Gold: Stabilization Points to a Buying Opportunity [View article]
I have been living in a gold environment since 1973...when one had to know the geology of South Africa and mine life and depth..etc.
It is much harder, physiologically, to buy back in than it is to maintain a position. In short, I loose much more trying to time entry than staying in for the longer term. I sleep well at night, too.
I spent half of my PM mad money Fri., saving some in case Gold goes lower...If not, I'll buy on the next dip. I am heavily in GDX, GBG, SLW, and GLD. ( a few others that are long shots) I am along for the ride.
I see GBG as one of the most promising in the line up of the many small developers that are on the pre-production cusp. I have owned it for a couple years and cried the tears, but can see no reason to sell. It would have been a great trade vehicle but I missed the timing so I held. I say buy now or on the dips. It has a payday in the near future.
Paulson Makes His Biggest Bet on Gold, Inflation Yet [View article]
I think Paulson is betting more on the madness (or delusion) of crowds, and his fund fees (1-1/2 plus 20%)....but then, aren't we all?
I think one should hold gold and silver in coin form to the extent of emotional capacity (It will be a rough ride to the summit). And look to miners and derivative ETFs, ETNs for trades. Repeat, this is not gonna be a walk through the park. One must take profits and invest in land and agriculture (food) when possible. Look for chances to enter Alternative Energy and Water with PM profits down the line.
I am very much bullish on PMs....love to feel the coins in my hands.
Viet Nam, Malaysia, India, China, all buy gold jewelry in 24K form measured in Tael Weight. It is crude casting or stamped. There is no artistic premium and it sells near spot price, in or out. It is common to pinch or clip bits of the bracelet, bangle or ring and sell or trade with it....it is a 4,000 year old form of money in use today as always.
New York, London, Paris, Rome (western world): In contrast, no one is buying 18K, 14K, artistic gold creations at tremendous premiums, 10 times or more than spot.
And don't look now, but the Asian communities in USA and Europe are practicing that same gold business as mentioned above...go to an Asian shopping center and look in the jewelry stores or ask for Tael and you will be amazed at the display of artless 24K bangles made for chopping.
Viet Nam, Malaysia, India, China, all buy gold jewelry in 24 K form measured in Tael Weight. It is crude casting or stamped. There is no artistic premium and it sells near spot price, in or out. It is common to pinch or clip bits of the bracelet, bangle or ring and sell or trade with it....it is a 4,000 year old form of money in use today as always.
New York, London, Paris, Rome (western world): In contrast, no one is buying artistic gold creations at tremendous premiums, 10 times or more than spot.
And don't look now, but the Asian communities in USA and Europe are practicing that same gold business as mentioned above...go to an Asian shopping center and look in the jewelry stores or ask for Tael and you will be amazed at the display of artless 24K bangles made for chopping.
Sounds like you been huffing a litle of that Maui-Whowee, Steve-0.
"Ok, I am going to do a little victory lap here.....<br><... Swans do not drift in, they are delivered by a cruise missile in the middle of the night, holidays, or on the weekend.<br><...
Another Crisis Looms Right Around the Corner [View article]
Normally, in times such as these the peasants take up pitchforks and hoe handles to storm the Bastille; however, the peasants can't read or listen to anything other than ear-plug music and reality TV...oh well.
What will happen when cable is priced out of reach to the dirty masses, music and game software become to rich for the peons; will they attack with their super-sized drink cups in hand..... They will die in the streets of worse than rubber bullets, water canon sweeps and inconceivable ignorance.
Louis James on 'Best of the Best' Metal Miners [View article]
to mb kelly:
Apparently you and I have some experience around this arena. I wasn't particularly aiming at your comment, just trying to spread a note of caution. And, make note of the fact that I don't like Casey and his crew...however, I do read some of the posts there. I would love to find a rock with some gold in it or a nugget even...I even dream of buying a metal detector and looking for Centenarios down in Mexico (where I live).
On Nov 18 09:00 PM mbkelly75 wrote:
> I do not harvest opinions from anywhere. That is what Due Diligence > is for - double and triple checking what someone has said. I do not > pay Casey or anyone else for their thoughts, but I listen and learn > from a great many people. I was not kidding about having experience > as a prospector. I do have some knowledge of what I talk about.<br/>
The economics of today call for a complete cleansing of our (USA) government....vote no to incumbents, period.
Normally, in times such as these the peasants take up pitchforks and hoe handles to storm the Bastille; however, the peasants can't read or listen to anything other than ear-plug music and reality TV...oh well.
What will happen when cable is priced out of reach to the dirty masses, music and game software become too rich for the peons; will they attack with their super-sized drink cups in hand..... They will die in the streets of worse than rubber bullets, water canon sweeps and inconceivable ignorance.
Gold: Stabilization Points to a Buying Opportunity [View article]
It is much harder, physiologically, to buy back in than it is to maintain a position. In short, I loose much more trying to time entry than staying in for the longer term. I sleep well at night, too.
What Does Bloomberg Have Against Gold? [View article]
No!
Gold Gets Hammered on Jobs Data [View article]
Great Basin Revisited [View article]
Paulson Makes His Biggest Bet on Gold, Inflation Yet [View article]
I think one should hold gold and silver in coin form to the extent of emotional capacity (It will be a rough ride to the summit). And look to miners and derivative ETFs, ETNs for trades. Repeat, this is not gonna be a walk through the park. One must take profits and invest in land and agriculture (food) when possible. Look for chances to enter Alternative Energy and Water with PM profits down the line.
I am very much bullish on PMs....love to feel the coins in my hands.
Gold, Oil Majors Revisited [View article]
New York, London, Paris, Rome (western world): In contrast, no one is buying 18K, 14K, artistic gold creations at tremendous premiums, 10 times or more than spot.
And don't look now, but the Asian communities in USA and Europe are practicing that same gold business as mentioned above...go to an Asian shopping center and look in the jewelry stores or ask for Tael and you will be amazed at the display of artless 24K bangles made for chopping.
Just my two bits.
The Gold Market Fights Back [View article]
New York, London, Paris, Rome (western world): In contrast, no one is buying artistic gold creations at tremendous premiums, 10 times or more than spot.
And don't look now, but the Asian communities in USA and Europe are practicing that same gold business as mentioned above...go to an Asian shopping center and look in the jewelry stores or ask for Tael and you will be amazed at the display of artless 24K bangles made for chopping.
Just my two bits.
The Next Crisis: Spiraling Inflation (Part 2) [View article]
American In... If he is silly...you are stupid.
COMEX Shorts Confronted by Huge Investment; Central Bank Demand for Bullion [View article]
A Golden Thanksgiving [View article]
"Ok, I am going to do a little victory lap here.....<br><... Swans do not drift in, they are delivered by a cruise missile in the middle of the night, holidays, or on the weekend.<br><...
Where do these guys come from?
Another Crisis Looms Right Around the Corner [View article]
What will happen when cable is priced out of reach to the dirty masses, music and game software become to rich for the peons; will they attack with their super-sized drink cups in hand..... They will die in the streets of worse than rubber bullets, water canon sweeps and inconceivable ignorance.
Try 1910 in Mexico, or 1789 in France.
Rachel Benepe, Co-Manager of First Eagle Gold: Buy Gold as a Market Hedge [View article]
Faber: Gold a Better Buy than at $300/oz. [View article]
On Nov 18 08:42 PM thotdoc wrote:
> What does Gold being up today while GDX, ABX and other Gold ETFs
> down tell us?
Louis James on 'Best of the Best' Metal Miners [View article]
Apparently you and I have some experience around this arena. I wasn't particularly aiming at your comment, just trying to spread a note of caution. And, make note of the fact that I don't like Casey and his crew...however, I do read some of the posts there. I would love to find a rock with some gold in it or a nugget even...I even dream of buying a metal detector and looking for Centenarios down in Mexico (where I live).
On Nov 18 09:00 PM mbkelly75 wrote:
> I do not harvest opinions from anywhere. That is what Due Diligence
> is for - double and triple checking what someone has said. I do not
> pay Casey or anyone else for their thoughts, but I listen and learn
> from a great many people. I was not kidding about having experience
> as a prospector. I do have some knowledge of what I talk about.<br/>
Fed Sends Gold Higher, But What Is It Good For? [View article]
Compare it to the days in France before 1789, or Mexico before 1910.
( en.wikipedia.org/wiki/... )
( en.wikipedia.org/wiki/... )
The economics of today call for a complete cleansing of our (USA) government....vote no to incumbents, period.
Normally, in times such as these the peasants take up pitchforks and hoe handles to storm the Bastille; however, the peasants can't read or listen to anything other than ear-plug music and reality TV...oh well.
What will happen when cable is priced out of reach to the dirty masses, music and game software become too rich for the peons; will they attack with their super-sized drink cups in hand..... They will die in the streets of worse than rubber bullets, water canon sweeps and inconceivable ignorance.