Deflation - Gold and Silver Price Pullback

[PAprepper1]

well its mid feb 2012... low 30s for spot silver...pray for a huge pull back, this will give people a last chance to save something because we all know whats coming in the next months or probably years...pray ffor the ten dollar pull back on silver, just buy it until u cant afford it anymore... its gods money people, buy it , it will save ur ass

[2305toby]

You have no idea. If you went to college it was a big waste of money.

[provc]

@nowfabien Agree with you 100%. The Fed is a criminal institution and unconstitutional at best. It is in fact a PRIVATE BANKING CARTEL CONTROLLING THE ENTIRE ECONOMY OF THE USA. Thomas Jefferson warned us about that very thing and it's been in place for almost 100 years! It is allowed to prosper only because of traitors in government.

[Dreama40]

I dont get it, with all the trouble Europe is in how come we havent seen Gold and Silver prices going through the roof? Is all the hype true, so far doesnt look like it to me! If anything the opposite is true, prices dropping!

[provc]

The scam is aided by the traitors in government who use their oaths as toilet paper while they trade freedom for personal gain. Shame on them and eternal shame.

[provc]

Who is everyone indebted to? The IMF! World Bank! Federal Reserve! Those who print money out of thin air and rule the world with their scam! So the whole world is broke and the world bank is rich and has plenty of slaves to keep them comfortable. Make no mistake. They have engineered this "crisis."

[THERollyboy123able]

I know a website that offers a secret code that produces 90% success ratio on gold trading. Go check them out, just google Gold Trading Academy and make as much money as you want.

[smithfix]

See my Video “How to Eat Silver” very short but answers the statement “You can’t eat silver.” @ smithfix Channel (YouTube)

[givemeblowjob69]

I think your spot on. We are not at the level of hyperinflation yet. QE3 or QE4 if they do decide to go ahead with it will be the start of it I believe.

[SterlingSandz]

I think the CME hike explanation offered by ZH is mostly a red herring, which seems to be your take as well.

It seems to me that copper is the commodity to look at when explaining these recent moves. I expect copper to move much lower over the next few months as China's real estate bubble implodes and this should drag down the PMs.

[TheSilverguy23]

This is a great down to earth video that gives some real world perspective to precious metals. I think we will see a bounce next week then another leg down. May be to 24-27 ish.

[torontobills]

People like me play the silver market and make money. You can not hold on to silver for the long run. Goin to rebuy monday at the low.

[Ibmxforfree]

I just ordered a roll of Maple Leaves, $880.30 from Gainsville coins, what a deal!

[waldentree]

PM bugs are freaking out, but this was all so predictable. I'm going to enjoy the ride to the bottom where I will load up. People never learn..

[TheLusseyran]

@waldentree yeah I keep hearing this time and time again.....there are actually some people who have already loaded up at the higher prices, and I am talking life savings worth, so loading at the bottom is no longer an option. Still I am not freaking out, but it is disappointing to know I could have bought more at a cheaper price

[waldentree]

@TheLusseyran You can partially blame all the pro-metal propaganda in the media. I fell for it in 2007/8 for a short while. Live and learn.

[Lengarces]

Sure there are pull backs and severe corrections, but so far silver and gold prices have been rising which tells me that all in all the money supply is being inflated.

[kcrone1]

I went to the bank today and gave them $100 bill and said I would like to buy some USD$. I heard the dollar is getting stronger and I would like to invest in that.

The lady just looked at me and then called the manager over.........

[watcherjohnny]

@kcrone1

I'm guessing you made it on to some sort of "watch list"!!

[galikazoid]

the debt and the fate of the currency are intertwined

the debt is the currency, in a way

so, they (tptb), the money printers, and the governments, and the entitled citizens, will not let it die

it will be printed to the obligations

and be dumped on your front lawn, as some say

deflation is the more natural tendency

but when humans are in control, thatès what they screw up

so

where will the asset value of the world flowÉ

[ANTIDALLARD]

Thanks for that.

[33commonsenseguy]

gold is pretty magical -- scientists believe it comes from supernovas .....!!

[onceANexile]

THANK YOU...I'M BUYING MORE!

JUST A POOR WHITE-BOY...

[bunkermunk]

I believe the scarcity for dollars will be short lived. The fall in PM prices is a mirror of the sudden, but temporary rise in USD. In many other currencies gold is barely down. This crisis will be met like all those previous, fresh liquidy in increasing doses. Remember, it's an election year and Obama has a printing press and is about to make tons of promises. The death of the fiat money sytem will be long and drawn out. Many more wild 'twists' and turns before this ride is over.

[watcherjohnny]

@bunkermunk

Could you elaborate on why you think the $ scarcity will be short lived? I agree with your overall premise, but we've dug a very deep debt hole (public and private), and it will take lots of dollars even to partially fill it back in. Heck, we're still digging the public hole in the US to the tune of $1.3T+ per year!! Also, how do you envision the new $ will find their way to the "consumer"?

[misterman6000]

@watcherjohnny hello, I think what people are missing is that inflation, deflation, hyperinflation it does not really matter. Gold in this 5,000 year history as served a hedge against all three. 1860-1880 in the US is a case in point. If we have hyperinflation gold will rise; if we have hyperdeflation, banks will collapses, and sovereign nations including the US will default on their bonds, confidence in paper money will be lost. as for the pullback, several central banks in europe

[misterman6000]

@watcherjohnny have "leased" gold to bullion banks in early september in an attempted to whack the market and cover problems in physical delivery after Chavez request his gold from US and european banks.

I would ingore the pullbacks and stack PM, hoard some cash in different currencies (some USD and some canadian D) and have plenty of food and water. Deflation is poison to an overleveraged country; the US will default on it treasuries; please prepare for either outcome.

[mezonesxbox]

@watcherjohnny i think its important to remember how the money supply via the federal reserve system works. Money=debt and vice versa. The more debt the more money there is. So when the author of this video says that too much debt is keeping money scarce i think is incorrect.

All that freshly printed (computer digits) is circulating around the system chasing other goods and lets remember when deposited to another bank its is then multiplied 10 to 1 via reserve banking.

[ddclop]

@watcherjohnny you cant dig the hole because you're not in urge to pay the debt. The Fed lets you grow the debt. They will take the land when USA is bankrupted.

[damienrockaterror]

@watcherjohnny The debt hole will never be patched up. The biggest bust will be in municipal bonds and treasuries. Once these bond markets collapse it is over for the dollar because even though the debt exists it will not be paid without hyper inflating the money supply. The idea of deflation with fiat money is not theoretically possible because the real interest rate will always be negative. If the privately owned federal reserve attempts to raise interest rates it will exacerbate the collapse

[mrzack888]

@damienrockaterror municple bonds and treasuries have no effect on us dollar. if those bonds collapse US dollar and treasury will go up in demand, not down.

[damienrockaterror]

@mrzack888 that is in a normal market. In the face of insolvency, a govt. bond collapse will be the end of the fiat US Dollar system. Just think if someone owed you in Saddam Dinars. Your accounts receivable would be worthless even though the currency is not even being printed.

The fact is that we are seeing a disinflationary situation. You are valuing these asset classes in a paper money that is becoming worthless. Just get out of the dollar before it is too late.

[cosmosgato]

Also this when cash is king.

Black Powder!

This is also when you get rich if you have the cash.

You'll be able to scoop up land, stocks, gold whatever on the cheap.

[cosmosgato]

The hyper inflationist have such a simplistic view of economics it is worthless.

Also many have clouded visions with dreams of get rich quick with a few silver eagles.

[hiphopsocnroc]

btfd...good stuff

[britishjohn04]

Good analysis.