Mistakes
Don Stott
Jul 22, 2008
http://www.coloradogold.com/archive/Mistakes-777.html
There are a few which people make, will make, or think of making.
(1) Switch gold for silver. It makes no sense, because you'll sell the gold at the 'bid' price, and have to ship it. Then, you buy the silver at 'ask' price, and pay a commission and shipping also.
(2) Sell numismatics and get bullion. No. Why? Because you'll sell your numismatics for a great loss.
(3) Don't try to out-guess the market by selling 'high,' and thinking you'll buy 'low,' and make a profit. No one knows what 'high' is, or 'low' is, so the attempt could cost you your metals.
(4) Sell your gas guzzler and buy a cheap to run car? Absolutely not! [..] it would take fifteen or twenty years for the new compact to pay for itself, and that's bad economics, no matter what you may say. This might even be a good time to buy a huge luxury car for a song. Sold by the fools who can't do the math.
(5) Plan on leaving the USA if it gets 'worse.' Where would you go? Wherever it may be, do you speak the language? Do you realize just how free and large America is, compared to just about any place on earth, regardless of who wins in November? Panama? Costa Rica? Argentina?
(6) Expecting the dollar to 'collapse.' You may have to wait a long time. While the buck has slid tremendously, and is worth maybe a couple of cents, compared to a hundred years ago, other currencies have slid too, and continue to slide. [..] I just don't think the dollar is going to totally 'collapse' any time soon, and if it did, and was replaced by something else, you would still have saved yourself with gold and silver.
(7) Thinking that barter with silver coins will be necessary eventually, is fantasy. [..] Barter is fun at yard sales, but a civilization or nation cannot exist without a currency. We buy gold and silver to protect us from politicians' universal practice of ruining the currency of the nation which put them in office. It's been happening for thousands of years, and won't stop any time soon.
Internet Censorship Alert
Internet Censorship Alert: Alex Jones exposes agenda to 'blacklist' dissenting sites (March 14, 2010)
As I predicted, the Obama Administration is trying to shut down the Internet - at least the parts he doesn't like. Barack Obamas regulatory czar, Cass Sunstein has stated that he wants to ban conspiracy theories from the internet. Think about what this means - Every video, every website, every blog, every email, that exposes or just criticizes the government for any reason whatsoever could be labeled a "conspiracy" and taken down. Your home could be raided in the middle of the night, and you could be carted of to jail for criticizing the government. All they have to do is call it a "conspiracy theory".
http://www.youtube.com/watch?v=aqAWmBLFodE
Showing posts with label bullion. Show all posts
Showing posts with label bullion. Show all posts
Wednesday, September 10, 2008
Thursday, August 21, 2008
A Fabrication Bottleneck or Something More
A Fabrication Bottleneck or Something More
GoldMoney Alert
James Turk
17 August 2008
http://www.goldmoney.com/en/commentary/2008-08-17.html
The Internet is abuzz with reports that precious metal dealers have stopped selling coins and small bars because they have run out of inventory.
For example, Franklin Sanders reports on goldprice.org that his inability to purchase product from his suppliers is something that he has never seen before in his "twenty-eight years of brokering silver and gold." On Friday afternoon, Kitco posted the following notice: "Due to market volatility and higher demand in the entire industry, we are anticipating delays in supply of all bullion products."
The rush out of fiat currency and into precious metals on this latest drop in prices is not just a North American phenomenon. The Times of India reports: "There is a shortage of the yellow metal in the bullion banks and traders."
The bottom line is that it is difficult, if not impossible, to buy coins and small bars. Mints and refiners are back-ordered. Dealer shelves are bare. But the question is, why? Is it just a fabrication bottleneck, or is something else happening?
GoldMoney Alert
James Turk
17 August 2008
http://www.goldmoney.com/en/commentary/2008-08-17.html
The Internet is abuzz with reports that precious metal dealers have stopped selling coins and small bars because they have run out of inventory.
For example, Franklin Sanders reports on goldprice.org that his inability to purchase product from his suppliers is something that he has never seen before in his "twenty-eight years of brokering silver and gold." On Friday afternoon, Kitco posted the following notice: "Due to market volatility and higher demand in the entire industry, we are anticipating delays in supply of all bullion products."
The rush out of fiat currency and into precious metals on this latest drop in prices is not just a North American phenomenon. The Times of India reports: "There is a shortage of the yellow metal in the bullion banks and traders."
The bottom line is that it is difficult, if not impossible, to buy coins and small bars. Mints and refiners are back-ordered. Dealer shelves are bare. But the question is, why? Is it just a fabrication bottleneck, or is something else happening?
Labels:
bars,
bullion,
coins,
fiat currency,
gold shortage,
India
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