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Silver & Gold is about to Explode! Bank Holiday warnings…..

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  • Sat, Jul 25, 2009 - 06:26pm

    #21
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    Re: Silver & Gold is about to Explode! Bank Holiday …

[quote=Doug]

In the first hour of Financial Sense’s newshour Steven Hochberg of Elliot Wave predicted that metals, oil and other commodities will continue to go up with the markets, but when the markets peak and head down, the rest will go down too, until the USD bottoms, then metals and commodities will take off.  At least, I think that’s what he’s saying.  Any thoughts?

[/quote]

Doug, as you will find in the markets; everyone has an opinon on whats going to happen. My advice is to take the longterm approach. Keep buying monthly or how ever you can.  Eventually the truth will come out about the manipulation and gold will go up with deflation or inflation. Copper is also rising in price. How ever they manipulate the prices "short term", they cannot stop the inevitable. We are bankrupt.! The powers to be (wall street, Fed, Government) cannot fool the rest of the world. To bad so many Americans are so easily fooled. But the dumbing down of the country has worked so far. People need to stop watching TV and video games, and focus attention on the greatest Crime of the Century!

 End the Fed!

  • Mon, Aug 03, 2009 - 12:26am

    #22
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    Re: Silver & Gold is about to Explode! Bank Holiday …

321gold.com founder Bob Moriarty never fails to get a rise out of The Gold Report readers, simultaneously raising hackles and awareness. In this interview, his fifth with us since last November, he rails against continuing business, media and government shenanigans. He prophesizes bankruptcy, riots and revolution. But he also sees a bit of silver lining in the thunderheads, predicting “a lot of surprises to the upside” in the resources sector.

The Gold Report: Just reading the papers today, we’re seeing lots of interesting news. We see GM has come out of bankruptcy, we see Goldman Sachs, BofA and Citigroup all recording record profits. We’re even hearing, in some cases and some places that home sales are increasing. What is going on?

Bob Moriarty: That’s an example of how total the distortion is in the news media in the United States. First of all, 96% of the news media is controlled by six people. Their vested interest is not in telling the truth; their vested interest is in selling products. What we call the news media is really better termed a propaganda media. It’s all propaganda.

Let’s take, for example, year-on-year railway shipping of automobiles is down 49%. Nobody in creation could honestly believe that GM is in better shape now than they were a few weeks ago. Coming out of bankruptcy is a legal maneuver; it’s not a financial maneuver. They’re out of bankruptcy; it’s perfectly true and perfectly meaningless at the same time. The government now controls GM.

As negative as I am toward American management in business today, the only people who are far worse would be government bureaucrats. For example, in mid-July I saw Paulson’s testimony about how they threatened bankruptcy when BofA’s negotiations with Merrill Lynch almost came unglued. Bank of America President Lewis didn’t take care of his shareholders, which he has a legal obligation to do. He pandered to the government and Paulson said, “We’ll just replace you.” Since when did we become a communist society or socialist society? It’s no longer capitalism; it’s government control of industry.

On one hand, we’ve got the financial system totally controlled by Goldman Sachs. On the other hand, we’ve got government control of Chrysler and GM and major segments of the economy. We have the worst of all possible worlds.

As to the record profits you mention, we’re in a depression. If these guys are making money, it’s because they’re manipulating the markets and stealing from the taxpayers. There’s a difference.

http://www.theaureport.com/pub/na/2866

  • Mon, Aug 03, 2009 - 11:01pm

    #23
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    Re: Silver & Gold is about to Explode! Bank Holiday …

Michael Maloney on Nationalization

http://goldsilver.com/player/id/66/cID/2/?ss=77264882d010902c52f13391d6a8309b

  • Tue, Aug 04, 2009 - 12:01am

    #24
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    Re: Silver & Gold is about to Explode! Bank Holiday …

Bank Holiday revisited: Max Keiser

http://maxkeiser1.blogspot.com/

  • Tue, Aug 04, 2009 - 10:18pm

    #25
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    Re: Silver & Gold is about to Explode! Bank Holiday …

"Gold is performing strongly at the same time the stock market is making a mild rally and as the dollar continues to stay at a level that we consider to be inordinately high," Doyle says. "Typically, gold would be declining – but that’s not happening, and there are solid reasons why."

"http://www.mineweb.co.za/mineweb/view/mineweb/en/page31?oid=87109&sn=Detail

  • Fri, Aug 07, 2009 - 10:22pm

    #26
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    Re: Silver & Gold is about to Explode! Bank Holiday …

MARKET FORCE – SILVER

Look what happened to rhodium two years ago; it went from $300.00 to $10,000.00 an ounce, and most people probably don’t even know that. It certainly didn’t get on the front page of The Wall Street Journal.

 

http://www.financialsense.com/editorials/morgan/2009/0807.html

  • Tue, Aug 11, 2009 - 03:21am

    #27
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    Re: Silver & Gold is about to Explode! Bank Holiday …

Gold and Europe’s Central Bankers

 

http://globalresearch.ca/index.php?context=va&aid=14717

  • Tue, Aug 11, 2009 - 03:59am

    #28
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    Re: Silver & Gold is about to Explode! Bank Holiday …

 I am amazed at the difference from 9 months ago. My local coin dealer had nothing at all and now they have bins of every kind of gold bullion, collectible, you name it, so full that the pieces are falling on the floor. They tell me that they have had many sellers, believing the price has peaked and will crash now that the "recession is over". They told me a few " doomers " were still buying here and there. Interestingly, they have a gun shop also and it is not crowded like in the winter, everyone scrambling for an AR. I was finally able to get 45 and 9 mm ammo. They tell me people aren’t worried anymore. Apparently, everything is going to be fine. That is what they saw on the news after all. The government has pulled it off and here we go back to the good old days. I should say that I live in a major Texas city that has shown very few signs of recession.

  • Wed, Aug 12, 2009 - 12:40am

    #29
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    Re: Silver & Gold is about to Explode! Bank Holiday …

Why? Because virtually every one of the fund managers he visited is "seeking the best investment entry point [for gold]." He believes that nascent fund demand for the hard metal will take the price to the next level. Holland sees "widespread demand for capital preservation" as driving fund manager interest. "People are not even talking about getting a return," he says. "What they’re asking is how they can save their capital, that’s why they’re going into gold, and that’s going to be the mainstay of the gold price going forward."

http://www.financialsense.com/editorials/kosares/2009/0811.html

  • Thu, Aug 13, 2009 - 11:19pm

    #30
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    Re: Silver & Gold is about to Explode! Bank Holiday …

http://www.financialsense.com/editorials/casey/2009/0813.html

What You Have in Common with King Nebuchadnezzar

 

Gold cannot be…

  • Printed (ask a miner how long it takes to find it and dig it up)
  • Counterfeited (you can try, but a scale will catch it every time)
  • Deflated or inflated (it can’t be reproduced)

Gold cannot be destroyed by…

  • Fire (it takes 1945.4 degrees F to melt it)
  • Water (won’t rust or tarnish)
  • Time (a gold coin remains recognizable after a thousand years)

Gold doesn’t need…

  • Feeding (like cattle)
  • Fertilizer (like corn)
  • Maintenance (like printing presses)

Gold has no…

  • Time limit (most gold mined is still in existence)
  • Counterparty risk (remember Bear Stearns?)
  • Shelf life (it never expires)

Gold as metal is…

  • Malleable (spreads instead of crushes)
  • Ductile (stretches without breaking)
  • Beautiful (just ask an Indian bride)

Gold as money is…

  • Liquid (easily convertible to cash)
  • Portable (you can hold $50,000 in one hand)
  • Private (no mandatory reporting here)

Gold is internationally accepted, lasts for thousands of years, and best of all, they aren’t making any more of it.

 

 

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