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what's this story on fed gov Hoenig speaking on favor of gold standard...
The complete and utter terror of people simply buying up all the silver and using IT AND ONLY IT AS MONEY leaving the banks hording tons of scrap metal.
It sure doesn't hurt when the former Fed Chairman is employed by your firm either.
and this is the neighborhood that some of these guys are putting their green into, and if the housing market peaked in 2005 then these high end sales would suggest that the bottom was at least a year ago
The lot that just sold for 14 and change sold for 12 and change in 2005 and with just 160' of frontage, unless there was a side deal/trade involved they just paid almost 90k/foot of frontage, which is a 13% premium over the 2005 price and almost 50% over the sale of a similar lot that sold in the spring
That is less than a days work for Paulson. :)
It's equivalent to a McDonalds employee buying a cheeseburger.
Salinger wants to think that $14m is an expensive house... try $100m starting, before rehab and then after another $100m is added... no one lives in the home, save a few weeks a year.
Paulson said GOLD min $4500, nuff said. Buy the dip, its dipping now...
FYI...I buy 1 oz gold eagles from California Numismatic Investments (CNI) on a semi-regular basis and I just received my order, but it was a partial fill with the remainder on back order. I called the dealership and they mentioned that they cannot keep any in stock as it is "flying off of the shelves"...just thought I would pass this on...
Dear ZH Community, Please provide some advice. I would like to purchase some Gold and Silver today, my first purchases. I have decided to buy Eagles just for personal reasons, realizing that there is a premium. My questions are: Regarding Gold, Does anybody care about "Dates of our Choice" versus a specific year and "Original Mint Tubes" or "Brand New Coins". I would prefer the "cheaper" gold unless all of the other stuff is of any specific concern or value. Also, if the premium is roughly the same, is there value in purchasing .5 oz versus 1 oz. Regarding Silver, Monster boxes, sealed or unsealed. Again, I would prefer the "cheaper silver" unless there is some express advantage in the purchase of a mint sealed box. From your previous recommendations, I understand that Tulving is a reputable house from which to purchase. Yes?
IMO, get the cheapest version of the coin regardless of the date. I use APMEX. They sent me a free tub of popcorn this year. I regret eating it all at once. That is why I don't keep junkfood in my house.
It took me a week to eat my can. The carmel was best. I agree. Apmex has been my choice for a long time.
You can get Palladium, Platinum, Gold and Silver from them. I buy which ever coins have the lowest cost over face
value from the US. or Canadian Mint only. I would suggest buying all four metal groups.
Also, one other thing, I prefer silver maples. They have a $5 Canadian face value. The eagles have a $1 face value. It seemed like extra insurance to me.
Thank You Quinvarius!
Gold: Get Canadian Maples and Kruggerands. Why? Cause Jim Sinclair says so. There are a few reasons though, namely recognization internationally, and the fact that they DON'T say USA on them (Uncle Sam might decide that it belongs to him). Also, they are cheaper. You want metal in a recognizable form - I recommend staying away from buying coins based on beauty or nostalgia.
Silver: Cheapest way possible!!! Don't get 1oz coins... waste of money - totally pointless. You want a couple bags of junk silver (pre-1964 US coinage) for barter in a hyperinflation - they are THE BEST thing for that purpose because of their small denomination, and the premiums are very low. Plus, do you really want to show up at the farmers market with a few nice, shiny silver eagles that say "follow me home, I was a prepared silver bullion buyer"? Junk Silver says "My grandpa gave me a coin collection". Everything else above a few months living expenses in junk silver, get bars because the premiums are cheap.
Thank You DD!
Everyone is going to have a different answer to this question but here's mine. Ive bought from both APMEX and Tulving and you can't go wrong with either. Tulving generally has lower prices but has minimum purchases.
As for which coins to go with, I'd personally stick to maples, krugerrands and philharmonics. Those three are extremely liquid and very common. I own a mix of those three (philharmonics are my own personal favorite). I avoid U.S. gold coins for no other reason than they are U.S. legal tender (my own form of protest you could say), otherwise they are a fourth and perfectly fine investment. I would just buy whatever has the lowest premiums. Most of the time thats krugerrands.
Also, I would add one other thing. If you live in a state that has no tax on bullion, buy with cash from a local dealer. You might pay a bit more than apmex or some other site, but who cares? You have TOTAL PRIVACY. No name, no paper trail, nothing to audit (think zero capital gains, zero risk of confiscation, totally private assets that are off the books in case of a bankruptcy). You have financial assets that NO ONE knows about that you can sell, again, for cash, with no paper trail, anywhere in the world. If you are unfortunate enough to live in a state that taxes bullion... well, I'd pay 1 or 2% more for privacy, but I sure as hell wouldn't pay a 5% or 10% state sales tax on top so you might be SOL if you live in the wrong place. Check your state, and your neighboring state if you are close enough to drive by calling a few bullion/coin dealers.
I can't really express how important of an attribute privacy is. There is literally nothing else like gold for hiding wealth in the world today. As our government becomes increasingly predatory, I think you will feel a heck of a lot safer if all the gold you bought was bought in secret.
Institutions are in a panic to dump gold and forget about Jim Sinclair, Eric King, etc.
And they are in frenzy to buy Moody's....Mark Zandi the next Wall St. rock star?
Imagine that, but that's what the tape says...
"leaving it up 11% for the year"
so in other words, instead of paying this clown 2/20, you could have bought SPY and done just as well.
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