Long Position on Silver and Gold?

[Dave_L]

It's now that way with the $$ in your bank! We, the depositors, are now considered "unsecured creditors", thanks to the recent G20 summit! Gotta love it... Coffee cans & mattresses look better every day.

One article that explains:http://bilbo.economicoutlook.net/blog/?p=29645

Pertinent quote:

Plan accordingly.

[Aloha_Shooter]

It's now that way with the $$ in your bank! We, the depositors, are now considered "unsecured creditors", thanks to the recent G20 summit! Gotta love it... Coffee cans & mattresses look better every day.

One article that explains:http://bilbo.economicoutlook.net/blog/?p=29645

Pertinent quote:

Unfortunately, not really new. This started with the way the Obama Administration and Chicago Mercantile Exchange let Jon Corzine raid depositor accounts so he could pay off J.P. Morgan.

[sellersm]

Unfortunately, not really new. This started with the way the Obama Administration and Chicago Mercantile Exchange let Jon Corzine raid depositor accounts so he could pay off J.P. Morgan.

Yep. This has been in the IMF playbook for a long time.


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[davsel]

Trouble in Russia (and here).
http://www.barnhardt.biz/2014/12/16/...t-rates-to-17/

Yesterday, Russian interest rates were at 10.5%, which sounds almost incomprehensibly high to those of us who have been living in the world of ZIRP (Zero Interest Rate Policy) for the past six years. Well, overnight, the Russian Central Bank raised interest rates 650 basis points in one shot – to 17%.

[Rooskibar03]

Oil headed for $50 a barrel. Russia is a mess. gold dropped 30 an ounce this morning. What's next.

Im sitting on a sizable amount of cash right now but I also have nearly 30k worth of gold bought 2 years ago at north of 1300 an ounce so it's lost considerable value.

I don't want to tie up everything I have now in PM but would 30% be a good amount to starting throwing at it?

[hollohas]

Trouble in Russia (and here).
http://www.barnhardt.biz/2014/12/16/...t-rates-to-17/

Ruble is tanking too. Hit 80 for a moment last night. The rate hike didn't help.

Middle eastern markets are suffering as well. Some down 40% from highs this year, 8% in 24 hours...

[Aloha_Shooter]

Hmmm ... seems to me KT McFarland said the most effective way to deal with Putin and Iran was work with the Saudis to drop the price of oil and she said that before the 2012 elections. Sure wish she was the National Security Adviser instead of the lying beeyatch who couldn't pass a Democratic Senate confirmation for SecState.

[sellersm]

Here's an interesting view on what's going on, and recommendation to get your $$$ out now: writer says there won't be any warning...

http://www.omegashock.com/2014/12/17...how-it-begins/

[sniper7]

Here's an interesting view on what's going on, and recommendation to get your $$$ out now: writer says there won't be any warning...

http://www.omegashock.com/2014/12/17...how-it-begins/

Quite far fetched IMO.

[sellersm]

Peter Schiff's comments about the collapse of the USD: