Presenting The "Evil Empire's" Projected Debt/GDP

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 07/20/2011 - 18:15 | 1475402 augie
augie's picture

Went to my local coin shop today. They want 100.00 over spot per ounce of gold. Should i go somewhere else or is that pretty standard right now?  

Wed, 07/20/2011 - 18:17 | 1475406 KingPin 999
KingPin 999's picture

go somewhere else

Wed, 07/20/2011 - 18:50 | 1475490 MarketTruth
MarketTruth's picture

www.kitco.com

Better prices on popular items may be at
www.gainesvillecoins.com

Volume buyers usually use http://www.tulving.com/goldbull.html (20oz gold min and 500oz silver min)

Wed, 07/20/2011 - 20:25 | 1475716 Gromit
Gromit's picture

I recommend Tulving.  Pleasure to do business with them.

Extraordinary delivery method. You wire them funds, they deliver by overnight mail.

Well you wouldn't want the neighbors to see an armored car pull up to your home would you?

Wed, 07/20/2011 - 20:36 | 1475729 Hook Line and S...
Hook Line and Sphincter's picture

Augie,

What brand of underwear do you wear? How long do they last? How would you rate them for comfort?

Also, did you eat something nutritious last night?

What's your favorite detergent for getting out stains?

Uhhh..oh, this the wrong forum?

(kidding ; ), just feeling like a dick)

Wed, 07/20/2011 - 22:56 | 1476021 GoinFawr
GoinFawr's picture


"(kidding ; ), just feeling like a dick)"

Whoa, too much information there. Now who's cruisin' in the wrong venue? This is a financial site, not 'Brokeback Mountain'.

(kidding ; ), just feeling like a drink)

Thu, 07/21/2011 - 13:42 | 1477816 Hook Line and S...
Hook Line and Sphincter's picture

Good job. I love it when someone gives me a bit o' grief when I'm diving head first into hypocrisy!

Fri, 07/22/2011 - 11:19 | 1480823 GoinFawr
GoinFawr's picture

Well, I'm not sure that qualifies you as a hypocrite; I mean, show me someone who claims to have zero irony in their life, and I'll show you a bald-faced liar.

Thu, 07/21/2011 - 08:27 | 1476484 Scroto Gaggins
Scroto Gaggins's picture

I buy from gainsville too.  Great source. 

Wed, 07/20/2011 - 18:47 | 1475409 InconvenientCou...
InconvenientCounterParty's picture

get a quote for the dealer to buy from you. If he offers $100 below spot or worse, tell him to FO  and use APMEX.

Wed, 07/20/2011 - 19:48 | 1475633 Spitzer
Spitzer's picture

Bars from bullion banks are the cheapest as far as I can tell. And not on the websites. Go into a bullion bank like Scotia and buy the bars.

Wed, 07/20/2011 - 21:51 | 1475890 lasvegaspersona
lasvegaspersona's picture

APMEX does not communicate well. Try to call them about an order. Hope you get a better response than I did.

Be aware Kitco is in bankruptcy. I believe they still are doing business but I'd call first. Tulving is great but they do not do small orders.

My local coin store was easier to sell to but the prices were not as good as any of the aforementioned.

Wed, 07/20/2011 - 22:53 | 1476022 Prometheus418
Prometheus418's picture

Good point- 

One of the local shops here charges well over spot for silver- but when I offered to sell, he was paying well over spot as well.  

Guess he just didn't like the paper price- can't blame him, really.

Wed, 07/20/2011 - 18:29 | 1475445 Sudden Debt
Sudden Debt's picture

Search on Ebay. And don't buy ounces, buy sovereigns or 20 francs gold  european coins.

You can still find right on spot.

Wed, 07/20/2011 - 18:55 | 1475506 NotApplicable
NotApplicable's picture

I like to watch this site for ebay action.

http://www.24hgold.com/english/buy_sell_gold_coins.aspx?co_id=0

Looking at some of the auctions, $100 over spot may be the going price for immediate possession/delivery. APMEX is currently $73-$83 over, while Tulving is now $50 over ($62 for 2011). These are all premiums for Eagles though, BTW.

Wed, 07/20/2011 - 19:07 | 1475532 jus_lite_reading
jus_lite_reading's picture

Wow Tyler you think the PRICE OF OIL HAS ANYTHING TO DO WITH THAT?!?!

Wed, 07/20/2011 - 22:32 | 1475967 HungrySeagull
HungrySeagull's picture

Possibly. I have been watching Oil two weeks now...

Bullion Direct is another source Augie.

Wed, 07/20/2011 - 19:25 | 1475580 MFL8240
MFL8240's picture

California Numismatic Call to Ken Slater at 888-443-4653.  Good People!

Wed, 07/20/2011 - 21:18 | 1475807 Midas
Midas's picture

California numismatics has always treated me well. I would not pay $100 over spot.

Wed, 07/20/2011 - 19:38 | 1475608 augie
augie's picture

Thanks to everyone who responded. I'm going to try some of the auctions, if not i'll go with APMEX.

 

Cheers. 

Thu, 07/21/2011 - 06:57 | 1476361 francis_sawyer
francis_sawyer's picture

 just dig it out of the ground for $5

Wed, 07/20/2011 - 20:23 | 1475712 AchtungAffen
AchtungAffen's picture

Where I live 100USD over spot is not only normal but low. It's usually 150-200 USD over spot. And I mean for 1oz bars and coins from the only bullion dealers around (which in fact are banks, local ones more focused on investment than your run of the mill bank). You might get some paper gold for cheaper than that, but go and buying the coin and putting it in your pocket? Regularly that's that spread. I bet there are other places where to get this, as buying gold is legally considered as buying foreign exchange (and I know there are out of the system places for that).

But the most amazing thing I found in this PM dystopia is that ask prices for your regular gold coin and bar are almost 50-70USD over spot. Either these banks want to lose money or they know you just can't win over them on arbitrage for whatever reason.

Wed, 07/20/2011 - 20:34 | 1475730 TempFlashback
TempFlashback's picture

Try other local retail; You should be able to find spot + $70-$75.

Wed, 07/20/2011 - 21:38 | 1475851 Diablo
Diablo's picture

provident metals; spot +$64 for AGE's

 

Thu, 07/21/2011 - 06:44 | 1476353 Moe Howard
Moe Howard's picture

My fav-o-right place to purchase AGE & ASE 1 OZT coins! If I was rich I would buy from Tuvling.

Thu, 07/21/2011 - 05:03 | 1476313 GeneMarchbanks
GeneMarchbanks's picture

+49 on K-rands, +59 on Aussie Kangas, MPs, Philharmonics. Eagles are @ 70 I believe at my local.

Wed, 07/20/2011 - 18:18 | 1475408 Spitzer
Spitzer's picture

^ Thats fuct, buy bars from bullion banks. They charge a 1/4 over spot if you buy more then 5k worth.

 

As for the article. It kinda puts to rest the idea that somehow the US military is capable of backing puchasing power in the dollar. I'm sure people thought the same about the Ruble.

Wed, 07/20/2011 - 18:18 | 1475410 cossack55
cossack55's picture

You imply the CIA is functional. LOL, LMFAO, ROTFFL.

Wed, 07/20/2011 - 18:24 | 1475433 teaddy bearish
teaddy bearish's picture

+1

Wed, 07/20/2011 - 18:58 | 1475514 NotApplicable
NotApplicable's picture

Oh, they're quite functional. Just not in any good way.

Thu, 07/21/2011 - 06:18 | 1476336 Edward Fiatski
Edward Fiatski's picture

I don't know of any demolition company in the world that has ever done skyscrapper demolition jobs of two 110 stories buildings, ever. Get the drift with regards to functionality?

Wed, 07/20/2011 - 18:19 | 1475415 Cleanclog
Cleanclog's picture

I have actually been giggling, though only a little, that soon the mail-order brides will be American, going to Russia.  Weird, but predictable.

Wed, 07/20/2011 - 18:44 | 1475466 Global Hunter
Global Hunter's picture

? ?????, ????? ??? ??? ????? ???? ?????????? edit, russian characters didn't post properly, it wasn't that funny to begin with it certainly isn't in English...I wish they all could be california girls.

 

 

 

 

Wed, 07/20/2011 - 19:33 | 1475595 Cleanclog
Cleanclog's picture

Da, to je istina.

Wed, 07/20/2011 - 22:19 | 1475939 Goatboy
Goatboy's picture

;)

Wed, 07/20/2011 - 19:37 | 1475603 ParaZite
ParaZite's picture

I would say that would be one sure fire way to bankrupt Russia. 

Send in the American gold diggers!

Thu, 07/21/2011 - 01:45 | 1476241 CompassionateFascist
CompassionateFascist's picture

Send Nicole Brown Simpson. Oh, wait...she's dead.

Wed, 07/20/2011 - 21:07 | 1475779 Sokhmate
Sokhmate's picture

In Russia you don't order mail-order brides. Mail-order brides order you.

Wed, 07/20/2011 - 22:34 | 1475972 HungrySeagull
HungrySeagull's picture

That cannot be too far from the truth. Russian Women come here and hook all kinds of Men until they find the one that has two coins together all night and then some.

Thu, 07/21/2011 - 06:46 | 1476356 Moe Howard
Moe Howard's picture

I was in Korea 1998-99 - Russian girls for the asking all over Seoul.

Wed, 07/20/2011 - 18:19 | 1475417 Cursive
Cursive's picture

Schumpterian creative destructruction FTW.

Wed, 07/20/2011 - 18:51 | 1475496 max2205
max2205's picture

USSR market to fantasy is working better than bernakle's method

Wed, 07/20/2011 - 18:20 | 1475418 Ghordius
Ghordius's picture

I thought the old USSR died because nobody there had the guts of cutting defense costs.

Takes real courage or extreme need to slash defense.

Wed, 07/20/2011 - 20:47 | 1475748 Hook Line and S...
Hook Line and Sphincter's picture

USSR broke apart most dominantly because of the inability to stand up against a competitor that owned the world reserve currency in which oil was largely priced. Reduced defense spending was a symptom, rather than a cause. There was also massive discontent with the status quo (which was addressed by glosnost and perestroika). 

Wed, 07/20/2011 - 22:42 | 1475988 HungrySeagull
HungrySeagull's picture

They also broke apart industrially. If I recall, a US Missile would weigh.... 200 ton and throw a bunch of nukes essentially within one or two city blocks. Soviet Missiles were monsters weighing 350 tons and up and if they hold together long enough land a nuke or three somewhere in the city.

The other issue with Soviet Nukes is Megatonnage rules. They don't need to land too close to anything to wipe it out.

The third issue was industry, Soviets love simple things in mass quanity. They could theoratically field 50,000 Main Battle Tanks into Frankfurt and Belgium within a few weeks. Far faster and moster than the USA's old Reforger Exercises could do assuming the Air Bridges and Convoys survive. So NATO and USA has to have equiptment that can kill many very fast but without supplies kaput.

 

The USSR Airforce bases are crap and the planes by the thousands have no self thinking allowed. Our pretty Airforce would not think of operating out of USSR... amazing how times change... and yet ... stay the same.

Soviets loved our Jeans, Music and other things and we loved some things of thiers too. However at the end of the day, our Nation was much nicer to be in than the drab concrete blocks they call apartments.

 

But Reagan forgot to reverse his policies when the USSR imploded and stop the "System" It's been running this Nation against imaginary monsters in the Closet and under the bed for decades aided by very big spending Democrats who know nothing else. Health ACare? Ram it, Defense? Buy it. Unemployment? Charge it so that Torches and Pitchforks dont appear on the Washington Mall.

 

See where I am going?

 

Now that our Shuttle is finished with no replacements after 30 years, the Soviets are our heavy lift space service now.

Thu, 07/21/2011 - 13:53 | 1477860 Hook Line and S...
Hook Line and Sphincter's picture

Great input. Without going into details, and asking you simply to accept my word (ridiculous I know), many of my close relatives have been deep into the astronautics/aeronautics industry for seemingly ever. That said, I will tell you with surety that the shuttle has had a replacement in operation for quite awhile.

Here's a case in point... my 'step father' brought home from his place of employment detailed plans for the cesium-ion engine that he was working on in the mid-70's! I still have them in a folder in my closet. They announced this cesium-ion engine existence not too long ago as a 'recent development'. No kidding. The technology you see is 30-40 years in most cases behind what exists.

This is simple mass media manipulation for public consumption.

 

Wed, 07/20/2011 - 18:20 | 1475419 Shameful
Shameful's picture

Russia exports something a lot of people want, oil.  The US exports Dollars, fraud, and death...somewhat less needed things...But hey we both have our corrupt oligarchies so we have that in common.

Wed, 07/20/2011 - 18:24 | 1475435 Incubus
Incubus's picture

We've got corn, and corn-based products, too. 

Even our fine wimminz are corn-based. 

Wed, 07/20/2011 - 18:31 | 1475451 Shameful
Shameful's picture

Yep the finest in genetically modified corn.  And I doubt we can rely on corn or agg since we have the free handouts.  Pay me to not work and I'll show you I can sit on my hands like a champ.  Good thing corporate farming is so labor intensive and makes so much money for the community...oh wait...dammit!  Oh and Ogallala Aquifer is getting pumped fairly hard, and when run low on that might see the Midwest have to change crops.  Corn is quite thirsty.

Wed, 07/20/2011 - 22:30 | 1475937 GoinFawr
GoinFawr's picture

So are brain tumours, and they just love to slurp up the fructose!
(that wasn't directed at you, it was for the ones who ensure that practically every processed food item has a good dose of corn sugars in it)

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