Thurs 5am-7am Oct 30
1% Of The Iceberg Has Hit
Oct 30, 2008
- Harry Schultz, arguably the
greatest currency expert alive, said the US dollar could top
out near 88. It came close to that and is now tanking.
- In the late 1990's, 99% of
investors "knew" gold was finished. And the stock market
was in a new era. While investors had a big laugh and celebrated
their smarty pants lifetime free money to come in the stk mkt...
the richest bank owner families loaded up on a MOUNTAIN OF
- "Just like in the 1970's
it will be the BANKERS that make all the money in gold this time."
-Jim Sinclair. World's Largest Gold Trader. 1968 -1980.
- "The banks will be finished
when gold soars" - Joe Investor with a couple of broken
down penny gold stocks to his name.
- Most gold bugs have a fantasy
that can only be called... bizarre and surreal. A fantasy
that somehow there is this giant naked short (bet it falls) position
in the New York paper gold and silver market, a position held
by the bankers, and they will all be instantly destroyed when
the metals finally have some magical rise to the sky.
- The REALITY is there WILL
be a rise to the sky, and GUESS WHO IS GOING TO MAKE ALL THE
MONEY IN GOLD WHEN IT HAPPENS? YEAH, THE BANKERS. The bank families
appear to hold far a VASTLY more massive physical gold position
in Dubai, London, Switzerland than their supposedly bank-breaking
positions in the New York paper mkt. Their bets that the metals
fall are RISK FREE. If the New York paper mkt really does
blow up... THEY ARE THE WINNERS.
- It is the LITTLE gold and
silver investor and the funds that are being smashed time after
time, not the bankers.
- The bankers ONLY buy weakness
and ONLY sell strength. In ANYTHING they buy.
- The million dollar question:
- The current bear rally in
the stk mkt may go a LOT higher than most think. Aprox $3 trillion
was printed up three wks ago. So far, those money printed lows
are holding. I'm hearing a TRUCKLOAD of financial HORROR STORIES
from people with substantial money who are DESTROYED. They don't
want ANYTHING to do with the stk mkt EVER AGAIN. This is the
type of thing that sees HUGE bear mkt rallies launched. 99% of
their problems were caused by the TACTICS they used.
- Only ONE THING really matters:
What TACTICS do YOU use to buy stocks and funds? You are
likely either using the tactics of the Joe Financial Advisor
(JOE GOLF BALL ADVISOR) or the tactics of the GOLD BUGS.
- Most gold bugs think gold
can rise to thousands of dollars per ounce. I might not be very
smart, but here's some common sense: LOOK OUT YOUR WINDOW. Have
a look at the FINANCIAL HURRICANE. Gold is trading in the $700-1000
area. Now PICTURE gold at $3000 an ounce. Or $5000 an ounce.
WHAT DO YOU THINK THE VIEW OUT YOUR WINDOW WILL LOOK LIKE THEN?
- Bottom Line: If you are a
small business OWNER, here's the ACTIONS you need to take: FORGET
about making money. Protect your company treasury. You need a
proper custodial situation that legally separates your assets
from the banks' assets, while paying the bank to hold cutody
of those assets. That's easier said than done. There's an ARMY
of lawyers who are lined up to charge you fees for their 200
page disclaimer, giving you ZERO real separation of assets.
- Bottom Line #2: Go to the
bank. Put 1-2 months living expenses in cash in a safe at home
and in a safe held by your personal lawyer and accountant. Preferably
- Bottom Line #3: Stop playing
stock trader. Take IMMEDIATE delivery of your stock certificates.
ALL the banks are soaked in derivatives and so are most of the
world's brokerages, whether they know it or not. Store copies
of those certificates, and the certificates themselves, properly,
following the instructions of your lawyer and accountant.
- Hold some physical gold and
silver. Gold is the world's lowest risk investment. Exactly the
opposite of what you've been told by Joe Golf Ball Advisor for
years. Unlike ALL stocks and bonds, it is a THING, not an OBLIGATION.
- 1% of the $700 trillion otc
derivatives iceberg has poked its head above the waves, thanks
to the failure of Lehman.
- WHAT DO YOU THINK IS GOING
TO HAPPEN WHEN THE OTHER 99% OF THE ICEBERG RAMS INTO YOUR FINANCIAL
- In other words, can you have
your cake ($5000 gold) and still call your broker and count all
the money on your gold stocks? Answer: At $5000 gold, the odds
are 90% that your brokers (internet or full service) will be
on the BREAD LINE and your stock holdings... will have been converted
into govt bonds that are being hyperinflated to nothing.
- You CAN make a lot of money
in gold but you need to face the fact that the system is broken
and you won't make any money fooling yourself that you can hold
your gold assets IN the system while it blows apart and walk
out with a big fat profit.
- If you don't escape the system,
you'll likely find yourself in a financial wheelchair... on the
Over and out from the Happy
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Thomson is no longer an investment advisor. The information provided
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concerning if you are an investor in any derivatives products.
There is an approx $700 trillion OTC Derivatives Iceberg with
a tiny portion written off officially. The bottom line: