11

May

Exit Strategy for silver and gold

Posted by admin as gold silver bullion

China will up the Anti
http://www.bloomberg.com/apps/news?pid=20601080&sid=aoLApmbjN47k&refer=asia
GLD has record holdings
http://www.reuters.com/article/usDollarRpt/idUSN2154117120090422

And you don’t think it’s money?

Don’t think there will be hyperinflation? Look at this…
http://online.wsj.com/public/resources/documents/st_BANKMONEY_20081027.html

Duration : 0:4:50


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That is the point …
That is the point of money, it’s not to have lots of it! It’s to buy something with it.

when not if silver …
when not if silver goes to 500 dollars per ounce believe me you would not want to sell it. Because that that dollar price it means we, as a country are in HUGE trouble and everyone one knows it. You want to trade your silver for something concrete like land, or other commodity and that is when you silver will be soooo valuable. Why? Because it would probably be the only money, along with gold people would trust.

I really like your …
I really like your videos - logical and to the point.

You have to follow …
You have to follow the train of thought here. If there’s no formal exchanges it means banks won’t be able to manipulate the price of silver/gold. Their true value will be unleashed after years of being held back. Its easier to plan for the worst then scale back if it doesnt happen; but, its alot harder to ramp up when you’ve underweighed your risk & have to cover. Start holding bullion asap! If everything turns our ok, then you’ll have amazing collection still worth its weight in silver/gold.

Exchange paper for …
Exchange paper for comodities while it still does not take a backpack full of paper for a handful of real money

No, Just telling …
No, Just telling people how I feel, if it makes sense then do if not then don’t.

My point of the message is not to get robbed by government after you have worked for your money.

You sounds like you …
You sounds like you r a preacher now…

Start reading if …
Start reading if you are losing faith, there is so much to learn.
I will send you some videos but reading it works better, at least for me it does.

I am heavy silver …
I am heavy silver but am losing faith. The silver market is so small but largely significant that big bank money will always control them. Same with the gold market.

misterkel10 says May 11th, 2009 at 4:08 pm

It’s not illegal to …
It’s not illegal to take other currencies. It’s that you have no legal recourse under civil law if you take payment other than the official currency.

Contest is still …
Contest is still running until the end of May

Sure get some but …
Sure get some but it’s not a monetary metal.

andrewebisu says May 11th, 2009 at 4:08 pm

Hey DaVinci,

Hey DaVinci,
Thanks for all your great work. Just want to know what you think of buying platinum. I know silver and gold are the way to go but I remember we talked about platinum in Nov 08. Wish I had got some as it was so low then. Now dipping again. Do you still have any interest in it as a short to medium term play since it is so low?

dontblamethemessenge says May 11th, 2009 at 4:08 pm

inflation has been …
inflation has been the plan from day one of the collapse plan.
The bill always has to be paid by the civilians after the banks and the politicians profited from this whole mess. I do not need any graph or analysis of the markets. I just know point A is the start, point Z is the end. A is the boom period, and Z is inflation.
By the way, i am curious about who is the final winner of the contest of physical silver.

it annoys me …
it annoys me greatly when some idiot at the Federal Reserve talks about the need for promoting inflation. By doing so, they steal from people who have sacrified to save their money.

Most of such people have been away from real work for too long. Their job consists of fiddiling around with interest rates and giving worthless speaches while destroying the fruits of other people’s labor through bullsh*t policies.

jeffcaldwell2 says May 11th, 2009 at 4:08 pm

Hell of a great …
of a great video.

If the government …
If the government tells you that you can’t grow food is it right should you listen to them?
Check out…
HR875 S425 Criminalize Organic Farming

At what point do you stop obeying laws meant to oppress you?

When they come to get you to put into a concentration camp? I’m sorry it’s too late then.

Diamonds are …
Diamonds are glittery semi-precious stones worth on a small fraction they are cleverly marketed for.

Yes, gold and …
Yes, gold and silver are manipulated but there is still far more freedom then diamonds whose mines are mostly owned or the output controlled by largely one outflt, DeBeers.

DontTread0nMe1776 says May 11th, 2009 at 4:08 pm

No trees are harmed …
No trees are harmed in the printing of “Federal” Reserve Notes, they are actually fabric more like your blue jeans. Seems like a waste of cotton though! :)

DontTread0nMe1776 says May 11th, 2009 at 4:08 pm

Actually silver …
Actually silver kills all single celled organisms including viruses, bacteria, and fungus, so it just might help in a flu pandemic. The old saying “born with a silver spoon in their mouth” may have originated with babies that were fed with a silver spoon (the wealthy) were better able to avoid the plague.

GoldSilver588 says May 11th, 2009 at 4:08 pm

Though gold/silver …
Though gold/silver is money, they’re not legal tender, or even when some coins are, the face value is way under what worth itself. The problem is if they can’t be used as legal tender, you can’t just walk into a store and buy stuff with your PM bars. In fact, it’s illegal to use any other forms of ‘money’ rather than the ‘fiat money’ issued by goverment.

So PM is not going to be easy to trade, unless we’re in a really really bad situation.

The Gold market is …
The Gold market is not a free market either. Most of the gold in this planet is owned by a few very wealthy banking families who control the price of gold and trade billions of dollars worth of gold every single day.

kenandjasha says May 11th, 2009 at 4:08 pm

When will it is the …
When will it is the million dollar question. It could be the end of this year, could be the end of next year, could be 5 years? Buy now is all you can do because the big push will come.

who are those ” …
who are those “individuals” that paid $1,000,000 for a condo in Florida? Why didn’t the those “individuals” wait until it dropped to buy?

Answer: mania buying.

Also keep in mind gold was $35 an ounce and the same question was posed when people said it would go to $500, yet when it was $850 you saw line ups at coin shops of people SELLING!

How did the coin shops do that? Answer futures market.

I explain that in this video the market is the centralized point for buyers and price setting.

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