I'm not sure if you're being sarcastic or not here...

I agree with you that it is a brilliant plan... and also a very evil plan... and they sure as hell are going to make a ton of money doing it in the long run...

Thanks for the interesting read... silver must have something that rai stones lack -- since silver has been used for the last 6000 years and these don't seem to have lasted quite so long

http://www.gold-eagle.com/editorials...r062001pv.html

This is a 1927-1933 Chart of Pompous Prognosticators

The gold standard did such great things for post crash recovery didn't it!

Could you be any more vague with your one liners?

If you're trying to say that the 1933 gold confiscation by FDR hindered recovery to some extent, I could agree with that statement...

http://en.wikipedia.org/wiki/Executive_Order_6102

I suppose you can't imagine having your real money confiscated and replaced with monopoly money since you've used monopoly money your whole life and it's all you know. Another very unfortunate effect of this confiscation was that it magnified the federal reserves power to astronomical levels; thus allowing them to fund both sides of hitler's crusade.

Man you are so crazy it hurts

"Before 1933 the people themselves had an effective way to demand economy. Before 1933, whenever the people became disturbed over Federal spending, they could redeem their paper currency in gold, and wait for common sense to return to Washington."
- Howard Buffett, father of Wall Street legend Warren Buffett

that is the best rebuttal I've ever seen, congrats

I don' see how your post has any relevance... why would I waste time trying to "rebut" your points... you can't even make a coherent argument to begin with...

Sure nobody got caught with any gold coins BECAUSE 10 years in jail is a very harsh punishment... they either turned them in like sheeple or hid them real well...

I bet if they made a new law that anyone found with gold got 10 years minumum in jail and a 1.5M$ fine ( which might as well be the death penalty in a lot of cases because our prisons are so bad...) then not very many people would get caught possessing gold... sometimes just the threat of the law is enough without having to make an example of a bunch of people...

Also the bigger more significant part of the law was that people obviously could no longer go trade in their paper money for gold any more... having to turn in your gold in the first place was bad, but nowhere near as bad as never being able to obtain gold again... (except through considerable risk on the black marke of course for double the price the govt jus paid)

So you concede no gold was confiscated?

does that make it 'ok' that the law was passed?


Would it be ok if Congress passed a law stating "government officials can come and stay in your house and eat your food and **** your daughter. Failure to comply results in 10yrs incarceration." as long as there was only 1 occurrence of someone being incarcerated?

how can people be so compliant with government infringing on personal liberties.

That law was passed at a time that blacks couldnt drink from the same water fountain as whites in half the country. Probably a better example.

and gays still can't get married in most states...

Its not exactly "the great gold confiscation" if not gold was confiscated is it? Thats my point, he's misrepresenting what happened in order to paint a portrait that the government is going to come to get him one day. The fact that even with a law the government never went to 'get' anyone shows you how moronic it is to use it as an example of 'gold confiscation'.

Obviously the law was ******ed but I'm pretty sure I can make up any boogie men for any situation I want since most states have defunct laws that were rarely prosecuted for.

Like oral sex as a prosecutorial crime.

that is ridiculous. how far will you stretch to justify this garbage. do you realize it is people like you who are making it easy for the government to continue to strip personal liberties from US citizens? it was the redneck racists who enabled Bush to get away with it..."hey we don't want no towel heads in this here country anyway...course we're gonna go kick some Iracky asss".



how would you feel if the above read:

or god forbid...

CIA plants to make Austrains and gold bugs look bad ITT

http://www.aclu.org/privacy/spying/a...nfreezone.html

I drove through a few of these military checkpoints recently... peed my pants a little bit, i won't lie. Luckily we didn't get searched... not sure what we would have done if they wanted to search us... anyone else drive through these military checkpoints regularly? A few of my friends have to drive through them every day on the way to work... they get searched about 1/5 times they say... only delays them about 10 minutes each way if they don't get searched... but often times they are delayed an hour or more twice per week while their car gets torn apart...

I almost peed my pants because I had highly terroristic material in the car such as books, copies of the constitution, and other things I dare not mention on here

In 1933 approximately 500 tonnes of gold were turned in to the Treasury "voluntarily" at the exchange rate of $20.67 per troy ounce.

how can you say that no gold was confiscated? they made it the law to turn in your gold... so most people turned in their gold... therefore, lots of gold was confiscated in 1933.

What's truly hilarious about this thread is that for all the endless ridicule that inf0wars has taken in stride, there have been very few solid criticisms of his actual arguments. If he's such a nutjob then poke holes in his arguments; don't handwave and claim that rebutting him is somehow beneath you because his position is so "obviously" flawed like a bunch of sniveling little b!tches.

im looking to buy around £20ks worth of gold and silver, from infowars advice it would be mainly coins, but with a few larger bars.

i got this email from the dealer:

gold was approx £605/oz at time of quote:

COINS
Description Price £
FULL SOVEREIGNS
Queen Elizabeth II Sovereign 2009 £185
Queen Elizabeth II Sovereign 2000-2008 £185
Queen Elizabeth II Sovereign 1957-1982 £162
King George V Sovereign £162
King Edward VII Sovereign £162
Queen Victoria Widow Head Sovereign £162
Queen Victoria Jubilee Head Sovereign £162
Queen Victoria Young Head Sovereign £169
Queen Victoria Shield Back Sovereign £185
HALF SOVEREIGNS
Queen Elizabeth II HALF Sovereign 2009 £100
Queen Elizabeth II HALF Sovereign £100
King George V HALF Sovereign £90
King Edward VII HALF Sovereign £90
Queen Victoria Widow Head HALF Sovereign £95
Queen Victoria Jubilee Head HALF Sovereign £100
Queen Victoria Young Head HALF Sovereign £110 upwards

KRUGERRANDS
S.A Krugerrand 1oz

S.A Krugerrand 1/2oz £350
S.A Krugerrand 1/4oz £185
S.A Krugerrand 1/10oz £80

Maple Leaf 1oz £686
Britannia 1oz, 2009 £686
Britannia ½ onz £350
Britannia ¼ onz £185
Britannia 1/10 onz £80
USA Eagle 1oz £686

BARS

Description Price £
GOLD BARS
1 KILO £20470
500gm Price on Request
100gm £2155
50gm £1090
1oz £687
20gm £460
10gm £235
5gm £120
SILVER BARS
1 KILO £370
500gm N/A
250gm N/A
100gm N/A



so im looking at 12% to 20% premium based on going for 1oz to 1/4oz

is this way too high?

thanks for thoughts

john

john: check the current prices on ebay and/or a site like http://www.apmex.com/

but premiums are pretty high in general.... and 10% isn't too unreasonable, but it's a bit high. my advice would be to stick to coins like maple leafs, kougerands, and bullion bars.

20% premium is way too high for basic 1oz gold coins... but the older coins (like $20 gold pieces) would be a steal at a 20% premium. so for the average investor, i would stick to low premium, modern issue gold coins or bars.

China increasing its gold reserves:

http://online.wsj.com/article/BT-CO-...24-712749.html

People were pretty broke in 1933 so I hear.

Do you have any evidence that people were forced to hand in gold kicking and screaming? Since no one was prosecuted for gold hoarding, the law by itself doesn't prove anything. You're engaging in speculation when you say there was coercion in the gold buy back to force people to give up what they didn't want to.

I don't know what the answer is and I'm merely going by the evidence meditate has presented. Do you have anything more substantial, perhaps some kind of academic history report about the era that would clarify exactly what happened?

OK this thread has taken a ******ed turn. I'd like to get some advice please.

I am the son of blue collar workers, first to graduate college let alone graduate school. My investment history is a bit scattered. I prefer to operate on a cash basis and haven't had but one personal checking account in my entire life which I use when I have to. I normally operate on cash.

In the late 90s, I was a butcher at a small rural retail shop. I made a ****load (to me anyway at the time, upper 5 figs.) buying individual stocks in my Ameritrade account and holding for days or weeks. I was able to sell and pay for law school with my stock market earnings. If I had sold 10 mos later, I would have been bathed in the tech meltdown. During and after law school, I bought and held silver and gold, which I have in my safe next to my guns.

I've started to come into money again, and physical gold and silver is hard to come by at a decent price. What should I buy now? I'm comfortable with a lot of risk and will entertain foreign investment, but I really have not too much clue what to do with the money. I've been very lucky timing the market, by sheer accident, for the last 15 years. I do not want to part with my precious metals. I see it as a hedge against Armageddon and while I don't think it will happen, the chance is non-zero and I don't want to be unprepared.

So, BFI, what to get into next? I am posting in the alt. investment thread because I don't trust anyone, and neither do any of my fellow wackos. What's my play? I'm thinking Lonnie deals on MH's.