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Jarring Juxtapositions Revisited

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#46 Takachi


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Posted 30 November 2009 - 11:26 PM

All this screaming about a correction in gold is pretty convincing we have a ways to go yet. I do watch Sinclaire's column and calls and having passed 1156 with conviction, his next stop is 1225.

I lightened up a little about $40 ago and don't care to make that mistake bigger.

I will say I am completely comfortable with my CEF shares and their 50% physical gold and silver. I have no qualms about integrity there. I have never been comfortable with the paper based etfs.

#47 TenaciousG


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Posted 30 November 2009 - 11:43 PM

If you were not sure how to make a fake gold bar Popular Science helps out with that.

Interesting story at the beginning about Ethiopia central bank attempting to sell South Africa these fake gold bars.

How to make convincing fake gold bars
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#48 psyche doctor

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Posted 30 November 2009 - 11:49 PM

In the coming dark days when there is no other currency besides guns and gas:

I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#49 I_Am_Madness


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Posted 30 November 2009 - 11:59 PM

Times must be tough.

Carl Futia asking for donations.


I would be absolutely embarrass posting trades that consistently on the losing side. Why in the world would anyone give this guy a penny?
Stop the Madness

#50 Jimi


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Posted 01 December 2009 - 12:26 AM

Damn it all! I hate this conspiracy stuff.

Yeah. It's hard to unwind the conspiracy stuff - it all become a hall of mirrors.

So let me mount another mirror.

There are no - or only a few purposeful - tungsten bars in circulation. They are plants for a deception.

It's possible. And shifts the entire questions, "By whom, and toward what end?"
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#51 bearvest


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Posted 01 December 2009 - 01:03 AM

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Excellent, Doc.

I'm a long term subscriber, though I seldom post here.

I hope some lurkers will take advantage of your trial offer.
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#52 ChicagoBear


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Posted 01 December 2009 - 01:54 AM

I'd like to put that on the front page of the WSE, but I'm afraid it would start a panic. :lol:

Yeah, thank you for not posting this one. No need to draw attention to this, except to the extent that it helps other stoolies.

[1] JiCk did a good job of summing up my thoughts....so I won't repeat
Agree - thanks Jickiss! You're always on top of gold!
[2] I would push the tax hit to Jan 2010
Agree - I was looking for gold $1,400 before selling. Still, going to be sweating it.
[3] There are other gold ETF's out there, so another method would be to spread it around the other ETF's. But same issues you raised may or may not exist. GLD is fraught with many questionable practices....no audits....contract held through other custodians....no audits of them either....contacts in lieu if physical....and on and on and on
Agree - no faith in anything at this point. Diversify the risk is a great idea.
[4] I think the miners are the better play by far....GDX and now especially GDXJ....as well as mutual funds, etc that are owners of the miner 49er's
Agree - only problem is the miners will go down with the stock market. And I'm expecting it will go down again :lol:
[5] Not a fan of physical at all......too Armageddon for me....regardless, several guns and lots of ammo will trump gold coins and bars everytime, bar none
God help us if I'm ever forced to use the amount of ammo I'm storing. :ninja: Ammo is a great barter item, BTW. Gold bullion is a transfer agent (read: currency exchange) to preserve wealth and convert into the next currency regime. If there isn't one, then it will be money, and Armageddon WILL be here. Either way I'm covered. Best to have both bullion and ammo.
....just sayin'

Basically, I need to reduce exposure to GLD and diversify into other ETF's and miners. Thanks for clearing my head. This kind of situation really shouldn't happen, so emotions get involved and they should not. I'll tell you one thing, if GLD ends-up defrauding investors, heads are going to roll. They really don't want to piss off the gold bugs. These people are prepared and planning for the end of the world.

Thanks TJ for your input!

chicago-if you have gld as an insurance policy, then there is no substitute for having physical

Got all the physical I might need. I was just using GLD to trade the movements and make money (i.e. cash). I'm really po'd this thing is suspect!
If we don't change our direction, we're likely to end up where we are headed.
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