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

Excellent analysis and guidance from David McAlvany:


http://www.youtube.com/watch?v=2uWrU...layer_embedded

Is it time to buy?

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Originally Posted by vacuum

Is it time to buy?

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I bought SLV and GLD. Don't hang me yet folks...it was digits in my IRA and roth IRA.

I don't have the cash on hand to buy physical now unfortunately. Go SLV!!

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Originally Posted by Hitcher

I bought SLV and GLD. Don't hang me yet folks...it was digits in my IRA and roth IRA.

I don't have the cash on hand to buy physical now unfortunately. Go SLV!!

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For what it is I think this is as good a time as any to get on board.

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Originally Posted by Cebu_4_2

For what it is I think this is as good a time as any to get on board.

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I don't know what else to do with my IRA and Roth IRA.

Seems like SLV and GLD right now might be the best gamble. I know the IRA's can go poof, and be taken, it's all gambling in this market. Heck, Cyprus showed us any money in the bank is gambling, we inherit the risk, of the bank, just by having our money in the account.

What a scam. If I put my money in the bank, at a .05 interest rate, how is it fair I share the risk of the banks bad decisions? I should instead buy bank stock, and at least get some return on that investment.

Folks should not have bank accounts, they should own bank stocks instead. At least, the greedy bonus they chase can increase the stock price a little.

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Originally Posted by mamboni

Good interview - Rick Rule is very wise and has an iron investment back.

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Note the following... about Rick Rule...
1) He does not believe in any manipulation or conspiracy. The world is normal according to Rick.
2) Gold and Silver price take-down is a non-event. Despite Merrill-Lynch selling over 400 Tons and others adding to the sale in the space of only a few hours, we know who did it!
3) AT THE 8 MINUTE MARK NOTICE THE MASSIVE FREUDIAN SLIP!!!
4) Notice how smug and how he is constantly smirking, he's actually laughing at gold and silver investors.
5) Rick has a long track history of "predictions" that are all wrong! But in this video he claims NOT to make predictions when he always does! In this video LINK, he claims that gold will bounce.
See HERE and read the comments below like... "Rudy S 3 months ago Rick Rule has had so many BNN Top Picks become dogs, it's not even funny. I trust this guys opinion as far as I can throw him." and " thesheeeet 1 month ago google stockchase rick rule expert and look at his picks picked over a number of years. I don't see where you come up with your conclusion."

Funny at the same time, a "charitable foundation" of Eric Sprott sells off Silver too.

Haha, people are now realising TPTB in charge mean business and this includes in gold and silver markets. They've been wondering if it was a set up and now it's dawning on them what they are up against. I think people really believed that they could win against them so easily...

Even David Morgan's latest Propaganda piece "co-incidentally" coincided with the price take-down.

Is the price an opportunity? I hope so.

Linky

???

Quote:

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Originally Posted by Hitcher

I bought SLV and GLD. Don't hang me yet folks...it was digits in my IRA and roth IRA.

I don't have the cash on hand to buy physical now unfortunately. Go SLV!!

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Sell SLV and GLD and convert to CEF. The former are tools being used by the bankers to short the metals and crash gold and silver. SLV and GLD are metals slush funds for the manipulators. If you have to hold paper (and I do), then buy CEF. It is fully backed by physical gold and silver bullion and the trust is held in Canada. Paul Craig Roberts has mentioned CEF repeatedly though was careful never to specifically recommend it. You must read between the lines.

Posted April 15th, 2013 by Jim Sinclair & filed under General Editorial.


My Dear Extended Family,

I deeply appreciate the many kind emails today.

I have no doubt that gold will perform to the levels we have anticipated. The action in this market has been the product of two firms that act as gold banks selling paper in amounts that exceed any imaginable long position. The means of the sales have been vicious and clearly intended to depress the price.

Personally, I am horrified that markets are in the hands of such people, but more so that I did not fully appreciate how disorderly they would act in markets that now have no rules for the Banksters. For this I offer my heartfelt apology.

You and your financial affairs are precious to me. I feel your pain. Your positions, and mine are on the same side.

There is no doubt whatsoever that gold will perform exactly as we expect now to enrich the Banksters, just as it occurred in the 1970s bull market.


Sincerely,
Jim

April 15 is Tax day.

The top lives off the yield from the bottom.

The top does all the buying and selling...The bottom follows along and speculates.

The master elploys the slaves to supply all teh power to the top wholesale...teh top then marks it up and sells it to the bottom retail.

the difference between the wholesale cost and the retail price is the tax the master lives off of.

The yield...the Profit...the Interest...etc.

Usury.

Or taking more than you give.

The top grows richer in power by taking more power than they give from the bottom while the bottom grows poorer in power by giving more power than they take from the top.

If the growth rate is 5% and you tax away 4%...that leaves 1% numbers are green.

but if the growth rate is 3% and you tax 4%...that leaves -1% numbers are red.

red numbers on tax day means taxes have gone up significantly.

Remember cyprus?

That was a tax operation...in the blink of an eye taxes by the top were raised to the point that people's hopes and dream's for the future were blown out like a candle.

Quote:

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Originally Posted by Jewboo

Note the following... about Rick Rule...
1) He does not believe in any manipulation or conspiracy. The world is normal according to Rick.
2) Gold and Silver price take-down is a non-event. Despite Merrill-Lynch selling over 400 Tons and others adding to the sale in the space of only a few hours, we know who did it!
3) AT THE 8 MINUTE MARK NOTICE THE MASSIVE FREUDIAN SLIP!!!
4) Notice how smug and how he is constantly smirking, he's actually laughing at gold and silver investors.
5) Rick has a long track history of "predictions" that are all wrong! But in this video he claims NOT to make predictions when he always does! In this video LINK, he claims that gold will bounce.
See HERE and read the comments below like... "Rudy S 3 months ago Rick Rule has had so many BNN Top Picks become dogs, it's not even funny. I trust this guys opinion as far as I can throw him." and " thesheeeet 1 month ago google stockchase rick rule expert and look at his picks picked over a number of years. I don't see where you come up with your conclusion."

Funny at the same time, a "charitable foundation" of Eric Sprott sells off Silver too.

Haha, people are now realising TPTB in charge mean business and this includes in gold and silver markets. They've been wondering if it was a set up and now it's dawning on them what they are up against. I think people really believed that they could win against them so easily...

Even David Morgan's latest Propaganda piece "co-incidentally" coincided with the price take-down.

Is the price an opportunity? I hope so.

Linky

???

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What "MASSIVE" Freudian slip?

So gold and silver are a scam? Fine. I'll buy your premise for the moment. SO, what is your alternative?