Yw Joel… yes without a doubt it is a no brainer! let’s see… refinance at wut 5%? silver has gone up near 150% in just the last 6 mnths alone!! and it hasn’t even exploded yet! right now it is only going up $1 or more a day… soon it will start going up $5 a day, then $10 a day etc… silver is going to the moon and far beyond Max so do wut ever You have to … so get physical now!
keep in mind that the higher it goes the more volatile the trading will become, swings $10 up and down a day will become common place soon so don’t trade this as 99% of traders loose money… buying and holding physical coins, bars and beads is the way to go, in thailand beads of .999 fineness silver can be bought anytime right at spot and sold back to the dealer at spot less 500 baht/kg…
iMho it is also a no brainer, to sell or refinance everything You Own, and buy physical silver!
remember the CABAL aka THE ROTHSCHILDS has 2 achilles heals 1) physical silver
2) Orgonite aka “love energy” and just having the knowledge of this makes Me feel like I am the luckiest Man in the world… for the knowledge of both of those was implanted into My head[by the Operators? [Image Can Not Be Found]] shortly after I woke up on 9-11-01(the last day I shaved)
take care
:Gare:
p.s. remember that swapping gold for silver is an easy lay up as well…
- Hide quoted text -
On Wed, Apr 20, 2011 at 9:18 PM, Max Power wrote:
Hi Gare!
Silver is going nuts today almost at 45 $ as I write.
I was wondering what you think of the idea of say refinancing my car
for cash and then using the cash to buy some physical silver ?
I don’t know if I will be able to do this as I have only been making
payments for about 18 months.
The bank will loan upto 80% of median value of car…Anyways I think
that it is a sound idea if I can get 80- 100 thousand baht out of the
refinance deal?
Thanks
Joel
On 4/20/11, Gare Clement [email protected] wrote:
<https://www.lemetropolecafe.com/Le_Menu.cfm> * The Toulouse-Lautrec Table
- <https://www.lemetropolecafe.com/CFFORUM/index.cfm> * World Markets *
Topic du Jour
——————————$5,000 Gold and $300 Silver are Credible Numbers
By James West
MidasLetter.com <https://www.lemetropolecafe.com/www.midasletter.com>
April 19, 2011Q: What do CNBC, George Soros, Warren Buffet and every other mainstream
investment commentator on the price of gold have in common for the last ten
years?A: They are all wrong.
All the time, every year, ten out of ten years in a row. If you continue to
pay attention to such disinformation, you will lose money. Definitely. No
question. Guaranteed.Each and every year, their vapid comments on the future gold price prove to
be complete bollocks, yet year after year, and day after day, millions of
readers watchers and listeners tune in for another dose of horribly
incorrect information.These days, the number of perpetually inaccurate predictions forecasting an
end to the gold boom are thoroughly drowned out by the now multitudinous
voices screaming from the rooftops for gold to go much higher. About 90
percent of that is the herd mentality at work. Early predictions for $1,000
gold, which seemed extreme and outlandish just two years ago, turned out to
be very conservative. So its easy now to lay claim to being “the one who
predicted the gold bull market”.Bandwagon riders aside, there are compelling reasons to support a much
higher gold price, and more importantly, a narrowing of the ratio between
the gold price and the silver price. One year ago, the silver to gold ratio
was 63 ounces of silver for every ounce of gold. Today that ratio is 35:1.
Its fallen by nearly half in one year.In terms of pure performance, whereas gold has delivered a solid gain of
26.51% in the course of the last year, silver has outshone gold
spectacularly, turning in a gain of 123.55%, making it the commodity trade
of the year by far. The effect of that performance is to dramatically alter
the perception of investors in terms of its desirability as a precious
metal. Its long been a psychological barrier to silver’s progress, in my
opinion, that a precious metal could be had so cheap.But as the prices of both monetary metals grows, and their price
differentials narrow, investors want an idea of where the future is heading
in terms of these prices. Can they continue to grow so dramatically in
price, or is there a point at which their price appreciation curve will
level out and become more incremental? Or, is there a point at this the
upward price curves will plunge steeply downward? And at what point, if
every, will the price curves of silver and gold converge? What exactly is
the appropriate ratio of gold versus silver? Do we buy bullion, coins,
ETF’s, Gold Funds, Senior Miners or Junior Explorers? Which is safest? Which
is riskiest?First lets consider the ratio question. If the ratio suggested in the title
were to become reality, that would mean a ratio of only ten ounces of silver
to buy one ounce of gold. If the ratio curve were to continue climbing in
favour silver at the present rate, it would approach 10:1 within another
year.But if the ratio were to reflect numbers pegged to certain fundamental
realities, then perhaps we could deduce a more rational price differential
with better certainty. According to John Stephenson’s Little Book of
Commodity Investing, there is 16 times more silver in the earth’s crust than
gold.So on that basis alone, the correct price ratio is arguably 16:1. Silver
bulls like to point out that silver is unique among monetary metals because
of its wide ranging industrial applications, as well as in photography and
jewelry. As the silver price continues to consolidate its price differential
with gold, it is likely that process modification and substitution will
occur wherever possible in the manufacturing supply chain to replace silver,
which will dampen industrial demand. Thanks to silver’s unique chemical
attributes, however, that effect will be muted.2009 statistics from the Silver Institute show that global supply of silver
was more or less equal to the global demand for silver from all classes
including manufacturing and bullion minting. Government stocks of silver are
estimated to have fallen by 13.7 million ounces over the course of 2009, to
reach their lowest levels in more than a decade. Russia again accounted for
the bulk of government sales, with China and India essentially absent from
the market in 2009. Regarding China, Gold Fields Mineral Services states
that after years of heavy sales, its silver stocks have been reduced
significantly.If the silver ratio is heading to 16:1, that implies a near term price range
of $90 – $100 per ounce.If gold goes to $5,000 an ounce, and the silver/gold price ratio remains
16:1, there’s silver at $312.50 per ounce.And what, pray tell, is coming down the pike to support a gold price of
$5,000?First and foremost, the United States dollar.
The whole global financial system is trapped in a situation whereby we have
no choice but to permit the United States to continue counterfeiting money.
There is no single political force or voice or even prospect with the
knowledge and the power to put a stop to the insanity into which we continue
to spiral on a daily basis. That means, despite the unanimous chorus from
the financial media mainstream, which anesthetizes the human race in an
effort to thwart violent protest by design, the fabrication of electronic
dollars will continue apace. For years.In terms of strict nominal value, that implies a proportional increase in
the prices of, well, everything. Inflation is the direct outcome of monetary
expansion in the absence of economic growth. Therefore, gold and silver will
be direct beneficiaries of such policy.At the same time, sovereign and large capital pool (LCP) investors in U.S.
debt are seeking to exit their holdings of U.S. dollars, The world’s largest
bond fund, PIMCO, and its acerbic chief Bill Gross, are now shorting the
U.S. dollar. China has stated repeatedly that it will reduce its holdings of
U.S. debt. This is sending a signal to the rest of the sovereign wealth and
LCPs that the U.S. dollar should be abandoned. That means, when the
convulsions that seize the global financial system, such as that of 2008,
manifest themselves, investors will flee less and less to the U.S. dollar,
and more and more to other currencies – especially gold and silver.So not only does the price of gold appreciate in strictly nominal terms, but
demand for it is growing even as it grows exponentially in price. That’s
why, given this illogical yet nevertheless existing stupidity, the more
expensive gold and silver get, the greater will be their demand as a
replacement for U.S. dollar denominated safe haven asset classes.The third major factor that is going to drive gold to $5,000 and silver
through $300 is related to the first two. Governments, always reactive and
never proactive, will eventually start to ratify gold and silver as official
currency alternatives as a result of public pressure.The decision by the people of Utah to do just that was big news recently,
even though technically and legally, it always was legal tender in that
state. It is this final legitimizing step by regional governments that will
open the eyes of the otherwise hypnotized American public. For now, the move
is painted as fringe by the idiotic mainstream, who are unwitting pawns for
the financial services industry – U.S. Federal Reserve – U.S. Treasury trio
of economic under-miners.But contrary to global public perception, this has been a recurring theme in
the United States economy, pretty much from day 1.The Daily Astorian, a newspaper of the day in Astoria, Oregon, on May 9th,
1876 published a story the following of which is an excerpt:The people of this country are tolerably familiar with depreciated money.
The great mass of them have had nothing else for the last fourteen years. We
are accustomed to depreciated Greenbacks, National Bank Notes, Nickels and
Silver, and there are those living who can recall the time when Gold was
worth less than Silver.The biggest perpetrators of what we, the people, must soon designate as
criminals, else suffer the continuing consequences of no jobs and no future,
are the United States Federal Reserve, the United States Treasury, The
Commodities and Futures Trading Commission, and the Securities Exchange
Commission.“Oh but wait,” say some. “The United States Federal Reserve is not a
government body….its private.” And? The Federal Reserve is nothing more and
nothing less than the off-balance sheet entity of the U.S. Treasury that
permits the illegal fabrication of dollars out of thin air without
prosecution. Of course this off-balance sheet entity is not an official
government body. It was designed that way, exactly as Enron set up LJM L.P.,
to hide losses and perform sundry distasteful and illegal acts in an effort
to support its parent entity.When an entity is formed specifically to operate outside of the publicly
elected offices of government, but is given dominion over the most important
property of the voting public – its money – and when that entity acts in
direct opposition to the interests of the public to whom it owes a fiduciary
duty, then its status as government or private really becomes irrelevant.
All that matters in terms of its identity is its treasonous and fraudulent
activity.The management of Enron went to jail for their larcenous culture of hiding
from shareholders the true extent of their losses, and the illegal nature of
their everyday operations. With a bit of luck and perseverance, the same
fate will yet befall Bernanke, Paulson, Summers, Rubin, Geithner, Gensler,
Shapiro and the rest of the Ivy league thieves. In the meantime, the best
defense against their intentional destruction of the United States currency
is selling dollars to buy gold for capital preservation and silver for
low-risk capital appreciation.The day will come when, instead of teaching that these leaders were nobly
trying to ease the pain of financial forces beyond their control, today’s
politicians will instead be accurately portrayed as naïve, negligent, and
just plain stupid populists whose ignorance of real economic matters was
exactly the ingredient necessary to permit the psychopathic and misanthropic
banking community to form the financial policies of their governments.
Unfortunately, the only ones likely to be alive by the time that happens are
now in diapers.** footnote from Gare**
My thinking is that someday silver will be worth 10 times what gold is
worth! it’s a historical fact that the silver/gold ratio was based on the
number of above ground ounces of each metal available… nearly ever ounce
of gold ever mined is still above ground but out of the billions of ounces
of silver mined throughout history less than 1 billion are above ground
still with the rest sitting mostly in landfills…have You got physical silver that You can put Your fingerprints on?
take care
:Gare:
p.s. THEY will all go to jail and soon iMho…