Love your version of an "American" accent...lol It sounded like a combination of a southern/western accent. I'm from New York and got a kick out of it. Keep up the good work. Love the channel!
@mkgrn4 not really: American debt promises to pay American currency & American currency is printed to buy American debt to stop the bond market from collapsing. This induces hyperinflation which induces the yields on American debt (bonds) to be so far out of money no one wants them AND boosts inflation on the way to hyper. This collapses the currency (vaporized)
@ytgv3fc7 In making your case for hyper, perhaps you might want to consider deflationary forces -- the other side of the coin. No economist that I know and respect is making a case for hyper. As for American debt, we will see where everyone runs to, if the going gets tough.
@mkgrn4 oh? Well, Jim Rickards, Peter Schiff, Jim Rogers, Jim Sinclair, Ben Davies, basically the smartest people on the economy on Earth, are all saying hyperinflation is coming. And all showing how deflationary forces are minimal to zero. Money supply must stop expanding for deflation to be possible. Money supply is still expanding. Deflation is still not present. It's a mathematical CERTAINTY.
Yes, John please give us your take on silver. Gold silver ratio back up above 45. At the same times that gold is charging up, silver is falling. QE3 is out of the bag and it's not even moving. Is this temporary? At this rate, when gold does its eventual retrace, silver will plummet. Maybe you will do your next video on the current silver explanation? :-)
@corvetteseeker "QE3 is out of the bag and it's not even moving. Is this temporary?"
Look at the 15yr gold/silver chart. Does that look temporary to you? I'm willing to use leveraged options profits to buy silver IF I can also get a discount on gold doing the same trick. I will not buy silver today without also buying gold UNLESS it's in a pure form I can easily convert to something I need (not just a bar or coin).
Obama indicated that he will envoke the 1933 FDR ruling against hoarding of gold...Judge John Roll, killed in the A2 shootings, was set to preside over court case last Oct. where the state of Arizona placed an injunction against this ruling...Now the late Judge Roll has been replaced with an Obama appointee...but I had anticipated they would try to confiscate gold here in the US two years ago....No government confiscation of silver during Depression,though..Thoughts?
I would tend to agree with you on this. I mean, I'm hoping to have more time to convert my earnings into Gold, Silver, Copper, and items of preparation, but I won't be surprised to be cutoff from doing those things by continued bombs going off in the markets, largely due to the United States, Europe, unsustainable banking & monetary systems, driven by worldviews that aren't accurate reflections of reality and ultimately logically lead to absurdity & failure.
You can buy an ounce of platinum with an ounce of gold today... last time that happened was back in 2008. Do you think it's worth going into platinum?
gold just past platinum. Dont know why I didnt notice five years ago that gold/platinum were 1-1. Maybe I just didnt see platinum cause I never owned any. Didnt see the point. Platinum used for cataltic converters but with economy tanking, who buys new cars with catalytic converters?
yes we deserve an F our country is run by a bunch of FUCKHEADS the bankers and the politicians need shot in the FUCKING HEAD then maybe we could get out country of our junk status column ????
@flabazoid Americans have several accents: Californian, Texan, Virginia, Georgia, Florida, New England, New York, Dakota all sound completely different to me. Nebraska to me sounds the most like Canadian English. In Canada you'd find big differences between West/English , East/English but mostly Newfoundland, and of course Quebec which is French. We also have numerous First Nations which means various accents except the youngest are not learning their ancestral languages anymore
John is exactly right. Someone just made a billion dollars betting on the downgrade. It's about a few asswipes making a quick buck at every turn. Don't ever bet against the house - the house always wins.
@drutter "Money went up today. Industry went down today. Do the math :)"
I certainly will be. I haven't done another data download yet. I can do the zip/linux link for the "sometimes out of date" hourly file but the CSV from freestockcharts.c om won't work with Silverlight on my linux computer. I need moonlight+older firefox to even attempt it (and I'll probably break tons of stuff) so I'll have to turn on that windows slow one to get the data. I'm sure it will look sad on silver.
I'm tempted to join the Gold stampede, but it looks like another trick. I'll buy some Silver instead, wait for the correction, then resume my Gold buying.
@ditkuss hmm well OK but if you had a GLD call just barely in the money or not quite in the money I bet you could use the profits to buy silver at a lower price. e.g. let's say gold drops to 1700 then jumps to 1800, you see a movement of say $600 to $650 there, maybe pay $300 to get in after all fees. You pay $300, you get another $300 in return so now if you would have an extra $300... and if you went to buy say 25 oz silver at maybe 42/oz if it can pull up so high ...
@ditkuss then you'd drop your cost to buy silver effectively from 1050 to 750 (30 / oz). This is hedging & speculating. Typically you get $75 for every $1 GLD moves, 10.25 USD move on gold = $1 move on GLD. Out of the money you'll get much less than $75 per $1 move. That's for a Call option. A Put will work roughly the same but only goes up when GLD (gold too) goes down.
people leaving the stock market put their money into gold and bonds, not silver. Silver is actually DOWN!! Crazy. I'm sure it will catch up, but it may take a few weeks. What caused the drop in silver?
@campeona5 Last time I checked silver was at 38, I just checked now and it's at 39. It's still trading in the same range it's been trading in for weeks now. Not like gold, which just shot up like a rocket. We'll see if it comes down though. Interesting to see gold and platinum locked in a dead heat.
We have our share of cocky people in the usa too. Being a smart ass of course. Gold and platinum almost one to one. And none of this is surprising to me at all.
The WASP is a descendant of the Puritan, who resembles the Manichean. In short, spiritual is good; physical is bad. This duality translates financially into the stock market vs physical gold. "Physical is dirty; I wouldn't touch it. I invest in .......ideas......hope......ingenuity........good old American know-how." They have one mortal enemy - pride.
John - It's a wake-up call for the American Sheeple - who were just slapped in the face. Even Alan Greenspan voiced his SURPRISE that (dumb) Americans have responded to the S&P downgrade as they have. After all, most here are blissfully ignorant of macro-economics. But try to tell them the U.S. is less than "No. 1" at ANYTHING and they are immediately offended.
BTW your Morgan dollars just rose in worth by more than a dollar overnight.
S&P seems to me to struggling to keep its credibility. There are a lot of big funds that are only mandated to buy AAA securities, and which will now have to dump US treasuries. On the horizon are higher interest rates -- or huge Federal Reserve buying of Treasuries.
The significance of the downgrade is that all these pension funds will have to re-evaluate the value of all their securities denominated in US dollars. Sure, it's late, but it's the way it works.
That was an amazingly hilarious moment when you gave an American accent. But you should, you should come up north to NYC and Boston you're idea of an American will be blown...its a different world. :D
@Doublejoe321 - Yes, I like the American accent too. LOL! Last time I was in Boston (5 years ago), I felt like I had travelled back in time 50 years. I guess I'm spoiled in Tokyo metro.
@daveashe Sorry to hear about the looting and burning there in London (coming soon to shops here in the US). Are London shop keepers allowed to defend their property with a gun (or does that land them in jail)?
Great as always. Just thinking about that when the USA went into the great depression the politicians called it a mild depression because the word recession was to harsh.
They downgraded New zealand to AA+ years ago. They owe somewhat less than 14 trillion. But then, they can't print the worlds reserve currency, so that's fair enough.
@jimbobubbadj i dunno buddy. that worthless piece of paper gets you a fair few favours around the world compared to a fair few other worthless pieces of paper from other parts.
To all the daytraders out here. You all best have some land, know a relevant trade such as a cobler and know how to grow food. Daytrading and the stock market is coming to an end.
Get out of all paper John! Even if you win all of the stock market paper bets, you may not be able to collect due to problems with the counterparties. None of us no the exact moment when this will occur but the writing is on the wall. With physical gold and silver in your possession, you don't have to worry about any of this.
@jimbobubbadj "Get out of all paper John! Even if you win all of the stock market paper bets, you may not be able to collect due to problems with the counterparties."
The risk is still worth it. Just have lots of non-paper assets ready ahead of time & take the paper profits in stages ensuring once it's in hand & converted to tangibles the counter-party risk is gone. Getting out too early means having 60% to 10% of the tangibles when it's all over.
You are so right. I actually held off on picking up some more Gold because it just seemed too obvious a trade. i thought some kind of headfake was setting up!
John, there's so much stupid money out there in the market I don't think is really going to matter much. The big moves are probably related to fund managers and big market players seeking security in commodities. Meanwhile, back in dumb fuck central, people are already tapped out on the credit cards and working 2 jobs to afford the mortgage repayments on their 'never lose' investment properties to switch up to metal assets now. It's game over already man, game over...
@Austacker The only reason why the market is still afloat is due to the sheeple lucky enough to still have a job putting their weekly contributions into their 401Ks.
Stella, I'm sure you're aware that the markets are completely manipulated anyway right?! So I look at this downgrade as an opportunity for those in control to pull the plug and start what they have planned for their leg down.
...the S and P's move and generally the wild moves in all markets is an indication of more and more accepting reality. S&P couldn't loose all credibility. Afterall, the sheeple are beginning to wake up. Interesting how gold rockets and silver is left behind. We still have time to get back in.
The market has been driven by these little anecdotes for years now. Company profits have evaporated, but investors are still reacting mostly to Fed announcements, debt downgrades etc which have just become meaningless in real terms.
With saying that, sub prime mortgages went from AAA to junk status almost overnight. So I don't think it will take trillions more in debt to downgrade the US again.
sorry mister, ;) but not everyone was in tune in time to sell their house at the top of the market and employ all their capital in the precious metals markets. All we can do now is figure out where to go from here! Maybe let it come in a little now since most of the news is more than likely priced in before purchasing heavily.
You are WRONG!!!!!!!!!!!!!! We in the USA know - WE have more dumb people than Australia. Good video. they will downgrade again in November probably and Moody's may downgrade in the next couple weeks. This gives them the opening. It is the people in the markets that are dumb actually - waiting until a downgrade to figure out gold and silver is where it's at.
@jimbobubbadj daytraders profit up and down so adding "firepower" won't do anything. Unless you can get markets to go completely flat and stay flat you can't get rid of day-traders.
@investornator The drug users reach a limit where they usually quit or die from overdoses. They need more and more to get the high.The banks keep getting more and more fake paper fiat money. Of course there are limits with this also as they will bankrupt the empire. Once the Empire collapses, the banks go with it.
@SGTbull07 it probably just seems like that since you have 10 times the population... kool-aid is sold in every country but - and there is no shortage of takers.
@Romulan112 I did get in - but in hindsight not as much as I wanted to :( But I was buying at low to mid 30's as well - as mentioned on here) - but obviously right now I wish I had gone in more.
I don't think the S & P downgraded the credit rating bc of the 14 trillion. I believe it's because they are realizing or at least starting to realize, america may not be able to pay off that debt, which in my opinion is dumb. everyone should know, america is never going to be able to pay it off. 2 trillion in revenue this year but spending 5 trillion dollars. -_-
John I love your well-grounded, factual videos that skip the hysteria. Your coverage of the silver reserve move was second to none.
Lets apply these principles to the US economy and debt crisis. Sure we hold a LOT of debt but lets take a step back and look at the US economy. We are the center of innovation when it comes to technology and hold the most successful companies in the world. Sure their are tons of problems but lets not get hysterical. the world is not ending. Gold & Silver are a buy
@knightkrew All the debt is either going to have to be written off or much more money printed in order to pay the bills thereby creating hyperinflation. Study Weimar Germany. If it happened there, it can happen anywhere even the "allmighty" USA. Its mathematically impossible to pay the debt off through taxes. Reality isn't always how one would like it to be. All of this "innovation" as you say is not helping with the 22% unemployment rate(shadowstats(dot)com) and worsening economy.
@suzettespencer "Time to buy some triple-leveraged short ETFs!"
I have once & I've watched the prices ever since. I've realized those ETF's are unstable & return too little $ for too little time. I've found using OI inspection on options chains to eliminate the ones with low liquidity is the way to go; then using Puts on the remaining options chains (DIA, SPY, GLD, NFLX, POT nyse, maybe a few more out there) gets much higher leverage than 3x.
@suzettespencer for example: I sold 2 puts on POT (potash) and made 54% profit. That's 184 including fees to buy & sell, $99 additional profit on the sale. The stock price move was from $62 to $51. To get that move shorting shares would need 9 shares before fees. My fees on stocks are high, $29/trade, so 99+58 = 157.44, 157.44 / 11 = 15 shares (round up) after fees. margin to cover 15x62= $930. I used NO margin with my Puts. 930/184= 5x leverage.
@suzettespencer on the long side with GLD: after all fees I paid $509, I had 1 call strike 156 paid 3.50 x 100 + fees + 1 put strike 148 at 0.66 x 100 + fees. My return INCLUDING the cost of the Put (which is active but useless at this time) is 33% = 167.97. GLD moved from 156 to 161 when I sold; I SHOULD have held until yesterday or the day before, would have had tons more. As it is $6/share + fees is 37 shares without options or margin = 167.97. around 12 to 1 leverage.
S&P is like that little worm in the bottom in of this bottle, by the time you get to it your so piss faced anyway It won't matter and it's only a matter of time that ....
no wait...
It's more like losing your virginity, year after year of constant filly-de-woop and then when the real thing comes along your ....
These so called US credit rating agencies are bought and paid for by the CFR. If this were not the case, then the US's rating would be where it truly should be, deeming it as FFF---!
@73cupcake silver now is 38.20, up from 35.63 30 days ago. That's 7.2%, with gold in the same period 1761 / 1548 = 13.76% gain. So no, silver is actually not doing better than gold. On a log-scale correlation / scatterplot chart that shows gold at a 1.85x slope to silver, like if there's a 1.85x ETF on silver it would be gold, 30-day comparison.
Ya a hundred trillion qua-zillion sounds about right but who's counting?
pdxeddie1111 6 months ago
Hay did u just say that Americans are DUM! How many faces do u have U to faces Bigot!
lovellbear 6 months ago
Do you smoke weed? If so, what kind?
BTW, this has nothing to do with THIS vid, but YOU in general. Just wondering. Been a subscriber of yours for a while.
2528997 7 months ago
That "American accent" sounded even more Aussie than his regular Aussie accent.
WythenshawePhil 7 months ago
Love your version of an "American" accent...lol It sounded like a combination of a southern/western accent. I'm from New York and got a kick out of it. Keep up the good work. Love the channel!
cl6002k5 7 months ago
AU, welcome to parity ~ per the US dollar
isn't American debt different from American currency?
mkgrn4 7 months ago
@mkgrn4 not really: American debt promises to pay American currency & American currency is printed to buy American debt to stop the bond market from collapsing. This induces hyperinflation which induces the yields on American debt (bonds) to be so far out of money no one wants them AND boosts inflation on the way to hyper. This collapses the currency (vaporized)
ytgv3fc7 7 months ago
@ytgv3fc7 In making your case for hyper, perhaps you might want to consider deflationary forces -- the other side of the coin. No economist that I know and respect is making a case for hyper. As for American debt, we will see where everyone runs to, if the going gets tough.
Great channel. Good luck my friend.
mkgrn4 7 months ago
@mkgrn4 oh? Well, Jim Rickards, Peter Schiff, Jim Rogers, Jim Sinclair, Ben Davies, basically the smartest people on the economy on Earth, are all saying hyperinflation is coming. And all showing how deflationary forces are minimal to zero. Money supply must stop expanding for deflation to be possible. Money supply is still expanding. Deflation is still not present. It's a mathematical CERTAINTY.
ytgv3fc7 7 months ago
Yeah silver isn't doing as well as gold, but its holding up well compared to the crash of '08 so far.
daveashe 7 months ago
Yes, John please give us your take on silver. Gold silver ratio back up above 45. At the same times that gold is charging up, silver is falling. QE3 is out of the bag and it's not even moving. Is this temporary? At this rate, when gold does its eventual retrace, silver will plummet. Maybe you will do your next video on the current silver explanation? :-)
corvetteseeker 7 months ago
This has been flagged as spam show
@corvetteseeker "QE3 is out of the bag and it's not even moving. Is this temporary?"
Look at the 15yr gold/silver chart. Does that look temporary to you? I'm willing to use leveraged options profits to buy silver IF I can also get a discount on gold doing the same trick. I will not buy silver today without also buying gold UNLESS it's in a pure form I can easily convert to something I need (not just a bar or coin).
ytgv3fc7 7 months ago
hey john whats ur take on silver ... gold is strong but silver is going down. Is this dip worth stacking a little
reenuverma1 7 months ago
Obama indicated that he will envoke the 1933 FDR ruling against hoarding of gold...Judge John Roll, killed in the A2 shootings, was set to preside over court case last Oct. where the state of Arizona placed an injunction against this ruling...Now the late Judge Roll has been replaced with an Obama appointee...but I had anticipated they would try to confiscate gold here in the US two years ago....No government confiscation of silver during Depression,though..Thoughts?
lonestarskywatcher 7 months ago
Hey, you know how they say the ABCs in Brooklyn? .... like tihs... Fu*kin' A, fuc*in' B, fuck!n' C and so forth.
RonEconomy 7 months ago
I would tend to agree with you on this. I mean, I'm hoping to have more time to convert my earnings into Gold, Silver, Copper, and items of preparation, but I won't be surprised to be cutoff from doing those things by continued bombs going off in the markets, largely due to the United States, Europe, unsustainable banking & monetary systems, driven by worldviews that aren't accurate reflections of reality and ultimately logically lead to absurdity & failure.
veritasfiles 7 months ago
You can buy an ounce of platinum with an ounce of gold today... last time that happened was back in 2008. Do you think it's worth going into platinum?
flyhigh751 7 months ago
@flyhigh751 crazy! Looks like the "time has come" again
ht tp://stockcharts.c om/h-sc/ui?s=$plat:$gold&p=D&yr=3&mn=5&dy=0&id=p86840214003
According to the timing here when Platinum = Gold it's time for massive QE injection.
ytgv3fc7 7 months ago
Warren Buffet criticized S&P for downgrading US debt today, shortly thereafter S&P downgraded Berkshire Hathaway
LOL
Sold my Bank of America and Citgroup puts today for a 500% profit on each.
Score!
Going to pick up some more silver and palladium as soon as QE3 is announced.
Let the good times roll.
kfjcer 7 months ago
sounds like a midwestern accent
DuvallSilver 7 months ago
lol... it's just that we have more bumb people here in the usa , from the top down !!!
guyofaith 7 months ago
that was more of a redneck accent than an American one john, haha
Enemyatthegates1 7 months ago
lol, i paused the video at 1:37 for just a second, you look so stoned.
mapleleafs182 7 months ago
gold just past platinum. Dont know why I didnt notice five years ago that gold/platinum were 1-1. Maybe I just didnt see platinum cause I never owned any. Didnt see the point. Platinum used for cataltic converters but with economy tanking, who buys new cars with catalytic converters?
sabrinacle 7 months ago
Gold up 73.00 on goldprice. com. amazing...
droogie76 7 months ago
yes we deserve an F our country is run by a bunch of FUCKHEADS the bankers and the politicians need shot in the FUCKING HEAD then maybe we could get out country of our junk status column ????
redline1189 7 months ago
american accent? I didn't think we had accents.
flabazoid 7 months ago
@flabazoid
Nobody thinks they have an accent. Ask every person on the planet and they'll say "no". Americans aren't unique in that thought ;)
drutter 7 months ago
@flabazoid Americans have several accents: Californian, Texan, Virginia, Georgia, Florida, New England, New York, Dakota all sound completely different to me. Nebraska to me sounds the most like Canadian English. In Canada you'd find big differences between West/English , East/English but mostly Newfoundland, and of course Quebec which is French. We also have numerous First Nations which means various accents except the youngest are not learning their ancestral languages anymore
ytgv3fc7 7 months ago
Thanks John, you're the only dude I follow on youtube. You got your head screwed on straight and speak logically not like other morons i've seen.
Take care, let me know if you stop by Long Beach i'll buy you a cold one.
OpForFoxtrot 7 months ago
You said it yourself stella. Its all investor psychology.
Itsjames1 7 months ago
John is exactly right. Someone just made a billion dollars betting on the downgrade. It's about a few asswipes making a quick buck at every turn. Don't ever bet against the house - the house always wins.
SolarAlchemy 7 months ago
Gold got the memo
Silver must be busy in the shitter.
dbztiki 7 months ago
@dbztiki
Gold is purely a money metal.
Silver is part money and part industry.
Money went up today. Industry went down today. Do the math :)
drutter 7 months ago
@drutter "Money went up today. Industry went down today. Do the math :)"
I certainly will be. I haven't done another data download yet. I can do the zip/linux link for the "sometimes out of date" hourly file but the CSV from freestockcharts.c om won't work with Silverlight on my linux computer. I need moonlight+older firefox to even attempt it (and I'll probably break tons of stuff) so I'll have to turn on that windows slow one to get the data. I'm sure it will look sad on silver.
ytgv3fc7 7 months ago
I'm tempted to join the Gold stampede, but it looks like another trick. I'll buy some Silver instead, wait for the correction, then resume my Gold buying.
ditkuss 7 months ago
@ditkuss hmm well OK but if you had a GLD call just barely in the money or not quite in the money I bet you could use the profits to buy silver at a lower price. e.g. let's say gold drops to 1700 then jumps to 1800, you see a movement of say $600 to $650 there, maybe pay $300 to get in after all fees. You pay $300, you get another $300 in return so now if you would have an extra $300... and if you went to buy say 25 oz silver at maybe 42/oz if it can pull up so high ...
ytgv3fc7 7 months ago
@ditkuss then you'd drop your cost to buy silver effectively from 1050 to 750 (30 / oz). This is hedging & speculating. Typically you get $75 for every $1 GLD moves, 10.25 USD move on gold = $1 move on GLD. Out of the money you'll get much less than $75 per $1 move. That's for a Call option. A Put will work roughly the same but only goes up when GLD (gold too) goes down.
ytgv3fc7 7 months ago
japan is downgraded all the TIME and pffft , but the US is downgraded a bit and the world explodes lol
Tomta20012 7 months ago
@Tomta20012 Its the world's reserve currency, thats why!
daveashe 7 months ago
@daveashe yes I know that! just pointing it out !!
Tomta20012 7 months ago
people leaving the stock market put their money into gold and bonds, not silver. Silver is actually DOWN!! Crazy. I'm sure it will catch up, but it may take a few weeks. What caused the drop in silver?
Quranite 7 months ago
@Quranite what drop????
campeona5 7 months ago
@campeona5 Last time I checked silver was at 38, I just checked now and it's at 39. It's still trading in the same range it's been trading in for weeks now. Not like gold, which just shot up like a rocket. We'll see if it comes down though. Interesting to see gold and platinum locked in a dead heat.
Quranite 7 months ago
28 trillion. Give Obama 6 months.
ajmprovidence 7 months ago
overselling in the markets now.
METALBUG999 7 months ago
@METALBUG999 looks like a perfect balance to me - htt p://flic.kr/p/a1db8E h ttp://flic.kr/p/abA5F7
ytgv3fc7 7 months ago
We have our share of cocky people in the usa too. Being a smart ass of course. Gold and platinum almost one to one. And none of this is surprising to me at all.
IdigHistoryVideo 7 months ago
Best Accent lol.
Poontangclannn 7 months ago
If The Dollar rallies dont that mean the gold and silver with drop?
tophat27 7 months ago
@tophat27 no, dollar rally is only a drop in the euro and/or yen.
ytgv3fc7 7 months ago
spot on Stella!!!
jackieochannel 7 months ago
Thank you! ...subscribed
ilienicolae 7 months ago
curb ur enthusiasm
dollar and euro colapse will hapen simultaeusly
so they can introduce the world curencey ponzi scheme
taht evryone would cheerfully adopt:) lol
problem reaction solution im sure u heard about that:)
MrAbsoluteknowledge 7 months ago
John,
Look look and sound like a schoolboy this morning. It's nice to see you smile again bud.
thegbpackers284 7 months ago
Do some more accents!!
sabersaw5611 7 months ago
The WASP is a descendant of the Puritan, who resembles the Manichean. In short, spiritual is good; physical is bad. This duality translates financially into the stock market vs physical gold. "Physical is dirty; I wouldn't touch it. I invest in .......ideas......hope......ingenuity........good old American know-how." They have one mortal enemy - pride.
bammbamm12 7 months ago
John - It's a wake-up call for the American Sheeple - who were just slapped in the face. Even Alan Greenspan voiced his SURPRISE that (dumb) Americans have responded to the S&P downgrade as they have. After all, most here are blissfully ignorant of macro-economics. But try to tell them the U.S. is less than "No. 1" at ANYTHING and they are immediately offended.
BTW your Morgan dollars just rose in worth by more than a dollar overnight.
This week should be fun to watch.
MzProgressive 7 months ago
@MzProgressive See yesterday morning's Meet the Press interview of Alan Greenspan on my channel page.
MzProgressive 7 months ago
S&P seems to me to struggling to keep its credibility. There are a lot of big funds that are only mandated to buy AAA securities, and which will now have to dump US treasuries. On the horizon are higher interest rates -- or huge Federal Reserve buying of Treasuries.
The significance of the downgrade is that all these pension funds will have to re-evaluate the value of all their securities denominated in US dollars. Sure, it's late, but it's the way it works.
BugsMr123 7 months ago
ive been to oz...we can beat you any day of the week with dumb people!
kymopar 7 months ago
Silver looking like it will spike (after saying that watch it crash lol)
GuildF40 7 months ago
Hehe! Nothing is more recognizable, secure and eternal than gold. Nothing. Silver - the little brother of gold is a close second. =)
clearasvodka 7 months ago
Ok John, tell us about your book. Available next month in OZ?
dowhatuwill 7 months ago
@dowhatuwill yeap ill let u know when its out ... will give away some copies or something...
stellaconcepts 7 months ago
@stellaconcepts Cheers. Be interested to read it.
dowhatuwill 7 months ago
Did you hear what Alan Greenspan said?
"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default"
ahhhhhhhhhhh....
Bitcoins are beginning to look better ... (well by comparison anyway)...
penguinistas 7 months ago
And Geithner has got the audacity to come out and say that S&P's have made a terrible mistake.
Tell that to you executioner Tim lad.
Andy.
NowisEvollovetion 7 months ago
@NowisEvollovetion Geither is right, they did make a terrible mistake. They should have downgraded the US to junk.
dowhatuwill 7 months ago
This has been flagged as spam show
watch?v=RTckFl0jPN8&feature=channel_video_title
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demented669 7 months ago
That was an amazingly hilarious moment when you gave an American accent. But you should, you should come up north to NYC and Boston you're idea of an American will be blown...its a different world. :D
Doublejoe321 7 months ago
@Doublejoe321 - Yes, I like the American accent too. LOL! Last time I was in Boston (5 years ago), I felt like I had travelled back in time 50 years. I guess I'm spoiled in Tokyo metro.
MiranUT 7 months ago
Soon there won't be any shops left for the looters here in the UK to trash, the economy is like a slow moving train crash..
daveashe 7 months ago
@daveashe Sorry to hear about the looting and burning there in London (coming soon to shops here in the US). Are London shop keepers allowed to defend their property with a gun (or does that land them in jail)?
penguinistas 7 months ago
@penguinistas No guns allowed in the UK for self-defence! Only the police can use them.
daveashe 7 months ago
The news is all fear mongering right now.... the crap will get worse within 3 years.
charlesfuchs 7 months ago
American accent? I don't sound like that! :)
silverfuturist 7 months ago
Great as always. Just thinking about that when the USA went into the great depression the politicians called it a mild depression because the word recession was to harsh.
Mild depression
Depression
Great depression
Now
Recession
Double dip recession
Great recession?
Words are funny sometimes
dannd1000 7 months ago
yeah we have dumb ppl in australia and her name is Julia Gillard!
manque15 7 months ago
Anyone notice, platinum and gold are nearly the same price.
Mughalistanwarrior1 7 months ago
Aparently someone made a $1 billion bet on Thursday that the USA debt would be downgraded.
Anyone have any info on this?
Mughalistanwarrior1 7 months ago
New all time high in gold $ 1,718.20.
stealinator 7 months ago
Awesome' dumb american' accent...that was really funny....Thanks for the good info as usual!
agrassel49 7 months ago
In the US many Pensions can't hold Securities without a AAA rating, so there will be repercussions.
Pfsif 7 months ago
@Pfsif They will probably change the rules.
Mughalistanwarrior1 7 months ago
hey john im glad im a part of this youtube community and ive taken everyones advice im holding on and im ready and have been for years cheers mate
rolficus 7 months ago
but its not the S&P per se, its the G7 interventions, most importantly the Euro mayhem.
CuriousTOknow1 7 months ago
thanks you always bring great insight.....
jbzy077 7 months ago
They downgraded New zealand to AA+ years ago. They owe somewhat less than 14 trillion. But then, they can't print the worlds reserve currency, so that's fair enough.
dowhatuwill 7 months ago
Oh no!!!! They took our A!
I'll trade another A (or two) for some more metal.
BTW, nice American accent, John. They'll never know you're not local.
DennyDFW 7 months ago
This is what is known as fuckin right.
JRCrowley 7 months ago
Whatever the lowest rating is, the USA deserves that rating.
jimbobubbadj 7 months ago
@jimbobubbadj i dunno buddy. that worthless piece of paper gets you a fair few favours around the world compared to a fair few other worthless pieces of paper from other parts.
ahoyhoy79 7 months ago
To all the daytraders out here. You all best have some land, know a relevant trade such as a cobler and know how to grow food. Daytrading and the stock market is coming to an end.
jimbobubbadj 7 months ago
@jimbobubbadj there will always be markets.
hotrodguitar1 7 months ago
@jimbobubbadj world wars & previous depressions, even the fall of empire did not end the stock markets. Don't count on it.
ytgv3fc7 7 months ago
Get out of all paper John! Even if you win all of the stock market paper bets, you may not be able to collect due to problems with the counterparties. None of us no the exact moment when this will occur but the writing is on the wall. With physical gold and silver in your possession, you don't have to worry about any of this.
jimbobubbadj 7 months ago
@jimbobubbadj "Get out of all paper John! Even if you win all of the stock market paper bets, you may not be able to collect due to problems with the counterparties."
The risk is still worth it. Just have lots of non-paper assets ready ahead of time & take the paper profits in stages ensuring once it's in hand & converted to tangibles the counter-party risk is gone. Getting out too early means having 60% to 10% of the tangibles when it's all over.
ytgv3fc7 7 months ago
You are so right. I actually held off on picking up some more Gold because it just seemed too obvious a trade. i thought some kind of headfake was setting up!
macksurf1 7 months ago
I had no idea us Americans had accents.. LOL
oak415 7 months ago
The US AA+ rating came with a 'negative' outlook, that would seem to suggest another downgrade relatively soon.
maximuslaurius 7 months ago
2:23.....I've been asking myself that same question all week.........
neiscius 7 months ago
John, there's so much stupid money out there in the market I don't think is really going to matter much. The big moves are probably related to fund managers and big market players seeking security in commodities. Meanwhile, back in dumb fuck central, people are already tapped out on the credit cards and working 2 jobs to afford the mortgage repayments on their 'never lose' investment properties to switch up to metal assets now. It's game over already man, game over...
Austacker 7 months ago
@Austacker
Get your ass in Bullionbugs man, we miss you!!
drutter 7 months ago
@Austacker The only reason why the market is still afloat is due to the sheeple lucky enough to still have a job putting their weekly contributions into their 401Ks.
jimbobubbadj 7 months ago
Comment removed
Austacker 7 months ago
did you notice that platinum and gold are only about ten bucks apart now? Platinum seemed to always be about three hundred more then gold
sabrinacle 7 months ago
@sabrinacle Check a 5 year chart for both metals it was 1-1 a few years ago aswell during the 08 crash.
MrPointspread 7 months ago
Stella, I'm sure you're aware that the markets are completely manipulated anyway right?! So I look at this downgrade as an opportunity for those in control to pull the plug and start what they have planned for their leg down.
hula4483 7 months ago
Platinum and Gold are almost par at this time.
Hyperborea2012 7 months ago
Comment removed
Hyperborea2012 7 months ago
Like the accent! haha
JDL19911 7 months ago
I liked this one John! NICE!
I'm sure we all wish we had larger silver stacks! I know I do!
drutter 7 months ago
They will hit silver hard so wealth goes into fiat. Might drop below $30 within next week.
0urGaia 7 months ago
@0urGaia I would love to see silver drop below $30 due to manipulation! 3 oz for a C note would be a sweet buy!
ArgentPure 7 months ago
@ArgentPure, Yes very much so. Silver dropped 30% soon after they introduced tarp in 2008 and history sometimes repeats :)
0urGaia 7 months ago
@tanpal333 Aug 21!
stellaconcepts 7 months ago
@tanpal333 George Soros IS the insider information.
robertplant634 7 months ago
I see dumb people everywhere
alstar70 7 months ago
GOLD BREAKS $1700!!! YEAAAAAAAAAHHHHH!!!
lumberjak5010 7 months ago
$1711.50!
73cupcake 7 months ago
...the S and P's move and generally the wild moves in all markets is an indication of more and more accepting reality. S&P couldn't loose all credibility. Afterall, the sheeple are beginning to wake up. Interesting how gold rockets and silver is left behind. We still have time to get back in.
InTheSticks0001 7 months ago
The market has been driven by these little anecdotes for years now. Company profits have evaporated, but investors are still reacting mostly to Fed announcements, debt downgrades etc which have just become meaningless in real terms.
With saying that, sub prime mortgages went from AAA to junk status almost overnight. So I don't think it will take trillions more in debt to downgrade the US again.
LibertyDownUnder 7 months ago
And they gave us a nice 48hr or so window over the weekend to stack up at Fridays prices! What a gift! :D
javabarbarian 7 months ago
sorry mister, ;) but not everyone was in tune in time to sell their house at the top of the market and employ all their capital in the precious metals markets. All we can do now is figure out where to go from here! Maybe let it come in a little now since most of the news is more than likely priced in before purchasing heavily.
ifyouseakaimee 7 months ago
You are WRONG!!!!!!!!!!!!!! We in the USA know - WE have more dumb people than Australia. Good video. they will downgrade again in November probably and Moody's may downgrade in the next couple weeks. This gives them the opening. It is the people in the markets that are dumb actually - waiting until a downgrade to figure out gold and silver is where it's at.
MrThriveAndSurvive 7 months ago
@MrThriveAndSurvive, when they implement carbon tax on all the breathers in the US then you can talk!
0urGaia 7 months ago
@0urGaia No way! Please tell me that isn't true. (Sounds like an Obama back-door policy implementation)
MrThriveAndSurvive 7 months ago
no suprize, it is all malipulation
colinjockgraham 7 months ago
Comment removed
Fanatick18 7 months ago
good thing I bought what little gold I have in 2006 - 2008
barnone11967 7 months ago
@barnone11967 We need more firepower Bro! The daytraders here are not getting the message!
jimbobubbadj 7 months ago
@jimbobubbadj daytraders profit up and down so adding "firepower" won't do anything. Unless you can get markets to go completely flat and stay flat you can't get rid of day-traders.
ytgv3fc7 7 months ago
The reasoning is bankers still get paid no matter what.
The logic is if your a drug addict ,we should give you more drugs as you need them ,the fools running the economy are puffing on there pipe.
investornator 7 months ago
@investornator The drug users reach a limit where they usually quit or die from overdoses. They need more and more to get the high.The banks keep getting more and more fake paper fiat money. Of course there are limits with this also as they will bankrupt the empire. Once the Empire collapses, the banks go with it.
jimbobubbadj 7 months ago
@jimbobubbadj im waiting for these money junkies to OD on paper mate :)
investornator 7 months ago
just look at endless mountains sheeple chart ...great video he posted
gasdorf 7 months ago
s&p standard are poor,thanks for the tip on aussies
STOPPUCKNOW 7 months ago
"We have dumb people in Australia too." lol. Somehow I think we've gotcha beat here John.
SGTbull07 7 months ago 10
@SGTbull07 it probably just seems like that since you have 10 times the population... kool-aid is sold in every country but - and there is no shortage of takers.
stellaconcepts 7 months ago 12
Stella. quick question? Did U ever get back into silver? i remember U said U were waiting for it to hold $40?
Romulan112 7 months ago
@Romulan112 I did get in - but in hindsight not as much as I wanted to :( But I was buying at low to mid 30's as well - as mentioned on here) - but obviously right now I wish I had gone in more.
stellaconcepts 7 months ago
I don't think the S & P downgraded the credit rating bc of the 14 trillion. I believe it's because they are realizing or at least starting to realize, america may not be able to pay off that debt, which in my opinion is dumb. everyone should know, america is never going to be able to pay it off. 2 trillion in revenue this year but spending 5 trillion dollars. -_-
SHINOBlKAGE 7 months ago
@SHINOBlKAGE Agreed but by reading the comments here, there are still too many "normalcy bias" and "it can't happen here in the USA" people around.
jimbobubbadj 7 months ago
John I love your well-grounded, factual videos that skip the hysteria. Your coverage of the silver reserve move was second to none.
Lets apply these principles to the US economy and debt crisis. Sure we hold a LOT of debt but lets take a step back and look at the US economy. We are the center of innovation when it comes to technology and hold the most successful companies in the world. Sure their are tons of problems but lets not get hysterical. the world is not ending. Gold & Silver are a buy
knightkrew 7 months ago
This has been flagged as spam show
@knightkrew The world as we know it or how we think it is going to be is ending.
jimbobubbadj 7 months ago
@knightkrew All the debt is either going to have to be written off or much more money printed in order to pay the bills thereby creating hyperinflation. Study Weimar Germany. If it happened there, it can happen anywhere even the "allmighty" USA. Its mathematically impossible to pay the debt off through taxes. Reality isn't always how one would like it to be. All of this "innovation" as you say is not helping with the 22% unemployment rate(shadowstats(dot)com) and worsening economy.
jimbobubbadj 7 months ago
1st cut is the deepest. Time to buy some triple-leveraged short ETFs!
suzettespencer 7 months ago
This has been flagged as spam show
@suzettespencer "Time to buy some triple-leveraged short ETFs!"
I have once & I've watched the prices ever since. I've realized those ETF's are unstable & return too little $ for too little time. I've found using OI inspection on options chains to eliminate the ones with low liquidity is the way to go; then using Puts on the remaining options chains (DIA, SPY, GLD, NFLX, POT nyse, maybe a few more out there) gets much higher leverage than 3x.
ytgv3fc7 7 months ago
@suzettespencer for example: I sold 2 puts on POT (potash) and made 54% profit. That's 184 including fees to buy & sell, $99 additional profit on the sale. The stock price move was from $62 to $51. To get that move shorting shares would need 9 shares before fees. My fees on stocks are high, $29/trade, so 99+58 = 157.44, 157.44 / 11 = 15 shares (round up) after fees. margin to cover 15x62= $930. I used NO margin with my Puts. 930/184= 5x leverage.
ytgv3fc7 7 months ago
@suzettespencer on the long side with GLD: after all fees I paid $509, I had 1 call strike 156 paid 3.50 x 100 + fees + 1 put strike 148 at 0.66 x 100 + fees. My return INCLUDING the cost of the Put (which is active but useless at this time) is 33% = 167.97. GLD moved from 156 to 161 when I sold; I SHOULD have held until yesterday or the day before, would have had tons more. As it is $6/share + fees is 37 shares without options or margin = 167.97. around 12 to 1 leverage.
ytgv3fc7 7 months ago
Hey - when are you coming to Seattle?
elpatostark 7 months ago
Hey .... when was the last time Gold was higher than PLATINUM?? Gold is only $15 less as we speak!
tsihitas 7 months ago
Funny cuz the New Zealand dollar is also AA + rated and it is in great shape! I think that S & P stands for Shit & Piss.. Smh
TheShadowShow00 7 months ago
S&P is like that little worm in the bottom in of this bottle, by the time you get to it your so piss faced anyway It won't matter and it's only a matter of time that ....
no wait...
It's more like losing your virginity, year after year of constant filly-de-woop and then when the real thing comes along your ....
oh never mind....what ever happens, happens
IronicallyVague 7 months ago 2
Oh yeah sure...no prejudice at all
jemehris2023 7 months ago
Doesn't surprise me. Most people are sheep. Now watch the sheep create a REAL bubble in gold and silver.
blazefury2010 7 months ago
@blazefury2010 There ain't no bubble with endless printing of fiat paper money?
jimbobubbadj 7 months ago
These so called US credit rating agencies are bought and paid for by the CFR. If this were not the case, then the US's rating would be where it truly should be, deeming it as FFF---!
slhines7 7 months ago
Does Australia still provide Deposit insurance and when does it end. I still got some money in a bank
outforsushi 7 months ago
@outforsushi Good question. It's this month as I recall wwwDOTguaranteeschemeDOTgovDOTau
DavidAKZ 7 months ago
I'm surprised silver isn't moving as much as gold is... What would it take to move silver higher?
Bulliondon 7 months ago
@Bulliondon Gold us up 2.5%, Silver up 4.3% as of now. So it's actually doing better than gold.
73cupcake 7 months ago
@73cupcake silver now is 38.20, up from 35.63 30 days ago. That's 7.2%, with gold in the same period 1761 / 1548 = 13.76% gain. So no, silver is actually not doing better than gold. On a log-scale correlation / scatterplot chart that shows gold at a 1.85x slope to silver, like if there's a 1.85x ETF on silver it would be gold, 30-day comparison.
ytgv3fc7 7 months ago
Asian markets TANKING.
I feel the value vanishing from my Federal Reserve notes as I type.
-TEW
theeastwatch 7 months ago
@theeastwatch Welcome aboard!
jimbobubbadj 7 months ago
PS bitcoins low as $5 buckslol
truthcrackers 7 months ago
@truthcrackers you know its end times when bitcoins get sold off lol ;)
stellaconcepts 7 months ago
s&p lying scum should be junk
truthcrackers 7 months ago
Dow futures almost -300
OurTimeIsOut 7 months ago
sure enjoy your commentary! Nice recovery! :)
dcamilletti 7 months ago