Jeff] talking to my banker friends last night over dinner; "time value of money is becoming negative".
[Jeff] This means that there is an inversion with country's interest rates which means the forecasting of interest rates are becoming negative.
[Jeff] What this means is that if I give you money I am usually going to get some kind of interest rate payment on said loan
[Jeff] Interest rates long term are dropping everywhere long term due to global shifting of economies this is bad and is just another metric that shows us something must be done soon. From my friends and that is all folks (porky pig looney tune )
[cruiser] Jeff negative intrest rates. Not good.. How will central banks make any money lol
[cruiser] Jeff They better startbuying gold lol
[Jeff] cruiser that is exactly what I was told last night
[Jeff] cruiser QE3 was dabbled in last night and they agreed with your commentary a few days back good job on that one
Read More Link on Right
[cruiser] Jeff Let you in on a secret. I was told gold is going to _____
[Jeff] cruiser I was being facetious bro
[cruiser] captaincaveman you can take a guess at the gold price also_______
[captaincaveman ] Soar skyrocket
[cruiser] Jeff captaincaveman You will not believie it. 2k Not even close!!!
[captaincaveman ] 4k
[Jeff] cruiser I was told 5K then would drop like a rock
[weimar_police] and I was just going to buy a 1/4 of an eigth of an oz of gold
[cruiser] captaincaveman Jeff you guys must talk to the same person roflamo
[cruiser] Jeff The drop off. Not likely. Supply and demand issue.
[Jeff] cruiser once fully liquid they say to me drop off back to normal levels whatever the market will dictate that to be
captaincaveman ] Skyrocket then flatline- Level off
[cruiser] Jeff will take about 2 years. Gold is getting scarce right now. Time for more mining to occur.
[captaincaveman ] Cruiser where can we find a lot of gold yet to be tapped?
[andisgram1] cruiser Mining companies are expanding like crazy right now
[Jeff] cruiser as stated earlier market will dictate that timeline unknown depends upon forgiveness of debts and new baselines
[cruiser] captaincaveman Jeff What do you guys think of Japan and their export number last night? Scary!!
[andisgram1] captaincaveman large pocket of gold have been discovered recently
[pmw1973] captaincaveman gold rush! jungle...
[puppylove] Drod andisgram1 gm
[captaincaveman ] Maybe under Baghdad streets?
[cruiser] captaincaveman There is a lot of untapped mines in the world. They cannot raise the capital to start the mining process.
[Jeff] cruiser very interesting
[Jeff] cruiser there you go
[andisgram1] captaincaveman US, Africa, Canada< S America
[Jeff] supply of gold is there but once tapped who knows
[SCgunner] cruiser question? can you provide one, just one, example of the unavailability of gold? If gold is scarce and hard to procure does the current price per ounce reflect the demand and lack of product?
[captaincaveman ] Cruiser I know. lol I was being sarcastic
[goofy] cruiser this is why I invested in gold and silver mining companies
[andisgram1] Hubby works for a large gold mine. They are expanding fast. avg 3500 ounces a day.At just one of their mines
[captaincaveman ] I know a few gold diggers lol
[Jeff] captaincaveman lol
cruiser] SCgunner With gold becoming a tier 1 asset, it will be used by EVERY Bank in the world
[SCgunner] cruiser and that supports the lack of available gold?
[cruiser] goofy ok investment, but feel you need to own the actual bars ( hard asset).
[Lord Xerxes] Has anyone heard any news on the Austrian corona (gold)
[rustyc] Its just like oil production will increase as demand and price increase.
[captaincaveman ] Cruiser didn't US banks just buy 200 billion worth of gold?
[cruiser] captaincaveman believe so.
[SCgunner] cruiser bars are a no, no, the US government can simply make it illegal to own gold
[cruiser] SCgunner Think about it. Every bank in the world has to own it. Every central bank will back thier currency with it. Most of electronics have some sort of it.
[SCgunner] gold should only be held in coinage as collectors items
[Lord Xerxes] I heard bars are a no no as well
[andisgram1] SCgunner you can buy 2oz ingots
[SCgunner] andisgram1 2oz, 1oz, 5oz, whats the difference?
[goofy] cruiser the physical bars are good if you want a hedge for the future but the mining companies give you additional leverage for now...
[andisgram1] SCgunner Bars are 70 lbs, ingots are just ounces
[SCgunner] andisgram1 yes, just like back when Nixon took us off the gold standard and tightened the rules.
[cruiser] SCgunner Why? So in 50 years you can maybe make a dollar. And that is if someone will pay for it. I am not a fan of coins. Just a personal opinion.
[andisgram1] Govt will allow so many ounces but not pounds.
[cruiser] JUST NO ETF's
[SCgunner] andisgram1 where might I find that information?
SCgunner] andisgram1 I was unaware the government had a limit of any kind at this point
[cruiser] andisgram1 That is if your vault is in the U.S. Also. The U.S government may want to purchase, if in the states. They are going to need it.
[andisgram1] SCgunner When govt took gold from citizens they were allowed to keep some, there is no restriction right now but that can change, it did in the past
[rustyc] They are talking about a market reverse based on yesterdays activity, enough of push back for QE3
[SCgunner] andisgram1 just like guns, when the gov takes them away they will make "collectors items" exempt, much like coinage
[pmw1973] gold reclamation act
[Lord Xerxes] Can the government confiscate the gold bars and coins just asking......
[SCgunner] Lord Xerxes no, not the coins currently
[SCgunner] andisgram1 yes, and based on this conversation they could take it all and replace it with fiat money
[goofy] andisgram1 I agree and if we go to a gold standard again they will make it illegal to own
[Ibsusan] I thought coins weren't traceable
[goofy] Lord Xerxes not today...but they could years ago
Lord Xerxes] Ok thanks for the info.....
[SCgunner] goofy they couldn't take coins years ago, only the generic pieces of gold. no jewlery or coins
[goofy] SCgunner correct
[andisgram1] Silver is also an option.
[captaincaveman ] http://livegoldprices.com/
goofy] andisgram1 there is a point where silver is a better buy...look at the gold/silver ratio...right now silver is a better buy
[SCgunner] lastly, if UST notes are brought fourth they will be worth gold in value correct?
[2012jesus] SCgunner they are out ,,there are sign out at some banks ust notes -make appiontment at teller windows
[andisgram1] goofy I agree and govt has always recognized it as money
[SCgunner] andisgram1 always? bet you couldn't pay the IRS gold instead of dollars, just saying...
[andisgram1] SCgunner for over 100 years according to the history books...silver..not gold
[andisgram1] SCgunner I wasn't here 100 yrs ago so I have to believe what history tells me roflmao
[goofy] 2012jesus are you saying the UST Notes are out?
2012jesus] goofy yes ,signs in some banks at teller windows ,,saying make appointment for ustn
[SCgunner] 2012jesus sounds like "intel" to me, I am not aware of any such thing and I certainly don't trust "intel" :(
[2012jesus] SCgunner not intel- friend from CO. his bank has the signs at telller window ,no joke ,,,and he is not a guru ,,just a big heavy invester in the dinar
[SCgunner] 2012jesus I will test this, I am calling WF to find out if I could exchange FRNs for USTs....
[2012jesus] SCgunner please let me know, AND I will get my friend to take a picture of the sign and post it in here
[2012jesus] you people may laugh ,but this guy and his 4 people in his group have more then 350,000,000 dinar ,,so laugh
[andisgram1] 2012jesus Im sure it is True!!!
[moonchild] 2012jesus what does ustn mean?
[2012jesus] Us treasury note
[SCgunner] I am awaiting the return call from a WF Wealth Management person with their take on the UST. They have heard it discussed but don't think it is available currently. She will call be back shortly with more information....
[highhopes] 2012jesus-I definently believe you. Not all WF may have the sign up yet-but they all will soon I'm sure! Thanks