Sunday, September 11, 2011

10 years later, and the best performing asset is......

For all those late to the game and to those that will continue to be late to the game, I present you....

63 comments:

  1. SGS, thanks! Sending this to my relatives.

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  2. Silver, Opium and Gold. That's some top-3!

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  3. ...and why would I want to buy silver? Hmmmm...

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  4. lol, on that fateful day you could have picked up a 100 oz engelhard for $400. LOL. and a maple for $5. Wow. I was too busy chasing skrit back then.

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  5. Yeah SGS, if we only knew then what we know now... ;)

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  6. Can I buy Jan 2013 Cumulative Inflation calls?

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  7. Hard to follow that list with commentary! It speaks for itself! Excellent post! I love it!

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  8. I'd buy the Fed Funds rate @ 0%...I'd like to buy an infinite amount of that for say, ZERO!

    Oh, I see the line is already formed- JPM, GS. BAC...

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  9. I wonder how that price supression scheme is being graded by TPTB? What metrics are they looking at when they drive the prices down? It must be a short term thing to allow them to cover shorts and re-establish new positions. No one can say it has worked over the last ten years...lol.

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  10. SGS Good Article like normal. I Read that gold will be $2000
    very soon

    http://www.thegoldchronicle.com/Archive%20Folder/September%202011/sep820117.html

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  11. I was just talking to my dad this afternoon, and he has been collecting Silver for Years.. He told me his first Hundred ounce bar cost him 450.00 ! He has in a sock, and uses it as a door stop.. lol

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  12. Thanks for posting sgs! Can't wait for the new blog. And of course with the Greece situation, gold and silver are down tonight, lol.

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  13. DM said...

    Yeah SGS, if we only knew then what we know now... ;)


    Some of us did know...:-)

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  14. @bflowers1

    Priceless! That has to be the most expensive door stop ever!

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  15. For how many of these 10 years have they been in a bubble? Just curious.

    AND: You know, never forget and all that...

    http://www.youtube.com/watch?v=yuC_4mGTs98

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  16. This is the equivalent of the DJIA hitting 85,000 points.

    Only it didn't.

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  17. eternal pessimist said...

    For how many of these 10 years have they been in a bubble? Just curious.


    Back in 99...when Gold was at $264 "they" the top-callers... said it was going to $100 and "they" said Silver was going to $1.00...
    "They" have been wrong each and every time...and are about the only ones that have been wrong 100% of the time...

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  18. realjob

    My Father was a Colonel in the Army.. Three days away from making General.. He lives a thousand miles away, and came home because of a death in the family.. I shared 911, today, with my thoughts.. It will take time to Soak in .. But he is a Good man.. People get set in their thoughts over time, and they don't change overnight.. He has been a Silver Collector since I was a Boy..lol He sees a lot of whats going on, but this will make the puzzle fit, when he gets over his blind Patriotism.. I took him to my Favorite Coin shop this Weekend, and he dumped five thousand dollars there.. He sent me, twenty thousand to spend there a month ago, because they give me better prices than he can get over the internet.. I'm sending so many people up there lately, they are selling me Eagles at Spot ! I asked Dad this weekend how many onces he has, and he was Guessing around Twenty Five Moster Boxes Worth ! He has a Very Heavy Dinner Table..lol He Built it ! lolol Being Retired, and a Wood worker, he builds his Furniture Heavy ! lolol And He's Great !

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  20. @bflowers, my dad died a couple of years ago, do you think your Dad will adopt me?

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  21. The global trend across industrialized nations for the last twenty years has been to move towards a cashless society, but one that still utilizes centrally planned currencies. While central banks, large institutional funds and wealthy private investors across the world continue to buy up gold, governments seem to be moving quickly to restrict the ability of average people to do the same – and they are rapidly implementing policies to either restrict or track these types of transactions.

    Many cities around the country, such as Houston, TX, have passed identification requirements that force sellers of precious metals to present a valid form of ID at the time of sale. Like Europe, the U.S. is expeditiously implementing direct methods of tracking these transactions, as well as indirect methods that target those who may be engaging in suspicious activities, namely using cash, as per FBI and Homeland Security bulletins issued last month.

    The noose is tightening. Governments, large financial institutions and political chess players know exactly where real value exists. And it’s certainly not in the currencies that are being printed with reckless abandon.

    http://www.shtfplan.com/precious-metals/banks-governments-move-to-restrict-personal-gold-bullion-purchases_09092011

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  22. Very true on the last topic, Gold is still performing well.

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  23. look at the first 15 minutes on AMZN today, what a joke. THis market is a big Joke right now.

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  25. SGS, when does the new site rock n & roll?

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  26. Gold1234 =SPAMMER

    FUCK OFF, GOLD CHRONICLES!

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  27. Cool, I have already told around 10 friends so we are spreading the word for you. I hope you do well.

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  28. PaidInGold,

    Do you normally say hi in this fashion? I just saw a site that may be of some use that I saw today. Why the terrible verbal assault on me for?

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  29. EU banks are falling apart and the EU is talking Greek Default. Dow and Naz sky-rocket - WTF! 3-Stars for the Plunge Protection Team. Surely to God the FED is QE inflating M1 through deposits to the big 6 to buy stocks. On Friday Jim Rogers said on (CNBC I think) that M1 started exploding on Aug-19th the day Benji said Zero interest rates for 2 years. He makes an interesting comment that Zero interest rates don't sit a Zero unless the money supply is increased / Inflated. Voila, QE is in progress we just won't know for 2 years - LOL.

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  30. Fucking cunts at JPM and HSBC attacking AU & AG again. Hope they all burn in smoldering hell when the price of AG blows through $50.00 and all hell breaks loose...

    AC

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  31. You've been spamming the site for maybe a month and a half now, with your gold and silver scraper news sites, and now with a new generic name you waltz in here with cock riding, elementary responses with breadcrumb links back to your domain.

    You're making good money off your affiliate links and I am betting you're an Indian outsourced worker posting on the behalf of your "boss".

    You bring no value, you are hijacking visitors from SGS with your constant breadcrumb linking, and once again, you bring no value. You are here simply for the money.

    Tell us one thing without having a cock lodged in your mouth. Oh right, you're not saying shit that's worthwhile!

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  32. @gold1234, you should probably be aware that if you spam this blog, then everyone here is going to call you asshole, dick, fucktron, etc. and rather than crying like a baby, you should accept that you are going get hammered. Just ask WU and silver journal. I am just rying to save you from making another totally gay comment like:

    "Why the terrible verbal assault on me for?"

    Why are you verbally assaulting me? Waaaaaaaaaa
    I'm just trying to share. Waaaaaaaaaaaaa

    Grow some nuts man.

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  33. PaidInGold

    You have gone to far I'm reporting the abuse on your home page at the top left in blogger. I have also cut & Paste your lovely reply in the details for reporting abuse. I can't understand that you have a problem with me when I know nothing of any background history that you may have with the people you have stated. May God feel sorry for you, I will pray for you also.

    Anyway changing topics I hope it really does reach $50 soon for silver to stick it to JPM & HSBC

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  34. everyone else puts links in Tom H

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  35. gold 1234:

    we have been spammed with the silverchronicle...stop mention the gold chrinicle or I will report YOU.

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  36. must be a touchy subject, no problem Sir SGS. Have a good one

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  37. Silver Chronicles + Gold Chronicles = domains registered and owned in Australia

    silverjournal + goldjournal = constant copy & link pasting with no commentary to the Douche Chronicles

    gold1234 = account created on 9/12/11, IN Australia!!!

    GTFOH. You fucking fruitcup.

    OH MY GOT! YOU ARE GOING TO REPORT ME! I'm going to cry in fear now...

    "Anyway changing topics I hope it really does reach $50 soon for silver to stick it to JPM & HSBC"

    Wonder how long that took your ass to think up...

    Fuck you.

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  38. LOL! When did Aussies become Pussies!

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  39. Anyway, went to the Perth Mint website today and discovered that they have no 100oz, 1kg or 20oz bars left, only pissy little 10oz bars and silver coins (except the Dragons of course, which are getting scalped on eBay for around $120+, not a bad return on $50 a week ago).

    you can usually back order when they are out of stock, but not at the moment. I've still got a 100oz bar on back order from early August and its still a few weeks away. Looks like the phyzz is starting to dry up.

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  40. Thx for the update, heath.

    I will be going to Calif Numismatics in Los Angeles, and will update the team o what's going on.

    All I can say is that Craigslist sellers of phyzz have completely dried up with the weak hands.

    There used to be sellers at spot or a dollar over, but now everyone is pushing for at least $5 over.

    Big sign or what?

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  41. with the shortage in silver I've been thinking about getting some of the yellow stuff instead to diversify my PM portfolio ;)

    The only things stopping me are 1) the price, 2) the higher potential upside of silver.

    Any comments, advice??

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  42. @PainInGold

    Yeah I've noticed on eBay that people are willing to pay $10+ over spot plus postage for Eagles & Maples and even higher for limited mintage coins such as the Kookaburras and Lunar series coins.

    I consider myself to be very luck to live 10kms from the Perth Mint so I can get my hot little hands on the phyzz with little overhead.

    Still kicking myself that I didn't but 20 1oz Dragons, I could have tripled my money and gone and bought more phyzz with the profits.

    Oh well I'm still on target for 1000oz well before Xmas, I'm even thinking about talking out a small loan to get hands on more before it hits $50+.

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  43. heath,

    With what's stopping you, aren't those good enough reasons to continue keeping it that way?

    I'm trying to offload the yellow shit for white at the shop today. I'm hoping they give me a fair ratio (after premiums)...

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  44. And heath, if you do want gold, why don't you find a way to cop more silver and then when the ratio drops to 30-35:1, you can swap your white for yellow then.

    You don't actually NEED to diversify now, right? A little patience will go a long way right now, imo.

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  45. @SGS,

    Please have an ignore key on the new site! Please!

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  46. "Tonight I'm going to party like its 2 f'ing thousand and 8"

    .dxy up, everything way down except Amazon!

    Unfortunately, everybody is liquidating and the medium to liquidate too is unfortunately, cash!

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  47. @heath9069, great work if you can hit your target before all hell breaks loose! Nothing like being in the 4 digit phyzz club. I hate to ask how much that damn phyzzatron SGS owns! :)

    AC_Doctor

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  48. LOL @ Sky is Falling.

    DAVID! Shut the fuck up! Mary is ringing her bell for tea, got damn it!

    Daaavid Casper, he'll be riiight back!

    You're much cooler in douche form with your WU handle.

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  50. Yousif,

    All I see are the proofs?

    Whats you other source, I only need one for my collection! I have the other 4 of the series.

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  51. avacado.sugar.avacado!

    http://www.bbc.co.uk/news/magazine-14845528

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  52. This comment has been removed by the author.

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  53. Yes, agreed! I would be willing to pay 100$ US. I contacted a EU company, but they would not ship to US.

    Thanks anyway!

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  54. I was at the Perth mint a couple of days ago and yes the 1oz Dragons are sold out. Its even listed on their website when, check it out:

    http://www.perthmintbullion.com/au/Buy-Silver-Coins/1oz.aspx?size=18

    From what I could gather that's it, no more being produced, zilch, unless you can source them from overseas sellers or pay the hefty premium on eBay.

    But at the end of the day when the shit hits the fan it will all come down to melt value, as an oz of silver, no matter what its shape is exactly that, an oz of silver.

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  55. So much for September being the most bullish month for PMs. This sucks. If everyone is expecting QE3 why are they transferring their assets into the USD, the very thing that QE3 will debase the most?

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  56. OK conspiracy theorists...here's scientific proof. You may not like the names because they don't fit your agenda but worth a read

    http://planetsave.com/2011/08/28/who-runs-the-world-network-analysis-reveals-super-entity-of-global-corporate-control/

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  57. mmmmm....looks like the powers at be are having a little raid on the PMs. Trust the mint to be out of silver when the prices are going down to a great buying price.

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  58. inches away from a technical breakdown. been short since 43.2 close last week. come'on metals drop and save the indexes.

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  59. Silver at 50DMA now. I'm adding some position here.

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  60. Fuck yea! Phyzzz Sale!!!! Pull the trigger dipshits! BTFD!!!!!!!!!

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  61. Just had on the Today show some hot financial woman that said Gold isn't a safe investment since anything that can drop $120 in one day isn't say. damn I'm putty my money in stocks and real estate now. Maybe buy a crack house and flip it. LOL

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  62. I don't know why everyone expects a fresh new round of QE next week, it ain't gonna happen yet. Next week will merely be the announcement of an asset swap, where treasuries will be sold off to purchase a wider range of bonds with longer maturities (MBSs, CLOs and all sorts of other not so shiny fixed income crap). That isn't money printing folks!

    Listen up people! No new QE before the DOW and S&P lose another digit... we'll first need to go through another phase of good ol' monetary deflation.

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