Goldis dropping like a rock silver down below $30.00

[old steel]

Must mean the big board is up, no?

[Norweger]

Probably manipulated that way because some parasites are buying up big time before some event us common folk don't know about.

[Horn]

Must mean the big board is up, no?

4261

[old steel]

I dunno i'm going to check other commodity prices and see if there is a pattern.

Nope it's just gold and some spill over to silver.

[Horn]

http://www.youtube.com/watch?v=0A5t5_O8hdA

[StreetsOfGold]

Is it buying time? Don't forget to visit your favorite dealer

[joboo]

4261

LOL...is that a tube of glue?

One of the funnier pics I've seen in a while. ;)

[Neuro]

Quite a swing day aye

[Serpo]

Are Most Americans Utterly Blind About Gold? Yes.

Written by Gary North on January 4, 2013






Gold was under $300 an ounce in 2001. It is now over $1650. Still, the vast majority of Americans have never even seen a gold coin, even though they are produced by the U.S. Mint, and have been for 30 years.

I run a website, Gary North’s Specific Answers. This was posted on one of my forums yesterday.


One obsessed so badly about gold that he had to stop monitoring gold and his account due to his blood pressure (which was spiking over 200/120), and he is a retired professional person who has visited many gold websites for some years, subscribed to the Aden Report, and gets Russell’s Dow Theory Letters with nightly updates. He’s just petrified his retirement will be worthless, yet felt OK holding 6-figures in Starbucks and Microsoft shares.

Psychologically, because the $1 or a $100 bill has a number printed on it, they are 100% trustworthy in many peoples’ minds.

An aunt (who has been afraid to own gold since I introduced her to it in 2001 (except for 2 Maple Leafs she bought for $400 ea from me years ago I think to shut me up, and gave to her grand-kids last year when worth $1800 ea), says “But a dollar is still worth a dollar, and always will be.” I’ve tried to explain a “dollar” isn’t really defined (with paper money), but I can make no headway because she has always referenced everything to dollars in her head.

With gold, she’s afraid it could become worthless (remember, everything is valued in dollars), and of course, the 1oz coins have “50 Dollars” stamped on them, so she can’t understand how they could possibly be worth $1700 if they are only worth $50.

Many people are jut not “wired” to understand relative, floating values, I suspect.

It’s enough to give one a headache.

What will change this? Nothing. They cannot believe that fiat money is not reliable, for that would mean that the U.S. government and the Federal Reserve System are not reliable. That would undermine their faith in their real god: the state.

They cannot conceive of the fact that they live under the tender mercies of a lying, cheating, grasping, envious, thieving god. Gold has exposed this god for what it really is for 11 years. They are panic-stricken by gold’s message. They would rather forfeit enormous capital appreciation than admit to themselves what the state is.

If the state cheats, the Federal Reserve may inflate away their retirement dreams. They do not want to think about this.

To buy gold coins is to admit that the state is ready to cheat them out of their dreams. To buy gold coins is to admit that a great default may be coming.

They will learn the painful truth some day. But will they learn the economic lesson, that the state should not be trusted with control over money? Probably not.


Read more: http://teapartyeconomist.com/2013/01/04/are-most-americans-utterly-blind-about-gold-yes/#ixzz2H2glny2S

[chad]

in the end, i suppose fools such as the aunt in this story are good for me.

[mick silver]

maybe we can get back to the good old days when we could buy $10 oz silver and $300 oz gold . since paper is better theys days

[joboo]

There's lots of time. I'm seeing tons of people that have regressed beyond their initial point of alertness.

It's some kind of a defense mechanism bubble...when the pin finds it....dunno.