The USA has no gold in fort knox

Harry_Powell

pelirocco wrote: »

Have you read the posts in this forum? , have many of them anything to do with with house prices / economy?

Exactly, but should that stop us from trying to keep threads on topic?

Mr. English is a salesman, PM him and he'll sell you some gold or silver. MSE is his shopwindow and hence why he's got so many pro-gold/silver threads on the go. Good sales tactics TBH and good luck to him if people on here are stupid enough to fall for it all.

pelirocco

DiggerUK wrote: »

The strength of the money that an economy uses can be measured by the price of gold (pog).
The more debased and inflated the currency is, the higher the price of gold in fiat.
Do you think the pog has gone to the levels it has because of a few gold bugs buying?
Gold has everything to do with the economy, and consequently the price of everything, not just houses.

Not quite sure why you quoted me , but my post was a tongue in cheek reply to someones post , I wasnt the one asking why this thread was in this forum?

pelirocco

Harry_Powell wrote: »

Exactly, but should that stop us from trying to keep threads on topic?

Mr. English is a salesman, PM him and he'll sell you some gold or silver. MSE is his shopwindow and hence why he's got so many pro-gold/silver threads on the go. Good sales tactics TBH and good luck to him if people on here are stupid enough to fall for it all.

I tend to just click read new posts , so haven't noticed him before .

Harry_Powell

pelirocco wrote: »

I tend to just click read new posts , so haven't noticed him before .

He was on the investment board (where all this gold talk should be) touting for business. As I said, anyone who buys gold because of a bit of ramping on an internet forum deserves whatever they get, and what they're probably getting is something like this...

http://www.juniorgeo.co.uk/shop/index.php?category=2&shop_category_id=21&gclid=CJGKg-LCx6ECFRaZ2AodBRr2BQ


...because, let's face it, how does the ordinary 'man in the street' know how pure his internet purchased gold is, or indeed if there is any gold in it at all!

MrEnglish

Harry_Powell wrote: »

He was on the investment board (where all this gold talk should be) touting for business. As I said, anyone who buys gold because of a bit of ramping on an internet forum deserves whatever they get, and what they're probably getting is something like this...

http://www.juniorgeo.co.uk/shop/index.php?category=2&shop_category_id=21&gclid=CJGKg-LCx6ECFRaZ2AodBRr2BQ


...because, let's face it, how does the ordinary 'man in the street' know how pure his internet purchased gold is, or indeed if there is any gold in it at all!

Good point Harry.

If the bar has a recognised hallmark stamped right on it, and a certificate with matching serial number (like all the bars I sell) then you are pretty safe.

nearlynew

Harry_Powell wrote: »

...because, let's face it, how does the ordinary 'man in the street' know how pure his internet purchased gold is, or indeed if there is any gold in it at all!

You could use one of these.........

http://www.fisch.co.za/home.htm

Harry_Powell

MrEnglish wrote: »

Good point Harry.

If the bar has a recognised hallmark stamped right on it, and a certificate with matching serial number (like all the bars I sell) then you are pretty safe.

Yes, because it's so difficult to stamp a bar of iron pyrite with a logo and knock up a fancy looking certificate...

http://www.runtogold.com/2010/03/fake-tungsten-gold-found/

http://www.greatamericancoincompany.com/REPLICA-GOLD-BARS-c35.html?gclid=CPrFo5SNyKECFVWY2AodXElr-Q

As I said, anyone buying from a bloke on an internet forum needs to have his bumps read.

nearlynew wrote: »

You could use one of these.........

http://www.fisch.co.za/home.htm

Not much use for bullion, plus you need a different one per coin type and they're not exactly cheap!

Shame the bank of Ethiopia didn't know how to tell fake from real:
http://news.bbc.co.uk/1/hi/7315137.stm

MrEnglish

Silver is passing £13.20 as I type this!

When is it going to stop going up so sharply?

Harry_Powell

MrEnglish wrote: »

Silver is passing £13.20 as I type this!

When is it going to stop going up so sharply?

Yes, passing £13.20 as it FALLS from £13.22 to the current price of £13.15.

Amazing profits to be made, well once you've paid the 17.5% VAT on your silver purchase. :rotfl:

MrEnglish

Harry_Powell wrote: »

Yes, passing £13.20 as it FALLS from £13.22 to the current price of £13.15.

Amazing profits to be made, well once you've paid the 17.5% VAT on your silver purchase. :rotfl:

Yes over 13 quid an oz. People were surprised only recently when it went over 10.


A lot of people dont understand that when you buy silver in the Uk yes you pay VAT but then thats what its worth when you sell it.