With 1 of the top mines petering out as production has plummeted and is slated to close in 2-4 years this ought to speed up the process:)
When the ore body is already not bearing enough to pay for its self how long b4 they close it down like many others did last year and early this year that still had years of life left?
Yes but how are they going to get the ounce when the shortfall from this year will be in the 200+ million ounce range?
I think we are way past 1000-1 as billions are shorted and sold every day when less than 800 million is mined each year:)
You better go to the gld board and see how these two scams were set up!
They had a good discussion about it a few months back and it told how and who and where it was set up and who put up the money and why it wasn't set up in America!
Wake up but know this IT IS A SCAM!
Do you remember the 4$ price in 2000?
What about gold at 280's?
Silver went to almost 50 and gold over 1900!
The next time it will go past 100 and gold over 3000!
Watch and learn sport!
How about gold going up 2300% in less than 10 years in the 1970-1980 time period!
What if that happened in the next 10 years what would the prices be eh?
Yep but 100 would not surprise me as the 200+ million ounce deficit this year will somehow have to be made up or there will be none for anyone!
A billion ounces have left the shelves in less than 10 years and it is accelerating!
Mines take years to get going and they don't have years!
Now China is getting involved so you do the math!
They have trillions (BRICS) of our worthless fiat and the comex and cme can be wiped out rather quickly!Stay tuned!
Yes history supports it!
Germany had the same thing happen!
Take a look at the gov gdp and the financial sector gdp compared to Germany's back in the day!
You have mostly paper assets so you will be hurt the worst!
If the dollar dies like I think it might sooner than I previously thought all your assets in dollars will be worthless!
Not bashing just telling you how it worked in Germany and Mexico in the 70's!
There are others but none as bad as those 2!
So if say the dollar does a 10 for 1 split or 10 dollars is only worth a dollar how will your investments have paid off?
Geez since 2000 it takes 3 dollars to make what 1 dollar was worth in 2000!
History is not on your side!Neither is math!
Hey ottoduber take another toke off your pipe and wake up!
China will take away the comex and cme's ability to operate!
They have trillions of our dollars and if they so choose can take this farce the Comex and CME call a market and crash the comex and cme!
Sounds like they are tired of getting the shaft!
I cant imagine 1 trillion American dollars going into gold and silver all at once when there is not even that much gold and silver in existence!
Watch and see what they do!
The fed is powerless to stop them!
Been busy just mining and other stuff:)
Fun looking at 3 ounces in a clean up machine when the first half of the carpet is solid yellow:)Makes for some real cool pictures:)
Multiple times a week make things all better if you know what I mean:)
Yep it is pretty clear!
No way out of this mess!
Got to wonder what it will be like when our reserve status goes away?
Will there be welfare or ss or medicare or any social programs at all?
Sept 30 2013-sept1 2014 16.6 trillion now 17.7 which to me is more than a 500 billion deficit increase!
Oh well I guess they will spin the election to show only a 400 billion deficit for the past year as their fuzzy math takes over!
Silver will never go under 18 let alone 8!
Watch and see what happens when silver shows a deficit of over 200 million ounces:)
I could send them to you if you want to look at what I am doing in my spare time:)
Pretty cool stuff to say the least!
Let me know but will be gone for close to a week and will have more at that time:)
It can never happen and it will never happen!
Struggle to come up with enough production at present and they are just trying to squeeze the last bit out of it that they can!
It only hurts them in the end!
Sure wont hurt us:)100 and 5000 is the goal:)
Ideal the lower the price goes the lower production goes and the better it will be for us!
It takes mines years to come on line so it means years to make up lost production!
Silver usage is up mine production way down and the last time the deficit hit 200+ million ounces the price more than doubled!
This time will be no different except how low will inventories go b4 this busts a new high?
They are inflating the dollar away!
If money was still worth what it was in 1980 we would be ah so screw d!
Ask some retirees about their retirement with many that are still alive are now eating dog food!
I have known some but they don't anymore!
Well gold from 1970 -1980 went up 2300% and silver was up right close!
The dow has never achieved that ever!
Silver has went up since 2000 over 400% the dow has not went up to over 20,000 yet since that same period!
Take your pick but some blue chip stocks have went bk the most notable ones is Enron and GM!
So pick your dog and which dog runs while the other bloated one lags behind:)
They are going down and also they have killed over 20,000 civilians from their shelling of their towns for over 4 months!
There are many buried and still unaccounted for!
This is why the French and some Germans are helping the freedom fighters against the terrorists in Kiev!
It was known the next day after the plane was shot down that it was Kiev that did it!
Why else would they lie about having 2 planes flying with the airliner?
Oh well the evil that is this Ukraine government set up by us will be thrown down!
Just as the Syrian terrorists(isis)has been being taken care of after we gave them weapons to kill Assad but instead are taking over everywhere in the M.E.!Everything we touch turns to ch it!
Also up almost 1 trillion since sept of last year!
Is the fed getting scared that no one will buy their worthless notes?
Oh oops its a little to late as there is nobody at present buying them but the fed!
Keep on believing there sport!
When 50 is breached you will be spewing that 40$ is going to be the upcoming low and then when 70 comes it will be 50 and when 100 comes you will be saying 70 is just around the corner as this is going to be the new pattern soon:)Watch and learn sport!
Our dollar is doomed!Got it?