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Old February 28, 2012, 12:46   #1
Thorack
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Silver up $10 in 60 days!!

Well,

Looks like we might be due for another blow off soon as spot silver is up $10 in 60 days. Get ready for another sell period as prices will again drop just dont know when. Greece will default and when it does the blow off will be huge.

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Old February 28, 2012, 14:13   #2
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That was my plan - wait 'til March for the default, EVERYONE runs to the Dollar, it crushes PM's, BUYING OPPORTUNITY, then the dominoes start falling and we get swept up with the rest of the world- best laid plans have a way of getting derailed though - my grand plan assumes metals will be AVAILABLE at those low prices - my best guess is - no they will not be, not in quantity from the big players - if there IS availability then THAT is the time to change the bulk of your wealth into metals and get the fuk OUT of paper.
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Old February 29, 2012, 00:32   #3
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Eggsellent. I'm already up five bucks an ounce dog.....
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Old February 29, 2012, 14:56   #4
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Uh-oh,

Looks like a pump and dump down over $2 today, looks like cliff. Sorry, VonFireBalls you are only up $2 and some change.

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Old February 29, 2012, 18:17   #5
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It figures. I got 3 1/10th ounce American Eagle $5 gold pieces about a week ago and now gold is tanking. No problem, I got them as an insurance policy, not an investment. I also ordered a 1 oz gold piece for my folks 50th wedding anniversary. I had to get both these gold items from out of state. Around here folks are buying gold, not selling. If you go into the places that advertise 'buy gold and silver'. It is all buy, no sell and if they will sell you silver it is at way to high of a mark up. I don't like going out of state cause of the paper trail but got no choice.
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Old February 29, 2012, 18:23   #6
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Don't sweat price fluctuations, you are looking at the issue in exactly the right way - it's insurance - so what your down 30 FRNs on your gold - means nothing.
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Old February 29, 2012, 20:55   #7
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Quote:
Looks like a pump and dump down over $2 today, looks like cliff. Sorry, VonFireBalls you are only up $2 and some change.
I'm not sweating it anyhow. Don't really care if it dumped to $5 an ounce. It's for my early retirement so I'm not cashing out just yet. I will wait until an opportune time for myself and then make good on it.
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Old March 01, 2012, 00:06   #8
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Guys - TRUST me - silver and gold bot at recent high's will STILL be DIRT cheap in the near future - you bot it for PRESERVATION of your buying power - ignore the worlds central banks trying to convince you otherwise, because thats EXACTLY what they are doing - if the sheep lose confidence in their FIAT - their game is OVER.
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Old March 01, 2012, 01:43   #9
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gates -

I agree with a lot of things you say. But do you really think that TPTB/Central Bank will actually let their 'game' be 'over'? Um, no you don't.

The CB (ECB/Fed) is salivating for the opportunity for the PetroDollar/USD to collapse with the following circumstances:

1) they have plausible deniability
2) the President of the United States is someone scape-goat-ish (think Ron Paul or Mitt Romney - NOT Obama, who is a Most Useful Idiot/Puppet/Tool...) so that the Redistributionists will become out-and-out Socialists
3) they have a ready-made-answer for the soon-to-be-'created' problem (Ben announced today that the Fed is "very well capitalized"...)

This is coming, and you know it. Don't say for a minute that they'll be screwed along with the Payor (you and me). They won't.
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Old March 01, 2012, 01:46   #10
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I think physical will be very, very high. And I don't think you'll be able to walk up to any counter in the country to take your new-found 'winnings' and get into the 'new' game at market price.

Hello black market. And a 50% to 75% hit on your (and my) physical. But it is much better than a 100% hit to your paper.

Buy it now. The 75% hit will still make you well.
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"I love you, Pluskat..." - brunop

"Rebellion to tyrants is obedience to God." - Thomas Jefferson

"The constitutions of most of our states [and of the United States] assert that all power is inherent in the people; that they may exercise it by themselves; that it is their right and duty to be at all times armed; that they are entitled to freedom of person, freedom of religion, freedom of property and freedom of the press." - Thomas Jefferson
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Old March 01, 2012, 01:50   #11
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Brun- the END GAME, ULTIMATELY, is NOT under their control:-) they THINK it is - it is not!

Last edited by gates; March 01, 2012 at 01:58.
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Old March 01, 2012, 02:00   #12
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I agree 100%. But there is a Whole New Game coming before the End Game.

And it ain't gonna be fun.
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"Rebellion to tyrants is obedience to God." - Thomas Jefferson

"The constitutions of most of our states [and of the United States] assert that all power is inherent in the people; that they may exercise it by themselves; that it is their right and duty to be at all times armed; that they are entitled to freedom of person, freedom of religion, freedom of property and freedom of the press." - Thomas Jefferson
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Old March 01, 2012, 02:06   #13
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You are 100% right!

I don't expect to survive it - but I hope you do!
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Old March 02, 2012, 22:06   #14
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Got some powder saved up- I hope the greek explosion happens as you mentioned, flight to USD, PM tank (temporary false hope for the USD) then I buy with 2 fists....
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Old March 02, 2012, 23:56   #15
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I think a LOT of money is waiting on the Greek blowoff...
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Old March 03, 2012, 08:28   #16
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Quote:
Originally Posted by brunop View Post
I think physical will be very, very high. And I don't think you'll be able to walk up to any counter in the country to take your new-found 'winnings' and get into the 'new' game at market price.

Hello black market. And a 50% to 75% hit on your (and my) physical. But it is much better than a 100% hit to your paper.

Buy it now. The 75% hit will still make you well.
http://www.alt-market.com/articles/6...ets-to-survive
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Old March 03, 2012, 10:37   #17
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What Really Happened This Week in Gold and Silver
http://acrossthestreetnet.wordpress....ld-and-silver/
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