SNAFU

You have to be pretty old to remember SNAFU.  Like me, maybe.  SNAFU was a WW II term, which meant “Situation normal, all F***ed up.”  Pretty accurate description of what’s going on now, isn’t it?  With the tungsten 400 oz gold bars, as an example.  There are a lot of them out there, and in the hands of pretty important nations and people such as GLD.  I have long told people to stay away from GLD, and it appears as if, when the tungsten bars were first made, that’s when GLD came into existence.  This is rumor anyway.  But consider further possibilities.

India recently bought 200 Tonnes of gold from the IMF.  Is that gold true gold or tungsten plated with gold?  If it is not pure gold, the IMF is obligated to furnish pure gold 400 oz bars to India.  The IMF would then have to buy thousands and thousands of ounces of gold on the market to replace the fake ones, and unless I am terribly mistaken, couldn’t that drive the price of gold up, up, up?

China and India have been rivals for decades, and both are stuck with a couple of trillion of  increasingly worthless dollars.  India did the correct thing and traded paper US scrip into a huge amount of gold, driving up the price.  Suppose China decided to buy 300 or 400 tonnes of gold, and emptied the IMF?  Since China has vast gold producing mines, why should they buy more?  Because that’s the best way to get out of dollars, that’s why.  You can never have too much gold, but too many dollars? A person would be a fool to have too many dollars.  Can you imagine the price rise in gold if that happens?  If the IMF was holding tungsten gold and it went to India or other places, just imagine the frantic search for gold, and the resulting price increases in dollars.  Is there gold plated tungsten in Ft. Knox?

Who did it?  There’s a lot of rumors around, and I am not going to repeat them, as I value my life.  They may not be true either.

You out there, who buy bullion coins or bars, need not worry.  Our stuff comes directly from the various mints, and we don’t deal in 400 ounce bars.  They’re for the big boys, who now wish probably, that they had bought Gold Eagles!

                                                     Silver

Silver has often been called, “The poor man’s gold,” and for obvious reasons.  Forget the ratios, which are way out of kilter, and in favor of silver.  Think about silver in this way:  Gold is becoming so expensive in dollars, that many people can’t afford to buy gold, but still want to get out of dollars. It happened to me this morning already.  A nice little lady just couldn’t afford gold, so she bought silver.  She was smart enough to want out of dollars, and into something of tangible value, so she took silver.  We had 400 Englehard silver bars at 28 cents over spot, and they went in a week.  Silver, in my opinion, is dirt cheap, even at $18 an ounce.  Gold is 62 times more expensive than silver.  More and more people will be latching on to silver to get out of dollars, and this will drive the price of silver up and the ratio down…in my opinion.

In other words, the entire economy, government, presidency, congress, is SNAFU.  We have dumb congressmen who don’t seem to know their whatever from a hole in the ground, a president who was born who knows where, and whom no one in his supposed university classes can remember him, and who has never shown us his thesis, grades, or even a birth certificate!  A president who has palled around for decades with commies, socialists, ultra liberals, and whose middle name is even Hussein.  You can’t get driver’s license without showing a birth certificate or proof of citizenship, and he is the president without presenting such?  There’s many hundred thousand ounces of gold plated, tungsten, 400 ounce gold bars out there, and whoever sold them is bound to replace them with good gold bars, which could drive the price of gold up incredibly.

People are coming out of the woodwork, and saying to the effect, of:  “I’m new at this, and I don’t know how to do this.  Maybe you can explain?”  Many similar phrases we hear all day long, and we are glad to inform, because it means that a small portion of America is beginning to wake up.  The foreclosures and payoffs continue, and the good old US Government has admitted to $98 billion in payouts that were mistakes.  SNAFU.  Everyone knows that the Democrat’s health bill will cost trillions, regardless of what they say.  Medicare was supposed to cost $9 billion, and it cost well over $50 billion.  Government is totally SNAFU.  They lie like there is no tomorrow, and fewer and fewer believe them, including China, who Bernanke insulted twice Tuesday.  Biden lies through his teeth, and Obama and Biden’s books were taken for granted, but Sara Palin’s new book is being examined by eleven searchers, trying to find anything that could possibly, in anyone’s imagination, be found inaccurate.  They’ve got to keep her down!  SNAFU.  Go Sara!  I just ordered her book!  Hey you middle of the road Republicans and Democrats!  Listen to me and millions of tea party people.  WE WILL GET YOU OUT if you don’t vote NO on all this nonsense.