Precious metals

I like the guy but the stuff is crazy priced... APMEX has some normal price ones but I would start with eagles and maples.....

Each coin has a different meaning.....

 

I see more up side for palladium...... If diesel sales go down gas sales go up and they will need more palladium.....

Or a good correction for Platinum, because platinum was down before the VW news...

Article From The Growth Wire
Earlier this week, the world's largest automaker admitted that it had been lying about how environmentally friendly some of its cars are.

Platinum is one of the densest and heaviest precious metals. It's stable at high temperatures… It is resistant to corrosion… And it's the primary metal used in catalytic converters in diesel engines.

Catalytic converters reduce the amount of pollution emitted by diesel-powered cars. When they work correctly, they convert harmful chemicals in vehicle exhausts into harmless gases like steam and carbon dioxide.

That's what the converters in Volkswagen's diesel-powered cars were supposed to be doing.

Now that the truth has come out about Volkswagen's converters, many folks are worried that demand for diesel vehicles is going to drop.

Demand for diesel has already been slowing in the U.S. Energy-consulting firm PIRA Energy Group released a study in September 2014 that said it expects diesel demand in the U.S. to decrease gradually after 2016. It expects total demand to fall from a near-term peak of about 4 million barrels per day today to 3.5 million barrels per day by 2030.

We could see demand slow even further after the recent scandal. Less demand for diesel cars means less demand for catalytic converters… and less demand for platinum. Autocatalysts consume nearly half of all newly mined platinum.

These fears have caused the platinum price to drop. From last Friday (when the U.S. Environmental Protection Agency announced its allegations of Volkswagen cheating on emissions tests) to Wednesday, the price of platinum fell around 5%. It's now trading at a six-year low. The last time platinum traded at these levels was during the 2008-2009 financial crisis.

 

Why I'm Thrilled Stocks Are Crashing
By Dan Ferris, editor, Extreme Value
Wednesday, September 23, 2015
I'm praying for another couple of months like August in the stock market.

The S&P 500 fell 6% from August 17 to August 31 – dropping as much as 11% at the bottom. August 24 was the best day for rational investors, with all the big stock indexes down 4% in a single trading session.

One colleague forwarded me a news article saying that the culprits on August 24 were big, computerized stock-trading firms all selling at once.

When markets fall a little, those big computers are programmed to sell a lot. Every now and then, all the computer-driven traders find themselves doing the same thing. And the mass selling creates days like August 24.

Or so they tell me. Who knows what those money-managing computer geniuses are really up to. But if the article is right, I pray they don't change what they're doing…


According to Dominique Dassault of GlobalSlant, all these computer models will blow up one day.

In her June 19 blog post, Dassault wrote (emphasis added)…
While in Greenwich Ct. one afternoon, I will never forget a conversation I had with a leading quantitative portfolio manager… The real challenge, for him, was to "sniff out" the degrading model prior to its inevitable "BLOW UP". And I quote his humble, resolute observation: "because, you know, eventually they ALL blow up"…

The "degrading model" refers to the computer models used by sophisticated (but blow-up-able) trading firms. With any luck, those firms will do business as usual for another couple months, and stocks will fall even more.

You see, when know-nothings – sophisticated and otherwise – blow themselves up, it's great for you and me. Forced selling unrelated to fundamental value is one of the all-time great setups for big returns in publicly traded securities. That's what happened on August 24 (or so we're told).

Remember, no matter how much trading is done by computers, stocks aren't lottery tickets. They're fractional ownership interests in real businesses, run by real people.

As far as I'm concerned… cry havoc, and let slip the blowups!

Falling markets are good because they make stocks cheap enough to recommend buying.

If the computer models (or whoever) keep selling and the S&P 500 falls 20% from its May 20 high (2,132), the words "bear market" and "volatility" will be published online dozens of times per hour and repeated 100 times a day by every talking head on CNBC and Fox Business News.

This will make many great businesses trade for cheaper prices – which, as regular readers know, is the strategy we use in Extreme Value.

Bottom line: Don't be afraid of the stock market. Be ready to exploit it when everyone else is acting irrationally.

Good investing,

Dan Ferris

 

Computerized investing has long been criticized. It creates its own trends.

 

• To sum it up, Jim Rickards was a on Wall ST. for 35 years as a LAWYER and now he's a writer and talks out of his ass to sell books. Period.

 

What's your point? You really want to compare today's complex economic system including global trade with the Romans? I don't think so.

 

And I'll play, what was his Bloomberg call?

 

Either way this is only good for palladium, platinum is not getting the job done so they will need more palladium.....

 

Add a 0........... So much money has been printed that the gold price would have to go up 50 times....

To have a gold std..........

Learning about the past will teach us about the future........... Every fiat currency has failed because all govs abuse it just like ours......
Just like Peter Schiff said they are now caught in a trick bag and don't like any of the options.... Increase taxes, stop the wars and cut spending are the only ways out and they don't like any of them.... So we are stuck at 0% rates and the debt is still going up.......

 

So you agree that Rickards is bat shit crazy or feel that gold will go up 50X?

 

To have a gold std it has to...........

No one knows how much.........

But gold is going up a ton ......... and silver will be about 1/10 or 1/15 of that..... and Palladium will take off either way just not as much...

 

Maybe, but we are not going back to the gold standard.

 

I don't think we can, I but China is set up to have a gold std and they will push for gold back currencies for trade....

 

There is no way in hell China pushes for gold backed currencies as a net exporter.

 

You can beleive what you want, as I will. Paul Craig Roberts, who used to work for the Fed, agrees with what Rickards thinks.

Also, he has been right about many market crashes, including the one in 2008. Rickards was also a major intellect that the gov't and fed listened to during the 2008 crash.

His books are simply trying to give people information of the current situation. You have not read his books, so your opionion about is books is invalid. He was right about Currency Wars, and what he mentions about the Death of Money is also based on facts and is a real possibility.

 

I had no opinion of the content and material in his books, I simply said he's a fear-monger just to sell his books. Not a single one of his predictions have come to fruition. Because you are interviewed by congress or the CIA does not make one an expert. Let's not forget that the likes of Stephen Colbert, Ben Afflect as well as many other actors and musicians who've testified before congress.

The point is he is no more qualified to call the death of money then you or I.

I challenge you to find one prediction that he has made that has come true, obviously the call for $5,000 an ounce gold based on 8th grade math hasn't quite worked out yet and that was a call he made several years ago. I get being wrong on a call but he was pretty much certain and I know this because I passed the 8th grade.

 

Awwwwww silver is down again with a weak stock market, looks like we're back to memes....

 

not as much as the market...........

That's why I keep saying now is the time to buy physical PMs because all stock move the same direction, just like the vid I posted..... Overall all stocks move together up or down just some move slower or faster... Physical PMs have their own price separate from the market.

Because PMs stocks are down so far they can still go down just not as much as other stocks... But I keep saying now is the time for physical assets and every billionaire is buying physical assets right now.......

 

now they are trying to give us a warning....
http://money.cnn.com/2015/09/28/investing/carl-icahn-stock-market-bubble/

They want to on the record calling this crash before it gets worse.......

Wow, Carl Icahn must follow my post because he's saying the same things I am......