Gold & Silver 1000:1 -The Greatest Wealth Transfer in History

[xcvsdxvsx]

"wealth can never be destroyed" that is unbelievably false, any time anyone drops a bomb wealth is destroyed.

[Econofresh]

@ingeniousElf the us can't go back to the standard. It's to late. The current dollar must diee first and a new currency has to be created linked to gold. But the question is where will they get the gold from? The citizens sure don't have that much and the fed's vaults are empty. I'm a fan of Ron, but he won't be able to do what he says he'll do. And if he wins PM's will skyrocket.

[Econofresh]

@9pt9 It's not just silver for me, it's the history behind them. And no new coin or bullion looks as nice as they do. Just bought 12 victoria crowns today and damn they look great!

[IngeniousElf]

@ whygoldandsilver - Mr. Maloney has stated that IF we were to go back to a gold standard for the dollar it would have to be at LEAST $5,000 an ounce if not greater.

Question: Jim Grant the guy Ron Paul wants to put as Fed Chairman said he would like to put forth a 3 year plan to put us back on the gold standard where gold will be $2500 per ounce. What do you think of that?

Lastly, if we go back to a gold standard what happens to the price of gold/silver before they go back on the standard?

[surajyoyo]

Hi! I am particularly intrigued by when Mike states 25 oz. of gold could purchase commercial real estate in Berlin during the hyperinflationary episode. I was just wondering if Mike, or someone else could recommend a book or a site where I could see these figures? Like how much real estate was during this time or how much gold/silver could purchase however much real estate? Any help would be greatly appreciated. Thank you.

[felixdov]

Whenever I feel a little - weak, a good talking to from Mike gets me right back in the groove...

[benjiheads]

lololoolololol

[Econofresh]

I only buy numis coins. I collect all 5 frank/lire/mark coins pre 1900 and silver dollars and victorian crowns. And when silver dropped 20 dollars, the coins didn't drop in value! And they are harder and harder to find. I've got one serious nice looking collection! Which will break my hart if i ever need to sell them...

[9pt9]

@Econofresh I'd Sell them now while you can get top dollar on the numis and by regular coins and bullion with the profit!

[onassi]

@CTKLG a silver ounce buys you the same amount oil at the pump today as it did in the 70's amongst commodities, gold/silver maintains the purchasing power. but that gold will increase in purchasing power when put up against stocks and real estate. if you hold nothing but dollars, you will loose purchasing power daily against everything. so even if bread goes up in price, you will not need to spend more gold everyday to buy the same food

[WreakingHavoc1]

As for Mike's friend who lost money in numismatics - DID HE KNOW WHAT HE WAS DOING? Numismatics is a more specialized market and thus takes a higher level of knowledge to succeed in. If you buy mediocre coins, then yes, you stand a good chance of losing money. But rare gold coins graded MS 65 or higher have outperformed all other investment classes over the last 30 years on average. However, I would never advise anyone to buy less than a 69 grade. You need to know what you're doing.

[WreakingHavoc1]

I still (and will always) disagree on numismatics. Mike can envision a scenario... Ok, I can envision a scenario too. I can envision a scenario where all the gold & silver bullion and even platinum are bought up in a global hyperinflation and numismatics are the last place to protect your money. They exceeded the value of gold in the '71 to '80 bull market and I think they will easily do so again. And now with the grading and certification the numismatic market is even better.

[Kenzofeis]

In the gold rush in Yukon an egg cost a dollar, in gold. Long time ago, imagine it. It was a luxury, and woe to those who got drunk and spent their all on luxuries. Most did not find any motherlode, most had to go around ask for work or - try to import a cow or some chicken, of course, no small task. Just some tiny bit of learning.

[MalibuLimo]

As a big fan of mike, I just took the ultimate risk of selling all of my bullion, because I'm starting a new business venture. Im certain of a deflation before inflation, so I'm hoping I'm right, because if something crashes before May Day, I will have missed out.

[CTKLG]

Gold will go to 10,000USD / Oz. When a loaf of Bread costs 1000USD.

Worthless dollars.....are still worthless dollars....it's all a matter of zero's.

[Frdmstang]

Silver dipped yesterday and I had it in my "cart" ready to checkout and hesitated. It's back up today and I missed out on a good bargain. Stupid me.

[AcresofAnarchy]

@Frdmstang Well Mikes friend Streetmoney21 has a vid suggesting a fall to $17. Even if it doesnt fall that far something tells me youll have PLENTY of opportunity to get "bargains" soon.

[OtagoMark]

Actually Wealth can be destroyed...

[heldenkatze]

where can i find the whole video?

[bullshit3118]

Ok on a critical note. Mike is saying if you don't physically hold it, you don't own it. Yet he offers to store gold for customers in vaults in London, Zurich, etc through his Gold Silver company. This is the same type of jargon we got from Celente and look what happened. Basically, Mike has a few options to make money in the gold/silver markets: be a salesman/marketer and a seller of the commodity. Be wary of salespeople and paying for these services with such obvious contradictions.

[whygoldandsilver]

@bullshit3118 There is a BIG difference between holding segregated physical bullion in a vault outside the banking system...and a leveraged trading account with nothing backing it up except a lot of hot air. Some customers own literally tons of bullion, burying that in the garden just isn't an option.

[bullshit3118]

@whygoldandsilver Nevertheless, it is not held by the owner. Where are these vaults and who owns them. Are they rented out by Gold/Silver? I know Mike is for the middle class guy trying to buy physical, don't get me wrong. Its just these sales pitches that are obviously contradicting some of his primary arguments against storage in foreign facilities via certificates, etc. And the only persons we know owning "tons" of bullion are the central banks, big timers, and nations.

[TonyBeanify]

@whygoldandsilver I'm interested in this "vault service" because of my country tax policies, and would like to know more. Lets say if all the customers who store their PM in your vault suddenly decide to take all their PM out at once, could you manage to give all their PM back?

[whygoldandsilver]

@TonyBeanify We do not store metals at all, but we do help customers organise accounts with third party vaults whom we trust to deliver exceptional service and security. Only the best will do. Be very wary of any dealer who offers to store your gold and silver for you themselves. This is where the potential for Mr Ponzi resides. History teaches us so.

[UnitedCorpOfAmerica]

@whygoldandsilver "whom we trust to deliver exceptional service and security" what was conveniently missing was... "...service and security in the CURRENT marketplace"

[UnitedCorpOfAmerica]

@whygoldandsilver In a paper crisis you won't get your PM's... ever. It's a piece of paper that says you own it, paper crises means fiats and many/all contracts.

[TWSceptic]

@bullshit3118 It is not a contradiction. Large quantities simply need a better place than in your house or buried in your garden. Obviously theft is an important factor here. But you can still do 50/50 at home/remote vault.

But you mentioned Celente, actually that is apples and oranges because Celente had FUTURES. Which is completely different from storage, and has much greater risk. So you may need to to more research before giving these 'critical notes'.

[bullshit3118]

@TWSceptic No, I think you need to do the research. Gold/Silver also acts much like a reserve/holder of precious metals, which MUST have the gold in its possession for delivery if the customer wants it. By paying Gold/Silver money with the promise it actually HAS the metal in its rented vaults for delivery, technically it's the SAME risk factor. I understand futures markets and I know Maloney is not a futures trader. Not saying Maloney is immoral, but you dont HOLD your gold. period.

[TWSceptic]

@bullshit3118 You may perceive it as the same, but really it isn't. Futures & ETFs have greater risk. Having said that, I personally do not trust anyone or any company.

[bullshit3118]

@TWSceptic I already told you, I understand what a futures contract is. I am talking about the premise of physical delivery. Having said that, I agree with you on not trusting any company to hold my gold and silver. Unless your a gazillionaire and gold is a minority of your portfolio, I'd never trust it in London, Hong Kong, and the like-these are schiester centers of the world.However, Maloney is very well versed in monetary matters. I think that is his real "service" for sale here.

[TheUltraNinja]

WRONG!!! Numismatics are great!!! Just make sure your ONLY paying gold spot price for them!!! Eg. British Gold Sovereigns! There easier to carry and be use for exchanging goods!

Remember: Only Pay Gold Spot Price for them and your good.

[bullshit3118]

@TheUltraNinja What seller of numismatic coins sells at spot price? That is absurd.

[puapake]

@bullshit3118 I think he said there will be a time...let's say when the spot price is hundreds of dollars. People will look for the best value and the large premiums will shrink.

[bullshit3118]

@puapake I know that from Mike's talks about numismatics in this way, but this guy it talking about buying at spot price right now, not in the context of hyperinflation.

[TheUltraNinja]

@bullshit3118 Here you go: perthmint com au/metalPrices.aspx

scroll down & look at the price of Full Sovereign, that's spot. I made them separate about 100 sovereigns starting from the earliest dates to the later! I laugh when I go down to the local Coin store and see some of my coins being sold for over $200+ spot. I once said that I have a bunch of these coins that I purchased for spot at my end & they gave me nasty looks & couldn't wait for me to get out :) )

[bullshit3118]

@TheUltraNinja I see what you mean, but that is a very rare case and it's an Australian mint. I wont buy from the Aussies because of shipping to America and the problem of value as an easy exchange in the coming hard times. And I went to my local coin dealer and they re a total rip off. lol I can totally relate to the dirty looks. They are not honest dealers, consumers be wary. ;)

[hagbard72]

Gold and silver just fell off the cliff. Time to buy?

[silverkosta]

I can buy silver fore 40bucks with the tax refund right now!! The 29 dollar net price means shit!!

[smuralisankar]

When was this event held? Can you upload the entire video please?

[VICSWEB1]

well silver is is down 2 % for 2011

[Wildpony98]

So when are we going to see this big run up ? Im talking $500 or way higher, not just $125-$200 (where imo it should be already), and can we have both ie "$500 silver" without having $10-$15 gas, bread, milk, eggs ? In other words can I be bullion rich without still being poor in other areas ? It would be nice to get ahead of the curve for once and by more than just a little bit.

[Tasadaru]

25 gold ounces for a whole city block!? Wonder how it will be for silver.

[jovanbiljon]

@Tasadaru Well he's said the ratio of gold and silver will correct to a 1 to 10 ratio so 250 oz of silver.

[Tasadaru]

@jovanbiljon Shoot! I have 500 ounces that I saved up over the last couple of years. Maybe I can have my own town. I'll call it . . . Aiur (for all the starcraft fans out there).

[NuclearSiege]

Does the derivatives count as wealth? When that collapses is that a transfer or a black hole sucking those figures out of existence?

[TheBullionBull]

@NuclearSiege Most derivatives are never really paid, they are just a kind of bet or insurance. Like if you have $3,000,000 term life insurance and you don't die during the term, 3 million was not really destroyed. However if the whole system of derivatives crashes, that will take under many major banks and brokerages would fail and that would be a transfer/destruction of wealth.

[MrApplewine]

Wealth can be destroyed. If you physically destroy something that has value you just destroyed wealth.

[D33Lux]

@prefontainel OMG finally someone who gets it. That's exactly it, paper money isn't issued by the governments tax free, it is issued by banks with interest to be repaid. Not only that they have the corrupt government on their side allowing for fractional reserve banking & creating debt out of thin air (credit cards & loans) with everyone's money. What a racket!

[hendo19742]

WEALTH LIKE ENERGY IS NOT DESTROYED ONLY TRANSFERRED!

[EndTheResistance]

2012 Year of the Dragon = Silver to be in hot demand.

[ark2018]

wouldn't you worry about price of oil/other expenses going up, and essentially destroying the profit from the mining company?

[9pt9]

Will gold and silver skyrocket only in the face of a USD crisis or does he expect it to for other reasons?

[D33Lux]

@9pt9 We live in a finite universe where everything gets consumed. The way the world is going technology has becoming an unshakable part of life. Like it or not (which some things I don't like ie: cell phones, credit & debit cards,) will be with us for some time. Anyone ever heard of palladium & cold fusion well look it up because that will be the next major player in the PM world. PM is essential to our lives, paper is what we use to wipe our bums with. Paper money value is an illusion.

[IronicallyVague]

A question I have?

Does anyone have any idea where the majority of the Gold being bought at those "scrap gold" stores is being sent?

[whygoldandsilver]

@IronicallyVague Possibly Jamie Dimon's house... :D

[D33Lux]

@whygoldandsilver LOL ha ha ha!

[TheSnoopygecko]

@IronicallyVague Bets it is going to China!Buying on the Back side so the price remains low!

[edmack4me]

@IronicallyVague China and India mostly some to Russia.

[D33Lux]

@IronicallyVague It goes to many sources, from what I was told. The metal is separated by karat, then mixed to get to a .999 purity. Depending on the metal it is sold to company's, jewelers, dentists & large investors. Its cheaper to buy in large sizes. I recall going in to buy some PM & he had 9 - 1kg gold bars he said it was for a wealthy investor. The big players don't nickel & dime they're buying buy the kilo. Banks are buying by the Ton, that's says alot.

[elysianfury]

@IronicallyVague that's a great question. a webuygold spot near me the guy says he trips to his "melt guy" twice a week. He won't tell me who it is or how many other clients this melt guy has. and who he sells it to, etc

[ivangrozny27]

Oh and is there really a big difference between unallocated and allocated bullion? At the end of the day, companies like goldmoney (who say your bullion is allocated) are tracking the COMEX price so what difference does it make? people are still getting shafted. Goldmoney seems like it's little more than an ETF

[ivangrozny27]

hang on a sec.......in a panicky deflationary spiral, if you have to choose between selling your house and your silver bullion, you'd sell your bullion, just like you would your numismatic coins, which will lead to a big pile of silver being dumped on the market and a big price fall.

[D33Lux]

@ivangrozny27 How many people you know who have thousands of oz's of gold or silver? There's less than 2% of the world investing, most of investors are millionaire's & billionaires.The average person is busy shopping & watching tv Where's this big pile because where I buy my PM they ran out of 100/oz silver bars & there's a waiting period. Premiums are very high over $100 on gold & silver is $3-5 over spot per oz price & that's with gold/silver prices coming down. Why is that?

[devided1001]

@D33Lux Yeah where is that place that runs out of 100 ounce bars because that is what happens at the Perth Mint Western Australia as well?

[ivangrozny27]

@D33Lux im just worried and trying to look at all sides before i buy more silver. I believe Karl Denninger said that massive deleveraging would affect all asset classes (even commodities) and lead to big declines. Fine if you're a multimillionaire/billionaire because you can ride out a deflationary storm but small fry like me would be wiped out

[tom01727851588]

is it worth buing physical silver with 20% tax. i live in the uk, CAN SOMEONE PLEASE HELP.

[myusernameisluc]

@tom01727851588

Google "silver tax free gold" and click the top result. Not all silver is taxed in the UK.

But yes, 20% tax would be worth it.

[firefox666moll]

@tom01727851588 you know have help , it is worth buying silver regardless of the vat , it just means we don't get as much silver as let's say some one in Canada or the states , you still get the vat back when you sell it , i made money on my silver when they increased the VAT two and a half percent, plus the premiums keep on rising , go to my YT site , you will learn a little their, if you need further info , leave a question at my in box , good luck and get stacking.

[IronicallyVague]

@tom01727851588 - I prefer Gold but I'm not going to argue with silver fans

[edmack4me]

@tom01727851588 Sure, you're just paying a higher price and when you sell it will be fore a higher price also.

[D33Lux]

@tom01727851588 How does the tax work? Does it apply even on imports? 20% tax is extremely high & shows how dishonest governments are. It might be easier to buy sterling silver jewelry or cutlery at pawn shops or on buy and sell sites on the internet if the tax is exempt on these items.

[colpward]

@tom01727851588 how much are you looking to buy? bullionuk is about the cheapest for uk deliveries if buying upto a few hundred oz. if you are buying a lot, i take the ferry to guernsey and stock up 1-2000 oz at a time and just drive back without declaring this saves a lot and more than covers my fuel, couple of days stay, ferry etc

[D33Lux]

@garryjlindsay LUCK! LOL it must have been those crooks raising margin requirements that sent people cashing out of ETF's & into cash. There is no timing in a manipulated market, no fair market, no need for them to have physical bullion or coins for people who wish to take delivery and now JPM are the one's who have received that money from the MF global scam. They might return some of the money, but after a 28% fee on all accounts...that's THEFT!

[D33Lux]

@prefontainel I don't get it, some idiot with no links & nothing backing other than opinion has many peeing their panties & jumping ship. Question is what else can one invest in, stock market paper PM markets are a scam (MF global), if you invest in 401k you run the risk of having the government lower or take away pension. Then if you invest anything you need to pay capital gains taxes so you make nothing. I was thinking of buying some ETF's but after that MF global scam forget it.

[D33Lux]

@garryjlindsay Paper markets. Physical precious metal sales are higher than they've even been. How the hell could the price be going down when just silver eagles sales alone have been the best since 25 yrs. Paper & digital markets ARE MANIPULATED!

[D33Lux]

@garryjlindsay Its obvious who the majority of PM speculators are. The majority of you seem to be band wagoners who are the same people who got into the stock market & housing market because you think its a get rich quick scheme. PM is a preservation of wealth. To me this pull back is a buying opportunity like back in late 2008 when silver pulled back from $21 back down to $9 I bought in at all levels. Bottom line some people know the game others don't & never will

[EXP0SEtheFRAUDS]

Mike, wish I could drink some more port wine with you. I could listen to you for hours about the scams of Wall Street, hahahahah. - Chris from theweeklytelegram

[whygoldandsilver]

@EXP0SEtheFRAUDS Hi Chris, great to see you on here!

[gijs370]

@whygoldandsilver I'm living in the Netherlands, and they increased the tax on bullion-silver to 19%. Even if i import it from goldsilver(dot)com

I'm reluctant to buy more because of this tax. However since silver is not considerate as money anymore i won't have to pay income-taxes (1.33% a year).

I still have to pay 1.33% taxes on gold every year. Should i buy gold instead?

[charronfamilyconnect]

Money is merely transferred from one perception to another".

Gordon Gekko (Wallstreet movie).

[D33Lux]

@prefontainel I think people are focusing on silver/gold as strictly money like everyday paper & coins to purchase things. What people FAIL to see is that without these metals we won't have the fundamentals to run the technology we use everyday. You could have all the paper money in the world, but if you don't have the resources what are you going to use inside of computers, cell phones, cars, solar panels. People don't realize without any metals there would be no technology.

[gijs370]

@prefontainel I look at it the same way.I'm trying to save to pay off my mortgage but I'll be a fool if i do this in euro's. So i own silver/gold but i won't buy above market value (i always subtract investors-demand), i buy other commodities instead.

Mike Maloney thinks people will trade their houses and cars to get silver. Maybe so, but i hate it when he makes it look like it will be a sure thing. It is not, people may react differently when this metal is used as money again.

[D33Lux]

Physical silver is selling at all time highs & the price is coming down, you'd have to be an idiot not to think there's a market manipulation. Back in the 70's the world population was roughly 4 billion, there was no computers. Now everything has some computer device in it. The uses of silver in the past decade are astounding, from band aids to clothing, washing machines/dryers, solar panels, cell phones, cars...etc The consumption of silver, gold has gone up, how could the price go down!

[karenbcz22]

@D33Lux It is what it is ... and it's DOWN. AU $1593.90/oz. - down from $1900. AG 28.68/oz. - DOWN from $49.00.

I wouldn't buy bars of Silver if you GAVE me the money!

I mean really! What kind of investment is this, really?

"Long term"?? How many YEARS would that be?

Will AG get back to $50?

Before I die?

[D33Lux]

@karenbcz22 WRONG! Not it ain't what its supposed to be because there's market manipulation do you understand what that means? Obviously NOT, there is NO FAIR MARKET as difficult as it may seem for you to digest. Did you not listen THE FED HAS NO GOLD, MF global RIPPED off peoples gold accounts how is that a FAIR MARKET its ILLEGAL. Sheesh, you're basing everything on opinion show me some FACTS on paper or web links. Check my channel for FED has no gold vid. I'm done! you're dense.

[myusernameisluc]

@karenbcz22

Ever heard of the investment principle "buy the dips"? You prefer to buy when it is up?

[SuperTripps]

@D33Lux its hilarious aint it? paper markets/ETFS/Futures crashing the last few weeks - john paulson dumping all his gld worst performance by a hedgie in a long time

[Crownw3]

@D33Lux

"The consumption of silver, gold has gone up, how could the price go down!"

It's due to the euro crisis compounding a situation where paper longs are exiting the market due to systemic concerns raised by the MF global fiasco.

This may be the point at which we see a divergence in the price of physical versus paper PMs.

[fallenspirit123]

@Crownw3 Silver manipulation by shorting of the big banks. check out gata.org.

[gijs370]

@prefontainel But then it will be a bubble. So you are expecting a speculative bubble. Sorry but those a hard to predict. You could of course know when you are in a bubble if you understand the fundamentals.

Silver is not in a bubble right now, because mines are just barely profitable. When demands grow because of some new market then it is legitimate growth, not when people own it because they think it is going up.

[lgarvey1979]

Silver is down to £18.34 / oz. The pull back keeps pulling back, and I'm getting nervous.

What are you guys predicting for silver in 2012?

[D33Lux]

@lgarvey1979 What isn't getting smashed, the Eurozone is in crisis. Look at the fundamentals of things what is paper money FAITH that someone will accept it as a means of value. How old is that paper money you own vs gold/silver which are over 5000 yrs old. We are possibly going to see more deflation, but its an illusion the only reason economy's haven't collapsed is because of the ability to manipulate digital markets & money printing. Eventually people will lose everything!

[lawes84]

@lgarvey1979 Its impossible to calculate, but $21/oz could be the potential bottom. But silver is now 40% below this years high. Just remember that when silver breaks $50, its of to the races...

[fridge1914]

i really like the you tube looneys but... i wouldnt have business association with them.

[CrooksWithoutBorders]

Nice that the PMs are dropping again, time to add to my positions. The central banks are going to keep the system liquid longer than anyone can image. Keep a long term time frame.

[onassi]

can you just post the whole presentation? i feel like im seeing little clips of it every so often

[73cupcake]

@onassi search this and a full presentation will come up tj2s6vzErqY or go to their home channel

[quadcatfly]

silver bubble just popped. Silver went from $49 just a few months ago to 28 as of today and still falling. Will end up in teens in Jan 2012. Those who bought above 30 got wiped off financially. But dont worry silver will be back at $49! In 30 years that is. Bhaaaaa haaaaa haaaaaaa haaaaaaaa...

[Paladine71]

@quadcatfly Maybe you should do your research before showing your ignorance. Look at the daily silver charts for the past several months. Be sure to look at the movements in September. There is clear manipulation going on. Why would it be manipulated down? You should believe less propaganda and more facts, or follow the lemmings off of the cliff. Your choice.

[gijs370]

@Paladine71 But how do you know that you did not fall for propaganda ? Honest question, i know the stories of silver manipulation but how do you know it is true?

Silver got profitable above 19 dollars. It is still too expensive to dig for silver alone but at least silvermines make a profit now. $25~$30 is a reasonable price. So why would it go up further?

(Please note i own physical silver)

[D33Lux]

@gijs370 MF global is a reason, they stole 150,000 accounts because many people asked for physical delivery. If they had the gold why wouldn't they just deliver & not put themselves in a situation where lawsuits would come into play. Another reason is supply & demand, when has there been audit of the treasury? FED admits they have NO GOLD. So basically not only is the U.S. completely broke, they are in DEBT with 16 trillion dollars.Tell me how do you pay it back?

[gijs370]

@D33Lux How does the US pay back its debt? They don't. They will inflate the currency, restructure their debt or simply not pay and thus defaulting on its debt like it did in the 30ties and the 70ties.

If they inflate all commodities will go up (not just gold/silver), if they default or restructure their debt numerous things could happen, including gold going down (in real value).

Please know that you are a speculator when you buy at prices above real market value.

[gijs370]

@D33Lux I know, but i do now like to buy when it is overpriced. Silver will be overpriced when the mines make huge profits on silver. (it is not there yet)

+45 dollar price in May this year was clearly overpriced so i bought other commodities instead. If inflation makes it too expensive to mine at for example 40 dollars then i will buy more.

[ulirieger]

@quadcatfly silver "bugs" may not like what you stated. - but i say: the man has a point, doesnt he.

and whats obvious, maoloney was so damned QUIET the way down, but loud when it went up.

HELO ? What matters, is TIMING. Timing can kill you.

[myusernameisluc]

@ulirieger

Maloney is a salesman, he sells seminars and books. Making noise on the way down is not good for sales. Doesn't mean he isn't telling the truth though; he's surfing on real economic facts and principles indeed.

[indman101]

@quadcatfly I agree this guy is selling all of his silver and gold for cash,watch what he's doing not what he's saying.

[D33Lux]

@indman101 OMG! Why would anyone want U.S. dollar or Bonds right now.There is NO financial solution, they're only hope is for the FED to print more dollars which is deflation in dollar value & in inflation of all items. What's backing the dollar? NOTHING! There is NO GOLD the FED has admitted. The only thing the U.S. has propping up the dollar is OIL that's why there on a crusade all over the middle east & Africa. This is why there going to invade IRAN at the cost of nuclear war.

[indman101]

@D33Lux I agree with all you have said but wait to buy,the bottom is about to drop out of the paper market wich will bring down the metal prices..hold that worthless cash for what's coming,a depression will happen first,silver wont fair so well

[D33Lux]

@indman101 The problem is that we don't have a fair market price because the markets are manipulated through digital markets. The question is how much physical metal vs. paper metal is out there floating around.

[D33Lux]

@quadcatfly What unsubstantiated non-sense! In a manipulated market how can there be a bubble, there was no hyperbolic jump, where were the massive PM sell offs. Facts are Margins were raised in multiples, MF global stole over 1 billion because they don't have the physical to cover the delivery, the FED admitted they have NO GOLD. If anything there's physical crisis in near future.

watch?v=grlljf5YQNs&list=UUXHR­diHv8r9yeLOdhDkXxeQ&index=1&fe­ature=plcp

[Meathead36]

@quadcatfly Do you have any better recommendations for investments? No, I didn't think so.

[rustyrusky]

@quadcatfly Yeah, it's like when gold fell during the 70s bullmarket from an all-time high of about $180 to about $120. I can imagine the people were just like you back then. And then it went straight to $800 in just 3 years. What a laugh that must have been...

[onassi]

finally!

[zalida100]

@onassi well done! I bet that's made your day :)