Gold and Silver is Money - If you are going to sell stocks get into money

[SelfLearningChannel]

Gold and Silver is Money .... wouldnt proper grammar be to pluralize the linking verb so that it is Gold and Silver are money?

[davincij15]

@SelfLearningChannel

You are correct, I just like it that way because I don't want to be the same as everyone else because everyone else did not bother to teach me one of the most important tools I will use in life...

MONEY.

If I had gone to university to find out about money I would have been given the text book keynesian answer that IS incorrect!

So go correct someone about money first then correct their spelling and grammar.

Cuz a wealthy society is a free society!

[SelfLearningChannel]

@davincij15 GOOD GRIEF ... just trying to help you out and you land all over me ?????? I just put it up in the form of a question ??

Get lost ... I have other people to learn this stuff from. I dont need your arrogant self righteous attitude

[davincij15]

@SelfLearningChannel

Sorry too many trolls trying to mess with me it's hard to tell. Didn't mean to be such an ass.

Cheers

Davinci

[SelfLearningChannel]

@davincij15 uhm ,,, i'm not really sure that its legal to give ppl advice like that

[davincij15]

@SelfLearningChannel said "i'm not really sure that its legal to give ppl advice"

Sue me! I will defeat you in court!

Gold and Silver are money and nothing else. It's like eating poison and calling it food reality will hit you one day. Why are they money! Cuz they can't go to zero, no own can print it thus it can not be counterfeited, it's dividable without the loss of value, hit has a 6000 year history of storing value.

Put down the Keynesian crack pipe and see the absolute truth.

[InfoRyda]

what about gold mining stocks 

[urkingod]

I need money to buy money.. that is the problem...

[BrittPhillips]

Times are tough for many. If you need to make some money right now here's a guaranteed way to do it...

GuaranteedWayToMakeMoney [dot] com

[marketwatch101]

Jim Cramer just said on CNBC that he likes gold.

[TheBeav30]

Sell...Sell...Sell...

LOL. Cramer is a joke.

[marketwatch101]

Sell what ?

[TheBeav30]

I was making a joke of those obnoxious noises he uses on his show, and that many things he recommends usually turnout to be a bad investment.

I like gold, but I love silver. I think it is still under priced compared to the price of gold.

[marketwatch101]

Silver could easily go up 10 times compared to gold.

[SilverRose09]

davinci,

It is happenning, watch these videos:

/watch?v=DlGgI6z-fQA

/watch?v=4m75VTHEzcA

/watch?v=YPXncTuwFIE

[chena3]

1042.18

in two minutes

[chena3]

1040.80 $

dxy getting hammered ..

[chena3]

1039

this is getting spookey

later

[chena3]

1036.04 $ ...gold this morn ..

new all time historic high ..

when you're good

you're good ..

play hard ..

or stay home

[chena3]

man check out the ticks

it's war ...hard core

dollar swings.. like right now .

think upward momentum.. will rule

play hard ...woof ..

.

[chena3]

Davincij...

one of these days ...

most likely on a friday ..

when we see

that head line ...

will be the last one we see...

gold 1019.40 $

wonder how much gold the european union has ..

lets go buy some of it ....

[chena3]

gold  1020.10 $

almost tomorrow ny

[davincij15]

Tomorrow we will see the headline "Dollar in FREE Fall! United States is Bankrupt!"

It already bankrupt except the government does not want to admit it yet.

It's like a person not making $20,000 year but spending $40,000 a year with maxed out credit cards with interest rate resets and future obligation of $1,180,000 promising he will figure out a way to pay it.

LOL

[chena3]

evening players

keep an eye on asia tonight ...

interesting 12 hr play ..

might see new highs all around ..

gold ...1032 $ by dawn ...

see how london acts..

polish them bars ...

[tfrenn]

Why is silver lagging gold, I mean, gold hits 1000 but silver is still below its high ? Any one care to answer.

[davincij15]

Yes, The Beijing PUT is on gold not silver. Also there is not as many investors in sliver, the big fish all got wiped out in the collapse last year.

They were leveraged paper silver traders that thought they where smarter than a bank that can see their transaction. Fools.

Finally keep in mind the .48 cents move today is 3% and the golds $15 move is 1.5%

:)

[tfrenn]

Thanks, I think silver is the big play in terms of % gain.

[dojufitz]

Davinc

check out a blog called FOFOA.

Google it - interesting thoughts

re: Gold in the great scheme of things.

[mejt223]

Davincij

Ive listened to you for a while now. You are WAY over the top with this the gold thing (and silver). Your dooms day scenario is not going to play out Also,.there are many MANY far better invesment opptys In other hard assests than gold and silver

Being long gold is fighting an uphill battle againts every central bank in the world.

You will lose, I promise.

[davincij15]

OK, hold your dollars then, see how it works out for you.

Just remember physical silver and gold are the only assets the majority of the public can easily trade for goods and services, without converting to paper money.

That's why Central Banks hate it and that's why it will defeat them.

[davincij15]

Also note looking at the technical analysis and the COT gold should have crashed down to a moving average of 950 - 960. It did not. Someone or some government has placed a floor on gold.

BTW There will be no "dooms day", we will still be here buying and selling goods. No need to panic.

[orangedac]

what other investment opportunities are there ?

[Thaner14]

good luck with that. way too many people in the inflation trade now.  All assets are going to get annihilated in the next down wave. Dollar sentiment index hit 3% Bullish recently.

[orangefield1]

boring

[stuntpea]

Here's an example of prices going up.

2 years ago I bought a metal turning lathe for £600. Today that same lathe will cost you £970.

Considering sea freight has gone down in price from $20k/day to $2000/day on a container ship, it tells me the pound is losing value.

The pound is in the same trouble as the dollar.

[ruleof3]

This is a great video explaining deflationary pressure.

The fed is trying to fix their monetary problems with inflation, but it really isnt working. I agree, inflation will occur in the future but deflation is the biggest risk right now, today.

Here it is, it came out yesterday.

/watch?v=U6SINDNGC88

[chroNick546]

Although it's very difficult to predict the exact time it'll happen (so I'm not doing it), I still believe that we will go through a short term deflation, where cash will be king again due to forced liquidation. If you can, or have information as to when this would happen, I'd say hold off on the gold, but if you don't want to risk it, then buy something of real value, eg. agriculture, basemetals, energy, etc. It doesn't have to be precious metals.

[chroNick546]

The yen appreciated against the gold

[whiskerchild]

Good vid, hope all is well with you and your family, as this unfolds

Tina

[davincij15]

We are doing fine, thanks for asking.

[bastardchildofmary]

whats the best to hold?[as far as silver goes] I have been trying to get mostly 1oz 999fine ingots, but have been buying morgans [90% I believe] when I can't find eagles or other 999fine. or does it really even matter as long as the price is good comparative to content.[I've been finding morgans at the flea pretty reasonable. [be careful, there are a lot of fakes out there!!! and some of the peace dollars look pretty good at first glance.

[davincij15]

For the most part it does not matter, but I like the Eagles the best because...

1. They are minted for circulation so they are durable.

2. The silver cartel will lobby the government to stop minting them when the price explodes, and you can bet they will stop, thus sending the premiums to the moon.

Hope I buy the last year of mintage that will be like a 1933 gold coin.

[chena3]

spot plus 6 %

17.12

[chena3]

25 thousand silver eagles

half a mil ....20 each .. offer 16.50

[davincij15]

Wow are you selling?

[chena3]

just checking

the debth of some pockets ..

[davincij15]

China PUT. Most likely.

[davincij15]

Thanks fixed.

[ruleof3]

This may sound weird but our biggest threat right now is deflation not inflation. Yes, they have printed crazy amounts of money, and inflation will occur in the future but right now I'm looking at deflation as the biggest threat until I can identify the next, dare I say it, BUBBLE.

[davincij15]

Really? So if you held dollars from March 09 to now you did not lose 15% of your purchasing power?

Wow, I guess the dollar index is wrong then it did not fall from 90 to 76 did it, oil did not go from 30 to 70, gold did not go from 900 to 1000, silver did not go from 12 to 17, and the DOW did not go from 6800 to 9800.

According to you all that was "deflation". lol

Thanks for the good laugh I was wonder where all the deflationistas went.

[ruleof3]

Haha okay, we will see.

[davincij15]

LOL, that's what the deflation experts like MarketWatch101 was saying last year. Have you seen him around? He does not show his face and has deleted all his past comments.

lol

Reality will be our final arbiter.

[ruleof3]

Your ignorance is amusing. I thought you had a grasp on things but I now question my judgement.

Listen, I'm not saying there won't be inflation, there will be and is, in some cases, but there are deflationary aspects in the economy right now. NOT ALL assets are experiencing inflation. Some assets are getting killed by deflationary pressure and some assets, gold especially, are seeing a boom because of the weak dollar.

Are housing prices in the US exploding? No. Why?

Stop making me laugh.

[davincij15]

Ok Joker. So what you are saying is inflation is the increase in prices. RIGHT...

At any point in time of WORLD history I can point to prices going up in one set of items and prices going down in other set of items. So depending on what a person focuses on then he sees inflation or deflation.

Reality is an absolute so, what is really going on? Money supply is what determines inflation or deflation not prices. Other factors can affect prices. Over supply or lack of buyers.

[davincij15]

Inflation is the increase in money supply higher prices is the result. In a free market the flow of money is not controlled so where that new money goes causes prices to rise first then other items will eventually rise if the money supply continues to increase.

[ruleof3]

Sure I'm with you to a certain extent, but let me put it this way for you. I'll use wages for example. Some wages will experience inflationary pressures and some will experience deflationary pressures.

It becomes polarized. Prices for things will either go to zero or damn near or go insanely high.

It depends on what asset classes your talking about.

Gold will go very high. But not everything that's for sure.

Remember, it doesn't matter how big the money supply is if you cannot access it.

[ruleof3]

Please stop. You say money supply is inflation, well yes I agree to a certain extent BUT you are only half way there. What if people continue to default on their mortgages at record rates and commercial RE collapses. Ooops. Money supply contracts right. As I'm sure your aware, money is created thru debt.

Oil, Gold and hard things will be valued at astronomical prices. Frivilous things we don't need will not skyrocket in price it just won't happen.

[davincij15]

Money is created out of debt and debt is extinguished not by default but by selling the asset to extinguish the debt. If the asset remains on the books it is the offsetting balance of the debt. In English it means if the banks keep the house and don't sell it they do not pay off the debt. Ops!

:)

Finally the US is in a position that has never existed in human history. 60% of your 18 trillion IOU money supply is outside of the USA, and foreigners are getting sick of take it for their goods.

[ruleof3]

Finally I ask one more question. Will there be another bail-out and stimulus? yes or no?

If you say yes there will be another bail-out and stimulus, then you totally contradict what you say.

If you say no there won't be, you are wrong.

Either way.

[davincij15]

Another bailout means free money from the printing press. A lack of a bailout means more defaults and thus a second banking crisis, that will end the dollar.

[davincij15]

Access to the money supply for the average person is not relevant when you have trillions outside of the country. Ask the people of Iceland, they were losing jobs, prices where going down on houses and such, but, one day their currency collapsed. Not because the public was spending, but because the majority owners of the Krona (the Krona is the Icelandic dollar) sold them for other things.

How much longer can the world accept over $1.2 billion a day for their stuff?

[davincij15]

Now in Iceland everything is cheap priced in dollars but expensive and out the reach for many priced in Krona.

Yet, you would call that deflation because it's cheaper in dollars? Fine, I will be saying the same thing priced in gold everything will be "deflating" for me. LOL

Let's be real here their is no one left to continue selling goods and accepting the dollar thus letting the game go on longer.

[ruleof3]

Watch this.

manoftruth's perspective.

/watch?v=rDJQzh3aE78

[marketwatch101]

I'll tell you what happened. Stella banned me from his site because I pointed out predictions he made that didn't occur. Stella deleted my comments. Perhaps since you 2 are friends you will do the same.

It't hard to be around when people ban me. What have I been doing? I sold half of all my stocks that have doubled and now own the other half for free. I'll be glad to banter back and forth with you on the markets but in a respectful way and keep things interesting. Up to you.

[davincij15]

I will not ban you Marketwatch101 you can point out all the mistakes I made all you want.

Hey how you liking the deflation you kept on me about. Doesn't the BLS show inflation at 15%?

LOL HAHA!

[marketwatch101]

I tell ya, I get no respect.

I don't see any of this hyperinflation. You mean 1.5 % not 15%. Dollar down, stocks and gold up. Good for everyone except those in cash.

[marketwatch101]

Thought you were talking about inflation in the US not dollar index.

[davincij15]

Marketwatch101:

On what planet are you on? Even the government BLS shows a 15% loss to inflation.

Look the BLS number is an absolute I will not debate that with you.

[marketwatch101]

That's the dollar index, not the consumer price index. I live here, no inflation of 15 %. And you're taking the dollar index from its high in March 09. Take it from March of 08 and its up. Give me a break. Yes, imports will cost more, but exports will increase.

[marketwatch101]

Does Stella still think we're in a bear market rally. I mean he shorted the DOW at 8900. Is it time to short again ?

[ruleof3]

And another thing, do you think that the price of gold is manipulated?

[ruleof3]

And yes, gold and silver are great investments.

A buy and hold strategy will work for gold and silver. If you have the patience, you will be rewarded. Holding the physical metal is dandy but you have to keep in mind the confiscation factor. It's happened before and may happen again. It might seem a little out there, but it's on the table.

And can you guess what they'll give you for your gold or silver? Dollars.

Owning metals is good but like everything else, it has it's weaknesses.

[ruleof3]

So what is your plan if indeed they confiscate gold and silver and they give you cash?

Won't be so funny then I guess.

Nothing is fail proof and no plan is perfect.

[argentummolonlabe]

Also invest in lead and gunpowder. "The tree of liberty must be refreshed from time to time with the blood of tyrrants and patriots, it is it's natural manure"

Thomas Jefferson

"The only rights you will have are the ones you are willing to fight for" John Adams

[davincij15]

OK check out my confiscation video...

"Confiscation has already occurred!"

watch?v=ypXYGzK-CLE

[SlyToocan]

Davincij

Good post.........

[online4now]

Obsession

[davincij15]

With the truth, with what is right? Yes.

[tinslatee]

how much of your net worth is in gold/silver?

[davincij15]

98%

[Repomex01]

stocks will go down dollar will go up gold and silver are stubbornly holding their new support levels.

[veriappelsiini]

This video can be understood that we should sell gold and buy stocks as gold is expensive and stocks cheap.

[catdog262]

I like Ron Paul, but i think its time to take down the poster.

[davincij15]

Negative! Ron Paul for life baby!

[drutter]

You were hounding people to sell all stocks, no matter what, just a month or two ago. I'm not sure what's changed your mind. I disagree with you now. SELL anything that isn't real, and buy silver.

[davincij15]

I was speaking to people that are in gold and silver stocks and thinking we are seeing a repeat of last year.

I still think you should be 95% in physical things that you can touch and feel. And 5% in on the casino of the market.

[1mealperday]

simply precious, preciously simple

[Airave]

Keep preaching the Good Message, DV.

[BackBurnerNews]

Good message!

Thanks!