Gold and silver price on the way up again
Submitted by meekandmild on Tue, 09/07/2010 - 09:01in
silver $19.95 +$0.09
Gold $1258.05 + $7.27
http://bullion.nwtmint.com/pricing.php?utm_source=yahoo&utm_...
silver $19.95 +$0.09
Gold $1258.05 + $7.27
http://bullion.nwtmint.com/pricing.php?utm_source=yahoo&utm_...
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Gold Vault Tour, Free. NY Fed. See it. Ask Who Owns It. Smile.
[ You are on "Fed Gold Vault Candid Camera! ]
Gold Vault Tour, Free. NY Fed.
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Mark Twain Posts 1835-1910-To-be-continued...
Daily Paul ☑ Ron Paul, 2012 ☑
From Egon von Greyerz of
From Egon von Greyerz of Matterhorn Asset Management
GOLD ENTERING A VIRTUOUS CIRCLE
Fundamental and technical factors for gold are now in total harmony and gold is entering a virtuous circle that will drive the price up at its fastest pace since this bull market started in 1999.
•It is a fact that gold in US dollars (and many other currencies) has gone up 400% in eleven years or 16% per annum annualised.
•It is a fact that the US dollar has declined 80% in value against gold since 1999.
•It is a fact that the dollar and most other currencies have gone down 98-99% against gold since 1913 when the Federal Reserve Bank of New York was created.
•It is also a fact that the Dow Jones (and many world stock markets) has declined over 80% against gold since 1999.
•It is a fact that gold has made a new all time monthly closing high in dollars in August 2010.
Gold trend
We expect gold to start a substantial rise now which will continue for 5-10 months before any major correction. Gold’s technical picture is extremely strong with a continuous rising pattern of higher highs and higher lows with the steepness of the curve increasing. From much higher levels we are likely to see a correction that could last up to a year before the next rise which will last several years before we see a significant peak. Once gold has topped we do not expect the same kind of decline as after the 1980 peak since gold is likely to become part of a future reserve currency. At that point gold will be a solid but unexciting investment with very little upside potential. But that is likely to be a few years away.
In spite of a 5 times increase in the value of gold or an 80% decline against many currencies and stockmarkets in the last 11 years, most investors own no gold and still do not understand the importance and value of gold. In a world of constant money printing and credit creation leading to devaluing currencies and devaluing assets, gold reflects stability and is virtually the only store of value that cannot be destroyed by governments.
http://www.zerohedge.com/article/matterhorn-asset-management...
"Ineptocracy: a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confisc
Retirement Plans Invested In Paper Securities Are No Longer Safe
Get Physical Gold, it will appreciate in relation to paper money big time, my opinion only.
beesting
Correct. Buy What Items You Really Need. Need Gold & Silver?
After buying what you need, consider creating your own, excess "Private Reserve." You could save whatever you imagine will be more valuable in your future.
Silver
I strongly believe silver will rise dramatically, priced in Federal Reserve notes (IOU). It is still priced low enough to be used heavily in industry. There is relatively little silver locked away in Gold-finger's vault. Silver-finger could not be reached for comment.
Gold
Gold, less so. It is mostly looked in vaults away from you & ... Well, me anyway. Primary use is jewelry. Most rests quietly in a vault or still in the ground. Gold is too expensive to be used much in industry. This is no argument. Gold price will also go much higher. It is just, personally, I have no use for jewelry. I don't want a vault.
Gold Vaults, whether empty or full? Ownership & contents? Gold Plated Tungsten? Judge for yourself.
Certainly, Gold price in "Legal Tender" will go up & down. I don't know which way the value folks will place on it.
World Reports Precious Metal Price, Except Saturday.
Gold, Silver, & other Precious Metals are all price as "Future & Option" paper contracts. How is is that the world can agree on the price of these metals every second, everyday, except Saturday?
What the hell is wrong with medal on Saturday? Wash day?
http://Kitco.com
For those with extra "Federal Reserve" notes, consider at least a few Silver Coins. Help others you care about remember money has value for centuries. Paper "Legal Tender" may not.
A Silver Coin may help folks remember you trying to tell them something important; with your coin in their hand, they may pay attention.
If you have little to spare, save your Nickels. Their metal value is about 6 cents (instant 20% Return on Investment (ROI).
If you folks happen to wish for a "Private Reserve," spend your excess Federal Reserve Notes. Banks are often the top investors in Gold & Silver mines.
Gold & Silver has been an excellent store of value for centuries.
Take care. Sincerely,
Mark Twain Posts 1835-1910-To-be-continued...
Daily Paul ☑ Ron Paul, 2012 ☑
Thanks for writing Mr. Twain, here are a few more tips.
A link to trading:
http://en.wikipedia.org/wiki/Commodity_markets
These markets are worldwide during business hours only.
Every country has different business hours because of the rotation of the earth.
The "Markets" only trade in large amounts which are usually out of the range of the smaller investors.
The large amounts set the "Spot" prices worldwide.
Local coin dealers must mark up the coins they sell to the smaller investors to stay in business.
Private Reserves:
My advice would be to buy physical Silver coins from local coin dealers or reputable companies using the net to compare prices on the same item.
If enough Silver coins are accumulated, they get heavy by weight, at which time a person could exchange some of the Silver for Gold coins which are minted as small as 1/20th of an ounce.
Divide the world spot price by 20 and add in a small mark up and that should give a rough estimate of how much a smaller { 1/20th-1/10th-1/4---1/2---or a 1 full ounce } Gold coin would sell for. There are also smaller than one ounce Gold bars available.
There are reputable companies { Not Our Big Bankers!}that do store Gold/Silver for a small storage fee, and have safe ways to exchange the ownership of the metal over the "net".
http://en.wikipedia.org/wiki/Digital_gold_currency
And:
http://link.brightcove.com/services/player/bcpid1079049304?b...
Thanks For Reading.
beesting
watching it too
I am smiling this morning
this is a three day chart of my stock Skotan
from an emerging market {Poland}
http://stooq.pl/q/?s=skt&c=3d&t=c&a=lg&b=0
Website:
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“The most important element of a free society, where individual rights are held in the highest esteem, is the rejection of the initiation of violence.” Dr. Ron Paul
Dollar -$0.02
.
Is that how much it went down or
is that what it is actually worth, -$0.02? :]
hmm
I would go lower 0.0001
lol
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“The most important element of a free society, where individual rights are held in the highest esteem, is the rejection of the initiation of violence.” Dr. Ron Paul