COMEX Almost Default - Savings in Gold or Silver

[urkingod]

All I understand is that Silver / oz back in 2002 was about $8, and now its doubled. So, if I bought silver today, and just hold on to it.... see what is going to happen in ten more years. Or five more years...

Ok, but then... what then ??

[davincij15]

What then... good question, it's the one question that people fail to ask or bother to answer.

The what then is up to you, gold and silver IS money money is not the end you are trying to achieve money is the tool to achieve a goal. The second you comprehend that fact is the moment you start working for a goal and stop working for money.

So to answer you question the what then is up to you.

[jake4569]

ww(.)apmex(.)com/Product/9427/­1965_Kennedy_Half_Dollar_Roll_­20ct___Brilliant_Uncirculated.­aspx great link to buy 20 40% silver coins 6.6 ounces of silver for 62.24 plus shipping. Thats where im gona buy my coins at

[OPPI007]

Voor diegene die via BEURS hier is beland: bekijk davincij15 vaker is de suggestie.

For others: sorry that hello saying had to be in Dutch:)

[eisenhowernixon]

I am more and more convinced that people who profi from the sales of silver and gold put out false assumptions to a naive public. If silver will be extinct by 2012 then so must copper, lead, zinc and gold. Yes, that right. The majority of silver is produced as a by-product of the refining of all those other metals.

[davincij15]

1. 2020 2. It was put out by a non silver investor at the New York Times. 3. Governments and banks have more to gain by suppressing the truth about silver. 4. No amount you buy will change the price of silver. As it's illegal for you to corner the market. 5. Only when the truth is reviled like the Madoff scam will the price change significantly. 6. Like the people who said Madoff was NOT running a Ponzi, you will only believe after it's too late. Good luck sir.

[fuzzywzhe]

eisenhowernixon:

You know what - who cares what you think?

I don't. It doesn't matter. Time will validate positions.

[eisenhowernixon]

Price of silver ALWAYS goes down before a recession. Silver recently peaked and is just now starting to decline. Won't there be a much better price opportunity down the road?

[davincij15]

Take the time to learn about PHYSICAL silver's above ground inventories. It is more rare than gold above ground and is the only element that is expected to become extinct by 2020, based on current consumption.

Then there is the fact that it's money.

[jeffcaldwell2]

It comes from the Multiplier Keynes came up with... That is how they think 4 turns into 16.

[formulaprimer]

Your right davincij. I must be getting old I forgot about the actual physical demand and lack of supply that will pop the manipulation bubble in silver and gold.

[formulaprimer]

Comex default is extremely unlikely because the Fed Reserve can print endless amount of money too short the silver and gold market and or buy back the short contracts using its affiliated central banks and JP Morgan etc..

[davincij15]

There is unlimited amount of dollars the Fed can create and limited amount of gold. If price is suppressed long enough there will be shortages that effect the exchanges.

[dontblamethemessenge]

I see you can buy "new world order" 1 oz silver coins in the US.

It goes quicker than i thought.

[myopisynesthite]

excelent article in sidebar.

[axishans]

Au/Ag IS money! all else is paper..

[davincij15]

Nice! Up or down in dollar amount it's money because they can't make it go to zero and it's value will always be relative to everything else you really need (food, rent). So save dem bars if the manage fire up the lending spree and people bid up the price of all other assets. Eventually those prices will fall in terms of gold and silver and you will snap them up.

[chadgresham]

I heard some information on a youtube site,the Silver Scam. I just started buying silver and I never thought about what this guy said on this site. If their is going to be a big increase on the value of silver per oz how would the companies pay out when people rush to cash their bullion in. If their is a mad rush for people to cash in their bullion the price per oz would drop. Please checkout this youtube site and tell me what u think. I think people need to have a plan on how they will sell

[davincij15]

I have done a video on this.

What determines the price? Someone willing to buy it at that price.

Thus if it's at a high price that means many people want to buy at that price. Also keep in mind you don't want dollars unless it can buy you more with it or need to pay off debt.

If silver is $100 oz and gas is $20 a gallon did you make any money?

NO!

Why? Because you can still buy the same amount of goods.

Notice the guy who made the vid disabled comments.

[chadgresham]

I get your point. But what he was trying to say is that if lets say silver went up 200 oz or something. Could these dealers pay out all the demand. I called my dealer today and he said I had nothing to worry about. But, I wanted to talk to you first.

[davincij15]

If silver is $200 it means MANY people want to buy it at $200.

God, it's not that difficult a concept.

That's how supply, (you have the supply) and demand (they have the money to demand it) works.

Maybe you are poor and don't understand how easy it is to get paper money or something. I just don't see how this is an issue.

The reason why prices will rise is because there is $15 trillion USD out there and growing at $1 trillion a month. The problem will not be a lack of liquidity.

[chadgresham]

Jesus my fault. I am new to this and I am not poor. I have never invested in silver or gold before my friend. I have been watching your site for sometime now and a thought I could ask you about a question I had. Jesus

[davincij15]

Sorry, I had a ruff day and was under a lot of pressure.

It's not your fault it was a fair question to ask.

[ExquisiteDoom]

I'm glad to see i'm not the only who doesn't see this as a potential threat. The guy who came up with this theory happens not to beleive in an inflationary situation (if we're talking about the same vid). So this got me wondering... But i know ultimately the market is stronger, logically how can it go up to 200$ for two seconds? Like who would just go up and decide to buy something that you know will drop in the following few minutes. It makes no sense, the market isn't that dumb. Peace.

[davincij15]

You are mistaken,

40 years ago and said it's going from $0.90 to 9 dollars they would say the same BS you did.

The problem is when its $200 gas is $15.

Also look at the chart of Rodium it went form $300 to $10,000 and it did not stay there for 2 seconds.

Home prices are another example.

You have to imagine gold and silver as a product right now very few people want it badly but every once in a while you will have a boom in sales and prices must go up to keep up with demand at that time.

[ExquisiteDoom]

Argh, i know that, that's not where i was getting at. The scenario was described as if silver would go up to 200$ and nothing else would. If that was to happen, like hell someone would just pop in and buy it for 200$ when there is no reason for it. Rhodium had an actual industrial demand (or at least i would hope). But the scenario given was unrealistic and flat out impossible. That's all :p

[BLynchCAN]

Thanks for the offer.

[davincij15]

Yes and they will lack conviction in the face of falling paper money value of the PM. I will embrace such a god send.

[shaurz]

LOL you have some funny ideas. Religion or lack of has nothing to do with it. Atheist precious metals lover here :-)

[nextdimensions]

very good points, let the system work for you, if you participate in the scam ponzi system you must become a leechy thief (in essence) to make any headway....that's how it's set up! keep us posted D, always enjoy your videos

[davincij15]

I like that we become leeches if we hold dollars because we need more to keep up with the cost of living. With gold and silver we are not leech to the system we are living self sufficient off of our own hard work stored in gold.

[alycephoto]

I started buying gold&silver over a yr ago. On the gold, I've made 30% profit. It not only depends on the price of gold, but what coin(s) you buy. Those rare, MS coins can go up a lot even when gold isn't. Some coins go up & down & you can trade them frequently by watching their charts. My broker spent a lot of time showing me. If you had bought this one coin 1 yr ago for $15,000, it's now worth $29,000...up 94%

[alycephoto]

obviously I'm a beginner & many already know about coins, just that some videos are stressing to buy the cheapest coins you can.

[Raycheetah]

Depends on what you're planning for. If the economy doesn't collapse, you can expect that the collectors' market will still permit you to benefit from the numismatic value of your coins; however, if the economy tanks, there will be fewer collectors who can afford to support high numismatic premiums, and the only value your coins will hold is in the metal content.

So you can buy PMs as cheaply as you can to preserve wealth, or you can hope to profit from numismatic appreciation. =^[.]^=

[SilverRose09]

It seems like the American wealth is disappearing. It is like globalizing the whole world in to two ecomic levels, the powerful super rich and the super poor. I can see a hyper deflation coming up and bringing more foreclosures, making any of the Americans wealth left gone.

[davincij15]

Your statements are correct but people atheists hate it when you connect it to religion. True traders provide liquidity but it's also how the manipulators hide.

[davincij15]

Thanks John aka stellaconcepts is not bad as well.

[KhmerD0g]

European Central Bank seems to save COMEX by helping out Deutsche Bank. Deutsche Bank is obligated to deliver the gold it didn't have.

check out the link story from maxkeiser(dot)com

complete take over by the NWO is almost complete because G20 seems to agreed on the super currency to be printed by the IMF.

[SilverRose09]

A strong dollar it is for Chinas best interest. Quantity of easing will allow China to buy and secure all real assets. The longer the dollar is strong and the commodities low, the better will be for China. Meanwhile Americans are having solvency problems in order to secure their future

[KhmerD0g]

China should start buying up all the U.S. assets before the dollar becomes worthless. but they won't because they want to control the U.S. policy. remember back in 1950s when Britain wanted to invade Egypt because they nationalized the Suez Canal result in Britain lost control of the canal. U.S. told Britain that we will dump your bonds if you invade Egypt. U.S didn't want to start the war because USSR said they will support Egypt.

china can crash the U.S. economy by dumping the treasury bonds.

[rangeyer]

Davinci you've been calling this default for months!!! I really like listening to you but come on now....you've been way off so far. I agree it could happen at some point but when??

[kenji4861]

agreed. I mean the idea is eventually he'll be right just like Schiff that's been calling the dollar collapse since 5 years ago. If it happens 20 years from now, people will consider them to be right.

[GoldSilver588]

yeah..... all these people there is really no one you should count on. In fact, when it comes to economic trend prediction, good luck....

[davincij15]

Yes, but I did close off my discussion about it months ago saying it will happen but I will not know when based on the data so I'm not going to talk about when ever again.

[psbyowner]

hey.. you can tie up your money for a year @ a whopping .01% interest. only need to hope the bank doesnt go under (where you might not see your money for 25 years). and the new Obama tax tate on capital gains (which is interest income, i think) will be at 15 to 45%, lol. dont worry; inflation is only running at 15% a year.

[moonzut]

Great video mate. Do you think that because the IMF are about to sell their gold, the spot price will drop.

[PlatinumGordon]

Max Keiser said the Gold price will drop if the IMF sells their gold. I think it may do exactly that - more buying opportunities.

[keithholden]

IMF threatons to sell its gold every year, From memory you can look it up. The value of there gold is only like 75-90 billion dollars a small fraction of the bail outs. People would just buy it up as it would be cheaper. After that it would be the last bottom in gold.

[Raycheetah]

Just a thought... The timing of that gold sale may make for a very short drop. India, the world's largest consumer of gold, has lately stopped importing much at all, due to prices. But the Indian wedding season, which traditionally requires the purchase of gold jewelry, is coming, and that market will snap up whatever they can at a bargain, in order to honor their traditions economically. Strike when the price falls, or be left behind! =^[.]^=

[Mongodelight]

1923 value of a house in weimar(germany) = 800 trillion mark = 80 loaf of bread = 1ounce of gold. weimar is coming. Its the zimbabwe school of economics.

[actop19]

Davinij; I would love to hear your thoughts on the announcment today about the IMF planning to sell a crapload of gold to pay for their big world socialism plan.

[davincij15]

I hope so then they would have none and it will be gone in 2 seconds. Lots of billionaires would love to get their hands on it but can't because they would be the market.

[nextdimensions]

I don't know, haven't we heard this story for a few years now? Every few months I hear that the "IMF is going to dump X amount of Gold"

[Raycheetah]

Here's an excellent analysis on this question. Look up "Why IMF Gold Sales Won't Affect the Gold Market" online.

The IMF gold sale is actually not a sale of additional bullion, it's a directed allocation of funds from sales previously committed to. In other words, it's just BS. =^[.]^=

[Mongodelight]

gold did better in weimarer republic. silver ounce = 800 billion mark, gold = 80 trillion.that means it performed 5-10 x better than silver. But if u could buy a house for 100 ounces of silver too. But just 80 loafs of bread.

[drutter]

I had no idea about the near-default. Can you give a little of your own analysis on it? Sounds fairly major.

[davincij15]

Sorry thought about providing my own thoughts on it after I uploaded the video.

[MandoMohan]

You've got to trade what ever you have for someting to eat. In Zimbabwa .3 of a gram of gold will get you a small jar of grain.

[MandoMohan]

If you're in Australia, you'll see the Perth Mint try and sell you and an ounce of silver or $89.. silver is worth $20.

Coins are a con.

[drutter]

Silver's not worth $20, are you nuts? You can buy it for that much, but it's worth at least 10 times that. So getting it for $89 is actually a bargain! :)

Coins are the best way for most silver investors to do it, hands down. Bars have a place for some investors.

[linux23dragon2008]

No that is a collectors coin that comes with a shipping box and a display box. And the price might also include shipping too I think.

[chroNick546]

you say that its impossible to compoud numbers like don harrold.. but how do they all make money.. and how do all the other paper traders make money like Jim Rogers, and George Soros

[BrodyLuv2]

Jim Rodgers goes around talking down everyones Currency and then shorting it,George Soros is heavily into the Illigal Drug Market Laundering Money for Folks through Banks he has close ties with...LikeThe BOE.

Jim Rodgers cares not how he makes money as long as he does make some.

For instance he Loves to Invest in the Slave trade in China.

Check it out for yourselfs if you dont' belive me.

Peace to All.

[davincij15]

OK, hold on here, misunderstanding. It's impossible for it to continue forever, that's what I was trying to say.

Sure it may work for a little while but it will end and if you are not in the right position you will end up with nothing.

[chroNick546]

There are plenty of investors and traders who make a killing. Yes, every year might not be in the green, but some of these people are filthy rich. If you're trying to say that it's impossible for everyone to make consistent returns, then yes.. because wealth is transfered from one person to another.. so for every winner theres always a loser, but its still possible. Is this what you were trying to say?

[davincij15]

Yes, If i make it my full time job to play poker or black jack after a while I will make a killing. If I do not want to do that and just want to do my job and save my money I can not because the paper money will lose value fast. Thus I am the loser and the people who took out loans are the winner as the money is more valuable the day you get it than the day you spend it.

So for the average Joe who does not want to go to the casino (stock market) an gamble, gold and silver is the best choice.

[chroNick546]

ok, in this sense, i can agree.

[nextdimensions]

see Davinci's response here, he is right, if you are not in the right position when it ends you are finished.... basically the US population isn't in the right position and it is ending...there are very big philosophical sectors of your question, because participating and promoting a system of lies always ends badly for people, somewhere down the line, it may take 100 years but eventually it will happen

[He101A]

The dollar is going to be dumped, and you are going to be happy you have precious metals. Don't feel sad. The value of the dollar can go down to 1 penny to the dollar. Stuff like that happens over night. You will be glad you had precious metals and held it.

[meluaufeet]

Thanks Davinci

[Lazyeyewitness]

I think you are dead right about the price issue. I have been buying gold for 3 years now, but I now see that the price is irrelevant. I simply continue buying as an alternative method of saving money. I think that the "powers that be" will indeed continue to short gold and suppress the price for as long as they can, but they can't do it forever. With the IMF intending to sell 400+ tons sometime later this year, we may still have another year of favorable price dips and accumulation time.

[lightleague]

Not enough attention can be garnered by that article you mentioned. There should be criminal investigations underway and I'm ticked that it's being ignored. That's the kind of criminality we're facing... world governments cheating all citizens.

[encantoman]

WoW. How did you get here? Take it to Stormfront...

[mastershakelock]

Get help man.. this is not about the colour of someones skin you cant profile people like that.. Its about one truth.. your so mixed up on hating another race you become blind to the truth. I'm a white boy btw..

[Y3rMawm]

Better to keep one's mouth shut and let others think you are a fool, then to open one's mouth and prove it.

Seek counseling for your inferiority complex.

[He101A]

These sub prime loans weren't just given to blacks, they were given to unqualified people in general. They were given to people with poor credit histories, and color doesn't have anything to do with it.

[BrodyLuv2]

Those Loans were made because of the Fractional Reserve System.

For instance,say you took out a Mortgage of 250,000 for every 1 of those Dollors the Bank could create at least 9 new Dollors based upon futures.

Its a Fraud commited on all of us to push forward the Elites Agenda.

AGENDA 21.

[He101A]

Because of reserve fractional banking FIAT MONEY=DEBT. The reserve ratio is for $1 of deposit, the banker can create $9 in credit out of thin air. The Federal Reserve bank creates money out of thin air and loans it to all the smaller banks. All of those loans created cannot be paid back, because the loan was made on the principle of the loan. However, the loan has compounding interest every passing year. When the credit stops following, debtors are SCREWED!

[usernamepasscode]

A good metal to store money in is LEAD: Guaranteed by the second amendment of the united states constitution...for now

[whiskerchild]

I haven't sold my PM yet. But how do you make money in selling PM, when the banks are always manipulating it?

[davincij15]

You don't. You save wealth in PMs because it can not be printed thus you don't lose to inflation and if you trade your gold for coins for cash and government did not see it did it happen?

[mustangjake2073]

Don't reply to these racist aholes. They are attention mongers looking for a reaction

[mastershakelock]

or Canadians ;) scuse me Davinchi

[kevinarmstrong1]

Cool, Davinci. Have you ever heard of Hyland's OnBase?

[dgmoocher]

Thanks for the vid DV!

[mastershakelock]

He's a Ron Paul supported.. and a great silver advisor. Show some respect , dont jump someone because the colour of their skin, Obama is a puppet but that does not mean all African Americans support him.

[doobsta]

saw this today...the charade will continue..

[ramp31]

what you think about stocks in gold mines davincji

[davincij15]

I have a small holding in gold and silver stocks ($2000) the rest of my money is in gold and silver.

Counter party risk and the market is a casino if bankers loose a the data by accident oh well you loose.

[buyred]

Great video! 5 stars