Oldtent Archives 2007 - 2008

Seems to me that the fact that Putin is on the cover of Time may indicate he is Illuminati.

Facts,

Goldman Sachs is the most corrupt organization in the world with a presence in 23 countries, and a mandate to serve Corporations, Governments, and high net worth individuals. Putin I know very little about. So, unless you add “None of the above” to the ballot, I ain’t voting!

silverngold

looks like another leg up in the bean oil to about 51.50.

rno

Time for a poll (less hidden from view)…

Given only 2 choices…Who would you trust relative to Gold?

Putin?

Goldman Sachs? 

——————————–

I feel it’s a fair question as Putin rules Russia and GS rules the USA…perhaps Canada. etc.

……Cannuckgold…….I second that nomination…..AuDept is The Goldtent Man of the Year…..but he wouold never accept the nomination…..come on AuDept….just one post before the New Year……tell us what you think of your vision….how did it work out?

That is an imposing figure.  But can’t get on the guy.  He had the balls and kicked the banksters out. 

Sad point is…literally millions have suffered and died in the pursuit of dominance which has been perpetrated and perpetuated by small factions of either side of the culture clash.

Ron Paul best reflects my attitude toward the world situation.

Too many benefits accrue to those devils on either side who are able to build emotion to divide and conquer.  Simple as that.

I vote for AuDept for the Tent’s person of the year…..

Thank God for the Tent….

Your “Western” is exactly right. Check out the difference between

what has happened to the gold price between “western” and “eastern”

economic physophies over the past 30 years.

www.gold.org/value/stats/statistics/monthlysince1971.html

Some peoples know exactly what gold is and are not fooled by paper

immitations.

Auric

This have any impact on price rise today? Been holding 5000 shares a long time. Warrant option for 24 months might be a good gamble???

www.minandes.com/s/NewsReleases.asp?ReportID=278314&_Type=News-Releases&_Title=Minera-Andes-Announces-Proposed-Financing

…I lost it and would like someone to see it…thanks

I’ll take care of it personally, if you’d like.

Just send a note to pmtrader@yahoo.com with a ship to, etc. and I’ll have them sent out. I’ll reply with an address and an amount where you can just mail a check at your convenience.

All the best,

PM

That is exactly the message the boyz are driving home to the plastic and paper based economies of the western world. 

www.goldmau.com/content/contributors/lee_john/07-12-18.php

The one thing that get’s me:

“Gold has lagged behind oil and base metals such as copper since the commodities bull started in 2001. Theories for gold’s shortcomings are many. Ranging from gold’s antiquated status to the famous manipulation theory.”

I think that what some people miss is that gold is money. It is money

that pays for commodities. When you have a commodity that has high

demand/dwindling supply (like oil) then naturally the price goes up. The price

doesn’t go up as much though when paying in gold as it does paying in

worthless dollars or other fiat currencies.  I know the Arabs fixed the gold/oil

price way back at the start and then Nixon detached the dollar/gold and then

the stable values for trade went beserk.  Sure, we might not be shipping bars

of gold over to pay with but if someone wants 1oz of gold for 10 barrels of

oil then they will charge enough dollars to buy the 1oz of gold.

If gold isn’t money then what good is it?

Auric

 I recently talked an aquaintance of mine into investing in junior resource stocks. Due to the recent downdraft in their prices I was felling bad about it so I sent him the following pep talk.

Hi Gord
> As of late all the junior commodity resource stocks have been taking a big hit. This is nothing new, I have been through this at least a dozen times. Right now the banking industry is going through its worst crisis since the depression, some think it could get much worse than that. The spin on wall street is that since the world is going into a recession, the demand for commodities will fall. Many investors wiith the attention span of a gnat, are panicing and dumping their shares. With low volume shares can drop rapidly. Of course wall street insiders foment fear so they can be the buyers on the cheap.
> Until 2000 commodities were in a 20 year bear market. With no investor capital , there was no exploration or mine upgrades and existing mine resources were being depleted. Demand has since outpaced supply. As it can take 10 t0 20 years from exploration to bringing mines on line and withmost of the easy pickins gone, supply exceeding demand is not going to happen soon. The average commodity bull lasts 18 years. We are now about into the sixth year of a commodity bull. I remember a few years ago when oil was $40, these same wall street experts were saying over and over that oil was going back down to $30. Or when gold was $300 it was going to $200. Well oil is now$90 and gold is $800.
> Recession or no recession oil demand is increasing and supply is falling. With numerous new nuclear reactors on the drawing board in many countries and with the search for clean energy there is going to be a huge demand for uranium in a few years and supply is tight right now.
> Gold is the thermometer of the health of the financial industry. With the financial crisis now erupting, gold must be kept down at all costs to prevent panic selling of the dollar. With everthing but the kitchen sink being thrown at gold to suppress the price, it is holding up remarkably well. You can print dollars but you cant print commodities. As the supply of dollars increases relative to commodities, eventually the price of commodities has to keep rising. Your junior resource stocks have taken a hit like all the juniors, but as long as you dont panic and sell you still own the same amount of resources per share and although nobody can be 100% sure, I am confident that you will be well rewarded if you hold on for the long term.  Just as an aside my portfolio was down 40% the first year and it is down 25% recently, however in total I am still up over 700%. I am definitly not selling yet as I think this commodity bull has a long way to run yet.
>Merry Christmas and a prosperous new year to you and your family