Posted on 06/22/2013 9:50:04 PM PDT by blam
Gold And Silver - The End Is Near; Just Not In Sight
Commodities / Gold and Silver 2013
June 22, 2013 - 04:00 PM GMT
By: Michael Noonan
Whatever expectation[s] you may have, expect the unexpected and unlike what you may expect. So far, that has been playing out quite nicely, and one of our expectations is that it will continue to unfold in the same manner, and to the ongoing surprise of most.
"Gold will be at/above $2,000 by the end of the year."
"Gold will reach $3,000 [$5,000, $10,000, etc] and silver $100, [$250, $500, etc]"
"The central bankers are [just about] out of gold." [The cupboards are likely bare.]
What is wrong with this picture?
Not one Precious Metals guru has gotten anything right in the last 18 months. All have been calling for considerably higher prices. Over the past several months none called for sub-$1,300 gold and sub-$20 silver. Many have extensive research staffs and reams of statistics to substantiate any and all claims asserted, [for higher price levels].
Lesson: Crystal balls do not work and never have, plus, when it comes to markets, Anything Can Happen!
We have expressed sentiments, [but not timing], with the eventual higher prices, and have advocated the ongoing purchase of physical gold and silver, and only to be held personally. If you do not hold it, you [most likely] do not own it. You will get back paper, instead. For the most part, we have maintained not to buy the paper futures because the charts say do not be long, plain and simple.
[As an aside, we are on record stating we have been buyers of the physical even at +$1,800 gold and +$40 silver. Would we like to have bought it cheaper? That has never been a consideration, in hindsight, nor is it of concern at current low prices. Keep buying, we say. Our reasons for buying and holding, and also recommending same for silver and gold supersede its price.
Gold and silver are wealth preservers and wealth creators, from out perspective, and that is the sole purpose for accumulating the physical, at any price, as we have been stating. Why recommend buying the physical when its price has been dropping steadily? At some point, you either will not be able to buy it at prices under $1,900 and $50, respectively, or the government may [likely] intervene and make it near impossible to buy without having to submit to close scrutiny/registration, maybe even make it illegal.
The United States becomes more and more financially isolated by the rest of the world. China, Russia, India, and many other countries are waiting for the US to crumble from within, as it has been for decades, by design, [Rothschilds, New World Order, illuminati, Bilderbergers, etc, take your choice. It has happened].
Those still in power will do everything they can to maintain it. In the process, they will destroy the economy [already in process], civil liberties, [just control remains as a major obstacle], the means of earning a living, [yet an other one, food stamp recipients at all time highs, Medicare usage through the roof]. It will get ugly, especially for those less prepared, like those who chose not to buy gold or silver at any price when they could.
Here are a few other considerations:
Government confiscation - Not very likely. A replay of the 1933 Roosevelt Executive Order scam makes little sense. Back in the 1930s, much of the public owned gold and silver as a form of money, which it was, then. Today, how many households actually own and hold gold and/or silver? 1%? 2%? Whatever the number, it is small. People since have been "dumbed down" about owning gold and silver, for it is no longer a part of currency, fiat or otherwise. Even if there were some attempted form of confiscation, those who do own and hold PMs are not [as] susceptible to government-sanctioned theft.
Devaluation - This one could catch a lot of people off guard. Most Americans think it only happens in poor, or debt-ridden countries, [Hello!] Welcome to the Third World America. The illuminati have long had plans to enslave this country, and it is almost a fait accompli. 20%? 50%? Again, no one knows, but odds are heavily in favor of devaluation. A huge reason for accumulating PMs, [at any price].
Government Bail-ins, and/or confiscation of a different kind. Was Cyprus a template? Absolutely, and not by accident. Nothing, absolutely nothing happens in the banking world that has not been sanctioned, not by just the central banks, but by the controller of ALL central banks, the Bank of International Settlement, [BIS]. This is where the head of the illuminati rule, unseen, unaccounted for, but they measure every "dollar" they deem you should be "earning" for your slave labor. The BIS is the Rothschild formula in action. Lend out fiat, demand actual assets in return payment.
M F Global was a form of [uncontested] confiscation. Printing fit-to-infinity is one of the most insidious forms of confiscation, via inflation, [since 1913 when the Federal Reserve Act came into being, and the NWO took power of this country's money supply.
"Give me control over a nation's money supply and I care not who makes the laws." Mayer Amschel Rothschild. Give the man credit, he did warn everyone in advance.
Another potential form of government confiscation will be forcing public pensions, for sure, and eventually all forms of retirement accounts to buy [worthless] government bonds.
Civil war, [government induced], social upheaval, revolution. These are the more extreme forms of what can happen that will impact the [worthless] "value" of fiat.
Whatever the reason[s], it does not matter. What does matter is that you have PMs and that you continue to buy them because the end is near. What no one knows is when or how it all will end. What seems to be truer than not is what we expressed in the opening, whatever your expectations, they will probably fall short.
There is increasing recognition and discussion about PMs decoupling of prices from the [diminishing faith in] COMEX and LBMA, and how paper prices are a joke relative to actual demand for the physical. We noted in a previous commentary that despite that recognition, the paper exchanges are still in "control" [at least for now] of PM pricing. We see nothing in the charts that suggests otherwise, yet, so here they are, just for drill, and reference.
Chart comments show monthly price is in an oversold condition, [oversold can easily become more oversold], and at a 50% of range possible support. One does not use the monthly for timing, but for context.
(Click to the site to view all the charts)
(snip)
Ping.
Not in the lifetime of anyone reading this will gold get to $10,000 an ounce.
Me thinks a shill that bought at $1,900 is trying to move the market back up so he can recover his loses.
Yup
Goldbug ping.
Metals are down, and may go down further. Great. Buy 'em if you like 'em. They'll go back up sooner or later. And that's as good as you will get from any of these einsteins.
I remember the Tea Party guy from the Chicago Exchange saying Gold was no longer any good because of what ETFs had done to it. Couldn’t follow the reasoning but it seems he was right on the money.
Last I checked physical gold and silver are selling higher than the fake spot price.
You don't want it on paper or in a vault with a bank or private company or at shipping distance. Why do I say that? Just an intuition.
“Me thinks a shill that bought at $1,900 is trying to move the market back up so he can recover his loses.”
I doubt the writer thinks he has such sway over the markets that a blog post will recoup his losses. Most people write because they like to think someone somewhere is impressed with their ideas, but markets couldn’t care less.
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you. 2 Your riches are corrupted, and your garments are motheaten. 3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. 4 Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth. 5 Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter. 6 Ye have condemned and killed the just; and he doth not resist you.
There was a requirement to report sales of gold or pm over $600 but I guess that has been repealed.
Can someone on this thread please explain to me why VGPMX has been tanking for the last two years? Yep, call me an idiot: I can’t for the life of me figure out what’s up with hundreds of metals and mining stocks that are collapsing, and collapsing, and collapsing.... Is there no end in sight?
The sign I will look for is when gas prices start to fall.....because no one has the money to pay for it.
This is the kind of article you usually see in that Democrat propaganda publication, ‘Business Insider’.
Well, it sounded good...to me anyhow. I’ll go with your take on it.
FIAT Givernment money is worthless... a house of cards..
scratchy toilet paper, america is rotting.. maggots are eating it...
Hold gold... buy more when it gets cheap enough..
I’ll take that bet.
I didn’t say I was willing to bet on it. I was just figuring the GOP will get a spine and brings the nations fiscal house in order. As I said, I am not actually placing a bet.
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