360 votes

>Gold $1,195 Silver $16.20 Platinum $1,215 Palladium $815 Dollar 90.00

............♘ 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

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.


Silver only tarnishes in the sense you've seen because most silver is sterling. Meaning, it's 92.5% pure, the other 7.5% is copper mixed in to give it more durability.

It is the presence of copper in the sterling that causes the tarnishing.

I've got a .999 pure silver round I received as a Christmas gift when I was young. I've had it for 20 years...and it's as shiny as the day I received it(cuz it's in a case and hasn't been touched either).

If you buy pure .999 silver, you won't have to worry about tarnishing. If you got pre 65' Constitutional silver, there will probably be some.






It usually comes sealed. Don't play with it. Store it in a safe or secret place like me. A safety deposit box is not a bad idea.

No one has deputized America to play Wyatt Earp to the world.
-Pat Buchanan

SteveMT's picture

No worries about that.

Use gloves when handling it, and use silver cleaner once every 20 years. lol.
What keeps it shiny is just knowing that you have it. Just get some, and you'll see that it shines just fine.

SteveMT's picture

Stock market reality check: dead volume

Dead Market Exhibit A: January Volume
Submitted by Tyler Durden on 01/31/2012 16:58 -0500

Presented with little comment except to say that the total lack of volume (and massive concentration of what volume there is at the close) is hardly reflective of a market that is anything other than broken and dying. Last January (2011) the average number of stocks traded on the NYSE per day was 891mm shares vs 661mm for this January (a 26% drop YoY!) and this is down an incredible 59% from January 2008.

As much as Richard Russell

As much as Richard Russell and the fictitious Tyler Durden may hate to admit or speculate, this is an election year, and Obama isn't about to let the stock market drop.

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

SteveMT's picture

At some point and who knows when that will be,...

all of the manipulating will fail to work any longer. That day is coming sooner rather than later, IMO. You're right, they surely will keep this thing propped-up until after the election, ... if they can.


Which will make for an intriguing year...and after the election, I pity whomever is at the helm... Of course I am doing all I can to have that person be Ron Paul.

I've been trading in and out of TBT and UUP. Currently long GASL too, which I picked up today under $34. Waiting for a pullback on USLV.

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

Silver coin sales hit record pace

"Less than one year after silver's breathtaking collapse from its record-setting rally, investors are again snapping up coins at an unprecedented pace, suggesting the white metal could leave gold in the dust."


SteveMT's picture

Super Bowl Sentiment - Inflation...: 1/30/12

Check out the graphs at link. For Super Bowl #1 in 1967, $12 would have bought you the best seat in the house!

Super Bowl Sentiment - Inflation And The High-End Consumer
Submitted by Tyler Durden on 01/30/2012 22:45 -0500

ConvergEx's annual analysis of Super Bowl economics shows that, when the time and place is right, prices can soar like a Hail Mary pass to clinch the playoffs. Yes, the face value for tickets is unchanged in the last year - $800 to $1,200. But the street price for a ticket to the big game will set you back at least $2,000, and the average ticket is running closer to $4,000. The good news, sort of, is that there has been no inflation for the “Cheapest” seats since last year, when they were also two grand. And that is despite a smaller stadium this time around (68,000 versus +80,000). A signal about the stagnating confidence of the high end consumer? Perhaps. But anyone wanting to attend had better be ready to pony up for hotels, airfare and rental cars that run 3-10x the usual prices for this time of year. In Indianapolis. The good news – next year’s game is in New Orleans. So even if street prices don’t pick up this week, we’re pretty sure next year will set new records.

More at:

fools and their money are

fools and their money are soon parted.

“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

The Coming Paradigm Shift in Silver

"The biggest problem for investors today in trying to forecast the future price of silver is the enormous amount of contradictory analysis on the Internet. There are bulls, bears, paper traders, physical buyers, technical analysts, hedge funds, commercial banks and silver manufacturers all trying to play a part in this highly volatile silver market. Trying to sift through the huge volumes of silver analysis on the internet can be extremely frustrating. In addition, some of this information is not meant to inform, but rather to confuse or mislead the investor."


Gold & Silver are both very stable elements.

Not sure exactly what a paradigm is, but I will give one wide berth if I see one up ahead. Mostly trouble with sand bars on the Mississippi. I have never seen a paradigm, let alone know what to do when one shifts.

Rest assured, Gold & Silver are very stable. Tis paper-money bet at the gambling casinos that exhibit the volatility you write of. That is the Fed Reserve Note or other debt-receipt cash bobs up & down. Not Gold nor Silver.


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

You should know Mister Twain...

That a paradigm is 20 cents!


It is so, what you write. Let us reflect.

Dear jhnmorgan,

Knowing & remembering might be a pair; yet, a pair takes few tricks.

I am not shy about my skill in math; yet, my math skill is shy.

Thank you for summing the dimes for me. Silver dimes, I trust.

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

KWN: Jim Rickards & Weekly Metals Wrap;1/28/12

Jim Rickards: Fed. Bond buying = QE = Gold/metals going up. "Everything is happening sooner than I thought." Iran/India China are bypassing the dollar and are using gold for oil. Bernanke & Geithner want to trash the dollar. "Strong country and weak currency is nonsense."


Metals Wrap: "There was a lot of pain in the short positions in gold and especially silver. The prices blew through resistance levels."


While I do think the dollar

While I do think the dollar will eventually be doomed, I think the Euro will collapse first, giving the dollar some temporary life support.

Also, take a look at Japan. Their debt is two hundred percent of GDP. Recently, they became a net importer, which means they have to borrow money from the foreign bond market. Until now they could count on their own citizens to buy government debt.

Keep in mind that Japan's population is aging and that a lot of pensioners will become net sellers of debt. The double whammy of increasing imports and a retiring population, combined with 200% debt to GDP, will eventually crush the Yen. Japan survives on extremely low interest rates. They only have to rise to 3% to cause havoc.

Don't get me wrong. The dollar is doomed and gold and silver will be great long term investments.

Just don't be surprised if the dollar looks good, at least for a while, when compared to other currencies.

I'm sure many of you are familiar with Mish Shedlock's blog. I highly recommend it if you are not.

“Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.” William Pitt

Since Gold was first discovered

it has been used as currency. A gold piece traded in antiquity would likely net you a nice suit of clothes, food and lodging, a decent bottle of wine and a bit of change.

That same gold piece today would likely fetch all of the above and change. Am I over simplifying the issue?

πολλα γαρ πταιομεν απαντες ει τις εν λογω ου πταιει ουτος τελειος ανηρ δυνατος χαλιναγωγησαι και ολον το σωμα

SteveMT's picture

Biggest Week For Gold In 3 Months:1/27/12

Biggest Week For Gold In 3 Months
Submitted by Tyler Durden on 01/27/2012 - 16:27

While Silver had a better week than Gold (+5.4% vs 4.3%), Gold managed its biggest gain in three months as the Fed's QE-ness seemed to separate the precious metals from other asset classes. Oil underperformed relative to the USD's weakness (-2% on the week in DXY) managing only a 1.3% gain (and ending below $100). Silver and Gold have no managed four weeks in a row of gains as the latter has more than retraced half of the all-time high sell-off range.

Doug Casey on the Collapse of the Euro and the EU

Little bit of reading on this one but well worth it imo. Let's not go the way Europe please. Ron Paul 2012!


And one worth watching if you haven't seen it before...

Nigel Farage Was Right!


"If we lose freedom here there's no place to escape to. This is the last stand on earth." -Ronald Reagan

When they took us off the Gold Standard they took away our money... in order to make it theirs. -OneTinSoldier

Good stuff


Fitch Downgrades 5 European Countries

Fitch Gives Europe Not So High Five, Downgrades 5 Countries... But Not France


My speculation is this is dollar bullish. I averaged down on UUP and B/E is at 22.07 now. Will be patient. Any deals with Greece that include and ECB loss should be dollar bullish despite the bad U.S. GDP numbers today.

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

Got out of UUP

at 20.14 today. $700 in a few days isn't bad. This really is a race to the bottom and there will be no winner but gold and silver. I do think between the U.S. Dollar and Euro, the dollar is the winner for the short term. Even with any agreement over Greece. Portugal and Italy are teed up and ready to be smashed.

In the meantime, I am back in TBT, hoping it will go lower to buy more. Waiting on the USLV pullback.

Afternoon edit: Got out of TBT at $18.50, plus $320. Will reenter tomorrow on pullback. This Greece deal needs to sort itself out over the short term, but I don't see anything lasting of course.

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

Gold and Silver also trade

inverse of the dollar for the last 40 years, although breaking away from it more now. I think the breakaway continues more after the election,and I see the Euro mess over the medium term to escalate big time, despite any short term Greece extensions to try to keep the game alive.

Here's what Mish has to say on the recent developments with Greece:

Greek Debt Solution Likely to Trigger Credit Default Swaps


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

From around 1985 to 1992, the

From around 1985 to 1992, the Dollar Index fell from 160 to around 80, a much larger drop than we've seen in the last decade. Silver did not trade inverse to the dollar during that period, it declined also.

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

I stand corrected

was trying to remember the chart from my book...it was 40 years for the seasonal pattern, and 20 years for the USD Index...

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


I'm long 5000 @ 22.11... to ride the Dollar Index back up over 80 again. Why? Because the Euro, which makes up 57.4% of the index, is toast. Same with the Yen. Together, these two currencies make up just over 71% of the index. By default, the dollar will benefit.

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

The system is about to fail.

For anyone wanting to know how serious the situation has become, take a look at the following site http://www.usdebtclock.org/
Currency and Credit Derivatives are a whopping 779,608,270,000,000 and growing every second.