grumpy-old-man

GOLD $5000 - $11,000 an ounce, just listen to the reaction of the CNBS talking heads: From: http://www.youtube.com/watch?v=7gSnV_krW0U

it's very hard at the moment for the property owning, fiat holders...spare a thought for the poor souls.

I have the fisch, it is very simple & very good. Ken is still shipping them.... combined with the ring test........ most bullion traders I am told can spot fakes 99% of the time, I would not be able to do that by touch/eye.

they were great for me, I got the recommendation from GEI posters asking a similar question like yours..... ensure you qualify exactly what you want via email.......do you want your bars stamped/serial numbers on them etc......

deck chairs don't need rearranging any more:

I haven't looked at the link yet but Reinhardt had this to say on the matter last year, a lovely phrase: "markets are crashed to pay for the bridging of divides" he also said this is the biggest transfer of wealth in modern history, from the middle class to the upper class elites.

yes I also thought this and commented many times. Many people took the gold ads as a top in gold, a shoeshine moment.......I thought exactly the opposite because it was sell manoeuvre to the sheeple, not a buy manoeuvre

so no $800 or $600 gold then? not for a few years/decades anyway.

a quick little vid: From:

http://whatisthatwhistlingsound.blogspot.c...;max-results=50 some snippits: "The Market Is Drunk!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Quote The gold to long bond (30 year) ratio just crossed the 200 day MA today. We have been watching this ratio for some time as it indicates how the market perceived the safety of gold vs sovereign bonds since both are considered safe havens. A high gold to bond ratio is a sign of sovereign illness, rather than strength. Note on the 3 year chart how this ratio has been climbing steadily. We are double the rate we were in 2008. If the ratio climbs above 10 again and stays there, we are in hazardous territory. The last time we were in this nosebleed territory was in 1981 during a deep recession. As the economy recovered the ratio declined - in other words bonds outperformed gold after 1981. Then in 2002, the ratio bottomed out and began to climb during Allan Greenspan's tenure. The danger, as I see it, is that if a more responsible approach is not taken with US finances soon, gold will continue to outperform bonds and we could see a surge of dollars into gold and a crash in the bond market. If the bond market crashes, that will leave the economy with a terrible hangover. The unspoken threat, is that a bond market collapse could also trigger a run on the dollar, leading to severe inflation (even though we are in a deflationary period currently). This is the nightmare scenario. A collapse in confidence in the US dollar. Hopefully it never plays out."

yes, the level of stupidity and greed amongst our fellow humans never ceases to amaze me. Just when you think we have run out of stupid people, along come some more.....

worth watching again also: From:

I'm sure this has already been posted (prob by you Goldfinger/Silverfinger ), but I think it warrants another 'watch': especially from 1.05. as we already knew though.... From:

well I must be fully, fully, fully in then, if 60% means fully in.

must.......resist.......urge........to............get.........involved.......... ......arrrrgggg.............this ...............is................extremely............difficult.

I bet we will find out next year that a lot of the large hedge funds have been buying metals........whilst publicly stating they are doing otherwise.....h'mmm there was that huge US Uni hedge fund that have just gone public & invested $500,000 iirc in paper gold (which is a start I suppose)

c'mon silver lady $30 next target.....

I do hope so Pixel8r, I feel that silver is so undervalued.

saved before it drops back down next week: nearly there now.......

http://www.housepricecrash.co.uk/forum/ind...t&p=2692059

nice