Yankee

Not to start anything here! I found this in the news today I wanted to share opinions? (NO POLITICS PLEASE lets keep this nice THANKS! http://www.numismaster.com/ta/numis/...ArticleId=6926

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This is gold, Mr. Bond. All my life I've admired its color, its brilliance, its divine heaviness. I welcome any enterprise that will increase my stock... which is considerable.
Auric Goldfinger

Treashunt

well, considering your restrictions on replies,

then: No coment.

[but, it would have been fun.]

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The Other Frank
"Buy The Book Before The Coin!"
http://www.whitmanbooks.com/Default....wUpcoming_1208

Cloudsweeper99

Gold is a political metal, so it's hard to keep politics out of the discussion. That sais, it makes sense for China to buy more gold, but it doesn't make sense that they would pre-announce their intention. They're too smart for that.

Yankee

Unless they have already bought the gold or as the story says they are going to buy more then they are saying. In eather case I think something big will be happening with the gold price soon we shall see I guess

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This is gold, Mr. Bond. All my life I've admired its color, its brilliance, its divine heaviness. I welcome any enterprise that will increase my stock... which is considerable.
Auric Goldfinger

50 CENT

it makes sense the price of gold will skyrocket, if that article is correct. Wish I had a couple more tons.

krispy

Yankee:
You're a bit late to the party on this one... The link to that article has already caused a mess in another thread. Eventually it was provided as a link to un-sourced information being posted by elaine_1970 and the article became the undoing to a lot of the misinformation that was going on over there.

Gold headed to $1,000.00. gold coin follow.

http://www.cointalk.com/forum/t46745/

I agree, gold is a political metal and topic to get into, as is this particular article and especially in this volatile economy. Posting something like this while disclaiming it with restrictions to our responses is useless to posting the link in the first place. It's a forum not a link exchange. Not everyone will read it and remain silent.

We should debate, not argue, these and other matters. If we cannot do so we just should not post comments without sources, nor information without due credit to its publisher, so that others may cross reference and consider the data objectively themselves then discuss it together civilly. Nor should we post this type of information without giving one's own reasons/feelings/questions about it right up front before others start launching opinion-assaults at one another. One should also always try to bring something new to a discussion, especially when initiating, rather than just copy links, data or information from another source and sit back while others come unglued over the issues it causes.

Cheers!

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Danr

They are chatting about this over in the bullion section. Could it push prices higher? yes, but I doubt it will. We really do not have much to go on with this other than "the Chinese said", well it could just a easily be a ploy to try to drive prices higher so they can sell into a strong demand market. Overall it is a pretty thin story.

Yankee

If you check out the PM news on Kitco today they are also talking about the China thing. They too are recommending buying because of it. The China story is now showing up on other stock news. Ether its something to pay attention to or its a rumor. I myself will be watching it carefully!

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This is gold, Mr. Bond. All my life I've admired its color, its brilliance, its divine heaviness. I welcome any enterprise that will increase my stock... which is considerable.
Auric Goldfinger

krispy

Yankee: I too read Kitco, pretty much daily, amongst other economic reports that report on PMs. I'm always interested in what PMs are doing because it's very action:reaction oriented being linked to so many moves in the global marketplace and world events. I love the volatility of metals, unfortunately, betting on gold's rise is like turning your back on the value of the dollar against other currencies and sectors and the profits from oil almost always erase what you get out of gold profit these days. Darnest trouble-maker gold is, but still a lovely material to chase around. I think a lot of the speculation you are seeing right now is fear of another huge dip in the market since all the reports are so dismal and nothing is moving out there, plus the lead up to the G8 and BRIC meetings later this Summer.

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Yankee

Agreed! Some have found it strange that this year the price of gold hasn't dropped this time of year I understand that it usually does. The price seems to be "holding on" and staying more stable then it has for many years. I feel we are in uncharted times these days, never before has these things that are happening accured. These are strange times. Kind of scary!. I see they are already starting to talk about a second stimulus. How much of our future will they spend away?. California is now paying people with IOUs Taxes I feel will skyrocket in the near future and rise far further then anyone could ever pay. My wife and I have been blessed at 50 years old we have all our bills paid and have no debt. Our home is paid for and we have large CDs in several banks. I wonder though what will happen if when we retire in about 6 years what our saveings will be worth.

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This is gold, Mr. Bond. All my life I've admired its color, its brilliance, its divine heaviness. I welcome any enterprise that will increase my stock... which is considerable.
Auric Goldfinger

TheNoost

Reread the end of the article:
"This past weekend, I attended the International Paper Money Show in Memphis, Tenn. I was surprised how many dealers, whose livelihood does not involve trading gold at all, told me that they regularly read this column and have personally laid in a good stash of physical gold for their own protection."
When your pizza delivery guy and gardener are telling you to buy gold, everybody is already doing it. Average people are now buying gold and I feel this is keeping the price up. (I wish it would go lower as it has in the past). I do not worry about this. The US will be fine because we can change the rules as we go..

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krispy

That last line is sad but true. Precious! thanks

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chip

"When your pizza delivery guy and gardener are telling you to buy gold, everybody is already doing it."

Chasing trends is usually a losing proposition, by the time the pizza guy and the gardener pick up on a trend it is usually past.

krispy

When they kick their electronics and computers to the curb, I will quietly recycle the PMs out of the discarded appliances as they go broke trying to buy ounces that won't serve them and good.

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TheNoost

me too. As well as the rubies in cd and dvd players. Here is an eye opener for those who have theirs shut http://www.libertycoinservice.com/currentnews.pdf p2 and 3

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