Quick Update

I am accumulating physicals via proxies of PSLV and CEF. No worry about theft, vault or storage. Also, I have some gold and silver bars stored in London with Goldmoney.com. 

What do you guys think?

Dubya Is Back
http://my.auburnjournal.com/detail/205607.html

It is the hardest loss I have ever had to face. Sometimes I wonder if we all are just doomed to have bad luck, but, we can always think of the wonderful records played on AM radio back in the 60's

Any of you old enough to remember The Old Philosopher?

Heading off to see if I can find a link to his humour.

I am sitting here tonight fondling an ounce of gold. This is great stuff! Very heavy for it's size. 10 oz could be easily hidden. I think I want to get more of it. 

I like silver, but I like the gold better.

Everyone should have some!

I can relate to your "unknown language" statement.  I was out marketing the business today and in the car after checking the spot price I mentioned I wish I could go to the LCS to BTFD before we get a FUBM.  And then had to translate for my listener....

The “old grannies” I know as a whole are a whole hell of a lot more in touch than the typical two-legged bleating, wooly milk drinkers that run around living big mac to big mac without a clue or silver eagle to their name...  I, for one, enjoy hearing what the seasoned among us have to say.  Thanks for sharing.

My dad had a silver dollar he always carried around in his pocket with his change.  I remember him showing it to me as a little kid.  It was worn smooth.  No date, nothing recognizable at all.  Last year when he was visiting he mentioned it and I had forgotten all about it, so I asked him to show me.  He has it in his wallet now - hidden away.  He pulled it out and suddenly it all came back.  Part good luck, all real money.  He is 81 now, but silver is still silver.  He is the one that got me into coin collecting right before the switch in 1965.  I thank him for it.

EU PLOT TO SCRAP BRITAIN
http://www.express.co.uk/posts/view/318045/EU-plot-to-scrap-Britain

Click pic if necessary

Billionaire Hugo Salinas Price - Elites Plan to Control the World
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/3_Bil...

from your ZH link:

" The Great Moderation itself (the asset bubbles, credit production and, above all, interest rate targeting) would never have been possible without central bankers controlling not only the supply of money, but also its very definition.

A gold standard in whatever form represents a decentralized paradigm of monetary control, the true expression of the free-est marketplace.  You may argue that such a paradigm is ultimately economic suicide, a pro-cyclical monetary drag on economic affairs during dislocations, but you cannot argue that the ultimate decision for that drag lies with individual persons, not central bankers.  A true gold standard, one where banks may only issue “dollars” that are convertible into some specified physical quantity of gold, means that control of the money supply rests entirely within the willingness of individual economic actors to exchange real money (gold) for paper dollars (currency).  That is the ultimate monetary power."

​That is so well expressed - a keeper for future reference.  Thanks.

Will Rogers: Quotes On Politics And Life

Will Rogers

On 4 November 1879, Will Rogers was born on Dog Iron Ranch near Oologa, Oklahoma. He’s known as Oklahoma’s favorite son.

Politics:

• Diplomacy is the art of saying ‘Nice doggie’ until you can find a rock.

• Ancient Rome declined because it had a Senate; now what’s going to happen to us with both a Senate and a House?

• Be thankful we’re not getting all the government we’re paying for.

• Our constitution protects aliens, drunks and U.S. Senators.

• There’s no trick to being a humorist when you have the whole government working for you.

• The more you read and observe about this Politics thing, you got to admit that each party is worse than the other. The one that’s out always looks the best.

• The income tax has made more liars out of the American people than golf has.

• I don’t make jokes. I just watch the government and report the facts.

• There ought to be one day-just one-when there is open season on senators.

• The man with the best job in the country is the vice President. All he has to do is get up every morning and say, ‘How’s the President?’

• You shake a slogan at an American and it’s just like showing a hungry dog a bone.

• I don’t care how poor and inefficient a little country is; they like to run their own business. I know men that would make my wife a better husband than I am, but, darn it, I’m not going to give her to ‘em.

• Politics is the best show in America. I love animals and I love politicians and I love to watch both of ‘em play either back home in their native state or after they have been captured and sent to the zoo or to Washington.

• There is two types of larceny, Petty and Grand. They are supposed to be the same in the eyes of the law, but judges always put a little extra on you for Petty, which is kind of a fine for stupidness.

• I guess truth can hurt you worse in an election than about anything that can happen to you.

Are the next best thing to having it within reach.   When people refer to 'paper gold' this isn't what they mean.

"I have been lurking here for a while, and thoroughly enjoy the high standard of (most) posts.

I've also listened (for what seems like several years) to the theories posted here and elsewhere re. PM price manipulation,and find a lot of the arguments attractive.

However, the fact remains that non-paper buyers of gold have never failed to locate and purchase gold - whether the buyers are industrial, mint, stackers, private, corporate, I've never heard of anyone failing to source physical gold, and take delivery of it.

And they are successfully buying it at the 'manipulated' market price.

If the price of gold was manipulated, there would be a disconnect between physical and paper gold prices, with physical sellers asking for a premium over paper price. This is not happening.

It is postulated that this is ABOUT to happen. And it has been about to happen for more than 4 years.... Really?"

Exactly! Argumentation about FUTURE shortages and possible disconnect sounds logical, but current situation is that you can use many venues to buy physical metal (bullion, bars, Eagles, generic, WHATEVER) without any problem. That is a fact and you can easily check it by going to the web and/or calling large bullion dealers like Apmex and Golddealer.

Here is another idea: go to LCS. Mine is in Cupertino, CA (near headquarters of Apple Inc.) is almost always empty - people don't give a fuck ... so what is the reason for shortages? Institutional investors, industrials, big money? Use Comex and take delivery! 

Some time ago when I pointed to Turd that he can easily go and fulfill any order at large dealer he responded to me with remark like What the heck do you know in your small world? There are powerful buyers with a lot of money who have to pay extra premium compared to us mere mortals to get their gold. Good argument, isn't it, considering vast availability of phyzz to masses that ALWAYS pay more premium on goods compared to powerful buyers.

Availability of physical metals for delivery brings up very simple question: "If price is manipulated to make it lower, why rich people - we have millions of millionaires  - don't take advantage of it?" Things like massive dumps of futures DO point to manipulation, but the question remains if it's TRUE manipulation why rich guys don't use it to get richer. Manipulate AAPL to 100 bucks a share and see what would happen - fucking stampede...

In any case, I appreciate the work of Turd and community. I hope that we are all on the right track.

Thank you.