355 votes

>Gold $1,300 Silver $20.60 Platinum $1,480 Palladium $880 Dollar 81.20

............♘ Daily Paul Metals Thread ♘ ............
Hidden Secrets Of Money
Part 1 - Currency vs Money
Part 2 - Seven Stages Of Empire
Part 3 - Dollar Crisis To Golden Opportunity
Part 4 - The Biggest Scam In The History Of Mankind
Part 5 - TRUE History Of Money
A Visual History Of Gold link provided by DJP333
Gold Manipulation: The Logical Outcome Of Mainstream Economics
Gold Manipulation: How They Do It (And How To Hedge It)
Visualizing Platinum & Palladium's Place In The World
Gold & Silver, Ron Paul: THE TRUTH
Visualizing All The Silver In The World
Bitcoin: Rate Charts and Commodity Exchanges
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.

How Governments will confiscate your GOLD!!!
4 Must watch videos...NOTE:These videos give you a heads up of what is coming!
Madness of a Lost Society (in 4 parts)
The Day the Dollar died...
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....
Inflation or Deflation....Metals win...
Why Deflation is good for Precious Metals:

Live Charts Here...
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

"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

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.
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!
This is an incredible site for watching metals:
This site monitors all ebay metals prices.Check it out:
Jim Sinclair - a Great read everyday: http://jsmineset.com
Hard Core Gold site. Great reads: http://321gold.com

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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.
A Shocking 77 Million Americans Face Debt Collectors

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:

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!


... until it'll stop!

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


"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.
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.

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


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.


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

DJP333's picture

Time To Dump A Billion Dollars Worth Of Gold Futures!


“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

Patience is proving to be a virtue.

A virtue that will turn out to be a solid gold one.

DJP333's picture

Once again,

doesn't make any f-kin sense! The fixers have to be doing this purely to make money on the swings (i.e. the pump and dump).

“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

Hmmm, makes ya think

I always find it unusual when PM's rally during UK time and crash during the morning of US time, seen this on multiple occasions, and doesn't really make sense to me. Call me crazy!

“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

16th banker dies in kite surfing accident, this one just 39 y/o.

Goldman Managing Director Found Dead In Apparent Kite Surfing Accident

Police are still investigating the tragic death of 39-year-old Goldman Sachs Managing Director Nicholas Valtz this weekend. As Bloomberg reports, Valtz, a "novice kiteboarder," was found dead yesterday by family members who went searching for him after he didn’t return from a kiteboarding outing. While there is no accusation of suicide in this case, it sadly brings the number of young financial services executives deaths to 16 this year.

Time to sell (or hedge) again...

After a 14 month consolidation of prices in precious metals, for which I have been flat all but a few of those months and all of the last 8 months, prices are getting ready to break to the downside. The decline may have already begun this week, but there is a reasonable chance we could see moderately higher highs, and I am wiling to allow for them, but heavy selling could begin at any time and I don't want to miss the opportunity to re-enter above where I covered late last year.

As noted by Steve Hochberg at EWI (www.elliottwave.com), just over a month ago, the large speculators in silver were net short for the first time in 11 years, but by last week had moved to a larger net long position than they had even at the April 2011 highs. And all that buying only boosted silver prices a couple of bucks or so. Similarly, the commercials went from one of their lowest net short positions to a substantial short position over the same time period. They are not positioning themselves for some monster rally like some have been telling you. This is very bearish omen. Even if gold goes to $1400 and silver to $23 (at time of post, gold is around $1310 and silver around $20.90), it won't change my view and will only give me higher prices to sell from, so save the "LOL"'s if it happens.

I don't expect the loudmouths (or the silent downvoters) of this thread to listen or benefit in any way from this post, and I will probably have to refer to it dozens of times to correct their misrepresentations about what I expected to happen, but there may be some lurkers who have paid attention to who has been largely correct and who has been dead wrong about everything, who may be flexible enough and open-minded enough to ajust their portfolios to allow themselves to benefit from what is probable.


We could be higher or lower, according to EW.

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

yeah smart guy

...if that's all you got out of my post, maybe I should explain that almost nothing is certain in the markets. To beat the market you need to consider multiple scenarios and decide which ones are most likely.

Yeah, if you want to be a smart ass, "we could be higher or lower" but seriously...Could you not clearly discern from my post that a bearish resolution was anticipated? It was merely a question of whether it would start from then-current levels, or from moderately higher levels. Todays sell-off gives weight to the likelihood that a sizeable sell-off is already underway. It's a good thing I already began positioning myself last week, BEFORE it started.

P.S. I guess it okay for YOU to call for lower prices while allowing for higher prices in the same post...
Submitted by Doug Eberhardt on Sun, 06/29/2014 - 12:18.
"...Which brings us to my current analysis. While we can still bounce higher to the $1370 to $1400 range (market makers would love to trap more bulls at $1400), my indicators tell me this bounce is not real. I was interviewed for a radio show recently, about a half hour long and you can see why I think the way I think. I do in fact think we will break the 2013 June and December lows."

So, I guess we could go higher or lower according to Doug

Wow...little defensive eh?

EW always gives both sides of the counts. I mock it because of this. Not you Mr. defensive.

It is only part of what I look at though and I'll put my track record of calling the gold markets against anyone's.

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

yeah whatever

it doesn't matter who you were "mocking"..the point is you did the exact same thing in the last post you had made to this thread prior to your reply above (where you called for a break of the 2013 lows of june and december but allowed for higher prices before that break lower.

Excuse me for getting "defensive" around hypocrites.

who vs. what

Sorry you take things so personally and have to call someone names rather than debate with professional courtesy like I gave you when I commented about your posts that receive negative votes. I wasn't going after you in my reply, but EW and it's "either or" aspect to things. Mocking EW is easy and I have written articles about its flaws.

But your confusion with what I say is not EW but simple TA. FIB's can simply extend. Hardly a "hypocrite" as you assume.

EW is something I keep an eye on and pay people to listen to what they have to say, but as I said, only a part of what I take into account and again, my track record I will put up against anyone's. But people like Prechter and Dent are over the top with their predictions.

If you are so good with what you say is going to happen, write articles for Seeking Alpha or Market Watch, write your own book, start your own blog.

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

Sorry you took it so personally

I guess it would be okay if I had said "Wow...little hypocritical eh", similar to where you said above "Wow...little defensive eh", instead of apologizing for getting defensive around hypocrites. Then I wouldn't be "taking things so personally" or name calling?

Name calling is calling someone an idiot or a moron or an a-hole or whatever. If the shoe I described happens to fit your foot, then it is what it is.

I guess you weren't going after me last summer either when you observed that I "seem to like to be right, or at least receive recognition for it" and pretended like you were above doing the same thing, even though virtually every post you make refers to some prediction in some article you posted elsewhere that was correct to some degree. I don't think I had ever addressed you prior to that, so again, excuse me for getting defensive when...ahem...someone finds fault with me (or someone else ... or something else that I refer to) for doing something that they themselves do. Is that better?

Oh, and I am not interested in writing articles or books or blogs. I have nothing to promote by doing so and, besides, a lot of my so-called analysis just picks up on what others have pointed out which I see value in. EW is not perfect, particularly in very shot-term time frame, and sometimes I call it something else which reflects its limitations. But generally I mostly just look at what others say and decide who is right, throw in a little of my own analysis, and decide what to do. Works well enough for me but not something to write books and articles about. Too much work.

Didn't realize I was "going after you"

last summer. But I do like to mix it up with people which I do on Seeking Alpha constantly. I do it mostly to see what I might be missing in my own analysis. In challenging others as to their thinking I want to learn that for which I don't know. Since I don't come here that often, I don't know all you have written, and unlike you have not gone back to see it, but have been on more frequently of late and that is what made me make my last two comments to you, one in the affirmative and the other to challenge EW (not you).

I'm not against promoting myself, lol. I have free will to do so and I hardly ever do if you notice how infrequent I post. I don't even put my website in my signature. That may change soon enough as I am going to become more visual and I've hired a company to do this for me.

Good defense of your post and comments Ron is for Real.


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