jt

Is it Finally Time to Sell Gold and Related Mining Stocks?

dowdy...I wouldn't buy a thing from Kitco...there prices are not very competitive and their charges for shipping, esp of silver, are outrageous. Kitco is a decent site for information, but IMO not for buying silver/gold coins/bullion. On top of that, John Nadler, who works for Kitco and is considered their "analyst" is a "goldbear" in sheep's ("goldbug") clothing. He must have some connection with the anti-gold Cartel, b/c he finds every opportunity he can to trash gold and goldbugs while pretending to be pro-gold. And he mocks GATA, despite the fact that they/Bill Murphy have been absolutely on the money for 10 years now concerning the suppression of the prices of gold and silver by the Fed and the Western Banker aided by their bullion bank lackies such as JPMorgain4Elites and GoldmanSuchs....

If you haven't bought yet, I'd first make sure you have at least some store of actual physical silver and/or gold. The easiest and cheapest to buy in terms of minimal to no premium over spot price is "junk" silver, ie, bags of pre-'65 silver coins (dimes/quarters/half dollars). They are sold by $10/$100/$1000 face value, eg, 1000 pre-'65 dimes would be $100 face value. Every $100 face value of those coins contains 71.5 oz silver. So you multiply 71.5 time the spot price of silver and that will give you value of the silver in the coins with no premium. I have bought a number of $10 and $100 face value bags from bulliondirect.com, using esp their NucleoExchange to put in bids, esp when price is getting taken down. In that way I have not infrequently been able to buy them actually at a DIScount to spot price of silver. You can also check with your local coin store. I would also recommend buying 99.99% pure silver 1 oz rounds...no numismatic value and the smallest premium to spot price.

If you want gold, you can go buy 1/10/100 oz bars...or 1 oz bullion coins, such as Canadian Maples, or Kruggerrands, etc. To get an idea of prices, check some place like bulliondirect.com and look at NucleoExchange to see what the bids and asks are.

I would do this before even considering buying mining stocks. Then I would recommend buying a subscription to the newsletter of someone like Jay Taylor or Doug Casey to get some good recommendations on good junior explorers, etc.

Is it Finally Time to Sell Gold and Related Mining Stocks?

GaryD...the rates have not only collapsed buy gone NEGATIVE!!!...ie, the Fed and the rest of the anti-gold cartel are PAYING the bullion banks to lease gold. Why??...there is always and forever only ONE reason to do that...and that is to SUPPRESS the price of gold, as they've been doing for years. That leased gold is only used for one thing--to sell into the market, take the proceeds and invest them in interest-bearing bonds/funds--easy money for the Fed lackies that play their game. It's criminal collusion. But then the Fed likes its infinite money-making machine: create "dollars"/Fedl Reserve Notes out of absolutely nothing, loan it to the treasury (and now just about anyone else they want to, it would appear), and then get paid interest on it!!!!...nice scam yes?

Buy and hold gold and silver physical. Do NOT buy shares in the ETFs...they have busy backdoors for dumping their gold and silver back on the market in these takedowns and almost ALL are under the control of members of the anti-gold cartel.


But we will be heading back up...no doubt about it. There are literally hundreds of TRILLIONS of derivative $debt out there. Gold in real value has just barely begun to rise. And silver is even worse b/c it is consumed in industry and we have been in deficit for nearly two decades now. There is now a paper price (manipulated price) and physical price disconnect. Delivery default can't be far behind.

jt