tag:blogger.com,1999:blog-7982981413278241287.post2530088071399489303..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Demand For Physical Possession Of Gold Is Driving The Price Of GoldDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7982981413278241287.post-79734448819880970762009-10-13T20:11:05.424-06:002009-10-13T20:11:05.424-06:00The dollar is getting smoked right now. 75.63.
S...The dollar is getting smoked right now. 75.63.<br /><br />So much for the "controlled, orderly" decline. We may be in for a real cliff dive...Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-5672635672094435692009-10-13T19:08:18.520-06:002009-10-13T19:08:18.520-06:00Dave,
That is amazing that you have that kind of a...Dave,<br />That is amazing that you have that kind of access!<br /><br />The story seems solid to me. I love it that people are buying gold with cash (no trail as you said). Things are heating up.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-36506189797559579872009-10-13T18:46:38.668-06:002009-10-13T18:46:38.668-06:00Ya that story is bona fide. Rob Kirby is the sourc...Ya that story is bona fide. Rob Kirby is the source and he reported it in Midas last week (www.lemetropolecafe.com) and I exchanged some emails with him asking about the credibility of his source. He said his source is 100% bona fide and someone who is in a position to know what was going. <br /><br />There is a rapidly growing understanding of the necessity to have control over one's physical gold and silver and it's affecting the paper frauds out there.<br /><br />I just spoke to a local bullion trader who told me that his business has really spiked in a big way over the past week and his buyers are wealthy locals who are coming out of the woodwork and who want to buy a lot of bullion privately, with cash, no paper trail and they want physical possession of everything they buy. He also told me one of his big suppliers of bullion coins is running out of inventory.<br /><br />One of his buyers told him that he thinks the U.S. has at most 6-8 months before it collapses.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-76468022905695642462009-10-13T16:08:03.275-06:002009-10-13T16:08:03.275-06:00Dave,
caught this from someplace today, but detail...Dave,<br />caught this from someplace today, but details possible problems with physical delivery as of late:<br />http://www.libertygrotto.com/blog/?p=1560<br /><br />Cannot vouch for the source, but it makes plenty of sense.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-23428820295641387132009-10-13T10:33:21.154-06:002009-10-13T10:33:21.154-06:00Hal, I worked as a trader on junk bond desk in the...Hal, I worked as a trader on junk bond desk in the 1990's. I've seen how corrupt Wall Street is, especially w/regard to hiding derivatives and fraudulent mark to market. It is 100x worse now.<br /><br />Both Wall Street and DC are much more corrupt than any of us realizes, including those of us who participated in the corruption first-hand.<br /><br />Take what we know to be the truth, and compound it by several multiples and that's how fraudulent the whole system is.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-65549046182979620812009-10-13T09:29:06.681-06:002009-10-13T09:29:06.681-06:00Turk definitely has some valid points.
You're...Turk definitely has some valid points.<br /><br />You're point on the risks cash in a bank today is pretty valid too. We really have come to an amazing point economically as a nation. I don't think we are anywhere close to out of the danger zone as some in DC would have us believe.Hal (GT)http://www.learcapital.com/exactpricenoreply@blogger.com