RawDog sells most of his Gold/Silver in expectation for giant Gold/Silver crash

[Shami-Amourae]

Just know I post these videos not since I agree with them completely, but since I believe in looking to contrary opinions about things. You should always know what others who disagree with you are thinking. I agree with RawDog somewhat on this, that there could be a giant Gold/Silver crash, which is why I've been getting a lot of credit cards lately. I only disagree in him selling a large chunk of his holdings in anticipation of something that may not come to pass, it seems to risky to me.



http://www.youtube.com/watch?v=OTYKoRjt8RA

http://www.youtube.com/watch?v=R1cnNy1hQWc

[osoab]

I picked up a bit of generic Ag today. 34 per ounce.

[mamboni]

He's gambling, pure and simple, which completely undermines the primary strengths of physical gold and silver which are wealth preservation and financial security. The fewer speculators in the metals the better.

[osoab]

He's gambling, pure and simple, which completely undermines the primary strengths of physical gold and silver which are wealth preservation and financial security. The fewer speculators in the metals the better.


What were his numbers? Bought Ag in Dec at 28 and sold at 34, I don't remember his gold numbers? With the hassle of shipping and transferring money, he is not up a lot unless he is moving major ounces. I am doubtful he is dumping major ounces.

Either way, he expects hard core deflation.
Hmmm, People, countries, and grandmothers run to king dollar? Oil sub 35 frns too?

He also seems to thing that sub 10 frn silver will mean one could buy at sub 10 frn's. I don't think many dealers will be parting with the silver they bought at 35 for sub 10.

[Shami-Amourae]

Well I think the BIG DROP is very possible. My strategy is getting as many credit cards read in case that happens. It doesn't hurt doing that. Much less risk that way in my view.

[ximmy]

the dow is in a bubble... 13170.19

When they burst it and fleece the sheeple we might see a drop in metals but you will not be able to buy it below a certain dollar amount. Dealers will not sell and those that are holding will not sell knowing the dollar is collapsing. The other side of the collapse is inflation.. and metals will skyrocket...

TPTB already have this figured out and hoard the metal themselves.

[osoab]

Raw Dog must not listen to Hubert Moolman

A Massive Spike In The Price of Silver Is Imminent (http://www.silverbearcafe.com/private/03.12/spike.html)

[osoab]

Well I think the BIG DROP is very possible. My strategy is getting as many credit cards read in case that happens. It doesn't hurt doing that. Much less risk that way in my view.


Make sure you have an out to run away with the booty with no trace.

[Horn]

He should wear a bow tie & work for the Federal Reserve...


http://www.youtube.com/watch?v=W773ZPJhcVw

[mamboni]

What were his numbers? Bought Ag in Dec at 28 and sold at 34, I don't remember his gold numbers? With the hassle of shipping and transferring money, he is not up a lot unless he is moving major ounces. I am doubtful he is dumping major ounces.

Either way, he expects hard core deflation.
Hmmm, People, countries, and grandmothers run to king dollar? Oil sub 35 frns too?

He also seems to thing that sub 10 frn silver will mean one could buy at sub 10 frn's. I don't think many dealers will be parting with the silver they bought at 35 for sub 10.

He is wrong on so many levels. I will elaborate on a few:

1. The FED cannot permit any meaningful deflation to occur, at least not in paper assets held by the large banks. This is becuase the financial system is so heavily leveraged that deflation would set in motion a domino of defaults and ignite CDS payouts. This would quickly implode. Sure, the paper price of silver and gold might drop quite a bit. It will mean nothing as two things will happen

a. physical bullion will be bought up by sovereigns (China, Russia, Arab Oil Magnates and India) until a default occurs'
b. physical gold and silver will simply not be for sale to private investors - it is held firmly in strong hands

The paper prices of gold and silver are slowly disconnecting from the physical bullion prices. The Ango-American Gold and Silver cartel (COMEX/London) are slowly being bled dry of their bullion and inventories are at the lowest levels in history. Everytime the shorts raid the gold and silver market to depress the prices to profit the commercials, the soveriegns waiting in the wings are quick to buy up more physical bullion. The evil cartel is slowly losing control of the gold and silver markets. Jim Willie posits that they can last only 24-36 months at best.

2. This guy is measuring his wealth in fiat dollars. This is a tragic blunder on his part. At this historic end of the great credit cycle and impending implosion of the fiat money system (via hyperinflationary collapse) people in the know measure their wealth in ounces of gold and kilos of silver, physical bullion only.

[LuckyStrike]

I hope silver goes to 1000 tomorrow so this fat annoying prick will hang himself.

[Shami-Amourae]

You guys don't like me posting his videos, huh?

[LuckyStrike]

You guys don't like me posting his videos, huh?

Like I said the first time you pointed him out, I think he is one of the top 5 most annoying people I have ever seen. I'd rather run an icepick through my ears than listen to him.

[Plastic]

You guys don't like me posting his videos, huh?


I like raw dog even though I make fun of his looks, "he would have been great in the hills have eyes movies"...
Lucky is right though as to him having an annoying voice. However, I would'nt wish him any harm as it tends to piss off karma.

My personal feelings is that he has made a terrible mistake. Sure the price of paper metals may tank, but he won't find a single ounce of physical to replace his previous stash. Poor bastard is gonna get stuck holding a fistfull of green shit... I mean paper.

Mamboni said it best, the fewer people like raw dog in metals the better. PMs are not for speculating, they are for preserving financial wealth.

I'd also like to add rebuilding after the vampires have finished sucking the rest of the planet dry.

[Shami-Amourae]

The main thing I got out of this is he thinks Gold/Silver will crash so much he's willing to put his physical where his mouth is. Just a heads up, you know.

And don't worry, he'll delete his YouTube channel in a couple more weeks anyways. He always does. ;D

[Audry1977]

èíôîðìàòèâíåíüêî, íî íå ãëàìóðíåíüêî. Ñïàñèáî, ÷òî òàê âñå è âûëîæèëè - ïîïàëî êî ìíå â çàêëàäêè :)

[solid]

I agree with audry. Great post!

[SLV^GLD]

I suggest catching this knife the whole way down at a rate of $5 face 90% US Coinage per week.

[madfranks]

This guy is measuring his wealth in fiat dollars. This is a tragic blunder on his part. At this historic end of the great credit cycle and impending implosion of the fiat money system (via hyperinflationary collapse) people in the know measure their wealth in ounces of gold and kilos of silver, physical bullion only.

Pure and simple, this is a concept that the majority of people "investing" in gold/silver just don't grasp. They are looking to increase their supply of paper FRNs, believing that FRNs are money and gold/silver merely one way among many to increase your holdings of FRN. Totally backwards.

[gunDriller]

I agree with RawDog somewhat on this, that there could be a giant Gold/Silver crash, which is why I've been getting a lot of credit cards lately.

me too, sort of. just sniffing around.

Chase has a Visa card with 0% interest for 15 months - then it goes to 12% or 16% or 20%, depending.


i also started doing some calculations to determine the total cost per ounce delivered, including financing.


i applied for one credit line, and told the branch manager to wait for a large Amex bill from a road trip to clear. Ditz didn't wait, i got turned down - my credit rating is 780. Decline letter said i had "too much credit outstanding". DUH !

rule learned - do not trust the judgment of any bank employee ... shame on me for doing so.


also learned - the underwriters that banks use have different methods.

some will set up a conference call with you and the credit card company to sort through the details.

more commonly, the bank will rely on a third party, usually one of the "Big 3". their records are updated once a month, usually about the time of your credit card billing cycle (old cycle ends, new month begins). then it can take about a week for the info to get to the credit card company.

DYDD'ing to coordinate the timing of those details can make a difference.


reminds me of that old saying, "who's a bigger fool, the fool or the fool who follows him".

[Twisted Titan]

I agree......

The wealth of The Newly minted elite will be measured in ounces not dollars or digital instruments

[Neuro]

I think we have already hit bottom @ $26. If it goes below $30, buy with both hands... China will take major long positions, below $30. India just abolished it's import duty on physical silver, while it upped it on gold. Some of the $46 B Indian purchasing of gold will be transferred to it's current $4B buying of silver. I wouldn't be surprised if $15 B of silver was bought into India this year. That's 300 million oz's assuming an estimated average price of $50, which is what, 40% of current annual production? Fundamentals really does not support a great drop in PM price. The advance in the DOW has been while PM's have dropped. Future decline in DOW could very well mean increase in metals...

[LuckyStrike]

I think we have already hit bottom @ $26. If it goes below $30, buy with both hands... China will take major long positions, below $30. India just abolished it's import duty on physical silver, while it upped it on gold. Some of the $46 B Indian purchasing of gold will be transferred to it's current $4B buying of silver. I wouldn't be surprised if $15 B of silver was bought into India this year. That's 300 million oz's assuming an estimated average price of $50, which is what, 40% of current annual production? Fundamentals really does not support a great drop in PM price. The advance in the DOW has been while PM's have dropped. Future decline in DOW could very well mean increase in metals...

Those are my thoughts as well, I think silver is a good buy at these prices and the case becomes all the more compelling the lower it gets. It seems like the mid 20's has such huge physical demand coming in that it just overwhelms the paper shorts and for fear of running the comex dry they ease up.

But the bottom line with rawdog apparently is that he has precious metals for different reasons than we do. To me there are only two longterm options for how this scenario plays out

1) The US continues to inflate the money supply, this may happen slowly and the credit unwinding provides enough deflationary pressure where inflation stays where it is now +-10%, in which case our metals will go up in terms of dollars roughly the same amount every year or it may get out of hand the dollar loses reserve currency status and we see very high or hyper inflation in which case we will all be trillionaires. Either way at some point we should be able to trade out of PM's and buy other things like land, houses a yacht whatever.

2) The countries of the world have a giant debt jubilee where all of the debt public and private is totally done away with in which case the printing presses would stop and I would imagine PM prices would decline sharply.

My opinion is that PM's are an obviously good place to be in scenario 1) and in scenario 2) I would be so happy I don't care what the price of PM's is.

[Neuro]

My prediction is a giant debt jubilee via hyperinflation. Hold on to your PM's, and trade your house loan for your pre 64 dime!

[Plastic]

My prediction is a giant debt jubilee via hyperinflation. Hold on to your PM's, and trade your house loan for your pre 64 dime!

Singular, not plural, I love it. Almost makes me wish I had a mortgage on this falling down rubbish heap I live in...