Skip to comments.The “Zero Hour” Scenario (Default On Precious Metals)
Posted on 03/10/2013 9:40:58 AM PDT by blam
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Bring back US manufacturing, and none of this discussion would be necessary.
Stop exporting US jobs.
Thanks for your astute answer to my question.
You are welcome.
For 30 years we have been sending US jobs abroad. We have switched places with China.
Except China owns all the manufacturing we are sending there.
We are creating history’s largest problem, right now.
If you wish to invest in gold stocks, that’s fine. Although I own PMs and have invested in and traded PM stocks in the past, I do not like them now. That doesn’t mean I may return to them in future...but I think investing in them is kind of wrong now. That’s just my opinion.
But GDX is IMHO absolute poison. GDX is a Goldman Sachs fund and they use it to short mining stocks by shorting the whole sector. It is poorly diversified, about 12% ABX and about 12% GG, the rest little snippets of about 1% or less of many other companies. I heartily unrecommend it.
Thank you. I was unaware that the coin weighed more than 1 troy oz.
The South African Krugerrand is 1.1 ounces, 1.0 ounces is gold and the other .1 ounce is copper. Pure gold is to soft to make into coins without an alloy. The copper gives the Kruggerrand it's distinctive 'red' hue. I bought many of these in the early 90's for $382.00 each.
I wish I had kept more of them than I did.
I lost mine when my dumb neighbor stood up and my bass boat tipped over.
Looks like some folks want more of that gold money in stocks and bonds for now.
PM = precious metals, not just gold and silver but also palladium and platinum
You have to buy them from somebody on the USG’s list of dealers, who are themselves charged three or four percent to start with. You can’t buy them direct from the mint or the treasury.
Thanks, but not looking to. I’m in Philharmonics.
My Philharmonics say 99.99% or am I missing something?
What part was silly?
My friend did keep her mouth shut.
She told no one. I am her friend and business partner and I had no idea that she had physical PMs until after the incident.
She did everything right and still almost got murdered. Her only screwup was not being armed 24X7. She and hubby were unarmed when the surprise stickup went down.
My point is that when you order PMs from another state, someone at UPS/Fedex knows that a package left a PM seller and went to a particular address. It could be a driver, clerk, manager, or whatever.
Or it could be an employee of the bullion seller who sells the info on the black market for money. It could have been a bank employee who knows what credit cards numbers and addresses are tied to bullion sales.
So how do you practice OPSEC?
PM = precious metal, i.e., gold silver platinum
Who Owns The Federal Reserve?
The Fed is privately owned. Its shareholders are private banks