narco

The entire economic landscape will have changed a lot by then. I'd imagine most of our favourite retailers would be non existant by then. But silver eagles will be ideal in barter situations as would any recognised silver bullion coin... Gold is limited for these kind of transactions unless you are bartering for large items such as cars or real estate.

I'd always recommend holding a stash of silver coins close at hand as they are the ultimate hyperinflation hedge imo. I'm not planning to do any weekly shopping with Krugerrands. Forget about the VAT. Silver is very very good value.

Looks like a good week for PM's coming up and a bad one for the financials. Silver looks especially bullish and I'm already loaded up. BTW. Check out AMBAC and MBIA. Looking just about ready for the graveyard. http://finance.yahoo.com/echarts?s=ABK#symbol=ABK;range=1d http://finance.yahoo.com/echarts?s=MBI#symbol=MBI;range=1d

The cartel really had one hell of a bash at gold to take the price below the trend. How obvious was that!

lol have to check that out

Some late night viewing on the destruction of the dollar via the Fed losing all credibility. Well recommended. http://www.bloomberg.com/avp/avp.htm?clipS...5SLFncnzYHc.asf

Oh it was an old online gaming nickname from years ago. No idea where it came from.

I'm a little concerned about any TA right now. The credit crunch is still threatening to bring down banking institutions and oil is extremely volatile right now. It's certainly not a time to be parting with precious metals imo.

Clive Maund presents a technical case for a major commodity correction, including gold and silver. http://news.goldseek.com/CliveMaund/1206894827.php

Heres what gold lease rates did before gold went on it's acent in August.

Interesting. Still not sure of the correlation

I was under the impression that lease rates are on top of the base rate? Didn't we have a similar thing with silver last month?

Here's an interview with John Williams from shadowstats.com after the Bear Stearns bail out / gold correction. This guy is the authority to listen to regarding US money supply data. http://stockshotz.neogentrading.com/2008/0...w-03212008.aspx

Check this thread out. http://www.housepricecrash.co.uk/forum/ind...=72220&st=0

All their coins have arrived new unless otherwise stated (ie - sovereigns or various dated other gold coins).

Did anyone listen to this recent interview with Zapata george blake? I was very interested to hear of his thoughts on immediate oil shortages and a massive price spike incoming. http://commoditywatch.podbean.com/2008/03/...than-you-think/

Which is why I like Gold and Silver even though the price maybe lagging recently in comparison. Gold and silver is real money and always will be.

I posted this on HPC other day and got laughed at. http://www.housepricecrash.co.uk/forum/ind...t&p=1026548

GF will love this one http://www.housepricecrash.co.uk/forum/ind...75&start=75 The motto is here... Don't try and short a primary bull market.

lol GF is back.. Looks like the correction is well and truly over

I can't totally discount a 1975 style recession hit on gold completely which may leave it trading at a fair bit lower for quite a long time. The TA charts show fibonacci retracements back towards the $800 and even $700's. Then again I can't rule out gold doing a Platinum style parabolic move up and then settling much higher for a while. All I'm doing is holding firm and adding to my stash at every available dip and opportunity.

US Treasuries are surely the biggest turds out there.

I think $1200 sounds reasonable this year. I am not ready for THE big parabolic run up just yet.. I think we'll see $1500 in 2009 and possibly $2000 plus during 2010. The big bloff off top is surely 2011 to 2012. Who knows how high it will go then.

The fundamentals for owning gold have not changed one bit, even if the commodity bull goes through a period of correction. If gold pulls back to the $800's, just add to your postion and do not be shaken out. Anyone selling gold right now will live to regret it further down the line.

For sure. Gold isn't a 'promise to pay' but the actual payment. In the event of mass bank failures, an initial deflaionary situation would turn massively inflationary where deposits are guaranteed (to 35k) by the printing press. Imagine them try that on a gold standard.