my car engine shat itself and its $2000 to fix and as i have no cash i think I'll have to sell a bit of my stash - but i dont wanna give the mint back any on their excessive spread - what would be the best way to sell it to benefit someone else and me (ie at spot - so we split the spread.)
Apparently PayPal takes 5% too - worse than the mint.
I think I heard Bob Chapman say $1200 gold was possible in the next couple of weeks too. He's always a bit cagey and qualifies his predictions with phrases like 'Posssible but not probable'. Thanks for the Dow/Gold vid previously StellaConcepts. That graph is one that tells the big long term story. Financial assets down and tangible assets (such as gold) up is the trend for the forseeable future. Will be interesting to see if Stock Indices crash nominally or assets rocket and indices trend up
hey John, I took your advice and took the plunge on buying silver, I bought 5 kilos of silver bullion on sunday before the big jump in price on monday. now just waiting for it to come in the mail, looking foward to your next video. thanks again
Hi John, a Perth Mint manager is said to say that Perth Mint did not - ever - experience any problem with sourcing silver! Silver arrives *regularly* from London (clip: "Bullion talk (about the Perth Mint. Nov, 2009)"
This contradicts reports about delays (did you report them, too? Or was it Ted Butler? Jason Hommel?) and puts the main silver shortage argument in question.
One of the pillars of the theory of bearish "silver price manipulation" is questioned here...
John. I was just about to purchase more silver. Am I interpreting this correctly that it may be better to wait till friday or monday to get a better price?
Finally APMEX is now shipping to Canada.Only drawback is for Canadians there is a $1500 min. purchase and they accept bank wires only. First Majestic is a good alternative for Canadians is more flexible on purchase amounts and payments but one has to be willing to wait sometimes up to 6 weeks and they only carry their own products.
Thanks John! May try and hold off till Tuesday then. Have already done well thanks to you and Daniel and Davincij15. Really appreciate all your insight!
Look at it as an intervention John. We all care about you and want you to maintain some hygiene regimen. Perhaps the bacterium from the silver bug has affected your brain....that's all we're saying. First you don't shave and then the hair.... what next, not brushing your teeth? No, step away from the charts John!
Hey, John... Where's your bud, Nuanceqwest, been lately? Didn't you guys have a bet going or something? Gold $US 1,140+, silver $US 18.30+, $US index 74.80- =^[.]^=
ps. it look like big move because Ben B came out to make reassurances ref the dollar not the treasury chair which is very unusual (see ft). Water falls of dollars will be being swapped for assets at this time , the question is when will the markets be satisfied and I cant see that happening anywhere yet.
john time to get your skates on, we have just hit $18.50, the dollar is dropping like a stone and theres some big buyers in play as well. looks like stage 3 of this 4 part edifice has begun.
i thought everybody was kinda on edge bec or the reports of fake gold coming out of my homeland. not china. just listened to adrian salbuchi on the collapse of argentina's economy and he has a lot to say about what is going on right now. including the nwo plans for a gold backed currency, but not just any gold. their gold with a chip in it.
i started buying gold, but its hard to save for it..
after the last ounce i bought, i walked away with 1 small bar.
even tho i know it's a smart move, i felt somewhere inside, why am i doing this?
i guess the reality hits people in many ways..
i just started buying silver. it's cheap, and it's still a precious metal, which is something of value.. and i look at it as a saving account, just like gold..
don't look at it to make money.. look at it as a way to keep your money..
you will make more money than you ever thought possible. i had already more than doubled my money in less than 1 year with silver, and much more is to come...
lets be honest silver is not performing at all, at the price its at you can barely call it a precious metal.
But according to natural ratios found in the earth it should be at least 10:1 with gold. So if it was sitting at say $80 an ounce that would sound about right to me and ready to goto about $150 in the near future, but $17.. what the hell...?
Yeah, it's crowded and murky in the lounge because 20% of the population has been segregated and squeezed into 1% of the "public space."
You hit my "hot button" w/that one! Bans are a Fascist plot to increase profits for pharmas and insurers - no danger in ETS, just "inconvenience" - which Ventilation laws could cure!
I couldn't agree more. I have no intentions on doing anything but buying as aggressively now because the leverage could be gone it this takes off...thanks again for the time you spend....
Aren't interest rates pretty good at the banks in Australia? Wouldn't you make more money in a conventional high yield savings with a lot more security than messing with gold/silver? Afterall the Australian $ is going up in value.
if you are thinking about doing some 'paper" trading, take a look at nat gas. the etf 'ung' would be a vehicle to use. from my perspective, a double bottom is being formed.
my personal preference for gold & silver is buying physical, certified gold coins. be careful about counterfeit stuff out there. i believe this bull market has years to run. (jmo)
Great video as always john. A lot of my friends are buying gold now thanks to me posting so many gold/silver videos on my facebook profile.. I hope the price don't go up too high .. because I want to buy 6 kilos by the end of the month - im still waiting for salary :)
Could it be? Has the government used tungsten in 400 oz gold bars to create gold out of thin air? If these rumblings have any traction, Gold will go thru the roof. : )
Thanks John.. particularly interesting vid this week (thanks).
All of us are basically giving our opinion here; some informed, some less informed. From my informed opinion, I do not believe gold is ever going down from where it is right now. It may go down a bit in nominal terms, but when considered against the dollar (or DJIA) I think gold will be relative to current pricing or higher for the foreseeable future, certainly is USD terms. Once it is priced in SDRs who knows.
I have an unofficial bet with Ira Epstein that Gold will hit $1248 by Xmas, he says $1200. Win or lose I still win.. now that's my sort of bet : )
Good vid as ever, John, and good advice to the ditherers out there. I've been buying for the last year and despite trepidations on a couple of occasions where I was about to buy LARGE amounts I am very happy that I followed my gut instinct on each purchase.
"Shillbasher"- Killa handle....I went through the same feelings during the last year but I have to admit I love proving the fools wrong all around me.
I'm OK with alot of people not wanting to buy into gold/silver. It just makes it easier for me to get it CHEAP while the rest of the globe is slowly awakening to what real money is and why fiat currencies don't work.
Our forefathers were right when they said use only gold/silver for money, because its too easy for a govt to get corrupted and just print what they want and give it to their buddies. I'd like to see'em do that with gold!
John, I just read the story on the counterfeit gold bars that are circulating, question, If this is real (And it looks to be) anyone with gold in a ETF has a real problem... Just another reason to hold physical.. anyway you guys look at the story as I would like to hear your thoughts..
Story: google search: Tungsten Filled Fake Gold Bars
I've been following that story. If the ETFs are holding tungsten fakes in their vaults for the "bling" factor, it would explain why they have such a hard time actually making delivery of physical bullion when pressed. You can't deliver what you don't have, even when you've been paid for it. ='[.]'=
tkx john...........you were one of the first channels i subbed to and it is because of the reports from you and others that i bought pm.........glad i listened......thanks for the reports.............
Everyone must keep in mind the long term trend. ..that is, gold and silver are in a 18-20 year bull market that started in ~2001. At this stage of the bull market, your timing mistakes will look silly in the long run. For example when silver goes to $100+, buying at $16.20 vs. $17.50 looks rather irrelevant.
agree John. it seems too many people are expecting a gold pullback and it may instead go much higher first. (just like bear markets. people often ride it all the way down waiting for it to recover to get out)
Great commentary, thank you. Obama is sucking up to the Chinese for more money. Apparently Timmy Geithner can't stomach the humiliation any more. If Obama fails we'll send over Barney Frank, he does this kind of stuff just for kicks, so is perfect for the job.
I have been recommending silver to everyone I know for 5 years now was also saying buy gold. Even though gold may still keep climbing I just don't trust it anymore. The IMF, World Bank etc. own over 65% of the gold they can impact the price if they want. They have less control over silver ... great post ... thanks
sadly ... very few listened to me and my own family thought I was nuts when I told them what I thought was coming. When I pulled all of my money out of the markets and banks 3 years ago they (my own friends and family) told me I needed help and should see someone... They still won't listen to me but at least they don't say that anymore ...
Ive been buying silver for the last 20 years and believe me, I know how you feel. For a few years I actually believed them until about 2 years ago I bitch slapped myself out of my pity party attitude. Its awesome to have a channel like this now. What a difference. "They still dont listen to me but at least they dont say that anymore" Gotta love it....
Great vid, thx. I was looking at treasurydirect though and saw upcoming auctions next week and there seem to be bill auctions monday and tuesday, and bill and note auktions mon, tue and wed the week after, am I looking at the wrong things here?
hmmm - ur right - when i looked at TD earlier there was nothing!
buggar - might put a damper on the POG - but still - its the smaller bills - the 10 and 30 years are the ones they have problems with and do their worst with on the POG
I'm a bit ashamed in that I've been a bit of a turn coat the last two weeks. I've bought about another ounce of gold. -But I got a little more silver too! It's hard to see the gold prices and know what's going to happen and not get the itch to buy more. :p
Now you've got me wondering if I should whip out the credit card and load up on silver this weekend .... grrrr!
Now how can that be? I still love my shiny white stuff....I'm just having a little fling with the yellow stuff on the side. No harm, all parties willing. lol
I am always astounded at how big Bob Chapman's package is when he makes calls like that too...but he always surprises me with how accurate he is...He may not always time it perfectly, but he is usually really close.
Do a search of Bank of Zambia and gold in google news and theres a recent article that suggest they're going to follow India and Sri Lanka to buy gold using their USD. Zambia has $1.7 billion in reserve
true. it seems vietnam wants their citizens to maintain the purchasing power by storing wealth in gold. this can mean vietnam is devaluing their currency to keep export advantage while their citizens' wealth is still maintain. smart move. china is doing the same with their citizens.
you copped 5 big ones from me because I lol in the public library at that guy at the end of your vid who was asked. "are you going to hold your position"? his answer yeah. yeaher.
U.S. getting ready to raise the debt ceiling in the next couple weeks, they want it raised high enough to get past next years election cycle, will be very good for the shiny stuff.
Read an interesting article today about counterfeit gold bars, tungsten being used as a filler. If this turns out to be true, what do you think might be the market ramifications? See Article14996DOThtml at marketoracleDOTcoDOTuk
Thanks for the response. That's good to hear. I've got a silver call option with an 18 strike that expires in 9 days, so a big Monday or Tuesday would be FANTASTIC!
You might not get a pullback here.. Its one of the most bullish patterns I have ever seen... It portending a currency collapse. Now, Obama is in Asia this week and perhaps they will take efforts to stem a collapse.
wait till it happens before being stoked ;) but yet - silver is like the jealous little sister to gold... just sits in the corner evil staring her bigger sister getting all the attention.... but when she reaches tipping point - watch out!
So it shot up to 46 now its back down around 30. Not 16 like when you made this but is it a good time to buy??
INIKALLEN 3 months ago
my car engine shat itself and its $2000 to fix and as i have no cash i think I'll have to sell a bit of my stash - but i dont wanna give the mint back any on their excessive spread - what would be the best way to sell it to benefit someone else and me (ie at spot - so we split the spread.)
Apparently PayPal takes 5% too - worse than the mint.
Has anyone got any ideas?
mallamoozoo 2 years ago
ill buy it off you at spot price.
stellaconcepts 2 years ago
Are you in perth
nathanblogs 2 years ago
Comment removed
mallamoozoo 2 years ago
I will be happy to buy part of your stash..
I am in perth...
hypobusa 2 years ago
Comment removed
mallamoozoo 2 years ago
ur profile says ur in Bulgaria
??????????
mallamoozoo 2 years ago
aslong as its recognized silver I'll be willing to buy at spot.
nathanblogs 2 years ago
Where are you located mate?
sa11ee 2 years ago
john, thanks for all your posts
nice and reasonable
your hair is more rakish by the day :)
greatwassim 2 years ago
if we pull back.....just keep buying....2015 is when you look to sell.....i do hope 400oz will buy a family home.
Stella, im confused on the ozzy property market....seems to be going nuts. tot it was toppy again ?
Ubreako 2 years ago
where u seeing it go nuts?
stellaconcepts 2 years ago
I think I heard Bob Chapman say $1200 gold was possible in the next couple of weeks too. He's always a bit cagey and qualifies his predictions with phrases like 'Posssible but not probable'. Thanks for the Dow/Gold vid previously StellaConcepts. That graph is one that tells the big long term story. Financial assets down and tangible assets (such as gold) up is the trend for the forseeable future. Will be interesting to see if Stock Indices crash nominally or assets rocket and indices trend up
ford7777777 2 years ago
hey John, I took your advice and took the plunge on buying silver, I bought 5 kilos of silver bullion on sunday before the big jump in price on monday. now just waiting for it to come in the mail, looking foward to your next video. thanks again
BadMonkeySyndrome 2 years ago
good work keep stacking
stellaconcepts 2 years ago
Do you think that bullion dealers can be involved in bullish "silver information manipulation"?
What reliable and accessible sources confirm shortages of physical silver?
How do you prove reliability of those information sources?
Do you think Perth Mint employee lies? If yes, what would be his reasons to do so?
Could you please comment on all this (here, or in you next video). Thank you.
kartabella 2 years ago
Any statement you get from the perth mint should be taken with a grain of salt in my opinion.
Im not saying they outright lie - im saying they would have "canned responses".
stellaconcepts 2 years ago
In my opinion - a shortage is when silver is not available at market prices. We saw that late 2007.
stellaconcepts 2 years ago
Hi John, a Perth Mint manager is said to say that Perth Mint did not - ever - experience any problem with sourcing silver! Silver arrives *regularly* from London (clip: "Bullion talk (about the Perth Mint. Nov, 2009)"
This contradicts reports about delays (did you report them, too? Or was it Ted Butler? Jason Hommel?) and puts the main silver shortage argument in question.
One of the pillars of the theory of bearish "silver price manipulation" is questioned here...
kartabella 2 years ago
Good call John this bull market has gotten away.
davincij15 2 years ago
it does look that way - we do have options expiry tho on monday - may see a pull back fri-mon.
stellaconcepts 2 years ago
John. I was just about to purchase more silver. Am I interpreting this correctly that it may be better to wait till friday or monday to get a better price?
Finally APMEX is now shipping to Canada.Only drawback is for Canadians there is a $1500 min. purchase and they accept bank wires only. First Majestic is a good alternative for Canadians is more flexible on purchase amounts and payments but one has to be willing to wait sometimes up to 6 weeks and they only carry their own products.
sarahsgift1 2 years ago
you may get a better price on tues, after options... but as this video says... its a bull market!
stellaconcepts 2 years ago
Thanks John! May try and hold off till Tuesday then. Have already done well thanks to you and Daniel and Davincij15. Really appreciate all your insight!
sarahsgift1 2 years ago
Nice, smart and funny comment about the silver comb, John ;)
sufisis 2 years ago
Buy gold? Son, you need to buy a comb... :)
rentonsentinel 2 years ago
until they start making silver comb's im not wasting my money ;)
stellaconcepts 2 years ago
I'm sure I can find you a silver plated comb!
Look at it as an intervention John. We all care about you and want you to maintain some hygiene regimen. Perhaps the bacterium from the silver bug has affected your brain....that's all we're saying. First you don't shave and then the hair.... what next, not brushing your teeth? No, step away from the charts John!
(kidding!!!) :-D
AfterTheFox75 2 years ago
what people dont see tho - is that hair your seeing has gel in it - after a fresh shower - i was feeling great... thats the way i do my hair!!
stellaconcepts 2 years ago
Oh relax John. We just love to tease you! It's out of the great respect and affection we all have -just something to have fun with. lol :-)
AfterTheFox75 2 years ago
ok ok - cold shower for me ;)
stellaconcepts 2 years ago
I hope that wasn't some dirty joke reference. If so, I'm shocked!! :P
AfterTheFox75 2 years ago
What timing you have!!!!!
Nice call on the $1 rise in silver...it's on to $19.50 and beyond!
darryllddflying 2 years ago 3
Hey, John... Where's your bud, Nuanceqwest, been lately? Didn't you guys have a bet going or something? Gold $US 1,140+, silver $US 18.30+, $US index 74.80- =^[.]^=
Raycheetah 2 years ago
he'll come out declaring the end of the gold bull if gold manages to have a down day :)
stellaconcepts 2 years ago
ps. it look like big move because Ben B came out to make reassurances ref the dollar not the treasury chair which is very unusual (see ft). Water falls of dollars will be being swapped for assets at this time , the question is when will the markets be satisfied and I cant see that happening anywhere yet.
pardonwhat 2 years ago
john time to get your skates on, we have just hit $18.50, the dollar is dropping like a stone and theres some big buyers in play as well. looks like stage 3 of this 4 part edifice has begun.
pardonwhat 2 years ago 2
LOL great clip at the end!
onemindonespirit 2 years ago
i thought everybody was kinda on edge bec or the reports of fake gold coming out of my homeland. not china. just listened to adrian salbuchi on the collapse of argentina's economy and he has a lot to say about what is going on right now. including the nwo plans for a gold backed currency, but not just any gold. their gold with a chip in it.
medini2 2 years ago
If anyone is waiting for the gold price to go down far, they might be waiting a LOOOOOOOOOONNNGGGG time. Perhaps years.
davfritz 2 years ago 4
Well put John..... if your buying physical and waiting for a 20 pullback, your gonna miss the big advance
frontier1701 2 years ago
we'll hold you to eating your shirt. You better do it on camera!
chroNick546 2 years ago
i started buying gold, but its hard to save for it..
after the last ounce i bought, i walked away with 1 small bar.
even tho i know it's a smart move, i felt somewhere inside, why am i doing this?
i guess the reality hits people in many ways..
i just started buying silver. it's cheap, and it's still a precious metal, which is something of value.. and i look at it as a saving account, just like gold..
don't look at it to make money.. look at it as a way to keep your money..
Donninator1 2 years ago 2
you will make more money than you ever thought possible. i had already more than doubled my money in less than 1 year with silver, and much more is to come...
donniebrasco24 2 years ago 2
John, I am a little nervous about the dollar having a little rally. Watch Bernanke's speech this week.
dellamalo 2 years ago
what do you have to be nervous about... if it rallies a little - so be it - pick up cheaper metals!
stellaconcepts 2 years ago
the dollar rallies are artificial and temporary...
donniebrasco24 2 years ago
Thank you for commenting on gold again.
tesskansas 2 years ago
watch for a creep before the CFTCs decision
bluedonkeyman 2 years ago
lets be honest silver is not performing at all, at the price its at you can barely call it a precious metal.
But according to natural ratios found in the earth it should be at least 10:1 with gold. So if it was sitting at say $80 an ounce that would sound about right to me and ready to goto about $150 in the near future, but $17.. what the hell...?
Danster82 2 years ago
agree!
stellaconcepts 2 years ago
NICE "bed head!" Rough night? lol
Loved the smokers lounge analogy.
Yeah, it's crowded and murky in the lounge because 20% of the population has been segregated and squeezed into 1% of the "public space."
You hit my "hot button" w/that one! Bans are a Fascist plot to increase profits for pharmas and insurers - no danger in ETS, just "inconvenience" - which Ventilation laws could cure!
Join us @ smokersclubinternationalDOTcom
if you are a comrade.
Otherwise,
KEEP STACKIN'!
MzProgressive 2 years ago
Love the dork at the end: "Yeah, (chortle) DUH!"
Brainman94 2 years ago
I see very strong similarities between the current GLD chart and the US steel chart before the meltdown.
stock-daytraders.blogspot. com
omarm1984 2 years ago
Lol....hahaha yeah, yeeaaaaaahh
halfasheep 2 years ago
I couldn't agree more. I have no intentions on doing anything but buying as aggressively now because the leverage could be gone it this takes off...thanks again for the time you spend....
snapsmedia 2 years ago
Aren't interest rates pretty good at the banks in Australia? Wouldn't you make more money in a conventional high yield savings with a lot more security than messing with gold/silver? Afterall the Australian $ is going up in value.
cityguyusa 2 years ago
I could make 5% a year in a bank.
I expect silver to do just a tad better ;)
stellaconcepts 2 years ago
But what about the loss of appreciation of the Aussie $ that you won't get in silver?
cityguyusa 2 years ago
firstly, see my video on hedging the fx risk so that your only exposed to the US movements.
secondly, the AUD wont be strong forever. its unnatural
stellaconcepts 2 years ago
Do you follow Steve Keen?
He see's problems ahead for the Australian economy.
NewsScanner 2 years ago
i have started recently actually yes
stellaconcepts 2 years ago
Great update. I bought silver for the long run - no patience required. Appreciate your efforts.
Cneumann22 2 years ago
Big scandel about the Fort Knox Gold - the 1% they use for minting, selling etc.....
Alot of these BIG bars have been filled with tungsten - this amounts to tonnes of Gold - the big mothers - being mostly fake.
Blog FOFOA for further info.
dojufitz 2 years ago
Thanks ! 5*
ray12970 2 years ago
Silver must hurry and rise!! My patience is growing thin.
CASTILLOM1 2 years ago
you need patience in this game.
stellaconcepts 2 years ago
Average in on the way down.
InTheSticks1881 2 years ago
if you are thinking about doing some 'paper" trading, take a look at nat gas. the etf 'ung' would be a vehicle to use. from my perspective, a double bottom is being formed.
my personal preference for gold & silver is buying physical, certified gold coins. be careful about counterfeit stuff out there. i believe this bull market has years to run. (jmo)
jhi1947 2 years ago
Great video as always john. A lot of my friends are buying gold now thanks to me posting so many gold/silver videos on my facebook profile.. I hope the price don't go up too high .. because I want to buy 6 kilos by the end of the month - im still waiting for salary :)
ahmedvienna 2 years ago
I would be surprised to see silver get to 16 or even 16.20 --- Most of us would start buying it in the 16.50 range. Great video!!
William
Stealth0031 2 years ago
i continue to buy regardless of spot price at the moment.
stellaconcepts 2 years ago
Agreed!! :)
Stealth0031 2 years ago
Could it be? Has the government used tungsten in 400 oz gold bars to create gold out of thin air? If these rumblings have any traction, Gold will go thru the roof. : )
pupilofreality 2 years ago 6
hard to believe but the rumor is gaining traction.
stellaconcepts 2 years ago
How's it gonna be proved? Auditing Fort Knox inventories will be like auditing the Fed!
Brainman94 2 years ago
Thanks John.. particularly interesting vid this week (thanks).
All of us are basically giving our opinion here; some informed, some less informed. From my informed opinion, I do not believe gold is ever going down from where it is right now. It may go down a bit in nominal terms, but when considered against the dollar (or DJIA) I think gold will be relative to current pricing or higher for the foreseeable future, certainly is USD terms. Once it is priced in SDRs who knows.
Eraser7622 2 years ago
I have an unofficial bet with Ira Epstein that Gold will hit $1248 by Xmas, he says $1200. Win or lose I still win.. now that's my sort of bet : )
Good vid as ever, John, and good advice to the ditherers out there. I've been buying for the last year and despite trepidations on a couple of occasions where I was about to buy LARGE amounts I am very happy that I followed my gut instinct on each purchase.
ShillBasher 2 years ago
"Shillbasher"- Killa handle....I went through the same feelings during the last year but I have to admit I love proving the fools wrong all around me.
Motoicon 2 years ago
I'm OK with alot of people not wanting to buy into gold/silver. It just makes it easier for me to get it CHEAP while the rest of the globe is slowly awakening to what real money is and why fiat currencies don't work.
Our forefathers were right when they said use only gold/silver for money, because its too easy for a govt to get corrupted and just print what they want and give it to their buddies. I'd like to see'em do that with gold!
surviveTHEtimes 2 years ago 4
Well - erm - they did - they confiscated the gold in the past and THEN the price blewout. Nice little trick!
Brainman94 2 years ago
John, I just read the story on the counterfeit gold bars that are circulating, question, If this is real (And it looks to be) anyone with gold in a ETF has a real problem... Just another reason to hold physical.. anyway you guys look at the story as I would like to hear your thoughts..
Story: google search: Tungsten Filled Fake Gold Bars
ziggysisland 2 years ago 2
@ziggysisland
I've been following that story. If the ETFs are holding tungsten fakes in their vaults for the "bling" factor, it would explain why they have such a hard time actually making delivery of physical bullion when pressed. You can't deliver what you don't have, even when you've been paid for it. ='[.]'=
Raycheetah 2 years ago
The easiest investments you'll ever make` buy and hold.
brodudemonkey 2 years ago 3
Hi John here with ROSTER hair lol.
See ya in the smokers lounge :o)
5✬✬✬✬✬
GuildF40 2 years ago 2
Silver at current prices is a good buy... would recommend anyone to purchase silver now.
lizadfuel 2 years ago 4
tkx john...........you were one of the first channels i subbed to and it is because of the reports from you and others that i bought pm.........glad i listened......thanks for the reports.............
skybirdbird 2 years ago
Everyone must keep in mind the long term trend. ..that is, gold and silver are in a 18-20 year bull market that started in ~2001. At this stage of the bull market, your timing mistakes will look silly in the long run. For example when silver goes to $100+, buying at $16.20 vs. $17.50 looks rather irrelevant.
Thanks John, keep it up!
EquilibriumTheory 2 years ago 6
@EquilibriumTheory Good Point ! Thanks
ray12970 2 years ago
Sure, but you could buy 8% more silver at that lower price. :)
kricke243 2 years ago
Great video John. I love the smokers' lounge analogy:)
fal2grace 2 years ago
agree John. it seems too many people are expecting a gold pullback and it may instead go much higher first. (just like bear markets. people often ride it all the way down waiting for it to recover to get out)
LysSpooner 2 years ago
Another great vid.
Thanks
cpgone 2 years ago
Great commentary, thank you. Obama is sucking up to the Chinese for more money. Apparently Timmy Geithner can't stomach the humiliation any more. If Obama fails we'll send over Barney Frank, he does this kind of stuff just for kicks, so is perfect for the job.
thirdcoastguy 2 years ago
Thanks John, I also watched you on Daniels channel and subcribed. Thanks for your thoughts.
bossduff 2 years ago
thanks for the silver update john loved the ending
cv1122 2 years ago
yeaah.... YEAAAAH!
;)
stellaconcepts 2 years ago
Great Stuff, as usual.
The end of the video is too funny - I've seen the interview with this guy a few days ago, but you cut it really nice!
Yah, Yahhhaaaaa. ;)
MrZ421 2 years ago
what I think is so funny is people in the main stream saying gold is a bubble - I heard a few people saying gold is a bubble
popomp1 2 years ago
yea i crack up at that - the dow can rally 40% and its a recovery - gold goes up 10% and its a bubble ;)
stellaconcepts 2 years ago
After that awesome vid on VV how could I not subscribe? Thanks for the update.
InterestingBoredom 2 years ago
thank you for the sub!
stellaconcepts 2 years ago
I have been recommending silver to everyone I know for 5 years now was also saying buy gold. Even though gold may still keep climbing I just don't trust it anymore. The IMF, World Bank etc. own over 65% of the gold they can impact the price if they want. They have less control over silver ... great post ... thanks
rickeypickles 2 years ago
smarter man than I - i've only been in the game just over a year
stellaconcepts 2 years ago
sadly ... very few listened to me and my own family thought I was nuts when I told them what I thought was coming. When I pulled all of my money out of the markets and banks 3 years ago they (my own friends and family) told me I needed help and should see someone... They still won't listen to me but at least they don't say that anymore ...
rickeypickles 2 years ago 5
Ive been buying silver for the last 20 years and believe me, I know how you feel. For a few years I actually believed them until about 2 years ago I bitch slapped myself out of my pity party attitude. Its awesome to have a channel like this now. What a difference. "They still dont listen to me but at least they dont say that anymore" Gotta love it....
Motoicon 2 years ago
Great vid, thx. I was looking at treasurydirect though and saw upcoming auctions next week and there seem to be bill auctions monday and tuesday, and bill and note auktions mon, tue and wed the week after, am I looking at the wrong things here?
flatnerd 2 years ago
hmmm - ur right - when i looked at TD earlier there was nothing!
buggar - might put a damper on the POG - but still - its the smaller bills - the 10 and 30 years are the ones they have problems with and do their worst with on the POG
stellaconcepts 2 years ago
great hair
dominicjan 2 years ago 4
2nd for best hair ever! You rock John, thanks for the update mate!
dapuma71 2 years ago 6
Sa-weet!!! A silver and a gold update. :-)
I'm a bit ashamed in that I've been a bit of a turn coat the last two weeks. I've bought about another ounce of gold. -But I got a little more silver too! It's hard to see the gold prices and know what's going to happen and not get the itch to buy more. :p
Now you've got me wondering if I should whip out the credit card and load up on silver this weekend .... grrrr!
AfterTheFox75 2 years ago
Saboteur!
stellaconcepts 2 years ago
Now how can that be? I still love my shiny white stuff....I'm just having a little fling with the yellow stuff on the side. No harm, all parties willing. lol
AfterTheFox75 2 years ago 2
holy $#!t you did pick up a few subs since VV. was only a couple of months ago you passed 2000... well done your rolling now.
RightBrainSane 2 years ago
I'm going to be lounging and smoking some wacky tobaky next week right after i buy 84 oz. of silver.
oldreliable1 2 years ago
keep stacking!
stellaconcepts 2 years ago
Best hair ever :-)
CelticReject 2 years ago 5
john can you please make a video on the trading software/account and that kind of think you use to trade?
Please!
Decebal825 2 years ago
your not the first to ask... i will put something together
stellaconcepts 2 years ago
I am always astounded at how big Bob Chapman's package is when he makes calls like that too...but he always surprises me with how accurate he is...He may not always time it perfectly, but he is usually really close.
Motoicon 2 years ago 3
agree - bobby puts them on the chopping block every so often and normally doesnt dissapoint
stellaconcepts 2 years ago
thanks
longltran 2 years ago
awesome
thanks for the updates mate!
galikazoid 2 years ago
Thanks John
whiskerchild 2 years ago
Do a search of Bank of Zambia and gold in google news and theres a recent article that suggest they're going to follow India and Sri Lanka to buy gold using their USD. Zambia has $1.7 billion in reserve
4rcane 2 years ago
vietnam used to banned gold import but now they removed that banned.
gold is breaking record high everyday. as of today it has settled to $1118.50 an oz.
KhmerD0g 2 years ago
yea, which will mean vietnamese will be putting pressure on the buy side of global market for physical gold
4rcane 2 years ago
true. it seems vietnam wants their citizens to maintain the purchasing power by storing wealth in gold. this can mean vietnam is devaluing their currency to keep export advantage while their citizens' wealth is still maintain. smart move. china is doing the same with their citizens.
KhmerD0g 2 years ago
cftc rules re short/long positions come out early december. should see a price rise then for sure, possibly before
1mealperday 2 years ago
thanks
bowtie728 2 years ago
I love listening to intelligent people.
shouldlistentoronpau 2 years ago 3
you copped 5 big ones from me because I lol in the public library at that guy at the end of your vid who was asked. "are you going to hold your position"? his answer yeah. yeaher.
ShaneChiswick 2 years ago 3
that interview was gold!
stellaconcepts 2 years ago
great information as usual thanks.
1TheTruthChannel1 2 years ago
U.S. getting ready to raise the debt ceiling in the next couple weeks, they want it raised high enough to get past next years election cycle, will be very good for the shiny stuff.
glassman1313 2 years ago
agree - this baby just getting heated up
stellaconcepts 2 years ago
Read an interesting article today about counterfeit gold bars, tungsten being used as a filler. If this turns out to be true, what do you think might be the market ramifications? See Article14996DOThtml at marketoracleDOTcoDOTuk
hunt1803 2 years ago 4
yeap. i dont know what to make of this rumor... if its true - scandel!
stellaconcepts 2 years ago
What about the fact that PM's have been getting hammered on delivery weeks? Isn't next week a delivery week?
REDEMPTIONthreadz 2 years ago
i think the week after next... and yes... but next week i think will be a big week
stellaconcepts 2 years ago
Thanks for the response. That's good to hear. I've got a silver call option with an 18 strike that expires in 9 days, so a big Monday or Tuesday would be FANTASTIC!
REDEMPTIONthreadz 2 years ago
You might not get a pullback here.. Its one of the most bullish patterns I have ever seen... It portending a currency collapse. Now, Obama is in Asia this week and perhaps they will take efforts to stem a collapse.
wepollock 2 years ago 3
yeap - i agree - pullback unlikely with gold...
stellaconcepts 2 years ago
google fake gold investigation. Fake gold coins also from china and to china
1mealperday 2 years ago
Holy smokers lounge...A currency collapse already? Is this something you see fairly soon, and if so, why do you think that?
Motoicon 2 years ago
Really nice to hear a silver update!
I'm stoked for silver breaking 19 and then flying up to catch up to the normal gold/silver ratio.
drutter 2 years ago 2
wait till it happens before being stoked ;) but yet - silver is like the jealous little sister to gold... just sits in the corner evil staring her bigger sister getting all the attention.... but when she reaches tipping point - watch out!
stellaconcepts 2 years ago
sweeeettt
fatpius 2 years ago
what about platinum? its really lagging too
GovWillKillU 2 years ago
i dont follow that metal... but basically, this is golds turn to shine - no double silver will have its turn - and maybe platinum.
stellaconcepts 2 years ago
is there more clip of the last few secs of the guy responding to, are you going to sit on your gold position, yeah
4rcane 2 years ago
its some vid i found on yt... it was a pretty good interview but i dont have a link sorry
stellaconcepts 2 years ago
watch?v=4SEOMMdZ1sI
AfterTheFox75 2 years ago
good points, as usual
GovWillKillU 2 years ago 2
thanks john....smokers lounge!!!...love it!!!..smokem if you gottom boys....lol...take care bruce, tokyo
bjmccullough 2 years ago
Good video. Thanks.
JOHNNYH8STHENWO 2 years ago 2
There isn't going to be a pullback, buy it now.
stormcrow2525 2 years ago 4
i tend to agree
stellaconcepts 2 years ago