• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Can I sell My Gold and Silver Now

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Thu, 04/28/2011 - 21:21 | 1218732 OrestesPenthilu...
OrestesPenthilusQuintard's picture

Sutton, Antony: The War on Gold

Thu, 04/28/2011 - 21:36 | 1218791 Newsboy
Newsboy's picture

Sure, I'll sell my gold.

Pay me in SILVER.

Thu, 04/28/2011 - 21:55 | 1218844 A Lunatic
A Lunatic's picture

I've tried that all week.......no takers.

Fri, 04/29/2011 - 00:29 | 1219261 mark mchugh
mark mchugh's picture

Interesting.....

Thu, 04/28/2011 - 21:39 | 1218804 dbTX
dbTX's picture

The war on poverty is really going well

Fri, 04/29/2011 - 00:39 | 1219274 Pool Shark
Pool Shark's picture

 

Haven't you heard?

The war on poverty is over.

Poverty won.

 

Fri, 04/29/2011 - 04:38 | 1219488 jeff montanye
jeff montanye's picture

nice.

Thu, 04/28/2011 - 21:40 | 1218806 Two Towers AU AG
Two Towers AU AG's picture

Maybe this helps.. I posted this in some other article as well..

Some news I got from my brother there is a silver futures exchange being opened in Mumbai, India where they are trying to access 1500 tons (approx 47,250,000 oz of silver) this year as reserves.. trying to get some valid leads to confirm this story.

calc done as 1500tons*1000 kilos per ton*31.5 oz per kilos = 47,250,000

one link from 04/26 is here

http://www.zimbio.com/Indian+stock+market/articles/Rm2L03Q7vwY/MCX+Silver+MCX+India+Silver+Price+Live+MCX

silver trading on MCX is ranked #1 by volume in the world.. and here is where the future trading is being introduced.. http://www.mcxindia.com/

 

Silver bitchezzzz

Thu, 04/28/2011 - 23:11 | 1219104 sellstop
sellstop's picture

I saw a headline on CNBC World a few minutes ago about a new silver exchange in India, i think.

gh

Fri, 04/29/2011 - 03:16 | 1219431 Two Towers AU AG
Two Towers AU AG's picture

Yes.. I saw it too.. thats not the point I was trying to make..  I live in the USA but I come from India and what I see in this bit of news is that if there is now an exchange in India trading silver futures then the silver trade is definitely moving out of the US.. Give it one year to surpass the trade volume on the comex and see the global prices of Silver decided in India... The appetite of India for consuming PM's is more than the combined appetite of "The Bernank  and Morgue" for the FRN's.

Thu, 04/28/2011 - 21:51 | 1218841 gwar5
gwar5's picture

Exactly -- highs adjusted for inflation are around $2400/$140 for gold/silver respectively.... and we're in much worse shape now.

The PMs are not going parabolic, the dollar is in a Kamikaze nosedive and the impact has not been priced in yet. People just don't want to think about it.

Don't forget, Paul Volcker was gagged and packed off to God's little waiting room somewhere long ago after a brief appearance. No chance of rate hikes to knee-cap PMs. Other things we lack: industrial base and our domestic energy tap has been turned off. Europe is no better off.

We remain surrounded by hostile Central Planners who want to destroy the USD as WRC as the solution to our problems. So, the day the Central Banks start selling gold, instead of holding onto it for dear life, is the day you'll know it is safe to come outside again.

 

 

 

Thu, 04/28/2011 - 22:10 | 1218896 W.M. Worry
W.M. Worry's picture

"Just to help you put things into perspective, in 1980 a postage stamp was $.15 cents, a gallon of gas was $1.25 and the Median Household Income was $17,710.00. "

I made $40K that year Trucking!! Fast forward 30 years and I'll be lucky to make $40K trucking. Good thing I was a custom home builder in the interim.

Thu, 04/28/2011 - 22:38 | 1218997 legal eagle
legal eagle's picture

You can sell it to me for spot plus $3.00, or APMEX, your choice

Thu, 04/28/2011 - 22:49 | 1219026 Hushups
Hushups's picture

"I believe precious metals investors would gladly trade gains from higher metal prices for a return to the days when real estate had value, stocks were constantly driving to new highs and jobs were plenty."

 

Happily and in a heart beat.

Thu, 04/28/2011 - 23:54 | 1219197 moofph
moofph's picture

...1980?...Abscam was en vogue...time for Abscam II...FBI...FBI...Bueller...Bueller.

Fri, 04/29/2011 - 00:01 | 1219213 latizziforchizzi
latizziforchizzi's picture

Does anyone here think it would be a good time to sell some physical silver in exchange for gold at this time? 31.5:1

Fri, 04/29/2011 - 00:14 | 1219240 lawrence1
lawrence1's picture

Yes, since I had much more silver than gold I decided to start moving gradually toward more like a 50/50 silver gold ratio.
If you agree with fofoa, you would hold predominantly gold. I think he may well be right, that "free gold" will happen. Fofoa needs to be read and studied; avoid him at your risk.

Fri, 04/29/2011 - 03:11 | 1219428 StychoKiller
StychoKiller's picture

This ratio of yours, is it based on FRN prices or Troy ounces?

Fri, 04/29/2011 - 00:15 | 1219235 The-Dirty-Scurd
The-Dirty-Scurd's picture

sell silver and gold? im tempted to start prospecting in local creek beds and rock piles where i live. nevermind selling, time to start digging, panning and splitting quartz. ive heard it only costs 5 dollars to dig silver out of the ground. so shouldnt be a problem.

Fri, 04/29/2011 - 00:34 | 1219264 mark mchugh
mark mchugh's picture

I've got a creek nearby, don't think I haven't tried panning.

Fri, 04/29/2011 - 00:43 | 1219280 Ahmeexnal
Ahmeexnal's picture

Only thing you'll pan out of those creeks is shoes, severed heads, spent fuel rods, and used condoms.

Fri, 04/29/2011 - 00:38 | 1219273 legal eagle
legal eagle's picture

Make sure to ask the dentist for silver fillings, forget those "white" fiat fillings.

Fri, 04/29/2011 - 01:02 | 1219306 Temporalist
Temporalist's picture

Here is Jim Grant from 4/28 on Blmbrg discussing the gold standard and Fed, etc.:

Grant Expects Another Round of Fed Quantitative Easing

http://www.youtube.com/watch?v=pm9N1DPmjD8

 

Fri, 04/29/2011 - 02:26 | 1219375 pagan
pagan's picture

I just sold all my goldstocks. Bought them after the crash in 2008. So it's been a wonderful ride.

But something fundamentally new has happened. The goldprice continues moving higher but the goldstocks goes the other way.

Fri, 04/29/2011 - 09:54 | 1220150 SignalSoldier
SignalSoldier's picture

I would re-enter if I were you pagan, gold/silver stocks rally behind the price of the metal.

Fri, 04/29/2011 - 02:30 | 1219384 Howard_Beale
Howard_Beale's picture

Wow, a sponsored post with the ZH logo. Sell it while you can.

Do NOT follow this link or you will be banned from the site!