360 votes

>Gold $1,180 Silver $15.60 Platinum $1,180 Palladium $810 Dollar 89.60

............♘ 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
Silver, Gold & Currencies Revalued Overnight - Mike Maloney
provided by mauip3
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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I wasn't attempting to be "nice"

Nor did I claim to be writing positive, uplifting comments to "help" people. This is the first day I have commented on this particular thread -ever- and I have been a DP member for over four years - so don't go pointing any fingers at ME after your months of rude,negative, arrogant performance on this particular thread.
Your intentions, manifest in your written words, for many days past, speak loud and clear - they are not hard to interpret. Neither are mine. I fully intended to be confrontational with someone who deserves to be confronted about their rude behavior. The difference is I do not attempt to mask my true intentions - you do, though not very successfully.
PS - My comments are not about the metals yet you keep trying to discuss them with me. I am not a serious gold/silver fan, scholar, or investor so stop beating your metal drums in my ears. The ups and downs of silver are not relevant in this exchange as money is not my interest nor the topic - manners are.
I hope you spare a response full of accusations towards me, excuses for yourself, or brags about how smart you are but alas, knowing you - which I do _ I'm sure you will insist on having the last word. Go for it. It's yours. I'll not deny you that egotistical pleasure. But rest assured - I (as well as others) do know you much better than you think. You're a classic. LOL

Wow. You just raped Ron_is

ahahah. Wow. You just torn that little boy up. Keep up the good work.

He won't start his own thread because his goal is to subvert and annoy. My best guess is that he is some punk college kid who thinks he knows everything after Econ 101. The arrogance and disrespect that spew from his keyboard is quite repulsive but everybody else here has just learned how to skim over their Krugman-like posts and try their best to enjoy this thread.

Keep up the good fight my man!

"A living Constitution is a dead one" -Ron Paul

SteveMT's picture

24% 1-day increase in Greek 1-year bond: now 528%?

VALUE: 528.384
Greece Govt Bond 1Year Yield (GGGB1YR:IND)

+ Add Security to your Watch List
Summary One-Year Chart INTERACTIVE CHART
Value 528.38 One-Year Chart for Greece Govt Bond 1Year Yield (GGGB1YR:IND)
Change 24.323 (4.825%)
Open 504.46
High 529.69
Low 504.46

Why? Here is a guess:

Funds found to help Greece's homeless
Tuesday February 7, 2012

Greece is to spend 800,000 euros on housing and feeding homeless people amid concern about the growing number of people living on the streets of Athens and Thessaloniki in wet and cold conditions.

Health Minister Andreas Loverdos announced on Monday that 400,000 euros of public money would be given to the City of Athens and 100,000 to Thessaloniki Municipality. Another 300,000 is to be given to the Church of Greece so it can keep up its soup kitchens. The Church says it feeds some 250,000 people, not just the homeless, every day.

The two municipalities are to spend the funds on renting hotels in the two cities that can house homeless people. Deputy Health Minister Markos Bolaris said one hotel in Athens had offered to provide rooms for 3 euros per night.

Bolaris added that a ministry team is working on a draft law to legally classify homeless people into several categories, including those sleeping on the streets and those who live in substandard properties.

SteveMT's picture

Bernanke should testify more often.

Platinum catching back up to gold, now only $100 lower.

SteveMT's picture

Bernanke testifying before the Senate, metals going up again.

Ben's Open Mouth Is (Still) A Goldbug's Best Friend
Submitted by Tyler Durden on 02/07/2012 10:32 -0500

Five days ago, when Ben was talking before congress, gold soared as soon as the Chairman opened his mouth, hitting +$15 in minutes. Sure enough, Ben's open mouth is once again a gold bug's best friend, with gold jumping by a nearly identical $14 in the 30 minutes since the Senate version of Bernanke's testimony started today. Keep talking Ben, keep talking... And just wait until Ben starts printing again, to match the ECB's imminent second LTRO.

Bernanke Testimony To Senate Live Webcast
Submitted by Tyler Durden on 02/07/2012 10:10 -0500

While Bernanke's prepared remarks to the Senate today will be identical to those given to Congress last week, the Q&A session will be different. One notable difference will be Bernanke's take on the "huge jobs number" which was not public last week. He will likely be put to task to answer if and why he still expects QE when the economy is supposedly improving (on the back of a collapsing labor force, yes it makes no sense, don't ask us). We wonder what his non-answer answer will be to that one. Also we wonder if like last week, when answering Congressman Flores, he admits that the ECB collateral certification process is much better than that of the Fed when it comes to issuing cash under the discount window.


So within the next 6-8 weeks I should be able to start seriously investing in PMs, most notably silver...but I was wondering what people here think about metals such as Palladium. I mean, I'm sure diversifying couldn't hurt, but frankly I can't picture it doing me much good should SHTF.

A signature used to be here!

SteveMT's picture

Silver is not as portable as gold.

Think of silver as your checking account and gold as your savings account. I like palladium, and I got into some when it was $240. I would hold off on buying palladium now, especially if you are new to the market, IMO. Get some silver or gold. Palladium is not as accepted as silver or gold is. Think Founding Father, Constitution metals at this point.


Yeah, my prime concern about Palladium is how many people would actually accept it as payment.

I keep hearing about what a great time it is to invest in silver, though everyone I speak with seems to have a different take on the subject. Personally, I'm not looking at silver as some sort of get rich quick scheme like a few of my friends are, I just want something that isn't paper.

Gold is going to be my main PM for the time being, though.

Either way, they're both better than FRNs.

A signature used to be here!

In about 6-8 weeks, should be

In about 6-8 weeks, should be a good time for serious SPECULATING in PM's. If the SHTF you want food, water and shelter. If you have excesses of those, you'll be able to trade for PM's, if that's what you want. Personally, I tried eating Silver once, its not very easy on the digestive system, not to mention low in nutrients and hard on the teeth.

If the SHTF you'll find that essentials gain tremendously in value against metals.

"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence


I've already set aside funds for food and other necessities, so I'm pretty much all set in those areas (except power generation...but I'll probably end up throwing something together).

A signature used to be here!

Funds are not very tasty

Funds are not very tasty either...

"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence



Nah really though, as far as crops, canned goods, ammo, etc etc I'm all set. PM are what I saved for last since I ran out of money around mid 2011.

A signature used to be here!

Silver at $140 USD possible but not likely

Prices over here for Silver and Gold have not returned to the highs of 2011.

Speculation is just that- depending upon the person writing the story it is a guess.

Earlier in 2011 MooseCalls was saying AU would reach $2000/ounce by December 2011. It didn't.

The 321Gold author was saying Gold was dropping for good.

Schiff said "don't sell".

One wonders about how and when to sell or buy. An opinion about purchases or sales based on an article read on the internet should be, "who is telling me to buy or sell and what product is he promoting?" The first story above is from Rick Santelli who was the man that demanded a "tea pawty" (to use his accent) back on 2009 which "inspired" the phony tea party movement in the US. Incidentally, the tea party cause is regarded, at least in the UK, as a laughing stock of political imbeciles.

Silver price has

Silver price has substantially exceeded a 76.4% retracement of the November-December decline, this retracement level being around $33.45. As such, a 100% retracement should be expected, and that's what I'm betting on.

That would put price back around the $35.65 area, which is where the declining upper trendline is at currently. Strength indicators have been declining since price reached $32.20 Friday 2 weeks ago (20 Jan). Price is within range of a spike up to the $35.65 area with the release of todays economic reports. Its possible there's not enough strength to make it there...

An Elliot Wave 5 wave pattern is also completing. Currently price is at one of those obvious points, its about to drop. Trendline resistance, previous high resistance, indicators diverging, completion of chart pattern...all signs of a top at hand.

And then there the COT's...

"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

SteveMT's picture

Will Five major US banks go Under very soon???

January 31, 2012
Jim Sinclair: ISDA to determine this week if five major US banks go insolvent
Kenneth Schortgen Jr
[Audio of interview at link.]
In what might be one of the most important credit events about to occur in the history of the financial world, the International Swaps and Derivative Association (ISDA) is expected to make a decision as early as today on whether five major US banks will go insolvent according to Jim Sinclair in an interview on January 30th.

The ISDA is one of the most powerful monetary entities in the world, and in many cases according to Mr. Sinclair, has more power than governments. It's dominion spreads throughout the entire banking system, determining whether one or more of the nearly $1 quadrillion in derivatives and credit default swaps are paid out to holders in the event of a bank, sovereign nation, or securities default

SteveMT's picture

"Bernanke Has Become A Gold Bug's Best Friend?"

Ben Bernanke Testifies On "The State Of The US Economy"
Submitted by Tyler Durden on 02/02/2012 - 10:03

Federal Reserve Board Chairman Ben Bernanke will testify at House Budget Committee (Chairman Paul Ryan, R-WI) full committee hearing on "The State of the U.S. Economy."

A Gold (And Physical Platinum) Bug At The Fed?
Submitted by Tyler Durden on 02/02/2012 - 11:31

SteveMT's picture

US Adds $120B In Debt Since Debt Ceiling Hike On Friday

US Adds $120 Billion In Debt Since Debt Ceiling Hike On Friday, $310 Billion More On Deck In Next Two Months
Submitted by Tyler Durden on 02/01/2012 - 19:22

Remember when the US hiked its debt ceiling on Friday courtesy of a formulaic 52 affirmative votes in the Senate, giving the Treasury $1.2 trillion in dry debt powder to attempt to grow the economy one more time according to the algorithmic fantasies of voodoo priests with pieces of Ivy League parchment on their walls? Well, two days later, the dry powder is less than $1.1 trillion. In other words, in the past two days, total US debt increased by $120 billion, along the lines of our expectations, as the Treasury filled up all the G-fund cash it had pillaged to continue issuing debt throughout the month of January even though it was formally above the debt ceiling.


What About Correlation btwn DJIA and Gold/Silver?

It's been going on for years now. Metals drop when the market drops and dollar gets stronger. Metals bulls should be hoping for the stock market and economy to keep going up.

SteveMT's picture

Soon, it won't matter what they do.

The printing presses are still working overtime. Eventually, the dollar will be destroyed. What choice in each of these pairs makes the most sense?: Stocks versus metal or paper money versus metal.

It's Contradictory

Warning about a stock market decline while warning of currency hyperinflation seems contradictory. Zimbabwe had the "best performing" stock market in the world for years in normative terms. It went parabolic as the currency became inflated.
If I were expecting a stock market decline I would not want gold/silver as long as the correlation between stocks and metals continues to operate. On what basis should anyone expect this apparent link between prices to end anytime soon? (I don't doubt that at some point prices will eventually diverge, but why now?)

SteveMT's picture

"On what basis" did the crash of 2008 occur? No warning by MSM!

Trying to get out of the stock market, if the same thing occurs, will be too late. Cash is still the short-term king, but for how long? As the world turns away from the dollar, watch out. Trying to buy metal, when there is a run on the banks and metals markets, will also be too late, bro. Try and think ahead is all that I'm saying. Advice to toss or keep, whichever you wish.


Housing and the Dow were correlated for years too and look how that turned out.

I will buy the Dow when the Dow/Gold ratio is 2:1

"A living Constitution is a dead one" -Ron Paul

Silver Powering 20 Million Homes as Glut Subsides

"Record industrial demand for silver and resurging investor interest is diminishing a supply surplus, driving the metal used in everything from solar panels to batteries into its best start to a year in almost three decades."


Does anyone have

any good sites to buy gold/silver? Kind of new at this so I need some help finding the best sites. Thanks.

gainesvillecoin.com has way

gainesvillecoin.com has way better prices than apmex, hands down.



How do you store your physical silver

I think I want to get some physical silver. How do you guys store it ? I understand that silver, unlike gold, tarnishes with time right ? How do you prevent that, etc ?