Posted on 09/28/2011 10:15:25 PM PDT by blam
BTW, it’s all going to come down to an international fight over resources. Don’t allow the noise of financial jargon to obscure the truth about what money is used for to begin with.
“China’s environment is beyond toxic in many places and their one child policy is causing to grow old fast.
Don’t think that China is out of the woods.”
That same one child policy has other ramifications too. The Children that have grown up under that policy are ‘little princes and princesses’. From what I have been told they are also very narcissistic. Add onto that their parents have only one child to carry on their ‘line’. They don’t want to lose that child to war or to a ‘toxic’ environment.
Yes, big changes are coming to China. Some are predictable, most won’t be.
Nah...most everyone recognizes that we still have a civil war to fight.
So....prepare now.
I’m getting killed Blam. I’m long on copper as well. I have about 600 pounds of the red metal in my garage with about 500 lbs of copper/aluminum coils. Timing is everything!
I wish someone would track 1000 rounds of 5.56X45 ammo in Dollars. That could be very handy every time someone says they are stocking up on lead. Someone brought up the question of what would happen to the price if there was a draw down of troops from Afghanistan and Iraq.
Sorry to hear that. I told a friend of mine about three weeks ago that I ought to sell what little scrap copper I had. I didn't do it but, it wasn't much.
“Drops about 2 inches at 300 yds from the right “investment”.”
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I call that real performance.
$2.00 USD is the break-even point at my friends mine! (He’s in Chile)
That seems a bit on the high side, eh?
http://www.wideners.com/itemdetail.cfm?item_id=9019&dir=18|830|845
For a while, Widener's was going "hurry up before the price increases", but the prices are falling...for now.
Don’t get it. If gold and silver is going to drop why buy now?
Two reasons:
1.) Precious metals (gold, silver, platinum, etc.) are tangible. Tangibles are always a safe tool to preserve wealth. Stocks, bonds, treasuries, etc. are valued based upon perception. The perception is that the gubmint, corporations, banks, et al will be able to cover their financial obligations as long as the rest of us are willing ot accept their paper as a “tangible” value or commodity.
2.) Precious metals are real. Paper/fiat currency is not. Paper currency is nothing more than the gubmint’s promise to fulfill a financial obligation to the person(s) holding a worthless piece of paper with a “cool” design. Paper money is worthless! It’s a confidence game. It’s only as valuable as the confidence the holders have in its ficticious worth. Paper money/fiat currency is a con-game.’
FYI...The reason for the drastic drop in the value of precious metals over the past month is due to the big players (i.e.: Goldman Sachs, Georgie “I murdered my fellow Jews” Soros and other big investors) have been divesting themselves of precious metals to keep the value of PMs depressed.
It’s just a monster scam being played out.
Quit listening to the experts on MSNBC and CNN and open your friggin’ eyes.
Thank you
Copper ping back atcha. /HG < $3? And people say gold took a serious poop?
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