It's time to sell your gold and silver. It's about to drop.
 

The USA just found what may be one of the largest deposits of minerals IN THE WORLD, in Afghanistan, full of iron, copper, cobalt, gold, silver and lithium.

From everything I'm reading they found insane amounts of gold and silver. Expect a rapid price drop very soon. :2 cents:

Now the USA not only controls 70% of the worlds opium but it also "found" this enormous mineral deposit with enough gold to refill Fort Knox. Reasons for the Afgan invasion are painfully clear now.

Americans, you have been lied to once again. You're all fools, that's a given but at least you can cash in on it!!!! SELL! SELL! SELL!

it will take 10 years+ to start getting that gold.

i also thought the inflated gold prices were just a setup.

there is enough gold sitting around everywhere just waiting to be mined.

when they do you can bet the price will drop bigtime

If it was recently just found you would be correct. However this was found (a while ago I'm not hearing) by a team of PENTAGON staff along with US geologists. I've been reading everything I can get my hands on since news broke and from what I gather they have been looking for this for a while and already have mine equipment there and ready and may actually be mining it already. The news that just broke is not new news at all, it just leaked to make it sound new.

Why would people from the Pentagon be there looking for such minerals?

It doesn't matter what you think or what color your tin foil hat is, this is happening right now and I'm going to make a lot of money (again) off it. If you snooze you lose.

I have not been wrong yet. Bookmark the thread and visit in a year. Be smart and keep up to date, but let me know how much money you made. :thumbsup

Yes, sell your gold! Sell it to me please...

Yes sir.

You can expect a HUGE (and fast) spike in oil soon too.

it was actually *discovered* by the russians when they invaded afghanistan.

One more thing is this deposit has what they think is THE WORLDS LARGEST deposit of Lithium.

Lithium is a drug. Find what pharmaceutical companies are running Afghanistan and buy their stock, it's about to go up.

It's also a key raw material in the manufacture of many batteries and little items like Blackberries. So find out who is going to mine this shit and buy them!!!!

listen to mr cool ice!!

I didn't know this.

So the Russians lost, had to leave Afghanistan and and its occupied by the USA. I do know that the Taliban banned opium growing in 2000 and the US invaded them in 2001. Also know that many privately owned military companies (like Black Water) are being paid by pharma companies to guard the poppy fields.

Amazing isn't it?

By year end Gold will be higher than it is now.

In 12 months it will be higher than now.

Good luck with your prediction...

yes, it's amazing. thing is, it's also a clusterfuck. the minister of mines was bribed by the chinese to secure the rights to those minerals, the karzai government is quite corrupt and the country isn't really setup at all for a mining effort that those minerals require.

i am not saying you are wrong, but i do know there's a lot more involved than the u.s. simply getting those minerals and the rest of us watching the prices tumble overnight.

You are one smart cookie, i like your way of thinking. :)

Of course it's not going to fall tomorrow. But it's going to come, and fast, as soon as news breaks of the mining of it. I don't think it will be as long as 12 months, but it may. I'll keep up on this and when the news comes of them mining it, it will drop. Considering the Pentagon is already there, that shit is going to come out of the ground fast for several reasons and it couldn't come a better time when the USA is about to fall on it's face financially. A TRILLION DOLLARS (or more) of minerals here. That is big news.

I'm calling it now, there will be a 15% - 20% correction.

If the 'supply' of gold was a factor in the price of gold, then gold prices wouldn't have ever increased and for sure never increased like it did.

The value of gold is fake, it's not based on the supply of gold. It's going to come down, but not because the supply increased.

There's nothing "inflated" about the gold prices. It's a precious metal that has no significant industrial use, it's rare, and it's a safety net against inflation. I'm not dropping my gold anytime soon.

Actually, it's ALL based on the supply of gold, I have no idea where you learned economics 101, or if you ever did. Basic economics deals with supply and demand. The less the supply, the higher the prices. The greater demand of that rare supply, the HIGHER the prices go.

I bet the Chinese will get pushed out of this one. I don't believe the USA would have stayed there, in what is now the US's longest war EVER, to share such a thing with the Chinese or anyone else.

There is a reason they have endured all these years fighting no one in the mountains. Yes, running the opium trade is not a bad business but this is a good find.

Another thing for Americans to question is why are your tax dollars being spent for mineral exploration in Afghanistan, a nation that harbors terrorists.

You can not look at gold as a normal commodity. There is nothing fake about it. When fiat currencies begin to lose trust people often put their money in gold. People have done so for thousands of years and will continue to do so.

I would not be surprised to see gold hit around $5,000 an ounce, the DOW hit around 5,000 AND the /DX to be over 100.

Eventually I agree with you. It WILL rise again and keep rising. I don't don't know about $5000 but it wouldn't surprise me if it did. What I'm saying is, it's going to take a nice drop before it rises again. As much as 20%. But yes it will rise again and go up, up and up.

You and I have the EXACT same predictions. Definitely looking for the Dow to retest last year's lows and go lower, while Gold going up 4-6000.

I hope you are right. I hope gold crashes. I will buy it with two fists.

You and me both. As much as 20% I think it will drop. Then it will go back up and away.

you should sell it on first sign of drop!

Don't count on it, especially with the continuing currency debasement worldwide.

That is not true. It's always going up and down. It's down today already. It took a little dip in May but came right back up.

It's not going to "crash" but you're going to see it below 1000.

I don't think so. The people who thought Gold would see a correction around 850-950 have been wrong thus far. I just don't see it happening.

I'm agree. I don't really expect much of a decline, unfortunately.

Why unfortunately? This is the flaw of fiat based monetary systems.

Yeah, I agree eco 101. The problem is we don't have less supply and we're not running short on it anytime soon or ever. The price isn't increasing because we have less gold.

You can still find gold laying in Rivers in America, let alone what's in the ground around the world. If it's demand for use in products has gone up, that is still so minor in the overall amount of Gold - that we can throw our products away (trash the gold).

When you buy gold, you're not actually buying gold - you don't take away gold from the supply (in most cases). All someone has to say is, they aren't paying on those notes - and it's over.

No different than the money supply or stocks, you're buying a tiny fraction of real value and the rest is bullshit.

I think gold / silver are vulnerable to a correction as well, but not for the "afghan" reason.

I think it makes a great story / catalyst that could fill in the "why" after the fact -- if metals and/or other mined commodities correct.

Longer term, I think metals are still in a bull market which should last several years.

Yep and in other Countries it had no value at all...they gave it away. If you can't trade gold, if nobody will give you money or gold for your notes because everyone is trying to trade them in - it has no value.

People are buying stocks, not gold...

Because I want to buy more on the cheap...

You mean buying GLD vs. physical gold? Most people I know own physical gold. I have a couple million in physical and zero "paper" gold. I am investing in gold and have no plans to sell anything anytime soon. People that trade gold often use GLD because it's easier to transact. I don't really trust it.

First off, there's supply side and there's demand side. On the supply side, we ARE running out of gold. In this particular instance however, Gold is going up because we're in a worldwide depression and faith in fiat based systems is shattering, so Gold is and always has been the way out. No, you're talking about etf's which constitute a small percentage of gold buying. I happen to have 15k worth of physical gold bars stored in a vault because when push comes to shove, etf's are as useful as the US dollar.

This is completely misleading. More people buy stocks because there are more stocks than actual gold for sale in the world. And if you look at anytime the Dow rises these days, the volume trading is down. When the Dow drops, the volume is huge. This means that a small # of individuals or companies manipulate the price of the stock by buying large amounts of it.

yhm...didnt you also advice to buy bp stock??

15k in gold seems a bit short if the fiat system collapses and dollars are worthless as you predict.

Are there any other preparations you are taking in advance of your predictions?

If you don't mind me asking, where do you live?

Texas, and law school is going to cost a lot of money so 15k is all I can have there lol.

Nice, but most people don't have physical gold... being that you do, I have a question. If the economy's around the globe fail; who, what and how would you exchange your gold?

Gold has value because people are buying GLD like mad.. making the demand go up, when the supply is solid. If banks or reserves aren't exchanging gold, because they have nothing to exchange it with (a eco issue) - how does it have value?

Gold has been the central medium of exchange and store of wealth for millennia, so people will always find a way to trade it.

I see. We have an office in Austin -- lived there from 1997-2000. I really like Austin and all the hill country.

So no storage of arms and food/water? :winkwink:

Time to invest in those mining companies ;)

How did it do during the great depression and depressions/recessions before then? If you can't exchange it, it has no value.

Exchange wise, or movement of anything with value, produces wealth. If it's gold, stocks, money, or chickens... as long as you can move it - wealth is produced, if it can't be moved/traded/exchanged to keep the 'flow' going, it has no value.

Gold has value because people are buying it...(money is moving) the amount of money in gold does not equal the actual amount of gold people can get. It's value is fake.

I'm not expecting the Apocalypse, but I do have gold in a variety of shapes and sizes. Large bars, small bars, coins, etc. I'm also sitting on a large amount of cash right now so I'm not all in on gold.

The biggest risk I see is gold becomes too valuable and it is made illegal again. The US government did this before and it could happen again.

For sure a ton of money to be made with gold... no doubt about that. If the Afgan find does drop the value, it's going to be a time like no other to buy. Assuming the worst doesn't happen, gold will be making money for a long time or until people get tired of buying it.

The hill country is amazing. And no storage for anything lol.

During the Great Depression Roosevelt forced everyone in America to sell their gold to the Federal Reserve and made it illegal to hold gold bullion, coins or certificates. He did not do this because it had no value, but rather the opposite...

Well, this is the main point I ask people to recognize, the "depressions" you refer to were deflations.

Gold is money. The idea is that if one has gold in an inflationary (especially hyper-inflationary) environment, they protect their purchasing power. Fine -- in an inflationary environment.

In any event, there is the problem of using it as a medium of exchange -- meaning that some but not all people you want to accept gold as money will be willing to do so.