Precious Metals New Thread 2.0

Syrian warplane shot down by US jet

Russia condemns US downing of Syrian warplane

US is doing everything to save the petrol dollar........
Don't think they want to tangle with russian jets...
They are trying to get russia to back off but russia can't unless they want to concede to the US and take the petrol dollar and have a US ran central bank...
We need to take over syria to attack Iran, Russia needs syria to run pipelines from Iran. We need Iran's oil for the petrol dollar, Saudi's are running dry...

Look for a test of air power between Russia an the US...

 

U.S. Moves Jets to Ease Syria Tensions Amid Russian Threat

 

Don't use stop loss orders when trading....

You have to set alarms and track the price yourself.
If you use stop loss orders, the big traders can see them and when an opportunity arises they will blow out the orders with massive selling or flash crashes.

So they just dumped 50 million digital oz on the market.
So this is a good time to buy the dip.
If they want to put silver on sale, I'm buying..
I'm getting to the top of my stack, but this is just free money.

I just keep taking advantage of these opportunities, by physical and put it away.
I only spend what I afford to hold till retirement.

PMs will out last the petrol dollar, we are on the 3rd dollar in 100 years and are at the end of this dollar.
Again just keep stacking..... This market sucks but when it hits it is going to be ridiculous and worth all this pain...

 

Bolivia Declares “Total Independence” From IMF, World Bank
These comments come as Bolivia begins its process of becoming a full member of the Mercosur, also called the Southern Common Market, which includes Argentina, Brazil, Paraguay, Uruguay, and Venezuela.

So silver sales are down for the first time in 10 years in the US... Trump is in every thing must be ok.
Confidence is up, stock market is up everything must be ok.

Last time I checked we are still spending like crazy, retail is down and the fed is still at danger levels, close to zero rates..
The patient is stable but not getting better...

PMs are on sale I'm still buying the dips, not as much because I'm topping out my stack..
But smart and conservative investing is still prudent.

Venezuela's stock market is soaring, up like 1000% but the value is down.
Will the market out inflate the falling dollar????
Will they pull a pump and dump on us, again???

Now we have the Mercosur and all of south america is pulling away from the dollar...
What do all these countries know that we don't???

We may still be 5 years a head of the curve but PMs are still the cheapest asset that you can buy and anyone can afford.
PMs investing can start for as little as few dollars and you can have something that has intrinsic value that will last long after you are gone...

Keep stacking......

 

I'm going to agree with this vid.
Be careful of deals that are too good.
We have seen this before, retailers going out of business and miners closing down....

You have to understand the market you are investing in..
and all PMs business are in trouble because the prices are being held down for so long and so hard..
With the Trump bump everyone thinks all our problems are behind us. Not true we have not fix one thing this last year and we are still in trouble.

1. So be careful of small retailers
2. make more smaller orders
3. buy miners with caution and be ready to sell
4. It may still be early to buy miners unless you are really patient

 

Keep stacking.

 

I have one or two coin shops that I have a sort of relationship with. I never have gone anywhere else. Got some great deals on gold and junk silver. I stay with those two. Flashy is fun but I'll stay with the business end.

 

Total silver ever mined is 39 billion oz but only around 2 billion remain....
Most of the silver was used up after 1980...





Gold Backed ETF going up



Scrap PMs are running lower.....



Silver production is falling

 

Gold backed Yuan oil contracts cuts out petrol dollar......
More countries moving away from the petrol dollar.....
All these distractions may be another hit to the petrol dollar they are trying to hide....
http://www.globalresearch.ca/tradin...o-yuan-market-threatens-the-us-dollar/5608136
China is now suggesting THEY will be the ones to trade oil and not use the dollar for settlement. Instead, settlement will be in yuan. But why now?

I believe for one of two reasons or more likely both. First, and as we have recently spoken about, it very well may be that the US military technology has been cracked or leap frogged. It is looking like a distinct possibility and if so, China/Russia now have less fear of U.S. military “retribution”.

The other possibility pertains to gold. We have no way of knowing whether or not the “bottom of the barrel” as far as gold reserves is in sight but we can have a pretty good idea.

Physical demand for gold has exceeded mine supply by some 1,500 tons for the last 20 years, “Scrap” supply can not have made up the shortfall. The only place the gold to supply for delivery can have come from are Western (think Ft. Knox) vaults. If the Chinese know their “supplier” of gold is at or near zero, this could also explain “why now”. My bet is both, military technology AND lack of gold supply are at work here.

 

So, it has been disclosed that China does not have 1 billion tons of gold (as originally thought), but 12 billion. Crazy. The US is holding around 8 billion tons. The #2 economy in the world has 50% more gold than us, and they continue to add to their position. This will end up being very bad for the US fiat dollar.

 

Yeah if the US even has the 8 thousand(not million) tons that they claim, yeah the PMs are shift east and so is the wealth...

I think once the rest of the world drops the dollar we will be land locked because no one will want to do business with us and/or imports will be crazy expensive..

But little by little the world is moving away from the dollar...

 

Yea, typo. Meant 8 thousand tons.

 

Now Saudi Arabia has meet with Russia for the first time.....
When they start taking other forms of payment for oil that will kill the petrol dollar...

 

This is why we are stacking PMs to protect our self from the dying fiat currencies...
http://www.businessinsider.com/deutsche-bank-end-of-fiat-money-2017-11?r=UK&IR=T
DEUTSCHE BANK: We may be looking at 'the start of the end of fiat money'

• Deutsche Bank's Jim Reid contends that the fiat currency system "is inherently unstable and prone to high inflation."
• China's rapid economic emergence in the 1970s, and an explosion in the global working-age population, has allowed inflation to be controlled externally, but that period is coming to an end.
• What could replace fiat currency is yet to be determined.

You can find stuff like this all the time, fiat currencies only last so long and everyone should be aware of that and prepare, Just like if you see a storm coming, it's not raining yet but you know it will.

Long time away....
Still have my PMs stashed away... Don't know how many more I'll get, I have a good stack now..
Put on my new roof all paid, paying off her car this month and finishing some home projects that I'm doing myself...
Over all really conservative game plan.
For digital investment I say, just get what you know and is making money. Cut the loosers and don't look back...
Keep PMs investing physical, it's the best way and short term return doesn't matter, insurance/investment..

I would keep a close eye on digital investments for next month, but the Trump bump is still going strong for certain stocks, I missed out but I'm still focused on other things right now... At these prices Stocks are something that you have to watch carefully..
PMs are so low you just keep buying and putting away....

 

https://srsroccoreport.com/the-frag...nt-massive-capital-expenditures-rising-costs/

THE FRAGILE GOLD INDUSTRY: Gigantic Equipment, Massive Capital Expenditures & Rising Costs



https://srsroccoreport.com/forget-s...is-will-push-the-silver-price-up-much-higher/
A different perspective....
Of the three key factors above, the third one (the UNKNOWN Disintegrating Energy Industry) will impact the future value of the silver the most. However, most of the individuals in the precious metals community are still unaware of how energy will affect the silver price and market in the future. Instead, many in the Alternative Media continue to focus the silver market in regards to the economic and financial industry.

I will be putting out some articles shortly showing just how bad the situation in the U.S. and Global Oil industry has become. When the U.S. and Global Oil Industry really starts to disintegrate, it will destroy the value of most Stocks, Bonds and Real Estate. Thus, the precious metals, especially silver…. will experience a price rise never witnessed before in history.

 

DEATH OF THE U.S. DOLLAR RESERVE CURRENCY… Picking Up Speed

POSTED BY SRSROCCO IN ECONOMY, ENERGY, NEWS, PRECIOUS METALS ON AUGUST 29, 2017 — 50 COMMENTS
The Death of the U.S. Dollar as the world’s reserve currency will have a profoundly negative impact on the lives of most Americans. Unfortunately, 99% of the population has no clue. The only reason 1% of U.S. citizens understand what is going on, is because the Mainstream media and financial networks have distorted the truth and the reality of our present situation.

The U.S. Dollar As The World’s Reserve Currency Is Under Serious Pressure
According to Clive Maund’s article, DOLLAR update as LOSS OF RESERVE CURRENCY STATUS LOOMS... if the U.S. Dollar breaches its support level, then it could go into freefall:



While I don’t pay a lot of attention to technical analysis, many traders do. Clive Maund states in his article that the U.S. Dollar is due for a bounce because it is oversold. But, once the bounce is over, we could see the Dollar decline considerably as the U.S. Government has to deal with the debt ceiling issue.

When the U.S. Dollar is no longer the reserve currency of the world, Americans will be forced to live on a lot less. We won’t be able to exchange worthless U.S. Treasury paper for oil, metals, commodities, goods or services anymore. We will need to trade GOODS for GOODS, not PAPER for GOODS.

We still import 6-7 million barrels per oil per day to run our economy. We provide ious for a lot of that oil. Last year, the U.S. trade deficit was $502 billion. A portion of that trade deficit was for oil. Without the 6-7 million barrels per day of oil we import, our economy would shrink by one-third for starters.

The only way the U.S. economy can continue moving along is via the U.S. Dollar being the world’s reserve currency. When the U.S. Dollar is no longer the world’s reserve currency, it will be difficult to pay for oil with worthless U.S. Treasuries. Of course, the Fed and U.S. Treasury may speed up the printing press to make up for our ongoing trade deficits, but that would likely erode the value of the Dollar.

The Death of the U.S. Dollar will be the end of America as we know it. Unfortunately, a tiny percentage of those in the Alternative Media Community realize this, while 99% are completely oblivious.

 

Good thing I still have all this Confederate money

 

https://srsroccoreport.com/something-big-bad-and-ugly-is-taking-place-in-the-u-s-retirement-market/
Something Big, Bad And Ugly Is Taking Place In The U.S. Retirement Market
Regretably, Americans have no idea that their monthly retirement contributions are not being saved or stored in a nice gold vault, rather they are being used to pay the lucky slobs who retired before them Now, when I say SLOBS or POOR SLOBS, I am not being derogatory. However, I am using the word as a Wall Street Banker would label those they prey upon.

Regardless, as the U.S. Retirement Market continued higher over the past several years, the amount of net contributions have gone into negative territory. As I have mentioned before, this is a beginning sign of a Ponzi Scheme in its last stages. In my previous article, WARNING: U.S. Ponzi Retirement Market In Big Trouble, Protect With Precious Metals, I posted the following chart:



As we can see in the chart, the Private Defined Contribution (DC) Plans paid out $28.7 billion more than they took in in 2014…. the last year the Investment Company Institute provided data. Simply, Private DC Plans are mostly 401K’s. If we look up at the first chart with the colorful breakdown in the different U.S. Retirement Plans, DC Plans (mostly 401K’s shown in YELLOW) were valued at $7.3 trillion.

To see U.S. DC plans now paying out more than they receive is certainly bad news… but it isn’t as bad as what is taking place in the U.S. DB – Defined Benefit Plan market. A Defined Benefit Plan is where an employer pays the employee a specific pension payment, based on the employees earning history.

If we look at the U.S. Private DC Plan chart below, we can plainly see what a serious mess it is in:

 

That defined contribution plan chart might be a little misleading. A lot of people roll their work 401k into an IRA when they retire. Some by choice, some are required to. Unless that chart is counting IRAs as well, but IRA's aren't a defined contribution vessel, they are a self funded one.

That defined benefit chart is kind of scary. I had a buddy that had an option of a defined benefit or defined contribution plan at work. I lobbied hard for the defined contribution because you know the money is there, and you know it is yours. Defined benefit plans aren't worth a shit if they don't have any money to pay you with. He went with defined benefit of course.

 

That's a good point, people change jobs a lot and roll their 401K... That could have been an unforeseen problem...
The main point is unless it's in your account the money is running out. Out flow are greater than inflows. That includes public workers, I think they will be hit the hardest because all of these cities are running out of money... Chicago may be next...
All these retirement plans have turned into ponzi schemes because of mismanagement, fraud and ZIRP.
Another 5 or 10 years I think a lot of people are going to be in trouble who have worked very hard and won't get their money.