THE NEW INTERNATIONAL CURRENCY: TUNGSTEN

                                   Guess What? It Ain’t Gold

Time to hand out “The Louie Renault Award” for being shocked.

[ http://www.youtube.com/watch?v=T1DEG6BWgp0 ]

The gold dealer community is abuzz over some Russians [ROFLMAO] selling 10 OZ. gold bars filled with tungsten. I just got one question: is JPM, or Vampire Squid, long tungsten futures?

If tungsten catches on with muppets clients, maybe some day we can have tungsten bars filled with gold. Until then, give me gold coins and leave the bars for the snooty Swiss.

Maybe it’s just my cynical gold dealer mistrust, but there is a part of me that says this whole thing is a scam to discourage people from buying and holding physical gold. The lengths that government, at any level, will go to confiscate your wealth is unbounded by any natural constraint.

Of course, given the propensity of the Amerikan public to swallow any and all swill Wall Street throws at them, expect nobody to learn the lessons of MF Global or PFG Best. Keep buying paper Amerika, it’s done such a bang-up job for you this last decade hasn’t it?

Have a good day everyone.

-vegas

WHY DOES ANYBODY TRUST THE U.S.?

                               What Could Possibly Go Wrong?

Well well, while I was away snorkeling in the snow cliff diving, a funny thing happened to investors all over the world who again like idiots simply don’t seem to ever learn a lesson.

I am of course referring to the liquidation bankruptcy of PFG Best. Let’s see, $400 million in missing segregated customer funds held at JPM; Gosh, we ain’t ever seen that before; errrrrr except with REFCO, MF Global, and now PFG. Give it a little time and I’m sure the CME thugs will have had their grimy hands in it too.

And prey pray tell, what do they all have in common? Why of course, they all happened in the U.S. You know, that bastion of regulatory zeal where every investor is protected; until they ain’t. From the folks who couldn’t catch a cold in a sniffle factory, we are of course being told that justice will prevail. Errrrr, someday; right after they find the missing  large $1.4 from MF Global.

Seriously, what does it take for people to start asking WTF?

How many times can you hit a dumb animal in the head with a baseball bat before it sees you coming and simply says “I don’t think so”? Once natch. Not so easy with humans, who will rationalize to their hearts content while their pockets are picked clean by regulators, banks like JPM, and the aforementioned world’s most disgusting exchange.

Do I have to say this again?

Why does anybody trade with a U.S. broker?

You dolts out there who continue to place your hard-earned money with crooks in the U.S. financial system; what’s it gonna take? Sorry, when they vaporize your funds AGAIN SOMEPLACE ELSE I refuse to feel sorry for you.

Is it just me thinking this, or do all the crash test dummies live in Amerika?

Of course, Chalky Soetero’s pals have their fingerprints all over this. And while I am positive he is getting a cut somewhere somehow, his pals should be cuffed and marched off to the rock pile. Instead, they’ll be off fund raising somewhere for Mom, apple pie, and the Chicago way.

What a screwed up country.

Have a good day everyone. Be back soon full time from hedonistic pleasure.

-vegas