Business

As Some Predict a 500 Percent Surge in Gold, Beware the Rise in Scams

Posted on June 22, 2012 at 10:00pm by Becket Adams
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The European bank and financial services company Societe Generale predicts that gold could surge as much as 500 percent in the near future. Of course, with an increase in value comes an increase in fraud.

“Societe Generale is ‘enthusiastic on gold’ — so much so that in their latest cross-asset strategy report, they call ‘buy gold ahead of QE3’ their number one strategy, saying it‘s ’the perfect asset to benefit’ from additional loose monetary policy,” writes Business Insider’s Matthew Boesler.

One of the reasons SocGen is so confident that gold will increase in value is because of the historical relationship between the price of gold and the U.S. monetary base. The European bank states that “if gold catches up with the increase in the monetary base since 1920 (as it did in the early 80s), its price would rise to USD 8500/Oz,“ and that just ”to close the gap with the monetary base increase since July 2007, gold would have to rise to $1,900/oz, assuming full transmission from the monetary base increase to the gold price.”

The SocGen report continues:

Buy gold, while hedging the implicit USD exposure. Gold is back to the lower band of the trading range of the past year. It is also the commodity that benefits most from the Fed’s unconventional monetary policies. As a result, we are strong overweight gold ahead of QE3 and expect its price to challenge $1,800 before the end of the year. Timeline of the call: 3-6 months.

If financial services company is correct, and gold skyrockets in value, you better believe scam artists will want a piece of the action.

For instance, Dolly Dubard, a former employee of the gold buying firm THR and Associates, which has been accused of dirty dealings, claims that her former employers trained and encouraged employees to “mislead” customers about the true value of their gold, according to CBS San Francisco.

“I think a lot of managers did think it was ok to lie,” she said.

When CBS staged a nationwide undercover operation, they caught THR repeatedly lying about the quality of the gold they were dealing with.

“Dubard said [employees] were instructed to buy gold at less than 10 percent of value, a practice confirmed by a THR back pocket buying guide,” CBS San Fran reports.

A CBS producer at a Dallas gold show was told that their 18-karat gold was worth 14 while another in Boston was told the same thing.

“When CBS producers try to sell an 18K gold bangle bracelet at one of THR’s traveling gold buying road shows, they’re told it’s only 14 carats and offered cheap money for a sale,” according to the report.

“We hit a show at the Hampton Inn in Dover, New Hampshire in April. We walked in with almost $6,300 worth of gold and walked out with a check for just over $1100, less than one fifth of its value,” the report adds.

“Everybody knows gold is expensive right now. There are a lot of companies out there trying to buy gold. Without making any sweeping generalizations it doesn’t surprise me that people would try to turn that to their advantage,” said Dover, NH, Police Lieutenant Brant Dolleman.

Bottom line: gold is already remarkably valuable and it may skyrocket in the near future. Don’t go anywhere near a buyer unless you know something about his business ethic and make sure you know what you’re talking about.

Otherwise, you might as well paint a giant target on your forehead.

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Comments (71)

RCONNORIII
Posted on June 24, 2012 at 11:46am
Gold is too high for the average person to invest anyways!
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Thedadde
Posted on June 24, 2012 at 5:36am
$16T debt. $110T unfunded liabilities. Ignore this. Greece, Italy, Spain, USA, Amerika, all doing just fine. Your cash is all but safe in your bank. Leave all your cash in the stock market. It will all be there when you retire. (retirement wasn’t even a word a hundred years ago) 2012. What could go wrong? Let’s find out where the last $5T went. Or, talk about global warming. What’s in YOUR basement?
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circleDwagons
Posted on June 23, 2012 at 2:29pm
Why are companies selling gold if they think it will increase in value so much? Another question- What are these gold companies doing with their profis? Buying gold? or selling gold to buy silver or selling siver to buy ?

Another question- Where is it written that the government will NOT confiscate gold/silver or make the private ownership illegal?
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- rickc34
  Posted on June 23, 2012 at 6:57pm
  Food will be more valuable than gold. You can’t eat gold.
  Report Post »
cdowis
Posted on June 23, 2012 at 12:46pm
What are you guys talking about?

I buy GLD from the stock market, an ETF. You can easily buy and sell, virtually no commissions, no storage fees, no scams, highly liquid. To increase my leverage, I buy long term options.

Get smart and stop being stupid.
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- planbdeveloper
  Posted on June 23, 2012 at 1:07pm
  Ha! LOL….they don’t have the freakin gold…ETF’s my ass
  Report Post »
- chazmo
  Posted on June 23, 2012 at 1:20pm
  This is a joke right? You’re being sarcastic.. where is the /s tag??
  Report Post »
- TemperedTruth
  Posted on June 23, 2012 at 1:21pm
  If you are buying ETF, your buying fake gold, it’s paper certificates and worthless. Take delivery of physical gold, otherwise your just buying a soon to be broken promise.
  Report Post »
- Archstone
  Posted on June 23, 2012 at 1:56pm
  I don’t want a statement saying I own an ETF if our monetary system collapses. I want physical precious metals in a safe. A safe deposit box is great – unless your bank closes its doors. There
  is no subsitute for owning physical YOU hold. Don’t let a storage company hold it for you and give
  you a pretty paper promising it will be there if you want to take delivery. “Oh, sorry. The government
  confiscated it last week!”
  Report Post »
- Archstone
  Posted on June 23, 2012 at 1:57pm
  By the way, ETFs are excellent for trading – no doubt! Just not for owning PMs.
  Report Post »
- chips1
  Posted on June 23, 2012 at 5:19pm
  I go on the monex site and find out the price today. Then I buy silver at 1 dollar over price per ounce. 5 oz is the largest amount I buy because they hollow out the middle and fill it with cheap metal. Silver is usually 1/16 the price of gold. It should be around $100 per oz but is only $28 per oz. Something is going to happen soon and it can go either way. If the price goes up, I’ll bet Obama grabs everything he can.
  Report Post »
- hi
  Posted on June 25, 2012 at 9:38am
  The purpose of buying gold is to have it in your hands during an emergency.
  Report Post »
rfycom
Posted on June 23, 2012 at 12:28pm
Yes and Beck is the biggest scam of all
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- chazmo
  Posted on June 23, 2012 at 1:20pm
  But, here you are… giving his blog hits so that he can make money off Ads.. who’s the dunce?
  Report Post »
BlackCrow
Posted on June 23, 2012 at 9:56am
This is something that you really need to do your homework on before you buy the goods. By the book FIRST!!! I‘ve been a coin collector since I was a kid and if you don’t know the language you ate going to get taken. I cannot tell you how many times I have been told I should go somewhere else when I start asking questions about grade, year, mint marks, slabbing, percent over spot, ask price, bid price. If you don‘t know what I’m talking about here YOU shouldn’t be buying mail order.

If you want to buy silver buy circulated U.S. coinage minted (again you need to know that minting means the year the coin was struck, the year on the coin) before 1965, silver prof sets in the mint packaging silver eagles in mint packaging. Gold is much more difficult and you want to KNOW your dealer. I have a couple coin shops I deal with and you need to find a LOCAL coin shop and get to know the owner.
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planbdeveloper
Posted on June 23, 2012 at 9:37am
I protect my wealth with Karatbars the only LBMA Certified 999.9 24k gold. For more info message me.
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- battles
  Posted on June 23, 2012 at 9:58am
  Interesting. I prefer gold and silver American Eagles and Canadian Maple Leafs.
  Report Post »
- lukerw
  Posted on June 23, 2012 at 10:27am
  Sorry… in the past… only Collectable Coins were Exempt from Confoscation!
  Report Post »
- planbdeveloper
  Posted on June 23, 2012 at 11:27am
  Try buying something with a $2000 coin. Karatbars are 1 gram currency gold. You can exchange your fiat currency for Karatbars and have a REAL sound money solution. Besides. If you have Gov’t issued coins, you merely possess them, you don’t own them, the Government does.
  Report Post »
- battles
  Posted on June 23, 2012 at 12:13pm
  This is not correct. The US government makes a bonafide sale when it sells gold and silver Eagles to the public. There has never been anything said about these coins continuing to be the property of the US government. Eagles are not the same thing as US currency. No one in their right mind would purchase such a product that could be so easily confiscated. In the years that I have been trading, no one has ever brought up this argument that I have seen. However in 1933, the government didn’t make a distinction of any kind when it came to their illegal gold theft/confiscation. If they were to try that again, that would go for all of it as before. Also, because of the public need to use $3500 gold coins to make purchases, stores will quickly install gold credit systems. They are not going to turn away business just because they can’t make change.
  Report Post »
- battles
  Posted on June 23, 2012 at 12:22pm
  By law, American gold and silver Eagles are “NUMISMATIC,“ and therefore ”collectibles.” NUMISMATICs are private property.
  Report Post »
- planbdeveloper
  Posted on June 23, 2012 at 1:15pm
  Do your research BATTLES, if it says U.S. Gov’t on it…it‘s there’s! Check out this article on Reuters.
  Jury decides U.S. rightly took gold coins, judge to decide owner | Reuters http://reut.rs/LpSAjv
  Report Post »
- battles
  Posted on June 23, 2012 at 1:51pm
  You seem to be stubbornly hell bent on having it your way here. Note what was confiscated: ‘double eagle coins’. ‘Double eagle coins’ were legal US coins and thus were ruled to be able to be confiscated. US Gold and Silver Eagles ARE NOT legal US coins! They are NUMISMATIC coins produced by the US government as collectable coins. As they are by US law NUMISMATIC coins, they become PRIVATE PROPERTY when purchased and CAN NOT be confiscated as legal US coins can be.
  Report Post »
- ROCKETSMOM
  Posted on June 24, 2012 at 5:01pm
  CAN you provide a link?
  Report Post »
battles
Posted on June 23, 2012 at 9:21am
Good article. The statement “if gold catches up with the increase in the monetary base since 1920 (as it did in the early 80s)…” I do not believe is correct. When gold hit its top at around $850 in the early 80s, it did not catch up with the increase in the monetary base, but had gone far above the monetary base of 1920.
I have been dealing in precious metals for some years now. I only deal with these three large precious metals dealers (although I have not dealt with Blanchard yet):

FideliTrade Incorporated
Wilmington, DE

APMEX, Inc.
Oklahoma City, OK

Blanchard and Company
New Orleans, LA

There is one California company that I have purchased from, but I have heard that they sometimes have used pressure tactics and talked people into allow them to use their monies to play the precious metals commodities markets rather than buy actual precious metals. They all lost everything.
One final note. Be sure to ALWAYS take possession of your purchased precious metals. It is actually safer to bury them in your backyard at 3:00 am (preferably in a bank vault or otherwise in a hidden safe within the home) than to fine that the company does not have the actual metals in their vault should people suddenly all call at once requesting to take possession.
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Southernguy
Posted on June 23, 2012 at 8:49am
Y’all can have your stupid gold. I only invest in lead ;)
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- lukerw
  Posted on June 23, 2012 at 10:30am
  Both have about the same Weight: Try Gold Bullets… make em or buy em custom ready made :)
  Report Post »
KangarooJack
Posted on June 23, 2012 at 8:44am
…FYI for those of us who do not have any $ to spend buying gold- Corn Futures have gone up (along with wheat and soybeans)due to the dry weather. Cheeries will go through the roof by the way due to a major frost in Traverse City this Spring. Soooo, us poor folks {I dislike that word as much as “conversation” lol} might want to buy in bulk before Winter.
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- shogun459
  Posted on June 23, 2012 at 8:50am
  Silver is still way under priced at $26 ounce and is set to increase more than gold.
  Report Post »
- lukerw
  Posted on June 23, 2012 at 9:43am
  @SHO…
  And… do not forget a Pack Mule to carry it around :)
  Report Post »
- chips1
  Posted on June 23, 2012 at 5:37pm
  LUKERW:
  If you need a pack mule to go to the store, your probably trying to buy Montana. Buying something like food, you would need only a few silver coins. If you use a gold coin about the size of a dime, you probably get change smaller than a gold flake. Hard to do. It’s confusing to say the least. Con artists will be everywhere.
  Report Post »
lukerw
Posted on June 23, 2012 at 8:38am
China is the Source of… Most Counterfeit Coins these days… but the Crime has always existed. So, only buy Certified!
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- lukerw
  Posted on June 23, 2012 at 11:46am
  Oh… by Certified… I mean… Tested for Metal Content, and Graded for Original Mint & Condition… and Sealed in a Container, to avoid tampering! Anything else… you will need an Expert Evalution upon whenever sold, which Increases the Fees and Reduces the Value!
  Report Post »
Robert Hawk
Posted on June 23, 2012 at 7:29am
500% rise in Gold?
I only know what is biblically written in prophecy and have no idea how these folks came up with a 500% rise in gold. In the book of Revelation chapter 6:5 – 6 is written the degradation of our financial systems. There it states that the price of the ingredients for a loaf of bread will cost a penny. The word penny is translated from the Greek word denarius. A denarius was a working mans days wage. We make that same measurement in what is called minimum wage and the 8 hour work day. Together these are currently $7.50 X 8 or $60 usd. Now compare that to the price of a loaf o wheat bread which is some where in the neighborhood of 2-3 dollars. Math tells us thats 20-30 times what bread costs today.
Apply that to gold which is $1575/troy oz today which equates into ($31500-$47250) per troy oz. The bible does not mention gold pricing in prophecy, it only mentions food costs rising. I extrapolated that same cost against the current gold price, therefore its an assumption on my part and not biblical.
The more important is when will this occur, and the answer to that question is, it already has. When we observed our government print trillions of dollars to monetize debt, the trap was set. Watch for OPEC transactions to shift from US dollars to another currency very soon. That is when the US fiat currency will fail by 50+%, and the 60 times rule will commence. Obama can not stop it and Bernanke can not control its occurrence.
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- shogun459
  Posted on June 23, 2012 at 8:49am
  To answer your “I have no Idea how…” The Obama administration has been JUST PRINTING MONEY and it has devalued your dollar by WAAY more than is apparent because the dollar is used in international exchanges between countries. The other countries hold a value for the dollar that is based in the goods they exchange it for. THAT’S why everyone is angry with Obama he is counterfieting the MONEY used for international exchange. It has kept the value of the dollar ARTIFICIALLY HIGH. The dollar is worth about 10%-15% of what is was when Obama took office.
  Report Post »
- lukerw
  Posted on June 23, 2012 at 10:44am
  @SHO…
  The Government is Cooking all the Books & Statistics! What we do know is… we should have an Annual Economy worth about 10T… and 16T in National Debt. But, we do not know how much is on the Fed Res Books… which could well be another 16T. As, the EU fails the Assets of the Fed are WorthLess and Increases Liability… but Inflation only goes Hyper when the Volecity (money actually circulated) increases, which happens in a Failure. So… one Moment you have 15% Inflation and the Next you have 500%… there is Panic, and Bread costs 1K… which is the Weimar Republic experience!
  Report Post »
Robert Hawk
Posted on June 23, 2012 at 7:08am
Here is a news flash, counterfeiters have already been selling fake gold and silver bullion, over the past few years. I have received fake silver bullion in the form of silver rounds. Its very difficult to tell if the bullion you are purchasing is fake as the counterfeiters have figured out how to keep the weight close to actual and usually use silver of gold to plate their bullion items (small one oz and fractional oz bars and rounds). The best method to determine if what you are getting in gold trade is real, is to measure with a very accurate and calibrated scale (at least 10 X discrimination), then use a calibrated meter to determine the gold mix 10 ct – 24ct. Silver you must weigh and then drop on a hard wooden surface, and listen for the ring. Silver has a distinctive ring which to my knowledge has never been faked by counterfeiters.

As far as pawn shop or bullion dealers, you just have to find someone you know you can trust, and that’s not easy as these folks are in the business to make money. Its akin to trading in your car at a dealership.

The real issue is know why you purchase gold or silver. You do not purchase bullion to interchange for FIAT currency. You purchase bullion to use as a bartering tool when FIAT currency fails. Therefore you want you bullion in the smallest factional denominations possible (1/8th troy oz or less). When? As soon as you observe the Middle East being consumed by the Muslim Brotherhood (Ishmalites) as stated in Daniel 8.
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- shogun459
  Posted on June 23, 2012 at 8:52am
  goldline.com
  Report Post »
Commerce Exchange
Posted on June 23, 2012 at 6:49am
With the new (old for some) uncertainty in the global economy it is a normal trend that gold will rise again, and of course the non educated market investor may fall in some of those new “methods” of investments, make sure you get your option purchase confirmation or buy physical gold.
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- Robert Hawk
  Posted on June 23, 2012 at 7:47am
  You will not be able to trust everyone. You must trust but verify in order not to get screwed.
  You must measure every bullion purchase you make then
  For Silver drop it on a hard surface and listen for the distinctive ring
  For Gold test it electronically for its purity 10kt to 24kt.
  
  These are the only ways one can be sure of their purchase or sale of bullion. Personally, I would not sell bullion form this point foreword. I would have it smelted into fractions of an oz however. And remember that bullion trades in Troy ounces not the standard ounces used for weight. Troy is about 1.0971:1. your are better off measuring it in grams (31.134768) with a scale that is 10 X discrimination of your last decimal point. (exa. Grams 31.134768 is measured with a scale 0.00000000). These are not cheep sales.
  It is written in the 13th chapter of the book of Revelation that a world currency will exist under the reign of Satan (anti-christ), which occurs right after the war with Persia (Iran). Christians will need bartering currency during that time frame. Think about bartering items, when you have the entire world following what they think is Christ.
  Report Post »
JACKTHETOAD
Posted on June 23, 2012 at 6:32am
The next time you’re out in the woods and run across a mother bear and her cubs, offer her some money to spare you. She”ll say ‘no thanks, we‘re just about to have some lunch’…
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theblazerunner
Posted on June 23, 2012 at 5:34am
when the finances collapse gold will be a shinny metal…

food, water, alcohol, lead,guns, skills.
just a few things you will need.
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JohnLarson
Posted on June 23, 2012 at 1:58am
Just watch out for the scammers at Goldline…. Glenn will never tell you about it though.
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- raiderglenn
  Posted on June 23, 2012 at 10:05am
  I used goldline and had no problems… yes, the guy tried to get me to buy several types of coins that they “just got” and were “a great bargin”… but I invoked a magic work to protect myself… I said NO… and then he helped me buy the items I wanted…………….
  Do research! Know what you want! grow a pair and say NO to other offers!………… sheeeeeesh, world is full of sheep these days.
  Report Post »
- planbdeveloper
  Posted on June 23, 2012 at 11:35am
  I bought gold at $700 an oz. from Goldline, when Gold jumped to $1400 an oz. I called to see how much I was ahead. They told me I just broke even! Ha! They have a 30% markup, storage fees, yearly fees…I won’t make that mistake again. That is why I only exchange my worthless paper for Karatbars!
  Report Post »
ShyLow
Posted on June 23, 2012 at 12:23am
Could possibly be a good idea to have gold molded into spear heads,or arrow heads. Would be better to have gold made into somthing practical and useful and at the same time keep it in small amounts so you don’t have to cut a bar of it into to pay a troll to cross his bridge
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- Rohawk
  Posted on June 23, 2012 at 3:45am
  With the price of gold some theives may be willing to take an arrow, pay their doctor bill wit it and still have money left over to survive the zomie invasion.
  Report Post »
- soybomb315
  Posted on June 23, 2012 at 7:14am
  If you are thinking about a complete breakdown of the financial system, there is no way to know what the commonly accepted medium of exchange will be. Gold is one-dimensional, can be counterfeited/tampered, and will not be exact. I suggest buying bullets and using them as exchange. Everyone will have guns at that point, so everyone will need bullets. Bullets hold many of the same properties as gold, but are better suited for small exchanges. 22′s seem to be the most universal
  Report Post »
soybomb315
Posted on June 22, 2012 at 11:48pm
Speaking of gold scam artists, do not buy your gold from Goldline. Those collector items are for the people who have to FIND ways to spend their money. Better of buying land, guns, seeds, foreign currency, and food stockpile.
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- macpappy
  Posted on June 23, 2012 at 12:07am
  Just so I’m clear here, you say don’t buy gold, buy foriegn currency??
  Report Post »
- Elena2010
  Posted on June 23, 2012 at 12:22am
  Maybe Swiss Francs but not Euros. The Renmimbi (Yuan) is tied to the USD. Unless you have extra to speculate (like Las Vegas betting), I would stay away fm foreign currencies.
  
  Real estate is real as are food stores and precious metals. Silver is not currently tracked by the US gov’t as is gold. It’s also less costly initially and has industrial uses. Sacks of pre-65 “junk” silver bags are often only a little over spot (what the bid/ask prices are on the market). They are excellent barter. Dollars and half dollars are also plausible for silver content/barter as well as numismatic values (half dollars are semi-numismatics). Franklins are more valuable that Walking halves since many Franklins were smelted.
  
  Beware some dealers who may call a “slider” uncirculated. A “slider” is a coin that briefly circulated. “Slicks” (well worn) coins have value for their silver content. Graded and certified coins hold value best. Do your research!
  Report Post »
- mharry860
  Posted on June 23, 2012 at 12:25am
  OK, Weiner.
  Report Post »
- Mutiny
  Posted on June 23, 2012 at 12:35am
  I dont like the foreign money idea but all the rest is very good advice. Do your research and buy gold and silver locally.
  Report Post »
- ShyLow
  Posted on June 23, 2012 at 12:43am
  magazines would make good barter items, you could loan them out for a gallon of milk or a dozen eggs. Would be more entertaining than staring at a yellow rock…They could also stop a bullet if stacked together a nd placed in a strat
  Report Post »
KidCharlemagne
Posted on June 22, 2012 at 11:19pm
One of Ron Paul’s best speeches ever……long before the Mortgage Meltdown of 2008:

——————————–
“Since printing paper money is nothing short of counterfeiting, the issuer of the international currency must always be the country with the military might to guarantee control over the system. This magnificent scheme seems the perfect system for obtaining perpetual wealth for the country that issues the de facto world currency. The one problem, however, is that such a system destroys the character of the counterfeiting nation’s people — just as was the case when gold was the currency and it was obtained by conquering other nations. And this destroys the incentive to save and produce, while encouraging debt and runaway welfare.

The pressure at home to inflate the currency comes from the corporate welfare recipients, as well as those who demand handouts as compensation for their needs and perceived injuries by others. In both cases personal responsibility for one’s actions is rejected.

When paper money is rejected, or when gold runs out, wealth and political stability are lost. The country then must go from living beyond its means to living beneath its means, until the economic and political systems adjust to the new rules — rules no longer written by those who ran the now defunct printing press.”
Ron Paul, The End of Dollar Hegemony, (February 15, 2006)
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- 22AUTOMATIC
  Posted on June 22, 2012 at 11:54pm
  Very well written. Ron Paul is right on the “money” (pun intended)
  
  If you can find 30 minutes of uninterrupted time you MUST watch the video below. James Dale Davidson, world famous economic predictor, and Jim Rodgers cover what’s about to happen on September 21st 2012. Ever heard of the “Petrodollar”? No? Well, that’s because it ranks in the top 10 censored news stories each year since 2007. (see Project Censored website) Iran is currently off of the “Petrodollar” and doing trade and barter with Russia – China and other countries in exchange for mostly precious metals (i.e gold etc) to sidestep U.S sanctions. On September 21st the middle east and much of Europe is no longer going to trade American Dollars at the world currency. Why do you think President Obama looked sick and confused.when he gave that speech after the G20 SUMMIT the other day? The America we know is going to change and Capitalism is at risk for the first time since WWII. I could write more but just watch the video because it covers 95% of what’s going to happen. (Don’t watch it if you actually want to be able to sleep tonight though)
  
  http://www.strategicinvestment.com/pages/svs/capitalism_video_update.php?pub=NDPCAP&code=ENDPN600&o=733649&s=738566&u=56258469&l=449610&r=Milo
  
  Get a pen and paper and plan on taking notes. You may be the only person in your family and/or community who won’t be blindsided by it. (Couldn’t hurt to revist our Bibles either)
  Report Post »
Elena2010
Posted on June 22, 2012 at 10:42pm
There are number of reputable precious metals dealers out there. Shop around. Check them w/BBB site before purchasing. I use http://www.kitco.com/market/ to check all commodities prices. Consider semi-numismatic and numismatic coins as well as bullion. Numismatic coins can rise in value rather than being rapidly fluctuating in the market. Many pre-1965 US coins are 90 percent silver and have a known face value when it comes time to barter. Most older Mexican coins range fm 70 percent silver down to 40 percent silver, so get to know your coins.
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- Pontiac
  Posted on June 22, 2012 at 11:30pm
  If you have the diameter/thickness/weight of the coin you can pretty much verify if it is genuine.
  Smelt values are listed on Coinflation.com but the coins value will be a bit more for being a known value and purity for trade. I’d take silver coins for partial payment for the work I do (if people asked me).
  Report Post »
- Elena2010
  Posted on June 23, 2012 at 12:12am
  Also invest in brass and lead, esp if you are near a city w/thugs in it.
  Report Post »
ShyLow
Posted on June 22, 2012 at 10:40pm
All the Gold in California, is in a bank in the middle of Beverly Hills in somebody elses name…Doesn’t the Bible say something about gold not saving people
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- Elena2010
  Posted on June 23, 2012 at 12:24am
  Yes, it does.
  
  Jesus also counsels us to be wise as serpents and harmless as doves. Be prepared like the wise virgins who brought extra oil for their lamps. Be wise like the wicked servant who was abt to be fired and still managed to find a home so he did not have to work.
  Report Post »
- Rohawk
  Posted on June 23, 2012 at 3:37am
  It says the gold of the rich will corrode or something as a sign against there greed, but is fiat money a better answer? By all means give (I’m a tither) but don’t waste what you plan on keeping.
  Report Post »
- JACKTHETOAD
  Posted on June 23, 2012 at 6:38am
  Amen, thrice.
  Report Post »
FunFunFun
Posted on June 22, 2012 at 10:15pm
Thank you, Glenn. Because of your “always early alert system,” now my husband and I do not have to worry about gold / silver going up down, because we bought some way back when you first sounded the alarm.

Thank you for the backyard farming / ranching early alert too. Now, I value my chickens as much as the metals. We cannot eat metals, but we can always have eggs to eat.
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- Baracalypse
  Posted on June 22, 2012 at 10:38pm
  “We cannot eat metals”…….. but with metals you’ll always be able to eat.
  
  youtube dot com/watch?v=7ubJp6rmUYM
  
  You may consider a bag of mercury dimes or pre-’64 junk silver coins for barter.
  Report Post »
Exrepublisheep
Posted on June 22, 2012 at 10:06pm
So be sure to buy from Goldline! The business Glenn Beck approves of!!
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- Brooke Lorren
  Posted on June 22, 2012 at 11:32pm
  Goldline is really expensive. We have a local dealership that I go to. We get Eagles there; I guess they should be pretty safe.
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- macpappy
  Posted on June 23, 2012 at 12:10am
  Provident is much better for Eagles, Gold or Silver. About 3 bucks above spot.
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- Elena2010
  Posted on June 23, 2012 at 12:28am
  Other bullion coins are cheaper than the Eagle or the Maple Leaf. Sunshine mint strikes Eagles for the US gov’t, so their bullion coins are good to go. Stagecoach silver (NW Territorial Mint) is breakable into quarters for barter.
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- Rohawk
  Posted on June 23, 2012 at 3:18am
  MAC Provident is the best I could find. Gainsville and Merit are ok, but Merit tries to pusk you away from the cheap bullion they promote. Goldline bothered me in that you can’t find the prices anywhere online and that screams markup to me. One thing to note is that if you buy junk silver (non-rare 90% silver US coins) the government can’t get you for capital gains on legal tender like with bullion. It still is tough to get places to tell you how to determine what constitutes their buy back price so you know your true costs.
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- Altair
  Posted on June 23, 2012 at 8:44am
  APMEX is a straight-arrow company, selling and buying. Totally upfront.
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