This is why there is a problem, and why physical precious metals are important to have.

jmski52

The risk is not the euro. It is whatever the target of the CDS OTC derivative gang is at any time.

From Jim Sinclair's site, and he is exactly right about this. If the big banks get free money and their trash assets can't be valued for what they are so that they don't have any consequences for being bad gamblers and bad money managers - then they can attack any market or any currency or any commodity at will. All for the sake of more money.

They are crooks, and so are the politicians that they've bought.

See commentary

CaptHenway

How the hello can Greece blame U.S. banks for Greece continuing to spend way more than they have on their welfare state?
TD

pragmaticgoat

<< <i>How the hello can Greece blame U.S. banks for Greece continuing to spend way more than they have on their welfare state?
TD >>



Mentality decay

MrOrganic

<< <i>The risk is not the euro. It is whatever the target of the CDS OTC derivative gang is at any time.

From Jim Sinclair's site, and he is exactly right about this. If the big banks get free money and their trash assets can't be valued for what they are so that they don't have any consequences for being bad gamblers and bad money managers - then they can attack any market or any currency or any commodity at will. All for the sake of more money.

They are crooks, and so are the politicians that they've bought.

See commentary >>



winna winna chicken dinna!

I also have read that theory....seems very valid.

Wall street = New Mafia

TheRegulator

<< <i>How the hello can Greece blame U.S. banks for Greece continuing to spend way more than they have on their welfare state?
TD >>


You could probably ask the same thing of the politicians here in the U.S..

jmski52

How the hello can Greece blame U.S. banks for Greece continuing to spend way more than they have on their welfare state?

I know that I have to live within my own means. That much I know.

Delete "Greece" from the above statement and insert "California" or "USA" or "US Treasuries" or "British Pound" - take your pick.

Greece is an easy and weak target. Soros went after the British Pound years ago. Now there are bunches of Soros's and on top of the heap is the international banking cartel who have virtual immunity. You have to ask yourself, "Why?"

1jester

<< <i> You have to ask yourself, "Why?" >>



Because they can.

As an aside, over the past week or two in Europe, physical gold and especially silver have become all but impossible to find, as people have started seeking out real money due to fiscal uncertainties on the continent. Gold is, of course, easier to find, but try to buy a box of 500 SAEs, Maples Leaves or Philharmonics - impossible. Small quantities can be found but at much higher premiums than before (at least 50%) but most large quantities are now subject to long waiting periods. At least in Europe, the run on physical has started, IMO.

OnlyGoldIsMoney

<< <i>How the hello can Greece blame U.S. banks for Greece continuing to spend way more than they have on their welfare state?
TD >>



That'a an easy one. Its Bush's fault.

Wolf359

<< <i>How the hello can Greece blame U.S. banks for Greece continuing to spend way more than they have on their welfare state?
TD >>



Entitlement mentality, the opposite of truth.

sbeverly

They are crooks, and so are the politicians that they've bought.

Also, to a large degree they are one and the same. Look at the revolving door
between GS and government.

yellowkid

The President just spoke about the cozy relationship between the oil companies and the regulatory agencies, it's not much different from the situation with the financial industry.

CaptHenway

<< <i>

<< <i> You have to ask yourself, "Why?" >>



Because they can.

As an aside, over the past week or two in Europe, physical gold and especially silver have become all but impossible to find, as people have started seeking out real money due to fiscal uncertainties on the continent. Gold is, of course, easier to find, but try to buy a box of 500 SAEs, Maples Leaves or Philharmonics - impossible. Small quantities can be found but at much higher premiums than before (at least 50%) but most large quantities are now subject to long waiting periods. At least in Europe, the run on physical has started, IMO.

>>



Where is this quote on the run on physical metal from, please?
TD

PerryHall

<< <i>The President just spoke about the cozy relationship between the oil companies and the regulatory agencies, it's not much different from the situation with the financial industry. >>



Who is responsible for the conduct of these regulatory agencies?

yellowkid

<< <i>

<< <i>The President just spoke about the cozy relationship between the oil companies and the regulatory agencies, it's not much different from the situation with the financial industry. >>



Who is responsible for the conduct of these regulatory agencies? >>



Right, this problem developed since he took office.......

cohodk

<< <i>How the hello can Greece blame U.S. banks for Greece continuing to spend way more than they have on their welfare state?
TD >>



Isnt that what everyone does these days? Blame others.

gsa1fan

<< <i>

<< <i>

<< <i>The President just spoke about the cozy relationship between the oil companies and the regulatory agencies, it's not much different from the situation with the financial industry. >>



Who is responsible for the conduct of these regulatory agencies? >>



Right, this problem developed since he took office....... >>



I agree with you BO is a tool!

1jester

<< <i>

<< <i>

<< <i> You have to ask yourself, "Why?" >>



Because they can.

As an aside, over the past week or two in Europe, physical gold and especially silver have become all but impossible to find, as people have started seeking out real money due to fiscal uncertainties on the continent. Gold is, of course, easier to find, but try to buy a box of 500 SAEs, Maples Leaves or Philharmonics - impossible. Small quantities can be found but at much higher premiums than before (at least 50%) but most large quantities are now subject to long waiting periods. At least in Europe, the run on physical has started, IMO.

>>



Where is this quote on the run on physical metal from, please?
TD >>



It's from my own research.

CaptHenway

<< <i>

<< <i>

<< <i>

<< <i> You have to ask yourself, "Why?" >>



Because they can.

As an aside, over the past week or two in Europe, physical gold and especially silver have become all but impossible to find, as people have started seeking out real money due to fiscal uncertainties on the continent. Gold is, of course, easier to find, but try to buy a box of 500 SAEs, Maples Leaves or Philharmonics - impossible. Small quantities can be found but at much higher premiums than before (at least 50%) but most large quantities are now subject to long waiting periods. At least in Europe, the run on physical has started, IMO.

>>



Where is this quote on the run on physical metal from, please?
TD >>



It's from my own research.

>>



OK, thanks.
The posting was (and still is) messed up with everything in italics, and I thought it was a quote from a different thread.
TD

RedHerring

<< <i>Where is this quote on the run on physical metal from, please? >>




As a side note, I've noticed the generic silver bars & rounds bringing crazy prices on eBay lately. 30% over spot?! Nuts!

I was shaking my head the other night as I watched auctions ending at $25-$26 for an ounce of generic silver!

1jester

<< <i>

<< <i>

<< <i>

<< <i>

<< <i> You have to ask yourself, "Why?" >>



Because they can.

As an aside, over the past week or two in Europe, physical gold and especially silver have become all but impossible to find, as people have started seeking out real money due to fiscal uncertainties on the continent. Gold is, of course, easier to find, but try to buy a box of 500 SAEs, Maples Leaves or Philharmonics - impossible. Small quantities can be found but at much higher premiums than before (at least 50%) but most large quantities are now subject to long waiting periods. At least in Europe, the run on physical has started, IMO.

>>



Where is this quote on the run on physical metal from, please?
TD >>



It's from my own research.

>>



OK, thanks.
The posting was (and still is) messed up with everything in italics, and I thought it was a quote from a different thread.
TD >>



Yeah, I don't know how to fix that! I've spent quite a bit of time in Europe in the past 15 years and I've just observed this latest development in the past week. Of course, it might not hold true for the whole continent but it does seem that across the board, people are buying physical because prices (which are already sky-high due to VAT and premiums) have just jumped and availability is severely limited, more than I've ever seen.

1jester

Here is more corroboration of what I've seen in the past week or so. So it's all over Europe now!