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overtheedge - 6/29/2015 at 5:57 PM GMT
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 The Ultimate Confirmation  (4)
 - Theodore Butler - Butler Research
It would appear that we share the same conclusion.
A few sealed cans of kerosene might be handy as well.
Thumbs up sir.
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Answer To :S W. - 6/29/2015 at 11:06 AM GMT
My main sentiment here is why swap dollars for gold or silver only to sell at some later date for more dollars when that same paper is continually being devalued.
Both these PM's will go no offer one day and then we will all see their true value.
Roygbiv - 7/2/2015 at 8:43 PM GMT
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 One more book, Mr. Stockman
 - George F. Smith - Barbarous Relic
You determine what is true ?
"Gold coins are too valuable for everyday use."
Dear 4779 I don't like your pretentiousness. "people will continue... etc"
You are above "people'? 
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Answer To :user4779 - 7/2/2015 at 11:02 AM GMT
While it is true that "[Gold standards] were abused, suspended, and ultimately abandoned in favor of a currency that central banks could inflate at will", it's worth recalling that the British gold standard, introduced (unofficially) in 1717, survived almost 200 years, until the catastrophic losses of the first world war induced the British government to suspend and ultimately renege on it. In that period, we had all the convenience of banknotes which were "as good as gold". Gold coins are of limited practicality as currency, because they are subject to wear, easily dented or bent, and too valuable for everyday transactions. People will continue to use fiat currency, in its electronic and paper forms, because of its great convenience, despite its inflationary abuse b...
prljr - 6/12/2015 at 10:17 AM GMT
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 Cover Girl  (17)
 - James Howard Kunstler - 
The media calls this 65 year old whore (as in media whore) brave? WTF! Medal of honor recipients should feel slighted just a bit.  
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Marvin Clarke - 6/19/2015 at 2:08 PM GMT
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 Gold and silver currency - World Gold Production Statistics by Country
 - Our Forums - 
What's better, to buy or to sell gold? (Global InterGold market review)

Hi there!

Guys, gold is going to skyrocket very soon! At least, there is info about it. If analyses by Goldcorp Inc and finance analyst, Peter Schiff, are true, in Africa there's going to be a massive strike of gold diggers. This will turn everything upside down! So, to buy or not?
Proof: Global Intergold reviews of gold market (link: 
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user4779 - 6/30/2015 at 6:48 PM GMT
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 The Gold Standard: Generator & Protector Of Jobs  (12)
 - Hugo Salinas Price -
Is it really so bad for Americans that they do not spend their lives labouring on a production line to make mass-produced goods, and have left this task to the Chinese? Do you envy those Chinese workers? Not me! And surely it is good that (what is now) 2 billion people (who happen to be Asians) have escaped from grinding poverty, albeit not all into wealth by Western standards. Free trade has been of immense benefit to the world.

The issue of the basis of money is orthogonal to that of free trade. I'm sure that the Chinese would be delighted to work in Western-financed factories if they were paid in gold or silver rather than fiat. And perhaps (I believe probably) the global economy would have grown faster than it did if the currencies were based on metal.  
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dennyc - 6/16/2015 at 12:57 AM GMT
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 Enter Jeb and Hil  (10)
 - James Howard Kunstler - 
Never thought, ever, that I would look back at Nixon and wish he was running for Grifter-in-Chief. Jeb Bush, really? Hillary Clinton, more really? The old adage saying that whenever a candidate desperately wants whatever position they are aiming for they should not, definitely NOT be selected, elected, chosen, appointed much less considered. The fact that we are simply causing as much trouble as we possibly can for the Russians, Chinese, Iranians, etc instead of seeking business opportunities and building commercial relationships proves conclusively that capitalism in the USA is a dead dog and the last consideration of the two aforementioned morons. What are their main concerns? I don't know and I certainly can't discern anything in the haze of the billowing clouds o... 
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DRGEORGE - 7/3/2015 at 12:34 AM GMT
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 Man Grabbed, Crushed to Death By Factory Robot: “This is Just the Start… Machines Will Take Over Our Lives”
 - Mac Slavo - ShtfPlan
The spirit of Ned Ludd lives on...won't this free people from boring, repetitive, hard labour to pursue interesting, creative and healthy recreation? Human ingenuity made the machines and will find ways to continue to add value to their and others lives. 
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schoolserpent - 6/23/2015 at 8:30 AM GMT
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 Gold and Silver money - What's better, to buy or to sell gold? (Global InterGold market review)  (4)
 - Our Forums - 
Currently gold market is down and prices has reduced drastically. During the period of 2001 to 2011, the prices has soared by almost 600%. But, despite the decline in prices, the demand for gold is still very strong. So, the prices are definitely gonna surge up in the future. So, better to buy it at low so that you can sell it when gets high. 
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sneezy67 - 6/20/2015 at 4:13 AM GMT
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 Koans to Reflect Upon
 - Peter McKenzie-Brown - Language Instinct
Might as well have something to giggle and snort about in this age of financial turmoil. 
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Robert B. - 6/24/2015 at 4:53 AM GMT
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 The Twilight of Cash?  (3)
 - Andy Sutton - 
Thank you for the cajones to call fiat currency what it is....counterfeit. The only difference in that wallpaper issued by the Treasury and someones printer is a license. Of course we both know that the real reason that Mordor on the Potomac wants to eliminate cash is to destroy that underground economy. Lengthy article but it is now available on Pinterest for those interested in something other than Keynsian pablum. 
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overtheedge - 6/16/2015 at 6:21 PM GMT
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 Gold Bullion Worth $1 Billion To Be “Repatriated” From NY Fed To New Texas Bullion Depository
 - Mark O'Byrne -
The Federal government claims supremacy over the states. This got its main arguments from the outcome of the Civil War.
The rights supposedly guaranteed by the first 10 amendments to the Constitution are routinely violated.
It has been a long tradition of the US Supreme Court to avoid at all costs making any rulings on Constitutionality.
Imagine the legal messes rulings on Constitutionality would have. Myriads of laws gone bad, retrials, perhaps even emptying jails.

#1 Texas hasn't a depository as yet.
#2 Texas hasn't taken delivery. Can we spell re-hypothecated? How about a Federal Injunction?
#3 The US beat the Confederacy once already. Could Texas count on South Carolina, Georgia or Arkansas to help? Missouri, maybe.
#4 ... 
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Scott M - 6/18/2015 at 5:34 AM GMT
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 Why the Fed Is Afraid To Raise Interest Rates
 - Michael Pento - Delta Global Advisors
I agree with Michael on his analysis, but there was no mention of the impact. The FED only controls the overnight lending rate, and interest rates on all longer dated bonds are set by market forces (except when the FED engages in QE). So, rates on the 10-year treasury, for example will rise back to historical norms at some point in time. Lehman Brothers was worth $691 billion and would have collapsed the entire global economy if the government did not bailout the banks. Given the much larger numbers in terms of debt now coupled with the fact that the FED already has a bloated balance sheet, what will the outcome be when the "next Lehman Brothers" collapses? It is hard to imagine that the monetary system can survive the next crisis. 
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user4779 - 6/17/2015 at 1:58 PM GMT
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 Co-O Mine Production Guidance FY 2015-2016
 - 24hGold - Noodls
According to the standing information above, Medusa is listed in Australia, Canada, Germany, and the United Kingdom. This is years out of date. Medusa is listed only in Australia. 
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Doom - 6/26/2015 at 2:33 AM GMT
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 Americans Have No Idea that the United States is on the Brink  (3)
 - Chris Vermeulen - GoldandOilGuy
Um, is there a parapgraph or two missing here? 
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ranbotrader - 6/27/2015 at 12:55 AM GMT
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 Extreme Gold/Silver Shorting  (3)
 - Adam Hamilton - Zealllc
Large American futures traders have a lot to answer for. Gold is but one of the commodities whose real value they distort as they plunder the economies of entire smaller nations. The fact that the intended end game is to divert money needed by other nations into the domestic American economy may be legal, but how this is done is disgraceful and this should not be legal.

Greece? The choice: cave in and throw good money after bad or cut this lazy country adrift. Having been in Greece recently for a 1 month stay recently I can see that the only way to fix this Greek tragedy is to not give the country any more money to squander on lifestyle, corruption at the top and laziness all of which Greeks expect the rest of the world to subsidise.

Gold and... 
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S W. - 6/24/2015 at 8:31 AM GMT
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 History in Free Verse  (6)
 - James Howard Kunstler - 
It appears to me that, sadly, the USA is headed to third world status.
After all, it is doing all the things that 3rd world countries do.
And I doubt very much that China will head that way.
They are running the shop. 
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overtheedge - 6/29/2015 at 10:07 PM GMT
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 The euro crisis
 - Alasdair Macleod - Finance and Eco.
"There is no immediate benefit from debating why."
Debate? That would be like debating whether or not gravity exists.
You stated the obvious why, so debate is unnecessary.

"This week should see the dollar strong against the euro and the euro price of gold can be expected to rise. "
Maybe and probably.
Keep in mind the US financial system's exposure to the Euro.
Counter-party risk is usually a hidden feature and documentation can be quite sparse.

I keep hearing that Bobby McFarrin song, "Don't worry, be happy" playing in the background.
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Gypsy - 6/29/2015 at 5:23 PM GMT
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 Systemic Turmoil, Structural Reform  (10)
 - James Howard Kunstler - 
James; on the Bright Side we won't be changing our clocks twice a year AND the Predatory (In)Justice System will collapse. Once Law-MAKING is back in OUR hands: Divorce will start at Joint Custody, the County Clerk's & Sheriff's Departments will END their double-dipping pay ~ from taxpayers and then again from the prisoners ~ and carrying a gun will become mandatory ! ! 
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overtheedge - 6/30/2015 at 9:23 PM GMT
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 Panicked Hedge Funds Now Praying for a Miracle in Greece
 - Wolf Richter - 
"... and the silly game theory ..."

Obviously you have no knowledge of game theory and its applications. Otherwise you wouldn't have used the above term.
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end - 7/3/2015 at 9:58 AM GMT
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 Greece’s referendum
 - Alasdair Macleod - Finance and Eco.
"History may judge him instead to have played a poor hand very well indeed."

I'm quite sure both Macleod and Varoufakis will be quite disappointed on Monday, and I'll happily nominate Greek nation here

This thing cannot be stopped by any European or Western nation. They are all more the problem than the solution.
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sneezy67 - 7/4/2015 at 12:15 AM GMT
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 Elizabeth Warren: The 14 Trillion Dollar Scam and the Unfinished Business of Financial Reform
 - Jesse - Le Cafe Américain
Good ideas...good information....but somewhat behind the curve...the water has already gone under the bridge. 
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glasstiger - 7/2/2015 at 6:08 PM GMT
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 Gold Daily and Silver Weekly Charts - Non-Farm Payrolls Tomorrow -
 - Jesse - Le Cafe Américain
Jesse, you use the term "could care less" frequently.
Is this American speak for "couldn't care less"?
Similar I suppose to the ubiquitous US double negative.

Your articles are terrific. Honest and true. 
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overtheedge - 7/3/2015 at 7:49 PM GMT
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 Max Keiser Interviews GoldCore’s Mark O’Byrne
 - Mark O'Byrne -
"The IMF said that Greece requires additional bailout funds of around 50 billion euros until 2018 under the current bailout conditions, and slashed its Greek growth prospects for 2015 to zero from 2.5 percent."

This is the one item that should that should cause your bowels to cut loose.
The people have no money, they are limited on withdrawals (past productivity).
By the same token, business funds are limited.
And the IMF states no growth, but somehow the Greek economy will break even for the year?
Obviously the Greeks need to severely limit themselves on the critical consumables such as food, water and medicine.

If there is no money, there can be no production.
No production, nothing to sell, ergo no income.
Perhaps the IMF... 
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neville - 7/4/2015 at 8:08 AM GMT
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 Fed's Full Normalization
 - Adam Hamilton - Zealllc
The fed's full normalisation......NOT in your lifetime Adam.This is an out and out case of the Corruptor becomming the the CORRUPTED.......The fed is run on pure and
simple MAFIA lines.....PERIOD. They are NOT clever as you make them out to be ....since when did any criminal organisation achieve respectability???????????????
Answer to that maybe found in the chicannery that has gone on via the fed and their corrupted counterparts which are the worlds other central banks.....they bailed the crooked and fraudulent banks and other financial institutions out and this is where they gained their so-called respectability NOT from the honest man in the street.

The fed IS headed for massive disaster sans doubt and this will either end up before a Grand Jury ... 
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Rick G. - 6/15/2015 at 9:05 PM GMT
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 Financial System “Will Implode” … “Hold Precious Metals” – Faber
 - Mark O'Byrne -
I don't think QE ever ended....Where are the BLIC's getting the money to buy all that US debt?  
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M. - 6/18/2015 at 1:04 PM GMT
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 The Single Most Important Chart of the Last Century
 - Phoenix Capital - Gains Pains & Capital
Maybe, but a bit simplistic. I think there are other forces at play here. 
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overtheedge - 6/15/2015 at 6:34 PM GMT
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 Bond Bombshell...  (3)
 - Clive Maund - 
"All this looks set to happen with a rapidity that will surprise many people and catch them off guard, particularly those who complacently assume that the long uptrend in many stockmarkets is set to continue forever. "

"Our tactics therefore involve 2 main planks - cash: the US dollar, and bear ETFs, in bonds on any bounce and in stocks immediately. "

"We hold off buying the Precious Metals sector until this last takedown has run its course, which will likely see gold drop to the $850 - $1000 area and silver to about $10."
Let's see. Rapidity, bear ETFs and wait until after the last PM take-down runs its course.
What could go wrong?
The bear ETFs have me a mite concerned.
Paid with what and worth what?

It see... 
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neville - 6/12/2015 at 3:14 PM GMT
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 The fallacies of GDP
 - Alasdair Macleod - Finance and Eco.
Hello Ali Baba, You bring up a good point .....Now is some more food for thought.....None of the others in that catagory are of any consequence
to me and they are PPI ,CPI,M1,M2 etc as they are subject to S.I.S.O. .........All of the contributors to the make up of this economic data are all
full of lies ....So what good is there in looking at them.Mark Carney and his cronies in the UK fudge those figures so good and solid that they came up with ZERO
INFLATION ....taking things from the rediculous to the sublime  
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Marvin Clarke - 6/11/2015 at 12:08 PM GMT
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 Announcement - Gold lens in Global InterGold
 - Our Forums - 
Hey there!

I was looking for information on new stuff and found this piece of news in Global InterGold about golden contact lens. Who on earth could come up with this pretty cool idea? I'd like to share this article for who haven't heard of it!
Check some photos: 
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user4779 - 6/12/2015 at 9:56 PM GMT
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 Gold Seasonals Bottoming
 - Adam Hamilton - Zealllc
Thank you, Adam, for another interesting and informative article. The pattern of price movements would show up best if the data were detrended (by the annual rate of ca. 12%) and the year started in late February (about the average start of the Chinese new year). That would show a year of two halves: A drop of about 10% from late February to late July, and a balancing rise from late July to late February. It would be nice to do the statistics also for the 43-year period from 1972 to 2015. The Chinese influence would be diluted, but the seasonal pattern of other countries should show up the same. (Prior to 1972, the gold-to-dollar ratio was fixed, somewhat erratically, albeit being maintained after 1945 only by selling off an average of about 500 tonnes of the US gold... 
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