Gold broke $1200 today
- Thread starter guerilla
- Start date
I also think it's no surprise that gold surges almost every day when the hong-kong market is open, I wonder what is happening there
My mother in law (who lives in China) told me that people are literally queuing outside to buy gold and silver coin. Yeah man, the gold/silver fever is so strong that people are queuing! The government is encouraging everyone to buy the stuff.
I bought some more gold and silver coins just now. I believe we are still at the very early stages of the gold/silver bull market (or call it the fast fiat currency devaluation phase). The spot prices may make a pull back, but I am holding for the long term so I just get in whenever I can.
https://www.coininvestdirect.com/
That's where I get mine from. Delivery is fully insured. Free delivery for purchases over £2.5k.
Also I use goldmoney which stores the gold/silver in a vault insured by Lloyds bank. With the account the gold and silver is very liquid and can be sold/bought immediately by the gram. My mate has been trading with his account which makes him around $2500 per month on the ups and downs. I use the account as I could sell easily where as holding the coins I am not really sure how to use it apart from bartering in hard times.
Buy Gold and Silver at GoldMoney - Best Way to Buy Gold and Silver
If you guys decide to sign up, putting "seoreborn" as the referrer code would be much appreciated (they just started a referrer programme where if you refer a friend you will get 25% of the net sales margin - the referrer programme is open to all account holders)
Buy Gold and Silver at GoldMoney - Best Way to Buy Gold and Silver
If you guys decide to sign up, putting "seoreborn" as the referrer code would be much appreciated
(they just started a referrer programme where if you refer a friend you will get 25% of the net sales margin - the referrer programme is open to all account holders)
Good article on the topic.
Gold & Silver: Jim Rogers wins over Peter Schiff | 02 December 2009 | www.commodityonline.com
Talking to lay people who are not bullish on gold, I forget that most folks don't think in terms of inflation adjusted values, and instead, get caught up in the MSM ticker promotion of nominal values.
Gold is *not* at an all-time high when you adjust for inflation. It is only at a nominal high.
This is very important stuff to watch because in a global economy driven by fiat values, nominal increases are misleading. That in fact is one of the key issues with fiat money.
The dollar (or any currency) is a measuring stick of value, and when the government debases the currency (as every fiat currency through time has been debased) the unit of economic measurement isn't consistent, and this create structural errors in the economy which over time, manifest themselves in booms and busts.
It's like if you were building a house to print, and the length of an inch kept changing at different rates during the construction process.
By the time you finished, the house would probably look like some sort of castle frankenstein, and that is what has happened to the global economy. So many imbalances that it is susceptible to total collapse.
Gold & Silver: Jim Rogers wins over Peter Schiff | 02 December 2009 | www.commodityonline.com
Talking to lay people who are not bullish on gold, I forget that most folks don't think in terms of inflation adjusted values, and instead, get caught up in the MSM ticker promotion of nominal values.
Gold is *not* at an all-time high when you adjust for inflation. It is only at a nominal high.
This is very important stuff to watch because in a global economy driven by fiat values, nominal increases are misleading. That in fact is one of the key issues with fiat money.
The dollar (or any currency) is a measuring stick of value, and when the government debases the currency (as every fiat currency through time has been debased) the unit of economic measurement isn't consistent, and this create structural errors in the economy which over time, manifest themselves in booms and busts.
It's like if you were building a house to print, and the length of an inch kept changing at different rates during the construction process.
By the time you finished, the house would probably look like some sort of castle frankenstein, and that is what has happened to the global economy. So many imbalances that it is susceptible to total collapse.
Right now my investments revolve around Google Gold. use promo code investinyourfuture.
Kidding aside, my rule is when lots of people are paying attention to something its to late. I'm sure there is a bunch of bargains in the stock market - will be talking about in 5 years or so.
Kidding aside, my rule is when lots of people are paying attention to something its to late. I'm sure there is a bunch of bargains in the stock market - will be talking about in 5 years or so.
HarveyJ
He is - THE CACTUS!
Gold & silver will always have ah igher value than "money" simply because they are both finite and both amazingly useful in industrial applications, which makes them more finite.
Money is generally a poor conductor, and people want the best quality HDTV around... So more gold goes off the market and into manufacture.
As for the best place to get gold? Swap meets, jumble sales and middle-of-nowhere antique stores that haven't updated their prices since they first bought the item 8 years ago. Of course, with that kind of crap, avoid getting real antiques that will have their value driven up by age and design. Jewelry from the 50s-70s is pretty gauche, and often cheap.
Of course, the problem with actually having the gold is being able to sell it again.
IF there's a market freeze (unlikely, but you never know), you're entirely fucked. Even if there isn't, good luck finding a place that will give you market rates.
Money is generally a poor conductor, and people want the best quality HDTV around... So more gold goes off the market and into manufacture.
As for the best place to get gold? Swap meets, jumble sales and middle-of-nowhere antique stores that haven't updated their prices since they first bought the item 8 years ago. Of course, with that kind of crap, avoid getting real antiques that will have their value driven up by age and design. Jewelry from the 50s-70s is pretty gauche, and often cheap.
Of course, the problem with actually having the gold is being able to sell it again.
IF there's a market freeze (unlikely, but you never know), you're entirely fucked. Even if there isn't, good luck finding a place that will give you market rates.
Of course. I keep saying this, and have given lots of tips here for finding the real stuff. My best yard sale find of the season: A pair of 14k gold and pavé diamond earrings worth about $400. I paid $3.
No problem. Google "metal refiner" in your area. Take your gold there. They will test it, weigh it and pay a premium for it.
Ebay.com is a good place to buy.
Sort listings by date added to catch brand new listings with stupid-low BIN. I've stolen many bars from people not knowing what to list their silver for.
Sort listings by date added to catch brand new listings with stupid-low BIN. I've stolen many bars from people not knowing what to list their silver for.
True, dat. The best results for people looking to steal stuff cheap is not to have results displayed as "Best Match." Change it to ending soonest, and you'll see many results from grandma and other people who don't know how to take good pictures and have old ugly jewelry. This is what you're looking for. (Hint: A lot of the 70s stuff is 10K, 80s and 90s stuff is more often 14K.)
I bought lots of cheap Ebay stuff that I resold (and kept). If you spend a lot of time there looking at jewelry, and know what you're doing, you can make an easy profit.
Don't buy anything that uses the "scrap" keyword because everybody's bidding on it. Look for old jewelry and ugly pictures. I once bought a gorgeous 22K cartouche with a long 14K chain for $45, and recently got a 10K white gold and 1/3 karat diamond pendant on a gold chain for $32 strictly at auction (I kept this stuff). I finally had to stop looking because even the bargains from there add up, and it takes up a lot of time which I have to use developing campaigns.
If you're serious about doing this for profit, go and buy an acid testing kit for $20. Don't be a cheapskate, it's worth it!
Of course. I keep saying this, and have given lots of tips here for finding the real stuff. My best yard sale find of the season: A pair of 14k gold and pavé diamond earrings worth about $400. I paid $3.
You really have to have an eye for the stuff though or you could get screwed.
I never cared a bit about jewelery so it all looks the same to me.
Lol I actually heard some idiot saying the .2% drop means the economy's turning around. Some people want it so badly they can't see the shit that's in front of their faces.
