Long Position on Silver and Gold?

[Irving]

I don't see how this interest rate hike affects me.

[lex137]

It will if you decide to buy a home....

[HoneyBadger]

It will if you decide to buy a home....

Simple: Don't buy things you can't afford.

Problem solved.

[Irving]

It will if you decide to buy a home....

Of course I realize that. I just facetiously made that comment instead of explaining that while a rate hike might not be ideal for a lot of people, it more or less won't affect many others; so at least it's not the end of the world.

[sellersm]

Good time to stock up more, PM prices are dropping (along with the market)!

[roberth]

Zero Hedge provides some humor in response to the knee-jerk humans trying to control global financial markets.

Time For A Rate Cut? Dollar Surge Sparks Stocks, Credit, Crude Purge

http://www.zerohedge.com/news/2015-1...it-crude-purge

[davsel]

Aaaaaaand, it's gone.

Interesting article:
http://www.zerohedge.com/news/2015-1...-goes-very-top

Let's summarize once again: a gold-smuggling scandal that took place under the nose of the US and the international community for years, one which allowed Iran to skirt international sanctions using gold as a barter tool to keep its economy going and involved China and Russia among many other nations, and one which saw the participation of not only the economic and prime ministers of Turkey (and current president) but also countless corrupt Turkish politicians and the richest person in Iran, but also the second most powerful person in Dubai, the largest holding company in the Arab Emirates and the largest gold holding company in the Gulf state.

A scandal which resulted in untold riches for everyone involved, and has also resulted in the Dubai management team disappearing with what may well be billions in stolen funds.

And, naturally, there is a token "anonymous" Swiss bank to boot, which is likely the resting place of said stolen billions.

All of this it is real, it happened, and is not the screenplay of the next James Bond movie.

And - the punchline - it all revolves around one of the simplest products known to man: gold.

[BushMasterBoy]

Merry Kissmyass, IN GOLD WE TRUST!

[screagle2]

Really.....?.

[clocker]

Did anyone take up APMEX on their 4 hour sale? $2.79 over spot on tubes of 2015 Silver Eagles