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Need Money to buy Gold

 
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atm



Joined: 16 Apr 2006
Posts: 3861

PostPosted: Wed Nov 05, 2008 9:57 am    Post subject: Need Money to buy Gold Reply with quote

Brother, can you spare a crime?
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RedMahna



Joined: 07 Sep 2006
Posts: 1512
Location: USA

PostPosted: Wed Nov 05, 2008 1:04 pm    Post subject: Reply with quote

Hey, actually you might have an idea, on a consumer level: Lending for the purpose of buying gold. (No doubt already going on with margin accounts... but how about on the good-ole Multi-Level Marketing, Spam email, shady website, get-rich-quick flavored ingenuity that we're so good at?)
red

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just cos things are fucked up doesn't mean it isn't progress...
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atm



Joined: 16 Apr 2006
Posts: 3861

PostPosted: Wed Nov 05, 2008 1:33 pm    Post subject: Reply with quote

I need, you want, you slovenly hairy thing, you. Sixty per cent and I shall go skinhead on a 90 day naked barber trade, either way. You make 40 cents on the dollar and I clean up. Deal or no deal?

[Profit sharing is discretionary, upon my terms.]

atm Cool
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James D



Joined: 16 Dec 2006
Posts: 971

PostPosted: Thu Nov 06, 2008 8:07 am    Post subject: Reply with quote

It's something I'm looking into at the moment - buying "Physical" gold. The problem is that there isn't much "Phyisical" stock of gold going about at the moment because it's being bought up by the rich and smart?, so Demand is totally outstripping Supply - a classic "real" economic case which results in price increase.

I don't know if you can get hold of stocks where you are, but check out here in Spain :-

http://www.orodirect.es/?lang=EN
Quote:
IMPORTANT MESSAGE: Dear Clients, the amount of orders have finally depleted our stocks and we are facing a global lack of precious metal products, which is forcing us temporarily to stop confirming new orders, until we have processed the existing orders and we have received precise delivery confirmations from our suppliers for our new deliveries. We would like to inform you that we have therefore established a waiting list procedure, as such we would kindly ask you to communicate to us, what you would like to purchase, we will then confirm availability, delivery time and conditions. Thanks for your understanding. We do apologize for any inconvenience. Your Oro Direct team.


If you check out the homepage in Spanish you can see the lack of stock more clearly:-

http://www.orodirect.es/inicio.html

Interestingy though there is a huge difference between the price of "Physical" gold and the Stock Market "Paper" gold price :-

http://www.goldprice.org/gold-price.html - 580 Euros/Ounce

http://www.orodirect.es/EN/LINGOTE_Oro/50_2/gold_bar_1_ounce|31,10_gr.html - 908 Euros/Ounce

So bear in mind that paper is paper and gold is gold!
( EURUSD=X 1 Nov 6 1.2797 1.2797 )
http://finance.yahoo.com/currency/convert?amt=1&from=EUR&to=USD&submit=Convert

908 euros=1162 usdollars
So is the "real" price of gold already over 1000 dollars an ounce and rising?
Some think it could go as high as 5000 an ounce!

Anyway good luck whatever you do and get your running shoes on, cos you're gonna have to be fast.
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atm



Joined: 16 Apr 2006
Posts: 3861

PostPosted: Sat Nov 08, 2008 8:10 am    Post subject: Reply with quote

Be cool brothers, I am on it

atm Cool
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