There is no such a thing as broken jewelery , jewelery is worth what metals it is made of , it does not matter if it is broken or not , if it is made of gold it is worth the gold it is made of .Do not let anybody fool you that your broken jewelery is worth less just because it is broken . Before I found out about gold and silver, I had the false belief that selling gold is a good idea. Now it is clear to me that such a move is foolish. Gold and silver are awesome! I will never sell my gold and silver at these prices and certainly not against paper money ...I will eventually trade my gold and silver in the future for real estate or farm land or food or weapon it will all depend on the boom bust cycle and what's the hot commodity at that time ....
These guys they get paid for their work with profits on the "spread", i.e. the difference between their buy and sell prices. With that money the pay their living expenses. Whatever they can save, they use to buy gold and silver for themselves.The honest ones are no different from you and I. There are crooks in every occupation, but coin dealers and precious metals dealers are infinitely more honest than bankers who loan electronic money they don't have, and print money backed by nothing.
See a lot of that silver that used to get thrown out, now gets recycled. Heck there are people who will buy old computers and electrical equipment because the cost of their precious metals now make them worth salvaging.
The main reason for the spike of the price of gold, is it's use in microprocessors and other high expense electronic components. Though silver is a better electrical conductor than gold, it tarnishes too quickly to be used in long lived products
Sunday, June 5, 2011
A Marines Disquisition - June 2, 2011
Bob Chapman : we had pressure on the stock market it is going down like a blade , people are going out of stocks into bonds , the FED keeping interest rates low , we gonna have more wars besides the 3 or 4 we are already in , only safe to be is gold and silver related assets ,we may have riots i America just like what's happening in the middle east and Europe
Saturday, June 4, 2011
Hugo Salinas : Silver in the hands of the people
Silver in the hands of the people Silver as Money : Summary of the lecture given by Hugo Salinas vice President of the Mexican Civic Association for Silver in January 2011," How to monetize silver so that it can circulate permanently in parallel with paper and digital money" the last bubble is world's currencies , all currencies in the world are fiat currencies and they are all derivatives of the dollar , which is itself nothing but a piece of paper ,The silver coins will outlast any central bank
The first conditions to monetize one ounce coin silver are :
The coin shall not bear an engraved monetary value.
The Treasury will attribute a quote, a monetary value in pounds to the ounce.
The quote will serve the same function as an engraved value.
when the coin has an engraved value it's condemned to go out of circulation
The last monetary quote given to the ounce by the issuer must not be reducible.
Just as is the condition of present British pound coins and bank notes.
If the quote is allowed to fluctuate in value downward, according to the price of silver, then the ounce will not be currency: it will continue existing as a commodity
Silver money will remain permanently in circulation and will never be at risk of disappearing due to a collapse of the banking system.They should scrap the national debt of all countries, let the banks swallow the losses they created through an illegal money system, and implement this new money system. With NO options!
Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.
H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
The first conditions to monetize one ounce coin silver are :
The coin shall not bear an engraved monetary value.
The Treasury will attribute a quote, a monetary value in pounds to the ounce.
The quote will serve the same function as an engraved value.
when the coin has an engraved value it's condemned to go out of circulation
The last monetary quote given to the ounce by the issuer must not be reducible.
Just as is the condition of present British pound coins and bank notes.
If the quote is allowed to fluctuate in value downward, according to the price of silver, then the ounce will not be currency: it will continue existing as a commodity
Silver money will remain permanently in circulation and will never be at risk of disappearing due to a collapse of the banking system.They should scrap the national debt of all countries, let the banks swallow the losses they created through an illegal money system, and implement this new money system. With NO options!
Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.
H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
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