[ybbor]

If you are going to take physical position of your gold/silver, I was told to always go with recognizable coins because they are much easier to sell. With a 1oz US/Canadian/kuggerands/etc, you can basically walk in to any coin store around the globe, and they know what you have, and what its worth.

However, if you take a 10/50/100oz gold ingot, the selling process becomes more difficult because they will likely spend more time verifying authenticity, weight, quality, etc. You will eventually get your money, but the selling process will take longer.

Just something to keep in mind.

My Blog
http://rvlife.mrwhipper.com/

[ybbor]

I use bulliondirect.com. You can easily buy/sell ingots/coins in there system. When you purchase something, it is stored in there vault (and insured while it’s there). At any time, you can request physical delivery of some, or all of your gold/silver/etc.

I just like the idea that I have a little place in there vault holding my gold and silver… and if I’m ever feeling paranoid, I can click a button, and it’s physically in the mail to me.

My Blog
http://rvlife.mrwhipper.com/

[ybbor]

There is a fare chance that it will continue to fall…

Returning to the mean is relative… dollars are, like anything else affected by supply and demand. If the supply of dollars were consistent, then yes, we would return to the mean. However, that is far from the truth… the fed prints billions of new dollars, continuously adding to supply.

The amount of new dollars used to be a known number. The fed used to (until march of 2006) publish something called the M3. This number told investors the total number of dollars in circulation. For the past few years, this number has been growing at almost an exponential rate.

The reason the fed gave for discontinuing the M3 is totally bogus. They said that it cost to much money to compile this stats (funny statement coming for the people that print money out of thin air).

-Robby
http://rvlife.mrwhipper.com/
http://economist.mrwhipper.com/

[ybbor]

Great thread Idea.

I can’t wait to see how these number will progress over time.

Thanks!
-Robby
http://rvlife.mrwhipper.com/

[ybbor]

Thought this would go along with this post perfectly.

[img_assist|nid=1901|title=ARMs ready to reset|desc=Arms about to reset soon|link=node|align=left|width=422|height=310]

-Robby

http://rvlife.mrwhipper.com/

[ybbor]

A few things…Be wary of putting things you may need in a safe deposit box. This little piece of knowledge is being kept on the ‘down low’, and I don’t blame them.

http://economist.mrwhipper.com/?p=10

A family member from Irvine, CA (who’s a branch manager at Bank of America) told us two weeks ago that her bank held a “workshop” where the last two days were dedicated to discussing their bank’s new security measures. During these last two days, the workshop included members from the Homeland Security Office who instructed them on how to field calls from customers and what they are to tell them in the event of a national disaster. She said they were told how only agents from Homeland Security (during such an event) would be in charge of opening safe deposit boxes and determining what items would be given to bank customers.

At this point they were told that no weapons, cash, gold, or silver will be allowed to leave the bank – only various paperwork will be given to its owners. After discussing the matter with them at length, she and the other employees were then told not to discuss the subject with anyone.

The family member has since given her notice to quit the bank.

Also, a nice tidbit about the dollar and Iran

Most Americans probably don’t worry about Iran too much. Talk of it developing a nuclear bomb probably strikes a raw nerve—especially coupled with the Iranian president’s anti-Jew comments. But with our hectic lives, we have little time to think about it. The trouble is, Iran has been thinking a lot about you. Its leaders are keen on America’s destruction—and that means you. That’s why one of the most underreported stories of 2006 deserves America’s attention.

In March 2006, Iran is planning to launch an oil bourse. As it is understood, the bourse (a trading mechanism where someone sells and another buys) will sell oil in euros. Iran seeks to strike at the twin pillars of U.S. economic dominance: dollar reserves and confidence in the American economy.

My Blog
http://economist.mrwhipper.com/

[Author]

Posts