2012 end of year crisis: What will happen to silver and gold?


2012 is an interesting year.
There have been rumours of it being 'the end of the world' so to speak, rumours of a major impending US Debt crisis, rumours of financial and economic disaster, rumours of famine, hunger and soaring living costs following the upcoming carbon tax next month, and further rumours and speculations about the impending rise or decline of silver and gold that may consequently result from catastrophe...

What are your thoughts on the above issues with respect to silver and gold? What are your thoughts on the end of this year and the implications it may have on both the cost of living and on the prices of precious metals? How much silver/gold does one need to feel safe? What do you think the fate of 'fiat' and of our government will be? Where do YOU think are we headed - this year, next year and in the many years to come?

Any thoughts/suggestions/questions/advice welcome...

:)
 
Has a bit of a self fulfilling prophecy about it. I would not put it past TPTB to get a hold of this rumour try make it fact and be there to rush in and save the day. Like all those GFC vomit ads with some old sheeple whining about how the banks lost all his money... the same banks running the ad??!?!
 
lynsilverbullion said:
What are your thoughts on the above issues with respect to silver and gold?
they will throw their silver and gold onto the streets
lynsilverbullion said:
What are your thoughts on the end of this year and the implications it may have on both the cost of living and on the prices of precious metals?
bullshyt
cost of living will rise regardless
price of silver will be supressed
price of gold will increase
lynsilverbullion said:
How much silver/gold does one need to feel safe?
enough to keep you sheltered, clothed and fed - all else is bonus luxuries... i suppose for every week you want to be 'safe' you should stack 0.3 grams of gold per person, or silver equivalent of 12:1 ratio (too technical to discuss how i got this figure)
lynsilverbullion said:
What do you think the fate of 'fiat' and of our government will be?
end and end
new global universal electronic currency will be introduced
new centrally global government, and each nation will answer to the head
lynsilverbullion said:
Where do YOU think are we headed - this year, next year and in the many years to come?
this year = meh, gold will rise to $2500 ozt, and 15% aussies will start lining up for food stamps. silver will still be sub $30 ozt

next year = gold will remain stable at $2500 whilst silver will decouple and run up to $250 ozt... JP Morgan will threaten to take down world economy if the competition do not either merge or fold their hands... ron paul will be assinated... obama sits as world president again in Euro... germany announces war on greece... mars turns out to be just another lifeless planet

years to come = you and i serve as slaves to our self elected pharaohs

lynsilverbullion said:
Any thoughts/suggestions/questions/advice welcome...
we are doomed, but keep stacking in hope... expect the worse and hope for the best... never go all in for anything - never have all eggs in same basket... enjoy life...
 
Water&Food said:
lynsilverbullion said:
How much silver/gold does one need to feel safe?
enough to keep you sheltered, clothed and fed - all else is bonus luxuries... i suppose for every week you want to be 'safe' you should stack 0.3 grams of gold per person, or silver equivalent of 12:1 ratio (too technical to discuss how i got this figure)
Just want to check the bolded part, at $1600/oz for gold, 0.3g is $15.43... for a week? Even assuming gold were $2500/oz as you suggested later, this equates to $24.11 per week?
 
Midnight Man said:
Water&Food said:
lynsilverbullion said:
How much silver/gold does one need to feel safe?
enough to keep you sheltered, clothed and fed - all else is bonus luxuries... i suppose for every week you want to be 'safe' you should stack 0.3 grams of gold per person, or silver equivalent of 12:1 ratio (too technical to discuss how i got this figure)
Just want to check the bolded part, at $1600/oz for gold, 0.3g is $15.43... for a week? Even assuming gold were $2500/oz as you suggested later, this equates to $24.11 per week?

$24.11 is how much you will have left to spend each week when the carbon tax kicks in.
 
why are some of you still comparing gold to fiat? WTF you should not be doing this to work out 'value'... instead compare with actual goods and services

btw, Zimbabweans have tried and tested just how much gold one needs to pay bills, water and food ;)
 
^^^ therefore this really highlights how overpriced the rental real estate is here in australia (when compared to 0.3 grams of gold) :lol:
 
The EU will be smaller for sure. Greece is already making moves towards an extremist dictatorship, with Italy and Spain following, I reckon. Portugal might leave the eurozone too. People will flock to gold in this crisis.
 
The end of days is coming, but Christmas is not

ONE in 10 Australians believes the world will end this year in line with ancient Mayan prophecies
. Some think it will be the final cataclysm, and some that it will usher in a new era of peace and spirituality. There's even a chance extremists will be tempted to violence, a Melbourne conference will hear today.

According to the Mayan calendar, the world ends on December 21, though there is nothing in the records to suggest how. ''It's like an Indiana Jones movie,'' according to Joseph Gelfer, the key speaker at tonight's 2012 seminar at the State Library of Victoria. ''There is one reference on a monument in Mexico but there's a dirty great crack through middle of the glyph so it's hotly debated.''

If it seems surprising that so many people around the world are familiar with an obscure Latin American dating system, the answer is in the way it has been appropriated by mainstream, media-savvy groups such as fundamentalist Christians, hard-line environmentalists and spiritualists, Dr Gelfer said.
Dr Gelfer, of Monash University, said 2012 believers fell into two broad camps. ''One is the catastrophists, who say the world will come to an end through solar flares and a polar flip which will cause all manner of unknown destruction, or Planet X will hurtle into the Earth. There are lots of survivalists in this camp, but they are the minority The larger group has a utopian interpretation seeing it like the Age of Aquarius, a shift in human consciousness - not the end of the world, but the end of the world as we know it,'' Dr Gelfer said.

He said Reuters, the news agency, commissioned a recent poll of 16,000 people in 21 countries which found that 9 per cent of Australians believed the world would end this year, along with 20 per cent of Chinese and Turks but only 4 per cent of Indonesians. More - including 14 per cent of Australians - believed the world would end in their lifetime.

Dr Gelfer, an expert on 2012 studies, said he did not believe anything would happen on December 21 but that was only the beginning of the story. ''I don't believe in 2012, but I believe in the power of belief.''

He said much of the debate was polarised between committed believers and those who demanded a Richard Dawkins-style debunking. He would present a middle view about why people held such beliefs.

Monash University counter-terrorism expert Pete Lentini will talk about tribal sub-cultures, such as the Branch Davidians of Texas or Japan's Aum Shinrikyo, which used stories about the end of days to justify violence.

The seminar is the debut of the Sociology of Religion group of The Australian Sociological Association.

Read more: http://www.smh.com.au/national/the-...tmas-is-not-20120528-1zff0.html#ixzz1wDnxwerU





In short, nothing will happen of any significance other than a few crazies wailing at the moon and an interesting astrological event, proving yet again a large portion of the global population are fkn idiots.

...and these people vote.
 
D11C04_1.gif

Truth is stranger than fiction... or summing
 
Next few months will be the real scare across the board all markets. A lot will be shocked how low gold and silver are hammered and get scared out of positions. I think gold $1300. Silver I have no clue, just lower after this little pop, $26 breached no problem.

Ben will save the day end of year with QE3, we could see the metals start to rally very late year on this. I have no idea where they will end the year. Don't think the real Yankee currency crisis hit until late 2014 into 15.

Taking a lot of patience, I've my eye on some of those 1 oz Noah's Arks, the wait is killing me.

I could be totally and utterly wrong, but I hope 2013 is good for everyone at SS they've been waiting long enough to put in the order for that Porsche! :)
 
upandaway said:
Next few months will be the real scare across the board all markets. A lot will be shocked how low gold and silver are hammered and get scared out of positions. I think gold $1300. Silver I have no clue, just lower after this little pop, $26 breached no problem.

Ben will save the day end of year with QE3, we could see the metals start to rally very late year on this. I have no idea where they will end the year. Don't think the real Yankee currency crisis hit until late 2014 into 15.

Taking a lot of patience, I've my eye on some of those 1 oz Noah's Arks, the wait is killing me.

I could be totally and utterly wrong, but I hope 2013 is good for everyone at SS they've been waiting long enough to put in the order for that Porsche! :)
Nice and low for September release of snakes would suit me just fine :)
 
I wonder how many of the fat cats who hold power well above what their ability deserves believe in this 2012 hype?

For me a pleb stacker who goes to work each day to enjoy myself, earn a meager income, stack as much as possible away for the future and feed myself. It's not really relevant as long as I love the life I live and I am prepared for the worst case scenario as best as possible.

What about the politicians and beurocrats who have been kicking the can down the road for years?

If our current leaders believe they only have to keep the ball in the air for another 7 months or so that can totally create the situation without any further input.

What would you do if you were a high ranking official in your democratically elected government? Publicly print money as fast as possible, but privately do as many shady deals as possible and sink all the bribe money into PM's? Thats where I'd be heading.
 
upandaway said:
I could be totally and utterly wrong, but I hope 2013 is good for everyone at SS they've been waiting long enough to put in the order for that Porsche! :)

Mate if youre driving a Porsche youll be attacked coz the poor will think you have money....lol
 
Gold will be $2500 by December 2012. Silver will eventually get to $60-$80 but not before gold touches $2500. By 2015 gold will be somewhere around $6000 to $10,000 and silver ?

In short, if you are going to use gold/silver ratios, you may want to think about the possible relevance of other ratios:

9:1 is the ratio of silver to gold annual mine production
6:1 is the estimated ratio of economic gold to silver in the ground (USGS)
5:1 is the estimated physical ratio of all silverware, silver/gold jewelry and other stocks above ground (according to CPM Group)
1:1 is the year-to-date ratio of investment dollar demand.
1:3 (more silver than gold) is the physical ratio of gold and silver coins/bullion

Kind Regards
non recourse
 
Back
Top