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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Hugo Chavez on November 09, 2006, 05:33:50 AM
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I've got a list of at least 65 different well respected and established analysts who are all predicting gold will hit at least $5,000 or more. Some speculate as much as $15,000 oz, while others still estimate a high of as much as $56,000 oz.
While $56K seems rather high, when he breaks down the reasons why, ...it doesn't seem all that far-fetched at all.
Of course bare in mind, that could be 56,000 in hyper-inflated US Dollars, an amount that could possibly have the same buying power that $500 has today. ;D
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Stocks step down as gold steps up
NEW YORK 11-08-10 (CNNMoney.com) -- Stocks ended lower Monday, as investors took a step back from last week's run-up and shifted their focus to the global economic picture.
The Dow Jones industrial average (INDU) lost 38 points, or 0.3%, to end at 11,406.84. The S&P 500 (SPX) dropped 3 points, or 0.2%, to close at 1,223.25, and the Nasdaq (COMP) added 1 point to end at 2,580.05.
Instead, investors turned to commodities. Gold surged to a new record high, settling at a record $1,403.20 an ounce, as jittery investors continue to see it as a hedge against inflation.
I have a compiled list of over 65 credible analysts who all predict gold rising to well over $5,000 oz, along with their reasoning for this. I won't post the list because it appears on one of my websites, but if anyone wants it, feel free to PM me.
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I don't know why any rational investor would purchase "gold Bullion" from 24KT..When they could play gold through an ETF such as the (GLD), Gold mutual fund, or via Futures (e-mini), or against a currency.
24KT=cockroach
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I don't know why any rational investor would purchase "gold Bullion" from 24KT..When they could play gold through an ETF such as the (GLD), Gold mutual fund, or via Futures (e-mini), or against a currency.
1) No rational or irrational investor could even buy gold bullion from me, because I don't sell it, I buy it.
2) IMO, no rational gold purchaser should even consider buying gold through an ETF because as Andrew Maguire aptly pointed out ETF's are leveraged as much as 100 - 1. This means the "stock" or "futures contract" which is what it is, is resold over & over, with no bullion to back it up. If anyone were to read the fine print on the ETF's one would realize that they can default and owe you nothing but the actual dollar amount you originally paid. People invest in gold in order to store the value of their money. In the event of an economic crash or a massive devaluation of FIAT currency, one needs the gold, not the FIAT currency they used to purchase the gold.
If anyone seeking to preserve their wealth were to seek my advise, I would tell them to run clear of ETF's, and to exchange their FIAT currency only for physical bullion, ...allocated physical bullion, ...or even better... take delivery.
There's no need to sling childish insults
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If i invested 10K into your KB gold Scam.com..How much of that money would go to you? Total commission's paid out to you, over the life of the investment?
Speak on this.
BTW 24KT,
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If i invested 10K into your KB gold Scam.com..How much of that money would go to you? Total commission's paid out to you, over the life of the investment?
Speak on this.
BTW 24KT,
Not a single dime of any purchase you might make would go to me!
PS: That is the extent to which I will comment about my personal business activities in this thread.
I will not allow you to veer this thread off topic or bait me into making an inappropriate post.
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Commissions are nice...
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Not a single dime of any purchase you might make would go to me!
A company can't sell gold bullion at the Spot price...
There's no such thing as a free lunch...
Certainly, your not giving free advice?
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A company can't sell gold bullion at the Spot price...
There's no such thing as a free lunch...
A company that owns gold mines (plural), AND a refinery, and has the ability to bring an oz of certified kinebar (http://en.wikipedia.org/wiki/Kinebar) quality gold bullion to the market at approx $433 an oz, has the ability to sell gold bullion for even less than the spot price, ...not to mention providing preferred customers with preferential pricing, even a % of gold over & above what they actually paid for.
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A company that owns gold mines (plural), AND a refinery, and has the ability to bring an oz of of certified kinebar quality gold to the market at approx $433 an oz, has the ability to sell gold bullion for even less than the spot price.
Judy are you this ignorant on how things work...
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Wow, 433 dollars an ounce for gold bullion...What a steal...The spot price is currently 1410.10..Logic tells you that Bullion has to have a premium over the spot price...
Essentially, these gold are going to have the value of chocolate bars.
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Judy are you this ignorant on how things work...
Sorry, gotta go... gotta turn off my phone and get my snacks ready. "The Event" is about to start. :D
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Can we get some moderation in this thread? Since when are pyramid schemes allowed on this board?
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Just notice there's a 30% spread on the bullion Jaguars company sells..
Buy 37.00
Sell 29.50
Market makers always get paid..
$7.50 spreads are all the rage these days. ::)
1) No rational or irrational investor could even buy gold bullion from me, because I don't sell it, I buy it.
2) IMO, no rational gold purchaser should even consider buying gold through an ETF because as Andrew Maguire aptly pointed out ETF's are leveraged as much as 100 - 1. This means the "stock" or "futures contract" which is what it is, is resold over & over, with no bullion to back it up. If anyone were to read the fine print on the ETF's one would realize that they can default and owe you nothing but the actual dollar amount you originally paid. People invest in gold in order to store the value of their money. In the event of an economic crash or a massive devaluation of FIAT currency, one needs the gold, not the FIAT currency they used to purchase the gold.
If anyone seeking to preserve their wealth were to seek my advise, I would tell them to run clear of ETF's, and to exchange their FIAT currency only for physical bullion, ...allocated physical bullion, ...or even better... take delivery.
There's no need to sling childish insults
You do know that 225 for 70 does this stuff for a living, right?
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$7.50 spreads are all the rage these days. ::)
You do know that 225 for 70 does this stuff for a living, right?
That's 7.50 per 37 dollars invested. The company is a Bucket shop and can change their spreads whenever they want.
zero reflection of the true "market value" of gold....
Scam 100%
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1) No rational or irrational investor could even buy gold bullion from me, because I don't sell it, I buy it.
2) IMO, no rational gold purchaser should even consider buying gold through an ETF because as Andrew Maguire aptly pointed out ETF's are leveraged as much as 100 - 1. This means the "stock" or "futures contract" which is what it is, is resold over & over, with no bullion to back it up.If anyone were to read the fine print on the ETF's one would realize that they can default and owe you nothing but the actual dollar amount you originally paid. People invest in gold in order to store the value of their money. In the event of an economic crash or a massive devaluation of FIAT currency, one needs the gold, not the FIAT currency they used to purchase the gold.
If anyone seeking to preserve their wealth were to seek my advise, I would tell them to run clear of ETF's, and to exchange their FIAT currency only for physical bullion, ...allocated physical bullion, ...or even better... take delivery.
There's no need to sling childish insults
I don't know where to begin..She lives in a fantasy land.
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Someone need to block jag from peddling her snake oil on this thread.
Gold's going to 5k..However, you won't see anything close to 5k if you invest with her company..She has a list with 65 Analysts that recommend you buy gold..However, she has troubles explaining exactly how she profits from your investment..
Financial advisors/snake peddlers who aren't honest with their clients about how they get paid, should be avoided, and skinned thereafter.
I'd like to believe that she makes zero money off of KB gold, and does it for the "small investor."
However, this isn't the case
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I've got a list of at least 65 different well respected and established analysts who are all predicting gold will hit at least $5,000 or more. Some speculate as much as $15,000 oz, while others still estimate a high of as much as $56,000 oz.
While $56K seems rather high, when he breaks down the reasons why, ...it doesn't seem all that far-fetched at all.
Of course bare in mind, that could be 56,000 in hyper-inflated US Dollars, an amount that could possibly have the same buying power that $500 has today. ;D
::)
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Why do you think that is so inconceivable? A few years ago when gold was $400 oz, who would have thought we'd see it at $1,400 oz in just a few years? Why then would it be so ridiculous to think it may go to $5,000 oz or beyond? Especially with the current Fed policies we're seeing today? QE is all they have left. C'mon 333. You've read the Creature from Jekyll Island. You know where this is going.
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Why do you think that is so inconceivable? A few years ago when gold was $400 oz, who would have thought we'd see it at $1,400 oz in just a few years? Why then would it be so ridiculous to think it may go to $5,000 oz or beyond? Especially with the current Fed policies we're seeing today? QE is all they have left. C'mon 333. You've read the Creature from Jekyll Island. You know where this is going.
I was talking about the analysts without you naming them.
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I was talking about the analysts without you naming them.
Oh, they are Nigerian analysts.
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I was talking about the analysts without you naming them.
You want me to name ALL 65 of them? :o :o
People who want to know who they are can see the names if they look at the list.
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Oh, they are Nigerian analysts.
I thought this was supposed to be a serious thread... strictly moderated... with attacks & trolling? ???
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You want me to name ALL 65 of them? :o :o
People who want to know who they are can see the names if they look at the list.
Most Analyst's had a buy or strong buy ratings on Enron, etc..
None the less gold can hit 98,000. However, if you purchase it through bucket shop..You'll still lose money
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Besides, what is to say that the government can't take your Gold away from you like they did after the Great depression, at extremely low prices.
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Oh, they are Nigerian analysts.
Since when are Mike Maloney, Gerald Celente, Jim Willie, Peter Schiff or Marc Faber Nigerian? ...just to name a few
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Since when are Mike Maloney, Gerald Celente, Jim Willie, Peter Schiff or Marc Faber Nigerian? ...just to name a few
They all recommend you buy gold from reliable suppliers...If you purchase bullion from a bucket shop, you might as well just hold dollars or whatever.
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Besides, what is to say that the government can't take your Gold away from you like they did after the Great depression, at extremely low prices.
There is a misconception out there that the US confiscated gold. What they did was requested the gold.
It was a voluntary thing. People agreed to turn their gold over to the government. Whether undue coercion was exercised I don't know... however, if you possess gold that is stored in a neutral country like Switzerland, there is less likelihood that government authorities will have access to it against your will, than they would if stored in a safety deposit box in a US financial institution.
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There is a misconception out there that the US confiscated gold. What they did was requested the gold.
It was a voluntary thing. People agreed to turn their gold over to the government. Whether undue coercion was exercised I don't know... however, if you possess gold that is stored in a neutral country like Switzerland, there is less likelihood that government authorities will have access to it against your will, than they would if stored in a safety deposit box in a US financial institution.
Why are you ignoring my posts about the bucket shop?
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They all recommend you buy gold from reliable suppliers...If you purchase bullion from a bucket shop, you might as well just hold dollars or whatever.
Agreed. That's why what I purchase is kinebar (http://en.wikipedia.org/wiki/Kinebar) grade bullion. That is the highest certification of gold one can get. It is a higher certification than what you get if purchased from a bank, and does NOT lose it's value, unlike the bullion one purchases from a bank.
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Why are you ignoring my posts about the bucket shop?
I can only read and respond to one post at a time.
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There is a misconception out there that the US confiscated gold. What they did was requested the gold.
It was a voluntary thing. People agreed to turn their gold over to the government. Whether undue coercion was exercised I don't know... however, if you possess gold that is stored in a neutral country like Switzerland, there is less likelihood that government authorities will have access to it against your will, than they would if stored in a safety deposit box in a US financial institution.
Yeah but they also changed the exchange rate so that what you got back was not worth what is was when they tried to take it anyway.
Who the hell knowns what this crazy govt will do, but it seems to me that people should have a little of everything if possible. Food stores, gold, real estate, stocks, gold, everything.
And of course - personal protection, physical needs, food, etc etc.
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I can only read and respond to one post at a time.
Let's assume that i invest 10K with your firm..I hold the investment for one month...The price of gold stays exactly the same @ 1400 dollars an ounce for chuckles..I choose to cash out. How much money will i get back? close to 6400?
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There is a misconception out there that the US confiscated gold. What they did was requested the gold.
It was a voluntary thing. People agreed to turn their gold over to the government. Whether undue coercion was exercised I don't know... however, if you possess gold that is stored in a neutral country like Switzerland, there is less likelihood that government authorities will have access to it against your will, than they would if stored in a safety deposit box in a US financial institution.
::)
Preventing Your Government From Stealing Your Gold
Jeff Nielson
07/12/10 - 12:23 PM EDT
By Jeff Nielson of Bullion Bulls Canada
(http://i.thestreet.com/files/tsc/v2008/photos/all-pics/metals/gold3-inside-small.jpg)
With the U.S. government having already stolen the gold of its own citizens once, a question which I have often been asked by American readers is, "Do I think the U.S. government will steal [their] gold again?" My reply has always been that in the absence of a gold standard there is no motive for simply confiscating all gold again.
With U.S. debts and liabilities exceeding $100 trillion, while all the gold inside the U.S. is worth considerably less than $100 billion (at current values) even a quadrupling of the gold price from today's price would still make it totally inconsequential in restoring solvency to the U.S. government. If the government were to stoop to directly (and openly) stealing from its citizens, it would be much more likely to pillage their bank deposits, which are more than ten times as large as their gold holdings.
However, there is a further point which I should have made which relates to this issue. Specifically, even without formally "confiscating" our gold, all of our governments have already created a vehicle to steal a portion of our gold: our taxation systems. The pretext our governments use/will use to steal our gold (and silver) via taxation is "capital gains." This is such a perversion of the concept of a "capital gain" that such tax treatment for gold and silver is simply evil.
Keep in mind that if you buy physical bullion and sell it for a profit that most of that gain is merely the money you didn't lose by foolishly storing your wealth in our paper, "fiat" currencies. In other words, there was not a capital gain for your gold or silver, but more properly there was a capital loss on all paper currency.
Once we recognize this obvious truth, it leads to another, equally obvious truth. If the government believes it has the right to tax our capital gains we make in gold vs. paper, then it must allow claims made on the commensurate capital losses in our paper, "fiat" currencies versus gold.
In fact, our tax codes refuse to acknowledge those equally valid capital losses -- and for an obvious reason: it would amount to receiving a tax deduction for inflation. Since inflation is the vehicle which governments and bankers use to steal our wealth in the first place (which creates the need to buy gold and silver), the last thing they want to do is to slow down that theft.
Actually, governments do the exact opposite. Inflation pumps up nominal prices and nominal wages -- increasing the total amounts of both sales and income taxes. No, our governments are too addicted to stealing to allow us to claim capital losses on our paper currencies. And they are so hypocritical and evil that they also intend to tax our gold and silver: the only means of preventing theft-by-inflation.
Having demonstrated that our tax system has a double-standard which is so perverse as to be genuinely evil, I now intend to explain to readers how to legally avoid such perverse taxation. Bear in mind that I offer this advice having studied tax-law, and in order for the advice to be valid, readers must follow every aspect of this strategy, precisely as described.
To explain the legal, tax avoidance strategy for gold and silver bullion, I must first explain how our governments justify stealing our gold and silver with taxes. To begin with, we help them perpetrate this taxation double-standard by foolishly using terminology which supports their interpretation. We talk about "buying" and "selling" bullion with our paper, "fiat" currencies, when what we are really doing is converting one currency into another.
For those who attempt to foolishly maintain that gold is not a currency, I need only point out that every central bank in the world holds gold as currency. While these central banks don't hold silver as currency, there are two factors involved. First, as I have explained in previous commentaries, global stockpiles of silver have almost been totally exhausted because silver has been so grossly undervalued, for so long. And because silver remains grossly undervalued, any government holdings of silver as currency would be literally nothing more than "spare change."
To illustrate how we buy/sell other currencies without generating either capital losses or capital gains, I'll use a simple example. If we go on a vacation to Mexico, we would not talk about buying pesos for that vacation, and if we did so, we would be using the term inaccurately. Instead, most people would simply say they need to get some pesos, since all they are doing is converting their dollars (or euros, or yen) into another currency (along with paying an inevitable commission for the transaction).
In other words, if we talk about our gold and silver like they are commodities rather than currencies, then this allows our governments to deem these holdings as commodities, not currencies. However, even people who routinely swap one currency for another must pay taxes on their gains because they are formally deemed to be trading those currencies. In other words, the people who regularly trade in currency markets also treat their currencies as commodities.
It should be noted that those currency-traders are allowed to claim capital losses when one of their currency trades goes bad. This reinforces my earlier point that if governments are going to tax the capital gains of our gold and silver versus paper, that both logic and justice demand that they also allow our capital losses on that same paper.
Irrespective of these different rules, the first stage in legally avoiding taxation of our gold and silver is to treat these holdings as currencies not commodities. But it is not enough to simply "talk the talk," you also have to "walk the walk." What do I mean by this?
To begin with, you cannot trade gold and silver. As I explained earlier, if you trade gold and silver at all, you forfeit your opportunity to avoid taxation. You can never "sell" any of your bullion. For those who cannot accept this first principle, you may as well read no further, as none of the rest of this strategy will apply to you.
This should not be too onerous on people. First, most precious metals investors understand that the physical gold and silver they are acquiring is insurance. By definition, this should be something which people automatically hold onto, until needed. Secondly, for those who want to trade in this market, you have literally hundreds of gold and silver miners to choose from (along with mining-ETF's) which are not only direct plays on gold and silver, but which provide natural leverage through the very nature of their business models.
My own policy with respect to my precious metals portfolio is simple: I hold my bullion, and I trade my mining stocks.
Once people have accepted the principle of never "selling" their bullion, the next imperative is the form of your bullion. I buy only legal tender, minted coins. As I have explained previously, it should not be necessary to do this in order to prove to tax authorities that our bullion is a currency, not a commodity. However, with any legal system which could permit such a perverse double-standard in its taxation, we must also go to this extreme.
There is a second reason why I prefer coins to bars, even though it means paying an extra premium in my purchases: assaying costs. Anyone who holds gold or silver bars outside of a registered storage facility may be forced to pay assaying fees if/when they decide to convert their bullion back into paper currency. A bank safety deposit box is not a "registered storage facility" -- even though that same bank may very well have their own bullion vault which is such a facility.
My fear with respect to holding bars is that the same banksters trying to steal our wealth today through inflation (and who are rapidly destroying their own sector) may decide to move into the "assaying business" tomorrow -- in order to steal some of the wealth of those who were prudent enough to protect themselves with precious metals. Potential assaying costs could easily exceed the premium one pays for coins (today), by many multiples.
I hold legal tender, minted coins, and I don't sell them -- so I can't be considered a trader. I have thus legally established that my bullion is currency not commodity. So far, so good. However, astute readers will have already seen a gap in my strategy: no "end game." It's great to store your wealth in bullion to prevent theft-by-inflation, and to do so in a way which legally avoids your "insurance" from being taxed. The problem is how do you ever utilize such wealth?
Perhaps a few have figured out the simple answer to this question. You do exactly what you do with your other currencies: you "spend" it. This is the final component in this insurance strategy which "completes the circle" in terms of acquiring insurance (i.e. bullion), protecting your wealth (the so-called "capital gain"), and then enjoying the benefits of your prudence -- without the government immorally, unjustifiably stealing its own "cut."
To illustrate this final principle, we can simply return to the previous example of someone going on a vacation to Mexico. However, let's add some additional facts to this scenario, in order to fully illustrate the taxation repercussions (or rather the lack of such). Let's assume that our hypothetical vacationer is also a savvy investor, who plans ahead.
Six months before his vacation, the value of the peso dips suddenly. Knowing he will need to hold some pesos six months from now, he obtains his pesos today. Over the next six months, the peso rebounds in value, and the pesos obtained by the vacationer are now worth significantly more than when he originally acquired them. Nevertheless, when he goes to Mexico, and spends his pesos he does not trigger a capital gain in the eyes of tax authorities.
There are two reasons why there is no taxation in such scenarios, one a matter of principle, one a matter of practicality. With respect to principle, the vacationer has done nothing to rebut the presumption that he was merely acquiring currency to spend, rather than trading that currency like a commodity. The simple fact that he planned ahead to time his acquisition of currency does not make this a capital gain -- as ordinary prudence is not taxable.
Let's add some additional details here. The vacationer does not use-up all his pesos during his vacation, and in fact has a significant amount left over. He simply hangs onto those pesos, and then when he returns to Mexico for another vacation, three years later, the pesos he is holding have appreciated even more. When he spends the remainder of those pesos, and realizes even larger gains on the transaction that gain is still not taxable.
In part, this simply reflects the fact that there is no expiry date on his original act of prudence, and more importantly he has never violated the presumption that he acquired his pesos as a currency, not a commodity. However, there is a second consideration at work here: practicality. Given the amount of travel which takes place in the 21st century, and the vast sums of money spent in tourism (in billions of transactions), it would be impossible for the government to even attempt to tax such (supposed) capital gains.
This practical consideration applies equally to our bullion. Even if we spend our bullion individually, and especially if bullion-holders collectively choose to spend rather than sell their bullion, it would be very difficult for our governments to even attempt to monitor such transactions.
The response to critics of this strategy is obvious: it's currently almost impossible to systematically spend bullion in our societies/economies. My reply is equally obvious: as I stated earlier, people should not be spending their "insurance" today, period -- because it is not yet needed. More importantly, by the time we do need to rely upon our precious metals insurance, in that future-world we will have no problem at all in "spending" our bullion.
Those who understand economic fundamentals (and economic history) know that every experiment with "fiat" currencies (going back 400 years) has ended in economic disaster. There has never before been an episode in history when the entire world has been on a "fiat currency" monetary system. The mountains of leveraged-debt which the bankers have been permitted to create (due to the absence of a gold standard) are also unprecedented in history.
This current, global monetary system must fail, and history tells us that it will be a collapse of epic proportions. What no one in the world can say today is whether such a collapse will occur five days from now or five decades from now (though logic dictates it will be much, much closer to days than decades). However, before (and likely long before) total collapse occurs, inflation will begin to spiral out of control -- meaning that it will have reached a magnitude where even the most gullible sheep no longer believe the phony "official" inflation numbers which our governments are still able to pass off on the (currently) ignorant and apathetic masses.
Stating that "high inflation" will soon be universally recognized is essentially the same thing as saying that people will begin to understand the foolishness (i.e. economic suicide) which comes from having your wealth in some paper form. Spiraling inflation also directly implies a spike in the price of gold and silver (from current price-levels).
In our future world, where high inflation ravenously devours our paper wealth, while gold and silver are (finally) universally recognized as the best forms of wealth-insurance available, it will not only be simple for people to "spend" their gold and silver coins, but there will be vendors offering premiums to buyers who use gold or silver for their purchases.
The reason for this is that by the time such a future evolves, the supplies of real bullion will already be so thoroughly exhausted that anyone trying to buy gold and silver on the open market will be forced to pay very large premiums to convince reluctant sellers to accept (rapidly-depreciating) paper in return for (rapidly-appreciating) bullion.
There will be skeptics who (even without any legal background) choose to reject my interpretation of tax laws. It is also true that governments could change their tax codes tomorrow and attempt to steal the gold and silver from those who try to (legally) avoid being robbed. My reply to that is if/when governments stoop to inventing new "taxation principles" solely to steal our gold and silver that such overt evil must be met with "civil disobedience." In other words, gold and silver holders can fall back on their second "defense" against having their gold and silver taxed: by spending your bullion instead of selling it, you will make it much more difficult for the government to find out that you have avoided their legal extortion.
The average citizens of Western societies are currently being victimized by the most savage wealth-grab by the ultra-rich "aristocrats" (who dictate economic policies to our supposed "leaders"), since the "revolutions" of the 18th century caused us to depose the last tyrants who attempted such mass, economic oppression. This is nothing less than "class warfare" -- except the poor and middle-class don't even (yet) realize that we are "at war." since the ultra-wealthy lack the courage to make a formal "declaration of war." This may have something to do with visions of guillotines dancing before their eyes -- as they recall what happened to their predatory ancestors.
In such an economic "war," we must use every means at our disposal to repel their various acts of economic "warfare" -- including the habitual abuse of our tax systems, as the principal means of stealing-from-the-poor to give-to-the-rich. For those who choose to question the "legality" of tactics, we can simply observe that our "legal" systems have already been perverted past the point of tolerance - for any supposedly "just" and "democratic" society.
I offer precious metals holders a strategy to legally avoid the unjust theft by our governments of their bullion. Should our governments pervert our tax code still further, in order to make such a strategy "illegal," then it's time to start the next "revolution."
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OUCH.
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loco she probally means it's a misconception that the government would steal your KB gold bullion...She's probably right, they don't want that crap
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Yeah but they also changed the exchange rate so that what you got back was not worth what is was when they tried to take it anyway.
Who the hell knowns what this crazy govt will do, but it seems to me that people should have a little of everything if possible. Food stores, gold, real estate, stocks, gold, everything.
And of course - personal protection, physical needs, food, etc etc.
Absolutely!
And for those with physical gold, it's IMPERATIVE to have it in practical quantities that allow you to function.
I see people buying 1 oz coins and bars, but I just don't see these as practical at all.
You can't very well shave off part of that coin to buy groceries, and unless you are the Octomom, I can't see people buying $1,400 worth of groceries for the week. What will they do if when gold goes even higher?
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Let's assume that i invest 10K with your firm..I hold the investment for one month...The price of gold stays exactly the same @ 1400 dollars an ounce for chuckles..I choose to cash out. How much money will i get back? close to 6400?
First of all, it is not MY company, it is simply the company that I have chosen to do business with.
Secondly, the company I have chosen to do business with is geared towards those who want to buy gold as a store of value. Someone looking to buy & sell it based on market dips & rally's in not an investor imo, but rather a gold speculator.
Third, as for the current buy & sell prices, they change daily, and I have not checked today.
Fourth, what the company does guarantee is the highest buy back price. Most people don't understand that it is not so much the purchase price that matters, but rather the buy back price you would get. The company I have chosen guarantees the smallest spread.
Fifth, Since the company has not yet launched in the US market, you would not have the ability to purchase gold or silver from them at this point in time.
225 for 70, please stop this.
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::)
Loco, I didn't write that article Jeff Nielson did. I simply posted it.
It's not my place to alter someone else's words.
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First of all, it is not MY company, it is simply the company that I have chosen to do business with.
Secondly, the company I have chosen to do business with is geared towards those who want to buy gold as a store of value. Someone looking to buy & sell it based on market dips & rally's in not an investor imo, but rather a gold speculator.
Third, as for the current buy & sell prices, they change daily, and I have not checked today.
Fourth, what the company does guarantee is the highest buy back price. Most people don't understand that it is not so much the purchase price that matters, but rather the buy back price you would get. The company I have chosen guarantees the smallest spread.
Fifth, Since the company has not yet launched in the US market, you would not have the ability to purchase gold or silver from them at this point in time.
225 for 70, please stop this.
Why should he stop it? He's exposing your company for what it is, a chop shop.
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First of all, it is not MY company, it is simply the company that I have chosen to do business with.
Secondly, the company I have chosen to do business with is geared towards those who want to buy gold as a store of value. Someone looking to buy & sell it based on market dips & rally's in not an investor imo, but rather a gold speculator.
Third, as for the current buy & sell prices, they change daily, and I have not checked today.
Fourth, what the company does guarantee is the highest buy back price. Most people don't understand that it is not so much the purchase price that matters, but rather the buy back price you would get. The company I have chosen guarantees the smallest spread.
Fifth, Since the company has not yet launched in the US market, you would not have the ability to purchase gold or silver from them at this point in time.
225 for 70, please stop this.
Your affiliated with a bucket shop. It's a great disservice to Getbigers by advertising the way you do..Especially, when you are selling sub-par products...With monster expenses and huge commissions to sales people..
Don't forget to deduct Sampson on your taxes..
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Why should he stop it? He's exposing your company for what it is, a chop shop.
Exactly BF..
Sampson Sells fear with most of his videos, and his gimmick sells the solution which is none other than "gold"..
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Your affiliated with a bucket shop. It's a great disservice to Getbigers by advertising the way you do..Especially, when you are selling sub-par products...With monster expenses and huge commissions to sales people..
::)
Who the heck is advertising? You are the one who brought it up, not me.
You're also the one that is doing GetBiggers the disservice by putting false information out there.
Yes, the company does pay between $150 - $950 in referral fees as a 'customer acquisition bonus' simply for referring a new customer, but this does NOT come out of the money that anyone uses to buy gold.
Because they own their own gold mines, as well as their own refinery, they have the ability to mine, smelt, & mint 999.9% pure 24KT gold bullion at a cost of $433oz. With gold at $1,400oz, that's a hefty profit margin with which to pay out referral fees. It also affords them the ability to provide their preferred customers with more gold than they paid for, as well as preferential pricing, both for buying, as well as selling.
If they were a rip off or scam, they certainly would not be granted the authorization from the Swiss government to produced certified monetary gold, they wouldn't have the ability to produce kinebar gold, they wouldn't have access to the same vault the Swiss government uses to stores their gold reserves, and they certainly wouldn't have received the endorsement of Bund der Sparer, an independent German Consumer Watchdog organization.
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::)
Who the heck is advertising? You are the one who brought it up, not me.
You're also the one that is doing GetBiggers the disservice by putting false information out there.
Yes, the company does pay between $150 - $950 in referral fees as a 'customer acquisition bonus' simply for referring a new customer, but this does NOT come out of the money that anyone uses to buy gold.
Because they own their own gold mines, as well as their own refinery, they have the ability to mine, smelt, & mint 999.9% pure 24KT gold bullion at a cost of $433oz. With gold at $1,400oz, that's a hefty profit margin with which to pay out referral fees. It also affords them the ability to provide their preferred customers with more gold than they paid for, as well as preferential pricing, both for buying, as well as selling.
If they were a rip off or scam, they certainly would not be granted the authorization from the Swiss government to produced certified monetary gold, they wouldn't have the ability to produce kinebar gold, they wouldn't have access to the same vault the Swiss government uses to stores their gold reserves, and they certainly wouldn't have received the endorsement of Bund der Sparer, an independent German Consumer Watchdog organization.
$150 - $950 per customer is a lucrative business, I may sell my soul to and start selling KB gold as well.. ;D
Also your user ID is 24KT..and inside your profile remains a link to KB gold...Me thinks you should pay Ron for advertising here, and ripping of his board members.
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Yes
Absolutely! A few of those businesses I am not actively promoting because they have either A) developed a momentum of their own, ...or B) because the timing of the venture in the particular markets where I am able to communicate with prospects, just isn't conducive for that new person seeing the kind of results I would want a new person to see in their business. If I could speak Russian, I'd be actively recruiting Russians, ...but I'm certainly collecting those cheques every week, and in some cases monthly.
I believe in MULTIPLE SOURCES OF LEVERAGED INCOME and actively pursue that with vehicles I consider worthwhile. Right now, I'm actively & aggressively building the foundation for another company that is in worldwide global prelaunch. I have high hopes that this one will be my biggest and most successful venture to date, because it is FREE to join, has no set-up fees, no website fees, no cost to participate in, and has the ability to attract both the networker and non-networker alike. It has the kind of timing that one can only dream of with the potential for an extremely long run.
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$150 - $950 per customer is a lucrative business, I may sell my soul to and start selling KB gold as well.. ;D
LOL. By some of your posts here, ...I would question if you even have a soul. lol. ;D
Also your user ID is 24KT..and inside your profile remains a link to KB gold...Me thinks you should pay Ron for advertising here, and ripping of his board members.
Everyone posts a link to their website. I don't even have a link to my main website here. How can you say I've been advertising, ...and how can you possibly say I'm ripping off board members?
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after looking through your posts jag, I think it's clear your intention is to yet again pimp your scams. There is a point with your name change, links and commentary about gold. Unfortunately you're being clever enough that I don't think there is anything we can do at the mod level here in political. People will have to pm Ron about it. Either he will be ok with it or not, I dunno.... You have a long history of pulling the same stuff and it seems you've become good at riding the line as close as you can without quite crossing it.
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after looking through your posts jag, I think it's clear your intention is to yet again pimp your scams. There is a point with your name change, links and commentary about gold. Unfortunately you're being clever enough that I don't think there is anything we can do at the mod level here in political. People will have to pm Ron about it. Either he will be ok with it or not, I dunno.... You have a long history of pulling the same stuff and it seems you've become good at riding the line as close as you can without quite crossing it.
Oh so now I'm the ONLY board member who has ever changed my name? ...Beserker.
I'm not the one who brought it up. And yes, I do post commentary about GOLD. It's an active interest of mine.
As I recall as Ben_fun got more interested in Ron Paul, he changed his username to reflect that, and he made more and more posts about Ron Paul didn't he?
Hugo, your bias is well evident. All I can say is get over it and get over yourself already. I'm really beginning to be embarrassed for you. And I'm not the only one. Based on some of the pm's I'm getting, you're really not doing yourself any favours.
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Oh so now I'm the ONLY board member who has ever changed my name? ...Beserker.
I'm not the one who brought it up. And yes, I do post commentary about GOLD. It's an active interest of mine.
As I recall as Ben_fun got more interested in Ron Paul, he changed his username to reflect that, and he made more and more posts about Ron Paul didn't he?
Hugo, your bias is well evident. All I can say is get over it and get over yourself already. I'm really beginning to be embarrassed for you. And I'm not the only one. Based on some of the pm's I'm getting, you're really not doing yourself any favours.
I don't give a rats ass if people change their name ::) Nice spin attempt! I didn't change my name for financial gain and neither did Benfun/RPF... You on the other hand have always had a name reflecting your scams....
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I don't give a rats ass if people change their name ::) Nice spin attempt! I didn't change my name for financial gain and neither did Benfun/RPF... You on the other hand have always had a name reflecting your scams....
great post from a good poster..
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Based on some of the pm's I'm getting, you're really not doing yourself any favours.
hahahahaha... sure... ok....
Even if it were true, I think people know by now I have never been one to worry about my reputation here. And it's probably not even true... Stop sending yourself PMs from your gimmick :D
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Besides, what is to say that the government can't take your Gold away from you like they did after the Great depression, at extremely low prices.
oohhh Im shaking in my boots. Better sell my gold now before it all goes to shit. Actually I should have sold it when someone on here was calling a peak in the price about oh, 1,2,3,400 dollars ago, but Im not as smart as those savvy investor folks. ::)
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oohhh Im shaking in my boots. Better sell all my gold now before they come get me. Actually I should have sold it when someone on here was calling a peak in the price about oh, 1,2,3,400 dollars ago, but Im not as smart as those savvy investor folks. ::)
Hi Jaguar.
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Hi Jaguar.
Don't worry, I know for sure Bindare is not Jag. He's his own opinion here and does have good opinions on a lot of stuff. I'm not an expert on this gold investing so I'll let you guys hash it out.
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Don't worry, I know for sure Bindare is not Jag. He's his own opinion here and does have good opinions on a lot of stuff. I'm not an expert on this gold investing so I'll let you guys hash it out.
It was a joke..It's a getbig joke that Mars started..I know that Bindare isn't a gimmick.
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Oh so now I'm the ONLY board member who has ever changed my name? ...Beserker.
I'm not the one who brought it up. And yes, I do post commentary about GOLD. It's an active interest of mine.
As I recall as Ben_fun got more interested in Ron Paul, he changed his username to reflect that, and he made more and more posts about Ron Paul didn't he?
Hugo, your bias is well evident. All I can say is get over it and get over yourself already. I'm really beginning to be embarrassed for you. And I'm not the only one. Based on some of the pm's I'm getting, you're really not doing yourself any favours.
Active interest? I can't remember you mentioning anything about gold until your name change. Funny how that works. You start a new scam business, change your name and then start singing all this doomsday shit about gold and how only you, not anyone who actually knows what they're talking about, has the answer. Typical fear-mongering bullshit preying on the helpless and uninformed.
There have been people throughout history who made a living doing that.
Here's a picture of one:
(http://www.urbana.org/blogs/images/leastofthese/image/snakeoil.jpg)
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Why is this shit even being discussed in this thread? You guys should just start a new thread to discuss this.
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Why is this shit even being discussed in this thread? You guys should just start a new thread to discuss this.
^
this
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Why is this shit even being discussed in this thread? You guys should just start a new thread to discuss this.
I'll probably spit it into it's own thread later.
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World Bank chief calls for new gold standard
By Chris Oliver, MarketWatch
(http://www.jaguarenterprises.net/images/Robert_Zoellick.jpg)
World Bank President Robert Zoellick speaks
at an event in Washington in October. / Reuters
HONG KONG (MarketWatch) –- The president of the World Bank said in a newspaper editorial Monday that the Group of 20 leading economies should consider adopting a global reserve currency based on gold as part of structural reforms to the world’s foreign-exchange regime.
World Bank chief Robert Zoellick said in an article in the Financial Times that leading economies should consider “employing gold as an international reference point of market expectations about inflation, deflation and future currency values.”
Zoellick made the proposal as part of reforms to be considered at this week’s G-20 meeting in Seoul.
“Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today,” said Zoellick.
He said such a reform would reflect economic realities and should be considered as a successor to the existing global currency paradigm known as “Bretton Woods II.”
Obama and the Taliban
U.S. President Obama offers an olive branch to Afghan militants who want to lay down arms and honor the country's constitution. Video courtesy of Reuters.
Bretton Woods II refers to the system which began in 1971, when U.S. President Nixon ended the dollar’s link to gold as established under the Bretton Woods agreement.
Zoellick said a return to some sort of currency link to gold would be “practical and feasible, not radical.”
“This new system is likely to need to involve the dollar, the euro, the yen, the pound and a renminbi that moves towards internationalization and then an open capital account,” he said.
Chris Oliver is MarketWatch's Asia bureau chief, based in Hong Kong.
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Neuro,
What effects do you think Robert Zoellick's call for a new gold standard will have on the stock markets?
What do you believe will happen to the values of 401K's as a result? The NYSE, The Nasdaq etc or any of the other markets?
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Ok, I split the topics, some of the posts were borderline, kinda hard to split so if I screwed up some posts let me know and I'll fix it.
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Active interest? I can't remember you mentioning anything about gold until your name change. Funny how that works.
Just because you never took note of it, doesn't mean it didn't occur.
I thought this was supposed to be a no trolling board?
I guess that only applies if the mod doesn't have a bone to pick with you... otherwise it's open season huh?
225 for 70, I hope you're happy.
As to why the rest of you allow yourselves to be manipulated like this is beyond me. (http://www.jaguarenterprises.net/images/em/shrug.gif)
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don't make me read through it all again, just post a link and I'll look at it.
It's just a few posts up
http://www.getbig.com/boards/index.php?topic=355128.msg5009933#msg5009933
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It's just a few posts up
http://www.getbig.com/boards/index.php?topic=355128.msg5009933#msg5009933
done.
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done.
Thank you
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Gold's going to 5k..However, you won't see anything close to 5k if you invest with her company..She has a list with 65 Analysts that recommend you buy gold..However, she has troubles explaining exactly how she profits from your investment..
Financial advisors/snake peddlers who aren't honest with their clients about how they get paid, should be avoided, and skinned thereafter.
I'd like to believe that she makes zero money off of KB gold, and does it for the "small investor."
However, this isn't the case
I can't believe I missed this earlier. Probably because I was off watching "The Event" and then "Chase" after it, but I never said I wouldn't earn income from KB. That's not what I said at all.
You asked me how much of your 10K or whatever the figure was, would I earn? I answered you truthfully. I wouldn't earn a dime of it. If you bought 10K worth of gold from KB, you would get 10K worth of gold, infact, you'd actually get 3% MORE gold than you paid for.
Any referral fees paid to me would not come out of your purchases.
Like I said, with the ability to mine, smelt and mint certified 999.9% pure 24KT kinebar monetary gold at a production cost of $433oz, and with a spot price of $1,400oz, they have a significant profit margin with which to pay referral fees, and/or customer acquisition bonuses. Currently, their customer acquisition bonus alone runs between $150 - $950 USD simply for referring a new customer.
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I can't believe I missed this earlier. Probably because I was off watching "The Event" and then "Chase" after it, but I never said I wouldn't earn income from KB. That's not what I said at all.
You asked me how much of your 10K or whatever the figure was, would I earn? I answered you truthfully. I wouldn't earn a dime of it. If you bought 10K worth of gold from KB, you would get 10K worth of gold, infact, you'd actually get 3% MORE gold than you paid for.
Any referral fees paid to me would not come out of your purchases.
Like I said, with the ability to mine, smelt and mint certified 999.9% pure 24KT kinebar monetary gold at a production cost of $433oz, and with a spot price of $1,400oz, they have a significant profit margin with which to pay referral fees, and/or customer acquisition bonuses. Currently, their customer acquisition bonus alone runs between $150 - $950 USD simply for referring a new customer.
Thanks for not answering the question..
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What happened to Mcaps and Financial independence?
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What happened to Mcaps and Financial independence?
Once one scam ends, its on to another.
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Jagsampson enterprises has zero clue how the financial markets Operate. This has become very apparent by your posts...By stating a (EFT) like the (GLD) is leveraged with futures contracts etc...The (GLD) if you haven't know is a extraordinary large fund that invests in bullion..I suggest your read more about that specific fund before you group all ETF's into the same group. The fund is a terrific investment for small and large investors alike, the fund is very inexpensive for investors. Its annual expense ratio is about .40% of assets, which is a very cheap and safe way for casual investors to get involved. Best of all, you can trade the fund for about 40 cents for a person with a Direct access broker. About 7-10 dollars with brokers such as TD Ameritarde. The fund is highly liquid...meaning investors don't have to pay big spreads getting in and out...Investors can also hedge against losses against their long positions with options and futures.
In contrast to people who buy gold from Kb gold, who have to adsorb about 30%+ difference in the bid/ask spread..
Jag-Sampson you may not get paid directly from Investor deposits..however, your making a very large fee..Meaning that money ultimately comes Indirectly from investors.
It's like a B, or C class mutual fund. Meaning investors get hit in essence with a load when they redeem shares.
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Just a note that there are Leveraged commodity ETf's currently available on the market..For example The pro-shares ultra ETF, symbol (UGL). However, please note that some of these leveraged index funds get twice the daily return of Gold....Meaning that if the price of gold goes up by 1 percent in a day. The fund will get about a 2% gain for that same day. However, these funds are meant only for day traders, As they reset everyday. You also have to worry about when contango on some investing in commodity etf's. The profunds ultra ETF uses Futures/Emini futures/swaps/options to acheive it's 200% daily return objective.
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What happened to Mcaps and Financial independence?
Good point OzmO! I love how MLM scammers such as 24KT/JaguarScams promise people that if they sign up, they will become wealthy, retire early and be financially independent. Yet, these scammers themselves are far from financial independence and survive on ripping off desperate, naive people.
Once one scam ends, its on to another.
Exactly! First it was gas caps, when gas in the US was around $4 a gallon for a while. Now gas prices are down, the economy is poor and gold prices are up. So she jumped into a new "buy gold from me" scam. It all depends on what it is that she believes people are desperate for at the moment. That's her target, naive, desperate people.
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Thanks for the link.. I translated it (pasted below for us all to read )
**** PLEASE note: I do not know the reputation or validity of this article publisher.
***article from link provided****** ie., UN-original content :P
Consumer conservationists criticize KB Precious Metal
Conservationists warn consumers with investments in gold to be cautious. In gold-saving plans, investors pay a huge even, is convinced of the Christian Prantner of Labor.
The company KB precious metals such as applying, according to Labor consumers with so-called savings plans in precious metals. The company is based in Munich Precious KB (KB) Capital & Business GmbH, and is in Lucerne (Lucerne KB Precious Metals Ltd.), where the payee Business GmbH in Munich. According to the agreement applies to Swiss law. The depot is placed where the customer bought gold in Switzerland for a supposedly reputable banking institution. Ratsuchende consumers reported in the conference on Labor, reports that the gold of the financial advisors are euphoric. Margin on sales or costs little is spoken. An analysis of records of KB precious metal shows through the PC-consumer protectors following weaknesses: Costs for gold as savers return Destroyer
Gold savers with a fixed rate contract should set up fee of 1,500 euros to pay (waived if Einmalanlagen) and have advertised for the "benefit", a special price of KB-three percent on the purchase price compared to a regular KB-get. However, these are preferred by a KB-gram gold bars, according to Labor was significantly higher than comparable market prices in Austria. Anyone who can send the gold to pay five percent of costs paid by the sum of (omitted from 3,000 euros). Moreover, two euros per month account maintenance fee payable (preparation and mailing of account statements are). Shipping, and accounting fees alone amount to 4.50 euros at a gold saver when, for example 50 euros each month submit to the side. "Set-up fee, shipping and account costs mount up, and real rate of return for small savers destroyer" says Prantner.
The risks of gold investments remain in the dark. "The gold price is subject to significant price volatility," warned Prantner. Among the advertised benefits of KB precious metals, however, lacks the decisive indication that the gold buying gold savers KB (about 35.89 euros per gram in 2.9.) Substantially more than they need to lie down on the redemption of gold by KB (26.63 euros per gram ) realize. In addition to the considerable cost savings until they have nearly 26-percent margin (or discount on the purchase price) by making gains over the holding period. "A gold savers who withdraws after a few years of the contract, for example due to demand for money, remains seated on the costs, if strong appreciation of gold, inevitably," criticized Prantner.
A further criticism of Labor: The terms are too meager. For example, missing from the purchase or contract, the value date for purchases and sales. "It is unclear when KB makes the gold transactions," said Prantner. There is also no custody agreement - the gold is, according to AK allegedly at the Swiss bank UBS.
***end of **
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26% margin ....proven scam
http://www.talkgold.com/forum/showthread.php?t=281211&page=1
Even the people on a forum of shady dealings scream scam..
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gold would have to go to break 2800 dollars an ounce, for the saplings who are buying gold from judy's firm to break even.
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Judy- "Like I said, with the ability to mine, smelt and mint certified 999.9% pure 24KT kinebar monetary gold at a production cost of $433oz, and with a spot price of $1,400oz, they have a significant profit margin with which to pay referral fees, and/or customer acquisition bonuses. Currently, their customer acquisition bonus alone runs between $150 - $950 USD simply for referring a new customer. "
I'm no gold investor, I'll say that up front. But I am a business man. If I own the mine and blah blah blah can produce gold at 999.9% pure at $433 an ounce and the market is $1400 an ounce, it makes no sense to sell it for less than the market price. That they are paying people money for customers to buy a product that has a market value of 3 times their cost already in place smells of scam. Am I missing something?
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Judy- "Like I said, with the ability to mine, smelt and mint certified 999.9% pure 24KT kinebar monetary gold at a production cost of $433oz, and with a spot price of $1,400oz, they have a significant profit margin with which to pay referral fees, and/or customer acquisition bonuses. Currently, their customer acquisition bonus alone runs between $150 - $950 USD simply for referring a new customer. "
I'm no gold investor, I'll say that up front. But I am a business man. If I own the mine and blah blah blah can produce gold at 999.9% pure at $433 an ounce and the market is $1400 an ounce, it makes no sense to sell it for less than the market price. That they are paying people money for customers to buy a product that has a market value of 3 times their cost already in place smells of scam. Am I missing something?
Yes!
Its called gullibility! You apparently were not born with that gene so as to fall into a scam like this. ha ha ha. lol.
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Judy- "Like I said, with the ability to mine, smelt and mint certified 999.9% pure 24KT kinebar monetary gold at a production cost of $433oz, and with a spot price of $1,400oz, they have a significant profit margin with which to pay referral fees, and/or customer acquisition bonuses. Currently, their customer acquisition bonus alone runs between $150 - $950 USD simply for referring a new customer. "
I'm no gold investor, I'll say that up front. But I am a business man. If I own the mine and blah blah blah can produce gold at 999.9% pure at $433 an ounce and the market is $1400 an ounce, it makes no sense to sell it for less than the market price. That they are paying people money for customers to buy a product that has a market value of 3 times their cost already in place smells of scam. Am I missing something?
Ouch, the reality of business rears its ugly but practical head.
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New Zillow Report Warns Of "Unprecedented Decline" In Home Values And No Stabilization In Q3
Business Insider ^ | 11/10/2010 | Gus Lubin
QE3? Already?!!!
(http://www.jaguarenterprises.net/images/FrightenedMouse.gif)
This is going to be brutal!
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QE3? Already?!!!
http://www.jaguarenterprises.net/images/FrightenedMouse.gif
This is going to be brutal!
The gold bubble is just as bad as he housing bubble.
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The gold bubble is just as bad as he housing bubble.
The problem I see with gold - is what to do with it. Sure its a great store of wealth and I agree 1000% that ist will be valuable in that sense.
But lets say SHTF big time - then what? Am I going to trade a bar of gold for a loaf of bread?
If it came to that, I would rather point my AK47 at the head of a guy and take his gold and his bread.
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QE3? Already?!!!
(http://www.jaguarenterprises.net/images/FrightenedMouse.gif)
This is going to be brutal!
That would be "Q3", as in "QUARTER 3", as in "the quarter of the year that just passed us. Reading comprehension isn't your strong suit, is it con artist?
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The problem I see with gold - is what to do with it. Sure its a great store of wealth and I agree 1000% that ist will be valuable in that sense.
But lets say SHTF big time - then what? Am I going to trade a bar of gold for a loaf of bread?
If it came to that, I would rather point my AK47 at the head of a guy and take his gold and his bread.
Stock pile Spam and Happy Meals. You can eat them and they never spoil.
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Stock pile Spam and Happy Meals. You can eat them and they never spoil.
I'm stockpiling McRibs right now =)
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I'm stockpiling McRibs right now =)
Gun Show this weekend in Westchester, plan on getting a few bricks of .223, 7.62, etc.
That is my reserve currency of last resort. My AK beats you gold coin bitch! ;D
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I'm stockpiling McRibs right now =)
I actually read about people doing this, buying a bunch of McRibs and freezing them, since they are available only for a limited time.
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I actually read about people doing this, buying a bunch of McRibs and freezing them, since they are available only for a limited time.
Ha ha ha - my how times have changed. ;D ;D
Maybe I should go to White Castles and Hell Bell and do the same with the fisdh nibblers and chulupas.
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The problem I see with gold - is what to do with it. Sure its a great store of wealth and I agree 1000% that ist will be valuable in that sense.
But lets say SHTF big time - then what? Am I going to trade a bar of gold for a loaf of bread?
That would depend on the size bar you have. That's why I believe small quantity bars provide the most practical & effective solution.
If it came to that, I would rather point my AK47 at the head of a guy and take his gold and his bread.
LOL! Sorry, I was forgetting what a "civilized" nation you live in. ::)
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The gold bubble is just as bad as he housing bubble.
All bubbles are bad. I just don't think we've got a gold bubble, ...not just yet.
As far as my precious metals are concerned, I'm looking at a 3:1 ration of silver:gold personally.
From what I hear this latest lawsuit against JP Morgan & HSBC might actually have some legs this time around
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All bubbles are bad. I just don't think we've got a gold bubble, ...not just yet.
As far as my precious metals are concerned, I'm looking at a 3:1 ration of silver:gold personally.
From what I hear this latest lawsuit against JP Morgan & HSBC might actually have some legs this time around
You just don't think? Who cares what you think or don't think? No offense, but what are your credentials and what qualifies you to say this isn't a gold bubble? You sound just like all those real estate agents shortly before 2007 about the housing market.
Of course, you don't want anyone to think that this is a gold bubble, because you want to them to buy gold from you.
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You just don't think? Who cares what you think or don't think? No offense, but what are your credentials and what qualifies you to say this isn't a gold bubble? You sound just like all those real estate agents shortly before 2007 about the housing market.
Of course, you don't want anyone to think that this is a gold bubble, because you want to them to buy gold from you.
I never claimed to have "credentials", just an opinion.
My opinion is based on common sense, as well as advise and information from those who do have credentials. I'm not telling people what to do. I'm only saying what I do. To you or others, I may very well sound like those real estate agents looking to push real estate during the bubble, except I don't sell gold or silver, ...I buy it.
If you want to search back to the first few posts in this thread, you will see I've always been bullish on commodities. I've never liked stocks, don't understand them, don't try to pick them, have always thought of them as nothing more than a crap shoot, ...but I have always been a believer in commodities... a category within which we find precious metals.
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Bump...for 24KT/JaguarScams' response to Agnostic007 and 225for70.
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Judy- "Like I said, with the ability to mine, smelt and mint certified 999.9% pure 24KT kinebar monetary gold at a production cost of $433oz, and with a spot price of $1,400oz, they have a significant profit margin with which to pay referral fees, and/or customer acquisition bonuses. Currently, their customer acquisition bonus alone runs between $150 - $950 USD simply for referring a new customer. "
I'm no gold investor, I'll say that up front. But I am a business man. If I own the mine and blah blah blah can produce gold at 999.9% pure at $433 an ounce and the market is $1400 an ounce, it makes no sense to sell it for less than the market price. That they are paying people money for customers to buy a product that has a market value of 3 times their cost already in place smells of scam. Am I missing something?
yes
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Judy- "Like I said, with the ability to mine, smelt and mint certified 999.9% pure 24KT kinebar monetary gold at a production cost of $433oz, and with a spot price of $1,400oz, they have a significant profit margin with which to pay referral fees, and/or customer acquisition bonuses. Currently, their customer acquisition bonus alone runs between $150 - $950 USD simply for referring a new customer. "
I'm no gold investor, I'll say that up front. But I am a business man. If I own the mine and blah blah blah can produce gold at 999.9% pure at $433 an ounce and the market is $1400 an ounce, it makes no sense to sell it for less than the market price. That they are paying people money for customers to buy a product that has a market value of 3 times their cost already in place smells of scam. Am I missing something?
yes
yes, it smells of scam. yes, it is a scam.
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yes
Lol
no smirky remark, ad-hom or one of those stupid smiley .gif's?
How fast was your heart racing when you were exposed then subsequently owned in to oblivion in this thread?
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Just because you never took note of it, doesn't mean it didn't occur.
I thought this was supposed to be a no trolling board?
I guess that only applies if the mod doesn't have a bone to pick with you... otherwise it's open season huh?
225 for 70, I hope you're happy.
As to why the rest of you allow yourselves to be manipulated like this is beyond me. (http://www.jaguarenterprises.net/images/em/shrug.gif)
I'll only be happy once the CFTC shuts this shop down, then my job here is truly done.. ;D
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Here's Why QE2 Could Threaten The Dollar's Status As The Global Reserve Currency
L. Randall Wray, Benzinga | Nov. 11, 2010, 9:30 PM | 290 | 7
L. Randall Wray is a professor of economics at the University of Missouri -- Kansas City.
On the eve of President Obama's arrival to the G20 talks in South Korea, a growing chorus of voices questions the direction of U.S. monetary policy.
http://www.nytimes.com/2010/11/10/business/global/10won.html?nl=todayshe...
http://www.nytimes.com/2010/11/10/opinion/10wed2.html?_r=1
Germany's finance minister, Wolfgang Schaeuble went so far as to scold Chairman Bernanke, saying “With all due respect, U.S. policy is clueless.”
www.huffingtonpost.com/2010/11/05/fed-bernanke_n_779393.html
Some critics (with justification) have argued that America is guilty of the "currency manipulation” policy for which it castigates China.
http://www.benzinga.com/life/politics/10/10/559447/shrinking-our-trade-%...
Others have argued that US policies are opening the door to a complete revision of the international monetary system that is based on the dollar.
http://www.nytimes.com/2010/11/11/business/global/11group.html?pagewante...
World Bank president Robert Zoellick appeared to even suggest a return to some sort of gold standard when he talked of “employing gold as an international reference point of market expectations about inflation, deflation and future currency values”.
http://www.nytimes.com/roomfordebate/2010/11/09/back-to-a-gold-standard/...
I already argued that QE2 is more of a slogan than a policy, and will not repeat those criticisms here.
http://www.newdeal20.org/2010/10/18/qe2-wont-save-our-sinking-ship-23653
In a new piece at New Deal 2.0 (coming today), I deal with the two most important issues and misunderstandings surrounding quantitative easing. The first concerns the consequences of injecting another $600 billion of excess reserves into the banking system. The second is associated with Fed attempts to lower long term interest rates through purchases of treasuries. In sum, I argue that QE2 will do no more good than QE1 did because banks already have massive excess reserves and because lower long term rates is not a solution to a situation in which home prices and the markets for goods and services must first turn around before banks will want to lend and households and firms will want to borrow.
Both of these issues are in turn connected to the belief that QE2 will devalue the dollar and threaten its status as the international reserve currency. That is the topic for this column.
With QE2, the Fed will buy $600 billion worth of longer term treasuries (and will “reinvest” another $300 billion of revenues from the previous QE1). The only plausible scenario in which this can prove useful is by “beggaring thy neighbor”. Bernanke has talked openly of his desire to raise inflation expectations, and that in combination with lowering interest rates could make America a less attractive investment option. If so, the dollar could depreciate, increasing US competitiveness in traded goods and services. This could boost exports and depress imports.
At the same time, international managed money would be looking for more attractive investments in strong currencies with higher interest rates—say, the BRICs (Brazil, Russia, India, China)—fueling appreciation of their currencies. In other words, QE2 would do for the US what Geithner claims Chinese currency policy is doing for China—cheapen our exports through a weak currency. No wonder the Chinese are outraged at Secretary Geithner's finger pointing and accusations of currency manipulation!
At the same time, many developing nations are also facing destabilizing capital inflows, and worry about a reprise of the Asian crisis of the late 1990s when the flows reversed and wrought havoc on their economies. That is why they are threatening to drop the dollar, reduce capital mobility, and move to some sort of fixed exchange rate based on gold or a new international currency.
China has long called for reformation of the international monetary system, preferring movement toward something like J.M. Keynes's “bancor”—an international currency delinked from any particular country and used for clearing accounts among nations. Meantime, China has moved toward bilateral agreements, using currencies of trading partners rather than going through the dollar. Others have talked about the creation of three or four trading blocks, each using one of the world's dominant currencies—a dollar area, a euro area, perhaps a pound sterling area, and a yen (or yuan; or won?) area. What I consider to be the nuttier proposals are those that would return to some sort of gold standard.
I do not have here the space to completely address all of these issues, but I will say that while much confusion surrounds the complaints thrown at the US, there is at least an element of truth in the claim that QE2 puts the burden of adjustment onto other nations. The critics are certainly right to argue that so far as domestic policy goes, QE2 does nothing to get the US out of its crisis, and it will work (for the US) only if it depresses the dollar and fuels US exports. But let us examine the arguments for international currency “reform.”
First, gold because that is the easiest. Some have argued that markets are already moving to gold as an alternative “monetary asset.” That is nonsense—gold is not a monetary asset, rather, it is a commodity (of some historical interest because of the two hundred or so year experience on-and-off the gold standard). Gold is currently enjoying a speculative boom (as are many other commodities—much as they did from 2004 to 2008, which was the biggest commodities price boom in human history). That is not too surprising—with the current depression it is hard to find any place to park managed money, and commodities markets are very small relative to the volume of money to invest (except oil and grain), so it does not take much movement into commodities to blow up their prices. Even on the gold standard, gold was never money. Rather, government pegged gold's price in terms of the domestic currency. It was always a very bad idea. Successful pegging means government has accumulated enough gold to maintain the peg. From the other side, it means government has got enough gold to fend off any speculative attack of those shorting the currency—betting the peg cannot be maintained. Think George Soros. We do not even need to revisit all the economic depressions of the 1800s as well as the 1930s Great Depression to come up with a good argument against tying a nation's fortunes to the value of gold. That is a subject for gold bugs, Austrians, and other (let us put it delicately) nut jobs.
So what about a “bancor” international currency? Fine. It requires an issuer. It requires international agreements on the conditions under which it is issued. It requires punishment of nations that violate agreements. That sounds like the euro. It is the euro. Who wants to be the next Greece? With no volunteers, let us move on.
The final possibility is division of the world into currency blocks. That is fine and indeed we are close to this already. The problem is that within a currency block, you have got the “regional” currency but between currency blocks you have got to choose the currency of denomination. For the near future, which will extend beyond a time that no one today can contemplate, it will be the dollar. For better or for worse, the dollar will remain the international reserve currency.
I do agree with critics that such a status implies responsibilities—responsibilities that the US has not been living up to. The rest of world needs dollars, especially in a crisis. It obtains those dollars by exporting to the US, and by attracting capital flows. But the US is mired in a deep recession, and it shows no signs of willingness to deal with the financial crisis that makes it impossible for the economy to recover. That is not the behavior that one must expect of the issuer of the international currency. Debasing the currency through policy designed to encourage capital flight or inflation is not appropriate to maintaining the dollar's status. Critics are right to castigate Washington for short-sighted policy.
http://www.benzinga.com/life/politics/10/10/559447/shrinking-our-trade-%...
The best thing that can be done, both for the US as issuer of the dollar and for the rest of the world users of the dollar, is to promote economic recovery in the US. This is not a matter of “affordability”. The US government can “afford” anything for sale in terms of dollars. It is a matter of political will. Can the US overthrow the silly pronouncements of deficit hawks, including today's statements by the “Fiscal Responsibility” commission, (http://www.fiscalcommission.gov/) to formulate a fiscal stimulus package that will put the US on the road to recovery? If so, the dollar's problems will disappear. If not, run to gold.
Finally, maintaining the dollar's international appeal also requires imposition of the rule of law in the US. Currently, the fraud perpetrated by the biggest banks is far worse than anything the Russian kleptocrats and mafia combined could possibly imagine. The US is in the grips of the worst scandals in world history, with the financial sector no longer constrained by anything that would be recognizable as lawful practice. And that is the biggest threat to the dollar as international reserve currency. Unless the top banks are closed, with their management jailed, there really is no hope for the US dollar or for its economy.
L. Randall Wray is a Professor of Economics, University of Missouri—Kansas City. A student of Hyman Minsky, his research focuses on monetary and fiscal policy as well as unemployment and job creation. He writes a weekly column for Benzinga every Tuesday.
He also blogs at New Economic Perspectives, and is a BrainTruster at New Deal 2.0. He is a senior scholar at the Levy Economics Institute, and has been a visiting professor at the University of Rome (La Sapienza), UNAM (Mexico City), University of Paris (South), and the University of Bologna (Italy).
Tags: Benzinga, Quantitative Easing, Currency | Get Alerts for these topics »
Read more: http://www.businessinsider.com/heres-why-qe2-could-threaten-dollars-status-as-global-reserve-currency-2010-11#ixzz152agFNIe
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How do I report a scam in Canada? Nigeria is a lost cause, I know.
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I never claimed to have "credentials", just an opinion.
My opinion is based on common sense, as well as advise and information from those who do have credentials. I'm not telling people what to do. I'm only saying what I do. To you or others, I may very well sound like those real estate agents looking to push real estate during the bubble, except I don't sell gold or silver, ...I buy it.
You buy gold and silver from whom? From your own shady company, and you want gullible people to buy gold and silver from your shady company too.
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How do I report a scam in Canada? Nigeria is a lost cause, I know.
;D
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yes
Can you elaborate on your answer to my question
"I'm no gold investor, I'll say that up front. But I am a business man. If I own the mine and blah blah blah can produce gold at 999.9% pure at $433 an ounce and the market is $1400 an ounce, it makes no sense to sell it for less than the market price. That they are paying people money for customers to buy a product that has a market value of 3 times their cost already in place smells of scam. Am I missing something? "
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I'd like to see gold drop below 1300 before the next climb up.
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I'd like to see gold drop below 1300 before the next climb up.
Me too. possibly even more. :)
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Can you elaborate on your answer to my question
"I'm no gold investor, I'll say that up front. But I am a business man. If I own the mine and blah blah blah can produce gold at 999.9% pure at $433 an ounce and the market is $1400 an ounce, it makes no sense to sell it for less than the market price. That they are paying people money for customers to buy a product that has a market value of 3 times their cost already in place smells of scam. Am I missing something? "
Hi Agnostic
Yes, I believe you are missing something. In network marketing, people are paid to spread the word. They could take that hefty profit margin and do traditional forms of advertising, however, they would be expending money prior to a single sale taking place. By using a referral based model, they only spend money AFTER a sale has taken place. Their products are sold at very competitive market prices, and they employ a preferred customer program providing customers with 3% MORE gold than they paid for, as well as the lowest spread on buyback, as a retention strategy. Afterall, there is nothing unique about 999.9% 24kt gold, other than the fact that it is kinebar and mined in an ecologically friendly way, and a customer can buy gold anywhere.
While many may be environmentally conscious, in this day and age, I don't think that is enough for most. When you want gold, you want it, and if the source pollutes the environment, ...then so be it. (I think that's how alot of people think)
But getting back to your question of why use a referral network when they have such a hefty profit margin? Please see http://www.getbig.com/boards/index.php?topic=264882.msg3726050#msg3726050