Buy Gold and Silver - Page 101

georgesmiley · 03-03-2011, 05:22 PM

Is Goldmoney.com a good place to buy and store PM's? Is the metal there or is just "paper" metal?

Im considering silver at first (if we buy and store there I understand that we dont have to pay VAT on the silver in the UK) is that right?

nirvanix · 03-03-2011, 11:31 PM

I believe everyone should have 6 months to a year of food/water stored first, then buy your gold and silver. I don't want to sound hysterical because I'm not, but I do expect a rough ride for a couple of years, not only with the economies of the world, but with weather/earthquakes too. Just look at what's happened in Oz/NZ in the last few months. Some of us may have our electrical grid knocked out for some time. For me the gold and silver are a store of value that I'm hoping to trade with in any conditions, but you can certainly trade with food/tools/skills etc.

cont · 04-03-2011, 12:40 AM

Quote:

Originally Posted by nirvanix

I believe everyone should have 6 months to a year of food/water stored first, then buy your gold and silver.

What does 6 months supply of water look like? That is surely impractical, unless you live on a farm and own a barn to put it in. Likewise, a reserve of petrol prior to the price hike - there's nowhere to put it, and plastic containers storage costs £1 per litre. If the petrol price doubled, you wouldn't save any money, and that's for a tiny amount of fuel!

I've bought a few weeks reserve of rice/pasta, and some tinned fish but I think there's only so much one can do.

What about spread betting, a tax-free way to take advantage of the silver market (particularly with the JP Morgan manipulation... i.e. buy the dips)? Considering IG and Finspread (can stake as small as 10p per pip for 8 weeks starter). Very easy to lose more than your stake for a single trade spread betting so perhaps not advisable doing anything other than going long on physical possession. On the other hand, you could use profits to buy extra silver.

trigger_andy · 04-03-2011, 06:56 AM

Funny you should mention fuel Cont. I just bought a few Jerry Cans and put away 100ltrs of Petrol in the Cellar. Not much but it could help in the future.

icke_is_right · 04-03-2011, 07:31 AM

http://harveyorgan.blogspot.com/

As many know there are a group of ex Morgan traders who decided to take on Blythe Masters and JPMorgan by standing for delivery but then asking for a huge fiat premium. We have now heard from one trader who also is a reader of my blog. The name given to the ex traders is "Wynter_Benton:

Here is what is posted by Louis Cypher:

"Wynter_Benton update on their recent raid
With permission, I can update the results of our raid. It was successful beyond imagination but that "success" has spawned even more questions about the price of paper silver going forward. It was reported by SGS that he heard that on Friday Blythe was offering 30-50 percent premium and that at least 4500 hundred contracts will stand for delivery. I am here to give you a more accurate update (and a first hand account of what happened on Friday Feb 25). Our group was detemined to stand for delivery going into Monday because we were not going to take a 30 percent premium on a price of $33.50. It was reported that Blythe offered 50 percent premium. That was not even close in our case. We got over 80 percent premium. That's right. Over $50 per contract on the condition that our group sell all our contracts. Our counterparty even threatened us with the ghost of Herstatt. They openly admitted that they could not deliver even 20 million ounces to us but that if we stood for delivery they would be sure that they make delivery to everyone else before they defaulted on us which would make us 'unsecured creditors'. They told us directly that they could not allow even 5000 contracts to stand for delivery because they could not deliver a mere 20 million ounces. Like Vito Corleone said, "I'm gonna make him an offer he can't refuse." And indeed we did not refuse as this was our intention all along.

These sets of facts from our traders lead us to believe that the paper price of silver may have a difficult time surpassing $36 because if the counterparty at the Comex is so willing to pay north of $50 to dissuade people from standing for delivery yet the paper price of silver is still under $35, then we suspect that losses triggered by derivatives is the main reason for the price suppression of silver. We can see no reason why they would not allow the paper price to go up yet are so glad to pay off the comex contracts to show the world that so few are standing for delivery. In our mind, Comex could default with if as little as 4,000 contracts stood for delivery. We are very curious to see how high the paper price of silver actually trades during this run.
Posted by Louis Cypher"

icke_is_right · 04-03-2011, 07:36 AM

Quote:

Originally Posted by georgesmiley

Is Goldmoney.com a good place to buy and store PM's? Is the metal there or is just "paper" metal?

Im considering silver at first (if we buy and store there I understand that we dont have to pay VAT on the silver in the UK) is that right?

Run by James Turk, who has long highlighted the manipulation of the metals with www.gata.org. Their metal bars are checked with the latest tech, they are outside the banking system. It's the next best thing to taking delivery

You get a choice of where you want to store your metal, I'd choose Switzerland for this purpose, not London.

georgesmiley · 04-03-2011, 07:47 AM

Thanks Icke is Right

Can you elaborate on why Switzerland?

icke_is_right · 04-03-2011, 08:27 AM

Quote:

Originally Posted by georgesmiley

Thanks Icke is Right

Can you elaborate on why Switzerland?

The manipulation is run out of London and it looks like the cupboards of silver are going to take a hit there first. They are taking the UK and the USA down. What are they going to do when gold/silver run out? They will probably try and commandeer some more from other people's locals stores! Switzerland is a bit further away, they have guns and they are in the hills

. They are the closest thing to a democracy that I know of. It's just an opinion.....

If Comex soon explodes, I don't think that the VAT you pay today will be a huge problem but it's still nasty all the same.

kasalt · 04-03-2011, 05:08 PM

Quote:

Originally Posted by icke_is_right

The manipulation is run out of London and it looks like the cupboards of silver are going to take a hit there first. They are taking the UK and the USA down. What are they going to do when gold/silver run out? They will probably try and commandeer some more from other people's locals stores! Switzerland is a bit further away, they have guns and they are in the hills

. They are the closest thing to a democracy that I know of. It's just an opinion.....

If Comex soon explodes, I don't think that the VAT you pay today will be a huge problem but it's still nasty all the same.

Rumor has it that there isn't enough silver for delivery on the March Silver Comex. I would consider that rumor to be plausible considering the rise in silver prices. Silver may make a parabolic move higher this month.

diamond dogs · 04-03-2011, 05:34 PM

This may sound premature but have people worked out a strategy on when, how and where to sell their pm if and when the time arises?

Thee have been a few posts on here from people who cashed in and made a decent profit

and I know a couple of people are waiting to buy a property if the chance came and cash in their stache so it may sound premature but we have to weigh up all the different alternatives and options as it may not be so straightforward?

PS regarding the water supply..I beleive that the £1 stretcher shops are selling 10lt of powdered water for........£1....

icke_is_right · 04-03-2011, 05:55 PM

Quote:

Originally Posted by diamond dogs

This may sound premature but have people worked out a strategy on when, how and where to sell their pm if and when the time arises?

Thee have been a few posts on here from people who cashed in and made a decent profit

and I know a couple of people are waiting to buy a property if the chance came and cash in their stache so it may sound premature but we have to weigh up all the different alternatives and options as it may not be so straightforward?

PS regarding the water supply..I beleive that the £1 stretcher shops are selling 10lt of powdered water for........£1....

I'll be following Mike Maloney and his team on when to sell. I'll pay for his service working specifically on this. We've got a long while yet. Housing has a long way to fall (in my view) and the metals have a massive way to rise.

icke_is_right · 04-03-2011, 06:00 PM

Quote:

Originally Posted by kasalt

Rumor has it that there isn't enough silver for delivery on the March Silver Comex. I would consider that rumor to be plausible considering the rise in silver prices. Silver may make a parabolic move higher this month.

Harvey Organ is getting word that they are settling for $50 an oz silver cash instead of taking delivery. It looks like they're out of metal.

cont · 05-03-2011, 09:08 AM

Over the last five years...

US time, silver is in a bear market (down 46%)
Asian/European time silver is in a bull market (up 344%)

The Silver Log (03.01.2011) - Silver in Two different markets - YouTube

Also this - Tony Blair works for JP Morgan.

wolfhead · 05-03-2011, 05:27 PM

Quote:

Originally Posted by trigger_andy

Funny you should mention fuel Cont. I just bought a few Jerry Cans and put away 100ltrs of Petrol in the Cellar. Not much but it could help in the future.

Petrol goes sour if you store it too long. its due to the additives in it.

trigger_andy · 05-03-2011, 05:30 PM

Quote:

Originally Posted by wolfhead

Petrol goes sour if you store it too long. its due to the additives in it.

Mmmmmmm, thanks for the heads up. How long is 'safe'? Im not planning on keeping it long term, more of a rolling stock, Ill use 20l at a time and replace it.

wolfhead · 05-03-2011, 05:34 PM

Quote:

Originally Posted by trigger_andy

Mmmmmmm, thanks for the heads up. How long is 'safe'? Im not planning on keeping it long term, more of a rolling stock, Ill use 20l at a time and replace it.

Not long apparently. It says in my 'outboard motor maintenance book' that 3 months is the limit to store petrol. Dont know if diesel is a better bet?

wolfhead · 05-03-2011, 07:02 PM

THE SUPER SIMPLE CASE FOR $175 OUNCE SILVER - YouTube

georgesmiley · 05-03-2011, 08:58 PM

Interview with Adrian Douglas

Gold worth 57,000 oz - Got your attention?

I havent had time to view it and probably wont till monday but I came across it at What Really Happened.com

so you might be interested

http://sherriequestioningall.blogspo...even-more.html

icke_is_right · 05-03-2011, 09:09 PM

Quote:

Originally Posted by georgesmiley

Interview with Adrian Douglas

Gold worth 57,000 oz - Got your attention?

I havent had time to view it and probably wont till monday but I came across it at What Really Happened.com

so you might be interested

http://sherriequestioningall.blogspo...even-more.html

I've just listened to it and was about to post it. Adrian Douglas is one of the best commentators out there on the metals, if not 'the' best. You silver holders will find it riveting, I'm sure. Superb interview.

icke_is_right · 05-03-2011, 09:37 PM

Quote:

Originally Posted by wolfhead

http://www.youtube.com/watch?v=klswV...layer_embedded

Nice Vid. This mkt is so tiny, people just don't grasp it.

03-03-2011, 05:22 PM	#2001
georgesmiley Senior Member Join Date: Mar 2009 Posts: 653	Goldmoney.com Is Goldmoney.com a good place to buy and store PM's? Is the metal there or is just "paper" metal? Im considering silver at first (if we buy and store there I understand that we dont have to pay VAT on the silver in the UK) is that right?

03-03-2011, 11:31 PM	#2002
nirvanix Senior Member Join Date: Apr 2010 Posts: 476	Food and water first I believe everyone should have 6 months to a year of food/water stored first, then buy your gold and silver. I don't want to sound hysterical because I'm not, but I do expect a rough ride for a couple of years, not only with the economies of the world, but with weather/earthquakes too. Just look at what's happened in Oz/NZ in the last few months. Some of us may have our electrical grid knocked out for some time. For me the gold and silver are a store of value that I'm hoping to trade with in any conditions, but you can certainly trade with food/tools/skills etc.

04-03-2011, 07:31 AM	#2005
icke_is_right Senior Member Join Date: Feb 2008 Posts: 2,463	Comex Out of Silver http://harveyorgan.blogspot.com/ As many know there are a group of ex Morgan traders who decided to take on Blythe Masters and JPMorgan by standing for delivery but then asking for a huge fiat premium. We have now heard from one trader who also is a reader of my blog. The name given to the ex traders is "Wynter_Benton: Here is what is posted by Louis Cypher: "Wynter_Benton update on their recent raid With permission, I can update the results of our raid. It was successful beyond imagination but that "success" has spawned even more questions about the price of paper silver going forward. It was reported by SGS that he heard that on Friday Blythe was offering 30-50 percent premium and that at least 4500 hundred contracts will stand for delivery. I am here to give you a more accurate update (and a first hand account of what happened on Friday Feb 25). Our group was detemined to stand for delivery going into Monday because we were not going to take a 30 percent premium on a price of $33.50. It was reported that Blythe offered 50 percent premium. That was not even close in our case. We got over 80 percent premium. That's right. Over $50 per contract on the condition that our group sell all our contracts. Our counterparty even threatened us with the ghost of Herstatt. They openly admitted that they could not deliver even 20 million ounces to us but that if we stood for delivery they would be sure that they make delivery to everyone else before they defaulted on us which would make us 'unsecured creditors'. They told us directly that they could not allow even 5000 contracts to stand for delivery because they could not deliver a mere 20 million ounces. Like Vito Corleone said, "I'm gonna make him an offer he can't refuse." And indeed we did not refuse as this was our intention all along. These sets of facts from our traders lead us to believe that the paper price of silver may have a difficult time surpassing $36 because if the counterparty at the Comex is so willing to pay north of $50 to dissuade people from standing for delivery yet the paper price of silver is still under $35, then we suspect that losses triggered by derivatives is the main reason for the price suppression of silver. We can see no reason why they would not allow the paper price to go up yet are so glad to pay off the comex contracts to show the world that so few are standing for delivery. In our mind, Comex could default with if as little as 4,000 contracts stood for delivery. We are very curious to see how high the paper price of silver actually trades during this run. Posted by Louis Cypher" __________________ Gold $742 Silver $9.52 (at start of G/S thread Nov08') http://goldsilver.com/newsletters/newsID/8050/ We Will Win: http://www.youtube.com/watch?v=lbaemWIljeQ Focus on what you want, never give up, it will come.

04-03-2011, 05:34 PM	#2010
diamond dogs Premier Subscribers Join Date: Sep 2009 Posts: 1,789	This may sound premature but have people worked out a strategy on when, how and where to sell their pm if and when the time arises? Thee have been a few posts on here from people who cashed in and made a decent profit and I know a couple of people are waiting to buy a property if the chance came and cash in their stache so it may sound premature but we have to weigh up all the different alternatives and options as it may not be so straightforward? PS regarding the water supply..I beleive that the £1 stretcher shops are selling 10lt of powdered water for........£1.... __________________ ''Media control is still based in the main on cultural manipulation. It's just so easy to do. When you set up one set of objectives toward the public and you've given them a certain definition for each code word, you hit them with the various code words and they're not going to believe anything if you don't want them to." Bowie Last edited by diamond dogs; 04-03-2011 at 05:40 PM.

05-03-2011, 08:58 PM	#2018
georgesmiley Senior Member Join Date: Mar 2009 Posts: 653	Interview with Adrian Douglas Gold worth 57,000 oz - Got your attention? I havent had time to view it and probably wont till monday but I came across it at What Really Happened.com so you might be interested http://sherriequestioningall.blogspo...even-more.html Last edited by georgesmiley; 05-03-2011 at 08:59 PM. Reason: typos

04-03-2011, 06:56 AM	#2004
trigger_andy Banned Join Date: Dec 2010 Posts: 1,972	Funny you should mention fuel Cont. I just bought a few Jerry Cans and put away 100ltrs of Petrol in the Cellar. Not much but it could help in the future.

04-03-2011, 07:47 AM	#2007
georgesmiley Senior Member Join Date: Mar 2009 Posts: 653	Thanks Icke is Right Can you elaborate on why Switzerland?