***Citibank Internal MEMO......in their own words***

Quote from stock777:

Too many obsessed with gold , which will not save you when the starving hoards come through your window to steal your bread.

Solution: golden shotgun. Shooting two birds with one stone.
 
Quote from ehorn:

Physical Gold is money... period...

No, it isn't. If I cannot get what I need with it because it is not liquid, then it is worthless.

It might have value, much in the same way a Pete Rose Rookie Baseball Card has value. But if no one is willing to give me what I ask for it then it is not liquid, and therefore not money.

I go to the store and get food with money. If I take gold to the local Acme food store, I cannot get a gallon of milk. If I take an ounce of gold to the gas station, they won't fill up my car.

If the economy suddenly collapses, you think someone is going to have an instant medium of exchange set up so only those with gold will get what they need? Of course not. Deliveries won't be made to the grocery store. Food won't be able to be purchased with precious metals.

If anything, total anarchy will see a return to the BARTER system. Gold won't be worth squat.

Friggen tin foil hats.
 
Quote from Ivanovich:

Lunatic site. It's too bad I can't move this thread to Kitco.com where it belongs, with the alien abduction threads.
You don't have a fricken clue how great the food is grown from these NON-GM seeds!!! Go eat your globalist garbage food from ADM or Monsanto GM seeds........ENJOY!

http://www.survivalistseeds.com/ ....these NON-GM seeds grow some of the best tasting food you will ever taste!!! :cool:
 
i think both sides are extremes - us financial will collapse/dollar worthless/everyone rioting vs we will be ok in a few years.

Reality usually lies somewhere in the middle, once the immediate crisis is over (and it will be over), inflation will start to kick into high gears as the global investors pull out of dollar safety compounded by the trillions $ we printed from the current crisis. It will be a replay of the early 80s problems. But things will eventually return to normal, US will be ok but in a weaker state. Soon after that, the social securities will come due, but that's a different story for another time....

That's why i have already started building my long term positions in commodities as I believe the current price crash on top of the inflation spike predictions going forward present a good entry point.

Bought oil, agricultures, researching base metals. Staying away from gold, because it's not a "pure" commodity influenced too much by external factors and stock performances.
 
Quote from Debaser82:

If Citibank triples in one week it doesnt means the world thinks the financial system is saved and they don't have all that shit on their balance sheet anymore.

It just means there are more buyers than sellers.

Same should apply to gold.


Doesnt has to have a reason.

Just more buyers than sellers.
=====================
Dser;
Or could mean there is some short covering@ last:D Some low priced stocks wouldnt go up at all if not for shorts buying to cover.

Also i hope that Citigroup gentleman doesnt mean by ''possible wars'';
that we are not in a war with Islam now-that could be a fatal /deadly mistake.Islam is not a religion of peace.

Imagine all the bearish trends that could result if some persist thinking appeasing murderes/terrorists could promote peace, or Islam is a religion of peace.

Islam is not a religion of peace;
TN banker Larry Bates said ''that is simply pandering for votes'',with all due respect.

Peace;
thru strength.:cool:
 
Quote from Landis82:

Analyst Tom Fitzpatrick ( as do many ET posters conveniently ignore ) the fact that the world's central banks can also drain "liquidity" out of the banking system too. Does anyone really believe that the FED is just gonna sit on its hands and allow all of this liquidity to remain in the system as the economy finally gains some traction and price stability occurs from all of the current deflationary pressures?

Are you fucking retarded? Or have you been on drugs for the last few decades?

The Fed has not drained liquidity since 1930s.
 
Quote from Ivanovich:


If anything, total anarchy will see a return to the BARTER system. Gold won't be worth squat.

Precious metals hold value and function just fine in a barter system.

BTW, newsflash. Gold & Silver are divisible.
 
Paddy Power was making a market a month or 2 back on which major city would be the first to riot.

New York was favourite at 9/4.
 
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