[truecougarblue]

You better have a really good reason to exchange your bullion for paper money in this environment.

[Jellric]

$this->bbcode_second_pass_quote('', 'Y')ou better have a really good reason to exchange your bullion for paper money in this environment.

[Baldwin]

I would sell via ebay or to a dealer in your area.

Are you sure that you wish to trust a litany of disadvantaged postal workers with your gold?

[Heineken]

I see you still have that fear about mailing gold, Baldwin. Use registered mail; it's as good as gold.

[Jellric]

I sold some coins to goldmasters. I insured it but didn't send it registered mail. Hopefully everything will be fine.

[Baldwin]

$this->bbcode_second_pass_quote('Heineken', 'I') see you still have that fear about mailing gold, Baldwin. Use registered mail; it's as good as gold.

[Jellric]

$this->bbcode_second_pass_quote('Heineken', 'w')ww.goldmastersusa.com

[Pretorian]

I got a lot of scrap gold and silver. Some of it is wearable , some broken, some looks like brand-new ( chains, ets). The question is rising, what to do with all this stuff, particularly with broken pieces? Should I put into acid and melt it into ingot? Should I sell it to some dealer? The best one I could find offers 98.5 % of spot (gold), and I am afraid he also has some nasty surprises in the sleeve.

[Revi]

I just wanted to get this thread going again. What do you think will happen with PM's? Gold was up about 7-10% last year, while the stock market was up 16% worldwide. Will it keep going up, or have we reached a peak? I have no idea, but it would be interesting to hear what other people think about it. Here's an article that came out on Zero Hedge this morning:

http://www.zerohedge.com/contributed/20 ... ncies-2012

Of course it was put out by Goldbugs, and I have learned over the years that what ever's going on they are bullish on gold.

[Loki]

I tend to take the claims of gold bugs with a grain of salt. My eyes glaze over when the “fiat currency” and “hyperinflation” incantations are invoked. Most of this hype is driven by free market ideologues, whose economic theories are more religion than science.

We're far more likely to plunge into a full-blown runaway deflationary depression than we are to experience hyperinflation in the United States. Deleveraging is what we have to look forward to. We're already in a relatively mild deflationary depression (the worst since the 1930s). The federal government and the Fed have been surprisingly effective at mitigating it, but they're almost out of gimmicks. Those who think quantitative easing in the US will result in hyperinflation need to do a bit more reading about money creation. I recommend Steve Keen on the subject, search Youtube for a video called “Steve Keen To Peter Schiff” for a basic intro.

I think over the next decade or so we'll see a deepening of the deflationary depression. Food and energy prices will likely continue to go up because of peak oil and climate change, but the general trend will be deflationary, at least in the “developed” countries. But food and energy prices may go WAY up, so who knows how it'll all balance out.

No idea how gold/silver will react to these convergent events, don't really care since I don't own any PMs, though I've considered buying junk silver. I still think cash will be king in the US and Canada for quite a while longer, especially for wage slaves like myself. Not so sure about Europe and Japan.

My personal resources are meager, I've made the decision to put them into buying the tools I need to live as self-sufficiently as possible, growing and storing food, learning new skills, and having enough cash on hand for emergencies. I'm also a big fan of lead, buy it cheap, stack it deep

[radon]

Not necessarily inflation or deflation. Repricing. Natural resources and basic necessities are getting scarce, hence their appreciation. People are getting more and more abundant, hence they are getting cheaper by the day, along with labor, consumer goods, paper assets, subprime housing and alike things tied to people's value. People and their toys are getting cheaper relative to the natural resources.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Jellric', '')$this->bbcode_second_pass_quote('Heineken', 'w')ww.goldmastersusa.com

[Revi]

I'd go to a coin dealer or a jeweler you trust in your town. Don't go to the gold buyers you see popping up all over the place. They will give you 20 times face value for "junk silver" and more for .999 bullion. Ask them to pay you blue book prices and get the latest copy. That way you know how much your coins are actually worth. The blue book is a yearly book that tells values of coins for shops that buy. It's less than the Red book value, but it's a fairer price to sell at. If you want to get really into it you can find out what the "gray sheets" has for a value that day and ask to see it. Coin shops have it behind the counter.

[lowem]

$this->bbcode_second_pass_quote('pstarr', 'I') see the same now. Precious metals remain high. As does food and essential materials. But demand for end-products, consumer products, goes down. Stagflation.

[Revi]

We're not that far from $100 oil and $1700 gold right now. I think there may be a bit further for the bull in PM's to run. I bet on 6 silver dollars that silver will at least hold it's value for a few more years. I figure in 5 years or so I'm going to start selling and I'm going to eat off of each of those silver dollars for three or four days. That means I'm good for about a month off of each of them. For $180 now I have the possibility of having that purchasing power in the future. I don't feel like that when I put it in the bank anymore. In five years at 10% inflation, I'll have half the purchasing power I did today.