Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Muthusamy SELVARAJU who wrote (28307)	2/1/2003 1:44:03 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

>>... who do you think controls the brokerage houses ... They can use the same paper tricks ... the same people that toppled the Soviet Union ... they took out Poland,.. a Domino effect ... We are dealing with some might here folks<< I guess 'they' stands for 'Elders of Zion', right?... So comfortable, the antisemitism, it used to work, see if it works this time.

To: Muthusamy SELVARAJU who wrote (28307)	2/1/2003 4:20:41 AM
From: energyplay	Respond to of 74559

Interesting problem. Here in California, a gold purchase under $1000 gets sales tax. Over $1000 it's considered an investment, and NO sales tax. There's about a 3-7% mark up over spot, which I consider reasonable for retail (How to you keep inventory when prices fluctuation can easily kill your profit ?) Have you tried Italy, (maybe around the area of Italy where 90% of the world's gold chains are made ?) Austria, maybe the U.K. ? I read in the UK Spectator about a trend towards buying physical gold among the smart set. The statements about Mr. Kissinger influencing the selection of the Pope aside, there IS a useful point in that post. For shares that you are counting on for after some financial blow-up, taking physical possesion of the certificates of some of them is a VERY good idea. Many of these stocks may be loaned out to shorts, or the broker may cease to function, or your account gets messed up. Gold might go to $3000, and you couldn't sell your shares. Of course, after possible legal action,etc, you would most likely get the shares...when gold was back down to $700 ;-) You might want to sell Newmont Minning when it hits $500, and buy Cisco, which will then be about $2.50 then. Heck, maybe even some Qualcomm.