The Mental Militia Forums

Please login or register.

Login with username, password and session length
Pages: 1 2 3 [4] 5 6 ... 58   Go Down

Author Topic: Got gold?  (Read 177822 times)

kbarrett

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 1137
Got gold?
« Reply #45 on: May 10, 2004, 06:05:55 pm »

Quote
What, like Kalifornia?

Kent
Gack ....CA .... that's evil....


There are a few gold fields in CO, but better pickings in WY, MT, or SD. Or even OR or ID. If you pay for a GPAA membership, you do get to use their claims.



Some good GPAA contacts in CO are:

Colorado
Durango Chapter (Durango CO)
     Wayne Peterson nuggetbrain1@msn.com        (970) 385-7384
     Troy Hott hotsgold@hotmail.com                   (970) 883-2429
     
Western Slope chapter, (Olathe, Co.)
     Marlin Littlefield marlinlt@netzero.net       (970) 921-6211
     Bob Dodge rdodge1130@aol.com                 (970) 323-6381
     meets 3rd thurs. monthly @ 7 pm
« Last Edit: May 10, 2004, 06:06:34 pm by kbarrett »
Logged
The psychology of “Projection”:  If you want to run people’s lives for them, then you will probably assume that any armed person wants to do the same to you. Scratch a victim-disarmament supporter, and you will always discover a fear-ridden control-freak.

Dull'Hawk

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 2222
  • DullHawk.com
    • dullhawk.com
Got gold?
« Reply #46 on: May 10, 2004, 10:20:59 pm »

I thought you meant further west than I am.   <_<

Kent

PS: I do know a good area now, but haven't gotten up there yet.  I knew someone who had a mine near there.  He did a lot of gold mining.
« Last Edit: May 11, 2004, 12:31:58 am by DullHawk »
Logged
Kent For Liberty

Firefly militia: millions strong, one at a time.

Declaration of Liberation: I hereby withdraw any and all consent (if, indeed, consent was ever given) to be subject to the whims of the murderous, criminal collective known as "government".

DrillSgtK

  • Guest
Got gold?
« Reply #47 on: May 20, 2004, 03:09:43 pm »

I just got back from a field training exercise and was doing catch up on the files and saw this topic.

I’ve been buying gold and sliver for years, but never had the thousands most places seem to want up front. I’ve bought Gold Eagles and Silver (Eagles, Cir Dollars and 90% cir silver) from “The Lone Star Mint” in Plano Texas. [address at the bottom] as they have a minimum of $50 a month buy requirement. You can take possession of any whole amount any time. Since 1992 I’ve been buying, so I have made a good investment over the years as well as “dollar cost averaging” the price. The people are very nice and it’s in my price range.  You can send in more, of course, and I’ve gotten to that level now. But when I started, my income was much lower and $50 a month was what I could afford.

I’ve also found that if you have the time, look up local coin shops in the area, say 50 miles from home. Often they will be happy to sell you “junk silver” to get it off their hands. Don’t go for the Near Mint Peace Dollars, unless you’re a collector. Just get the circulated ones. Just last month I got an 1888 Dollar for 4% over it’s melt value. Could not avoid the sales tax in this state.

If you get to know the owner of these shops they can get you any mint coin you want for a moderate bit over spot. Though often they want full payment at one time. I’ve been able to get some of the smaller Gold Eagles from them (1/2 oz, 1/4 oz and my favorite 1/10 oz.) as they tend to be more in my cash range.

The nice thing about getting small quanties over time and from several places is that if “they” ever ban gold or try to get ya, “they” won’t know how much you have with out taking a lot of effort to find out. (They would have to talk to over 15 shops in 6 states about my buys over the last 14 years, to get a close number of what I may have)

I think it would show up more if you made a $1,200 buy each year vs. $50 buy twice a month for a year.

Just my thoughts

Drill Sgt K

Lone Star Mint
805 E. 15th Street
Plano, TX 75074-5805
972-424-1405
www.lsmint.com

It is called the “Prospector Club” but they don’t have any information on the web page, sorry.
 
Logged

unstructuredreality

  • Guest
Got gold?
« Reply #48 on: May 20, 2004, 03:30:08 pm »

http://www.washtimes.com/national/20031204...11437-5659r.htm
http://www.financialsense.com/editorials/w.../2003/1209.html

Anybody have real world experience in this area yet?  This was a bill that was signed by the president that made gold dealers, pawn shops, casinos subject to reporting requirements like banks, coming under the definition of "financial institutions".  I haven't bought anything since, so it would be good to know if implementation is in effect.  This was the sly passing of parts of Patriot Act 2.
Thanks and,
Good Day
« Last Edit: May 20, 2004, 03:32:02 pm by unstructuredreality »
Logged

Silver

  • thrivalist
  • Moderator Group
  • Sr. Member
  • *****
  • Offline Offline
  • Posts: 3687
Got gold?
« Reply #49 on: May 20, 2004, 04:27:48 pm »

Good for you DrillSgtK!  I started my buying in the 1980s but let it slip some in the 90s when I got real busy starting my business.  Now I kick myself for having lost a great opportunity to dollar cost average, but no one is to blame but me.  Now is a great time to be buying, adjusted for inflation gold is a screaming bargain anytime it is below $400.  And I whole-heartedly agree that the best way to buy is as a savings plan, whatever you can do every month.  "Pay yourself first."

As for Unstructured's question, I'm not sure one can tell what effects this new brick in the foundation of the police state will have.

I felt a chill when Bin Laden was reported to have offered 10,000 grams of gold to the person who killed the head of the US occupation in Iraq.  I could just see the thugs and the courtesan press grunting out a big steaming pile of filth about how only terrorists use gold.  It may happen yet.

But as far as I can tell, these days once the thugs have their eyes on you, you don't get told, until they break down your door at 3 AM and kill you, or gitmo you, or whatever.  Even if they let you have a "trial," first they confiscate all your financial assets so that you can't defend yourself.  

Peace,

Silver
 
« Last Edit: July 16, 2005, 06:50:12 am by Silver »
Logged

securitysix

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 5863
  • Self Proclaimed Champion Thread Derailer
Got gold?
« Reply #50 on: May 20, 2004, 04:43:41 pm »

OK, after having read the whole thread, I think I'm caught up.  I did want to comment on something posted by Silver...:

Quote
FDR posted armed guards at all banks, who went with every person who opened their safe deposit box, and made sure any gold was traded for worthless paper.  Lots of people owned gold then, and many kept their coins in bank safe deposit boxes.

Now, maybe I'm nuts (OK, I am, but ignore that for a second, kay?), but I'm thinking that keeping a little bit of precious metal in a safe deposit box might actually be an act of genious.  If they try to do this again, you cough up what might be a couple or three hundred dollars worth of gold or silver and go "Nope, boss, that's all I've got."  Well, they done looked in your safe deposit box, didn't see any there.  If you're creative about stashing the rest, you'll still have more than enough, but the JBTs (Jack Booted Thugs) will think they've gotten it all.

Of course, that brings about the possibility that it will not be LEGAL to have it, thus impossible to spend it, again in your lifetime, but your progeny might be able to do so.  Hrm...that brings about a delimma.  How to pass along not only that there IS a treasure, but where to find it, without tipping off the JBTs and having them find it first...?  Of course, a creative individual might borrow a chapter from Dan Brown's books, but then, there's guys like me who barely have the creativity to tie their shoes in the morning.
Logged
"That's what governments are for; get in a man's way." - Malcom Reynolds

"This country has come to feel the same when Congress is in session as when the baby gets hold of a hammer." - Will Rogers

Silver

  • thrivalist
  • Moderator Group
  • Sr. Member
  • *****
  • Offline Offline
  • Posts: 3687
Got gold?
« Reply #51 on: May 20, 2004, 04:57:26 pm »

Well, maybe you're nuts, and I've lost my mind (don't worry, it's so sick it won't get very far) but we do think alike.

There are already a nice sacrificial bunch of coins in one of my safe deposit boxes, for that very reason.  Call me paranoid if you like, but in fact they are out to get us, and they always do the same thing over and over again, while expecting different results.

Being illegal to posses and being unable to spend it are two entirely different propositions, and I hope to spend every gram someday.  Laws to the contrary are null and void, and merely increase the care that must be taken when arranging transactions.  'Nuff said.

Peace,

Silver
 
« Last Edit: July 16, 2005, 06:49:03 am by Silver »
Logged

Bear

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 7943
  • Curious Bear
Got gold?
« Reply #52 on: May 20, 2004, 05:15:48 pm »

Hmmm... a couple of ideas from novels:

1. There is a rumor of a buried treasure. The bad guys dig and find a buried treasure.
Maybe it isn't as big as they thought, but people do exagerate. The real treasure is
in a much larger box buried a couple of feet under the decoy. Who would keep
digging after they've found what they're looking for?

2. This takes place in France. In a will, after the usual verbage, there is a list of
uncommon words. The recipient of the will goes to the house of the deceased. In the
study is a Larouse encyclopedia. He decides to look up the words in the list from the
will. It turns out that there is a 1,000 Franc note taped to page next to each entry.
The deceased figured that if thieves broke into his house, the chances of them stealing
an encyclopedia is very small. Everybody wins except the tax man.

Bear
 
Logged
"There is no good idea so perfect, so pure,
that Government can't do it badly."
-- Bear

TFA303

  • Newbie
  • *
  • Offline Offline
  • Posts: 20
Got gold?
« Reply #53 on: May 21, 2004, 03:51:25 am »

I've liked gold ever since my mom got a necklace with a Kruggerand on in when I was a kid. I buy a little at a time, but steadily. It adds up.


Tom
 
Logged

Roy J. Tellason

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 5996
  • Techy Kinda Guy and Serious Bookaholic
    • Roy J. Tellason's Home Page
Got gold?
« Reply #54 on: June 10, 2004, 09:15:05 pm »

I just want to add a comment on the subject of safe deposit boxes,  since they've been mentioned a couple of times in this thread...

In a book I read some time ago (I *think* it was a Harry Browne book) it was mentioned that safe deposit boxes may not be a real terrific idea,  particularly if in a "time of crisis" they decide to declare a "bank holiday" for some reason.

The book also mentioned "safe deposit companies" that were basically the same sort of a setup but without the bank attached.  I've never seen such a thing,  any of you folks know of any?
Logged
Member of the toughest, meanest, deadliest, most unrelenting -- and ablest -- form of life in this section of space,  a critter that can be killed but can't be tamed.  --Robert A. Heinlein, "The Puppet Masters"
--
Information is more dangerous than cannon to a society ruled by lies. --James M Dakin

Desertrat

  • Guest
Got gold?
« Reply #55 on: June 11, 2004, 10:11:44 am »

I've not checked into it, tellason, but I know there's one in Tallahassee.  Might do a search under "private vault(s)" or some such...

However, if the feds go after bank boxes they'll go after the non-bank ones as well.  The only advantage is that the private vaults won't close for a "bank holiday".

'Rat
Logged

Augustwest

  • Full Member
  • ***
  • Offline Offline
  • Posts: 596
Got gold?
« Reply #56 on: June 14, 2004, 02:52:39 pm »

A little late getting to this thread, but a couple/few thoughts (all opinions of mine, and I'm not particularly educated in these matters) -

-As far as "know your customer" rules for financial institutions, I believe they're only applicable to new customers, so if there are dealers you were doing business with prior to the rules taking effect, you should be left alone.

-I just made a fairly modest purchase of some silver coins last week from a dealer I hadn't dealt with before, and didn't have to provide proof of identity.

-Seems to me that the concern about being 1099'ed for selling a dealer more than 20 (or is it 25?) non-eagle coins would vanish if one were to spread one's sales out over multiple buyers. Not a huge issue for me, because if I get to the point where I need to convert my meager precious metals holdings into FRNs, capital gains taxes will be the least of my worries.

-As far as small fractional gold purchases go, buying Sovereigns or Francs from CNI, which Bear turned us onto awhile ago (thanks Bear!), is a much better deal, I think, than buying 1/10 eagles. Yes, you're paying more for them, but you're getting more gold, at a lower premium, and they're still under 100 bucks (before shipping).
Logged
\"May have been the losing side. Still not convinced it was the wrong one.\"  - Capt. Reynolds

EconGeek

  • Guest
Got gold?
« Reply #57 on: July 20, 2004, 05:31:52 pm »


I'd like to suggest everyone here read Rothbards "What has the government done with our money?".   Its a short book, 50-70 pages and is downloadable free from the mises institute (www.mises.org).

It will explain what money is-- something that many gold bugs often don't quite get, and give a bit of the economics behind why gold is money.

For instance, on the face of it, it sounds like a good idea to stockpile ammunition instead of metal for some future catastrophe.   Certainly having enough for your own use is a no-brainer.

But will gold or bullets be a better form of money when the FRN is no longer taken?

The answer is gold or silver.  While you can't eat or shoot gold and silver, they are money-- because they have all the characteristics of money.  Money is a medium of exchange with specific characteristics.  Ammunition is not- its not divisable, and its value is not easily quantifiable... and there are a couple other characteristics that I think it may not suit well.

I'm not saying you shouldn't have extra ammo-- but if your'e stockpiling ammo because you expect TEOTWAWKI or whatever, you should have gold or silver as well.

Anyway, its a great book-- well worth the time, and its free!
 
Logged

Mostly Harmless

  • Guest
Got gold?
« Reply #58 on: July 21, 2004, 08:43:48 am »

Quote
rockchucker,

It's interesting to note that during times of civil strife those tiny lead ingots and other siniliar items very well could be considered as valid currency........
Yeah. One could become quite the alchemist -- turning lead into gold. :ph34r:  
Logged

ZooT_aLLures

  • Administrator
  • Sr. Member
  • *****
  • Offline Offline
  • Posts: 7956
    • http://www.thepriceofliberty.org
Got gold?
« Reply #59 on: July 21, 2004, 01:05:41 pm »

Econgeek,

Quote
I'm not saying you shouldn't have extra ammo-- but if your'e stockpiling ammo because you expect TEOTWAWKI or whatever, you should have gold or silver as well.

Yes.....a well balanced portfolio always has and will continue to be a good idea, and I've never said that it wasn't *grin*
Logged
Even some cowboy and indian outlaws in the 1800's eventually stopped sleeping under buffalo skins, and came to town to entertain paying customers. For some I imagine the bruising of their ego never healed.

We all have some scar tissue that never lets us completely forget the intent of the adventure.
Pages: 1 2 3 [4] 5 6 ... 58   Go Up