^^^
the store i buy my coins from is called Arcade Coins and is located at Yonge and King in downtown toronto. you could phone them, and they might be able to put in an order from you if you're looking for a larger amount. it's a family run business and they seem like nice and honest people, so they could probably help you out or point you in the right direction. they've also been in business a really long time... since the 60s or something like that.

Isn't these kinds of things pretty predictable? It's pretty obvious when stocks are in danger of being delisted. Or am I missing something else?

Yeah, it's a big deal.

Thanks a million... will look into this.

plowking,

It's possible that Jim Rogers was trying to hold Euro as a way to diversify away from the US dollar. His thesis was that the EU wouldn't be as stupid as the USA in bailing out irresponsible people. However, the 700 billion Euro bailout proved him wrong.

He has a very large amount of wealth to protect and it becomes difficult to protect that much wealth (I would like to have the same problem ). Remember the incident where he criticized the British pound and it caused a frenzy in the FX markets. So he does have an interest in "talking up" the Euro so he can sell his holdings in that currency for a smaller loss or possibly a gain. Recently, he has been talking up a possible short squeeze in the Euro. That would provide the ideal situation for him to unwind that Euro position. He could jump into something else like Singapore Dollars or Swiss Francs, if he thought they were "safer" currencies.

It's not so much criticism of him as an investor. However, he does have to make a number educated guesses on where to put his money. Diversification for a big player like him can be a lot more difficult than smaller players (like us).

Monday, right as the spot price found an all-time high of $1,265. Last week, SAMA, the shady Saudi sovereign wealth fund, held 143 tons of gold. Today it's 322 tons!

The Saudis gave little explanation other than a humble “adjustment of the SAMA’s gold accounts.” Heh, a double, that’s some adjustment.

China did the same thing roughly a year ago. Having not reported its gold holdings in years, the Chinese quietly announced they were holding in excess of 1,000 tons of the metal, double what the world expected.

I wonder why countries like SA and China report the change in their gold holdings. I would think if they're bullish on gold they would want to keep that secret to keep gold undervalued. It's not like they're forced to do this by law as totalitarian states

first off... i don't think that Rogers ever says anything in his interviews to just talk up his own positions... i think he is being honest when he gives interviews.

but Rogers thought that Europe would paper the crisis over (which they did). So even though Rogers understands that this massive bailout will fundamentally weaken the currency, he thought that it would make the Euro rally anyways, at least in the short term, because it would stop this immediate crisis. But for once, the market seemed to react correctly to the bailout and people recognized that the bailout fundamentally weakened the Euro and the Euro sold off even more. So Rogers was correct that they were going to paper the crisis over. but Rogers was incorrect in thinking that this would make the Euro rally in the short run, despite the fact that it is very negative for the currency overall. The other main reason he bought the Euro is that it sold off so much, and there were so many people who were bearish on the Euro, that Rogers like to take the contrarian position when everyone lines up one side of a trade. i personally think that Rogers will end up being right, and that we will see a rebound in the Euro at some point soon... and Rogers just bought his Euros a little too early. He always tells people that he's the worst short term market timer... and he obviously missed the bottom, but in a few months, the Euro could still be higher than where he was buying it at.

also, i'm pretty sure Rogers already owns a lot of Singapore dollars (since he lives there now) as well as Swiss Francs... he was just buying Euros a couple months ago to try to make a shorter term trade and make a bit of profit off the rebound in the currency. he saw the Euro sell off, he saw everyone line up together making bets against the Euro, so he figured he would take the other side and go long.

They have very little gold holdings as a percentage of their reserves compared to other major nations.

SA and China were below 1:50 gold:reserves which is very low.

Attitudes are changing and sovereigns are starting to realize they need gold. It's importance has been rekindled in a way.

For example:

Nearly a quarter of central banks believe gold will become the most important reserve asset in the next 25 years, according to an annual poll by UBS.

The result highlights the sea-change in attitudes in the official sector towards the yellow metal.

For two decades, central banks were net sellers of gold but that trend has reversed as central banks in Europe are scaling down their sales and others, such as China, India and Russia, are making significant purchases.

Asked what the most important reserve asset would be in 25 years, about half of officials polled by UBS said the US dollar but 22 per cent pointed to gold.

Bullion was the second most popular response, well above others such as Asian currencies or the euro.

what do you guys think about silver @ 18.50? i think its a screaming buy at anything under 20

gld/silver ratio is at 67 to 1 compared to the historical ratio of 15/1


what am i missing?


and yeah people will say "silv is an industrial metal" but its main industrial use is in modern technology devices....cell phones, laptops, etc....i feel like even in a worsening global economy demand for modern technology will stay strong

and just like gld its the ultimate form of money, the ultimate form of money being precious metals

Short term, plenty of support just below $17.50 and MAJOR resistance above $19.50. Daily RSI just over 50, (45 is a big buy signal in this climate) not sure this is the best just based on the GSR being high.

What you may be missing is that the we have entered another phase of worldwide currency printing... which is, but of course, inflationary. In times of monetary deflation the gold to silver ratio (or GSR) is lower and in times of monetary inflation the GSR is typically higher.





Long term, silver will gain traction behind gold and will be in physical short squeeze (this decade) if investment demand goes ape sh**.

http://business.financialpost.com/20...credit-suisse/

Gold to $1300 by 2014, possibly the worst and most ineffectual piece of garbage I have ever read on the internet.

When you are hitting all time highs, (which is what was happening when Credit Suisse was revising their report) there is no resistance, there is only support.

$1300 by 2014... I assume with projections like these Credit Suisse is going to lose at lot of money on the short side, or is intentionally misleading.

3.5% gain for the next 40+ months Jesus, people are gullible.

This thread is a little overwhelming for me (and long)

Really I want to ask a simple hypothetical....

If you had about 5 thousand dollars cash that you didn't plan to use at all for the next 5 years, really If ever (retirement / backup busto money)

Would gold or silver "bullion" be a good way to go to prevent the inevitable value decrease from inflation over te years

I'm assuming the answer is yes... Where can One buy something like that in person ??

Not on the internet

i would go to one of those cash for gold conventions where people bring in gold and get ripped off bigtime by the buying company. then just stand next to the table, and after they make some paltry offer to some middle-aged dumb ho for her gold, you just say, "i'll give you $50 more." then after they kick you out, just buy the gold from her in the parking lot.

Lol I was thinking about doing that in the mall... I see those stands now

Hah funny we ha the same rediculous thought... But the more I think of it the less rediculous it seems... They probably couldn't even kick me outta the mall

Bullion dealers, coin stores etc.

What city?

I travel alot... Miami new York new orleans would all be fine .... Are the prices all standard when buyin from these places ????

Doubling as a store of value for buyers concerned about the economy and as an industrial material for those bullish on growth, silver is outperforming metals from copper to zinc this year and keeping pace with gold. It will rise as much as 15 percent to $22 an ounce before December, from $19.135 today, according to Daniel Brebner, an analyst at Deutsche Bank AG whose fourth-quarter outlook was accurate to within 0.7 percent.

Other portions to note:

Prices are fairly consistent but the spread varies greatly. You really want to get a few quotes, ask what percentage above the spot price they sell certain bullion items at. That would be a good start if you don't want to use the internet to buy.

Can u use more lamen terms

The spread varies greatly... Above mark would basically be the price of sale.... And then when it comes time for me to sell what % of market price will I get ( considering I'm not a dealer)

I know it varies ... But gimme general numbers

like when buying a house there are general numbers you pay at buying and selling

Also generally speaking, over a 10 year span the value of 1k in cash under your matress
ecomes worth ????

1k in gold ????

General expectation numbers , I understand variance and such ... But gimme a general idea , I'm very uneducated on the matter (obviously)

over 10 yr value of this 1k cash will be eroded by inflation (say it eats up 3% a yr). future value is basically going to be whatever it earns for period of time (10 yrs) and you are not getting any interest stashing it under the mattress, right?

gold and the $ are inversely correlated (weak $ = typically means higher gold price and v.v.). gold is a hedge against inflation, crises/conflicts etc. so 1k in cash surely won't equal 1k in gold.

Just a random aside, how would one carry gold bullion on a flight? A coin or two would probably be fine, but how would one explain carrying tens of thousands in gold through security?