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  • Silver: Last Chance For Immediate Breakout  [View article]

    On confiscation ..I took below the portion about collection gold... You are right if they go further than this ... that society will not be pleasant no matter what type of investment you saved :)

    'Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:

    (a) Such amount of gold as may be required for legitimate and customary use in industry, profession or art within a reasonable time, including gold prior to refining and stocks of gold in reasonable amounts for the usual trade requirements of owners mining and refining such gold.

    (b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100.00 belonging to any one person; and gold coins having recognized special value to collectors of rare and unusual coins.'
    Mar 17, 2013. 11:05 AM | 2 Likes Like |Link to Comment
  • Silver: Last Chance For Immediate Breakout  [View article]
    There is good solution to avoid confiscation of your PM ..Buying numismatic commemorative coins with historic value..they cannot melt it ats gold or silver value and is considered crime to melt coins only existing 200-300 each :) In the US those coins from confiscation by Roosevelt are still here with us..
    Mar 17, 2013. 10:56 AM | Likes Like |Link to Comment
  • Cyprus Will Bring The Red With It  [View article]
    Rulers lost confidence once when they applied Haircut to even insured Greek Bond holders receivables..EU accepted this unfair practice...Now Cypriots lost %10 of their fortunes at the banks another very unfair tax..if you had it at home or gold you don't pay a penny..EU again supported another Unfair move...How in the world they can build confidence ? As a human If you loose money you can make it somehow again..but if people loose confidence in you.. You are finished forever... It will take 10-20 years to replenish their
    %10 loss at an economy with %2 inflation and %2 interest rates again...
    Mar 17, 2013. 10:50 AM | 8 Likes Like |Link to Comment
  • Silver: Last Chance For Immediate Breakout  [View article]
    Much harder to learn and get it from my safe deposits, as it is not accounted for like the banks books where you have it very transparent at a safe is not transparent :)
    Mar 17, 2013. 10:40 AM | Likes Like |Link to Comment
  • Why Gold Might Be The Best Asset In Today's Market  [View article]
    Gold is the king at all times since 10000 years..the short term falling effects are due to general recession cutting purchasing power of everyone so people cash their gold to pay for their loans as there is only gold and cash available as banks also stop giving loans at such instances.. SO it is very normal for gold to fall during and shortly after a recession, but to recover the recession governments only solution is extreme money creation... and right at that instant gold comes out first and best...It is a wrong notion that bad news is good news for gold..not until system breaks fully and unlimited printing starts following that crisis...
    Mar 17, 2013. 10:37 AM | Likes Like |Link to Comment
  • Silver: Last Chance For Immediate Breakout  [View article]
    I totally agree fundamentals don't work which is very normal when banks play the FOREX with leveraged sales of paper. I am not angry, again this leveraging will make the increase more steep and fast as well when the sentiment changes. Graphs also only helpful during momentary watching for FOREX and don't mean much reflecting fundamentals as each day is different story in history. In short what should we looking at for the short term Graphs, for the long term fundamentals and for the sentiment change times from news like Cyprus bank run (may happen all over Europe loosing confidence in rulers)..This is the fun part of having a position in physical PM.. Cypriots lost %10 of their capital with %2 inflation and %2 interest rates it will take them a good 10 to 20 years to own the old capital again... for PM holders such a loss is very unlikely..
    Mar 17, 2013. 10:26 AM | 3 Likes Like |Link to Comment
  • Why Gold Might Be The Best Asset In Today's Market  [View article]
    Gold and Silver must constitute %10-20 of your total investments no matter what happens in the economy...With the remaining %80 do what you like.. A house, land, stocks, bonds. This approach is traditional for 10.000 years. I find it astonishing and cannot even explain how come both Egyptians saved gold and silver and also Mayans when they never met each other until Colombus ..and with so low communication how could they know to collect gold and silver and not aluminum, nickel etc instead.
    Mar 16, 2013. 01:17 AM | 2 Likes Like |Link to Comment
  • Gold slipping in the wake of the Fed's even easier policies doesn't surprise Uri Landesman, who sees a dramatic correction ahead. The metal performs best as a "flight to quality," he argues, and the Fed moves take that bid away. His downside target next year is $1,400/oz.  [View news story]
    FED did what it did last 4 years and gold increased..why should gold act different this time ? Don't believe anyone including me..believe 5000 years of value and keep it tight.. keep your gold :)
    Dec 13, 2012. 11:43 AM | 4 Likes Like |Link to Comment
  • A Classic Misunderstanding Of Gold, The Correction And Solution  [View article]
    If you held gold and silver in the past you wouldn't worry but buy at all lower levels.. This is an opportunity ..I wouldn't sell even if goes down to 800 USD and silver 12 USD I know the fundamentals and I am patient enough to wait 24to36 months to double my wealth....
    May 16, 2012. 02:27 PM | 4 Likes Like |Link to Comment
  • 'Civilized People Don't Buy Gold'  [View article]
    The highest gold holding central banks are the so called Civilised Nations Central Banks ..Commemorative Gold coins same weight only the imprint on it differing wth one imprint being costs 10 times more than the other.. Why humans accept this difference has no logic... But they die to pay the 10 times price to the rarer imprint.. SO GOLD AND SILVER will shine forever as they are widely accepted by most of mankind as the best investment of 10000 years.. Nothing can change this perception especially China and India and other developing countries totaling 3 billion are adding to the already wealthy 500 million in the USA and Europe, wealth is increasing geometrically.. All gold in the world fits o tennis court size building 3 stories high.. So I expect gold to be the best value in the coming 10-20 years with Silver and diamonds following closely...
    May 7, 2012. 02:46 PM | Likes Like |Link to Comment
  • Why Rising Oil Will Support Slumping Silver Prices  [View article]
    I believe oil can be replaced by other resources instantly BUT.. the world governments taxation system is based on oil (gas) taxes ..For example gasoline tax alone meets %40 of all taxes collected in Turkey..
    So who will kill a golden egg laying duck ? Until a new direct tax collecting idea generates (electricity cannot be taxed high )..we will not see oil based economy replaced.. Otherwise Germany alone produces 2 nuclear plant equivalent of solar energy with such short sunny days..
    Apr 17, 2012. 04:04 AM | Likes Like |Link to Comment
  • Gold Is Worth $700, But A Correction Is Unlikely In The Short-Term  [View article]
    Last month 55 percent of gold purchased is from China and India not from western nations.
    Which may be a change in paradigm so it may not be really overbought if it is bought by new big customers creating wealth. As per silver next decade I expect it to surpass gold.
    I also believe Market price is the real price of any commodity at a time, as long as it is standing within a range for a period of more than a few weeks . Cost and rareness are not the single price determinants as can be seen in housing markets in recession. It is DEMAND level.
    Sep 2, 2011. 08:13 AM | 3 Likes Like |Link to Comment
  • Is Gold In A Bubble?  [View article]
    World really had a good laugh when the USA government officials panicked ( there is no other government on earth that states your electricity cuts will last for 2 weeks) its own the people for Irene and people ran to buy food, fuel, generators, plywood and traveled miles.

    In all, we can expect a temporary jump in August consumption in the US and this will be opposite the following month as people are stocked. This may create a temporary correction. For your information
    Aug 29, 2011. 10:39 AM | Likes Like |Link to Comment
  • Sooner or Later, Gold Will Take Silver With It  [View article]
    Silver is expected to be the best investment of the coming decade as gold is of the current decade.
    It is right time to buy and accumulate silver. I collect %20 physical and %80 bank ETF. As silver is used mostly in industry, at economically bad times as now, silver cannot rise in price like gold.
    I expect the silver to take off (I mean from 40 USD to above 100 USD an ounce) when gold price slows down at around 3000 USD.
    Aug 17, 2011. 11:33 AM | 1 Like Like |Link to Comment
  • Gold: Riding the Crest of a Perfect Storm With Risk Heavily Skewed to the Downside  [View article]
    World is no longer the same as it was 30 years ago. Wealth was only in US and Europe and shared by a total of 500 million people.
    In the next 20 years China and India are getting their share of wealth this brings the numbers altogether to 2-3 Billion.
    If US 'no 1 holding reserves' sells all its gold 8000 Tons = 8 million kilos total is only USD 400 Billion. That is a fraction of the 14 Trillion USD owed by the government . Also shows us how little gold exists on earth to share by billions of people. Also Consider India and Chinese people love gold by tradition and India alone buys most of the Mercedes cars even right now.

    So I don't know price of gold for the next week, but I know during next decade it will be extremely expensive to own just some physical gold.
    Aug 11, 2011. 04:05 PM | 1 Like Like |Link to Comment