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

Thanks John, heading over to read up on those posts...

 

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For what it's worth, and with all due respect, your post regarding Elaine1970's post strikes me as being somewhat over the top ... "sleazy?"

Just my opinion being expressed, just as yours was.

 

Okay, John, I re-read the comments over there. Some people gave honest speculation and made great points, most responding to the media headlines of the last month or so. I actually did follow that thread myself when it was new. There's a lot of speculation in that thread and yet the replies by elaine_1970 are not in depth, corroborated by any factual links over there nor any bit more helpful/insightful than all of those same fear-stoking figures here. On the other comments and reasoning such as you have presented come off as sensible and coherent. The figures tallied make some sense and are useful. Thanks for that.

 

Billincolo: Actually, mine was not an opinion. That users undocumented comments are indeed 'sleazy' as they are also: flimsy, poor and unsubstantial in nature, all synonyms of 'sleazy' yet less impactful, which is why I choose that word... the results of those comments can affect peoples lives and choices negatively if read and believed without substantiation. I challenge the user to stand up and provide evidence to these claims, especially given the nature of the current global economy.

Now your comment of my choice of wording, "strikes me as being somewhat over the top" that's an opinion. I appreciate the due respect you gave me and I am only trying to point out that I was not being unfair by selecting a harsh word. I respect your input and thank you for reading mine, as well as challenging me on it.

 

Okay everybody, let's get back on track. Whether you have gold and other PM's for whatever reasons nothings going to happen overnight. We're in this crisis and it is going to last at least another year or until the housing markets picks and people start spending some money on all kinds of goods. This will create jobs and banks will lend more. Just hang on to what you have and things will eventually come back. Yeah we'll be in debt up to our eyeballs forever because we let this government sink us. I do not like this whole evil situation either.

 

Totally!
It just was not helping to have so many posts full of figures and comments that no one else can confirm or base their own speculations on. Lets help each other or stop posting comments without backing up one's sources. Figures like these and statements about what different nations will do are not absolute nor widely knowable the way coin grading can be when offering attributes, etc.

Cheers all!

 

Elaine does a great service to all forumites here by posting accurate mintage info (that is otherwise unavailable). She seems to know a lot of stuff that is not common knowledge, I would not just blow her off.

 

here what you guys want:


http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=6926

 

A lot of people know a lot of stuff that 'seems' like common knowledge, but that doesn't imply they are correct and factual in their claims. Just re-posting data taken from somewhere else is essentially plagarised and appears to be left here to stoke fear in the gold bugs.

Mintage information is publically available, but it usually is not accurate until several years later and merely takes patience to wait for and a little effort to seek out. The same effort should be applied to citing ones sources to data and figures posted on this topic.

I would never blow off anyone here or elsewhere but I DO fully discount elaine_1970's gold and China comments in the current context if they remain without attribution and link to published sources. It's fine to give one's thoughts on a matter and add to the discourse but this user is not doing that at all, instead just dropping semi-well timed nuggets of unsubstantiated news culled from elsewhere. These figures seem off to others on this thread when considered to current events and published data and nothing the user posts is ever contested, until now. The user ignores the discussion and continues to post data consistently without regard for the above mentioned authentification issues. The users figures lead to misinformation and pointless speculation, thus doing a diservice to this thread.

The internet and data do not exist just for copy and pasting the same thing again and again, but if that is what someone want's to do, then at least put a source to your data (especially when it's being requested by others) so everyone can weigh the information you've cited from original sources. Question everything.

 

Thank you very much for posting a source.

 

I do think it is annoying too when information is just stated and not backed up. I also think it's annoying how old threads seem to be brought up by her. Just my opinion :eating:

 

Methinks you confuse "old" with "ongoing".

 

This Numismaster article shows why it is so important to post the source of info, as that article does not support Elaine's claim that China is going to buy $80 billion of gold. It says they want to buy that much, but the article makes clear there isn't that much available on the world market to be purchased - and obviously the markets don't buy this story since gold is still at $936.

I think it was a good thing people asked for a source, as the initial claim turned out to be misleading.

 

That's a good point

And yes, it's possible they may buy that much but they can't do it too quickly because if they raise the price of gold it'll hurt themselves.

 

Removed: Not worth the effort.

 

This was a great link. I don't think it mentions the PPT but we all should all be aware of this sinister group.. What does PPT stand for, any one know?

 

Plunge Protection Team or the Presidents Working Group on Financial Markets.

http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

 

I think this guy will have more to do with the rise of gold prices then anything!

 

Too political. Time to end this thread.

 

Yep, the conspiracy stuff has gotten in...