Forum Replies Created
anybody want to speculate beyond ZeroHedge's piece – http://www.zerohedge.com/news/2014-06-19/silver-surges-3-month-highs-china-ponzi-unwinds
Turned me on to this place in WV – http://www.broomgrass.com. I believe he's purchased land there & is building. My wife and I are in our 30's and are expecting our 2nd over the summer. So for now we're renting but keeping our options open.
i find the whole concept of the planned community fascinating & something I could see myself in for decades. My wife on the other hand would need some convincing. Any way, check the website out. Just pristine in every regard.
I just saw him at Union Station in DC. He was on a golf cart being escorted to presumably catch an Amtrak train. He looked really old and fragile. Before he got too far away I shouted that Ron Paul should have been Fed Chair instead of him. I could see that he chuckled a bit.
Jeez Dave, you still buy the #'s the gov't is feeding us? per ZH this AM – http://www.zerohedge.com/news/2013-10-22/us-somehow-adds-691k-full-time-jobs-september
Seems to me that just about everything is rigged and the propaganda will probably only get worse. While I am a gold & silver bull, I realize the market goes up and down based on what the powers that be want. Gold won't matter until the Comex is cleaned out and the ability of the paper manipulators to control the nonsense that goes on ceases. Until then, the gold price in USD is what it is and it will fluctuate.
Re: the taper…. yeah, I'm just not seeing it happen. What happens to bond market? And at what point do the bond vigilantes start showing up?
The Fed is soooooo screwed that even a casual observer like me sees the writing on the wall.
I saw this on Drudge, it looks like the NY Post picked up on Waywire and it's imminent demise – http://www.nypost.com/p/news/local/cory_tech_wreck_BptDE44inVHU75BHIB5NAP
RE: Booker himself. I don't really have a left/right opinion of him other than he will be yet another politician who is turned to "save" humanity. There was a documentary series that Forrest Whittaker did about Newark a few years back (a real puff piece if you will). I watched a few episodes which was centered around Booker & the Authoritarian Police Chief. Both were incessantly meddling with just about everything going on in the city & tirelessly working to set up a top-down style of governence. The Police Chief was the scary type of government trained narcissist who had roots with the NYPD & was hellbent on using survellience & aggression to get people in line.
Their "success" (or so deemed by the MSM) was a direct result of their ties to money from not so distant Wall St. They were able to acccess billions for investment in Newark. Which is not a bad thing, but with interest rates so low for so long its a pretty easy to predict how that will end. But, the only way to make this work was by cleaning up the streets of Newark, mostly by cooking the police books and making it appear the streets were safe. Anyone who has driven thru Newark knows that they are no safer now than they were 10+ years ago. But, it's the propaganda that has been spread that makes it appear things are much better.
My opinion of Booker is that he is a helluva salesman. Yet another politician who has the right connections, but zero know how on what is coming down the pike or how to address fixing things. People & the media love him though and his named will be tossed around for Commander In-Chief.
Like I said before, things are going to have to get much worse before they get better.
They're going to have to get a lot worse. There is, in my opinion, an intellectual revolution going on in the US right now. Brick by brick its being built. however, we are a long way away from weeding out the enemy technocrats and über elite that control media, politics and most importantly the money.
If/when the currency dies or loses its reserve currency status, and people come to the realization they have nothing to lose, then there will be an opportunity to rid ourselves of these narcissists. Until then, the best medicine to cope is to laugh at them.
today was a real bloodbath for the miners. What I found unusual was that gold didn't take a significant hit (think it ended up $0.10 or so), but good companies like AUY were down over 6% with above average trading.
real bizarre stuff. Don't know where the bottom is, but if can't be too far off. I've been keeping some powder dry for UGL and waiting on a day when I know the bottom is in and gold goes up (without Bernanke having to muster a word).TerriC wrote:
Hello! Forgive me if this is reduntant, I’m new to the site. I’ve been reading and buying book on the impending fiat currency crisis and am quite alarmed! I would like to invest my IRA’s into gold and silver either through GoldSilver.com or APMEX which offer those services. What I’m wondering about is my fidelity account through my employer. I would like to take advatange of the 3% matching program and also a retirement/pension program. But how do I channel that money into a Gold and silver IRA? I looked around on the Fidelity site and din’t see any mention of gold or silver funds. Any thoughts or advice? Also, I live in Saint Paul MN so if anyone knows of a Finacial Planner with experiance in these types of transactions would be helpful. My current FP dumped me when I wanted him to convert my IRA’s! Thanks in advance.
Actually, I am almost 100% positive that Fidelity does have Precious Metals to invest in thru and IRA. I’m going thru the same process right now. My wife has 50k in a 401k from a previous employer. We’re rolling over the 401k to a Fidelity IRA and am planning on putting a signifcant portion of it in Gold & Silver. The rub is that we’re both in our mid 30’s and won’t be able to access the IRA for 25 years. Obviously there is substantial risk in having someone else hold your metal… but it’s either this or take a massive hit on cashing out her 401k early.
Has anyone else had experience w/ Fidelity’s IRA and in particular the PM’s they offer…. or care to offer advice as to what to do w/ 50k lingering in a 401k that is directed by an Administrator?