Monday, August 22, 2011

Scrap Silver

This is a clip of about 2 weeks of buying scrap silver. I advertised in the newspapers and internet that i was having a silver recall and needed silver. I was able to get Flatware Sets, Scrap SIlver Jewelry, Coins, and Bars, 300 ounces is worth almost $10,000!!!  you can get most of them under spot?

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Gold Breaks yet another record today above $1900/oz

Gold is now a whisker away from reaching the psychological threshold of $ 2,000 an ounce. The yellow metal for immediate delivery has, in fact, updated once again its all-time high in the Asian markets reaching the value of $ 1,894.80.Gold could just shoot up to 2000, yet I believe gold will have a pull back before going after 2000. The dollar used to be the safe haven currency. But the dollar has been replaced with gold .I think most people buying gold (physical) after 2008 bought it not as a commodity, but as a store of value. So why should these people suddenly consider to sell it? Maybe paper will be sold off to get physical instead, than the "official" price will drop (maybe even to $100) but you will not be capable to get any gold at all. Even at $5000 I would not sell mine. What should I do with the money, just put it into an account? Buy stocks? I am already loaded with stocks, more than i like...

Ben Davies: Gold price soon to exceed $2,000 per ounce

Ben Davies (hindecapital.com) and James Turk, Director of the GoldMoney Foundation, talk about the Gold outlook in the light of the Fiat currency debasement by central banks worldwide . They see gold breaking the $2,000 barrier this year and moving exponentially. Ben Davies explains that he uses a power-function model to analyze the price of gold, based on Benford's law.


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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