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Survival and Preparations Long and short term survival and 'prepping'.

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  #281  
Old 09-20-2013, 6:15 AM
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Quote:
Originally Posted by Uxi View Post
Looks to me like it's headed back to $25
Knee jerk to the bernak's capitulation.
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  #282  
Old 09-20-2013, 7:17 AM
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Down 5%

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  #283  
Old 09-20-2013, 6:14 PM
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Metals took a hit today due to continued strength in the US dollar. That strength is due to the dollars dominance in world trade. No other currency comes close.
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  #284  
Old 09-20-2013, 7:17 PM
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Quote:
Originally Posted by Hoologan View Post
I predict people will start cutting their loses and we'll see a massive selloff soon. This is only my opinion.
Profit taking. Everything has its bubble.Gold can't feed you, clothe you or put a roof over your head.
I'm diversified,powder ,primers, lead,cases, bullet molds etc.
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  #285  
Old 09-26-2013, 1:05 PM
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Sept. 26th

Gold $1324
Silver $21.75
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  #286  
Old 09-26-2013, 1:07 PM
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Originally Posted by TheChief View Post
Just checked, gold is at $1482 and silver is at $25.70 an ounce. These have not been this low in two years.

Thoughts on the next year? Time to buy or time to sell?

Thought I'd note the OP.

$1482 then $1324 now. Lost a $158 - enough for three bricks of 22LR even today.

$25.70 then (silver) $21.77 now, - loss $3.93 maybe a box of 50 rounds of 22LR

I think I'd rather shoot the ammo then lose it trading in PM's.
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  #287  
Old 09-26-2013, 8:26 PM
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jpkar, hold on to it. You'll see it hit a low in December, possibly stay low through February. March will see the market crash and you'll be glad o have kept your gold.
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  #288  
Old 09-26-2013, 10:18 PM
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Quote:
Originally Posted by akjpresby View Post
jpkar, hold on to it. You'll see it hit a low in December, possibly stay low through February. March will see the market crash and you'll be glad o have kept your gold.
Explanations on this?
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  #289  
Old 09-26-2013, 10:35 PM
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Explanations on this?
Everyone has one.
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  #290  
Old 09-27-2013, 7:49 AM
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Quote:
Originally Posted by jpkar View Post
damn it
once you have gold where is the best place to sell it
if its worth 1324 today how much can you sell it for and where?
Today it's $1,341 and I'm a buyer. Gladly give you $1,325 for your loss
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  #291  
Old 09-27-2013, 9:40 AM
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My speculative explanation: stock market hover around mid 15k due to holiday shopping. The dollar is still, pathetically, the worlds strongest currency. QE remains. All this will bring gold/silver prices a bit lower until the tapering begins after 2nd quarter.
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  #292  
Old 09-27-2013, 11:04 AM
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On the TAPER.

It's funny how we think the Feds can actually stop the taper and not replace the printing with something else. With the next years committed expenses we are $18 Trillion in debt. The Feds are buying our debt because no one else will in the quantities needed. The Gov. only collects $1.1 Trillion in income taxes of its people. To service our debt costs roughly 3% or $540,000 billion a year, but this figure is cheap based on historical averages. For every 100 basis points(1%) the treasury interest rate rises, the peoples must come up with $180 Billion or 16.36% addition income taxes.

Historically, rapid rate of inflation equals higher treasury rates, economic slowdown or recession, depression equals lower rates. So too will be the amount of taxes generated washing the system to an equilibrium. Our problem is as far as the eye can see, is we are burdened with $1 Trillion in deficit spending annually. This means a 9% increase in taxes annually or a lower standard of living, we get a mix of both currently and some off setting of higher fees/taxes for businesses who haven't fled the country. This in turn causes unemployment and reduced wages.

So when it comes to stopping the QE/printing, like Peter Schiff says , it ain't happening, something WILL replace it.

Since Congress refuses to balance our budget, we as individuals must prepare ourselves for continued reduction in our standard of living. This is not so easy as our Freedoms are being suppressed on a weekly basis. Land and metals are hard assets they just don't make anymore and we see people flocking to them. We have all heard the rich buy income producing land and how some Tom Dick and Harry are buying precious metals (fact, PM sales are through the roof globally).

In the end, I can make gun powder, grow food, desalinate the ocean or capture rain but I sure can't grow an Island or create Gold/silver out of anything.

So the next time I hear someone say, oh yeah the taper will end, excuse me if I giggle because it is mathematically impossible, or when someone says PM's are stupid to own in a physical form...carry on, I enjoy the discount !

http://leverageacademy.com/blog/2011...ar-ticker-tmv/

Last edited by sixoclockhold; 09-27-2013 at 11:42 AM.. Reason: mix of words
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  #293  
Old 09-27-2013, 12:30 PM
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Why one has to have nerves of steel to buy physical metals or any financial instrument.
=============

“If the CFTC discovered that the rigging of the monetary metals markets is essentially government policy, being conducted through intermediaries, then it would not be able to act against government agents.


By federal law, the Gold Exchange Act of 1934 specifically authorizes the US government to rig not only the gold market, but to rig any (financial) market surreptitiously through the Exchange Stabilization Fund. If the CFTC has discovered that market rigging is taking place because of US government policy, then according to law there is nothing to be done about it.”

“I bumped into the Exchange Stabilization Fund and JP Morgan back in 2001, when we were underwriting Reg Howe’s lawsuit against the Bank for International Settlements, the Fed, the US Treasury, JP Morgan, and other bullion banks. Reg was charging them with gold market manipulation.


In one hearing I attended in US District Court in Boston, an assistant US attorney got up, speaking on behalf of the US government, and he said that the US government under the Exchange Stabilization Fund Statute, the Gold Reserve Act of 1934, had precisely the power to interfere with the pricing of gold that the lawsuit complained of -- that is, a US government lawyer declared in open court, in 2001, that rigging the gold market as government policy is totally authorized by law.


You will find the US Treasury Department quoting the Gold Reserve Act as saying the Exchange Stabilization Fund can intervene, as I said previously, not only in the gold market, but in any financial market. This intervention power is essentially an economic declaration of war against every other nation in the world."

http://kingworldnews.com/kingworldne..._The_CFTC.html

=======
One has to question the fact physical gold is heading East. Is this because a default on our treasuries will cause severe pain to China/Japan unless they increase their Gold reserves? Japan just went crazy and said we will print instead, give China the Gold?

I'm expecting a reset of world reserve currency someday and possibly a confiscation effort at least in the west. Although the reset should compensate one with the new currency and reward those who saw the light early. Without fair compensation, confiscation won't work.

The powers that be just can't have everyone swapping green for gold, there just isn't enough to go around. Keep the price suppressed and whipsawing, making it distasteful to most.
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  #294  
Old 09-27-2013, 12:42 PM
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There's already precedent for confiscation at an arbitrary amount specified by the government. Too low could/would trigger a 5th Amendment suit, of course...
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  #295  
Old 09-28-2013, 8:13 AM
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I doubt there will be a confiscatory effort to what Americans have possession of, especially silver as its not worth the blood shed.

It does lead me to wonder about ETFs though. We know they only need 20-25% of their shares in actual bullion but if they are worth billions, hundreds of billions then confiscation of their holdings would be a pretty easy way for govt to do that.

America's market is too grand for the elites to waste over a monetary reset. The elites like the status quo, and have used govt / Fed to keep that status quo. With out a war to mess it up I suspect the status quo will continue for our life time....well I'm older than most.

PMs and other assets will continue to deflate once the printing ends.
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  #296  
Old 09-28-2013, 8:18 AM
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Buy high and sell low !!!
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  #297  
Old 10-09-2013, 6:32 PM
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Default I stand corrected !!

Gold $1324
Silver $21.75

although........ gold will likely bounce around in a tight trading range for the next few months, then do a swan dive heading into January of next year, where I expect gold will move below $1,178 and likely bottom around the $1,035 level, or just slightly lower, under $1,000.
And then I will tell you to "back up the truck" on gold. For, you see, during gold's ensuing new bull market leg higher it will finally play catch-up with inflation, it will also rise as European and U.S. governments fall from their perches into a heap of rubble and gold will begin an ascent that will take it to well over $5,000 an ounce.
Ricky Ricardo/aka Dezi Arnaz
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  #298  
Old 10-11-2013, 4:43 PM
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I wouldn't mind it dropping a bit more.
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  #299  
Old 10-11-2013, 5:08 PM
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Quote:
Originally Posted by 2112 View Post
. . . and likely bottom around the $1,035 level, or just slightly lower, under $1,000. . . .
2112, I concur on your forecast for gold. What's your best guess on the low for silver?
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  #300  
Old 10-11-2013, 9:37 PM
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You have to remember that the price of gold is no longer based on anything but greed. A must see for anyone interested in PMs http://www.youtube.com/watch?v=cd7x8jorSOA

ratled
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  #301  
Old 10-12-2013, 7:18 AM
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Originally Posted by ratled View Post
You have to remember that the price of gold is no longer based on anything but greed. A must see for anyone interested in PMs http://www.youtube.com/watch?v=cd7x8jorSOA

ratled

Thanks for posting, great vid, I will be buying moar....
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  #302  
Old 10-12-2013, 6:32 PM
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I've been following the Gold/Silver market for a while. I do a little technical analysis and based on what I see/speculate, there could be a double bottom coming within a month or so.

Gold/Silver hit a multi year low in late June and we may hit it again or possibly go a bit lower. If so, I think the 'cartel' will cover their remaining short positions. This could be an opportunity to buy if you believe that the PM's are going higher.

I could imagine high $15 for Silver as a one day event... Then head into a multi year bull market where the 'cartel' would be long.

Just my .02
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  #303  
Old 10-20-2013, 2:11 PM
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Where do you guys recommend as the best places to buy gold and silver?

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  #304  
Old 10-20-2013, 2:23 PM
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Where do you guys recommend as the best places to buy gold and silver?

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Providential has been ok
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  #305  
Old 10-20-2013, 3:30 PM
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These guys have always been honest and fair to me. http://www.providentmetals.com/?r=homelink/
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  #306  
Old 10-20-2013, 5:28 PM
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Is there any benefit to buying coins over bars or vise versa? I plan to get some of both.

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  #307  
Old 10-20-2013, 6:03 PM
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Also, what is the limit before things start getting reported to the IRS?

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  #308  
Old 10-24-2013, 3:44 PM
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Feds are going to have to hammer Gold/Silver, it hit $1,353 & $23.00 respectively today.

Shorts getting squeezed as supplies tighten.

Dollar continues its slide..79.21
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  #309  
Old 10-27-2013, 4:13 PM
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All one needs to know about where we are headed. Listen CAREFULLY to 9:00-17:00

Take aways: The liquidity will never be withdrawn. We were in a crisis equal to the depression and spinning out of control. We are going, but we will STOP again. Two choices, GO but with runaway inflation or STOP again ! Both options imo are good for PM's now since we have fallen in price.




A year ago he was right in predictions.

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  #310  
Old 11-12-2013, 5:19 PM
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If you're a stacker, this is music to ears as is the recent slide in paper metal prices, good time to continue acquiring. Silver premiums on Eagles are increasing, US mint to shut down 2013 minting early Dec. as I recall. Then a month of nada....Get em while they are hot.

China to import 30% more gold next year. Nice vault !

10 year rate is moving up again toward 3%...ouch on the budget.

http://www.bloomberg.com/news/2013-1...goes-east.html
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  #311  
Old 11-13-2013, 6:38 AM
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Still feels like a long painful slide downward for those buying at these levels.

Interest rates rising can't possibly be good for PM's IMO.
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  #312  
Old 11-13-2013, 7:49 AM
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Where are you guys buying your silver eagles? I want to pic up 10-20 of them for x-mas gifts. Best price I found locally is spot +4$
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  #313  
Old 11-13-2013, 8:06 AM
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GUYS

Diversify.......

Have #10 cans of food
Silver
Bullets
Cases of Pmags
Name brand bolt carriers
Reloading components
Stored gasoline
Bullets
22LR ammo in massive quantity (50k +)
Etc etc etc
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  #314  
Old 11-13-2013, 8:26 AM
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Quote:
Originally Posted by problemchild View Post
GUYS

Diversify.......

Have #10 cans of food
Silver
Bullets
Cases of Pmags
Name brand bolt carriers
Reloading components
Stored gasoline
Bullets
22LR ammo in massive quantity (50k +)
Etc etc etc
I see you've been reading my new book "Prepper Investing: He Who Has the Lead Makes the Rules" or the companion book "Prepper Investing: Trade Me All Your Gold for 50 Cents in Lead - No? Bang!".

In all seriousness, ammo is a good investment, even in good times. It rarely goes bad, it has intrinsic and utilitarian value, and it's readily convertible into cash when needed.

If you're looking at it as a prepper, copper wire of varying sizes, nails, machine screws, and basic hand tools are all good investments.
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  #315  
Old 11-13-2013, 8:33 AM
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Do any of you guys go metal detecting?
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  #316  
Old 11-13-2013, 1:57 PM
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Quote:
Originally Posted by db42 View Post
I see you've been reading my new book "Prepper Investing: He Who Has the Lead Makes the Rules" or the companion book "Prepper Investing: Trade Me All Your Gold for 50 Cents in Lead - No? Bang!".

In all seriousness, ammo is a good investment, even in good times. It rarely goes bad, it has intrinsic and utilitarian value, and it's readily convertible into cash when needed.

If you're looking at it as a prepper, copper wire of varying sizes, nails, machine screws, and basic hand tools are all good investments.
Yes, I have always considered my hand tools, 5 gallon buckets, screws ,nails and hardware as part of my prep.
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  #317  
Old 11-17-2013, 8:56 AM
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During the market correction that will come soon I predict we will get gold down to 1125 and silver we'll under 20. If we see any real financial bubbles break we might even test $1000 and $16.
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  #318  
Old 11-17-2013, 10:44 AM
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Don't PMs increase during financial crisis?
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  #319  
Old 11-17-2013, 8:18 PM
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One would think they do.
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  #320  
Old 11-17-2013, 8:53 PM
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This thread has a lot of silly opinions in it.
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