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Gold and silver Crash ?
First let me say, I am not an expert, or even that knoledgable, and this opinion could be completely off track. but for the last couple of hours I have been doing some research and an old surley name (my opinion) keeps cropping up. " Hedge funds". I mentioned in another post that it takes billions to manipulate the silver market and trillions to manipulate the Gold market. Guess where those trillions are found, yep Hedge funds. Hedge funds are a highly unregulated wall street invention that allows wall street Banksters to gamble billions at a time on very speculative investments at a cost of 5% of the total buy they can use a few billion to control a trillion dollars in gold or, do you remember the term Dirivitaves. Dirivitaves were the real estate mortgages that they knew were less then worthless that crashed the U.S economy.
I mentioned in another post that the possable drop in PMs could be because the small time average invester has run out of discresionary cash. This, according to my research this morning is exactly what happened. Gold has gotton so high, and the economy so bad that Mr and Mrs America middle class, no longer can afford to invest. There for the Banksters no longer are reciving the cash to support their margin calls on their gold and silver holdings, its panic time on wall street, they are dumping huge holdings in Gold and some prifit taking on silver. This could be the real estate bubble part 2. Dont know.
Remember that if the world currency crashes the only things worth holding will be Silver , Gold, hard trade goods, and what ever talent you have of value to others. That said picture this you have both gold and silver in one oz rounds or ingots, and a roll of silver (pre 65) dimes. you need food or fuel or what ever. lets say a loaf of bread or a gallon of fuel, what would then be most value to you, a silver dime, ($5) a silver ingot ($30 to $50) or an oz of Gold ($1200 to $2000).
I believe china, India, and middle eastern oil rich will jump all over this gold and silver market as soon as they think it hit bottom. Silver will recover much faster then gold % wise. just my .02
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And where do you think all the 401K and other retirement funds are?
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they went into those same hedge funds and then into the pockets of the familys of those who really run this world. in early september 2001, the pentagon discover a trillion dollars missing the y couldnt find and still havent. In 2007 or 8 dont remember which the U.S. treasury discovered 2 trillion missing, still havent found that either. the incidents are real and well documented.
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Sounds familiar....I was talking to a guy from the post office the other day and he said that the reason they are in trouble is because they are overpaying on the pension fund I think??? They are supposedly paying in x amount of money each year and it is way too much and Congress can't just give it back for some insane reason. Congress supposedly has to pass some act to be able to refund any of the money and thus far they have not done so.
How in the world does 2 trillion come up missing and no one notice?????? I know if $10 is missing from my wallet (usually in my wife's purse lol) and these jokers are letting 2 trillion go missing and claim that they didn't know?!?!
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I look at it this way. If the market crashes to the point you need silver to buy gas for your truck. Bullets will be worth more then gold. He who has gold silver and food and no gun to protect it is just a temporary holder of said property till someone with a gun comes along. Im going to go order another 1000 rounds for my AK47 right now.
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Yes in the end it will be Guns Ammo and food! And mind!