Gold and Silver News 10/29/2011 EU Debt Deal

[rei9707]

Their getting ready to introduce the new currency in 2012.

[candyban01]

I hope I won't ruin the surprise by revealing Mikes exit strategy ...

His exit strategy is to simply stop buying silver ... as guess what ... he has built a nice infrastructure to offload all his silver through his shops. And when he is almost through his stock, he'll send out an email saying "I sold it all, c'ya". Good luck finding a buyer for all your silver.

[candyban01]

It is sad to see you are promoting the silver ponzi scheme. Before 2000, average mintage was about 5M ounces. Between 2000-2007 average of 10M ounces. 2009 and 2010 about 30M ounces and that is eagles alone. There is a LOT of silver out there. Be wary before you buy silver. It is not as scarce as they try to make you believe.

10 years ago silver was less than $5/ounce. The fat is already off the milk. You still can make a profit if you know when and where to sell.

[vonGleichenT]

Would love to become part of the 1%. Unfortunately because I am part of the 99% I don't have the capital to accumulate physical :(

[envitran]

i have been watching ur vid. thank you. keep the language simple so that lil people less smart like us in developing countries can follow. i guess our theme song would be 'saving our butts' not so much on 'gain'. well Mr. Garcia, stay focus, stay pure, keep encouraging,

[wegowill]

love the show, keep it coming...

[jiminiflix]

It costs 7 cents to make a $1.00 really only worth 2 cents. The coin will cost more to make still than its true intrinsic value.

[victorero2006]

Mr. Garcia, thank you for this update, great information. I love your company's mission, so we'll keep on following your updates and will look forward for Mike's exit strategy. Thanks!

[jesuswinsalways1]

Hi Christian, an important question:

If hypothetically WW3 breaks out what will happen to GOLD and SILVER prices?  Celente predicts war. What will this mean?

I mean this is a valid and not a crank question.

Thankyou sir for your videos.

[dradeel]

@jesuswinsalways1 If a world war were to break out, you can bet your a** Europe will be smack in the middle of it. If the euro falls, the EU might break apart, and when that happens, war might be right around the corner. Keep a watchful eye over Europe to see if this will be the future. Gold and silver prices could go either way. Demand for real money in world war black market trades and for securing post-war riches is substantial. Gold and silver was highly sought after during WW2. ... But...

[dradeel]

@jesuswinsalways1 ... But during great wars, supply of everything generally lowers, and people will prioritize much more vital things before gold and silver. In that case you could see prices and demand fall amongst common people, as they are more interested in trading "usable" natural resources. Although silver could be such a resource in a high tech age - gold not so much. It might be a chance to accumulate gold... But it's such a hypothetical though. Such great wars are impossible to predict.

[foreshadow20]

Canada has been using dollar coins since 1990.

[WIsilverbull]

I was skeptical about this update, but have done a nice job!

[FortuneSeek3rz]

Mr. Garcia, do you think this bull market for gold and silver will have the same endurance as the last run from 1968 to 1980? Additionally, the NASDAQ bull market from 1988 until 2000 was also 12 years long. We are currently in the 10th year of the current precious metals secular bull market, meaning we may have two years to go until the peak. However there are many macroeconomic indicators that are vastly different, for instance the national debt to GDP ratio.

[VegasRage]

Awesome info, BTW you are starting to sound more natural, it makes the videos easier to watch. One point of input, if you drop saying ladies and gentlemen, your presentations will be perfect.

[notpcone]

Audio too low !

[shailston2]

Any predictions out there from anyone about when we may see silver up in the 85$ to 100$ range? I've made up my mind that when we get to that point, I'm cashing out some of my investment to pay off my house. I'll still have quite a bit left over for when gold and silver really explode...but man I am so antsy to get this stupid mortgage out of my life.

[ih8regs]

@shailston2 I couldn't wait to pay off my mother's house, Chase started to insist she didn't have flood insurance, correct them every year, certified mail, in person, the local insurance agent telling them, they'd always come back claiming otherwise, threatening this and that, the last time signing her up for a high cost plan of their own on top of what she already had. Too close to paying it off to risk them using a pretext to steal the house. Neighbor's ins. co. doing the same, a racket.

[ih8regs]

@ih8regs Oop, I mean to say the neighbor's bank doing the same.

[solitaryairborne]

We will be the 1%...Now, what will be our strategy to keep our wealth from inept governments and the masses calling for socialism?

[aurargint]

@solitaryairborne

well, I grew up in a socialist country. if this will come true, the best way to keep your wealth is to leave that country. you can call this geopolitical diversification so remember: you might need to use gold to get out. anyway, if the socialism rises again the things will get a lot more complicated but owning physical will still remain a way of wealth (and under certain circumstances life) protection. take care!

[aurargint]

Auf dieses Video antworten... thanks for your updates christian!

[Wittmann73]

the "Euro" is a big scam and doomed to fail, like the US Dollar.

[ih8regs]

I've pointed out Mike Maloney's videos on reddit and elsewhere, but a lot of people don't even want to hear it. There's a view of gold and silver is they're in a bubble, looked at as a scam and politicized caused by those like Glenn Beck, and images of lower class society and pawn shops, or don't consider it "real" investing. As they say, you can only lead a horse to water, etc.

[ChristopherWalkenPUA]

Mr Garcia, have you and Mike noticed how the 2011 silver eagles differ greatly in their color to the previous years? I was comparing my eagles from 2008, 2010, and 2011 and the years prior to 2011 look like the standard pale silver color while the 2011's look much darker, almost like nickel. I looked across the internet and could not could up with any information as to why this is. Is it possible that the us mint due to the silver shortage has begun putting other metal into the eagles?

[jahnotdead]

WOW! Stop at 4:38 and let that information $ink in...... Amazing upside.

[ArgentPure]

Canada is always way ahead on social and fiscal matters!

The US would be a better country if it looked North more often!

It's only a matter of time until the US becomes a part of Canada!

[vambo13257]

@ArgentPure Like Chaz became a "man"? Don't hold your breath!

[alstar70]

Good get rid of the Pyramid

[outforsushi]

paper to metal $1coin saves money?? I thought it would be the other way around. Are they saying the The cost of zinc is less than paper?

[UponInfinity]

@outforsushi It's a little more expensive, but lasts a hell of a lot longer. The Canadian dollar coin we use has about 11 cents of metal in it.

[chico280]

@outforsushi Yea but coins last a lot longer than paper.

[outforsushi]

@chico280 US should update their currency to use polymer. The material that Australia use

[UponInfinity]

The American Government is so weak. Nobody will use the $1 coins? Simple solution would be to recall every single dollar bill as they are deposited at the banks and only give out the coins on withdrawl. What the problem?

[ijustretired]

I think silver gives you many chances to go in and out, it is always good to study the charts and know every point and the behaviour it takes and moves, its like your bodies blood pressure- you need to know the danger points and just like when it takes a parabolic run up, you know it needs to come down- I believe some profit taking would be a good thing so that you can buy back more at a lower price- as MM says- its a gift when the price drops.

[jasebishop]

great video, thanks for the update. just a small thing, the light from the windows behind you does tend to make your vids a bit washed out visually. Possible some lighting from your side may help that, either that or ask Mike to give you your own office. Have a great day :)

[robertplant634]

The dollar bill has the masonic pyramid on the back. that's the reason they haven't gotten rid of it.

[canadadad99]

We r gonna be the 1%....Love it...Im at the bottom of the 99% today.Cant wait.



[davids11131113]

No market is by chance anymore, they manipulate everything. Own what you want, but unless youve got a $5 million dollar HFT server farm, you dont have a chance.

[candon1972]

We are the 1%... And my 99 next door" neighbor´s don´t have much silver..:-) It´s sweet..

[GrahamStirlingWard]

Dear Mr Garcia,

Is Mikes exit strategy restricted to Gold/Silver customers only or will he/you be relaying the info through this channel or the main website.

I am a great believer in the cause and like you say, i am staying focused and sticking to the fundamentals.

I am based in the UK so i am not a Gold/Silver customer, but i would be grateful for Mikes guidance during the endgame.

I have asked this question direct to the Gold Silver website without reply.

Regards

[GoldMikeMaloney]

@GrahamStirlingWard

Yes, Mike's Exit Strategy is restricted to our paying customers. Currently his exit strategy is only expected to be detailed and available via email. As time progresses, that might change but email is a direct way to contact our clients.

I do apologize for any non response. Allow me to be your point of contact. My email address is cgarcia@gmail.com

Thank you for your support and keep to the fundamentals

Cheers!

[tiburonsmoke]

@GoldMikeMaloney I'm also in the UK. I'm accumulating, but I can only purchase in modest amounts. Your minimum order for overseas purchases is prohibitively high for me. I'm starting to feel like Joe Sixpack. It's not a good feeling. Is there any chance you can reduce this limit in the near future, so that I may be a GoldSilver customer? Thanks to Turk, Sprott et al, I'd already started accumulating precious metals, but it was Mike Maloney who truly made me understand why I was doing it. Kudos!

[roubaix9999]

@GrahamStirlingWard

Hi Graham Why wouldn't you use Gold/Silver because you're based in the UK?? I'm UK based and am planning to buy though them. Any response would be appreciated

Cheers

[hatch381]

Good information here Christian....thanks for posting.

[Cyrus992]

I have a huge feeling we will see a "cashless" system instead..

[Y3GRAPHIX]

Ok when the SHTF, if it's not some post-apocalyptic state... I want to take my wealth & invest it into some new HONEST NEWS companies LIKE THIS & other things. I want to help build a new society made for the people who are intelligent & need to know information like this.

I hope you other citizens who are accumulating real money will have this thought. We can do wonders in helping create a new society for generations. Or at least create a strong opposition to this corrupt elite in power now.

[TruthOverFacts]

Good vid. informative. 

[hiphopsocnroc]

lmao...5.6 B over 30 yrs...ahahah lol..ahaha what a JOKE !

smh, what will 'they' think of next?

[NuclearSiege]

@hiphopsocnroc We have a $4.2 billion deficit a day in comparison also. Hahaha, what a joke. I wish it was not so sad....

[DontTread0nMe1776]

@hiphopsocnroc Yeah, at the current rate of inflation 5.6 billion won't buy you a tank of gas in 30 years.

[iso56k123]

These reports are really informative. Thank you!

[Biggman1611]

Thanks....as always!

[puglia72]

GREAT JOB!!!!! Keep on your hard work.

[Quranite]

What did the video about replacing the paper dollar bill with a coin dollar have to do with anything?! The coin dollar will just be made out of some cheap metal. That news story has nothing do with gold or silver!!! Just about how it's cheaper for the gov. to issue coin 1 dollar denominations insted of paper 1 dollar denominations. Please don't water down the quality of your videos with irrelevant stories like that.

[GoldMikeMaloney]

@Quranite

Thank you for the feedback. I will try to be more clear, but one point I was trying to make was correlating to Gold and Silver Eagles and how easy it is to print money. Also to point out that what most people carry is really only worth 7 cents!! Unlike Real money like Gold and Silver eagles which are worth the metals they represent. The last take away is that this is from the Main Stream Media, and that the hoodwinking continues. Thanks again!!

[god0fgod]

@GoldMikeMaloney It cost 7¢ to produce, that doesn't make it worth 7¢, it is worth 1$ as it says on the paper. But what is a dollar worth in terms of goods and services? Less and less....

[GoldMikeMaloney]

@god0fgod

True! Thanks for watching!

[IdigHistoryVideo]

The Susie B. Dollars sat in the mint for two decades. It wasn't until the vending.machine businesses really took off, bus fairs went up, Ext that the dollar coin starting being used.

[sideflight]

In economic theory, moral hazard is a situation in which a party insulated from risk behaves differently from how it would behave if it were fully exposed to the risk. (wikipedia) could 1 trillion create a scenario like this, i think so.

[SCobserverDavid]

Question/Request: Please expand on the % of mining shares, seems so extreme and important. Any more information on that would be very interesting/important, imo. thanks for the updates also!

[GoldMikeMaloney]

@SCobserverDavid

The significance is that as this precious metals bull market plays out, the big institutional investors will come to realize that they better diversify more into commodities and physical tangible assets. They will change their portfolio and exposure and revert closer to their historical mean. They could easily double or triple their current exposure in gold or silver. And as physical inventory thins out, the big money will grab the next best thing, the mining stocks. Thanks

[FortuneSeek3rz]

More people in my area are accepting silver for private debt. I too accept it as a payment for services or private sales. We may see this continue as the Euro and the USD are continually debased and aristocracy is bailed out while commoners are forced to labor.

[JP5466]

Great video Christian. I like the news refs and graph additions.

Just imagine if the mint was distributing silver coins... there would not be one of those bags sitting in storage.

[73cupcake]

Let's call the new dollar coin the Benny after the Bernank.

[eufibu123]

Sehr gutes Video, Hr. Garcia! Vielen herzlichen Dank und schöne Grüße!!!

[GoldMikeMaloney]

@eufibu123

Vielen Dank für Ihre Unterstützung!

[toppgunn2232]

COIN DOLLARS WTF HOW AM I SUPPOSED TO TIP A STRIPPER NOW!

[candon1972]

@toppgunn2232 /- Put the coin on her panties;-)

[puapake]

The phoney coins are still born into debt by the crooked FED. Americans could save way more by eliminating the need to pay the face value to the FED, who just conjured the currency for 7 cents each.

[qminusis]

Thats the EU put !

[vladamirrrr]

what i want to know is what is the gold and silver going to be worth to us when the new world order and a total dictatorship is installed and 90% of the world population is dead?

[JanPaul999]

nice supporting you video with some data and news fragments, i like that

[a103990]

Love the updates, but I can’t believe you do this during a fine college football Saturday. A beer, your favorite team, and rest easy since you and your viewing audience owns gold and silver!

[Gyva02]

5.6 billion over 30 years is peanuts....

[JP5466]

@Gyva02 Peanuts are too big, it more like grape seeds -lol

[Zalahblue]

It's not paper, It's cotton

[SuperPopulist]

Thank you for the information. Could you please edit the volume of the cheesy hollywood sound effects down a bit though :)?

[moviematcanada]

The IMF is already talking of increasing the bail out fund for Europe to $5 Trillion & they haven't even spent this weeks money.

The German public is screaming that Germany is going to use it's Pension fund as a source of funding for the bail outs.

The giant vacuum has started on the FIAT mess, Every country in the world now has to print money, it's a race now.

If they don't print then their money is going to me worth too much & hurt their exports.

The Race To The Bottom has started!

[tesskansas]

I give them 3 years max to play on this carousel. Then even the fiber glass and wooden horse on this merry-go-round will be dead.

I had a feeliing some time ago (years). In that feeling, I preceived 2015 as being viewed the big financial/economic breakdown/broken of USA. Then, 2018 before light came apparent - or should I write when USA oil would see the light. Oil, Oil, Oil, eventually that is where we will be lead. USA oil. Just my silly feeling. USA oil/cards stacked with PM beams/support.

[victorero2006]

GREAT! Thanks for the information!

[TheDollarCrisis]

Excellent report. Thank you

[tesskansas]

Nice to see you back. Love to hear the news this way. You make the news applicable to silver and precious metals people.

[GoldMikeMaloney]

@tesskansas

Thank you for your support!

[sonance666]

Thanks bro.