Guest Post: Where Should I Hide My Precious Metals?

We present AGXIIK’s thoughts on the hiding of your precious metals with one caveat: The Doc does not recommend storing your PM’s in a safety deposit box, as he believes that if the government ever were to conduct a gold/silver confiscation, PM’s in safety deposit boxes will be confiscated, PM’s held in your own possession under your own roof will not.  We encourage all SD readers to chime in on this issue and share their thoughts on the best place to safely store your precious metals.
From AGXIIK:

Where Should I Hide My Precious Metals?
Hiding PM’s is a tough decisions and there is no one perfect answer. [Read more...]

Silver Explodes Through $32!

As expected with it’s strong action through Friday’s close, silver has exploded in today’s London and electronic market trading, blasting .45 higher to $32.28, and slicing through $32 like a hot knife through butter. 

We expect some resistance near $32.50-$33.  If silver is able to clear this level as volume returns to the markets come Tuesday, silver will likely target $35 in a disorderly move to the upside. [Read more...]

Gold Mines In South Africa See Strikes As Industrial Unrest Spreads

Some 12,000 workers at a gold mine operated by Gold Fields have gone on strike, in the latest industrial strife to hit South Africa’s mining sector.
Julius Malema, the expelled leader of the youth wing of South Africa’s ruling African National Congress, will address Gold Fields Ltd. workers who started an illegal strike at the continent’s biggest gold-mining complex.
A decline in support for the National Union of Mineworkers, South Africa’s largest labor union, is opening space for other organizations to recruit, leading to unrest at operations and divided, protracted pay talks.
The KDC mines, which employed 26,685 workers including contractors last year, produced 1.1 million ounces of gold in 2011, or 31 percent of Gold Fields’ output. The East section produces 1,660 ounces of gold daily, spokesman Sven Lunsche said by phone on Aug. 31. This is the biggest unprotected stoppage Gold Fields has faced in at least three years. [Read more...]

Jim Sinclair: US, EU, Japan, & China Likely Discussing Coordinated Central Bank QE!

The legendary Jim Sinclair sent an email alert to subscribers tonight, stating he believes that the US, EU, Japan, and China are discussing coordinated Central Bank quantitative easing announcements.
Sinclair states that the economic problems are currently so severe and insoluble that only coordinated global easing will successfully kick the proverbial economic can down the road one final time.

Sinclair also repeats his call that gold is going to and through $3,500 an ounce, here and NOW! [Read more...]

Black Swan for Gold? 12,000 S.A. Gold Miners Go on Strike

Gold nearly touched $1700 Friday on speculation Ben Bernanke and The Fed will soon publicly announce QE3.
While additional QE impacts the price of gold from a demand side standpoint with traders and investors acquiring the asset in order to protect themselves from currency devaluation and debasement, gold’s supply side might have just experienced a black swan event, as 12,000 South African gold miners have followed their platinum miner counter-parts by going on strike from Gold Fields.
Gold Fields is the world’s 4th largest gold mine, and the strike is costing the firm 1,660 ounces of gold a day in lost production according  to Gold Fields’ spokesman Sven Lunsche. [Read more...]

Q&A With SD Readers: Will Land Be Worth More or Less in Terms of Gold or Silver After the Collapse?

LP writes:

I live in an apartment. I have some silver and gold. I want to live on the land, and own my place. But I am not sure if I should buy land right now.
My question is: do you think I should wait for silver and gold to prior to purchasing land, or it does not matter as land will increase in value as wel?
I know as a fact that in 10 years I will be able to buy those cheap-looking suburban houses for a couple of Au oz.
But what about good quality land? What about land where you can hunt, get some woods, or grow things? Will they be worth MORE or LESS in gold or silver as they are right now?
And what about quality of life as well. I am trying to put that in the equation: every year is not coming back.  So how do I put a price on those years wasting my time in an apartment instead of living on the land…
But still: if I buy now I put myself into debt and I must sell my silver and gold.

We decided to open this Q&A up to the collective wisdom of SD readers this Labor Day weekend.  The Doc will chime in later in the weekend with his thoughts on the issue. [Read more...]

Beat the Bank Run- IF YOU ARE THE FIRST OUT YOU GET THE BEST DEAL!!

Submitted by SD Contributor AGXIIK:

Dr Willie has advised us that Morgan Stanley appears to be on the ropes.  I’ll weigh in with my observations and some ‘on the ground’ suggestions.
MS failure?   That would explain the 600 CPAs hired at $500 an hour to dive into an unnamed bank  on Wall Street.  No one has named the bank or banks that received a hypo from the Fed in the last month.  It was $800 million and this is the first time since 2008 that the Fed has done a hypo.  Someone was real short on liquidity.

If you are in the umbra of MS your money will be gone ala MFG, protected by the 7th Circuit court ruling
that your money used as collateral is now the property of the creditor.

IF YOU ARE THE FIRST OUT YOU GET THE BEST DEAL.

[Read more...]

Jim Willie: Morgan Stanley Faces IMMINENT FAILURE & RUIN, May See 1st Private Stock Account Thefts

Jim Willie’s latest Hat Trick Letter, ‘Firestorms & Currency Twisters‘ is a MUST READ!!
Willie states that Morgan Stanley faces IMMINENT FAILURE & RUIN, that The older employees are selling all of their stock, and that Many workers are making contingency plans for their next positions in another firm.
He states that JP Morgan will devour the carcass, and that The Morgue may be preparing to execute the 1st ever private stock account vaporization/ rehypothecation.

AN ABSOLUTE MUST READ!!!  [Read more...]

THE FORCES COMING IN THE GOLD & SILVER MARKET ARE TREMENDOUS: PEAK SILVER IS AT HAND!

Submitted by SD Contributor SRSrocco:

The world doesn’t yet realize it, but the forces coming down on the gold and silver markets are truly unbelievable.  These forces can’t be comprehended by any type of charting.
Presently, much of the focus in the gold and silver community is in the MANIPULATION & FINANCIAL SYSTEM.  However the physical forces coming down on the market are MUCH GREATER!!

NO ONE HAS A CLUE HOW TO PRICE GOLD AND SILVER IN A PEAK ENERGY ENVIRONMENT….ZIP…NADA….ZILCH! [Read more...]

Silver Update: Banana Republic

BrotherJohnF’s latest Silver Update:
Banana Republic [Read more...]

GAO Audit Reveals Fed Gave $16 TRILLION to TBTF Banks From 2007-2010

In 2008, the American public was enraged as Hank Paulson shoved an $800 billion bankster handout named TARP down the throats of American taxpayers.
The recently completed GAO audit of the Federal Reserve as required under the Frank/Dodd legislation has revealed that the true number given to TBTF banks during the financial crisis was nearly 20 FOLD LARGER AT $16.115 TRILLION!!

In fact, 7 individual TBTF financial institutions each received bailouts in excess of $800 billion through various 4-letter acronym lending facilities!

The GAO report reveals that Citigroup received an astonishing $2.5 TRILLION, Morgan Stanley (who again may be on the verge of collapse) was bailed out to the tune of $2.04 TRILLION, and Goldman Sachs & JP Morgan received over $1.1 TRILLION combined! [Read more...]

Silver COT Report 8/31/12: Commericals Increase Net Shorts by a MASSIVE 30 MILLION OUNCES!

Submitted by SD Contributor Marshall Swing:
SILVER COT REPORT 8/31/12

Commercials sold off a massive -5,107 longs on the week and added a minor 990 shorts to end the week with 47.07% of all open interest, a solid increase of +0.60% in their share since last week, and now stand as a group at 192,870,000 ounces net short, an increase of another MASSIVE 30,000,000 net short ounces from the previous week.  [Read more...]

Gold COT Report 8/31/12: Commercials Increase Net Shorts a MASSIVE 3.24 Million Ounces!

Submitted by SD Contributor Marshall Swing:

GOLD COT REPORT 8/31/12

Commercials sold off a measly -1,147 longs while breaking the bank picking up -33,549 shorts to end the week with 56.47% of all open interest, an increase of about 0.41% from the previous week in total open interest, and now stand as a group at 20,362,400 ounces net short, a huge increase of  3,240,200 ounces net short from the previous week[Read more...]

Gold and Silver Continue EXPLOSIVE MOVE HIGHER, Target Close of $1700 and $32

Perhaps we missed Bernanke’s official announcement of QE3 today, because the metals sure are trading this afternoon like The Bernank just officially announced $3 Trillion of asset purchases.

Gold and silver have accelerated their rise during this afternoon’s electronic access market trading, with gold within a hair’s breath of a weekly close above $1700 with a last of $1694.20, and silver nearing $32, up nearly 5% on the day to $31.88!

Folks, with Jackson Hole now in the rear-view mirror, the gold and silver train is getting ready to leave the station. [Read more...]

Susanne Posel- Keep Your Money In This System & LOSE It All

Our friend Sean of SGTReport.com has brought on writer & researcher Susanne Posel of occupycorporatism.com to discuss recent court rulings declaring it LAWFUL for banks to use YOUR money to pay THEIR debts and bad bets. It’s all in place now with legal precedent, so if you lose your money to these banks in the future, just remember YOU WERE WARNED.

Susanne also explains that the global “Elite” don’t really ultimately care about your “money”, they PRINT the stinkin’ money! What they are really after is our SOVEREIGN debt and the land of our entire nation; ALL tangible wealth pledged to them, FOREVER. [Read more...]