by narapoiddyslexia

on Fri, 04/29/2011 - 22:01

#1222977

I'm not familiar with the Comex rules. To me, they are irrelevant. What is happening in the greater world is that the monetary structures that have obtained for decades are coming apart and the entire world is realigning. I strongly suspect we are headed back to a metal standard currency, and I think all the sovereigns think the same thing. Hence, China and Russia have stopped exporting silver and gold and China is raping the earth extracting more gold from its own mines as fast as it can. The captive Chinese miners produce gold for ~$500/oz and are forced to sell it to the state for ~$1000 and it disappears. Moreover, China, Russian, Brazil, India, and South Africa meet in China and start to organize another currency regime and the US is not going to be allowed to play. The odd man in that combo is South Africa, which has a minute economy compared to the others; so why is South Africa invited? Gold, plain and simple. China and the US are the 800-pound gorillas, and they are circling in the ring. Everything that happens on the Comex is as important as a piss in a hurricane. Sideshow, plain and simple.

by Banjo

on Fri, 04/29/2011 - 18:03

#1222344

BRING IT!! MOFOS!!

Don't forget to get your hands on the physical. Purchased another 64oz silver two days ago (Australia) 4-5 week wait 2kg bullion bars.

I went to the bullion store at lunch and the queue I estimate to be at least 2 hours duration. I had to go back to the office and place an order by the phone. I much rather talk the to guys and girls in the office that have been looking after me since 2008.

I had a chat about the queue and joked they should be expanding and they informed me they have purchased additional office space on the same floor. This thing is just getting started.

A year ago I was able to walk in and walk out with 10kg-15kg silver no problem.

I do accept that we could have violent pullbacks heck $49.5 to $44-45 is a huge swing we experienced recently. I remember piling in about 10kg around January 2011 and it dropped 10% (not happy at that time but Im hanging on riding this raging bull)

Aussie dollar rising has limited my upside gains in the physical metal, the upside is I can buy with a stronger currency as I accumulate.

by Dollar Damocles

on Fri, 04/29/2011 - 18:14

#1222380

In 1933 when the gold nationalization took place they sealed all safety deposit boxes and you were not allowed to open it without a bank rep and an IRS rep present. If there was gold there, you left with cash. The only thing dumber than keeping gold in a bank deposit box would be buying physical bullion and then throwing it of a pier with a blind-fold on.

Not to mention the fraudulent theft of safety deposit boxes in CA, or the massive police raid of deposit boxes in the UK for the purposes of confiscating money from organized crime. But the people who were totally innocent were also fucked, not to mention they had to show up and explain the contents of the boxes and where they got it from.

If you have gold in a bank, you HAVEN'T BEEN PAYING ATTENTION.

Oh and one more thing... Go watch a documentary on the hyperinflation in Argentina. Maybe you will notice something... oh yeah, that is it, all the boarded up banks that people are protesting outside of. Got gold in there? Good luck. Or how about the bank holiday here in the US on 9/11? Fucking a you get the damn picture yet?

by Ben Bernanke on Fri, 04/29/2011 - 19:01

#1222520

RE: "...The majority of people who buy gold are the same people who think JFK was killed by the CIA and that 9/11 was a conspiracy..."

Yeah, so whats your point ben???

quite a good 1

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