Silver +10% in 2 days! Wow. That was a good buy point. Future of America update 10/6

Permanent Portfolio Fund (PRPFX)
Gold/Silver: BEAR (Correction looks to have bottomed)
Dow/S&P: BEAR (trying to make a comeback)
GDX/GDXJ/SLV: BEAR (correction looks almost over)

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[BElliottP]

When gold and silver hit these "benchmarks" what are you going to convert it to? Real estate? Back to paper? Other goods that hold value?

[bullorbearreport]

@BElliottP Real Estate, businesses and dividend paying Blue Chip stocks that have been beaten down badly.

[JustABitchyCancer]

ugh....now i want to buy more but i can't spend my last few Gs. I don't know what t odo...I mean I can spend it but if i do and silver really fails or doesn't take off doesn't happen for a couple of years or so...then i can't move out.

[bullorbearreport]

@JustABitchyCancer My opinion: #1 you should have an emergency fund of cash you need for everyday expenses for 6 months minimum. If you don't have that yet then just wait on the silver. Don't worry about it. Good luck.

[slampiece99]

swiss just pegged to the Euro

[bullorbearreport]

@slampiece99 Yes I know. I guess you can replace the Swiss Franc with Aussie Dollars until they unpeg.

[valhala56]

@jimbobubbadj Do I have a long lost Twin Brother I don't know about? Jimbo it's like you are reading my mind. I concur completely. This movie, Collapse. Soverign Debt Crisis, the wars in Middle East and now Occupy Wall Street is accelerating the pace of this movie. The Biggest story in Human History, IMHO even bigger then WW2 and the Cold War is unfolding in front of my eyes and the only good thing I can think of about it is I am witnessing History being made.

[jimbobubbadj]

@valhala56 That's a tough one. IMHO it will be a fast collapse because it was in the '30s. My guess is by 2012. There is nothing left to help lift us out this time. Oil is scarce now vs plentiful in the '30s. Manufacturing base not here now as it was in the 30's. Also due to the debt problem, manufacturing countries and resource countries will not accept printed out of thin air "money" for their real products once the dollar collapses.

[geekstreat]

China's recent decisions to purchase gold physical over the last year, at least, is a warning sign to us all. Then the russian/china bilateral trades no longer using the dollar is even more of a foreshadowing of what is to come.

What I see is that China is building up their reserves so when this dollar decoupling takes place, it wont hurt as much. But obviously, for the US, this would be a disatrous event. Just a matter of when, at this point.

[ytgv3fc7]

@agrassel49 then silver consumption rates will be too high & in short order no silver will be left on Earth except in land-fills or perhaps then routed directly for recycling from obsolete machinery.

[ytgv3fc7]

@ExquisiteDoom Max Keiser reported the Deutsch Mark printing. They are WAITING, not immediately deploying.

[RonEconomy]

@Johnnyrockva as long as it's a cardboard box around the monster box that is to unwrapped. One should keep the plastic straps sealed on their monster boxes. Why you may ask? Someone may as for 600 ounces for a house. You say, no, 500.. because I have a monster box that has been sealed at the mint.

[RonEconomy]

Always a great viewing and thinking experience.

[Johnnyrockva]

Karl, congrats on the good timing for that monster box.....I hope we get to see the unwrapping of it!!