Skip to comments.Sales of gold up on eBay amid stock market turmoil
Posted on 08/14/2011 2:01:42 PM PDT by Eleutheria5
SAN FRANCISCO -For gold sellers on eBay, the recent stock market turmoil has been a boon for business.
Gold and silver sales on eBay had already been rising steadily over the past several years so much so that eBay Inc. created a special area in May to make it easier for buyers to find sellers.
Now, activity is intensifying as consumers unnerved by the economic uncertainty flock to gold in hopes it will be a stable investment.
The stock market just ended one of its most volatile weeks in years. Through most of last week, the average selling price increased for gold bars and coins.
(Excerpt) Read more at aolnews.com ...
I know your kidding but try digesting a 21 kt gold herring bone gold chain. You will get agida for real.
Last time around our loving government forced everybody to turn in their gold at $21/oz and then set the price at $35/oz.
Just add some zeros next time.
Oh, did I forget to mention that private ownership of bullion and coins - including US gold coins - was a crime for decades thereafter?
I’m banking more on the lead market.
Buy reload equipment and supplies. Lead is only as good as the chamber it fits into.
Good plan. With enough lead one can retain ones right to own gold. Actually, one can retain ones right to own all of one’s posessions.
Forget gold, buy lead.
I have found as many others have that the world PM markets are manipulated.
I use ebay as a good indicator of current silver prices....
And no doubt all the holders will rush to turn in their gold.
Not so much. And if they come door to door for it, they will get a lot of lead and copper mixed in.
I have found this website to be a very useful source of information on the economy, gold, and silver.
Yes, all that is true. The government defaulted in 1933, and stole everyone’s money. Well, silver remained until 1964. Then they stiffed foreign central banks in 1971. In 1982, they stopped making _pennies_ out of copper!
Since that time, the government has racked up more and more debt, the sign of a government that may well default again, this time by simply printing.
What makes you think the government would want to confiscate some kid’s coin collection at this point? I just don’t get this angle.
They don’t have to physically take your gold to prevent you from using it.
A goodly chunk of merchants will be unwilling to accept illegal gold, and a goodly percent of them would be quite happy to turn you in as a hoarder.
And then there’s the reward money...
Every gold based transaction is an opportunity for public excoriation, fines, jail time or a lethal firefight.
That tends to chill the market a bit, no?
All money is the government's money, Citizen...
I'd also guess you don't get the point of shutting down lemonade stands either.
The whole purpose of having power is the abuse of power.
Yes, governments can do all that, and more. But those are the hallmarks of an increasingly desperate and tyrannical form of government. Trust in government is already at historically low levels and those kinds of actions would probably be extremely counterproductive in that it would be an overt admission that the markets, currency, and economy has only one direction - down, and would also serve to accelerate capital flight out of the country.
I have often thought about exactly what you just posted.
There was a very wise lady financial expert on FOX News about 2 years ago. Everyone was saying that gold would be the "safe haven" even if we were at the stage of a Depression.
She reminded everyone was FDR did.
Then she said something that shocked the panelists (paraphrasing, but this is what she said:
"You guys don't get it. All the government has to do is impose a 95% tax on the sale of gold before they declare it illegal to own it again. Either you are taxed out of owning it, or they fine and imprison you for owning it. History tells us that the majority of citizens will comply."
There might not be anyplace "safe" overseas to put said money and capitol.
Think about it - if he worldwide economy has melted down, and the G20 meet in Geneva to talk about "emergency measures" that would definitely include talks about moving towards a single global currency (and that will happen), then don't you think they will all collaborate in order to prevent capitol and wealth from flowing out of one country and into another?
Answer: of course they would! They would have to.
You are assuming that this administration does not want to destroy the country.
Check your premise.
Please, I beg of you, provide any example you can that indicates you are correct, that this administration wants the country to succeed.