360 votes

>Gold $1,200 Silver $16.05 Platinum $1,210 Palladium $790 Dollar 89.30

............♘ Daily Paul Metals Thread ♘ ............
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Hidden Secrets Of Money
Part 1 - Currency vs Money
http://youtu.be/DyV0OfU3-FU
Part 2 - Seven Stages Of Empire
http://youtu.be/EdSq5H7awi8
Part 3 - Dollar Crisis To Golden Opportunity
http://youtu.be/y-IemeM-Ado
Part 4 - The Biggest Scam In The History Of Mankind
http://youtu.be/iFDe5kUUyT0
Part 5 - TRUE History Of Money
http://youtu.be/OQWMd_NPSBA
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Silver, Gold & Currencies Revalued Overnight - Mike Maloney
provided by mauip3
http://youtu.be/GxKvTepymxs
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A Visual History Of Gold link provided by DJP333
http://www.zerohedge.com/news/2014-02-26/visual-history-gold...
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Gold Manipulation: The Logical Outcome Of Mainstream Economics
http://www.zerohedge.com/news/2013-02-21/guest-post-gold-man...
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Gold Manipulation: How They Do It (And How To Hedge It)
http://www.zerohedge.com/news/2013-02-26/guest-post-gold-man...
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Visualizing Platinum & Palladium's Place In The World
http://www.zerohedge.com/news/2013-01-24/visualizing-platinu...
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Gold & Silver, Ron Paul: THE TRUTH
http://www.youtube.com/watch?v=E-ShSGz89mA&feature=related
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Visualizing All The Silver In The World
http://www.zerohedge.com/news/2013-03-01/visualizing-all-sil...
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Bitcoin: Rate Charts and Commodity Exchanges
http://bitcoincharts.com/markets/
https://ounce.me/
........................................................................
Welcome to the Daily Paul Metals thread. This thread was designed to keep all metals questions and comments in one place. At over 19,500 posts, we try to keep the price of Metals in the headline as up to date as possible...but sometimes it can get away from us. Feel free to ask questions about (all) investing here...you will get an array of answers that will help you in your decisions. Remember...any investment can have loses or gains...If we knew exactly where the markets will be tomorrow or a year from now we would all be wealthy.......The people here have strong opinions one way or another, so... Do your own research and then decide if metals are good for you. Ron Paul is a firm believer in holding physical Gold and Silver. Many of us share that same view! Welcome!
NOTE: Thread is now monitored for posting violations.

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How Governments will confiscate your GOLD!!!
http://www.sovereignman.com/expat/gold-confiscation/
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4 Must watch videos...NOTE:These videos give you a heads up of what is coming!
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Madness of a Lost Society (in 4 parts)
http://www.youtube.com/watch?v=HyjAHfnu0qc
http://www.youtube.com/watch?v=WRvjufH29vE
http://youtu.be/p_Ic_OvIPtU
http://youtu.be/2FZmHBcrk5Q
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The Day the Dollar died...
http://www.youtube.com/watch?v=2N8gJSMoOJc
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Gold $5000 and Silver $200 an ounce...

Rob McEwen: Your readers need to appreciate: Gold is money. It is currency. I think the number of people familiar with gold will grow as people see gold as a currency. China, India, Russia are buying gold to diversify their foreign reserves. To restore the confidence in currencies, I think some central banks, such as the Chinese and possibly the Russian, will increase their gold holdings to the level that the percentage of their total currency will be greater than that of any other currency in the world. At that point, they will assert that their currency should become the reserve currency of the world.
Full Read....
http://news.goldseek.com/GoldSeek/1313942400.php
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*****************************************
Inflation or Deflation....Metals win...
http://news.goldseek.com/ClifDroke/1310933400.php
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Why Deflation is good for Precious Metals:
http://seekingalpha.com/article/183323-why-deflation-is-good...
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Live Charts Here...
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES...
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LIVE DOLLAR CHART HERE
http://www.goldseek.com/quotes/charts/usdollar/usdollarindex...
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This thread was started 9/16/10 - here were the prices.

Submitted by SteveMT on Thu, 09/16/2010 - 11:51.

Metal Bid Ask
Gold $1,273.60
Silver $20.73
Platinum $1,602.50
Palladium $546.00

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"Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves."
–Norm Franz, Money and Wealth in the New Millenium

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Top Gold Goodies:
From Mark Twain: It links to one page for Options Expiration & another page for Futures Expiration. It is easy to save or print out for reference all year long. It is a handy reference identifying when US contracts expire for 2014.
http://www.apexfutures.com/trading-tools/expiration-dates/
http://www.heritagewestfutures.com/docs/default-source/defau...
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This is where I watch it happen: http://www.goldseek.com
This is where I buy from: www.apmex.com:
A great read. Think and Stop Investing!
http://www.silverstrategies.com/publications/ThinkandSTOP.pdf
This is an incredible site for watching metals:
http://www.24hgold.com/english/home.aspx
This site monitors all ebay metals prices.Check it out:
http://www.24hgold.com/english/buy_sell_gold_coins.aspx?co_id=0
Jim Sinclair - a Great read everyday: http://jsmineset.com
Hard Core Gold site. Great reads: http://321gold.com



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Thx Mark.Good

Thx Mark.
Good thoughts.
Yes, of course there are multiple factors that affect price, like the supply as well.

However, even in the wine examples, it is not higher price driving demand, but demand driving higher prices. As you point out the price of wine rises as it ages because as it ages it becomes more desireable (higher demand). It is the aging that has given it value and hence its desirablity and demand. Collectors vaue it more because it is collectible. Its demand has increased or the perception of demand has increased. Simply raising the price on a freshly made low quality wine will not create demand, however improving quality and aging wine will increase its value, its desireability and hence its demand and hence its price.

As you point out in your second example, the wine is "relatively unknown" and hence lower desirability and lower perceived quality. It is of course why higher quality, higher recognition, aged wines are more expensive, and lower quality, "Relatively unknown" wines must have lower prices in order to sell. It is demand driving higher prices.

And again with art, the atttached history affects its value, increasing its desireability and hence its demand. The attached history increases the demand for the art raising its price. The missing history lowers its historic value lowering its demand. These factors affect its demand and drives the market price higher.

So I think everything is consistent and we are on the same
page.

Let it not be said that we did nothing.-Ron Paul
Stand up for what you believe in, even if you stand alone.-Sophia Magdalena Scholl

Indeed higher demand

Indeed higher demand stimulates higher production. Higher demand also stimulates price, prior to higher production.

Successive years of record breaking sales demand did not casue miners to reduce production, decreased demand did. The last quarter 2011 saw a reduced demand for silver. I might add, I never said that "successive years of record breaking sales/demand causes miners to reduce production", AZJoe seems to somehow pull those words from me... Mining silver as primary ore, as opposed to byproduct ore, increased 5% in 2010, the numbers are not available yet for 2011 (that I can find). I don't think its getting harder to find, production has increased, in the past successive years, as AZJoe noted.

Higher demand stimulates higher price, and higher demand also stimulates higher price. Spot markets are designed to discover price, and they always tend to do so in advance of fundamentals. Spot saw a change in demand coming in advance of it arrival, and price dropped, then demand dropped.

New supply is not the only supply. Many are holding the metal, this is a part of supply. Markets know that if price drops enough, that supply will come to market. You can bet that the producers are ever aware that all these coins/bars sold in the last years have the potential of flooding the market.

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

Again TxRed contradicts

Again TxRed contradicts logic.

Txred claims "if price drops enough, that supply will come to market."

Of course Txred has it exactly backwards. Investors do not rush out to invest lots of capital in new mines to increase production for something that is becoming less valuable yielding less profits. It is the opposite, higher demand pushing higher prices and higher potential profits that stimulates increased production. The same holds true for holders of silver. It is higher prices that lure holders to part with their silver, not lower prices. You don't offer lower and lower prices as a means to entice someone to sell.

Txred also offers zero evidence to support his assertion that, "Spot saw a change in demand coming in advance of it arrival, and price dropped, then demand dropped."

As the article above indicates, demand has not dropped. It is high. Demand has broken records again.

Let it not be said that we did nothing.-Ron Paul
Stand up for what you believe in, even if you stand alone.-Sophia Magdalena Scholl

AZJoe states "Of course Txred

AZJoe states "Of course Txred has it exactly backwards. Investors do not rush out to invest lots of capital in new mines to increase production for something that is becoming less valuable yielding less profits", again AZJoe pulls a his thoughts out of no where and attibutes them to as being mine where nothing of the sort was said.

AZJoe has consistantly spoken of demand as though demand alone sets price. Demand is buyers, supply is sellers.

AZJoe states "You don't offer lower and lower prices as a means to entice someone to sell."

Of course this is true. It is also true that a distressed seller, supply, does not demand higher and higher prices in order to sell. Any homeowner who has had a forced sell, for whatever the reason, during a down market can relate to this fact. You ask lower and lower prices as a means to entice someone to buy.

The above article states that demand has been high in the past, and it EXPECTS demeand to increase in the coming year. It says nothing of demand breaking records in the 4th qtr 2011, which saw a decline in demand yoy.

AZJoe has stated that rising prices tend to result in lower demand, which I have stated is true in the case of consumer goods, but not always so in investment vehicles which often have the highest prices coinciding with the highest demand. A glance at a one year chart of SLV demonstrates this, where volume exploded along with price in April 2011. This demand increase is CAUSED by rising prices, and greed. Investors see the rising price and imagine even HIGHER PRICES. The investor buys expecting higher prices, not lower, just as AZJoe has stated. It is the expectation of HIGHER PRICE that is driving the demand in investment vehicles, just the opposite as found in consumer goods prices. Buyers are demand, sellers are supply. Once the buyer has bought the buyer is now supply, or the seller. We can see from looking again at the SLV chart that as price declined that SUPPLY outpaced demand.

Certainly I acknowledge that the SLV example is not the same as physical silver, supply (investment holders) of silver has not yet come to market. But to say that supply is tight is to ignore those holding silver. They too are a part of total supply. When prices declined in SLV we see the greatest VOLUME of Buyers/Sellers. The buyers did not have to "offer lower and lower prices as a means to entice someone to sell" as AZJoe put it, instead it was sellers (supply) that asked for lower and lower prices as a means to entice buyers to buy. Sellers drive price down through their desire to be rid of the investment, anticipating lower prices. Buyers drive prices up in their desire to own, anticipating higher prices. As price rises, SELLERS (supply) control price. by holding out for higher prices. As price falls Buyers (demand) control price by holding out for lower prices. We can see from looking at volume charts for investment vehicles that demand is typically high at BOTH price highs and price lows. At lows there tends to be plenty of supply (sellers) to meet demand, at highs there tends to be less supply prior to the high, with an increasing supply after the high.

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

Nowhere did I state or imply

Nowhere did I state or imply there were no other factors on price except demand. Of course other factors affect price, notably supply as referenced in my question in my comment above. That is a non issue manufactured straw man. We agree supply also affects price. However the issue was not what are all the factors affecting price. The issue was the cause versus effect relationship bewtween higher price and demand specifically and lower prices and supply, as already addressed in my comments above.

Let it not be said that we did nothing.-Ron Paul
Stand up for what you believe in, even if you stand alone.-Sophia Magdalena Scholl

AZJoe is correct, AZJoe has

AZJoe is correct, AZJoe has not stated or implied (directly) that demand is the only factor. Yet demand is all that AZJoe has referenced up till this post.

AZJoe states Nor does Txred explain how he concludes that successive years of record breaking sales/demand causes miners to reduce production.

This statement ignores that these "Successive years of record breaking sales/demand" has been due to a dramatic increase of investment silver. Industrial metals, just as other consumer goods, get used up. When a gallon of gas is burned it is not longer there. Investment silver on the other hand becomes a part of supply, the buyer does not intend to "use it up", but is holding with the intention to sell or barter with it at some future time. "Successive years of record breaking sales/demand", for investment silver, equals a record build up in supply.

"Successive years of record breaking sales/demand", as AZJoe states, by silver INVESTORS means there has been a build up in supply.

AZJoe asks, So what is the likely effect on price of increasing demand simultaneous with diminishing production and/or diminishing supply? I wonder if miners might see that there is a large stockpile (oversupply) accumlating in the hands of investors and as a result, cut back production?

I ask, So what is the likely effect on price of increased supply with diminishing demand?

AZJoe states, "As the article above indicates, demand has not dropped. It is high. Demand has broken records again." The article does does not indicate that demand has not dropped, it states that in the past years demand has been high, something I do not refute. The author further states the expectations of future demand.

It would seem that both AZJoe and the author have completely ignored the dramatic decline in demand in India, the world's largest importer of precious metals, as well as other factors indicating decreasing demand in the recent 4-6 months...

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

I should further add that

I should further add that while AZJoe is correct that higher prices do tend to decrease demand of consumer goods, this is not the case for investment vehicles. With investment vehicles demand does indeed increase with higher prices, often with the highest demand seen at price highs.

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

Txred is confusing cause and

Txred is confusing cause and effect. What he is doing is akin to claiming wet sidewalks cause rain. Even for investment assets, it is the demand that drives the higher price, not the other way around.

By TxRed's logic one could stimulate demand for gold simply by setting the price at $20,000 per ounce. A company could stimulate demand for their stock simply by tripling the price of new shares. All penny stocks could become high demand vehicles by increasing the price. Of course that is absurd.

The increasing demand is what drives the price higher. Sometimes demand rises and prices rise and demand rises further and prices rise further continuously for a period. Sometimes it is a bubble, sometimes it reaches a new plateau higher level of price and demand. But do not confuse the cause and effect. It is still demand that drives the price higher. And for investment assets, the increasing demand can sometimes stimulate further demand. Investors do not buy at the higher price simply because the price is higher, but because demand is higher or rising or a belief that demand will rise further. If demand drops or future demand is perceived as dropping, you are not going to stimulate more demand by raising the price no matter how high you raise the price.

Let it not be said that we did nothing.-Ron Paul
Stand up for what you believe in, even if you stand alone.-Sophia Magdalena Scholl

Again AZJoe is twisting

Again AZJoe is twisting around things never said, pulling them out of thin air, if only to belittle the other in order to bolster his own.

AZJoe states Txred is confusing cause and effect. What he is doing is akin to claiming wet sidewalks cause rain. Even for investment assets, it is the demand that drives the higher price, not the other way around., when it is easily seen a few post prior to AZJOE making this comment, my post states, "Higher demand also stimulates price".

AZJoe seems to be the one confused, as I had stated that, in investment vehicles demand drives up prices, and higher prices drive up demand. I have given examples, AZJoe has "presented no evidence whatsoever" to refute this, AZJoe attempts to refute this only with ludicrous arguements such as "What he is doing is akin to claiming wet sidewalks cause rain." It is what is commonly known as "investors chasing performance", what is going up in price attracts more investors thinking that if it has been going up so much, surely it must be going up even more.

AZJoe states"By TxRed's logic one could stimulate demand for gold simply by setting the price at $20,000 per ounce. A company could stimulate demand for their stock simply by tripling the price of new shares. All penny stocks could become high demand vehicles by increasing the price."

AZJoe's statement is ludicrous, but AZJoe is fond of making ludicrous arguements. Price increases incrementally, and AZJoe is well aware of that. He finishes that paragraph with, "Of course that is absurd." , when it is his ludicrous arguement that is absurd.

If demand drops or future demand is perceived as dropping, you are not going to stimulate more demand by raising the price no matter how high you raise the price.

AZJoe states that demand raises the price, demand is the buyer. Supply is the seller. And this is true, buyers raise the price. Then AZJoe states, "you are not going to stimulate more demand by raising the price no matter how high you raise the price."... So AZJoe makes these two comments,"demand raises the price...you are not going to stimulate more demand by raising the price"

Is it not "more demand" that raises the price? AZJoe seems confused here...

It is the buyers (demand) that raise the price, the seller (supply) only ask a higher price, it is when the buyer (demand) buys at the supply's ask that the price increases. At price tops, demand (buyers) often increases due to the afore mentioned "performance chasers" (the not-so-smart-money) come to market late. A plethora of articles are easily found on the performance of these type investors. A look at the volume charts confirms that at "most" major tops volume explodes before the high is made, this is HIGH DEMAND as price increases. And it is, at the same time, increasing supply as the counter party (the smart money) sells, indeed even overwhelming the high demand. Typically higher prices result in decrease demand. As price explodes upward, accompanied by exploding demand, "Smart Money" sees that as an exiting clue; not-so-smart-money is ready to "chase performance". Supply (sellers) increases to safisfy the buyers (demand) until the performance chasers are again holding the bag..."Smart money", seeing exploding price accompanied by exploding demand, has "percieved a future drop in demand" and increased the supply by exiting thier positions.

It is, as Mark Twain put it, an inverse relationship to the normal supply-demand expectations. This inverse relationship is not seen throughout investment market action, only at price extremes, both lows and highs.

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

lol

uh huh.... so all of us silver investors are going to suddenly flood the market with our metal.. and just what are we going to flood the market for? do tell.. I am fascinated to know what in the hell a silver bug that sees the underlying fundamentals of the silver market coinciding with the biggest fiat bubble in human history would possibly give up their silver for? more fiat??

Humility is the cornerstone of a Warriors Strength.

A need for dollars that

A need for dollars that overwhelms the desire to have metals, to name one.

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

really

a need for something that is being devalued purposely and will end up on the chopping block for good.. an instrument of debt that has failed around 3000 times before... yes... i have to trade in my silver for that.. I must also assume that what the world is going through is completely normal and we will all be ok and this is just a normal cycle.

you may be right though. the desire to have something worthless is in the DNA of Americans.

time will tell.. or either time will repeat itself again for the 3000th time pretty soon.

Humility is the cornerstone of a Warriors Strength.

rolls eyes.....

rolls eyes.....

has no arguement...

has no arguement...

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

my colleagues here are smart

my colleagues here are smart enough to know when something so blaringly wrong has been posted. I don't have the time or energy to correct you and Prechter again for the 10,000th time.

I've told you several times

I've told you several times that I don't read nor follow Prechter, but you continue to make such statements. I'd expect that from someone who can't make an arguement...

Speaking of Prechter, he had an interview about 2 weeks ago. He was saying that he thinks the dollar has started a bull market, and everything else is going down. My future (medium term) expectations that I've posted here are quite the opposite of what he is saying.

Since June I've stated that I think silver has another high (with an alternate scenario if price drops below the 2008 high), and that I expect the dollar to make one more low, before it starts an enormous bull market.

For the 10,000th time??? Obviously a typo, about 4 times on the zero key.

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

lmao

"smart enough to know when something so blaringly wrong has been posted"

...are you sure about that????

lol

you crack me up

Humility is the cornerstone of a Warriors Strength.

SteveMT's picture

Here We Go Again: US $25M Away From Debt Ceiling

Here We Go Again: US $25 Million Away From Debt Ceiling Breach
Tyler Durden's picture
Submitted by Tyler Durden on 01/05/2012 16:07 -0500

It's simply amazing how quickly the US managed to hit its debt target, pardon, debt ceiling all over again...And now the Social Security Fund pillaging begins anew until Congress signs off on the latest interim debt ceiling increase.

http://www.zerohedge.com/news/here-we-go-again-us-25-million...

47.4 M on food stamps
$4,726 is the ave. savings/family
http://www.usdebtclock.org/

Simply fraud. Why borrow Fed Reserve Notes we just printed?

US funding requests are requests for increasing our National Debt. In turn, our government grows beyond our means. The government gets mean... Takes us beyond our means. We have but the said-same debt the Federal Reserve ledgers (wagers) for us. That is, we poor folk receive salary (Latin: salt money) as our wage. Whether you call it wage or salary, it is the same debt that our government printed... Then gifted to the Federal Reserve [fain amazement]. Our whole country allows the Federal Reserve to claim as debt when Dollars we print are spent.

Any blame reason to spend that blasted green paper debt receipt... Cash! The bane folks of wanting a fair & equitable monetary system. We poor folk spend our lives spending that same ol' debt monopoly-money. How is it that "Make debt quick scheme" came to run our economy? The world's economy? Casinos seemingly everywhere in our civilized world? Step right up! Make a bet!

[Victrola ques up The Gambler Kenny Rogers]]

In a debt based money-changing system, a winner is known as one holding piles of debt. Everyone can win. Everyone can lose.

Perhaps we could go out to bid. Request for proposal:

        WANTED: FREE MONEY

    Last seen with gold (1914) & silver (1965). If you learn of the where-abouts, please notify authorities c/o Mark Twain.

Gold & Silver: Not armed, nor dangerous. No caution advised.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

SteveMT's picture

Schiff: Was 2011 The End of the Gold Rush?

Peter Schiff
Posted Jan 5, 2012
http://www.321gold.com/editorials/schiff/schiff010512.html
For such a wonderful year for precious metals investors, the final calendar quarter left little to celebrate. Just as people now take for granted that their phones will also take pictures, play music, and surf the internet, many investors have come to expect gold and silver to move up in a straight line.

In fact, in a recent CNBC interview one analyst claimed that gold's recent correction proves that it is not really a safe haven. In truth, such a statement merely proves how little some analysts know about markets.

However much the fundamentals may be on your side, there are always mitigating factors that affect price movement. In the case of gold and silver, the temporary resurgence of the dollar versus other fiat currencies alternatives has been the dominant factor - but even that isn't the whole story.

More at link above.

The insanity of using debt to measure wealth goes up & down.

Price volatility has much to do about the US Dollar. Much to do about nothing. Mitigating factors lessen ill affects. Measuring man's wealth in paper Dollars is suspect. Each Dollar printed is added to our National Debt, payable to the Fed Reserve. Insanity knows no bounds.

Elementally speaking paper is mostly carbon. The Printers-That-Be tax carbon heavily (Paper Dollar income, inheritance, purchases, transfers, inventory...), whilst bequeathing tax credits liberally. "It make no sense."

Elementally saving value? Gold & silver are quite convenient, as attested over the centuries. Gold & silver coin have a very stable purchasing power.

The elements are always on your side. Whoa be a man seen without elements. Hark, without elements, man would be nothing.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

another epic rant

ann barnhardt lays it all out... she is a pistol and speaks her mind. hopefully she will endorse RP at some point.. in the meantime I know she is loony in some ways but she speaks the truth about this MF Global scam... check it out
http://www.financialsense.com/financial-sense-newshour/guest...

Humility is the cornerstone of a Warriors Strength.

Banks either Hypothethecate, Re-hypothecate... House of Cards!

3:30 minute. Hypothecate, Re-Hypothecate 140% in US, or infinity in UK. House of Cards!

5:30 minute People were upset about the $700 Billion TARP... Then the Fed backstopped, loaned, guaranteed... $8 Trillion! ... FDIC (and other supposed) insurance are designed to cover losses of a firm, one at a time... No systemic failure!

20:00 Hank Paulson, US X-Secretary of Treasury revealed US Treasury plans to take over Fannie Mae (FNM) & Freddie Mac (FRE) to 12 hedge Fund managers.

35:00 Summary. Futures markets? So bad farmers will have to resort to storing their grains on their own onsite grain elevators. They cannot protect themselves from the risks of even grain elevator operators engaging in futures markets...

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

SteveMT's picture

Perter Schiff talkes about 2012 and gold.

SteveMT's picture

Gold Jumps As Citi Says Gold Sell Off Over

Gold Jumps As Citi Says Gold Sell Off Over, Reiterates $2400 Target
Submitted by Tyler Durden on 01/04/2012 10:23 -0500

Wondering why gold has moved by over $20 in the last few minutes? Wonder no more - according to a note just released by Citi analyst Tom Fitzpatrick, the gold correction "has run its course and a rally is now back on the cards." Granted it is not all smooth sailing - "Gold may drop to $1,550 before turning", but when the turn comes, Fitzpatrick sees it as going all the way up to $2,400. He has the following technical observations: "Only a weekly close below $1,535/oz means corrections may be deeper."
http://www.zerohedge.com/news/gold-jumps-citi-says-gold-sell...

Silver @ $1,000 before hyperinflation... Silver promotional site


Global Investments Ltd

"2011 was both an amazing and disappointing year for silver investors. The most disappointed of all are those who bought in during the April highs, when silver almost reached $50. However, what these investors need to remember is that not too long ago, people were fretting over changes in prices of ten cents or less. Not too far down the road, the difference between $29 silver and $50 silver will also seem rather minimal. A look at some of the fundamentals which underpin the silver..."

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

US Dollar as coin melted.

Fed Bank notes... promissory notes... go up in smoke.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

US Dollar left on the last stage otta here, 1971.

Dodge was sold to the Roman's last year... Run clean out of the city. "Gone with the wind..."

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul