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The “Zero Hour” Scenario (Default On Precious Metals)
The Daily Reckoning ^ | 3-10-2013 | Addison Wiggin

Posted on 03/10/2013 9:40:58 AM PDT by blam

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To: blam

I guess we are finding out how the whole idea for the 12 trillion dollar Platinum coin which washes away or backs all of our National Debt came from.

They have been doing pretty much the same thing with gold for the last decade or so.


51 posted on 03/11/2013 12:24:47 PM PDT by rdcbn
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To: Roccus
"Why would anyone pay the spot price for 1oz of pure gold (99.99%) for a 1oz coin coin that is only 91.6% gold?

The Eagle contains 1oz of pure gold, and a little bit of silver to make it a tougher coin. So you get 1oz of gold and aprox. 1/10th of an oz of silver thrown in for "free".

But I do prefer Maple Leafs myself.

52 posted on 03/11/2013 12:30:16 PM PDT by Jack Black ( Whatever is left of American patriotism is now identical with counter-revolution.)
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Comment #53 Removed by Moderator

To: yorkiemom

Roosevelt decided what price to set for gold, and then confiscated it at that price. Was that FMV? Who knows?


54 posted on 03/11/2013 12:36:24 PM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: Travis McGee
Some coins are “soft” pure gold. Canadian Maple Leafs, Chinese Pandas, and some others.

Bet they are pretty. The silver Maples sure are.
55 posted on 03/11/2013 4:32:05 PM PDT by yorkiemom
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To: Former Proud Canadian
Roosevelt decided what price to set for gold, and then confiscated it at that price. Was that FMV? Who knows?

Probably not, I'd guess.
56 posted on 03/11/2013 4:32:38 PM PDT by yorkiemom
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To: Travis McGee

Trav! I’m CERTAIN you mean it’s lost at sea as it all fell off of ‘The Busted Flush.’ ;)


57 posted on 03/11/2013 5:57:27 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Roccus

“Why would anyone pay the spot price for 1oz of pure gold (99.99%) for a 1oz coin coin that is only 91.6% gold?”

I thought I was pretty gently, considering your statement on a gold thread.


58 posted on 03/11/2013 6:31:26 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: yorkiemom

Yep. Just gotta take care of them, and keep them in their sleeves. Nothing is golder than pure gold. Krugerrands look like copper pennies next to them.


59 posted on 03/11/2013 6:32:27 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: darth

Thank you very much!


60 posted on 03/11/2013 7:58:17 PM PDT by doc11355
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To: Former Proud Canadian

I thought the going rate at the time was $20 per ounce.

FDR devalued the dollar from 1/20 of an ounce of gold to 1/35 of an ounce after the confiscation.


61 posted on 03/12/2013 4:32:36 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Roccus

Roccus, you seem to be laboring under a false impression, namely, that individual freepers set individual rules on this forum.

They do not.

I have been very polite to you, and if you don’t like it, then you can ignore me, or you can find another forum more to your liking.

That’s how it works here.


62 posted on 03/12/2013 1:41:20 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: DuncanWaring

That’s right, and thereby he confiscated a big chunk of the value of the privately held gold.


63 posted on 03/12/2013 1:42:01 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Travis McGee; Admin Moderator
You and I had a go-around a few months ago. I told you then I had no interest in dealing with you any more. My FReepmail to you to "LEAVE ME ALONE" evidently made no impression either.

STOP HARRASING ME!!!


64 posted on 03/12/2013 1:46:51 PM PDT by Roccus
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To: Roccus
I've been harassed by experts.

What he's doing is not harassment.

65 posted on 03/12/2013 2:07:30 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Roccus

I have not said one impolite word to you. What is your problem? You do realize that this is a discussion forum, yes? That means, back and forth...discussion. If you feel “harrassed” by polite discussion, perhaps you are not on the best forum for you.


66 posted on 03/12/2013 7:34:44 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: DuncanWaring

I think somebody is off their meds.


67 posted on 03/12/2013 7:35:19 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Roccus
My FReepmail to you to "LEAVE ME ALONE" evidently made no impression either.

FreeRepublic does not exist to provide you a platform to disseminate your genius.

The implicit rule here is "if you have something to say, be prepared to defend it."

If you are not prepared to engage other FReepers, you don't belong here.

68 posted on 03/12/2013 7:40:24 PM PDT by papertyger (It's only "hate" if you're conservative.)
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To: Roccus

Jeez - if you’re going to go all king-size bold, at least spell the GD words right!

Large misspelled words are painful to see.


69 posted on 03/12/2013 7:58:20 PM PDT by headsonpikes (Mass murder and cannibalism are the twin sacraments of socialism - "Who-whom?"-Lenin)
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To: Travis McGee

I’ve been seeing a lot more of that around here recently.


70 posted on 03/13/2013 5:22:18 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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