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 Replies: 33 / Views: 2,672 |
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Pillar of the Community
United States
1203 Posts |
quote:
Originally posted by crystalk64
Believe me when I say all the mines are now MINING at full force just as all the little oil wells scattered all over the U.S.!
Not quite Terry, as I know of at least two small silver mines in Montana which hasn't started up as yet. I know they are thinking of doing it, but just haven't pulled the trigger yet. As for all the oil wells pumping, that isn't true either. There is a whole valley just south of here that has wells shut-in and no sign of start up at this time. They will need to be cleaned and refitted befor an ounce of oil will be drawn. Sorry times aren't bad enough to cause ALL of them to be opperationg. Just give it time. |
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Pillar of the Community
Belgium
2078 Posts |
There are a few considerations
First gold is pretty but saved many a prisonner in concentration camps during WWII from euh euh being overheated so did diamonds
My grandfather spent a whole war in the South of France on the back of gold Double Eagles he was to old to fight but not to old to die
My mother had the gold sewn in the waist and hem of her skirt
Second all the gold on the books of the European Central banks is probably just that ; ink on a piece of paper because it probably was lent for 1- 3% intrest and sold by the lender who got 4-7% intrest and is unlikely ever to return it ( The lender might pay for it though in the currency of his convenience )
Third it takes like 5 to 10 years to find a new mine and bring it into operation
Whence 2010 seems the first date at which production may increase significantly
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New Member
United States
14 Posts |
You are all very interesting............I remember the 1980 gold spike..........The best I can figure at this point in history is that those who control us do not really care about the little person. Simply put.......Gold is purty and we as collectors look at both sides of the coin........We want to acquire a coin and not have to put up with the politics that go along with it......In away it is sad and yet it is a fact of life that no matter what happens with the price of GOLD and SILVER we will always be on the side of value of mintage and the love of the hobby.....
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by crystalk64
Believe me when I say all the mines are now MINING at full force just as all the little oil wells scattered all over the U.S.! The sad part of all of this is the little guy and the average collector is now being squeezed out of his love of the hobby. Big money and the rich man is about to take over! Darn the luck!
The rich will believe the big article writers On an investment forum somebody bought 400 000 dollars worht of MS 63 Gaudens and paid 20% over melt and got 20 % below melt when he sold Lucky for him he still made some money I do remember that in the 1980'ies a lot of premiums disappeared like the premium on old sovereigns went from 25% to zero So I wonder about guys preaching gold and the premium will rise on MS 63 St Gaudens (like in attached article ) Well my St Gaudens are MS64 to MS66 and unslabbed  http://www.gold-eagle.com/editorial...d050806.html |
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Valued Member
United States
58 Posts |
quote:
Originally posted by Andrew
You are all very interesting............I remember the 1980 gold spike..........The best I can figure at this point in history is that those who control us do not really care about the little person. Simply put.......Gold is purty and we as collectors look at both sides of the coin........We want to acquire a coin and not have to put up with the politics that go along with it......In away it is sad and yet it is a fact of life that no matter what happens with the price of GOLD and SILVER we will always be on the side of value of mintage and the love of the hobby.....
Andrew... I like you're perspective, especially since according to your profile you weren't even alive in '80 [:p] And, no, "those who control us" do not care about the "little" person. To them we are drones. How else can you explain charter schools and No Child Left Behind? [:0] |
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Valued Member
United States
79 Posts |
Gold and silver prices were depressed for 25 years!!! Seems to me we have a lot of catching up to do. This oil scam has been perpetrated on us before tims 2.The rich keep getting richer every time with the blessings of our polticians.Profits are what keeps our country going,but jail Joe Lunchbox if he doesn't follow all the rules.
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Pillar Of The Community
3147 Posts |
I received a "warning" so to speak concerning the stock market plunge that is due to take place on or around May 31st! If you are thinking of selling anything off now would be a good time as this old boy who issued the warning hasn't missed a shot in over 10 years! Sometimes I think maybe he has inside info the rest of us are not privy to? Just thought I would pass this strong rumor on to all of you who play the markets and in about 3 weeks we will actually know just how accurate the old boy is!!!
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Pillar of the Community
Belgium
2078 Posts |
I have been reading and posting on Capitalstool for nearly 3 years in the goldminer section This is a bear site Even they do not believe the FED will allow the stockmarket to fall they need foreign money This week is SCAM week ( option expiration ) I have nothing but goldminers and gold If they kill the goldminers my gold will go up  The highest danger is in anything to do with homes builders lenders because the real estate market is ready to crash and anybody that does not have fixed loan may loose his home very quickly and the changed bankrupcy loans will follow that person for a very long time http://www.capitalstool.com/forums/...showforum=24 |
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Pillar of the Community
United States
1703 Posts |
quote:
Originally posted by crystalk64
I received a "warning" so to speak concerning the stock market plunge that is due to take place on or around May 31st! If you are thinking of selling anything off now would be a good time as this old boy who issued the warning hasn't missed a shot in over 10 years! Sometimes I think maybe he has inside info the rest of us are not privy to? Just thought I would pass this strong rumor on to all of you who play the markets and in about 3 weeks we will actually know just how accurate the old boy is!!!
Terry, While I agree with this senario, I think metals will rally arounf the first week in June. Terry |
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Pillar of the Community
Belgium
2078 Posts |
Terry and Terry I just realised we may be talking about different things It is fairly sure the broad stockmarket will crash with GM and google and microsoft and intel etc It is not so evident that the gold and silver miners making money will crash for longer then a few weeks And it seems more likely that the price of gold and silver will go up whilst the dollar goes down I just arrived at about the same conclusion that the goldcorrection my be over by the end of next week  |
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Pillar Of The Community
3147 Posts |
Lets just wait until mid-June and see what direction everything is headed. Gold and silver will begin another upward spiral which in all reality will be caused by demand as the rich bail out of the stock markets. (Isn't it amazing how the filthy rich ALWAYS know when to bail out?) And, of course the little guy gets caught holding the bag so to speak! Precious metals are far from done this year and I still believe its going to be one wild ride!
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Valued Member
United States
458 Posts |
quote:
Originally posted by crystalk64
I received a "warning" so to speak concerning the stock market plunge that is due to take place on or around May 31st! If you are thinking of selling anything off now would be a good time as this old boy who issued the warning hasn't missed a shot in over 10 years! Sometimes I think maybe he has inside info the rest of us are not privy to? Just thought I would pass this strong rumor on to all of you who play the markets and in about 3 weeks we will actually know just how accurate the old boy is!!!
Well it already started in case your buddy has not noticed--The markets DOW & NASDAQ have been in a tailspin since last week--My 401 accounts have been HAMMERED by these losses--Even so I hold onto to everything---The bulk of the spins is IMHO already done the damage--Most already took their profit(s) and ran-Soon they'll jump back in when they think it has bottomed out- Gold continues to spin downwards--a WHOOPING $21.30 loss yesterday, I think that is the highest I ever seen--Some say it will bottom out at $585 before ROARING back--I say if it continues to spin down to 585, buy buy buy while you can--Have you seen the new price the US Mint is now charging for the 4 peice gold proof sets--WOW-- CiScO |
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by crystalk64
Lets just wait until mid-June and see what direction everything is headed. Gold and silver will begin another upward spiral which in all reality will be caused by demand as the rich bail out of the stock markets. (Isn't it amazing how the filthy rich ALWAYS know when to bail out?) And, of course the little guy gets caught holding the bag so to speak! Precious metals are far from done this year and I still believe its going to be one wild ride!
The filthy rich know when to bail because their brokers and funds who are making it happen tell them after they are themselves set to profit to the max of what they are initiating themselves There is an infamous forum that calls the shakers the PIGMEN And if something goes wrong there is allways a country to bail you out like England bailed out the London Metal Exchange on copper because they had brokers who had clients that could not meet the margin calls anymore  |
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Pillar of the Community
Belgium
2078 Posts |
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Valued Member
United States
458 Posts |
This is Unbelievable--Another $23.60 loss in gold today-[:0]-Closed at $657.00--WOW!! I don't think I have ever seen 2 days of gold losses of this magnitude--Interesting to watch--If it keeps going I might be able to afford some $20 Saints again- -If price drops enof--I'll be buying ALL I can git whilst I can--Unfortunately ebay is not the place at this time (today tommorrow)--since many of the auctions were on going when gold prices were HIGHER--If prices continue to spiral I will be a player again---I promise ya!! |
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Replies: 33 / Views: 2,672 |
First Page
Posted 05/11/2006 07:38 am
