Old Project Avalon Forum (ARCHIVE) - Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

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- Economy and Currency (http://projectavalon.net/forum/forumdisplay.php?f=80)

- - Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein) (http://projectavalon.net/forum/showthread.php?t=5468)

jonah70757

10-26-2008 11:15 PM

Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

Quote:

Originally Posted by zorgon (Post 53698)

Warned people I did that fall gold would :thumb_yello:

Happened before in the eighties

Its a good thing for the people bad for Gold Speculators

It may even mean the end to gloom and doom for 20 years...

As I said Happened before

I am sorry to say my friend you are absolutely wrong! If you saw what was going on in the physical market you would not make such a statement! Also this is not 1980~! I tested the market on Ebay and sold a couple 1/10 oz Gold coins they sold for $106 each plus $5.95 ship shipping! Thats a price equivelent to $1,100! Also a recent deal was settled for a huge amount of goal in Canada for $1,075 per OZ settled in Euros. Every Bullion deler is wiped out and has no stock. Owning Phyical Gold today is not speculating!
My holdings are up! and When I sell it sells for 35% over Comex (Which like the rest of Wall Street is a JOKE!):roll1::mfr_lol:

jonah70757

10-26-2008 11:18 PM

Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

Quote:

Originally Posted by anchor (Post 53747)

there are two markets in gold, the real one and the fake one.

The fake one, is paper based, the real one is gold based.

When the paper market in gold unfolds (as it looks like it might soon) you will find that real physical gold is worth its weight, um, in gold :)

meanwhile, in the interim, if you have some money free, and you know someone who has physical gold in stock, buying a few coins off them might not be a bad idea.

A..

you are so right!!

Swanny

10-26-2008 11:29 PM

Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

Quote:

Originally Posted by Leadman (Post 56616)

China for one, over the last 18mths or so has been buying all the non-ferous metals it can get it's hands on. Originally put down to an expansion boom in construction.

NOT SO! no sir, China has been spending it's dollars, big time!
Lead, Copper, Zinc, Aluminium. They Know the $ is gonna crash, they want something which will have a value and if worst comes to worst, they can either control the market or use the metals.

Only my view, but wait and see.

China has topped buying now, I sold some copper and the price has fallen.

Plenty of gold and silver still for sale in the UK, just look on www.ebay.co.uk

TAXMASTER

10-27-2008 04:51 PM

Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

1 Attachment(s)

see attached chart of gold history:

dragondweller

10-28-2008 01:26 PM

Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

Taxmaster, perhaps you can enlighten me. Is it safe and legal to transport gold/silver coins out of the country? How can one go about it? In a bag carried onto an airplane?

Any ideas?

TAXMASTER

10-28-2008 07:46 PM

Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

it depends on how much you are talking about. the coins can be in your purse or coin pouch if you got 20 to 50 of them. otherwise, i do not reccommend smuggling any. if you and 3 other people are traveling, have each carry some. 1 ounce of gold is about the size of a 50 cent piece.

it is not advisable to "sneak" (conceal) any money across the border because they can charge you with money laundering. if you transport more than $10,000 in currency, you are supposed to fill out a report with customs. however if you have us gold eagles, the denomination is $50 for a gold coin so you could essentially bring 199 of them without having the required amount of currency.

Namaste'

dragondweller

10-29-2008 02:18 AM

Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

Taxmaster, thanks so much for the info. How confident are you of this information? Are these the rules in every country?

Tuza	10-29-2008 02:21 AM

Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

My husband the non-believer in everything Camelot/Avalon just poked out his tongue and said see the stock market in the US has gone up over 800 points. Mmmmh.

TAXMASTER

10-29-2008 08:51 PM

Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

Quote:

Originally Posted by dragondweller (Post 64370)

Taxmaster, thanks so much for the info. How confident are you of this information? Are these the rules in every country?

i am sorry but i do not know every country's rules. (this is the rule for canada and us) my suggestions is to go to the country you want to visit and search their customs info on the internet.

Namaste'

Merlyn

10-30-2008 10:00 PM

Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

=
=

Several people have been thinking over what the article below is
pondering. But it would seem Silver is also in same boat.

Quote:

Upcoming Gold Default
By: Jim Willie CB
Thursday, 30 October 2008

The COMEX gold & silver markets are each hurtling down a dangerous path toward default. The artificial paper price has created enormous physical demand, and hampered supply production, if not delivery. The gap between the JPMorgan-led corrupted phony paper price and the legitimate physical price in actual trading markets has grown sharply, enough to force a breakdown like in any distorted market. When December contracts in gold & silver are demanded to be satisfied via delivery of the metal, it will be clear that the COMEX is running a scam. A default is highly likely. Of course, they can continue to deny contract holders the right to benefit from delivery, as they have been doing for months to ‘Non-Economic Customers’ but soon the ‘Commercial Customers’ will be defrauded. Arrests are warranted. We will see how this corruption unfolds.

Rest of story at:
http://news.goldseek.com/GoldenJackass/1225389600.php

=
=

NerzhDishual

10-31-2008 12:36 AM

Re: Why Gold Is Dropping When It Shouldn't (by Alex Wallenwein)

Hi people,

Yes, Gold is actually moving up and more down. It should not.
But? Is this the end of the story???
When, if any, did you buy gold? 3 years ago?

This world financial mess was fully and very accurately foreseen, even for the layman. Sufficed to crawl the Internet with an open mind.

Best

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