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Survival and Preparations Long and short term survival and 'prepping'. |
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#364
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Artificial suppression is artificial.
It's only a matter of time before an explosion occurs.
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Wojtek Weaponry! You can find us on Facebook too! |
#366
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Sounds like you might be part of the GOV conspiracy. |
#367
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Don't kid yourself, you can be sure the Feds are all over this site.
But the real problem is, our leaders are creating a "huge sucking sound" aka Ross Perot, of Gold heading East and weakening our future by their games to create a negative appearance of Gold in attempts to keep the dollar from collapse, when in fact it has and will ALWAYS be a storage of REAL wealth. We need to know, is China now in on all this to join the club having Gold backing their yaun OR are they going to dethrone us as the worlds reserve currency 10 years from now? Our GDP of 3/4's being consumer related is dangerous. China bought the dip yesterday and put Gold right back over $1,200 today and laughed all the way to the vault. ========= Gold volumes for the benchmark cash contract on the Shanghai Gold Exchange (SGE), China’s biggest spot bullion market, climbed to a 10 week high as lower prices led to increased buying. The volume for bullion of 99.99% purity climbed to 19,775 kilograms yesterday, the biggest since October 8, from 13,673 kilograms the previous day, according to exchange data compiled by Bloomberg. Prices fell on the SGE overnight for a third day, losing 2.1% to 235.85 yuan a gram ($1,208 an ounce), the lowest since February 2010. http://www.zerohedge.com/contributed...-sub-1200-gold |
#368
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Massive difference between that and today... Context and value are everything, maybe someday you'll learn that. You're dollar cost averaging yourself into a nice loss. Enjoy the ride |
#369
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The US EPA makes it so hard for a Lead Smelter to operate that the last one in the USA is closing it's doors for good Dec31 and the steel mills have been shut down or curtailed due to union driven economics.
To me, it seems that the USA is definitely heading down a road where the US$ will no longer be the world currency, at which time it would be good to be able to have gold. The Gold market does seem to be manipulated and if rumors are true that the US has been quietly selling off the gold reserve to prop up the dollar, we could have a perfect storm approaching on the horizon. The fact that it is more difficult to get a mortgage, plays into that scenario as well. Paying for a 30yr mortgage at low interest rates with inflated dollars must make the banks and the feds very worried, hence their reason for keeping the interest rates down. Just my thoughts on the matter. |
#370
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We are shooting ourselves in the foot:
"It was reported that former Brazilian President Luiz Inacio Lula da Silva preferred the Rafale, while Rousseff had previously been in favor of the Boeing fighter. Analysts suggest that she turned her back on Boeing in the wake of revelations that the US National Security Agency (NSA) spy program had directly targeted the president's own communications." http://www.dw.de/brazil-agrees-multi...ets/a-17307074 More and more deals are being sidelined from hitting our shores. Petrodollars, foreign exchanges in other than US Reserve Currency. Oh, were on our way out with this dollar, that looks inevitable. We see everyone scrambling to buy hard assets now, like land, fine art, expensive RE, cash cash dumpo the dollar. The world is awash in US fiat backed by a rabid printing press. When the currency resets, imo there will be a DEMAND that part of the currency's value will be back by GOLD. |
#371
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Short answer yes. Long answer no
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A note to the NSA or anyone gathering information on me, this disclaimer is for you..."Everything I type on this website Is purely fictional and for entertainment purposes only. None of it is true." Also, sometimes I type in CAPS to emphasize a POINT. Please dont interpret that as YELLING. Sorry if I HURT any fuzzy little bunny's FEELINGS out there. |
#372
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A must watch for the SilverBugs ! Doesn't hurt we see over $20 again today
And don't EVER expect our Gold back from China now. Payback time. http://www.history.com/shows/big-his...lver-supernova |
#373
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I want silver down to 18 again so I can buy more.
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"No free man shall ever be debarred the use of arms. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." -- Thomas Jefferson 9mm + 5.56mm = .45ACP + 7.62 NATO = 10mm + 6.8 SPC = Et Verbum caro factum est et habitavit in nobis; Jn 1:14 |
#374
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Made my last silver purchase on Cyber Monday. Still buying PMs here and there as sales opportunities present themselves. Not to say I'm not also stacking cash and lead and investing in equities.
Leave no stone unturned!
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____________________________________ Deterrence, Not Disarmament, Ended the Cold War. |
#375
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With the price of silver being as low as it is compared to previous years, and gold actually reaching around 1200 an ounce, how can you go wrong by investing in PM? I mean looking at previous years those prices are pretty low, but its skeptical weather or not it will continue to fall or begin to rise.
To add to that, wouldn't it make sense to invest in PM if you are concerned for the collapse of the US dollar? Once paper is no longer valuable, gold is the standard isn't it? Especially with China moving over to the gold standard, that makes it more desirable? Im just trying to learn this stuff and have just started trying to understand these matters so if these are dumb questions, please just inform me, I don't need to know how uneducated I am in the matter, I already admit that. |
#376
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Once I got my bases covered I went the standard 3 to 1 value of Gold/Silver with like in kind equivalent in cash. You never want to have to touch the PM's so discretionary income has always been used. No get rich plans here, only survival of the fittest. There really isn't enough of the physical metals to back any currency completely or trade them outright. 3/4- 1 of oz. of Gold per person and about 8-10 of silver if all minted into coins. Currencies get in trouble because they are not backed fully with natural resources ie PM's, oil, gas, crops etc. The expansion of fake money has gone too far due to greed and some day it will reset. Will PM's play a part in that? I'm betting they will, I may not be the recipient of it but my children or grand kids surely will. |
#377
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Some pretty crazy manipulation today, Gold/Silver get hammered before market open in heavy slam volume only to rebound for gains in the day. Not for the weak in the knee crowd for sure.
Gold loses $20 bucks in slam, then gains $34 in an in your face dollar. Silver dips .80 cents then gains a buck. Crazy, love it. Should tell all something with this kind of action. |
#378
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"Manipulation"? Looks like exactly what it is thin holiday trading.. Wouldn't take any meaning of the stock or pm market during the holidays. The big boys are on vacation. Gold ended Xmas eve at 1205 looks like it will end New years eve the same spot... On thin trading.. *yawn*
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#379
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March 30 Prediction
$1005 Gold $16.2 silver |
#381
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Nice to see PM's doing well the first two days of the New Year. BTW I think I could think of tons of reasons we may see $1,500 Gold by say May 2014 or SOONER. |
#383
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It's over and everyone knows it. Well, most everyone who haven't been drinking the koolaid the media spews. |
#385
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:Sets calendar:
__________________
"No free man shall ever be debarred the use of arms. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." -- Thomas Jefferson 9mm + 5.56mm = .45ACP + 7.62 NATO = 10mm + 6.8 SPC = Et Verbum caro factum est et habitavit in nobis; Jn 1:14 |
#386
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"The cost to mine and produce an ounce of gold, on average, ranges from $1,100 to $1,250.. Some mines produce gold at a very affordable cost while others are now producing gold at costs that are higher than the metal is valued."
http://www.forbes.com/sites/kitconew...e-environment/ If this is true then we are getting gold at the cost to produce right now which does not sound like a bad deal to me. Eventually interest rates will have to rise to normal rates then our debt will be unsustainable. Who knows what the Gov. will do when they can't pay there bills. Probably something similar to Zimbabwe. |
#387
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All in costs are very nebelous and very high for public miners. For example, new exploration costs can easily be cut and mining existing ore becomes that much cheaper. Barrack mining has $44 billion in debt, if they declare bankruptcy tmw the bondholders take a haircut and get paid back at the newly discounted cost of production (very simplified way of looking at it). Gold was being mined just fine at $250 an ounce and people here need to think how that was possible...
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#388
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You can't time investments consistently and shouldn't have all your eggs in one basket. But you know that. |
#389
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Buying under avg cash cost = ok Buying under The newly minted metric of "all-in" costs to justify a bunch of overleveraged public miners.... undetermined (optimistically, at best) |
#390
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The worlds largest gold mining country, China, produces 400 tonnes a year with slave labor and communist rule, yet they choose to purchase 600 tonnes more of over priced bullion on the world market at a huge premium. Gee I wonder why they are so foolish?
Smashy, you could sell them some at $250 an ounce? |
#391
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Crystal balls are great, aren't they?
__________________
NRA Life Member GOA Life Member USMC '71 - '78 "I am only one; but still I am one. I cannot do everything; but still I can do something; and because I cannot do everything, I will not refuse to do the something that I can do." Edward Everett Hale |
#392
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smashycrashy doesn't seem to understand that dozens of countries have hyperinflated themselves into collapse simply by printing too much worthless fiat currency. The U.S. is soon to join the club.
Those who do not learn from history are doomed to repeat it. |
#393
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With all their Ghost cities and huge debt... they need a lot of help.... .
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You get what you get and you don't get upset ! |
#394
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It's a reflection of a growing middle and upper class trying to be d-bags and display wealth. Not a SHTF gold is the ultimate currency play. Now if you want to make a case regarding china growing d-bag population as supportive for the price of gold, you have could have a case.. but not a very compelling one. Did you ask yourself how they were supplying 100 million troy ounces when a troy ounce was $250? That wasn't very long ago....... Fact is there are a lot of overleveraged miners in the world who made a bunch of decisions that look smart at $1900 an ounce.. their equity (hint: Don't hold their stocks) and bond holders (another hint: Don't hold their bonds) will be paying for that. When the smoke clears you'll see even the cash cost drop as the industry is consolidated and operators of scale take over small scale mines. You'll still be wondering how they could possibly be producing at such a "low" price. |
#395
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You'll be unable to and you should ask yourself why... Same as above... You're right... You might want to read your history books and learn some metrics to determine exactly where we are relative to that. Because I believe the mistake you're making lies there... |
#396
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When Silver is say, $15.00 per ounce what would be the Mark up on Morgans? I don't mind circulated...
__________________
TURNING and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, The blood-dimmed tide is loosed, and everywhere The ceremony of innocence is drowned; The best lack all conviction, while the worst Are full of passionate intensity. William Butler Yeats 1865-1939 |
#397
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I went back and looked at Barrick in 2000/2001, they were profitable at $340 gold price. They also had tremendous proven and probable reserves. They forward sold their reserves, thus gaining price appreciation. They ate companies who couldn't make the grade. BUT their property plant and equip has ballooned from those days almost 10 fold, from 3.9 bill to over 30 billion. I will let you figure out why but I am here to tell you, you cannot even think of having the same expenses managing small vs huge. Production costs, environmental costs, employment costs, merger & acquisition costs to name a few will be ever increasing on your bottom line. Plus there is always a wealth effect in business. When businesses grow you can be damned sure the boys at the top go from lunch at Marie Calenders to having Kobe Beef and Ahi tuna flown in to their favorite watering hole. Nobody's driving Caddie's anymore, that's success. I doubt there is one miner today who could survive at $250 gold for more than a few years without huge debt. I will conceed I did see one small mine that could produce an oz. at $30 in 2000 at Barrick. You can bet it was one helluva vein where even I could swing a pick and grab dee GOLD. I think today you are mostly looking at 1 ton of dirt to crush and chemically extract 1 gram of gold. Don't injure yourself, workers comp claims are expensive. Have at it my brother, Gold is worth the price of admission imo. Last edited by sixoclockhold; 01-04-2014 at 9:17 AM.. |
#398
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There is cash cost per ounce. Lets say for a single mine that is $600 There is "all-in" cost per ounce.. Lets say that is $1200. Many of the "all-in" cost can almost go to zero in bankruptcy. What is more likely to happen is that all-in costs are reduced as the price lowers.. but they hit a limit on things like interest costs. Those will have to be defaulted and/or renegotiated. New equity (diluting existing shareholders) may be issued in lieu of payments, or just bondholders take haircuts because getting something is better then nothing. Quote:
http://www.cnbc.com/id/41058173 Quote:
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#399
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600 tones
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#400
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Worn Coins
Pre 64 silver US coins are almost always a little worn and as such even loose a tiny sum of weight (silver). This is why you see companies putting up signs saying "buy gold / silver" and they pay 50/70% of the spot value. I have numerous times posted ads on craigslist offering to buy pre-64 silver coins for 80% of coinflation value and almost always have more sellers than I have cash - but then I never keep a lot of cash for that purpose. Still you can buy pre - 64 coins and morgans for probably 80-85% of bullion spot value if you try.
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