War impact on PMs

First a little history, and bear with me here. In Nov. 1977 a buddy whose Mom was big into Pro Shah of Iran groups got us all free plane and hotel tickets to DC for when the Shah visited Jimmy Carter. So we went, and all we had to do was go to some Pro-Shah rally in front of the WH as Carter was giving the Shah some award on the Lawn. As we were sitting there thousands of anti-Shah, fundamentalist Lunatics ran across the Lawn and attacked our group with bats and sticks beating little kids, woman, the elderly, without mercy. I was on crutches and I handed one to a buddy and swung one myself braining as many of these madmen as we could trying to save as many kids as we could. Eventually we fought our way out of the madness after the Army tear gassed all of us. Right in front of the WH and thru the years I often wondered how these terrorists even got into the country and outside the WH that Nov. day.

Fast forward almost two year to the day later and I was under arms in USAF at the closest airbase to Tehran when our C/O came to roll call and told us those students over ran our embassy, took our people hostage, and we were to draw weapons and ammo and remain on standby to wait for the "go" signal to go into Iran and get them back. Of course Carter never sent us. So why am I telling all of you these two stories on a PM BUG and what importance do they have to do with buying and keeping gold, silver, and other PMs ?

Well if its one thing Ive learned in my life is these people just dont quit and I wouldn't expect a short conflict or even a limited one. Whether Trump was right or wrong, and I think he was right, its my belief this whole mess will affect PMs a lot and I'm personally considering buying as much gold as I can scrape $USD together for. I hope I'm wrong but I dont expect a quick end, I dont expect a change in Iran's leadership, and even tho early signs are their proxies have abandoned them I wouldn't expect it to last. They have oil and they have buyers and that means a steady income for a tyrannical regime that could care less about the welfare of its people. And they will never voluntarily give up their nuclear ambitions.

I expect gold prices to launch tomorrow as well as oil prices and probably make silver tag along. Theres to much instability in the world and the chances this thing will really take off is to high. We'll see but today is probably a really good time to lock in a gold price for a couple coins or bars. I believe anyway.

Nov. 1977 Washington DC.




Nov. 1979 Incirlick Turkey

I filled.up my car with gas. If you are buying PMs you can buy now before the market opens in China which affects online prices. I would definitely consider the $5 gold commemoratives at spot from BE.

nickndfl said:

I filled.up my car with gas. If you are buying PMs you can buy now before the market opens in China which affects online prices. I would definitely consider the $5 gold commemoratives at spot from BE.

Click to expand...

I just bought a 1oz Gold Liberty on sale at BE. I think Iran is going to strike back in the Gulf. Military I know, when Trump said "two weeks" I predicted two days and that he had already made up his mind and I was right. And right now the Mullahs are losing face even amongst the proxies they have spent billions supporting thru the years. Even including their last undefeated ones the Houthis.

So the Mullahs have to strike back. Limited both in scope and capability and their navy wont last long against the USN. The real danger is in drones and the few Kilo submraines they have. Six minutes from now Asian gold is going to open with a bang and $3,395 for a GAL will look like a bargain.

Big yawn + $10.

Yeah, not much of a panic. Well I guess the good thing about panicking over gold is theres no way your really going to end up losing. In the long term gold only goes up.

I'm panicking all right. I'm panicking gold is getting cheaper.

Wars have been and will be around for the rest of this earth’s history. Gold is money.

Oil could go up—it has before in the 70’s.

You are old enough not to panic buy.
And you are observant about the wild donkeys.

Short-term, it probably means a pullback in prices.

Why? The MIC is the place to be. You too, can cash out on this war - buy General Destronics STAWXxxx...

You can't invest in defense grifter-contractors with gold.

Longer term? I don't think any war is gonna go well for us - we're in a bad way.

And when it all goes splat, only PMs will survive the Mad Max economy.

...IMHO.

Gas in the tank is a good thing..

You cant eat gold but 3300+ worth of ribeyes in the freezer is as good as gold and very healthy. Of course when you have eaten it all that asset is gone but it will be enjoyed along the way.

Cigarlover said:

You cant eat gold but 3300+ worth of ribeyes in the freezer is as good as gold and very healthy. Of course when you have eaten it all that asset is gone but it will be enjoyed along the way.

Click to expand...

...don't confuse the Interim with the Next Phase.

You can't eat gold. But what you can eat, can spoil or be stolen. That's the reality all preppers have to face.

BUT. Once we're through the Hard Reset (which won't be like the Grate Reset that Davos Man is aroused, dreaming of) there will be some level of work specialization, and out of it, trade.

In all objectivity, and thru joking, If I'm the Mullahs I have to strike back in some way just in order to stay alive and afloat. They have lost face. I think the war is going very badly for them and they are the ones in a bad way but even a wounded snake can bite back. And they have the means, both in weapons and fanatics. Expect a missile attack and/or an attack on our ships in the Gulf region. They have anti-ship missiles and even ballistic ones. Used in tandem they could prove deadly. They have Kilo submarines and if any slip thru they could prove lethal in the shallow Gulf waters.

Most likely tho would be missile attacks on bases where USAF planes and personnel are. Air bases dont move and can't go anywhere and I doubt we have enough ABM defenses to cover all of them. So this isn't over yet. Irans fanatics are spoiling for the fight and as long as they control the IRGC they can keep a foot on the neck of the populace. Right now they have to move the battlefield to the asymmetric since they will never be able to slug it out with America and Israel in the traditional. That means drones, small boats, sleeper cells....ect.

Gold will always be the bank in this world. More and more as the world moves away from the USD.

Worst thing Iran can do is retaliation, Israelis are fleeing and Iran will win this War very soon. Israel is refusing to let people leave by air because Poland, England, Germany , France, the USA all look a lot safer.

Yesterday morning, I was busy looking for good online deals while @SilverStacker was composing the OP. Seemed the prudent thing to do.

Cigarlover said:

... 3300+ worth of ribeyes in the freezer is as good as gold ...

Click to expand...

Not so great if you lose power! It's hurricane season here on the coast.

pmbug said:

Not so great if you lose power! It's hurricane season here on the coast.

Click to expand...

That's why God gave us natural-gas refrigerators.

That's also why the Satanic Left took them away, is outlawing NG as a fuel. Harder for them to control, when in the sway of whatever impulse their brain-stems and their hive-mind are pushing them.

pmbug said:

Yesterday morning, I was busy looking for good online deals while @SilverStacker was composing the OP. Seemed the prudent thing to do.

Click to expand...

Bullion Express was best right before markets opened. The GSE's were $3,395 "if you consider that good". Right now they have gone up to $3,408 which is down from the $3,410 they were. Oil just went up so dont expect gold to get cheaper. I locked in my price because I believe its going to be a long time, if ever, gold gets any cheaper. Silver spot is staying well about $36.

Right now the smart play for Iran is to de-escalate because they are losing badly and if the regime wants to stay in power they have to survive this. They have saved a little face with Qatar, now we'll see how stupid they are. If they keep this up America's armed forces will clobber them.

I think he is going to try and straighten out as much as he can and then play golf when he is done.

SilverStacker said:

... Silver spot is staying well about $36. ...

Click to expand...

July silver contract expires Wednesday and from what I've read, the shorts need silver under $35 by then. There seems to be some strong buying demand holding at $36. I'm guessing the war activity is bolstering that demand. Things could get spicy if we see a squeeze before the week is done.

SilverStacker said:

Bullion Express was best right before markets opened. The GSE's were $3,395 "if you consider that good". Right now they have gone up to $3,408 which is down from the $3,410 they were. Oil just went up so dont expect gold to get cheaper. I locked in my price because I believe its going to be a long time, if ever, gold gets any cheaper. Silver spot is staying well about $36.

Right now the smart play for Iran is to de-escalate because they are losing badly and if the regime wants to stay in power they have to survive this. They have saved a little face with Qatar, now we'll see how stupid they are. If they keep this up America's armed forces will clobber them.

Click to expand...

We will do what israel.....wait a minute, we deliberately didn't do any real harm to Iran and iran didn't do any real arm to us....something is going on.

Fatrat said:

We will do what israel.....wait a minute, we deliberately didn't do any real harm to Iran and iran didn't do any real arm to us....something is going on.

Click to expand...

Actually we did a lot of harm to them tho its unclear exactly how much. In equipment alone we devastated their enrichment equipment. It must have cost a small fortune building those facilities thru sheer rock and so deeply buried. All while under INTL sanctions which just made everything more expensive. I doubt we killed to many since they had plenty of warning.

Iran also launched a 2nd missile attack against us on that Qatari base and one missile got thru. While I think terrorism is more likely, especially since Biden let so many thru our borders, but remember most of those bases we use over there, like the one in Qatar, have very short flight times for much more inexpensive missiles Iran still has in large supply. Short flight times = short response times which = higher chances of casualties.

On the other hand Iran is largely isolated now and even their proxies are quiet as mice. A reasonable bunch would want to at least pretend to going back to the table in order to buy time and regain strength but since when have the Fundamentalist regime of Iran been reasonable ?

Anyway....buy gold. Ive given up "peace in out time" like Ive always hoped for in my life. At most it will be "peace thru strength" and now that we have a strong President maybe we'll regain that. Obama bombed 7 different countrys. Trump believes in diplomacy. I believe in diplomacy but its just been a waste of time with Iran. They will never willingly give up their nuke program. I dont think this thing is over.

Our war with Iran started "for me" in 1977 and certainly when I was under arms in the region in 1979 so I know what its like being under arms and at risk, their proxies were killing us in Turkey back in '78 and '79. My buddy married a Lovely Muslim girl in Adana and he was warned to move on to the air base with her but she didn't want to because she wanted to be close to her family "Muslims are very family orientated" "one of the things I admire about them". So Larry came home one night with his buddy and a bunch of terrorists were waiting in his APT for him and they threw both off a 4'th floor balcony. Larry survived, his buddy didn't. This was in 1979.

Thats how long we've been fighting them. If I have one great hope out of all this its that the Middle East grabs this chance, like Biden almost had them doing prior to 7 Oct., and they all recognize each other and peace breaks out as all decide to fight terror together.

I'll gladly see my investments in gold take a hit for the murdering to stop. But with these fanatic Mullahs running Iran I just think the chances are slim.

We have no idea if we really did any damage to their enrichment equipment... Unless you have much higher private sources than most.

All we see are some holes in the ground. Certainly looks like not many are buying this thing, yet.

No impact big yawn. USA is the most most powerful country ever on the planet. Time for all the AHs to line up or get effed.

We did nothing, this was a show....much like their attack, I doubt there was any explosive in the warheads. Trump gets to say he won, iran says they hit back and will now close the strait of Hormuz which won't bother America a bit.
We will let Israel take a bit more pounding, we will pay Iran damages and make peace. Gaza will be rebuilt on the American dime....Save this post, I could be wrong.

War is over if you want it.
-John Lennon

Voodoo said:

We have no idea if we really did any damage to their enrichment equipment... Unless you have much higher private sources than most.

All we see are some holes in the ground. Certainly looks like not many are buying this thing, yet.

Click to expand...

The market is buying it. Oil futures are down. Gold is at historic lows. I was in the USAF and the bombs really do work'

LOL you really think they dont ?

SilverStacker said:

The market is buying it. Oil futures are down. Gold is at historic lows. I was in the USAF and the bombs really do work'

LOL you really think they dont ?

Click to expand...

Oh no, we told them to move everything cause we wanted to dig their hole deeper for them, now the next bunker will be much deeper and safer...

SilverStacker said:

The market is buying it. Oil futures are down. Gold is at historic lows. I was in the USAF and the bombs really do work'

LOL you really think they dont ?

Click to expand...

First, you'd have to believe that they actually had equipment there in the first place. I have no idea. Then you'd have to assume was not moved before hand. Additionally you'd have to know where and how deep all of the equipment was and was it really destroyed.

The fancy bombs don't have unlimited penetration depth or area reach. Heck, the two photos I've seen of the craters look totally fake.

I think the USA tipped the Iranians off to move the stuff so there would not be an ecological disaster. And I think they flew everything worthwhile to China.

nickndfl said:

I think the USA tipped the Iranians off to move the stuff so there would not be an ecological disaster. And I think they flew everything worthwhile to China.

Click to expand...

You think it's all kabuki? Kayfabe?

That's something I haven't considered.

If the bombs had landed while nuke stuff was there, there would be nuke readings as bad as chernoble? They moved to a newer installation and no longer report to the inspection teams.

pmbug said:

Not so great if you lose power! It's hurricane season here on the coast.

Click to expand...

Not if ya got solar. (And or wind).

SilverStacker said:

The market is buying it. Oil futures are down. Gold is at historic lows. I was in the USAF and the bombs really do work'

LOL you really think they dont ?

Click to expand...

Voodoo said:

First, you'd have to believe that they actually had equipment there in the first place. I have no idea. Then you'd have to assume was not moved before hand. Additionally you'd have to know where and how deep all of the equipment was and was it really destroyed.

The fancy bombs don't have unlimited penetration depth or area reach. Heck, the two photos I've seen of the craters look totally fake.

Click to expand...

Well that didn't take long as this was pretty much common sense. Now, granted, this could be just as much fake info as the crater photos. WhoTF knows anymore.


The Iranians aren't dumb, and likely took drastic steps to further protect, conceal, or likely move these enriched stockpiles - some 400kg according to most reports - as wave after wave of Israeli warplanes hit Iran, significantly before the US sent its bombers this past weekend. It appears core components are still intact

nickndfl said:

I think the USA tipped the Iranians off to move the stuff so there would not be an ecological disaster. And I think they flew everything worthwhile to China.

Click to expand...

Why would we do that when we could bury it under a mountain ?

Naw, they moved their enriched material somewheres. The war continues.

The Art of the Deal strikes again...both sides can think they won.

Fatrat said:

The Art of the Deal strikes again...both sides can think they won.

Click to expand...

Dude, a win-win is always better as you describe. Trump makes up for it in more wins and avoiding losses. When you deal with somebody that has a one party must always lose in order for the other to win mentality they eventually lose it all in a big risk.

Voodoo said:

Well that didn't take long as this was pretty much common sense. Now, granted, this could be just as much fake info as the crater photos. WhoTF knows anymore.

Where Is Iran's Uranium? Top Secret Leaked US Intel Says Core Nuclear Components 'Intact' | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

The Iranians aren't dumb, and likely took drastic steps to further protect, conceal, or likely move these enriched stockpiles - some 400kg according to most reports - as wave after wave of Israeli warplanes hit Iran, significantly before the US sent its bombers this past weekend. It appears core components are still intact

Click to expand...

Yeah I agree. These are cagey so and so's. Persians are Asian in both background and thinking which means they are patient enough to play the long game and all they have to do is test one device and the paradigm changes. Right now they know they have to get off the front page and lick their wounds. They have the IRGC protecting that regime and they will use whatever violence is necessary to keep it in power.

The IRGC is like the Nazi SS in WW2. While they do have active ground and naval divisions trained to fight in standard warfare their main objective is in protecting the Theocratic Govt. that holds the reigns to power in Iran. And they have shown they will use whatever violence is necessary to do it.