Monday, May 30, 2011

The European Gold confiscation scheme unfold

The European Gold confiscation scheme unfold ,Let the whole banking system collapse, it's built on sand anyway.the US is next, that is why you should care. They are trying their scheme out on a small, basically defenseless country to see how it works, then they will 'grow' the program. The banks will own everything if nothing is done to stop them. They own most of the real estate in the US when you consider everyone 'borrows' to buy it and if they default, it goes back to the back, not the original owner it was sold from.
A very informative interview, we need to get Sprott, Ned and Morgan together with Max to discuss how to take over the warehouse supplies of silver...well done Max and Stacy!


The excessive printing of dollars to keep the economy from a great depression is fuelling inflation. PIMCO has lost faith in the US government and is investing in precious metals. As more people pull their heads out of the sand and stop watching X Factor on TV more of them will pile into the only real store of value - gold & silver etc.

Why buy Gold and Silver vs Holding Dollars

Why buy Gold and Silver vs Holding Dollars Some basic information as to why people are converting some of their dollars to physical gold and silver. It explains some basic history of gold and why printing money out of thin air is helping physical gold and silver go up in value.I look around on the prices among well known companies.(NWT, APMEX, Kitko, etc, etc..) I've noticed MANY would cost us HIGH in total. MOST has minimum order like $1000.00 or 50 oz, plus some time S/H charge. Then depending on your payment method, your bank will also charge you their service fee. Today the spot price is about $43/oz. It would cost you about $60 / oz.in total. If you buy them from eBay or flea Market, got to watch out since so many Chinese fakes are going around.





Our nation is the largest debtor nation with over 14.3 Trillion dollars in official debt. The only move our government can do is to inflate away our debts. We print so many dollars that the money eventually becomes worthless. Inflation is bad for creditors, but good for debtors. If we deflate the currency, economic growth will slow down. Foreclosures and Bankruptcies would go up. Our nation has past the point of no return. The best thing we can do is to prepare ourselves.

James Turk : $400 SILVER between 2013 and 2015

James Turk Director of the GoldMoney Foundation : ...well let's step back and look at the long term point of view I am sticking to my long term forecast that sometime between 2013 and 2015 Gold will be about $8000 and ounce and Silver will be about $400 an ounce , the ratio between the two metals will be 20 ounces of silver to buy one ounce of gold , I made this forecast back in October 2003 , obviously when the price of gold and silver was much much lower , the point I am making is that we are in a financial bust and during a financial bust like the one we have been in for several years and still few more years to go people move out of financial assets and move into tangible assets because they are looking for a safe heaven , they want to avoid counter party risk and the safest of all heavens are the precious metals because they are tangible assets with no counter party risk , so for the longer point of view we are still heading into a much much higher , you mentioned the way I approach the market which is to continue accumulating , do not view gold as an investment it really is not an investment because it does not generate cash flow it's really money and when you accumulate gold you are actually saving money and saving money is a good thing , at some point in time in the future we are gonna take these savings and either invest them or we gonna spend them or just continue to hold them , at some point in time in the future gold will be at the maximum and you want to take advantage of everything that you are saving now through the these difficult economic and financial times , in regard to the short term , I am looking for a a pop up in gold price this summer and it relates back to what happen in the summer of 1982 when the Mexican government defaulted on its debt and it sent gold up 50 percent in three months and a double in six months , the circumstance today is very similar , the government ready to default though is not Mexico , it's Greece Portugal Ireland may be even Italy who knows , any number of countries that will be defaulting on their debt and when that happens I think that could really light a fire out of the Gold price so ...be prepared for an upside jump in the gold price this summer ...."
perhaps by selling your scrap gold through an reputable precious metals exchange among other methods.


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
DAILY NEWS ON BOOZE