Would this not be the same as a 1909S vdb in a 68 red selling for $100k? Afterall, its replacemnt cost is 1c and there is no guarantee that it would even be accepted as being worth 1c at the grocery store...someone might consider it fake.
What kind of rigged market is it when a cent sells for 100k? Its not like they dont make more of them. One cent has virtually no utilitarian value. Talk about a blind man wearing rose colored glasses!!
Would this not be the same as a 1909S vdb in a 68 red selling for $100k? Afterall, its replacemnt cost is 1c and there is no guarantee that it would even be accepted as being worth 1c at the grocery store...someone might consider it fake.
What kind of rigged market is it when a cent sells for 100k? Its not like they dont make more of them. One cent has virtually no utilitarian value. Talk about a blind man wearing rose colored glasses!!
If I can get the FED to provide me some free money, I might just buy that 100K cent. LOL. Fortunately (for collectors) the FED hasn't set its stimulus sights on the coin market.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Would this not be the same as a 1909S vdb in a 68 red selling for $100k? Afterall, its replacemnt cost is 1c and there is no guarantee that it would even be accepted as being worth 1c at the grocery store...someone might consider it fake.
What kind of rigged market is it when a cent sells for 100k? Its not like they dont make more of them. One cent has virtually no utilitarian value. Talk about a blind man wearing rose colored glasses!!
If I can get the FED to provide me some free money, I might just buy that 100K cent. LOL. Fortunately (for collectors) the FED hasn't set its stimulus sights on the coin market.
I have wondered what might happen if something other than equities were the focus of all the Fed and Federal Gov't pumping/propping/ballooning.
Every politician in D.C. is a bought off hack for Wall Street.
I have wondered what might happen if something other than equities were the focus of all the Fed and Federal Gov't pumping/propping/ballooning.
There was a time when the focus was on real estate. Dark money (low interest rates) combined with greed (liar loans and "packaged" over rated loan products) gave us 2008. We saw how that played out.
But this time it's different.
Keep an open mind, or get financially repressed -Zoltan Pozsar
"According to reports by Syrian state news agency SANA, U.S. forces struck a deal with ISIS whereby the terrorist group would give up 50 tons of gold across eastern Syria’s Deir el-Zour province in exchange for safe passage."
I hope you don't believe this b.s. published by Assad.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@OPA said:
"According to reports by Syrian state news agency SANA, U.S. forces struck a deal with ISIS whereby the terrorist group would give up 50 tons of gold across eastern Syria’s Deir el-Zour province in exchange for safe passage."
I hope you don't believe this b.s. published by Assad.
the initial source is the Syrian Observatory for Human Rights, a UK based non political organization. But then again all news is b.s. these days, right?
Keep an open mind, or get financially repressed -Zoltan Pozsar
". . . suspended for three months at the request of the U.S. Justice Department, just as the department has arranged suspension of proceedings in the class-action anti-trust lawsuit against Deutsche Bank charging similar market manipulation."
It's becoming more obvious that the price fixing of PMs in the futures market is done with the blessing of Washington.
Keep an open mind, or get financially repressed -Zoltan Pozsar
McCain & H. Clinton had a disturbing tactic of seeing that US military weapons ended up in the hands of ISIS. I'd be interested to know how this gold transaction was negotiated, if it happened.
Q: Are You Printing Money? Bernanke: Not Literally
"China is smart enough that they are trying to keep the yuan from crashing against the dollar, but by selling the dollar they also do not want to buy euros or Japanese yen. With the chaos of BREXIT, the neutral political place is gold."
your link takes us to some sort of search for prepping for endtimes
You didn't listen to the commentary, did you? Of course, Kirby's comments aren't very kind to the big banks either, which is your main concern. Correct?
@jmski52 said: your link takes us to some sort of search for prepping for endtimes
You didn't listen to the commentary, did you? Of course, Kirby's comments aren't very kind to the big banks either, which is your main concern. Correct?
I don't know if the Mint has caught up, but I was watching a video which suggested that the Mint running out twice before year end (in the past 6 months) may indicate supply issues. Then again, the guy I was watching is pretty well embedded in the silver (sales) industry.
That's why I asked, to see if anyone has validation one way or the other.....
Q: Are You Printing Money? Bernanke: Not Literally
"Thomson Reuters’ International Financing Review (IFR) reported this past weekend that some of the biggest names on Wall Street have returned to creating and/or trading synthetic collateralized debt obligations (Synthetic CDOs). The products were a major factor in bringing the U.S. financial system to the brink of failure in 2008."
The world market is expected to increase the price of gold in 2019. The forecast is based on a noticeable increase in demand for the precious metal. This is facilitated by the unstable situation in the United States, events in North Korea and new sanctions against Iran. Economic instability in the world forces investors to avoid risks in safe assets.
re: multiemployer union bailouts - this may be a very harsh observation, but here goes. If and when these bailouts occur, it simply means that MMT is running full bore and will continue to run full bore until reaching saturation.
What this also means is that no matter what you've set aside, no matter how hard you've worked and how diligent your planning, no matter how smart you've been and how well you've diversified or hedged your savings & retirement assets - it's all transient and subject to revaluation in a big way.
This kind of crap is what diminishes everything you've worked for, and this is what directly contributes to this unsustainable debt bubble and the inevitable loss of confidence in "the system". When over half the population, the corporations, the states and the feds can't pay the interest on their debt - it really doesn't matter how much "money" gets keystroked into existence. It's all becoming transient, i.e. - a fluid and unpredictable situation.
MMT has already given the big banks free license to run loose forever with no penalties for the bad debt still on their books. MMT gives gov.com free license to stash $trillions in hidden accounts @DoD and HUD for whatever use they deem necessary without a smidgeon of oversight.
All this free stuff for the big banks and gov.com with no accountability diminishes everything you've ever done to provide for your own security & future, no matter how well you think you've done. Kinda crazy, isn't it? Seems to justify self-sufficiency and getting completely out of debt, along with mostly hard assets.
Of course, that's been my conclusion for at least the past 13 years - so what do I know?
Q: Are You Printing Money? Bernanke: Not Literally
Comments
Our friends at zero hedge are dark too?
Liberty: Parent of Science & Industry
We should call a National Emergency on this thread. Haha
Knowledge is the enemy of fear
Would this not be the same as a 1909S vdb in a 68 red selling for $100k? Afterall, its replacemnt cost is 1c and there is no guarantee that it would even be accepted as being worth 1c at the grocery store...someone might consider it fake.
What kind of rigged market is it when a cent sells for 100k? Its not like they dont make more of them. One cent has virtually no utilitarian value. Talk about a blind man wearing rose colored glasses!!
Knowledge is the enemy of fear
22,000,000,000,000 and growing, how much more can the camel bear? How does it continue, when does it end?
If I can get the FED to provide me some free money, I might just buy that 100K cent. LOL. Fortunately (for collectors) the FED hasn't set its stimulus sights on the coin market.
Keep an open mind, or get financially repressed -Zoltan Pozsar
I have wondered what might happen if something other than equities were the focus of all the Fed and Federal Gov't pumping/propping/ballooning.
Every politician in D.C. is a bought off hack for Wall Street.
There would be an Eruption, and they'd be Runnin' with the Devil , and we Ain't Talkin 'bout Love! Might as well Jump
Liberty: Parent of Science & Industry
Kind of like The Girls got Rhythm only better.
The Fed would have liked lending back then. No one can make them lend. So the money went into the markers.
There was a time when the focus was on real estate. Dark money (low interest rates) combined with greed (liar loans and "packaged" over rated loan products) gave us 2008. We saw how that played out.
But this time it's different.
Keep an open mind, or get financially repressed -Zoltan Pozsar
delete
I was thinking more like "Everybody Wants Some"
Knowledge is the enemy of fear
I'll Wait to retire in Panama until the price of gold is Unchained
Liberty: Parent of Science & Industry
Well, You really got me there.
Sometimes this forum seems like 5150
Knowledge is the enemy of fear
Seems like 1984 to me.
An Architect friend of mine once said" You know, 99% of the things I worry about never happen"
100% Positive BST transactions
The Fed is truly terrified of what’s coming.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Well, at least that newsletter is free.
Derryb, do you think the FED is "truly terrified"?
Knowledge is the enemy of fear
The next Fed rate move will be a cut in 2020.
Signed,
Big Banker
Wall Street
New York, NY
You heard it here first.
Where have all the good times gone?
Liberty: Parent of Science & Industry
I'm hot on your heels, Baley.
Watch yourself.
Here's a warning parable for coin collectors...
Indeed. I think smoe folk think this is where we are headed.
Knowledge is the enemy of fear
US Army Takes 50 Tons of Gold From Syria in Alleged Deal With ISIS
So, terrorist can buy their freedom with gold? And some here say it is not insurance. LOL
Keep an open mind, or get financially repressed -Zoltan Pozsar
"According to reports by Syrian state news agency SANA, U.S. forces struck a deal with ISIS whereby the terrorist group would give up 50 tons of gold across eastern Syria’s Deir el-Zour province in exchange for safe passage."
I hope you don't believe this b.s. published by Assad.
the initial source is the Syrian Observatory for Human Rights, a UK based non political organization. But then again all news is b.s. these days, right?
Keep an open mind, or get financially repressed -Zoltan Pozsar
the initial source is the Syrian Observatory for Human Rights, a UK based non political organization
Funny, their website does not mention any of this alleged transfer reported by Assad's newsprint.
"The claim coincides with a report by the U.K.-based Syrian Observatory of Human Rights, which said that the U.S.-backed YPG was after 40 tons of gold left behind by Daesh terrorists in Deir el-Zour."
Keep an open mind, or get financially repressed -Zoltan Pozsar
Right
Anyone with force would take 50 tonnes of gold from them, not deal for it.
unless it took a deal to locate it.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Justice Department stalls another class action in gold market rigging, this one against JPM
". . . suspended for three months at the request of the U.S. Justice Department, just as the department has arranged suspension of proceedings in the class-action anti-trust lawsuit against Deutsche Bank charging similar market manipulation."
It's becoming more obvious that the price fixing of PMs in the futures market is done with the blessing of Washington.
Keep an open mind, or get financially repressed -Zoltan Pozsar
McCain & H. Clinton had a disturbing tactic of seeing that US military weapons ended up in the hands of ISIS. I'd be interested to know how this gold transaction was negotiated, if it happened.
I knew it would happen.
Coin thief fails to understand difference between real money and make-believe money
Keep an open mind, or get financially repressed -Zoltan Pozsar
That Mele was not too bright some discussion about that in a US Coin forum thread: https://forums.collectors.com/discussion/1015106/wrong-on-all-kinds-of-levels
West Virginia to end sales taxation on gold and silver
Keep an open mind, or get financially repressed -Zoltan Pozsar
How central bank gold buying is undermining the dollar
Keep an open mind, or get financially repressed -Zoltan Pozsar
Per Martin Armstrong:
"China is smart enough that they are trying to keep the yuan from crashing against the dollar, but by selling the dollar they also do not want to buy euros or Japanese yen. With the chaos of BREXIT, the neutral political place is gold."
https://armstrongeconomics.com/markets-by-sector/precious-metals/gold/china-buying-gold-why/
Why not to trust what Jim Rickards says, an interesting commentary by Rod Kirby (starting @ 18 min or so):
https://bing.com/videos/search?q=reluctant+preppers&view=detail&mid=FA0DFA2D1A4750EF7710FA0DFA2D1A4750EF7710&FORM=VIRE
I knew it would happen.
Because your link takes us to some sort of search for prepping for endtimes.
Knowledge is the enemy of fear
your link takes us to some sort of search for prepping for endtimes
You didn't listen to the commentary, did you? Of course, Kirby's comments aren't very kind to the big banks either, which is your main concern. Correct?
oooooooohhhhhhhh……...a "prepper" website...……..boo!
I knew it would happen.
Monster Box @ Apmex = 17.8% premium over spot. Pretty high now. Anybody know why?
I knew it would happen.
Your link does not go to a video.
Knowledge is the enemy of fear
Has the Mint caught up?
http://www.coinnews.net/2019/02/22/american-silver-eagle-bullion-coins-temporarily-sell-out/
Your link does not go to a video.
Well, you got me there! Let me see what I didn't do.
Try this: Martin Armstrong blog:
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/china-buying-gold-why/
And this: Rob Kirby, for Jim Rickards commentary @ 18 min, but the whole video is interesting.
I knew it would happen.
Has the Mint caught up?
I don't know if the Mint has caught up, but I was watching a video which suggested that the Mint running out twice before year end (in the past 6 months) may indicate supply issues. Then again, the guy I was watching is pretty well embedded in the silver (sales) industry.
That's why I asked, to see if anyone has validation one way or the other.....
I knew it would happen.
"Every politician in D.C. is a bought off hack for Wall Street"
I wish, Tell that to all of the non capitalist "democratic socialist". Of course, die hard gold and silver bugs aren't really capitalist either. lol
ASE Mint sales
2017: 18,065,500
2018: 15,700,000 (2018 PF and Unc still being sold)
2019: 8,044,000 (through Mar 19)
Might be a banner year for 2019 ASEs.
The Big Short Doomsday Machine Is Back
"Thomson Reuters’ International Financing Review (IFR) reported this past weekend that some of the biggest names on Wall Street have returned to creating and/or trading synthetic collateralized debt obligations (Synthetic CDOs). The products were a major factor in bringing the U.S. financial system to the brink of failure in 2008."
Selena Gomez explains CDOs
Margot Robbie explains finance terms
Keep an open mind, or get financially repressed -Zoltan Pozsar
https://www.bloomberg.com/news/articles/2019-05-03/u-s-jobs-top-forecast-with-263-000-gain-wages-miss-estimates?srnd=premium
Knowledge is the enemy of fear
The world market is expected to increase the price of gold in 2019. The forecast is based on a noticeable increase in demand for the precious metal. This is facilitated by the unstable situation in the United States, events in North Korea and new sanctions against Iran. Economic instability in the world forces investors to avoid risks in safe assets.
Proposed bill for taxpayers to bailout "Mulitemployer" (union) pension plans
Keep an open mind, or get financially repressed -Zoltan Pozsar
re: multiemployer union bailouts - this may be a very harsh observation, but here goes. If and when these bailouts occur, it simply means that MMT is running full bore and will continue to run full bore until reaching saturation.
What this also means is that no matter what you've set aside, no matter how hard you've worked and how diligent your planning, no matter how smart you've been and how well you've diversified or hedged your savings & retirement assets - it's all transient and subject to revaluation in a big way.
This kind of crap is what diminishes everything you've worked for, and this is what directly contributes to this unsustainable debt bubble and the inevitable loss of confidence in "the system". When over half the population, the corporations, the states and the feds can't pay the interest on their debt - it really doesn't matter how much "money" gets keystroked into existence. It's all becoming transient, i.e. - a fluid and unpredictable situation.
MMT has already given the big banks free license to run loose forever with no penalties for the bad debt still on their books. MMT gives gov.com free license to stash $trillions in hidden accounts @DoD and HUD for whatever use they deem necessary without a smidgeon of oversight.
All this free stuff for the big banks and gov.com with no accountability diminishes everything you've ever done to provide for your own security & future, no matter how well you think you've done. Kinda crazy, isn't it? Seems to justify self-sufficiency and getting completely out of debt, along with mostly hard assets.
Of course, that's been my conclusion for at least the past 13 years - so what do I know?
I knew it would happen.