357 votes

>Gold $1,235 Silver $18.70 Platinum $1,355 Palladium $835 Dollar 84.35

............♘ Daily Paul Metals Thread ♘ ............
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Hidden Secrets Of Money
Part 1 - Currency vs Money
http://youtu.be/DyV0OfU3-FU
Part 2 - Seven Stages Of Empire
http://youtu.be/EdSq5H7awi8
Part 3 - Dollar Crisis To Golden Opportunity
http://youtu.be/y-IemeM-Ado
Part 4 - The Biggest Scam In The History Of Mankind
http://youtu.be/iFDe5kUUyT0
Part 5 - TRUE History Of Money
http://youtu.be/OQWMd_NPSBA
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A Visual History Of Gold link provided by DJP333
http://www.zerohedge.com/news/2014-02-26/visual-history-gold...
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Gold Manipulation: The Logical Outcome Of Mainstream Economics
http://www.zerohedge.com/news/2013-02-21/guest-post-gold-man...
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Gold Manipulation: How They Do It (And How To Hedge It)
http://www.zerohedge.com/news/2013-02-26/guest-post-gold-man...
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Visualizing Platinum & Palladium's Place In The World
http://www.zerohedge.com/news/2013-01-24/visualizing-platinu...
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Gold & Silver, Ron Paul: THE TRUTH
http://www.youtube.com/watch?v=E-ShSGz89mA&feature=related
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Visualizing All The Silver In The World
http://www.zerohedge.com/news/2013-03-01/visualizing-all-sil...
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Bitcoin: Rate Charts and Commodity Exchanges
http://bitcoincharts.com/markets/
https://ounce.me/
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Welcome to the Daily Paul Metals thread. This thread was designed to keep all metals questions and comments in one place. At over 19,500 posts, we try to keep the price of Metals in the headline as up to date as possible...but sometimes it can get away from us. Feel free to ask questions about (all) investing here...you will get an array of answers that will help you in your decisions. Remember...any investment can have loses or gains...If we knew exactly where the markets will be tomorrow or a year from now we would all be wealthy.......The people here have strong opinions one way or another, so... Do your own research and then decide if metals are good for you. Ron Paul is a firm believer in holding physical Gold and Silver. Many of us share that same view! Welcome!
NOTE: Thread is now monitored for posting violations.

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How Governments will confiscate your GOLD!!!
http://www.sovereignman.com/expat/gold-confiscation/
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4 Must watch videos...NOTE:These videos give you a heads up of what is coming!
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Madness of a Lost Society (in 4 parts)
http://www.youtube.com/watch?v=HyjAHfnu0qc
http://www.youtube.com/watch?v=WRvjufH29vE
http://youtu.be/p_Ic_OvIPtU
http://youtu.be/2FZmHBcrk5Q
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The Day the Dollar died...
http://www.youtube.com/watch?v=2N8gJSMoOJc
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Gold $5000 and Silver $200 an ounce...

Rob McEwen: Your readers need to appreciate: Gold is money. It is currency. I think the number of people familiar with gold will grow as people see gold as a currency. China, India, Russia are buying gold to diversify their foreign reserves. To restore the confidence in currencies, I think some central banks, such as the Chinese and possibly the Russian, will increase their gold holdings to the level that the percentage of their total currency will be greater than that of any other currency in the world. At that point, they will assert that their currency should become the reserve currency of the world.
Full Read....
http://news.goldseek.com/GoldSeek/1313942400.php
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Inflation or Deflation....Metals win...
http://news.goldseek.com/ClifDroke/1310933400.php
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Why Deflation is good for Precious Metals:
http://seekingalpha.com/article/183323-why-deflation-is-good...
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Live Charts Here...
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES...
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LIVE DOLLAR CHART HERE
http://www.goldseek.com/quotes/charts/usdollar/usdollarindex...
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This thread was started 9/16/10 - here were the prices.

Submitted by SteveMT on Thu, 09/16/2010 - 11:51.

Metal Bid Ask
Gold $1,273.60
Silver $20.73
Platinum $1,602.50
Palladium $546.00

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"Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves."
–Norm Franz, Money and Wealth in the New Millenium

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Top Gold Goodies:
From Mark Twain: It links to one page for Options Expiration & another page for Futures Expiration. It is easy to save or print out for reference all year long. It is a handy reference identifying when US contracts expire for 2014.
http://www.apexfutures.com/trading-tools/expiration-dates/
http://www.heritagewestfutures.com/docs/default-source/defau...
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This is where I watch it happen: http://www.goldseek.com
This is where I buy from: www.apmex.com:
A great read. Think and Stop Investing!
http://www.silverstrategies.com/publications/ThinkandSTOP.pdf
This is an incredible site for watching metals:
http://www.24hgold.com/english/home.aspx
This site monitors all ebay metals prices.Check it out:
http://www.24hgold.com/english/buy_sell_gold_coins.aspx?co_id=0
Jim Sinclair - a Great read everyday: http://jsmineset.com
Hard Core Gold site. Great reads: http://321gold.com

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More...

...Tapering.

DJP333's picture

Gold and Silver End Game Here

Greg Hunter interviews John Embry, Chief Investment Strategist at Sprott Asset Management.


http://www.youtube.com/watch?v=r4xr_CoG1wI

http://usawatchdog.com/gold-and-silver-end-game-here-john-em...

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

This thread now 4 years old

this thread was created four years ago, around the time of QE2 (I think before QE2 but might have been a few weeks after) and according to the main body of the thread taken directly from this comment on the first page of this thread http://www.dailypaul.com/comment/1537586
the prices at that time were:

Gold $1,273.60
Silver $20.73
Platinum $1,602.50
Palladium $546.00

Now, using the prices listed in the current title of this thread as updated by SteveMT, let us compare prices now versus then:

Gold $1235, DOWN $38.60
Silver $18.70, DOWN $2.03
Platinum $1365, DOWN $237.50
Palladium $840, UP $294

So what did all that hyperinflationary quantitative easing bring us? NET DEFLATION. Imagine if the fed did nothing.

P.S. Everyone go to the first page of this thread and read what was being said ... LMFAO.

Where do you think...

Where do you think that silver and gold would be trading if the mysterious "Belgium" buyer didn't magically appear months ago and start buying up tens of billions of dollars of our debt?

Does anyone even stop and wonder how this tiny country can purchase more debt than it even has GDP?

Has the metals crowd underestimated the levels of fraud and corruption that would be used to depress gold/silver? Yes. Will this continue indefinitely. No.

It's all fun and games until there is no more physical that can be delivered.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

SteveMT's picture

Thanks for catching the 4-year anniversary of this thread.

I can only say that four years is not a long enough window to see what inevitably must happen. All paper will go to zero. However, four years is not sufficient.

I got into metal at the end of 2008 and early 2009. The average prices back then including commissions were the following:

Gold: $960
Silver: $14.60
Palladium: $240 (The best investment to date I ever made.)

Not one of those buys has lost anything. I know that timing acquisitions is everything, so what's your opinion. Did I choose well?

There is no doubt that many including me have underestimated how long this system would last. What was not known four years ago was the true extent of involvement of the other central banks with propping up this fiat system and that the dollar would still be the reserve currency of the world. If the money masters have their hands on all of the controls, manipulate all of the markets, and own all of the politicians, how long they can make this sham system work is anyone's guess. Printing money out of thin air will lead to inflation is basic Econ 101, not rocket science. We are all learning that patience IS a virtue. Your skepticism and dose of reality are both appreciated. Metal is real is what matters most to me.

...

Did you choose well? Well, you certainly have gains on those orginal purchases from late 2008 and early 2009, but you could have achieved similar or greater gains by throwing a dart at a stock page at that time, which was the end of a deflationary period and the beginning of a reflationary period. Virtually everything has gone up since then during the re-flation of the past 5 years, and that reflationary period is ending soon, if it has not already ended.

But haven't you been adding to those original purchases ("stacking") since then? I doubt you have gains on your average of all your purchases.

As you said, timing is everything, and just saying "metal is real" is not going to help you much. Remember, money that was created out of thin air can disappear into thin air too.

SteveMT's picture

I didn't want to be in the system. I wanted out.

I went Galt as much as I could. No stacking since then. I'm done, because of other expenses. I did this at the right time. I got out of the dollar as much as I could. I would disagree with about metal not being real money. If the paper goes south, the metal remains a real commodity that can be sold or traded. Paper can be created quickly and can disappear just fast as you said. However, the metal will remain.

Ron

Asset allocation dictates you spread the risk. With metals @ 5% to 10% of one's portfolio and the rest in stocks, bonds, real estate, I would say most have done well with that allocation. Also, not everyone bought gold at $1,900 where gold was for a very short time.

The question is, what would a prudent investor do today? What does your crystal ball say as a percentage you would allocate to gold versus stocks?

Mine says take from what is at the highs and put some into what is at the lows (although it very well could go lower, understood).

Will be an interesting Fed meeting result today.

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

doug

That allocation works fine during inflationary/reflationary periods, which most americans alive today have enjoyed for most of our lifetimes. But if one is anticipating deflation, as I am, than a prudent investor would have very little in stocks, metals, and real estate. Holding some metals is okay, and maybe even a few carefully chosen stocks, but I would not be in real estate (as an investment) at all. Cash will be king (unless you want to speculate with leveraged bearish bets).

I have been short or flat metals for 3 years. I expect to begin shorting stocks again very soon, and probably bonds too. Maybe even some crude oil. Virtually everything is going lower (except the dollar).

What are your opinions of James Rickards? Anyone?

http://pro.moneymappress.com/MMRBSSH39/PMMRQ823/?iris=252778...

Here Forbes weighs in: http://www.forbes.com/sites/ralphbenko/2014/04/28/is-james-r...

Yes, please BUY this wonderful libertarian BOOK! We all must know the History of Freedom! Buy it today!

"The System of Liberty: Themes in the History of Classical Liberalism" ...by author George Smith --
Buy it Here: http://www.amazon.com/dp/05211820

DJP333's picture

I enjoy listening to Jim Rickards.

He definitely prescribes to Austrian economic principles and understands the global banker game better than most. DP has a lot of good videos and articles by him...

http://www.dailypaul.com/324276/great-interview-watch-peter-...
http://www.dailypaul.com/314342/jim-rickards-predicting-sdr-...
http://www.dailypaul.com/319737/the-death-of-money-qa-with-j...
http://www.dailypaul.com/320115/the-end-of-money-jim-rickard...
http://www.dailypaul.com/159357/james-rickards-defends-ron-p...

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

China moves to increase its influence over gold prices

Monday the 15th of September 2014
The Shanghai Gold Exchange (SGE) will launch its international board for gold trading in the city's free-trade zone (FTZ) on 29 September 2014. When trading begins on this date, investors will be able to trade 11 bullion contracts on the SGE - 8 existing contracts and 3 new contracts.

The new physical bullion spot contracts will allow investors registered with the FTZ to take delivery of gold weighing 100 grams, 1 kilogram and 12.5 kilograms to and from vaults in the FTZ. This latest move aims to attract foreign investors with hedging needs such as LBMA-accredited banks, big refineries and other companies in the gold industry.

The launch of the yuan-denominated board carries at least 2 major objectives - to allow China to have a greater influence on the pricing of gold and boost the use of the yuan in global trade. “The free-trade-zone gold trading will boost use of the yuan currency..., and help pave the way for the yuan to be a global currency,” said Xu Luode, the chairman of the SGE.

China's ambition is undoubtedly to develop Shanghai into the world's biggest physical gold market. This is unsurprising since China overtook India last year to become the largest producer and consumer of the yellow metal. Gaining pricing power of gold in the East is a logical step since Asia accounted for 63 percent of gold consumption in the form of jewellery, coins and bars.

The Chinese bourse will also introduce contracts for other precious metals such as silver and platinum in the near future. For a country that is accumulating records amount of physical gold, China is taking major steps to muscle its way into the the pricing of gold which has so far been determined by western exchanges in London and New York. It is also elevating the status of the yuan as a potential reserve currency by making it a currency that is more liquid and convertible in international trade.

Reprinted with permission.

beesting

DJP333's picture

Yuanification continues around the world

The British government intend to be the first nation (ex-China) to issue Renminbi denominated bonds and to use the proceeds to finance the government's reserves of foreign currency.

http://www.zerohedge.com/news/2014-09-15/uk-hints-next-reser...
http://news.xinhuanet.com/english/business/2014-09/13/c_1269...

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

SteveMT's picture

16-years of Platinum Fixing Under The Microscope


16 year average intra-day platinum price – the PM fixing stands out …

A close-up of the time period surrounding the afternoon fixing (EST)
http://www.zerohedge.com/news/2014-09-10/platinum-fixing-und...

DJP333's picture

Harvey Organ -

Manipulation of Gold and Silver Definitely Ends This Year

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

OMG, predicting dollar collapse from 82 to 15,

that's hyperinflation type collapse!

Gold to go between $3,000 and $5,000 and silver jumps to $200. If this all comes true Americans are toast.

Gold standard: because man can not be trusted to control his greed

DJP333's picture

Beeman,

Are you not American? If this were to happen, the whole world would be at level "toast" too, I would suspect.

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

Wow! almost one thousand orders to Provident Metals since yester

http://youtu.be/aZwSiHBxm0c

I love liberty like fresh cool air in my lungs.I love freedom like fresh cool water on my tongue.I love peace like the smooth skin of my sweet lady.And Dr.Ron Paul is the hero I believe will change the world.

SteveMT's picture

Albanian central bank governor arrested over $6.6M vault theft

Why much has the Fed taken from us?
-------------------------
Fri Sep 5, 2014 2:35pm EDT

Albania's central bank governor Ardian Fullani was arrested on Friday evening in his office on charges of abuse of office over the theft of 713 million lek (6.63 million US dollar) from the bank's vaults, the prosecutor's office told Reuters.

Fullani had refused to step down despite protests by citizens who started a petition to demand his dismissal. He had won a confidence vote in the supervisory board by a landslide. Fullani is the 17th bank employee to be arrested in the case.
http://www.reuters.com/article/2014/09/05/albaniacenbank-arr...

Promotional: Dead or Alive. Mystery of Al Capone's Vaults.


Geraldo Rivera - Al Capone's Vaults Promo (1986) A stash worth millions? Or a tomb?

Breaking into a vault: Live with television cameras rolling. Well, that is a whole different story, as told in the video following this promotional material.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Wanted: Dead or Alive. Mystery of Al Capone's Vault, Chicago.


Breaking into a vault can be accomplished by amateurs; yet, to break into Al Capone's vault... Well, that is a whole different story.

This full 90 documentary, (available on YouTube)is reputed to be a waste of time.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Hang in there

If you dare....

I still see $16 silver and $1100 gold before the end of January. When you see these numbers I suggest that you buy as much as you can.

Europe seems to be in the works of setting up the next bubble at this very moment.

There's no reason for silver to go to $15 or lower!

The TPTB want silver in this $20 sideways motion, they hope the stackers will just give up. They want the miners with no profit, anything lower equals massive losses. What other commodity, can you buy for the cost of production? But then silver is really money not just a commodity.

The silver market is just a paper ponzi scheme controlled by criminal banksters and they will set it where ever they want. The physical market will soon burn down their house of paper and when it happens silver will explode past gold. Mostly because the paper market suppressed all future exploration of silver, it takes over ten years to open a new mine.

A 100 billion ounces of silver mined so far throughout history and it's all in our landfills, never to be seen again!

Gold standard: because man can not be trusted to control his greed

That's a bit lofty don't you think?

When has silver ever in history been worth more than gold ounce per ounce? That seems like a pretty incredible statement to me.

During your quest for happiness don't forget to take a few breaks along the way and just be happy :)

Not at all, when you consider there is no silver left.

Most mines in the US have to get bigger earth movers to get the same amount of silver out of the mine. It won't be long before the old silver mines will have to shut down, just no silver left in them. Then, if you consider the low silver prices made the miners scrap all exploration of new silver mines. The biggest silver squeeze ever is coming and no one will be able to stop it!

When manufacturers need silver they won't care if they will have to pay an extra $100 per ounce if it means their Iphone or computer won't be released without silver.

If you look into gold all gold mined is saved away in the vaults it is always available at the right price.

All silver mined is in the landfills never to be seen again.

When investors see which metal is in short supply, it will be silver they want not gold. Silver will be like a spring held compressed so long, when released it will have explosive thrust.

Gold standard: because man can not be trusted to control his greed

SteveMT's picture

Trump Taj Mahal to declare bankruptcy: Ironic "Monopoly" game.

The game of Monopoly patterned itself after the actual street names of Atlantic City (just an FYI for those unaware). The brutal reality of that game is now being manifest.
------------------------------------------
Taj To File For Bankruptcy, Close In November
By Cleve Bryan - September 5, 2014 6:31 PM

ATLANTIC CITY, N.J., (CBS) — Sources tell CBS 3 Eyewitness News that the Trump Taj Mahal in Atlantic City is filing for bankruptcy, is expected to close in November and terminate all employees.
http://philadelphia.cbslocal.com/2014/09/05/sources-trump-ta...

he would fit right in to be

he would fit right in to be the next president. lmao. Hate that jerkoff.

SteveMT's picture

The Fed will never be able to raise interest rates,...

without crumbling the dollar. Will they ever raise interest rates?

here is one chart that should put everything in perspective, and explain why the world has reached a plateau of permanent addiction to monetary liquidity injections, and why nothing else matters.
Oh, and good luck with that "Fed is about to raise rates" stuff...
http://www.zerohedge.com/news/2014-09-08/quick-reminder-only...

The EU lowering their rates

will allow the US to raise theirs.

Just like Nixon "temporarily"

Just like Nixon "temporarily" suspending the convertibility of dollars into gold.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul