One Year In Hell…Surviving a Full SHTF Collapse in Bosnia

economic collapseMany in the precious metals community are eagerly anticipating a complete systemic collapse of the financial system because as “preppers”, they expect to not only survive, but to prosper in a SHTF scenario.  We suspect however that the following MUST READ account of surviving the Bosnian war in the midst of a complete collapse of the grid will be eye-opening in just how difficult it is to survive a full-on Mad Max scenario, even if one has spent years preparing for it.

I am from Bosnia. You know, between 1992 and 1995, it was hell. For one year, I lived and survived in a city with 6,000 people without water, electricity, gasoline, medical help, civil defense, distribution service, any kind of traditional service or centralized rule.
Today, me and my family are well-prepared, I am well-armed. I have experience.
It does not matter what will happen: an earthquake, a war, a tsunami, aliens, terrorists, economic collapse, uprising. The important part is that something will happen.
The following is my experience: [Read more...]

Jim Sinclair on Freegold & The End Game

Jim Sinclair sent an email alert to subscribers this weekend discussing his thoughts on freegold, and the end game to the current financial system.  Sinclair states that the current freegold proponents have distorted the original truth of free gold, and that gold is going back to its original role pre-convertibility.
Sinclair states that The emancipation of physical gold from paper gold is happening NOW and that the end game for paper gold is the basis for the future of physical gold.

Sinclair’s thoughts on freegold are below: [Read more...]

Flash Sale!! 2013 American Eagles Only $3.79 Over Spot Any Qty!!

Doc’s 2 Hour Power Hour Sale

*Sale extended to 7pm EST due to demand!

2013 Silver American Eagles $3.79 Over Spot for Any Quantity!!

2013 Silver Eagle

 

Click The Coin or Call 614.300.1094 Now!! [Read more...]

Payday Loan Companies Are Making Billions Preying On The Misery Of The Poor

Would you take out a loan that has an annual percentage rate of 391 percent?  Yes, I know that sounds absolutely crazy, but millions of Americans do it every single year.  The typical payday loan requires borrowers to pay about 15 dollars for every $100 that they borrow for two weeks.  That comes out to a yearly rate of about 391 percent.  And the payday loan companies know exactly who to target.  They have set up thousands of shops in the poorest communities all over the nation over the last several decades.  Each year, approximately 12 million Americans take out payday loans and they pay approximately 7.4 billion dollars in interest and fees on those loans[Read more...]

Gold And Silver – It Could Get Uglier

cartel raidThe realistic general consensus is that the spot prices for gold and silver are no longer relevant.  Yet, what remains the one price on which focus has intensified for each?  There simply is no other alternative, at present.  A distinction is made concerning the purchases by China, Russia, India, et al, paying a larger premium over spot gold, prior to the sell-off, and prices paid by those purchasing single ounce coins or even kilo bars, “the people,” as it were.
Purchases made by the tonne, from the countries mentioned, are not reported in a way that can be measured, and in fact, those purchases are not publicly reported.  While the reports of unprecedented demand for both gold and silver on a world-wide basis in response to the attack on longs, last month, continues, we think the New World Order and its vast infrastructure, IMF, UN, Basel, central bankers, all governments in the West under its control, is not overly concerned about the man-on-the-street demand.
The next chapter has yet to be written.  One thing is likely to be certain, it will get uglier. [Read more...]

Deepcaster: Market Forecasts Nuggets

gold nuggetI am on record here as stating that the entire stock market rally is nothing but a Federal Reserve induced bubble brought about by artificially low interest rates starving investors for yield elsewhere. The Fed, along with the Bank of Japan and the ECB I might add, are determined to corral investors and herd them, unthinking like cattle, into equities; the goal being to create an atmosphere of general euphoria towards the economy boosting consumer confidence in the hopes of inducing them to take on more debt and spend.
This is akin to building a towering skyscraper on a foundation of PLAY-DO. It may look wonderful and draw gasps of admiration but it has no stability and will not be able to withstand any external shocks.” -Dan Norcini

Perceptive, Independent Market commentators like Trader Dan Norcini generally agree that The Fed’s (and Bank of Japan and European and other Central Banks) Easy Paper Money Policies are Creating An Asset Bubble in the Equities Market that is not justified by Economic Fundamentals.
And they generally agree that it can not last.  We agree.
That raises the Key Question of which Assets to Invest in Now, and “When the Bubble Will Burst,” questions which we address here: [Read more...]

THE BIG FALLACY: Silver Trading More Like A Base Metal

By SD Contributor SRSrocco:
The notion that silver has been recently trading more like a base metal is more a fallacy than fact.
  When the public realizes the true value of the monetary metals, it will be too late for them.  Indeed this will be the greatest irony of all time – massive demand with no available supply.
Some of the top technical analysts have been stating that the reason why the price of silver has not held up as well as gold is due to the fact that silver trades more like copper than gold.  Basically, if the “King” of the base metals suffers… so will silverWhile this makes good press, the reality is much different if we look at the data below: [Read more...]

China’s Consumption of Gold and Acquisition of Gold Mines Continues

Analysts at Sprott Group highlight that China is using its gold import data to elevate import statistics even though the precious metal should not be classified with imports since they are not used for “goods and services” but rather primarily as investments.
The golden boost to the imports data has led some analysts to conclude that the Chinese manufacturing sector is strong. According to the Bejing Daily Newspaper, Chinese housewives or “aunties” have purchased 300 tons of the yellow metal in the past three weeks amounting in nearly $16 billion.  The impact of the run on physical gold in China may have a significant effect on import statistics.
Recently, China National Gold, a state-owned miner, was in talks to purchase Barrick Gold’s 74% stake in African Barrick, a major gold producer in Tanzania.  Although the deal has been shelved it shows China’s desire to acquire more mines. [Read more...]

SD Metals & Markets With T. Ferguson: Bullion Banks Ready to Ride the Silver Rocket!

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Turd Ferguson of TFMetalsReport.com joins Eric & The Doc this week as a special Gust Host on the SD Weekly Metals & Markets!

On this week’s show, we’ll cover a number of topics, including:

  • The Doc’s recap of physical market trends and the continuing physical gold & silver shortage

  • Massive and unprecedented physical demand in Asia, coinciding with a historic draw-down in GLD inventory

  • Prospects for a summer rally in bullion

  • TF discusses a massive shift in the silver COT, as the commercials have doubled their long position since QE∞ was announced

SD Weekly Metals & Markets with Guest Host Turd Ferguson is below! [Read more...]

Morris Hubbartt: Commercials Are Buying Physical Gold?

m2Submitted by Morris Hubbartt:

As the chart clearly shows,  “smart money” purchases have generally occurred during major price weakness.
We are grinding through a prolonged period of such weakness now, and the commercials have been buying long positions and covering shorts. There are also rumors they are buying physical gold.

The big money in any market is usually made by buying extreme weakness. The latest COT reports may not indicate that the lows are in.  They do indicate that commercial traders believe gold offers tremendous value to buyers.

[Read more...]

The Million Dollar Question: When Does the COMEX Default?

EmptyVaultWhen you look at the math, especially the supply/demand and inventory/delivery “math” there is only one question that remains.  The question is not whether the PM’s are grossly undervalued.  It is not whether supply can meet demand.  It is also not whether known inventories can continue deliveries at the pace of the last couple of years.  The only question which remains is “when”.  “When” does the current unsustainable and lopsided (soon to be proven fraudulent which yes, includes “intent”) business model of the precious metals market blow up in a default?
When does it end in the same fashion that every banking panic in human history has seen?
[Read more...]

Lew: Debt Limit Won’t Be Reached Till Labor Day After $60 B Fannie Mae Payment

Friday humor comes a day late this week, as new Treasury Secretary Jack Lew has announced that the effective debt limit will not be reached until at least labor day, thanks to a one-time $59.4 billion payment by Fannie Mae to the Treasury after reporting a record quarterly profit.

Although “The statutory debt limit will be reached in just a few days”, there is no need to worry because we can simply borrow from and drain entitlement programs again, ala 2011:  “Because of the extraordinary measures that are available and cash flows that we now can predict it will not be until at least after Labor Day”. [Read more...]

Adam Hamilton: SPX Topping Valuations

Zeal051013ADespite bulls’ assertions otherwise, stocks are very expensive today.  In fact, the elite component companies of the flagship S&P 500 stock index now have average valuations matching the ones seen in October 2007 when the last cyclical bull topped.  That led to a brutal cyclical bear that slaughtered the naive investors who chose to blindly believe Wall Street’s stocks-are-cheap claims then.
The general stock markets are now trading at valuations triple what we need to see before the past decade’s secular bear can end.  This makes buying high into today’s widespread complacency and euphoria extraordinarily risky.  It guarantees big losses as these overbought stock markets correct sharply at best, or roll over into a dangerous new cyclical bear market at worst.  Buying into toppings is foolish. [Read more...]

Gold & Silver COT Report 5/10: Commercials Now Net Short 72 Million Ounces in Silver!

goldcotBy SD Contributor Marshall Swing:

Gold & Silver COT Report 5/10/13:

Commercial longs added 18 contracts to their total and an additional 244 total shorts to end the week with 50.59% of all open interest, a minor decrease of 0.15% in their share of total open interest since last week, and now stand as a group at 72,280,000 ounces net short, which is a small increase of just over 1.1 million net short ounces from the previous week.  [Read more...]

Jim Sinclair: Ethically And Legally Exit The System While You Still Can!

In the wake of this week’s further confirmation from EU Finance Minister DiselBoom that depositor bail-ins are headed to banks across the Eurozone, Jim Sinclair has sent an email alert to subscribers, warning investors to Get out of the system or financially perish.
Sinclair states that the financial flood-gate is straining (hence Bernanke’s unwillingness to even appear at Jackson Hole much less serve a new term), and that the further can-kicking of the mother of all meltdowns is no longer possible.   Sinclair’s plea to investors and depositors alike is to: Ethically And Legally Exit The System While You Still Can! [Read more...]