Gold Down

[partypup]

Gold and silver are being manipulated by central banks on a massive scale. I’ve been hearing about metals shortages for months now, but I experienced it first-hand today. I called my broker to buy 10K in silver, and he told me that as of two (2) days ago, a restriction was instituted by Fidelitrade that limits purchase of silver to 500 ounces per account.

No exceptions!

The U.S. mint has stopped selling almost all of its gold products, including gold Eagles.

At the end of the day, the laws of supply and demand will prevail.

You simply cannot long suppress the price of something that is clearly in short supply. The smoke eventually clears, and the mirrors one day break.

Metals are the only honest money left. The paper will go up in flames. I only keep enough in dollars to tide me over until people realize they are worthless. Then everyone will turn to gold and silver — and food, liquor and cigarettes.

Just watch.

[partypup]

“Yes, I think stockstradr is right about the panic aspect. Deflationary pressure is a real price killer. if you look at gold in most recessions, it goes down with everything else.”

But don’t forget what Bernanke has pledged to do in order to combat deflation: print, print, print. I think inflation is the inevitable government response to deflation. And you will very much want gold when the printing presses start revving up. In fact….I can hear them humming now 😉

Do you really think a $700 billion dollar loan is deflationary??

[partypup]

“Yes, I think stockstradr is right about the panic aspect. Deflationary pressure is a real price killer. if you look at gold in most recessions, it goes down with everything else.”

But don’t forget what Bernanke has pledged to do in order to combat deflation: print, print, print. I think inflation is the inevitable government response to deflation. And you will very much want gold when the printing presses start revving up. In fact….I can hear them humming now 😉

Do you really think a $700 billion dollar loan is deflationary??

[partypup]

“Yes, I think stockstradr is right about the panic aspect. Deflationary pressure is a real price killer. if you look at gold in most recessions, it goes down with everything else.”

But don’t forget what Bernanke has pledged to do in order to combat deflation: print, print, print. I think inflation is the inevitable government response to deflation. And you will very much want gold when the printing presses start revving up. In fact….I can hear them humming now 😉

Do you really think a $700 billion dollar loan is deflationary??

[partypup]

“Yes, I think stockstradr is right about the panic aspect. Deflationary pressure is a real price killer. if you look at gold in most recessions, it goes down with everything else.”

But don’t forget what Bernanke has pledged to do in order to combat deflation: print, print, print. I think inflation is the inevitable government response to deflation. And you will very much want gold when the printing presses start revving up. In fact….I can hear them humming now 😉

Do you really think a $700 billion dollar loan is deflationary??

[partypup]

“Yes, I think stockstradr is right about the panic aspect. Deflationary pressure is a real price killer. if you look at gold in most recessions, it goes down with everything else.”

But don’t forget what Bernanke has pledged to do in order to combat deflation: print, print, print. I think inflation is the inevitable government response to deflation. And you will very much want gold when the printing presses start revving up. In fact….I can hear them humming now 😉

Do you really think a $700 billion dollar loan is deflationary??

[barnaby33]

Do you really think a $700 billion dollar loan is deflationary??

Depends on the response from our foreign creditors. Of itself no, the 700 billion is inflationary. If however it blows open treasury spreads, you’ve just opened the gates of hell. That is deflationary and there is NO stopping it once it starts. The rush for the exits would be monstrous.

So in my mind its not that we won’t try to print our way out of this mess, its that we will fail. Debt will be repaid or defaulted, equilibrium will be restored and there will be a lot of pain (deflationary) between here and there.

Dead-on-balls-accurate, its an industry term. I’m just not sure what industry.
Josh

[barnaby33]

Do you really think a $700 billion dollar loan is deflationary??

Depends on the response from our foreign creditors. Of itself no, the 700 billion is inflationary. If however it blows open treasury spreads, you’ve just opened the gates of hell. That is deflationary and there is NO stopping it once it starts. The rush for the exits would be monstrous.

So in my mind its not that we won’t try to print our way out of this mess, its that we will fail. Debt will be repaid or defaulted, equilibrium will be restored and there will be a lot of pain (deflationary) between here and there.

Dead-on-balls-accurate, its an industry term. I’m just not sure what industry.
Josh

[barnaby33]

Do you really think a $700 billion dollar loan is deflationary??

Depends on the response from our foreign creditors. Of itself no, the 700 billion is inflationary. If however it blows open treasury spreads, you’ve just opened the gates of hell. That is deflationary and there is NO stopping it once it starts. The rush for the exits would be monstrous.

So in my mind its not that we won’t try to print our way out of this mess, its that we will fail. Debt will be repaid or defaulted, equilibrium will be restored and there will be a lot of pain (deflationary) between here and there.

Dead-on-balls-accurate, its an industry term. I’m just not sure what industry.
Josh

[barnaby33]

Do you really think a $700 billion dollar loan is deflationary??

Depends on the response from our foreign creditors. Of itself no, the 700 billion is inflationary. If however it blows open treasury spreads, you’ve just opened the gates of hell. That is deflationary and there is NO stopping it once it starts. The rush for the exits would be monstrous.

So in my mind its not that we won’t try to print our way out of this mess, its that we will fail. Debt will be repaid or defaulted, equilibrium will be restored and there will be a lot of pain (deflationary) between here and there.

Dead-on-balls-accurate, its an industry term. I’m just not sure what industry.
Josh

[barnaby33]

Do you really think a $700 billion dollar loan is deflationary??

Depends on the response from our foreign creditors. Of itself no, the 700 billion is inflationary. If however it blows open treasury spreads, you’ve just opened the gates of hell. That is deflationary and there is NO stopping it once it starts. The rush for the exits would be monstrous.

So in my mind its not that we won’t try to print our way out of this mess, its that we will fail. Debt will be repaid or defaulted, equilibrium will be restored and there will be a lot of pain (deflationary) between here and there.

Dead-on-balls-accurate, its an industry term. I’m just not sure what industry.
Josh

[Arraya]

Looks like it is kind of a damned if you do damed if you don’t kind thing for the US. I think it is safe to assume when the fed and treasury put a gun to your head and say “gimme your money or your going down”, the shit is hitting the fan.

I can’t see this ending well.

[Arraya]

Looks like it is kind of a damned if you do damed if you don’t kind thing for the US. I think it is safe to assume when the fed and treasury put a gun to your head and say “gimme your money or your going down”, the shit is hitting the fan.

I can’t see this ending well.

[Arraya]

Looks like it is kind of a damned if you do damed if you don’t kind thing for the US. I think it is safe to assume when the fed and treasury put a gun to your head and say “gimme your money or your going down”, the shit is hitting the fan.

I can’t see this ending well.

[Arraya]

Looks like it is kind of a damned if you do damed if you don’t kind thing for the US. I think it is safe to assume when the fed and treasury put a gun to your head and say “gimme your money or your going down”, the shit is hitting the fan.

I can’t see this ending well.

[Author]

Posts