Going 100% in precious metals and dropping out of the system. (buying, financial)

[slackjaw]

Originally Posted by treasurekidd

I'm going all in on lead. Put me down for a few tons.

Hah hah rookie. I've gone all in on thulium.

[Retroit]

I'm sticking with the Dutch tulip bulbs.

[shaker281]

Some of these fellows need to go all in on Lithium!

[shaker281]

Originally Posted by Retroit

I'm sticking with the Dutch tulip bulbs.

When the economy collapses in Amsterdam you'll be able to buy all the weed you need to stay afloat!

[Snowball7]

All the platinum ever mined throughout history would fill a basement of less than 25 cubic feet.

PLATINUM: THE RICH MAN'S GOLD

[Retroit]

Originally Posted by shaker281

When the economy collapses in Amsterdam you'll be able to buy all the weed you need to stay afloat!

Does this mean I wasted my time turning my basement into a greenhouse?

[Snowball7]

I was just speaking to a Chinese diplomat and I said to their diplomat, ‘Your two most important commodities are water and gold.’ And this diplomat said to me, ‘Yes, we need gold to back up the yuan.’ Well this diplomat realized very quickly they had made a terrible mistake in admitting that and began to back off and stated, ‘No, it’s not to back the yuan. It’s because of jewelry.’ But it was too late, the horse had left the barn so-to-speak.

So the Chinese get this in spades. The only way for them to become the world’s powerhouse and continue accumulating materials in the resource war is if they have a currency that’s backed up by gold or they have the actual physical gold itself.

The bottom line here is that when I see gold engaged in one of these drops I know it doesn’t make any sense. The Chinese let the price of gold dip because they are smart buyers and we are playing into their hands with this ridiculous manipulation.

This game of manipulation we are engaged in with the gold market is going to stop sooner rather than later. Time is running out on these schemes and when it does stop and when they lose control, you had better be positioned in gold because this will be a bull market to end all bull markets.”

My Blog

[Bideshi]

Silver's a buy today at $29...

[shaker281]

Originally Posted by Snowball7

I was just speaking to a Chinese diplomat and I said to their diplomat, ‘Your two most important commodities are water and gold.’ And this diplomat said to me, ‘Yes, we need gold to back up the yuan.’ Well this diplomat realized very quickly they had made a terrible mistake in admitting that and began to back off and stated, ‘No, it’s not to back the yuan. It’s because of jewelry.’ But it was too late, the horse had left the barn so-to-speak.

So the Chinese get this in spades. The only way for them to become the world’s powerhouse and continue accumulating materials in the resource war is if they have a currency that’s backed up by gold or they have the actual physical gold itself.

The bottom line here is that when I see gold engaged in one of these drops I know it doesn’t make any sense. The Chinese let the price of gold dip because they are smart buyers and we are playing into their hands with this ridiculous manipulation.

This game of manipulation we are engaged in with the gold market is going to stop sooner rather than later. Time is running out on these schemes and when it does stop and when they lose control, you had better be positioned in gold because this will be a bull market to end all bull markets.”

My Blog

Gold will continue to do well, as will all commodities that are in demand. It is not magical or mystical however. And if the "Chinese diplomat" in the yarn is so clever and ahead of the curve, why did he trip himself up so readily. Hardly inscrutable. How much faith would you put in something a US diplomat said?

Maybe Mr Leeb is looking to sell some books on the basis of paranoia. That Ph.D in Psychology has served him well.

[jtur88]

I hope the OP didn't buy gold at 1712 the day he posted this thread. It dropped into the 1630s yesterday, for a 5% loss in a little over a week.