GOLD AND SILVER CARSHING!!!

anybody see silver going to $300?

Weimar Germany Gold & Silver Prices
DATE SILVER GOLD
Jan 1919 12 170
May 1919 17 267
Sept 1919 31 499
Jan 1920 84 1,340
May 1920 60 966
Sept 1921 80 2,175
Jan 1922 249 3,976
May 1922 375 6,012
Sept 1922 1,899 30,381
Jan 1923 23,277 372,447
May 1923 44,397 710,355
June 5, 1923 80,953 1,295,256
July 3, 1923 207,239 3,315,831
Aug 7, 1923 4,273,874 68,382,000
Sept 4, 1923 16,839,937 269,429,000
Oct 2, 1923 414,484,000 6,631,749,000
Oct 9, 1923 1,554,309,000 24,868,950,000
Oct 16, 1923 5,319,567,000 84,969,072,000
Oct 23, 1923 7,253,460,000 1,160,552,662,000
Oct 30, 1923 8,419,200,000 1,347,070,000,000
Nov 5, 1923 54,375,000,000 8,700,000,000,000
Nov 13, 1923 108,750,000,000 17,400,000,000,000
Nov 30, 1923 543,750,000,000 87,000,000,000,000

hmmm was weimar germany controlling the WORLD reserve currency!!!! NO FAIL!!!!!!!!!!!!

REMEMBER IN 1980's when gold was at 800? ALL the conspiracy nuts said buy on dips. THEY turned out to be the DIPS>>>

LMAO - or the tech bubble. These are horrible comparisons. Everyone even pop pop and mom mom were flipping properties in the housing bubble. 1.5% participation in PMs. You're way too early. Real negative interest rates, rising unemployment. When interest rates were hiked in the 2000s gold still went UP. It will be the same thing this time, if and when they ever raise rates.

This, gold will always have more value than paper.

retard.. dollar is no up big.. stfu until you grow a brain

Hey braintrust what was our debt level and M2 at that time.

As I can see you're a little slow the debt level is the money we owe and the M2 is the money that is in circulation.

Ok now I wait for an answer !

Another overblown statement since gold was only at these levels briefly on a day or 2. Its as if all the goldtards bought gold on this very day at the very top. Far, far from the truth. The truth is they started buying years earlier, some as low as $35 an oz.

So I should be able to pick some Gold up for $35 soon? Maybe the next 3 trillion we print?

Hey punk-ass you forgot to add in a few things so I will list them


Debt
M2
Housing is in the dumps and no one can afford their mortage
China
India
Central banks buying instead of selling
and a world market intertwine.
ETF's
Delevery of physical vs Paper certs for metals

there are more but this is the basics of why its different than 1980

Lol...."before all gains are lost"...

Gold would have to drop back to 800 an ounce for me to lose out.

Indeed. There are many, many good reasons to own gold regardless of the naysayers belief that it has no value. It does to me. And it does to enough others too- they just might not reside in America.

Last Edited by Chucklebutt on 07/31/2011 07:23 PM

It's not a comma dumb ass. It is caled an apostrophe.

Put you head back in the sand. Clueless!

PaY ATTENTION, these are the same arguments from 2000 and 2007, YOU have MAYBE 18 months till the TOP is in. Yes it will rise, be prudent. Just some wise advice from someone who is all in... NOTHING goes up forever

That has to be a tongue and cheek statement. Thats the way I took it anyhow. I mean, if they meant that as it sounds then DAMN GOLD IS GOING TO HEAD TO THE MOON.

"they just might not reside in America"

That right there is a huge statement as most of these asshats only think of America and forget, because of greed, that there is a whole world out there that does not believe our goberments bullshit either !

Goodday to you sir.

Im not all in and I do pay attention. I was buying long, long ago. These are the same arguments because nothing has changed except the risks are even greater. The population is far greater. All those tens of millions of Asians being born today and everyday will want to buy gold in a few decades. Of course, cotton and sugar are as good as a place to put your money. I just cant store the stuff. And neither can they.

QE3 Bitchez--Dow 15,000- Gold-2,000-Silver-60.00

Sonn as they get the $$$$ from the taxpayer.

This ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Absolutely. All those poor bastards that sent money to money managers via their 401-k's will finally see the DOW break above its all time high.

There are too many dollars in circulation to anticipate collapse.
In worst case we may see PM price going up 30% per year but remember that you'll buy less with more bucks .
Best bet? Keeping what you already have , unlike stock market PMs are guaranteed investment to preserve wealth

i have noticed for the first time that CNBC and BNN television channels - most, if not all of their traders are saying that gold has not reached its peak value, and that it is best to back up your porfolio anywhere from 10-50%. Most traders are quite conservative with gold around 10%, but most profolios are only 1-2% in gold, and in very insecure paper stocks at that. Hence I think if at the most conservative value, gold has to raise by a lot no matter what, if this seems to be the new trend.

This is funny because just a few months ago most television stations were saying the opposite. most people were saying gold is a bubble and that the US will never crash or default or anything. business as usual....

But all that has abruptly ended.... people are saying that they never saw it coming.. well i've been telling bankers this for year. most of my friends have laughed at me....

i think the most terrible thing is having to watch other people your care about eat their words. its not fun seeing people in denial getting cut down like trees. it might happen, and I'm not happy about being right.... :(

indeed.. we are entering the final phase of the PM rally, It will go vertical, parabolic, just like in the 80's, just don't get caught holding the bag or buying the dips down from 10k /oz

The only thing is that they will think they are making money but, not to mention the depreciating dollar through inflation and add in the taxes they have to pay on those gains. Inflation is running @ almost 10% so if I put a dollar in the bank @ 2% interest and then pay taxes I am really making negative -9% on my money, So in 11 years that money is worth 0.

Oh, I love the fractional reserve system.................LOL

It's a sick sick world for the dollar savers.

Shit, when I see gold going up in a parabolic fashion I'll be selling some. I have my insurance stash but homey dont wait and try to wring out every cent before he sells.

The only thing i'll add is that, who knows, maybe the final phase doesnt really blow off for a few years yet.

Last Edited by Chucklebutt on 07/31/2011 07:51 PM

I think the single biggest thing that will effect us, in the future is "The Market" itself. Most 401K and IRA holders are in it by default and cannot move the money where they see fit. The Price discovery basis for the market has been removed buy the infusions of money through POMO interventions (100's of billions have been injected into the market for the last few years). The problem is how will they sell those purchased securities/equities (unwind) back into the market now that everyone is broke and no one trusts the market enough to buy back into the ponzi scheme. ?????

That's the real question as far as I am concerned.

My answer is................They can't.