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Author: Subject: How many here really own Gold/Silver coin?

Zen Peach



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  posted on 12/10/2009 at 10:35 PM
Why would they own me? Why would they even want to own me?

 

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Zen Peach



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  posted on 12/10/2009 at 10:38 PM
I read this link....I still don't get it. What does jpb know that we don't?


http://www.cfr.org/about/

 

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  posted on 12/11/2009 at 02:52 PM
Dollar Rises to One-Month High as Retail Gain Spurs Fed Outlook

By Ben Levisohn and Ye Xie

Dec. 11 (Bloomberg) -- The dollar rose to a one-month high against the currencies of major U.S. trading partners as gains in retail sales and consumer confidence increased speculation that the Federal Reserve will raise borrowing costs next year.

The yen declined against all of its 16 most-traded counterparts tracked by Bloomberg as evidence of a global economic rebound encouraged demand for higher-yielding assets. Traders boosted bets in the equity options market that the U.S. dollar will advance through March.

“We’re shifting decisively into a new trading regime,” Michael Hart, a currency strategist at Citigroup Inc., said in New York. “We’ll see a shift of the prime funding currency away from the dollar to the yen. That will be yen-negative.”

The Dollar Index, which the ICE futures exchange uses to track the greenback versus currencies including the euro, yen and pound, increased 0.7 percent to 76.599 at 1:26 p.m. in New York, from 76.045 yesterday. It touched 76.726, the highest level since Nov. 3, and extended its weekly gain to 0.9 percent.

The index has dropped 5.8 percent this year as signs of economic recovery led investors to buy higher-yielding assets with amounts borrowed in nations with low interest rates. The benchmark of zero to 0.25 percent in the U.S. has made the dollar popular for funding such transactions.

The trading pattern shifted on Dec. 4, when an unexpected drop in the U.S. unemployment rate to 10 percent pushed the Dollar Index up 1.7 percent.

“That the dollar strengthened against the euro changes this risk-on, risk-off scenario,” said Andrew Busch, a global currency and public policy strategist at Bank of Montreal in Chicago. The trade “will morph into something else.”

Dollar Versus Euro

The dollar appreciated 0.8 percent to $1.4613 per euro, from $1.4732 yesterday. It touched $1.4586, the strongest level since Oct. 5, and extended its weekly rally to 1.6 percent, the biggest in more than a month. The dollar rose 1.3 percent to 89.35 yen, from 88.20. The yen slid 0.2 percent to 130.57 per euro, from 129.94 yesterday.

The U.S. currency may advance to about $1.4480 per euro, a level last seen in October, should it close stronger than its 100-day moving average of about $1.4640 today, Alan Ruskin, head of currency strategy at Royal Bank of Scotland Group Plc in Stamford, Connecticut, wrote in a research report today.

More than 395,000 calls giving the right to buy the PowerShares DB US Dollar Index Bullish Fund changed hands, eight times the four-week average and 177 times the volume for puts giving the right to sell. The exchange-traded fund climbed 1 percent to $22.72. The most-active contracts were March $23 calls, with 329,471 changing hands.

Fed Rate Outlook

Futures on the Chicago Board of Trade indicated a 47 percent chance the Fed will raise the target lending rate by at least a quarter-percentage point by its June meeting. The odds were 43 percent yesterday. The central bank next meets to review policy on Dec. 16.

U.S. retail sales rose 1.3 percent in November after climbing a revised 1.1 percent in the prior month, the Commerce Department reported today in Washington. The median forecast of 79 economists in a Bloomberg survey was for a 0.6 percent gain.

The Reuters/University of Michigan preliminary index of consumer sentiment increased to 73.4 for December, compared with 67.4 in the previous month. The median forecast of 71 economists in a separate Bloomberg survey was for an increase to 68.8.

“I can imagine economic data turning in favor of the U.S. compared with Europe or Japan,” said Sebastien Galy, a currency strategist at BNP Paribas Securities SA in New York. “We expect the dollar to bottom by the end of the month.” The dollar will rally to $1.42 per euro in six months, according to Galy.

Won Versus Yen

Mexico’s peso gained 2.1 percent to 6.94 yen and South Korea’s won climbed 1.4 percent to 13.03 versus the yen on speculation investors will borrow in Japan’s currency to buy higher-yielding assets. Japan’s target rate of 0.1 percent compares with 2 percent in South Korea and 4.5 percent in Mexico.

A stronger dollar helped send commodity prices lower. Crude oil for January delivery fell as much as 1.5 percent to the two- month low of $69.46 a barrel. Gold futures for February delivery fell 0.5 percent to $1,120.80 an ounce. The Standard & Poor’s 500 Index increased for a third day, advancing 0.3 percent.

The euro fell 1.7 percent this week against the dollar on speculation the credit ratings of more European nations will be lowered.

Greece and Ireland are in an “intolerable” economic situation that may lead to bailouts and exits from the euro region before the end of 2010, Steve Barrow, head of Group of 10 foreign-exchange strategy in London at Standard Bank, wrote in a research note today.

Spain saw the outlook on its AA+ debt rating cut to “negative” from “stable” by S&P this week. Greece’s credit was reduced one step to BBB+ by Fitch Ratings. Portugal’s outlook was also revised to “negative” from “stable” by S&P.

To contact the reporters on this story: Ben Levisohn in New York at blevisohn@bloomberg.net; Ye Xie in New York at yxie6@bloomberg.net

 

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Zen Peach



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  posted on 12/11/2009 at 03:19 PM
I see. I'm wondering if jpb isn't a regular with Beck....seems Beck is pushing gold about like he is around here.

That being said, I know gold is a good investment....if you bought it back when it was half the price it is now.

 

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True Peach



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  posted on 12/11/2009 at 04:36 PM
How to measure the worth of precious metals:

http://www.youtube.com/watch?v=oMlqn_Hjyi8

 

Sublime Peach



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  posted on 12/11/2009 at 08:33 PM
quote:
I know gold is a good investment....if you bought it back when it was half the price it is now.


Ownership of gold and silver isn't about it being an investment! It's about it being a hedge against the dollar! If you want to gamble, go to vegas or play the stock market. This isn't about making money, it is about preserving your wealth. I would never buy gold etf's either. It is about physical ownership.

Just look at our debt and our government appetite for spending money we don't have. Anytime DC wants to start acting fiscally responsible, I will gladly sell my gold and silver, until then, I like my silver and gold just fine.

 

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Extreme Peach



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  posted on 12/12/2009 at 08:46 AM
quote:

I would never buy gold etf's either. It is about physical ownership.
.


That’s just plain bad advice. Owning an ETF is by far the safest way to invest in gold. I can buy and sell gold using an ETF in the same manner I can buy or sell a stock. If I make a decision to sell it can be done immediately. If I owned physical gold, I could not sell it immediately. Also, physical gold can be stolen or destroyed.

The only scenario where owning physical gold is better than owning an ETF, is if the whole economy collapses and the dollar becomes worthless. Short of a doomsday, the ETF is a much much smarter and SAFER way to own gold.

 

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Zen Peach



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  posted on 12/12/2009 at 09:56 AM
quote:
Would someone please tell me again what CFR stands for....I forgot and if I'm going to be owned by them I'd at least like to know who it is.


Conservatives Fleeing Reality.

 

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Sublime Peach



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  posted on 12/13/2009 at 08:42 AM
CFR = Mothership (according to Hillary)

http://www.youtube.com/watch?v=NsxQj505Qhw

meet the new boss, same as the old boss!

 

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Sublime Peach



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  posted on 12/13/2009 at 08:45 AM
quote:
hmmm...why is that when I went to try to sell a piece of jewelry to a jewelry store that engages in that sort of activity, the most I could get for the jewelry (gold and stones) from their perspective was about 1/8 what I paid for the darn thing? I had a better return on investment the last time I tried this, which was about 8 years ago. And I still lost out then....I only got about 2/5 of my original investment back.

I know they are trying to buy low and sell high too, but wtf?

That is why when it comes to gold/silver you are best having minted coin. The value of jewelry is too abstract and they really try to take advantage of you. I wouldn't go to any of those "gold" parties either.

 

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Zen Peach



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  posted on 12/13/2009 at 12:21 PM
quote:
quote:
Would someone please tell me again what CFR stands for....I forgot and if I'm going to be owned by them I'd at least like to know who it is.


Conservatives Fleeing Reality.




Works for me.

 

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Sublime Peach



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  posted on 12/14/2009 at 02:18 PM
How many really own gold/silver and have made a physical purchase within the last year?


1. JPB

 

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Zen Peach



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  posted on 12/14/2009 at 02:22 PM
I have about $100 face value/Gold eagles ..$5-$10 coins...that I purchased when Gold was at about $330 oz. Maybe Jan '06... It's in my safe deposit box.

 

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Zen Peach



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  posted on 12/14/2009 at 02:25 PM
My dad invested in gold coins several years ago when the price was more reasonable. Fortunately he put a holder on them, added a chain and made necklaces out of them all......which means they're jewelry and in the will I get all the jewelry. I applaude his forsesightedness.

 

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World Class Peach



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  posted on 12/14/2009 at 02:31 PM
1. JPB
2. MikeTyson


 

Sublime Peach



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  posted on 12/14/2009 at 07:00 PM
That's what I thought. This gold/silver bubble is HUUUUGE! Everybody is getting in on it.

 

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Zen Peach



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  posted on 12/14/2009 at 07:24 PM
quote:
That's what I thought. This gold/silver bubble is HUUUUGE! Everybody is getting in on it.





When Mom was well enough to wear all her gold necklaces we used to refer to her as Mrs. T.

 

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Sometimes we can't choose the music life gives us - but we damn sure can choose how we dance!


 

Zen Peach



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  posted on 12/14/2009 at 07:50 PM
quote:
quote:
That's what I thought. This gold/silver bubble is HUUUUGE! Everybody is getting in on it.





When Mom was well enough to wear all her gold necklaces we used to refer to her as Mrs. T.


http://www.youtube.com/watch?v=Klj6HQ1o0a0&feature=related

Rocky kicked his ass!

[Edited on 12/15/2009 by PhotoRon286]

 

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Zen Peach



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  posted on 12/15/2009 at 02:24 PM
quote:
How many really own gold/silver and have made a physical purchase within the last year?


1. JPB
Hmmm - that's not really something I would share with a total stranger in a public forum like a band website nor would I consider it any of your business what type of investments I make, my salary, etc.

 

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Zen Peach



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  posted on 12/15/2009 at 06:37 PM
I have a few silver quarters.

Got another one in change this week.

Used to see silver coins appear in change every Christmas season when I was a bartender.

 

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Extreme Peach



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  posted on 12/16/2009 at 09:15 PM
Spent about 5 years of my youth avidly, collecting valuable coins and to a lesser extent stamps. Had stax and stax of silver coins and a few gold coins, much of it given to me by GrandParents and Aunts and Uncles. Not proud to say that I pawned it all from age 16 -19 (1980-!983) to buy pot and booze . Well somethings we do are not always exemplary behaviour, especially when we are young. I did however get a good price, if anyone remembers, those were the yrs. when the Hunt Bros. out of texas found a way, (not so legal I think ) to create tremendous false highs for silver, I believe they may have faced some type of prosecution for this...........Peace............joe
 

True Peach



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  posted on 12/18/2009 at 12:10 PM
quote:
Spent about 5 years of my youth avidly, collecting valuable coins and to a lesser extent stamps. Had stax and stax of silver coins and a few gold coins, much of it given to me by GrandParents and Aunts and Uncles. Not proud to say that I pawned it all from age 16 -19 (1980-!983) to buy pot and booze . Well somethings we do are not always exemplary behaviour, especially when we are young. I did however get a good price, if anyone remembers, those were the yrs. when the Hunt Bros. out of texas found a way, (not so legal I think ) to create tremendous false highs for silver, I believe they may have faced some type of prosecution for this...........Peace............joe


I did much the same, as my grandparents gave me some coins including silver dollars and my godparents got me into collecting with those blue books to fill with each date and mint of every coin. Since about 1968, I have kept every silver coin I ever found. I worked in a liquor store in the 70's and would go through the register to find silver (and paid for it). It's all socked away in my mom's safe deposit box, and has been for decades. Maybe I need to pay it a visit! My oldest coin is an 1826 1/2 dollar coin.

Also, all is well here in goldshortsville!

 

True Peach



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  posted on 12/18/2009 at 12:23 PM
I've got two gold pieces that I don't know much about.

One is a coin - about the size of a dime. Got it for a wedding gift. I've got it stored somewhere ...

The other is a gold piece. It's rectangular in shape - about the size of two postage stamps placed side-by-side and says, Parsons and Assayers on it. I think it's a $20 piece. I once asked a dealer about it. He told me that it was probably a couterfeit or something - then he tried to buy it from me. I didn't bite.

 

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Sublime Peach



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  posted on 12/18/2009 at 02:33 PM
The one the size of a dime could be a 1/10th ounce gold piece, probably worth about a $100+ . Your guess is as good as mine one the other one? If he tried to buy it, it was surely worth something?

 

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