Posted on 06/25/2013 8:01:01 PM PDT by blam
It’s the manipulated paper price for gold. Bears no relation to reality when it comes to physical gold...or silver for that matter.
You invest in fiat. I’ll stick to PMs. We’ll see what has value in 10 years.
Agreed. Likely to be replaced by a single global fiat currency for sheeple dumb enough to think it has value too. I think that's the end game the Fed Reserve has in mind when destroying the dollar.
You can eat fresh veggies till you pop and you would be fine (Fresh as in pulling them out of your garden) its the damned "processed" and/or genomodded crap that is causing all the obesity!
At best, there is a fractional reserve, which means there is a lot of valueless paper gold and silver circulating.
Even the reserves are questionable when the Fed Reserve tells Germany it is going to take 7 years to honor a request for that country's gold to be returned home from where it is supposedly stored in New York.
If there's ever a real audit of the Fed (or even the U.S. government's holdings in Ft. Knox), you're likely to find dust bunnies in empty vaults or perhaps a few gold-plated tungsten bars.
The paper market for both gold and silver is being heavily manipulated.
Pal, you’re offering bad data, and picking an argument with someone who happens to agree with you about PMs vs. fiat.
If you don’t like Tulving, try gainesvillecoins.com for smaller purchases that track spot as they always have.
Agreed. If anyone tries to argue that fiat currency is as good and valuable as PM-backed currency, offer to trade them a brand new crisp one dollar bill for one beat up tarnished Morgan silver dollar. If they have half a brain they’ll see how much purchasing power his or her beloved fiat currency has lost.
http://golddealerreviews.com/reviews/gold-dealers/3-tulving
Everything is good then it is not.......
Eat "Right" Move more, to be precise.If you're eating right, moving won't be a problem. Lethargy is a symptom of a dysfunctional metabolism. Stop eating crap for a couple of weeks and your energy levels will soar.
;-)
Thanks blam!
I agree.
Just read an article that the market price of gold has dropped below the cost of production. I’m guessing that signals the gold rush is over for awhile.
I've bought from Tulving in the past, but not lately. He used to have a 4 ounce minimum (sometimes 3 IIRC), but he grew to a level where one had to buy much more than I could afford at one time, perhaps 10 oz or more, so I quit dealing with him. Prices were good though, close to spot.
Nah.
JIM RICKARDS: Gold Is Destined For $7,000
Emotion is overshadowing fundamentals in gold right now and several factors point to a long-term bullish move in the metal, two gold bulls told "Squawk on the Street" Thursday.
Looking at the reviews people are waiting months for their gold and are getting blown off or yelled at by Mr Tulving. Some have gotten frustrated and have called the police. The reviews suspect that Mr Tulving is holding onto their cash while the price of gold goes down to improve his profit margin. His minimum purchase is 20 oz . He has gone bankrupt in the past because of bad business behavior. Beware......
Thanks for the warning re: Tulving. 20 oz is way out of my league for a single purchase anyway, but I suspect that smaller local coin dealers would be able to buy at that level of volume.
It would really hurt a tight-margin coin shop if they couldn’t secure quick delivery of the product while having their money tied up.
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