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egner
24 Jul 15 10:43
Joined:
Date Joined: 11 Jan 07
| Topic/replies: 13,526 | Blogger: egner's blog
...anyone who knows what,s really going on....and what is about to happen.....

...should be buying all the Gold and Silver they can....and they should be doing it NOW.

...because sooner or later even the Central Banks (the FED primarily) and their proxies wont be able to dump enough paper on the futures markets to suppress the price.......

...there will soon be a systemic meltdown of fiat currencies and the debt based Ponzi money issuance system that underpins said currencies.

....no charge for this advice by the way.......nopeWink
Pause Switch to Standard View Gold and Silver.................
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Report rob_dylan July 24, 2015 10:46 AM BST
are you one of these tw@ts who pretends to know what is going on?
Report Dotchinite July 24, 2015 10:46 AM BST
I agree that the system is bust beyond repair but since 2008 ive been constantly wrong in predicting the timimg of the real crisis. We are still stumbling towards disaster but Id like to know your definition of "soon".
Report egner July 24, 2015 10:53 AM BST
..no Rob.......I don't think I am.........

...I obviously think I know what is going on or I would not have posted.

...are you one those people who because they either disagree with an opinion or have none of their own they resort to personal insult.
Report rob_dylan July 24, 2015 10:53 AM BST
soon = 2008 iirc.
Report alun2005 July 24, 2015 10:58 AM BST
How about my poor old Premium Bonds then MYMF ?

Can I still rely on them making me a beautiful £25 each month so I can take Emily and Allegra out for a richly-deserved coffee and blueberry muffin at Morrisons every 3rd Friday in the month?
Report The Leopard July 24, 2015 10:59 AM BST
there will soon be a systemic meltdown of fiat currencies

....probably the Mafia involved !
Report egner July 24, 2015 11:06 AM BST
Dotchinite....."soon".....

..well....

...it will depend on how quickly the small minority...of which I am a part (and you it seems)....is made into a large majority.....

....the mass of people have yet to realise just what a tight (inescapable actually) corner that the Central Banks have backed themselves (and the global financial system) into by their manipulation of all "Capitalist"  market interventions through QE....near zero interest rates.... and futures markets dumping.

imo we have been in a managed recession since 2009..........take away QE....take away cheap.. almost free money...and the true nature of things is revealed....in fact it is already revealing itself while these measures are in place.....

...forget interest rate rises in the US....QE 4 as I predicted wont be long in coming.....it will simply prolong the inevitable...but this type of thing cannot go on forever.
Report egner July 24, 2015 11:10 AM BST
...perhaps the catalyst for the "masses" will be the collapse of the asset bubbles that QE and Zero interest rates have artificially inflated......

..then you will have a huge correction of asset prices....
Report egner July 24, 2015 11:16 AM BST
...this why on the Corbyn thread....while I am no fan of labour....

I said his time may soon have come.....if he elected leader......and reality dawns on the majority about the true nature of the financial system....

..people will wonder whether they can trust anyone!!!!!

..there was a crash under New or Newish Labour....if I am right there will be a crash under the Conservatives.....

...so maybe people will realise that it isn't the politicians who control things... ..but that it is the financial system and those who maniplulate it...who control the politicians!!!!!!!
Report egner July 24, 2015 11:19 AM BST
Laugh..you may have to make it every other month Alun....

....either that or I could take Emily out for you.....only in the spirit of lessening the cost to you of course!!!

LaughWink
Report Dotchinite July 24, 2015 11:31 AM BST
Corbyn could certainly trigger a crash with his ideas on spending money created by QE. Once politicians do that Weimar here we come.
Report alun2005 July 24, 2015 11:53 AM BST
A kind and selfless offer indeed MYMF… LaughLaughWinkWink….  you think of everything !!
Report egner July 24, 2015 12:10 PM BST
tttaaaa...ddddaaaa...

...and as if by magic.....the worst  two quarters volumes of world trade since 2009....just after the last Ponzi scheme blip.....

...don't worry though...the central banks around the world can cut interest rates to stimulate the world economy....

...oh.. hang on a minute.. wont that push us into negative interest rates????!!LaughLaughLaughLaugh

YIKES!!

...now where was that inescapable corner I was talking about a few minutes ago!!!!!LaughLaughLaugh
Report Stow_judge July 24, 2015 12:12 PM BST
Neither gold nor silver pay dividends and they don't have any nutritional value either. Both appear on a downward trend right now.
Report ooO{Alpha Centauri}Ooo July 24, 2015 12:15 PM BST
Wait until gold reaches $1000/oz
Report Stow_judge July 24, 2015 12:15 PM BST
Perhaps we should invest in trade-able things of value like cd collections of the doomsday preppers Crazy
Report Stow_judge July 24, 2015 12:27 PM BST
Major earthquake expected in California.
http://sanfrancisco.cbslocal.com/2015/07/21/major-quake-on-hayward-fault-expected-any-day-now-fremont-earthquake/
Report egner July 24, 2015 12:33 PM BST
...its on a downward trend Stow because its price is being manipulated by the Fed and its proxies primarily on the Comex futures market....put in other arenas also.

...they are terrified of the Gold price rising....and its effect on US dollar valuation....terrified.

..and you are right in one sense...while QE and zero interest rates are enforced then the stock markets bubbles will continue and all will seem fine......

..of course...why would you want gold or silver in these circumstances.....

...unless of cause you can peek behind the curtain and see that things WILL unravel......and that the longer this suppression of gold and silver goes on...

...the bigger correction will occur upward eventually for them...and down hugely for the stock indeces that no longer bear any reflection or are representative of the real economy in any way.
Report Injera July 24, 2015 1:03 PM BST
Neither gold nor silver pay dividends - Stow_judge


Some Gold companies listed on the FTSE pay dividends. Agreed that's an indirect investment in gold but nevertheless..
Report Stow_judge July 24, 2015 1:28 PM BST
"Doomsday" investors hold only physical gold & silver. They figure that shares & funds etc can be pillaged by the government if things get really desperate.

https://en.wikipedia.org/wiki/Gold_Reserve_Act
Report Stow_judge July 24, 2015 1:31 PM BST
A chap on this thread even claims to have his physical gold stored in off shore deposit boxes!

http://community.betfair.com/tradefair__financials/go/thread/view/94198/26356285/what-is-the-likelihood-of-hyperinflation-in-2010-2011-or-2012
Report Stow_judge July 24, 2015 1:35 PM BST
it's probably on this one
http://community.betfair.com/tradefair__financials/go/thread/view/94198/29540603/advice-on-buying-physical-gold
Report egner July 24, 2015 1:59 PM BST
Gold and Silver has been "money" and a store of value for thousands of years.....

...and it will still be considered money and a store of money long after the dollar...pound...euro and whatever other fiat currency you would like to mention becomes worthless.....

..and the ONLY way to buy it...and to protect your self from currency implosion or hyperinflation or a whole systemic financial metdown is to but the physical stuff..

if you buy paper Gold...an ETF....you will joining the bottom of a very long queue should you wish to collect the real gold that backs it up.......as I have said the dumping of paper gold to suppress its price means that there is nowhere near enough of the physical stuff to cover all the paper liabilities....

..either buy it as coins and store at home or other secure places you know of or have someone else store it for you...spread it around too....london ..Geneva..Singapore....
Report Stow_judge July 24, 2015 2:13 PM BST
If armageddon arrives, why wouldn't the price of Gold, Silver & everything else collapse? Where is the demand for it when everyone is potless?
Report egner July 24, 2015 2:25 PM BST
..I assume you are talking of financial Armageddon stow....

...beacause it is a store of value.......and when the value of fiat currencies diminishes and becomes worthless...and goods and services need to be bought..it can be traded for them.....

..in fact in many countries in asia they wil readily accept gold for everday things...they love it and appreciate its inherent qualities....its longevity...scarcity and store of value.

And many think that when the financial system is reset...which it is mathematically certain it will have to be....any new currency or currencies value will have to be linked to Gold.....

..not a return to the Gold standard per se...but the valuations put on them will have to  be backed by Gold.......and many think this why governments all over the world who KNOW what it is happening are either secretly buying up as much of the stuff as they can (China) or trying to get the gold that is stored for them in other countries Central banks repratiated to them..(fat chance)....because as I have said......the physical stuff is oversubscribed many many times.
Report blackbarn July 24, 2015 2:29 PM BST
Egner, I am not endorsing your "investment advice", but treating Gold and Silver investment COINS similarly is seriously flawed, because Gold coins and bars are zero rated for VAT whereas for Silver they are not.
Report The Leopard July 24, 2015 2:34 PM BST
and when the value of fiat currencies diminishes and becomes

don't they rust?
Report egner July 24, 2015 2:40 PM BST
...yes blackbarn...

...but in the context of what I have said on here im not sure what the relevance is......

..the prices of both are being supressed and when that suppression ends they will both skyrocket....

..the fact that Vat is payable on silver does not invalidate this per se...

..also..if worst comes to the worst....silver coins in that their worth is less comparable to gold is far easier to barter with for everyday goods and services.
Report blackbarn July 24, 2015 2:57 PM BST
Oh dear Egner,  I stick to your wonderful photos if I were youCrazy.
Report egner July 24, 2015 3:02 PM BST
...thanks blackbarn.....

...bit confused though...VAT on silver may mean you need to wait for a big jump.....but that is what im talking about on here after all!
Report The Leopard July 24, 2015 3:19 PM BST
flat : something with no height

fiat : Italian car Manufacturer

Do you promise to get it right, next time?
Report The Leopard July 24, 2015 3:20 PM BST
Wink
Report egner July 24, 2015 3:28 PM BST
ShockedWink
Report mi6mediacontroller July 24, 2015 5:18 PM BST
after much thought i think gold is a useless soft metal give me some No1 iron which you can make the most fantastic practical things
Report TheBetterBettor July 24, 2015 6:02 PM BST
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Report egner July 24, 2015 6:10 PM BST
...im thinking more like 3000 for gold at least....

....and 250 to 500 for silver........

...assuming the above scenarious play out roughly.......

...please don't call me nuts....only a fruitloop conspiracy theorists opinion.....

....ill bump the thread when it happensWink

...yep.
Report Foinavon July 24, 2015 6:18 PM BST
I fear the scenario you describe egner.
Advanced societies like ours can not survive if workers are not paid as everything will collapse. No electricity,water, sewage treatment,transport and no food in the shops. I'm wondering what would be there to buy with those valuable gold coins and how you could hold on to them without being in possession of a serious "persuader" and plenty of ammunition.
Report blackbarn July 24, 2015 6:20 PM BST
Now I know it's a wind upLaughLaugh.  Well done.
Report egner July 24, 2015 6:25 PM BST
...it fills me with trepidation as well foinavon.....

..I really cant see it being avoided....some kind of reset has to take place......

...to be honest you have hit the nail on the head......I think there would be plenty for those with the resources to buy it....

...but it wouldn't be a pleasant scenario in which to live...and as you say ..without protecting yourself or getting someone to do it for you may not last long....

Doubt I could go down that path so may become academic anyway.
Report egner July 24, 2015 6:27 PM BST
in fact I would probably end up blowing it all on stuff for all the stray cats and dogs to eat....and trawling round fields to help abandoned horses and things....

..be nice to be able to do that so I shall continue squirelling a few bits and pieces away!!Wink
Report egner July 24, 2015 6:29 PM BST
Laugh...actually blackbarn that is conservative.....

I really wanted to put 6 to 10,000...

and 1000 to 2000 but I thought the derision would be too much for even me to take!!
Report Foinavon July 24, 2015 6:30 PM BST
It could happen egner, let's hope it doesn't.

We saw what happened in New Orleans when the levees broke a few years back. Law and order broke down in a matter of hours. Our cities are overcrowded with everyone dependent on the continuance of services. Not a happy prospect if anything goes wrong.
Report blackbarn July 24, 2015 6:34 PM BST
Then why in the meltdown scenario you describe do you expect Gold to only triple and Silver to grow by a factor of 16. LaughLaugh
Report egner July 24, 2015 6:35 PM BST
..as most people know blackbarn...

Silver has far far far more potential to rise from its present position than gold.
Report TheBetterBettor July 24, 2015 6:36 PM BST
egner

Why not try bitgold.com?....the crypto commodity. Its best to get into these type of things now when theyve just started up....

Free to sign up and no deposit required...Youll even get free 10 pounds worth of gold from a referal from an existing member, me!!
Report egner July 24, 2015 6:40 PM BST
yes better...

..I have been looking at that...great concept......the future....
Report egner July 24, 2015 6:42 PM BST
Bullionstar great as well...just for simple gold or silver holdings.
Report blackbarn July 24, 2015 7:04 PM BST
It's still a wind-upLaughLaughLaugh
Report egner July 24, 2015 7:06 PM BST
Laugh.. we will see blackbarn ...time will tell..... yepWink
Report akabula July 24, 2015 8:53 PM BST
egner deffo the best fisherman on here. Laugh
Report akabula July 24, 2015 8:54 PM BST
.............. or biggest nutter. I'm not quite sure.
Although with a mountain of silver coins I hope he's right. Laugh
Report egner July 24, 2015 9:36 PM BST
...I just like thinking about things......trying to work things out.......

.....what has happened...what will happen...why things happen the way they do.......

...trying to get to the bottom of things.........inquisitiveness.....

....difficult sometimes when you havnt got all the info and have to read between the lines in situations....

...it is natural I think.Wink
Report akabula July 24, 2015 9:38 PM BST
I used to have that problem with women but I gave up thinking.
Report blackbarn July 24, 2015 9:44 PM BST
Just like why there are two l's in bo llocks. 

I still like your pictures though.  You need some thistles though, unless you have a lot locally, and brambles for your ringlets (should be a good year this year though for them, at least here in Sussex.
Report egner July 24, 2015 10:01 PM BST
Laughthanks blackbarn...

.........there is a field quite close with an overgrown corner that has lots of brambles.........perhaps that's where the ones visiting the garden came from....or were going to........

I have about 8 clumps of Cirsium rivulare atropurpureum....brook thistle......but disappointingly it has gone over all ready....stopped flowering about 3 weeks ago....flower heads have gone all fluffy.....usually carry on forever.....September at least.......disappointing.

Think they are short lived though so may need more unless they self seed.
Report TheBetterBettor July 24, 2015 10:01 PM BST
Gold isnt the be all and end all..

Example...

If your house, full of family members was burning down and you had to buy one, and only ONE for $5.  Which one would it be, a bucket of water or a bucket of gold?
Report egner July 24, 2015 10:07 PM BST
...you are right betterbettor.......
Report blackbarn July 24, 2015 10:33 PM BST
Egner - lets forget about commodities and concentrate on important things.

Ringlet's main summer feed is bramble flowers, although the larval food plants are grasses. We have lots of both here. The Cirsium is a great plant of a lovely colour, but it is not a proper Thistle in the Buffly or Goldfinch sense. you need the real basic jobs.

Glad your a buffly man, if you are ever down to Sussex pm me, I have a decent meadow, plus access to a proper wood with White Admirables, Purple Emperors and (in season) Duke of Burgundy's.  Been teaching my granddaughter the "browns" today and yesterday. Not easy.
Report egner July 24, 2015 10:59 PM BST
.thanks for the pointers blackbarn.........and sounds great .......if I'm ever down your way I certainly will.........

.....the natural world needs all the friends it can get with the way everything seems to be encroaching on its hitherto pristeen environments........passing info about its simple joys to the next generation is crucial if it's diversity is to be maintained long term.....

..and I know we are moving on from "Commodities " but in a way this is what this thread and my recent posts on other threads relate to.......

..the debt based money issuance system we have needs "growth" at any cost to maintain it...it really is the Ponzi scheme to end all Ponzi schemes.........and it is the natural world....in all its diversity that seems to take the brunt of this new God called growth......

......I love the natural world ......

...anyway on a lighter note.......yes.....the plants that adult species feed on I have pretty much sorted I think ( I am going to do a plant list on the other thread at the end of the season).....

.......the next challenge...as you mention with the Ringlets is to concentrate on the larval food plants so colonies can establish and breed.....

........there are some grasses at the margins which are kept long....plus nettles.....which are pretty good I think.....and Birds Foot Trefoil which I have about 4 clumps of ...this is a larval plant for a few species I think.......

.....this is where I will concentrate on improving now the nectar plants are pretty much sorted.
Report boxingthefox July 25, 2015 2:49 PM BST
If you had a cutlery set made of gold would you still call it silverware. Excited
Report egner August 24, 2015 11:08 AM BST
...global Ponzi schemes working well............send/print more money....

...global Ponzi schemes working well............send/print more money....

...global Ponzi schemes working well............send/print more money....

...global Ponzi schemes working well............send/print more money....

LaughLaugh

Federal Reserve and mainstream commentators in the west trying to pin everything on China...currency wars gathering pace as fiat currencies become ever more unsustainable/worthless......

.... illusion of recovery being seen for what it is.......a managed recession bordering on depression since 2009 by issuing more money and more debt (at near to zero interest rates)....perpetuating and increasing the debt that causes the problems....

...a forced global currency reset getting closer and closer....

...roll up up...roll up....get ya gold and silver....get ya gold and silver!!!

Wink
Report Money Tree cost me thousands!! August 24, 2015 12:14 PM BST
Silver won't hit 500.
Report egner August 24, 2015 12:31 PM BST
yyyyyyyyyyeeeeeeeeesssssssssssssssss......

......thanks Money Tree....Wink
Report Money Tree cost me thousands!! August 24, 2015 12:39 PM BST
Devil
Report egner August 24, 2015 12:40 PM BST
LaughWink
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