wee Jinky

How times have changed. Over a week gone by and no comments on the 1511 post GEI gold thread

 

As you recall i have said before that Gold is just a commodity like ammo or sugar or oil. Somebody has to have sufficient wealth that they can afford to buy it and justify holding onto to it when there are other things they need to buy.

 

The fact is we are now all quite a bit older and for sure while Gold has risen hugely in price since around 2008 or whenever it was when i first turned up on this forum after GHPC collapsed, for Gold to rise in price you need to find more people who have a need to buy gold where the number of people buying gold to speculate on a higher price is not likely to be so high in a situation where even while there are huge problems in the world it is not so far getting much worse than it was back in 2008

 

You guys need some kind of a game changer and I cannot see it around at the moment. Sentiment has to be against you for the time being and without sentiment you are in a bit of trouble since there is a huge oversupply of gold relative to people who need to buy gold to make a living via work

Its not about Joe public buying the odd sov its about nations like China buying thousands of tonnes.

Its about JPM stuffing their private gold accts full

Its about the GOFO rate turning negative.

Its about the Comex and LBMA stockpiles depleting rapidly

Is that happening ?

If all you are doing is watching the spot price on a ticker then you aint getting the bigger picture

I bought one of those 2 weeks ago for €670 from

http://gold-silver.be/fr/51-snake-1-kilo-2013.html

It's a stunning coin ,I showed it to a workmate and he ordered a 1kg snake a 1kg koala and a 1kg kookaburra

and that was his 1st ever purchase of silver

my largest coin before this buy was a 5 oz America the beautiful (gettysburg)

which I was rather dissapointed in

http://silverdoctors.com/cnt-sold-out-of-all-physical-silver/

oh dear what a shame never mind

We are heading for financial collapse

gold and silver will be the last man standing

the price is collapsing because the cabal are trying to scare you away from owning it

they want it all for themselves

physical demand is increasing in correlation with the price dropping

throw your charts away switch off CNBC and keep stacking while you still can

gold is the currency of kings silver is the currency of gentlemen barter is the currency of peasants

debt is the currency of slaves and paper is the currency of fools

which one are you ?

I believe a collapse of the housing market is the plan

theres a lot of people with a noose round their necks already and lots of lovely assets to be

removed from them for pennies in the £. Maybe they just want a few more sheeple to add to the

pile of misery thats coming. My incredulity is that people would actually fall for this again .

London cannot drag the rest of the UK higher

the rest of the UK is maxxed out . Do they start raising the multiples again ?

Bring back liarloans ? 125% mortgages ?

If London goes up its just the influx of foreign money into the elite areas

do these investors pump their money into Glasgow or Newcastle ?

How many new btl landlords are going to get onboard ?

How many old btl landlords fancy another spin on the roulette wheel

Let London inflate and let this bubble of corruption burst

i should have added what a lovely property it is and am surprised that there is so little interest shown.

The only other suggestions I have would be to try advertising it abroad (for free if poss)its exclusive enough to stand out

Try auctioning it off with a reserve of your choosing

or consider a swap for some London based property (dont know if the fees from 2 transactions would be damaging or if a direct swap for a Chelsea flat would negate that) A quick word with a London based EA would clarify the feasability

Must be some Londoners looking to "escape to the country" so shove the details in their face and take their selling concerns away

I do realise this may be jumping from the frying pan into the fire

In the meantime I'd get digging that hole

Good luck

http://www.reuters.com/article/2013/02/04/us-autos-electric-hydrogen-idUSBRE91304Z20130204

the battery car may not be feasible

http://online.wsj.com/article/SB119370066239175607.html

you never know

we may need to look at a similair system to trains

overhead cables or a side rail where power can be accessed

As our motorways have already blighted the countryside maybe

the installation of wind turbines/solar panels along the route would meet less opposition

and help provide clean energy for clean vehicles directly

Don't panic don't panic -in a manipulated paper market you can throw the charts out the window

the $ is fatally flawed , all fiat is being printed to infinity , the debt is exploding, gold/silver will be

the last man standing. Scaring people away from the physical is priority, accumulation of the physical at lower prices

is what the smart investor will do .

Politicians work for the bankers

The bankers will want the bust for profit and to complete the cycle

In 20 yrs time once this generation have moved on then the new generation

will go through the boom and bust of property ownership once again just as this generation

did after the 90s

There is no money left to be made in supporting the bubble but theres

plenty of profit to be made from a collapse .

The asset transfer of the real estate at bust prices to the elite gives them

the building blocks to rinse and repeat . This is part of the long term game

Politicians will come and go -they will do what needs to be done and move on to

a more lucrative career in eh banking perhaps . The boom wasnt about making the peasants wealthy

The wealth they assumed they had in bricks and mortar was an illusion ,what they really aquired was debt

and bucket loads of it . Conservative and Labour are the ying and yang , they are not there to give us wealth and freedom

but to deprive us of it .The end game is to keep us enslaved . The carrot and the stick may be carried by 2 different hands

but the hands belong to 1 body .

Nothing in politics happens by accident -it is all planned ,it is only by seeing the plan that you can act to avoid the damage

Its usually the worst areas that are the last to benefit in a boom but the first to be affected by the bust

The last time (80/90s) boom/bust occured it was the rise in interest rates that led to the collapse

This time it started with the inability of banks to keep the lending going at higher and higher multiples of income.

They resorted to self certs and interest only deals and cut rates to the minimum , the bust that had started to unravel

was temporarily reinflated as repos were temporarily put on hold

The cost of everything else however was on the rise and wage settlements didnt make up the difference.

The illusion was that property was still a good investment .

In moneyspeak I think they call it a bulltrap

Last time it needed rates of 15-18% to blow the game and provide lots of real estate to the cash rich

at a 50% reduction ,this time will require a far lower rise . The bubble is far larger this time round and it has

captured the entire nation not just the SE . The people have had years of MEWing and the indebted are everywhere.

When the bankers create booms to profit by they also plan the bust because they profit from that as well

so I expect when it all plays out that nowhere will be left unaffected especially the SE.

The 2008 mini bust came too soon ,the banks had overstretched themselves through greed but the bail outs

which the people unwittingly funded gave them time . I feel the time is now right to start the collapse , as long as the cost of living keeps rising then those mortgages become unserviceable even without a large rise in rates .

London will not escape , in fact when more and more people decide to move out to the more affordable areas it may well hasten the demise

Think Arbitrage !

 

Some of these places may be good to live in

theres a reason they have fallen more than other places

Think toilets !

Its manna from heaven for stackers

those who know where the silver prices are going will take full advantage

How can you listen to someone who says housing is ridiculously expensive which could drop by half (in a time of zero% interest rates)

and the solution is a housing boom with zero percent interest rates

He's as mad as a box of frogs

that may be your mission ,its certainly not mine .

I'll tell you how it works

We have an elite that control the rest of us

they have the politicians to make the laws,the armies and police

to subjugate the people and the MSM to BS us down whatever road

they wish us to walk .They dangle carrots to encourage us to work harder and longer

then they whip the carrots away once we are of no more use to them .

They create boom and busts ,they profit on the way up and they profit on the way down

The housing boom was a get into debt boom - education education education was an

enslavement project to keep the young off the dole and issue them with worthless degrees

while indebting them for years to come .

We used to have elderly hospitals that the people paid for through NI and Income tax

what do we have now ? private care homes that you are forced to pay for (again)

by having your home stolen from you to pay for that care .

The bottom line is the people create the wealth (private and public sector)

and the elite steal it back

Its the longest running Ponzi scheme in history

I think your anger would be better focussed on those at the top of the tree who award themselves vulgar pay packages

the top 400 people in the US have more wealth than the bottom 150m combined

Did they create this wealth on their own or did they rely on the peasant to actually go out and do the graft

To extract the coal the ore the oil etc .

During the booms its the private sector workers who reap the rewards

when it all goes pearshape due mostly to their greed they point the finger at Joe sixpack

There may be a few at the top of the public sector who have their nose in the trough

but for the vast majority to refer to them as parasites is disgraceful

Who was it that caused the depression of the 30s ? speculators or coalminers?

who caused the banking meltdown in 2008 ?

How many Billions are written off every year from private sector liquidations

and who pays for their mistakes ?

How many times has Donald Trump gone bust yet re emerges living off other peoples money

Theres a parasite for you

Have you any ideas of the risks of entering a burning building ?

or working in temperatures of minus 28C for hours on end

or being attacked by angry mobs for putting out their bonfires

or even surviving long enough to enjoy a pension due to the toxic

fumes you encounter daily just doing your cushy public sector job

Have to agree JD -calling Public Sector workers parasites is both arrogant and ignorant

I've had many jobs in private and public sector -I'd like to see Bubb come and work with me

as a fireman in the Wine Alley in Govan and see how cushy life is

He'd be screaming to get back into his comfy chair pushing buttons on his PC within 24 hrs

One of my Goals in life is to own a small holding. Long way from being able to do that at the moment.

 

 

and to think in days gone by one would be referred to as a peasant

but then they drove us from our lands and replaced the people with sheep

as we were coralled into urban slums and forced to labour in factories

just to pay for them, and they say they abolished slavery !!

Assuming you are correct and there is many multiples of gold out there

than we have been told , is the same also true for silver ?

Considering that the ratio in ground is 10-1 that would make for

so much silver that we couldnt even refer to it as a PM

Now its always good to be open minded about all possibilities

and should a gold standard be re introduced it allows the ptb the ability

to QE the gold market .

Are you convinced enough as to the non PM status of gold to stop buying it

you have said you will buy at sub $1600 which I dont understand

or are you hedging your bets on what may or may not be factual.

For me its just an insurance policy against collapse

10-15% in PMs may save me if it all goes t*ts up but it wont bust me

if it collapses.

isnt it obvious

they landed in California and built the railway Eastwards

"$1764 is the level where Gold will take off!"

That was not the quote

$1764 is the level at which gold "could" go exponential was what was said

It was also said in other interviews that $1764 would be a long drawn out battle

which it has proven to be

As with MF Global when the paper ponzi collapses many people

like Celente will be left holding paper promises

There is nothing safer than buy and hold

Try and order! Ask them why stuff can't be delivered and they'll explain.

just ordered from cid yesterday

delivery to Belgium -no problems