Buy Silver & Gold Right NOW!

[pegasusjtr]

I went to a coin shop in Oakland, CA. this morning to learn that someone had bought their entire stock of American Silver Eagles, a total of 86 coins at a total estimated value of $1,500 U.S. dollars. In addition, their entire stock of American Gold Eagle coins were also purchased. Obviously, I was disappointed and that everyone should be aware of this.

[Rocky_Shorz]

Well I noticed as the markets were sinking, that people weren't jumping into electronic metals...

[TAXMASTER]

Rocky,

The electronic markets are manipulated. The metals are kept low for a reason. If you look at the dollar index, it went up again today. What a crock. That is why there is a gold/silver shortage, because supply and demand do not calculate in the price. This is why dealers charge a surcharge on the spot price.

a brief example is as follows:

on the futures market, somebody wants to buy a futures contract on gold. You need about $7500 to buy a contract to buy 100 ounces of gold. Market value $90,000). When you buy it the price that gold is at that point determines what you bought it for. in other words if the price was $900 then you bought $90,000 worth of gold. if the price goes up $50 an ounce then you can sell your contract and get your $7500 back plus the profit of $5,000 (100 ounces X $50 per ounce) Of course if the price goes down, its the reverse.

now lets assume that most people buy only on speculation and do not intend to take delivery. That means they sell and cash out before the contract comes due. So when you buy a contract you do not buy the actual gold, you buy a promise to buy gold at a specified date. The gold is kept in cental banks and they are not audited on the actual amount that they have in their vaults. The bank then leases the gold to a speculater that then sells this gold on the market. If there is more supply than demand then the price goes down. they flood the market with this paper gold which drives the price down. after the price drops so much that it scares out most of the investors, these same speculaters then buy a contract to replace the contract that they sold at the higher price and in essence give the gold back to the bank and keep the profits.

this my friends is a simple but effective way to describe how it is done. no gold or silver changes hands, its all on paper. this will unfold at some time in the future and that is why george greene and others say to own the actual metal itself instead of a future contract or an ETF.

Namaste'

[Ampgod]

Yup!

Physical possession is key. :thumb_yello:


Peace,
Ampgod

[Rocky_Shorz]

where can we find how much paper gold/silver is in the market?

[TAXMASTER]

www.kitco.com

for spot prices

namaste'

[Argyll]

According to the London gold fix the price of gold has jumped £25 ($39) per ounce since this morning.......that seems like a hell of a leap!

[Rocky_Shorz]

LINK

http://www.silveraxis.com/

so by this link, it looks like ~120 Million ounces more than what is stored in banks.

That still sounds like a small number compaired to what I was expecting...

did I read it right?

300M ounces total above ground silver today, the rest is paper

I wonder how much of the 300M is in coins not sitting in bank vaults...

[Rocky_Shorz]

strange coincidence, or is it...

my coin dealer called to say a Chinese man with a Briefcase walked in and bought up all of his silver and gold, wanted to know if I was interested in selling him back one of the bags of quarters...

The paper metal market has come to a standstill, everyone is moving towards hard metal, and it is disappearing quick...

[pineal-pilot-in merkabah]

According to the London gold fix the price of gold has jumped £25 ($39) per ounce since this morning.......that seems like a hell of a leap!

wait till the money bubble ill:smoke:usion bursts.. gold will be £1000 ounce

[zorgon]

this my friends is a simple but effective way to describe how it is done. no gold or silver changes hands, its all on paper. this will unfold at some time in the future and that is why george greene and others say to own the actual metal itself instead of a future contract or an ETF.


Of what use is Gold on Paper?

Of what use is investing in Gold if they open Fort Knox like they did last time and the next Monday gold plummeted to a record low?

http://www.gold-eagle.com/editorials_04/images/bloom060904c.gif

Hey Rocky... if you want some of the real metal... drop me a line and I can tell you where you can buy some :biggrin2:

[eurosceptic]

Anyone got any tips about anything else to invest in (ie - Physical stuff!) other than gold and silver, specifically in the UK?

Anyone?:thumb_yello:

Where are the best gold and silver dealers in the UK???:trumpet:

[Suriel]

I have a white gold wedding ring. Does that count?

:biggrin2:

[eurosceptic]

i have lots of plastic this PC for example! maybe I can melt that down, print my own coin stamp on and get barterin' :biggrin2:

[Connecting with Sauce]

Anyone got any tips about anything else to invest in (ie - Physical stuff!) other than gold and silver, specifically in the UK?

Anyone?:thumb_yello:

Where are the best gold and silver dealers in the UK???:trumpet:

I was recommended this place by a friend who used them

http://www.goldline.co.uk/

Not sure if this is the best thing to do or not...

Thre are guys on ebay selling silver bars just be decerning... and quick.

John

[Mizar]

I visited my local Gold Shop last week, more people were exchanging money to go on Holiday than anything else, I was the only one buying Gold, lots of supply of everything except the US one ounce Buffalo Coin.
M

[Rocky_Shorz]

I wonder why Canada isn't having the same run on Metals as the US?

[PaladiN]

Wish I could by loads of gold and silver, problem is all my savings are tied up in the market:mad3:

If the market doesnt bounce back up soon I will be bankrupt:jawdrop:

[astraya]

I wonder why Canada isn't having the same run on Metals as the US?

We are!

[Mizar]

What's happening in Calgary?

[astraya]

I bought gold two weeks ago from Scotiabank and that was o.k. then went to buy silver the next day and they had just sold their last pieces. So I went to the coin dealer and got quite a few and went back last week again for more and they were limiting each person to 100 each because the mint had suspended their orders. They have no idea if their (long-standing) orders will be filled. They said it was due to excessive demand from the States and this situation is unprecedented.

[truth-freedom]

Just wanted to add my two cents here. I used Goldline as someone above mentioned. My account rep there advised me to buy private silver because there is some talk of the confiscation thing being called in again. The 'junk silver' that George Green talks about is private and not confiscateable like bullion is. I bought Ben Franklin half dollars which are 90percent silver. As long as you spend at least a thousand dollars US you can order from an actual person. Less than that and you have to use their online store. Delivery time right now is about three weeks. If nothing crazy happens in a few hours and we can still make transactions, it's definitely the place to buy from. Anyone who wants more info or phone number and extension of my account rep can PM me and I'll be glad to share info. They have never not bought back their metals AND you get a satisfaction guarantee on your first purchase with them or your money back.
Hope we all have a peaceful tomorrow!

[Mizar]

Astraya;
Thanks for the post, I had heard that US dealers were out of everything, but was not aware that they were cleaning us out as well. 100 coins is over 90 Large if you are buying one ounce .999's, How are they getting that kind of money across the border?
M

[astraya]

100 coins x about $17.50= $1750
that's not so hard to get over the border? and they also accept credit cards...

[Rocky_Shorz]

Of what use is Gold on Paper?

Of what use is investing in Gold if they open Fort Knox like they did last time and the next Monday gold plummeted to a record low?

Hey Rocky... if you want some of the real metal... drop me a line and I can tell you where you can buy some :biggrin2:

I was just surprised what this guy told me, he had racks and racks of them, he sold them all...

Hearing that it is going on up north has me wondering if someone is buying up everything they can find.

I've been buying up poor condition quarters 90%...

Take a look around and see if things have changed in the last week.

[Mizar]

Astraya;
I was talking Gold, one ouncers, .999 pure.
Sure, Silver has been selling but there is a lot of that out there, perhaps there is some buying from the South.
Again, thanks for the info.

M

[Gnosis5]

Here is a gold chart -- historical. If the rise is proportional to the base then we should see it go higher.

http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx




http://www.kitco.com/LFgif/au883-999.gif (http://www.kitco.com/LFgif/au883-999.gif)




Of what use is Gold on Paper?

Of what use is investing in Gold if they open Fort Knox like they did last time and the next Monday gold plummeted to a record low?

[snipped] :biggrin2:

[feeler]

I have a white gold wedding ring. Does that count?

:biggrin2:

Good for you. I lost my white gold wedding ring. I almost dived into the outside garbage can looking for it.

One good coin dealer I can recommend is Don Stott. He's one heck of a character. This guy got good-old-fashion values.

http://www.coloradogold.com/

I've been reading his columns for years. This guy is a hard core conservative. Though I cannot guarantee your satisfaction, I trust his personal integrity. EXCERPT:

As we watch the elections come up in a very few days, I wonder just how many millions of the stupid, thoughtless, homeless, slum dwelling, welfare receiving, will be voting for Obama the Muslim? Trash, voting for Obama, who isn't even legally qualified to be President, according to the Constitution. Semi-literate, mentally deficient, voting for a mulatto disaster, who has the most liberal voting record in his brief tenure as a Senator. It is frightening to contemplate. Wouldn't it be nice for voting to be limited to the literate, educated, home owning, job holding citizens, who thought that voting was a privilege, not a duty? Who thought and read and investigated the candidates, rather than just voting for a party 100%? Wouldn't it be nice if Ron Paul were to be our next President?

[Dominic]

I went to Northwest territorial mint today. I talked to the owner. We talked for about a hour.

He said the powers to be are beating the price of silver and gold to death. In the 28 years they have been in business there has never been such a run from currency to metals. While I was there thousands of ounces of gold and silver were sold. I bought 200 oz of silver for 12.13 per oz. One call in order was for 20,000 oz of silver while I was there. People where lined up outside.

This is serious he had a new Amero and showed it to me. This man said we will be lucky if we can trade 4 dollars for one Amero.

I have always been a precious metal collector and now its most important. Save just enough currency to wipe your A** with, it is going to zero.

It is part of the economic terror they are playing out.

Use your currency while you still can!

Love and Peace

[Ampgod]

Wish I could by loads of gold and silver, problem is all my savings are tied up in the market:mad3:

If the market doesnt bounce back up soon I will be bankrupt:jawdrop:


Oh Boy. I'd exit quickly if I were you.

[isotelesis]

Who is getting rich from infalted gold prices? Not that we have a choice. One must ebb and flow with the masses in order to survive at times. Alas all too common in history.

[argonacon]

there is no gold in fort knox.

[zorgon]

Anyone got any tips about anything else to invest in (ie - Physical stuff!) other than gold and silver, specifically in the UK?

Gemstones...

Diesel Fuel (for those generators)

[zorgon]

I have a white gold wedding ring. Does that count?


It WOULD as Gold id Gold... but since you paid an inflated premium price for the goldsmiths work, its not such a great investment... usually gets a 10% return as scrap gold... :biggrin2:

[zorgon]

Astraya;
Thanks for the post, I had heard that US dealers were out of everything, but was not aware that they were cleaning us out as well. 100 coins is over 90 Large if you are buying one ounce .999's, How are they getting that kind of money across the border?
M


PSSSSTTTTT

Anyone called the refineries like Johnson Matthey:wink2:

SHHHHH Don't tell anyone now :wink2:

[gretsico]

seems to be a bit of a shortage down here in oz too.
just bought the last of a dealer in brisbane..
thats my 2c :biggrin2:

[Lance]

I wonder why Canada isn't having the same run on Metals as the US?


Last time I checked, I could not buy 200, 1 ounce maples leaves (silver) nor my beloved palladium 1 ounce coins in Vancouver....I could have bought a smattering of smallish items but mostly the dealers were interested in selling me 100 ounce bars of silver which I find unsightly. When I bought Vancouver out several weeks ago, it never seemed to recover.

1/2 ounce wolves are available. At waaaaay over spot, and even the few i ounce silver maple leaves were going for 17.00 that is damn higher than spot.
Of course, Canada is pretty damn vast and Vancouver has slightly over a 50% Asian population whom seem to be a bit smarter about these things.

[Anchor]

If pegasusjtr agrees, please can a moderator change the title of this thread to

"Buy Physical Silver & Gold Right NOW"

?

pegasusjtr: are you ok with that?

A..

[tandiwe]

For UK people

A friend of mine bought 1oz silver coins from Guernseymint.com and they haven't arrived. I will let you know if they do. He said that they sounded completely legit on the phone so he's not freaking out yet.

Also he said ATS bullion are good, though they too run out quite fast. They used to be part of Spinks.

[Anchor]

Also he said ATS bullion are good, though they too run out quite fast. They used to be part of Spinks.

I used ATS Bullion. The trick is to go there. I used them to sell my gold and silver before I moved to Australia. They cut me a cheque there and then which cleared without problems.

I know people who bought from there too, and it was all legit.

Pay cash, and dont leave without the gold. If they havent got it, then walk away.

A..

[TAXMASTER]

Just wanted to add my two cents here. I used Goldline as someone above mentioned. My account rep there advised me to buy private silver because there is some talk of the confiscation thing being called in again. The 'junk silver' that George Green talks about is private and not confiscateable like bullion is. I bought Ben Franklin half dollars which are 90percent silver. As long as you spend at least a thousand dollars US you can order from an actual person. Less than that and you have to use their online store. Delivery time right now is about three weeks. If nothing crazy happens in a few hours and we can still make transactions, it's definitely the place to buy from. Anyone who wants more info or phone number and extension of my account rep can PM me and I'll be glad to share info. They have never not bought back their metals AND you get a satisfaction guarantee on your first purchase with them or your money back.
Hope we all have a peaceful tomorrow!


I called goldline a few months ago and they tried to use the same spiel on me. then i bought 1000 ounces ? of coins for $25 spot (wnen silver was 18). i got my invoice in the mail and discovered that the coins were 3/4 ounce of silver in small fine print. the invoice said refunds only within 10 days of invoice. i called them to tell them that they promised me ounces and my salesman was misteriously on vacation. i talked to the owner several times. it took several weeks to get my refund. i did not like how they do business. they prey on your naivete'

Namaste'

[Ross]

Anyone got any tips about anything else to invest in (ie - Physical stuff!) other than gold and silver, specifically in the UK?

Anyone?:thumb_yello:

Where are the best gold and silver dealers in the UK???:trumpet:


I've just ordered some from Chards in Blackpool. Their website is www.taxfreegold.co.uk and if you scroll to the bottom of the page there are 2 phone numbers you can contact them on. I just phoned up and said I wasn't a collector but looking at an investment and have ordered 4 x 1oz coins of their choice (the quickest option if you don't want to wait for specific coins).
They were really helpful and informative.

[TAXMASTER]

I have been monitoring the gold and silver futures market daily for the majority of the year. it is so obvious that the price is manipulated. friday they tried to keep the price under $840. monday it was $860. today it is $880. the price will edge up minute by minute as normal supply and demand are in play. then the price violently and agressively moves down and wipes out the gain over the last 7-8 minutes. then the same thing happens. as i said $880 seem to be the target today. tomorrow it will probable bounce around $900.

Namaste'

[Moonbaby]

I have purchased from gainsvillecoin and AMPEX, been satisfied with both transaction. Recently purchased from TULVING (some people equate him to the infamous soup-nazi) which was a no-nonense experience but the coins shipped yesterday.

Due to the demand, you need to check the websites often as they typically only post what they have on hand to sell, and that changes throughout the day. Sometimes they will take an order for product that will arrive the following week.

Don't put all of your investment in metals, it is best to diversify.

Peace,

Moonbaby

UPDATE: The misses just called and the Tulving delivery just arrived. I ordered it last Friday and it shipped yesterday. Can't beat that kind of service. Be advised that with most places you need to wire them the funds from your bank. If you send a check, it maight take a month to receive product.

[Rocky_Shorz]

so as all the hard metal is being bought up, someone with a pile of paper is dumping it into the market to keep the price low while they buy up metal.

Once the hard metal is gone, I bet they stop dumping paper...

Fort Knox has 140 Million ounces of Gold, American mines produce 1-2 Million ounces a year.

What is the production in Canada?

[silverman]

hi folks!

same picture in Europe. I am specialized on precious metals in various senses. Presentation about it, teach people, articles in newspapers like Finanz & Wirtschaft which is the most important newspaper for bankers etc. in Switzerland. roughly 2 months ago it was still relatively easy to buy 10 to 20'000 ounces of silver. The last order was 1'000 ounces of Philharmonikers (austrian coin) four weeks ago.

The market for physical gold & silver coins became completely inexistent over the last two weeks.

Pro Aurum (www.proaurum.de) biggest independent pm dealer in Europe has shut the doors today (in Munich) since they are sold out and working for 7/7/24 since a while.....

cheers,
silverman:welcomeani:

[Rocky_Shorz]

unreal...

Japan, India and Hong Kong Markets are down almost 1000 each, but the metal market isn't moving...

Does that seem strange to anyone?

[Evolution22]

I tried buying gold bars and silver coins in Seattle area. Everyone is telling me IF I buy today I won't see them till at LEAST feb 2009. I said to myself It
will be too late, so I think I'm buying an assault rifle...

[zorgon]

The market for physical gold & silver coins became completely inexistent over the last two weeks.

That's okay... got any Platinum lying around?

:wink2:

[eurosceptic]

erm buying an assault rifle? :mfr_omg: what? that is the way backward! :lmfao:
I think you may be on the wrong forum, mate!:lmao:

[SpeedAdict]

The New York Stock Exchange (NYSE) is selling gold and silver as the future and safe way to trade!!

http://www.nyse.com/futuresoptions/nyseliffe/1211983444453.html?sa_campaign=/internal_ads/homepage/09072008nyseliffe

http://www.nyse.com/press/1220869428835.html

Hope that this was usefull for the people who is looking to buy gold and silver:thumb_yello:

Peace-Love and Light to all!

[Kate]

I tried buying gold bars and silver coins in Seattle area. Everyone is telling me IF I buy today I won't see them till at LEAST feb 2009. I said to myself It
will be too late, so I think I'm buying an assault rifle...

Just for the record, this forum DOES NOT advocate or encourage the purchase/use of any weapons. OK? :sneaky2:

[Steve_A]

Hi SpeedAdict,

It's clear that the NYSE will tell you that the safe way to trade is in future gold markets. What tey don't tell you is that there isn't any gold available today. Basically they will issue an IOU to be re-paid in six months time. But seriously, will the NYSE be around as we know it in six months time? We have always been told, even as children, to save our money in the bank as it was secure. Are the banks today secure?

Personally I would only buy gold on the spot, receiving the product at the time of payment (actually I prefer to buy silver) as these current times are not as secure as the NYSE would have you think they are.

Best regards,

Steve


The New York Stock Exchange (NYSE) is selling gold and silver as the future and safe way to trade!!

http://www.nyse.com/futuresoptions/nyseliffe/1211983444453.html?sa_campaign=/internal_ads/homepage/09072008nyseliffe

Hope that this was usefull for the people who is looking to buy gold and silver:thumb_yello:

Peace-Love and Light to all!

[SpeedAdict]

Hi Steve..

Well in that case i agree with you 100%, if i want gold and pay for it, give it to me right now... Like you say the Federal Reserve may not be for 6 month from now...

heck, maybe will not be here by december...!!

Thanks for the post:thumb_yello:

[TAXMASTER]

I have been monitoring the gold and silver futures market daily for the majority of the year. it is so obvious that the price is manipulated. friday they tried to keep the price under $840. monday it was $860. today it is $880. the price will edge up minute by minute as normal supply and demand are in play. then the price violently and agressively moves down and wipes out the gain over the last 7-8 minutes. then the same thing happens. as i said $880 seem to be the target today. tomorrow it will probable bounce around $900.

Namaste'

Well, I wasn't too far off. Gold jumped up to $925 but the PTB keep forcing it to $910. It is amayzing, the market eeecks up over a few minutes then wham, in one big swoop the price slams back to $910.

Namaste'

[Evolution22]

Its like this, If I buy gold I wont see it till 2009. (too late). When the dollar falls there will be Martial law, and when that happens I won't be near Seattle. Im fleeing to the mountains/wilderness,so I need a gun for survival. I will also be stocking up on more food and supples for survival in the wild. Seattle is the last place you want to be.

ALSO what are you going to buy with gold and silver if there isnt any food? And I don't hav e much anyway so I need to be in survial mode with the little I have...

[Rocky_Shorz]

Well, I wasn't too far off. Gold jumped up to $925 but the PTB keep forcing it to $910. It is amayzing, the market eeecks up over a few minutes then wham, in one big swoop the price slams back to $910.

Namaste'

Large chunks of paper being dropped...

[TAXMASTER]

the PTB dump the market with paper gold which causes the price to go down. then the market starts to correct itself and then wham they do it again. if you knew exactly when and what the price will be you could buy and sell all day long and make mountains of money. thats exactly why the rich get richer and then theres the rest of us.

Namaste'

[Brinty]

I wonder if someone can answer this question. There are two people, we'll call them "A" and "B". "A" has $5,000 in the bank, but "B" has got a credit card debt of that same amount. Which of the two is in a better situation if the world's financial system goes belly up?

[Lance]

Just for the record, this forum DOES NOT advocate or encourage the purchase/use of any weapons. OK? :sneaky2:

Why is it non- North Americans whom dislike guns. Maybe those of you in the UK whose only wild foe is a meandering fox or something should try hiking up the mountain behind my house! When your skin starts to crawl from being stalked by one of several resident cougars, you might rethink gun ownership.

Evolution22 lives in Seattle, for a little 'useless' information, look at the PNW on a map, look how small Vancouver Island looks, it is BIGGER than Britain (and Madagascar for that matter), and has 1.4 million people on it. Probably about the same number of hungry wild critters. We, whom live in a vast wilderness, have more to take stock of than a were-rabbit or two. You are not even safe from critters on a boat..

http://www.cbc.ca/canada/british-columbia/story/2008/09/10/bc-bear-attack-port-renfrew.html

SNIP

"A bear mauling a man on a boat in Port Renfrew, B.C., wouldn't let go of its victim despite being struck with a gaff, beaten with a hammer and stabbed with sharp objects, one of the rescuers said Wednesday.

"It didn't let go until it died right in his boat," said Bruce Miller, who was the first to try to stop the attack.

Two men were fishing around 5 p.m. Tuesday when a black bear swam towards their boat and jumped aboard, RCMP Sgt. Roger Plamondon said Wednesday.

One of the men threw fish overboard, hoping to distract the bear, but he was still attacked, Plamondon said."

END SNIP

Buying a gun over metals right now is a wise decision. A bear ate ALL my pinot noir grapes the other night. Hmm, maybe throwing silver coins at him would have convinced him to leave. Or better yet, wishing him away! What if this were more of a survival situation and in confronting the bear with my good wishes and sling shot full of silver Maple Leafs, he charged and ripped me. Bear injuries are horrific, and go septic really, really, fast. They are not clean critters.

Projecting UK ideals on West Coast reality is pretty puerile. I could set out tomorrow, walk for 6 MONTHS and only run across the odd, decomissioned, logging road. Eventually, I would cross the 'highway' to Bella Coola. I've been in that area, in the alpine, and believe you me, anyone with a functional synapse would prefer to be armed. Once you leave the urban areas in the PNW, there isn't a whole lot of anything except bush.

[TAXMASTER]

I wonder if someone can answer this question. There are two people, we'll call them "A" and "B". "A" has $5,000 in the bank, but "B" has got a credit card debt of that same amount. Which of the two is in a better situation if the world's financial system goes belly up?

definately the one who has $5k on the credit card unless the PTB want it back and you cannot pay so they stick you in a fema camp for debtors. LOL

i still have not figured out how the whole debt thing will work out if the dollar tanks and they bring in the amero. theoretically if you owe $5000 dollars then will you owe 5000 ameros in it's place? if you have dollars in cash can you pay off the loan after the dollars become worthless? i don't know, does anybody have an opinion?

Namaste'

[Dominic]

My opinion is our debts will be larger due to the unfavorable exchange rate as we are issued the new money.

My wish is a world with no currency.

I am not sure they are ready to let us have freedom yet.

I know it is soon.

My hope is for all people to see the freedom and make the transition.

Love and peace

[Brinty]

I only know two things about money - I either have it, or I don't. If I spend more than I have,go into debt and will eventually have to pay it back. Oh! That's three things I know about money now. I tell you, I'm a fast learner. :original: But, joking aside, what is actually achived by changing the name from "Dollar" to "Amero"? What's that expression? "A rose by any other name would still smell as sweet", I can get my head around using gold as a form of currency as $1 worth of gold today could be worth twice as much in a year or so. Provided of course, inflation doesn't eat too much of it. :confused:

[SuperManny]

"A" has $5,000 in the bank, but "B" has got a credit card debt of that same amount. Which of the two is in a better situation if the world's financial system goes belly up?
Well I don't think it'd be 'B', because debt is hardly ever preferable.

And if 'A' has got his money in the right kind of bank (like goldmoney, (http://www.goldmoney.com/) where assets are converted into bullion) his chances may not be that bad. Certainly better than debt, I'd say!:original:

[ophiuchus]

if gold goes to 2000/oz and you cash out, what do you cash out to,dollars? should we be buying rural properties? i think they have a plan for everyone moving into metals. after they suck everyone in,bang,it will go down to 250/oz. then what? i think there will be a small,short window to increase your savings but then you'll need to retreat and know where to put the dollars before they financially finish everyone off.(maybe ak-47's are our best investments?).i'm sure they have a well thought out plan. it's like when cavemen run herds off a cliff. even though i purchased gold and silver it seems to easy to be safe with everything going on.

[Lance]

if gold goes to 2000/oz and you cash out, what do you cash out to,dollars? should we be buying rural properties? i think they have a plan for everyone moving into metals. after they suck everyone in,bang,it will go down to 250/oz. then what? i think there will be a small,short window to increase your savings but then you'll need to retreat and know where to put the dollars before they financially finish everyone off.(maybe ak-47's are our best investments?).i'm sure they have a well thought out plan. it's like when cavemen run herds off a cliff. even though i purchased gold and silver it seems to easy to be safe with everything going on.

Metals are not a 'savings'. They are a hedge against inflation. If the price per ounce dropped to $250.00 the whole world will have changed and it won't matter what the exchange is. To explain this, savings are items (CPP in Canada, 401K's, RRSP's etc.) that one EXPECTS will increase or better, hopes will increase over time. Storing wealth, long term, is not akin to 'savings' since metals are more volatile in some periods. I sincerely hope my children inherit my metals for another day. But I'm not, nor should anyone be, 'betting' on them shooting through the roof. What is gold selling for per ounce in Zimbabwai? Probably about 23 gazillion notes.

Look, if Canada drops the ball, America goes do-lalley and the rest of the civilized world goes to Iceland for cheap drinks, I can still put my metals into the hull of a ship and pop on down to Bali where it may or may not (probably would, I have some good Bainese friends) buy me a house and some breathing room. They sure as hell are not going to take failing FRN's. Nor Canuck paper. What is it that people keep getting caught up in this mess they can't see through?

Flouride in the water down there hey, here to, I live on two wells...I guess I've donned my Hoffman spectacles (THey Live). Look. metals are a store of wealth in that they are RECOGNIZED world round. A good friend of mine (RIP) negotiated the deal of the First Nations whom live on the North Shore across from Vancouver. Being a hereditary Chief he looked deep into the various ways he knew the 'powers that were' (PTw) would try and screw him and his Nation around.

This man, David, beat the Ptw and then was on the phone with the Indigenous Nations of Papua New Guinea. They are sitting on Trillions and Trillions of dollars of 'black'(off the paper) gold. The interim guvmint tried to steal it so the First Nations folks there spread it all over the Islands. They hid it in caves, they hide it under kids beds, they hide it at the tops of old trees.

Let me ask the neigh sayers of metals this, and only this...do the First Nations of Papua New Guinea have any USE for these metals? For the slight of mind the answer is a resounding NO. But the Japanese whom stole it from god's snot wherever, obviously DID care about it. The First Nations interim guvmint CARES about it. The people themselves would probably adorn their pigs/boars with it. After all, a pig is worth 1 human life there.

Anyhow, I could pop off in a dory, weather the high seas and trade my hoarded metal for a hut on the beach and some fishing line. World-wide. Tomorrow or next century. See beyond the obvious, and get yer heads out of your locality. The world will ramble, rumble on as it always has, Empire's come and Empires go. The body politic of the common person is shaking off the Lords of Londinium, the Banksters of the Fed, the EU monstrosity, and the Vatican. The ties that bind are becoming ephemeral and we can all simply walk away. If you've the guts, the skill, and the ability to transport any wealth you've garnered. Or learn to live without.

As for the two chaps with a) debt, b) a plus in a bank account.
It's a trick question. Both amounts are, in fact, debt. One obligatory (the cash in bank) the other is based upon a non-existent signature monetizing said signature.

[JSErwine]

Just for the record, this forum DOES NOT advocate or encourage the purchase/use of any weapons. OK? :sneaky2:

I find this ironic, someone located in a country that disallows gun ownership that also uses the euro. The very thing we are trying to prevent from happening here in the U.S.:lmao:

[Swanny]

I find this ironic, someone located in a country that disallows gun ownership that also uses the euro. The very thing we are trying to prevent from happening here in the U.S.:lmao:

Kate lives in a country that allows gun ownership and does not use the Euro, it's called England :tongue2:

[JSErwine]

Kate lives in a country that allows gun ownership and does not use the Euro, it's called England :tongue2:

http://www.ukgundealer.com/rules.htm

Thats not gun ownership as we know it in the US.


http://en.wikipedia.org/wiki/European_Exchange_Rate_Mechanism

U.K. adopted it then decided it was not to their liking.

[Swanny]

http://www.ukgundealer.com/rules.htm

Thats not gun ownership as we know it in the US.


http://en.wikipedia.org/wiki/European_Exchange_Rate_Mechanism

U.K. adopted it then decided it was not to their liking.
But we are still able to own guns and we dont use the euro so your still wrong :bleh:

[davefla73]

But we are still able to own guns and we dont use the euro so your still wrong :bleh:

Egland is one of the most watched and controled places in the world! cameras on every corner, and a shotgun isnt the same as a rifle they arent scared of shotguns

[Swanny]

Egland is one of the most watched and controled places in the world! cameras on every corner, and a shotgun isnt the same as a rifle they arent scared of shotguns

I'd be scared if someone pointed a shotgun at me :shocked:

[keria13]

hello everobody

Hi there i am trading fx market and commodoties market since more then 10 years. Right now we are watching a prolonged dollar rally which has few more points before it ends and then will have some range trading. ( probably )
So anyone knows that when the dollar rises commodities fall .


But getting back to gold and silver first of all the correction on gold from technical point of view will extend more like to below 740 usd oz and silver to below 9 usd oz, so everyone in the near future will have a chance to catch the price lower. I have seen that a lot of people here are saying that its hard to get gold and silver, this is true but not exactly .Remember that the mints and bulion shops increase the margin in such panic times to make more profit and the difference between spot and real prices increases especially in sliver where u have the VAT . The mints are normally working and the delays are from big demand caused by stock market crash. In just one month the mints will have probably oversupply of gold and silver.

Once more about stocks and forex market, such big moves where appearing before this is nothing new , the dow was loosing more one day then now like in 1987 , its all caused by to highly levereged accouts, and complex products, and strucuteres. Like the eurusd its been going up since 2001 so now it just corrects. The real problem is the luck of liquidity, and once this will be corrected things will be ok - at least for sometime. Remember all such cases in the markets where before but people didnt take lessens from history and played with highly levereged instruments . Imagine if you buy stocks and you have a levereged of 10 times if the stock moves your way up 10 % you make 100 percent, but if it moves against you u loose all unless u pay money in to cover your margin call

So most loosers come from greed and bad money managent systems or complite luck of them which makes their trading a monopoly game


Take care everybody

[NatureGirl]

Just a funny, to add a little light to a bad situation:

Retirement Planning


If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have had $16.50 left of the original $1000.00.

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1000 of Delta Air Lines stock you would have $49.00 left.

But, if you had purchased $1,000.00 worth of beer/wine one year ago, drank all the beer/wine, then turned in the cans/bottles for the recycling REFUND, you would have had $214.00.

Based on the above, the best current investment advice is to drink heavily and recycle.

[silverman]

YES, I believe the AMERO will come.....and probabely sooner than some expect. There is too much noise around this new currency since more than a year.

Now what the exchange-ratios will be is very difficult to say and I believe the following points and arguements needs to be taken into consideration (important, since I am Swiss I may have a bit of different view, than some US citizens - and more mistakes in the text :mfr_lol:):

- when the AMERO comes, there will be enough noise ahead of the announcment and I expect the US Dollar to weaken and drop massively

- it only makes sence to introduce a new currency, if you can get ride of some other problems and the biggest is in this case the outrageous debts of United States

- so what ever the real debts are, but with the introduction of the AMERO, US wants to get rid of the debts - this is one arguement that may justify the rumour that 800 billion AMERO's have been shipped to China, remember China has > USD 2000 billions cash and they don't really know what to do with it...they bought already Freddies and Fannies...you know the result

- and still (if they (FED/government) don't lie in this case as well) US has the biggest Gold reserve >9000 tons = roughly USD 400 billions. Actually why they manipulate down the price of the funny-paper-money-COMEX Gold but didn't sell (at least officially) an ounce of Gold compared to other western central banks.

- this means, that I can imagine that the AMERO might even be gold-backed or at least partially

- taking just the said above into consideration; one will definitely not get more than 0.5 AMERO for 1 USD

- when they want to net-up the debts with the gold reserve the USD may loose 90% of its value...so the exchange-ratio is probabely rather 0.1 AMERO for 1 USD = 10 USD for 1 AMERO

- But what about the 1 AMERO / Silver-Ratio? Right know one could go long 1 ounce of Silver at roughly USD 11 at COMEX. Which means that of 0.1 AMERO for one 1 USD is correct, that 1 AMERO is about 1 ounce of Silver....now there is one little mistake in there

- 11 USD for one ounce of Silver is probabely the biggest ******** the plunge protection team or I call it the BBP (Bush - Bernanke -Paulson) achieved to manipulate down. The real and correct price of Gold right now and inflation-adjusted is rather someting between USD 2000 - 3000. Lets take 2000.
Right now one gets roughly 80 ounce Silver for one ounce of Gold. This ratio is a ******* joke, if one has look at the primary deficit that exists in the Silver market since more than 15 years and the fact, THAT WE HAVE PEAK-SILVER. Planet Earth will run out of Silver within the next 15-20 years, before we run out of crude oil.

- So what is a correct Gold/Silver-Ratio? I believe already today it should trade between 15 and 30. Longterm (5 to 10years) Silver will trade at the same price or higher than Gold does. But ok, lets take 30.

- I took Gold @ USD 2000 / 30 (Gold-Silver/Ratio), which give roughly USD 60, which is the price where Silver should trade today: Now you will say, the Swiss guy has a sort of a chocolate flash (by the way chocolate makes happy) or he had to much Swiss Cheese Fondue: NO, I believe Silver should trade TODAY at worthless USD 60.

- BUT: Gold @ 2000 seems to be a high price right now; should the AMERO be Gold-backed or partially Gold-backed and the US is without debts after the AMERO introduction, you might well add minimum another 0, in such a case Gold could be between USD 50'000 and USD 100'000. This may also be one of the reason, why US FED / government block US mint to continue to deliver Gold and Silver in the US.

Now USD 50'000 USD 100'000, what will this be worth when the AMERO comes...YES ZERO! But one physical ounce of Gold will have the purchasing power of USD 50'000 to USD 100'000 in AMERO terms

I believe the purchasing power of 1 ounce of Gold will definitely go up by 5 times, depending on how they play the game this purchasing power factor could be even between 10 and 50. Remember Hyperinflation in 1923 in Germany. In 1923 with 500 gramms of Gold you could buy 1 building block! So all this we had it already!

But the purchasing-power-turbo is Silver: As I said Silver is so much too cheap, only a few people know about it! So go and get some physical Silver somewhere.....do a trip to Europe. When you need assistance in this, please let me know! The most important really is, try to get some Silver or Gold before the AMERO will be introduced. When the AMERO comes you start to sell it!

Cheers,
silverman
:thumb_yello:

[gwangsun]

Would buying junk silver which is 90% pure silver and 10% copper, be a good investment if the currency does change to the Amero? The coins are not silver eagles, but US nickles, dimes, and quarters that where minted in 1964 and earlier. Would these be good to buy in bulk?

I also found a place that sells industrial silver in the form of bb sized grain. Its .999 pure silver grain. Would purchasing silver in this or any other form be wise?

[silverman]

Would buying junk silver which is 90% pure silver and 10% copper, be a good investment if the currency does change to the Amero? The coins are not silver eagles, but US nickles, dimes, and quarters that where minted in 1964 and earlier. Would these be good to buy in bulk?

I also found a place that sells industrial silver in the form of bb sized grain. Its .999 pure silver grain. Would purchasing silver in this or any other form be wise?

YES, you can buy both! I would prefer grains! Because even though any government forbids the possession of physical Silver one day (which might be the case at least in the US - since this will be declared to be a terroristic act) you always can sell silver grain to the industry using silver or to a mint that continues to exist and mint silver.....

What are the quantities of silver grain you could purchase. I might be interested! Thanks for your feedback.

Greetings, silverman

[Humble Janitor]

Good for you. I lost my white gold wedding ring. I almost dived into the outside garbage can looking for it.

One good coin dealer I can recommend is Don Stott. He's one heck of a character. This guy got good-old-fashion values.

http://www.coloradogold.com/

I've been reading his columns for years. This guy is a hard core conservative. Though I cannot guarantee your satisfaction, I trust his personal integrity. EXCERPT:

As we watch the elections come up in a very few days, I wonder just how many millions of the stupid, thoughtless, homeless, slum dwelling, welfare receiving, will be voting for Obama the Muslim? Trash, voting for Obama, who isn't even legally qualified to be President, according to the Constitution. Semi-literate, mentally deficient, voting for a mulatto disaster, who has the most liberal voting record in his brief tenure as a Senator. It is frightening to contemplate. Wouldn't it be nice for voting to be limited to the literate, educated, home owning, job holding citizens, who thought that voting was a privilege, not a duty? Who thought and read and investigated the candidates, rather than just voting for a party 100%? Wouldn't it be nice if Ron Paul were to be our next President?

I wouldn't buy from him.

Regardless, is it true that banks sell gold and silver? Thinking about checking out my bank.

[Humble Janitor]

Also, which US coins contain junk silver? My mind must have been on alert because I started saving a jar full of coins recently. I'm willing to bet that there's some older coins in there that could be used.

[carcharodon]

Gold or silver, that is the question. Besides some brokers whose professional marketing newest bestest idea is to spread panic through internet and hence boost their business, one must wonder how much would coins help in an economic collapse nowadays... There are too many people out there who won't be amused by the loss of a lifestyle when things go wrong. The only barter that will work will be the bigger fish eats the smaller one. A school of fish may offer some protection (ground crew).

[Swanny]

YES, you can buy both! I would prefer grains! Because even though any government forbids the possession of physical Silver one day (which might be the case at least in the US - since this will be declared to be a terroristic act) you always can sell silver grain to the industry using silver or to a mint that continues to exist and mint silver.....

What are the quantities of silver grain you could purchase. I might be interested! Thanks for your feedback.

Greetings, silverman

Why would owning silver be a terroristic act???
Running down the road with Grannies old silver spoon in your hand isn't going to scare anyone
:naughty:

[silverman]

Why would owning silver be a terroristic act???
Running down the road with Grannies old silver spoon in your hand isn't going to scare anyone
:naughty:

Owning silver a terroristic act was a joke....this is just because whenever one has to do with US, travel to US, travel to UK etc. he is treated like a terrorist: like finger prints, one can not buy a flight ticket for somebody else like this.....

Even US presidential candidates try to find links to terrorists....

Again I just made a joke out of it. BUT remember to own Gold has been fordidden in the US and Germany last century. During WWII owning gold has been forbidden under penalty of death....

And when i read about blue, red and yellow lists some US citizens names are on and if your name is on the list with "wrong" colour you will be killed immediately......make your own mind, whats next!

Greetings, silverman

[Myplanet2]

Here's something interesting from Jim Sinclair's website yesterday (wed 10-15) jsmineset.

He seems to think silver will not perform as well as gold.




Upcoming events:

As a result of "This is it and It is NOW":

US exchanges will be closed. There is a chance all world exchanges will close down. Only gold and currencies which are planetary markets will continue to trade.
Retirement programs will not pay off.
Medicare and Medicaid will at best buy you a bandage or pay for 1/4 of a visit to a free clinic.
Social security, due to the massive upcoming inflation, will provide no security for any society.
Money Market Funds will not pay off.
A CD is a gift, but not to you.
Unified central bank action has a short life.
Central banks will soon revert to the strategy of everyone for themselves.
401Ks not self directed are headed for the toilet forever.
Exchange Traded Funds will not return the assets upon which it is based to you.
Sliver will demonstrate the fact that it is more industrial a metal than precious.
Silver is not a currency because it is simply too HEAVY to settle debts or to be universally fungible.
Silver performs best when there is reasonable industrial demand and distrust of currency. When this happens rounding up the gang and their money will have a lot to do with which party is elected.
Credit card companies are going to have to be bailed out.
GE Capital is a nuclear capable entity that has the capacity to take down the good old toaster and refrigerator manufacturer - SIGMA ZERO.
GE Capital is a huge OTC derivative dealer but somehow I do not recall that fact being discussed.
Gold is the only Honest Money because it has no liability attached to it.
Gold coins are the best way to own gold for the average investor.
When you select a junior gold, I would look for the highest quality, most bashed, highest short positioned, with real assets and real people devoid of pussy management. The situation is best if it is based in another country than the country you live in while doing business in a third and trading in multiple areas. The benefit is obvious.
Nobody ever did or will ever trade items as insurance. That is a form of madness.
At $1650 I will take my leave, having been with you to the point I promised.
The only place you will find me then is at my place of business on the ground or the web.

[Connecting with Sauce]

that is because $20 is the true value, the other is electronic...

[gwangsun]

Hey everyone,

Im finding that gold and silver is being sold in troy ounces and ounces. Whats the difference and is one better than the other? Also I noticed that there are dow to gold ratios and other ratios i dont understand. I tried researching but alot of the stuff i read goes way over my head. Can anyone who knows about this give us a little speal in terms we understand?:confused:

[CosmicFever]

Ten Commandments For Buying Gold & Silver :

I. Always take delivery

II. Never buy premium if you can avoid it.

III. Buy bullion for business, numismatics for fun.

IV. Buy silver first, then gold.

V. Buy small gold first, then large.

VI. Never buy exotic coins or modern rarities or anything you don't understand.

VII. Know your dealer.

VIII. What governments can't find, they can't steal.

IX. Never swap bullion coins for U.S. $20 gold pieces.

X. Never break the law.

[Druid]

I went to a coin shop in Oakland, CA. this morning to learn that someone had bought their entire stock of American Silver Eagles, a total of 86 coins at a total estimated value of $1,500 U.S. dollars. In addition, their entire stock of American Gold Eagle coins were also purchased. Obviously, I was disappointed and that everyone should be aware of this.

U.S. Treasury Freezes Gold Mints, Gold Coin Sales


As of 9/10/08, the U.S. government has shut down its gold mints. No more official gold coins are being minted in the United States of America. The sales of all U.S. Treasury gold coins has been frozen until further notice. All American Eagle gold coins are sold out across the nation. There are simply no more coins left.

U.S. Treasury Freezes Production, Sales of all American Gold Coins
http://www.naturalnews.com/News_000349_gold_coins_US_Treasury_money_supply.ht ml

Why would the U.S. government freeze the production and sale of gold coins right in the middle of peak demand for those coins?

One reason is called "Executive Order 6102," signed into law in 1933 by FDR. You can read about it here: http://en.wikipedia.org/wiki/Gold_confiscation

[LotusEarth]

Visit www.goldprice.org. if you don't know anything about gold, like I did, i think this is a great site. (well, this one too!!)

[gwangsun]

I just finished listening to the Patriot News Hour podcast that was linked above. Now if owning physical gold does become illegal, that what about the other precious metals, (Silver, Platinum, and palladium) What would be wise to invest in that would most likely make it through the rough times ahead? IM thinking silver and or palladium, then again I’m new to the whole precious metals scene.

What do you all think?

[Lance]

Ten Commandments For Buying Gold & Silver :

I. Always take delivery

II. Never buy premium if you can avoid it.

III. Buy bullion for business, numismatics for fun.

IV. Buy silver first, then gold.

V. Buy small gold first, then large.

VI. Never buy exotic coins or modern rarities or anything you don't understand.

VII. Know your dealer.

VIII. What governments can't find, they can't steal.

IX. Never swap bullion coins for U.S. $20 gold pieces.

X. Never break the law.

Always break the law, if it is an ass....but nice thoughts none the less.

Since the Ptw decided to sink my final statement here I figured I'd try and sneak it in....This is all puerile. There are many, many positions to stake ones self in to profit on the collapse. The miners are taking a beating and to be honest, I would not want their jobs. CDE and AEM are ripe for the plucking . PAL is even better if you don't mind playing with penny stocks. Heck (I almost wrote **********) CDE became a penny stock yesterday.

Look, the question is not how to (h)edge bets and protect hoardes, the question for me anyhow is how to make this whole piece of ********** work for me and mine and that includes a crew of about 20. There is a gazillion dollars worth of real wealth/value in mining stocks and I don't even own any of them, yet. The powers that run this site have already blocked my statements thrice so whom knows.

There is a a 'google' function that allows you to scroll through a companies history. Do this for minor miners and look for yourself. Have you ever been down a friggin mine? They suck. So look for operating mines in minor stocks and see what you can do. If they are union, if they have new sites, if they have productive mines already....buy them up. They are taking a beating and so be it.

Look, the End Game is not the scenario dished out by new agey folks, this is a collapse of empire wanna-be's, done on a etch a sketch by dull witted folks whom happen to have the power granted to them by years of wrangling their way through the idiocracy of parliments and white houses. What is coming is unprecedented. We can all gain off of our forefathers folly.

Sit back, breathe deeply and take stock of the situation.
Iceland is broke, New York is broke, California is broke, Hungary is broke....America is broke, the EU is broke...it's all bust.
Breathe deeply again and know in your heart that it is okay. Then sit bolt upright and take stock of you resources and skills.
If you have none, gain some.
If you have many, smile.

Good luck and good night.
Keep your friends close and your enemies closer. And all that.
Buy platinum when it hits 600, gold wherever and whenever you can and put the rest of your money to land and food. It's not pretty but it is what we incarnated for. In'shallah we make it through happily.

[CosmicFever]

The "Ten Commandents For Buying Gold And Silver" came from
Franklin Sander's website www.the-moneychanger.com. Franklin was in Aaron Russo's film, Freedom To Facism, and is a true American Patriot.

peace,
julie:original:

[TAXMASTER]

there are 2 problems facing gold right now. first is the rise of the dollar. why is the dollar rising even though it isn'y worth the ink that it is printed with? most people today have their investments and retirement accoubts in fund families with brokers. during the past year they have been losing money and are looking at their options. evey fund is losing double digits now and the only fund that they have to move their money into as a safe haven is the treasury bill or money market fund. it pays about 1 1/2 to 2 percent but its better than losing 20 percent. alot of people cannot take their money out of these funds because they are in their 401k and they are still employed or they will get a penalty. people who have taken their money out are being told to invest in short term treasury bills by most investment brokers because it is backed directly by the us government. this is the main reason the dollar is going up.

now gold normally sells in a cycle. it tends to bottom out in august, take a jump in september, dive in october and rise again in november. this cycle has repeated almost every year in the last 40 years. so earlier this year when the market tanked and people were looking at where to move their funds, they saw precious metals and commodities were the only thing that had good returns so they jumped in and helped ride the market up. when the normal cycle started to wain in late july and metals and commodities started to fall then more people started to bail out and into the dollar.

so what i am saying is that this is not too different from any other year. the only difference is that the economy has tanked and commodities are in the pisser. alot of funds tend to buy a certain amount of each commodity ie gold, silver oil, wheat etc, and since people are not buying commodities right now, that tends to extort the prices of both gold and silver. silver and gold are considered to be partly commodities and partly a hedge on inflation with silver leaning more towards a commodity especially when commodities are falling. i hope this helps to clear up why they are so low.

even i got caught with my pants down, as i was long in gold and was not expecting it to drop $100 in less than 12 hours. i had to come up with margin calls twice and i am praying for a rebound soon.

Namaste'

[bilderburger w/cheese]

hold on...we are getting caught up in a frenzy here.

DO NOT buy gold UNTIL it hits bottom. ive been reading the gold forums and the projection charts all morning and its not going to go any higher until it hits the bottom. theres a bunch of people projecting somewhere in the low 770 range, but others are expecting it to drop even lower... to the 5xx to 6xx range.

this next week should be quite volatile. the two key dates next week are tuesday and friday which will shed some light on where we will see the bottom number. additionally, there is a fed meeting on oct 28th/29th... again on nov 16.

https://www.kitcomm.com/showthread.php?t=11118&page=1973

(hope this pic works...)

http://i35.tinypic.com/2961vn5.png


source of that chart: https://www.kitcomm.com/showthread.php?t=11118&page=1972, by "yahoo"

my opinion: i dont see it dropping below 700, and the bottom, to me, appears to be at about 740. gold WILL skyrocket soon, but i wish for everyone here to get the best bang for their buck.
if youre anxious to buy, buy at 770 just for the minimum you need for peace of mind. wait to buy more (like me) because, like taxmaster wrote, its in a cycle. stay patient.


----------

id avoid platinum and palladium investments. those metals are not harmonious with the human body, and i think thats why silver and gold have and will always be valuable to humans.

[tandiwe]

Thanks guys for all this info. it was going a bit crazy here and there was an article in a tabloid about queues at ATS buillion. I was resisting the panic buy as the feeling i was gettiing was to wait till it is 750 and buy then. So this is kinda backing that up, so thankyou.

[Rocky_Shorz]

hold on...we are getting caught up in a frenzy here.

DO NOT buy gold UNTIL it hits bottom. ive been reading the gold forums and the projection charts all morning and its not going to go any higher until it hits the bottom. theres a bunch of people projecting somewhere in the low 770 range, but others are expecting it to drop even lower... to the 5xx to 6xx range.

I'm curious, have you checked with any local coin dealers in your area lately?

Paper silver and Gold are being dumped for hard metal...

take a look around and let us know what you find...


ps. If you can find any precious metals at close to market, Silverman is ready to buy it...

.

[Swanny]

I'm curious, have you checked with any local coin dealers in your area lately?

Paper silver and Gold are being dumped for hard metal...

take a look around and let us know what you find...


ps. If you can find any precious metals at close to market, Silverman is ready to buy it...

.

What does hard metal mean??

[CosmicFever]

I may be repeating something someone else has said but no harm no foul. In the paper Au market there is not enough physical gold to cover the paper Au. The money that was traded to buy the paper Au was taken and gambled with in the market. Of course you won't know this until you want to cash in your paper for the physical. They don't have it and when that poop hits the fan it's going to get real ugly just add to the chaos. Delivery on physical is at least 3-4 weeks out. So, you can wait to buy but the question is will it be available. I'd buy all I could get my hands on right now but I hesitate because I don't know when I'll receive it.

peace,
julie:original:

[joe2288]

i cant get any gold help :mad3: haha

[CosmicFever]

I'd also add that now is not the time to be greedy. If you can get immediate delivery please let me know because I would like to buy some. Price is not so much of a factor for me as just getting in my hands. A friend told me they were waiting until it reached $600 and I told them they'd have to wait until their next lifetime for that price. It could be $1.00 and oz. but if you can't get it the price really doesn't matter.

peace,
julie:original:

[nibiru]

in "new threads", please click on " mexico" and watch the video link ... maybe is of your interest...
talks about the new currency coming by february 2009...and the financial collapse of us economy...
yes, invest in gold...

[bilderburger w/cheese]

i bought several 1 oz credit suisse gold bars and some krugs at tulving.com. another good place with reasonable prices is apmex. kitco is my third choice. keep in mind that i only dealt with tulving, so the other two sites are only what ive read were good businesses in which to deal.

in the past few weeks, apmex was low on gold and tulving was almost sold out. since then, theyve restocked. apparently, some banks, short on capital, dumped some gold onto the market to cover themselves (source: article in 'the market oracle' off of rense). that might have contributed to the price drop.

i am a fan of bullion, like cosmic fever. gold is gold is gold-- get it in the cheapest form possible in the most recognizable and tradeable form. gold shot is cheap, but decide for yourself if it would be trade-worthy in your projections of when 'it' hits the fan. would you accept gold shot in trade or would you prefer a minted gold coin?

paper Ag and Au are a joke. holding a bunch of papers saying they own virtual gold doesnt help you. its a bit too late, in my opinion, to mess around with market gambling on this. we have other concerns and should just obtain the gold and start working on obtaining food, seeds, and supplies so we can sit back and relax with no panic, knowing we are prepared.

i havent purchased or looked at local coin dealers since i wouldnt want to have to pay sales tax. theres no sales tax over the internet, and, at least at tulving, the shipping is free if you buy the minimum amount. not that the shipping would be expensive anyway... last time i checked, they had some krugs, some kilo gold bars, and some small denomination gold eagles.

youll never find gold at spot at any online bullion site. theyve got to make some money. in the most rare instance, you might get close to spot if you stay glued to ebay and find a deal.

-- --------

keep in mind at all times... the gold you buy is for safeguarding assets in the long term. silver will probably be the item of trade... for food, for the most part. one might also consider cartons of cigarettes, vacuum sealed for trade. they might be as valuable or possible more valuable than gold if things get really bad. cigarette addicts will have wished they quit when they could.

[Moonbaby]

Bilderburger,

I second the recommendation for Tulving, they are reliable and premium over spot is in-line with the market. Please be aware that if you want to buy from Tulving, know what you want before you call (look at his website.) Hans Tulving is the 'soup-nazi' of precious metals. He is not interested in discussing the market, trends in precious metal prices, your children, etc...

I have dealt with APMEX for several tranacations and they are reliable. Also, I purchased from Gainsville coin, they too are reliable.

Be aware that the dealers all know how hard it is to get physical gold/silver. Their cost to buy has increased from the wholesaler and they too are charging a higher premium over spot. It is all a matter of supply and demand, when the supply is low the price should go up. But, it was pointed out that the markets are manipulating the price with 'paper-gold' to keep it artifically low. If you are in the market to sell gold bullion, you should receive something halfway between spot and the dealrs current selling price.

I had one experience that was not so good with California Numesmatics Inc. My order was 'lost' for about a week then I was told it would ship on a Wed. but it did not ship until the following Tues. Incorrect information is unacceptable when dealing with peoples money. I will avoid CNI for future transactions.

Peace
Moonbaby

[polarsib]

I been listening to George Green interviews.
He's been saying that it's hard to buy gold now and have to wait for a long time for delivery.


So I did my own reserch. I am a jeweler in Portland, OR. I buy gold to make jewelry. When I went to buy the gold, I asked about the gold coins. You don't have to wait to buy it. They have it availiable right now.

I have been making crop circle design gold pendents for customers too.
They want to have gold for future investment but also want to wear it.

Anybody have questions about buying gold, let me know.

[Myplanet2]

Here's a little something from George Ure (urbansurvival.com) that I copied from the mirror site ( http://www.independencejournal.com/today.htm )

You might want to be careful where you get your gold for the next few weeks. older stuff is probably preferable:

"Want in on a little something the time monks are willing to share publicly? OK, try this one on --- but remember, this is a probability only and may or may not happen as expected...so think in terms of it being a possibility only for now...

Ask yourself what would happen if a large financial entity - and it could be a private mint, an ETF, or something like that - was discovered in the next, oh, two or three weeks - to be holding a lot of counterfeit gold that was apparently made in China? Suppose further that the discovery happened during some kind of official audit process and that as word spread, it was discovered that not only were gold bars involved, but perhaps gold coins of recent vintage and maybe some involvement of silver as well. How would that work out?

Curiously, as I've been penciling it out over the weekend, it might initially send people scurrying to US Treasuries and it would drop the price of gold perhaps as low as $650-$700 before launching to $1,900 after the shortfall of real gold comes into focus...which is what Robin Landry's charts infer. It would also keep a lid on interest rates since Treasuries would be seen as an ideal safe haven. With all those treasury auctions to fund the bailout/printout festival, the flight of hedge managers from recently acquired metals would certainly keep rates low and these, in turn, could be seen as the reason for some confidence in financial markets returning until July 18th, or thereabout.

Of course, this is all only a possibility (although I find myself now wondering about Hillary's recent trip to China...was she there to warn them what our plans were and not to freak out?). Did I mention that a fraud discover in gold would do marvels for the US dollar's value in world markets? It would be a one-size solves all problems kind of solution - sort of like a mini War on Terror...a war on gold. Oh, and the leading edge of it seems to be showing in a Chinese counterfeiting story in Coin World, too...

We, we should know soon enough as this event is maybe three weeks (or longer) out - around the equinox - which is very close to the Martin Armstrong turn date...

So would a wild-eyed East Texas nutjob consider buying some gold commodity put options, which he'd roll into calls on a short-term spike/panic low and then ride gold toward $1,900? Who me?
---
Ah, but this is all highly - and I can't emphasize this too much - highly speculative stuff. Until it happens, of course."

[Surial]

In the past few days, I have been getting offers in the mail to buy collective gold coins of the presidents of the U.S.A. Has anyone else been getting this? It clearly says limited edition and these coins will not be available in the future. I keep throwing them in the recycle bin. Why is this becoming a new trend in my mail?

[NorthernSanctuary]

Sounds like the Canadian gold coins are still good.

Mass Chinese Counterfeiting of American Gold and Silver Coins
Quote


http://www.tbrnews.org/Archives/a2921.htm#001

*snip*

With the collapsing American economy, many Americans are rushing to invest in gold; either coins or bar, and also silver. One of the most popular forms of this investment are American coins. Where there is a need, there is always someone to fill it and in this case, the filling consists of the massive counterfeiting of gold coins, silver coins, and even Swiss gold bars in China. Initially, it appeared they were only faking Morgan dollars, but then it turned out they were also making $20 Liberty, and Indian Head gold $2.50, $5, and $10 coins, of all dates. Evidently, this is extremely easy with today's computer-and-laser-die-cutting technology, and the fakes are being die-struck in vast quantities, not cast, and visually at least, are superb copies.



The good news is that these fakes are readily detectable with a 0.01 - gram scale, as the Chinese in their greed are using lower carats of gold and lower grades of silver than the genuine coins, to maximize profit, and thus, in most cases, the fake coins and bars are lighter than the real ones. In a few cases, the silver coins of high numismatic interest are actually OVER weight - it appears that the supply of accurate planchet stock is a major difficulty for the forgers.


Here are links to a two-part article about this in Coin World Magazine:


http://www.coinworldonline.com/counterfeits/default.asp?retURL=articles%2F20081203%2Fcounterfe it%5F1%2Easp



http://www.coinworldonline.com/counterfeits/default.asp?retURL=articles%2F20081203%2Fcounterfe it%5F2%2Easp


Note: They are even faking PCGS and ANACS slabs!!:



[http://www.coinworldonline.com/counterfeits/default.asp?retURL=articles%2F20081203%2Fcounterfe it%5F3%2Easp



A friend who has an extremely wealthy friend in Europe (on the order of several hundreds of millions) asked this person to make enquiries at his bank. The bank told him candidly that indeed, the Chinese are also faking sovereigns, half sovereigns, French 20 Franc gold, and various denominations of Nicholas II Russian Rubles, of all dates, as well as Swiss gold bars. They said any gold bars they are offered for purchase are both weighed and the serial numbers checked with the manufacturers. The Chinese do not know the serial and manufacture date numbering systems on the gold bars, and so that error is quickly detectable.



The US Secret Service has just this week been made aware of this problem, which was new to them, and if they decide to launch an investigation, they have indicated that while they cannot do anything about the operations in China, they can, and will, seize any counterfeit US coins they come across. Dealers in these fakes would also be liable to fines and jail time. Foreign fakes are not under their purview, but if that business turns out to be substantial, there could conceivably be an FBI investigation of fraud in interstate commerce, targeting companies who are mail-ordering fake foreign coins. Individuals who have been cheated might also sue their suppliers - in short, this could turn into a huge mess.



General appearance aside, it is very easy it is to spot fakes - just with a scale reading to 1/00th of a gram, and a table of the correct weights and sizes of the coins or bars they are buying. (In the case of large-size bargold, unless buying from the manufacturer or a reputable bank, the serial numbers need to be verified, so that one does not buy a Chinese bar with a lead or mercury core)



Herewith a listing of what I have uncovered so far:



1; The U.S .Morgan silver dollar. All dates and all mint marks;

2: The U.S. gold coins viz the $2.50, $5.00 and $10.00 Indian head issues

3. The U.S. copper penny viz 1909 S vdb

4. Three gold Imperial Russian roubles from the reign of Nicholas II

5. A gold 20 franc coin with the head of Napoleon I on the obverse

6. The South African Krugerrand

7. British sovereigns and half sovereigns of different monarchs and dates



And in addition, they are also making fake gold bars from the Credit Suisse people.



It was always considered that numismatics as a relatively fraud-free area of collecting, but it appears that a coin collector today has to carry a digital scale around. This doesn't affect me very much, but I too have wondered at the sudden appearance of all the Morgan dollars. Fortunately, the ones I have came down to me from my grandfather, and I'll be very careful picking up individual pieces that fill blanks.

As for Krugerands and similar gold pieces that are traded for bullion prices, it is obvious that the Chinese have lowered the purity and thus debase the value; otherwise, a fake Krug would have as much gold as a real one.

[chitty]

I wonder why Canada isn't having the same run on Metals as the US?
Scotia Bank in Canada I believe is the major gold player in canada. I was told by a teller at a main branch, whom by the way had been moved from her regular duties to handle precious metals only, that there has been a run on physical gold sine August 08. This was in October 08.:wink2:

[addalight]

I was told about a 8 months ago to buy Canadian silver. I didn't know the reason why. Maybe this is one of the reasons. Thanks to all for your great info.