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Thread: Gold, Silver, etc...

  1. #85

    Default Re: Gold, Silver, etc...

    One more thing, the churchAccount did not appear to offer Kugerrands are the other gold coins such as the Eagle okay?

  2.  
  3. #86

    Join Date
    Nov 2005
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    775

    Default Re: Gold, Silver, etc...

    Quote Originally Posted by Wizard
    Foreclosure numbers rise in Bexar County

    A total of 680 properties in the county are set to go up for auction on June 6. This is a 9 percent increase in the number of foreclosures compared to May, the report indicates.

    http://sanantonio.bizjournals.com/sa...5/daily39.html

    9% increase in one month = 108% annualized .
    108% annualized? Get real Wizard. If you read the article you would see that it is only up 1% from last year. And I agree with Fivetears, the new housing market in San Antonio is booming.

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  5. #87

    Join Date
    Nov 2005
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    Default Re: Gold, Silver, etc...

    Quote Originally Posted by Show-me
    That's exactly it..........what if? Doesn't mean it's going to happen and I hope nothing ever happens. But, what if? Are you prepared? Do you have a hedge against a weakening USD? Do you have some provisions set aside? Doesn't take much to do now, but what if?

    We joke at work about the 5 G's.

    1. God
    2. Guns
    3. Groceries
    4. Gold
    5. Gas

    Ya can change the last four around but I prefer to have the 1st on at the top of the list.
    #1 for sure.

    And #5. We saw last year after the hurricanes of how we take gas for granted. We weren’t asking each other who had the lowest price gas, but were asking, “what stations still have gas and how long are the lines!”

  6.  
  7. #88

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,396

    Default Re: Gold, Silver, etc...

    "#1 for sure.

    And #5. We saw last year after the hurricanes of how we take gas for granted. We weren’t asking each other who had the lowest price gas, but were asking, “what stations still have gas and how long are the lines!”


    Been there, done that, if you're old enough to remember!! Bad news but we made it some how.



  8.  
  9. #89

    Default Re: Gold, Silver, etc...

    Quote Originally Posted by divgolfish
    Thanks for the Info. I agree with your views.I was thinking about the Church
    IRA gold Account because I am retirering this month. I wanted to minimize
    the tax burden for this year but at the same time purchase a large some of
    gold 15 k or so this year. After doing that, I though I could leave it there for awhile and start taking it out over the next few years to have what you refer to as a core.

    Do you think the transaction costs with the Church Metals IRA Account would be more than paying the taxes? If I roll over my TSP into the Church
    IRA I should not be taxed and could still purchase a large core.

    Maybe you could expand a little more on how you get the Gold into the Swiss
    vault. Do you have to travel over there and do it physically?

    You guys are really knowledgeable I wish I had known about this site alot earlier in my career. Thanks for sharing your thoughts.
    Generally, one wouldn’t PLAN on liquidating their ‘core’ position. They would leave it in through thick and thin as an insurance policy against an unknown future. Since you plan leaving it there for only a FEW years, it sounds more like you are considering it as an investment versus a ‘core’ insurance position. If I’m reading you correctly, I would think purchasing a gold or silver ETF through an online IRA trading account would be more practical. Liquidation/transaction costs are more reasonable. With American Church Trust Company, every time you wish to sell a few coins you also pay for the shipping costs between the custodian’s contracted depository and the coin dealer who will be buying the coins, as well as the standard transactions fees. I would suggest you contact American Church Trust Company, by telephone, and find out what a typical transaction cost would be, to include shipping, for periodic withdrawals over time.

    RE: Switzerland – you open and fund an account,via mail, and direct them to purchase the gold or silver for holding in their bank vault. These types of transactions are very common there. Only if you want the gold or silver held in a safety deposit box would you need to travel there personally.

    RE: American Eagles - they are beautiful coins and should serve you well.
    Trading is true democracy in action. The dollar votes we cast, in the marketplace, have real influence without the coerciveness associated with pseudo democracy operating under the principle of 'might makes right'. Trading allows us to protect ourselves from those inclined to pick our pockets in the polling places and at the printing presses.

  10.  
  11. #90

    Default Re: Gold, Silver, etc...

    What I was hoping to do was roll over tsp and purchase the coins and place them with church. I wa hoping I could than take the coins out of church and
    deposit them in a Brinks safe. I guess by your response that removing the coins from Church or a IRA like church means you have to cash in the coins?
    Thanks


  12.  
  13. #91

    Default Re: Gold, Silver, etc...

    Quote Originally Posted by divgolfish
    What I was hoping to do was roll over tsp and purchase the coins and place them with church. I wa hoping I could than take the coins out of church and
    deposit them in a Brinks safe. I guess by your response that removing the coins from Church or a IRA like church means you have to cash in the coins?
    Thanks
    My misunderstading or wrong assumption. Thanks for clarifying that you plan to retain a 'core' position.

    No, you don't have to cash in the coins. You can take delivery and redeposit them wherever you wish.
    Trading is true democracy in action. The dollar votes we cast, in the marketplace, have real influence without the coerciveness associated with pseudo democracy operating under the principle of 'might makes right'. Trading allows us to protect ourselves from those inclined to pick our pockets in the polling places and at the printing presses.

  14.  
  15. #92

    Join Date
    Apr 2006
    Location
    Baghdad
    Posts
    101

    Default Re: Gold, Silver, etc...

    Quote Originally Posted by Gilligan
    #1 for sure.

    And #5. We saw last year after the hurricanes of how we take gas for granted. We weren’t asking each other who had the lowest price gas, but were asking, “what stations still have gas and how long are the lines!”
    #2 tried and true. Pass the ammo.
    "Only the dead have seen the end of war." - Plato

  16.  
  17. #93

    Join Date
    Apr 2006
    Location
    Baghdad
    Posts
    101

    Default Re: Gold, Silver, etc...

    Weak dollar is pushing up gold prices. ECB will hike .25 on the 14th. Gold found support. Step 1, retrace; Step 2, breakthrough; Step 3, rally.

    I have been buying gold and silver on ebay. Many deals to be had. Much better than Kitco.
    "Only the dead have seen the end of war." - Plato

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  19. #94

    Default Re: Gold, Silver, etc...

    HOLE IN THE WALL

    Friday, June 02, 2006


    World’s in a mess, I must confess,


    Makes no sense to me,
    Why would anybody, want to save a little money,
    And stop their spending spree,
    Try to get ahead, and you just fall back,
    What does it really mean, when,
    Cash money only buys you less,
    Of the stuff you really need,
    Inflation and the government lies,
    Really got a hold on me,
    Gonna find myself a hole in the wall,
    And hide indefinitely


    What comes next, well I really don’t know,


    If things don’t go our way,
    We got to borrow big,
    Just to pay interest
    And stall that reckoning day,
    You and I couldn’t live like that,
    We’d be getting into trouble with the law,
    There’s no good rules for political views,
    Our funny money scheme is so flawed...
    Gonna find one, a little hole in the wall...


    Heads up now, while there’s still time,


    Get a little golden goose,
    Protect yourself from losing it all,
    And more govenment’s abuse,
    Check the price of a bullion coin,
    Pay a little over spot,
    Paper wealth gonna disappear fast,
    Sound money’s gonna mean a whole lot...

    http://www.freemarketnews.com/Analysis/228/5147/2006-06-02.asp?wid=228&nid=5147
    Trading is true democracy in action. The dollar votes we cast, in the marketplace, have real influence without the coerciveness associated with pseudo democracy operating under the principle of 'might makes right'. Trading allows us to protect ourselves from those inclined to pick our pockets in the polling places and at the printing presses.

  20.  
  21. #95

    Join Date
    Jul 2005
    Location
    near Ft. Lauderdale, Florida, USA
    Posts
    280

    Default Re: Gold, Silver, etc...

    Geez Wimpy, I didn't think you'd have a taste for doggerel. Has the Empire affect your sensibilities?

    May I suggest Lew Rockwell therapy.

    Ha Ha

  22.  
  23. #96

    Default Re: Bill Bonner

    Quote Originally Posted by Quips
    • Isn't debt a remarkable thing? It reduces your freedom of action. A man who has a debt must service it; he must repay it. He is a slave to it until it is finally removed, written off, or paid. In the past, if he couldn't keep up with his debt, he would be put into debtor's prison, which even further restricted his freedom.

    The above is a word from Bill Bonner on the lewrockwell.com website .... a very interesting and thought provoking place.

    However, I have a question about his statement: If Mr. Bonner is such a proponent about hard money and gold, the concern he states against either individual or national (empiracle?) debt may defeat his own argument against it since debt is sufficient to check the excesses of those who are under its burden; he himself admits it by his own statement.
    Do you have a link to Bonner's piece?
    Trading is true democracy in action. The dollar votes we cast, in the marketplace, have real influence without the coerciveness associated with pseudo democracy operating under the principle of 'might makes right'. Trading allows us to protect ourselves from those inclined to pick our pockets in the polling places and at the printing presses.

  24.  
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