Backyard Aquaponics
A place to discuss aquaponics

Wow, a precious metals conspiracy topic on an aquaponics forum, that would be like having an aquaponics topic on a Precious metals forum, oh wait... http://forums.silverstackers.com/topic- ... -home.html

Sorry out of the loop for a couple days and slow to reply, any commodity can be turned into a bubble, as we saw even housing can be over inflated and burst, I cannot turn on the TV without being bombarded by these panic gold buying commercials and I have had no less then a couple hundred e-mails trying to sell me the stuff. Laws of supply and demand kick in when artificial demand drive prices up like that, the whole mess has driven a new gold rush where even an armature can turn a profit mining gold, the Discovery channel has an interesting show about that. Now that the panic buying is near saturation you will likely see the bubble burst though it won't be as bad as the tech or housing bubbles because gold will still have some value after the waves settle unlike shares of Amazon.com. Want to know a good tip for investing, when a specific investment becomes fashionable and is marketed on TV adds RUN the other way. Good investments don't need advertisements. Remember all the adds for books and classes on how to "flip" houses before 2008?
My Father is the most knowledgeable investor I know, I won't give out his portfolio number over the web but his worst year ever (2008) he "only" hit a 13% return. He has yet to ever buy any investment from an e-mail or TV commercial and the only gold he owns is on his ring finger.
Yes given the rate of inflation here in the states and in many countries in the world gold does make for a decent hedge (as do many stocks), but keeping up with inflation is a long way from real investing for a real profit.

It's not a conspiracy, jislizard. That would imply that a group of people deliberately, secretly try to achieve a certain goal. We are here talking about a group of people that only share one thing together; blind greed combined with ultimate stupidness under a sauce of misinterpretation of their own greatness.

The reason for that these people can be relatively successful is the existence of another group of people who find any kind of words or reasoning to keep their heads in the sand with their little brown stars upwards, ready to get screwed anytime.

Maybe it takes a couple of years, maybe decades, but sooner or later it will all stop. It's a dead end trail.

Only hit 13%? That would make him the greatest investor of all times. Give me his number, I will offer him 5 million dollar a year to come and work for me. Eh, but only if he can proof to me he made an average profit of at least 10 % annually in the last 20 years.

I'll let him know, he is happily retired but five mil might motivate him to get back to work even with his health problems. Do you run an investment firm?
He would need your contact info if he is interested.

Let him send his 20 years results to the email address here on byap forum. Oh, don't forget to back up everything with proof such like trading account outputs and bank statements. After all, everybody can say something silly. But proofing it beyond doubt is another thing.

Ha I thought i seen you over there !!

I don't think Europe is doing all that great either. So far, America hasn't started closing banks and taking citizens money straight from their accounts (not yet anyways). Unfortunately the same can't be said for cyprus.

In other news:

http://m.rollingstone.com/?redirurl=/po ... t-20130425

Supposedly the biggest banker scandel ever.
Sent from my DROID SPYDER using Tapatalk 2

Nope... they just gave the peoples money to the banks... and auto makers...to bail them out of their poor management situations... so that the managers could keep drawing their $million bonuses....

FYI.

A couple of weeks ago the gold shops in Bangkok were overflowing with people trading gold. Didn't see that before in the last 5 years. It seems that Asians have more affinity with gold than Westerners. They certainly don't deal in paper contracts, but want to touch the stuff they buy.

If you know the right addresses it is no problem at all to buy physical gold in any amount at any time of the day. So if the stuff is scarce than certainly not here!

Specially the Chinese put their trust into gold, not in any paper government stuff. With their long lasting culture, reaching back thousands of year, I tend to put more trust into the Chinese approach then the risky Western paper trade.

Another interesting happening is the German request to the US to count the gold they have in store there. Up to now the US gave no clear answer or even came close to some kind of rough estimate. Now, why would it be so difficult to go into the safe, count the German bars and send them the info? Is it because if they state everything is there, the Germans might ask to send it all back to store at home and it than would turn out the stuff is no longer complete or not even there anymore?

All financial institutes under control of the central banks are requested to supply end of month/year statements within a week after closing. And the gold statements that indicate the total gold reserves of a country have a freshness of about a year or two. Isn't that remarkable if you consider the alleged accuracy and sophistication of accountancy that these institutes and countries pretend to have?

Now, I guess either they don't want you to know what is really there or they buy themselves time to find a solution for the gold that disappeared during the years, due to illegal trading with it. Buying time we have seen is the most likely answer. Buying time for the unavoidable collapse of the present economic system, buying time to steal and robe as much as possible to secure own futures, buying time to find enough BS stories to cover up.

Whatever, if I want some, I'll just go to the Bangkok shops and get me some.

There is plenty of gold available on the wholesale market. The local refiners we bring ours too have hundreds of bars in all shapes,sizes and karat available and will process it into wire for solder and whatever you want. If anything that last dip in price spooked a lot of people from the gold market. I work in a store that has a gold buying department and 2-3 hours of my day are spent there when its busier like lately as people saw the price drop and thought its time to dump their old gold items. I think the people that dumped at over 1700usd did the best I really don't see it going past that again any time soon as the economy seems to slowly be getting better around this area.

The shop owner is still a gold freek and will hold all of it thinking the liberals are going to kill the country and the NRA will swoop in to defend us all then ronald regans ghost will need gold bullion as payment to breath fire on the democrats or something. I buy and hold silver as when the economy gets better that one seems to do well and my boss won't touch silver. Even When I just buy some and resell on a small upswing it does well for a quick profit.

I have been thinking of getting a penny sorting project going as its a solid way to get copper plus counting change can get you a 5-8% fee for sorting or you sort then charge no fee if its spent in the store. Copper will be a nice steady climbing investment and a pile of pennies in garbage cans is not really that big. If one was to sell enough of the copper pennies sorted to cover the running cost of the operation then horde the profits it seems feasible.

The problem with that is that pennies have very little real copper.

Pre 1982 they were 95% copper.
That's why they are sorted.
You only keep the pennies made in 1981 or earlier

That works out to about 2c worth of copper per penny

Sure, but you have to go through a lot of pennies to find any that old...