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aardvark

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Posts posted by aardvark

  1. Not exactly about silver but did you hear that story involving palladium? New materials will increase the demand on the rare metal. Shall we call you palladiumfinger?

     

    http://www.bbc.co.uk/news/science-environment-11484773

     

    that chemistry has been around for years - nobel prizes are always 10-20 years late.

    unfortunately its a very small market. i have done a few Heck reactions using palladium myself and not only is a small amount used but it can easily be recycled.

    i'm still super bullish on palladium though :)

  2. Yeah, I think Jim Sinclair will go down in history as a genius, at least in golds history. I was thinking of getting his leather bound book as it may become quite a collectors item one day.

     

    i was thinking about that as well but i can't find the link on his website??

  3. Its amazing how modern coins rust, old 1900 pennys and 1/2 pennys are this lovely green colour and the .925 1909 edwardian sixpence came out clean and bright. A great lesson for the children on the difference of real money and fake. Im rather addicted to metal detecting now!

     

    where were you searching? just a random field or beach?

  4. Unlikely to be rust. It's called copper spotting and is not that unusual on 999 pure gold coins.

     

    I have a gold maple with several (quite obvious) copper spots on it. Either that or they are marks where some form of chemical (acid) has splashed onto the coin during manufacture/transport.

     

    its not unusual on 22k coins like sovs or krugs (which contain copper) but it should be impossible on .999 gold!

     

    maybe your maple has touched another coin and some copper has rubbed off onto it?? acid would not have any effect on the gold (unless it also contained some other metal).

  5. Bubb's belief in paper and a working banking sector seems fairly strong. That's why he doesn't seem to want to hold actual bullion.

     

     

    no offence to drbubb but considering what he believes in the fringe section, i'll hold on to my physical thanks ;)

  6. Also gold bugs miss that human specie is evolving into a new specie and in 100 years from now we probably will be able to create,destroy or convert the matter as we want to. Somebody said gold was a 5000 years bubble, i bet it is. A barbaric relic that you will see in a museum 200 from now. And if you think you aren't going to live by that time you could be very wrong. A trend in inmortality has already started and it is now your decision how long you will live, but some folks still want to deny the advances of thechnology, digging the ground is the only future they see.

     

    lol - now i see why you think gold will fall to $320 - you're crazy.

  7. I don't understand why people think gold is going down, it is utterly beyond me... countries are going bankrupt, their respective currencies are in question and everyone wants to sell their gold, WTF! There seems to be a division forming here, where everyone here saw the crisis coming but some still have no sense of timing... BTW gold is retracing its footsteps already tonight!

     

    me neither - people seem to want to call a top in gold simply because its more expensive than before, and it surely can't go up any more?!?!?! well, people have been saying that for last 10 years and the world economy is in worse and worse shape everyday.

    whats important to most of us is what happens to the pound and i don't see a strong pound for a looooong time, not with our debt.

    a couple of people keep asking me when will i sell my gold? and all i say is definitely not this year.

    so i'll be holding i think ;)

  8. Just been chatting with a friend about how ridiculously cheap silver was back in 09 - an ounce of silver could be bought for the same amount as two packets of cigarettes!!

     

    Edit: Sorry, I realised I am on the 2009 thread not 2011!

     

    i agree - put in context silver is stupidly cheap.

  9. I am starting to question some of the opinions of Sinclair of late. He is showing a complete ignorance of metallurgy when he talks about 'mixing lead and tungsten'. Simple thermal or electrical tests are sufficient for testing - no need for drilling or radiation. He says 'we know coins have been adulterated for years' - really? I have never seen an adulterated coin - and a dealer I know has not either. Why is Sinclair deliberately trying to instill doubt into people's minds with this misinformation?

     

    Perhaps he is behind 'well established coin dealers' and wants you to buy from him!

     

    Edit: Silver has a density of 10.5 and lead is 11.35 so I would like to see how the density of silver can be matched by a 'mixture of lead and tungsten' when tungsten has a density of 19.25!!

     

    i know what you mean - silver and gold have been used for centuries BECAUSE its easy to detect fakes. its easy to detect when lead has been used for silver and its easy to spot gold fake also (and i'm not convinced anybody anywhere has ever made a tungsten fake - lots of scare stories but no evidence its actually happened, or even possible/easy to do)

  10. The debt that is owed simply cannot be repaid

     

    This is critical.

     

    And it's not just the debt but also the future liabilities - like health care etc etc.

     

    true.

     

    the question is, what are they going to do about it?

     

    i honestly don't know - and thats why i own gold.

  11. ...and with sterling falling fast as well, the overall impact on my holdings is pretty minimal at the moment.

    Might change if things continue this way but I for one, as a Brit, am still very happy holding gold...

     

     

    exactly - gold vs sterling, its a no brainer rally.

     

    there was a time when a $50 drop would have got me really worried but now, its no big deal - a drop to $1150 whoopee doo, doesn't matter.

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