The price of gold in China... by leadb

REAL WORLD EVENT DISCUSSIONS

The price of gold in China...

POSTED BY: LEADB
UPDATED: Wednesday, April 2, 2008 11:04
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Wednesday, January 2, 2008 6:07 PM

sorry, the price of gold in the US closed at 857 today, and is still trading in the international markets around 854. Silver is pushing a recent high, closing at 15.23, and trading in the international markets around 15.16. Oil pops over $100 today, and I see lines at the gas stations on the way home. I guess I got lucky; I topped off two days ago, so just drove by.

So... irrationally high prices on oil and PM's? Or has the Fed Reserve injected excessive liquidity in staving off the subprime mess?

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Tuesday, January 8, 2008 4:36 PM

LEADB

Once you set a record...

Today, gold closed in NY around 877. In international trading it's up another 8 bucks; putting the price of gold in China (Hong Kong) at 885.

Silver is also doing nicely; but it won't be setting any record due to the high of $50 or so that the Hunt brothers managed to trip it up to in 1980. Silver is only at 15.7.

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Tuesday, February 26, 2008 6:32 PM

LEADB

Gold - 953.70 Silver - 19.10

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Wednesday, February 27, 2008 7:41 AM

FREDGIBLET

What's lead selling for?

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Wednesday, February 27, 2008 8:02 AM

FREMDFIRMA

Leads actually up, I bitched that we didn't have enough in-service ammo production (we got ONE, count it, ONE plant, ok ?) to get into this mess in the first place.

Getting .223Rem/5.56Nato is a hassle as of late, but those who produce it are making a mint as they can barely supply the demand.

Weren't for the private sector we'd be in worse shape... but yeah, leads up enough to be annoying even for people who do their own reloading.

-F

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Wednesday, February 27, 2008 5:50 PM

LEADB

And platinum went through the roof; not that many folks noticed. Went from about 1500 a month ago to 2500 now; give or take.

Almost all commodities are up. You don't want to know where wheat prices are. Anyone counting on an inflation rate in 2008 below 10%? I hope not.

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Sunday, March 2, 2008 5:32 PM

LEADB

Quote:
Originally posted by fredgiblet:
What's lead selling for?

Didn't get a direct quote; but I just heard on a broadcast lead is up 30% for the year so far.

Edit: found it- $1.20 / lb in Jan to $1.55 / lb now.

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Monday, March 3, 2008 7:47 AM

FREDGIBLET

Quote:
Originally posted by Fremdfirma:
Leads actually up

So apparently neither of you got the little wordplay joke I was going for there (leadb/lead?). Guess its my fault for trying something stupid like that

Quote:
Getting .223Rem/5.56Nato is a hassle as of late, but those who produce it are making a mint as they can barely supply the demand.

I have a friend who buys military calibers because ammo is usually cheaper, he's got a bunch of 5.56 guns, he's not too happy right now.

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Monday, March 3, 2008 2:51 PM

LEADB

Quote:
Originally posted by fredgiblet:
Quote:
Originally posted by Fremdfirma:
Leads actually up

So apparently neither of you got the little wordplay joke I was going for there (leadb/lead?). Guess its my fault for trying something stupid like that

I got it. I snickered the first time. Letting on would have spoiled it for others, I hardly ever do that. I will say that if Frem hadn't commented on it actually being up, I probably wouldn't have looked it up, though.

Now that the cat is out of the bag, thanks for amusing me. :-)

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Monday, March 3, 2008 7:37 PM

FREMDFIRMA

Well, in case no one noticed, I have a strange sense of humor at times...

I was gonna let it run on it's own legs a bit, like I did Kwickos "sweeping generalisations" bit, and I wasn't sure if you were making a crack about ammo (justifiable in our current situation) or a pun on Leadbs name, either one's worth a snicker.

I caught it, but half the fun is knowing, and waiting for someone ELSE to slip on the banana peel.

-F

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Monday, March 3, 2008 9:26 PM

FREDGIBLET

I don't think anyone else is reading this thread... I didn't think of ammo until you mentioned it actually, The local places are sold out of Wolf for my SKS so I'll either have to wait for them to re-stock or bite the bullet (no pun intended) and order a thousand or two from the intertubes. No way an I paying 75 cents a round for it.

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Monday, March 3, 2008 10:14 PM

FREMDFIRMA

Sounds like a job for Ammoman !...

Always wanted to say that.

I know the guy, don't ask how, but he says if you want some, you better hop on it quick cause he's almost out, especially among popular permutations.

Sadly, he doesn't sell the unjacketed keithpoint semiwadcutters I load Miss Misery with, but since I only use them five at a time and very rarely, it's no biggie.

His website's pretty obvious, but what I know about per-case pricing would fit in a thimble with room to spare, so you'll have to make your own call on that one.

-F

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Wednesday, March 5, 2008 3:45 AM

FREMDFIRMA

Just to add to the hilarity...

Todays melt value of a US Nickel $0.0718769
http://www.coinflation.com/coins/1946-2007-Jefferson-Nickel-Value.html

That's right folks, seven cents.

Sounds like a case to start tossing your coinage in an empty pretzel barrel, don't it ?

Save the bills too, might be useful later...

As toilet paper.

“No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts”

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Sunday, March 16, 2008 5:24 PM

LEADB

Bear Stearns, once a mighty Financial institution has collapsed. Last week $150+ per share; today JP Morgan has agreed to stock share swap at $2.

Dollar has slipped to below .71 on it's index.
Gold has pushed past $1020 / oz.
Silver is over $21 /oz.
I haven't checked lead lately, sorry ;-)

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Monday, March 17, 2008 10:24 AM

FREMDFIRMA

And now that the rich bitches at the gambling table start whining about their losses, they'll run home crying to Big Daddy Gov to give their money, which they mostly rooked out of US... back - which it will, in the form of shore ups and bailouts...

And WHO gets to pay for it, do ya think ?

Go look in the mirror.

*throws on a single of Krokus: Eat the Rich*

-F

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Monday, March 17, 2008 1:34 PM

FREMDFIRMA

Just for perspective, let's tack on this bit.

"As of December, the FDIC was covering $4.3 trillion in insured deposits with a fund of $52.4 billion, for a reserve ratio of 1.22 percent."

1.22%

Means 98.78% of those having accounts in a crisis are potentially screwed, it's the FSLIC all over again - and come on folks, you know as well as I do that the 1.22% they DO hop to for, they ain't you and me, they're the big boys padding their pockets.

I learned the hard way from the implosion of the FSLIC, and history DOES repeat itself when no one learns a damn thing from it.

You money ain't safe, not unless it's in your hand.

Capisce ?

-Frem

It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it

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Monday, March 17, 2008 2:33 PM

LEADB

Hmmm. There actually isn't that much 'cash' around ie: green pieces of paper. Maybe $2,000 for every US citizen. We run on checks and little 'bits' in computers.

I wouldn't worry too much about the FDIC right now. Keep in mind that the Fed is pushing about $30 Billion into Bear Stearns so JP Morgan can 'make the sale happen.' Plenty more where that came from.

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Monday, March 17, 2008 4:48 PM

FREMDFIRMA

http://en.wikipedia.org/wiki/Federal_Savings_and_Loan_Insurance_Corpor
ation

Sorry, forgot to slide the link into the previous post - we've danced this floor before, see...

http://en.wikipedia.org/wiki/Savings_and_loan_crisis

And I got burned, for around $1700, my teenage life savings, as it were, via Old Court Savings and Loan, which locked the doors and refused to hand our own money back.

http://en.wikipedia.org/wiki/Old_Court_Savings_and_Loans

Some of us never got it back - I'm one of em.

You can imagine that's colored my perceptions a bit.

-Frem

It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it

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Monday, March 17, 2008 5:09 PM

FREMDFIRMA

http://www.time.com/time/magazine/article/0,9171,956993,00.html

"By week's end Hughes managed to restore calm and slow down the cash drain by ordering the 102 thrifts to limit withdrawals to no more than $1,000 a month."

"Even so, the $1,000 limit sparked bitter complaints from small companies that needed to meet payrolls and from customers who need money for large purchases. A few thrifts affronted consumers with the final insult by offering to lend them money instead, at rates of about 11%."

"To reduce Maryland's potential loss in rehabilitating the Old Court and Merritt thrifts, the state began negotiating their sale to such institutions as New York's Citicorp and Chase Manhattan."

"With so much attention directed at the FSLIC as the rescuer of last resort, many experts have begun wondering whether that fund is adequate. The increasing number of federal rescue missions has shrunk the FSLIC's reserve pool from a longtime average of 1.2% of all deposits to just .76%, or about $6 billion."

As you can see, we've been down this road before, and my passionate hatred of ShittyBank is the fact that they got all that was left of Old Court, and in my opinion, MY money, with the states nod and a wink - and I was left with jack shit to show for it.

Cause I trusted a bank.

-Frem
It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it

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Wednesday, April 2, 2008 11:04 AM

ASIANSOLO

Has anyone seen the price of aluminum cans, why it's 75 cent a pound.Not bad . After a stop at the local bar, picked up several trash bags of beer cans. Pocket a nice amount. I am not sure how much glass go for but someone will find out.

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