Still time to buy gold imo. - Page 172 - Economics -- Two Plus Two Poker Forums

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Still time to buy gold imo.

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08-19-2011 , 06:52 AM

#4276

soon2bepro

banned

Join Date: Jan 2006 Posts: 3,280

1874

08-19-2011 , 09:15 AM

#4277

Borodog

Enemy of the State

Join Date: Jan 2004 Posts: 25,491

Swongs are crazy right now.

08-19-2011 , 09:24 AM

#4278

Nonfiction

Carpal \'Tunnel

Join Date: Aug 2006 Posts: 12,498

Silver up almost 2 bucks too

08-19-2011 , 09:59 AM

#4279

nineinchal

banned

Join Date: Jan 2006 Posts: 5,616

Quote:

Originally Posted by Borodog

Swongs are crazy right now.

Stay on vacation Mr. President...

08-19-2011 , 10:05 AM

#4280

wiper

still catching up

Join Date: Oct 2005 Posts: 42,897

woke up early today, went to the garden and picked a head of cabbage, some lettuce, a couple peppers and an onion and made a fantastic breakfast salad.

bout to hop in the shower and go to the coin shop and spend some 'found' monies.

on the way home, stopping at the butcher's for some nice, thick steaks.

later tonight, our two best friends are coming over for drinks and a fire.

great day.

08-19-2011 , 10:25 AM

#4281

TimM

Carpal \'Tunnel

Join Date: Jan 2004 Posts: 9,766

Quote:

Originally Posted by wiper

great day.

http://www.youtube.com/watch?v=QWfbGGZE07M

08-19-2011 , 11:53 AM

#4282

Pot Odds RAC

Pooh-Bah

Join Date: Nov 2007 Posts: 4,390

Quote:

Originally Posted by TCE

100 grand or $100,000 was my guess. Either way, that's a lot of metal.

At first I thought it was 100 Grams and I was thinking that isn't much. Even $100K of Silver is only about 2500 ounces. Significant but not completely unmanageable

08-19-2011 , 12:21 PM

#4283

NameOnTheCake

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 19,597

i h8 u guyz

08-19-2011 , 12:35 PM

#4284

Pride of Cucamonga

adept

Join Date: Dec 2008 Posts: 1,150

Quote:

Originally Posted by Pot Odds RAC

At first I thought it was 100 Grams and I was thinking that isn't much. Even $100K of Silver is only about 2500 ounces. Significant but not completely unmanageable

yea, 100G should have been typed 100K.

Since I've never been able to buy silver AEs @ spot, at best 100K is more like 2,220 silver Eagles. 2,220 ounces = 138.75 pounds.

Again, where ya' gonna' store it if you want to take physical delivery?

08-19-2011 , 12:52 PM

#4285

Borodog

Enemy of the State

Join Date: Jan 2004 Posts: 25,491

I know a guy that keeps his silver in buckets labeled "machine parts" in his garage. His house was burglarized and the silver was not touched.

08-19-2011 , 12:53 PM

#4286

ErikTheDread

Carpal \'Tunnel

Join Date: Nov 2006 Posts: 9,124

"Gold Set for Longest Weekly Rally Since April 2007"

Longest weekly? What does that even mean?

headscratching.jpg

08-19-2011 , 01:18 PM

#4287

TCE

centurion

Join Date: Aug 2011 Posts: 120

Quote:

Originally Posted by Borodog

I know a guy that keeps his silver in buckets labeled "machine parts" in his garage. His house was burglarized and the silver was not touched.

Haha, very nice. I know a guy who keeps money in an old sauerkraut can in the back of his fridge.

08-19-2011 , 01:27 PM

#4288

nineinchal

banned

Join Date: Jan 2006 Posts: 5,616

Quote:

Originally Posted by TCE

Haha, very nice. I know a guy who keeps money in an old sauerkraut can in the back of his fridge.

I wouldn't want to risk gold poisoning...

08-19-2011 , 01:39 PM

#4289

wiper

still catching up

Join Date: Oct 2005 Posts: 42,897

coin shop is closed all week, dude must have taken a (well-deserved) vacation. booo.

did get the steaks though.

edit: haven't really checked ebay with the intention of buying in a while...yuck!

08-19-2011 , 02:05 PM

#4290

tolbiny

Carpal \'Tunnel

Join Date: Mar 2004 Posts: 10,448

Quote:

Originally Posted by ErikTheDread

"Gold Set for Longest Weekly Rally Since April 2007"

Longest weekly? What does that even mean?

headscratching.jpg

An up week is when the Friday close is higher than the Monday open. The streak is the consecutive number of weeks this happens.

08-19-2011 , 02:22 PM

#4291

Pot Odds RAC

Pooh-Bah

Join Date: Nov 2007 Posts: 4,390

Quote:

Originally Posted by Pride of Cucamonga

Small safe or medium safe deposit box. I just measured my small safe and it is big enough to hold 7x7x3 (147) sleeves of 20 for an easy 2940 coins.

08-19-2011 , 06:08 PM

#4292

Pride of Cucamonga

adept

Join Date: Dec 2008 Posts: 1,150

Quote:

Originally Posted by Pot Odds RAC

Small safe or medium safe deposit box. I just measured my small safe and it is big enough to hold 7x7x3 (147) sleeves of 20 for an easy 2940 coins.

uh, don't know if you've ever seen a monster box of silver, but there's no way you're gonna' store 3 - 5 of them in any normal kind of bank safety deposit box.

Yes, you could store them in a home safe. But if you were away for a long weekend and your home was broken into, how difficult would it be for a burglar to break into the safe or simply haul it off and worry about breaking into it later?

I'm with the guy who says to break your stash up and store it in lots of different places.

08-19-2011 , 06:18 PM

#4293

Jupiter0

veteran

Join Date: Sep 2009 Posts: 2,470

Quote:

Originally Posted by fanmail

This seems like a classic parabolic run here, and it feels like a major top is coming fairly soon.

If there were consecutive runaway gaps yeah maybe. None of those now. And does a major top NOW fundamentally make any sense?

08-19-2011 , 06:37 PM

#4294

carrickVMW

newbie

Join Date: Aug 2011 Posts: 45

For the UK people what are the best ways to get physical bullion gold and silver? Edit: I would like to spend around £15k, so whatever the best way to get in not too far over spot that would allow.

Cheers

Last edited by carrickVMW; 08-19-2011 at 07:02 PM.

08-19-2011 , 08:47 PM

#4295

nineinchal

banned

Join Date: Jan 2006 Posts: 5,616

Quote:

Originally Posted by Jupiter0

If there were consecutive runaway gaps yeah maybe. None of those now. And does a major top NOW fundamentally make any sense?

This why I look at the chart people and dismiss them immediately...

08-19-2011 , 08:57 PM

#4296

RadioActive1

veteran

Join Date: Oct 2005 Posts: 2,973

100K in silver wouldn't take up much space but damn it would be heavy

08-20-2011 , 08:17 AM

#4297

LirvA

banned

Join Date: Sep 2007 Posts: 43,574

I have a question about gold spot price

Any given price, like right now gold is in the 18 hundreds per ounce. Does this assume the gold is 24 karat or what? Obviously an ounce of 24 karat bullion is going to be worth more than an ounce of 22 karat.

08-20-2011 , 09:02 AM

#4298

GuvnorJimmy

banned

Join Date: Jun 2009 Posts: 641

Quote:

Originally Posted by carrickVMW

Go to Baird and Co. They are the best bar none.

08-20-2011 , 09:03 AM

#4299

GuvnorJimmy

banned

Join Date: Jun 2009 Posts: 641

Quote:

Originally Posted by LirvA

Yes it assumes 24k. If you want to find out how to calculate the price of less than 24k, just google it.

08-20-2011 , 01:03 PM

#4300

Borodog

Enemy of the State

Join Date: Jan 2004 Posts: 25,491

Quote:

Originally Posted by LirvA

Be careful. Some coins are 1oz gold coins @ 22k (or whatever) and it does not mean they contain less than 1 oz of gold; it means they are 1 oz of gold alloyed with a small amount of other metals like copper and silver. Krugerrands and American Eagles are like this. Krugs are alloyed with copper only IIRC, while Eagles are alloyed with silver (3%) and copper (5 1/3 %), but both 1oz coins contain a full troy ounce of gold.

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