More on your question, Tokyo Bill
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Gold has the potential to provide financial security for holders. We offer opinion regarding effective ways to accomplish that.
nobody is going to steal it………..tell everyone it is Yard art…….
OOTB,,,,,,,,,,,,,,,CCF ! Nice ! https://www.youtube.com/watch?v=y_X7X-L3n0E
funny………I love that ………….
Funny OOTB.
AL ! A TON is Beautiful thing to look at ! https://www.youtube.com/watch?v=6zSjZicNBLw
And ! ( the real Pharaohs of Gold ! The swisyse ! https://www.youtube.com/watch?v=jQkJl_I–Vc
The Swiss ????? https://www.youtube.com/watch?v=hgQNP4O6Z4E&nohtml5=False
jonnalin – I was just discussing last month the Swiss control of the banking system, and how it was set up, why they are always neutral, and why the gold smelters are there in the first place. I agree that the Swiss are the “real Pharaohs of Gold” as you mentioned.
Day never stop!
Less than a cubic yard ( 320 x 100 oz bars) under the right circumstances really isn’t a lot of space, say if you have property in a rural area. But in today’s terms, that is $500,000+
Eric King was espousing to have 2 tons in the 2005 timeframe.
And the monopolisation off THE USA CONTINUES ! https://www.youtube.com/watch?v=4Cm4D1xLE9c
RICKARDS MADE it over to usawatchdog today…..another great interview.
M1……$10,000 oz…….M2 ….$50,000 oz…(this is what Sinclair was saying)
I think Greg and James have the same barber Don’t you ? OOTB,,,,,,,,CFF ?
FUNNY…………good barbers are hard to find…….James might be in for a transplant.
Maybe TRUMP , could recommend a good barber, and a stylist……..
Who needs a barber or stylist when you can have this???
JUST ATTACH it to the sweeper…….make sure the suction is turned to low….or you will look like owl on a bad day……….
Trump: Gold Better Than Cash; Puts His Money Where His Mouth Is
In a deal that defies currently accepted norms, Donald Trump has rented out the 50th floor of the Trump Building at 40 Wall Street to American Precious Metals Exchange (APMEX) and has allowed the company to pay the security deposit in gold.
Trump agreed to accept three 32-ounce bars of gold in lieu of the cash security deposit. As of this writing, gold was trading at $1227.40 per ounce, making the 96 ounces of gold that Trump is holding worth $117,830.40. That should be more than sufficient to cover the security deposit for the 10-year rental.
we can say that , because owl stopped reading the comments…….. 🙂
TRUMP is going to faux it on the toilets…..for the next great flush…….
Thanks much guys.
Hi guys – just listened to yesterday’s tape 2X, and today’s another 2X. So much good information – thank you!
I’m a very practical guy. If banks stay open, then trading ETF’s and closed end funds works fine. If they bust or have bail ins etc, that’s my fear, with no solution for me yet.
Al, I’ll write another letter to you – I 1st want to let all this information settle in me so I don’t waste anyone’s time.
2 things I’m OK to share publicly here on this blog are:
1) about safes in Japan, I’m not surprised. Cash is king here. On day 1 of the announcement I pulled 20% out, but theft is very very rare here, and as I’m 6’2″ and a 240 lbs powerlifter, I don’t think anyone’s going to come in here and mess w/me. 😉
2) about bitgold etc., I too like James Turk, but I used to be a 3rd level mgr at a major WW software company, and I am well aware of how easy it is to hack into almost anything. Behind bitgold and other things like that are computers, and that’s their Archilles heel. Even Bangladesh just had $100M stolen from them, and their money was at the Fed – all per Jim Rickards. So anything behind a computer is NOT safe, in my opinion. Just me.
So there are 2 risks that bother me: 1) financial institutions, and 2) the internet.
You left off a 3rd risk….. a Leprechaun named IrishTony. Be vigilant!
The last thing I’ll say here (sorry for the many posts!) is that, I’m now thinking about physical gold because the days of trading stuff like GDX are coming to an end, I fear. I now won’t trade more than 10% of our assets, because I fear a reset, as many like Rick Ackerman fear. It’s time to own one’s home, own some gold, and get right with God, in my opinion.
In reverse order…………… 🙂
You never own your home, …real estate taxes can kill ownership
Great point about not really owning your home or land. I say that to people all the time. “If you want to find out who owns your land, quit paying your property tax, and you’ll find out very quickly who really owns it.”
exactly….EX…….
So true. We are all renters to the vary end. So said one on my elderly neighbors on a pension who could not make the nut to pay the city tax. House in a great neighborhood where she had lived all her life but her CPP was just insufficient and she had no other savings. Why? Because the house was her security blanket. That was it….just a house. So she made ends meet by renting rooms to students but lost all her privacy in the process. Whatever works eh?
I think to have a large portion of your PMs in your personal possession is bad idea. I think it’s dangerous. I keep a reasonable amount in the home, but have built a tiered strategy of storage for SAFE keeping. The order of storage is:
1) Some stored at home for immediate use
2) A larger portion stored in a safety deposit box
3) An even larger portion stored in vaults in the US and over seas.
It’s too easy for you or your wife to accidentally let it slip you have $50,000 worth of silver or other PMs ensconced in your home thus putting your life or God forbid, your wife’s life in danger.
You may lose the PMs in your home. You may lose the PMS in your bank, but you won’t lose all of it at one fell swoop.
Diversification…………nothing wrong with that. Other suggestion…… Keep a five gallon jug filled with quarters at the front door, the thieves will get a hernia, if they try to lift and take off with the haul……
First it was Tulving, then Bullion Direct, and now Northwest Territorial Mint. Anybody who buys gold from a dealer needs to be very careful. Otherwise, you’ll end up as a creditor to a bankrupt company without your gold.
http://www.seattletimes.com/business/nw-territorial-mint-seeks-bankruptcy-protection/
As Rickards suggest………..When the time comes , those who do not have gold, may not get the gold.
Looks like gold might be a buy right now….on its way up to the 1270 region minimum.
Annnnnnndddd….half an hour later gold is up better than 10 bucks. Thank you folks.
Oops….meant to write hour, not half hour.
UP $17……….
UP $21 kitco………….
Cool. 1270 here we come. The market broke today and gold took off like a Jackrabbit. Seems that we are not going to get a runaway stock market after all because this puppy is going down. Dow seems to be leading technically. Something to watch.
Agreed that the stock market has not been running away. It is looking weak, and Chartster made a great point on another blog about watching JNK as a leading indicator, because it has been pulling back before the markets do, and it just started to break down. By next both Junk Bonds and the general markets could be significantly lower. Things are getting exciting in April.
JUNK………is JUNK…………. 🙂
Chartster……….added some great info………
Fo sho – Chartster covers some interesting areas of the market and I always enjoy his posts.
1307 needed, at a min. before excitement begins……….
Agreed. As mentioned previously, I’d also like to see a definitive close above $1321.50, the early 2013 plunge that started the last 3 years of sideways to down consolidation. A break above both those levels would generate party hats and the bubbly for many watching the gold sector.
That sounds reasonable…………1325 range…….and hold
Remember this KER show title?
WHY I BELIEVE THE BOTTOM WAS IN FOR GOLD AT THE $1321 LEVEL.
AL’S INSIGHTS – SUN 19 MAY, 2013
I post it to remind investors of how significant that level was when gold streaked down to it on a shock and awe campaign in 2013. Dragonite reminded me about it recently, and after taking another look, I agree that it is a significant level to take out.
On the chart below – note the record VOLUME spike when Gold went down to $1321.50
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=4&mn=0&dy=0&id=p19651040725
If Rick is going to call $1307.80 the Matterhorn Peak (which I love BTW), then I think we should call $1321.50 “The Head of the Snake”. Take that out on a closing basis and the snake (Bear market) dies.
You and Rick could combine the two and call it………Horn- Snake Peak a Pooh..(Pooh bear)..that way all the young kids would like it and we could have the market grow up.
Find closing above the legendary “Horn-Snake Peak a Pooh…Bear”, is when Gold definitely closes above $1307.80 and $1321.50.
Then we can have a fiesta!!
ole’
You guys know my opinion already but the monster uncorrected rise in even the senior golds (among other things) tells me that the bottom is in. The start of the bull market 15 years ago took twice as long to deliver the same gains.
I don’t many here believed that the miners could double while the dollar remained in the high 90s.
A break out of the fork will unleash the beast:
A test of the 382 Fib fan support is all the miners needed.
It is interesting that the 50 day MA is following the 50% Fib fan line almost perfectly.
We were discussing the spot metal prices more so than the miners. I believe the miners probably have bottomed, but I’d like to see Gold validate it has bottomed to feel more confident about that. If Gold was to slide back and test the Dec lows, then some of the miners may have a rough time.
I realize that and the miners are telling me that the metal has bottomed. Yes, the miners would probably pull back sharply if gold retests its low but a large part of the reason would be that they have gone up so much.
If the HUI gave back 50% of its gains, it would still be up more than 40% from its low. However, based on the action, the HUI could add another 80 points before finally correcting. If that happens, a big correction might end at the current level.
It is a major sign of strength that the HUI came within 1% of its March high today even though gold is still almost $50 away from its March high.
Might this mark a double top for the HUI and a H&S top for gold? Possibly, but it sure doesn’t feel that way.
Here’s GLD. Notice the stop-run and immediate reversal this morning.
I would agree with Matthew…on the bottom……..I think the fund managers are now moving in, or at least the deep pocket smart money.
I remember what RULE SAID……….PHYZ, MAJORS,JUNIORS ,COMPANY specific …..in that order.
AND …….HUI….covers the majors.
GREAT points……….from both you guys……………
Good REMINDER…….
Melt the entire ton into… ONE BIG BLOCK,…… AND PUT IT ON YOUR LAWN….