Guest guest Posted November 8, 2007 Report Share Posted November 8, 2007 Dear Sylver & Nancy, Thanks for answering up on this one for me Sylver. Nancy - Sylver's advice is spot on. The only thing I might add has to do with his last paragraph where he issues his warning. There is a lot of speculation happening in the Precious Metals Market as well as other commodities, and this market is also subject to manipulation to some degree. As such, for the nonce, it too can go up or down for periods of time in an irrational manner. But the nice thing about Gold and Silver is that they tend to find their own level naturally as time goes by. Where the Manipulators tend to screw up is in dealing with a finite commodity such as precious metals. There IS only so much of each of these (gold & silver), so even the Rockerfellers can lose on this one with an attempted manipulation. The more that Gold and Silver is privately owned (by the likes of you and me :-), the less it can be controlled and it therefore reaches its own natural plateau. As more of the common people jump on the Gold and Silver bandwagon, the less it can be manipulated. Is this understandable??? In this day and age, with a plunging dollar, and rampant inflation, it only makes good sense to tuck away some of the hard yeller stuff. :-) Someone will always trade you a loaf of bread for a silver coin. Always! Right now, the best buy is still Silver since it has the greatest potential for upward movement. IE: The current Gold / Silver ratio is: 53.94 to 1 = 53.94 ounces of Silver for one ounce of Gold. Five or six years ago, it was 75 to 1. However, the current World Supply of Silver to Gold is closer to 18 to 1. This means that Silver is way undervalued in relation to Gold and has the greatest potential upward movement when the financial day of reckoning comes. And it WILL come. Out Exchange does not last for ever. The more of the common people who buy it, = the less it can be manipulated by the greedy International Bankers, = the less control they have over making our lives miserable. And so on . . . Hope this all makes some sense. Hugs, Doc Sylvain wrote: There are several degrees of « hell ». If things go bad to the point of there being no goods and/or services available, money should be the least of your problem, because you would probably have lost your body anyway. When we talk about crashes and so forth it’s usually not that bad. Goods and services are still available, but people don’t trust money. Meaning, they don’t believe they will be able to use money to buy the stuff they need and therefore don’t part of goods/services in exchange for money. Money is based on trust. The second the trust is gone, money is worth no more than the paper it is printed on. Barter systems are re-established (a this for a that) in real bad crises. Of course, it is all a matter of degrees, but the principle is that people no longer believe in the buying power of money. If your whole savings are based on money, they will be gone to the degree money looses its buying power (inflation). The reason why Gold and Silver are considered to be good ‘crisis assets’ is that historically, people have always been able to use them in times of crises as a mean to buy stuff. They have been trusted for economic transactions in the past when money’s credibility was seriously damaged, and it is assumed that they would be trusted again if money was once again discredited. Gold and silver can’t be manipulated in the same way as paper/electronic money, because there is a finite supply of it which can not be increased artificially by the finance boys, so while the value of money goes down, the value of whatever gold/silver you own goes up (more demand, same supply). Another factor, albeit somewhat minor, is that gold and silver have some intrinsic value as raw materials in various industrial processes (electronics, jewelry). Further, the more people are worried about a crisis, the more they will buy gold as a safeguard against an economic crisis, and as a consequence, the price of gold keeps climbing, which in turn means that it is a profitable investment. However, if people start feeling optimistic about the economy, they start selling their gold to purchase more remunerative products*, which could cause the price of gold to go down. As Doc pointed out, Gold has been raising fairly consistently over the last few years Now, a note of warning: there are a whole bunch of gold based financial products. A lot of these are merely speculative accounts which can not really be exchanged for gold, they are not gold, they are bets on gold, or n companies producing gold, or related industries. If you are going to buy gold as a protection against a possible crisis, make sure you actually get the gold or something which can be exchanged for gold regardless of the circumstances. Do make sure that there is no clause that would allow whoever holds your gold to declare bankruptcy and use your gold to pay his debts. Is it any clearer ? Cheers, Sylvain *A financial "product" is actually not a product at all in the sense of something being produced. , it’s just a set of financial instruments (bonds, stocks, funds, …) packaged and sold by a bank Dear Doc, Thanks for the info. I am completely ignorant in these areas so forgive me if my questions are simple. If all goes to hell and the economy crashes what good is the gold and silver? Who would care to exchange anything for it? Why does it give any stability? Even if you were to get any money for it, how would that be helpful if the dollar is worthless? Maybe we are just talking about an investment to sell at a later date but I have heard that buying gold and silver is all that will see you through in a crisis and I haven't figured out how. I'd appreciate the help in understanding this. ML, Nancy ----- Original Message ----- Doc Shillington herbal remedies Wednesday, November 07, 2007 1:48 PM Dear Joyce, Check with your local Coin Dealers. After you've checked them all out by asking them what they charge over "spot" = the existing trading price for an ounce of Gold or Silver if you're going that route, go with the dealer that promises the lowest premium. The going rate is anywhere from $15 to $25 over spot. Over $25 is too much. Since I posted this Friday, Gold closed today for $830.70 and Silver closed at $15.29 and is still screaming upwards. Check the graphs at: http://www.kitco.com/market/ Again, I don't tell you this to get speculative about it all or for an easy way to "Make" money. This is for your Reserves. Your untouchable Savings. Your House or Building Fund. The Rainy day. ;-) Love, Doc Joyce wrote: Doc, Where does one purchase gold? -------Original Message------- Doc Shillington 11/2/2007 1:51:49 PM herbal remedies {Herbal Remedies} Ron Paul on the Economy A few stats for y'all with a talk by Ron Paul on the Economy. Yours in Knowledge, Health and Freedom, Doc Back in 2001, I recommended to all of my friends that they buy Gold and Silver. Gold was $300 an ounce back then. Today, it just hit its highest ever = *$806 an ounce*. Silver was $4 an ounce in 2001 and just today hit *$14.53 an ounce* The dollar also hit an all time low against the Euro. For those of you who can, I'd still recommend putting away a few gold and silver pieces. The metal with the largest potential upward movement is Silver. I don't tell you this so that you can "speculate". I never gamble! Never! I don't believe in it. It is simply the best place to put your savings. Doc __________ NOD32 2644 (20071107) Information __________ This message was checked by NOD32 antivirus system. http://www.eset.com Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 15, 2007 Report Share Posted November 15, 2007 Dear Barb, If I remember aright, they confiscated Gold back then, but not Silver which continued to be used as cash. It was also a very unpopular move and a great many citizens were non compliant with the executive order that implemented it. I have heard of no one going to prison back then who did not comply. Anyway, Silver is your best buy due to it's terrifically under valued price at the moment. It is very affordable at this time and it is my #1 choice. I seriously doubt they'll implement the confiscation rules again since at that time, we WERE on the Gold Standard and there was a lot less people to monitor. Nowadays, we are on the fiat money currency system. There's no way they could monitor compliance in this day and age with the existing population. Over the years there's just been too much of the stuff been spread around with little to no paper trail on it all. The International Bankers in their arrogance feel they have destroyed the Gold Standard and any serious interest in it. I feel this will be proved otherwise over the next few years. This is totally up to you of course. It is only my recommendation for what it's worth. Again, I don't suggest one do this for "speculative" purposes. I frown upon GAMBLING in any guise whether it be the Stock Market, Bonds, Commodities, or any other such market. I believe in reaping the fruits of one's own labor rather than the riding on the coat tails of some capitalist speculation. These are nothing more than examples of OUT EXCHANGE and contribute to the current economic woes of the planet. Now, please don't get me wrong, I certainly don't beat the drum for Communism or any other "ism". Communism is very low scale. I personally am apolitical in any way shape or form. I simply advocate FREEDOM. And those who deliver it, I support. Those who don't, I fight in my own way. I recommend keeping Gold and Silver only as untouchable reserves and for the long haul. And for Gawd's sake, don't hide it in your bedroom or anywhere in your house for that matter. Best is outside in your back yard some place where only you and your family know its location. Doc Barbara wrote: One thing to keep in mind though, is this. The Gov. can confiscate all your gold and silver. They confiscated all the gold from the people in the 30's. There's nothing to stop them from doing it again. Barb Leppky ----- Original Message ----- Doc Shillington To: herbal remedies Sent: Thursday, November 08, 2007 1:41 PM Subject: {Herbal Remedies} Re: [ThetaNet] Re: Ron Paul on the Economy Dear Sylver & Nancy, Thanks for answering up on this one for me Sylver. Nancy - Sylver's advice is spot on. The only thing I might add has to do with his last paragraph where he issues his warning. There is a lot of speculation happening in the Precious Metals Market as well as other commodities, and this market is also subject to manipulation to some degree. As such, for the nonce, it too can go up or down for periods of time in an irrational manner. But the nice thing about Gold and Silver is that they tend to find their own level naturally as time goes by. Where the Manipulators tend to screw up is in dealing with a finite commodity such as precious metals. There IS only so much of each of these (gold & silver), so even the Rockerfellers can lose on this one with an attempted manipulation. The more that Gold and Silver is privately owned (by the likes of you and me :-), the less it can be controlled and it therefore reaches its own natural plateau. As more of the common people jump on the Gold and Silver bandwagon, the less it can be manipulated. Is this understandable??? In this day and age, with a plunging dollar, and rampant inflation, it only makes good sense to tuck away some of the hard yeller stuff. :-) Someone will always trade you a loaf of bread for a silver coin. Always! Right now, the best buy is still Silver since it has the greatest potential for upward movement. IE: The current Gold / Silver ratio is: 53.94 to 1 = 53.94 ounces of Silver for one ounce of Gold. Five or six years ago, it was 75 to 1. However, the current World Supply of Silver to Gold is closer to 18 to 1. This means that Silver is way undervalued in relation to Gold and has the greatest potential upward movement when the financial day of reckoning comes. And it WILL come. Out Exchange does not last for ever. The more of the common people who buy it, = the less it can be manipulated by the greedy International Bankers, = the less control they have over making our lives miserable. And so on . . . Hope this all makes some sense. Hugs, Doc Sylvain wrote: There are several degrees of « hell ». If things go bad to the point of there being no goods and/or services available, money should be the least of your problem, because you would probably have lost your body anyway. When we talk about crashes and so forth it’s usually not that bad. Goods and services are still available, but people don’t trust money. Meaning, they don’t believe they will be able to use money to buy the stuff they need and therefore don’t part of goods/services in exchange for money. Money is based on trust. The second the trust is gone, money is worth no more than the paper it is printed on. Barter systems are re-established (a this for a that) in real bad crises. Of course, it is all a matter of degrees, but the principle is that people no longer believe in the buying power of money. If your whole savings are based on money, they will be gone to the degree money looses its buying power (inflation). The reason why Gold and Silver are considered to be good ‘crisis assets’ is that historically, people have always been able to use them in times of crises as a mean to buy stuff. They have been trusted for economic transactions in the past when money’s credibility was seriously damaged, and it is assumed that they would be trusted again if money was once again discredited. Gold and silver can’t be manipulated in the same way as paper/electronic money, because there is a finite supply of it which can not be increased artificially by the finance boys, so while the value of money goes down, the value of whatever gold/silver you own goes up (more demand, same supply). Another factor, albeit somewhat minor, is that gold and silver have some intrinsic value as raw materials in various industrial processes (electronics, jewelry). Further, the more people are worried about a crisis, the more they will buy gold as a safeguard against an economic crisis, and as a consequence, the price of gold keeps climbing, which in turn means that it is a profitable investment. However, if people start feeling optimistic about the economy, they start selling their gold to purchase more remunerative products*, which could cause the price of gold to go down. As Doc pointed out, Gold has been raising fairly consistently over the last few years Now, a note of warning: there are a whole bunch of gold based financial products. A lot of these are merely speculative accounts which can not really be exchanged for gold, they are not gold, they are bets on gold, or n companies producing gold, or related industries. If you are going to buy gold as a protection against a possible crisis, make sure you actually get the gold or something which can be exchanged for gold regardless of the circumstances. Do make sure that there is no clause that would allow whoever holds your gold to declare bankruptcy and use your gold to pay his debts. Is it any clearer ? Cheers, Sylvain *A financial "product" is actually not a product at all in the sense of something being produced. , it’s just a set of financial instruments (bonds, stocks, funds, …) packaged and sold by a bank Dear Doc, Thanks for the info. I am completely ignorant in these areas so forgive me if my questions are simple. If all goes to hell and the economy crashes what good is the gold and silver? Who would care to exchange anything for it? Why does it give any stability? Even if you were to get any money for it, how would that be helpful if the dollar is worthless? Maybe we are just talking about an investment to sell at a later date but I have heard that buying gold and silver is all that will see you through in a crisis and I haven't figured out how. I'd appreciate the help in understanding this. ML, Nancy ----- Original Message ----- Doc Shillington herbal remedies Wednesday, November 07, 2007 1:48 PM Dear Joyce, Check with your local Coin Dealers. After you've checked them all out by asking them what they charge over "spot" = the existing trading price for an ounce of Gold or Silver if you're going that route, go with the dealer that promises the lowest premium. The going rate is anywhere from $15 to $25 over spot. Over $25 is too much. Since I posted this Friday, Gold closed today for $830.70 and Silver closed at $15.29 and is still screaming upwards. Check the graphs at: http://www.kitco.com/market/ Again, I don't tell you this to get speculative about it all or for an easy way to "Make" money. This is for your Reserves. Your untouchable Savings. Your House or Building Fund. The Rainy day. ;-) Love, Doc Joyce wrote: Doc, Where does one purchase gold? -------Original Message------- Doc Shillington 11/2/2007 1:51:49 PM herbal remedies {Herbal Remedies} Ron Paul on the Economy A few stats for y'all with a talk by Ron Paul on the Economy. Yours in Knowledge, Health and Freedom, Doc Back in 2001, I recommended to all of my friends that they buy Gold and Silver. Gold was $300 an ounce back then. Today, it just hit its highest ever = *$806 an ounce*. Silver was $4 an ounce in 2001 and just today hit *$14.53 an ounce* The dollar also hit an all time low against the Euro. For those of you who can, I'd still recommend putting away a few gold and silver pieces. The metal with the largest potential upward movement is Silver. I don't tell you this so that you can "speculate". I never gamble! Never! I don't believe in it. It is simply the best place to put your savings. Doc __________ NOD32 2644 (20071107) Information __________ This message was checked by NOD32 antivirus system. http://www.eset.com Quote Link to comment Share on other sites More sharing options...
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