GOLD

[Steve Netwriter]

Here she is:

 

http://www.greenenergyinvestors.com/index.php?showtopic=6412

 

 

 

 

Please use new thread

 

Thank you :D

 

[Steve Netwriter]

An updated version of "I sold my soul to the company store".

http://mises.org/multimedia/mp3/twotrilliontons.mp3

 

BTW, we're well into April now and need a new thread.

 

Quite brilliant.

 

Am I the only one who is already fed up with hearing Obama ?

It's just spin and rubbish. I just don't listen.

 

[romans holiday]

A premuim of fear is already priced into gold. In US dollar terms, it might only come down slowly as both safe havens weaken with investors taking on risk. Other currencies might provide a better opportunity for buying gold at the moment.

 

Silver looks the better buy [if you have US dollars] as it should pick up with inflation concerns. Wait for the ratio to fall to 40-50 then swap back to gold.

[warpig]

Can anyone tell me which are the best years for the following 1oz gold coins in terms of aesthetics please? (Panda, Dollar)

[marmite]

Can anyone tell me which are the best years for the following 1oz gold coins in terms of aesthetics please? (Panda, Dollar)

 

Pandas have a different design on them every year, so its really down to personal choice. I avoid Pandas just because of the Counterfit issues.

 

Like Pandas, Australian gold nuggets have a differrent design on them every year, but the early years ( Late 80's ) are generally regarded as a better design due to actually having pictures of famous nuggets on them instead of kangaroos.

 

Dollars = Eagles, Design has not changed, the same every year since the 80's. The older antigue coins Liberty's and St Gaundens $20 coins have a very nice design and weigh just under a ounce. These are bullion but certain dates go for fortunes. This is a whole different subject and there is a lot of info out there on them.

 

http://www.usrarecoininvestments.com/colle...g/coin_info.htm

 

Australian Lunars are based on the lunar calendar and have a different design evry year for 12 years. Series one appears to be quite collectable and now we are on series 2.

 

Krugs, Sovs, Phillys, Swiss Frans, Mexican Pesos, Britannias are all pure bullion, only buy for weight.

 

Remember when it comes to selling to a bullion dealer, Bullion = Bullion, they only care about weight. By all means buy what you like the design of and maybe someone else might pay a couple more quid to complete a set in the future. Do not confuse the two subjects of Bullion and nuministics they are two very differnt disiplines.

 

Hope this helps.

 

[Errol]

Can anyone tell me which are the best years for the following 1oz gold coins in terms of aesthetics please? (Panda, Dollar)

 

You shouldn't bother about things like aesthetics. Bullion is bullion. Nuismatic collectors have missed the point.

[G0ldfinger]

A premuim of fear is already priced into gold. ...

Quite the other way round: a huge premium of complacency is priced into gold, making up the 90%-95% that is missing in the price to bring it to a level that would be appropriate given the state of finances in the world ($10,000/oz to $20,000/oz).

[headmelter]

You shouldn't bother about things like aesthetics. Bullion is bullion. Nuismatic collectors have missed the point.

 

 

Sometimes it's nice to have a hobby. I collect the odd silver coin but don't spend a lot of money on them.

[marceau]

Quite brilliant.

 

Am I the only one who is already fed up with hearing Obama ?

It's just spin and rubbish. I just don't listen.

 

Count me in on that, probably along with everyone else with more than half a brain.

 

I can't imagine the level of disillusionment that will be around when he is exposed as no more the solution to the USA's problems than his predecessor was. There's just no integrity there.

 

Still, his downfall will do two positive things - peel more liberals and floating voters away from the socialist left (which will become increasingly militant and 'Soviet' in tone once existing socialist policies fail) and greatly add to society's gradual (and painful) reintroduction to reality.

[romans holiday]

Quite the other way round: a huge premium of complacency is priced into gold, making up the 90%-95% that is missing in the price to bring it to a level that would be appropriate given the state of finances in the world ($10,000/oz to $20,000/oz).

Yes, long term investors agree that gold will perform exceedingly well. But if you want to know what will happen in the meantime you also need to envisage how main stream investors think [impersonally, the market]. This is perhaps the very definition of an investor. The market has not yet arrived at the conclusions that many here have. Whereas investors can see a certain logic and predict events that might follow, the market like a dumb beast has to see with its own senses these events unfold, and then reacts to them. This is to our advantage. We can predict gold may go lower because the market is being fooled into the rally and once again chasing after risk and returns. We can also predict that at a later date, economic reality will bite sending the market back looking for a safe haven.

 

The investor should never be too surprised or alarmed at what the market does, but should rather take advantage of it.

[Pixel8r]

Yes, long term investors agree that gold will perform exceedingly well. But if you want to know what will happen in the meantime you also need to envisage how main stream investors think [impersonally, the market]. This is perhaps the very definition of an investor. The market has not yet arrived at the conclusions that many here have. Whereas investors can see a certain logic and predict events that might follow, the market like a dumb beast has to see with its own senses these events unfold, and then reacts to them. This is to our advantage. We can predict gold may go lower because the market is being fooled into the rally and once again chasing after risk and returns. We can also predict that at a later date, economic reality will bite sending the market back looking for a safe haven.

 

The investor should never be too surprised or alarmed at what the market does, but should rather take advantage of it.

Do you really think the market is that stupid? I think things maybe different this time, with all the spin and stimulus it isn't hard to see we are in a whole world of sh*t. Unemployment keeps on rising, banks continue not to lend & governments continue to print, how long can it be before main stream people realise that what is being sold to them is make believe.

[InternationalRockSuperstar]

Can anyone tell me which are the best years for the following 1oz gold coins in terms of aesthetics please? (Panda, Dollar)

 

the 1933 Double Eagle of course

 

 

http://en.wikipedia.org/wiki/1933_Double_Eagle

The 1933 double eagle (United States 20-dollar gold coin) currently holds the record for highest price paid at auction for a single U.S. coin when it was purchased for US$7.59 million.

 

$7.59 million for one coin.

 

who said you needed 100oz to buy a house?

 

 

[headmelter]

Potential "mugs bet" on the Grand National today:

 

GOLDEN FLIGHT @ 66/1 or

 

SILVER BIRCH also @ 66/1

 

 

[warpig]

I'm not talking about collectors coins, obviously the design changes from time to time and sometimes the slightly older coins are cheaper anyway. I'm up to my neck in gold and silver and will only add to it with a few coins that I don't have.

 

The 1933 double eagle is a wee bit out of my league, especially as she looks like she's done a few rounds with Tyson!

 

The question still stands, does anyone have any different year gold pandas or dollars that they can recommend?

 

You shouldn't bother about things like aesthetics. Bullion is bullion. Nuismatic collectors have missed the point.

[warpig]

I have 2 tips that I heard from a jockey on the radio.

 

"Rambling Minster" 10/1

"State of Play" 14/1

 

Is there a way to place a bet online quickly?

 

Potential "mugs bet" on the Grand National today:

 

GOLDEN FLIGHT @ 66/1 or

 

SILVER BIRCH also @ 66/1

 

 

[FWIW]

I went for Fundamentalist! 100-1...

 

I think that is very me!

[headmelter]

I have 2 tips that I heard from a jockey on the radio.

 

"Rambling Minster" 10/1

"State of Play" 14/1

 

Is there a way to place a bet online quickly?

 

 

If you have bookies account.

[headmelter]

MON MONE 100/1 :blink:

[marmite]

I'm not talking about collectors coins, obviously the design changes from time to time and sometimes the slightly older coins are cheaper anyway. I'm up to my neck in gold and silver and will only add to it with a few coins that I don't have.

 

The 1933 double eagle is a wee bit out of my league, especially as she looks like she's done a few rounds with Tyson!

 

The question still stands, does anyone have any different year gold pandas or dollars that they can recommend?

 

This website shows a full list of Gold Pandas with pictures of all the designs. Just choose the ones you like best.

 

http://www.rivercitycoins.com/goldcoins/panda/panda.html

 

I dont understand the Dollar question as they all look the same

 

If you want to collect bullion that may have a numistic kick in the future I would say go for Lunars as the Americans appear to love these and the 1oz coins have a 30,000 mintage limit. Series one is now closed and for instance the 1996 Rat/Mouse only had 16,583 of the 1oz minted. The 1/4oz of the same year only had 1390 minted, which is tiny for bullion

 

http://www.onlygold.com/Featured_Lunar_Series_Set.asp

 

Series 2 started last year and so far we have the 2008 Rat / Mouse and the 2009 Ox

 

The dragon from either series will always sell at a premuim

 

The Year 2000 Dragon is the key coin in the Lunar Series, for a number of reasons. One, the dragon is considered China's icon. How often have you read an article or heard a news commentator refer to China as "the dragon"? Referring to China as "The Dragon" is as common as calling the United States "Uncle Sam."

 

Perhaps just as important is that Chinese people revere the dragon, even Chinese people born in other lunar calendar years. Dragons grace Chinese clothing, collectibles of all types, and even artifacts.

 

Additionally, the year 2000 was the first year of the "2000 series" of coins that will be minted for one thousand years. (Some people mistakenly say that the year 2000 coins are the first of the 21st century, but actually year 2000 coins are the last coins of the 20th century.) Regardless, being dated 2000 makes the Dragons unique coins

 

http://www.bostonbullion.com/productdetail...ARDRAGONGOLD1OZ

 

 

 

 

[romans holiday]

Do you really think the market is that stupid? I think things maybe different this time, with all the spin and stimulus it isn't hard to see we are in a whole world of sh*t. Unemployment keeps on rising, banks continue not to lend & governments continue to print, how long can it be before main stream people realise that what is being sold to them is make believe.

The market is just a bit..... slow.

[warpig]

Sorry I missed this post. Thanks lots of interesting info in here, I didn't realise eagles had the same design for the last 20 years.

 

Thanks for both posts!

 

Pandas have a different design on them every year, so its really down to personal choice. I avoid Pandas just because of the Counterfit issues.

 

Like Pandas, Australian gold nuggets have a differrent design on them every year, but the early years ( Late 80's ) are generally regarded as a better design due to actually having pictures of famous nuggets on them instead of kangaroos.

 

Dollars = Eagles, Design has not changed, the same every year since the 80's. The older antigue coins Liberty's and St Gaundens $20 coins have a very nice design and weigh just under a ounce. These are bullion but certain dates go for fortunes. This is a whole different subject and there is a lot of info out there on them.

 

http://www.usrarecoininvestments.com/colle...g/coin_info.htm

 

Australian Lunars are based on the lunar calendar and have a different design evry year for 12 years. Series one appears to be quite collectable and now we are on series 2.

 

Krugs, Sovs, Phillys, Swiss Frans, Mexican Pesos, Britannias are all pure bullion, only buy for weight.

 

Remember when it comes to selling to a bullion dealer, Bullion = Bullion, they only care about weight. By all means buy what you like the design of and maybe someone else might pay a couple more quid to complete a set in the future. Do not confuse the two subjects of Bullion and nuministics they are two very differnt disiplines.

 

Hope this helps.

[id5]

...

The Year 2000 Dragon is the key coin in the Lunar Series, for a number of reasons. One, the dragon is considered China's icon. How often have you read an article or heard a news commentator refer to China as "the dragon"? Referring to China as "The Dragon" is as common as calling the United States "Uncle Sam."

 

Perhaps just as important is that Chinese people revere the dragon, even Chinese people born in other lunar calendar years. Dragons grace Chinese clothing, collectibles of all types, and even artifacts.

...

 

The 2002 Year of the Horse Lunar is also very popular in Western countries and carries a high premimum

[safebetter]

Latest from James Turk @ GM:

 

A message from the weak currency

 

Looking at the long term charts gold is due a brief correction before resuming the upward trend (GBP & Euro), getting a bit ahead of itself!

 

CGNAO - still think we are on for £720 by June, or was the run to ~£700 what you were calling?

 

Long and strong.

 

SafeBetter

 

[romans holiday]

I posted this on another site in reply to deflationists who see no need for owning gold. Thought it would perhaps be of some interest here.

 

 

Most deflationary theory is based on what happened in the 30s. When you consider that the dollar was backed by the real asset of gold, conventional deflationary theory, and what it entails for prices, is limited. Prices may fall due to less money in the system, and again due to less demand as consumers seek to pay down debt. However, besides downward pressure on prices there may also be upward pressure as currencies depreciate which we have already seen happening in some countries. Theoretically, we could see a situation where you had an asset/credit/debt deflation, yet prices remained in a relative equilibrium. Prices in this situation would become deceptive as the currency loses one of the classic functions of money, that is, to be a measure of value. Potentially static prices would mask the fact that the currency is losing value as it would also be the case in an inflation. In this respect inflation is much less complicated than deflation; you can see nominal prices going up.... therefore inflation.

 

The profligate bankers look to have really damaged the money system [fractional reserve banking] this time round. With the governments decision to try to prop up this system and reflate the bubble in asset prices, they run a real risk with the currency itself; with a shrinking economy and a growing debt burden, the value of the currency could be called into question. It will at some time most probably devalue. Conveniently, the depreciation of currency can be equally achieved in a deflation as well as an inflation although a deflation is worse; at least in an inflation there is a "surplus" of money.

 

Which comes back to your question of how we value gold. The problem becomes how we value anything. If we take the classic functions of money where it is a store and measure of value besides a medium of exchange, we get into a right pickle when money loses one or more of these functions. Most people pretty much agree that our system of money is not an effective store of value, hence the world of investment and chasing after gains and outwitting the bogey of inflation. Yet over and above this, I think money's function as a measure of value will also become increasingly problematic. When investors finally realise this and they see prices as all out to sea without a compass they will look for some firm basis in which to protect their capital. At that time, it is likely we will see a massive capital flight from assets and currencies to gold and silver which remain the most powerful symbols of money.

[HPCsoYESTERDAY]

I posted this on another site in reply to deflationists who see no need for owning gold. Thought it would perhaps be of some interest here.

 

 

Most deflationary theory is based on what happened in the 30s. When you consider that the dollar was backed by the real asset of gold, conventional deflationary theory, and what it entails for prices, is limited. Prices may fall due to less money in the system, and again due to less demand as consumers seek to pay down debt. However, besides downward pressure on prices there may also be upward pressure as currencies depreciate which we have seen happening in some countries. Theoretically, we could see a situation where you had an asset/credit/debt deflation, yet prices remained in a relative equilibrium. Prices in this situation would become deceptive as the currency loses one of the classic functions of money, that is, to be a measure of value. Potentially static prices would mask the fact that the currency is losing value as it would also be the case in an inflation. In this respect inflation is so much less complicated than deflation; you can see nominal prices going up.... therefore inflation.

 

The profligate bankers look to have really damaged the money system [fractional reserve banking] this time round. With the governments decision to try to prop up this system and reflate the bubble in asset prices, they run a real risk with the currency itself; with a shrinking economy and a growing debt burden, the value of the currency could be called into question. It will at some time most probably devalue. Conveniently, the depreciation of currency can be equally achieved in a deflation as well as an inflation although a deflation is worse; at least in an inflation there is a "surplus" of money.

 

Which comes back to your question of how we value gold. The problem becomes how we value anything. If we take the classic functions of money where it is a store and measure of value besides a medium of exchange, we get into a right pickle when money loses one or more of these functions. Most people pretty much agree that our system of money is not an effective store of value, hence the world of investment and chasing after gains and outwitting the bogey of inflation. Yet over and above this, I think money's function as a measure of value will also become increasingly problematic. When investors finally realise this and they see prices as all out to sea without a compass they will look for some firm basis in which to protect their capital. At that time, it is likely we will see a massive capital flight from assets and currencies to gold and silver which remain the most powerful symbols of money.

 

i listened to the 3rd hour - part 2 of the big picture earlier today and it clarified some details of the great depression for me, interestingly iirc, jim said that many commodities went up in price between 1933-37.