xsuddensam

Gold In Backwardation? Not So Fast ..

Last week, Peter Schiff predicted "the dollar will fall like a stone" and there will be $1,200 gold in 2009. He was correct in 2006 predicting the housing meltdown and $1,000 gold in 2008. The guy's got a pretty good track record.

Has Gold Become Correlated to the Stock Market?

Peter Schiff, who made the early call back in 2006 that there would be a housing meltdown and who correctly called $1,000 gold, predicted last week "the dollar is going to drop like a stone" and gold will hit $2,000 next year.

This guy has been so right on the money in his predictions that it's scary.
Take it for what it's worth. Check out his site:

www.europac.net/

Has Gold Become Correlated to the Stock Market?

It's no coincidence that the price of gold and silver are unreasonably low while the dollar has suspiciously run up.

Is Hyperinflation on the Horizon?

If one believes that hyperinflation is a done deal, gold and silver are the obvious play. What else is there?

Jeffrey Christian: Gold and Silver Could Spike

The dollar is way over bought and gold & silver are way over sold. Look for problems in delivery in December futures. The shorts could be in big trouble.

Reality Dawning - for Gold

ErichH says:

......"they " will first freeze the super low spot price, 'round up' all the private gold.....


How do " they " freeze the spot price of gold and how will they round it up?

Who is " they "?

Sounds like some kind of conspiracy.

Ignore the Hype - Gold as Currency is Dead

Right on Bearfund!

Chris B has little or no metallurgical knowledge. I have refinery experience in both gold and silver. The basic technology may be available, but to take forgery to a high level of production and sophistication would be eonomically impossible. To even have a chance of passing forgeries, unlike Chris B's 50% "gold" coins, the amount "cheated' would have to be extremely small and the
quality of the coin strikes would have to be extremly good if not perfect.

His "warnings and advice" are based on conjecture and on paranoid speculation with absolutely no scientific support. Furthermore, he fails to give us any examples of any kind.

As I previously stated, at the turn of the century, many rare date U.S. gold coins were forged in Lebanon. But they were made of gold. The forgers couldn't get the "copperish color" right and they are easily detected by experts and collectors alike.

No one in their right mind should purchase anything of value without confirmation of the seller's reputation and warranty.

Ignore the Hype - Gold as Currency is Dead

Hey, Chris B:

Your warnings about buying gold coin forgeries are really stupid since you can't tell us where these coins have shown up nor can you give us any specifications. Please give us some facts or examples instead of your paranoid theories.

Ten Reasons Why Gold Isn't Above $1,000

Who cares if gold goes down to $500 or goes up to $2,000? Only traders care. Those of us who have been slowly accumulating gold and silver over many years couldn't care less about the price.

Charts of the Day: Gold, and Baltic Dry Index

Chris B:

I can see that I have wasted my time talking with an idiot.

Charts of the Day: Gold, and Baltic Dry Index

Chris B says:

"I have a neat magic trick then. I can make a gallon of sand and oil exactly equal the weight of a gallon of water ".

Yeah, big deal. That's not magic. Make your mixture of oil and sand look and taste like water and that's magic.

Since you are such an expert on counterfeit bullion coins, can you tell us where these coins have turned up? Maybe you could supply us with some photos so we could see the quality of the strikes. Can you supply the actual dimensions and weights of these coins so we can compare them to authentic coins?

Back at the turn of the century, rare U.S. gold coins were counterfeited in Lebanon and the quality was quite good and passable; however, unlike your theory, these counterfeits were made of real gold. The giveaway was the color of the gold. The counterfeiters just couldn't get the copperish hue right; these coins were just too yellow.

So, please edify us with something more than your theory of mixing carbon, lead and gold to make fake bullion coins. At the very least, gives us your formula and show us one of your fakes.

Charts of the Day: Gold, and Baltic Dry Index

Chris B:

Sorry, but you don't know what you're talking about. Gold is an element with its own unique atomic weight and if you create an alloy or sandwich other metals in between, the correct size and weight will not be consistant with the standard. Buying gold at a swap meet, garage sale, from newspaper classifieds or even on Ebay can be risky. Buying from reputable dealers and bullion banks is safe.

To put it into perspective, I know many smart people holding gold and silver and not one has ever been sold a fake. It's like anything else, if you buy from the wrong party, you're going to get burned; and if the deal sounds to good to be true, you'd be a fool to buy.

So quit trying to scare people with your stupid paranoia.

Charts of the Day: Gold, and Baltic Dry Index

Gee, Chris B.

I guess I'll just machine some molds, go to my local smelter, melt down my gold bullion and make some fake coins to pawn off on some honest people. You remind me of the sub-slime criminals that re-package toxic mortgages and misrepresent them as triple A securities.

Anyone who takes advise from this poster should have his head examined.

Charts of the Day: Gold, and Baltic Dry Index

Mr. Joshua:

The answer to your question is manipulation by the big players--Comex, the bullion banks, hedge funds, central banks and investment bankers--who can drive the "free market" up or down to suit their ends. At times, some have been suspected of collusion. Little metal is actually exchanged. These are mostly paper transactions and prices have little to do with intrinsic value.

This and currency manipulation, in the face of a deteriorating U.S. economy, are artificially driving up the dollar and driving down precious metals. Take heart though; while the crooks maybe sucessful in the short run, they will eventually fail. Keep buying the metals when you can.

I would suggest you read James Conrad's articles on Seeking Alpha.

Gold, Silver and Deflation

adan lerma,

You are absolutely correct! To understand gold and silver, one has to look at the time frame. It seems that the natural human perspective is a short one; that is, we want instant gratification and if we don't get it, that in which we are looking can't be of value. Patience is a virtue and it can be profitable.