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Banks in big trouble
Submitted by JohnGalt300 on Thu, 03/13/2008 - 01:42
http://business.timesonline.co.uk/tol/business/economics/art... Unfortunately, a close family member works for one of these companies. » |
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Actually it's historically
Actually it's historically been 16:1 or 15:1 depending on country. It should be flip flopped because there's 4 billion ounces of gold above ground vs. 1 billion of silver. On top of that, you've got silver shorts, industrial use etc. etc. If you put it into perspective silver and gold should have traded valuation years ago but it's been suppressed.
Puppets come and puppets go but the world's stage is getting cluttered.
painful creative destruction in the free market
can often only be prevented by government action, which can be worse. Unfortunately, many suffer from the choices of a few in life. We all rely on each other in some respect and those in leadership greatly, and the deciders at the top of the food chain aren't necessarily the wisest of us. Who knows, getting kicked off the gravy train and trampin' it for bit might be the best thing that could happen. Been there, done that.
so should i buy gold today?
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.
Arthur Schopenhauer
buy silver today.
silver has a long way to go and you stand to make alot more if the silver mkt. follows 2000plus years of recorded history. usually about 10:1 to gold. check out jason hommel silver stock report. i'm pretty sure he supports ron paul too.
Today?
You should ahve bought in the last dip. But with the Carlye Capital fund going bankrupt , if not today within the next few days probably, you really should hedge now.
Update: The dow is now down -209.38.
i have bought when it was some lower
about $100 less. but want to get my $$ out of paper. so was wondering if i should buy today or hope for another drop within the next 2 wks.
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.
Arthur Schopenhauer
Buy
whenever you have the 'extra' cash. Make buying part of a long term plan. Don't try to time the market. When? The answer is always, "now".
Email Henry Paulson
Lets email Henry Paulson and tell him to shut down the fed so he can do his job constitutionally! I cannot find any emails for the Treasury. Anyone have his email?
Rumor has it he's dead...
Rumor has it he's dead...
He probably left
the building for good.
I can not get to any gold
I can not get to any gold spot price charts right now!
Try
Goldprice.org. I can always get through to them.
That's normal
When you can't get a current spot price there's usually a major movement happening. Kitco has gone down so many times today just from people checking spot. The last time I looked a few minutes ago it was at $997.80, up $14. Obviously the charts still aren't loading so we'll see what happened as soon as it does. Sometimes Bloomberg is a good source. Looking there I see gold at 998.70.
Also take note of the Dow today. It fell like a rock straight down -189.76. Eek! -195.06 now:
Bloomberg Market Data
Watch Gold
That will tell you were the confidence really is. It's up almost $12 per ounce today. Some claimed it actually achieved $1000 per ounce. Gold is back and so is oil. Gold production last quarter in South Africa, the second largest gold producer just under China, slid 16% do to power outages etc.
We're in for a wild ride.
Update: Gold went up $1 more while I was typing this.
Bloomberg
says it did reach 1000. This is going to be interesting.
At 8:45 am CST today
Gold actually hit an asking price of $1000/oz.
The massive fiat cash infusion sure did'nt go far.
I suspect a bunch of it went overseas, since a lot of financial business are mostly foreign owned now.
-
People worldwide support Dr. Paul too :-)
http://www.pollingmatrix.com
Real eyes realize real lies
2012, we want our country back
2012 is the year for Ron Paul!
MSM Report: http://www.msmreport.com/
who owns federal reserve
Federal Reserve ....... http://www.youtube.com/watch?v=0ex7HQyHhSA ....http://www.youtube.com/watch?v=BPU8w7Bxc0A&feature=related we need the Ron Paul revolution to continue. .... http://www.youtube.com/watch?v=SBCKMTo210k
Liberty is our campaigns gift to the world it is our manifest destiny.
Freedom is a movement who's time has come. Our campaign will lead world wide freedom.
Is this the
catastrophe that will bring martial law and a dictator?
No, the people, including the police and military
will unite and change the system. Our leaders (CEO's) have failed us. Time to fire them.