356 votes

>Gold $1,295 Silver $19.45 Platinum $1,430 Palladium $865 Dollar 82.05

............♘ 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!
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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An illusion?

Say it isn't so! :-)

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




SteveMT's picture

Dollar droop happening at the moment.

Prescience = SIERRA.

there is no manipulation.....

fireant's picture

Bear Trap About Over?

For the past 2 years or so, I've been posting my wonderings if gold is not in a classic bear trap since the highs of 2011. It appears to me the moment of truth is nigh. Escape from bear traps are often meteoric. Don't be left in the gold dust.

Undo what Wilson did


I like Martin Armstrong's interview here (probably deserves its own thread). He's not a hyperinflation guy and explains how the gold/inflation relationship is secondary to trust in government. Talks about war issues like some other have posted (Roberts I think) and gives some price targets for gold. This is important from the sense he has been negative on gold and like me, thinks we get one more leg down. Time-frame for bounce with gold according to Armstrong is 2016. I don't think we have to wait that long, but it will be interesting to see what the ECB does here as a good indicator tomorrow (meaning fighting deflation).

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

SteveMT's picture

FT Reports Gold Price Manipulation Was "Routine"

I'm focused on the "Was" because it still "Is."
Two weeks ago when news broke about the first confirmed instance of gold price manipulation (because despite all the "skeptics" claims to the contrary, namely that every other asset class may be routinely manipulated but not gold, never gold, it turned out that - yes - gold too was rigged) we said that this is merely the first of many comparable (as well as vastly different) instances of gold manipulation presented to the public. Today, via the FT, we get just a hint of what is coming down the pipeline with "Trading to influence gold price fix was ‘routine’." We approve of the editorial oversight to pick the word "influence" over "manipulate" - it sound so much more... clinical.

What the FT found:

When the UK’s financial regulator slapped a £26m fine on Barclays for lax controls related to the gold fix, the UK financial regulator offered more ammunition to critics of the near-century-old benchmark. But it also gave precious metal traders in the City of London plenty to think about.

While the Financial Conduct Authority says the case appears to be a one off – the work of a single trader – some market professionals have a different view. They claim the practice of nudging a tradeable benchmark in order to protect a “digital” derivatives contract – as a Barclays employee did – was routine in the industry.

Velocity of Money in U.S. Falls to Record Low

By Michael Snyder
"When an economy is healthy, there is lots of buying and selling and money tends to move around quite rapidly. Unfortunately, the U.S. economy is the exact opposite of that right now. In fact, as I will document below, the velocity of M2 has fallen to an all-time record low. This is a very powerful indicator that we have entered a deflationary era, and the Federal Reserve has been attempting to combat this by absolutely flooding the financial system with more money."
Read more at http://investmentwatchblog.com/the-velocity-of-money-in-the-...

To many of the "ellioticians"

To many of the "ellioticians" who claimed there is no inflation and to the one self proclaimed expert who said... Derrr.. I'll believe there is inflation when the my big hot dog at Costco is going up in price... Yes We were right on manipulation, we are also right on inflation.


SteveMT's picture

Ecuador agrees to sell 466k oz. of gold to Goldman for $580M

They say that it's just a 3-year trade and in exchange for "liquidity.". Sure.
Ecuador Transfers Half Its Gold Reserves To Goldman Sachs In Exchange For "Liquidity"

This is a great example of how the game works. In a world in which every government on earth needs “liquidity” to survive, and the primary goal of every government is and always has been survival (the retention of arbitrary power at all costs), the provider of liquidity is king. So what is liquidity and who provides it?

Ecuador agreed to transfer more than half its gold reserves to Goldman Sachs Group Inc. for three years as the government seeks to bolster liquidity.

The central bank said it will send 466,000 ounces of gold to Goldman Sachs, worth about $580 million at current prices, and get the same amount back three years from now. In return, Ecuador will get “instruments of high security and liquidity” and expects to earn a profit of $16 million to $20 million over the term of the accord.

“Gold that was not generating any returns in vaults, causing storage costs, now becomes a productive asset that will generate profits,” the central bank said in the statement.

beat me to it.

beat me to it.

SteveMT's picture

Silver struggles back over $19.

Is $19 the floor for silver?

nope... 17 to 18.00 is my

nope... 17 to 18.00 is my thought.

Silver Stonewalls the Metal Bears At $19

“Never take counsel of your fears.” - Stonewall Jackson

Tomorrow, the Comex ® June gold and silver contracts take center stage. Expiry.

Comex ® Trading the world blind, until we see the light. Comex may go to zero, when bankruptcy forces their empty hand.

Future price speculation of a commodity is nothing more. Colorless. Odorless. Tasteless.

Stonewall Jackson's future: The night of his Chancellorsville victory, May 2, 1863, Jackson was wounded by friendly fire. Shot while making a reconnaissance with a member of his staff. He died eight days later on May 10 from pneumonia, a complication of having his left arm amputated. Thomas “Stonewall” Jackson was with his wife and only surviving daughter when he died. He is buried in Lexington, Virginia.

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

Barclays Caught Red Handed Manipulating Gold- Smoking Gun

wrong article.

SteveMT's picture

Like Clockwork, Tuesday Gold-Smash Time; $450M G-paper flush

How many times does this have to happen before it stops?

It's that time again... like clockwork, as 8amET rolls around gold and silver become the object of derision for some entirely unrigged decision-maker at a bank... pressing gold prices down to 3 month lows. The question is will the selling prompt buying like on Friday or beget more selling because it is after all a Tuesday... With $450 million notional flushed through futures contracts, someone was in a hurry after seeing Europe's extreme left and right uprising to unload any protection against an ECB capable of only one trick to save the world.

SteveMT's picture

First Germany, Now Austria Demands Audit of its Offshore Gold.


First it was Germany, now another AAA-rated European country is starting to get concerned about its hard assets.

Overnight Bloomberg reported that following in Bundesbank's footsteps, Austria will audit its gold reserves located in the UK, which represent 80% of its total gold holdings. This gold reserve reviews held at Bank of England in London will be first conducted by external auditors, Christian Gutleder, a spokesman for the Austrian central bank, says via telephone.

As a reminder, Austria held 80% of its roughly 280 tons of gold in U.K., according to last annual report.

Gutleder explained that the Central bank has checked its reserves regularly in the past, adding that gold reserves haven’t changed since 2007. Which begs the question: why check them now then?

"Stress Test" lies explained, w/ more the the same. - Geithner

"Jon Stewart, Comedy Central Helps "Turbo Timmy" Geithner Former Secretary of Treasury... [NY Fed & IMF Water Boy, TurboTax user, etc.] Explain Why He Bailed Out the 'Arsonists' Behind the Financial Crisis in 2007.

"Stress Test" © by Timmy Geithner, 2014. Purportedly selling a book written by himself, full of the lies he already told to us years ago.

Geithner? Do you remember him? He is the former U.S. Secretary of Treasury that still signs Federal Reserve notes over a year after leaving office. Even see the $100 bill that just started circulation this year, 2014. He signed it, as if he have any authority to do so.

"Just cannot bailout banks with us poor folk's money. We ain't got any for that purpose." - Mark Twain, 2014

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

Lots of liquidity always assures economic recovery.

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

When Will TSHTF?

Lately I have been studying this. This is the 5th source who is confirming what I am seeing. I "think" we are looking at a total collapse of the world economy and all the bad stuff that comes with it to hit around 2018 to 2020. Please do your own research. Prepare for some extremely hard times. Time is short.

The question many of us are asking is this: When is the you-know-what (economic event) going to (finally) hit the fan?

In my opinion, TSHTF Event will occur in (plus or minus a few months) January 2017. Roughly 31 months (two and a half years) from now.


Political junkies will instantly recognize that January 2017 is the month a new U.S. president will be sworn in.

January ‘17 will be eight years from the month President Obama was sworn in for his first term. Political and economic junkies will also remember that the last economic crisis that hit the U.S. occurred just before Obama was sworn in in the final months of the presidency of George W. Bush.

My prediction is therefore based in part on historic symmetry and a hunch that history will repeat itself. Not being able to see the future, I don’t really know of course, but this is what I’m predicting and expecting.

But symmetry or nice, eight-year electoral increments is not the only reason I’m picking August 2017 as the month (plus or minus) where Everything Changes.

I’m picking this month because I’ve looked out my window at my country and have become convinced that the clock is running right now.

Inflation – I believe – is here right now and is happening to such a degree that it can’t help but trigger a chain reaction of other unpleasant economic events.

As of the end of May 2014, food prices are soaring. I challenge anyone (including financial journalists) to go grocery shopping, check their receipts against those from six months ago, and tell me this is not the case.


SteveMT's picture

Barclays fined £26M for price-crashing gold for last 10 years.

Wow, talk about a tiny slap on the wrist for manipulating the gold market. This "fine" would be the tiniest slap imaginable. Ridiculous.
Barclays Fined For Manipulating Price Of Gold For A Decade; Sending "Bursts" Of Sell Orders
05/23/2014 - 06:56

It was almost inevitable: a week after we wrote "From Rothschild To Koch Industries: Meet The People Who "Fix" The Price Of Gold" and days after "Barclays' Head Of Gold Trading, And Gold "Fixer", Is Leaving The Bank", earlier today the UK Financial Conduct Authority finally formalized what most in the "tin-foil" hat community had known for years, when it announced that it fined Barclays £26 million for manipulating "the setting of the price of gold in order to avoid paying out on a client order." Furthermore, the FCA confirmed that those inexplicable gold raids which come as if out of nowhere, and slam gold with a vicious force so strong sometime they halt the entire market, had a very specific source: Barclays, whose trader Daniel James Plunkett, born 1976, "sent out a burst of orders aimed at moving the price of the yellow metal."

HSBC, JP, Barclays: Pirates of a feather... flock together.

Island Federal Credit Union - Pirates Tale: Beware of the Big Banks 3:30 minute advertisement.

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

China Halts US Dollar Transactions With Afghan Banks

Why would our best Walmart-supplier buds do this to us?
The de-dollarization escalates. As Reuters reports, Chinese banks have halted dollar transactions with most Afghan commercial banks. Whether this is related to the terrorist operations in the Muslim-dominated Uighur region is unclear... also unclear is whether the Chinese banks will accept transactions with Afghan banks in CNY?

Opium Wars... A never ending saga. Afghanistan plays grower.

"Opium Wars," 3 minute documentary, w/ Chinese accents. Saga told showing many telling portraits.
"Opium Wars," History Channel, 3 minute documentary, w/ proper British accents.

In the 18th century the British East India Company imported opium in enormous quantities from India to China so it could buy the goods it wanted from the Chinese. [Thus, the British traded silver for Chinese wares; followed by trading opium for the silver the Chinese just received from the British. Then came the Opium Wars.

Both documentaries emphasize the Chinese insistence that the Bristish trade using silver; only to discover trading over time lead to Chinese trading their silver back to the British for the scourge of Indian opium.

Today, Afghanistan is the premier opium grower for the world.

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

OH, Mer,

OH, Mer, GERD!

Been waiting for a dr Paul 1 oz gold round, but this design is a close second.

Southern Agrarian


bought 50 of the silver ones. I have been collecting from the first issue of the banker,a roll of each. I like Chris's message and like to pull the coins out and admire them. Got the five ounce and two ounce also. I bought 100 of the silver Ron Paul rounds from Provident Metals. I have given some of those to good friends at Xmas and for help with labor. My all time true treasured ones are the 20- 1\10 oz Gold Ron Paul rounds I bought. I don't think I will ever sell them though. They only minted 350 of those. Well I just have to have one of the Gold Freedom Girl rounds. The whole collection is hands down my favorite ones.I hope they make the Ron Paul 1 ounce'er because Im going after 5 of those,even if I have to trade in some ugly generic 10 oz silver clunkers.

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

Russia Buys 900,000 oz. Of Gold Worth $1.17 Billion In April

Russian Gold Reserves in Million Fine Troy Ounces - 1995-2014 - Monthly Chart (Bloomberg)

The Russian central bank has again increased its gold reserves by another 900,000 ounces worth $1.17 billion in April.

Russia's gold reserves rose to 34.4 million troy ounces in April, from 33.5 million troy ounces in March, the Russian central bank announced on its website yesterday. The value of its gold holdings rose to $44.30 billion as of May 1, compared with $43.36 billion a month earlier, it added.

with 20 billion they could

with 20 billion they could buy every last available ounce of silver.

SteveMT's picture

Can you just imagine that?


Another one bites the dust...

Another one bites the dust...

Barclays Head of Spot Gold Trading Leaves Bank

With the mass exodus of gold and silver "traders" from the London Fix naturally people are of course wondering about the ramifications of ENDING the "Silver Fix" in August and most likely the Gold Fix soon after.

Right? You are wondering about that Right? It keeps you up at night Right?

Well, if you aren't you SHOULD BE. I guarantee you that Jeffrey Christian is up all night...every night worrying about what's going to happen. You see, the Gold and Silver Fix are more than just numbers posted in the financial news outlets every day. They are "Benchmark Numbers" defined in every complicated gold and silver derivative contract written in the last 50 years! They are a main operating components of TRILLIONS of dollars worth of gold and silver derivatives. Many very, very complex derivatives created and promoted by the likes of Goldman Sachs starting in the 1980's by Robert Rubin and none other than Jeffrey Christian. They keep the gold and silver prices in check and they are a REQUIRED PART of the current un-backed fiat monetary system.

If those contracts die because they were poorly constructed legally...then the whole system dies.

And they were all contingent upon the "London Fix". That is/was the ONLY physical gold and silver proxy price around the world and that is what is defined in almost every gold and silver derivative contract written...including integrated into the massively complex and complicated monetary swap agreements. (And no they can't use the COMEX prices because those are point in time futures and options contracts...NOT a physical proxy.)

The death of the London Fix is leaving a gaping hole in the legal structure of gold and silver derivatives. So far, there have been no alternatives put forth....and even if there were what Counter Party in their right mind that is on the losing side of the derivative agreement would want to legally change the terms of their contract?

The situation is totally FUBAR and the criminals involved in the gold and silver rigging know it. That's why they are running for the hills!

May the Road you choose be the Right Road.

Bix Weir