355 votes

>Gold $1,335 Silver $21.35 Platinum $1,505 Palladium $870 Dollar 80.10

............♘ 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!
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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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Price pattern is positioned

Price pattern is positioned for a sustained decline in the coming days, leading price down around the $24.20 area. Violating the 2008 high would be the "death kneel" for silver price...

From sandy Glemis Dunes California, Happy Thanksgiving, TxRedneck.

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

i don't even know if euro banks have anymore commodities to

unload.. they have been in trouble and selling for months. us dollar is obviously crowded.. if they had half a brain they would start to think about leaving. if i had a lot of us dollars i would be buying commodities with both hands

Decline in Commodities Is 'Artificial': Jim Rogers

"The recent decline in commodity prices have little to do with fundamentals and everything to do with the collapse of brokerage firm MF Global, says renowned investor Jim Rogers, who described the sell-off as artificial."


This is exactly what is

This is exactly what is happening. It is not Elliot wave, or deflation or that bs. MF is a financial 911.
I sure hope you folks are ready for this. China and every other country you can think of is buying gold and silver hand over fist. Ask your self? What do they know that I don't?

China knows what EVERYBODY else knows,

that is why they are buying like most everybody else is buying. Maybe you should be asking if gold and silver are such a no brainer, WHO would be SELLING to China and every other country at such discounted prices that they can buy "hand over fist" without driving up the price, and WHY would these sellers be selling instead of buying? "What do they know that I don't know?"

The way you mention Elliott

The way you mention Elliott Wave here, as well as in many past post, shows you don't even know what Elliott Wave is.

And you are correct, Elliott Wave does not CAUSE any of this. But that being said, you saying "It is not Elliot wave" is a bit of a joke when you so obviously don't even know what Elliott Wave is.

As far as this sell off being artificial, looking at a chart it doesn't look to artificial. Looking at buy and sell prices quoted at dealers for coin, it doesn't look to artificial. Looks quite real to me.

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

tx.. let me ask you a

tx.. let me ask you a question. I have asked this question for 4 years here. What happened to Homestake mining in the 1930's during that huge deflationary depression.None of you so called ellioticians has ever answered that. And why would that mining stock do what it did? I have studied elliot wave for probably 15 years. My grandfather and I discussed it at length. Especially since my grand father lived through the Depression I was always wanting to learn about those times, what he did and how he survived. Yea I got the prechter note that silver would be down to 1.00 and gold down to 130.00 dollars an ounce when this big "deflation" hits. Now as I studied what Ron Paul has said about an inflationary depression and branched out and did not take that pigheaded approach that Prechter is right period like you and a few others, as I studied I realized that Prechter is partly right. Yes I believe the dow will be down to 800. Yes I believe that todays 500k house will be able to be bought for 25k in the not to distant future. But silver at 2.00 and Gold at 130.00? No way. Also I do not buy the BS of hyperinflation hitting after the deflationary collapse. Why would hyperinflation hit after a deflationary collapse. At that point the systenm has been cleaned out of the mal investment. there is no reason to hyperinflate. Just answer the one question. What happened to homestake mining during the 30's deflationary depression?
That is your answer.

During the 1930's the US (and

During the 1930's the US (and world) was under a gold standard. All credit was payable in gold. There was an enormous amount of credit outstanding, payable in gold. But there was not enough gold to pay all the credit, FAR FAR from being enough. There was not enough to pay all debt (gold certificates and other gold demoninated bills) here at home nor abroad. So they called in gold FOR US CITIZENS, alleviating the problem domestically. Then to HELP alleviate the foreign gold outstanding, FDR devalued currency by 75%, by increasing gold price by the same (and increasing the profits of miners). FDR devalued currency abroad, without devaluing the dollar at home since it was no longer backed by gold here. This helped but still there was not enough gold. The period of the 1930's was a period of GOLD SHORTAGE. Hence gold producers made out quite well even during the deflation, because gold producers were actually producing MONEY, and FDR increased their profits instantly by 75%. It should be noted here also that the credit created gold shortage was not exclusive to the US, but the gold shortage was instead a world wide shortage, a worldwide credit collapse caused by not enough gold to pay all the gold backed debt. The gold miners additionally benefited from a fixed selling price, and falling production cost. All other manufacturing suffered falling revenue along with declining production cost. A large part of Homestake's share price/dividend came with the fixed price being raised to $35, while production cost still remained low. Money manufacturing (gold) benefitted greatly from Government in the 1930's. Today the money manufactures also benefit greatly from government, but the money manufactures today are not the gold miners as they were in the 30's.

But today is quite different. Today there is ZERO gold owed for any of the outstanding credit. Outstanding credit is at an extreme today, just as in the 1930's, but no gold is owed for any of it. Little pieces of paper (not only US dollars, but also Euro, Yen, ect ect) are promised for the credits outstanding, and just as gold was in 1930's, there is no where near enough of those pieces of paper printed to make good on the outstanding debt. During the credit collapse (deflation) gold mining shares will not enjoy the gains they did in the 1930's because, unlike the 1930's, the current credit expansion does not create a gold shortage since none of the credit is promised in gold.

The gold producers actually increased after the bottom of the credit collapse, because so much money (credit) had been wiped out. There was a shortage of money due to the deflation. There still needed to be money in gold to satisfy foreign trade, even after the gold confiscation. But today this is not the case. Today at the bottom of the credit collapse there will be shortage of those little pieces of paper, and at the deflationary bottom, THOSE PIECES OF PAPER will be what is produced, just as gold is what was produced at the bottom of the last credit collapse. The difference of the two is that paper can be rapidly produced by simply adding zeros to the bills, whereas no such thing can be done with gold. This time at the bottom of the credit collapse (deflation) hyperinflation is a danger, depending on what governments DO.

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

and there is no GOLD SHORTAGE

and there is no GOLD SHORTAGE today. come on dude. FDR didn't devalue the dollar here? Its not even worth debating your post. How many claims are there for each ounce of physical gold and silver? But there is no shortage?

Ed Viera said that if FDR had floated the Gold/Silver Ratio

FDR could have solved the currency crisis.

At 38 minutes

Free includes debt-free!

Quite a rebuttal you present

Quite a rebuttal you present here.

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

I will be donating to Ron Paul on Dec 16th with help from this

I will be donating to Ron Paul on Dec 16th with help from this http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=150704398118 2008 RON PAUL .999 Silver Liberty Dollar $20 NUMBERED HALLMARKED #458 of #1000

Turn Copper into gold http://UgetGold.com and see what it is all about!
You will need it if we dont get a President!

That's sweet.

I'll check back on it when time is near.But I bet by then all I'll be able to do is wish.

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.

When Gold is a Blessing

"This week, as you count your blessings at Thanksgiving, be thankful for the benefits you are enjoying from the physical gold and silver that you own. "


SteveMT's picture

Agree w/you. Owning silver is no turkey.

The silver market is a turkey, but not silver itself.

Silver is more than the price of what gold use to be! That fact speaks volumes about what the banksters have done to our money.


for the post.Happy Thanksgiving!

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.

fireant's picture

Name a market that HAS integrity; now that would be news!

good interview.

Undo what Wilson did


http://market-ticker.org/akcs-www?singlepost=2790911 Panic setting in. I'm Glad we like the phyzz.

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.

stackity stack

we are getting so close I can taste it. If we make it
without a sudden stop market before year end I would be surprised, by march I would be shocked. The snowball is getting bigger everyday..

Humility is the cornerstone of a Warriors Strength.


Isn't it.And I thought all was lost when Evil Knievel retired.

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.

I.M.F. Provides New Short-Term Credit

they are going to save the EURO!!

hourray ... rally?

WASHINGTON – The International Monetary Fund on Tuesday announced a set of measures designed to “bolster the flexibility and scope” of its emergency programs to aid nations that may face liquidity problems.


IMF is fishing for suckers, hoping to set the hook.

Beware the Repo man!

Free includes debt-free!

Middle East is going down the toilet

Oil up, stock down?, energy inflation? security uncertainty... looks like bullish for gold.

check this report on military events from last days :


gunboat diplomacy is in full spate in the Mediterranean and Persian Gulf. Washington is underscoring its military option against Iran's nuclear program, while Russia is demonstrating its resolve to prevent NATO attacking Syria after Libya and defending Bashar Assad's regime. Monday, Nov. 21,

Russia's foreign minister Sergey Lavrov accused Western nations of "political provocation" by urging the Syrian opposition to refuse to negotiate a settlement with Assad.

Turkish Prime Minister Tayyip Erdogan, for his part, advised Assad: "You can only continue with tanks and guns to a certain point, the day will come when you will go."
debkafile's military sources note that Russia and America adopted aggressive postures on Nov. 12, when two American carriers, the USS Bush and USS Stennis sailed through the Strait of Hormuz side by side and took up position opposite the Iranian coast.

That was also the day when a mysterious explosion at the Revolutionary Guards base near Tehran wiped out the entire leadership of Iran's ballistic missile program.

Five days later, on Nov. 17, the Syrian news agency reported three Russian naval vessels on the Mediterranean were heading toward Syria.

Monday, Nov. 21, presidential sources in Damascus announced three warships had entered Syrian territorial waters outside Tartus port.
Those sources stressed the Russian ships would not anchor in the Syrian port, indicating that their mission was not just to show the flag for the Assad regime but was on operational duty along its coasts to resist any foreign intervention in Syria unrest.
Our military sources are watching to see whether the Russian flotilla targets the small craft transporting arms from Lebanon and Turkey to Syrian rebels fighting the regime. If so, Moscow would be able to present these strikes as actions against piracy which would fall under a UN Security Council resolution.

While Moscow and Damascus kept the identity of the Russian warships dark, Arab sources said at least two of them are equipped for gathering intelligence and electronic warfare.
As the Russian warships entered Syrian territorial waters, Canadian Defense Minister Peter McKay announced that in the light of the Syrian crisis, the Royal Canadian Navy would keep back in the Mediterranean until the end of 2012 certain vessels which took part in the Libyan campaign.

debkafile's military sources report he was referring to two frigates:

HMCS Vancouver will stay in the Mediterranean Sea until early next year," he said, taking part in "locating, tracking, reporting (and) boarding vessels of interest suspected of international terrorism." It would be relieved by HMCS Charlottetown until the end of 2012.

Defense Minister Mckay explained: "…a lot of dictators are on notice that this type of behavior isn't going to be tolerated. How we go about it and what comes next is done on… an escalating scale before making any final decisions about intervention."
The Canadian defense minister was the first prominent Western official to admit the possibility of Western military intervention in Syria. [...]

SteveMT's picture

You are right! There is decreasing oil demand.

That means that more wars are likely to get the use back up again.

Look are this:

General Maritime Files for Bankruptcy Protection With $1.4 Billion in Debt
By Phil Milford, Tiffany Kary and Alaric Nightingale - Nov 17, 2011 11:38 AM MT

General Maritime Corp. (GMR), the second- largest U.S. owner of oil tankers, filed for bankruptcy protection from creditors after falling oil demand and a surplus of ships led to two years of losses.

The New York-based company listed assets of $1.71 billion and debt of $1.41 billion today in a Chapter 11 petition in U.S. Bankruptcy Court in Manhattan. Lender Oaktree Capital Management LP agreed to make a $175 million equity investment and a group led by Nordea Bank Finland Plc will provide as much as $100 million in financing to help the company through reorganization, General Maritime said.

“There will be others joining them” in bankruptcy, Nigel Prentis, a London-based analyst at HSBC Shipping, said by phone today. “If you look at the listed universe of tanker companies, you are seeing their share prices have just collapsed this year. The stock market has given up on them.”


Today, Comex Expiry is out of the oven. Done.

And to all stalwart Daily Paul friends, a festive Thanksgiving.

Turkey, stuffing, yams, cranberry sauce...

To all foe (if any), hope you feel better after Thanksgiving.

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

Fein Silbur

She is a kickin ze ass, and takin ze names. ;)

Alert! All wayward ship report to safe harbor... via eMail! Now!

CFTC redefines "Safe Harbor." Now, technology has advanced to the absurd faith and confidence level that a mere eMail consitutes "Safe Harbor" entry.

CFTC Letter [Request of "Safe Harbor" via eMail], November 18, 2011

CFTC’s Division of Market Oversight Issues Letter to Market Participants Requiring Compliance with New Large Trader Reporting System for Physical Commodity Swaps and Swaptions

Division to Provide Temporary and Conditional Safe Harbor for Less than Fully Compliant Reporting [Less than sea worthy. Storm is a coming.]

Washington, DC – The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) today issued a letter to market participants requiring compliance with the new large trader reporting system for physical commodity swaps and swaptions. Clearing organizations and clearing members must begin reporting under the new system on November 21, 2011, and the Division requires fully compliant month-end open interest reports to be collected beginning September 2011 through February 2012 and submitted to the Commission by March 20, 2012.

The Division is providing a temporary and conditional safe harbor for less than fully compliant [... Badly weather beaten & poorly repaired ships] reporting as it launches its XML-based large trader reporting system for swaps. This safe harbor is only for market participants [Under tow by government bailouts, privileges, royalty payments...] & making a good faith effort to comply with the new rules. Because this is the first time that swaps data is being collected on a systematic basis, this temporary relief is intended to provide sufficient time for the industry and the CFTC to transition to fully compliant reporting by March 20, 2012.

Parties relying on the safe harbor must also submit an e-Mail to the Division for its review that includes information on arrangements being made to come into full compliance with the rules, as well as the expected date of such compliance.

[New & improved eMail backed, Faith Based "Safe Harbor." The XML edition. See your casino for details.]

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

Hey, Mr. Twain. Welcome back.

Glad to see you back here again.

Where is takeaction?