Friday, August 19, 2011

Schiff - Smart Money piling into Gold

10 comments:

  1. erm, ahem, ughhh, ahh, errrmm, ahhemmm

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  2. Gents... I am off getting married for the second time 'round... really, Aug.19 @ 5pm I will pledge my devotion to a very beautiful and intelligent Iranian woman.

    Anyway, point here is that I have liquidated my paper crap and am, for the time, comfortably holding (er... ammm... that is the bank is holding) my worthless paper currency.

    Fuck I love my life.

    Best wishes to all, make lots of "MONEY", and I'll see you next week... for the continuing battle.

    Felix

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  3. Question is, is this rally speculation or is it really being driven by central banks and millions of small investors around the globe? If it is this may be the makings of a real rally. Eric Sprott says the demand of gold has out stripped the supply. As the markets fall news reports globally are pointing to the solid growth and safety of gold (mostly) and silver too. The next few months could be the beginning or If Sinclair is right this may be the beginning of the bullet train to $12,000.

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  4. I am wondering when my high interest savings account starts making more than treasuries. Its getting really close.

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  5. Not to mention that after 2008 I took all my money out of savings because it went from 5% to 0.90. I closed that account too because the interest was insanely too low and my money could be spent on bigger and better things. Shoot even dangerous high yield stocks look lucrative in comparison to 1.99% Factor in normal inflation of 3% and you are getting screwed.

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  6. sgs,in your opinion what gold/silver miners would be the phillip morris of miners.....i bought a shit ton at 19. back when fucking jesus was walking the earth...sold all when yr ago put into metals....still have a chunk in the market for gambling porposes....have a piece of tinka...but would love to park a chunk in a miner i dont have to worry about, worry meaning least manipulated most legit...any thoughts....i know this is just your opinion and we all know your an asshole like the rest of us...
    thanks

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  8. freddi607

    I would say First Majestic is a pretty safe bet. Any miner could be a target for manipulation though.

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  9. Freddie: I am in SVM. Granted I think its them most shorted stock in the world currently. I would doubt if its down 23% today while silver gold up 5%.

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  10. options gonna push this SLV bish under 40 ! hahaha what a game

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