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09-18-2008, 04:37 PM | #26 | |
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Re: Gold & Silver Q & A
Market Availability Questions
Quote:
My experience so far, and this may/will change, is that the dealers you meet at local coin shows can provide the metals now, in large quantity. I have easy access to immediate delivery of 1000s of ounces of silver and 100s of ounces of gold, but no fiat funds for any more! I strongly recommend folks form these relationships and networks with their local dealers, and once the resource is established, this part becomes easy, allowing focus in other areas of life. Internet Transactions - While I have been involved in many of these in the past, without problems, I have read many recent stories of slow delivery, and I would no longer recommend them on that basis alone. Namaste! __________________________________________________ _______________________________ Please be advised that I am not any form of a professional or paid investment adviser and each individual reading or posting questions or answers is responsible for their own investment decisions. Last edited by Zynox; 09-18-2008 at 05:10 PM. |
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09-18-2008, 05:06 PM | #27 |
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Re: Gold & Silver Q & A
What Form of Precious Metals to Buy Questions
Gold and Silver and Platinum and Palladium and Coins and Bars, oh my! Yes, initially the decisions may seem overwhelming. The choices are directly influenced by the intent. For simple wealth preservation, I have settled on the following, for which I will add my recommendations afterwards. Type of Metal I have settled on a mix of silver and gold, with minor holdings also of platinum and palladium. Type of Coins or Bars I have settled on around a 60% gold, 40% silver ratio. I have settled on only US Eagles and Canadian Mapleleafs, in both gold and silver coins, with a few recognized and fully 'branded' 10 ounce silver bars. Size of Coins I have settled on a wide mix of sizes in gold coins, including 1/25, 1/10, 1/4, 1/2 and 1 ounce sizes, and 1 ounce sizes in silver. Reasons for Selections I used to have some 100 ounce silver bars. What I found with these is that when selling them, many (most?) dealers will reduce the buy price per ounce to a value below spot price. They have told me that even name brand silver bars are sometimes (counterfeited?) not 99.99% pure silver, and I have also found that upon weighing them, they are not always 100 ounces as labeled on the bars! So, I have elected to rid myself of such unknowns and simply with just coins and a few more 'popular' labeled and recognized 10 ounce silver bars. I now feel no bars are really prudent from the above, but they are still slightly more compact and convenient to store as compared to coins. I have selected to mix the size (weight) of the gold widely, to provide future flexibility should we find ourselves in barter mode in the future, no different from carrying singles, fives, tens and twenties around currently. I have selected to mix the type of metals I hold simply for diversity. Some folks trade back and forth between gold and silver when one spikes or declines versus the other, but I have found this also leads to much loss of premium (the cost over spot that is paid to the vendor to buy, or at times, the cost below spot which some dealers take as a fee when you sell) in transactions. It is like day trading, some want/enjoy, some don't. I also have a minor amount of old US coins in 40% and 90% silver, left over from coin collecting days. I find them interesting, and some folks feel large quantities of these are a good deal. If we ever get to a point where we wanted to melt coins for industrial uses (which would technically be illegal per US defacing regulations), then these would require special processing to separate silver from other metals in the mix. Some people hold older US and other countries coins, like from the 1800s through the 1930s, for a variety of purposes. These coins are generally much more expensive, and I no longer have any. There is some discussion that these might prove to be immune from any future confiscation, because they may have been exempted in the US 1933 wealth transfer game. I have watched long enough to feel nothing is certain, or 'insured', so I don't subscribe to the extra protection theory. Please ask any specific questions on this post if something remains unclear. Namaste! __________________________________________________ _______________________________ Please be advised that I am not any form of a professional or paid investment adviser and each individual reading or posting questions or answers is responsible for their own investment decisions. Last edited by Zynox; 09-19-2008 at 06:02 AM. |
09-18-2008, 05:13 PM | #28 | |
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Re: Gold & Silver Q & A
Quote:
If you deal with someone like Tulving, if his website says he has it in stock, you place a call and lock in a price. You should send a wire transfer within two business days. Once he has your wired funds, he ships out same day via USPS Registered or UPS and depending on your location, you have your bullion within 5 days. Tulving will NOT sell what he doesn't have in stock. Some other retailers are having stock issues and try to show what's actually in stock on their website. Stay away from Northwest Territorial Mint - they take 3-4 months to ship AFTER they get your money. |
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09-18-2008, 05:15 PM | #29 |
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Re: Gold & Silver Q & A
I trade Gold, Silver, Crude, a few Forex pairs and have started an Elliottwave Thread here on the forum. If anyone is interested in talking gold shop as a trader and Project Avalon participant.
http://www.projectavalon.net/forum/s...ead.php?t=2555 Jonathan Please be advised that I am not any form of a professional or paid investment adviser and each individual reading or posting questions or answers is responsible for their own investment decisions. Last edited by jonathan Burke; 09-18-2008 at 05:17 PM. |
09-18-2008, 06:58 PM | #30 |
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Re: Gold & Silver Q & A
Some perspective on recent gold movements, detailing 'historic' proportions, as the economic house of cards falls:
http://www.kitco.com/ind/nadler/sep172008B.html "Forty-eight hours ago we wrote that "gold, it must prove that it is made of the hard stuff and it is under direct gold bug pressure to quickly recapture $800 and then at least $845. Got Spirituality and Gold for Flexibility? Namaste! |
09-18-2008, 07:17 PM | #31 |
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Re: Gold & Silver Q & A
Here's where gold is headed in reference to the Elliott Wave technology I use...
$940 I would say by Mid day Monday. Most likely a gap opening on Sunday night too. We are in the early stages of a 3rd leg Zig Zag Wave C pattern, which is the fastest, most prevalent, most profitable trades one can have of all the waveforms. The histogram at right shows likely price, the dark cloud shows time. The rating is akin to odds at left so 162.2:1 that this will happen this way. Hope this helps, Jonathan Please be advised that I am not any form of a professional or paid investment adviser and each individual reading or posting questions or answers is responsible for their own investment decisions. Last edited by jonathan Burke; 09-18-2008 at 07:24 PM. |
09-18-2008, 07:20 PM | #32 |
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Re: Gold & Silver Q & A
Zynox,
Thanks for taking the time to answer all of these questions. I'm in Canada and I ordered some gold yesterday and had a hard time getting the small denominations. I'm also trying to buy some silver today. I'm wondering if the small denomination gold that is not stamped (ie: is not Maple Leaf coins etc.) is tradeable? It doesn't have the premium that the stamped bars/coins have but thought I would order some and trade later if necessary. And regarding the silver, the maple leaf silver 1 oz. apparently has all been issued for 2008 but I have a chance to buy a large quantity of maple leaf coins but it's at close to 40% premium on the spot price. Watching the prices on maple leaf coins on e-bay, this deliverable price is still about 25% below that. I figure I can probably sell some of these maple leaf coins if necessary. From your previous interviews (if I'm correct about who you really are) and your posts, I'm taking into account that gold in your hands is worth quite a bit more than the spot price which seems to be mostly influenced by "paper" gold...maybe worth two in the bush :-). Also, what do you think about the theory put forth by Fulford that Japanese Gold may flood the market to back the United States Economy? Again, thanks for your time. Astraya Last edited by astraya; 09-18-2008 at 07:24 PM. |
09-18-2008, 07:47 PM | #33 | |
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Re: Gold & Silver Q & A
Quote:
Please, I am a Leo and can't afford a stroked ego, then I'd have to go back through all those lessons of grandiosity! I really am, just me, whom else might I be! Practicing poet, that uses precious metals as a tool to achieve my aims, which from two weeks on Avalon have led me here: http://www.projectavalon.net/forum/s...ead.php?t=1944 ... and here ... http://www.projectavalon.net/forum/group.php?groupid=16 I really am just an electrical wiz, wanting to connect on the ground with folks choosing a new paradigm, and acting to fulfill that vision. I have never publicly written on precious metals before, but it feels right NOW, especially with so many wanting a slice of the truth from my experience. I am gaining more here on Avalon than I give, but I keep trying to give back in reciprocation. I have gone down the rabbit hole of the sequestered gold in the Philippines,black gold, Vatican gold, where is that confounded bridge and the troll's gold?, and come up for a breathe of air, and sigh, 'tis like the 911 complex wave, I DUNNO!!!! ~ Namaste ~ Last edited by Zynox; 09-18-2008 at 07:55 PM. |
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09-18-2008, 07:48 PM | #34 |
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Re: Gold & Silver Q & A
Hey Taxman,
I took your advice after seeing the market stabilizing, and went back to the coin shop and sold them all back at $12.75/oz. Not bad for 2 days, I can see why you enjoy doing this for a living... |
09-18-2008, 07:50 PM | #35 |
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Re: Gold & Silver Q & A
it is truly amazing how momentum can change directions on a dime. the price of silver flirted with $13 an ounce for severall hours and gold was well over $900 and then at the end of the day plumeted. right now silver is under $12 and gold is under $850. trading volume is down at the end of the day and market manipulation is easier to accomplish. i look for both to go up over the night as asian and european markets open.
there have been rumors of a price disconect in these markets for some time. the large banks who store gold are not audited for their supplies and if they state that they got 10 million ounces in their vault, then their word is taken as gospel. they then can allow someone else to lease this gold and sell it on the futures market. everyone that understands supply and demand knows what happens when there is more supply than demand, the price goes down. now just think if you were one of the lucky guys that got to lease the gold from the bank and sell it on paper on the futures market. the bank actually pays you to do that. (they discount the gold lease) then as you drive the price down on the market since there is a tremendous increase in the supply, you then buy it back at the lower rate and replace the gold to the bank...except that the gold is never moved, it is only done on paper...unaudited with no doublechecking on if the gold actually exists. many of the mints that produce silver bars and rounds have a 2-3 month backlog of orders. they take your money but cannot guarantee delivery by a certain date. there is now a greater shortage of actual supply of silver than there ever has been. this is why most dealers charge a several dollar surcharge over the spot price because that is what the real value is based upon supply and difficulty to get. Namaste' ps, a good day trader can make money on any kind of market...you just have to stay on your toes and not go to the bathroom. |
09-18-2008, 07:54 PM | #36 | |
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Re: Gold & Silver Q & A
Quote:
next week you might regret doing that. however if your fast, you can run out and buy some more while the price is down. i don't think it will last for long. the market is like a bouncing ball, it depends on how high up from the floor that you catch the ball, the trouble is, the floor moves up and down too! Namaste' |
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09-18-2008, 08:24 PM | #37 | |
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Re: Gold & Silver Q & A
Quote:
Your picture is so mysterious for a Leo, you must have Scorpio Rising or something and perhaps some Uranus influence accounting for your "electricity". I'm an Aquarius, so forever busting the Leos it seems...but very much appreciating the entertainment value . At the risk of stroking your ego anymore, it seems that you are doing more practical work than the "person" I thought you were. Besides buying gold & silver, I'm also contemplating the best off-grid location to put down roots. Not to get too much off topic, and back to my interest in what Benjamin Fulford is saying. He implies that the Sept. 30 U.S. Fiscal Year end will be the start of the unraveling of the U.S. economy. Which is the main reason I wanted to get into metals before that date. What does everyone else think? Astraya |
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09-18-2008, 08:29 PM | #38 |
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Re: Gold & Silver Q & A
is this a good buy?
http://www.apmex.com/Product/44578/2...2009_9_24.aspx its around 15.50 and the spot price of silver now is 11.90 |
09-18-2008, 08:40 PM | #39 | |
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Re: Gold & Silver Q & A
Quote:
I told him he might see me again tomorrow, he said he hoped so... |
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09-18-2008, 09:32 PM | #40 |
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Re: Gold & Silver Q & A
Crimson and Clover, Dollar Rolling Over ...
"I advise establishing a position that allows you to hold through any downturns. The recent volatility in the fluctuating price of gold and precious metals equities has taught many investors a very painful lesson. Hopefully you have your cash position located in a place that will at least retain its nominal face value. There are other investment strategies you might consider to hedge yourself which you should discuss with your investment advisor, but ownership of gold is now a must and should play a major role in your overall portfolio." http://www.321gold.com/editorials/ka...sun091808.html |
09-18-2008, 10:13 PM | #41 |
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Re: Gold & Silver Q & A
Quote:
Originally Posted by GregorArturo My parents have a half mil in the stock and bond market right now. They're pretty confident it's safe and secure. I've been trying to convince to at least invest in $10k worth of gold and silver and store it at our house. How should I go about actually convincing them in my rational? Any valuable resources that my do the trick? GregorArturo, Welcome ... to my world ... I had this very conversation today with my mother. She lived through the depression and realizes this is a different economic event, even that it is more severe, but we are talking about conditioned serious issues. How long have we all been blitzed with the meme to trust the system, prosper with the system, feed the system? I have not found any answer beyond gently encourage and move forward, as all folks come around to their decisions from within their perceived inner universes. Funny thing was, while I was there, she gave me several updates on the gold price surge today, I hadn't checked, so, perhaps she might exit some before the rush. Here is one imaginative idea, borrow some of their funds, and convert it to metal for them, and then all share some smiles later! Namaste! __________________________________________________ _______________________________ Please be advised that I am not any form of a professional or paid investment adviser and each individual reading or posting questions or answers is responsible for their own investment decisions. -- ------------------------------------------------------------------------------ Last edited by Zynox; Today at 01:09 PM. Please help from a poor soul who walked away from wealth at an early age. I too have been trying to get my parents to please reinvest into something tangible for them, with some success last year my dad pulled his stocks but still has quite a bit tied up in the banking system and refuses to budge, I have no choice but to let it be. My question is I have never been materialistic and find it hard to get up the nerve to go for this, any suggestions? I can survive on very limited means and have always done so. You had also mentioned somewhere and forgive me for not locating your words that gold worn provides a sense of help can you elaborate further on this as well, a friend of mine has also told me this but I have always declined to do so? |
09-18-2008, 10:27 PM | #42 | |
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Re: Gold & Silver Q & A
Quote:
Astraya, Oh No! (best Home Alone face), not an Aquarian, my heart and fire can't be quenched! Linda Goodman warned me, Harr! Zy, straightens back up and onto topic - I do see 09/30/2008 (reduced to 22) as pivotal, the books have to be inked and whilst we still have any resemblance of adhering to the quickly re-written 'laws' and '(de)regulations', for inconvenience sake, I suspect there shalt be MUCH fallout. On one Level! On another level, this still seems to be totally a wealth transfer, but I feel it is now adhering to chaos theory, and out of the 'master's' control. We shall see very soon! Side note, please e-mail/message me a contact point if you would be willing to run my natal chart interpretation for me, it feels you have that background. ~ Namaste ~ Last edited by Zynox; 09-19-2008 at 06:07 AM. |
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09-18-2008, 10:31 PM | #43 |
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Re: Gold & Silver Q & A
If you can get them to call these people. You will have to google their site to get the phone number.
Pat Kiley - Forex trading about 45 years great advisor. Then just good info who will take calls and refer your parents to someone FOR FREE is Bob Chapman of The International Forecaster. Last edited by Waterman; 10-14-2008 at 08:48 PM. |
09-18-2008, 10:50 PM | #44 | |
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Re: Gold & Silver Q & A
Quote:
My feelings are that many attitudes regarding gold have been imprinted upon us, the masses, with an agenda to discredit it, instilling the thoughtforms that it is either a barbaric relic or a nefarious and evil item. To me, it is a tool to be used like any other, maybe this will help, maybe this will never be a tool you will resonant with. Michael St.Clair and many others have noted that there is a vibrational aspect to gold, and other precious metals, that may influence our 'being', and, I agree. I haven't really gone down this rabbit hole much, just note I feel good with it in my presence. ~ namaste ~ Last edited by Zynox; 09-19-2008 at 06:09 AM. |
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09-19-2008, 01:09 AM | #45 |
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Re: Gold & Silver Q & A
Thank you so much for your reply it is indeed something to ponder, I won't know until I try. I have some tri-color that I do not wear I bought it for the colors is that the same thing? Then again it may not be my thing I do have crystals which I find I resonant with.
Peace and Love |
09-19-2008, 01:14 AM | #46 |
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Re: Gold & Silver Q & A
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09-19-2008, 06:40 AM | #47 | |
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Re: Gold & Silver Q & A
Quote:
I have read Mah's work and find it intriguing, and yet, as speculative info-bits, neutral I suppose. Many systems, many theories ... take and hold this perspective for a moment: What if he is right, and it goes to 50% and the fiat currencies all go to 25%, then metals are net ~ 100% ... this would not surprise me in the least. I am not familiar with CHF, but if it any sort of a paper vehicle, well, paper seems to be a fire hazard, and they may all burn. ~ Namaste ~ |
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09-19-2008, 05:27 PM | #48 |
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Re: Gold & Silver Q & A
here is mahendra's 2008 predictions: (does it sound familiar?)
KEY HIGHLIGHTS OF 2008 - Astrological predictions for world financial market of 2008 I always come out with yearly brief outlook in the first week of every New Year so my members can have a broad picture of the year. From 2001 to 2005 Metals, oil, commodity related stocks, weak dollar, coffee, and orange juice remained top in my list of my advice. 2006 Grains came in the top list with metals and oil. Everything went very well, as predicted, from 2001-2006 except for my stock market prediction was off-track. In 2007 Dollar came in my list with alternative energy stocks. We all are aware that my favorite solar sector has done unbelievably well in 2007 but US dollar performed very poorly. On few occasions, commodity currencies had sudden corrections but over all I was absolutely wrong on Dollar prediction. I don’t want to cry on what already happened but it is always good that I shouldn’t forget about my wrong once because accurate and inaccurate both walk with you like train tracks. Let us buckle up and go for a ride called “future of financial market of 2008”: METALS 2008 holds mix trend for metals. From 14 of January metals will remain negative but from middle of February I see sharp rising in metals and upward trend shall continue till. From May 2008 metals will have negative trend and fall will be more than what they gained during Feb to Mid-March. From July to October, metals will trade weak but from Mid November through December metals will trade positive. Metal stocks shall perform well in patches. First three month of year starting they will remain positive but from end of March metal stocks will have major setback. Except on few occasion they will rise during the pending seven months of 2008. So I don’t recommend investors to hold gold and silver stocks after Mid-March 2008. ENERGY 2008 will remain unfavorable for energy from 4 of January. I don’t see any worst hurricane or weather related damage. Geo-political situation will remain unstable around the globe but it won’t have any major impact in oil prices so don’t buy oil you see uncertainty in middle-east, in fact rise oil prices in uncertainty should be taken as selling opportunity during 2008 Mid-March. On the down side I see oil going back to $68.80 and higher, it can touch $111.80 or may move higher till mid-March. Heating oil and RB gas to remain weak during 2008 but natural gas will surprise everybody by moving higher in second half of 2008. From middle of 2008 one can buy natural gas and sell oil as a hedging will bring safe return. GRAINS During 2008, all grains will remain weak except corn. Soybean and soy bean products (soy oil and meal) will remain in bear market from 14 of January. Wheat will also move down in first half of 2008 but you can buy in second half of 2008 as wheat prices will move up sharply due to crop problem in Australia. I see Wheat moving to new high in second half and it may touch 1500. Canola and oat will remain weak during 2008. SOFT COMMODITIES Coffee and sugar is supposed to be my favorite in 2008, so one can keep accumulating the position if any drops come. Lumber and Orange juice will trade weak but we may see some volatility in prices of Cocoa. STOCK MARKET My outlook on USA stock market is very bullish during 2008. I see a huge amount of dollar inflow coming back from all different countries into the USA stock market. I highly recommend investors to withdraw money from all the developed countries markets and put the money in US stock market. During 2008 US stock market will outperform all other stock markets. India, China, Hong Kong, Australia, Singapore, Russia and South Korea will still remain in positive territory in second half of 2008 but they will lose value during the first four months of 2008. They will start losing value (except Russia) so simply one can start booking the profit in these markets starting week of the new year. You all must be aware that I have been quite negative on European currencies and European stock markets as all major astrological combinations are moving away from Europe and that is the most concerning sign to me. I will not recommend anyone to invest heavily in European markets but one can buy sector specific area like alternative energy and uranium related stocks or stocks which support the nuclear power. South American stock market will perform better then Asian and European markets. African countries will not have a stable year in 2008 so my advice is to withdraw the money if someone is heavily invested in African countries. My first target for Dow Jones is around 17,000 which should reach before the end of the year so those who want to buy the calls can make planning during the first week of January. CURRENCIES Dollar will remain in bull market and the journey for dollar will be very smooth without any obstacles. US Dollar should gain around 18% during 2008. All major currencies will have a setback against the US Dollar from Mid March except Japanese Yen and South American currencies. Euro, British Pound, Canadian Dollar and Australian Dollar will lose value quite sharply against the US dollar during the middle of the year. Indian Rupee, Chinese Yuan and Russian Rubble will remain stable. If I have $100, I will put $45 in alternative energy areas like Solar, Bio-fuel, Geo-thermal, Cellulosic Ethanol, Wind and Nuclear. $15 I would put in banking and financial stocks, $10 I would put in commodity related stocks including Water and agriculture, and the remaining $30 I would put in wireless telecommunication, semi-conductor and the technology stocks. At the same time I would like to hold all the assets in US dollar. GEO-POLITICAL SITUATION During 2008, around the globe there will be political instability in each and every country. I do not see any major disaster like terrorist attacks so the violence will only occur due to the political reason in that country. I do not see any major natural disaster except there will be a big fire which will take place in USA again in 2008. My newsletter will guide you on the short term trend because the trends mentioned above are just overall trend for 2008 but weekly and monthly trends or the price targets you will get in my newsletter. Important golden note: Commodity market and commodity Index will move down from 4th of January as very important planetary movement is taking place. This one will only save you millions but it will make also millions. February and early March they will rise agains but from April they will lose value again. I am also excited about my next book which is mostly covering all the markets as well as the world in brief. The book shall be out by the end of February. |
09-19-2008, 06:02 PM | #49 |
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Re: Gold & Silver Q & A
after much reading and learning, I decided to finally purchase silver coins, the 2008 Canadian Maple Leaf with the 2010 Olympic. I ordered it through tulving. Thank you guys! I hope it was a good investment/insurance policy.
Also I been reading at how the Precious metal market might also be manipulated but I will ride this roller coaster out!!! |
09-19-2008, 08:47 PM | #50 |
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Re: Gold & Silver Q & A
Spiritually Golden
When we come face to face with babylon and question the spiritual prudence of supporting gold and precious metals, it may be helpful to equate peace with spirituality, and then to equate a relationship between gold / sound money and peace. Yes we have had wars while on a gold standard, but it feels to me that the standard was abandoned when the desire for war was increased, gold money became restrictive, and inconvenient. Ron Paul: http://www.house.gov/htbin/blog_inc?...ngdetail.shtml In Government We Trust? Part 1 "Many who agree with me on a lot of other issues, do not understand my enthusiasm for gold and sound money or why I spend so much time studying and talking about monetary policy. It's true that I talk about money differently than most, but the fact is sound money offers many benefits. For example – peace. Can sound money really bring about peace? Actually, it plays a big part in peaceful international relationships. Money based on commodities, rather than paper, is not subject to government manipulation, and is a key component to free and honest trade. History shows that if countries engage in trade with each other, their governments tend to find ways to get along for the same reason you do not kill your customers at your place of business, even if they occasionally annoy you. If someone outright cheats you, however, you may engage in “war” by taking them to court, for example, and the relationship will sour. Governments and central banks with unfettered power to manipulate currency also have the ability to cheat their creditors. One way they do this is to simply create enough currency to pay off debts. This devalues the currency and “cheats” the recipient out of what they are owed. It would not be fair if you watered down your product the way our government waters down its currency, so it is not hard to understand, in these simplified terms, why loose monetary policy contributes so much to ill will and war around the world. Sound money, on the other hand, simply is what it is." ~ Namaste / Got an Honest Politician, Supporting Gold? ~ |
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