Silver

[Tom Sawyer]

Nothing more pitiful than quoting a quote of yourself.

SEE!

[Raineyrocks]

Nothing more pitiful than quoting a quote of yourself.

SEE!

[Lloyd Danforth]

They got my bank check on 7/13, cleared it on 7/23.  Their proposed delivery date was 8/27-8/31.  It has not arrived yet. 

Got my silver last week.  Never again will I order anything from them.  How much can you really know about you business if you promise something in thirty days  and can't deliver it until after 90?
On the online record of my order status they removed the proposed delivery date.  It also states Actual Shipped as Oct. 12.  When I went to FedEx tracking, I see they were notified of the package on the 16th.
I will spread the word far and wide.
     

BUMP

Have pity on me then

[Tom Sawyer]

 
We do Lloyd just not to your face. 

[J’raxis 270145]

They got my bank check on 7/13, cleared it on 7/23.  Their proposed delivery date was 8/27-8/31.  It has not arrived yet. 

Got my silver last week.  Never again will I order anything from them.  How much can you really know about you business if you promise something in thirty days  and can't deliver it until after 90?
On the online record of my order status they removed the proposed delivery date.  It also states Actual Shipped as Oct. 12.  When I went to FedEx tracking, I see they were notified of the package on the 16th.
I will spread the word far and wide.

Today I got an email from FedEx saying the package has shipped as of 2007-10-31. The status isn't just notified, but "arrived at FedEx location" (as of 19:14 last night) so presumably FedEx actually has in their possession NWT's package. My original shipping date was 2007-10-15, so they seem to be doing much better on my order.

Maybe they just don't like you.

[cathleeninnh]

We had no trouble with NWT, but that was last year.

Cathleen

[Raineyrocks]

If the prices of silver and gold continue with a sharp upward spike, Northwest Territorial Mint will be squeezed along with others who have sold short.

Here's something I don't understand about companies or people that sell gold or silver; if they know the dollar is going to crash then why are they taking crappy money and getting rid of their precious metals?  What are they going to have left to live on if the economy collapses?
See my avatar?  Those are the kinds of things that I ponder while I'm on the forum that's why I have that "I wonder" look on my face.

[Lloyd Danforth]

There might be profit in the premium they get for minting and casting it.

[Raineyrocks]

There might be profit in the premium they get for minting and casting it.

What is minting and casting?  Aren't they still taking devalued money though for something that could be more useful to them if the economy collapses?
If they are making a profit what good will that profit money be if the economy collapses?

[penguins4me]

Here's something I don't understand about companies or people that sell gold or silver; if they know the dollar is going to crash then why are they taking crappy money and getting rid of their precious metals?  What are they going to have left to live on if the economy collapses?

As it was explained to me, the majority of the gold and silver being sold for fiat currency is being used to cover other positions taken on the markets. For example, if a company sets up a transaction where the company will make money if the commodity drops in price, but the price doesn't drop enough, the company must cover its margin calls... and, supposedly, some will be doing that by selling their precious metals.

However, selling a commodity should lower its price, which is what I'm standing around waiting for. That, and lower real estate prices.

[penguins4me]

There might be profit in the premium they get for minting and casting it.

What is minting and casting?  Aren't they still taking devalued money though for something that could be more useful to them if the economy collapses?
If they are making a profit what good will that profit money be if the economy collapses?

If the economy crashes hard enough, not even gold will be useful to most folks. If the farmer only has enough food for his family, no amount of gold will buy the food from him. The precious metals would become useful after the crisis is over, but the institutions backing paper money have either defaulted or no longer exist.

It's hard to say how much life is left before a market crash. The gold-trading companies are likely trying to do the best they can for their owners... because, like I'd mentioned before, the possibility exists that between gold-holders selling like mad to cover margin calls and government deflationary action, that the price of precious metals could fall through the floor. That's the point where the mattress stuffed with cash becomes handy (because the banks won't have any cash to give) to buy stuff which was, for some reason, still not yet purchased.

[Raineyrocks]

There might be profit in the premium they get for minting and casting it.

What is minting and casting?  Aren't they still taking devalued money though for something that could be more useful to them if the economy collapses?
If they are making a profit what good will that profit money be if the economy collapses?

If the economy crashes hard enough, not even gold will be useful to most folks. If the farmer only has enough food for his family, no amount of gold will buy the food from him. The precious metals would become useful after the crisis is over, but the institutions backing paper money have either defaulted or no longer exist.

It's hard to say how much life is left before a market crash. The gold-trading companies are likely trying to do the best they can for their owners... because, like I'd mentioned before, the possibility exists that between gold-holders selling like mad to cover margin calls and government deflationary action, that the price of precious metals could fall through the floor. That's the point where the mattress stuffed with cash becomes handy (because the banks won't have any cash to give) to buy stuff which was, for some reason, still not yet purchased.

Thanks for explaining it, it's still a little confusing but not as much now!

[penguins4me]

I can't really explain it, I'm merely passing on others' explainations. What should be a relatively simple matter of supply vs demand vs investor group-think is horribly obfuscated because the very currency the whole market is running on is very unstable. It's as if you were trying to play Jenga on a low coffee table with a big dog running underneath it and bashing into table legs at random.

I believe I'm just starting to get some insights into the whole mess and it is awe-inspiring in how horrific it all is.

[Raineyrocks]

I can't really explain it, I'm merely passing on others' explainations. What should be a relatively simple matter of supply vs demand vs investor group-think is horribly obfuscated because the very currency the whole market is running on is very unstable. It's as if you were trying to play Jenga on a low coffee table with a big dog running underneath it and bashing into table legs at random.

I believe I'm just starting to get some insights into the whole mess and it is awe-inspiring in how horrific it all is.

Wow, maybe it's better for me then if I don't understand it all.

[penguins4me]

To the contrary - before I started reading and learning about the basics of the US economy, I'd made some decisions which, to a logical person dealing with honest economics, would have been smart in some cases, but because of the rampant deceit and theft, turned out to be horrible choices.

Simply knowing the basics is enough, too: I carry around a 1964 half dollar. I know the coin contains roughly 0.35 ounces of silver, and that the coin's face value is fifty cents. Using $15.60/oz as the price of silver (!!!), the fifty cent piece contains $5.46 worth of silver! That's over a 90% decrease in the value of your money since 1964 alone.

I say that all the time because I'm shocked - shocked that the US gov't would be so casual about their blatant and rampant theft of your money and mine. Read a bit, learn a bit, spread the word.