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Holding Over The Weak End


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#136 cwd

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Posted 22 November 2009 - 07:16 PM

Bailout nation. :wacko:

Can the Postal Service be Saved?
With Losses Mounting, Postal Service Seeks Autonomy, Pushes to Cut Saturday Service; Rep. Danny Davis Calls for a Bailout
CBS

#137 psyche doctor

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Posted 22 November 2009 - 07:21 PM

Dec. gold getting some love - up over 11 at 185.5
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#138 psyche doctor

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Posted 22 November 2009 - 07:26 PM

NG get some, too. Up nearly 2.65%
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#139 cwd

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Posted 22 November 2009 - 07:32 PM

More bailouts coming. <_<

Delinquent Mortgages Equal to Three Times A Balanced For-Sale Inventory
link

#140 cwd

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Posted 22 November 2009 - 07:34 PM

Dec. gold getting some love - up over 11 at 185.5



IMO, the more bailouts the higher the POG. :rolleyes:

#141 psyche doctor

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Posted 22 November 2009 - 07:40 PM

<br />IMO, the bailouts the higher the POG. <img src="style_emoticons/default/rolleyes.gif" style="vertical-align:middle" emoid=":rolleyes:" border="0" alt="rolleyes.gif" /><br />

<br /><br /><br />


Yeah, just imagine when congress will have to bail out those banks heavily exposed to commercial real estate, when that market gets real nasty in 2010.
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#142 bubbadropping

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Posted 22 November 2009 - 08:26 PM

Hello fellow Stoolies!!!!

Haven't been in in a while. I am looking to purchase Gold and Silver Bullion to add to my stash. Anybody know a very,very reputable outfit from who to buy at minimum premium? And do I get delivery or just have it stored in an insured vault. And what about government confiscation which
no doubt will happen at some point.

therefore what is best way to purchase bars of the stuff and have it stored in Switzerland say. And how to verify it is not Tungsten. This really pisses me off. One can trust no outfit anymore now that the meltdown has begun.

or do people buy vintage coin and just hunker down with a loaded weapon at home? This market is so loaded with ifs and ands and buts, its treacherous.

Doc if your reading this, some help please. Best to all, buddha

#143 Dharmaeye

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Posted 22 November 2009 - 08:55 PM

Hello fellow Stoolies!!!!

Haven't been in in a while. I am looking to purchase Gold and Silver Bullion to add to my stash. Anybody know a very,very reputable outfit from who to buy at minimum premium? And do I get delivery or just have it stored in an insured vault. And what about government confiscation which
no doubt will happen at some point.

therefore what is best way to purchase bars of the stuff and have it stored in Switzerland say. And how to verify it is not Tungsten. This really pisses me off. One can trust no outfit anymore now that the meltdown has begun.

or do people buy vintage coin and just hunker down with a loaded weapon at home? This market is so loaded with ifs and ands and buts, its treacherous.

Doc if your reading this, some help please. Best to all, buddha


Avoid China gold coins. Personally have Canadian Maples, gold eagles (US COINS) and gold sovereigns. Silver mostly in early quarters. A little palladium and platinum.
You will learn what is what is what over time. For example. difference between a half and a full sovereign. A scale can be helpful. Any thing numismatic by chance not design.
Keep most in safety deposit box (in Canada)

Most bullion was from California (CNI) but that was many years ago.
http://www.golddeale...ullionpage.html

Last place I did major purchase was North West Mint. They often have best price but are SLOOOOOOOOOOOOOOOOOOOOOW.
http://bullion.nwtmint.com/

Stuart

#144 patents

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Posted 22 November 2009 - 09:34 PM

Hello fellow Stoolies!!!!

Haven't been in in a while. I am looking to purchase Gold and Silver Bullion to add to my stash. Anybody know a very,very reputable outfit from who to buy at minimum premium? And do I get delivery or just have it stored in an insured vault. And what about government confiscation which
no doubt will happen at some point.

therefore what is best way to purchase bars of the stuff and have it stored in Switzerland say. And how to verify it is not Tungsten. This really pisses me off. One can trust no outfit anymore now that the meltdown has begun.

or do people buy vintage coin and just hunker down with a loaded weapon at home? This market is so loaded with ifs and ands and buts, its treacherous.

Doc if your reading this, some help please. Best to all, buddha

I have also been satisfied over the years with CNI as suggested by Dharmaeye.

The reports on the web and elsewhere that I have seen/heard indicate that the problem with Tungsten is only with 400 oz gold bars, not coins and smaller bars.

At the present time I have little confidence in banks and would not risk putting anything of value in a vault where I might not have 24 hour a day access.

Where do you and your family live? Which is more precious to you: your family or any gold that you might have? If where you live is safe enough for your family, why would it not be safe for some physical metals. You could have several caches around.

As far as confiscation, my feeling is that if it comes to that, we are in deep trouble, With globalization and with the Swiss giving in on some heretofor private information, why would there be any safety with gold stored half way around the world out of your control?

Just get the physical gold and act like Scrooge McDuck and feel good about it while we all can. It is very shiny and pretty afterall.

#145 summoner

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Posted 22 November 2009 - 09:35 PM

Never had a problem with USAGOLD, have been with them since 98'. About 6000 coins ago....lmao
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#146 Dharmaeye

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Posted 22 November 2009 - 09:58 PM

Never had a problem with USAGOLD, have been with them since 98'. About 6000 coins ago....lmao


Like there FX/ futures quote page
http://www.usagold.com/live.html

#147 DrStool

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Posted 22 November 2009 - 10:31 PM

Hello fellow Stoolies!!!!

Haven't been in in a while. I am looking to purchase Gold and Silver Bullion to add to my stash. Anybody know a very,very reputable outfit from who to buy at minimum premium? And do I get delivery or just have it stored in an insured vault. And what about government confiscation which
no doubt will happen at some point.

therefore what is best way to purchase bars of the stuff and have it stored in Switzerland say. And how to verify it is not Tungsten. This really pisses me off. One can trust no outfit anymore now that the meltdown has begun.

or do people buy vintage coin and just hunker down with a loaded weapon at home? This market is so loaded with ifs and ands and buts, its treacherous.

Doc if your reading this, some help please. Best to all, buddha


GEt in touch with potatohead. He's the expert.

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#148 capitall

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Posted 22 November 2009 - 10:54 PM

While sympathetic to the so called health reform because of lizard brain partisanship, in other words who is against it, as a practical matter it is a ridiculous exercise in rent seeking. Free markets essentially mean rent seeking in the US now. Thus the health insurance industry is free enterprise, it's function is unassailable , besides the point. No sense spending a million posts arguing about it.

American corporations now surpass the world in innovation. Innovation in rent seeking.


For people unfamiliar with the term. Wikipedia sure covers a lot of things.

http://en.wikipedia....ki/Rent_seeking

#149 cwd

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Posted 22 November 2009 - 10:59 PM

I have also been satisfied over the years with CNI as suggested by Dharmaeye.

The reports on the web and elsewhere that I have seen/heard indicate that the problem with Tungsten is only with 400 oz gold bars, not coins and smaller bars.

At the present time I have little confidence in banks and would not risk putting anything of value in a vault where I might not have 24 hour a day access.

Where do you and your family live? Which is more precious to you: your family or any gold that you might have? If where you live is safe enough for your family, why would it not be safe for some physical metals. You could have several caches around.

As far as confiscation, my feeling is that if it comes to that, we are in deep trouble, With globalization and with the Swiss giving in on some heretofor private information, why would there be any safety with gold stored half way around the world out of your control?

Just get the physical gold and act like Scrooge McDuck and feel good about it while we all can. It is very shiny and pretty afterall.


Here is the guy I deal with. I have been buying from him for seven or eight years, last purchase last month. His prices are competitive.
Call Don. His business is so good he has put his kids to work.
I suggest coins either eagles or Krugs, mapes are 24k and easy to scratch. When your check clears, the gold is shipped by US mails and arrives in 2 or 3 days.

http://www.coloradogold.com/

#150 capitall

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Posted 22 November 2009 - 11:39 PM

What would cities like Detroit do without "financial innovation?" They'd be able to pay their electric bills, unlike now, that's what.

Just more banks "doing God's work" here I suppose, with the usual results on the rest of us:

http://www.msnbc.msn...usinessweekcom/

Cities find the fine print is costing millions
Local governments fork over billions in fees on investments gone bad (one of many examples below-- Detroit)


"A few years ago, Detroit struck a derivatives deal with UBS and other banks that allowed it to save more than $2 million a year in interest on $800 million worth of bonds. But the fine print carried a potentially devastating condition. If the city's credit rating dropped, the banks could opt out of the deal and demand a sizable breakup fee. That's precisely what happened in January: After years of fiscal trouble, Detroit saw its credit rating slashed to junk. Suddenly the sputtering Motor City was on the hook for a $400 million tab. "





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