Gold Barron

Recycling U.S. Coins into Silver

Michael,

You asked about content of Jefferson nickels....Nickels do not contain any silver (except 1942-1946 - they contain 35% silver) they contain 75% copper and 25% nickel. As of tonight, the actual metal value of a Jefferson nickel is 4.79 cents. Early in 2008, a nickel was worth 8 cents.

Any US penny struck before 1983 is 90% copper. As of today a penny contains almost 2 cents worth of copper. In 2008 when copper peaked a penny was worth over 3 cents.

In 2008, the government passed a law that made it illegal to melt down pennies and nickels because some guys doing just that. They figured if they went to the bank and withdrew $1000 worth of pennies, they could melt it down and sell it for well over a $1000.

Here is a good site that gives actual metal value of each US coin.

coinflation.com

Enjoy! :)

Recycling U.S. Coins into Silver

Just wanted to let you know that every nickel is still made of nickel and copper. So you might want to save your nickels because their metal content is almost equal to their value and will most certainly appreciate over time.

Roubini Hates Gold: Is He Wrong Again?

I wonder what the inevitable military action against Iran by Israel will do to oil prices? The writing is on the wall....and it says BUY GOLD!!

Could China Propel Gold to $2,000?

Sorry...I mean OIL did go to $150 a barrel.

Could China Propel Gold to $2,000?

I dont understand why people consider gold going to $2000 an ounce to be so unlikely or ridiculous.

Platinum skyrocketed well above $2000 an ounce last year.

When Clinton was President, Oil was about $25 a barrel and I am sure if you told somebody back then that Oil would sell for $150 a barrel they probably would have laughed at you. But gold did go to $150 per barrel.

As another poster wrote earlier, there is only about 1.5 ounces of gold per person on the planet. What is the average cash worth in dollars of each individual on the planet?

Look Who's Betting on Inflation

I am betting on gold too!

Precious Metals: Breakout, Fakeout or Shakeout?

If you are thinking that the numbers we are being given justare not adding up then you should buy gold and silver and hold for long term. They will both outperform any other investment over the next 20 years.

If you trust your government(s), then by all means sell your gold and buy real estate or invest your hard earned dollars in the stock market.

Good luck!

Back to Gold?

The spot prices of gold and silver are going to soar eventually. Be sure to hold the physical metals because the paper contracts are worthless.

Do you believe what the US government is telling us? I don't.

Hong Kong Recalls Gold Reserves: Why No News Coverage?

Keer eh Khar,

Would you store any of your gold in a safety deposit vault of a bank that was on the brink of failure? Probably not!

You would probably decide to store the gold in your house instead.

Hong Kong Recalls Gold Reserves: Why No News Coverage?

one eye,

You obviously did not read the article. I am not sure how to respond to your comment as the article I linked to does not discuss anything about fuel hedging or airlines. Try reading the article again and make an effort to comprehend what the author is trying to tell you.

Thanks

Back to Gold?

I believe the answer to the recent increase in the price of silver and gold can be attributed to what is written in the following article by Ted Butler. Any serious gold or silver trader should read the following article. Amazing article!

news.silverseek.com/Te...

Hong Kong Recalls Gold Reserves: Why No News Coverage?

I believe the answer to the recent increase in the price of silver and gold can be attributed to what is written in the following article by Ted Butler. Any serious gold or silver trader should read the following article.

news.silverseek.com/Te...

7 Myths About Gold Debunked: Bubble Warning; $600 Target?

If gold goes to $600/oz, then I will go ALL IN!!!

Fool's Gold (Part 2)

Mr. Stathis,

You said

"Wealth for the ages? As data shows, gold does not hold up anywhere close to inflation. Long-term holders of a gold face significant reduction in their principal. I have shown that conclusively. I showed it for 1980-1998. I even showed it over the past two years. Use any chart you want. The result will be the same."


Let me correct you by saying that in 1975 one ounce of gold averaged about $160/ounce. $160 adjusted for inflation to 2009 is $635. Looks like gold beat inflation in this scenario.

Groundbreaking WSJ Story on Gold

I own physical gold and I think it is a pretty good hedge against inflation or in uncertain economic times.

My only concern with owning physical gold is how I will sell it when the time comes that I need to or have to. I have never tried to sell physical gold, but something tells me that when the time comes for me to sell it that I will end up getting some small percentage less than the going spot price. 10% less maybe?

I am fortunate enough to have bought my physical gold at around $450/oz a few years ago, but at the current spot price physical gold carries a pretty high premium to purchase and a high penalty to sell. I am going to roughly speculate that the spot price would have to go up 15% just to break even on a buy/sell transaction of whatever your purchase price of physical gold was just to break even.

If the US dollar crashes, then thats a whole different matter, but what if the US dollar does not crash? There were alot of people in the 70's predicting the same thing about the dollar that they are saying now.

I am just playing the devils advocate so you gold bugs please dont get your panties in a wad.

And if anyone is that confident about the price of gold going higher, then I would be happy to sell my gold eagles right now for 15% over spot. :-)