It ain’t over till it’s over!
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Big Al,
I agree with you. We do have a long ways to go for this bull market to play out. I think we have about five to seven more years before the hard currency trend in both physical bullion and miners starts to reach it’s apex.
My bigger question is when we get to the end and it’s time to relinquish our PM’s and transition to the new investment paradigm of the next era.
Will our govt allow us to keep the fruits of our wise moves or will they politicize gold and silver ownership and relegate us advocates and owners of those metals as common traitors.
Very serious question and one that should not be taken lightly as we navigate the dangerous waters ahead.
Respectfully
V
Hi Vortex,
I like cash. In my town, the paper notes are becoming very worn and old. I complain and say it is a discrace that the paper currency should be in this shape.
The banks say they have no control of the notes in circulation. I make a request to my bank to get me new uncirculated $1.00 and $2.00 and $10.00 and $20.00 notes.
$10,000. worth. Bank says it will try.. A few weeks go by and I get a phone call and the bank has my notes. Stacking quality anything, is what I do and I am not a traitor. Quality is the key. Best
p.s.
Stacking .999 silver and gold bullion and quality equity shares is what Congressman Ron Paul does. I am in good company.
Big Al, KS and all:
Yep! Be strong…..stay calm……….be long……or be wrong!
All the best,
Happy 4th to the good folks out there in Al’s website forum.
Marc
Yes KS,
The bills in circulation are of low quality and very worn. In this deleveraging environment cash, bullion, bullets, beans, bourbon whiskey and a get-a-way bag are all good to have.
Don’t laugh: boxes of Mac N Cheese. Not necessarily to eat yourself, but to trade (kids love it). Generators are pretty cheap now too…look for the highest wattage you think you’d need versus the run time. A 5Kw gen that runs only 6 hours on 2 gallons may not be as useful as a 1.8Kw gen that runs 12 hours on 1 gallon.
Yes John I agree completely. Don’t forget the top of the line invertor’s are the gold standard as far as reliable cost effective power sources, even better than a basic generator.
I can get you freshly printed federal reserve notes. Just need to drop into a Canadian bank. Easy.
Stacking tins of beans, is better than fiat, at least they hold their value. haha
You have wisdom, Irish Tony.
Jim Sinclair says -today-that this opera ends from 1-3 years from now.
He made the call and he has an ability to be correct like no other.
My job now is to define gold’s full valuation for you when it occurs. The timing is no less than one year from now to a maximum of three years from now. I believe I will be able to do that for you.
YES THIS IS A GREAT POST,…. AND AS SINCLAIR SAYS……THE MOST IMPORTANT MESSAGE
HE HAS POSTED……
Matt,
I agree Jim knows what he is talking about so my 5-7 years was a bit generious. Upon reflection no way this financial system last’s 5-7 more years. It’s complete toast within 2 at the outside.
I tend to agree with you Vortex. Even with can-kicking, the wet cardboard can only hold the weight so long.
Martin Armstrong comes to mind:
“The six attempts to kill gold, supported by some gold writers looking for favors from the riggers was a now failed attempt to keep gold from trading above $3500.” JS
“Even more importantly is that this fight in the $1540 gold price area was not for regaining the old high in gold.
The start, like all starts towards the old high and well above, should be slow with more unfolding drama. It will build on itself but gold will trade at and above $3500. I am now as certain of this as I was over ten years ago when I told you gold was headed for $1650. I knew that as fact and to me from $248 gold was trading at $1650.” js
Vortex, this government will not allow gold to remain outside of its control . Their plan is to use gold in their transition to a new world accepted currency and don’t plan to have it in gold bugs hands.
Larry, I agree,
It’s going to be a high-wire act as we get near the end. When to sell or transfer to another asset class.
Mark my words………………CJ Roberts is not an enemy.
A happy 4th to all…………..
people need to think in terms of percentage not price. for investors who have been in this bull market right from the start you don’t need the last 20% of it. when gold was $1900 a 20% move higher would have put it at $2280, which is what many analyists have as a price range. so if it gets back to $1900 I am not making the same mistake out, thats the time to cash out and transition to farmland.
James,
I am wondering where you are going to purchase this land, just curious because I have no experience in farmland.
Bobby
Good farmland in the midwest has been $3000 per acre since the 80’s, or higher…
large tracks…., this would be for soy and corn…..I have not priced any for the last
10 years or sold any in the last 10 years…
.
Maybe , cfs, could chime in…since he is a farmer,land owner, maybe
he can tell us what the market is for good farm land…..
Any body else have any current prices…..for 100 acre tracks….in other parts of the country….Thanks…..OOTB
James,
I don’t have a problem with your thesis, but I do think that you may be leaving a lot of potential gains on the table which in retrospect would buy much more land if the trend is allowed to meet its natural equilibrium.
Anyway, good luck and best wishes with you land purchase.
V
Have you guys seen the Barkerville 43-101 of 10 million ozs with the potential of 90 million ozs gold??? Is this a Bre-X type fiasco? Seems to good to be true.
It is all in the grade,Danny.
Hopefully this embeds…Elliot Spitzer doing an interview re LIBOR rate fixing. It’s hard to so if this is a “quicksand” issue or not, but it’s interesting. (If this post doesn’t work, I’ll repost as a simple link…here goes:)
OK, didn’t work. Here’s the link. Worth 9 min of your time I think.
http://www.youtube.com/watch?feature=player_embedded&v=0oV2mI0IYp8#!
Quite simple from my perspective: Deflationary Scenario: One oz. of Gold buys the DOW at $3,500-5,000. Inflationary Scenario: 1) Wealth finds a way to maintain its value. 2) Gold price is determined by the amount of M3 in the atmosphere. Gold north of $10,000. Take your pick based on your outlook. Either way you win.
Jed,
You are spot on – IMHO. Many of the ways this is sliced and diced PM’s come out a big winner. Continues to amaze me…..that that is not MAINSTREAM THINKING!
All the best,
Marc
Sounds like you are whistling “DIXIE”….or … is that ” GOD BLESS AMERICA”
History buffs…..Gettysburg….July 3rd…the changing of America….
(for all my southern friends)…..BEST…..OOTB…..