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Absolutely. Today Silver has tumbled to 30 bucks. This is great news. If you look at my earlier statements, a person who gradually works their way up to spending a certain amount per month will find themselves able to buy in what essentially feels like "bulk".


the trick isn't to buy low and sell high, the trick is to get comfortable "saving" more of your income, and buying higher volumes. Metal is a long term, rather than a short term investment. You don't sell during a crisis, you sell during one of those stagnant months in a stagnant year where everything seems boring and stable.

Now is neither boring nor stable. We are just coming up to the crest of a horrifying roller coaster. Instead of buy-sell-buy on a low-high-low, you should be thinking buy-buy food-buy.

well my suspicions were matched yesterday and this morning after doing a little digging. When I went to the local bullion dealer, he had practically sold out of everything - and considering it was about noon and he opened at 10:30am in the middle of nowhere - that's pretty crazy. The only pieces he had left were a half dozen eagles buried in storage, some foreign junk, and a lumpy bar with no numismatic (shiny) value at all. My friend bought the lumpy bar and we headed out after learning how to judge the quality and colors of Jade (which actually costs more in China than in the US).

The next thing I discovered from various news articles is what happened to ALL markets. One thing that happened was requirement changes - the group comex or whatever declared people needed more assets as their minimum to invest in digital bullion, so people started liquidating their physical assets to meet the higher requirement.
Meltdown causes margin changes at comex

Additionally, you may have noticed some increased regulations and "minimums" that essentially lock out the poor from getting into it. The idea is when the economy is unstable, the haves get to keep and the have nots aren't even allowed to buy. Anyone shopping at Apmex will figure this out when seeing a 50 dollar minimum. Wholesalers see this when being faced with a $10,000 minimum from the same company.

Overall, the rise in premiums and minimums means those who are in are going to be the lucky few. While people are running to cash, there's a more devious incentive.

The people who sold their shares of metals often sold under value, with the specific intent to trigger a price collapse. They wanted to do this so that they could then use the cash profits to immediately buy back in bulk.

In stupid speak,

that means if I sell 400,000,000 in metal at 40 bucks an ounce, the size of my sale will make people piss themselves in panic. Then they will also sell to mimic my giant cockliness, lest they feel d**k shrunk. Me, knowing this, will wait a few days or hours, and then send my pretty little head hunters all over the neighborhood, or even across the country to buy out all these morons at 30 bucks an ounce. Now I've gone from 10 million ounces to 13 million ounces, with the decimal points paying for the fake secretaries and other little shoppers all pretending to be individual private buyers...


Did I mention that? I call them headhunters. They are these pretty little yuppies who travel across the world pretending to be private family members investing for their family's future. What they are is very similar to that chick from the Justin Timberlake movie, Friends with Benefits - the executive recruiter. They travel from point to point buying out lock stock and barrel one store after the next in what amounts to a road trip of hilarity. At first you would think they are a myth, but you see the same patterns over and over. These aren't the old dudes with the zztop beards who talk about 9/11 conspiracies and shotguns, these are soulless locusts who drain the precious metals from local communities at peculiar times and then funnel the metals to billionaires and banking institutions.

Yes your currency choice is very stupid.

Stocks may be no more reliable than metal, but metal is no more reliable than stocks. The problem with this gold fad is that people are buying high and selling even higher. Americans are basically making the same mistake for the third time.

Your power of investment trumps mine. Instead of going metal hunting this week, we bought a truck. At least there's a gun show this weekend. As a rule of thumb, I recommend against posting exact amounts of valuables people have, for safety and security reasons.

I thought no one messes with them because they have ninjas. I know one of my first acts as a billionaire will be hiring ninjas.

To my knowledge, the IRS legally allows everyone to hold up to $10,000 in assets outside of the US without reporting it. It's best to check with the IRS articles on that though. That is 10k total, not per bank account.

How it works is if you save $10,000 in cash in a savings account that collects interest, the moment it hits $10,000.01 you are in violation of the law.

An interesting point though is that the value of bullion is recognized as the purchase price, or at least the spot price upon the time of deposit.

So if you deposit $10,000 in metal (a non cash flow, non interest, non dividend paying asset), if the price hits $100,000 per ounce and you had 10 ounces saved, the asset value is still $10,000 on paper until the time of sale.

An interesting exception to the gold confinscation along with art and jewelry, and sign making is that you could have your metals melted down into household items like spoons, forks, and knives, and at that point it is not considered bullion or coin. Even though 24 Karat gold is 99.999 Fine pure bullion grade metal.



If that ever happens though, I'll tell everyone that if you do release your metal under executive orders, with the cash you get for the face value, you better buy raw land or rental properties. Cash may be king, but if he who has the gold, makes the rules, then it doesn't matter who the king is if he only has cash and no gold. If you don't have gold, then you better have something of equivalent tangible value and use such as gold.

If you're looking for a quick profit you might put that cash into the stocks of gold mining companies, maybe even leverage that bet using futures and options, and count on the expected jump in gold values due to the increase lack of supply from the government hoarding it and banker manipulations. Assuming you win that bet (which seems pretty safe knowing the behavior of the banks and government) you would take the stockpile of cash you now have and buy a chunk of land somewhere you know gold exists, whether it be city property in Dubai, a gold rich city, or in the remote lands where you might lease mineral rights to mining companies.

so ive been staring at charts for a while, and I think it's pretty conservative to say gold is going up about 100 bucks every 3.5 months. That's assuming a linear growth rather than one of those crazy curves. Hyper inflation is one of those things you can account for for crazy curves, so anticipate some of that.