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The U.K. is/was the recipient of significant foreign capital as they are used as an investment pass through into the EU. The Brits have stronger laws which is why this WAS a preferred vehicle for big money. But not no more...
"Hey hey hey goodbye"
If the President gives an order that violates the constitution and the consequences of this are in fact grave then Articles of Impeachment should be initiated by congress and the POTUS should be removed
The problem is we as a country are so past this to the point it's citizens don't even know there own history. Someone mentioned that public servants of the Legislature should be part time? I think that would solve much of this dilemma and bring the power of the purse and the creation of laws back to Congress
Currently congress subordinates everything to the current Communist in Chief imo
So the world will be forced to choke on funny money for eternity? Debt based economies or bust eh?
Sure bud
Each time Eric Sprott executes another offering in his silver funds he has openly admitted for a "Failure to deliver". However this is unlikely as there's no way that guy is going to be shorted on delivery not with the size of his megaphone
You and I are a completely different story which is why paying someone to watch your metal is a bad idea imo
Historically reserve currencies average ~95 years and the $USD gained its status in 1921. Portugal had it from 1450 -1530 then Spain for a 110 years and so on. Point being is why would the $USD be any different? The only thing backing it is the promise to tax its citizens down the road. Really??
No wonder every developing country is accumulating gold
An oz of silver can be denominated in many currencies present and future as well as bartered for goods. The $USD will do neither when it's yield purchasing power reaches zero and it will.
All fiat currencies die as its a 100% statistical fact. Thousands of years of history answers this argument or one could read a well written reference on the subject. I didn't know anything about money until I did:
Ascent of Money: A Financial History of the World is Harvard professor Niall Ferguson's tenth book, published in 2008, and an adapted television documentary for Channel 4 and PBS, which in 2009 won an International Emmy Award.
True but you know what they said about the blind squirrel? SLV
That's hilarious
The Fed is not going raise rates if they follow their own study at predicting recession and raising the Fed Funds Rate. Yield Curve as a Leading Indicator
https://www.newyorkfed.org/research/capital_markets/ycfaq.html
It can also be used to pay dividends to shareholders. Imagine that actual electronic gold backed by a mining company
Have you tried googling Silver Slayer? It doesn't exist and for good reason he'd eventually run out of someone else's money
SLV
It's called being on the wrong side of the trade and there's plenty more where this came from
Interesting indeed check out iron and copper as well.
Dear god I wouldn't wish that on my worst enemy
I have no argument there but of course that will be the lynch pin to a constitutional convention and likely full blown civil war imo.
Let's hope this does not happen
"Looking specifically at silver, we have a true potential atomic bomb in the works for July. COMEX claims to have 22,482,000 ounces registered and available for deliver. This number is an ALL TIME low for “registered” ounces. To put this number in perspective, it is less than $400 million dollars and only about 10 days of global production. Also in perspective, customers have already withdrawn 12,244,000 ounces of silver in just the first 8 days of June! Finally, the real shocker is the July contract.
First, the open interest for July of over 107,000 contracts is more than 50% of the entire open interest. This represents over 536 MILLION OUNCES! Do you realize this amounts to over 60% of total global production on just one bourse and in just one single month? Obviously there will not still be 536 million ounces standing for delivery by July 1st, but as it stands now there are contracts open to deliver 24 ounces for every 1 ounce registered for delivery."
There's so much going on including Brexit but maybe it's the the leverage unwinding through price discovery
I remember that and I don't think the Germans were made whole either. Seeing that the US govt has to import silver to meet the demand for Silver Eagles I'd say there are not enough chairs to go around. Although I thought I read somewhere that was not Constitutional as importing silver for Eagles was a big no no.
Someone else may know better than I
FFMGF
Start em early and the sooner we can lock em away for good. Personally I think preventing someone from exercising their 1st Amendment rights at an election related event should be considered a crime against the Constitution.
Let Donald unleash his AG on them next year and this BS will stop real fast. These kids won't survive in prison they are nothing but cowards with a real bad attitude
Silver Slayer says crocodiles are angry because they have an oversized medulla oblongata or was that the Waterboy? Maybe he finally jumped onto the right side of the silver trade?
The last US President to visit Fort Knox and open the vault was Reagan. I assume the rest just got along to get along but yea there's a pretty good chance there's not much in there IMO. The US owes a lot of bullion to other countries and like derivatives now taking priority in BK so will the delivery of that bullion to its international owners
Americans will be the bag holders of $USDs and IOUs
It's the $USDs turn to be devalued but fortunately many many westerners are going to support it as they "go to cash" in their retirement accounts.
Money Market accounts are in trouble and I fear folks won't be able to get out of them without a significant haircut. Eq market multipliers are too high and earnings can't be sustained just because capital is cheap. Check out Security Analysis by Benjamin Graham
Non productive (homes vacation homes etc.) real estate will also take a significant haircut as well. Once rates go up and they will but not because of the the Fed there will be a forced correction made by the market as the $USDs finally come home.
Then there is the dilemma of unwinding the Fed balance sheet. Tepper teaches a class on this and there is no "good solution " as of yet ;)
Thanks bud just living the dream my brother!
Yup I think that's a good call and that's where I'd place my money
JPM has a half billion oz of silver but yes most other banks will go bust
It means one step closer to the Fed's final QE performance. Then it's lights out "Gonzo" for the $USD
Hyperinflation has a way of making gold shine don't you think?
Thanks
Some believe holding a bar of gold or silver offers zero tangible value. I wish those people a lot of luck because every asset they likely hold has significant counter party risk and is denominated only in the $USD
Bars can be traded especially when the $USD has nothing left in the tank in terms of purchasing power. They can also be hidden away from those that missed the boat.
Treasuries, most real estate and equites will be plentiful as their value gets flushed right down the toilet by a hyper inflated $USD
100 years of failed monetary policy
I saw this advertised on The Blaze last night and thought it was pretty cool and worth sharing:
http://www.endlesspowernow.com
Yep once the employer mandate officially kicks in almost everyone who receives insurance benefits through their employer will be kicked over to a reimbursement plan of sorts. This will push the risk off to the employee and still satisfy the Obama mandate
Meanwhile the millions of federal employees still get their diluted health plan. Their pharmacy benefits are not like they used to be but they are still better than most have today.
Then the government will introduce a single payer system or trump will be elected
http://www.bloomberg.com/news/articles/2016-05-26/miner-sees-silver-price-surging-ninefold-as-global-gadgets-boom
"A major Japanese electronics maker approached First Majestic Silver Corp. for the first time last month seeking to lock in future stock, a sign of supply concerns that could boost the metal’s price ninefold, according to the best-performing producer of the metal."
Miner Sees Silver Price Surging Ninefold as Global Gadgets Boom
A major Japanese electronics maker approached First Majestic Silver Corp. for the first time last month seeking to lock in future stock, a sign of supply concerns that could boost the metal’s price ninefold, according to the best-performing producer of the metal.
http://www.bloomberg.com/news/articles/2016-05-26/miner-sees-silver-price-surging-ninefold-as-global-gadgets-boom
10% dip kills the public pensions eh? This isn't looking good for a lot of people
Gold Cup and Handle Targets 1490 On a Breakout, With New All Time Highs Likely In Silver
http://jessescrossroadscafe.blogspot.com/2016/06/gold-cup-and-handle-targets-1490-on.html
That's hysterical
When the spot price is higher than the futures price it's known as Backwardation. It's also an inversion in gold's pricing mechanism that is bullish toward the yellow metal
The opposite is known as Contango which indicates a bearish sentiment for the metal.
Backwardation is an indication that traders DONT believe gold will be cheaper tomorrow.
Paper vs Phyzz
Auto sales = bubble
Home sales = bubble
Student loans = bubble
ANSWER: Sell more Treasuries to Americans
BUBBLE
When Russia exchanges Nat Gas for gold and this exchange is done outside the $USD with countries like Iran India Australia China etc. does it really matter?
Do you think most people know about the bilateral agreement to exchange gold for washing machines and refrigerators between China and Iran?
Who do you think subsidizes those countries the US kicks out of their beloved SWIFT system? The ones not being reported by the moronic financial media other than "China is in a recession with 6% growth"
Meanwhile the US sits on a zero growth economy
Yes it is. We used to watch videos about heroin and needles as some kid next to me passes out on my shoulder. My my times have changed