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03-16-2010, 04:44 PM | #1 | ||
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What is Going on in The Dollar Loan And Physical Gold Markets?
What is Going on in The Dollar Loan And Physical Gold Markets?
SOURCE: http://solari.com/blog/ It's Going To Implode: Buy Physical Gold - NOW ZEROHEDGE Submitted by Gordon_Gekko on 03/11/2010 07:29 -0500 Evidence seems to be mounting that we are headed towards some sort of implosion in the paper Gold market, and perhaps the currency/bond markets in general. Let’s take a look: Jacksonville, FL based EverBank – a bank with approximately $8 billion in assets and 1800 employees according to the company website – recently sent this notice to customers (courtesy of Warren Bevan): Quote:
Citibank recently issued this notice to its checking account (remember the type of account where you thought you could withdraw your money whenever you wanted? Well, not anymore) customers (via Market Ticker): Quote:
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03-16-2010, 05:41 PM | #2 |
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Re: What is Going on in The Dollar Loan And Physical Gold Markets?
Wasn't the Everbank the one George Green suggested? But to be fair he also said not to hold any non physical gold
Interesting times My only question is, what is to say that we will use gold in the future? there have been times in which a rare shell called spondilus was used as currency and same applied to salt in Rome... Thank you for the info |
03-16-2010, 06:07 PM | #3 | |
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Re: What is Going on in The Dollar Loan And Physical Gold Markets?
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so interesting... maybe simply trading of each others "goods" will do it. |
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03-16-2010, 06:25 PM | #4 |
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Re: What is Going on in The Dollar Loan And Physical Gold Markets?
George Green talks about Everbank for their baskets of currency so you are diversified from holding just USD.
It is very interesting for them to be telling people that paper gold might be worthless soon... It actually gives a little credibility to the bank trying to protect its investors. |
03-16-2010, 06:58 PM | #5 |
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Re: What is Going on in The Dollar Loan And Physical Gold Markets?
Here's what Dr. Doom had to say about Gold & Farmland Feb. 22 article. Don't know about the Gold, but farmland makes sense to me.
The world’s most powerful investors have been advised to buy farmland, stock up on gold and prepare for a “dirty war” by Marc Faber, the notoriously bearish market pundit, who predicted the 1987 stock market crash. The bleak warning of social and financial meltdown was delivered today in Tokyo at a gathering of 700 pension and sovereign wealth fund managers. Dr Faber, who advised his audience to pull out of American stocks one week before the 1987 crash and was among a handful who predicted the more recent financial crisis, vies with the Nouriel Roubini, the economist, as a rival claimant for the nickname Dr Doom. contd/............here http://business.timesonline.co.uk/to...cle7035913.ece Last edited by waitinginthewings; 03-16-2010 at 07:06 PM. |
03-16-2010, 07:04 PM | #6 |
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Re: What is Going on in The Dollar Loan And Physical Gold Markets?
GOLD is just a means to the way.
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03-16-2010, 07:07 PM | #7 | |
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Re: What is Going on in The Dollar Loan And Physical Gold Markets?
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03-16-2010, 07:18 PM | #8 |
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Re: What is Going on in The Dollar Loan And Physical Gold Markets?
well it is also land that can be bought up for cheap and if the market completely crumbles, isn't worth much less...
It is like the people in Arizona that bought huge parcels of land at $150 an acre when the market was booming, and now after the crash I see a few looking to sell it now instead of homestead as Solar farms... they raised the price to $175 because it is a great idea... but still selling for $150 |
03-16-2010, 07:24 PM | #9 |
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Re: What is Going on in The Dollar Loan And Physical Gold Markets?
Yes, food might become the real Gold. At least we can eat it. For the average person cannot buy Gold, but a few acreas of land would be "doable" & they can grow their food, even share it with their neighbors. Yes the more I think about it, the more I realise the importance of growing our own food.
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03-16-2010, 08:16 PM | #10 | |
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Re: What is Going on in The Dollar Loan And Physical Gold Markets?
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03-17-2010, 12:53 AM | #11 | |
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Re: What is Going on in The Dollar Loan And Physical Gold Markets?
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So why is the IMF dumping gold metals right now if the market is about to explode? |
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