tag:blogger.com,1999:blog-7982981413278241287.post1720612417153440048..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Couple Of Quickies Today (More On Housing (sorry))...Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-7982981413278241287.post-85593159729995548792011-02-17T11:14:52.294-07:002011-02-17T11:14:52.294-07:00Agree Joe.
mabman: If you going to spend enough ...Agree Joe.<br /><br />mabman: If you going to spend enough money to buy at least 20 1oz. gold coins or 500 ozs. of silver, make sure you use www.tulving.com he has the best prices and service by far. Make sure you buy only the sovereign-minted coins (gold/silver eagles, maple leafs, philharmonics). That way you'll never have an authenticity issue.<br /><br />In terms of "reselling." There are many ways to to do this. I have used craigslist locally here in Denver every time I've sold and this is the reason you buy sovereign-minted only coins. People who buy them know what they look like. I've done this many times and only once did someone come to our meeting with a bullion scale and calibrated measuring device to measure weight, width and diameter of the my austrian philharmonics. They were perfect! lol.<br /><br />Also, as more people here lose confidence in the dollar, we'll eventually be exchanging bullion for goods. THere's already a local grocer in SoCal who is doing this. It will become widespread.<br /><br />You won't pay taxes on gains this way either.<br />People should worry more about getting bullion acquired right now rather than how to unload it. The latter will take care of it.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-21515473249152425162011-02-17T10:51:54.882-07:002011-02-17T10:51:54.882-07:00HI Dave, I know you are a believer in owning physi...HI Dave, I know you are a believer in owning physical PMs and not the ETFs. Unfortunately that is all I own currently but I want to get into physical now. Since I have never done this before if I purchase gold coins how do I resell them in the future ? Does the place I sell them to need to verify there authenticity and is there a charge for that which they deduct from the sale price ? I can imagine that once the price of gold rockets there will be a lot of scammers trying to cash in with "fake" gold. Thanks.mabmannoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-19768452177395797662011-02-17T10:39:20.215-07:002011-02-17T10:39:20.215-07:00Dave,
This just goes to show that even though the...Dave,<br /><br />This just goes to show that even though these people are savvy enough to become millionaires they do not understand the true nature of the system we reside in, which is fiat and has a 100% mortality rate.<br /><br />I mostly blame the monied elite and their captive propaganda media for our current situation.<br /><br />Joe M.Joehttps://www.blogger.com/profile/16005483996588605077noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-59286093771159774562011-02-17T07:48:26.216-07:002011-02-17T07:48:26.216-07:00And it's even harder for them to grasp the not...And it's even harder for them to grasp the notion that their wealth will be entirely preserved if they own physical gold/silver and possibly even increased if they have exposure to mining stocks!Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-34015977390944115702011-02-17T07:47:26.325-07:002011-02-17T07:47:26.325-07:00Joe, just like in Weimar Germany - same thing. &q...Joe, just like in Weimar Germany - same thing. "History repeats: first time as tragedy, second time as a farce"<br /><br />It's funny because we chat with potential investors sitting on millions in the bank. They for the life of them can't grasp that once the rest of the world won't accept paper dollars, their wealth will be wiped out.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-49127536690748970472011-02-17T07:12:43.359-07:002011-02-17T07:12:43.359-07:00The status quo cannot wrap their head around the p...The status quo cannot wrap their head around the possibility of a USD collapse, but it's coming.<br /><br />Joe M.Joehttps://www.blogger.com/profile/16005483996588605077noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-34783834943906559942011-02-16T22:00:31.979-07:002011-02-16T22:00:31.979-07:00I think this summary from
http://globaleconomican...I think this summary from <br />http://globaleconomicanalysis.blogspot.com/2011/02/next-borrow-short-lend-long-guaranteed.html<br /><br />pretty much sums up the US banking industry:<br /><br />Want to know what those banks thinking? This is what ....<br /><br /> * They are too big too fail<br /> * The Fed will bail them out<br /> * Cities won't default but who cares anyway because the Fed will bail them out<br /> * They have a hot pile of cash the Fed crammed down their throats at 0% and they want to put it to use<br /> * They got burnt badly on mortgages and home equity loans so they need to find something new<br /> * One idiot bank made an absurdly risky deal so like sheep they all want to do it<br /><br /><br />Right now they are all thinking there is nothing to lose from this. The Fed or Congress will bail them out at taxpayer expense if they get in trouble.<br /><br />Then, when this does get out of control and blows sky high, they will all scream, "no one could possibly have seen it coming".mabmannoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-29077368995645088782011-02-16T21:02:05.919-07:002011-02-16T21:02:05.919-07:00LOL Jesse. I used to go to that economiccollapse ...LOL Jesse. I used to go to that economiccollapse blog all the time but I grew weary of it.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-76002463654520853692011-02-16T21:00:21.949-07:002011-02-16T21:00:21.949-07:00Thanks! Hey I'm moving into a penthouse apt. ...Thanks! Hey I'm moving into a penthouse apt. in early March that has killer view and a 400 sq. ft. patio. Going to wave in one of those of green egg grills! (the unit also comes with a private hot tub). Started learning Italian in October. Ya have to find things to stay busy at night when you don't have kids lol. Capisci/Parli l'italiano?Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-33116405524013343292011-02-16T17:46:42.000-07:002011-02-16T17:46:42.000-07:00Dave,
The last post was a nice pick up on the pote...Dave,<br />The last post was a nice pick up on the potential inverse H+S pattern. Are you speaking Italian now??EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-19260057451649986812011-02-16T12:22:16.511-07:002011-02-16T12:22:16.511-07:00http://theeconomiccollapseblog.com/archives/what-i...http://theeconomiccollapseblog.com/archives/what-is-wrong-with-the-u-s-economy-here-are-10-economic-charts-that-will-blow-your-mind<br /><br />In case you decide to skip the middleman.<br /><br />Some of this blogs 'rebrand' as much as WalmartJessehttps://www.blogger.com/profile/10098169118867085623noreply@blogger.com