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Author: [Politics] Topic: I made a trip to the coin shop this morning
be easy send a private message View Space | Blog | Friends | Playbook |
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#1
Posted: 2/27/2012 11:55:31 AM
had to pick up some Silver Eagles again, after ditching them for cash back when gold was peaking. I exited the trades at Ag - 40.50$ and Au - 1825.

This morning i read this, which reminded me why i entered the trade in the first place.

For those paying attention, and that actually labor for their capital, you'd be wise to pay attention and inform youself that you ahve two options at this point in time, for your stored labor (savings)

1. Park it in cash
2. park it in metals

Cash = a short on gold
Gold = a short on cash

I was bullish on the dollar in the short term when i exited the trade, and now, remembering that Obama is working towards eclipsing a National Debt of over 20 trillion before he's served six years in the oval office, am ready to jump back in.  NOt buying any gold this time, just gonna stick with silver, as i had read some stories on line about novice infestors having trouble getting good money for their physical gold. Silver, not so much
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#2
Posted: 2/27/2012 7:19:44 PM
http://www.kitcosilver.com/charts.html

bought some more when it was below 30 a few weeks back...buy and hold. if only i could buy gas in silver. would be super cheap
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TheGoldenGoose
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#3
Posted: 2/27/2012 7:34:22 PM

We keep chasing the debt ceiling but never catch it so it must not exist.

The debt ceiling is the boogie man.
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#4
Posted: 2/27/2012 8:25:48 PM
QUOTE Originally Posted by TheGoldenGoose:


We keep chasing the debt ceiling but never catch it so it must not exist.

The debt ceiling is the boogie man.


Indeed, lets just increase our infinite credit line
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#5
Posted: 2/28/2012 8:04:39 AM
QUOTE Originally Posted by TheGoldenGoose:


We keep chasing the debt TARGET but never catch it so it must not exist.

The debt TARGET is the boogie man.


fixed it for you


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#6
Posted: 2/28/2012 8:30:12 AM
click -


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#7
Posted: 2/28/2012 10:02:30 AM
on a brighter note, it looks like there is some good news on housing this morning...oh wait, nevermind...
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#8
Posted: 2/28/2012 10:55:08 AM
QUOTE Originally Posted by be easy:

click -




didnt know it had a name. good to know

wonder what happens this spring when the MENA countries have another food price shock
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#9
Posted: 2/28/2012 5:07:50 PM
she had a nice day
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#10
Posted: 2/28/2012 7:00:46 PM
be easy

where is the best place to buy silver eagles?.. or silver coins in general?  ......  do you ever deal online anywhere?

thx
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#11
Posted: 2/29/2012 12:59:20 AM

Mint touts cost savings in .999 silver switch ...

Switching the fineness of silver in the annual Silver Proof sets and America the Beautiful Quarters Silver Proof set to .999 from the current .900 would produce significant savings in refining and manufacturing costs for the U.S. Mint...

 

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#12
Posted: 2/29/2012 1:58:15 AM
QUOTE Originally Posted by AcerRubrum:

be easy

where is the best place to buy silver eagles?.. or silver coins in general?  ......  do you ever deal online anywhere?

thx


I buy them at the coin shop. Less than two miles from my house, is the local distributor, they are always stocked, and they buy eagles @ market as well. Their money is good, so i give them my business

I'm so torn as to what i think will happen in the short term,,,,,but i see gas and stocks churning up, i knew i didn't want to be all cash anymore. dumped all my etrade acct into SLV, and went a bought a couple rolls of eagles. Probably going to shop for a loan, if i can get <3%, i will take a levered position in physical.

Very odd the sense of comfort that these shiny coins bring, relative to a pile of cash
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#13
Posted: 2/29/2012 6:30:47 AM

I'm so torn as to what i think will happen in the short term,,,,,but i see gas and stocks churning up, i knew i didn't want to be all cash anymore. dumped all my etrade acct into SLV, and went a bought a couple rolls of eagles. Probably going to shop for a loan, if i can get <3%, i will take a levered position in physical.
---------------------
ive thought about this...instead i took the money i saved on my refi and put it into silver each month
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#14
Posted: 2/29/2012 7:42:58 PM
QUOTE Originally Posted by KOAJ:



didnt know it had a name. good to know

wonder what happens this spring when the MENA countries have another food price shock


The Triffin dilemma (or the Triffin paradox) is a theory that when a national currency also serves as an international reserve currency, there could be conflicts of interest between short-term domestic and long-term international economic objectives. This dilemma was first identified by Belgian-American economist Robert Triffin in the 1960s, who pointed out that the country whose currency foreign nations wish to hold (the global reserve currency) must be willing to supply the world with an extra supply of its currency to fulfill world demand for this 'reserve' currency (foreign exchange reserves) and thus cause a trade deficit.

The use of a national currency (i.e. the US dollar) as global reserve currency leads to a tension between national monetary policy and global monetary policy. This is reflected in fundamental imbalances in the balance of payments, specifically the current account: some goals require an overall flow of dollars out of the United States, while others require an overall flow of dollars in to the United States. Currency inflows and outflows of equal magnitudes cannot both happen at once.

The Triffin dilemma is usually used to articulate the problems with the US dollar's role as the reserve currency under the Bretton Woods system, or more generally of using any national currency as an international reserve currency.

----------------------

Ben says the 'problem' is a savings glut in china

Why do we want a balanced budget again
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#15
Posted: 2/29/2012 8:24:00 PM
ben is an incompetent. 
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#16
Posted: 3/1/2012 8:43:03 AM
Au and Ag crashed after Dr Paul flashed Ben a silver eagle yesterday

best video ever of the good doctor
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#17
Posted: 3/1/2012 9:12:10 AM
QUOTE Originally Posted by KOAJ:

Au and Ag crashed after Dr Paul flashed Ben a silver eagle yesterday

best video ever of the good doctor


link?
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#18
Posted: 3/1/2012 5:30:48 PM
QUOTE

Originally Posted by be easy:



link?

link silver eagle

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