Oldtent Archives 2007 - 2008

My source in QLD tells me there’s a huge buyer in Sydney, he’s paying the trade 4% over spot for any gold coin.

 LP.

I would be very carefull not to lose any of it. First I would put the amount to be owed for taxes in T-Bills to be available to pay the taxes. Depending if I had other adiquite liquid cash reserves, I would invest part in some solid gold producers like Goldcorp (GG), Agnico-Eagle (AEM), And some in Wheaton (SLW) More important is what I would not do: I would not try to pick out so small cheap beaten down explorer and expect it to got to the moon quickly. Yes the dollar is going down but not so fast that available cash is not a very valuable asset currently to hold. When an absolute bargain appears which it will, you will know it and be glad you still had cash to get it. Most importantly, I would be patient and not let the extra money burn a hole in my pocket. Deadeye

Good night  

Amarillo. Haven’t been above 29 all day. All the best.—-aggie.

Hey, where are you ? I’m in Nevada where the weather is not tropical, but in the 50s & 60s.

sorry…. no good answers. tax on $80,000 @25% is $20,000     take $20,000 and put it in a bank cd @ 5%  for 6 months; on april 15, cash in cd , take penalty and still walk out with a couple hundred bucks extra.  the other 60,000 put into gold or silver.  if you put all $80,000 into gold @ $800  = 100 coins.    in 4 months if gold is $900  that gives you 90 -20 for taxes = 70…… but that is gambling…..if gold drops to $700… then 100 coins = 70-20 for taxes =50….    either way coins is best bet  but the cd  lets you sleep.   in the end— the good Lord has blest you  again.

http://www.youtube.com/watch?v=ZYl0mdzE-p0

I’m having to pay 30% more than last year for nitrogen fertilizers for wheat in this area. Prepaying and loading my tanks for the spring run right now. Nitrogen is the limiting factor and main input in this area.  Don’t imagine I’ll be buying much potash or any potash company stock. I’m a little different from most here as I’m an actual user/dealer of certain fertilizer products. You might say I’m situated where the rubber meets the road. I’ve got too much money invested in the actual commodity to invest in any company stock. All the best.—aggie.

Perth Mint must be a government run show as it is as slow as all get-out,hopeless to navigate, freezes and refers to on-line shopping etc but no links even in their sitemap.  Sack the webmaster.

Looks like phone-a-round to the local dealers in Syd.

Dusty - yep read that post 8 dec 23:54 - makes one think when the sell time comes small dealers might be real interested in some instantly available “inventory”?

Just received profit sharing for the year in the high 5 figures. IRS will get a big chunck, but not until April 15. Suggestions for three-four month placement suggestions appreciated. 2/3 of net now in physical(excluding real estate). What would you do??

Sorry, my mistate, listed wrong time. it is Dec8, @23:54……not 23:24.
Dusty

To be honest cannot remember that particular post and now cannot find it (did you delete?).

I’m also in Oz so half a day out of sync.  Some friends say because I’m a bug I’m out of sync permanently!

I’m in Oz so going to try Perth Mint direct…I’ll let you know how I go.

http://stockcharts.com/h-sc/ui?s=POT.TO&p=D&yr=3&mn=0&dy=0&id=p17361451113

Same here for tomorrow.  We’re already iced up good here. Slow moving low off southern California coast is sending several waves. Sounds like a big mess here tomorrow with lines and trees down. Probably today is only the beginning for ya’ll.  I may just keep my butt in the house. All the best.—-aggie.

You are ABSOLUTELY right!!!…..As the price gets higher I expect the premieums to increse. A matter of supply and demand. The higher the price goes the more sales there will be, untill the ultimate ‘blowoff’ whenever that is. As small dealers sell more they will increse their premieum, and how can you blame them as long as there are willing buyers? Small operators will pay whatever they have to to get the inventory as long as they have customers waiting to buy. This is just IMO but based on what I remember of ‘79-’80.
Cheers
Dusty

PS: Buy now!!

Interesting article….I sure would have thought Canada’s farmland was more than 7% as compared to greater than 40% in the US. Learn something new everyday, huh? All the best.—–aggie.