Buy Silver & Gold Right NOW!

[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.


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!

[pineal-pilot-in merkabah]

Originally Posted by 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!

wait till the money bubble illusion bursts.. gold will be £1000 ounce

[Rocky_Shorz]

Originally Posted by Contactee77

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...

[eurosceptic]

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

Anyone?

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

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

[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'

[feeler]

Originally Posted by suriel

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

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?

[Humble Janitor]

Originally Posted by feeler

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).

Originally Posted by suriel

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...

[Connecting with Sauce]

Originally Posted by eurosceptic

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

Anyone?

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

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?

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

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

[Ampgod]

Originally Posted by PaladiN

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

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

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.

[astraya]

Originally Posted by Rocky_Shorz

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

We are!