Gold or Silver?

[longnine009]

The stock market is like Fox Maulder:  "I wanna believe."

Either that or a small child who hasn't yet learned what pain is.

[scottishmoney]

Going back and re-reading the above postings I find a lot of information and wisdom that many collectors and new comers should be reading. Free first hand advice is hard to find in a world full of hype and getting info from anyone who in NOT trying to sell you something is hard to find these days! It amazes me how the stock market is hyped every day on the news channels but seldom a word about precious metals? The average individual, who really has no knowledge of either, is fodder for the wolves in todays market.

My father in law gave me good advice several years ago when it came to investing in metals, go with your gut feeling, but go for the longterm.  When gold was going up a couple of years ago it was soooohhhh tempting to sell and take a quick profit, but what has gold done since then? Nearly $300 more per ounce.

Again with the stock market, go with good companies, right now the energy sector is good; and plan out a 5 year scenario.  Too often people look for short term profit, and not long term sustainability.  I worked for an energy company(petrol namely) and kick myself for having left and taken my stock options and not left them with the company( has since split twice, each time returning to it's pre-split price.)  But I was young and stupid.  Now I am actively seeking re-employment with said firm.

[Paint Your Wagon]

Right now the best advice I heard was Gold and Goldmining and Feed or Food ( cows or humans )
Well I cannot store 1000 tons of corn so I will stick to the former two 

My savvy grandfather gave me two advices of which I only followed one
He said buy gold and learn Russian

Today it would be buy gold and learn Chinese ( for other reasons then the Russian)

[scottishmoney]

Я ГАВИРЮ ПА РУССКИЙ ДЛЯ МНЁ СЕМЯ СВИВО НА УКРАИНА

[longnine009]

Я ГАВИРЮ ПА РУССКИЙ ДЛЯ МНЁ СЕМЯ СВИВО НА УКРАИНА

That would be a  Structured Investment vehicle  "created" in Greenwich   Connecticut. And it's symbolic meaning translates to "Catch me if you can"  ??   

Well, of course  that's the big difference between the United States and Asia and Russia. We produce SIV's, CDO's and slogans such as "deficits don't matter" and "we're all dead in the long run" while the Asians are still producing products.  The little engines that could. They're so cute aren't they?

It's just a remarkable coincidence that the same people sitting on a Mt. Everest of money are the same people who produce actual products, produce more than they consume and have the highest saving rates in the world. And apparently do believe that deficits and debt matter.

Learning Russian might not be that bad of an idea.  In truth I think Japan is going to rise like the Phoenix  one day. But Pootie Poot has balanced his budget, eliminated his national debt and pays his bill on time. And Russia  too is  sitting on an ocean of oil.

[scottishmoney]

Я ГАВИРЮ ПА РУССКИЙ ДЛЯ МНЁ СЕМЯ СВИВО НА УКРАИНА

Learning Russian might not be that bad of an idea.  In truth I think Japan is going to rise like the Phoenix  one day. But Pootie Poot has balanced his budget, eliminated his national debt and pays his bill on time. And Russia  too is  sitting on an ocean of oil.

Actually it translates more like this:

I speak Russian because my family is part from Ukraine(The Russian speaking part )  I understand Ukrainian, but cannot speak it well.

[Paint Your Wagon]

Did you see the price of gold today ? 922 all on its lonesome way to 1600 plus 

[scottishmoney]

Of course, because I am trying to buy a set of the 1986 or rather MCMLXXXVI AGE's.  I bought the Russian gold medal yesterday at melt, today it is worth more

[scottishmoney]

Modern gold is cute, but nothing like holding gold from when gold was the king of money.  A hundred year old coin that basically becomes worth only the metal value, because even though it would be collectible in it's own right, by means of the skyrocketing price of gold, it is worth more the metal it has.  So 101 years later it commands respect not only for it's wonderful design, but for the value it still represents.

[Paint Your Wagon]

That is one thing about French coins
You cannot get a 200 year old Napoleon at melt 

[longnine009]

Interesting date you choose for that Double Eagle.   Hey!!!!! I know, maybe  Benny is the next JP Morgan? 

[scottishmoney]

Interesting date you choose for that Double Eagle.   Hey!!!!! I know, maybe  Benny is the next JP Morgan? 

Actually I just bought it.  Next I want a Saint from the same date.  With this lot I just bought the only Saint was a 1914-D.

[scottishmoney]

That is one thing about French coins
You cannot get a 200 year old Napoleon at melt 

I have bought Napoleon III's at melt, and Louis XVI's at just over melt.  These were nice VF-XF coins.

[Paint Your Wagon]

That is one thing about French coins
You cannot get a 200 year old Napoleon at melt 

I have bought Napoleon III's at melt, and Louis XVI's at just over melt.  These were nice VF-XF coins.

I meant the REAL Napoleon I
I can buy all the Nap III and Angels and Roosters at melt in Antwerp every day because money exchangers in Belgium buy at melt minus 1.5% and sell at melt plus 1.5% daily for a single coin
If you buy 20 or more they are meltprice
Mind what I have learned  to call melt is the spotprice
In Belgium melt means 5% below spotprice to be molten down into gold

Oh and those so called Louis d'or have to be XF or better by convention or it are melters meaning they go 5% below goldprice and are suposedly molten down

[Paint Your Wagon]

Napoleon Premier Consul An 12
MS62 with slide or AU58 take your pick