PRECIOUS METALS PRICES DOMESTICALLY VS INTERNATIONALLY

925dealer · **Posted:** Wed Feb 18, 2009 8:56 pm

For those who have not noticed Gold has reached new heights overseas (outside the USA) and continues to head higher. The US dollar is also strengthening compared to foreign currencies.

Why is the dollar going up at the same time as precious metals on the international market? The reason being is that an article has exposed the European Union as having deeper banking troubles than even the fiasco of ours here in America. The Europeans banks are 25 TRILLION (that is with a T folks) in the hole and their problems are sure to continue to get worse.

Even with the US dollar losing real purchasing power it is still the strongest of all fiat currency's which will help our imports by keeping prices low but will destroy our export market. We will continue trading more of our worthless green paper and bonds to foreignors who in turn will send us their stuff. This trend cannot continue forever though as ALL foreign governments are spending less on our bonds and are trying to take care of their own problems back at the home front.

Things are getting very scary folks. This whole fiasco is about control and we average joe's are at their mercy although us precious metals holders less so than the common person on the street. Evidence is showing that the supermoney is buying gold and silver as well as mines and shares in both the gold etf GLD and silver etf SLV. THE GOLD AND SILVER MARKET IS VERY TINY.

Only time will tell if these people are buying real metal or paper derivatives (I vote paper). Only owning PHYSICAL gold and silver is acceptable now. The two etf's have added too much "metal" in the last couple of months. Where is this "metal" coming from? We do not know as it is not showing up in any of the places people would expect to see ie. Comex etc. The house of cards only needs a slight breeze to blow it down. Let's help apply some pressure. Got physical gold and silver? Sincerely, John Leckrone

torpedoman · **Joined:** Fri Oct 02, 2009 7:44 pm **Posts:** 29

925dealer wrote:

For those who have not noticed Gold has reached new heights overseas (outside the USA) and continues to head higher. The US dollar is also strengthening compared to foreign currencies.

Why is the dollar going up at the same time as precious metals on the international market? The reason being is that an article has exposed the European Union as having deeper banking troubles than even the fiasco of ours here in America. The Europeans banks are 25 TRILLION (that is with a T folks) in the hole and their problems are sure to continue to get worse.

Even with the US dollar losing real purchasing power it is still the strongest of all fiat currency's which will help our imports by keeping prices low but will destroy our export market. We will continue trading more of our worthless green paper and bonds to foreignors who in turn will send us their stuff. This trend cannot continue forever though as ALL foreign governments are spending less on our bonds and are trying to take care of their own problems back at the home front.

Things are getting very scary folks. This whole fiasco is about control and we average joe's are at their mercy although us precious metals holders less so than the common person on the street. Evidence is showing that the supermoney is buying gold and silver as well as mines and shares in both the gold etf GLD and silver etf SLV. THE GOLD AND SILVER MARKET IS VERY TINY.

Only time will tell if these people are buying real metal or paper derivatives (I vote paper). Only owning PHYSICAL gold and silver is acceptable now. The two etf's have added too much "metal" in the last couple of months. Where is this "metal" coming from? We do not know as it is not showing up in any of the places people would expect to see ie. Comex etc. The house of cards only needs a slight breeze to blow it down. Let's help apply some pressure. Got physical gold and silver? Sincerely, John Leckrone

What metal? These ETF's are scams and cons they have no metal at least not enouhg to cover their holders.

fleadermouse · **Posted:** Thu Oct 22, 2009 7:16 pm

I agree physical PM's in your possession are the only true hedge. Even "physical" PM's in an IRA could be lost if things get really crazy.

Paper gold is just like any other paper "money" look what happened to paper gold under FDR. Keep a reasonable portion of your PM's physical and in your posession

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PRECIOUS METALS PRICES DOMESTICALLY VS INTERNATIONALLY

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