Posted on 08/07/2011 3:37:09 PM PDT by Atlas Sneezed
Nothing to see here.....please move along.
Really, the US dollar is just fine.
Why, oh why did I believe those people on the radio who said gold was a bad investment! Waaaaahhh!
In early trading the Dow Industrials are down nearly 300 points to 11,100
It’s not that gold is a good investment. It’s that nobody trusts the US anymore so gold is the only alternative.
Obamanomics
Would like to have FReeper advice on
recommendations of places to buy bags
of “junk” (non-collectible) U.S. silver coinage.
Thanks in advance.
Repeal The 17th
Repeal The 17th & The 16th!
Would like to have FReeper advice on
recommendations of places to buy bags
of “junk” (non-collectible) U.S. silver coinage.
If you have the time and energy, and can figure out how to make the right bids, then eBay is great for smaller quantities.
If you want the best prices on low to medium quantities, with a phone call and a credit card, then gainesvillecoins.com.
One Freeper jumped down my throat for mentioning Gainesville multiple times in one thread. I have no affiliation, but have purchased or personally know people who have repeatedly purchased from all three of these sources.
yah...I flipped over to Fox Business, and gold was up $36 and the Dow was down over 250.
And the hell of it is this is just the beginning. Italy could well bring down the European Union, the European Central Bank and a number of other Countries along with it. If things go to hell in a handbasket in Europe overnight, the bloodbath on Wall Street will be unstoppable.
Now make all preparations for high winds and heavy seas...
Your local coin shop.
Silver is HEAVY stuff, not like the movies where the thieves throw bags around like pillows. A $1000 bag weighs 56 pounds, so buying local is the way to go.
Last week I seriously wanted to take a second mortgage on the house and invest every penny in gold futures. My wife thinks that’s a bad idea. Coulda made a shirtload of money. For those with the cash hop on board this gold run cause it ain’t gonna end anytime soon. We’re looking at 2K+ an ounce in the very near future. Some say 5K to 10K. Who knows where it will end. One thing is for sure the dollar is going to take a serious beating.
This was one of the worst weekends for America that I can remember. Our troops (RIP) took heavy losses. In fact we are simply getting our butts kicked in the Middle East. We are pouring money into Iraq, Afghanistan and our illegal nonwar in Libya, plus God knows where else and we are still losing. Once again, just like Nam, our troops are willing but the politicians are making sure they lose the war AND their lives. And once again like Nam this will all be for nothing. 50K in Nam and what 5K in the Middle East so far?
Then there is the matter of our historic credit downgrade. Who in their right mind wants to invest in America? Our cities and infrastructure are rotting, racial crimes are rampant, we are under invasion on our Southern flank, record numbers of families are on welfare and food stamps, our manufacturing base has fled for the slave labor of other countries, our real unemployment figures are North of 25% and Obama throws a hip hop birthday party. To the rest of the world have become a laughing stock. Certainly not a place to invest.
“It’s not that gold is a good investment. It’s that nobody trusts the US anymore so gold is the only alternative.”
Excellent point. If one wants to have MORE money in the future, then gold is not for you. But if one has enough money on hand to buy 10000 lbs. of rice today, but would rather buy that 10000 lbs. in the future, then gold makes PERFECT sense, as it will be able to buy the same in the future, whereas the dollar will be worthless.
NWTMint’s (good company) price is 20% above Gainesvillecoin.com:
http://www.gainesvillecoins.com/category/407/90-percent-silver-coins.aspx
Silver is a great buy right now, with the AU/AG ration at 43.5
What really intrigues me is that the Platinum/Gold ration is down to an amazing 1.02. (It hasn’t been more than a tick below 1.0 for 26 years, and has been as low as 0.75 only briefly since the current era of precious metals markets began in 1971).
I’d advise looking at buying platinum instead of gold, and trading it for 1.5-2 times its weight in gold in a year, if the normal ratio is restored.
A $1000 bag weighs 56 pounds, so buying local is the way to go.
Last week I seriously wanted to take a second mortgage on the house and invest every penny in gold futures. My wife thinks that’s a bad idea.
If you can meet their rather steep minimum orders, tulving.com is by far the cheapest source of gold & silver I’ve found. End of discussion. They will even refund $15 of your wire-transfer fee.
APMEX is very good, but they charge a fair amount for shipping. It possible to buy from their website at night, in case that appeals to you. PMs often dump badly overnight in thin trading.
Northwest Terr Mint undergoes significant delivery delays at times.
Those have been my experiences, both actual and anecdotal.
Check your math or count your zeros!
Silver closed Friday at $38.21/ounce. That means $1,000 get you 26.17 ozs (1.64 lbs)...OR... 56 lbs will be worth $34,236.
I'd still consider it HEAVY stuff for large investments, but not anywhere as bad as you claim.
0bamageddon
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