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Posts: 183
Default gold stupid

In article ,
says...

On Fri, 29 Jul 2011 13:45:13 -0400,
wrote:

On Thu, 28 Jul 2011 21:11:01 -0600, Canuck57
wrote:

On 28/07/2011 7:05 PM,
wrote:

The strange thing is the gold bugs seem to know the housing boom was
not real. Look at the gold chart for the 2000s.

Much of how high gold goes will be a function on how long Bernanke keeps
printing money in the ruse of US treasury borrowing. The more
borrowing, the more the money print, the more inflation will drive gold.
If money print actually stops, gold could see a top and fall back a bit.


I imagine the gold traders realized all of the derivatives they were
creating in the 2000s were essentially printing money that didn't
really exist and that is why gold went up.

I have some silver coin at 5x face but not the pickup truck load I
should have bought

Ditto, I have 18 one ounce coin pieces in a safety deposit box. Bought
a Canadian Silver Mint batch. Took two home, bought them when I met my
lovely wife and that is why 2 are at home. Hard to believe how much
that has appreciated. Have some gold too but no clue how much they
weight in at.


I bought a $1000 bag of quarters (about $5000)

I should have bought more but I was taking them on a plane and I was
trying to make my carry on reasonable. Coins did not trigger a sales
tax in Georgia at the time, it would have been 6% of $4000 in Florida.
(the difference between the price and "face"). This was prior to TSA
but I still had to go through a metal detector. The rentacop was
curious but they let me go through.


Oh good grief. You bought a bag of quarters? You must drink a lot of
pop. What a total fool. Quarters???


You're slipping, girl, you forgot to call him a moron and a racist.
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First recorded activity by BoatBanter: Oct 2009
Posts: 6,596
Default gold stupid

On 30/07/2011 12:27 PM, wrote:
On Sat, 30 Jul 2011 12:09:59 -0600,
wrote:

On 30/07/2011 10:35 AM,
wrote:
On Sat, 30 Jul 2011 09:17:20 -0400, wrote:

In ,
says...

On Fri, 29 Jul 2011 13:45:13 -0400,
wrote:


I bought a $1000 bag of quarters (about $5000)

I should have bought more but I was taking them on a plane and I was
trying to make my carry on reasonable. Coins did not trigger a sales
tax in Georgia at the time, it would have been 6% of $4000 in Florida.
(the difference between the price and "face"). This was prior to TSA
but I still had to go through a metal detector. The rentacop was
curious but they let me go through.


Oh good grief. You bought a bag of quarters? You must drink a lot of
pop. What a total fool. Quarters???

You're slipping, girl, you forgot to call him a moron and a racist.


Yup I am a complete moron



Quantity: 4000
Coin Type: 1932-1964 Washington Quarter
Silver Price: $39.90 / troy ounce


Total silver value is $28,863.33.


(as of Friday)


Probably worth much more as collectors items.

These are not really collector grade coins. They have the worse than
the normal wear you see on the ones in your pocket. I am sure they
were picked over, looking for collectable dates, many times before
they made it to the "melt weight" bag.


Good investment none the less.
--
Seems like paying your bills with real money is no longer the accepted
behavior in USA. Perhaps that is the problem and not the the solution.
  #4   Report Post  
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First recorded activity by BoatBanter: Oct 2010
Posts: 4,021
Default gold stupid

On Sat, 30 Jul 2011 12:29:57 -0600, Canuck57
wrote:

On 30/07/2011 12:27 PM, wrote:
On Sat, 30 Jul 2011 12:09:59 -0600,
wrote:

On 30/07/2011 10:35 AM,
wrote:
On Sat, 30 Jul 2011 09:17:20 -0400, wrote:

In ,
says...

On Fri, 29 Jul 2011 13:45:13 -0400,
wrote:


I bought a $1000 bag of quarters (about $5000)

I should have bought more but I was taking them on a plane and I was
trying to make my carry on reasonable. Coins did not trigger a sales
tax in Georgia at the time, it would have been 6% of $4000 in Florida.
(the difference between the price and "face"). This was prior to TSA
but I still had to go through a metal detector. The rentacop was
curious but they let me go through.


Oh good grief. You bought a bag of quarters? You must drink a lot of
pop. What a total fool. Quarters???

You're slipping, girl, you forgot to call him a moron and a racist.


Yup I am a complete moron



Quantity: 4000
Coin Type: 1932-1964 Washington Quarter
Silver Price: $39.90 / troy ounce


Total silver value is $28,863.33.


(as of Friday)

Probably worth much more as collectors items.

These are not really collector grade coins. They have the worse than
the normal wear you see on the ones in your pocket. I am sure they
were picked over, looking for collectable dates, many times before
they made it to the "melt weight" bag.


Good investment none the less.


But, perhaps not the best. But, of course someone like you doesn't
have two to rub together.
  #5   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Oct 2010
Posts: 4,021
Default gold stupid

On Sat, 30 Jul 2011 14:27:22 -0400, wrote:

On Sat, 30 Jul 2011 12:09:59 -0600, Canuck57
wrote:

On 30/07/2011 10:35 AM,
wrote:
On Sat, 30 Jul 2011 09:17:20 -0400, wrote:

In ,
says...

On Fri, 29 Jul 2011 13:45:13 -0400,
wrote:


I bought a $1000 bag of quarters (about $5000)

I should have bought more but I was taking them on a plane and I was
trying to make my carry on reasonable. Coins did not trigger a sales
tax in Georgia at the time, it would have been 6% of $4000 in Florida.
(the difference between the price and "face"). This was prior to TSA
but I still had to go through a metal detector. The rentacop was
curious but they let me go through.


Oh good grief. You bought a bag of quarters? You must drink a lot of
pop. What a total fool. Quarters???

You're slipping, girl, you forgot to call him a moron and a racist.


Yup I am a complete moron



Quantity: 4000
Coin Type: 1932-1964 Washington Quarter
Silver Price: $39.90 / troy ounce


Total silver value is $28,863.33.


(as of Friday)


Probably worth much more as collectors items.

These are not really collector grade coins. They have the worse than
the normal wear you see on the ones in your pocket. I am sure they
were picked over, looking for collectable dates, many times before
they made it to the "melt weight" bag.


No kidding. Really?


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posted to rec.boats
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First recorded activity by BoatBanter: Oct 2009
Posts: 6,596
Default gold stupid

On 30/07/2011 9:32 PM, wrote:
On Sat, 30 Jul 2011 12:35:41 -0400,
wrote:

On Sat, 30 Jul 2011 09:17:20 -0400, wrote:

In ,
says...

On Fri, 29 Jul 2011 13:45:13 -0400,
wrote:


I bought a $1000 bag of quarters (about $5000)

I should have bought more but I was taking them on a plane and I was
trying to make my carry on reasonable. Coins did not trigger a sales
tax in Georgia at the time, it would have been 6% of $4000 in Florida.
(the difference between the price and "face"). This was prior to TSA
but I still had to go through a metal detector. The rentacop was
curious but they let me go through.


Oh good grief. You bought a bag of quarters? You must drink a lot of
pop. What a total fool. Quarters???

You're slipping, girl, you forgot to call him a moron and a racist.



Yup I am a complete moron



Quantity: 4000
Coin Type: 1932-1964 Washington Quarter
Silver Price: $39.90 / troy ounce


Total silver value is $28,863.33.


(as of Friday)


You bought a $1000 for $5000 or $5000 or $1000, and what cost $4000?
Of course, you didn't say when you bought them or any other details.
They're 90% silver. You don't say when you bought them, so another
investment might have been better.

http://genxfinance.com/a-visual-hist...rom-1996-2007/

Of course, you're too much of a baby to actual have a reasonable
debate and show some facts.


Funny, written in 2007 and last advices was keep doing what you were
doing. No showing the 2008 carnage and 2009 bounce back.

Good time to be in cash, as even once Obama gets his cash, more debt has
begotten bigger problems ever since democrats of 2006. Isn't gong to
change. Best case scenario for the USA is a Japan like lost decades.
Stagnant wages, inflation and high unemployment. Screwing the middle
class like debt-tax slaves.

USA needs a new revolution.
--
Seems like paying your bills with real money is no longer the accepted
behavior in USA. Perhaps that is the problem and not the the solution.
  #8   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Oct 2010
Posts: 4,021
Default gold stupid

On Sat, 30 Jul 2011 23:15:11 -0600, Canuck57
wrote:

On 30/07/2011 9:32 PM, wrote:
On Sat, 30 Jul 2011 12:35:41 -0400,
wrote:

On Sat, 30 Jul 2011 09:17:20 -0400, wrote:

In ,
says...

On Fri, 29 Jul 2011 13:45:13 -0400,
wrote:


I bought a $1000 bag of quarters (about $5000)

I should have bought more but I was taking them on a plane and I was
trying to make my carry on reasonable. Coins did not trigger a sales
tax in Georgia at the time, it would have been 6% of $4000 in Florida.
(the difference between the price and "face"). This was prior to TSA
but I still had to go through a metal detector. The rentacop was
curious but they let me go through.


Oh good grief. You bought a bag of quarters? You must drink a lot of
pop. What a total fool. Quarters???

You're slipping, girl, you forgot to call him a moron and a racist.


Yup I am a complete moron



Quantity: 4000
Coin Type: 1932-1964 Washington Quarter
Silver Price: $39.90 / troy ounce


Total silver value is $28,863.33.


(as of Friday)


You bought a $1000 for $5000 or $5000 or $1000, and what cost $4000?
Of course, you didn't say when you bought them or any other details.
They're 90% silver. You don't say when you bought them, so another
investment might have been better.

http://genxfinance.com/a-visual-hist...rom-1996-2007/

Of course, you're too much of a baby to actual have a reasonable
debate and show some facts.


Funny, written in 2007 and last advices was keep doing what you were
doing. No showing the 2008 carnage and 2009 bounce back.

Good time to be in cash, as even once Obama gets his cash, more debt has
begotten bigger problems ever since democrats of 2006. Isn't gong to
change. Best case scenario for the USA is a Japan like lost decades.
Stagnant wages, inflation and high unemployment. Screwing the middle
class like debt-tax slaves.

USA needs a new revolution.


You need a mental nurse.
  #9   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Jul 2011
Posts: 74
Default gold stupid

On 7/30/2011 11:32 PM, wrote:
On Sat, 30 Jul 2011 12:35:41 -0400,
wrote:

On Sat, 30 Jul 2011 09:17:20 -0400, wrote:

In ,
says...

On Fri, 29 Jul 2011 13:45:13 -0400,
wrote:


I bought a $1000 bag of quarters (about $5000)

I should have bought more but I was taking them on a plane and I was
trying to make my carry on reasonable. Coins did not trigger a sales
tax in Georgia at the time, it would have been 6% of $4000 in Florida.
(the difference between the price and "face"). This was prior to TSA
but I still had to go through a metal detector. The rentacop was
curious but they let me go through.


Oh good grief. You bought a bag of quarters? You must drink a lot of
pop. What a total fool. Quarters???

You're slipping, girl, you forgot to call him a moron and a racist.



Yup I am a complete moron



Quantity: 4000
Coin Type: 1932-1964 Washington Quarter
Silver Price: $39.90 / troy ounce


Total silver value is $28,863.33.


(as of Friday)


You bought a $1000 for $5000 or $5000 or $1000, and what cost $4000?
Of course, you didn't say when you bought them or any other details.
They're 90% silver. You don't say when you bought them, so another
investment might have been better.

http://genxfinance.com/a-visual-hist...rom-1996-2007/

Of course, you're too much of a baby to actual have a reasonable
debate and show some facts.


Greg told you a while ago that he is ignoring you. He made a good
decision and I'm glad he hasn't backed down on it. If your brain wave
was anything but a DC level, you would realize you have no one left to
debate with. Cannuck isn't debating with you. He's just stirring you
flat liners up a bit.
  #10   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Oct 2010
Posts: 4,021
Default gold stupid

On Sun, 31 Jul 2011 14:30:20 -0400, wrote:

On Sat, 30 Jul 2011 20:32:05 -0700,
wrote:

On Sat, 30 Jul 2011 12:35:41 -0400,
wrote:

On Sat, 30 Jul 2011 09:17:20 -0400, X-Man wrote:

In article ,
says...

On Fri, 29 Jul 2011 13:45:13 -0400,
wrote:


I bought a $1000 bag of quarters (about $5000)

I should have bought more but I was taking them on a plane and I was
trying to make my carry on reasonable. Coins did not trigger a sales
tax in Georgia at the time, it would have been 6% of $4000 in Florida.
(the difference between the price and "face"). This was prior to TSA
but I still had to go through a metal detector. The rentacop was
curious but they let me go through.


Oh good grief. You bought a bag of quarters? You must drink a lot of
pop. What a total fool. Quarters???

You're slipping, girl, you forgot to call him a moron and a racist.


Yup I am a complete moron



Quantity: 4000
Coin Type: 1932-1964 Washington Quarter
Silver Price: $39.90 / troy ounce


Total silver value is $28,863.33.


(as of Friday)


You bought a $1000 for $5000 or $5000 or $1000, and what cost $4000?
Of course, you didn't say when you bought them or any other details.
They're 90% silver. You don't say when you bought them, so another
investment might have been better.

http://genxfinance.com/a-visual-hist...rom-1996-2007/

Of course, you're too much of a baby to actual have a reasonable
debate and show some facts.


Countering my better judgment I will answer you.

I thought it was obvious but here goes
$1000 "face" (4000 quarters) cost $5000 around 2002, that is $4000
more than face so you would pay a sales tax on that part in a lot of
states (not Ga at the time)
It is selling more like 29 times face now so that is a 500% return, It
has spiked higher recently.
There may be some stocks that did that but you would not get it from
any fund.
You can also sell these coins tax free, add another 28%.


So, you spent $4000. Ok. Got that. Then, you claim it's gone up 500%.
Fine. You claim it's now worth $28K. Ok, but that's melt down value,
assuming you can separate the silver from the copper efficiently, and
assuming it's legal to melt coins down, which I believe ended in 2006.
You could also give them to your kids tax free, but the same basic
problem would be there.

4000 quarters is really not a liquid investment, unless you like
paying for things in quarters, but that would remove the profit.
They're also subject to theft at about 50 lbs.

http://www.coinflation.com/coins/193...ter-Value.html

http://www.moneyweek.com/articles/mo...-down-us-coins

So, where's the great investment? A general index fund would have been
about double today what it was in 2002, give or take. If you've got
guts, you might be able to improve that with stock or even currency
arbitrage.


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