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Goldman Sachs just closed an enormous “short wager” on gold. Video

Video
http://pro.wsdinsider.com/FCS1295UPSNG/EFCSP540/

1. Despite all the bets against it, the U.S. Mint is literally running out of gold! Last week, the Mint couldn’t fulfill orders for one of its most popular gold coins.
2. The U.K. Mint said its purchases of gold just tripled. Premiums paid by jewelers in India (the world’s biggest gold importer) to secure their supply, surged as much as fivefold in 10 days.
3. The Federal Reserve just “tweaked” one particular sentence in a 600-word document. The tweak is incredibly inflationary, which lends itself to a massive gold rally.
4. Goldman Sachs just closed an enormous “short wager” on the price of gold. "Goldman said April 23 it closed a bearish recommendation, while saying further declines are likely."

Text of Video;
http://pro.wsdinsider.com/FCS1295UPSNG/EFCSP540/Full

You see, the truth has a funny way of remaining hidden until new events come to pass.

With that in mind, the events of the past few days have been profound.

They paint a crystal-clear picture of what’s about to happen. A picture that the investing public isn’t privy to.

When you consider the decisions just made by the TWO MOST INFLUENTIAL players in all of finance…

Well, it’s hard to imagine a world where gold isn’t trading north of $2,000/ounce by mid-June.

Beyond that, there’s no telling how high gold could soar. I mean, a respected French analyst just slapped a $10,000 price target on the metal.



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Premiums are coming down on silver coins

Premiums are coming down on silver coins. My one supplier was completely out of silver because of the demand in Mid April with the quick price drop. They now have supply as they received their latest allocation from the U.S. Mint just today. Will have pricing in about a half an hour.

My other supplier never ran out of silver except for the 90% silver bags and the premiums have already come down, but still too high IMO. I expect premiums to be back to normal soon with the Mint's catching up.

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

Silver Eagle Premiums

Just got the latest pricing for silver Eagles and Maples.

$3.25 over for Eagles
$2.76 over for Maples

Those are my costs with 500 minimum order and 1% commission, free shipping.

APMEX $3.89 over for same amount, 500 coins or more.

Provident didn't have any available but some sort of low serial number ridiculously priced stuff or the high prices San Francisco Mint ($6 over spot).

Comparesilverprices.com best price was $4.00 over for the Eagles and $3.60 over for the Maples.

Like I said, the premiums are coming down.

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

deacon's picture

Doug Eberhardt

are you selling them at that price you listed above
and at that quantity?
or is that what you get them for?
the last time i bought silver my guy treated me too well :)
deacon

If we deny truth before your very eyes,then the rest of what we have to say,is of little consequence

At that price plus 1% commission

Hi Deacon, how are you? Yes, at that price plus the 1% commission. As you know, I don't come on here and try and sell, mostly because my minimums are much higher and for me to be competitive, and give free shipping, I just conduct my business with the large amounts (but willing to try and be competitive with most everyone else for smaller orders).

If you think about it from my supplier point of view, they bought silver for supply at higher prices before the dip. The last thing they are going to do is sell at a loss. So they simply raise premiums. That is, as long as they still have the product. Now that they have supply again, the premiums come down which I am thankful for!

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

deacon's picture

doing good here

hope all is well for you too
yes i remembered about the 1% premiums,just too lazy to type it

i have no regrets and am pleased as punch with your help :)
i know you don't advertize here,doesn't stop me from plugging for you though HEH HEH HEH
unless you say not to,then i won't....probably
I do not blame you for just dealing in large quantities,it is cheaper and usually easier to handle,then say a bunch of smaller transactions
again,thanks for your help,and appreciated our talk just as much

deacon

If we deny truth before your very eyes,then the rest of what we have to say,is of little consequence

tell fishy I will give them a free pdf copy of my book

as I did you....

and thanks.

Doug

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

Please don't take this wrong!

I am NOT saying you are not trust worthy, I am asking your advice because I do think you are trustworthy.
I am afraid to buy online, I want to"ping" test and weigh them. I have never worried about it when I was making major purchases, there was not much silver counterfeiting going on. But now there is, and I am nervous even buying locally. Now, we play mostly with junk, I'm not sure you would have answers if you don't deal in it, but these are my questions:
Do dealers ping / weigh or otherwise authenticate coins at any point? They have never checked mine when I sold, I assume they assume... and at this point, I don't want to keep assuming.
Would a dealer get bent out of shape if I sat down to weigh and ping every coin before I left? Surely they will not let me leave and come back claiming a counterfeit?
Thanks for your continuing input.

Love or fear? Choose again with every breath.

deacon's picture

here fishy fishy :)

Doug has an excellent book in pdf for your perusal
i read it before,informative,and i enjoyed reading it
deacon

If we deny truth before your very eyes,then the rest of what we have to say,is of little consequence

Don't worry fishy

The reason I wrote my book was to help people understand my own industry. My background was as a financial advisor for over 20 years before I started my own broker/dealer selling gold and silver. I constantly refer people out to other competitive dealers when I can't help them because of quantity minimums or some other issues (like working with someone over the internet). I don't have a coin shop but I also don't have the overhead they do and that's how I keep my costs down.

In my book, I expose my entire industry (the ones who advertise heavily on radio and television at least) as to their pricing so an individual knows what they are doing before they buy (the right questions to ask and what tactics they use to sell higher premium semi-rare and rare coins). I was even instrumental in a $4.5 million settlement in a lawsuit against one of them (Glenn Beck's favorite).

As far as the coins and bars I sell, I only represent known mints and the bars are hallmarked with that mint or the coins directly from the mint. 90% silver coins are a different animal, but for the most part they come in sealed bags that have been pre-authenticated.

I do have clients that are very secretive and have to bend my rules to accommodate them, but since I don't deal with the general public, except locally here in San Diego for certain people, you might be better off dealing locally and just let the dealer know up front what you want to do. If they want your business, I don't think they'll have an issue with things. I read some of your other posts on your experiences dealing locally. I thank God I don't have a coin shop, hahaha!

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

Thanks!

For your reply, and your efforts to expose the fraud!
I will look for your book - got a link?

Love or fear? Choose again with every breath.

deacon's picture

i sent doug

an email through his account here at the DP
he in turn sent me an email with a book attached
guess i should have clarified that originally
but as long as i got your attention,do you by chance have celestes
email addy,i asked at the mod box,but so far haven't gotten a reply
back
deacon

If we deny truth before your very eyes,then the rest of what we have to say,is of little consequence

sorry

Can't help you, I don't have it.

Love or fear? Choose again with every breath.

Don't worry fishy

don't worry fishy
everything will turn out all right

http://www.youtube.com/watch?v=9Y-0nWVdBH4

Be brave, be brave, the Myan pilot needs no aeroplane.

haha Smudge

Someday I'll see them in concert...

Can't believe I still have a chance to see the Stones!

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

Cyril's picture

Btw while India is the biggest gold importer guess what China is

Btw, while India is the biggest gold importer, guess what China is since 2011.

China: the world's biggest silver importer, and there's a reason for that:

http://www.dailypaul.com/284399/silver-is-here-for-the-takin...

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Solid track record

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Thanks, but fyi - the text

Thanks, but fyi - the text link is also the vid link.

Sorry HuskerSkier

If you close the video window it asks if you want to leave the page or stay to see the text. Sorry

no worries,

thanks!