355 votes

>Gold $1,308 Silver $20.75 Platinum $1,474 Palladium $877 Dollar 81.04

............♘ Daily Paul Metals Thread ♘ ............
.
Hidden Secrets Of Money
Part 1 - Currency vs Money
http://youtu.be/DyV0OfU3-FU
Part 2 - Seven Stages Of Empire
http://youtu.be/EdSq5H7awi8
Part 3 - Dollar Crisis To Golden Opportunity
http://youtu.be/y-IemeM-Ado
Part 4 - The Biggest Scam In The History Of Mankind
http://youtu.be/iFDe5kUUyT0
Part 5 - TRUE History Of Money
http://youtu.be/OQWMd_NPSBA
.
A Visual History Of Gold link provided by DJP333
http://www.zerohedge.com/news/2014-02-26/visual-history-gold...
.
Gold Manipulation: The Logical Outcome Of Mainstream Economics
http://www.zerohedge.com/news/2013-02-21/guest-post-gold-man...
.
Gold Manipulation: How They Do It (And How To Hedge It)
http://www.zerohedge.com/news/2013-02-26/guest-post-gold-man...
.
Visualizing Platinum & Palladium's Place In The World
http://www.zerohedge.com/news/2013-01-24/visualizing-platinu...
.
Gold & Silver, Ron Paul: THE TRUTH
http://www.youtube.com/watch?v=E-ShSGz89mA&feature=related
.
Visualizing All The Silver In The World
http://www.zerohedge.com/news/2013-03-01/visualizing-all-sil...
........................................................................
Bitcoin: Rate Charts and Commodity Exchanges
http://bitcoincharts.com/markets/
https://ounce.me/
........................................................................
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!!!
http://www.sovereignman.com/expat/gold-confiscation/
.
4 Must watch videos...NOTE:These videos give you a heads up of what is coming!
.
Madness of a Lost Society (in 4 parts)
http://www.youtube.com/watch?v=HyjAHfnu0qc
http://www.youtube.com/watch?v=WRvjufH29vE
http://youtu.be/p_Ic_OvIPtU
http://youtu.be/2FZmHBcrk5Q
.
The Day the Dollar died...
http://www.youtube.com/watch?v=2N8gJSMoOJc
.
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....
http://news.goldseek.com/GoldSeek/1313942400.php
.
*****************************************
Inflation or Deflation....Metals win...
http://news.goldseek.com/ClifDroke/1310933400.php
.
Why Deflation is good for Precious Metals:
http://seekingalpha.com/article/183323-why-deflation-is-good...
#############

Live Charts Here...
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES...
############
LIVE DOLLAR CHART HERE
http://www.goldseek.com/quotes/charts/usdollar/usdollarindex...
#############
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.
http://www.apexfutures.com/trading-tools/expiration-dates/
http://www.heritagewestfutures.com/docs/default-source/defau...
.
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!
http://www.silverstrategies.com/publications/ThinkandSTOP.pdf
This is an incredible site for watching metals:
http://www.24hgold.com/english/home.aspx
This site monitors all ebay metals prices.Check it out:
http://www.24hgold.com/english/buy_sell_gold_coins.aspx?co_id=0
Jim Sinclair - a Great read everyday: http://jsmineset.com
Hard Core Gold site. Great reads: http://321gold.com




Comment viewing options

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

July 2, 1915: Bomb Rocks US Capitol. Who shot JP Morgan Jr.?

July 2, 1915: Bomb Rocks US Capitol. Published on Senate.Gov website.

A solitary figure slipped quietly into the Capitol on the Friday afternoon leading to a Fourth of July weekend. He cradled a small package containing three sticks of dynamite. The former professor of German at Harvard University, Erich Muenter, came to Washington to deliver an explosive message. Although the Senate had been out of session since the previous March and was not due to reconvene until December, Muenter headed for the Senate Chamber. Finding the chamber doors locked, he decided that the adjacent Senate Reception Room would serve his purposes. He worked quickly, placing his deadly package under the Senate's telephone switchboard, whose operator had left for the holiday weekend. After setting the timing mechanism for a few minutes before midnight to minimize casualties, he walked to Union Station and purchased a ticket for the midnight train to New York City.

At 20 minutes before midnight, as he watched from the station, a thunderous explosion rocked the Capitol. The blast nearly knocked Capitol police officer Frank Jones from his chair at the Senate wing's east front entrance. Ten minutes earlier, the lucky Jones had closed a window next to the switchboard. A 30-year police veteran, the officer harbored a common fear that one day the Capitol dome would fall into the rotunda. For a few frantic moments, he believed that day had come. Jones then entered the Reception Room and observed its devastation—a shattered mirror, broken window glass, smashed chandeliers, and pulverized plaster from the frescoed ceiling.

In a letter to the Washington Evening Star [Newspaper], published after the blast, Muenter attempted to explain his outrageous act. Writing under an assumed name, he hoped that the detonation would "make enough noise to be heard above the voices that clamor for war. This explosion is an exclamation point in my appeal for peace." The former German professor was particularly angry with American financiers who were aiding Great Britain against Germany in World War I, despite this country's official neutrality in that conflict.

Arriving in New York City early the next morning, Muenter headed for the Long Island estate of J. P. Morgan, Jr. Morgan's company served as Great Britain's principal U.S. purchasing agent for munitions and other war supplies. When Morgan came to the door, Muenter pulled a pistol, shot him, then fled. The financier's wounds proved superficial and the gunman was soon captured. In jail, several days later, Muenter took his own life.

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

Which Has Been Better since 1975, Gold or Savings at Bank?

We get those people all the time that say that cash + interest has done better than gold over time.

To do a fair analysis of this, the only real comparison should begin in 1975 when Americans were allowed to own more than $100 worth of gold. 1971 when we went off the gold standard could be used as well, but I chose 1975 as a good starting point for my latest article (which was written last week calling for this current bounce in gold).

Which Has Been Better since 1975, Gold or Savings at Bank?
http://bit.ly/1rlsM9h

For those that don't know me, I don't write too many articles but do write them when I see turning points in the precious metals market. I sell gold and silver for a living and have been advising clients to dollar cost average into a position (allocation) and have many clients that I have told to hold off in buying until the last dip I think is coming. I know many think we have bottomed and are off to the races. My research shows me differently, and my articles are proof that my timing has been spot on.

Long term we are going to fly. I just try to call the short term with some sort of accuracy based on how I read things.

Enjoy the article. You'll see a table I created that you can use to show how gold, over time, has done quite well as money compared to the fiat stuff. But more importantly, it will give you insight on what's to come despite any short term fluctuations or market maker influence.

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

Sell! All the experts agree, you'd best sell... (to themselves)

Sell! (Printing lots of fake bills to make you all feel wealthy.)

Incredible India (Honestly, incredible... Meaning this banker news is not worthy of credit). Pitching for your worthless precious metal.

There was a panel of gold experts from India who explained how the tax hike last year halved the official imports on bullion into what was formerly the world’s largest gold market. Commodities gurus like Jim Rogers cite this as the main reason for last year’s [future paper] price fall.

It was amplified by a switch by hedge fund investors and other big ETF holders out of [paper-]gold and into stocks. That helped to spike the US stock market. Some 880 tonnes of gold were sold by the ETFs that brought the gold price down sharply. However, are we not about to see a reversal of these two huge [paper] problems for gold?

The Dubai conference heard how a new government was about to be elected in India in May that would probably scrap or amend the gold tax which has done its [insidious] job in cutting the trade deficit but encouraged smuggling and tax avoidance. Bringing back this lost source of buyers as soon as this autumn is not only possible but in the judgment of these experts very likely.

[No gold dust found on these paper-gold experts]

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

DJP333's picture

Grant Williams On Gold As An "Unsure-ance" Policy

Solid discussion on gold and manipulation.

http://youtu.be/MHG_o1Qze-Y

http://www.zerohedge.com/news/2014-04-25/grant-williams-gold...

“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."

DJP333's picture

Russia Downgraded, Retaliation against NATO

But far more importantly, and ahead of yet another round of western sanctions which appears imminent unless Obama is to look even more powerless than he currently is (granted, a difficult achievement), Russian presidential adviser Sergei Glazyev proposed plan of 15 measures to protect country’s economy if sanctions applied, Vedomosti newspaper reports, citing Glazyev’s letter to Finance Ministry. According to Vedomosti as Bloomberg reported, Glazyev proposed:

  • Russia should withdraw all assets, accounts in dollars, euros from NATO countries to neutral ones
  • Russia should start selling NATO member sovereign bonds before Russia’s foreign-currency accounts are frozen
  • Central bank should reduce dollar assets, sell sovereign bonds of countries that support sanctions
  • Russia should limit commercial banks’ FX assets to prevent speculation on ruble, capital outflows
  • Central bank should increase money supply so that state cos., banks may refinance foreign loans
  • Russia should use national currencies in trade with customs Union members, other non-dollar, non-euro partners

In other words, a full-blown scorched earth campaign by Russia.

http://www.zerohedge.com/news/2014-04-25/furious-russia-down...

“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."

SteveMT's picture

The beating of war drums pushes metals upward.

By contrast, the printing of multi-trillions in fiat currencies around the world has done nothing to metal prices. Go figure.

Gold Tops $1300 As Russian Rumblings Stumble Stocks
4-25-14

http://www.zerohedge.com/news/2014-04-25/gold-tops-1300-russ...

DJP333's picture

What do you guys make of this?

It happened last week also. Massive sell off in London and then buying frenzy when Wall Street opens up in the morning. Looks a little shady to me.


“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."

The plight of miners looking for gold.

Near as I can recollect, a gold prospector met St. Peter some time back at the Pearly Gates. When told his occupation, St. Peter said, ‘Oh, I’m really sorry. You seem to meet all the tests to get into Heaven. But we’ve got a terrible problem. See that pen over there? That’s where we keep the gold prospectors waiting to get into Heaven. And it’s filled – we haven’t got room for even one more.’ The gold prospector thought for a minute and said, ‘Would you mind if I just said four words to those folks?’ ‘I can’t see any harm in that,’ said St. Peter. So the old-timer cupped his hands and yelled out, ‘Gold discovered in Hell!’ Immediately, the gold prospectors wrenched the lock off the door of the pen and out they flew, flapping their wings as hard as they could for the lower regions. ‘You know, that’s a pretty good trick,’ St. Peter said. ‘Move in. The place is yours. You’ve got plenty of room.’ The old fellow scratched his head and said, ‘No. If you don’t mind, I think I’ll go along with the rest of them. There may be some truth to that rumor after all.’

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

Happy 3 year anniversary of silver top

Yep it was 3 years ago tonight that silver peaked just shy of its record high from 1980, and now, $30 lower and more than 450 pages of this thread later, very few posters here would even agree it is a bear market. That means we still have a long ways to go.

It is traditional for me to mark this anniversary by going back to the time of the peak and re-posting hilarious posts from all of the experts who ridiculed and insulted me for suggesting they sell or hedge their holdings, but almost none of them still post here, and the one big mouth who does still post has been pretty quiet lately, so I will merely link to the pages of this thread surrounding the top and encourage people to go back and scroll through what was being said at the time. It should be educational for everyone, and extremely entertaining for the few who were bearish the last 3 years.

The top occurred when the page at the following link was page 1 of this thread
http://www.dailypaul.com/144648/saudi-markets-fall-over-6-go...

From there you can go back or forward page by page to read what was posted before (>) and after (<) the top.

Here is my post that I made a little more than 24 hours after the top where I explained how "This is a great freaking time to sell silver!!!! (And a terrible time to buy!!!)" ...
http://www.dailypaul.com/comment/1717576
on the page linked here...
http://www.dailypaul.com/144648/saudi-markets-fall-over-6-go...

Note the negative reception I got. Where are they now?

3 years?

So what? Why not ten years?

Sell or hedge? Naaah, .... buy buy buy

(eye roll)

LOL, yeah, "so what?" it's ONLY been 3 years since the secondary top (and 34 years since the all-time high), and we are ONLY down 60%. So what if we drop another $10 or $15 over several more years?

The complacency here is amazing. Even 3 years in, I get 6 down votes for noting the anniversary of the top. Like I said, this bear market has a long way to go. Y'all keep doing what you're doing. I guess it feels good to be WRONG???

You'll have to tell us how it feels

Voices like your's were wrong a decade ago, and will continue to be wrong.

Up almost 10% over the last 120 days is a bear market?

whatever

what are you even talking about? continue to be wrong? silver up almost 10% in last 120 days? I've been flat for longer than that and it's within about a quarter of where it was when I exited (shorts). It did drop a little more after I exited, then rallied as I expected, and dropped back to basically the same level, so it has gone nowhere. And how about the last 60 days (from late feb)? it is actually down about 10% (if the 60% it lost in last 3 years doesn't faze you).

Like I said above..."$30 lower and more than 450 pages of this thread later, very few posters here would even agree it is a bear market. That means we still have a long ways to go."

Nope, doesn't 'faze' me

My statement was in reference to PMs.

PMs are not investment, and I have a longer vision.

Even if you only wanted a 'return on investment', 300% percent over 10 years is not too bad.

Your 'eye-rolls' and 'whatevers' speak loudly.

yeah

300% over 10 years is not bad, unless you keep holding it until it is 0% over 20 years. People who bought silver in january 1980 with a "longer vision" are down 60% after 34 years.

Would you care to share your average purchase price? Are you really up 300% or are you speaking hypothetically, if you had bought 10 years ago and not bought anymore since? (like a certain poster claims to have done)

Gold at 0%?

Can't have a conversation with someone that can't speak honestly.

Later, much.

Dollar crash within a few months?

With continued turmoil and uncertainty in global markets, today KWN is publishing another important piece that was written by a 60-year market veteran. The Godfather of newsletter writers, Richard Russell, made this ominous prediction, “In a matter of months, I see the dollar crashing.” Russell also stated that he is buying all of the physical gold and silver he can, “while they are still available.”

KWN BLOGshapeimage_24_link_0shapeimage_24_link_1 © 2014 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
April 22, 2014
Subscribe to RSSCLICK HEREshapeimage_27_link_0shapeimage_27_link_1 KWN Blog
Archivesshapeimage_28_link_0shapeimage_28_link_1 Russell: “For the benefit of new subscribers, I want to state my position. I think the bear market that started in 2007 was interrupted, BUT NOT ENDED, by the Fed. Somewhere ahead, I believe this bear market will run to conclusion. I also believe that the great recession never ended, but was masked by the “manufacture” rally in the stock market. Thus the reason that the Fed cannot produce its much-wanted 2% inflation is that the deflationary pressure of the great recession is still in force. The stock market continues to struggle higher, with the needed help of the Fed’s QE and zero interest rates.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/...

Silver crash 3 years ago ...


In another era, where silver was actually legal tender, it might have been valid to suggest that a crash in the dollar will lead to high silver prices.

But silver and gold have been nuetered as a means to pay your bills, buy food, put gas in your car, etc. .. so the only practical value that it has today is it's dollar exchange rate (so that you can actually buy stuff).

In inflation adjusted terms Silver hasn't ever even recovered from its 1980 crash. And it has been doing nothing but crashing for the past 3+ years as well.

It has been proven that the whole metals market has been made into a fraud, due to massive manipulations, institutional short selling, and paper contracts. So all these remarks in this original Diary here about $200 silver, $500 silver, etc. are just wrong, totally misleading to people, and also laughable nonsense.

Niether supply and demand, nor hard .vs. soft, have any importance anymore when you are dealing with a deliberatly corrupt market (which is also not legal tender on its own).

The dollar may indeed crash.
A new currency may be introduced sometime too, but whatever it will be ... it will be a new currency that the Bankers devise for themselves (and works according to their rules).

So this whole thread really ought to just go away.

Nobody is going to get rich here, just because they own a heavily corrupted, easily crashable, and easily manipulated object -- that is also dependent on an exchange rate into dollars in order to do something with it.

It's really all fools gold in the end.

yawnnnnn all bs..

yawnnnnn all bs..

it's your "predictions" that are all b.s.

As the record clearly shows...

SteveMT's picture

Tuesdays are bad days for gold;2500 gold contracts go in 2 sec?

2500 Gold Futures contracts in 2 seconds at 11:35:48 $GC_F $GLD
9:40 AM - 22 Apr 2014

http://www.zerohedge.com/news/2014-04-22/gold-tumbles-2-mont...

DJP333's picture

Gold and Silver completely flat today

Is this because of Easter or because the trading algorithms done broke?

“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."

DJP333's picture

4-15-14 gold discussion with Peter Schiff

You guys have to check this one out....

“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."

DJP333's picture

Russia’s Gazprom Neft says Asian buyers willing to use euros

Russian state-controlled oil producer Gazprom Neft said it had received positive responses from Asian clients about the possibility of using euros as a settlement currency instead of the dollar.

http://www.oilandgaseurasia.com/en/node/60811/?utm_source=Em...

“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."

SteveMT's picture

Over $0.5B in gold futures paper dumped in a flash on tax day.

The same thing happened to palladium. Both metal futures markets were halted for 10 seconds.
-----------------------------------------------------
Gold Futures Halted Again On Latest Furious Slamdown
4-15-14

It seems the two words "fiduciary duty" are strangely missing from the dictionary of the new normal's asset management community. This morning, shortly before 8:27am ET, someone decide that it was the perfect time to dump thousands of Gold futures contracts worth over half a billion dollars notional. This smashed Gold futures down over $12 instantaneously, breaking below the 200DMA and triggered the futures exchange to halt trading in the precious metal for 10-seconds. Palladium also got clobbered and was also halted. This is gold's worst since Bernanke 'tapered' in December.
http://www.zerohedge.com/news/2014-04-15/gold-futures-halted...

DJP333's picture

Gold and Silver slam this morning

Gold back under $1300 and Silver close to $19 again. They say its related to slowing China demand, but that's BS.


“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."

SteveMT's picture

PPT spikes markets in last half-hour of trading 4-14-14

Supposition: yes
------------------------------------------
Unrigged Market Soars On 3:30 PM Fundamental Bullish Catalyst

http://www.zerohedge.com/news/2014-04-14/unrigged-market-soa...

DJP333's picture

Silver acting crazy

What a strange morning for silver, major sell off in London, but buying frenzy in the US it seems.

“In a time of universal deceit, telling the truth is a revolutionary act.”
"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."