Won't Sell Gold Despite Losses

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Thornside
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Won't Sell Gold Despite Losses

Postby Thornside » 15 February 2017

Precious metals is where people want to be in the future.

The Germans have been "Corzined" (MF Global) by the Federal Reserve. The FED stole their gold and sold it for far less than it's currently trading. Now the FED must buy back that gold at much higher prices, but they cannot lay off the loss onto the US tax payers (there are no treasury bonds to offset the loss). The Germans aren't the only victims of catastrophic sovereign gold theft by the FED.

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Silver King
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Re: Won't Sell Gold Despite Losses

Postby Silver King » 24 February 2017

Thornside wrote:Precious metals is where people want to be in the future.

The Germans have been "Corzined" (MF Global) by the Federal Reserve. The FED stole their gold and sold it for far less than it's currently trading. Now the FED must buy back that gold at much higher prices, but they cannot lay off the loss onto the US tax payers (there are no treasury bonds to offset the loss). The Germans aren't the only victims of catastrophic sovereign gold theft by the FED.


These markets are muni pulsates by very powerful. Individuals with more. MONEY than some governments capitalism , socialism and every other ism is someone's idea of an economic. System. It. Is aform of control good or bad but we will always have more poor than rich middle class is gone not like the Great Depression but still very few are WEALTHY on this good EaRTH humans will change given time

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TonyJ
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Re: Won't Sell Gold Despite Losses

Postby TonyJ » 15 March 2017

New World Order is the United States of America. He wants to bring us down so that he can have his New World Order. In other words, the rest of us have to suffer so that he can have his hell bound way. In the end... he will get judgment and eternal Hell if he continues on his perilous journey to control the entire world.

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Freddy
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Re: Won't Sell Gold Despite Losses

Postby Freddy » 16 April 2017

When I lived in the US pawn shops pay between 80% and 95% spot metal prices for gold. I think you are confusing the fact that gold of different finenesses will go for different prices. If you are selling one gram of gold and it is 22 karats it will sell for less than if it is 24k. Most gold found in the ground runs 19-22kt, occasionally 23kt. I you bring in a 14 kt orphaned gold earring that weights 6 grams then you have then you have 3.5 grams of gold. So it would have a value of $127 based on yesterday's spot metal prices except it doesn't because metals market prices are based on refined bullion sold in bulk. So you have to have the gold refined to .999. Scrap gold might be worth about 95% spot so that means the that orphaned earring is worth about $115 on the scrap metal's market. Since a pawn shop exists to make money they will offer less but generally about 90% of the actual scrap value or in other words about $103.5. That is what I would pay. If the orphaned ring had been pure gold and already melted down by the seller and poured into an ingot mold then it would be worth $219. Also, natural gold nuggets don't get much more than scrap prices on Ebay. Yes, if you go on Ebay you will see people offering to sell their nugets for twice the scrap metal prices but you can't go by that. I can offer a dog turd for sale at $100 but that doesn't mean anyone will pay that much for it. You can only go by what buyers are paying for the nuggets. I tracked this for six months last year and found that natural gold nuggets actually sell for about 1% more than scrap gold of the same fineness. That means that a one gram nugget will probably sell for about 35 cents more than one gram of scrap gold of the same fineness. Gold sells for more if you make it into something. When I get a piece of scrap gold I try to make it into something that can be worn. That will increase the value dramatically. For example, I would take that orphan earring and add a loop of gold to it and sell it as a charm and that will add 25% - 50% or more value to it when sold. I can't tell you how many orphaned earrings I turned into pendants and doubled my money. With a couple of hundred dollars in equipment you can turn a few grams of gold nuggets into a gold ring and sell it on Ebay and add value. It takes little to melt a nugget and pour it into a mold.


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