Gold Barron's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/263703/comments http://seekingalpha.com/article/169982-recycling-u-s-coins-into-silver?source=feed#comment-736618 736618
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! :)]]> Fri, 30 Oct 2009 02:35:18 -0400
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! :)]]> http://seekingalpha.com/article/169982-recycling-u-s-coins-into-silver?source=feed#comment-736246 736246 Thu, 29 Oct 2009 19:12:16 -0400 http://seekingalpha.com/article/168632-roubini-hates-gold-is-he-wrong-again?source=feed#comment-729743 729743 Sun, 25 Oct 2009 17:52:23 -0400 http://seekingalpha.com/article/161540-could-china-propel-gold-to-2-000?source=feed#comment-678448 678448 Tue, 15 Sep 2009 20:48:32 -0400 http://seekingalpha.com/article/161540-could-china-propel-gold-to-2-000?source=feed#comment-678446 678446
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?




]]> Tue, 15 Sep 2009 20:46:46 -0400
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?




]]> http://seekingalpha.com/article/161241-look-who-s-betting-on-inflation?source=feed#comment-674112 674112 Sun, 13 Sep 2009 04:54:37 -0400 http://seekingalpha.com/article/160144-precious-metals-breakout-fakeout-or-shakeout?source=feed#comment-664682 664682
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!]]> Sun, 06 Sep 2009 21:19:06 -0400
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!]]> http://seekingalpha.com/article/160046-back-to-gold?source=feed#comment-664677 664677
Do you believe what the US government is telling us? I don't.]]> Sun, 06 Sep 2009 21:09:00 -0400
Do you believe what the US government is telling us? I don't.]]> http://seekingalpha.com/article/159998-hong-kong-recalls-gold-reserves-why-no-news-coverage?source=feed#comment-662843 662843
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.
]]> Sat, 05 Sep 2009 04:34:25 -0400
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.
]]> http://seekingalpha.com/article/159998-hong-kong-recalls-gold-reserves-why-no-news-coverage?source=feed#comment-662842 662842
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]]> Sat, 05 Sep 2009 04:26:08 -0400
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]]> http://seekingalpha.com/article/160046-back-to-gold?source=feed#comment-662774 662774
news.silverseek.com/Te...]]> Sat, 05 Sep 2009 00:02:18 -0400
news.silverseek.com/Te...]]> http://seekingalpha.com/article/159998-hong-kong-recalls-gold-reserves-why-no-news-coverage?source=feed#comment-662772 662772
news.silverseek.com/Te...]]> Sat, 05 Sep 2009 00:00:20 -0400
news.silverseek.com/Te...]]> http://seekingalpha.com/article/149850-7-myths-about-gold-debunked-bubble-warning-600-target?source=feed#comment-595182 595182 Mon, 20 Jul 2009 12:06:57 -0400 http://seekingalpha.com/article/148111-fool-s-gold-part-2?source=feed#comment-582862 582862
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.
]]> Fri, 10 Jul 2009 18:49:54 -0400
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.
]]> http://seekingalpha.com/article/147952-groundbreaking-wsj-story-on-gold?source=feed#comment-581734 581734
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. :-)

]]> Fri, 10 Jul 2009 02:19:44 -0400
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. :-)

]]> http://seekingalpha.com/article/147614-how-long-can-the-u-s-dollar-defy-the-law-of-gravity?source=feed#comment-579994 579994
Also, if you were to buy exactly the same products in 2008 and 1970,
they would cost you $1,000,000 and $178,672 respectively.

Get the picture?
]]> Thu, 09 Jul 2009 01:05:22 -0400
Also, if you were to buy exactly the same products in 2008 and 1970,
they would cost you $1,000,000 and $178,672 respectively.

Get the picture?
]]> http://seekingalpha.com/article/145849-book-review-what-has-government-done-to-our-money-and-the-case-for-a-100-percent-gold-dollar?source=feed#comment-572898 572898

Chuck replied, 'Well, then just give me my money back.'The farmer said, 'Can't do that. I went and spent it already.' Chuck said, 'Ok, then, just bring me the dead horse.'


The farmer asked, 'What ya gonna do with him? Chuck said, 'I'm going to raffle him off.' The farmer said, 'You can't raffle off a dead horse!' Chuck said, 'Sure I can, Watch me. I just won't tell any body he's dead.'


A month later, the farmer met up with Chuck and asked, 'What happened with that dead horse?' Chuck said, 'I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $898.' The farmer said, 'Didn't anyone complain?' Chuck said, 'Just the guy who won. So I gave him his two dollars back.'

Chuck grew up and works now for the government. He was the one who figured out how to 'bail us out'. ]]> Fri, 03 Jul 2009 05:35:20 -0400

Chuck replied, 'Well, then just give me my money back.'The farmer said, 'Can't do that. I went and spent it already.' Chuck said, 'Ok, then, just bring me the dead horse.'


The farmer asked, 'What ya gonna do with him? Chuck said, 'I'm going to raffle him off.' The farmer said, 'You can't raffle off a dead horse!' Chuck said, 'Sure I can, Watch me. I just won't tell any body he's dead.'


A month later, the farmer met up with Chuck and asked, 'What happened with that dead horse?' Chuck said, 'I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $898.' The farmer said, 'Didn't anyone complain?' Chuck said, 'Just the guy who won. So I gave him his two dollars back.'

Chuck grew up and works now for the government. He was the one who figured out how to 'bail us out'. ]]> http://seekingalpha.com/article/145122-gold-downgraded-to-underweight-national-bank-financial?source=feed#comment-561282 561282 Wed, 24 Jun 2009 20:30:57 -0400 http://seekingalpha.com/article/144347-9-cures-for-gold-fever?source=feed#comment-556421 556421
Gold will not buy happiness but it will pay for alot of grief.]]> Sun, 21 Jun 2009 15:36:42 -0400
Gold will not buy happiness but it will pay for alot of grief.]]> http://seekingalpha.com/article/143335-why-i-m-selling-gold?source=feed#comment-548298 548298
Physical gold and silver are pretty much the only hard asset investments I feel comfortable buying right now. I dont even really care what the price of gold or silver is, I just want to insure and preserve my wealth.

Gold will not solve your problems, but it will pay for alot of grief.
]]> Tue, 16 Jun 2009 03:05:36 -0400
Physical gold and silver are pretty much the only hard asset investments I feel comfortable buying right now. I dont even really care what the price of gold or silver is, I just want to insure and preserve my wealth.

Gold will not solve your problems, but it will pay for alot of grief.
]]> http://seekingalpha.com/article/143107-even-insurance-companies-are-buying-gold?source=feed#comment-546652 546652 Mon, 15 Jun 2009 03:04:23 -0400 http://seekingalpha.com/article/139696-rising-silver-four-ways-to-play?source=feed#comment-518909 518909
Be advised! The 1000 ounce silver bars may be difficult to sell quickly if you needed to because some dealers are wary about them. There is no way of knowing if they are pure silver unless you cut them in half.
]]> Tue, 26 May 2009 21:04:42 -0400
Be advised! The 1000 ounce silver bars may be difficult to sell quickly if you needed to because some dealers are wary about them. There is no way of knowing if they are pure silver unless you cut them in half.
]]> http://seekingalpha.com/article/139549-finally-another-addition-to-gold-etf-inventory?source=feed#comment-517753 517753
Thats what all the Swine Flu and Nuclear war threats are all about lately. The US governent and FED are doing a propaganda dance and balancing act. It's actually quite brilliant when you really think about it.

Just buy some physical gold/silver (15-25% portfolio) and keep the rest in fixed US dollar assets and wait 6 months. Better investment opportunities are coming. Dont panic, the world is not going to end anytime soon.



]]> Tue, 26 May 2009 09:20:35 -0400
Thats what all the Swine Flu and Nuclear war threats are all about lately. The US governent and FED are doing a propaganda dance and balancing act. It's actually quite brilliant when you really think about it.

Just buy some physical gold/silver (15-25% portfolio) and keep the rest in fixed US dollar assets and wait 6 months. Better investment opportunities are coming. Dont panic, the world is not going to end anytime soon.



]]> http://seekingalpha.com/article/139508-step-back-and-take-a-big-picture-look-at-the-u-s-dollar?source=feed#comment-517733 517733
You bashed my comment in another article for suggesting investors be cautious about investing in Gold miner stocks because the stock matrket is manipulated and now your bashing the author for recommending precious metals investments due to dollar debasement?

What do you recommend people invest their money in?
]]> Tue, 26 May 2009 09:06:05 -0400
You bashed my comment in another article for suggesting investors be cautious about investing in Gold miner stocks because the stock matrket is manipulated and now your bashing the author for recommending precious metals investments due to dollar debasement?

What do you recommend people invest their money in?
]]> http://seekingalpha.com/article/139495-gold-stocks-look-cheap-bmo?source=feed#comment-517708 517708
Your missed my point completely. I too am bullish on Gold. Read my comment...I am referring to the price of gold miner stocks..not the price of gold. Buying physical gold bullion is a better investment in my opinion. The gold miners carry far more downside risk because many of them are heavily in debt and are poorly managed.

I think Gold will touch $1200 range sometime in 2010. But I am fair minded enough to not be investing all of my hard earned money in precious metals, stockpiling ammunition, and forecasting total collapse of the dollar like you and your fanatical gold buddies.

And yes, I consider it to be market manipulation when the US government is investing US citizens tax dollars in the stock market.



]]> Tue, 26 May 2009 08:49:53 -0400
Your missed my point completely. I too am bullish on Gold. Read my comment...I am referring to the price of gold miner stocks..not the price of gold. Buying physical gold bullion is a better investment in my opinion. The gold miners carry far more downside risk because many of them are heavily in debt and are poorly managed.

I think Gold will touch $1200 range sometime in 2010. But I am fair minded enough to not be investing all of my hard earned money in precious metals, stockpiling ammunition, and forecasting total collapse of the dollar like you and your fanatical gold buddies.

And yes, I consider it to be market manipulation when the US government is investing US citizens tax dollars in the stock market.



]]> http://seekingalpha.com/article/139495-gold-stocks-look-cheap-bmo?source=feed#comment-517496 517496
There is so much stock market manipulation going on by the elite class and the corruption of politicians is absolutely sickening. The average investor can not and should not trust the American stock market regardless of what the talking heads say on CNBC or what "Analysts" pumping stocks for their own personal gain say!]]> Tue, 26 May 2009 02:53:10 -0400
There is so much stock market manipulation going on by the elite class and the corruption of politicians is absolutely sickening. The average investor can not and should not trust the American stock market regardless of what the talking heads say on CNBC or what "Analysts" pumping stocks for their own personal gain say!]]> http://seekingalpha.com/article/139346-why-we-have-to-keep-china-happy?source=feed#comment-517438 517438 Tue, 26 May 2009 00:54:56 -0400 http://seekingalpha.com/article/139440-as-the-dollar-continues-to-collapse-where-will-you-put-your-money?source=feed#comment-517432 517432
I think a modest allocation of your portfolio in physical gold and silver of say 15% minimum and 25% maximum is a good strategy. Keep the rest in cash and wait and see what happens in the next six months. Too much uncertainty right now in the markets and government decisions. The manipulation of every market thinkable is rampant. The politicians are totally corrupted by greed and power.

This whole country, from the politicians to the American sheeple themselves, has become a complete disaster.

Good luck to all!



]]> Tue, 26 May 2009 00:46:50 -0400
I think a modest allocation of your portfolio in physical gold and silver of say 15% minimum and 25% maximum is a good strategy. Keep the rest in cash and wait and see what happens in the next six months. Too much uncertainty right now in the markets and government decisions. The manipulation of every market thinkable is rampant. The politicians are totally corrupted by greed and power.

This whole country, from the politicians to the American sheeple themselves, has become a complete disaster.

Good luck to all!



]]> http://seekingalpha.com/article/139449-could-ownership-of-companies-like-silver-wheaton-be-outlawed?source=feed#comment-517422 517422 Tue, 26 May 2009 00:30:15 -0400 http://seekingalpha.com/article/139160-bankunited-expires?source=feed#comment-515692 515692 Sat, 23 May 2009 18:57:50 -0400