Friday, Sep 26, 2008
Liquidity in gold coins drying up
The FT: Gold coin sales halted after retail rush
The rush by retail investors into gold on Thursday forced the US government to “temporarily” suspend the sales of the popular American Buffalo one-ounce bullion coin after depleting its inventories.
Posted by sold 2 rent 1 @ 09:00 AM (1206 views) Add Comment
31 Comments
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1. george monsoon said...
When Joe blogs jumps on the band wagon to invest in gold, you know the end is here....Oh dear!!
2. sold 2 rent 1 said...
More evidence that gold will NOT be the new world reserve currency when fiat money fails.
When the fiat crash happens (possibly in spring 2010) those who have no gold have no money.
Local monetary systems such as the ones in Lewis and Totnes will be the way forward
Here is my outlook for money over the next 3 years:
Gold to peak in spring 2010 (Elliott wave 3 from 1970) as fiat monetary sytems fails
Local monetary systems will be in place by autumn 2010 as communities pull together.
Gold will correct sharply in Elliott wave 4 over spring 2010 - summer 2011
Real power of monatomic gold realised in summer 2011; people realise gold is not of this universe and from the ninth dimension
Gold goes into final a Elliott wave 5 spike in autumn 2011
3. mountain goat said...
I am reading a book by a Oxford quantum physicist about other dimensions, "The Fabric of Reality" David Deutsch. It came highly recommended, but I haven't read enough to say anything sensible about the book yet unfortunately.
4. harold said...
Funny that there should be shortages of physical gold (and silver) without a price spike - must be all that paper gold floating around (lol). Just remember, ETFs come with counterparty risk.
S2R1, technology will allow for general commodity-backed currency, not just precious metals. The world is returning to a de facto gold standard (in fact it never really left it); the question is when, not if. People were just conned into thinking gold was a "barbarous relic" in the 20C, whereas in fact it guaranteed them their freedoms and independence from the state. They will realise this again, but not until after much bloodshed.
5. sold 2 rent 1 said...
harold,
Read these articles by Brian Bloom
http://www.marketoracle.co.uk/Article6416.html
http://www.marketoracle.co.uk/Article6430.html
Gold will shoot up to levels that will eventually make it just NOT viable for the masses as a currency.
As a guess 3,000 - 4,000 an ounce by 2010 will be the limit
6. nooneo said...
Your slipping s2r1, surely you've got one of those wacky graphs with loads of squiggilly lines all over it to illustrate you're point !¬.
7. Happy Mondays said...
"The Fabric of Reality" Read man read! and if you find this other dimension, let me know, as i feel the dimension i am in at the moment is crazy and full of insane people obsesed with money, wealth and power!
8. theboltonfury said...
'those who have no gold have no money'
a claim of such absurdity it's barely worth commenting on, in fact I'm disappointed that I just have....
define money please
9. Eyes_wide_open said...
"When the fiat crash happens (possibly in spring 2010) those who have no gold have no money."
Surely that also means anyone with debts made up of fiat currency - have no debt also?
10. sold 2 rent 1 said...
nooneo,
Just for you
11. george monsoon said...
So are you saying that we should invest any and every penny we own into physical Gold right now?
12. planning4acrash said...
Sold2Rent, Lewis currency was pawned. Shady people bought all of the notes issued on the launch and sold them to shady friends on e-bay. Some of them are now actively considering silver and gold as a paralel scheme. Here's how it works, silver is the best for small purchases. Just use a spot rate conversion initially to traders into new currency who are interested in hoarding silver. Eventually, this could grow into a wider silver based economy. Maybe shop workers and local suppliers would stop wanting to be paid in sterling as they begin to understand the theft in Sterling. Its our only hope, that the people start their own movement. I see a world where we use silver coins and barter to get the daily bread, and use gold for savings and large purchases.
13. sold 2 rent 1 said...
theboltonfury,
'those who have no gold have no money'
You miss the point.
This statement is about why a gold-backed currency will fail once the price goes too high.
14. theboltonfury said...
err ok. But the statement does say those who have no gold have no money. If someone defines money, I'll tell you if I am likely to have none of it as I definitley will not have any gold
gold is the new property
15. planning4acrash said...
S2R, monotomic gold and dimensions, dude, even David Icke appears to think its wack.
The real reason gold would go down from a peak is because people would stop dealing with fiat and private institutions hoarding gold would have to release it to pay their obligations or pay their fines when taken to court over their fraud, freeing supplies for the general public.
16. sold 2 rent 1 said...
george monsoon,
"So are you saying that we should invest any and every penny we own into physical Gold right now?"
Everyone should have some proportion of their wealth in physical gold/silver AND gold/silver stocks.
Remember gold will correct massively on the way to being the bubble to END all bubbles.
Then it will be WORTHLESS as we reach the singulariity.
17. sold 2 rent 1 said...
P4AC,
This monatomic gold is a con
http://monatomicgold.co.uk/
This is not
http://www.rexresearch.com/ormes/ormes.htm
18. matt_the_hat said...
Some people have been asking on this site why gold is so valuable since it has few industrial uses, I do not profess to know only that it has stood the test of time unlike fiat stuff, I only offer this quotation:
"The things which have the greatest value in use have little or no value in exchange; and, of the contrary, those which have the greatest value in exchange have little or no value in use" Adam Smith farther of modern economics.
19. sold 2 rent 1 said...
Video: Imagining the tenth dimension (12 mins)
http://video.google.com/videoplay?docid=-97057222894136590
Remember dimensions 8, 9 and 10 are not of this universe.
20. Openeyes said...
sold2rent1
The new world order currency will be electronic. After the great financial crash ( and being likely that the banks will steal our savings) those who had savings will be compensated with a ration of "money" and will be issued with a new world order cash card. This is the point of the whole financial crash - to bring it on faster. Oyster cards in buses/tubes, cards for phones etc and next cards for vending machines will be bought/exchanged by the new world order. Easy considering that the banks will be nationalized by then.
The trouble with gold is that you can not eat it so why take the risk? Better to buy land and seeds and eventually bricks and mortar at the right price. Hope I take my own advice!
21. planning4acrash said...
S2R, I'm into planning and economics, dabble in spirituality and some practical physics. No, I cannot recall anything about dimensions 8,9 or 10 nor anything of any other universe!!! Some of the sources you use are useful, but only if you do not use them as fodder for imagination in predicting the next decade, as Lungold did, to his discredit.
22. sold 2 rent 1 said...
planning4acrash,
Lungold like Robert Prechter will be right, but his timing will be off.
The nature of exponential evolution is such that all the real crazy stuff that he talked about happens in the final Universal creation cycle (2011)
“The greatest shortcoming of the human race is our inability to understand the exponential function”. Albert Bartlett
If you really embrace predetermined exponential evolution of consciousness, then you realise that predictions made to LARGE numbers of people and a long time into the future will be either laughed at or wrong. The rate of change of consciousness cannot be altered.
Think of how David Icke was laughed at on the Wogan show 15+ years ago but Channel 5 made a show in 2006 called "David Icke, was he right?"
Lungold's predictions were in 2004, but we are now 4 years later.
The closer to 2011 we get and the smaller the audience the greater the chance the prediction may be accurate
23. nooneo said...
sold 2 rent 1 @ 10...
Thanks.....A picture always paints a thousand words into a corner.
24. sold 2 rent 1 said...
planning4acrash,
The whole 2012 debate about what happends on 21 Dec 2012 is gathering pace.
There are loads of books written now
But the spanner in the system is that Calleman has identified 28 Oct 2011 as the end date of the Mayan Calendar.
Calleman is being hammered not only by mainstream scientists but also by many 2012 enthusiasts too.
You need to embrace the concept that you are not in total charge of your own thoughts.
2012 will eventually wrong-foot many people.
25. planning4acrash said...
S2R, I just think that monotomic gold isn't something to be discussed about seriously as a proposition or backbone to any prediction. I was refering to Lungold's Alien stuff being nonsense. But Bluebeam project is a declassified pentagon project.
26. sold 2 rent 1 said...
Regarding Aliens
Ufo.The.Greatest.Story.Ever.Denied.-.XviD-Mp3.avi
http://video.google.com/videoplay?docid=-5980990221766439646&ei=PD7dSOKCKY7EiAKbuvGYCw
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31. Bob543 said...
There is no fiat money in circulation. All money is lent to the governments by the banks at interest, this is why you have national dept.
If a country took the contract away from the banks to control the flow of currancy within thier borders & controlled it themselves you would not see crashes of this kind, but the bankers would have the political elite threatened or even shot (as they did in american history).
There is no real crash, it is a plan by the banker (p j morgan, rothy, rocker & the rest of them) to enslave the population of the world.
Watch the award winning documentary "The Secret Of Oz"