What would really neat is to find foregin coins that have equally increased their value in metal content over the exchange rate value, import them, melt down and profit.....
Can Congress stop such a mining operation on Foreign Coins? Of course, ship in bulk.
Or does the exchange rate cover the metal value difference?
Our government went one better. In order prop up the Bank of England's pound notes at $3.85, president Franklin D. Roosevelt confiscated American's gold and gave the citizens paper notes reading $20 for each ounce. Then he raised the price of gold to foreign banks to $35. In a couple of years, the paper given to the US citizens was worth about $10 in gold. One of the biggest robberies in history.
i understand fed reserve bankers can still buy gold at the fixed [for them] price of 44 dollars 44 cents [per ounce]
further the gold supposedly held in fort knox has never been audited ,as well as the fed bankers ]in name only, in reality they are foreign bankers]running it under cover of being a federal reserve
, then the price they pay can pay by simple book credit
It's carried on the books at $44 or something like that, but they can't buy it for that. What they can do is "lease" it to their friends to use in the gold carry trade. It's still carried on the books as though it were still in the vault, and of course it's all secret.
i understand that the fed got bought out for 44 billion, but that govt can by it beck for that 'set' price
also that under seignorage we could press one gold coin[ or better 12 at 12 billion] and give to to the bankers and never have to pay intrest on our own money [debt[ again
[jfk] signed the pres order [11,110] to do it 3 days before he was shot[done deal?]
btw they stopped the gold eagle coin minting about a few weeks ago because the cost of minting it was getting less than what they were selling it for.
Think about it. They could easily raise the prices on those gold eagles. I can think of only two reasons why they would quit selling them, both bad for the US.
As you know, there was a big run up in the prices of gold and silver on Friday. It's interesting what DIDN'T happen. It had become very predictable that any big price gain in metals would be met with huge sales all at once. Conspiracy theories abound. On Friday, the plunge didn't happen. Just up, up, up. The US stock market indices were down along with the dollar. Ominous stuff. Next week will be very, uh, interesting.
I just found out that the central banks' yearly quota for selling gold started a new year last week. So they may hold off for now. I guess that could be one reason the traditional late Friday plunge did not take place. I'm still wondering why the US Treasury will not take orders for Gold Eagles at any price. They are not back-ordered or out of stock. They are "not available."
Not to mention deflation. Its all relative. sigh
Sankyaphilosophy 3 years ago
good job jive
ams5995 4 years ago
You make great videos, Jive!
WonjuEnglishSchool 4 years ago
Illegal to take more than 5$ worth of nickles overseas? Well what the heck am I gonna stuff down the front of my pants?
thebigt82 4 years ago
Was that a spike jones clip. :~)
Sleeeeve24 4 years ago
Brrrzzzzt! I'm sorry, but we have a lovely parting gift.
JiveDadson 4 years ago
1.2 million for Ron!
Ben8088 4 years ago
Try 5 million for Ron!
electrorocket 4 years ago
Yeah!!! 1.2 Million was just in the last week alone!
Now it's 5.3 Million total for Quarter 3!!!
Ben8088 4 years ago
What would really neat is to find foregin coins that have equally increased their value in metal content over the exchange rate value, import them, melt down and profit.....
Can Congress stop such a mining operation on Foreign Coins? Of course, ship in bulk.
Or does the exchange rate cover the metal value difference?
UnderseaCaveman 4 years ago
Krugerrands ftw
soulmantim 4 years ago
Genius!
gimpusmons 4 years ago
1981 is the last year that the mint stop producing "pure copper" pennies. The metal content is worth more than one cent.
warmnfuzzzy 4 years ago
I don't know anyone that will buy nickel content, but I know someone that buys silver and gold (Me)
soulmantim 4 years ago
Eleven ratings? I guess Bernanke just isn't a big draw.
JiveDadson 4 years ago
HAHAHA i love it! Jive is da man !
Woodchuckk 4 years ago
money used to be gold silver and copper
the gold and silver has disapeard
silver was replaced with nickel
[what is today 3 dollars of silver is now a mere nickel ,by weight]
the australian 50 cent piece was the last silver legal tender in auastralia[now 7 dollars in silver value]
our bank notes were a promise to pay in silver[in pounds weight
[fools traded billions of silver coin , for nice new nickel coins [loosing trillions of dollars
a huge fed bank theft [never reported]
1oneundergod1 4 years ago
Our government went one better. In order prop up the Bank of England's pound notes at $3.85, president Franklin D. Roosevelt confiscated American's gold and gave the citizens paper notes reading $20 for each ounce. Then he raised the price of gold to foreign banks to $35. In a couple of years, the paper given to the US citizens was worth about $10 in gold. One of the biggest robberies in history.
JiveDadson 4 years ago
i understand fed reserve bankers can still buy gold at the fixed [for them] price of 44 dollars 44 cents [per ounce]
further the gold supposedly held in fort knox has never been audited ,as well as the fed bankers ]in name only, in reality they are foreign bankers]running it under cover of being a federal reserve
, then the price they pay can pay by simple book credit
1oneundergod1 4 years ago
It's carried on the books at $44 or something like that, but they can't buy it for that. What they can do is "lease" it to their friends to use in the gold carry trade. It's still carried on the books as though it were still in the vault, and of course it's all secret.
JiveDadson 4 years ago
thanks for clarifieying
i understand that the fed got bought out for 44 billion, but that govt can by it beck for that 'set' price
also that under seignorage we could press one gold coin[ or better 12 at 12 billion] and give to to the bankers and never have to pay intrest on our own money [debt[ again
[jfk] signed the pres order [11,110] to do it 3 days before he was shot[done deal?]
1oneundergod1 4 years ago
I think fort knox is empty, or at least that the gold is China's now.
soulmantim 4 years ago
btw Ron Paul has over 1 million now! woot!
soulmantim 4 years ago
wow I didn't realize it costs more to make the nickel than the actual materials.
btw I think something is really wrong when a Morgan or peace dollar (which is supposed to be worth $1) but is actually worth about $10 in silver
soulmantim 4 years ago
Morgan dollars are selling for around eighteen "dollars." An ounce of silver will buy 13 3/4 Federal Reserve dollars.
JiveDadson 4 years ago
about .900 silver I thought and then you have to factor in 'refinery' charges
soulmantim 4 years ago
To be exact:
0.77344 troy ounces
silver is 13.72
-------------------
$10.61 in silver for a $1 coin!
don't get me started on gold :)
btw they stopped the gold eagle coin minting about a few weeks ago because the cost of minting it was getting less than what they were selling it for.
soulmantim 4 years ago
Think about it. They could easily raise the prices on those gold eagles. I can think of only two reasons why they would quit selling them, both bad for the US.
JiveDadson 4 years ago
hmmm, well that's true.
soulmantim 4 years ago
As you know, there was a big run up in the prices of gold and silver on Friday. It's interesting what DIDN'T happen. It had become very predictable that any big price gain in metals would be met with huge sales all at once. Conspiracy theories abound. On Friday, the plunge didn't happen. Just up, up, up. The US stock market indices were down along with the dollar. Ominous stuff. Next week will be very, uh, interesting.
JiveDadson 4 years ago
Yep I'm scrapping a bunch of gold tuesday (as long as it goes +$740 that day.
I think $750 tomorrow, I was a week off last week.
I hope we get President Paul soon so we don't have to resort to an Amero to 'save' the dollar.
soulmantim 4 years ago
I just found out that the central banks' yearly quota for selling gold started a new year last week. So they may hold off for now. I guess that could be one reason the traditional late Friday plunge did not take place. I'm still wondering why the US Treasury will not take orders for Gold Eagles at any price. They are not back-ordered or out of stock. They are "not available."
JiveDadson 4 years ago
I don't know, but if you have one of those gold eagle coins they could end up being worth a pretty penny for numismatic purposes.
I'm kicking myself for not buying any.
soulmantim 4 years ago
They are still available from bullion dealers.
JiveDadson 4 years ago
hmmmm, should pick up a few of those.
soulmantim 4 years ago
Lead might be the best thing to be investing in for the future.
What ever happened to the wooden Nickel?
I bet it would be worth its weight in fire wood these days.
ronpaulguy2008 4 years ago
coinflation dot com
has some cool coin calculators.
sLeepPastNooN 4 years ago
honk honk!
sscb1 4 years ago
Hi Harpo! Whata you say?
JiveDadson 4 years ago
and that isnt counting the cost of melting, pressing, shipping, ect.
jonathanwindham 4 years ago