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Thursday Technicals from Rick

Big Al
April 3, 2014

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25 Comments
    Apr 03, 2014 03:12 PM
      Apr 03, 2014 03:28 PM

      Slow, quick, quick, slow!

        Apr 03, 2014 03:11 PM

        that is the FOX TROTT……..or a Fred Astair after a couple of gin and tonics……

          Apr 04, 2014 04:40 AM

          Never much into ballroom dancing. Just one thing that I never got into.

      Apr 03, 2014 03:14 PM

      Rick Ackerman don’t don’t dump up ! jesus love’s you !!!!!!!!!

    Apr 03, 2014 03:19 PM

    Franky,
    Where do you get all these videos…….

    b
    Apr 03, 2014 03:25 PM

    So funny, I just listened to a Faber interview, he was asked as he is a well travelled man, “which city is the best to have fun in”
    He said” it depends on the kind of women you like”.

    On a less serious note he mentioned it is probably not a good idea to store your gold in the U.S.

      Apr 03, 2014 03:12 PM

      But what is the point of physical ownership of gold against the certitude of financial calamity if you do not store it within easy reach at the moment a crisis strikes? Marc does not make sense to me sometimes. No asset is beyond the reach of the US government anyway with their tax laws covering the global interest of all US citizens. It makes just as much sense to store it at home. The worst that happens is it gets confiscated but you get paid out in the days valuation anyway. Just put the money in something else and move on with life.

        Apr 03, 2014 03:34 PM

        I believe and buy a heck of a lot more physical silver because I think that the chance of it being used should there be a currency problem it will more likely be accepted.

        What do you think?

          Apr 03, 2014 03:55 PM

          And a lot less likely to be taken away if there really was a major financial crisis.

          Apr 03, 2014 03:27 PM

          The problem with to much physical silver, is the sheer weight and bulk .
          But, that is a good thing, if you plan on storage in or around you location.
          A thief , will have a heck of a time running with a couple of 100 oz bars, or 1000 ozs.
          A nice rolex watch is just as liquid, as any silver or gold.
          The confiscation issue , can be addressed, by simply getting some of the coins graded, claim them as antique coins…….

            Apr 03, 2014 03:18 PM

            Well of course. but $20K to $30K will last quite a while in my book.

            Apr 03, 2014 03:13 PM

            that just covers a family of four for 90 days………….

            Apr 04, 2014 04:42 AM

            Would cover this family of two for longer than that.

            Apr 03, 2014 03:45 PM

            Sadly true, Jerry. And what is nuts is that two working parents bringing in 7 to10 thousand a month total before tax still feel stressed as hell trying to keep a family afloat if they have to tough it out in one of the costlier urban environments. It sounds crazy but after the taxes and major living expenses are paid it is hard to make headway and actually save! Not that any are starving or anything. I know a lot of people in just that income bracket and life is not that special on what sounds initially like a lot of money. Not if you have kids and a mortgage anyway.

      Apr 03, 2014 03:30 PM

      How about taking possession if you live in the U.S.?

      I personally feel that personal possession is the best.

      What do you all think?

        Apr 03, 2014 03:52 PM

        Yup….take possession and forget about it. Safety deposit boxes are out though. I would never use one. You probably can’t really go wrong holding metals if your time frame is long though. Common circulation coins especially and the stuff that is easily recognized by even those who don’t collect. As long as people are people there will always be a market for it every few years as the cycle rolls around again. I can’t be bothered anymore because I have turned into that fiat guy who just finds it easier to keep up with the world by laptop investing but for anyone serious about gold you probably won’t lose much as long as you keep the premiums low and have the patience to await the moment when buyers are thick.

    Apr 03, 2014 03:52 PM

    PVG CLOSE A 66,60 TODAY ?

    Tex
    Apr 03, 2014 03:35 PM

    i wonder if this could be the black swan that kills confidence in the dollar….

    http://www.zerohedge.com/news/2014-04-03/martin-armstrong-warns-2016-constitutional-convention

    b
    Apr 03, 2014 03:04 PM

    Faber is speaking as a billionaire, he is talking about vaulting.
    Im sure the U.S. government is aware of every vault inside the U.S. and probably everywhere else too.
    Gold is generally intended to insure from the debasement of currencies. in theory.
    Silver is a completely different animal.
    Personal possession eliminates counterparty risk, using a vault would negate that.
    I would doubt very much if the government would know of an average persons gold/silver as long as he used cash to purchase.

    Silver/gold accepted during a crises would depend on the crisis I think.
    At this point, its very difficult to even buy a cup of coffee with either.

      Apr 04, 2014 04:45 AM

      How about “next to impossible” at this point. But, I am not concerned about the present and no one else should be, in my opinion, when it comes to reasons to own.