Yessssss!!!! Gold Always believe in .... Gold, Your indestructible, GOLD!!!

[Letsbereal]

If gold doesn't pass $1500 today, I'll eat a bug.

Be careful what your wish for cause at the moment gold is rocketing straight Up.



And I want to see the pics of ya eating a bug!

[Letsbereal]

GOLD NEW ALL TIME FREAKIN HIGH OF $ 1,496.51 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

Yessssss!!!! Gold Always believe in …. Gold, Your indestructible, GOLD!!! http://www.youtube.com/watch?v=rVuwXM9u2ps

Go for Gold – Party! http://www.youtube.com/watch?v=i5N3p2we_og

[Paranoid Puppet Master]

STUNNER: S&P REVISES US OUTLOOK TO NEGATIVE
Submitted by Tyler Durden on 04/18/2011 09:02 -0400

You read that right: S&P just revised its US outlook to negative. EURUSD surges on what can be seen as revolutionary news...



more:
http://www.zerohedge.com/article/stunner-sp-revises-us-outlook-negative

[Paranoid Puppet Master]

Be careful what your wish for cause at the moment gold is rocketing straight Up.



And I want to see the pics of ya eating a bug!

I am so confident that it's going up today, that I don't think I'll have to worry about actually eating a bug. Maybe even going up while writing - oh, it went down a little, but, the day is young...

[agentbluescreen]

GOLD NEW ALL TIME FREAKIN HIGH OF $ 1,496.51 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

Yessssss!!!! Gold Always believe in …. Gold, Your indestructible, GOLD!!! http://www.youtube.com/watch?v=rVuwXM9u2ps

Go for Gold – Party! http://www.youtube.com/watch?v=i5N3p2we_og

While the gold rises are sort of ok, (under 1%/day) the story with Silver is simply astounding. It continues to race upwards at nearly 2% per day vs gold's tame value retention.

Get ready for "too big to fail" JP Morgan/Chase to tank this week in the midst of the carnage of the Pentagon-Mafia's budget battle.

The Silver Story is still much, much bigger and more interesting!

The Biggest, most Evil and most Corrupt "Multi-Trillion $ Entitlement Program" in All of All Human History:

[charrington]

If gold doesn't pass $1500 today, I'll eat a bug.

I get to pick the type of bug ok?

[agentbluescreen]

I get to pick the type of bug ok?

Don't be too worried the futures derivative "witching hour" approacheth... 

but even so, grasshoppers are pretty good.

[Letsbereal]

GOLD FRESH NEW ALL TIME HIGH OF $ 1,497.50 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

Bring The Gold! http://www.youtube.com/watch?v=_qO66Rmi1Mw

[Paranoid Puppet Master]

I get to pick the type of bug ok?

I'll answer this afternoon 

[agentbluescreen]

I get to pick the type of bug ok?

Time to go bug shopping, best get yours now while they're still somewhat more affordable. 

[Paranoid Puppet Master]

CHOCOLATE COVERED ANTS

1, 742 ants, lg. size (if they are sm., use 2, 044)
3 c. melted chocolate

Catch ants at a picnic site and keep them in a glass jar to which you have added a teaspoon of sugar to keep them happy. (Unhappy ants are liable to go sour before processing.) At home, pick up each ant with tweezers and remove entrails with a small, very sharp knife edge. This will take about 400 hours.
If you are in a hurry, eliminate this step; you'll never know the difference. Dip each ant into melted chocolate and place to drain on waxed paper. If any of them are still able to crawl off the paper, let them go -- be a good sport!!
 
http://www.cooks.com/rec/view/0,1726,147189-230195,00.html


delicious! I'll have to post some pictures later...

[Letsbereal]

Bug-Eating for Beginners
http://edibug.wordpress.com/2011/01/15/how-to-eat-bugs-to-save-the-environment/

I saw a Belgium guy on the telly who did a research of which grasshoppers are the most tastiest.

He prepared them in the oven but you can also deep-fry them. When I saw that I got a urge to try that once. Same with snake. Never had a snake but like to.

It's more the idea you have to get used to cause if you know what people all eat around the world it's getting less strange every time.

In the Netherlands for instance we eat raw herring. I love it!



The Icelandic people top us with "strange" meals like eating shark for instance which normaly is impossible to eat cause a shark body contains antifreeze.

[Letsbereal]

Texas gold rush, Mike Maloney meet-up on Wall Street http://youtu.be/-72pVagdht8

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,497.82 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

[larsonstdoc]

GOLD NEW ALL TIME HIGH AT $1,497.82 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

  Up is the only way gold is going--the dollar is toast!

[Letsbereal]

Gold’s Safe Haven Status Confirmed As "Risk Free" Status Of US Sovereign Debt Questioned
19 April 2011, by GoldCore (Zero Hedge)
http://www.zerohedge.com/article/gold%E2%80%99s-safe-haven-status-confirmed-risk-free-status-us-sovereign-debt-questioned

[Paranoid Puppet Master]

Bug-Eating for Beginners
http://edibug.wordpress.com/2011/01/15/how-to-eat-bugs-to-save-the-environment/

I saw a Belgium guy on the telly who did a research of which grasshoppers are the most tastiest.

He prepared them in the oven but you can also deep-fry them. When I saw that I got a urge to try that once. Same with snake. Never had a snake but like to.

It's more the idea you have to get used to cause if you know what people all eat around the world it's getting less strange every time.

In the Netherlands for instance we eat raw herring. I love it!



The Icelandic people top us with "strange" meals like eating shark for instance which normally is impossible to eat cause a shark body contains antifreeze.

They must be doing something right in Iceland... maybe it's in the food (sorry I'm getting off topic here).

[Letsbereal]

They must be doing something right in Iceland... maybe it's in the food (sorry I'm getting off topic here).

Herring proved to be very nutritious and seals thrive on it. Donnow about rotten shark tough?

Weird-Food http://www.weird-food.com/weird-food-fish.html

Herring - (The Netherlands)    

In the Netherlands, raw herring gets decapitated, gutted, and eaten raw, mostly with chopped raw onions. It is typically eaten on the streets as a snack, either holding the fish by its tail and lowering it into your mouth, or chopped in bits, on a little paper plate. Every year, there is a herring festival ("vlaggetjesdag"), and the queen gets presented a bucket with the first catch of the year.

Hakarl - (Iceland)   Eating Rotten Shark http://youtu.be/mbYqznD0R5M

I have tried and survived hakarl!!! Well the Icelandic delicacy is hakarl -somniosus microcephalus- Greenland shark. The hakarl is poisonous when it is fresh. The production process does not include any peeing, but the body fluids of this shark contain different compounds of ammonia and urea, the same that give your piss that special smell... Actually the shark meat is put through a fermentation process. Earlier this was done by burying the meat deep in the ground, about 1.5-2 meters wrapped up in something to cover it. Nowadays this is done by packing the meat in air-tight plastic. The meat is left to ferment for some weeks and is then hanged up in air to dry and get a nice color for some more weeks. Hakarl is eaten without anything with it, like jerk-meat. It is only the tourists and urbans who get it served as tiny cubes on a toothpick. No UL.

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,499.40 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

[Optimus]

Gold Tops $1,500 on Outlook for Escalating U.S. Debt, Dollar
By Kyoungwha Kim and Pham-Duy Nguyen - Apr 19, 2011 11:45 AM CT

Gold futures rose to a record $1,500.50 an ounce as U.S. debt concerns weighed on the dollar, boosting demand for the precious metal as an alternative investment.

The greenback dropped against a basket of six currencies following Standard & Poor’s revision yesterday of its long-term rating of U.S. debt to negative from stable.

“Investors are shocked and flocking to gold as the downgrade threw a cold blanket over the dollar,” said Lim Chae Myung, a Seoul-based trader at Hyundai Futures Co. “The bullish trend becomes pronounced as more and more people get out of the dollar to buy hard assets.”

Gold futures for June delivery rose $2.40, or 0.2 percent, to $1,495.30 at 12:33 p.m. on the Comex in New York after reaching the record.

More: http://www.bloomberg.com/news/2011-04-19/gold-futures-top-1-500-on-outlook-for-escalating-u-s-debt-dollar-slump.html

[Amos]

and now there goes silver again

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,500.50 o/z

Gold Tops $1,500 on Outlook for Escalating U.S. Debt, Dollar
By Kyoungwha Kim and Pham-Duy Nguyen - Apr 19, 2011 11:45 AM CT

Gold futures rose to a record $1,500.50 an ounce as U.S. debt concerns weighed on the dollar, boosting demand for the precious metal as an alternative investment.

The greenback dropped against a basket of six currencies following Standard & Poor’s revision yesterday of its long-term rating of U.S. debt to negative from stable.

“Investors are shocked and flocking to gold as the downgrade threw a cold blanket over the dollar,” said Lim Chae Myung, a Seoul-based trader at Hyundai Futures Co. “The bullish trend becomes pronounced as more and more people get out of the dollar to buy hard assets.”

Gold futures for June delivery rose $2.40, or 0.2 percent, to $1,495.30 at 12:33 p.m. on the Comex in New York after reaching the record.

More: http://www.bloomberg.com/news/2011-04-19/gold-futures-top-1-500-on-outlook-for-escalating-u-s-debt-dollar-slump.html

Also according to Zero Hedge gold already past $1,500 http://www.zerohedge.com/article/1500

I don’t understand all these gold graphs Spot gold graph sucks but read on Kitco an high of $1,499.40 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

Still looking for a graph that is reliable .....

[Brocke]

WSJ is playing it down and implying it has peaked!  Also there is little news out there about gold at $1,500.

PRECIOUS METALS: Gold Settled At Record, Touched $1,500.50/oz

   By Tatyana Shumsky
   Of DOW JONES NEWSWIRES
 
NEW YORK (Dow Jones)--Gold futures climbed to a record $1,500 level Tuesday, despite a sluggish move up, as traders drew positive sentiment from a weaker dollar and higher oil prices.

"It's a round psychological number and the market wants to smash through it," said Ralph Preston, analyst with Heritage West Financial.

[...]

But now that gold futures have reached the psychologically important $1,500 level some market watchers wonder whether gold's trajectory will weaken.

http://online.wsj.com/article/BT-CO-20110419-711751.html

[CheneysWorstNightmare]

$44.06 according to kitco!!!

http://www.kitco.com/charts/livesilver.html

[ghost hacked]

Question for those of you investing in gold and silver.

I am ready to make a decent purchase of silver (a few grand worth) but what will the silver be worth after a currency crash? I am in Canada and will be buying it in CND.

-If I buy 5gs worth of silver now, and the price continues to go up, what am I expecting?
-Am I safer being in Canada when investing in it?
-Should I invest just to accquire silver?
-What are the benefits of me owning it?
-For those of you in the US, if/when the dollar crashes, what will the gold/silver be worth after the crash? <<--

The last question is really what I want to know and understand. Any insight is welcome!

[Brocke]

Question for those of you investing in gold and silver.

I am ready to make a decent purchase of silver (a few grand worth) but what will the silver be worth after a currency crash? I am in Canada and will be buying it in CND.

-If I buy 5gs worth of silver now, and the price continues to go up, what am I expecting?
-Am I safer being in Canada when investing in it?
-Should I invest just to accquire silver?
-What are the benefits of me owning it?
-For those of you in the US, if/when the dollar crashes, what will the gold/silver be worth after the crash? <<--

The last question is really what I want to know and understand. Any insight is welcome!

Investing in gold or silver is not what most people think of when they think "investment". The main reason for purchasing a precious metal is to hedge against inflation or prevent your cash from loosing purchasing value.

You could do the same by purchasing $1,000 worth of gasoline and storing it for you own personal use. In May of 1992 you would have payed about $1.20 per gallon for gas and received 833 gallons for $1,000. Today gasoline is about $4.10 a gallon and you could only purchase 238 gallons with $1,000.

In May 1992 Silver was $4.11 an oz.

If you had purchased $1,000 worth of silver in 1992 as a hedge against gasoline inflation you could have purchased 243 oz of silver.

Today that silver would be worth about $44 an oz giving you $10,705 dollars to purchase gasoline.
You could now use that $10,705 purchase 2604 gallons of gasoline.

Your $1,000 in 1992 silver now buys you 2604 gallons of 2011 gas and you are now paying the equivalent of 38¢ a gallon while everyone else is paying $4.11 a gallon.

Because silver has been skyrocketing you have not only protected yourself from inflation you have in a sense gone back in time to when gas was around 38¢ a gallon, between 1970-1977.


If silver falls or as you say "crashes" then the value of the dollar's purchasing power is rising and inflation is falling. I don't see the dollar rising in value or inflation falling in the near or even mid future.

ALSO
Don't forget that when you buy or sell gold or silver that you are going to pay a premium.
Even if you are paying a criminal premium for cashing your silver in, say 20%. You could still buy more than 2,000 gallons of gas.

Right now in Australia I can buy and sell silver to a dealer at a fairly low premium of 12%. So if I buy 1 oz of silver I will not break even until silver has gone up 24%. Say from $43.47 up to $53.90

You can do the same thing if you buy whiskey or ammunition or gasoline in bulk and store it. You just need a clean, dry, cool place with enough room.




Weekly U.S. Retail Gasoline Prices, Regular Grade
http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html

Gasoline prices up 40% this summer, U.S. says (12/04/2011)
http://www.marketwatch.com/story/gasoline-prices-up-40-this-summer-us-says-2011-04-12

COULD IT BE THE “SEVENTIES” ALL OVER AGAIN
http://www.compositecatalog.com/WO_RESEARCH/Research/whitepaper.pdf



Gasoline Price History 1979 - 2011
http://www.randomuseless.info/gasprice/gasprice.html

Gasoline Shelf Life Gasoline shelf life depends on the storage environment. If stored properly, gasoline is good for a very long time, but if stored improperly, it can deteriorate in less than a month.
http://www.alpharubicon.com/altenergy/gaslifepal.htm

[ghost hacked]

Thanks for the info Brocke. That makes a lot more sense now. I should expect long run returns, there is no way a short term gain can really be had on silver (which is alright by me). It is a long haul but seems to be worth it in the end. Even at these prices. Because at the moment gold is out of my reach.

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,502.40 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

Go for Gold - Party! http://youtu.be/i5N3p2we_og

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,502.48 o/z  http://www.goldprice.org/spot-gold.html

(Disclaimer: all these graphs suck so until I've found a reliable one bear with me)

[Amos]

what is cool it looks like silver isn't waiting for the US market today, it is running up, fire sale, it may be today, interesting, Hilter's birthday, Waco, Oklahoma, mmmh what is going to happen today?

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,503.00 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

(Disclaimer: all these graphs suck so until I've found a reliable one bear with me)

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,504.00 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

(Disclaimer: all these graphs suck so until I’ve found a reliable one please bear with me)

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,505.40 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

(Disclaimer: all these graphs suck so until I’ve found a reliable one please bear with me)

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,506.00 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

(Disclaimer: all these graphs suck so until I’ve found a reliable one please bear with me)

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,506.50 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

(Disclaimer: all these graphs suck so until I’ve found a reliable one please bear with me)

[agentbluescreen]

GOLD NEW ALL TIME HIGH AT $1,506.00 o/z http://icharts.kitco.com/KitcoCharts/index.jsp

(Disclaimer: all these graphs suck so until I’ve found a reliable one please bear with me)

Yes they engineered a false futures account theft spike down to around $1493 to wipe out futures traders accounts at around 4:24 AM. Using high frequency insider-trading futures gambling machines they erased a week of gains for a microsecond to to steal themselves several trillion dollars. The false "microsecond wipe-out dip" may have gone down to $1425 or lower on many (Read: FOREX) networks.

[agentbluescreen]

They'll be using this stolen gold-futures investor money to fix silver (false $44.60) throughout the day.

[Letsbereal]

PBoC Governor Says Chinese Foreign Reserve Stockpile Is Excessive, As SAFE Issues Another Warning At US Treatment Of Creditors... And Dollars
20 April 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/pboc-governor-says-chinese-foreign-reserve-stockpile-excessive-safe-issues-another-warning-u

Excerpt:

"Foreign exchange reserves have exceeded our country's rational demand, and too much accumulation has caused excessive liquidity in our markets, adding to the pressure of the central bank's sterilization."

----

At this point even the smallest hint that China's central bank is formally accumulating gold will likely be the spark that causes the next leg up in gold, to its inflation adjusted all time high of $2,400.

Judging by the increasing posturing out of Chinese authorities this won't take long.

[Letsbereal]

University Of Texas Fund CEO Shares His Views On Gold, Explains Why He Took Delivery Of $1 Billion In The Precious Metal
20 April 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/university-texas-fund-ceo-shares-his-views-gold-explains-why-he-took-delivery-1-billion-prec

Excerpt:

Why You Should Buy Gold: http://video.cnbc.com/gallery/?video=3000017778

[CheneysWorstNightmare]

http://www.kitco.com/charts/livesilver.html