tag:blogger.com,1999:blog-4490468598422095060.post3313708190234864322..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Who is Draining GLD?FOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger205125tag:blogger.com,1999:blog-4490468598422095060.post-19662574106329639392011-02-07T06:08:39.565-08:002011-02-07T06:08:39.565-08:00http://www.goldmoney.com/physical-metal.html
&quo...http://www.goldmoney.com/physical-metal.html<br /><br />"Owners of Full Holdings with GoldMoney can take delivery of their gold in handy units of 100 gram or one kilo (1,000 gram) bars. We work with Baird & Co. Ltd. in London so you can convert your goldgrams® into physical gold bars for insured mailing or collection at any time."╪https://www.blogger.com/profile/14239984490082591684noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-21640784634376539732011-02-07T05:56:25.149-08:002011-02-07T05:56:25.149-08:00Just a little correction on GoldMoney.. some comme...Just a little correction on GoldMoney.. some commenters mentioned that redemption was only open for giants.. you can actually get sent your gold from as little as 100g bars.<br /><br />Also, unlike in ETFs where the "allocated" gold is actually allocated to the fund/trust, in Goldmoney the allocation is to the final client.╪https://www.blogger.com/profile/14239984490082591684noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-41474061601604288722011-02-02T22:34:18.593-08:002011-02-02T22:34:18.593-08:00@radix
You write” What if the jobs are in Bulgaria...@radix<br />You write” What if the jobs are in Bulgaria, but those unemployed are uneducated, unskilled people with no savings who speak only English, living in an inner city used only to receiving hand outs from the government? These people will not move to Bulgaria. Simple as that. I know educated, resourceful people that would not make this move due to cultural/family issues.<br /><br />In Bright aurumhttps://www.blogger.com/profile/16783154684850533212noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-5920435714128446222011-02-02T18:23:40.353-08:002011-02-02T18:23:40.353-08:00@ Diamond Jack
Fair enough... he sounds like he k...@ Diamond Jack<br /><br />Fair enough... he sounds like he knows what he is doing.<br /><br />I'm certainly not in a position to do the same, and I would not recommend that any gold novices follow this practice, as there are a few "cheap gold flakes/grains" scams going around these days.<br /><br />But I do respect your points.Petehttps://www.blogger.com/profile/13424744710145557605noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-32763879694421831682011-02-02T17:51:20.504-08:002011-02-02T17:51:20.504-08:00@ Pete
The miner states 22+ K or 90% plus. He pur...@ Pete<br /><br />The miner states 22+ K or 90% plus. He purchased at a discount to spot, but an even bigger discount to a govt struck gold medallions. But my friend already has bars and govt. gold to sell to crybabies. This is deep storage, to be handed down or used as last resort. And its easier to hide as no one is looking for placer gold. BTW, this miner, tumbles it for a few days to wear offDiamond Jackhttps://www.blogger.com/profile/09998468116779554795noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-29994487503033374632011-02-02T16:57:09.964-08:002011-02-02T16:57:09.964-08:00Freegold Yes Please
Take a look at Kitco. Its a ...Freegold Yes Please<br /><br />Take a look at Kitco. Its a great way to "dollar cost average". You can purchase a gram at a time, and when you have a full oz, you can have them send you a coin.philhttps://www.blogger.com/profile/12426981284457255805noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-34249817184838731642011-02-02T16:42:02.118-08:002011-02-02T16:42:02.118-08:00without words!!!1
https://app.freeconferencecallh...without words!!!1<br /><br />https://app.freeconferencecallhd.com/playback.html?cn=94-43-28-63&e=13071636<br />00000&cid=conferences/-17-65-679692-17-65-67-17-65-677061-17-65-6724-17-65-6<br />731-17-65-6768-17-65-673151.mp3Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-49950384223147731002011-02-02T15:06:08.906-08:002011-02-02T15:06:08.906-08:00@ freegold? I think the answer to your question by...@ freegold? I think the answer to your question by the majority here would be to buy the minimum you feel comfotable owning as soon as possible for tomorrow it may not be available. That the $50 to $100 possible price decline is not worth taking the chance of being locked out. I now have 30% of all liquid net worth in physical gold bullion. Thats my minimum comfort level...cheers, Enoughenoughhttps://www.blogger.com/profile/11559197548302862165noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-26593649027777645512011-02-02T11:11:53.506-08:002011-02-02T11:11:53.506-08:00Hello,
I can't believe how lucky I am to have...Hello,<br /><br />I can't believe how lucky I am to have discovered this site! FOFOA, you are a giant!! The reader comments are also highly informative!<br /><br />After absorbing as many FOFOA posts (and reader comments) as my brain can hold, I do have a quick question:<br /><br />Over the past month I have started purchasing small gold bars (1 to 5 grams). Is it better/safer to make small Free gold? Yes please!https://www.blogger.com/profile/09430232863802897457noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-46220959637325893642011-02-02T09:54:53.795-08:002011-02-02T09:54:53.795-08:00radix46: Perhaps Freegold will eventually lead to ...radix46: <i>Perhaps Freegold will eventually lead to a much needed dismantling of the state too.</i><br /><br />+1 and hallelujah brother!<br /><br />But to my mind, you can omit the "Perhaps" from the start, maybe also the "eventually" in the middle. :)DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-71710989518011654322011-02-02T09:46:53.097-08:002011-02-02T09:46:53.097-08:00@thedeadfauvi: Even the banks are no longer so muc...@thedeadfauvi: <i>Even the banks are no longer so much against gold. Mine has even arranged an appointment with a PM advisor for me. I haven’t seen him yet but I am curious to see what they “advise”</i><br /><br />Fauvi, I for one look forward to hearing what they advise you to do...DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-79679041291799560192011-02-02T09:41:59.983-08:002011-02-02T09:41:59.983-08:00@ad,
"Yes the US and Europe has a high standa...@ad,<br />"Yes the US and Europe has a high standard of living based very much on the plunder of others resources, first by the gun and then by the $IMF system. Yes the people will revolt when/if that privilege goes but will get used to it in the end, no choice."<br /><br />I am 100% in agreement with you here.<br />If people had the integrity to stand up to immoral governments and to radix46https://www.blogger.com/profile/08952244160824465324noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40847798443407526322011-02-02T09:32:42.392-08:002011-02-02T09:32:42.392-08:00@radix
What an opportunity and privilege that one...@radix<br /><br />What an opportunity and privilege that one can go work in another country without having to have work permits, passports, harassment etc.<br /><br />I have met Chinese and Somalian people in South Africa who speak no or a little English, running restaurants and small businesses or just working. How did they find premises, negotiate, advertise, open a bank account as well as Goldilockshttps://www.blogger.com/profile/12520452067388070139noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-65962112172102486512011-02-02T08:54:44.369-08:002011-02-02T08:54:44.369-08:00@ad,
you wrote:
"but generally those that do...@ad,<br /><br />you wrote:<br />"but generally those that dont work and add value do not get paid."<br /><br />I agree. However, this is only practical in a perfectly free market.<br /><br />What if the jobs are in Bulgaria, but those unemployed are uneducated, unskilled people with no savings who speak only English, living in an inner city used only to receiving hand outs from the radix46https://www.blogger.com/profile/08952244160824465324noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-63138482921787107702011-02-02T08:42:05.329-08:002011-02-02T08:42:05.329-08:00Another link from the London Conference, presentat...Another link from the London Conference, presentation entitled: "Precious Metals as Money"<br /><br />Apparently there is a Bill before the Mexican Congress to monetize silver.<br /><br />I it passes you won't need anyone else holding you PM's for ya, cause gold would be next.<br /><br />http://www.plata.com.mx/mplata/documentos/images/Hugo_Salinas_Price_London_2011.pdf<br /><dwarvesdenhttps://www.blogger.com/profile/03785022784053716587noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-55837257309446211372011-02-02T08:09:38.780-08:002011-02-02T08:09:38.780-08:00Europe fought for 500 years without economic coope...Europe fought for 500 years without economic cooperation. the whole point intended of forming EU was to prevent these future wars among eachother. everebody is better off in the end that way.<br /><br />I think this realisation is strong and imbedded in the thoughts of this generation. I hope it will be enough. And I would not really know If I am correct there. I hope so, I do realise some Paulhttps://www.blogger.com/profile/08106028167162534649noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-65395703985671344362011-02-02T08:00:09.152-08:002011-02-02T08:00:09.152-08:00@radix
I think it answered the question. Isnt Gre...@radix<br /><br />I think it answered the question. Isnt Greece wanting the privilege of being stupid as the recent video FOFOA posted describes?<br /><br />In the post I linked above:<br /><br /><i>Now, in our imperfect world, we can borrow without being productive with the money we borrow. We can borrow for pure consumption!</i><br /><br />This is one of the problems in the EU isnt it?<br /><brGoldilockshttps://www.blogger.com/profile/12520452067388070139noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-80255734440412570302011-02-02T06:59:48.462-08:002011-02-02T06:59:48.462-08:00I very much appreciate the discussion about Freego...I very much appreciate the discussion about Freegold in Europe and I have a question.<br /><br />Why shouldn’t European national currencies float around gold independently like the Scandinavian? Why do they need the ECB in Freegold? I really hope that the euro is only for the transition.<br /><br />From what I can see the euro is becoming more and more hated on a daily basis in Germany.<br /><Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-34297694275673763112011-02-02T05:30:31.038-08:002011-02-02T05:30:31.038-08:00A friend of mine working as a goldsmith in Hungary...A friend of mine working as a goldsmith in Hungary told me that it is very hard to get gold on the market (both local Hungarian market and “internationally”).<br />some other another (unrelated) person working as a Jeweler told me that he has the feeling that gold is drained from Hungary (and from the jewelery industry either).Panelprolihttps://www.blogger.com/profile/18048590247278939700noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-14731641319391216422011-02-02T05:01:51.884-08:002011-02-02T05:01:51.884-08:00Paul,
I like your analogy of the Euro being like ...Paul, <br />I like your analogy of the Euro being like an internal gold standard. Freegold greases the wheels of international commerce but does nothing to aid to address internal imbalances between people that are simply different. I see another mechanism being required to address this problem.<br /><br />I can understand the big picture with regard to China, Oil, Freegold etc, but the devil is radix46https://www.blogger.com/profile/08952244160824465324noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-30392706130538450622011-02-02T04:41:15.457-08:002011-02-02T04:41:15.457-08:00radix,
I am thinking along the same lines. as a d...radix,<br /><br />I am thinking along the same lines. as a dutch european I live in the context myself. It is hard to filter news from spin. <br />Would also appreciate thoughts about the stress caused by countries unnaturally chained to eachother. Is this like the goldstandard that was unsustainable like before WWII, or is this the forming of a long term political european union like the USA ?<Paulhttps://www.blogger.com/profile/08106028167162534649noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-30374377640137680522011-02-02T04:36:58.889-08:002011-02-02T04:36:58.889-08:00@ radix46
I haven't put much thought into thi...@ radix46<br /><br />I haven't put much thought into this response, so apologies if it wastes your time.<br /><br />The way I see it, FreeGold would simply enforce the fact that central banks cant print money without devaluing it against other countries currencies, and gold.<br /><br />So, I assume that if they do, people will save more (ironically, the opposite effect of inflation), which isPetehttps://www.blogger.com/profile/13424744710145557605noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91745293510573064562011-02-02T03:36:52.168-08:002011-02-02T03:36:52.168-08:00@SS: Apologies, I have now identified GoldLine.co....@SS: Apologies, I have now identified GoldLine.co.uk's <b>Allocated Account</b> product on their website. Earlier I had only found their <b>GoldSavers</b> offering, which I mistakenly assumed must be what you were referring to. Very much my bad.<br /><br />Yes, their Allocated Account ought to be... well, golden. If you can stomach the storage fees and you're OK with ending up having it DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-457752329264295492011-02-02T03:36:43.518-08:002011-02-02T03:36:43.518-08:00@ad,
Thanks for the link, but the post doesn'...@ad,<br /><br />Thanks for the link, but the post doesn't deal with the trade imbalances within the currency zone itself, which is the crux of my question. <br /><br />How will the Euro survive (Freegold or not) when countries will be forced to leave due to unsustainable trade imbablances (within the Euro area) that cannot be rectified by anything other than fiscal adjustment, labour movementradix46https://www.blogger.com/profile/08952244160824465324noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-1107849246191623772011-02-02T02:55:58.962-08:002011-02-02T02:55:58.962-08:00@radix
Here is a post by FOFOA which might help@radix<br /><br /><a href="http://fofoa.blogspot.com/2009/09/end-of-currency.html" rel="nofollow">Here</a> is a post by FOFOA which might helpGoldilockshttps://www.blogger.com/profile/12520452067388070139noreply@blogger.com