Loading ...Silver-rider…..15 Hour post
…Those are Very Good Questions !
arch0708.goldtent.net/2008/10/07/things-i-would-like-to-know/
Re: Gold availability question -> Posted by Sinbad @ 20:40 pm
Hey Sinbad,
You might try kitco, or USA Gold
http://www.usagold.com/buy-gold-coins.html
or First Majestic for silver rounds
http://www.firstmajestic.com/s/Home.asp
Good Luck 
US consumer borrowing falls for the first time since January 1998
The US consumer has tossed in the towel on spending as borrowing falls for the first time since January 1998.
Consumer borrowing fell in August for the first time in more than a decade as U.S. households, battered by rising job layoffs and the decaying economy, cut back sharply on their use of credit.
The Federal Reserve said Tuesday that consumer borrowing fell at an annual rate of 3.7 percent in August, before the financial crisis became acute in September, forcing the government to approve a $700 billion rescue of the financial industry.
August’s decline in consumer credit marked the first time that total borrowing had fallen since a 4.3 percent rate of decline in January 1998.
The weakness reflected a big decline of 5.4 percent at an annual rate in the category that includes auto loans and a 0.8 percent rate of decline in the category that includes credit cards.
Economists are worried that consumer spending, which accounts for two-thirds of total economic activity, will decline in the July-September quarter. That has not happened since 1991 and could set the stage for the economy to slip into a recession.
Worrying about this economy slipping into recession is like worrying that your pet goldfish is going to die when it is floating dead on top of the tank.
Economists should to be thankful that consumer spending is dropping. Unemployment is soaring, people have been living beyond their means, and if consumers keep spending recklessly, eventual defaults and bankruptcies will be that much higher.
From the point of view of retailers, this Christmas season may well be one of the worst for decades. From the point of view of an economic recovery, reduced spending is actually a good thing, not a bad one. It’s long overdue for the “gotta have it now” generation to show a little fiscal restraint given the pool of savings sorely needs to be replenished.
The US needs to become a nation of savers once again, and that is just what is going to happen, whether Bernanke or anyone else likes it or not.
Mike “Mish” Shedlock
globaleconomicanalysis.blogspot.com
Sinbad @ 20:40 pm.
Have you tried Tulving? They have 1/2 oz eagles, 1 oz. krugers and JM kg gold bars.
ment17 @ 20:53 pm
Even us idiots can see we are not experiencing hyperinflation. Name just one price or wage that is making new highs in this hyperinflationary back drop? There should be 1000’s of examples. One thing other then the Yen, the dollar or US Gov’t bonds. There is a massive deleveraging that is behind this move as the fractional system chokes. The great destroyer of wealth is doing so by destroying credit (today’s “money”) and confidence while increasing the cost of capital in the face of a global recession. I don’t understand how you can continue to ignore this being a business savvy dude. Soon you’ll say you ment deflation all along and we just misinterpreted you.
Rambus 17:03
Hi Rambus. Thanks for the new charts of the DOW. Always enjoy seeing whatever current chartwork you are doing. Yes, it sure looks like the DOW is coming down fast, even faster than it went up. Glad to see that there is major support in the 7500 area. The last two days were huge move to the downside.
All the best, North
ment17 @ 20:53 pm on October 7, 2008
Ment17; I think that it is possible to understand, even the nonsense; and to make sense of it. And to find a way to light the darkness with reason. It is important not to give up to the siren call that chaos reigns.
sinbad
see if apmex has anything you want. just do a search and they will pop up. aggie and i have done business with them in the past.
rno
Bush to summon leaders to emergency finance summit
some how, I don’t expect this to be positive for the citizens!
Overseas…….
…..the bleeding continues as billions more disappear into thin air…….
Asia/Pacific Region
finance.yahoo.com/intlindices?e=asia
Dow Jones World Stock Index thru Tuesday
JBI
TQ @ 20:49 pm on October
nothing is rational now
does Zimbabwe’s inflation rate // match the extreme depression
‘Fiat Money Inflation in France’, by White
This little book is extremely important to anyone who would understand the current state of financial issues.
White explains how inflation led to bankruptcy and loss of employment as businesses increasingly found themselves unable to operate profitably.
My point in repeating this reference to this book is that the point in history we are now facing is that of the end of inflation, not its beginning. We have watched for decades the loss of manufacturing and other businesses in North America, due to a combination of inflation since WWII and free trade/tariff reductions that permitted the export of whole industries to low wage countries.
Henry Liu in his Asia Times series has documented how what he refers to as dollar hegemony has led to lower wages worldwide. This is the result of inflation, for decades. This inflation is ending now as the Yen carry trade unwinds, [ as was well described by Supkis in the posts I made yesterday.] I see no one demonstrating how a similar easy credit carry trade can begin anew and restart the inflation machine.
Sinbad….I have a source….plentiful and Cheep
….Call…1 800 COMEX
…They have 1000 Ounce Bars ….
…. on sale for the lowest Price anywhere gauranteed..
…if you can find em cheeper..they will charge you the lower price…
..only $888,000….
….while they last
…but hurry..this offer wont last forever !
What Faith In Paper?
With the world now awakening to the perils of paper promises (read: Lies), one wonders if this segment shown on CNBC in regards to ‘paper gold’ will sooner, than later, turn from ‘guess’ to ‘fact’. From ‘prophecy’ to ‘done deal’. Video clip dealing with the seperation of Comex paper prices Vs what actual gold prices are currently.
A most telling signal in this video to me, is the long several second ‘dead air’ (a No No in Broadcasting) when the commentator seems at lost for words or followup.
(PMtrader) I too preached to family and friends;
One told me today that he was in danger of losing everything! Never listened to a word I said, in one ear -out the other. He and wife have good paying jobs for now. Bought too much house at peak to make money on plus an expensive condo near peak as a money maker. Both underwater bigtime with no savings and big debt and payments. Said to please send no more housing videos as that is them soon! Waiting for government bailout?
I must repeat my classic story: The poor black worker said: “Boss,they should split up all the money equally between everyone.” The Boss said, “Nickademos, don’t you understand the same people would wind up with all the money pretty quiickly?” “No Sir, you don’t understand - I ment split the money up every satuday night!” Yeah, I know bad joke and certainly not politically correct. Deadeye