Kruger rand

[Sly21C]

Hi guys

I have a 1oz Krugerrand that I'm possibly looking to shift.

Any suggestions on the best place for me to sell it to get the best price? Obviously outlets like Scoin don't make very compelling offers.

Thanks

I'm interested, how much are you offering it for? There must be tests performed of course.

 

[Sly21C]

Keep it...

Will be double it's value in 5 years.
That beats inflation by a mile.

Keeping or buying gold for inflation purposes or for investment is for the wrong reasons. The purpose of gold is to hedge against currency depreciation. Venezuelans now realize how important gold is, it retains value no matter what.

 

[bchip]

how important gold is, it retains value no matter what.

Price of Gold in 2011 -> Today = $1725 to $1225 (-30%)
Price of Gold in 1988 -> 2005 = $450 to $450 (17 years) (0%)

hedge against currency depreciation

What if the dollar depreciates?

 

[Sly21C]

Price of Gold in 2011 -> Today = $1725 to $1225 (-30%)
Price of Gold in 1988 -> 2005 = $450 to $450 (17 years) (0%)

The powers that be speculate and manipulate spot gold prices. Their aim is to get people to depend on fiat currency, and not know that gold is true money. The dollar is a currency, not money really. Currency used to be a receipt for gold stored in vaults back in the day.

What if the dollar depreciates?

Gold prices will increase.

Nixon destroyed the gold standard in the 1970s, so the US dollar is no longer backed by gold, but by the Petro Dollar. Some independent economists state that the current true value of gold is actually in the region of $20 k per ounce. More money is created at a faster pace as opposed to the pace gold is mined, so to me they make sense.

 

[bchip]

The powers that be speculate and manipulate spot gold prices. Their aim is to get people to depend on fiat currency, and not know that gold is true money. The dollar is a currency, not money really. Currency used to be a receipt for gold stored in vaults back in the day.

Must say I love a good conspiracy theory.

But what I dont understand is that if they have manipulated the price to something low for 17 years,
doesnt that mean that they also missed out for 17 years?

Their aim is to get people to depend on fiat currency, and not know that gold is true money..

Considering they got this right (to get people on notes) since the 1300's, looks like they did a pretty good job

...I do remember the days though when Salt used to be the true money...Man, those Roman times.

current true value of gold is actually in the region of $20 k

There is no such thing as a "true value". True value of tulips in the 1600s were more than a house,
today true value is $20. True value of a house in 2007 wasnt the true value of a house in 2008.
The true value of a glass of water in the desert is not the true value of a glass of water in the UK.
A true value is only what the next person is willing to pay for it.

 

[Sly21C]

Must say I love a good conspiracy theory.

But what I dont understand is that if they have manipulated the price to something low for 17 years,
doesnt that mean that they also missed out for 17 years?.

Some conspiracy theories turn out to be true. Just because some people refer to a theory as a conspiracy theory doesn't mean it's nonsense. They give it that title so as to delegitimize it. If I like, I can refer to the Theory of Relativity as a conspiracy theory

One word.... Usury. Banksters make money by charging usury/interest. If the price of gold was allowed to shoot up to $20k per ounce, then the trust people have on the dollar and other fiat currency would vanish. Faith and trust, along with the Petro Dollar system, are what is keeping the dollar from not depreciating like it's supposed to.

Considering they got this right (to get people on notes) since the 1300's, looks like they did a pretty good job

...I do remember the days though when Salt used to be the true money...Man, those Roman times.

The use of salt didn't last, the same with our fiat currency, it'll never last forever. Gold (and silver) has been used throughout history.

There is no such thing as a "true value". True value of tulips in the 1600s were more than a house,
today true value is $20. True value of a house in 2007 wasnt the true value of a house in 2008.
The true value of a glass of water in the desert is not the true value of a glass of water in the UK.
A true value is only what the next person is willing to pay for it.

Can't argue with you there. If the petro dollar system fails, then faith in the dollar will collapse and then the true value of gold will be realized.