“The downside for the central banks is that short-term interventions have further emptied the physical vaults (once) again. And where is this gold coming from? It’s coming out of unallocated bullion bank inventories (at the Comex). The central banks may be leasing out gold, but it’s not leaving their vaults (at this time)….
…..The Fed, LBMA, Comex & Banks On The Edge Of Disaster
They say that when faced with disaster only about 10% of people will take action to avoid it. I bought some physical gold and gold miners but probably not enough. Even today I stay invested in international and USA markets. I talk the talk but do not walk the walk. Slap me silly.
Your gold miners might slap you silly 🙂
This is why we are hearing about nothing but Syria and gun control. The whole freakin’ international banking system is fubar.
You know, the proprietors of that website just may have something to sell. Just sayin’.
Not that it would be prudent to own some physical gold/silver, and to actually have physical possession of same, but there are merchants of panic out there.
Can anybody remember a time when financial services salesmen were NOT predicting imminent disaster?
People like Ron Paul and other advocates of hard currency have been predicting this meltdown ever since the Fed denied access by the house banking committee to audit the Fed gold reserves and get the real M3 (gold to circulation dollar ratio). Independent economic forecasters, (not hooked into the Fed sphere of influence) have been predicting a dollar collapse 18 months after quantitative easing became a full time program.
The dollar is super over-extended for its backing assets, any dollar-based ROI is as fragile as the super extended fait dollar. Bonds are now sinking and the only safe haven is metals, land and food futures. This is an economy in decline about to go into a tail spin – and what is the criminal-in-chief doing? He’s full steam ahead arming federal agencies and removing firearms from Veterans and civilians – can’t say as I blame him being nervous with an armed population about to become victimized by an economy hollowed out by congressional excess and fatal monetary policy.
Ya buy any of thisyar noo-fangled Bitcoin yet?
FYI, for those unfamiliar with Michael Campbell, I have been a regular listener to his Sat AM radio show for many years now.
He has been almost a lone voice in the media during this time, keeping in the forefront vital financial topics other talking heads ignore. From the European financial crisis to our unfunded liabilities here at home to the western worlds debt woes to the political left’s inability to conceive(or simply just admit) that a vibrant business climate is vital to affording social programs, etc, etc..
He is the real deal.
Well Gord, I must say I’m not rushing out to buy precious metals tonight. Am kind of thinking that cash may not be where I’m keeping all my long-term hopes for the future though.
Wheel weights, maybe. Nothing like a nice box of wheel weights, I always say.
Sounds like I need to buy a few more bitmines and start getting ready for the next “market correction” last time this happened, I was cashing out at almost $220/btc.
Lead, soon to be a very precious metal.
Sh*t hits the fan day draws near….
Canada doesn’t have any-it was sold off over the last 30 years-our vault is empty.