Posted on 01/10/2016 12:19:29 PM PST by blam
John_Rubino
January 10, 2016
As China’s leaders figure out that pegging the yuan to the dollar while quintupling their debt in five years was a colossal mistake, they are, apparently, concluding that the only way out is a sudden, sharp currency devaluation. See Pressure on China central bank for bigger yuan depreciation.
Chinese citizens, meanwhile, are anxiously awaiting tomorrow’s market open while mentally repeating the same three lines:
Sure am glad I bought that gold last year.
Wish I’d bought more gold last year.
Wonder what I’ll have to pay for gold next week…
Here’s what that looks like in graphical form:
(snip)
(Excerpt) Read more at marketoracle.co.uk ...
Those who sell gold will tell you that there are two times to buy gold.
1) When it is going down and 2) when it is going up.
Who if anyone do you purchase your gold or who could you recommend?
coins that are a known value
Meanwhile China has been buying gold in the last years.
The graph at the linked site has an exaggerated range.
The price of gold rose 5 percent.
Ok
... and the spot for silver is about 14 bucks.
Well, I’m still paying off the copay on last year’s dental surgery and will have more bills from another type of surgery this year, and have credit card debt that is a long way from being paid down...so I’m not looking to buy gold right now.
BUT, that said, there are a couple sites on line which sell gold (or silver) at a reasonably small margin over the spot price each day. You could buy as little as a single coin or drop $40,000 on a hefty load of ingots (not sure how that would be delivered)
Kitco, I think, requires you to open an “escrow” account for even the smallest purchase. Other do not.
I surf the net — and dream a lot.
Thanks for your input sorry about all your bills we are basically debt free today thank god and my dead daddy
These are the two I've heard good things about. Both legit and won't 'scr*w' you.
I would buy only US gold coins. Two types, regular and numismatic. You need mainly regular for fungible (which is most of TSHTF and hedge needs) and maybe a little numismatic for speculative investment if you can afford it and have all of your other needs very well covered.
I had some gold coins 20 years ago, but US shops would not take them as payment for work, so I had to go back to the gold dealer to cash them in. They were Krugerrands so that only decreased their desirability domestically. There was only slight price difference between different nations’ gold coinage (have not checked recently).
I just did research over at Ebay and notice that 1964 and prior (90% silver content) quarters, dimes, etc., rolls are selling for a premium.
APMEX
You should not use the words “research” and “ebay” in the same sentence.
Aren’t Krugerrands, China panda, Mexican peso/Libertads in the ‘desirable’ category as well as American eagles?
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