3 votes

Rumors of QE3 and gold/silver start surging...

"better late than never" I guess, I just started investing in physical silver over the last couple of weeks.

Today, I noticed my kitco monitoring showing Gold and Silver "green" for the first time in a couple weeks... the Fed has had an all out blitz on this week with many of the bank presidents speaking publically (and more to come), and today silver is up almost 3% and gold up almost 1%.


Going to be interesting watching this, to see if we see similar manipulation of the market come Sunday / early next week. If the price of silver espeically gets hammered back down yet AGAIN, I know what I'll be doing next week... :D

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Just invested in some Silver Eagles

yesterday, and noticed something. Everyone wonders if there is gold in Fort Knox right? If the Gold and Silver sold by the US mint comes from the treasury (and it does) wouldn't one conclude that they are selling it all off, and have been for quite some time? If Silver goes back down to $31.50 I'll be investing a little more ;)

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

Ron Paul was trying to audit Fort Knox

but the establishment is good at stalling. There was a story about China getting a pallet of gold in exchange for some treasury bonds. China like Reagan says trust but verify, tested the gold. Seems a carbide drill bit broke when they drilled onto one of the bars. The bars turned out to be 10% gold plate over tungsten bars. Tungsten has the same weight properties as gold but is super hard. The Bars had a stamp of Fort Knox on them.

I believe there is only funny gold at best in Fort Knox if any.

The US Government owned 5 billion oz of silver 40 years ago today there is zero, the mint has to buy silver for their coins. The silver was used to manipulate the silver market for years, now they use computers.

Congress even had hearings on why silver was so hard to get for the US mint two years ago. watch video at 4:25 proves there is no silver.


Gold standard: because man can not be trusted to control his greed

The market has always been

The market has always been manipulated and it won't stop after QE. It is what it is and if that is not something the individual investor can compensate for, then they should think twice about investing.