The developments in the financial market plays all to well into Lindsey
Williams predictions. The reports of physical gold/silver shortages and
sovereign/CB gold buying ramping up while the paper price is going
nowhere or down. I’m getting more and more convinced that a COMEX
default is the full intention of the manipulators. They are not planning
on ever delivering on their shorts. Their game has been revealed by the
major players, and those are now getting their hands on every piece of
physical there is. They manipulators are only in the game in order to
hide Gold’s safe haven status before the big implosion happens. The lid
will be kept on the paper price until the last brick has left the
warehouse, which after they become worthless, or BEST case redeemed in
cash at the then current (depressed) price leaving the owner losing
their position while gold goes “no offer”.
I’ve been patiently waiting for over a year for the (leveraged) paper
price to recover even for a short moment so I can cash out (the paper products are locked in an insurance plan that must be liquidated all at once together with other assets) and convert it all to physical.
We are now facing a total collapse in the euro zone which WILL lead to a
temporary spike/plateau in the USD before the contagion and realization
that fiat money will fail causes implosion or hyperinflation of the
USD. Some time between now and then the physical gold stockpiles will be
depleted, leaving everyone still in paper as the ones still standing in
a game of musical chairs when the music stops.
Even at the news of bank runs, rehypothicated gold, reports of
backlogged refineries and backwardation, empty allocated storage
facilities, more countries repatriating gold and moving away for settling in dollars, euro capital/border controls, fake ETF gold bar listings, (unilateral) italian
bank holiday, major CB gold purchases and a complete failure of the
euro looming – promises to deliver gold in the future is STILL selling, I
have to conclude that the seller surely are incredibly stupid asking
for bankruptcy or they are planning on never honoring those contracts
(and i think we all know the commercials can be called many things but
According to Lindsey Williams both the euro and the dollar will both be
worthless (but still exist) before 2012 is over. Once the euro falls,
you only have about 3-4 weeks to COMPLETELY get out of all paper, and
expect banks to call in mortgages in a buy-to-rent scheme.
I expect to never again see $1900 paper gold or $40 paper silver. I
expect it to be trashed in its place (pretty much) or go lower until the paper markets
seize to exist. I want to be wrong, because it hurts like a bitch to
liquidate my position at a 30% loss, but I’m one inch from swallowing my
pride and exit all paper. A year ago I was telling myself “They cannot
keep the lid on the paper price forever” which is now transforming into
“I guess they could”.
I think the exit sign is blinking. What do you guys think?
I think you are right Widget. Doc posted a RED ALERT WARNING a little while ago that has a lot of people upset about the Euro has collapsed (Unofficially) and they are using capital controls, etc. to kinda keep a lid on it. Who knows. I think Lindsay is correct and have been following his speeches for a while now. I really think people should get out of paper as soon as possible because any delay may tank all they have. Great post.
Hi! Widget Pastor Williams tells us to ignore the Euro and what’s happening in Europe and to concentrate on here and the Derivatives Market showing cracks and when the Interest Rates go up then it’s all over and you need to be prepared.
Also we will still have the dollar but not worth that much.
Ah, yes, like his 2010 prediction of 30-50% dollar devaluation. He makes one good guess about oil prices, and people still give him credit despite a string of misses. Pastor Williams is how old, yet he still believes in magic sky fairies. Credible.
Here’s another list of “expert” predictions, including Williams, just for laughs:
You guys all remind me of a bunch of young church members, all expecting each other to boost your faith – but in gold and silver. Like a belief (or not) in God, a belief in gold and silver will become a self-evident prophecy.
Us older guys understand that just as it doesn’t matter if you believe or not – faith or the lack thereof will reveal itself. Everyone who believed will have their doubts erased as events unfold.
Then at the “after” party, you can all congratulate one another for being right all along. God is God, and is there, whether you believe or not.
Doesn’t matter to God. Likewise, Gold and Silver will be revealed to be the only real money after all the paper fiat’s value decomposes.
Doesn’t matter to Gold or Silver.
This reply was modified 10 months, 2 weeks ago by Xizang.
So you are saying that we are right about gold and silver, but we are wrong for believing we are right?
And… “Us older guys understand that just as it doesn’t matter if you believe
or not – faith or the lack thereof will reveal itself.” …means that sentiment is of no market value? Confidence in strategies or institutions do not matter? A bank run is just a bunch of people who happen to be reclaiming their deposits at the same time by coincidence? Giving up a long position because you are discouraged in a falling market never happens to “old guys”?
And yes. We need some pep talk and reconfirmation as we start question ourselves. If we didn’t constantly put our and others’ common belief into question we would not have piled into gold/silver in the first place – we’d be shilling [sic] out to CNBC right now.
Well, I think that if we make the decision to store our money in the form of gold or silver, it’s most likely best for the long haul. I can’t speak for you but I know I’m not smart enough to play the markets and try to make a profit day to day. My thoughts are faith in silver and gold and total lack of faith in the fiat paper currency the bankers have brainwashed us into thinking of as money.
I’m thinking that it will be soon enough when our faith in our decision to store our savings in the form of precious metals is justified. Soon enough, the banks and their funny money will be a part of failed history. Like my own faith in God, my faith in gold and silver are ongoing.
You’re probably confident that you made the right decision when you started buying silver and gold. You don’t really need affirmation from anyone else. You did right and soon your decision will prove to be the right one. And likely one of the best things you’ve ever done in your life.
" Shortwave ham frequencies provide worldwide communications daily. VHF/UHF has its place in local comms. No morse code to get a license anymore. Doesn't hurt to know it tho because it will get thru jamming and interference voice can't. All my antennas are emp grounded, it is called lightning prot... "Reply To: Ham radio
" PS: GROUND your EMP Shielding, that cannot hurt and likely helps.
I bet MaryB already has though LOL!
Is Morse Code still part of the HAM License?
They cannot really shut down the frequencies, but may attempt to jam them.
But more likely they will monitor these channels.
... "Reply To: Ham radio
" There goes the idea that I could get in cheaply! I knew that was too easy.
Would I be able to contact anyone worldwide? That was my thought going with this idea in the first place. What's the point in buying one if it doesn't go worldwide? I thought they all had global abilities. I may ha... "Reply To: Ham radio
" I have thought about this. If it is not in the US, it is a risk IMO.
Even in the US, it could still be seized in a bank holiday. hard to say
Thanks for perspective, Mammoth "Reply To: Chinese yuan bank account
" Silver Dollar - if I cash out now I cannot buy silver in Ecuador for anywhere near this ridiculously low price. Its just that I have been concerned that when things collapse all I will be able to get over here is the cash. And I have to worry if some government will steal all funds in goldmoney.
... "Reply To: What will happen?
" Store a radio in a steel container, make sure to bubble wrap it for insulation. Stick it in the attic, garage, wherever as a spare in case of confiscation. I have an old Drake tube rig I am restoring that will be mostly EMP proof "Reply To: Ham radio
" Nice Shootin' TEX!
I am thinking avoid the ASE's (I have some) as they are prolly tracked by Big Bro... at least the bulk purchases, as I started out with. But that went down in Lake Monroe, stupid of me to take the stack with me on vacation! You are best off buying with cash, and junk is usua... "Reply To: EBAY: ASE's at 40% PREMIUM
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