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partypup
Participant[quote=4plexowner]How to Prepare For China’s Coming Derivatives Default
http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=13426this guy is using fear to sell his newsletter but there is good info on the China / derivative issue before he starts his sales pitch[/quote]
I think the Chinese may have already walked away from some of these contracts, especially silver. That’s why the price is surging in an unprecedented fashion. But even if they haven’t, Ted Butler spells out exactly what we can expect in the silver market when they do walk.
A must-read article.
Participant[quote=4plexowner]How to Prepare For China’s Coming Derivatives Default
http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=13426this guy is using fear to sell his newsletter but there is good info on the China / derivative issue before he starts his sales pitch[/quote]
I think the Chinese may have already walked away from some of these contracts, especially silver. That’s why the price is surging in an unprecedented fashion. But even if they haven’t, Ted Butler spells out exactly what we can expect in the silver market when they do walk.
A must-read article.
Participant[quote=4plexowner]How to Prepare For China’s Coming Derivatives Default
http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=13426this guy is using fear to sell his newsletter but there is good info on the China / derivative issue before he starts his sales pitch[/quote]
I think the Chinese may have already walked away from some of these contracts, especially silver. That’s why the price is surging in an unprecedented fashion. But even if they haven’t, Ted Butler spells out exactly what we can expect in the silver market when they do walk.
A must-read article.
Participant[quote=4plexowner]How to Prepare For China’s Coming Derivatives Default
http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=13426this guy is using fear to sell his newsletter but there is good info on the China / derivative issue before he starts his sales pitch[/quote]
I think the Chinese may have already walked away from some of these contracts, especially silver. That’s why the price is surging in an unprecedented fashion. But even if they haven’t, Ted Butler spells out exactly what we can expect in the silver market when they do walk.
A must-read article.
Participant[quote=CONCHO]Also, keep in mind that the truly beautiful thing about gold is no matter how hellish this country gets or how much power TPTB exert, gold will continue to have value across borders. If you wake up one day and Obama has lost what’s left of his mind, and you realize that for your own protection and safety you need to get the hell out of Dodge, good luck relocating to another country with your garden seeds and food. Oh, and you may have to leave that house behind. I, on the other hand, will quietly scamper out with gold in my pockets and in a false bottom of a suitcase. And I will begin anew in a country that is more receptive to my needs.
BWAHAHAHAHA! Do you really think the TSA Gangstaz are gonna let you waltz through security with gold in your suitcase? Hell they’ll call the FBI and DEA and you’ll be found guilty of money laundering, thrown in the hoosegow, and all your gold will get confiscated. And if you do make it through security, what’s it going to feel like checking that box that says “I am carrying more than $10000USD in currency or valuables” on the customs form at whatever country you’re heading into? There are import taxes you know. Maybe you’ll chance it and leave that one blank I guess. That reminds me of my new favorite TV show, by the way — Locked Up Abroad.
[/quote]
LOL. My dear sweet Concho, there are SO many ways to move metals out of the country. You need to educate yourself. But for starters, you need to learn to anticipate. Yes, if you are as slow as you seem to be now in picking up trends, then you will probably get nailed because you won’t head to the border until the hammer has already fallen. Driving across the border (and catching a plane from there) is also always an option. Quite easy to stash your metals in a car – unless you think we will soon reach a point where the U.S. will search ALL exiting vehicles for metals and cash. In which case, if you truly believe that’s on the horizon, then I would encourage you to leave the country NOW. Because I very much doubt you’d want to stay in a country like that, with or without metals in your possession.
But even assuming that you are on the “late freight” (as my friends in junior high school used to call it), consider the fact that at present it is still possibly to store some of your metals out of the country. You could always opt for a private vault (not a bank) in Switzerland or Austria. Or you could invest in Perth Mint certificates, which are redeemable by the government of Australia for allocated gold and silver upon demand. You would just sashay through the airport with a piece of paper. No metal detectors to bother you. Think you could handle that 😉 And the best part is wherever you are in the world, Perth will wire your proceeds to you in whatever currency you require, or deliver your physical metals. Yes, I’m sure you will say that certificates are just paper. But keep in mind that these aren’t ETFs. I’ve held Perth certificates in the past and have redeemed them for cash and physical metal delivery. It’s no problem. But seriously, since we all know metals will not be useful after a certain point, all you really need is the ability to convert them into whatever currency you need, wherever you plan to live.
One thing you are going to have to learn to do, Concho, if you truly want to survive what’s coming, is to think creatively and stop living in fear. Get your head outside of the box and at least pretend you’re a survivor, man!
Oh, as for bullion being illegal for use in commerce: who cares? Ever heard of a black market? Trust me, when the dollar evaporates people aren’t going to give one iota about the law, especially when most of the law enforcement officials will be unemployed, themselves. Liquor was illegal during Prohibition. Do you think people actually stopped drinking? LOL. Most people have an extremely strong survival instinct, Concho. I suggest you acquire one – and fast.
Participant[quote=CONCHO]Also, keep in mind that the truly beautiful thing about gold is no matter how hellish this country gets or how much power TPTB exert, gold will continue to have value across borders. If you wake up one day and Obama has lost what’s left of his mind, and you realize that for your own protection and safety you need to get the hell out of Dodge, good luck relocating to another country with your garden seeds and food. Oh, and you may have to leave that house behind. I, on the other hand, will quietly scamper out with gold in my pockets and in a false bottom of a suitcase. And I will begin anew in a country that is more receptive to my needs.
BWAHAHAHAHA! Do you really think the TSA Gangstaz are gonna let you waltz through security with gold in your suitcase? Hell they’ll call the FBI and DEA and you’ll be found guilty of money laundering, thrown in the hoosegow, and all your gold will get confiscated. And if you do make it through security, what’s it going to feel like checking that box that says “I am carrying more than $10000USD in currency or valuables” on the customs form at whatever country you’re heading into? There are import taxes you know. Maybe you’ll chance it and leave that one blank I guess. That reminds me of my new favorite TV show, by the way — Locked Up Abroad.
[/quote]
LOL. My dear sweet Concho, there are SO many ways to move metals out of the country. You need to educate yourself. But for starters, you need to learn to anticipate. Yes, if you are as slow as you seem to be now in picking up trends, then you will probably get nailed because you won’t head to the border until the hammer has already fallen. Driving across the border (and catching a plane from there) is also always an option. Quite easy to stash your metals in a car – unless you think we will soon reach a point where the U.S. will search ALL exiting vehicles for metals and cash. In which case, if you truly believe that’s on the horizon, then I would encourage you to leave the country NOW. Because I very much doubt you’d want to stay in a country like that, with or without metals in your possession.
But even assuming that you are on the “late freight” (as my friends in junior high school used to call it), consider the fact that at present it is still possibly to store some of your metals out of the country. You could always opt for a private vault (not a bank) in Switzerland or Austria. Or you could invest in Perth Mint certificates, which are redeemable by the government of Australia for allocated gold and silver upon demand. You would just sashay through the airport with a piece of paper. No metal detectors to bother you. Think you could handle that 😉 And the best part is wherever you are in the world, Perth will wire your proceeds to you in whatever currency you require, or deliver your physical metals. Yes, I’m sure you will say that certificates are just paper. But keep in mind that these aren’t ETFs. I’ve held Perth certificates in the past and have redeemed them for cash and physical metal delivery. It’s no problem. But seriously, since we all know metals will not be useful after a certain point, all you really need is the ability to convert them into whatever currency you need, wherever you plan to live.
One thing you are going to have to learn to do, Concho, if you truly want to survive what’s coming, is to think creatively and stop living in fear. Get your head outside of the box and at least pretend you’re a survivor, man!
Oh, as for bullion being illegal for use in commerce: who cares? Ever heard of a black market? Trust me, when the dollar evaporates people aren’t going to give one iota about the law, especially when most of the law enforcement officials will be unemployed, themselves. Liquor was illegal during Prohibition. Do you think people actually stopped drinking? LOL. Most people have an extremely strong survival instinct, Concho. I suggest you acquire one – and fast.
Participant[quote=CONCHO]Also, keep in mind that the truly beautiful thing about gold is no matter how hellish this country gets or how much power TPTB exert, gold will continue to have value across borders. If you wake up one day and Obama has lost what’s left of his mind, and you realize that for your own protection and safety you need to get the hell out of Dodge, good luck relocating to another country with your garden seeds and food. Oh, and you may have to leave that house behind. I, on the other hand, will quietly scamper out with gold in my pockets and in a false bottom of a suitcase. And I will begin anew in a country that is more receptive to my needs.
BWAHAHAHAHA! Do you really think the TSA Gangstaz are gonna let you waltz through security with gold in your suitcase? Hell they’ll call the FBI and DEA and you’ll be found guilty of money laundering, thrown in the hoosegow, and all your gold will get confiscated. And if you do make it through security, what’s it going to feel like checking that box that says “I am carrying more than $10000USD in currency or valuables” on the customs form at whatever country you’re heading into? There are import taxes you know. Maybe you’ll chance it and leave that one blank I guess. That reminds me of my new favorite TV show, by the way — Locked Up Abroad.
[/quote]
LOL. My dear sweet Concho, there are SO many ways to move metals out of the country. You need to educate yourself. But for starters, you need to learn to anticipate. Yes, if you are as slow as you seem to be now in picking up trends, then you will probably get nailed because you won’t head to the border until the hammer has already fallen. Driving across the border (and catching a plane from there) is also always an option. Quite easy to stash your metals in a car – unless you think we will soon reach a point where the U.S. will search ALL exiting vehicles for metals and cash. In which case, if you truly believe that’s on the horizon, then I would encourage you to leave the country NOW. Because I very much doubt you’d want to stay in a country like that, with or without metals in your possession.
But even assuming that you are on the “late freight” (as my friends in junior high school used to call it), consider the fact that at present it is still possibly to store some of your metals out of the country. You could always opt for a private vault (not a bank) in Switzerland or Austria. Or you could invest in Perth Mint certificates, which are redeemable by the government of Australia for allocated gold and silver upon demand. You would just sashay through the airport with a piece of paper. No metal detectors to bother you. Think you could handle that 😉 And the best part is wherever you are in the world, Perth will wire your proceeds to you in whatever currency you require, or deliver your physical metals. Yes, I’m sure you will say that certificates are just paper. But keep in mind that these aren’t ETFs. I’ve held Perth certificates in the past and have redeemed them for cash and physical metal delivery. It’s no problem. But seriously, since we all know metals will not be useful after a certain point, all you really need is the ability to convert them into whatever currency you need, wherever you plan to live.
One thing you are going to have to learn to do, Concho, if you truly want to survive what’s coming, is to think creatively and stop living in fear. Get your head outside of the box and at least pretend you’re a survivor, man!
Oh, as for bullion being illegal for use in commerce: who cares? Ever heard of a black market? Trust me, when the dollar evaporates people aren’t going to give one iota about the law, especially when most of the law enforcement officials will be unemployed, themselves. Liquor was illegal during Prohibition. Do you think people actually stopped drinking? LOL. Most people have an extremely strong survival instinct, Concho. I suggest you acquire one – and fast.
Participant[quote=CONCHO]Also, keep in mind that the truly beautiful thing about gold is no matter how hellish this country gets or how much power TPTB exert, gold will continue to have value across borders. If you wake up one day and Obama has lost what’s left of his mind, and you realize that for your own protection and safety you need to get the hell out of Dodge, good luck relocating to another country with your garden seeds and food. Oh, and you may have to leave that house behind. I, on the other hand, will quietly scamper out with gold in my pockets and in a false bottom of a suitcase. And I will begin anew in a country that is more receptive to my needs.
BWAHAHAHAHA! Do you really think the TSA Gangstaz are gonna let you waltz through security with gold in your suitcase? Hell they’ll call the FBI and DEA and you’ll be found guilty of money laundering, thrown in the hoosegow, and all your gold will get confiscated. And if you do make it through security, what’s it going to feel like checking that box that says “I am carrying more than $10000USD in currency or valuables” on the customs form at whatever country you’re heading into? There are import taxes you know. Maybe you’ll chance it and leave that one blank I guess. That reminds me of my new favorite TV show, by the way — Locked Up Abroad.
[/quote]
LOL. My dear sweet Concho, there are SO many ways to move metals out of the country. You need to educate yourself. But for starters, you need to learn to anticipate. Yes, if you are as slow as you seem to be now in picking up trends, then you will probably get nailed because you won’t head to the border until the hammer has already fallen. Driving across the border (and catching a plane from there) is also always an option. Quite easy to stash your metals in a car – unless you think we will soon reach a point where the U.S. will search ALL exiting vehicles for metals and cash. In which case, if you truly believe that’s on the horizon, then I would encourage you to leave the country NOW. Because I very much doubt you’d want to stay in a country like that, with or without metals in your possession.
But even assuming that you are on the “late freight” (as my friends in junior high school used to call it), consider the fact that at present it is still possibly to store some of your metals out of the country. You could always opt for a private vault (not a bank) in Switzerland or Austria. Or you could invest in Perth Mint certificates, which are redeemable by the government of Australia for allocated gold and silver upon demand. You would just sashay through the airport with a piece of paper. No metal detectors to bother you. Think you could handle that 😉 And the best part is wherever you are in the world, Perth will wire your proceeds to you in whatever currency you require, or deliver your physical metals. Yes, I’m sure you will say that certificates are just paper. But keep in mind that these aren’t ETFs. I’ve held Perth certificates in the past and have redeemed them for cash and physical metal delivery. It’s no problem. But seriously, since we all know metals will not be useful after a certain point, all you really need is the ability to convert them into whatever currency you need, wherever you plan to live.
One thing you are going to have to learn to do, Concho, if you truly want to survive what’s coming, is to think creatively and stop living in fear. Get your head outside of the box and at least pretend you’re a survivor, man!
Oh, as for bullion being illegal for use in commerce: who cares? Ever heard of a black market? Trust me, when the dollar evaporates people aren’t going to give one iota about the law, especially when most of the law enforcement officials will be unemployed, themselves. Liquor was illegal during Prohibition. Do you think people actually stopped drinking? LOL. Most people have an extremely strong survival instinct, Concho. I suggest you acquire one – and fast.
Participant[quote=CONCHO]Also, keep in mind that the truly beautiful thing about gold is no matter how hellish this country gets or how much power TPTB exert, gold will continue to have value across borders. If you wake up one day and Obama has lost what’s left of his mind, and you realize that for your own protection and safety you need to get the hell out of Dodge, good luck relocating to another country with your garden seeds and food. Oh, and you may have to leave that house behind. I, on the other hand, will quietly scamper out with gold in my pockets and in a false bottom of a suitcase. And I will begin anew in a country that is more receptive to my needs.
BWAHAHAHAHA! Do you really think the TSA Gangstaz are gonna let you waltz through security with gold in your suitcase? Hell they’ll call the FBI and DEA and you’ll be found guilty of money laundering, thrown in the hoosegow, and all your gold will get confiscated. And if you do make it through security, what’s it going to feel like checking that box that says “I am carrying more than $10000USD in currency or valuables” on the customs form at whatever country you’re heading into? There are import taxes you know. Maybe you’ll chance it and leave that one blank I guess. That reminds me of my new favorite TV show, by the way — Locked Up Abroad.
[/quote]
LOL. My dear sweet Concho, there are SO many ways to move metals out of the country. You need to educate yourself. But for starters, you need to learn to anticipate. Yes, if you are as slow as you seem to be now in picking up trends, then you will probably get nailed because you won’t head to the border until the hammer has already fallen. Driving across the border (and catching a plane from there) is also always an option. Quite easy to stash your metals in a car – unless you think we will soon reach a point where the U.S. will search ALL exiting vehicles for metals and cash. In which case, if you truly believe that’s on the horizon, then I would encourage you to leave the country NOW. Because I very much doubt you’d want to stay in a country like that, with or without metals in your possession.
But even assuming that you are on the “late freight” (as my friends in junior high school used to call it), consider the fact that at present it is still possibly to store some of your metals out of the country. You could always opt for a private vault (not a bank) in Switzerland or Austria. Or you could invest in Perth Mint certificates, which are redeemable by the government of Australia for allocated gold and silver upon demand. You would just sashay through the airport with a piece of paper. No metal detectors to bother you. Think you could handle that 😉 And the best part is wherever you are in the world, Perth will wire your proceeds to you in whatever currency you require, or deliver your physical metals. Yes, I’m sure you will say that certificates are just paper. But keep in mind that these aren’t ETFs. I’ve held Perth certificates in the past and have redeemed them for cash and physical metal delivery. It’s no problem. But seriously, since we all know metals will not be useful after a certain point, all you really need is the ability to convert them into whatever currency you need, wherever you plan to live.
One thing you are going to have to learn to do, Concho, if you truly want to survive what’s coming, is to think creatively and stop living in fear. Get your head outside of the box and at least pretend you’re a survivor, man!
Oh, as for bullion being illegal for use in commerce: who cares? Ever heard of a black market? Trust me, when the dollar evaporates people aren’t going to give one iota about the law, especially when most of the law enforcement officials will be unemployed, themselves. Liquor was illegal during Prohibition. Do you think people actually stopped drinking? LOL. Most people have an extremely strong survival instinct, Concho. I suggest you acquire one – and fast.
ParticipantJesus, the dollar is getting absolutely SLAUGHTERED in overnight trading. It’s at 76.170. Gold at $1023, silver at $17.630 (outperforming gold) with a 1.15% gain vs. .32% gain.
I think this may be it, folks. The dollar isn’t even putting up a fight.
As an aside, per Jim Willie’s Hat Trick Letter released today, his “inside sources” affirm that Wells, BofA AND JPMorgan are all teetering on the edge of bankruptcy and will explode with mind-boggling losses in the next 30-60 days. They will bring down what is left of our feeble financial system.
And that’s when the metals fireworks will really begin.
Multiple banking sources also telling him that the dollar will “disappear in 2010”, as in no longer used in foreign trade.
I’m happy to email the Willie’s Letter to any who are interested.
ParticipantJesus, the dollar is getting absolutely SLAUGHTERED in overnight trading. It’s at 76.170. Gold at $1023, silver at $17.630 (outperforming gold) with a 1.15% gain vs. .32% gain.
I think this may be it, folks. The dollar isn’t even putting up a fight.
As an aside, per Jim Willie’s Hat Trick Letter released today, his “inside sources” affirm that Wells, BofA AND JPMorgan are all teetering on the edge of bankruptcy and will explode with mind-boggling losses in the next 30-60 days. They will bring down what is left of our feeble financial system.
And that’s when the metals fireworks will really begin.
Multiple banking sources also telling him that the dollar will “disappear in 2010”, as in no longer used in foreign trade.
I’m happy to email the Willie’s Letter to any who are interested.
ParticipantJesus, the dollar is getting absolutely SLAUGHTERED in overnight trading. It’s at 76.170. Gold at $1023, silver at $17.630 (outperforming gold) with a 1.15% gain vs. .32% gain.
I think this may be it, folks. The dollar isn’t even putting up a fight.
As an aside, per Jim Willie’s Hat Trick Letter released today, his “inside sources” affirm that Wells, BofA AND JPMorgan are all teetering on the edge of bankruptcy and will explode with mind-boggling losses in the next 30-60 days. They will bring down what is left of our feeble financial system.
And that’s when the metals fireworks will really begin.
Multiple banking sources also telling him that the dollar will “disappear in 2010”, as in no longer used in foreign trade.
I’m happy to email the Willie’s Letter to any who are interested.
ParticipantJesus, the dollar is getting absolutely SLAUGHTERED in overnight trading. It’s at 76.170. Gold at $1023, silver at $17.630 (outperforming gold) with a 1.15% gain vs. .32% gain.
I think this may be it, folks. The dollar isn’t even putting up a fight.
As an aside, per Jim Willie’s Hat Trick Letter released today, his “inside sources” affirm that Wells, BofA AND JPMorgan are all teetering on the edge of bankruptcy and will explode with mind-boggling losses in the next 30-60 days. They will bring down what is left of our feeble financial system.
And that’s when the metals fireworks will really begin.
Multiple banking sources also telling him that the dollar will “disappear in 2010”, as in no longer used in foreign trade.
I’m happy to email the Willie’s Letter to any who are interested.
ParticipantJesus, the dollar is getting absolutely SLAUGHTERED in overnight trading. It’s at 76.170. Gold at $1023, silver at $17.630 (outperforming gold) with a 1.15% gain vs. .32% gain.
I think this may be it, folks. The dollar isn’t even putting up a fight.
As an aside, per Jim Willie’s Hat Trick Letter released today, his “inside sources” affirm that Wells, BofA AND JPMorgan are all teetering on the edge of bankruptcy and will explode with mind-boggling losses in the next 30-60 days. They will bring down what is left of our feeble financial system.
And that’s when the metals fireworks will really begin.
Multiple banking sources also telling him that the dollar will “disappear in 2010”, as in no longer used in foreign trade.
I’m happy to email the Willie’s Letter to any who are interested.
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