SEll your GOLD...NOW!!!!

[flintlock]

Re: MyGallons.com

looked like a ponzi scheme to me also

Sounds like something they were talking about on the radio the other day. The host, Clark Howard, seemed to think it was scammy if that was the one he was talking about.

[touchring]

Re: SEll your GOLD...NOW!!!!

A greek default may trigger the Asian real estate bubble burst. This will be hugely deflationary for most commodities.

A Greece de-fault means a hit to French banks, and U.S. money-market funds have taken cheap money (at a cost of about 1% interest paid to depositors) and have invested that money in Europe, particularly in French banks to earn a higher rate of return. The French banks then took the money from the carry-trade from U.S. money-market funds and U.S. bank CDs and re-invested that money in Greece to earn a higher rate of return in Euros.

All this means is that money is going to have to be printed, either by the Central Bank of the EU or by the U.S. Federal Reserve to bail-out Greece. Maybe both central banks will have to print together, in a print-a-thon. And that means more bubbles ahead, not only in Greece but in the rest of the PIIGS. More bubbles ahead from a convenient bail-out now would imply more bail-outs in the near future.

Hence, gold and silver remain strong. The print-a-thon is on. Plus, new bubbles are being blown in the United States, for example in Palo Alto, California where homes are now selling for well over their asking price. In Las Vegas, investors are moving in from abroad and buying ten homes at a time. Russians are buying Chicago, Argentinians and Brazilians are investing in Miami, and Canadians are buying Phoenix, San Diego, and L.A. real estate.

So the central banks have learned nothing from the Great Recession except to print, re-inflate their bubbles, and bail-out everything as required.... The bail-out of municipal bonds in America may be next. The bail-out of California may then follow. The U.S. stock market is already being supported by Bernanke. The bond market is being bought by Bernanke. The print-a-thon is on..... What's different now than in the past? Like with a car stuck in snow, the driver spins the wheels faster, and the car sinks deeper into the snow.

Precious metals are over-bought now, but they remain over-bought for good reason.

[plinko]

Re: SEll your GOLD...NOW!!!!

I bought a little gas in gallons at mygallons.com as hedge. bought only little because it does not protect against non-availability of Oil or protect form any default of mygallons.
Also you don't need to pay tax since it is consumed gas.

ew. I remember that site getting hyped back in the 2008 gas hike, they seemed very poorly managed and stopped taking orders at the time.

[jpetr48]

Re: SEll your GOLD...NOW!!!!

Looking at buying some gold and diversifying into GTU.UN. Already have GTU. The GTU.UN is traded on TSE compared to GTU on NYSE. The shares trades are daily for GTU.UN < 25, 000. I called IR at Central Gold Trust to figure out why low volume. She pointed out 16M shares outstanding so it would not be difficult to exit GTU.UN.

I know we have a a good number here invested in GTU. Other than access to TSE, any other reasons why not GTU.UN over GTU?

Joe