Silver and Gold Bullion, Yes Bullion

Purchase 1 oz. generic SILVER rounds (silver bullion) Purchase 1 oz. GOLD Canadian Maple Leaves (gold bullion), I have a couple of South African Krugerrands but from what I keep hearing due to the politics their not as fluidly accepted as the Canadian Maple Leaf or Chinese Pandas. If you can land palladium or platinum bullion, power to you.||Peace_5.gif' border=0> good resource site for Precious Metals Just an angle I firmly believe that is worth mentioning, within the confides of the "investment" world.

And for my reference point 6 months from now .. GOLD closed at 633.30 spot price and Silver at 12.47 spot price. 4/27/2006 I get my generic Silver rounds at .50 over spot price, and Gold bullion $15.00 over spot prices. In California if you purchase over $1000 in Bullion there is no sales tax, why I have no clue? Do yourself a favor if you are reading this, buy 2 Gold 1 oz coins Canadian Maple Leafs ASAP. You can expect a $400 return or more on that investment by December 2006.

Wiz, Why bullion when you can purchase ETFs at the spot price or at even 10% of spot price in the name of gold? I dont get holding the actual stuff or needing it since there are other alternatives like the ETFs I mentioned..

wallstreet Simple the US Dollar is worthless. Iran launches their bourse economy before month's end. The US Dollar will plummet, not just because of Iran but because of common worldly currency common sense. China, the biggest backer of USD will begin selling out, just rose their own interest rates today. US Inflation.. M-3 is gone. No way to track how much paper money has been printed. etc. The thing is, how can you possibly get hurt by buying silver and gold and hold it in your immediate possession (as long as you know that silver and gold is pure)? Silver and Gold will always be recognized Internationally.

wallstreet if anything I predict the Chinese Paper Currency, yuan or Reminbi is the way to go.. USD is sunk.

One more thing, if you OWN your HOUSE, your CAR, etc .. you have no worries when everything tumbles, except for paying $10 a gallon for milk $10 gallon for gas, and $10 for every commodity we used to know. US is going to poor house, has been there, and will be realized sooner than later.. No I am not a doomsayer, but when you step back and take a good look at the World and the U.S. place in it .. things start to connect in your mind. a bit tipsy now.. ||an_drunksick.gif' border=0>

wiz, My question wasnt about the commodity, but owning it by the ounce versus the ETF or mutual fund that does the same thing and you dont have to pay high comissions or struggle finding some broker to figure out the spot price and sell it.. Since there is a silver and gold ETF I recommend buying THAT versus the actual metal...

Wallstreet I know my words/thoughts aren't eloquentally spoken (Poli Sci degree here), nor can I accurately construe everything I have absorbed over the last two years in precious metals news. Only Example I can give, I bought a Krugerrand (1 ounce gold or .999) in November at $495 and sold it in March for $635. Not a collectible just one of those generic 1 oz GOLD Bullion Coins. Had I the capacity to buy 10 .. it might be worth mentioning. Also worth mentioning, is no W-9 or 1099 required. If the US Dollar plummets, which it will, sooner or later, what good is an ETF holding, Stock holding or Savings account?

No Struggle to buy and sell bullion in the L.A. area.. I walk in and the transaction takes 10 minutes tops.

Wiz, The ETF is just like owning the metal but in a different instrument. The ETF actually goes and buys gold or sells gold as people buy and sell the ETF. If I were to buy the metal I would hold it in a brokerage acct. Going into a local store you arent going to get up to the minute pricing like holding it in a brokerage account.. JMHO

And when can you cash out when the sh*t hits the fan? Meaning USD is plummeting and you want to cash out? The Market will be OFF-Line. JMHO too.

the Market will crash in the next 5 years .. (Yeah sick and twisted I know, but that's how I think since joining Covers)

I think you are right.. BUT..how far do you think the buck is going to fall as it is already 82 cents vs the EURO and the Chinese government just raised rates to cool things off? I agree that our flooded monetary policy will one day have to be reconciled but if anything I think it means our bonds will go down in price and up in yield..I cant see the greenback turning into the peso or the CD buck do you? And yeah...you can cash out..in fact if the market crashes you better believe people will be RUNNING to those gold and silver ETF funds as a safety hedge..most definately. Since the ETF is based on the metal, it is not going to fall if the market or the buck will..

wizdumb2003 No. Points: 21325 Date Joined: 7/14/2003 Posted: 4/27/2006 8:05:13 PM -------------------------------------------------------------------------------- wallstreet if anything I predict the Chinese Paper Currency, yuan or Reminbi is the way to go.. USD is sunk. There's your investment.

If the market crashes "you better believe people will be RUNNING to those gold and silver ETF funds as a safety hedge..most definately. " But with current technology how fast can they ||moneybag.gif' border=0> OFF-Line and broke is what I think. When it crashes it will be FAST.

wiz, Even if the market collapses, they wont turn off the machines.. Even if they did, the pricing of the ETF depends on the underlying commodity..

and pays in USD .. ||an_shake.gif' border=0> I guess what my whole premise is about, is the the TRUE value of the US Dollar... or lack of value.

Thanks for the debate WallStreet .. Monday it all continues .. (just want to make money) ||Peace_5.gif' border=0>

Wiz, No problem buddy...I am always up for a debate myself. So here is a question..you buy the bullion using greenbacks, say you go downtown LA and buy some from a commodity dealer..ok you are fine, holding the actual item at your house or in a safety deposit box etc..ok so far so good. Now are you going to move to Britian and sell the stuff there? At some point when you want to sell the issue of the declining buck comes in to play. Add this..maybe during Bush and the free spending monetary policy the buck looks bad..what if the next guy in office is smarter financially? There is no guarantee that the buck is going to jump off a cliff...

At no time does the issue of the declining buck (US dollar) come into play. It's pure silver and gold bullion, manufactured into 1 ounce coins, recognized internationally. Sure there might be an issue if you are trying to sell American Eagle 1 oz. gold coins (not sure if it is truly 1 oz) THE global issue is with trusting the US on anything , they probably are 1 oz , but who knows? Gold 1 oz spot price closed today at $ 657.50 Silver 1 oz spot price closed today at $ 13.85 You missed my sarcasm .. "I just want to make money" I wish I could print it without any economical backing like OUR economy does. BOLD PREDICTION without Bold font, Gold 1 oz. will hit $1000 before 2010.

Wiz, That isnt a bold prediction..its a 50% move within 4 yrs, I could see that happening. I could also see gold at 450 again..it all depends where we GO not really where we have been. And you are 100% right about printing currency..people have no idea about what we are doing..they follow what is told on the news and look at the markets and interest rates..little do people know that the Fed keeping printing cash like this to help fund our deficits and the war etc is like a publically traded stock selling shares to raise cash..yeah it isnt debt but it dilutes the hell out of the shareholders. And what the Fed has done over the past 4 yrs with the loose monetary policy is diluting the hell out of the American public...our currency is worth less, we buy less but people dont get it. If the average person and/or politician knew about economics, money flow etc they would have kicked that balding dope Greenspan out years ago...

wallstreet: GOLD will never see $450 again. It has surpassed that false rating as of 2003. 750-900$ sounds about right come December.

some say that the current true value of 1 oz of GOLD is $2000 ||surprised.gif' border=0>

"And what the Fed has done over the past 4 yrs with the loose monetary policy is diluting the hell out of the American public...our currency is worth less, we buy less but people dont get it. If the average person and/or politician knew about economics, money flow etc they would have kicked that balding dope Greenspan out years ago... " GreenSpan kicked the middle class out, in his first month..and Bernanke inherited the worst nightmare ||an_light.gif' border=0> GL Bernanke, GL America Middle Class, GL wizdumb2003 .. ||an_burningbag.gif' border=0>

GOLD "closed" at $664.70 SILVER "closed" at $14.11