357 votes

>Gold $1,216 Silver $17.79 Platinum $1,333 Palladium $809 Dollar 84.80

............♘ 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 19,500 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.

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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SteveMT's picture

Paper metals: Silver EFTs remain strong while gold ETFs tumble.

The price of both continues downward as the dollar index rises.
The silver paradox
Demand remains high for silver ETF exposure as 'someone' is aggressively unwinding gold ETF positions.. and yet the prices for both are falling rapidly.


Darkest before dawn

It's darkest before dawn.

The open interest in silver market at these criminally low prices is extremely high. Back of the paper market will have to be broken very soon. And/or a hot physical war (like literally World War III) will break out, if more criminal suppressions are attempted to keep paper market alive.

If you bought metals @ higher dollar prices, but are holding them physically in your hands, STOP fretting. In such case, stop calculating your holdings in dollars. Count in ounces.

Unless you have urgent obligations in dollar terms (college tuition payment, medical emergency, whatever), DO NOT look back doing calculations in dollar terms and second-guess yourself asking "what if" questions. Unless you bought physical metal on margin, are underwater, and are under dollar payment obligations due to this, exact same statement applies. Spend your energies on protecting those physical ounces instead.

If there are urgent dollar based obligations, or you were speculating buying physical metal on margins & are left underwater: Simple question is, why did you buy physical under such circumstances? Holding physical metals is not supposed to be a risky speculation activity, it's supposed to be pure money/savings in the hand in ounces. The paper/physical price divorce & lack of true price discovery implies that doing speculation in this "lack of market" is a fool's game. The inherent risk in such activity is therefore implied & should be assumed by the speculators without fretting over it.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!

Super-Rich Buy Gold

The super-rich are looking to protect their wealth through buying record numbers of "Italian job" style gold bars, according to bullion experts.


DJP333's picture

Elementary my dear Watson!

"The number of 12.5kg gold bars being bought by wealthy customers has increased 243% so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost."

So that's why the price of gold sucks, because in this fairy tale, central banking controlled, manipulated economy when you buy more of something prices go down!!! Brilliant!

"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."

I must be the only

I must be the only gold/silver buyer who LOVES to see lower prices. If people buy a little at a time on a regular and consistent basis, price should never be a concern.

“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

DJP333's picture

Me too John C

I am surely going to visit the coin dealer this weekend! I don't really care what the price is or what people say about the possible "lows". I know that gold/silver is valuable, is real money, and has been treasured for many thousand years. If the big crash doesn't happen, and the bankers can keep manipulating everything, I care not in the end. I will enjoy my life, hold onto my coins and then, someday, my kids are going to get some really f-kin cool presents.

"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."

Right on. That's my plan as

Right on. That's my plan as well.

“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

Gold/Silver ratio is now 68+.

1215/17.85 = 68.07

Whoa!!! GSR penetrates 68! 4 year high!

We are at sub 18/oz.

Let the shopping spree begin!

SteveMT's picture

PMs Liquidated To Make Room For Alibaba, Silver At Four-Year Low

Precious Metals Liquidated To Make Room For Alibaba, Silver At Four-Year Lows

What makes us think this is BABA liquidation (obviously tongue-in-cheek but the timing is odd...)


Let it RIP!

Let it RIP!

Wowow: Right now (0953 PST)

Silver's spot is at $17.99. That's been the lowest since I started trading (2010).


If you don't know your rights, you don't have any.

DJP333's picture

The bankers want YOU

out of gold and silver. They will surely persuade people by doing this. Me on the other hand, I may go visit my local coin shop for a chat.

"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."

You would think 3 years into

You would think 3 years into a metals bear market the gold bugs would have given up by now, but nope, they are still waiting.

SteveMT's picture

Do you think that the magical strength of dollar is involved?

Just asking if there is any relationship whatsoever between the relative value of the dollar and commodities?

DJP333's picture

Yeah because

The price of gold and silver are in direct correlation with demand and supply. Um, NOT. Russia, India and China are still loading up on gold and silver. That is a fact. Silver industrial demand is reaching new highs in 2014. Fact. The law of demand and supply cannot be railroaded forever buddy.

"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."

new lows for silver, rally set to begin

Silver has finally broken to new bear market lows this morning. With sentiment as bearish as it is, once all the stops have been taken out, I would expect a low to form in the next few days and the counter-trend rally that I have been anticipating to begin. It may already be underway, as silver spiked below $18 and rallied back above it. Either way I am out of my short position and awaiting higher prices to re-enter.


My silver purchases this year still up over 60%...


(not that I even care about the fake fiat prices)


“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

well done

but while you can call those "silver purchases", it is not the silver that is up 60% but the premium buyers are willing to pay for that particular mintage. You paid a hefty premium over spot for those coins, and if you sold now you could get an even bigger premium. If you are tuned in to what collectors will (over)pay for then great, whatever works for you, but the rest of us have to figure out where the underlying price is headed.

I think I paid $2.99 per

I think I paid $2.99 per ounce over spot at the time...in line with the new silver eagles.

The whole point is that if you're smart in what silver you buy, you can buy semi-numismatics for a couple bucks over spot when they come out...and the premiums jump in the following years.

By the way...with your paper trading...don't you have to be tuned in to what others are willing to (over) pay?

“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


I think I wrongly overestimated the premium you paid. $2.99/oz is not bad, but still your (unrealized) gains appear to be in the premium, which was my point (and your point is that if you buy the right coins you can achieve those kinds of gains in premiums even in spite of spot prices).

So it's a matter of what what works best for you and what works best for me. Yes, in trading I need to be in tune with what others are willing to pay (market price, manipulated or not), and I can do a fair job of that, but I don't know anything about numismatics or picking coins. You seem to do a fair job of picking coins so I guess stick to what works (until it doesn't).

You use the phrase "until it

You use the phrase "until it doesn't"...and that's exactly why I wouldn't keep any wealth in paper or electronic form. The FDIC has already spelled out their plan for when the system goes...


That's an eyeopening read.

Here's more...


Then on top of that, you have recent SEC rule changes regarding money market accounts. They are now saying that if the system starts breaking down, you won't have access to your funds. So, basically all funds in your brokerage account won't be able to be touched.


It's just beyond me at this point why you guys keep trashing gold/silver when the government has already spelled out in their own documents what they are planning to do.

“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

Final flush out this morning.

Final flush out this morning. Time for call options.

You've been saying that for 3 years....

There is no final flush.
The flushing goes on continuously.

so close!!!

If you hadn't said "this morning" (yesterday, before silver dropped another 60 cents today) and hadn't suggested call options to play a counter-trend bounce, I'd be inclined to give you credit for breaking your 3 year streak of wrong predictions. But still, close!

didn't get my position filled

didn't get my position filled till this morning. Remember a week ago you said now the counter trend rally begins. You were off by a whole dollar or more.. Hypocracy... lmao.

wrong again

I said no such thing. Read it again http://www.dailypaul.com/comment/3484232
You still won't understand it, so hire a 4th grader to read it and explain it to you. (Hint: look up the word "approaching" in the dictionary for a clue to understanding the rest of the post)

I'm quite comfortable...

I am not so smart but I do trust Ron's judgement...and therefore I am cool with everything. Seriously.

"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 know major allies who fund them" Gen. Dempsey



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.

DJP333's picture

And I am confortable with that comment

Seriously. I trust in the things I have learned from Dr. Ron also.

"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."