Physical gold and silver thoughts

Dead Money

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I am thinking it is time to
pick up some of the real stuff.

Gold is well down from $1900 (Current 1280) and silver down from $48.00. (Current $19.85)

With all the money the fed is printing, the major deficit, lack of real jobs, toppy stock market, (without fed pumping it, stocks would be on life support).
You have surging oil prices, Inflation, (in spite of what the fed claims) European debt issues, Egypt near a "Holy War" (really people, can't we all get along); I believe
we are looking at a seriously bad scenario for our economy.

Looking into Gold and Silver American Eagles.

I do not see much long term downside with gold and silver, history says they will be valuable especially when you are using dollar bills to wipe your butt with.

Current spot price of physical gold here http://www.kitco.com/market/.
New York and London sets the "strike price" between major traders.



I will keep a thread going on this topic.
 
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selkirk

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dead money Gold this time of year can have a decent run, I own one gold stock Yamana and for the most part sell covered calls against it.

as for the price believe we are ranged bound, gold is also below the cost of production for most gold companies, though that sounds and is bullish, this can be the case for an extended period of time before any response.

the world has a growing debt load, however many of the defecit may actually go down. Egypt is controlled by the military, and believe the young and jobless, want a better economy, will be hard to turn around.

Europe is a prime example, debt levels are high, the economic news is mixed, (would say slightly negative),
however the market is giving it time, so far to fix the debt problem.

my biggest concern is if interest rates start to rise slowly if gold will come under presure.

one final note: jr. gold companies cannot raise money, more than half will go away until the next time. when news ones will be created and the game starts again.

note: last time I bought was silver in the 90s, around 5-7. not a market call, just realized I could buy a 100 year old pure silver coin less that a meal at a fast food restaurant.

thanks
selkirk
 

Dead Money

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Thanks Selkirk

Thanks Selkirk

Good information.

My plan is to buy a dab every month .

I am looking at physical gold and silver as kind of a "insurance policy."
Hope you don't need it, but it is "in hand" for immediate cash, if you need it.

I recently cashed in all my stocks and funds.
Just feel it is stacked against the small player, driven by the Wall Street Machine.

On the advice of a friend, I wandered into several local coin shops to get educated.

AMAZING array of products....Silver and Gold in every conceivable form.

There were Pure Assayed Bars of silver as small as an ounce up to 100 ounces; REAL AMERICAN silver dollars from the 1880's, rolls of American silver dimes, quarter halves.
Pure Silver one ounce Canadian Maple leafs, silver ounce Chinese Panda coins, Silver ounce American Eagles.

The last circulating American all silver coinage was 1964.

Gold coins from everywhere, Chinese Pandas, Canadian Maple leafs, American Eagles AND American Buffaloes,
Krugerrands from South Africa, Mexican gold pesos, British Sovereigns,
even old American gold coins dated before 1900 that once circulated here.

After some on-line pricing research, I plan to buy locally, I like the immediate exchange of cash for my product in hand.
 
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Jaxx

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After some on-line pricing research, I plan to buy locally, I like the immediate exchange of cash for my product in hand.

Buying locally is a really good idea. Higher premium but this way there is no record of the purchase that anybody can trace (government) to your shiny stuff. I started accumulating a few months ago. Warning once you start it gets in your blood. Kitco is a great place to do some research as there are some very knowledgeable stackers on that site.

GL
 
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Dead Money

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online vs local and what form of gold + silver to get

online vs local and what form of gold + silver to get

I am fortunate to live in a city with 4 active coin shops, so I have easy access to many products.

If you are interested in G+S (gold & silver) and happen to live in, say, Gotiebow Alaska, you will probably buy online.
Or save up your funds and purchase in a nearby big city.

Here is a list of on-line G+S bullion dealers complete with reviews.
Most G+S forums endorse the top tiered people as ok.http://golddealerreviews.com/gold-dealers.

Buying from on-line dealers can be a little more time consuming.
Payment by check, money orders will be delayed for clearance, credit cards will have a small fee tacked on (the gold dealers work on tight spreads, processing a credit card costs money).
Bank wires for big purchases would be fast.
Plus you are looking at shipping fees and worry about the transit.

I would avoid EBAY like the plague...lots of scams and counterfeits with G+S.
No short cuts here, buy from a REPUTABLE source.

I plan on buying from local dealers, cash in hand, (no credit or check) G+S out the door in hand.


WHAT TO BUY?
GOLD:
I like the American Gold Eagles and American Buffalo one ounce gold coins. Here are pics http://www.google.com/search?q=bull...IOb7igKMy4DYDg&ved=0CEUQsAQ&biw=1837&bih=1090

The eagles are 22Kt and has the obverse of the old St Gaudens Twenty Dollar coin that circulated from 1907- thru the 1930's.
The Buffaloes are 24kt pure, and look like the old buffalo nickel..really a stunning coin.



PRICING

Online and my locals are very comparable. One ounce Eagles and Buffs are currently about 50-57 dollars over the New York spot price.
My locals are currently paying about 20-26 dollars over spot for them.
So basically, between the buy and sell, there is
about a 30 dollar spread.

Worldwide supply and demand obviously will influence a dealers price to a degree.

I am told that the mint sells their bullion products to a small hand full of "Primary Dealers" from there, they are sold to
the trade.
Primary dealers pay the mint about 3% over spot for one ounce eagles and buffaloes and buy millions of dollars at a time.

SILVER
WHAT TO BUY?

Still looking at this, SO many options, stay tuned.
 
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Dead Money

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Hi Ho silver...

Hi Ho silver...

"Poor mans gold"

There are so many options available...I will discuss Silver eagles, 90% American coinage and Pure Assayed bars.

All examples are based on current spot price of $20.00

Old "junk silver" the dimes,
quarters, halves 1964 and prior trade by face value.
These are when our circulating coins were made of 90%silver.

If you had a bag of $1000.00 face value and melted it, you would after assay; net about 715 pure ounces, (abt $14,000 dollars pure)
A full $1000.00 bag weighs about 54 pounds and consumes the space of a bowling ball.

Dealers in my area were selling small quantities at abt 18-19 times face value, (thats a hefty premium, almost $6 over spot per oz.) buying at abt 15-16 times face.
A full $1000. bag will net a discount to abt 17 times face. (abt $3-$4.over spot)



The reckoning on these is that if it all goes to "Hell in a hand basket" people will recognize these as value. (Popular with the survivalist crowd)

AMERICAN SILVER EAGLES.

Produced as a bullion item by the US mint since 1986.
Pic here http://www.google.com/search?client...sAQ&biw=1837&bih=1090&q=silver eagle pictures

The obverse design is from the old Walker Halves produced 1916-1947.

They trade as singles, rolls of 20, or a "Monster Box" of 25 rolls of 20.

A 2013 single will cost you in my area about $5.00 over spot.
Rolls of 20 about $4.50 over spot per coin, a "Box" of 25 rolls about $3.50 over spot per coin.

You may find slightly better deals on-line.

The dealers in my area buy back prices ranged from spot + 1.00 to spot + 1.75 for pre 2013 coins.

SILVER BARS

Assayed Pure Silver bars are readily available in 1 ounce, 5 ounce, 10 ounce, and 100 ounce.
Also in 1 ounce round coin form, many different themes, from Santa Claus to Buffaloes.

Many of these bars and coins are made from re-claimed silver scrap + coinage by private mints and refineries.

Picture of a thousand ouncer here...http://www.google.com/imgres?imgurl...kATqs1A3PzBVM:;ymfivN1u1GYg0M;wkATqs1A3PzBVM:

Will continue later...

1oz thru 10oz pure silver assayed bars are readily available for $1.50 or so over spot per oz.
Buyback was spot +.25-.$50 per oz.

CONCLUSION

Best bang for the buck is pure assayed silver bars.

Depends on your wants. Silver eagles are gorgeous but pricey, but also highly sought after.

Silver has a bulk issue, about 60 oz of silver has same value as 1 oz gold.
For portability, I recommend Gold.
For a "value" play, some of both maybe 75% gold 25% silver.

One thing for sure, the world's governments are not going to stop inflating and printing money. They can not print gold and silver out of thin air.

While at a coin store, a fella cashed in a gold eagle and was paid cash with no questions.
I like this aspect...you are pretty much anonymous as a buyer and seller.

Hope this helps...:0003
 
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Jaxx

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PRICING

Online and my locals are very comparable. One ounce Eagles and Buffs are currently about 50-57 dollars over the New York spot price.
My locals are currently paying about 20-26 dollars over spot for them.
So basically, between the buy and sell, there is
about a 30 dollar spread.

Damn Dead Money that is a nice price over spot $26? Is that what you get them for? The LCS I frequent here in Jax is $99 over spot for the AGE and Buffalo, $89 for the Maple and $79 for Kugerrands. I really like the 2013 Maple with the micro-engraved privy mark for security. Beautiful coin. Like the Buffalo over the Eagle. Don't own any Kugerrands as I did not care for them.

:0074
 

Dead Money

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Damn Dead Money that is a nice price over spot $26? Is that what you get them for? The LCS I frequent here in Jax is $99 over spot for the AGE and Buffalo, $89 for the Maple and $79 for Kugerrands. I really like the 2013 Maple with the micro-engraved privy mark for security. Beautiful coin. Like the Buffalo over the Eagle. Don't own any Kugerrands as I did not care for them.

:0074

Hi Jaxx...that was their buy price.... guess they buy em and flip them?
My brother-in-law buys his in Florida from Gainesville coins... I am pretty new to this, your premium sounds a little high, any competitors nearby?

Maples look sweet, have not seen the privy marked for security, sounds like a good idea, hard to beat the Gold Buffalo.

Krands apparently been around forever....

Here's Gainesville link, they are rock solid according to my brother in law. http://www.gainesvillecoins.com/pro...ndition.aspx?gclid=CPCx5pTRtrgCFcdxQgodmw0AWA
 
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Dead Money

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"Golden Losers"

"Golden Losers"

Here is a low cost accumulation plan that if implemented here, would empty Ft Knox.





Dubai offers gold in return for weight loss

Rising rates of obesity in the Gulf are being blamed on fast food and sedentary lifestyles
Continue reading the main story
Related Stories
What are the health risks of obesity?
Authorities in Dubai are offering gold in return for weight loss in an scheme to encourage healthier living.

Those interested can sign up from Friday for the initiative which lasts over the next 30 days and coincides with Ramadan, a month of fasting.

For each kilogram lost, participants will receive a gram of gold, which is currently worth about $45 (?30).

Those taking part - dubbed "golden losers" - need to lose at least two kilos to receive the payout.

The three participants who lose the most weight will be entered into a draw to win a gold coin worth $5,400.

Called Your Weight in Gold the scheme was announced by Hussain Nasser Lootah, director general of Dubai Municipality.

"Ramadan is the most appropriate season to launch such initiatives as it reminds us about many health benefits of reducing weight and encourages us to take strong steps to change our bad lifestyles," he said.

There has been alarm across Gulf States at the sharp rise in obesity blamed on increasing fast-food diets and a lack of exercise.

The Your Weight in Gold scheme is being sponsored by the Dubai Gold and Jewellery Group and Dubai Multi Commodities Centre (DMCC) .
 

Dead Money

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Graded eagle's

Graded eagle's

Picked up a dab of gold + silver eagles Saturday.

The dealer offered me some 2013 Eagles that were in a fancy plastic holder that were professionally graded Mint State 70, at a very hefty premium.

I compared them to the coins fresh out of the tube.
Looked like the same Bullion coins to me.

Unless you are a very knowledgeable "collector",
I would shy away from anything other than the basic LOW PREMIUM stuff.
After-all, this stuff is basic gold and silver.
Can't blame the dealer for trying to make an extra buck or two.


Looks like a fairly timely purchase, gold up $25 and silver up .75 today Monday.
 

Dead Money

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Ordered one today..

Ordered one today..

2013 is the 100th anniversary of the Buffalo Nickel.

The mint today, and for one month is taking orders for a one ounce pure gold one ounce special issue Buffalo Coin.

This is a one time issue in a special finish....at $1640 delivered, it is about $350 above gold value.



I always admired the Buffalo Nickel with the Indian Obverse and Buffalo Reverse.

Check it out..http://catalog.usmint.gov/webapp/wc...ctId=17144&langId=-1&parent_category_rn=10111

Look at it with the"zoom" feature above and to right of coin.
 

stockjockey

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I view gold as a currency, not a commodity. If you look at all of the world's central banks and their lunatic monetary policy of money printing, there will be a global currency reset at some point. Those with the most gold will have the most power. It's really that simple. The paper price doesn't reflect the true market for gold as it is manipulated by the Fed to keep it from competing with the dollar.
 

Jaxx

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2013 is the 100th anniversary of the Buffalo Nickel.

The mint today, and for one month is taking orders for a one ounce pure gold one ounce special issue Buffalo Coin.

This is a one time issue in a special finish....at $1640 delivered, it is about $350 above gold value.



I always admired the Buffalo Nickel with the Indian Obverse and Buffalo Reverse.

Check it out..http://catalog.usmint.gov/webapp/wc...ctId=17144&langId=-1&parent_category_rn=10111

Look at it with the"zoom" feature above and to right of coin.

Sweet coin Dead Money. I would love to see a pic of it when you take delivery. Nothing like having a coin like that in hand. Awesome!

:toast:
 

Dead Money

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What was the buying power of a dollar in past years?

What was the buying power of a dollar in past years?

Watched a movie the other day, they were offered $2 million for a business in 1877....

Question came up "How much is that in todays money adjusted for inflation?"

Here is yearly list




$1 worth of 1877 dollars is now worth $22.22
$1 worth of 1878 dollars is now worth $23.26
$1 worth of 1879 dollars is now worth $23.26
$1 worth of 1880 dollars is now worth $22.73
$1 worth of 1881 dollars is now worth $22.73
$1 worth of 1882 dollars is now worth $22.73
$1 worth of 1883 dollars is now worth $23.26
$1 worth of 1884 dollars is now worth $23.81
$1 worth of 1885 dollars is now worth $24.39
$1 worth of 1886 dollars is now worth $25
$1 worth of 1887 dollars is now worth $24.39
$1 worth of 1888 dollars is now worth $24.39
$1 worth of 1889 dollars is now worth $25.64
$1 worth of 1890 dollars is now worth $25.64
$1 worth of 1891 dollars is now worth $25.64
$1 worth of 1892 dollars is now worth $25.64
$1 worth of 1893 dollars is now worth $26.32
$1 worth of 1894 dollars is now worth $27.03
$1 worth of 1895 dollars is now worth $27.78
$1 worth of 1896 dollars is now worth $27.78
$1 worth of 1897 dollars is now worth $27.78
$1 worth of 1898 dollars is now worth $27.78
$1 worth of 1899 dollars is now worth $27.78
$1 worth of 1900 dollars is now worth $27.78
$1 worth of 1901 dollars is now worth $27.78
$1 worth of 1902 dollars is now worth $27.03
$1 worth of 1903 dollars is now worth $26.32
$1 worth of 1904 dollars is now worth $26.32
$1 worth of 1905 dollars is now worth $26.32
$1 worth of 1906 dollars is now worth $26.32
$1 worth of 1907 dollars is now worth $25
$1 worth of 1908 dollars is now worth $25.64
$1 worth of 1909 dollars is now worth $25.64
$1 worth of 1910 dollars is now worth $24.39
$1 worth of 1911 dollars is now worth $24.39
$1 worth of 1912 dollars is now worth $24.39
$1 worth of 1913 dollars is now worth $23.81
$1 worth of 1914 dollars is now worth $23.26
$1 worth of 1915 dollars is now worth $23.26
$1 worth of 1916 dollars is now worth $21.28
$1 worth of 1917 dollars is now worth $18.18
$1 worth of 1918 dollars is now worth $15.38
$1 worth of 1919 dollars is now worth $13.51
$1 worth of 1920 dollars is now worth $11.63
$1 worth of 1921 dollars is now worth $12.99
$1 worth of 1922 dollars is now worth $13.89
$1 worth of 1923 dollars is now worth $13.7
$1 worth of 1924 dollars is now worth $13.7
$1 worth of 1925 dollars is now worth $13.33
$1 worth of 1926 dollars is now worth $13.16
$1 worth of 1927 dollars is now worth $13.51
$1 worth of 1928 dollars is now worth $13.7
$1 worth of 1929 dollars is now worth $13.7
$1 worth of 1930 dollars is now worth $14.08
$1 worth of 1931 dollars is now worth $15.38
$1 worth of 1932 dollars is now worth $16.95
$1 worth of 1933 dollars is now worth $17.86
$1 worth of 1934 dollars is now worth $17.54
$1 worth of 1935 dollars is now worth $16.95
$1 worth of 1936 dollars is now worth $16.95
$1 worth of 1937 dollars is now worth $16.13
$1 worth of 1938 dollars is now worth $16.67
$1 worth of 1939 dollars is now worth $16.95
$1 worth of 1940 dollars is now worth $16.67
$1 worth of 1941 dollars is now worth $15.87
$1 worth of 1942 dollars is now worth $14.29
$1 worth of 1943 dollars is now worth $13.51
$1 worth of 1944 dollars is now worth $13.33
$1 worth of 1945 dollars is now worth $12.99
$1 worth of 1946 dollars is now worth $12.05
$1 worth of 1947 dollars is now worth $10.53
$1 worth of 1948 dollars is now worth $9.71
$1 worth of 1949 dollars is now worth $9.8
$1 worth of 1950 dollars is now worth $9.71
$1 worth of 1951 dollars is now worth $9.01
$1 worth of 1952 dollars is now worth $8.85
$1 worth of 1953 dollars is now worth $8.77
$1 worth of 1954 dollars is now worth $8.7
$1 worth of 1955 dollars is now worth $8.7
$1 worth of 1956 dollars is now worth $8.62
$1 worth of 1957 dollars is now worth $8.33
$1 worth of 1958 dollars is now worth $8.06
$1 worth of 1959 dollars is now worth $8.06
$1 worth of 1960 dollars is now worth $7.87
$1 worth of 1961 dollars is now worth $7.81
$1 worth of 1962 dollars is now worth $7.75
$1 worth of 1963 dollars is now worth $7.63
$1 worth of 1964 dollars is now worth $7.52
$1 worth of 1965 dollars is now worth $7.41
$1 worth of 1966 dollars is now worth $7.19
$1 worth of 1967 dollars is now worth $6.99
$1 worth of 1968 dollars is now worth $6.71
$1 worth of 1969 dollars is now worth $6.37
$1 worth of 1970 dollars is now worth $6.02
$1 worth of 1971 dollars is now worth $5.78
$1 worth of 1972 dollars is now worth $5.59
$1 worth of 1973 dollars is now worth $5.26
$1 worth of 1974 dollars is now worth $4.74
$1 worth of 1975 dollars is now worth $4.35
$1 worth of 1976 dollars is now worth $4.12
$1 worth of 1977 dollars is now worth $3.86
$1 worth of 1978 dollars is now worth $3.58
$1 worth of 1979 dollars is now worth $3.22
$1 worth of 1980 dollars is now worth $2.84
$1 worth of 1981 dollars is now worth $2.57
$1 worth of 1982 dollars is now worth $2.42
$1 worth of 1983 dollars is now worth $2.35
$1 worth of 1984 dollars is now worth $2.25
$1 worth of 1985 dollars is now worth $2.17
$1 worth of 1986 dollars is now worth $2.13
$1 worth of 1987 dollars is now worth $2.06
$1 worth of 1988 dollars is now worth $1.98
$1 worth of 1989 dollars is now worth $1.89
$1 worth of 1990 dollars is now worth $1.79
$1 worth of 1991 dollars is now worth $1.72
$1 worth of 1992 dollars is now worth $1.67
$1 worth of 1993 dollars is now worth $1.62
$1 worth of 1994 dollars is now worth $1.58
$1 worth of 1995 dollars is now worth $1.53
$1 worth of 1996 dollars is now worth $1.49
$1 worth of 1997 dollars is now worth $1.46
$1 worth of 1998 dollars is now worth $1.43
$1 worth of 1999 dollars is now worth $1.4
$1 worth of 2000 dollars is now worth $1.36
$1 worth of 2001 dollars is now worth $1.32
$1 worth of 2002 dollars is now worth $1.3
$1 worth of 2003 dollars is now worth $1.27
$1 worth of 2004 dollars is now worth $1.24
$1 worth of 2005 dollars is now worth $1.2
$1 worth of 2006 dollars is now worth $1.16
$1 worth of 2007 dollars is now worth $1.13
$1 worth of 2008 dollars is now worth $1.09
$1 worth of 2009 dollars is now worth $1.09
$1 worth of 2010 dollars is now worth $1.07
$1 worth of 2011 dollars is now worth $1.04
$1 worth of 2012 dollars is now worth $1.02
$1 worth of 2013 dollars is now worth $1



With the "runaway printing press" mentality of many industrialized countries, long term precious metals looks highly desirable.

If you question Money, Possessions, justice, religion, peace + freedom, Death, Science, Family, and many soul searching topics, check out this site, THE REALITY OF ME http://www.tromsite.com/

Warning, it is pretty deep stuff, you may end up questioning everything you currently are led to believe.
 
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Dead Money

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Gold and Fed Reserve printing press

Gold and Fed Reserve printing press

Saw this little factoid regarding Gold and Fed money out of absolute thin air...it speaks VOLUMES, as gold nears $1400 and Silver $24



"Demand from the over 2.3 billion people, rich and poor, in China and India alone in just 2013 is set to be 1,000 metric tonnes which is worth over $87 billion. It is important to juxtapose this with the $85 billion that the Federal Reserve is printing every single month."
 

Dead Money

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Mint raised price to $1690 today....gold up almost $50 since initial offering...to date 29,500 have been sold.

Currently they are $1740 and with gold breaking 1400, according to the mint pricing schedule, they will be repriced up another $50 today or tomorrow.

There are 9 days left to order one.
So far only 37,000 have been ordered.
This could be a good one considering their last offering (2pc Special Eagle set sold 281,000)

If you are on the fence, buy one today, tomorrow will likely cost you an extra $50.
 

Dead Money

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Total mintage was just north of 47,000

Total mintage was just north of 47,000

"Gold and silver CAN not be printed, and will always be stores of value."

The Bernack is extending the carnage that is destroying the dollar.

He is propping up the almighty stock market, to the tune of $85 billion a month in bond purchases.
That is money literally
produced out of "thin air".

The next Fed chair is likely to be Yellen, who will likely have to continue this charade. She has stated that a little inflation is a "good" thing.

I do not think the Fed has an "end game", they are in uncharted territory, as the economy and job picture continues heading south.

I read this from Capitalist Exploits this morning and had a good chuckle, perhaps you will to...


IMAGINE for a second you're a terrorist intent on inflicting unimaginable harm on your enemy. Now let's further imagine that your enemy is the United States...

The sun rises over your holy mother land, a land now inhabited by the infidels. You don your Kalishnikov, climb out of your cave, scan the skies searching for drones. Stroking your beard you wonder what the virgins do with their time between incoming martyrs. Then you contemplate how you might go about your Jihadist day, seeking (un)holy vengeance against the great Satan?

You pose a grave danger to the citizens of the United States - their government tells you so - you've seen it on CNN (satellite dish in the cave, of course). This brings you immense satisfaction and pride.

As you survey some stray goats wandering the barren hillside you're troubled as to how this can be so. Your options appear severely limited.

You could capture a passing, stray American NGO, decapitate them on video and post it for the world to see - along with a mouth frothing, unintelligible rant in a language few understand. Impact negligible...and lots of time spent stalking, capturing, struggling with your victim, etc. Then there's the whole decapitation thing...messy, very messy. Best to go back inside the cave and smoke your fine Afghan Hashish.
You consider another popular option. You could find yourself a locale full of infidels, oh say maybe a heavily-fortified US military base, strap a bomb to your ass and rush the gates. Impact better...however this one takes a bit of planning - gotta make sure not to blow the bomb in any practice runs. Then of course there's the nagging question as to whether the virgins really exist. Maybe a rethink is in order.
Sitting comfortably back in your cave you fire up the satellite dish and tune in to watch Wolf. To your amazement you find that you don't actually have to do anything! Your wildest fantasies are coming true...OK, not all; the virgins remain as elusive as ever.

What you find is that your enemy is being dealt some terrible blows without your having to do much more than smoke, herd and stare at your sandals - which you realise really do need replacing.

The damage is being done not by swish bang fighter jets from an invading army, not by any Jihadist bombers with scant regard for their innards, nor from any of your fellow sky-gazing, bearded, cave-dwelling brethren.

No, instead these blows come from none other than your enemies very own National Security Agency. The very chaps entrusted to protect the citizens of the great Satan!"

Entire article here...http://capitalistexploits.at/
 
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