Posted on 11/16/2010 8:57:56 AM PST by RandysRight
SM crashing rapidly!!! Watch this simple video to understand why buying even a 10th oz of gold would be wise. Even though gold is going down as appearing the dollar is going up in value, dont buy into it. Its only a paper game.
http://www.youtube.com/watch?v=0TkFnL0HtL4&feature=player_embedded
https://www.learcapital.com/qry/storefront.taf?_function=detail&_storetype=Coins&_product_id=173&_nc=f9ab17ec57c98a5f93098827e32dc8e8
Glenn??
I invested in weapons and ammo... if needed... I can get what I need... all you can do is get killed by someone wanting your gold. Can you run with those bars in your pockets? Better to buy 2 years of food and guns and ammo... to feed and protect yourself and your family. Gold... what a joke. If it gets that bad... there will be no commerce... only anarchy.
LLS
Isn’t Donny Osmund on the 1/3 Troy ounce Osmium coin this year?
You are going to have to buy an awful lot of food and ammo if you want to preserve your wealth for after the crisis has passed. Gold takes up much less room and is much more portable...
I’m calling jiggyboy on you...
Trivia question: How many brothers and sisters does Donnie Osmond have?
Including the stillborn one in the glass jar on Donny’s desk?
Who are you thinking will get the Zot?
13
LLS
They will want to trade some of their gold for food, guns and ammo... and my store will be closed for business.
LLS
What do you think is more likely, a zombie apocalypse, or an economic crisis that, although bad, will eventually pass. Short of a nuclear exchange, I can’t really see any circumstances where gold will become completely useless as a store of wealth. It is obviously sensible to have provisions for times of hardship, but can you put the bulk of your wealth into food/ammo and fit it all in your house?
While some still have wealth in today’s economy, most are struggling just to feed their families. So, yeah, I’d say most would be able to fit the food and ammo they can manage to scape up into their house. If the bank doesn’t foreclose on their house first.
As I said, the gyrations of death, the real indications of the peak of the silver frenzy happened in the $28-29 area, so it gave me some hope that when the inevitable fallback and last-to-the-party shakeout occurred, there was good hope that silver would hold $25. So far, so good.
I will tell you, though, that silver has a long established habit of having a tough time at “round numbers”. That is why I was pleasantly surprised to see it blast thru $25 with such authority. If silver had only hit $26 and subsequenbtly lost $25, we would most likely be waiting for the dip to $20 now with a market price of $23.
I guess what I am saying is that the human mind sees the pop to “up here” which is new area for silver in recent times, and folks think the train has left the station. Maybe it has, I cannot predict the future any better than anyone else. Our minds see a ramp and think it will continue. I am plenty bullish on silver and have been for many years, but silver could hang out $23-28 and take a solid year to get to and thru $30. It did this at $10 and it did this at $15. It could even take a year proving it can hang onto $25. Is it different this time? Dunno. Yeah, yeah, I know all about $50 silver and $100 silver and yada yada. All I’m sayin’ is, this has been the pattern in the past.
Oh...and by the way, the single most positive way to induce $22 silver is to start nibbling at $25, LOL.
What is the spot on silver right now?
You being a noob and all...and pushing your own stuff here.
FWIW-
Crash JP Morgan Buy Silver Growing Economic Guerrilla War to Crash Bank With Silver Bullets
http://www.rightpundits.com/?p=7681
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