356 votes

>Gold $1,294 Silver $20.30 Platinum $1,458 Palladium $862 Dollar 81.31

............♘ 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/
........................................................................
Welcome to the Daily Paul Metals thread. This thread was designed to keep all metals questions and comments in one place. At over 19,000 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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DJP333's picture

Gold and Silver oddly decoupled today...


http://www.zerohedge.com/news/2014-08-01/5-things-ponder-int...

“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."

DJP333's picture

India Slams US Global Hegemony

By Scuttling Global Trade Deal, Puts Future Of WTO In Doubt

http://www.zerohedge.com/news/2014-08-01/india-slams-us-glob...

“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."

SteveMT's picture

Gold back up $14 today, stocks continues down; DOW -110.

Gold doesn't lie. If you own some, be happy.

Cyril's picture

One day, one week, one month, silver and gold will give us clues

One day, one week, one month, silver and gold will give us clues like this :

http://www.infomine.com/investment/metal-prices/rhodium/1-month

... till then, quietly stack on! :)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Them stackers just might break the bankers back

The silver institute shows coins and bars went up over 100M oz in 2013, which caused a supply deficit of over 100M oz.

https://www.silverinstitute.org/site/supply-demand/

If this trend continues it's going to get real interesting want tricks the bankster pull next. The silver inventory is gone!

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

everyday brother!

commodities... repeat and rinse.

When did common sense become a super power?

SteveMT's picture

Argentina Declared in Default by S&P 7-30-14

Our time is out there somewhere.
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Argentina Declared in Default by S&P as Talks Fail With Elliott
Jul 30, 2014 4:55 PM MT

Standard & Poor’s declared Argentina in default on its foreign-currency obligations after the government missed a deadline for paying interest on $13 billion of restructured bonds.

The South American country failed to get the $539 million payment to bondholders after a U.S. judge ruled that the money couldn’t be distributed unless a group of hedge funds holding defaulted debt also got paid.
http://www.bloomberg.com/news/2014-07-30/argentina-defaults-...
http://www.zerohedge.com/news/2014-07-30/argentina-defaults

S&P? The same S&P that gave a

triple AAA rating to companies like Lehman Brothers, Bear Stearns and others prior to their bankruptcies in 2008? They are tools of the banks.
IF I were Argentina, I would forgive my debt and bail out of the fiat currency system for a gold backed system and pray that the bankers don't Gaddafi me.....

"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I have one word for you...predator drones. Oh, you think I'm kidding?" Obombya

"Don't cry for me Argentina." Cry for the bonds that bind you.


Eva Peron ♥ No llores por mi Argentina ♥

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

SteveMT's picture

GDP & dollar jumps. Why? Inventories jump!

Why who would have thought.
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Moments ago the Commerce department reported Q2 GDP which blew estimates out of the water, printing at 4.0%, above the declining 3.0% consensus, as a result of a surge in Inventories and Fixed Investment, both of which added over 2.5% of the total print, while exports added another 1.23% to the GDP number. The full breakdown by component is shown below.

http://www.zerohedge.com/news/2014-07-30/q2-gdp-surges-4-bea...

A Late Update On The BRICS Alliance !

http://www.kitco.com/ind/Taylor/2014-07-23-Gold-Friendly-BRI...

Not specifically talked about much if at all in the official announcement by the BRICS, but certainly a cornerstone in establishing a competing monetary system, is a role to be played by gold. China and Russia in particular have talked about that increasingly since Lehman Brothers, though it is seldom if ever mentioned in our mainstream press. If you doubt that China and Russia have plans for gold to become an integral part of their new monetary system to compete against the U.S., think again!

http://www.kitco.com/ind/Taylor/2014-07-23-Gold-Friendly-BRI...

Comment: Is a part of the Russia bashing due to Russia's accumulation of GOLD??? {Please read the article above}

beesting

Great article

But I believe silver will become more valueable than gold when the BRICS banking system takes over. When there's only 1 billion ounces avialable annually, it is much more rare than gold. It will take years for mining to catch up to the demand for silver, because exploration has virtually stopped.

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

Ever wonder why silver is about $20

and why the stock market continues in a bull market trend? The FED needs to keep blinders on everyone so they can not see clearly. The stock market is just an illusion of prosperity being propped up by the FED and it's Bankster buddies. It then suppresses gold and silver to make the dollar look strong. But I think all is going to change very soon, because the bond market is in such a monster bubble, there's no more room for growth.

The last trick will be coming soon, that is crash the stock market so people will flee into the dollar and the bond market. This will prop up the bond market for a short time.

What most can't see is the silver market is a $5T market being propped up by only 1 billion 0z of silver annually. Just think about it $20 Billion worth of real assests propping up a $5T ponzi scheme. If anyone flees the stockmarket into physical gold or silver the door will be slammed shut, no physical will be available.

The time is running out to buy real physical assests before all hell breaks lose!

for more reading: http://www.dailypaul.com/323295/the-perfect-storm-will-silve...

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

SteveMT's picture

Time is running-out. 77M people are in debt collection.

I hope no one here is in this situation.
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A Shocking 77 Million Americans Face Debt Collectors
7-29-14

We have been warning for years that as a result of the Fed's disastrous policies, America's middle class is being disintegrated and US adults are surviving only thanks to insurmountable debtloads. But not even we had an appreciation of how serious the problem truly was. We now know, and it is a shocker: according to new research by the Urban Institute, about 77 million Americans have a debt in collections.

The breakdown by region:
continued at:
http://www.zerohedge.com/news/2014-07-29/deadbeat-nation-sho...

Maybe this is why the banksters changed to laws in 2005!

How dare anyone try and escape their evil grasp through bankruptcy: http://www.nolo.com/legal-encyclopedia/new-bankruptcy-law-ch...

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

DJP333's picture

Nothing to see here folks, move along.

Just regular activity for the markets on Tuesdays.

“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."

Yep just another FED day

for Janet Yellen, She wants to be a bigger felon that Bernanke!

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

Cyril's picture

And the Cruelest Joke Ever Played goes on!

And the Cruelest Joke Ever Played goes on!

http://www.dailypaul.com/282804

... until it'll stop!

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

SteveMT's picture

The Italian Government Owes Over $100B To Private Suppliers

They made them an offer they couldn't refuse.
--------------------------------------------
7-27-14
According to Reuters, the Italian state owes some 75 billion euros ($102 billion)to private suppliers, as reported by the Bank of Italy. The unpaid bills have starved companies of cash and triggered layoffs, factory closures and bankruptcies.

Italy will settle the debt arrears it owes to private sector suppliers by the end of this year, Economy Minister Pier Carlo Padoan said in a newspaper interview on Sunday, pushing back previous commitments. "We will ensure that the arrears are paid off by the end of the year," Padoan told Corriere della Sera daily.
http://www.zerohedge.com/news/2014-07-27/italian-government-...

DJP333's picture

Another roller-coaster week

What a way to end the week...with a buying spree of gold! If yesterday was a dump of $1 Billion gold futures, how much gold was purchase today to bring the price back from $1290 to $1306?? My head hurts trying to figure out these kinds of movements.

“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."

DJP333's picture

Germany Planning on Joining BRICS?

If you haven't listened to Jim Willie, check out this interview. He has a lot of interesting info.

Germany joining BRICS / BRICS banks / US Govt and banks have stopped the east's ability to dump US treasuries / US Recession statistics / Comex and PMs.

“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."

Looks like we are finally starting a major leg down in gold

and silver that will take both to major new lows by this time next year. I have been bearish on gold and silver since April, 2011, and while it hasn't unfolded as I originally calculated, they are both significantly lower than 2011. My projection for silver is under $5.00 and gold under $700 to be reached by this time next year.

I am bullish on the stock market until this time next year; the NAQDAQ composite index could double by the summer of 2015. Interest rates should have cyclically gone up, but the boot of the fed is thwarting normal cyclical movement.

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.

I will hope and pray this happens

so I can stack even more silver, this would be such a gift from the foolish banksters. But in reality it's not going to happen, they will set the price of gold and silver where ever it needs to be to prop up the bond market. The FED and it's bankster buddies have blown the biggest bubble in the history of the world, and manipulating all the markets is the only way they can defend it.

I realize now the rise in the gold and silver market a couple years back was just a way to steal from the public through SLV's and all other paper ponzi schemes. JP Morgan must have made out like a bandit selling paper gold and silver all the up to $1900. and $50 per oz then crashing it down to $1200. and $20. But then JP Morgan is a bandit!

Those playing in the paper ponzi schemes are going to get burned, because real assests like physical silver is running out and no longer can support the $5T ponzi scheme we call the silver market.

The last trick is to crash the stock market to save the monster ponzi scheme we call the bond market. Silver and gold will shoot up at that point because the banksters will slamm the door shut on physical.

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

^ ROFL

Yup, that's right folks! Mining companies are going to keep bringing their only products outta the ground at just half the cost of production(gold at $700, when it costs $1400 to mine), and one quarter the cost of the production(silver at $5, when it costs $20 to mine)!

I mean, wouldn't YOU go to work everyday with a smile on your face if you knew your margin would be negative -50% or negative -75% for your hard efforts?

This is what happens when you navel gaze at charts, and don't know a damn thing about the real world supply issues...

ROFL indeed

Laugh it up. Wasn't it those "real world supply issues" that had you buying in the upper 40's and has kept you on the wrong side of the market for over 3 years?

2013 supply

Wrong side of the market? You haven't learned a single thing. There is no market in silver, there is only a long con.

Last year the Silver Institute revealed that silver supply in scrap declined by 25%....reducing the number of ounces produced by 27 million in 2013.....to about 970 million, while demand was about 1.1 billion.

Demand outstripped silver supply last year as a result by 113 million oz! In one year! The year before? Demand outstripped it by 67 million! 180 million oz silver deficit in two years...and that is with silver at an average price in 2013 of $23!

Downvote me all you want, if that makes you feel better....but the day is coming when the banks cannot sustain a ludicrous $20 price any longer.

Sub $5 Silver? Someone's living in the 90's, my advice is to join us in the new millennium, it's not that bad a place, really.

Above ground inventory drops by 23% and price follows

were is grade school economics? If supply can't keep up with demand price is supposed to fix it. I guess thats for the real world not silver market.

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

Interesting

Thanks for the update, I was wondering about your current projections. It is difficult for me to see stocks holding up for another year, particularly the nasdaq. However, I was doubtful that the DOW and S&P 500 would achieve new highs, but they did and I think you predicted they would, so who knows maybe you will be right.

Free fall! It befalls more than Building 7, gold & silver...


Be you victim or prey?" 1 minute documentary.

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