A quick update for Apmex shoppers, they have included Malaysia and Singapore in their address portion of the account, so update your account details and the amount you see on their website as you checkout will be the actual/final amount you pay. There are no other associated charges other than your RM25 bank charge to wire them across. If in doubt, chat with their sales or just email them.

Thanks for the acknowledgement GoldChan.

I took time off to focus on dollar cost averaging my purchases as well as studying the latest info put out by the Tea Party think tanks on the future.

The price is definitely looking good now, thanks to the sheer volume of paper (currency) thrown at it. I reckon it gets better going into the New Year. I am waiting for my next purchase.

One other item I would strongly recommend to all metalbugs:

Read James G. Rickards "Currency Wars" and you will have a good idea on what the future will be like. You can find it at Kinokuniya. It's hardcover an going around RM99.00.

Regards
Pub Mutt

Mike's intentions weren't about silver and gold per se, but rather the cycles of wealth in history. We are in that cycle in history for that wealth transfer and positioned so by investing now.

Following the herd imparts a feel-good factor that we're on to something big that's coming and we're going to profit tremendously from it, but the most important lessons to learn is not to get attached to the metal (as we all do with shiny bright objects) and to exit just before the top.

So the question begs -

1. When/What/How does one consider the top to be?
2. What is your exit strategy?

It is interesting to note that the local authors put out the books now rather than before the awareness began (like maybe 2008?). One must wonder whether they too are cashing in on the awareness? I recall browsing through one at the bookshop and it contained little new information that other authors haven't covered.

Regards

Property101

Dr.Kong, I presume, is an academic and I reckon he:

1. does not want to reveal too much because you haven't paid him enough to do so or

2. does not know the answer because he does not have the werewithal to track and integrate world affairs, business and economics to make that call.

Mike has a team that looks into all of these aspects (he refers to it as a "basket of indicators") before he comes up with a call to exit. Some of the indicators include:

1. Gold:Silver ratio (straightforward choose your number)
2. Amount of silver to buy a median sized house (tricky one for definitions)
3. Amount of gold to buy a share of the Dow

The simple solution to know this?

1. Buy from Goldsilver (win-win situation)
2. Subscribe to WealthCycles (cheapest at USD226 per year)

There are other premium newsletters but they cost a mint (RMxxxx.0).

I hope this helps.

This post has been edited by pubmut: Dec 29 2011, 12:17 AM

For the sleepless, the apmex retail price for silver just started dropping below 30 for the monster box. Need I say anything for gold? What good news for us, except that all are waiting with baited breath for that bottom that will never arrive.

Chef
It's past midnight and you're babbling.

As long as you dig/drill for something, it is finite. Trade your PMs for bicycles, a farm (or farms) with good water source, various seeds to plant and a truly ecologically sound house to live, not to mention guns and ammo to go with it - seriously.

Rgds

Ladies and Gents

The currencies will not collapse per se, only be replaced by another currency simply because it is the most convenient (and lightest) form of exchange. In fact, the new world currency already exists, and it's not the Yuan, USD, Euro or any other currently denominated paper. The new currency is likely to be SDRs (Special Drawing Rights). These then are likely to be backed by gold/silver, depending on whether the world govts agree on the implementation of a gold standard. The gold standard itself is subject to interpretation by each economy that adopts it.

Confiscation of metals are unlikely for world govts as it would not make economic sense, and by doing so would incite civil war. History already shows that countries that went into default didn't do what the US did, and even as it stands right now with the PIIGS nations, things become difficult, but no signs of metals confiscation, however, things can and do change very quickly...

In the meantime when things do get hyperinflated, barter trade is left, so that's why it's good to have a community of like minded people doing different stuff that can be shared amongst them (you wouldn't want to be eating the same food every day during the time the world govts pontificate over what to do).

So, our preparations for extreme conditions (short of a nuclear winter) are handy but may not turn out to be necessary, other than food, water, a roof over our heads and simple means of transportation. The need for guns, bows, arrows, knives and hatchets are probably necessary in areas where one lives in, i.e. affluent areas, simply because of the disparity between the haves and the have-nots will show when hyperinflation kicks in, and I need not illustrate any further on this.

Having said that, there are communities already in existence in the West by like minded individuals in my research. Maybe it is a bonus to have this type of community amongst us as a preparatory move when TSHTF.

Moreso and importantly would be the establishment of a new generation of people who can re-establish a proper govt (non-aligned and with more decency and common sense than the one we have with mudslinging etc) and economy that reflects the better nature of Mankind.

Regards

Thanks Taurusbull. Here's one to end 2011:

Summarising 2011 in 9 charts

May 2012 bring forth more windfall opportunities to us all.

Regards

There's a possibility of another downtrend within these couple months (Jan/Feb), and the possibility of it being even lower than what we're seeing this past week in the metals. How much I wouldn't want to speculate, but it's coming. So do have some spare cash to "back up the truck", as they say, before the rubber band effect comes into play.

Here's another look back on 2011 (apologies if the charts are huge as it cannot be reduced from the source):











Happy New Year.

The Reuters article illustrates the typical shortsightedness and mentality of the herd, which is good for us.

I would personally like to see PMs drop below USD1400 for gold and USD20 for silver. As well, the exchange for the USD to 3.0. A perfect mix to back up the truck.

I find this to be misleading. You should qualify your statement in detail so as not to mislead the uninitiated.

Regards
PM

Thanks to property101 and taurusbull for the clarifications. It does help the newbies and pros figure out what to do.

Cycles do exist for each asset class and we need to be good history/cycle students to understand these cycles and profit from it.

My exception to your statement, property101, was with your general assumption that properties will all rise in value over time. In the very long term (>15 years) it _may_ be correct, and I say "may" as it is also dependent upon type of property, location, infrastsructure, time of entry, loan rates and all associated factors.

I will emphasise the understanding of property cycles and time of entry as I, too, have experienced the negatives of all items mentioned above. Therefore, your general statement does not apply to me, despite the fact that currently we are in a property boom/bubble. I am only thankful that I have more than enough earning power to get through it.

Taurusbull, the historic cycles of asset classes need to go back further than 15 years in order to get a good feel of the trends, but I believe you know that.

Thank you again for your clarifications, as I do believe all will profit from it.

Regards
PM

Off topic, but newsworthy.

A Global History of Debt by Region

It certainly is propaganda. Switch places and we'll still have the same results.

To turn left when everyone turns right requires the strongest political will and dogged determination as a trading nation. Geopolitics, economics and mass psychology are very tricky subjects for one to master because it involves a number of interlinked factors like govt, banks, businesses, thought leaders (and I don't mean govt) and an educated populace - factors that need to be synchronised. Therefore, it matters little given what we've got here - it is a mathematical inevitability.

Regards

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Added on February 9, 2012, 3:19 pmBrazil has never gone through an implosion like Argentina did, therefore it isn't possible for them to survive this. Argentina went into hyperinflation and survived and they (the govt and people) remember. It's a long story for Argentina but you can read it up.

When I started studying this subject, I have noted that our Central Bank's money supply follow a similar track to the West. It's just that our Central Bank has been able to hide the numbers better and I don't have the financial wizardry to slowly tear it apart. If you have time you can go through their website and look at their money supply numbers dating back to 2008 and beyond, but I believe 2008 is a watershed event that can be boggling.

Regards

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Added on February 9, 2012, 3:28 pmIt will. For example, MF Global. Do you know what transpired? If you know nothing of it, let me know and I'll post the links here.

Regards

This post has been edited by pubmut: Feb 9 2012, 03:28 PM

Here's an interview to whet some appetites for Dinar and Dirham.

 e_DinarInterview.pdf ( 236.52k ) Number of downloads: 54


This post has been edited by pubmut: Feb 10 2012, 10:02 AM

The current talk is about yuan being the reserve currency. If you note the present geopolitics, the Russians and Chinese are already drawing the line with the US, and considering the fact that they are all intimately tied at the hip, it's going to be tricky.

The possibility would be a basket of currencies like SDRs (Special Drawing Rights), hopefully backed by gold/silver. One can use electronic money to make things easier.

Here's a good commentary and I suggest you add it to your favourite viewing list

You're now an Extremist

The local authors are cashing in on the public domain information gleaned from other books.

Is there anything really new about this?

Hmm... in that case, whomever reads this thread and the Gold thread can pretty much write a book and make some passive income.

It's sad that we don't really have any original or fresh perspectives on this topic. That's why we're not being viewed as creators.

Here's one to chew on:

We all know that central banks are printing paper the world over.

Can we prove it here in our beloved country?

If someone can show really strong statistics (dating back to the first inception) to prove it here, then he/she/they can claim some bragging rights with his/her/their book.

Our central bank head was recently interviewed on BFM Radio (check podcast on website) and she's certainly better than Bank Bernanke, though there were some dubious statements made during the interview of which I thought the interviewer was too respectful to do a body slam (and BFM had even bragged about their journalists being hard hitting - not so with this interview).

So howsabout it - prophetjul, cherroy, goldchan, property101, other experts (some lurking) on this forum?

Can we pull it off?

Rgds

When you localise the content, property101, it has originality despite some content quotes from other authors. That happens in most text you find today.

What I don't appreciate is, like you said, when someone (local authors) claim others contents and ideas as their own. I think they should be sued by the original authors for plagiarism.

My question is - why didn't these local authors create something BEFORE Maloney, Morgan, Rogers etc.?? Why now? to quote the title [pun intended]

GoldChan

One expert per chapter is fine. We can all use pen names so no need to worry about Pencuri.
An expert need not be a trader or hoarder of PMs. Just like an economist - have you seen a very rich economist?

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Added on March 16, 2012, 2:12 pmIf you believe that selling a book makes you poor, there are some questions that need clarification:

1. Why are bookstores still around?

2. Why are there still books being published all the time?

3. I wonder if JK Rowlings is also a PM trader since she cannot possibly make any money from Harry Potter?



This post has been edited by pubmut: Mar 16 2012, 02:12 PM