“When will Obamas favorite banker go to jail. LIBOR, London Whale, bad loans, manipulating energy markets, rigging commodities like aluminum and of course their gold and silver market manipulation. To big to jail wins again.”
“Their power comes from their ability make use of endless amounts of debt notes, aka the fed reserve note. Take away their paper ponzi. I am partial to silver, it was the peoples money for 4000 years afterall.”
chatnuptime1 on Jul 29, 2013 at 15:18:14
“Fed doesn't make the note. Treasury does. And the Fed does not need to ask the Treasury to make notes to by back bonds or create them for that matter. And how the fed feeds wall street rather then main street has been the biggest fail of Bens life and that of Summers. But the bankers just as soon reach into the commodities physical market and raise the rent there and reap what is left of it before it crumples and run off with the goods. They sure don't care to invest. So someone is going to have to step in and say enough. Your just rading the pots your not doing anyone any good. time to bust you up and take your game and reinvest in the physical markets again.”
“Of course not. Ancient rights such as due process and privacy are being eroded to keep us "safe". The problem is, those who mean us harm already know how to fly under the radar and the Patriot Act is being used to impede the flow of information more often than to find the bad guys.
The republican party has moved to the extreme right and the democratic party is run by centrists who favor their corporate masters. If we cut corporate welfare, the deficit wold disappear almost immediately. But that's the reason why K Street keeps the money flowing to both sides.”
“We wont start to recover until the fed reserve inceeases easing to 1trillion a month. Everyone knows that the road to recovery requires trillions more in central banker paper to satiate the droves of banks and hedge finds that really really need the money.”
When the equities and derivatives bubbles pop, gold and silver will take a huge hit, in the paper price only. With nary an ounce to be had at the current dip, what makes one think there will be any available next dip?”
“I was able to score the last 11 1/10 gold eagles my local coin shop had today. I also picked up an 1855 2.50 dollar gold piece as a necklace for my partner.
Yep, this coin shop is in a town of 1800 people. So far this month he has sold more than 4000 2013 American Silver eagles and another thousand ounces of generic silver rounds. He lamented today that he only has a few dozen Silver Eagles and generic rounds left and his next delivery wont be till late next week.
Today while I was picking up my gold eagles, a VERY elderly couple shuffled into the shop to pick up their two tubes of Silver Eagles (@590 per 20ct tube)
You see they remember the years when silver was money, and protected the middle class against the inflation caused by the private central bankers.”
InsertAnamehere on Apr 25, 2013 at 13:33:39
“I do not think this buying frenzy has much to do with price but grading. Are the 2013 gold eagles 1/10th putting out MS70's left and right? Sometimes that happens but in the long their value is under cut by the over saturation of the market of MS70's. Now with this hold on the 1/10 they just went up $20-30, for now.
It will be interesting on how the proofs sells.”
geewhizwow on Apr 25, 2013 at 09:59:29
“You think the old codger will be
buried with his haul?”
keramos on Apr 25, 2013 at 09:08:48
“You'll be feeling great as the value of those plummets. Come back and regale us with stories of how you sold it at $200 per ounce just to get rid of it. That'll be entertaining indeed. ”
Seppowatcher on Apr 25, 2013 at 08:57:31
“In Hong Kong the gold is getting really scarce, mainland chinese are going crazy for gold.
IN addition to bullion and coins, they are cleaning out stores of necklaces, anything gold.”
“If gold was in a bubble, many people you know would own gold. If gold was in a mania, EVERYONE you know would be trying to buy gold. As it stands, less than 1% of Americans own physical gold or silver as an investment asset so gold is FAR from being in a bubble. 80% of the gold traded in markets around the world doesn't actually exist, IE there is no physical asset, only paper. The silver market is worse, with 1 physical ounce backing 100 or more paper ounces.”
earto44 on Apr 25, 2013 at 09:21:18
“The scam is hitting reality. Overpriced houses finally hit reality. Gold is going to find reality in the next 3 months. Silver was hyped up to $70 a few months ago, now it's back to $30's This is reality.”
“Yes, they should never be allowed to trade back and forth billions of ounces a day that they don't hold or doesn't even even exist. I suspect it is an attempt to drive people into equities, which is the same thing the banker cartels did by driving down bond yields.”