Quote:
Originally Posted by CosmicFever
Ten Commandments For Buying Gold & Silver :
I. Always take delivery
II. Never buy premium if you can avoid it.
III. Buy bullion for business, numismatics for fun.
IV. Buy silver first, then gold.
V. Buy small gold first, then large.
VI. Never buy exotic coins or modern rarities or anything you don't understand.
VII. Know your dealer.
VIII. What governments can't find, they can't steal.
IX. Never swap bullion coins for U.S. $20 gold pieces.
X. Never break the law.
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Always break the law, if it is an ass....but nice thoughts none the less.
Since the Ptw decided to sink my final statement here I figured I'd try and sneak it in....This is all puerile. There are many, many positions to stake ones self in to profit on the collapse. The miners are taking a beating and to be honest, I would not want their jobs. CDE and AEM are ripe for the plucking . PAL is even better if you don't mind playing with penny stocks. Heck (I almost wrote **********) CDE became a penny stock yesterday.
Look, the question is not how to (h)edge bets and protect hoardes, the question for me anyhow is how to make this whole piece of ********** work for me and mine and that includes a crew of about 20. There is a gazillion dollars worth of real wealth/value in mining stocks and I don't even own any of them, yet. The powers that run this site have already blocked my statements thrice so whom knows.
There is a a 'google' function that allows you to scroll through a companies history. Do this for minor miners and look for yourself. Have you ever been down a friggin mine? They suck. So look for operating mines in minor stocks and see what you can do. If they are union, if they have new sites, if they have productive mines already....buy them up. They are taking a beating and so be it.
Look, the End Game is not the scenario dished out by new agey folks, this is a collapse of empire wanna-be's, done on a etch a sketch by dull witted folks whom happen to have the power granted to them by years of wrangling their way through the idiocracy of parliments and white houses. What is coming is unprecedented. We can all gain off of our forefathers folly.
Sit back, breathe deeply and take stock of the situation.
Iceland is broke, New York is broke, California is broke, Hungary is broke....America is broke, the EU is broke...it's all bust.
Breathe deeply again and know in your heart that it is okay. Then sit bolt upright and take stock of you resources and skills.
If you have none, gain some.
If you have many, smile.
Good luck and good night.
Keep your friends close and your enemies closer. And all that.
Buy platinum when it hits 600, gold wherever and whenever you can and put the rest of your money to land and food. It's not pretty but it is what we incarnated for. In'shallah we make it through happily.