gold and silver price crash

how can it be that kitco is having problems delivering bullion? supposedly, their prices are the best possible prices imaginable in the entire universe, because we're all globally connected by computers, and the price is always, constantly, the best possible price of all worlds?

and yet, the price of gold and silver has dropped. and there is a lot of demand all of a sudden. doesn't that tell us the PRICE IS TOO LOW?

silver at $12.70? holy *#$@. that's all i can say. it's not really $12.70. and it won't be for long. and gold is around $786.

that must mean there was a major deflation somewhere. somebody defaulted on a couple trillion dollars. it got crossed off the books. the money never existed in the first place. (i could be mistaken, but that's my interpretation based on what i've read about how it works. 'trillion' might be an exaggeration.)

what would fekete say about the basis? the basis: in futures, the basis is the difference between the spot price and the nearest futures price. he sometimes confuses me, because there's a way of subtracting one number from the other, in reverse, and it goes by a different name, but it's pretty much the same thing. so he'd talk about negative basis, but it seemed to me like he meant the exact opposite of what he was saying. (*that's weird. what if that was a disinformation glitch? censorship?*) that's why i struggled to understand fekete. and now, his gold standard university is shut down, because of lack of funding or something. so he can't talk to people face-to-face anymore. so now, we have to rely on an untrustworthy, hacked, censored internet, with the military spying on it, to read anything fekete writes. they could just change a word or two and it would make nonsense of the whole thing. and it would be important to do that, because he's probably right, and he probably knows loopholes and ways to make money that you're not allowed to know.

it would be weird, and horrible, if some particular person's emails and web pages were designated for censorship, and every time you sent or received letters from that person, a particular word would get changed to some other word. and you'd both think each other was crazy and stupid because you couldn't communicate. so 'basis' would get changed to its opposite, and so on. and nobody would know what was going on.

the other night i heard the little fish saying 'i'll go deflate him....' 'pfffffffff...' from finding nemo. the big puffer fish who inflated when he got angry or huffy.

inflation and deflation, at the same time, to different degrees, in different places. there is no such thing as a universal average trend of inflation or deflation, perhaps, because that concept destroys too much information about the state of things. you might estimate how much money exists on the entire planet, but that wouldn't tell you much about things getting written off the books at particular corporations.

it's different places, and different countries, different banks, marketplaces, different commodities, etc.

the coin dealer actually sells individual bullion coins at a price with respect to the price he bought them at. he told me that when i asked him why there was a difference in price between two similar pieces of silver. he can't go rewrite all the pieces of paper by hand every time the 'official' numbers change. that's helpful - it slows down the price changes.

but kitco sells it to you at whatever the internet-computer price says it is, at that exact instant, so their prices change constantly. and it results in weird things like their website's message saying they can't deliver the bullion right away.

and there's some suspicion that the internet's gold and silver prices might be hacked. i don't mean necessarily 'hacking,' but rather, some artificial distortion, as a result of the calculations used or the method of trading. people complained about this recently when some new york or chicago computer system suddenly went online. it happened earlier this year. i forget what it was called. they said that this new computer connection was set up and suddenly the prices dropped unexpectedly low. they showed before and after images on a graph at kitco, where the graph shows at the bottom the names of the trading systems, or locations, like new york stock exchange, that kind of thing, and hong kong, and then there was a new computer trading system that suddenly appeared down there one day.

wow... the gold/silver ratio is up to 61.89! it had only just recently been down around 50 something, but i forget what exactly it was. you can buy lots and lots of silver, with one piece of gold. it means, spend a piece of gold, to buy a whole bunch of silver.

when the ratio is low, it means, spend only a few pieces of silver, to buy a piece of gold.

wow, i wish i had defaulted on my debt just before this happened. it would have definitely been entertaining to my delusions of grandeur - that would've been fun. i could have bragged that i was the person who triggered the disastrous 2008 gold/silver price crash. oh well, i will have to just jump on the bandwagon after defaulting has already become popular.

it's strange, it feels ruthless, to watch the banks losing money. we watch them and wonder if we can encourage everyone else to default as well. defaulting, the popular new trend.

my apartment doesn't have a fireplace.