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LL Moonmanhead
Joined: 21 Mar 2005
Location: yo momma
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 Posted: Mon Dec 06, 2010 8:37 pm Post subject: Precious metals |
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Who here owns any precious metals? Ag, Au, Pt, Pd, etc etc.
How about making an informal little group of PM enthusiasts? It could be benefical to us all, if you catch my drift.  |
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mike in brasil
Joined: 09 Jun 2003
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| Posted: Mon Dec 06, 2010 9:04 pm Post subject: |
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PMs are on fire!
Over the next 3-4 years I hope to see gold and silver double from present levels~ |
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LL Moonmanhead
Joined: 21 Mar 2005
Location: yo momma
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| Posted: Mon Dec 06, 2010 9:05 pm Post subject: |
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| mike in brasil wrote: |
PMs are on fire!
Over the next 3-4 years I hope to see gold and silver double from present levels~ |
I hear you!
What do you hold? |
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mike in brasil
Joined: 09 Jun 2003
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| Posted: Mon Dec 06, 2010 9:09 pm Post subject: |
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I got all four.
I'd expect a pull back here/soon though.... |
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LL Moonmanhead
Joined: 21 Mar 2005
Location: yo momma
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| Posted: Mon Dec 06, 2010 9:12 pm Post subject: |
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| mike in brasil wrote: |
I got all four.
I'd expect a pull back here/soon though.... |
You hold platinum and palladium?? Coins? Would you care to part with any? Can't find palladium anywhere here. Platinum too. |
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LL Moonmanhead
Joined: 21 Mar 2005
Location: yo momma
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| Posted: Tue Dec 07, 2010 3:03 am Post subject: |
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| bump. |
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tgrear2008
Joined: 14 Apr 2010
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| Posted: Tue Dec 07, 2010 5:32 am Post subject: |
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| Can silver coins be purchased here in Seoul...well I'm sure they can, but where? I just want 1oz clean silver rounds. |
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Capo
Joined: 09 Sep 2007
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| Posted: Tue Dec 07, 2010 10:35 pm Post subject: |
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| My mining stocks a are mainly in gold. Another record high yesterday still see further to go with bernake already talking about QE3. |
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mike in brasil
Joined: 09 Jun 2003
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| Posted: Wed Dec 08, 2010 11:07 am Post subject: |
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| For coins I've always gone with kitco.com and never had a problem. |
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creeper1
Joined: 30 Jan 2007
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| Posted: Wed Dec 08, 2010 3:40 pm Post subject: |
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| Bernanke will do QE3, QE4, QE5 and QE6. IT's the only thing he knows how to do. He is quoted as saying he will throw money from helicopters. Pity the saver who holds cash or has a bank account with a real intrest rate of 0%. |
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Poker
Joined: 16 Jan 2010
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| Posted: Wed Dec 08, 2010 5:27 pm Post subject: |
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| creeper1 wrote: |
| Bernanke will do QE3, QE4, QE5 and QE6. IT's the only thing he knows how to do. He is quoted as saying he will throw money from helicopters. Pity the saver who holds cash or has a bank account with a real intrest rate of 0%. |
Thats only if one saves his money in US dollars. |
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austrian123
Joined: 15 Oct 2010
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| Posted: Wed Dec 08, 2010 9:12 pm Post subject: |
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| Poker wrote: |
| creeper1 wrote: |
| Bernanke will do QE3, QE4, QE5 and QE6. IT's the only thing he knows how to do. He is quoted as saying he will throw money from helicopters. Pity the saver who holds cash or has a bank account with a real intrest rate of 0%. |
Thats only if one saves his money in US dollars. |
Wrong. Gold and silver have been moving up against all major currencies over the last 10 years. However because there tends to be an inverse relationship between gold and the dollar and because gold is priced in us dollars, gold and silver is going up at a faster rate against the us dollar compared to other major currencies. |
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Poker
Joined: 16 Jan 2010
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| Posted: Wed Dec 08, 2010 11:41 pm Post subject: |
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| austrian123 wrote: |
| Poker wrote: |
| creeper1 wrote: |
| Bernanke will do QE3, QE4, QE5 and QE6. IT's the only thing he knows how to do. He is quoted as saying he will throw money from helicopters. Pity the saver who holds cash or has a bank account with a real intrest rate of 0%. |
Thats only if one saves his money in US dollars. |
Wrong. Gold and silver have been moving up against all major currencies over the last 10 years. However because there tends to be an inverse relationship between gold and the dollar and because gold is priced in us dollars, gold and silver is going up at a faster rate against the us dollar compared to other major currencies. |
I wasn't talking about how gold/silver are moving up or down. Read what I quoted from creeper1. Because of America's QE3,4,5,6,7,8,9 etc one's savings are affected if it's in US dollars. I am not talkng about what is a better investment option. |
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Reggie
Joined: 21 Sep 2009
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| Posted: Sat Dec 11, 2010 8:30 pm Post subject: |
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| Poker wrote: |
| creeper1 wrote: |
| Bernanke will do QE3, QE4, QE5 and QE6. IT's the only thing he knows how to do. He is quoted as saying he will throw money from helicopters. Pity the saver who holds cash or has a bank account with a real intrest rate of 0%. |
Thats only if one saves his money in US dollars. |
The thing is, other countries are devaluing their currencies at a rate approximately equal to the devaluation of the dollar in order to maintain their exports. This is certainly the case with South Korea. |
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Poker
Joined: 16 Jan 2010
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| Posted: Sat Dec 11, 2010 9:01 pm Post subject: |
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| That may be true for some export driven countries, but it's certainly not the case with the stronger currencies, Australia, Singapore etc. |
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