Buy 1 ounce gold. End Giant Bank's $15,000,000,000,000 cartel

[First77]

Gold price was $1660/ounce in 2013. Now Gold is $1200/ounce. Silver fell to $15/ounce from $50/ounce. Stock markets/DOW Jones have gone up from 14000 to 26000.

The cartel of giant banks like Goldman Sachs, JP Morgan, HSBC etc who are worth multi-trillion dollars are nothing but they have all the money from worldwide people which they use to bring down gold and silver price and push up stock markets [money creating money or money from thin air]. The useless wealth management programs offered by these giant banks.

HSBC was involved in $100 billion money laundering.

If worldwide people buy 1 ounce Gold themselves there is no way these giant banks will have the money to crash bullion price and take Apple inc. to $1,000,000,000,000.

Apple Inc. worth is not more than $100 billion.

Gold at $2500/ounce and Silver at $60/ounce is the right price for bullion/precious metals.

[RockBar0]

Listen to your property statistics. I feel puzzled and very excited. Buy 1 ounce gold. End Giant Bank's $15,000,000,000,000 cartel

[The Sceptical Chymist]

Silver at $50/ounce was a fluke, just like it was in 1980.  You might have to wait 35 years before it ever hits that mark again, and why would you want to take a chance that it may never get there?  Silver has a history of doing absolutely nothing for decades--same thing for gold. 

If you like coins with precious metals in them, that's one thing.  It's quite another to buy metals as investments.  I would suggest that it isn't a good idea.  I've been watching the market for years now, and I hear rhetoric like what OP spouted all the time.  "Buy silver, crash JP Morgan" was one of the things people used to write a few years ago.  It's always "If X happens, silver will explode" and somehow this never happens.  You would have made so much more money investing in bitcoin or the stock market in the last 7 years than buying gold or silver.

[stompix]

Gold at $2500/ounce and Silver at $60/ounce is the right price for bullion/precious metals.

Whenever I hear somebody claiming that x is the right price for something I'm thinking x/2 is more accurate.
And not just for gold, silver or bitcoin. Everything else.

Btw, is this neverending saga of your on bitcointalk, have you managed to get at least somebody to sell his bitcoins for gold?

[First77]

"Buy silver, crash JP Morgan" was one of the things people used to write a few years ago.

Now "Buy 1 ounce gold, crash the giant banks" has come. Gold price is $1200/ounce

[goodman4hire]

LOL and people want the ETF to pass!!!

I have done my part with gold and silver.  I have more than I can carry so I stopped purchasing. 

 

[First77]

I have done my part with gold and silver.  I have more than I can carry so I stopped purchasing.  

What about this ??




That is worldwide people's trust in Gold because some $40,000,000,000,000 is invested in Gold.

[renes]

That's same with let's buy bitcoin and pump it to $1,000,000, you can personally do nothing to influence people, but they have power and influence people to what to do 

[1Referee]

Btw, is this neverending saga of your on bitcointalk, have you managed to get at least somebody to sell his bitcoins for gold?

People heavily struggle to sell their Gold for fiat at spot prices in the local market here. If you try to sell your Gold to a pawn shop or jeweler they'll mostly offer you a price that could range from 5-10% below spot price, which isn't really that convincing. Why should people buy into this? I can sell my Bitcoins over spot value at any time of the day locally, or at spot value through exchanges. I can use Bitcoin as money as well, where if you try that with Gold you'll be declared a nutter.

Buy 1BTC (or less if you can't afford it) and you'll see that every government and corporation won't be able to mock you any longer as fourth class citizen.

[MinerHQ]

Btw, is this neverending saga of your on bitcointalk, have you managed to get at least somebody to sell his bitcoins for gold?

People heavily struggle to sell their Gold for fiat at spot prices in the local market here. If you try to sell your Gold to a pawn shop or jeweler they'll mostly offer you a price that could range from 5-10% below spot price, which isn't really that convincing. Why should people buy into this? I can sell my Bitcoins over spot value at any time of the day locally, or at spot value through exchanges. I can use Bitcoin as money as well, where if you try that with Gold you'll be declared a nutter.

Buy 1BTC (or less if you can't afford it) and you'll see that every government and corporation won't be able to mock you any longer as fourth class citizen.

Are you selling gold ornaments or gold coins? Both got a lot of difference.

Offcourse if you try to sell your ornaments mostly no one will buy at market price because it is not a pure gold anymore. But if you try to sell your gold coins then I don't think people will ask for 5 to 10% discount, that is too much. If I'm not wrong you sell your gold coins (pure gold coins) around 1% to 2% less than the market price. If your lucky and if gold demand is high in a certain time then you may get a deal market price as well.

[Lucius]

That is worldwide people's trust in Gold because some $40,000,000,000,000 is invested in Gold.

Your obsession with gold and silver still continues, and the amount of nonsense that you manage to write is constantly increases. Do you ever know what number you copy/paste from somewhere? It is 40 trillion $, and last year gold reserve at 1250$ per ounce was in total 7.5 trillion $.

https://en.wikipedia.org/wiki/Gold_reserve

You are promoting gold and silver on a forum dedicated to cryptocurrency, and you do not know that billions on this world live in poverty. They can not buy one ounce of gold to make your dream true...

[First77]

That's same with let's buy bitcoin and pump it to $1,000,000, you can personally do nothing to influence people, but they have power and influence people to what to do  

Buy, buy, buy, buy..... That is the $40,000,000,000,000 financial markets [stock markets, gold, silver, now bitcoin etc.....]

But Gold is store of value and 10% to 20% profit per year is legitimate and no gambling/casino.

[1Referee]

Are you selling gold ornaments or gold coins? Both got a lot of difference.

Offcourse if you try to sell your ornaments mostly no one will buy at market price because it is not a pure gold anymore. But if you try to sell your gold coins then I don't think people will ask for 5 to 10% discount, that is too much.

I'm actually referring to .999 Gold coins/bars. I have seen how the availability of Gold locally has increased a lot, and looking at Gold's performance throughout the last years, it doesn't surprise me at all that people are looking to get rid of this precious metal. People don't only see the value of their Gold holdings decrease, but they also have to swallow a loss in purchasing power on top of that.

If I'm not wrong you sell your gold coins (pure gold coins) around 1% to 2% less than the market price. If your lucky and if gold demand is high in a certain time then you may get a deal market price as well.

Not sure where you're from, but I'm from Europe and not one single store locally wanted to buy Gold 1-2% below spot value. They're just not interested. I don't even blame them with how the Gold market keeps tanking. 5-10% below spot value grants them some extra breathing space to not lose out on transactions with how consistently the price keeps going down.

[xtraelv]

If you owned gold in 1933 you would have had it seized under executive order 6102 forbidding personal gold ownership. Try taking gold across borders.

Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars and certificates by an act of Congress codified in Pub.L. 93–373[1] which went into effect December 31, 1974. The order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act the previous month.

https://en.wikipedia.org/wiki/Executive_Order_6102



From 1934 to 1974 gold basically didn't rise. How do you know that they are not just "letting you buy it" so they can seize it again ? In the meantime manipulating the bubble.

Gold Reserve Act

The Gold Reserve Act outlawed most private possession of gold, forcing individuals to sell it to the Treasury, after which it was stored in United States Bullion Depository at Fort Knox and other locations. The act also changed the nominal price of gold from $20.67 per troy ounce to $35. This price change incentivized foreign investors to export their gold to the United States, while simultaneously devaluing the U.S. dollar in an attempt to spark inflation.

https://en.wikipedia.org/wiki/Gold_Reserve_Act

The Gold Clause Cases were a series of actions brought before the Supreme Court of the United States, in which the court narrowly upheld restrictions on the ownership of gold implemented by the administration of U.S. President Franklin D. Roosevelt in order to fight the Great Depression.

https://en.wikipedia.org/wiki/Gold_Clause_Cases

Frederick Barber Campbell (who was actually convicted under the Gold Reserve Act's predecessor, Executive Order 6102), was convicted of hoarding gold when he tried to withdraw 5,000 troy ounces of gold he had at Chase National Bank. Foreign companies even had their gold confiscated. The Uebersee Finanz-Korporation, a Swiss banking company, had $1,250,000 in gold coins that were being held in the United States.

https://en.wikipedia.org/wiki/Gold_Reserve_Act



Gold price in bitcoin...

Your sales pitch is DESTROYED

[bobo012]

Gold is manipulated heavily. Its price should be higher, but it is in someones interest to chrush the price. I hope it will get its deserved valuation in the future, as economy is crumbling and fiat is worthless.

[stompix]

Not sure where you're from, but I'm from Europe and not one single store locally wanted to buy Gold 1-2% below spot value. They're just not interested. I don't even blame them with how the Gold market keeps tanking. 5-10% below spot value grants them some extra breathing space to not lose out on transactions with how consistently the price keeps going down.

You're lucky you could find a store that is accepting your gold...
Here there isn't a single one doing so, all you can do with gold is to go to a pawn shop, accept a 10-20%  fee and leave it there forever.

The only ones to which you could actually sell gold are the guys you find on private ads, but the prices they offer you are outrageous.

Back in 2009 my family had a few serious problems, my parent's business had to collect about 100 000 euros, we had some nasty expenses coming up so, credit line almost maxed up...so we thought of selling some jewelry to keep the business running for at least a month or two...the best offer we had would have meant a cut of about 30% compared to the store value of the rings and necklaces.
Of course, we decided not to sell.

[cellard]

Silver hasn't been money in ages, it's over, im sorry to tell you. Gold's massive marketcap and network effect is amazing, I would be willing to buy some, however, since bitcoin exists, im not sure why would I even bothered.

The cumbersome experience of trying to cross borders with gold has already been addressed numerous times, but seems like numerous times is not enough for goldbugs.

Bitcoin solves the problem of needing to hold something physical which you cannot replicate backup copies off, which is huge and this single reason makes it very undervalued at current prices, but for some reason not being a tangible good makes goldbugs consider it some sort of scam or not safe, when it's a strong point.

I can't wait to see Bitcoin hit the first trillion USD marketcap milestone. I predict by then some goldbugs will start assuming they made a mistake not buying earlier and hopefully by then they are diversifying a bit with some BTC.

[OTR]

Gold is useful if you want a conductor that doesn't tarnish over time. It's price is probably dominated by jewellery/cost of extraction. It's value is most likely sentimental, if not downright mystical.

I personally think it's a bad investment choice. I think Bitcoin (and cryptocurrencies in general) are forcing a dialogue that's making people consider what value is and how it's applied. I don't think Gold will make the cut when we shift paradigms.

[First77]

People heavily struggle to sell their Gold for fiat at spot prices in the local market here. If you try to sell your Gold to a pawn shop or jeweler they'll mostly offer you a price that could range from 5-10% below spot price, which isn't really that convincing.

Speak to reputed online gold and silver dealers [bullion] for all the information you need. They are professionals. Do not go to other people for the information.

Other people will give you the right information but they are also busy.

[usorin]

Everything sounds interesting, it is another perspective but i believe that at the end of the post there are too many zeros.