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Saturday, June 29, 2013
Misers And Greed Merchants Take It On The Chin As Precious Metal Prices Plummet! The Commercials On Fox News Are Still Calling For $5,000 An Ounce Gold! How Fucking Stupid!
IF YOU BELIEVE GOLD IS GOING TO HIT $5,000 AN OUNCE ANYTIME SOON, I HAVE SOME PROPERTY IN THAT "TAX HAVEN" BELIZE I WANT TO SELL YOU! I CAN'T BELIEVE THEY'RE STILL RUNNING COMMERCIALS ON LATE NIGHT RADIO AND FOX NEWS THAT TRY TO HOOK YOU ON THE IDEA OF "INVESTING" IN THESE VOLATILE PRECIOUS METALS. THE PRICES WERE BID UP TO THE SKY BY THE WAR MONGERING SURVIVALIST TYPES WHO BELIEVED THAT THE ONLY MEANS OF BARTER WERE FRACTIONAL PRESCIOUS METALS, GUNS, AMMO AND FOOD. THESE PRICKS ARE HUNKERED DOWN IN THEIR SUBURBAN BUNKERS WITH A YEAR'S SUPPLY OF FOOD, THEIR SAFE ROOMS, GENERATORS, AND 1,000 GALLON UNDERGROUND FUEL TANKS. THEY ARE READY FOR ANY CONTIGENCY.
FRIDAY, GOLD CLOSED AT $1,234 AN OUNCE, DOWN OVER $700 AN OUNCE FROM IT PEAK IN SEPTEMBER 2011. SILVER CLOSED AT $19.69 AN OUNCE DOWN OVER $15 FROM JANUARY 2013. ON MARCH 15, 2013, I TRIED TO WARN MY READERS HERE.THE DOOM MERCHANTS ARE ALL FRETTING THAT GOLD IS NOW, "UNDER THE COST OF PRODUCTION". WELL IF THAT'S THE CASE, JUST SHUTTER THE MINES AND RE-OPEN THEM WHEN THE PRICE GOES BACK UP!
I EXPECT GOLD TO PLUNGE EVEN FURTHER AND SETTLE IN THE $350-$425 AN OUNCE RANGE ABOUT WHAT IT COSTS FOR A DECENT SUIT OF MENS CLOTHES. SILVER, I EXPECT IT TO TO SETTLE IN THE $8-$12 RANGE. CASH IS KING, THERE IS NO REASON TO SUPPORT THE SKY HIGH PRICES IN PRECIOUS METALS OTHER THAN FABRICATED DEMAND BY HIGH PRESSURED SALES PEOPLE LOOKING TO SEPARATE YOU FROM YOUR MONEY, HOARDING BY GREEDY RICH PEOPLE AND MARKET MANIPULATORS WHO PROFIT MIGHTILY BY MAJOR SHIFTS IN THE FUTURES MARKETS ON THESE METALS.
HAVING GOLD AND SILVER IS A BEAUTIFUL THING, BUT TRY TO SPEND THESE AND YOU'LL END UP GOING TO A JEWELER OR A GOLD AND SILVER MERCHANT WHO WILL TRY TO GIVE YOU FAR LESS THAN THE METAL IS WORTH. I HAVE BEEN LUCKY TO FIND A REPUTABLE DEALER WHO CHARGES ME A MINIMAL COMMISSION WHEN I BUY AN SELL, BUT FOR THE MOST PART, GOLD AND SILVER MERCHANTS INCLUDING JEWELERS ARE A CRIMINAL CLASS LOOKING TO RIP YOU OFF. SOME ARE WORSE THAN OTHERS BUT THEY ALL TRY TO RIP YOU OFF. THE BASTARDS!
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