It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by projectvxn
From what I understand Dodd/Frank creates reserve requirements of physical for regulated markets as well.
Retail Foreign Exchange Dealer
Persons offering to be or acting as a counterparty to retail forex transactions to be registered as retail foreign exchange dealers (RFEDs) or futures commission merchants (FCMs) with the CFTC, unless they are regulated by another Federal regulatory agency. - Link
Originally posted by projectvxn
lol @ Frankendodd
Originally posted by projectvxn
Originally posted by anumohi
buy lead, preferably in 308 by the 1500 count and at least 10,000, then you can have all the gold and silver you want
All my lead is in 9mm, .40, and 5.56mm denominations.
so much for the Chinese taking over as the would currency
CONVERT CURRENCIES
Convert this amount:
From:US Dollar
To:Chinese Yuan
Results: 1.00000 US Dollar = 6.49646 Chinese Yuan
6.49646 Chinese Yuan per US Dollar
Based on daily rates for the US dollar
Originally posted by hawkiye
reply to post by bekod
But those buying physical gold to protect thier wealth will never lose because the number of pieces of paper one can trade for gold or silver at any given time is not the true value of PM's It is the purchasing power of gold and silver despite paper inflation that makes gold & silver the faithful hedge against hard times for thousands of years. When paper currency isn't worth the paper its printed on gold and silver will still buy goods and services!edit on 27-6-2011 by hawkiye because: (no reason given)
You almost had me till there. Ask someone who bought gold in the 80's to protect their wealth how they fared for the next two decades. There also isn't enough gold in the world to start a barter system with over 6 billion people in the world. There are no sure things. The only sure thing is diversification.
Originally posted by Dance4Life
reply to post by hawkiye
Right, I know the value. I know that if I would have invested in the SP500 instead of gold since 198x I would be vastly more rich than if I bought gold. We can go as far back on the timeline as you want.
Until we are shaving gold bars for gasoline your statements hold no merit. Diversification is king in the end.
Gold has outperformed the S&P 500 by 17% annualized over the past 5 years, 16.7% annualized over the past 8 years, and 12.2% annualized over the past 10 years." I couldn't believe it! I checked and rechecked the calculation, and found no error.
Originally posted by Dance4Life
reply to post by hawkiye
Go back more than 10 years. I am not sure what you are trying to get at. There is nothing secret about historical charts of both on the internet. I said 198x ( 20 + years is usually one's investing lifetime ).
Do the past 10 years in your mind mean more than the past 50+? There really isn't a lot of debate here.
** By the way, don't forget about the huge taxation on gains in metals. Plus markup. **edit on 27-6-2011 by Dance4Life because: (no reason given)
S&P 500 vs. Gold Price
February 21, 2011
Over the last 35 years, the relative price of Gold1 and the S&P 5002 has oscillated up and down very significantly. In the aftermath of 2008 and the financial crisis, this ratio has regressed toward a value of 1.0, which indicates equal valuation for the S&P 500 index and an ounce of gold. In the latter half of 2010, the S&P 500 vs. Gold ratio dropped below 1.0 as Gold prices were pushed up by speculators seeking to hedge against expected future inflation. Our analysis indicates that this trend is likely to continue through 2011 as monetary expansion inflates both asset classes.
If the economy slips back into recession from monetary tightening or the cumulative impact of additional government taxes and regulations, we expect to see the S&P 500 price move significantly below the price for gold. Conversely, we anticipate that the S&P 500 will resume a growth trajectory relative to gold when the economic and political conditions become more favorable for expansion. At present, these conditions are not likely to transpire in 2011, and may take until 2012 or longer. - Full text
Originally posted by Dance4Life
reply to post by hawkiye
You must not hold any for gains then - either that or you are cheating the IRS.