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Gold paper just won't cut it at this juncture. The miners are shorting their own stocks and this could go on for another few months but let me tell you, the junior producers will 'splode as well but you have to be patient.
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So the real gold market continues to be very strong and at some point the paper gold market will be exposed for what it is; worthless paper with no gold backing. I can understand that investors who entered the gold market in the $1,600 to $1,900 range might feel a little bit uncomfortable at these levels.
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(Bracelet is 18K White Gold/Weighs 19.1grams, so with gold $1740, spot is $801) -not intending to sell the bracelet, I just like to see what these scam places are paying, and sometime I like to make the people feel uneasy or stumble over their offers- 1st place-"WE BUY GOLD" -The lady checked it out, tested it,
Like they say make sure you have food and water. As Tamil Nadu reels from severe water shortage, a Rajya Sabha member on Wednesday highlighted the plight of the people saying "gold is cheaper than water" in state capital Chennai.
All Metal Quotes; Charts & Data; Markets; News & Reports; Gold Forum; Jeweler Resources; Buy Silver & Gold; Kitco Events; Mobile Apps
All Metal Quotes; Charts & Data; Markets; News & Reports; Gold Forum; Jeweler Resources; Buy Silver & Gold; Kitco Events; Mobile Apps
1) In 1930's America, GOLD WAS MONEY and TPTB could not simply print as much money as they wanted to stave off deflation like they can today. Gold was revalued (ie. forced to rise in price enough to be realistically valued) overnight from 20$/oz to 38$/oz during that deflation, meaning gold nearly doubled it's purchasing power overnight, in the ...
A partial from my MIDAS commentary today: May 31 – Gold $1563.60 down $1.70 - Silver $27.74 down 22 cents The Signs Of Chaos Loom MERKEL FLIES INTO FRANCE CUSTOM OFFICIAL ASKS HER NATIONALITY "GERMAN" SHE REPLIES OCCUPATION?'