Has the collapse begun? Is paper gold selling in a panic to buy physical?

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Originally Posted by Atocha

Buy Low, sell high. With all the countries and banks buying tons of gold, I would not be surprised if the price is being squashed so more gold can be bought for less dollars/euros. Hold what you got and buy more if you can.

Time is working against the American Dollar as is with all currencies. It is only a matter of time before another adjustment comes but in higher gold and silver prices.

I remember what the Ex-Fed Chairman Greenspan said. Something like, "I can print all the dollars you want but I can't guarantee they will buy anything. I take this also to mean. I can print all the dollars you want but I can not guarantee you will be able to buy gold or silver with it.

Everyone is rushing into the dollar from euros and such. I have a friend in Argentina that immediately converts his Argentinian money into dollars...or gold.

They want people to panic sell. Then big money comes in and buys everything up...and then boom...Price moves higher.

I am somewhat flabbergasted that the law of supply and demand is not affecting metal prices as they should in a supply and demand market.

The metals market is deliberately being squashed. It won't last for long.

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Yes, your words ring of truth. But why punish the monkey (silver) and let the organ grinder go (gold)?

http://www.zerohedge.com/sites/defau...osbuying_0.jpg

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Originally Posted by Twisted Titan

I fully agree with your assement.

I just find myself day dreaming about a large sum of "money" like that and how quickly i could make it dissapear on useful goods

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I wish I could help you make dreams become reality. It would be a fun adventure.

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Originally Posted by Uncle Salty

When gold and silver stop bidding for dollars, the paper price crashes and then the paper markets crash and then the price and value become one. We are almost there.

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I think the other way around.... the paper price skyrockets. There won't be enough worthless paper for an ounce of gold. You are right in your viewpoint- but are gold & silver really bidding for dollars or is it the money managers pretending they are? Since there is no physical metal to tie to the bids, I think the game is all fake at this point. They will convey so many tons of metals to keep up appearances, but they are keen to buy off demand with excess paper profits when supplies are showing too lean.

gold VIX at record levels (pre-lehman),
something huge has broken


seriously

http://www.zerohedge.com/news/2013-0...nverted-lehman

Things we KNOW : powerful forces are working in concert with the enemies of freedom to make it APPEAR that pm's are suddenly worth LESS than they were a few days ago. and, even they are unable to do this with actually buying or selling actual pm's so, just like the newsmedia they shuffle paper,print lies, and watch the sheep panic in their little pens. I am not panicing not selling not changing my plan of converting worthless paper to eternally valuable silver.

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Originally Posted by mamboni

Yes, your words ring of truth. But why punish the monkey (silver) and let the organ grinder go (gold)?

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That is the million dollar question. Things do not make sense sometimes. Perhaps the powers that be do not want people to be independent. In fact I know they don't.

Gold, Silver, Beans and Bullets. I have seen what they have done to the ammo supply, I see what they are doing to gold and silver. Will food be next?

Water eventually finds its level. There is to much sloshing right now.

Instead of confiscation, which is hard to do, make the people panic and they themselves will sell it. I am not going to panic.

Damn the torpedoes...Full steam ahead.

Agree! From what I understand, it is not necessarily that Gold or Silver is worth less BUT the dollar is stronger or weaker.

With the deficit in the TRILLIONS or maybe QUADRILLIONS, a sane person can not tell me that the pieces of paper backed by the American Taxpayer are worth more than a tangible item. The American Taxpayer is quickly becoming extinct. They are just moving digits on spreadsheet columns making the appearance that gold and silver has no value. It is a lie.

so maybe they are getting rid of all their short positions, to let the metals run, about a week ago Sinclair said there was a shift in the market


they would need 1 final plow down to unwind all those positions,

Jim Willie explains it all:

http://www.youtube.com/watch?v=c5rZl...layer_embedded