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!
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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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What the 11 year Gold rally and its corrections teach us

NEW YORK (Commodity Online): Right now you need to understand that Gold is beginning the twelfth year of major bull market; perhaps the most unprecedented bull market in our lifetime. Here's a quick snapshot of what that bull market has looked like since the 1999 bottom and the 2001 retest of that bottom:
And from the point of view as an investor, this is about as beautiful as it gets. As I mentioned above gold is entering the twelfth year of its bull market and has posted gains in each and every year. Below I have listed gold's closing price on the last day of each year:

2000 -- $273.60
2001 -- $279.00
2002 -- $348.20
2003 -- $416.10
2004 -- $438.40
2005 -- $518.90
2006 -- $638.00
2007 -- $838.00
2008 -- $889.00
2009 -- $1096.50
2010 -- $1421.40
2011 -- $1566.80

More at: http://www.commodityonline.com/news/what-the-11-year-gold-ra...
Ps: There are some charts and technical analysis for those who do not care to consider fundamentals when investing.

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.
Friedrich Nietzsche

2.5 million ounces of silver wiped off the balance sheets for

next year. In a news release, Hecla said compliance with the federal order “is expected to take through year-end.” The company added, “Production is expected to resume in early 2013.”

As a result, Hecla revised its expected 2012 silver production to about 7 million ounces, down from 9.5 million ounces. http://www.spokesman.com/stories/2012/jan/11/hecla-stock-tum...

that drop in production is

that drop in production is due to the temporary closing of one of their silver mines

I think some people are going

I think some people are going to get blindsided soon.


... probably the same people who were blindsided at the end of april last year and again in late september.

kinda like the people who

kinda like the people who called for silver in the teens when it was at 27.00 then watched it go up to 49.00. The watched Gold run up from 1500.00 to 1900.00 and can only post.. "I can't belive this".. same people who ignore the blatant manipulation of the metals.. and on and on..

not really

the move from $27 to $49 took about 5 months, the move from $49 to $32 took about 4 days, and the move from $43 to $26 took less than 2 days. Another difference is I never said prices could not go higher, just that I viewed it as less likely, but once key resistance was taken out I knew it could continue and adjusted my strategy accordingly, and the market gave me plenty of time to do so. The only ones blindsided were the ones "ROFLMAO" when I told them to sell the day after the top.

...And the only thing I couldn't believe was how ridiculous it all was.

That was the best thing

I have heard all day.Not the blindsided part though.

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.

so could we say that the silver bugs

know the fundamentals haven't changed and actually are
more bullish than they ever have been just based on availability alone.....
Sprott is the man...

maybe ron_is or tx will figure out a way to magically change the fundamentals and teach us how what is staring us in the face is baseless and a conspiracy to think that there is any manipulation going on.

Humility is the cornerstone of a Warriors Strength.

Glad I got some Pandas.

Back when they were cheap."Man does not live by Eagle's alown".

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.

SteveMT's picture

US Mint Sells 3.2M Silver Eagles on 1st Business Day of 2012!

US Mint Sells 3.2 Million Silver Eagles First Business Day of 2012!!!
Tuesday, January 3, 2012

Did the US Mint just 'fat-finger' their Silver Eagle sales totals for the first business day of 2012!?!
On the first business day of October, we alerted readers that the US Mint sold an astounding 3/4 million ounces of silver in a single day.
Well, the US Mint shattered this total today, selling 3,197,000 Silver Eagles, nearly 10% of the 2011 record sales total of 39.8 million ON THE FIRST BUSINESS DAY OF 2012!!!

Gold Dealers

buy those coins and mark them up after getting a MS69 or MS70 grade on them from PCGS. They used to sell them as "First Strike" for twice their value until they got chastised for not being able to prove they were actually first strike. Now they sell them as "Early Release," marking them up big time. They then get their brokers to sell them as if they're special coins. They're not.

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

they sold the majority of

they sold the majority of those coins in December. They don't want the public to know that the demand for silver is still strong..

Melting Gold Coins To Reduce National Debt

"Man Says America's Debt Would Be Erased If Government Would Melt Gold Coins Into Bars, Sell Them To Other Countries"


SteveMT's picture

Are there any gold coins left to meltdown?

Come to think of it, does the U.S. have any gold left period?
The #1 item of President Paul's list of things to do:

Audit the Fed Reserve
Audit America's gold

SteveMT's picture

Montana Farmers Sue Corzine Over MF Global Futures

Corzine Sued by Montana Farmers Over MF Global Futures Account Money
By Karen Gullo - Jan 9, 2012 2:47 PM MT

Jon Corzine, former chief executive officer of collapsed commodity brokerage MF Global Holdings Ltd. (MFGLQ), was sued for fraud by Montana farmers who claim he oversaw the misappropriation of their commodity trading account funds.

The lawsuit filed today by three farmers and a cattle- raising operation in Montana seeks to represent a nationwide group of commodities futures customers whose money went missing amid the $41 billion bankruptcy of MF Global, parent of the futures brokerage that is being liquidated. A trustee is looking for $1.2 billion or more in money missing from commodity customers’ accounts.

Who Really Owns Your Gold Stocks?

Do you own gold and silver mining stocks? Or any stocks for that matter? Even if you say, "yes", chances are you don't really own them.

It is one of the dirtiest little secrets in the brokerage business. And 99.9% of people have no idea it is even being done to them. It's called "street name registration" and it's how the brokerage where you hold your stocks "registers" your shares. To save money and time, and to allow your shares to be included as assets that THEY can use to do what they want with, your brokerage never actually registers you as an owner of the shares.

Street name registration allows your broker to lend your shares to short sellers, thereby driving down the price of your own stocks. Additionally, this method allows your broker to “re-hypothecate” your assets–meaning it allows your broker to borrow money against your shares and speculate in the derivatives market!

These hidden risks are planting the seeds of tomorrow’s ultimate collapse – In which there may be a system-wide collapse of broker dealers, taking down millions of investors, and ensuring permanent non-recoverable losses to an entire generation!


SteveMT's picture

U.S. debt is now equal to economy

"The 100% mark means that your entire debt is as big as everything you're producing in your country," says Steve Bell of the Bipartisan Policy Center, which has proposed cutting nearly $6 trillion in red ink over 10 years. "Clearly, that can't continue."
By Richard Wolf, USA TODAY
Updated 2h 42m ago

WASHINGTON – The soaring national debt has reached a symbolic tipping point: It's now as big as the entire U.S. economy.

The amount of money the federal government owes to its creditors, combined with IOUs to government retirement and other programs, now tops $15.23 trillion.

That's roughly equal to the value of all goods and services the U.S. economy produces in one year: $15.17 trillion as of September, the latest estimate. Private projections show the economy likely grew to about $15.3 trillion by December — a level the debt is likely to surpass this month.

SteveMT's picture

European Banks getting Bailouts from Cash-Rich Firms

European Banks Now Get Loans From Cash-Rich Firms
Published: Monday, 9 Jan 2012 | 11:10 AM ET

Blue-chip names like Johnson & Johnson, Pfizer, and Peugeot are among firms bailing out Europe's ailing banks in a reversal of the established roles of clients and lenders.

They are also paying insurers and pension funds to take their illiquid bonds in exchange for better quality ones, in a desperate bid to secure much-needed cash from the ECB, which only provides cash against collateral.

In stark contrast, Europe's biggest companies are sitting on cashpiles that amount to more than $20 billion each in the case of BP [BP 44.0395 -0.0405 (-0.09%) ] and Volkswagen.

More at:

Old news. Silver has been

Old news. Silver has been moving backwards since the last few days of April 2011.

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


just like before

(btw, what does that video have to do with silver backwardation?)

Anybody remember this video from when silver was around $46?

Skip ahead and listen to what he says from 8:27 to 8:41, then go look at a chart.

SteveMT's picture

Treasury dumping, say it ain't so.

Record Consecutive Treasury Dump From Fed's Custody Account
Tyler Durden's picture
Submitted by Tyler Durden on 01/06/2012 17:25 -0500

...banks from around the world are repatriating dollars. The question is what they are converting the USD into, and how much longer will the go on for: the last thin the US can afford is a wholesale dumping of its Treasurys. Because as the chart below vividly demonstrates, the traditional diagonal rise in foreign holdings of US paper has not only plateaued, but it is in fact declining: a first in the history of the post-globalization world.

Silver Shortage...Say it ain't so

It appears that our friends over at zerohedge have a nice little piece for all the silver bugs out there.


Humility is the cornerstone of a Warriors Strength.

I'm not sure

where the silver shortage is...I have no problem with supply and have been doing some 6 and 7 digit sales consistently without issue.

Anyone who pays 30% premium for Sprott's PSLV isn't getting such a good deal eh? Just sayin...

Haven't posted here in awhile about gold. Hi SIERRAHPBT and SteveMT...

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

But anyone who SELLS PSLV for

But anyone who SELLS PSLV for a 30% premium is getting a great deal. No doubt short sellers have their eyes on PSLV...

(ps, PSLV has been at a premium for many months now, almost half a year I believe)

Why Premium Concerns for PSLV Are Overblown
(article dated April 24, 2011)

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

I would sell

if I owned it and buy physical. That's a no-brainer. But for anyone to buy at a 30% premium is just nuts.

I do find that most don't do their homework when buying gold though. Heck, the gold dealers who sell numismatics charge 30%.

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


i love this post

Humility is the cornerstone of a Warriors Strength.

the bitch is back...lol

ann barnhardt again... I think this woman is more man than the men I know... lol...

either way enjoy to those who want it.


Humility is the cornerstone of a Warriors Strength.