Anchor wrote:I hate the fact that all these commodities are still priced in USD.

You should take a look at the graphs which are adjusted for the buying power of the US$ (does such a statistic/graph exist?)

Any way, my obvious point is that of course the USD price is going up - the USD is f**cked.

This is not a reference to the underlying value of the metal - very much rigged as has been stated.

That is not to say that if you are debt free and are lucky enough to have the spare money to sink some into some gold or silver, just make sure you get the actual physical metal. Be as discreet as you can and have a good safe, suitably rated and properly installed - or just hide it very well. Ensure it is in small recognisable formats that can be easily exchanged - like no more than 1Oz for gold, or perhaps 10Oz for Silver. [*] Also consider not insuring it - most insurance companies don't anyway and have very low limits if they do. If you try to insure it you are effectively telling a lot of people where your stash is and how well protected or otherwise it is.

Personally I'd rather spend the money on stuff that will help me live nicely and grow food...

John..

[*] This comment is not really investor savvy, its more motivated by the idea that you could use this stuff when the money system ceases functioning well - which, IMHO, it will at some point.

Of course the best situation to be in is, if money in all it's forms simply just went the way of the dodo. But it is here and it is what we have to deal with and has been rooted in commerce and peoples lives for millenia.

Some of us (including myself,) live in apartments without balconies and that have no garden thereby growing any food is made difficult. Even if we can get around the practicalities and rules governing our ability to install window boxes, for myself and many in the Northern Hemisphere, growing food in this way is not currently possible in a window box at this time of year, with -10c outside. So our options are limited largely to buying Gold & Silver and stocking up on food/water and other tradeable items hoping you can trade your shiny trinkets with someone that values them for goods and services. The only and best chance that many of us in my position have at growing a food garden is to do it by Guerilla Gardening - an interesting concept in itself and deserving of it's own thread.

The only way we can get from A to B (from here to real money, or here to a resource based socirtey or here to totally without money) is to have a transitional currency based on something real (metals or even your skills/labour). Comparing it's value to a fiat currency equivalent helps people in the 3D system to make comparisons for a fair value trade. Sadly the US Petro-Dollar has been the yard stick for many years and is the worlds reserve currency.

Many of the SOB's that perpetuate the monetary/debt & slave system currently have their pants down around their ankles whilst they're busilly shafting us which leaves them exposed. Buying Silver will help chop off the head of a very large snake (JP Morgue).

Where we go from there is unclear, there is no plan other than to bring them down. I can say that we should be careful for what we wish for. If successful, it will cause quite a few problems in the short term but better now than later as we may not get another chance to effectively make real and meaningful change in the world.

Indoor garden can be created with grow lights or just growing sprouts.

http://www.essortment.com/all/indoorvegetable_rhar.htm

http://www.grow-light.com/Grow-Light-Packages_c_47.html?gclid=COaX0_Dh06UCFSBugwoddz49lQ

http://www.stealthhydroponics.com/?gclid=CM609ILi06UCFRxqgwodxHWvkg

Here's a chart (I hope) that shows gold is going up in all currencies :

Sparks wrote:Here's a chart (I hope) that shows gold is going up in all currencies :

Thankyou :)

Massive Monetization: The Failure of the International Financial System
by Bob Chapman
Global Research, December 4, 2010

The price of commodities, particularly food and petroleum products, will be higher in the coming year, which will strain budgets more than ever for those who still have jobs. Unemployment will not get appreciably better and government debt will rise. Government is talking about raising the Social Security retirement age by three years, freezing payments and offering government guaranteed annuities in exchange for those of you that do have retirement plans. Two-thirds of those in and about to retire have only Social Security for 50% of their income. The money collected since 1935 is all gone, having been spent by past politicians. In fact, if you put all present and future commitments together you have a debt of $105 trillion.

The US wants to avoid default and devaluation of the dollar. They can raise taxes, cut spending or default on their Social Security and Medicare commitments, and commandeer personal retirement plans. In whole, or in part, these are options for government. If they cannot manage these changes then the Fed will have to increase money and credit, which is now euphemistically labeled 'quantitative easing'. The powers behind government have looted the system perpetually, but particularly since August 15,1971, when the gold standard was abandoned and the result of this gutting and its consequences is about to manifest itself. Unemployment refuses to fall and little is being done to improve the situation. This year five million American workers lost extended unemployment benefits, as Wall Street, bailed out with taxpayer’s loans, is showering their employees with hundreds of billions of dollars in bonuses. There is no question these are the seeds of which revolution is born. We can as a result expect demonstrations and unrest, as we are now seeing in Europe, which could end up in rioting and other antisocial behavior.

Considering what the Federal Reserve and the US Treasury have done over many years we believe we can expect a continuation of fiscal spending and more money and credit to be injected into the economy. That will lead to higher inflation, which could lead eventually to hyperinflation. In preparation in businesses or professionally, or individually, your cost of doing business or living should be reduced and those savings should be used to purchase gold and silver bullion coins and shares*. This is the only way you can protect your investable assets. Business and job opportunities have already fallen off a cliff and we believe that situation will get much worse.

Many of you have IRAs and 401Ks, which we have said your government would like to get their hands on. They are not going to stop pursuing these savings, so you have to act before they do. The government desperately needs that $6 trillion. These funds are at risk, even if all you have in these vehicles are only gold and silver coins or shares. If legislation is passed confiscating these assets and you are given a government guarantee on return, you end up with 100% of nothing. Based on that IRAs and 401Ks should be systematically liquidated with an eye toward tax consequences and penalties. Those who refuse to do so will suffer grievous losses.

If the dollar loses 50% of its value versus other major currencies or even more versus gold and silver you will suffer a major loss of buying power. Those are losses versus inflation. If we have hyperinflation the losses will be even worse. That means you have to get a loan against your 401k and invest those funds in gold and silver related assets. 401Ks and pensions are invested in stocks, bonds and other possible illiquid assets. If the stock and bond markets fall you could lose a big part of your savings. Get whatever you can out now while you still can.

Presently many of our readers tell us that people who they explain the problem to think gold and silver are too high. We heard the same thing when gold was $350.00 and silver was $10.00. Unfortunately, 98% of the population doesn’t have a clue to what is going on. They do not understand the massive printing of dollars and credit that has been flooding the world. The monetization is massive as is the fiscal insanity that has been going on in government over the past ten years. How can anyone even consider being long the dollar? That said, the faster one gets into gold and silver related assets the better off they will be. Those who prefer not to listen we refer you to the 60% to 95% losses absorbed during the “Great Depression” of the 1930s.

It is normal for a world reserve currency such as the dollar to be backed 25% by gold. As you all know that has not been the case since August 15, 1971. Over the 39-year period since then debt has risen exponentially, almost to the point of insanity. The world will awaken in time but the cost for not listening will be dreadful. This is why over the next several years gold will easily go to $7,700 an ounce or higher and silver will range between $100 and $500 an ounce. Remember, gold is the only real money and it does not owe anyone anything. For those of you who do not know it gold has been used as money, along with silver for 6,000 years. Do the elitists really think they can beat that kind of track record? We do not think so.

The Fed is creating money and credit at an annual clip of $1.8 trillion and is going to continue to do so. On top of that they have set interest rates at zero percent and they still cannot create a recovery. Worse they know what they are doing is not going to work. As a result inflation to 6 to 7 percent not the 1.2% government would lead us to believe. When government admits that inflation in the future is 5-1/2%, we can assure you it will really be over 14%. Overall interest rates are negative and being in dollar denominated assets is a losing experience unless you own gold and silver bullion, coins and shares. The only thing that has allowed the dollar to retain value on the USDX is that Europe’s banking system is in a state of collapse. Still, all currencies are falling versus gold. Under the circumstances Europe’s austerity measures were the wrong thing at the wrong time, because at the same time the Fed was beginning QE2 taking them in opposite directions. Next you will see new stimulus being fed into the euro zone by the ECB, the European Central Bank. It is inevitable that the euro zone and the EU will collapse and that will be the linchpin which will take the entire world down financially.

The failure of the international financial system and the inability of elitists to control it, leave them open to loss and exposure of what they have been up too.

Bob Chapman is a frequent contributor to Global Research.

SOURCE: http://globalresearch.ca/index.php?context=va&aid=22254

*Note by TRANCOSO: Gold & silver shares are as worthless as the paper they're printed on, imo.

Crash JP Morgan

http://www.youtube.com/watch?v=1sf55zwK5IM&feature=player_embedded#!

Hmmm, what about the good little slaves not paying their credit cards for a few months too?
That should create some more fireworks..

A statement from silvergoldsilver.com

SOLD OUT! Selling again Dec 10th, 2010

We Are Silver & Gold

We are current SOLD OUT of products. Due to intense buying this AM (December 4, 2010) we will NOT be accepting ANY new orders until Dec 10, 2010.

Spontaneous buying frenzy aimed at killing finanancial terrorist JPM decimating silver supplies. . . Major price explosion imminent. JPM tries to cover multi-trillion silver-short liability by cornering copper market.

Ok what are they doing? Hedging their bet. All precious metals are going up. Why would they short silver and be buying copper? Here is the article.



JP Morgan revealed as mystery trader that bought £1bn-worth of copper on LME

The American investment bank JP Morgan is the mystery trader that grabbed more than half the copper on the London Metal Exchange, The Daily Telegraph has learned.

The $1.5bn (£1bn) trade was described in the LME's daily update as "between 50pc and 80pc" of the 350,000 tonnes in reserves. This pushed up the price for the immediate delivery of copper to $8,700 – its highest level since the financial crisis in October 2008.

A high premium on the spot copper price normally reflects fear of a shortage of the metal, which is in hot demand across the world as a vital component in a mass of products from electrical gadgets to wiring.

A source close to the situation said that JP Morgan had bought the copper contracts, adding that amount is closer to the "lower portion of the range" disclosed by the LME.

http://www.telegraph.co.uk/finance/newsbysector/industry/8180304/JP-Morgan-revealed-as-mystery-trader-that-bought-1bn-worth-of-copper-on-LME.html

Micjer wrote:Ok what are they doing? Hedging their bet. All precious metals are going up. Why would they short silver and be buying copper?

They're like the Hydra, cut one head off and another comes in its place. They're dug in tighter than and Alabama Tick. Well, not for long, I think they have made a massive mistake. Any looming recession will lower demand and to add salt into their gaping wounds, a high price will stifle demand further. It's the old supply and demand formular. Aluminium is a good substitute for many things copper can do in the Electrical industry, so people will redesign electrical systems for this cheaper alternative thus lowering demand even more. Granted, it is not as good as copper for electrical work in certain instances, but it can do quite nicely with Bus-Bars, which will help reduce the copper content even more.

No Economic Recovery in Sight: Seven Reasons Why Global Capitalism Can't Recover Anytime Soon
by Shamus Cooke
06-12-2010

As the recession grinds on, politicians in most industrial countries have an incentive to make exaggerated claims about the supposed coming economic recovery. Some say the recession is over. Obama is in the group that claims we're on "the road to recovery,” while other nations can only spot recovery "on the horizon.” Below are seven important social phenomena that point to a more realistic economic and political outlook.

1) Central Banks are Dumbfounded. The usual tricks that U.S. and European central banks use to avoid recessions are long-exhausted. Interest rates cannot get any lower. And because cheap money wasn't working, the printing press was turned up a notch, into what the U.S. federal reserve calls quantitative easing -- injecting hundreds of billions of dollars into the world economy, escalating an emerging trade war.

2) Trade War. For a global economy to grow, global cooperation is needed. But in a major recession all countries engage in a bitter struggle to dominate foreign markets so that their own corporations can export. These markets are won by devaluing currencies (accomplished in the U.S. by quantitative easing), installing protectionist measures (so that a nation's corporations have monopoly dominance over the nation’s consumers), or by war (a risky but highly effective form of market domination).

3) Military War. Foreign war is a good symptom of economic decay. The domination of markets -- every inch of them -- become an issue of life and death importance. Wars have been unleashed in Afghanistan, Iraq, and now Pakistan. "Containing" economies like China and "opening" economies like Iran and North Korea become more urgent during a major recession, requiring brute force and creating further global instability in all realms of social life.

4) U.S. Economy at a Standstill. The most important consumer market in the world, the U.S. is a nation of nearly bankrupt consumers. Nearly thirty million Americans are unemployed or underemployed, while further job losses are certain, due to nearly every state's budget deficit. The New York Times explains: "Now states are bracing for more painful cuts, more layoffs, more tax increases, more battles with public employee unions, more requests to bail out cities. And in the long term, as cities and states try to keep up on their debts, the very nature of government could change as they have less money left over to pay for the services they have long provided." (12-05-10)

5) Bailout Capitalism. First it was the banks and other corporations that needed bailing out, and now whole nations. Western nations bailed out their banks by falling into the massive debt that they are now drowning in. Greece and Ireland have been bailed out, with eyes shifting to Portugal, Spain, and Italy. The entire European Union is being called into question as the Euro takes a beating in the bailout spree. If the EU is dismantled, the shock waves will quickly reach other economies.

6) Bailout Repercussions. All western nations - including the U.S. and England - are grappling with their national debts. Rich bond investors are demanding that these countries drastically reduce their deficits, while also demanding that the deficits be reduced on the backs of working families, instead of rich investors. This is tearing the social fabric apart, as working and poor people see their social programs under attack. In Europe mass movements are erupting in France, Spain, Portugal, England, Greece, Ireland, Italy, etc. Social stability is a prerequisite for a recovered economy, but corporate politicians everywhere are asking much more than working people are willing to give.

7) The Far Right Emerges. To deal with working people more ruthlessly, the radical right is being unleashed. In normal times these bigots yell furiously but no one listens. But in times of economic crisis they're given endless airtime on all major media outlets. The message of the far right promotes all the rottenness not yet eradicated by education: racism, xenophobia, religious intolerance, violence, and a backward nationalism that fears all things "foreign.” These core beliefs effectively divide working people so that a concerted campaign against the corporate elite is harder to wage. Meanwhile, labor unions, progressives, and other working class organizations are instead targeted.

The above phenomena do not happen in a normal economic cycle of boom and bust. These symptoms point to a larger disease in the international economic system, a disease that cannot be cured by politicians who swear allegiance to this deteriorating system and to the wealthy elite who benefit from it. To ensure that the economic system is changed so that working people benefit, large-scale collective action is necessary, based on demands that unite the majority of working people: a massive job-creation program at the expense of Wall Street, no cuts to Social Security and Medicare, a moratorium on home foreclosures, passage of the Employee Free Choice Act, and so on. With the unions in the lead promoting these demands, working people could put up a real fight.

Shamus Cooke is a social service worker, trade unionist, and writer for Workers Action (www.workerscompass.org). He can be reached at shamuscooke@gmail.com Shamus Cooke is a frequent contributor to Global Research.

Source: http://globalresearch.ca/index.php?context=va&aid=22282

This is about the 500 dollars for one once of silver . Enjoy the laugh ! I can't stop !

http://www.youtube.com/watch?v=I0mhX9hpq3g&feature=player_embedded

enemyofNWO wrote:This is about the 500 dollars for one once of silver . Enjoy the laugh ! I can't stop !

http://www.youtube.com/watch?v=I0mhX9hpq3g&feature=player_embedded

Danke, es war wirklich gut. Aber ich denke, sie sollten die Rede mit einem anderen deutschen Skript synchronisiert haben.

Sie sollten seine letzten Bemerkungen in irgendeiner Weise genutzt haben über eine Kugel in den Kopf - vielleicht. Das war ein wirklich gutes Ende.

Yeah, similar to other themes using this clip, never fails to make you smile. Nice one.

To JP Morgue Happy Holidays.. What goes around comes around.

I took delivery today of a few silver coins and I more or less emptied my bank account ahead of tomorrows action suggested by Cantona.

What have you done?

We laughed our as.s off watching ENWO's youtube link - bought silver last year and Dinars this year. Who knows? We get crisped by the sun... popcorn will go up to $500 a kernel.