Next Level: GOLD $1,350.00

You might have to elaine. How much platinum do you have? I never bought any.

Currently in Asia: Platinum @ 7:15est is $1347bid/$1351ask

 

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You know, much has been made about Americas deficits, and borrowing, but from all of what I have read the deficits and borrowing of the euros and pounds are not any better, the difference it seems to me is that it is a huge double standard.

If somehow or the other we have been designated the worlds policeman we should make those other countries pay for the service or decline providing those services.

 

krispy. i got very few ounces of platinum bars. i will sell it next week. and buy 09 buffalo proof. that will increase my buffalo proof to 18.

 

tonight (new york time) asia high is $1,100.90 per ounce. short of all time record high at $1,102.30 per ounce. currently kitco quote is bid $1,098.60 ask $1,099.70.

 

What services are you referring to?

 

Gold hit $1,102.00 an ounce in asia. $0.30 short of all time record high. See price moving upward to $1,200.00 soon.

 

Gold hit all time record high at $1,105.90 per ounce in asia.

 

http://www.individual.com/storyrss.php?story=109820095&hash=b8b3fdbe84ce40c3b7891bd88a05e24e

 

so to change topic. I have a friend that wants to trade 1 oz kurgarand and 1 oz 2008 Unc Buffalo for 2 1 oz AGE's. What's the downside to this trade?

 

elaine has been reporting the 2008w unc. collector version Buffalos are going for $2,450.00 - $2,650.00. Also the Krugerrand is 22k and the Buffalo is 24k while the AGEs are 22k. Seems like you can get a lot more than 2 AGEs based on the above factors, maybe 2-1oz. AGEs and a fractional, so the trade is not equal as you put it, if the Buffalo he has is the "w".

 

1 oz krugerand worth about $1,150.00
1 oz 2008 bullion am buffalo worth about $1,155.00

two 1oz 2009 bullion am eagle worth about $1,160.00 each.

 

Please point me to the "many" you refer to. I am trying to figure out the answer to your question and would like to read their reasoning.

 

In case this hasn't been mentioned already...the November 3rd edition of Numismatic News (page 24) has an interesting article entitled...

"Factors converge for possible run on gold"

The article talks about naked short selling and "rumors" of gold bars filled with tungsten. I don't know how much of the story to believe, but it's an interesting read.

 

Gold at $1109.60 as of this post!

 

Gold high at $1,112.10 per ounce.

 

I guess thank you......India?

 

Sri Lanka is on the same page as India, announcing plans to buy gold for it's central bank. Before it's over, lots of world banks will be turning away from the dollar.

Nightowl

 

Stock up in the hard assets.....

from GoldSeek.com

Can you imagine the United States getting in the ring with China for a fictional showdown? Satirically speaking, the American enters the ring with paper stocks, bonds, currency, toxic debt which they cannot collect, and out of control borrowing for which they can never repay, an economy whose industrial production has been gutted and shipped to Asia and who depends totally on its major competitor for its credit and purchase of most goods!!!

On the other side of the ring, the Chinese challenger enters the ring armed with gold, silver, 98% of all rare earths, energy deals with Russia and Venezuela, Iran, acquired natural resources and precious metals from Africa to Canada, all the industrial industry that USA handed to them so they could produce it for us, all of the American money, an economy that is growing at 8% GDP. Does anyone care to take a guess who is going to be calling the shorts at the G20 meeting this weekend?

On a more serious note…….

In this age, the information age, I believe World War III is already underway and is not fought with guns and butter. It’s fought with gold and hard assets and not paper. It is a financial war and the goal of the enemy is to acquire the wealth of and usurp the power of the USA without firing one single shot. While USA has been at the Party the real competition for power and control have been gathering together, forming alliances, and have implemented a plan to systematically dismantle the United States and remove it from the world throne.

In this War, the "no-bullet" war, the removal from the throne cannot be stopped because of the method of extraction. Just like in the movie "2001 - a Space Odyssey" an Astronaut dismantles a super computer that has taken over the spaceship. He simply removes the computers huge memory banks..... one bank at a time until the computer at the end is basically rendered to the capability of a person who has undergone a lobotomy. Once the astronaut gained access to the memory bank, the computer could only stand by and watch the dismantling.

By removing the dollar as the method of payment in the world Oil supply, China and a host of other nations have rendered a blow to this country akin to the memory banks being removed from HAL, the supercomputer we stated about in the last paragraph. The USA can just stand there and watch as the dollars removal of the world currency has begun, and like HAL, it is powerless to stop it.

The end of the dynasty of the 20th century known as the United States is officially over. It is bankrupt. Caput as they say. It is akin to a home owner who has defaulted on his mortgage payment and at this point, has stopped paying but is still living there, pawning off the remainder of his "stuff" before the creditors arrive and take over all the assets and remove him from the premises. At that point, no one gets paid. Not the oil man, not the phone, not the credit card, not the TV, not the car. Nothing. He/she can put it out of their minds for the time being, but the day of reckoning does arrive at some point.

The removal of the US dollar as world reserve currency is underway. China is not as far off as many think to be able to issue bonds that will be backed by the Yuan. When that happens, it'll be like that home run A-Rod hit the other night in the ninth inning (I think it was) against the Phillies in the World Series. Game over.

 

I think this is an exaggeration of the present state of the U.S.

Too slanted towards the "dark side".

Certainly, there are problems that will take some time (years really) to solve,
but I don't envision any thing like the scenario you've so far painted..

 

Not my scenario and I agree/hope that our elected (and unelected) officials don't let this happen. There are a lot of people who like the weak dollar right now...and a lot of spending going on....and a lot of deficit spending going on. I just want a little defensive position....not planning on socking 50% of my capital in gold/silver.