English
Afrikaans
Shqip
العربية
Հայերեն
Беларуская мова
Български
Català
简体中文
繁體中文
Hrvatski
Čeština
Dansk
Nederlands
Eesti
Filipino
Suomi
Français
Galego
ქართული
Deutsch
Ελληνικά
עִבְרִית
हिन्दी
Magyar
Íslenska
Bahasa Indonesia
Gaelige
Italiano
日本語
한국어
كوردی
Latviešu valoda
Lietuvių kalba
Македонски јазик
Bahasa Melayu
Norsk bokmål
فارسی
Polski
Português
ਪੰਜਾਬੀ
Русский
Gàidhlig
Српски језик
Slovenčina
Slovenščina
Español
Svenska
Türkçe
Українська
اردو
The Spot Price of Gold Bullion jumped $64.30 per ounce today (+3.34%), reaching a cost of $1987.30 per ounce during regular market-day trading. Once the market closed, Gold continued to rise, reaching $1993.70. as of 5:42 PM eastern US Time (+3.68%).
This is taking place because people are pulling cash out of Banks and out of Stock Markets, and rushing to WHAT THEY ***THINK*** is the "safety" of Gold. In fact, what most of them are doing is buying "Paper" Gold . . . . allowing someone ELSE to hold the actual metal for them. If things in the financial markets continue NEXT WEEK, as they've been going this week, all those "Paper" Gold holders . . . . may find out the hard way, they have nothing. Only people who took actual delivery and have the gold in their own hands, are safe.
According to a new study reported by the Wall Street Journal, one-hundred eighty-six (186) additional banks have the same issues that faced Silicon Valley Bank before it collapsed.
Given that this is now being publicly reported - albeit DELIBERATELY after the markets closed on Friday -- this weekend could result in an actual "Black Monday" when markets re-open on the 20th. (We will all have to watch pre-market conditions when futures trading opens up Sunday night.)
Given all the government activity last weekend, as Silicon Valley Bank and then Signature Bank collapsed, it is entirely feasible that government action may also take place this weekend.
What will YOU do if the government orders a "Bank Holiday" next week, and none of the banks can open? What will YOU do if all the ATM's, credit, and debit cards are OFFLINE for a Bank Holiday? That could mean every store would be CASH ONLY; No credit, Debit, or even EBT cards! How will you eat? How will you put fuel in your car?
You had better prepare while you still have a slim window to do so: This weekend.
Comments
Unreal
Also what about platinum? It’s currently few hundred lower than previous, maybe good time to purchase?
https://finance.yahoo.com/news/bank-america-bank-panics-big-230513080.html
Silver prices is like looking a gift horse in the mouth!
I can't believe that it is not well over $50 an oz these days!
$20'is an oz was the price 10 fuking years ago! And it is still there.
I would put a lot of my savings into silver after you have covered all of the other bases.
At $1989.30 the price of silver should be about $40 per ounce.
Soon or later the meddling in the market will end. Historically established values will return.
Silver is still an excellent purchase.
Just my opinion
Eight years ago I cashed out of my house and put it all into gold and silver.
Smart thing today to do is sell your secondary cars, motor homes, boats, second homes, stocks, bonds, what ever and buy gold and silver. Silver for bartering, gold as a store of value. Junk silver is important or fractions of oz. silver. One oz. coins will soon be too expensive to use to buy things like food and gas. Consider leasing a car. Sky is the limit for G & S, especially silver which is already under priced. Trouble with silver is it's too cumbersome when you get into the big numbers.
I have some food from my post toasty years but don't expect to be here when the bombs drop.
Hope Hal has a fireplace and a few cords of wood.
A sign that it's the mark of the Beast or A/C is if they make you deny Christ in order to take the mark. Taking the mark is a ticket to Hell. Many will be martyred before they take the mark, his name or the number of his name, 666. (Those who become Christians after the rapture)
They are going to make everything illegal.....
Your firearms to protect your self are soon going to be illegal.
It is a strong sign of mental retardation to not buy metals because they might make them illegal!
True wealth lies in resources! Russia is a wash in natural resources.
So is America. Unfortunately, our is now "unrealized" as our ability to aquire/utilize it has been impaired.
When hard times return "we the people" will be forced to utilize those resources again.
Precious metals will always be worth something. There will always be someone willing to barter for it because they can hold it until better times.
There are things that will always hold value. Excess food for example.
That gold/silver might trade for a big premium but it will trade.
I'm sitting heavy enough on somethings that I'd make that trade for gold. Banking on better times in the future where it will benefit my family.
1. bullets/ have more than 1 reload
2. beans
3. bandages & tourniquets
4. armour plates
5. sight alignment
6. sight picture
7. trigger control
8. two center mass
9. one between bridge of nose and forehead
10. travel in small groups during daylight
11. 360 degree situational awareness
12. be aware of near by concealment and cover
13. do not talk to strangers
14. carry a fake wallet and phone to give up instead of real ones
15. get where your going get your business done and get on your way
16. do not loiter!
17. keep eyes and ears open
18. keep head up and scan surroundings
19. do not carry large amounts of cash, take only what you need
20. avoid confrontation
21. if you are approached and your instincts tell you they look like a criminal, they probably are.
22. criminals will always size you up before the attack, then they will launch the surprise attack when your not paying attention to them. if you notice a stranger paying attention to you leave the area immediately.
23. criminals always try to conceal themselves, hoodies, masks, hands in their pockets, looking around their surroundings to see who is watching them.
24. make a detailed description of them, commit it to memory.
25. Avoid high crime areas, convenience stores, atm's crowded parking lots, secluded locations, groups loitering.
26. criminals want to strike weak victims fast and leave fast, some work in small groups using a distraction, do not let them distract you.
A few tips that might keep you alive to fight another day.
If the banks don't get forced into having to sell those underwater assets, then there may be a chance that this can be weathered. But it's sort of like trying to get across a frozen pond with thin ice. Very carefully.
Kippis
Each night they have to turn in their balance sheets.
Those balance sheets reflect their stability.
It's like buying a car, the amount you paid is value the bank looks at when they buy your loan. (give you money to purchase it).
If you pay that monthly and nothing happens to maturity that is the value of the loan.
Say you get into an accident and the insurance company gets involved, they'll only pay wholesale price for that car. Your loan just experienced "unrealized losses". You are expected to make up the difference.
Each day when the banks do their books they have to figure in those "unrealized losses".
It they sell them at the overnight window for par instead of wholesale their books balance.
Next morning they buy them back
Those securities are earning between .08 & 2%. Unfortunately the cost of doing business is closer to 6-8%.
If they have enough reserve to keep this game going they'll be alright.
If they don't and are forced to sell those securities early they will then "realize" those losses. ( It is a loss because nobody will pay retail on a low interest note when they can now buy loans for a much greater return. The seller must make up the difference)
This is what their talking about when they speak of selling at the fed window.
It's a shell game of shuffle the money. It won't last forever.
The other assets - who knows.
Kippis
And he becomes an Irishman?
Well then , Happy O~Bidens day!
In interview that blows the smoke off the stage of deception and all its players..
Listen to "SOURCING THE SABOTAGE!" the Crimes of State against the public & the innovators..
Interview at Jeffrey Prather .com
https://www.buzzsprout.com/1762960/12455557-sourcing-the-sabotage
Faith replaces fear. Spiritual warfare from the position of victory in Christ Jesus..
Mike interviewed on SteelTruth Jan2019
https://www.bitchute.com/video/tQk90smvg0cn/
especially after t=30min
...
There is a failure to deliver. Then the price will moonshot. However, know one will actually know the real price at that point.
Lots of assumptions and lots of normalcy bias.
What makes one think that ANYTHING is going to be the same ol same ol?
Will stores even be open? Will gas even be available? Will anyone, or any business even be willing or able to sell things for cash?
There might be a VERY short window of opportunity to use cash after banks close but the attitude that it will last for days or weeks is very presumptuous.
The closer we get to TEOTWAWKI, the less people seem to want to believe it. It was fine in theory, but now that it might be staring us in the face there seems to be a lot of denial by those same people who used the term every other sentence a few years/months ago.
Get cash out of the banks? Sure!
Keep a stash just in case? Absolutely!
Expect that it is all going to work according to plan? No!
A lot of people are going to be panicking unto death if their scenario doesn’t pan out like they expected.
As Bill Holter says, “if you are excited that gold could hit $10,000 an ounce, or more, be careful of what you wish for because life will suck big time if that happens”
Prepping is a Godly idea and is not wrong in and of itself, but putting trust and faith in that stuff is a very bad idea.
LOL Now why are they trying to stir the pot on this again? Hum?
A few IRA were in this movie?
The Quiet Man
https://gloria.tv/share/BJMom73TcF3k1xzC32hnFhu1S
Don't sell. Buy. It will still go much higher.
https://www.amnh.org/exhibitions/gold/incomparable-gold/gold-properties
One man talked about being in a country where hyperinflation hit. He went into a cafe` and ordered a cup of coffee. $0.25 a cup. He read his paper and when he finished his cup he ordered another one. When he got the bill it was $0.75 for 2 cups. It had gone up 100% while he sat there. His advice was "If you are going to drink 2 cups order them at the same time."
That being said. If you are going to keep cash at the house. Make sure you have small bills. I know. I know. They're a pain BUT, if stores are only taking cash they will run out of small bills making change for the larger ones quick and in a hurry. You don't want to be stuck with a $50 or $100 and a tab of less than $20 when they run out of small bills. HECK! They may even give you a discount for correct change. LOL Don't hold your breath
Aanndd
Don’t forget the change....prices won’t be exact.
Gold is not in most young families hands?
But I will tell you how Jesus will burn your soul with wrong spiritual thinking
1 Corinthians 3:12 Now if any man build upon this foundation gold, silver, precious stones, wood, hay, stubble;
13 Every man's work shall be made manifest: for the day shall declare it, because it shall be revealed by fire; and the fire shall try every man's work of what sort it is.
from the text wood, hay stubble.
This gold buying/stacking gig is not about worshipping gold. It's just a method to store value in light of a failing fiat currency(s). You might not understand this very well, but the people of Zimbabwe, Argentina, & Venezuela UNDERSTAND THIS VERY WELL....
Piff, Silver and gold have I none; but such as I have give I thee: In the name of Jesus Christ of Nazareth rise up and walk.
The prices quoted at COMEX future paper contract prices (& highly manipulated).... BUT THESE PRICES ARE NOT THE PHYSICAL PRICES.
You watch and see. But don't fall for it! Remember, the central banks around the world are loading up on gold. Do you believe that they believe gold is not a safe haven?
No more life as we know it though.
Not if you bought $50-100 worth of it per month the last ten to twenty years.
People who are buying now are already behind the curve.
Those same people have probably taken lots of expensive vacations, eaten out daily and bought lots of worthless toys instead of budgeting a small portion for real money.
But remember if electronic money doesn't work, a panic may set in where mass looting occurs.
If power or internet connections fail some large stores can't operate the register, since cashiers can't calculate tax, and the sale doesn't get recorded on company servers for inventory control/reordering....
After that it will rain dollars so hard you'll set spurs and rein you way to shelter ....
RSS feed for comments to this post