"Gold Will Hit $3000, Gold Will Hit $3000, Gold Will Hit..."

The golden one touched the 1670 mark early today, and pulled back a bit to 1662 (buuuuying window, lol)

I plan to still buy, but my Eagle from Fredd was my last purchase, getting me to 40 grams of the mysterious yellow metal we all love so, and been hanging around 76 oz. of the silver stuff as well. Silver has almost hit 42 very under the radarish as gold blows away records day after day lately....

I spotted two of those worlds smallest 3/4 Liberia, with real bad picture and listing. Guy said "I not know more than you see", so needless to say my 30 dollar bid was all I was gonna risk, and it got past by in no time. I could tell one was Martin Luther King, as I could make out the Pentagon off to the side, which I know for a fact is Martin Luther King 25 dollar one, via 3/4 an oz., so I figured the other is as well, so 1.5 grams of gold. I let it go, but someone got a great deal as it went for 43 total, that is 21 and a half bucks for 3/4 a gram of gold each probably. Not bad at all....

http://cgi.ebay.com/ws/eBayISAPI.dl...:MESINDXX:IT

Lastly, I found this other site, and I will not post it and give it advertisement, as I figure it would get yanked, the link that is. But here is a copy an paste, one fellows thoughts on these coins I like so. Geee thanks, I guess I am on the dumbest human on Earth list, lol....


"More of the World's Smallest Gold Coins from Liberia
Quite why anybody would want to buy one of the world's smallest gold coins, we don't know. OK, we could understand a collector buying an ancient coin, or a real coin, made for circulation, with some historical significance attached to it. We can also understand collectors and investors who buy large coins coins, or specially produced collectors' coins providing they possess some attractive or interesting feature, perhaps a beautiful design, high relief engraving, or numismatic aesthetic appeal, but this coin struggles to provide any sensible reason for intelligent people to desire one.
Perhaps it started as a wager in the marketing department of some numismatic issuing house. You can imagine the scenario, perhaps on a hot Friday afternoon, too late to start any real work. Somebody idly asks what the worst product they have ever successfully marketed. Perhaps it was a personal challenge to a marketing superstar. Hey, Eric, could you get people to buy the world's smallest gold coins? They would be very cheap to make, and appeal to people with very little money, because we could sell them for next to nothing, and still make great profit margins.
Well, here is the result!
We will be returning to this page soon, to add a few more comments, it's quite difficult to describe without using taboo words or obscene language.
Certificate?
These coins comes with a small piece of paper which describes itself as a certificate of authenticity.
The piece of paper isn't large enough or soft enough for a better purpose
The diameter stated on the certificates is "11 mm (Approx .5 in.)". We are glad it says "Approx" as .5 inches equals about 12 mms, therefore the diameter in Imperial measure is overstated by 9%, which is quite a large tolerance, even for something marked as approximate.
We measued it to be 11.2 mms.
It states it to be of .999 gold,
Interestingly, the "certificates" do not bear the name or other contact details of its issuer, although there is a shield logo. Whoever had the gall to issue these coins, or promote them, obviously decided discretion was the better part of valour when it came to owning up, and putting their name on the certificate.

ebay Conmen
Although we don't have a high opinion of the coins, or of the people who originally issued them, we have an even lower opinion of the numerous people who flog these these things on ebay as miniature Krugerrands, and assorted other dodgy descriptions.
More to follow..."


I Silverhawk74 like them for their image of historical figures, the pure gold, under the radar and fair prices, in a world where low gold prices are becoming way far and few between. And what does that writer above know, he misspelled measured, lol. What no spell check? By the way thanks to spell checks, my spelling is waaay worse than ever, I have been dumbed down by technology....

"Art and coins find beauty in the eye of the beholder"

All to true Junior. And I figure with a world of billions, there must be a few others that like these coins as well, and see the positive factors for owning gold in smaller dnominations, as it climbs in price....

Well back in 2006 I bought six of the one ounce Gold Buffalo coins, almost right away I had to sell one my daughter lost our first grand child at seven months and I sold one to pay for the funeral for her.

Then as gold climbed I sold three more at around $1300 each and bought silver with them now now sorry I sold them. I still have two sent them to NGC they came back graded PF70 both of them.

Have allot of silver at least 260 ounces maybe more so if it goes up that will be good for the kids as I have no plans in selling it but you never know what will happen?

When I consider the prices for PMs, I like to look back at the price history of the past 10 or so years. During this time, gold went from about $260 per oz. to about $1660 per oz... a more than 600% gain. If gold was able to do this during the past 10 years, is anything stopping it from doing so again? Not that I can see. We still have the same politicians and Fed administrators in charge of the US economy and the US dollar. Their policies have failed miserably, yet they continue to indicate that failure is not a sufficient reason for switching to a different policy. If it isn't, then what is? In any case, another 600% gain in the price of gold would put it at $9960. Not saying that gold prices WILL do this, only that they CAN... because anything that has already happened once can certainly happen again.

Very true parklane!

Anyways, ended up getting 2 10gram bars over the weekend before markets opened sunday night. Shoulda Would coulda got more, but what can you do!

I think silver and gold will do well with the financial situation ahead of us. I think that gold will continue to climb until average JOE's can't afford to add to their portfolio. At that point I think we average JOE's will buy silver and gold buying will be left to the dealers, millionaires and billionaires. At this point silver may run at several percentage points per day until it hits the inflation adjusted high and beyond. At that point you heavy hitters in the silver game will add significantly to your retirement funds and fun money.

Hay happy birthday Ed mine was Tuesday.

Thanks, Bruce... and happy birthday to you too!



Gotta stop smacking yourself around like that, Vinny. There are MANY twists and turns in this life and NOBODY gets them all right. If we do our best and get most of them right, we are doing great!