Originally Posted by ******* (Post 18541432) As I have stated many times, I knew there would be a shake out and the price (predicted it on GFY to within about 10 days accuracy) would rise back up. However I did not buy on the last dip to the low $1,600's because I am shorting Apple and have bought put options in anticipation of a market sell off. So who was smart enough and strong enough to ignore the crowd of people who said gold was in a bubble? At the moment of this post gold is trading at $1,770. Yes gold and silver could have more shake outs but by this time next year their current prices will seem cheap. Ask yourself how much people on the titanic would have paid for a spot on a lifeboat. Gold and silver will reach prices that seem unreasonable. At that time we can start having a real discussion if Gold is in a bubble. Right now gold is a bargain. The US dollar is in a bubble and is getting ready to burst. It will be interesting to see all the millionaires who will lose most of their wealth and how they will handle it.

Originally Posted by facialfreak (Post 18541482) I have amassed almost 400 ounces of silver since December of last year .. I have slowed down my buying at the moment, but am still receiving 13 Four-Bit Walking Liberty Divisible half ounce .999 silver rounds each month through http://silversnowball.com/cgi-bin/d....ingliberty.htm Silver Snowball has exclusive distribution rights on this newly minted 4-Bit round (October 2011) wich will fetch a premium over regular mint rounds, for the novelty of being a 4-Bit divisible round ... And "if" the economy DOES collapse, not everything you will need to buy will cost an ounce or even half ounce of silver ... Being able to readily make small change will be the difference between paying $20 for a gallon of gas, or paying $5 ... :thumbsup What attracted me to this program after looking at several others - such as Numis Network, ISN, Click4Silver - is that there in no large outlay of cash to start with the program, and there are no minimum orders required ... If you are looking for an affordable way to break into the PHYSICAL SILVER market ... please take a moment to look into www.silversnowball.ca

Originally Posted by scuba steve (Post 18542100) you're paying 40$ for 18$ worth of silver?

Originally Posted by bronco67 (Post 18542174) I'm about to roll over my 401k(still with my old employer from years ago)... Would it would be dumb to put a percentage of it in some kind of gold investment?

Probably because ******* is smart and knows what I do, which is that financial system as you have come to understand it is living on borrowed time and doomed to fail in a way that your brain cant process.

I dont have a crystal ball so I cant say with certainty specific numbers, all I know is that gold and silver will go to levels that you cant even comprehend right now but if I had to guess in a general way I would say short term, gold $3,000, medium term $5,000 and longer term $10,000 or more although there really is almost no limit, I could lay out a scenario where it could be valued at $50,000 per ounce which would be plausible. For silver I would guess $100 near term, $500 medium term and $1,000 longer term although it could be dramatically higher than that as above ground silver is more scarce than gold.

I am amused because I know that you and others like you will laugh at that, but that is what in and of itself makes it so amusing is that I can tell you what will happen and you still wont be able to grasp it and will think I am delusional which is an odd feeling because I would like to help people to avoid their fate but the truth is most of humanity is dumb and sadly deserves their fate. For example ******* is trying to help myopic people such as yourself and instead, in your limited comprehension of the Universe, you view it as an opportunity to put in your 2 cents by mocking him and pretending you know what you are talking about. I have a clue for you, you dont. The reasons are too numerous to list and frankly knowledge must be sought, not given out so if you or anyone else cant bother to seek it then I see no reason why I should attempt to spoon feed it to you however you are right about one thing, you are a rookie.

However, maybe since you are too limited to comprehend does not mean I should punish anyone else reading this who might have some sense so without getting into all the reasons, of which there are too many to list I will just mention two.

Forget about the US national debt or Greece, thats just childs play even though that likely will be the spark that sends the dominoes falling. The banks have bet too much on derivatives to the tune of so much I lost track. I dont think anyone even really knows for sure but JP Morgan alone has 100 Trillion exposure to completely toxic, worthless assets (read debt). They are all interconnected anyway so if the Europe banks fall, America falls and vice versa so the precise number almost does not matter at this point.

http://boombustblog.com/images/stori...b_image001.png

Thats more than the GDP of the world and thats just one bank. They cant pay it, the majority of the worlds banks are completely insolvent so nobody can really bail them out, all they can do is kick the can down the road and loot the worlds weath while telling people (like yourself) on the teevee that everything is fine, gold is a bubble LOL (while the worlds central banks are buying it FURIOUSLY)

There are only 2 scenarios here... one is to print money to inflate away the debt which wont really work but it delays judgement day. This raises the price of gold and silver. Number two is to declare Jubilee and cancel the worlds debt and recapitalize everything (but not your debt of course, just the governments and banks obviously) and go back to a gold standard (or a basket of commodities like a gold/silver/oil mix). This is where that 50K scenario of gold happens because when the US went off the gold standard it was $35 so all you have to do is the math of how much money was in circulation and how much gold is supposedly at Fort Knox and thats where they got that $35 from, but they have printed so much that if you used that same formula it would be 50K although truthfully my numbers are sketchy on that so I should not say specifically.

I get that particular number from Adrian Douglass and he claims it could be up to 57K per ounce in this video and I have heard other people say using that formula under those circumstances it would be 40K. Whether that is the actual theoretical price who knows, all I can say for sure is that gold will go to a number that you currently cant conceive of, and it is most certainly not a bubble. Only an imbecile would say that, much less think it. It's not even theoretically possible to have a bubble when less than 1% of the population owns something so you sound stupid.

BTW, that does not mean as ******* states that there could not be more shakeouts on the way up higher because the price is heavily manipulated and shorted mostly by JP Morgan (especially in silver) at the behest of the government. A high gold/silver price reveals the weakness of the currency to the dumb sheep like yourself.



p.s. @ *******, you have an interesting name, does it signify anything? LOL- was I hard on Glen? Should I "lighten up"? hehe

Originally Posted by glamourmodels (Post 18542758) [CENTER] Probably because ******* is smart and knows what I do, which is that financial system as you have come to understand it is living on borrowed time and doomed to fail in a way that your brain cant process.

Originally Posted by PR_Glen (Post 18542985) No no, sorry. I do not subscribe to blind speculation. I am not banking my future on the fact that doomsday lovers and fearbies profess the same crap they have been peddling for the last 100 years.. maybe even more. It's nothing more than an excuse that people use so they don't have to research stuff on their own and I refuse to participate in it in any way. Was I too hard on him lumenous? by the way, how many times have your predictions been wrong? I have no doubt, you know more than me about investing, as I said I am new to all this. However, I tend to notice that when people talk predictions they tend to cherry pick every time they got something right and omit every time they were wrong...

Originally Posted by ******* (Post 18542992) We are simply listening to those at the world bank and heads of state say about our financial system. They are very clear they want a new system and are not shy about admitting it. And we are not labeling anything"doomsday". We are saying that the USA (and Canada) has lived in bubble for far too long and some of the same crisis that other parts of the world have as their daily reality will be coming our way eventually.

Originally Posted by PR_Glen (Post 18542985) No no, sorry. I do not subscribe to blind speculation. I am not banking my future on the fact that doomsday lovers and fearbies profess the same crap they have been peddling for the last 100 years.. maybe even more. It's nothing more than an excuse that people use so they don't have to research stuff on their own and I refuse to participate in it in any way.

Originally Posted by PR_Glen (Post 18543037) If there is hope in greece and the euro there is no reason that the US can't make it out fine just the same... Explain how i'm wrong.

Originally Posted by ******* (Post 18542790) @glamour models... I sold my business 6 years ago and moved to LA to become a videographer and photographer. I shot content for many companies. I guess that is why I picked the username "*******". lemen=light

Originally Posted by ******* (Post 18542790) It is a thankless job trying to warn people and for the most part just makes people angry. Even my own family does not listen. They did not listen when I told them to cash out some of their investments and buy a basket of metals (gold,silver,platinum) 10 years ago and they just laughed. They did not listen when I warned them of the housing bubble and I sat by and watched them collectively lose a few million dollars in equity. I tried to warn them about the value of the US dollar and sat by watching their dollar denominated assets plunge in value. I am warning them to cash out their 401k's and make sure to have a few months of food and other supplies but they just think I am paranoid. This is why the elites hate the masses and are fleecing the sheep every chance they get. Might makes right. USA citizens are going to get exactly what they deserve. Sounds harsh but is reality. A nation of willfully ignorant people do not deserve freedom and a high standard of living. Gold is at 1795 at the time of this posting. Good day.

Originally Posted by ******* (Post 18542790) A nation of willfully ignorant people do not deserve freedom and a high standard of living.