TRYING TO "Play the GSR" -- HORRIBLE IDEA

How much are ASE's worth in the northeast states as legal tender? "For you? One dollah."

 

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Golly gee Kurt, your so upbeat!

 

No idea what he said, but Kurt is so upbeat he tries to beat up on all sensible answers.

 

Yeahhh Fed! Like starting someone's house on fire but putting it out and saving the garage.... To burn later. Boom-Bust-"buggers" indeed.

 

Genius marketing tool someone came up with though

 

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Right. But constitutional lawyers, like lawyers often do, are cherry-picking this Article and reinterpreting it literally to give states backing for a bullion currency.

EDITED Political discussion not allowed!

But 'security' and 'convenience' are adored almost as much as entertainment.

 

Given that people of more modest means do not buy large enough quantities of paper metal to influence the price that much I have to disagree with this statement.

 

I couldn't disagree with this statement more so we are just going to have to disagree.

 

Being in strong disagreement with sakata immediately places you in the category of the most sane among us.

Spot means, by definition, immediate delivery of the asset.

 

My thoughts gold versus silver. If gold reaches the $2000 predicted silver will also rise. Buy gold at $1500 sell at $2000 make 25% profit in a thin market since few people have $2000 to spend. Silver at $100 same day. You bought silver like most folks currently at $15 per dollar face in junk silver or $17.50 in .999 ASE or rounds. You have made on this sale 82.5% to 85% profit selling into a wider market. There will always be more people who have a hundred bucks than those who have $2000. That is for selling one ounce of gold. If you have accumulated more your problems in finding a buyer expand not contract. Silver hoards and gold hoards can be divided into smaller lots but the problem remains in finding a buyer on short notice. Premiums benefit the dealer not the collector. Buying junk coins there is not a premium to buy and occasionally some of the coins can be sold for a premium to collectors leaving behind the worn and damaged coins. Do as you please.

 

Given the non sequitur nature of that comment on my screen I have to assume that Kurt interjected a comment. My experience is that anything he says can be taken with a grain of salt.

 

Makes sense. Even better than junk - better grade coins that go for junk prices.

Not sure what triggered an edit in my above post, as it was not overly political [at least next to what else is let fly on the bullion forum]. But it may have been an unwelcome point of view.

 

Point of view has nothing to do with it, all political comments are unwelcomed. There is no "not overly political comments". If you have forgotten, I can send a copy of your pre-edit post to you by PM as the program keeps every version/change.

 

His "experiences" are NOT "incomplete", he's just plain old flat-out nearly always WRONG. His is an exemplar of the school of thought of the paranoid "conspiracy-theory-believer" metal hoarder. You know, the type that several companies directly market to on much of syndicated AM radio programming.

 

On ONE thing sakata is right - spot and futures prices do EVENTUALLY influence each other. There is a sort of "gravity" between them. If they wander too far apart, the lagger gets tugged along behind.