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RE: selling your gold jewelry - 4/1/2010 7:34:03 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		and holly, if you dont need or have good use for the money, fine. keep it.

The issue of waiting for the right time to sell is one of grave concern.

Hogs get slaughtered, and lambs too. You will never sell at the top by design. Gold and silversare going to go down, as other markets are providing more profits, and most of the bad news has wrung out of them, the manipulations of metal markets is widely known and sheep are easy to frighten into doing what you want them to do, buy high from me and sell back to me low because I cant eat gold so I need cashflow to get my breakfast.

Thats my thoughts.

Ron

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


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Profile   Post #: 21
RE: selling your gold jewelry - 4/1/2010 7:36:13 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
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quote:

ORIGINAL: mnottertail

hunkie, well fucking, duuuuuuuuuuuuuuuuuuuuh.

I told you. way back, this is a surprise to nearly no one who put away thier tinfoil hats and rose colored glasses a long time ago. it will not 'the manufactured shortage' cause prices to go up, but rather down, due to widespread mistrust (just like banking stocks and aig).

Ron


there will be a divergence- between in hand and paper. No problem.

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Profile   Post #: 22
RE: selling your gold jewelry - 4/1/2010 7:41:42 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: mnottertail

and holly, if you dont need or have good use for the money, fine. keep it.

The issue of waiting for the right time to sell is one of grave concern.

Hogs get slaughtered, and lambs too. You will never sell at the top by design. Gold and silversare going to go down, as other markets are providing more profits, and most of the bad news has wrung out of them, the manipulations of metal markets is widely known and sheep are easy to frighten into doing what you want them to do, buy high from me and sell back to me low because I cant eat gold so I need cashflow to get my breakfast.

Thats my thoughts.

Ron


No.   Anyone who can afford a contract- will simply ask for delivery.   

Gold and silver is not fiat.

Of course the powers that be will fight like heck to -

the implications of this rigging disclosure really are grave.   it means all fiat currencies are at risk.

If Holly is just tired of it- maybe she can trade it for bullion.  Either gold or silver.



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Profile   Post #: 23
RE: selling your gold jewelry - 4/1/2010 7:41:57 AM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: mnottertail

hunkie, well fucking, duuuuuuuuuuuuuuuuuuuuh.

I told you. way back, this is a surprise to nearly no one who put away thier tinfoil hats and rose colored glasses a long time ago. it will not 'the manufactured shortage' cause prices to go up, but rather down, due to widespread mistrust (just like banking stocks and aig).

Ron

This is a lesson everyone should learn. never buy precious metals when the hype is on. That's always a suckers move.

Buy metal only when the economy is under real inflationary stress. Not hyped about inflation from some guy selling gold but real you have the figures in front of you inflation.

Although gold is about to take a bath and if you're brave and in it for the long haul you could make substantial profit by buying metal when prices hit bottom. But you'd be looking at holding teh gold for several years minimum which would eat into any profit, due to cost of the safety deposit box or other secure storage for the gold.

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Profile   Post #: 24
RE: selling your gold jewelry - 4/1/2010 7:46:25 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
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quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: mnottertail

and holly, if you dont need or have good use for the money, fine. keep it.

The issue of waiting for the right time to sell is one of grave concern.

Hogs get slaughtered, and lambs too. You will never sell at the top by design. Gold and silversare going to go down, as other markets are providing more profits, and most of the bad news has wrung out of them, the manipulations of metal markets is widely known and sheep are easy to frighten into doing what you want them to do, buy high from me and sell back to me low because I cant eat gold so I need cashflow to get my breakfast.

Thats my thoughts.

Ron


No.   Anyone who can afford a contract- will simply ask for delivery.   

Gold and silver is not fiat.

Of course the powers that be will fight like heck to -

the implications of this rigging disclosure really are grave.   it means all fiat currencies are at risk.

If Holly is just tired of it- maybe she can trade it for bullion.  Either gold or silver.



The famous interchange between Scotsmen:

I can call the wee ghosties!
Aye, but do they come when you call them. laddie?

so they can demand delivery, but it is clear they aint gonna get it.

Remember the Commodity Credit Corporation? Grain certificates selling at several times face value? Lotta farmers with those worthless pieces of paper in their cupboard, soaking up the dust.

So take a fuckin', and keep on truckin'.

Ron

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


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Profile   Post #: 25
RE: selling your gold jewelry - 4/1/2010 7:48:31 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		how much freaken gold do you think the typical person owns?

it floors me that anyone thinks it is going to go down.

what you will see is a divergence.  paper VS physical in hand.

I see this already in junk silver on ebay. spot is pretty much ignored.

(in reply to DomKen)
Profile   Post #: 26
RE: selling your gold jewelry - 4/1/2010 8:00:54 AM   
sirsholly


Posts: 42360
Joined: 9/7/2007
From: Quietville
Status: offline
quote:

and holly, if you dont need or have good use for the money, fine. keep it.
Good advice Ron. Thank you.

This thread is making me feel pretty damn dumb, as evidenced by the confusion caused by Hunkys statement
quote:

If Holly is just tired of it- maybe she can trade it for bullion.  Either gold or silver.

I am clueless as to the benefit of trading gold in one form (jewelry) for gold in another form (bullion). What is the difference?



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Profile   Post #: 27
RE: selling your gold jewelry - 4/1/2010 8:00:55 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		http://www.huffingtonpost.com/nathan-lewis/its-ponzimonium-in-the-go_b_519893.html    and the story makes it to huffington.  

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Profile   Post #: 28
RE: selling your gold jewelry - 4/1/2010 8:05:19 AM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: sirsholly
I am clueless as to the benefit of trading gold in one form (jewelry) for gold in another form (bullion). What is the difference?

If you're buying precious metal as an investment bullion and coins are prefered over jewelry because it is a known weight and purity. Jewelry would need to be appraised or at least assayed before sale/

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Profile   Post #: 29
RE: selling your gold jewelry - 4/1/2010 8:20:17 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: sirsholly

quote:

and holly, if you dont need or have good use for the money, fine. keep it.
Good advice Ron. Thank you.

This thread is making me feel pretty damn dumb, as evidenced by the confusion caused by Hunkys statement
quote:

If Holly is just tired of it- maybe she can trade it for bullion.  Either gold or silver.

I am clueless as to the benefit of trading gold in one form (jewelry) for gold in another form (bullion). What is the difference?




Stay put then.

if I was not able to pay my mortgage- then I would sell.  I must have a place to live.    bullion or coins trade easier then jewelry because it is more standardized.

with your jewelry you have gold in your hands.  not a promise that it may or may not be in a vault somewhere.

there is alot to know with jewelry - coins tend to be easier to know what the metal content is. 

you are ahead tho because you hold the real thing- not a paper promise.

so - the system can comingle, crunch the numbers, lie- and that does not change that you own your gold.

if you had a contract for 5000 ounces at the COMEX tho- then you only have a promise.

only 1-3% own gold in the US.   the number is not very high.   the % is higher in India and China, even Russia.

Also dont worry about selling at the top.  A few on the silver boards have cashed in now to pick up prime real estate. So they in effect traded one asset (that holds in hand) for another- being the land they stand on.

I think we are a few years away from the low on house prices- so I would not do this.

During the depression- prime real estate was bought up real cheap- via gold coins.

Again- we are a few years from that.

The time to sell is when there is an absolute reason too.

Which likely is not now.

< Message edited by pahunkboy -- 4/1/2010 8:21:55 AM >

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Profile   Post #: 30
RE: selling your gold jewelry - 4/1/2010 8:22:42 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		and it stacks better than plastic sandwich bags, but you will not trade jewelery even up for bullion, further fucking you. DO NOT LISTEN TO HUNKSTER, HE IS NOT THINKING CLEARLY. HE IS ON THE 'LEAST' EFFECTIVE DOSE. (his words, not mine.)

Ron

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


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Profile   Post #: 31
RE: selling your gold jewelry - 4/1/2010 8:27:51 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: mnottertail

and it stacks better than plastic sandwich bags, but you will not trade jewelery even up for bullion, further fucking you. DO NOT LISTEN TO HUNKSTER, HE IS NOT THINKING CLEARLY. HE IS ON THE 'LEAST' EFFECTIVE DOSE. (his words, not mine.)

Ron


I have some old jewelry too.

I dont know its value.   But I do know what a Franklin half- a Morgan, a Silver Eagle, a 1964 dime should buy or sell for.

Woman tend to prefer jewelry- men tend to prefer coins/bullion.

Prior to 1964 and 1933 we would not be having this conversation.  because the money was real back then.  the money was the value.   today the money is not backed by silver or gold.  It is a petro dollar- backed by bombs.

Anyhow she should stay put.


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Profile   Post #: 32
RE: selling your gold jewelry - 4/1/2010 8:36:00 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		If you think YOU can sell a 1964 circ franklin anywhere for more than .12-.15 cents (and you are going to have to expend more energy than that to get it) you are needing help beyond what has already been discussed. I know you were not believing that bullshit website that said you can get a 1.26 for it. Hell a walking half is worth only 1.50-2.00 circulated.

Don't believe anything you hear and only half of what you see on the net, my dear fellow.


Ron

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


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Profile   Post #: 33
RE: selling your gold jewelry - 4/1/2010 8:40:03 AM   
LaTigresse


Posts: 26123
Joined: 1/15/2006
Status: offline 		What Ron says..

_____________________________

My twisted, self deprecating, sense of humour, finds alot to laugh about, in your lack of one!

Just because you are well educated, articulate, and can use big, fancy words, properly........does not mean you are right!

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Profile   Post #: 34
RE: selling your gold jewelry - 4/1/2010 8:40:44 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: mnottertail

If you think YOU can sell a 1964 circ franklin anywhere for more than .12-.15 cents (and you are going to have to expend more energy than that to get it) you are needing help beyond what has already been discussed. I know you were not believing that bullshit website that said you can get a 1.26 for it. Hell a walking half is worth only 1.50-2.00 circulated.

Don't believe anything you hear and only half of what you see on the net, my dear fellow.


Ron


You a fucking full of it!!!

Wrong.  Wrong.  WRONG.

(in reply to mnottertail)
Profile   Post #: 35
RE: selling your gold jewelry - 4/1/2010 8:42:27 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		http://realcent.forumco.com/forum~FORUM_ID~30.asp

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Profile   Post #: 36
RE: selling your gold jewelry - 4/1/2010 8:47:26 AM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		FR

I concur with those who say do not sell now. Even though I think the dollar value might remain flat or even take a droop for a time, it cannot stay low for long. Right now I don't consider it a buy or a sell, I figure it's a hold. That's if you don't need the money of course. As far as buying, for the commoner the best thing to buy would probably be coin.

I've seen helvicticas (sp) advertised "below melt" and I just don't believe the company is in business to lose money. The problem is as in anything else, who to trust ? If they are indeed selling below melt, why don't they just melt it ? They are in the US, so while they can't legally melt the coins down if they are US currency, these are not US currency. I also find it hard to believe that any buyer will give you anything near what the stuff's worth. And every indication is that you will get screwed even worse on jewelry.

T


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Profile   Post #: 37
RE: selling your gold jewelry - 4/1/2010 11:31:41 AM   
sirsholly


Posts: 42360
Joined: 9/7/2007
From: Quietville
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quote:

Although gold is about to take a bath and if you're brave and in it for the long haul you could make substantial profit by buying metal when prices hit bottom. But you'd be looking at holding teh gold for several years minimum which would eat into any profit, due to cost of the safety deposit box or other secure storage for the gold.

Ken...are you saying you would sell it now, before the price drops?

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Profile   Post #: 38
RE: selling your gold jewelry - 4/1/2010 11:35:11 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		http://www.goldprice.org/gold-price-history.html#1_year_gold_price


you gotta do your own thing there.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to sirsholly)
Profile   Post #: 39
RE: selling your gold jewelry - 4/1/2010 11:37:31 AM   
sirsholly


Posts: 42360
Joined: 9/7/2007
From: Quietville
Status: offline 		Wow...lots of good information here, thanks so much!

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PICKED UPON
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Profile   Post #: 40
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