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zimboy69
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Joined: 23 Aug 2007
Posts: 108
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 Posted: Mon Mar 17, 2008 9:27 pm Post subject: a warning about buying gold and silver |
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this is a warning to the small time investor of gold and silver
i was listening to alex jones and seeing the markets all moving, thinking hey this gold and silver looks a good buy
never bought anything before for a investment
but be warned the gold and silver is really only worth what u can sell it for
and in most cases this is scrap value
i was looking in to buying about £500 i know its not a lot of money for some people but for me its really a huge investment
i was thinking maybe in a year ill get about 600-700 back cause the markets are going to go up
but somthing made me look at what people would buy this gold for and i was stuned it was only 60%-70% of what its worth now
so my initial investment would have been £500 and as soon as i bought it it would be worth £300 ish if i wanted to sell it straight away
i would then have to wait at least untill the market value for gold to almost double just to get my money back
so a word of warning be sure u know what you can sell it for before you buy it
all the figures are a rough estimate but if you look here u can see what they are selling for and what they are buying for
http://www.goldline.co.uk/investmentBarsPage.page?&silverBarIdx=2
i know this isnt anything to do with 9/11 but i feel that enough people listen to alex jones and how he is pushing gold its worth pointing out the pit falls |
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gruts
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Joined: 28 Apr 2007
Posts: 1050
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| Posted: Tue Mar 18, 2008 2:06 pm Post subject: |
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that Ted Anderson bloke has been on almost every Alex Jones show that I've listened to recently (his company is called Midas Resources) and they're really doing a hard sell on the listeners to buy gold and silver as the dollar collapses.
I dunno much about money matters, but as my gran used to say - "if it looks too good to be true, it probably is".... |
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blackcat
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| Posted: Tue Mar 18, 2008 2:44 pm Post subject: |
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Yes - he has been selling gold since it was $300 an ounce and he has been right in his judgement that it was going to rise. It is now over $1000 an ounce and he predicts it is only half way to where it will be in a year's time. Sounds like he has been doing a big favour to anyone who took his advice.
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"The conflict between corporations and activists is that of narcolepsy versus remembrance. The corporations have money, power and influence. Our sole influence is public outrage. Extract from "Cloud Atlas (page 125) by David Mitchell. |
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gruts
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Joined: 28 Apr 2007
Posts: 1050
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| Posted: Tue Mar 18, 2008 3:06 pm Post subject: |
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sadly, it's all the same to me. I'm skint....  |
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zimboy69
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Joined: 23 Aug 2007
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| Posted: Tue Mar 18, 2008 9:07 pm Post subject: |
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| blackcat wrote: | | Yes - he has been selling gold since it was $300 an ounce and he has been right in his judgement that it was going to rise. It is now over $1000 an ounce and he predicts it is only half way to where it will be in a year's time. Sounds like he has been doing a big favour to anyone who took his advice. |
your right he has done people a favour who bought it when it was $300 a ounce but like i said those people who bought small amounts then wouldnt even make any money untill it was over $600 a ounce
and it was around $300 in jul 02 and didnt go past $600 untill jan 06
so took them 4 years to get ur money back then you earned money
so i am just warning people if ur going to buy small amounts of gold then u got to be betting on the gold doubling
but have this in mind
its at a all time high price already |
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blackcat
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| Posted: Tue Mar 18, 2008 9:18 pm Post subject: |
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| Quote: | | your right he has done people a favour who bought it when it was $300 a ounce but like i said those people who bought small amounts then wouldnt even make any money untill it was over $600 a ounce |
Its not the time to sell even now. He makes it clear that people need to possess gold to be able to keep their wealth when all other forms of wealth are being trashed. I am unaware of him before about a year ago so if you are suggesting he was saying six years ago that people should have been buying gold then that is news to me. I doubt he was. He has been spot on as far as I am aware! But then again - it is all so bloody blatantly obvious once you know that 9/11 was an inside job. The rest just follows.
_________________
"The conflict between corporations and activists is that of narcolepsy versus remembrance. The corporations have money, power and influence. Our sole influence is public outrage. Extract from "Cloud Atlas (page 125) by David Mitchell. |
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zimboy69
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Joined: 23 Aug 2007
Posts: 108
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| Posted: Tue Mar 18, 2008 10:48 pm Post subject: |
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| blackcat wrote: | | Quote: | | your right he has done people a favour who bought it when it was $300 a ounce but like i said those people who bought small amounts then wouldnt even make any money untill it was over $600 a ounce |
Its not the time to sell even now. He makes it clear that people need to possess gold to be able to keep their wealth when all other forms of wealth are being trashed. I am unaware of him before about a year ago so if you are suggesting he was saying six years ago that people should have been buying gold then that is news to me. I doubt he was. He has been spot on as far as I am aware! But then again - it is all so bloody blatantly obvious once you know that 9/11 was an inside job. The rest just follows. |
i have no idea when he started telling people to buy gold all i did was look to when the price last was $300 a ounce
so i took it that he must of been telling people since then as he's always saying that hes been telling people since it was $300 a ounce
so unless he was selling it less than the market value by a long way thats were i got the date from |
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rodin
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Joined: 09 Dec 2006
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Location: UK
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| Posted: Tue Mar 18, 2008 10:51 pm Post subject: |
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I know a bit about this. Gold and silver protect v counterfieting that goes on by Rothschild etc controlled central banks.
1) Google 'the money masters'
2) Gold has gone up 4x since 2000 silver about the same (5x)
3) Here is what will happen
Gold > 1250 - 1550 $ this year then it will fall to half-2/3
Silver > $40 this year then it will fall to $15.
By 2013 gold = $5000 and silver $300
all per ounce
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Belief is the Enemy of Truth www.dissential.com |
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brian
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Joined: 18 Aug 2005
Posts: 611
Location: Scotland
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| Posted: Tue Mar 18, 2008 11:51 pm Post subject: |
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zimboy, I can assure you that the price difference between buying and selling is nothing like what you assume.
Phone Goldline and ask them about their repurchase policy. No doubt it will vary on top line but their spread will be close to the spot price - ie prevailing market price.
Dont confuse scrap gold price - gold that has to be refined - with product price - eg sovereigns which are capital gains tax free. |
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zimboy69
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Joined: 23 Aug 2007
Posts: 108
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| Posted: Wed Mar 19, 2008 12:37 am Post subject: |
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| brian wrote: | zimboy, I can assure you that the price difference between buying and selling is nothing like what you assume.
Phone Goldline and ask them about their repurchase policy. No doubt it will vary on top line but their spread will be close to the spot price - ie prevailing market price.
Dont confuse scrap gold price - gold that has to be refined - with product price - eg sovereigns which are capital gains tax free. |
that sounds really good
have u tried to sell a small amount of gold recently?
if you have and what your telling me is correct i am mistaken and appologies
but from personal experience on monday just gone i was told by a dealer they would sell me some soverigns for around £500 a ounce then i wondered how much the soverigns i already owned are worth and got told they would buy them for £270 a ounce
i forget the actual figures but they are within a few pounds
i am not talking about a bank or people who have £1000's of pounds here i know they can go and get almost the market value but for small time people like me its probably not worth it
just bewarned and ask before u buy what they would buy the stuff back for and at what price |
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brian
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Joined: 18 Aug 2005
Posts: 611
Location: Scotland
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| Posted: Wed Mar 19, 2008 4:14 pm Post subject: |
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zimboy, the dealer is a chancer.
You can sell on Ebay and get a much better deal or haggle with a local Asian shopkeeper, they know real money. |
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zimboy69
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Joined: 23 Aug 2007
Posts: 108
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| Posted: Wed Mar 19, 2008 9:59 pm Post subject: |
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| brian wrote: | zimboy, the dealer is a chancer.
You can sell on Ebay and get a much better deal or haggle with a local Asian shopkeeper, they know real money. |
and he was probably trying to rip me off but i just come here to warn people |
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rodin
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Location: UK
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| Posted: Thu Mar 20, 2008 5:33 pm Post subject: |
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Silver is correcting in what is known as an assymetrical abc elliot wave pattern. Gold also. Cheap to buy about now. JMHO
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Belief is the Enemy of Truth www.dissential.com |
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rodin
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Location: UK
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| Posted: Thu Mar 20, 2008 5:37 pm Post subject: |
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Another thing
It is players at the COMEX (also called the CRIMEX) that are manipualting the price. Dealers cannot supply enoiugh silver to satisfy demand I hear
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Belief is the Enemy of Truth www.dissential.com |
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goldsilverangel
New Poster
Joined: 31 Mar 2008
Posts: 1
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| Posted: Mon Mar 31, 2008 2:34 pm Post subject: Investing in Gold..... |
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Investing In Gold 2008 Learn About the Five Reasons You Should Own Gold in 2008 I did click here and get free information and pricing like I did a few months ago when it was lower. They give free information so click this link and fill out your name and get a free catalog of all type of gold and silver coins catalog.
http://publishers.xy7.com/z/51888/CD8119/ |
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