When gold exploded to the upside earlier this year amid the biggest New Year’s stock market panic in history, we noted that the bull market had awoken. And despite arguments to the contrary from mainstream financial pundits that gold and silver were not monetary metals and nothing but historical relics, it became apparent during the Brexit vote that precious metals were the assets of last resort during market panic. On the night of Presidential election, as it became clear that Donald Trump would become the leader of the free world, stock markets once again sold off. And just as had happened earlier this year, prices for physical gold and the companies that mine it skyrocketed in a matter of hours, this time to the tune of over $100 per ounce.
All the while, there has been an effort by a conglomeration of market players over the last six months to suppress precious metals prices, in numerous cases through the dumping of literally billions of dollars in paper gold and silver contracts. But that effort has done little to significantly damage the bull market in gold and silver. It appears, according to Inca One Gold Corp. Chairman Bruce Bragagnolo, that the correction is now over and another big move to the upside is coming:
My belief is that gold is going much higher here… It’s just that you get so tired of the manipulation in the market and I’m sure it’s got a lot of investors in gold and silver really down and wondering what the heck they are doing these days… I don’t think this is the end of it… I really think that we’re going to see a good bounce out off the bottom here… This is a bad correction… It’s a very long and deep correction… It was predicted by analysts… The bottom line is we’re going to come out of this in a big way… We should be close to bottoming here and may have bottomed last week…
Overall, this is a good time to get out your shopping list and look at quality companies like Inca One and see which ones you want to buy… It’s the farthest thing from a lot of peoples’ minds right now, but you’ve got to buy low and sell high.
Watch the full interview:
Bragagnolo says that though paper prices listed on exchanges like the U.S.-based COMEX show one value for gold and silver, it is a totally different story on the ground, as evidenced by the $1700 “street price” being paid in India where cash is being outlawed.
The COMEX has nothing to do with gold. That is simply a casino where gamblers place their bets on the gold price… The claims are well over 500-to-1 now. I think the COMEX is a very faulty mechanism for pricing the real, physical, tangible gold. Let’s face it, buying paper gold, it defeats the whole purpose of it. There’s no reason to own paper gold or a claim on gold. You want the physical in your hand.
The manipulations are being exposed and it’s only a matter of time before their schemes backfire, especially considering that for every 500 paper ounces of gold, there is only one ounce of gold backing it.
Deutsch Bank, arguably one of the most well respected banks in the world, agreed last week to pay a $60 million settlement to investors for engaging in silver price fixing. This on the heels of a $38 million settlement in October for manipulating gold prices. Thus, we know for a fact that there has been collusion among some of the globe’s largest financial institutions.
But those manipulations are not enough to keep prices down for long, explains Bruce Bragagnolo, despite the pain already inflicted on investors:
We’ve got overbought conditions in some of the indexes and oversold in gold. It takes a real gut check right now to be buying gold… some people are saying this is the bottom and this is the time to get in… It’s almost like The Powers That Be who impact the gold price, whoever they might be, want to inflict the maximum pain on people and this might be the maximum pain right now.
… You’d think that this would be a good time to be buying… but it goes against investor psychology, of course… to buy at the bottom… because you’re paralyzed with fear, basically… but this is the type of reaction that the big banks… the so-called smart traders… you see the reports every week… they’re all out of the short-trade now and they’re into the long trade and they’re going to be making a pile of money on the way up here.
What needs to be understood is that the election of Donald Trump to the Presidency of the United States will not be enough stop the inevitable wealth destruction to come. The economy is likely already in recession and the U.S. dollar will be crushed under the weight of trillions of dollars in debt.
When the panic starts it will look very similar to what we saw at the beginning of 2016 and the night of the Presidential election. As stocks sold of en masse, gold skyrocketed.
As Inca One Gold Corp’s Bruce Bragagnolo suggests, the time to buy any asset is when prices are low. After a multi-month correction that saw gold and silver prices suppressed by market manipulators, this may be the last fairly priced entry point for precious metals.
To Learn more about Bruce Bragagnolo visit Inca One Gold Corp.
For more interviews, news and commentary visit SGT Report.
So tired of people saying gold is not a good investment. Have been hearing it since before the 2008 crash when I was buying. There have been swings up and down. If you would have bought a standard Gold Mining ETF in January at the bottom even after all of the up and down this year you’d still have doubled your money.
Physical gold to get across borders and to pay people in an emergency.
Gold mining stocks to leverage the move by huge percentages.
Paper Gold ETFs… Don’t do it. These instruments are crap.
If Trump can’t do what he says he will do, the election night pop we saw was just a small preview of the madness to come for gold.
Posted at 13:30 am ET this morning. http://www.zerohedge.com/news/2016-12-05/gold-double-slammed-traders-puke-35-billion-notional-through-futures-markets
“My belief is that gold is going much higher here… ”
I don’t think so and I am not buying it.
Gold is not for speculation unless you are a BIG player. Preppers should already have enough gold and silver to see them THROUGH the Changes.
Buy additional food and ammo. Buy SOLAR systems, batteries, chargers, and other gadgets, tools, and useful items. 🙂
I know. You’re still saving $10 bills in #10 cans.
Russia and China are stockpiling gold for the coming gold-backed currencies. Most of my gold coins are 1/10 of an ounce. It’ll be easier to trade with smaller coins.
I have 90% of my money in government minted silver coins. One ounce to 1 kg Canadian and Australian coins.
I’m fully prepared. I have the rest of my money in PM’s.
Gold will be used for settlement of international debt and for international transactions at high levels like major corporations and such do.
It won’t be used domestically for personal transactions, and it is likely it will be required to be turned in for domestic currency to cover the international settlements where gold will be used.
You won’t want to be caught using -or maybe owning- gold when that day comes any more than you would want to be caught with heroin, cocaine or meth today.
Food is always valuable, maybe more valuable to common people than gold when the day of reckoning finally comes.
I have a mountain of gold and silver (literally) so I benefit from a price rise in either; or both. But the predicted price rise in gold by the CEO of a small gold mining company is EXACTLY what you would expect him to say to support his stock options and warrants.
Get a clue Barn Cat. You are being manipulated again. 🙁
PS. Don’t be so sure about those “gold backed currencies”. Digital Money will get here first as quantum computing eliminates hacking and finally creates a secure on line environment.
Gold backed money is just a wet dream of the junior gold miners ….. and Daniel. 🙂
BTW, the consumers in Venezuela WISH they had bolivars stashed in number ten cans. So will you. 🙂
The new most interesting man in the world commercials depict monogamy.
The new actor is a Frenchman who supported Bernie sanders.
I want Goldsmith back!!!!!
A Frenchman promoting monogamy?
Monogamy. how awful…
Its a great investment, IF you are long term.
Frankly, Everyone here, weather or not they will admit it is dreaming about a repeat of the $45/oz silver run a few years back so they can cash out and into back fiat dollars.
A MASSIVE VICTORY TONIGHT AS THE ARMY CORPS OF ENGINEERS DENIES EASEMENT PERMITTING FOR ANY OIL PIPELING TO BE BUILD ACROSS THE MISSOURI RIVER.
THE SOUIX WATER PROTECTORS WIN, AMERICANS WIN AGAINST THE CORPORATE PIG FASCISTS.
Army Corps Denies Easement For Dakota Access Pipeline
December 4, 2016·4:45 PM ET
The Army Corps of Engineers has decided to deny a permit for the construction of a key section of the Dakota Access Pipeline.
The decision essentially halts the construction on the 1,172-mile oil pipeline about half a mile south of the Standing Rock Sioux Reservation. The decision is also a victory for the thousands of demonstrators across the country who flocked to North Dakota in protest.
“Our prayers have been answered,” National Congress of American Indians President Brian Cladoosby said in a statement. “This isn’t over, but it is enormously good news. All tribal peoples have prayed from the beginning for a peaceful solution, and this puts us back on track.”
Jo-Ellen Darcy, the Army’s assistant secretary for civil works, said after talking with tribal officials and hearing their concerns that the pipeline could affect the drinking water, it became “clear that there’s more work to do.”
THANK YOU EVERONE (MAC) FOR YOUR SUPPORT IN THIS EFFORT, THE TRUTH WAS TOLD AND FINALLY PEOPLE LISTENED. TAKE A STAND AND FIGHT FOR YOUR RIGHTS. ~ZEUS
Only consider metals when you have a year of food/lots of ammo/tools/firewood ect.,then you start looking at other baskets!
Bummer about Austrian election but Italy worked out well in fucking with the powers that keep trying to be!Now,lets see if France and the Netherlands can get their movement together,this if nothing else is a great year for pushback of nwo but tis only a beginning,that said,a nice beginning!
Best of luck to our sisters and brothers across the pond as they fight for their countries,and,time permitting,is time to get your citizens armed again!You though are on your way!
Balance is the name of the game. If your budget allows for $20 extra for food/whatever than why not, every now and then, add some 90% coins or a round of Ag?
Yes, of course, get your food and other stuff in order but theirs no reason at all not to get some basic PM’s in hand. The can be done quite easily via the local coin guy or ebay.
All that food will be nice but what if you need ‘x’ or ‘y’ or ‘z’. How ya gonna git it? Money if you can’t barter.
I’m so tired of reading not to touch PM’s at all in the beginning of prepping. Balance it out. If you can afford to prep the other items you can afford to get some basic PM’s in house. Then after all your other preps are done (which they NEVER really are thus negating the argument) you can stack PM’s to the roof.
I wish we could edit these posts….
‘but there’s no reason….’ Goofy brain and hands!
NO he’s not wrong.
I’m all for PM’s and am very heavily invested myself but unless one can eat, drink, and wipe his own ass for a year on his own, they are a waste. why would you store up PM’s to trade at a loss towards basic needs that can be bought for fiat dollars now?? That makes no sense.
PM’s get you through the crisis with a savings and the ability to build for the future. Food, water, shelter will see you through the crisis alive and in semi-comfort.
Re: This article, I totally agree Mac, all the stars are aligned for a bull Mkt in Metals. The rest of the world is collapsing, and more people today have access to purchase these Gold and Silver PM’s. The Paper Market need to be audited and fined for suppress Gold and Silver with Contract based on nothing but thin Air. The era of Rehypothification 500 to 1 or 252 Oz of paper Gold for 1 Physical as Doug Casey claimed, needs to end and get back to real supply and demand.
If you or I owned 1 rental property, and tried to rent it out to 500 people and collected rent from 500 people, we would be sitting in prison by morning. Why not the Bankers creating these phony securities based on nothing but thin air? Get rid of that scam and watch gold and silver fair market price climb to 5,000,000% percent.
Zeus, I saw your previous comments on silver jumping over $17 a few minutes ago. It’s edging up and looks ready to break out.
Something interesting: Several Junior miners saw a big price jump on Friday when PM’s moved up only slightly. I saw the stocks I follow jump in my ticker and thought: “wow, gold must have made a huge move today.” Jumped over to check the price of physical and it had barely moved. I am not a technical analyst or trader so I can’t tell you what that means, but it was interesting to see a 10% jump in mining stocks when physical barely budged up. Specifically, check out First Majestic Silver (up 10%+ on Friday).
Could this be an indicator that big money is positioning before the physical price moves up?
Yeah Mac, interesting. There is a lot to follow to know what is going on. We see these moves and it takes days for someone to come forward and give an explaination. What I do know is trading chart history & identify patterns & trend cycles. Buy Low-Sell High works for me. I think prices will be all over the map for the next few months. Just like election night futures pricing. Up down up down. We are at the bottom for phys Gold and Silver, so UP is the prediction now.
Mac I did find this article, about the fast rise Sun Nt, then drop. look at the chart. ht tps://marketslant.com/articles/people-willing-burn-eu-house-down
It is explained that “EU Banks aren’t buyers and need Dollars, so they sold their Gold to raise cash.
Like I said this PM market will be all over the map, up and down. I would love to just take a nap and wake up a few months from now, and see where we are. I am in for long term, so just keep buying the dips, and sleep tight.
Because they make, change, bend and break the rules.
When they don’t like the rules they get them changed.
Imagine; you make/change/control all the economic rules AND you get to set the price of real money to whatever you like AND you get to ‘print’ money from a keyboard and mouse.
Must be nice.
I think we have a ways to go before the bull market kicks in again. As other countries bail out of the Euro, it will make the dollar stronger as investors look for a safe haven. A strong dollar drives the price of gold down. That in conjunction with the manipulation of the paper PM markets via the Comex keeps us where we are for now. IMHO, we are going to drop even further before the bull market kicks in. That is when it will be buying time. Buy gold not to make a profit, but as store of wealth. Silver for monetary use. With that said, the currency system is the US is nothing but a massive Ponzi scheme. It will eventually collapse as have all fiat currencies in history. The big question is when. Might not be in our lifetime. Don’t underestimate the PTB. Want to learn about currencies VS real money (gold/silver)? Spend 20 minutes watching this and you will know more than 99.99% of the people around you.
The guy is brilliant.
Don’t hold your breath….
One word: Bitcoin.
BTW: gold is only valuable when there are people who aren’t fighting for survival. If EVERYONE you know is starving to death, and you have a brick of gold… How much bread do you think that gold brick will get you?
Betting on gold is essentially this: You’re betting that it’s going to be bad… but not so bad that it’s complete collapse. Bitcoin also fits that same bet. Research it. It’s outside of any gov control, and it can be anywhere in the world in an instant.
M.. 3 words. “Bitcoin is Hackable.” If you can’t hold it, you don’t own it. Been over this a thousand times.
I have not met a single person yet who has a brick of gold and who does not also own bread and everything else already. Those who don’t own any Gold or Silver will soon learn, it will be the acceptable form of universal money in a dollar currency collapse. I would buy 1 ounce .999 rounds in silver, and 1/10 ounce rounds in Gold, in smaller increments for trading. Buying just one $550,000 Brick Gold Bar is kind of dumb, if that is all you got. Unless you want to hide it for future generations. Have common sense.
As long as the internet is up.
Thanks, but I won’t touch bitcoin.
Even that’s been hacked.
It can be anywhere in the world in an instant as long as the internet is both operating and unrestricted.
Because, you know, governments NEVER restrict internet access in a crisis…
fixed it for you:
BTW: bitcoin is only valuable when there are people who aren’t fighting for survival. If EVERYONE you know is starving to death, and you have digital currency… How much bread do you think your local bakery is going to part with when you wave your smartphone at them, provided the internet is up?
We will get a bounce if Italy or all of Europe collapses. Otherwise, Gold goes to USD $850.00.
Fine by me, that means the Dollar approaches reality
Good piece, read it and comprehend it
I’ll give up my “barbaric relics” just as soon as people and govt’s stop **acting** so barbarously.
And yes, you CAN put in a self-directed IRA
Fundamentals. You can’t run a household on infinite debt and you can’t run a country like that forever. At some point the country has to quit digging the hole deeper.
I’ve been hearing so-called ‘financial advisors’ predicting that gold is going to skyrocket to $2,000, $3,000, and even $10,000 dollars an ounce (or, in the case of Silver, to $100 or more per ounce) ever since the late 1990s and none of these predictions have even come close to being true.
This is not to say that I have not bought gold and silver myself, because I have and right now, I’m sitting on a very decent profit over what I originally paid for it.
But, these kinds of hyped up articles seem to be designed to lure in new precious metals investors on one hand, and on the other hand – persuade those of us who are sitting on a profit to hold on to our metals in hopes of getting a much bigger gain when we finally decide to sell.
And, then – there is always the doom & gloom scenario to worry about, which tends to make you nervous about selling your metals. It just seems to me like the same people who are selling gold and silver are the same people involved in pushing these almost comical predictions about where metals are headed and then, to scare people who already own metals into not taking their profits because the long awaited ‘SHTF’ day is right around the corner.
Exactly my thinking. Mac keeps running articles with quotes from guys like, Chairman Bruce Bragagnolo of Inca One Gold, and I realize they have to keep talking up the metals or the ores or they’re out of business.
I would love to have a pot of gold, but I don’t have a pot to piss in.
^ good one B from CA. Lmao. And Merry Chistmas to you as well. B good!
Good article on a long lost antiseptic.
PO’d, article doesn’t say it’s available…still in testing. If you find it somewhere please post. I’ll do some looking, too.
will do Ketch.
PO’d Patriot, found a listing on amazon for it by name but
“not available at this time and we do not know when/if it will be in the future.” They listed a company name but I stopped there.
B from CA. You said this a few articles back What do you know about it? Got any links? TN firefighter in Israel when they should be in TN fighting our fires. Israehell has this exchange program now to bring US FF over there for their Koolaid brainwashing course. That crap needs to end as well.
All I found was this.
the Jewish Federation of Nashville and Middle Tennessee has established an Israel Fire Emergency Fund to collect donations to address the impact of over 200 fires raging across Israel.
These pack of parasites need to get the F*ck out of America, all Beggars with their Tin Cup in hand. We need to get our Tax Payer $38 Billion also back to build America, not support knows terrorists. It is illegal to fund knows terrorist who commit human rights violations. Time to shut every one of these tax free ZOG organizations down here in the States.
It is also rumored that ISIS Terrorists started these TN Fires.. Anybody got info on this? Thx.
When someone shouts “…new bull market…” I ask “…based on what?…” When I hear facts supporting the argument and volume in buying it may be happening. But when I read “…my belief..The bottom line…” as Bragagnolo stated I call BS.
I looked a GCG17 daily chart and gold had zero ability to rally going into December. The weekly chart confirms the weakness. Last week there was an easing of the downward momentum as price closed only slightly lower from the prior week. It does not negate the fact that last week was a lower high, lower low, and lower close. I would not be surprised to see gold test the lows of 1050…
Hope you’re right on that 1050 Rabbit…..last time I bought some 1/10 oz gold eagles, they were 70 bucks each….now they are 130-140…..sure would like to buy some more at sale prices….
Let’s face it…gold and silver are money of last resort….you’ll spend every paper buck you have first as long as it will buy anything, then go to metals. By that time, the price in paper will be completely meaningless because nobody will take paper, or like in Venezula, or 1920 Germany, or Zimbawae, they will be weighing it, not counting it….ahahahaaaa
So everybody quit moaning about price….heck hope it goes down…fire sale, buy some.
This would be a good time to mention: “The War on Gold” 1978 Anthony C. Sutton ISBN 0-89245-008-8. The most prescient and predictive book on what is happening and will happen with gold. If you haven’t read it you should. It’s all right there.
Great article, thanks Mac. Keep relevant, useful articles like this one coming.
Guess who is the latest E-Beggar?
James W Rawles Sued for Defamation – Requests support, and is whining that his Atty Fees are costing him $5000 for an Atty, and is E-Begging for people to donate to his cause. He ask for donations on his website SurvivalBlog this last few months.
LOL.. How about your Friends in Israel? Do they Stand with you too? Go beg from them loser. Anybody got the scoop on this defamation case? What happened? Rawles said something derogatory, about someone publically, and he got sued. I hope he looses Millions. Traitor sell out. And Rawles also lied on his site saying all the Souix Indians Water Protectors wanted, was more money. Which is a Flat out lie. Liars deserved to be punished.
I had to flip over to Google to locate some info.
James W Rawles Sued for Defamation – Requests support 10/17/16 ht tp://newscentral.exsees.com/item/380e0da528a07619f1271277e5c7eee5-c5bcb0b33808813b02393ed959658817
In today’s post for survivalblog.com, Rawles asks for donations to mount a defense to a civil suit filed by Robert Akard against ten (10) individuals. The suit, filed in US District Court for the Northern District of Ohio, Eastern Division, includes six (6) causes of action for diverse forms of defamation and related torts. It seeks an unspecified amount of compensatory and punitive damages as well as temporary and permanent injunctions.
The allegations are somewhat complex, and involve, in part, application of Ohio’s “Joe the Plumber Law” imposing liability against misuse of databases to conduct unauthorized searches into the lives of citizens. Rawles is really something of a “small fish”, who might take heart from Section 230 of the Communications Act, which protects against “intermediaries who provide or republish speech by others”. Rawles passed along claims by others–and now finds himself in the cross-hairs. Complications are readily seen in the facts alleged. This is a sub-specialty area of legal practice.
There is an “object lesson” to be learned here. Those who “publish” accusations against others on Facebook, Twitter, blogs, or elsewhere may find themselves facing a civil suit for damages despite their good faith belief in the substance of what they say; or their trust in the source of their informant.
From JW Rawles website Oct 17th 2016
SurvivalBlog Hit with a Defamation Civil Suit
By James Wesley Rawles | October 17, 2016 | Print This Post | Email This Post |
We have always been very careful to avoid making any libelous statements in SurvivalBlog. But after a lifetime of being free of any ligation I now have apparently been named as a co-defendant in an upcoming defamation trial in the U.S. District Court for Northern Ohio. (I have not yet been served with court papers, but I’ve been warned that indeed I soon will be.) All of this stems from just a two-line mention (with a link) about a reportedly disbarred attorney in Tennessee–variously surnamed Akart, Akard, and Okard–who reportedly had at least two convictions in the past for swindling. I merely posted a link to Ross Elder’s article about the man, as objective reporting, with no commentary of my own, and I’ve made no other mention of him in my blog until today. But now I–along with more than a half dozen co-defendants–have been slapped with a potentially multi-million dollar lawsuit for “assault, libel and slander.” Even though this appears to be a frivolous lawsuit, I still have to hire an attorney to defend myself and SurvivalBlog.
It is a long-standing tenet of civil law that the truth is the basic defense in any libel lawsuit, and I firmly believe that the truth is on our side in this case.
The upcoming legal defense will probably cost thousands of dollars in attorney fees. I would appreciate the prayers of SurvivalBlog readers that justice will prevail. If any readers would like to contribute to our legal defense, then please send a check to:
Paypal. Yeah I think NOT.
A Gunman Has Been Detained At A DC Pizza Restaurant That Was At The Center Of A Fake Clinton Conspiracy
so who’s the liar , and when do they get stung up?
” It appears, according to Inca One Gold Corp. Chairman Bruce Bragagnolo, that the correction is now over and another big move to the upside is coming:”
lol as gold opens another 10 bucks lower
Yup, ‘buy Inca One Gold Corp’, yeah didn’t see that as soon as I read it.
Seems like a good analysis of the gold markets.
Trouble is, these analysts base their predictions on fundamentals. There are NO fundamentals you can rely on in a centrally planned monetary system with unbacked currency. The banks can manipulate the price of money any way they like by using the interest rate and supply to get their desired result.
If fundamentals mattered, the US would be bankrupt again and defaulting as they did when they closed the gold window. In fact, with sound money, most of the world would be bankrupt and in default right now.
Another thing to think about is that the central banks possess most of the gold in the world. No, not Fort Knox, that was when the state owned the gold. It was turned over to the Fed in the thirties default. They will make all rules and prices pertaining to PMs not the “free market”. If they choose to, they will once again have their minions in DC put out a ban on ownership or use.
Yes, the “shadow” holds a lot of gold. Ever hear of the Black Eagle Trust?
I buy gold colored items like bullets the brass looks like black hills gold then there is beer its golden colored yep im investing and reaping enjoyment now plus covering my ass in the future and dont forget the non gmo golden sweet corn seed but seriously what are you gonna do sell it for cash then what cus as of now if you buy property house ect you have to account for the money you use so if you have 50k in cash and want to pay cash for a house you have to deposit it and even then you have to show acceptable proof of where that money came from then proof how where you got the money for that asset so in the long run what are you actually gonna do with a round or square shiny peice of metal take a hard look at what real wealth is and remember you dont get to take a single thing with ya and everyone sooner or later gets to go..
And no the gold glitter from the strippers at the club does not count as an investment in gold thats just tossing dollarbills for eye candy
One thing for sure when the shtf im sure like minded survivors preppers will have interesting ways of entertainment and social events. The old turkey shoot will prob return . And there will most definitely be some interesting poker games ill bet 3 days ammoxacillin and raise 12 22 shells or a buy in game of 50 pounds of potatoes or equal value . I suppose antibiotics will have a high value at houses of ill repute..yep things of use will be worth the most. Imagine shooting craps for nails..
Gotta love doomer porn.
Thing is NO ONE knows how it will go. It’s never been done at the American level.
Fantasy until then.
Fantasy is all the sheeple that think 401k are actually wealth or worth anything
Things like a can of coffee will have enormous value as compared to 50 lb potatoes cus potatoes can be grown here in indiana but you cant grow coffee. In shtf i would rather have a can of coffee than 5 oz gold coins. Also antibiotics and pain meds will have high value.
You should read my post above about balance.
Nothing wrong with what you’re saying but a little something of value beyond food/equipment will be good to have.
If we’re going doomer porn then there’s this; guys is traveling through town with ‘stuff’, he doesn’t want to barter, has enough crap already, but he knows the next town or two he travels to DOES deal with PM’s because they got their act together quicker. Now whaddya do? I tell ya, you go pull some Merc’s out and get what you need. Balance.
Just like a new truck now costs 40-50 grand everything right now is hyper inflated even gold and silver so why not just buy a new 50k truck and park it in the garage for 5 years cus by then if gold double to 2200 oz im sure that truck with only 100 miles on it would double to be worth 100k. Everything is hyperinflated right now metals,goods,even the stock market the bad part is its all falsely inflated.and the celing has just about been reached
I see what you’re saying but a truck does not equal gold in any way shape or form and you know that.
Cost vs worth are in line with eachother just l8ke years ago when gold was 300 oz you could buy a new truck for 12 k or 15 for a really nice one same difference if gold jumps to 5k oz a gallon of milk will be 10 bucks and gas also . Kinda funny how a gal milk and gal gas run in par price wise
The investment time will come when the fire sale happens untill then stack some cash. It will be a breif period but thats when wealth will not only be secured but created kinda like when the great depression happend no one had money but thoes who did have some created great great wealth just by the purchase opportunities
Of course, you’re assuming I don’t stack some cash and post 1965 coins anyway. 😉
yes i wonder about that. Classic bottom slow and flat or v shaped and quicker. I have a mental picture of 1075 being interesting but of course it will probably be 875 or 1170 right here, who knows
Hyperinflation is coming. You need to be prepared for it so you’re not forced to eat your stored food before the collapse.
We have enough PM’s to pay for a year’s worth of food and gasoline no matter how expensive they get in dollar terms.
Monday Dec 5th, RE: Wisconsin Recount. So far the Total Recount correction for Trump vs Hillary vs Stein is: Trump gets a Net Gain of +3 Votes. That’s it Folks. Trump +3 lol Yep this is how Hillary is going to steal the election.
As just stated on the Rush Limbaugh show.
AU hammered again this morning. I assume the shorts are out en mass after the Italian vote.
A bit off topic, but hopefully some quotes you can use:
According to the FBI spokesman Stephen Fischer, Black Friday shattered the single-day record for gun sales – with 185,713 background checks processed in a 24 hour period. Fischer told Business Insider that nearly 400 more transactions were processed on Black Friday than in 2015. http://tribunist.com/news/americans-bought-enough-guns-on-black-friday-to-arm-the-marine-corps/
“Laws that forbid the carrying of arms … disarm only those who are neither inclined nor determined to commit crimes.”
—Cesare Beccaria, 1738 – 1794) Italian criminologist, jurist, philosopher,
politician, widely considered as the most talented jurist and one of the greatest thinkers of the Age of Enlightenment.
A few more quotes from people a lot smarter than me? Here you go:
“Quemadmoeum gladuis neminem occidit, occidentis telum est.” (A sword is never a killer, it is a tool in the killer’s hands.)
– Lucius Annaeus Seneca, circa 4 BC – 65 AD
“Americans [have] the right and advantage of being armed, unlike the citizens of other countries whose governments are afraid to trust their people with arms”
– James Madison, considered the father of the US Constitution
“[T]he people are not to be disarmed of their weapons. They are left in full possession of them.”
– Zacharia Johnson, speech in the Virginia Ratifying Convention, 1788
“During World War II, six million Swiss had guns and six million Jews did not.”
– Author unknown
“…sort of like the people who repeat foolish slogans like “guns kill” – as though guns sprout little feet when no one is looking and run around shooting people all by themselves.”
– Doug Casey, financial columnist
“If you don’t have to give up your car because others drive drunk with theirs, then why do you have to give up your gun because others commit crimes with theirs?”
– Anonymous internet wag
“When a crime is committed, does the gun go to jail?”
– From BrotherJohn.com
“Let’s stop playing games. The problem is people, not guns. Our society suffers from a deficiency of personal responsibility – not from an excess of personal freedom.”
– Star Parker, African American writer and commentator
“The horrifying truth is this: we live now in a culture that not only does not respect life, but discards it like trash — not only at the beginning of life, but also at the end, and every place in between. What has happened to us?”
– Catholic Deacon Greg Kandra
“…we’re also going to make it clear that when a pig gets iced that’s a good thing, and that everyone who considers himself a revolutionary should be armed, should own a gun, should have a gun in his house.”
– Bill Ayers, leftist activist and confidant of gun control happy Barack Obama, in A Strategy To Win, appearing in New Left Notes, September 12, 1969. Note: This quote is included both show the hypocrisy of today’s anti-gun left, as well as expose them as the purveyors of violence the left has always been. This in no wise implies support of Ayers,
and I am is utterly against everything Ayers stands for, including his evil violence.
“The urge to save humanity is almost always a false front for the urge to rule.'”
| – HL Mencken
“No free man shall ever be debarred the use of arms. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government”
– Thomas Jefferson, 1 Thomas Jefferson Papers, 334
“The ultimate authority … resides in the people alone. … [T]he advantage of being armed, which the Americans possess over the people of almost every other nation … forms a barrier against the enterprises of ambition, more insurmountable than any…”
– James Madison, 1788
“Blaming Newtown on guns is like blaming Chappaquiddick on the Oldsmobile.”
– Ben Crystal, Personal Liberty News
“An armed society is a polite society. Manners are good when one may have to back up his acts with his life.”
– Robert A. Heinlein
“Eliminate guns and they go to bombs, eliminate bombs and they move to poison or something else. Bad people are just bad people.”
– “David,” otherwise anonymous internet poster.
“The trigger is in the head, not the gun.”
– Michael Howell
A hand sledge hammer, a good sharp chisel and an accurate weight scale may be of use in the future.
And yes this has all played out before here in the USA it was the great depression they had high times just prior to the crash then bam nothing and even if you had something no one had money to buy.banks wouldent kick people out of their homes even though they had repo them cus they needed someone to keep up the property and they couldent sell them or rent cus no one had any money. Peoples greatest concern was food
We seem to get a ‘gold article’ every couple weeks and repeat the same arguments. But the reality is that no one knows what will happen when the SHTF. So in order of preference–
1. Buy at least 3 months of food and begin a rotation to keep it fresh.
2. Buy enough ammo to protect your stuff – consider big bucks for decent night vision – they will come at night.
3. Buy extra toilet paper, paper towels, Kleenex, small appliances, grooming items – these will either go up in price or disappear completely.
4. Buy some junk silver to trade or buy essentials after the SHTF.
5. Buy silver bullion or gold or come up with some way to be able to pay taxes on your home and bug out location – for when taxes go up and the dollar collapses.
No pain here and i am happy to see gold/silver going down, faster the better and can see Silver at $12oz which will be a buy signal for me.
Prices are fixed and when you see so many people using stories to sell gold then you know it’s not the time to be buying or do you think you know better than buillion by post who’s spending a fortune on TV adverts
Keep you powder dry me thinks
First time here Mac.
Now I know where to find you.
I’ll be back. All the best _JOHNLGALT.
Thanks John — welcome!