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Sunday, December 27, 2009

Why Gold - Simple Explanation and Some History

Below is a Player with Broadcasts by Dominic Frisby. There is one he did back in July (broadcast number 16 on the player) Called " Why is Gold the Currency of the Free and Idle" Dont be put off by the title - it is a very simple and detailed explanation of gold, its history and why it is such a sound place to put your money.

Wednesday, December 23, 2009 How to Use the Gold Calculator

Demo of the Coin Bullion and Scrap Gold Calculator at

You Cant Give Gold Away

Great video clip of Mark Dice trying to sell one ounce of gold for as little as $5

Monday, December 21, 2009

The Dollar Breakout and the Gold Wall of Worry

Followers of the Forex markets will have seen a decisive trend reversal on the part of the dollar last week. EURUSD has definitely broke its upward trend as has AUDUSD and USDCHF has reversed its downward trend. Rumblings in Greece or debt default can be seen as a cause and many are anticipating a stock market downturn in the new year accompanying an ever strengthening dollar as money looks for safe havens and the market clamors for $$$ to pay back leveraged positions.

So what about gold. The fall back from the $1224 high has been met with much pessimism amongst commentators as people fear that any repeat of last years credit collapse will bring a collapse in the price of gold as people try to sell anything and everything to pay back leveraged positions.

Only time will tell but one thing that has been mentioned a fair bit is that Bull Markets climb a wall of worry and that Bull Markets manage to take as few people with it as possible ( Richard Russell). Before we reached the high of $1224 there was nt much optimism in the gold market as many newsletter writers were predicting a collapse down to $800 or less and there is even less now on the pull back so this could be a bullish signal.

A debt default in Greece could cause similar sovereign defaults in other parts of Eastern Europe shaking the banking system to its very core. Gold may be seen as the only safe haven as people question all sovereign debt and the banking system - as happened in the 1930s

The Indians and Chinese have shown a large willingness to buy gold at $1040 so any rush of gold into the market could be met with their buying.

In last years sharp gold fall yes you suffered if you were dealing in $$$. But gold did not really drop far for very long against the Pound and the Euro - which will most deifintely suffer in any credit collaspe.

Gold is insurance - so yes it may drop to $650 but for those who have the long term in mind, who see it as insurance,who know the scenarios they are insuring against this should be of little consequence.

Gold & Precious Metals Related Books

The CPM Silver Investing Yearbook - excelent read for anyone looking to invest in silver.

Eric King interviews Jim Sinclair

Great interview with legendary gold investor Jim Sinclair by Eric King on

Saturday, December 19, 2009

Gold vs the Dollar - Store of Value

Great interview with Market Technical Analyst Louise Yamada interviewed on Jim Puplava's Financial Sense today. She pointed out that in 1920 a $20 gold coin would buy you a man's suit as would a $20 note. Today that $20 gold coin is worth over $1000 and would still buy you a man's suit whereas the $20 would buy you a pair of socks.

Gold is the ultimate store of value - it retains its purchasing power over time.

Catch the whole interview at

Wednesday, December 16, 2009

Tips on Gold Confiscation

Monday, December 7, 2009

Silver Investing - The Case for Junk Silver

The term Junk Silver commonly refers to old US dimes quarters and halves that were at one time made of 90% silver.
• 1964 Kennedy Half Dollars
• Roosevelt Dimes
• Mercury Dimes name just a few.

For the experienced metals investor and the beginner alike it makes sense to own a quantity of these. They will always reflect the pice of silver, but they are small denominations which means as a crisis hedge they are easy mode of bartering. (Even one ounce of silver is worth $20 so do you really want to have to exchange one of these for a loaf of bread whereas a silver dimes currently as spot value of around $1.40).

These coins were issued by the US mint so you can more or less trust their silver content. As they will always reflect the price of silver you do not need to worry too much about the quality of the coin (unless of course they have huge chunks taken out of them!!!) but make sure that if you do not pay a premium higher than 15% for smaller quantities.

A good place to buy your junk silver is on Ebay. They generally have a lot of offers for silver dimes and kennedy half dollars. The In Gold We Trust Precious Metals Calculator and Metals & Coin info page are a good place to start. There is a list of the different junk silver coins their silver content and the calculator will inform you of their current market value. You can then go onto Ebay and place bids maximum 10-15% over spot. One trick is to place a lot of different bids at the spot price of silver. You may get 1 or 2 that you win and you get it at a good price. Good luck and visit for more info and resources.


Saturday, December 5, 2009

Gold and The Central Banks

Great article on Gold and Central Banks from Safehaven

Friday, December 4, 2009

Are Gold Parties the Best Way to Sell Your Gold

Following on from yesterday's post I wanted to suggest a few other easy ways readers can cash in their jewelry and hopefully get the best price. With Gold Parties it is important to see that there are a number of people getting a cut which limits the price they can offer to you. the Gold Party Company will typically take all the gold jewelry it buys at parties and ship it off to a refiner who will melt it down to pure gold. The refiner will take a cut of perhaps 5%. The Gold Party Company will want to make their cut (10,20, 30%???) and also the person hosting the party will get a cut therefore taking a sizeable chunk out of the value of you gold.

Here are some suggestions - if you do go to a gold party - make sure you know the current market value of your jewelry. For example you have a 14k gold ring that weighs 5 grams - go to the Precious Metals Calculator (click here) and it will calculate the current market value of your ring.

Other possibilities is going to your local coin shop or second hand jeweler. They will also bundle their scrap jewelry together and ship it off to the refiner but typically may pay more than at a gold party - perhaps 10% under spot price of gold.

Work out the current scrap gold value of your jewelry on your iPhone or Android with the Gold Bug Calculator

Gold Bug Calculator - In Gold We Trust

Get it on Google Play

Selling on Ebay is a good way and fairly simple once you know what you are doing. My experience is that you will normally get at least the spot price for your jewelry and possible even 10% or more over.

Good luck and shoot us an email at if you have any questions.

Thursday, December 3, 2009

Gold Parties - How Much is Your Jewelry Worth

With the troubled economy and the concomitant rise in the price of Gold we have seen the emergence and increased popularity of Gold Parties - these are like tupperware parties only the organizer invites all his/her friends to bring their jewelry over to be valued and then they will be offered cash for their gold.

For people looking to get hold of cash quickly and not necessarily in the know about how to sell their jewelry otherwise this seems like an attractive proposition. It is always worthwhile going to these events knowing how much your jewelry is worth.

The In Gold We Trust Gold Calculator makes it easy for you to work out the current market value of your jewelry so you can go to your party armed with the right value putting you in a good negotiating position.

Calculate the value of your jewelry on the Gold Bug Scrap Gold Calculator on your iPhone or Android

Gold Bug Calculator - In Gold We Trust

Get it on Google Play

Sunday, November 29, 2009

Updates from the Deflation Camp

Bob Prechter gave a good interview on Eric King's King World News and a frustratingly good argument for the deflation camp.

Check out the link to listen

Famous Last Words

Over the last few months gold has defied the pundits and newsletter writers by not delivering a much predicted pull back and is now racing ahead stopping just shy of $1200 on Friday.

This massive rise has sparked many commentators to predict that we will never see Gold below $1000 ever again. Whilst the fundamentals and some technicals may support this in the long term - these statements smack of euphoria. I am reminded of oil's meteoric rise above $100 up to $149 and how many of the peak oil proponents (many of them also Gold Bugs!!) talked about how we would never see oil under $100 again. Lets see where we end up!!!

Friday, November 20, 2009

Coming soon