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TechGnosis
8th May 2008, 22:45
"The opportunities given today in gold & silver will be written about for another few years. The prices offered in early 2008 will be seen as tremendous bargains. Price bargains were last seen in August 2007, in September 2006, and in mid-2005. The breakout of gold past the elusive 700 mark foretold the rally not just to 1000 but to 2000 and higher. It unleashed a new era. Ditto for silver, which rose past the elusive 15.50 level. Doing so foretold a rally not just to 20 but to 50. Give it time. Things are unraveling. Systems are broken. Solutions are nowhere. All efforts have an inflation stench to them. Desperation has entered central banker offices.

The gold price has found support off the 200-day moving average in classic form. The triple leg correction off the 1020 high is also a classic long-term pattern. It guarantees a firm foundation for the assault on 1000 with stable success. Note how the 1000 mark was eclipsed, but from a base around 650 to 670. The next base will be 850 or so. The silver price movement and patterns are similar. However, silver is heading to the heavens in price, joining its platinum brother and palladium cousin. Gold will be stuck fighting political wars, but making strong gains. The gold/silver ratio will show pronounced improvement in favor of silver in the next two to three years. Silver is in default on a nearly global basis. COMEX delivery of silver is interfered with. Silver coin dealers have almost nothing to sell. Even the US Mint has halted production of silver eagles! So silver price has declined amidst profound shortages? The stage is set for huge up legs in the silver price. Gold will rise in concert."



THe Full MONTY: http://www.marketoracle.co.uk/Article4617.html

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"If you do not have a position in precious metals and their related shares, which are now currently at bargain-basement prices, by the time this occurs, you will miss out on one of the largest run-ups in these assets of all time."

"Despite the best efforts of the elitists, however, the suspended animation of the US economy that now hangs by a thread based on little more than the cartel's mirage-like affectations may very well be compromised prior to November, so do not waste any time taking a position in precious metals on the assumption that gold and silver might go lower."

"If you don't own gold, silver and/or their related assets, we suggest that your last investment be the purchase of a pancake flipper so that by your surviving relatives can remove and separate your body from the flattened vestiges of our economy."

FULL MONTY: http://www.theinternationalforecaster.com/item.php?topicId=2&articleid=247

TechGnosis
8th May 2008, 23:13
"This myth about buying and holding equities ties in with the second myth, that you should borrow more money so you can pay the loan back with worthless future dollars. That plan works great until you have no money left because you have lost your job or inflation has raised the price of necessities beyond what your ever-decreasing paycheck can purchase. Unemployment is already over 14% (not the bogus official 5.1% we get from the Bureau of Lying (Labor) Statistics) and is heading for 35% and beyond as we all get to do a reenactment of the Great Depression in the very near future. So getting deeper in hock at this point is essentially a future guaranty of a trip to bankruptcy court when gold, silver and commodities could have had you rolling in dough instead. Why would you borrow money to buy a depreciating assets like real estate, autos or general stock equities when you can buy appreciating assets like precious metals and certain types of commodities like oil, food and base metals. If you are going to borrow money, at least have the good sense to use most of it to invest in assets which will retain their value with the potential for tremendous increases, although we do not recommend use of leverage due to the risk inherent in margin plays. Also, interest on debt service erodes what you have left to pay for necessities, assuming you are one of the lucky ones who stays employed during the upcoming economic catastrophe. Wall street is trying to hype you into borrowing money to buy general stocks so they can get out and leave you holding the bag. Do not listen to these miscreants.
Gold and silver are consolidating nicely now and are preparing for a huge move up. All the fundamentals are in place. Large specs should be using all PPT rally candy to de-leverage with proceeds stored for an assault on physical gold and silver as well as their related stocks, especially the small caps where potential leverage is now in many cases higher than is even available in futures. Do not enter the casino until you own it. Do not play their game - MAKE YOUR OWN GAME! We were very encouraged to hear one of our subscribers say that he will be using the futures markets to make cash purchases of silver by paying for his purchases in full and not by using margins. The same can be done with gold. Finally someone who gets it! This is one of the cheapest and best ways to buy physical bullion without getting soaked by unscrupulous dealers most of whom are out of product now anyway. Also, stealth physical purchases could expose the cartel's soft underbelly - the lack of gold and silver in deliverable form. Come on people. It's time for a gold and silver induced bank holiday once again. As a bonus, failure to deliver in the commodities market means the seller forfeits all its assets to you!"


FULL MONTY: http://www.theinternationalforecaster.com/item.php?articleid=241

Trvlr45
13th May 2008, 01:20
If you are going to borrow money, at least have the good sense to use most of it to invest in assets which will retain their value with the potential for tremendous increases, although we do not recommend use of leverage due to the risk inherent in margin plays.

TechGnosis,

I do believe you are right. My "guesstimate" would be that right now well over 75% of my Visa balance is in silver. and I only have one Visa card. Since I don't like debt in any form I have quit buying for a while to pay that down. I'm not the big buyer as many on this site are but you're right, if you're gonna owe, owe for something that will go up. I just figure that if you owe money, whatever you have saved, or stored in silver isn't what you really have until you are debt free. So, for the time being, I'm paying of the debt. Then, what I have stashed is really what I have.

waynetheking
13th May 2008, 07:46
i borrowed 10,000 to buy a monster box of egales in early april. it's 0 percent for one year and cost me 90 dollars for a transaction fee. my local coin store had a 2007 box. silver was 17.23 at the time and i bought this box at 10 k.

Before i did this i got on this forum and was advised NOT to borrow money to purchase silver. silver is showing support in the 16 to 17 range. i have not lost any money so far. my balance on the loan is down to 9000 as of this writing.

True not all jobs are secure. but im self-empolyed and have been for 15 years now.

i'll get this loan payed back by march 2009 and have a 2007 monster box in my safe. I hope silver is at 23 to 25 by then. if so, i would have made a good investment!!....any replys are welecome!!

SilverWhore
13th May 2008, 11:29
I'm still confused as to how exactly the gold/silver holdings would be very liquid during a depression. If everyone is dirt poor practically, then who buys your PM's for their actual value during this time? Did regular stores accept gold and silver during the first depression or did holders sell for a huge pile of paper to then spend? I'm just lost as to how your PM's will honestly be worth as much in a depression as the market price indicates and how do you go about using it to buy neccesities during such a time etc. Anyone know about this? Maybe know about how it all worked in the first depression?

Skid
13th May 2008, 12:08
Before i did this i got on this forum and was advised NOT to borrow money to purchase silver. silver is showing support in the 16 to 17 range. i have not lost any money so far. my balance on the loan is down to 9000 as of this writing.

True not all jobs are secure. but im self-empolyed and have been for 15 years now.

i'll get this loan payed back by march 2009 and have a 2007 monster box in my safe. I hope silver is at 23 to 25 by then. if so, i would have made a good investment!!....any replys are welecome!!


I'd say you made a pretty safe bet, Wayne

nuslvrkwen
13th May 2008, 13:54
WayneTheKing - I'm GLAD you DIDN'T listen to those of us who would not have borrowed to invest. You have showed us all that just because someone thinks they know what they are doing for their future - they may be blinded by trying to avoid problems. And miss opportunity! I don't know what to think about all the commodities (land/food/fresh water) speculation that's going on right now. But you've got to collect your own just in case it turns out to be something that forstalls the inevitable.

I'm thinking the coin dealers and refiners are going to become the 'new banks'. Once inflation takes a huge bite out of just buying groceries and gasoline. The dealers and refiners will be able to take metals and be able to 'pay out' in metal up or down and other commodities like food. Sort of an intermediate period that could be reality say next year.

Look at what happened today. Back in March when silver hit its' high - the news Wall Street had liquidity made the need to buy silver as a hedge not so popular. So the price 'corrected'. It's happened 3 times since. Dispite Wall Street being able to print its' way to 'liquidity'. Today gold futures were down and spot lost over $14.10 an ounce and silver lost .32 cents an ounce. The stock market has been down for 3 days and there's NO INVESTORS? interested in buying PM? Clearly LIKE someone or something is keeping the price down so the traders in this country can BUY! But the traders in this country don't have cash to BUY? Is THAT what are we all seeing? Cause if the market is so big and has so much money the traders in this country should be buying not just SELLING.

Looking at my own situation - I'm wanting to buy more silver but happy I HAVE what I have. And I got in when I got in. It's better having what I consider to be a 'little amount' compared to worrrying about the current and upcoming situations with out it. Knowing I can do something about food shortages and water rationing - Oakland will be doing that this summer - for myself. Seeing what I'm seeing in the market place and knowing I have cash flow I can count on shows me which way to go. I am extremely proud that I am basically debt free. That's an asset in itself! I can store food, water, batteries. Have to for earthquakes anyway!

waynetheking
13th May 2008, 21:14
For all your support! It does take some risk taking. and a lot of hope to hedge a 10k bet on pm's. but guess what, i would rather take that bet here than say, oil, wheat, soy, gold....shall i go on?..the fundamentals are ripe for this "indispensible metal" to spike in the next 5 years. i think just the cost of mining it will make it spike..ie..diesel fuel to extract..makes this a sure bet in the long and short term invesment. i guess my fear is these EFT knuckleheads that can and will F*#@K the market up. hey if i knew what they did perhaps i would do the same thing. But i don't. i'm a small time working truck driver that happens to own a couple of rigs and employes 3 other people. im buying this metal for the LONG HAUL!!...i want to see a avg. of 10% a year. that will balance my portfolio with the stocks that i have. am i asking to much??...i dont think so. im not gonna ditch the stock market like some some others here. but i will continue to make sure SILVER is a least 10 to 15 percent of my holdings. and lets face it. it comes to more than that cause the tax base!!...lets keep our chin up, 21 an oz will return!!

DaveK
13th May 2008, 21:24
lets keep our chin up, 21 an oz will return!!

I sure as heck hope so, I bought at 20.98/oz!

hiyosilver
14th May 2008, 01:45
I sure as heck hope so, I bought at 20.98/oz!

Spot at $16.68? Today was a pretty good day to buy, Dave...but let's face it, when it hits $150 it's not going to make a helluva lot of difference...

DaveK
14th May 2008, 09:32
Spot at $16.68? Today was a pretty good day to buy, Dave...but let's face it, when it hits $150 it's not going to make a helluva lot of difference...

No, I mean I bought on Mar 7th, when spot was about $20.25ish. I Paid about 70 or so over spot on 60 oz (a third of which I sold as paper at cost to friends).

Even if I sold the lot of it now I wouldn't loose many oz-worth, I just feel silly having bought at the top of a big spike :rolleyes:

But yeah, I agree, a few bucks here or there aren't going to amount to much when the time comes.

TechGnosis
15th May 2008, 23:05
I'm still confused as to how exactly the gold/silver holdings would be very liquid during a depression. If everyone is dirt poor practically, then who buys your PM's for their actual value during this time? Did regular stores accept gold and silver during the first depression or did holders sell for a huge pile of paper to then spend? I'm just lost as to how your PM's will honestly be worth as much in a depression as the market price indicates and how do you go about using it to buy neccesities during such a time etc. Anyone know about this? Maybe know about how it all worked in the first depression?

I hope somebody answers this question. I've been wondering about it myself. One imagines sawing little slices off ones ingots to take to the vegetable co-op in some dystopian future bazaar, where an enterprising fellow has set up a gold/silver testing stall...

Gino
16th May 2008, 04:13
I hope somebody answers this question. I've been wondering about it myself. One imagines sawing little slices off ones ingots to take to the vegetable co-op in some dystopian future bazaar, where an enterprising fellow has set up a gold/silver testing stall...

I'm sure it wouldn't take long for Goldsmiths & Silversmiths to materialise who would turn your bullion into whatever kind of coin you wanted. Heck, at the right margin, I might come over and do it for you. Of course, by that time fuel will be so expensive that international travel will be out of the question and I will be speaking fluent Chinese.

Keeping to topic, "We're all freaking doomed" - The Mogambo Guru