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Posted on 08/04/2011 8:57:51 AM PDT by SeekAndFind
Just called my local coin supplier, no soap, he has no Gold or Silver coins, he has some 100 oz and 1000 oz silver bars but no small coins, also bullion silver, such as pre 1964 dimes quarters and halves are harder to find than hen’s teeth Check Grand Pa, he might have some gold or silver teeth you could sneak away from him.
Yes, of course not.
The only way I would ever use gold for food, gas, etc., is if it was all I had available to me.
“Historically the last move up on a commodity based rally is a parabolic move.” Are we entering that portion of the gold rally now? Hard to say.
Gold is up about 15% per year for the last 10 years. Some years more, some less.
Parabolic is like in 1979-80: A new record high, followed by quadrupling in price in 1-1/2 years, including a 25% rise in the final two weeks.
Which has no relation whatsoever to the current run—up, even the recent faster run-up that has a number of similar counterparts during the 10-year bull.
there are several small gold refineries selling 1 gram of 24K gold, with assayers certificate for around $70 - $80 at present
Much wiser is to buy silver if you can’t scrape together a few thousand a year to buy a one ounce coin, or to buy 1/10th ounce coins.
gainesvillecoins.com has low prices on surprisingly small quantities.
If the US were on the gold standard, how much would an ounce cost?
They seems good. gainesvillecoins.com beats them on price by a little bit, and are excellent to work with. If you’re spending five figures at a time, tulving.com is the best.
How is the cashier supposed to give you your $1500 in change since neither you or the grocery store will accept paper money?
Civilization has mastered this millennia ago. It’s not rocket science.
Dear FReepers in the know- my husband and I have a bit of cash set aside. Will it be worthless in a few years? Should we buy land with it? Gold? Silver? I’m sorry if I sound clueless but, you know, we just work and save our little dollars, but I don’t want to turn around one day and it’s gonna be worthless.
Find a coin dealer in your area that buys and sells ‘junk’ silver. Most buy and sell very used coins based on their silver content. These are coins pre-1964, most of which were 80% silver.
Yeah. No kidding. It’s not rocket science and it’s obvious that you are not a rocket scientist either. You missed my point entirely.
But the good news is that the FReeper I was conversing with understood my point completely.
But thanks for chipping in with your two cents.
Just called my local coin supplier, no soap, he has no Gold or Silver coins...
There are lots of other good options, like the one I’ve mentioned in many posts here, and have no affiliation with, other than as an occasional customer.
Get a better dealer who actually deals. He sounds like an amateur small fry.
The value of a dollar was traditionally set at something like 1/35th of a Troy ounce. You would have to know how many dollars are out there andnhow much gold we own.
Hey Bubbs, be advised that I do not have a product. I do not work for a gold refinery, coin shop, pawn shop or gold retailer. I do not endorse or promote any retailers or their products and services. Furthermore, I do not control the prices they charge. If you have a problem with the prices that retailers and refineries charge, I suggest you bust their chops, not mine.
(If you think $70 - $80 is fiscal rape, try buying a 1 oz. Gold American Eagle coin from Goldline. Current gold price is $1649.90. Yet a retailer will charge you well over $2000 for that coin. How do you like them apples, Buttercup? I can’t give you a firm price because Goldline doesn’t list their prices. You have to call them for a quote.)
More importantly, I was simply responding back to a fellow FReeper’s question. The price of $55 per gram was accurate at the time of my posting. It’s not my fault that commodity and stock prices fluctuate every second of every minute of every day. The information I provided is readily available online from Goldline, Pampe Suisse, Credit Suisse, IAR, or Kitco.com. Complain to them about their prices. Or better yet, why not complain to the US Mint, US Treasury Dept, Wall Street, George Soros, or the billions of Chinese and Indians that are gold crazy. They are the ones driving the parabolic rise in gold prices.
I hope that clarifies things for you.
Have a pleasant evening.
Hey Beelzebubba
Wanted to add one more comment to our conversation:
Stop acting like a liberal and stop accusing me of promoting a product when that is exactly what you are doing. I don’t have website, nor do I sell gold. But you do appear to be pushing people very hard into purchasing silver “scrap” coins.
Yeah, I’ve looked at your posts on this thread and others and noticed you are pimping a website (yours?!) at every opportunity. I counted 2 seperate posts from you on this thread promoting gainsvillecoins.com.
Bad form, Dude. And Ridiculous. That’s worse than people who pimp their blogs on FR. If you want to promote your business to fellow FReepers, fine with me. Just don’t ever accuse a fellow FReeper of pimping, Pimp.
It’s perfectly acceptable to disagree with others on this forum, and I won’t deny that you seem to have a firm grasp of the PM market. But that doesn’t excuse you from chastizing me or anyone else so that you can pimp your business.
I counted 2 seperate posts from you on this thread promoting gainsvillecoins.com.
If you think $70 - $80 is fiscal rape, try buying a 1 oz. Gold American Eagle coin from Goldline. Current gold price is $1649.90. Yet a retailer will charge you well over $2000 for that coin. How do you like them apples, Buttercup?
http://www.gainesvillecoins.com/products/157597/1-oz-gold-american-eagles-2011-999-fine.aspx
$1775, paid by credit card (plus maybe $20 shipping) for a 2011 American Gold Eagle G$50 1 oz (Brilliant Uncirculated) Condition.
I suspect your testiness on the subje3ct has more to do with your situation than it does with trends and predictions about the prices of precious metals. You seem angry.
Just don’t ever accuse a fellow FReeper of pimping...
Call it the free market competition of ideas.
I’ve heard of gainsville coins, but not looked into them, maybe I will. FReep on, and thanks for the tips!
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