I am sure that many who have invested in gold and silver as a hedge against inflation, are currently (due to the spot price declines) wondering whether they have in fact made the correct decision. This is just my attempt to reassure those people that they have in fact made the correct decision, by pointing out that none of the fundamentals of the system have actually changed. Most governments are now totally bankrupt, borrowing or printing money are now the only two options left open to them. When the borrowing option disappears (as other nations/individuals will no longer be willing to lend them further amounts of money) printing money (inflation) will be the only option left open to them. Then you will KNOW (without doubt) you have made the correct decision.
Comments 16
As always, nothing ever goes up in a straight line, for which we all ought to be grateful! =^[.]^=
Posted 26 Jul 2010 at 1:56 am ¶The sky ain’t falling tomorrow and yes the fundamentals remain. The good thing is markets will gradually correct somewhat, despite Govt’s trying to fight economic gravity.
Posted 26 Jul 2010 at 2:11 am ¶Thank You for the compliment Treacle.
Check out my latest video “Back up the truck Bert” it is basically this short talk in picture form.
Cheer’s Andrew.
Posted 26 Jul 2010 at 3:05 am ¶Brilliant! – you are correct on every point – nothing has changed but the spot price! – the spot price in UK means very little – try buying silver at £10.30 an ounce or gold bullion coins for spot! – the spot is the price of paper gold much of which is not even backed by physical gold – all that is paper is not nesseserily really gold! – those with the real stuff will have their day once the ponzi schemers check-mate themselves in to showing their empty vaults! – £2000/ounce gold is near
Posted 26 Jul 2010 at 3:35 am ¶Holy shit fella,
shouldn’t you be in bed now?
It is past 1.30 in the morning.
That’s it for me for today, I have done my bit.
Goodnight world.
Posted 26 Jul 2010 at 4:33 am ¶Yep, chance to buy while it’s at a bargain, looking in longer term, inflation is sneaking up already, quantative easing=higher inflation, prostitute politicians up to no good again=nefarious! Return to honest money and cancel out the Banksters, UK is already in huge dept! No jobs for the youth! Here comes serious trouble ahead, Financial Tsuanami, then that retard Alistair Darling saying UK coming out of recession, its a Damn DEPRESSION
Posted 26 Jul 2010 at 5:25 am ¶I know it is nearly DEAFENING me.
Cheer’s
Posted 26 Jul 2010 at 5:42 am ¶Silver and Gold are a SCREAMING BUY!!!
Posted 26 Jul 2010 at 6:40 am ¶FILL YOUR BOOTS
Posted 26 Jul 2010 at 6:41 am ¶Thanks, Ponzi Fiat. What puzzles me is that gold and silver went down as the stock markets went down. Id like to see the prices of gold and silver go down much more. I’m in it for the long haul. The prices of gold and silver will not be correctly valued until the fiat currencies have been reset. More to be revealed!
Posted 26 Jul 2010 at 7:07 am ¶My Opinion: I do think they may continue to drop, as the stock market crashes. All the big wigs have gone into the dollar, so the dollar is going to be strong and PM are going to decline. I think it will be a repeat of last year, then a dollar crisis, so save up so you can buy a lot when it drops! There may be more bailouts too!
Posted 26 Jul 2010 at 7:40 am ¶Ha! That’s quite the saying. lol
Wish I could fill my boots, this nice big drop in spot is coming just when my major bills are due (property tax, house and car insurance), so I don’t have much. I did luckily manage to catch a nice little deal on some 5 oz bars with Monarch, but boy do I wish I could get more!
Unfortunately, as you well know, more is never enough with silver….you always want more, rather like a drug addict. lol
Thanks Andrew
Posted 26 Jul 2010 at 8:08 am ¶We have a saying in the UK which is used to describe what to do when a situation arises that presents an opportunity that simply cannot be missed.
And that saying is
“FILL YOUR BOOTS”.
I don’t know how it came about, but it simply means stock up whilst the opportunity is still there.
So “FILL YOUR BOOTS” Angeligue.
Best Wishes.
Posted 26 Jul 2010 at 8:34 am ¶Spot on commentary Andrew. You’re right, nothing has fundamentally changed, other than having a nice buying opportunity. I’ve seen a good few comments on some vids recently of folk panicking over the spot price drop but I really don’t understand it. Having seen all the info, which has persuaded them to purchase metals, then why sweat the very temporary fluctuations of the market. The dollar and pound are still in death throws and one of the best safe havens remains metals.
Cheers!
Posted 26 Jul 2010 at 8:40 am ¶Thank you Shill,
If as you say Pete Peterson has been offered US T bills at merely 10% of their face value by his colleagues, well that clearly shows the high regard (not) in which those debt instruments are now being held.
Whether it be cash or T bills, I suppose in the end they are merely just pieces of worthless paper.
Best Wishes.
Posted 26 Jul 2010 at 8:43 am ¶Very good points, very well presented. I agree with your analysis and will continue to buy up precious metals at the current low levels.
Posted 26 Jul 2010 at 9:03 am ¶I watched an interview with Pete Peterson. It’s a long video covering many topics. His economic opinions were spot on. He has friends and collegues in many high positions and they all have absolutely no doubt that this system cannot survive. He has personaly been offered US T bills at 10% of face value from some very worried Japanese collegues. He declined!.
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