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Originally posted by gimme_some_truth
Originally posted by SquirrelNutz
reply to post by gimme_some_truth
Yeah, either way my intent to is to sell one - get some ca$h (and, congrats on a past 'investment') - and break the other one.
sell one what? One gold?
I don't know if it is reasonable or not because I am not sure what you just said.... Though I did just get off work ( Night shift) and am tired.... so....
I will just assume you are being reasonable
Originally posted by SquirrelNutz
Originally posted by GmoS719
reply to post by sbctinfantry
I don't think many of us own Gold.
I might be wrong, but I think that kind of stuff is reserved for the rich.
I have gold. I am certainly not rich - although, I obtained when I had a little more money to throw around, and was diversifying quite a bit.
Recently, I decided I wanted to have at least one of the 2 American Eagles (1oz.) I have broken down into fractional coins, so that if ever needed them, they would be more flexible for trading/bartering, or giving as gifts - hell, I don't know...
I contacted a rare coin shop who met by appointment only. I gave them my information. 30 minutes later I got a nice message from a gentleman saying he would love to talk me through the process as well as provide some other recommendations(?). His message said that he was only going to be in the office for another few minutes, but that if we didn't speak [today], he would contact me again first thing Monday morning. Very professional.
However I got no call today. Should I call them back?
[part of me feels like it's a sting or something lol - am I not supposed to have gold? Does it have paperwork missing that I received from the company I bought it, I don't remember (don't think so)]edit on 8/22/2011 by SquirrelNutz because: (no reason given)
Originally posted by antar
The average person has no idea about this run on physical gold. It is not something that has ever been anything other than a 'risk' to them. The same people are now sitting on bonds and Tbills, Cds which in the past brought a tidy sum but no longer are worth the paper they are written on.
Sad, but it is still a good bet to hold some nuismatic coins in your profile. If you live in Zimbabwe, what good do diamonds and gold do you? If you were not holding when their economy crashed? They can be taken, they can get you killed.
Following a 6 month stalemate in which neither side had attained any advantage, it suddenly took just a few days for the Libyan rebel forces to steamroll unopposed into Tripoli. While we are confident that the political aftermath of this outcome will be very much comparable to what is happening in Egypt right now, many wonder why it is that the Libyan situation has progressed with such speed. Perhaps the answer can be found in the 143.8 tons of gold held by the Libyan Central Bank. Granted it is nowhere near close the 366 tons of gold that Venezuela supposedly has per the WGC, most of it likely held offshore and not being repatriated, the question of where the global gold cartel may find some of the much needed physical to satisfy Chavez' demands has been now answered. Of course we assume that said gold has not already departed Libya in direction Caracas over the past 6 months. Which, in retrospect, we probably should, as it would explain why gold is now at $1875 and rapidly rising.
Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States".
Originally posted by KaiserSoze
Originally posted by ALF88
Soros didn't sell physical gold, he sold gold ETFs.
When do people learn that its not the same.edit on 22-8-2011 by ALF88 because: (no reason given)
You beat me to it, I figure if I buy gold or silver and don't have it physically in my possession
I might as well be investing in magic beans or pixie dust (not to be confused with stripper glitter).
Its sort of like comparing horses to unicorns.
Gold is far from scarce and it´s largely useless.