IT's ALL GONE! (All of the bullion is Gone!)

[friendly_jacek]

Re: IT's ALL GONE! (All of the bullion is Gone!)

NO silver except 1000oz bars and no gold save for 400 oz bars at kitco.

Bullion direct, No Silver, No Platinum, No Palladium, Still some 1 oz coins.

Wow!

Yap, looks like margin called/failing/insolvent hedge funds liquidating PM on futures markets driving futures prices down. Same with oil and equities. This is a sign of deflation. At the same time public panics and wants PM for asset protection. Some people argue that physical PM is great during deflation and here is the proof.

[jtabeb]

Re: IT's ALL GONE! (All of the bullion is Gone!)

Gold dropt to $849 per troy oz to-day. DROPT. Like fell. Like went to the crapper. And Platinum is below $1000 per troy oz. Oil is in the upper $70s.

I keep telling you guys, this is a DE-flation. Like prices fall. Like crash city. Like: "Buddy, can you spare a dime?"

Anyone telling you about hyper-inflation is spinning, or else he is promoting for the gold mines, or promoting gold stoxx, or else trying to hang you with so-called rare coins.

And speaking of so-called rare coins: Be on the watch for anyone trying to sell you rare coins as a gold investment or as an inflation hedge.

If you want gold, buy GOLD--- the uglier, the better. Buy as near to gold content value (instrinsic worth) as possible. And if you want silver, buy as near to silver worth as possible.

And if Kitco is only too willing to ship you 1000 troy oz. bars of silver or kilo bars of gold, there is certainly NO shortage of precious metals at all------- which explains why precious metals are dropping.

For those of you sitting in the peanut gallery observing: gold dropt $62 per oz. to-day, October 10th, alone. Everything is dropping; this is DE-flation, not inflation.

Hopefully with this crash now, the "bubble days" in America are over for good. And hopefully this November, we get rid of the neo-cons in Washington who gave us this bubble economy and crash now.

SSteve, do us all a favor. Go BUY SOME PHYSICAL at that price, then we will talk, okay?

[jtabeb]

Re: IT's ALL GONE! (All of the bullion is Gone!)

Yap, looks like margin called/failing/insolvent hedge funds liquidating PM on futures markets driving futures prices down. Same with oil and equities. This is a sign of deflation. At the same time public panics and wants PM for asset protection. Some people argue that physical PM is great during deflation and here is the proof.

Actually Gold does best in a debt deflation (short of hyper-inflation, that is)

[Starving Steve]

Re: IT's ALL GONE! (All of the bullion is Gone!)

During the Depression, silver dropt to 32 CENTS per troy oz. This was when gold was re-valued to $35 per oz, so gold was worth over 100 times what silver was worth. Deflation can be a disaster for metal prices, especially metals that depend upon industrial demand.

Most of the demand for silver has vanished in recent years with the advent of digital photography and MRI scans, and what little demand for silver still remains is in the chemical industry. This modest industrial demand for silver is now decreasing due to the current worldwide economic panic. Meanwhile, silver is in over-supply due to the fact that silver is a zero-cost bi-product of copper mining, and copper mining has been at record high levels in recent years due to the record high price for copper.

These sad under-lying fundamentals for silver may improve in the future, but for now, the fundamentals could not be much worse. Only in an hyper-inflation could silver really do well as a speculation.

Why not take a 1000 oz bar of silver if you want to speculate? ( But don't drop the bar on your toes. )

[metalman]

Re: IT's ALL GONE! (All of the bullion is Gone!)

During the Depression, silver dropt to 32 CENTS per troy oz. This was when gold was re-valued to $35 per oz, so gold was worth over 100 times what silver was worth. Deflation can be a disaster for metal prices, especially metals that depend upon industrial demand.

Most of the demand for silver has vanished in recent years with the advent of digital photography and MRI scans, and what little demand for silver still remains is in the chemical industry. This modest industrial demand for silver is now decreasing due to the current worldwide economic panic. Meanwhile, silver is in over-supply due to the fact that silver is a zero-cost bi-product of copper mining, and copper mining has been at record high levels in recent years due to the record high price for copper.

These sad under-lying fundamentals for silver may improve in the future, but for now, the fundamentals could not be much worse. Only in an hyper-inflation could silver really do well as a speculation.

Why not take a 1000 oz bar of silver if you want to speculate? ( But don't drop the bar on your toes. )

what's the deal, old timer? you get wiped out in the early 1980s when volcker ramped rates to 20%? afraid it'll happen again?

in your dreams.

in case you hadn't noticed, inflation and interest rates in the usa are as low now as in argentina in 2000 or russia in 1991.

[jtabeb]

Re: IT's ALL GONE! (All of the bullion is Gone!)

During the Depression, silver dropt to 32 CENTS per troy oz. This was when gold was re-valued to $35 per oz, so gold was worth over 100 times what silver was worth. Deflation can be a disaster for metal prices, especially metals that depend upon industrial demand.

Most of the demand for silver has vanished in recent years with the advent of digital photography and MRI scans, and what little demand for silver still remains is in the chemical industry. This modest industrial demand for silver is now decreasing due to the current worldwide economic panic. Meanwhile, silver is in over-supply due to the fact that silver is a zero-cost bi-product of copper mining, and copper mining has been at record high levels in recent years due to the record high price for copper.

These sad under-lying fundamentals for silver may improve in the future, but for now, the fundamentals could not be much worse. Only in an hyper-inflation could silver really do well as a speculation.

Why not take a 1000 oz bar of silver if you want to speculate? ( But don't drop the bar on your toes. )

No thanks, the 35 100oz ounce bars that I have will do just fine. Maybe I could trade for 3.5 of those thousand ounce bars. What do you think?