they/SDBullion have $1.99 over spot buffalo rounds, a good deal. I bought some today, did my share.
with more educated and connected public compared to 1931 time, the crooks have no way to cheat all the public any more. Germany's gold, gone. U of Texas gold, paper. Fort Knox or Fort jox, BOE gold, need queen's show time, Dutch ANB bank gold, deliver by cash, how many more jokes can they continue to fool around before everyone has gold or silver at hand except themselves ? what else can they do ? another FDR rescue? Give it a try, Texas is tried of those DC and NY monkeys and is discussing to defend the local economy with it's own gold/silver now, go make cowboys more exited.
I guessed pog will be at least $40K, cause $2K is just the starting lukewarm point without any public participation. Last time it jumped from like $40 to $800, this time, with global participation, at least the 20 times history will repeat. JS seemed to think the same way. of course he knows more inside stories. when he said "The central banks have most of their gold under lease", I think that stmt has lots of weight, and that means the show really just started. JMT.
JIM SINCLAIR: US WILL BE CYPRUSS’D & GOLD HEADED TO $50,000/OZ! HERE’S WHY…
Legendary gold trader Jim Sinclair shocked the precious metals community Friday by publicly stating that the US will be Cypruss’d, the current take-down in gold & silver is a last-ditch can kicking attempt by the bullion banking cartel, as that as a result of the coming derivatives collapse banking system bail-in, physical gold is headed to $50,000/oz!
Today, Sinclair updated CIGA’s on the fundamentals behind his $50k gold prediction:
From Jim Sinclair:
I have a huge number of emails all asking why $50,000 gold. The answer is that the bullion market is in the process of emancipation of the gold price from the fractional paper gold system. The actualization of the real price of gold will be its emancipation from the prison of paper gold. The emancipation will occur because there is no gold whatsoever behind the deluge of paper we have just witnessed.
The central banks have most of their gold under lease. That gold was leased by gold banks and then sold for cash. That cash has been dispersed.
There are no funds to re-buy the gold that the leases call for upon maturity. The central banks cannot lease out any more gold. The entire fractional gold paper scam sits upon gold leases that are exploding right now.
The attempt to hide reality by the can kick of pummeling the gold market with paper is going to fail miserably.
Every time you buy one gold coin you consume more physical. It is the physical market that is going to emancipate gold. Gold then will be free to react to not only the debt due to foreigners, but all debt.
The real gold show is only starting. For a great deal of what the Free-Golders think, they are right.
Is the end-game of the paper manipulated futures markets being played out in front of our eyes?
The man who predicted gold would achieve $1650/oz in 2011 over a decade prior to the event sure seems to think so.
Imagine the potential for silver
imho, if you don't have eagles, buy some, cause ase is one of the most popular silver bullion, then you may want to buy some other known rounds, much cheaper and reasonable price, such as sunshine, jm, buffalo, maples, etc. ase at 29@provident is a good deal, you may want to pay some caution to less known cheap online dealers, such as goldmart, many customers have delivery problems with them. Good luck !
Exactly. In this bluntly rigged market, what is point of the wasting money optimizing PEA and deepening the shaft when a workable plan and a fund are already in place? cash and goods are the king, proven in Cyprus ! If 610 level can make 200K oz gold/yr, or $150M ebita, go for it, no more naive ambitions when 400 tons phantom gold can hit the market in 2 hrs. I doubt Mike as a techie knows this kind of stuff going on.
silver schme is part of PM schme, PM scheme is part of money scheme, money scheme is part of financial oppression, and financial oppression is in sync with political oppression that both have been going well for 100 yrs since 1913.
To break this oppression, silver is the Achilles' heel. silver's free market requires major public awakening and action, which will be the first major milestone. After that, POG will be freed soon. I believe this time silver will be freed first unlike in 1979, when the majority of public were still naive. JMT.
I am a fellow PM investor just like you, learning/helping each other here, in the path seeking personal wealth and liberty protection. After about one year in PM market, then I learned from others that the big picture is larger than the mining industry, and it impacts the industry, including ruby and other fishes in the pool, that is why sometimes I pasted good macro PM situation info here for sharing.
It seems you mainly just focus on PM stocks and you may want to start to look at the big picture starting from Harvey Organ's blog, which is good daily summary of what is going on, then you may want to visit silver docotor's web site, which gives the latest development at the silver dealer front, cause one site founder owns a online PM shop and lots of smart guys chat there. zerohedge is a daily read too. mainstream has only lies and stupidity. In a while you will figure out how all points are connected and you may refine your PM strategy.
Good luck !
another SD viewer's comments, making sense. It is hard to believe history is in the making in front of our eyes, but who are prepared to see other similar historical event like Fed has no gold to return to Germany, US mint half month vacation, Cyprus long long bank holidays, etc .
April 16, 2013 at 3:08 AM
Okay y’all this is what the roux looks like in my stir-pan. What I saw was no ‘garden-variety ‘correction’, it looks to me that what played out, was the final COMEX Crash. They’re cooked like ‘blackend red fish’.
For ten years we’ve seen steadily increasing accumulation of gold and silver by greater numbers of holders, recalcitrant against overtures toward trading for ‘profit’. In the recent five years, we’ve watched that trend intensify with populist campaigns like ‘Buy Silver, Kill JPM’ and ‘Silver Bullet, Silver Shield’ gain broad global notariety; to say nothing of the relatively new ‘physical funds’ storing vast amounts of metal for wealthy folks seeking protection from invisible theft of currency inflation (grand theft in their ilk).
Most recently, State mints around the world have been experiencing interspersed, but gradually more frequent supply ‘disruptions’ to blatant outages. In the past year that’s spread to affect wholesalers and very recently even local coin shops. This ‘tightening’ has. all the while, been accompanied by reports of larger and larger withdrawals of metal from bullion banks by private ‘players’ and Countries.
So, I don’t have to be a Dr. John or Marie Laveau to see what’s spelled out in these renderings … COMEX is facing immediate default on delivery demands and will likely announce a switch to 100% banknote ‘settlement’ in the near future (as has been done secretly already and openly in Europe), because NO ONE IS SELLING AT … ANY … QUOTE, … THEY HAVE NO METALS TO DELIVER AT … ANY … QUOTE.
(to be continued)
this gives one theory of the Kamikaze style naked shorts attacks in PM market, which now led to $7 premium on ASE as one result. It will be funny to see US mint announce the new official premium on ASE is $5 for dealers, if they can still open for another one week.
Last week Barrick Resources announced the postponement of their giant Pascua Lama mine. This was to be one of the worlds largest mines and is now tied up in litigation over true ownership ...
“Last Wednesday” was also an important day for the Kennecott copper mine in Utah, the ground started to shift more rapidly prior to this weekend’s landslide.
Last Thursday president Obama met with 15 heads of the biggest banks and brokers in the country, THIS was discussed as sure as the Sun came up this morning: we have hit the bottom of the barrel! Reserves that could be fed into the market are and have dried up at the same time that production has dropped and future production delayed. The paper game is blowing up …RIGHT NOW and the topic of discussion at the White House was about “how it would play out”.
The COMEX will default in the next week or several weeks and people will be “settled” with Dollars, no more metal will be delivered!
So, knowing that “game over” has arrived, they are dumping a massive volume of paper contracts with impunity to push the metals prices as low as possible before the “default”. This way the “shorts” do not have to and will not be “covered” when “supply” cannot be obtained because of “an act of God”. They will be settled in cash (at a profit no less) because these “unforeseen” disruptions in supply.
What is happening right now is very clear to me, what I don’t understand is how anyone could miss this as it has all been laid out for you and dropped in your e-box to see (for years now), understand and prepare for. Life, all of life as we knew it is about to change forever. Hopefully you understood this and have already prepared for it!
Regards, Bill H.
tulving is out of ASE monster boxes, tulving and many other dealers are selling 90% with $2.49 premium, while many other general 999 silver bars, are sold with less than $1 premium. why ? 90% dime is about 1/10 oz, which has real value of 1 days of family living cost, and it is more convenient to barter if dollar collapses. I think this is a good sign that more middle class are seriously preparing for the post dollar time. ASE is the most recognized medium size real money, worth 10 days of family cost, or $1000 of current purchase power, so it becomes a most popular one too.
many "experts" on KWN didn't notice this significant turning point in the PM and liberty war, I guess maybe most of them are gold players, thus they are inside the box. I agree with many SD readers, that SD is at the most fore front of this NA spring. the next a few months will be very exciting. the last 4 mths in 2012 has proven if us mint sold 10M oz silver in 3 reguar mths other than Jan, us mint will be belly up. in 2013, feb and mar have sold close to 7M oz silver and apr has a stronger start. in at most 1 mth, us mint will be on vacation
The US Mint has updated April sales statistics for the first time since last week, and to no surprise, the Mint again reported more massive sales, with another 833,000 silver eagles reported sold Monday! The April total through 6 business days is now 1.645 million ounces, bringing the 2013 total to a massive 15.868 million ounces.
In response to the continued massive demand for silver eagles, the mint also has begun rationing sales of silver eagles to primary dealers resulting in supply delays!
Just as was seen in January, tight physical supplies have seen premiums on ASE’s skyrocketing over the weekend and throughout the day, as ASE’s are rapidly becoming as scarce as 90%!
*Update: wholesale suppliers have increased premiums nearly $1 since yesterday, while the shortage has tightened, and wholesalers now on 4-6 week delays for shipments of ASE’s!
Check out Tulving’s site, with all the ”sold out” silver product. SilverDocs continues to be the best most relevant and focused, hottest off the presses silver site there is. Turd, Bro John, and the rest can duke it out for second.
I agree. why silver is important ? why JS always keeps distance from silver ?
silver is poor man's gold and gold is king's money. the root cause of all problems in developed world is an incomplete liberty, forced by financial oligarch with their pets, political oligarch, such as only 2 parties choice in this great nation for more than 100 sheet years. only after a major portion of middle class wake up and rise up, taking silver to protect their wealth rights and liberty rights, a real solution can be found.
I take JS is representing one group of oligarch, who are #$%$ off by the unlimited greedy paper money, but JS and company are still in king's loop, so they just want to use gold to remedy the problem without overthrowing the status quo. That is just his wishful thinking.
(to be continued)
the drawing is on the wall, from the mouth of the middle man who can predict gold price $1500 in 5 yrs when gold was $300, and who was the real middle man between Hunt bro's, who were forced to give up delivery contracts with his cash line frozen by fed, and fed who plays all those comex future #$%$ and creating an owning billion dollars at a key stroke sheet. it will be totally naive to believe JS is a gold fairy other than realizing he is playing the middleman, or PR speaker, or a safety valve for the gold/money/power masters from a different angle. the 16 trillion debt and the loss of US productivity, and outbalance of wealth and international power, need a social reset soon. the reset can be as wild as Cyprus, that is why the masters are bankrupting Cyprus with the safety restraints, such as some mafia money giving them some legal/moral covering and a 10M small population, as the guinea pig, to learn how to manipulate bigger guinea pigs in near future.
deposits and ira are the first targets, Cyprus gov is doing that right now, JS is warning Americans right now. US debt is 16 trillioin, the private retirement fund is also 16 trillion. A good match. I guess why JS doing so is to let some middle class to escape, so the future trauma can be less, thus the resistence can be less. Also, it serves as a PR strategy, preparing the public to go thru the typical shock - denial - numb -accept cancer cycle.
whatever SHTF plan someone has, the first strategy is to preserve some capital, preserve some essentials to survive, then take the next step. Of cause, anyone can wish and should fight for the best, but the wise prepares for the worst. JMT.
predators take easy prey first. Take Cyprus as a live case study, bank deposits and pension funds are the first targets gov has grabbed now. No solution is 100% risk proof. Do something preventive is better than nothing. JMT.
(this is from the middle man between Hunt brothers and fed in 1980, a warning shot imo)
...1) Cyprus was a major mistake by the IMF. This was meant to shift the onus from debt monetization to the depositors. This means you should move your money out of the banking system and into something else like gold. He also said if Cypus was successful it would have caused the Dow to plummet down to as low as 1000 points because it would be a shift away from QE. QE would be second.
2) IRA timing question. Sinclair: “you have 2-3 years.” Says stop contributing. Get out. Doesn’t have to be right away. You have 2-3 years.
3) FDIC can’t meet its obligations. It could handle one or two bank failures but it cant handle a systemic crisis.
4) Mining production good to start now. 5 years ago(later, a typo ???) maybe not so good.
in case someone is not following JS very closely,
Feb 07, 2013
From Jim Sinclair:
The pressure on gold is not permanent in any sense. This decline is, as I have told you, similar to the series of declines just before gold took off in the 70s from $400 to $887.50. Those declines then were for the purpose of the last great shake of the gold apple tree prior to the move that gained the most distance over the least amount of time.
My birthday is March 27th. By that time this decline in gold will be old history. This decline is purely to take your positions away from you, certainly in shares which today trade at historic discounts to their assets.
60% of PM interested don't really understand why PM and what is money, as I see from this report. Generations who have never been though tough times are weak and naive. JMT
US search traffic for gold price is approximately 40% of levels seen in 2011
US google searches for silver price languishing at 40% of level seen in early 2011
Meanwhile, 10 Year China Gold Price Search Trend reveals Chinese searches for gold price are at an all time high for the entire bull market