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Old 07-12-2013, 02:37 PM   #69 (permalink)
Join Date: Aug 2007
Location: In a warehouse of common sense
Posts: 2,708

Originally Posted by smackvay View Post
Is anyone buying right now? im finding deals here and their and im picking up everything from 1 coin to a stack
Been buying since 1450 and 23 like crazy. Not at all concerned about a little downside risk. My concern is not having enough the day the Chinese (or whoever) decide it's gold standard time again.

Comex registered inventories are down 2 million oz. in 6 months.
Brinks registered inventories are down 350k oz. since beginning of June.

Somebody is making darn sure they've got the physical metal in their vaults and not on the hook for the derivatives game.

India placed regulations on gold import and the people bought silver by the tons. China exports zero gold and retains all of what they mine, which is upwards of 400 tons a year.... on top of their massive buying over the last few years. They are hoarding as much gold as they possibly can. I doubt they're doing it for fun.
Stop buying Panini garbage. Just stop. Next time you feel like you might, just bash yourself in the face with a 2x4 with rusty nails sticking out. Same thing. THEY.DO.NOT.CARE. How hard is it to wrap your mind around that?
nabzy28 is offline   Reply With Quote