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the metals bull is over look out below
hootchiegirl
Posts: 222
this does not look pretty
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Puro's Coins and Jewelry
Rutland, VT
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Buy, sell and trade all coins, US paper money, jewelry, diamonds and anything made of gold, silver or platinum.
<< <i>after oil goes up and after the stock market goes down. >>
Oil ain't going up, and the stock market ain't going down. The bugs have hit the zapper.
Russ, NCNE
Why should it change now, yes some ups and downs, but overall an upward trend.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>Read a 100 year old newspaper. Same stories, but most everything keeps going up up and away! >>
Except gold.
Russ, NCNE
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<< <i>
<< <i>Read a 100 year old newspaper. Same stories, but most everything keeps going up up and away! >>
Except gold.
Russ, NCNE >>
A hundred years ago, gold was about $20 an ounce............
The name is LEE!
Gold could easily be 40.00 - 60.00 higher or lower in the next few weeks, and light sweet crude could move hard either way also.
<< <i><< Read a 100 year old newspaper. Same stories, but most everything keeps going up up and away! >>
Except gold.
Russ, NCNE >>
A hundred years ago, gold was about $20 an ounce............ >>
And that same $20 invested in the stock market would be about $14,000 today, and would be even more if invested in real estate. Gold has never been, and never will, be a good investment.
Russ, NCNE
<< <i>We'll see what happens after the elections, after oil goes up and after the stock market goes down. >>
Do you think Oil prices are being kept in check because the election is approaching ?
<< <i>The data always looks scary. Read a 100 year old newspaper. Same stories, but most everything keeps going up up and away!
Wrong. 100 years ago there was very little socialism in the USA. Now it's becoming economically comparable to where China used to be.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Do you think Oil prices are being kept in check because the election is approaching ? >>
Amazingly enough, there are some who actually believe that's possible.
Russ, NCNE
None of you would do it.
it can be expected to retain the absolute value of money
taking into account inflation. Gold is never considered an
investment except for those poor fools who try to time the
market, or who like to gamble on options and futures.
Camelot
Agreed, when compared to more traditional investments gold has never been a good performer over long periods.
<< <i><<< And that same $20 invested in the stock market would be about $14,000 today, and would be even more if invested in real estate. Gold has never been, and never will, be a good investment. >>>
Agreed, when compared to more traditional investments gold has never been a good performer over long periods. >>
But form $20 to $500-$600 in a century does give 3.25-3.5 percent annual appreciation, demonstrating that it is an excellent hedge against inflation. No, it is not an ideal long term investment asset but is good for handling inflation.
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I could have, in fact I did, predict this drop. Nothing new, it's all cyclical.
Silver will drop even further than gold through this month, then......... off we go again starting shortly after the elections are over.
Don't some people study history? This is a buying opportunity and I'm doing my best to take advantage of it.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
inflation is down
gold is down
the economy is strong and healthy so be sure to reelect your Republicans.
I stopped believing in fairy tales a long time ago. This manipulation will end as soon as the election is over.
<< <i>But form $20 to $500-$600 in a century does give 3.25-3.5 percent annual appreciation, demonstrating that it is an excellent hedge against inflation. No, it is not an ideal long term investment asset but is good for handling inflation. >>
Half of that gain has come in the last couple years. Prior to that anybody who held for that period was under water, WAY under water.
Russ, NCNE
prices will be right back where they were. Inflation will make it increasingly easy
for a few buyers to absorb available metal and prices will rise to stop them.
Thirty years of government spending have assured that at some point there will
be a choice between recession and inflation and the time is at hand. Indeed, re-
cession may not even be a viable alternative. Inflation doesn't automatically mean
higher metals prices but it should in the not too distant future.
long term, bullion is a great insurance policy, and the opportunity cost of having money there (versus stocks or real estate) is akin to having some assets "stored" in guns, ammo, canned goods, water source and water purification equipment, medicine and first aid supplies, camping-style survival equipment, and a deep freeze full of meat and a celler full of wine.
That is to say, good and comforting to have on hand, wonderfully useful if "things get bad", and in the meantime, not profitable.
Liberty: Parent of Science & Industry
Last year they didn't. Many years they don't.
<< <i>The stock market is up,
inflation is down
gold is down
the economy is strong and healthy so be sure to reelect your Republicans.
I stopped believing in fairy tales a long time ago. This manipulation will end as soon as the election is over. >>
If you stopped believing in fairy tales why are you still believing in election season manipulation? Do you think the president has a dial in his office to turn oil prices, inflation and gold prices up or down?
There was never a bull to begin with...I've been saying this for the last year. There was actually a real reason why Gold went up for a while.
Gold is a proxy for currency and an inflationary hedge. Most importantly, as China (and other countries) revaluate their currencies, their internal reserve requirements changed and they had adjust their gold position. They have paused for some time now.....and oh, Gold is no longer pegged to oil either so don't fall in that trap.
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ANA - Pay As I Go Member
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i><<< And that same $20 invested in the stock market would be about $14,000 today, and would be even more if invested in real estate. Gold has never been, and never will, be a good investment. >>>
Agreed, when compared to more traditional investments gold has never been a good performer over long periods. >>
The unspoken implication is that investment was made in American or British stocks. German, Russian, Japanese, and any number of other country's equities would be worthless today as governments changed, wars were lost, and many assets became worth zero. In some cases that included all equities and all deeds to real estate.
<< <i>
<< <i>Do you think Oil prices are being kept in check because the election is approaching ? >>
Amazingly enough, there are some who actually believe that's possible.
>>
I hear this from my friends on the left every day !!
We have a glut of supply at this time in the US, along with the fact that there have been no hurricanes.....Even after last years prediction
that this season could very well be worse than last.....We're all in the wrong business. We should be weather forcasters.....
<< <i>Should gold or does gold have an impact on numismatic pricing. If so how much? Is not a nice southern collectable gold piece bought when gold was $725 worth as much now even with gold at 568? >>
Precious metal spot prices have a direct effect on common issues. The rarest coins are completely insulated from that and are priced entirely by the rarity and numismatic activity (supply/demand). Those are the boundary conditions. Everything in between is affected according to its shades of grey in rarity and demand. The more common, the closer the tether to spot.
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This is not the sign of a weak market but one that is being pulled in both directions by very fundamental forces.
Oil ain't going up, and the stock market ain't going down. The bugs have hit the zapper.
Russ, NCNE >>
????? You know something the rest of us don't? (relating to the oil thing)
The sky is falling, the sky is falling...
nope it's just another metals investor
Why isn't the dollar going to survive? Because after you depreciate the dollar with trillions worth of debt, the dollar is basically worthless. But that's just TODAY and assuming that some time in the future foreign investors want their money back. But there's more.......
The national debt is just getting started. Baby boomers start receiving Medicare in 2011, and Social Security checks in 2014. What is currently a surplus that offsets the national debt will then flip upside down and cause deficits that have never been seen before. But that's not all.......
The trade deficit is not only at record highs, it's accelerating. In addition to borrowing money from the bank, the United States is writing bad checks too. Current forcasts are for the trade imbalance to get worse forever. This is not an exaggeration, as our oil supply dries up and we send more and more industry overseas, we will write more and more bad checks with no possible way to cover them. A trade imbalance can only be covered with gold or exports.
So you see folks, while it's nice to feel good about the economy and the future of the dollar, (and dollar priced assets like the NYSE) the reality is that gold and silver are the only lifeboats the average American has access to. I suggest that people buy as much as they can.
I was always under the impression where the real base to the price of gold came from (after all the investors bail out) was in the jewelry business.
The coin business is sort of similar isnt it? When all the investors leave who is left?
<< <i>All those predictions are real nice and all, but there is no chance that the dollar is going to survive, therefore gold and silver are two of the best possible investments for the long term.
Why isn't the dollar going to survive? Because after you depreciate the dollar with trillions worth of debt, the dollar is basically worthless. But that's just TODAY and assuming that some time in the future foreign investors want their money back. But there's more.......
The national debt is just getting started. Baby boomers start receiving Medicare in 2011, and Social Security checks in 2014. What is currently a surplus that offsets the national debt will then flip upside down and cause deficits that have never been seen before. But that's not all.......
The trade deficit is not only at record highs, it's accelerating. In addition to borrowing money from the bank, the United States is writing bad checks too. Current forcasts are for the trade imbalance to get worse forever. This is not an exaggeration, as our oil supply dries up and we send more and more industry overseas, we will write more and more bad checks with no possible way to cover them. A trade imbalance can only be covered with gold or exports.
So you see folks, while it's nice to feel good about the economy and the future of the dollar, (and dollar priced assets like the NYSE) the reality is that gold and silver are the only lifeboats the average American has access to. I suggest that people buy as much as they can. >>
Still a buyer.
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
(hint, you won't find any analysis) I guess gold is cooked.
Gold has never been, and never will, be a good investment.
Not surprisingly, gold has been a superb investment exactly when stocks have not been. From 1999-2006 commodities, gold and gold
stocks far outkicked the general stock markets. Nothing has been repaired in the economy from 2005. A few hedge funds have exploded which is a sign of what's coming. Gold has completed a major move. It doesn't imply by any means that it's over.
Lloyd: SELL ALL YOUR STOCKS and BONDS, and BUY GOLD!!!!!
None of you would do it.
Ok.....if you say so.
roadrunner
It's a whole lot more profitable to buy stuff rising and sell stuff falling and be done with it.
<< <i><< The stock market is up,
inflation is down
gold is down
the economy is strong and healthy so be sure to reelect your Republicans.
I stopped believing in fairy tales a long time ago. This manipulation will end as soon as the election is over. >>
If you stopped believing in fairy tales why are you still believing in election season manipulation? Do you think the president has a dial in his office to turn oil prices, inflation and gold prices up or down?
>>
Do you think the guys in the White House just sit back and "let" things happen?? You don't think they talk about what is needed to get a lot of November Reelections? This isn't about conspiracy theories, this is about power politics as usual.
How about a call from Ex Goldman Sachs Paulson to his home team on Wall Street with a "hey guys let's start some buying on the DOW. and a decision to release (sell or lease) some gold tons for sale the next month. Maybe a call to JP Morgan to remind them who bailed them out not too long ago.
I can't list all the ways they can move things in the short term to make it look good come November. A DOW high the month before election, why?? Huge corporate profits??? Lower trade defecits and low inflation??? I don't think so.
It's all about politics and reelection right now and they have a lot of short term tools to dress up the numbers for the next few weeks. After that reality will set in. The country is broke and in HUGE debt.
Read "Empire of debt" a good book about the current state of affairs.
Silver is all about above ground supply and availability and Industrial use and the fast growing medical/sanitization industry.
Gold is money, yes we mostly still trust our currency and it has never been devalued per se' nor called in. The rest of the world’s peoples may not necessarily feel that way. We are in a huge fast growing economy where the price of gold is not just traded in the US.
Where is this huge industrial growth? Almost everywhere but on this continent, primarily Asia, Huge demand for electronics and goods that use allot of Precious metals. Does anyone know how much precious metals are consumed in a billion cell phones along with other household electronics? I’m betting big numbers.
Even if consumer electronics demand globally goes down the tubes we still have...
Medical, look at the uses of silver in killing bacteria and the products they are starting to use them in, all non recoverable silver. Who worries about germs? Most everyone globally, I’m betting this Industry drain’s of big numbers down the road. Do some internet research, you’ll be surprised.
Wow, so many reasons why other than political economics, so little time and definitely a real lack in credible info.
Regards to all
Brian Kuszmar
Second Generation Coin Dealer
219 Commercial Blvd
Lbts, Fla. 33308
954-493-8811
Call anytime for
Coin, Currency & Precious Metals Questions
Second Generation Coin, Currency and Precious Metals Dealer
Coin, Currency or Bullion Questions?
Call anytime 954-493-8811
leaves me wishing my retirement plans we denominated in something OTHER than us dollars. since i can't put euros or pounds or some other currency in my retirement funds, gold and silver will do nicely. these are great buying opportunities for those that envision the course our elected leaders have placed us on.
getcha some gold and silver now. you will not regret it 10 years from now.
respectfully submitted
leap
<< <i>All those predictions are real nice and all, but there is no chance that the dollar is going to survive, therefore gold and silver are two of the best possible investments for the long term.
Why isn't the dollar going to survive? Because after you depreciate the dollar with trillions worth of debt, the dollar is basically worthless. But that's just TODAY and assuming that some time in the future foreign investors want their money back. But there's more.......
The national debt is just getting started. Baby boomers start receiving Medicare in 2011, and Social Security checks in 2014. What is currently a surplus that offsets the national debt will then flip upside down and cause deficits that have never been seen before. But that's not all.......
The trade deficit is not only at record highs, it's accelerating. In addition to borrowing money from the bank, the United States is writing bad checks too. Current forcasts are for the trade imbalance to get worse forever. This is not an exaggeration, as our oil supply dries up and we send more and more industry overseas, we will write more and more bad checks with no possible way to cover them. A trade imbalance can only be covered with gold or exports.
So you see folks, while it's nice to feel good about the economy and the future of the dollar, (and dollar priced assets like the NYSE) the reality is that gold and silver are the only lifeboats the average American has access to. I suggest that people buy as much as they can. >>
If all current trends were simply plotted forward and then we lived it then
you'd be right that the dollar can't survive. But the powers that be are well
aware of the problems and there will be changes made to affect these trends.
So long as productivity increases remain as robust as they have been it's not
impossible that this alone could avert the demise of the dollar, though large
numbers of unemployed could still provide a new host of problems.
The dollar will continue under pressure for the foreseeable future (ten years?),
but it might not be wise to write it off. It also might not be wise to put all of
one's dollar devaluation eggs in one basket. There is no certainty that either
metal will make up for the losses in the currency and in the event of a real finan-
cial collapse, no certainty that metals would enjoy any demand.
In all probability there will continue to be a shift toward hard assets as the cur-
rencies weaken. The wind will be out of the sails of the shorts and bears and
increases will be more orderly and of less magnitude as more people adopt wait
see postures.
<< <i>If all current trends were simply plotted forward and then we lived it then
you'd be right that the dollar can't survive. But the powers that be are well
aware of the problems and there will be changes made to affect these trends.
So long as productivity increases remain as robust as they have been it's not
impossible that this alone could avert the demise of the dollar, though large
numbers of unemployed could still provide a new host of problems. >>
If the United States was the first nation on earth, and someone suggested that we could turn the ship around and avoid going over the waterfall, I'd have to entertain the idea as possible.
The problem is that history teaches otherwise. It shows that almost every powerful nation from ancient Rome onward fell victim to a devalued currency once the politicians found a way to cheat the system. In Rome, it was debasing the coins and taking out the gold and silver. In France it was simply running the printing press. In the United States, we sell foreign governments bond obligations that can never be repaid.
What's really shocking however is that not even the government itself can plan a way out of this mess! The CBO actually predicts a major budget deficit all the way out to 2015, (CBO website) and even these projections assume growth in the economy every year until then. (meaning there will be no more recessions)
So what's the alternative? I've been buying silver since 8/5/04 (in fact here's the thread) and will not stop until my bank runs out of room in their vault. The U.S. Dollar has had a good run, which is probably why so many people are going to be blindsided when hyperinflation actually starts.