People working in Nepali bank tell me that if oil price keeps on rising (basically if average price of oil here in US reaches 5 dollars), it wouldn't be surprising if dollar weakens and goes to 60. It seems it is already overvalued.
Anyone knowing more than this, please provide your input.
Posted on 06-08-11 9:39
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I buy straight from the dealers in NY. I really don't have much idea on how to buy online but there are some good sites like midasresources.com
Thank you for that site aman bro.
pimp kalu bro, I have substantial amount deposited in Nepalese bank. I calculated that it was wise to deposit money in Nepalese bank than in the U.S bank. The interest rate is quite good there. When I travel to Nepal every year for a vacation, I spend the interest earned. I earn about 5 lakhs on interest each year. This time around when I go there, I am thinking to convert the savings into physical silver. The timing could not be right. The huge manipulation in silver market by JP Morgan is a time-bomb ticking to be exploded in silver market. People got scared to buy silver because of sudden decreases in the price. You have to understand how the FED manipulates the silver ETFs to keep the value of dollar up ARTFICIALLY. It will be wise for all to invest in physical silver metal. I already own many ounces of physical silver. Eric Sprott Interview: Silver Prices Manipulated Down by Raid
"I believe that gold today is the de facto reserve currency. It's outperformed everything for 11 years. Silver has always been a currency, people are now treating it as a currency, and it's a very, very small market. There is no way that with roughly $50 billion of silver inventory around that we can make it a currency, so I see the price going much higher." And on the ridiculous recent trading volume in silver: "One of the things we should look at is the trading of silver in the paper markets, I mean the Comex and the SLV. Last week it averaged 1.2 billion ounces per day. There is only 700 million ounces mined in a year. There is only 33 million ounces of physical silver that is available for delivery by the commercial shorters. If something like 3% of the people that were trading silver in one day demanded physical delivery, there would be no silver on the Comex.... The key market is the physical market. I don't think this raid is going to work."
Posted on 06-08-11 3:29
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Is anyone even listening to me or am I just being "लाटोको देशमा गाँडो तन्नेरी " ?
I have been researching the "New World Order" passionately for several years and many researchers that I rely on predicted the financial collapse way ahead. I relied on their advice to buy gold and silver as well. We were informed by Daniel Estulin in 2006 when the Bilderberg insider leaked the information to Daniel on how the Bilderberg group would collapse the global economy in the Bilderberg meeting in 2006. By the way, the Bilderberg meeting 2011 is currently being held in Switzerland. So my friends, nothing here is happening accidently. The ILLUMINATI are in total control.
My own analysis is that we are now moving to the next phase : Second Greatest Depression. There are already tell tale signs to it. It would be wise to protect the value of your savings, if you care to. Please seriously do your own research.
Disaster Not Averted
"The latest jobs numbers and the very real chance of another Great Depression. "
"At some point, the pain of high unemployment across the country may lead to some new thinking in Washington, but until that time, welcome to the second Great Depression."
Posted on 06-09-11 11:07
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I am into IT. Currently doing my masters in Comp Sci. Also have a degree in Economics.
I am really fascinated by the Austrian school of Economics and wants to persue a PHD on Economics in future.
I started purchasing gold after finishing my undergrad and landing my first job as an IT professional. Most of my savings went on to paying on as much as $40000 in credit card debts and all. I was addicted to credit cards back in the days.
As part of my research on the "New World Order", I learned about the debt-based Monetary system of the U.S and how it helps the bankers to create money out of thin air. It's baffling ! Because of the "dishonest" monetary system that we have, we are a modern day slaves of the bankers.
“… our whole monetary system is dishonest, as it is debt-based… We did not vote for it. It grew upon us gradually but markedly since 1971 when the commodity-based system was abandoned.” The Earl of Caithness, in a speech to the House of Lords, 1997.
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.
“I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.” Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford, founder of the Ford Motor Company.
“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus.
The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.” John Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing in ‘Money: Whence it came, where it went’ (1975).
The U.S. is approaching a financial crisis worse than 2008, Jim Rogers, chief executive, Rogers Holdings, warned CNBC Wednesday.
Rogers said he is "not long anything in the U.S." and short on American tech stocks. He owns Chinese stocks as well as commodities and would love the world price of silver and gold to come down so he could "pick up the phone and buy more."
An exhaustive report by Standard Chartered predicts that gold[GCCV11524.909.30(+0.61%)] will more than triple to $5,000 an ounce because of a lack of supply, not just because of a surge in demand that most bullion bugs cite in their bullish calls.
Gold prices have been on a roll over the past few years. The precious metal has given a return of about 160% in the past five years. That is, if you had invested Rs 100 in gold back then, it would be worth around Rs 260 today. Now, compare that to the investment made in the stock market during the same period. The 50-share NSE Nifty Index, which is a broad representation of the Indian stock market, has grown by around 83%, which means that Rs 100 invested in the stock market five years ago would have grown to Rs 183 by now.
The point is: return from gold has been almost double than from stocks. But that, as they say, is the past. What about the future? Will gold continue to perform as well as it has in the past? The answer is most likely yes. Gold prices will continue to rise even further in the days to come. Here are some reasons why.
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महानियिका प्रियंका कार्कीजीलाइ खुल्ला पत्र !
TRUMP 2016!!! Here is why?
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