Results 1 to 20 of 20

Thread: Buying metals from Midas Resources?

  1. #1

    Buying metals from Midas Resources?

    http://www.midasresources.com/


    I just got off the phone with Frank from Ted Anderson's Midas Resources and for about $10,000 i built a package including.

    15 $10 Gold Liberties (1/2 oz of gold in each)

    2 Rolls of mercury dimes


    This sounds pretty good, considering the prices on ebay and whatnot. Frank also implied that .999 pure gold can always be seized by the government, if they return to the gold standard. (apparently this happened once before in history)


    Anyways, I should've bought gold a month ago like a smart person, but i've left it and now i've got to make my buying decision fairly quickly.

    Midas does not expect to have these coins avaliable past tommorrow.

    Would you go through with this if you had $10k to invest, or would you shop around?
    Last edited by ClayTrainor; 10-09-2008 at 10:51 AM.
    "One of the great victories of the state, is that the word "Anarchy" terrifies people but, the word "State" does not" - Tom Woods



  2. Remove this section of ads by registering.
  3. #2
    If deal is still available until tomorrow, you have plenty of time to shop around. Try ampex or others.
    "I'm not just trying to win or get elected. I am trying to change the course of history" - Ron Paul

  4. #3
    Quote Originally Posted by Bruno View Post
    If deal is still available until tomorrow, you have plenty of time to shop around. Try ampex or others.
    Will do, for sure.


    Im curious if the above sounds like a fair deal, good deal, or a ripoff

    Also,

    is it more likely that the government will seize .999 pur gold, than gold coins mixed with other metals like the $10 liberty coin?
    "One of the great victories of the state, is that the word "Anarchy" terrifies people but, the word "State" does not" - Tom Woods

  5. #4
    try monex as well as apmex. Last week they were out of silver, but i didnt ask about gold.

    www.monex.com


    ask if they have any silver back in stock , thanks.

  6. #5
    [QUOTE=ClayTrainor;1750459]Will do, for sure.


    Im curious if the above sounds like a fair deal, good deal, or a ripoff

    Also,

    is it more likely that the government will seize .999 pur gold, than gold coins mixed with other metals like the $10 liberty coin?[/QUOTE]


    I don't think anyone has the answer to that question. But from my understanding, numismatic coins were not confiscated in 1933, only bullion coins.
    "I'm not just trying to win or get elected. I am trying to change the course of history" - Ron Paul

  7. #6
    Quote Originally Posted by s35wf View Post
    try monex as well as apmex. Last week they were out of silver, but i didnt ask about gold.

    www.monex.com


    ask if they have any silver back in stock , thanks.
    hey bro, i just talked to them, and they have lots of Canadian maple 1 oz. gold coins but in terms of silver they only have

    1000oz bars

    90% bags of junk and
    40% bags of junk
    "One of the great victories of the state, is that the word "Anarchy" terrifies people but, the word "State" does not" - Tom Woods

  8. #7
    Quote Originally Posted by Bruno

    I don't think anyone has the answer to that question. But from my understanding, numismatic coins were not confiscated in 1933, only bullion coins.

    Thanks for the insight Bruno!
    "One of the great victories of the state, is that the word "Anarchy" terrifies people but, the word "State" does not" - Tom Woods

  9. #8
    That seems a little overpriced, probably because of their numismatic value

    how many ounces of silver are those 2 rolls?

    Id shop around, you can still get gold bullion is several places
    Business Card Design Inspiration Business Cards



  10. Remove this section of ads by registering.
  11. #9
    Quote Originally Posted by bluemarkets View Post
    That seems a little overpriced, probably because of their numismatic value

    how many ounces of silver are those 2 rolls?

    Id shop around, you can still get gold bullion is several places
    yea, so many factors to consider.

    The deal seemed expensive to me since alex jones is talking like Ted Anderson is giving us such a huge deal on this stuff. They are talking like they are giving it to us for $100 cheaper than current market value but,

    When you add up the value of the gold, it's only 71/2 ounces, in the 15 coins.

    why are these coins worth more than the value of gold they contain?
    "One of the great victories of the state, is that the word "Anarchy" terrifies people but, the word "State" does not" - Tom Woods

  12. #10
    Here's a link to check out: http://bullion.nwtmint.com/
    Diversity finds unity in the message of freedom.

    Dilige et quod vis fac. ~ Saint Augustine

    Quote Originally Posted by phill4paul View Post
    Above all I think everyone needs to understand that neither the Bundys nor Finicum were militia or had prior military training. They were, first and foremost, Ranchers who had about all the shit they could take.
    Quote Originally Posted by HOLLYWOOD View Post
    If anything, this situation has proved the government is nothing but a dictatorship backed by deadly force... no different than the dictatorships in the banana republics, just more polished and cleverly propagandized.
    "I'll believe in good cops when they start turning bad cops in."

    Quote Originally Posted by tod evans View Post
    In a free society there will be bigotry, and racism, and sexism and religious disputes and, and, and.......
    I don't want to live in a cookie cutter, federally mandated society.
    Give me messy freedom every time!

  13. #11
    too much premium it seems, personally id go for just bullion, just find the cheapest gold coins, gold is gold.

    you're paying the premium because they advertise on AJ and I think take advantage of their listeners
    Business Card Design Inspiration Business Cards

  14. #12
    no if you want the deal prices you must tell them you are asking about the alex jones specials or you pay regular price the specials are for aj listeners exclusivly

    the alex specials are below spot because ted buys in bulk and he loves aj and his listeners (ted also owns genisis communications network alexs home based station that sends his signals to the other affiliates)

    listen to the latest alex jones broadcast for the current specials
    Last edited by evilfunnystuff; 10-09-2008 at 06:20 PM.
    Quote Originally Posted by acptulsa
    Liberty works best not because liberty is without responsibility, but because responsibility is part of the deal. Capitalism works best not because capitalists love us and want us to be happy, but because the more government you have, the more government they can buy, and if they have no government to buy then all they can do instead is compete--compete to serve us better.
    Quote Originally Posted by Ron Paul
    (╯°□°)╯︵ ʇɔɐ ʇoıɹʇɐd
    I heart BTC! - 1AesnP1c7wyjzJhaKZajkixo9tthZRQzjB

  15. #13
    The following post was originally posted by me at a precious metals forum:
    http://www.pmbug.com/forum/f8/midas-...anderson-1739/

    I know that many RPFers listen to the Alex Jones show and so I think it's important to inform you of a scam:

    I've heard of Midas Resources (Ted Anderson) recently through David Morgan whose silver investor newsletter I'm receiving. He just notified subscribers that he'll be on a radio show together with Ted Anderson of Midas. I didn't know who that guy is and so I briefly checked out his company Midas Resources.
    The first thing I learned was that this guy is apparently pushing his company hard on the Alex Jones show - bucket shop ( http://en.wikipedia.org/wiki/Bucket_...tock_market%29 ) / boiler room ( http://en.wikipedia.org/wiki/Boiler_room_%28business%29 ) style . He claims to offer silver coins "below spot" because he bought them "at a lower price". That is almost certainly a lie. Generally speaking: Any coindealer who wants to sell below spot "because he bought early at a (much) lower price" is basicly saying that he is NOT hedging. That is totally suicidal. Sooner or later he will be out of business. But that's not what I think Midas is doing. To the contrary, here's an example of an offer that has been pushed on the Alex Jones show:



    First of all Anderson/Midas doesn't sell bullion products, they sell collectible coins only. Midas then claims to sell two oz of silver together with an Alex Jones DVD, another DVD and one book for $72. ( http://www.midasresources.com/store/store.php ) How can that be? That would be the deal of the decade. 2 oz of silver cost $65 alone (at 32.5/oz) . But there is a problem: You don't get 2 oz, you get 1.54688 oz because the 2 coins you're purchasing are peace dollars (http://en.wikipedia.org/wiki/Peace_Dollar ) coins whose silver content is 0.77344 oz of silver per coin. This is classical false advertising.

    After discovering that I went on to research customer opinions on Midas. Unsurprisingly, Midas brokers are described as aggressive and deceptive. There are quite a few stories of people who mums/dads where tricked into buying stuff from Midas at heavily inflated prices. Where did these poor seniors get the Midas hotline number? You guessed it: at the Alex Jones show. :snidely:

    Here's a detailed examination of the offer I mentioned above:

    The photo I posted above shows a coin that was minted in 1921. I think we can agree on that. So the next question is: Which coins ("silver dollars") were minted in that year?
    According to my research there were two types of coins minted in 1921:
    http://en.wikipedia.org/wiki/Dollar_...ited_States%29

    1. The Morgan Dollar (1878–1904; 1921), looking like this:


    2. The Peace Dollar (1921–1935; 1964), looking like this:


    I think it's very clear that the coins in the Midas banner are peace dollars.

    Funny thing is that 1921 peace dollars are pretty rare, because minting really got going in 1922. 1921 peace dollars are selling for 4 times their metal value, 1922 and the following years are selling basicly at metal value:
    http://coins.about.com/library/US-co...lar-Values.htm

    That's why I think he wouldn't even sell 1921 peace dollars, but probably other years. That in itself would be false advertising.

    Besides that, it wouldn't matter in terms of metal content whether it's a 1921 Morgan Dollar or a 1921 Peace Dollar, both contain the same amount of silver:
    http://en.wikipedia.org/wiki/Morgan_Dollar
    http://en.wikipedia.org/wiki/Peace_Dollar

    --------------------

    Which brings me toanother point, is Midas really claiming to sell two oz? They don't do it on their website. I grant you that. BUT, watch the following video of Ted Anderson on the Alex Jones show on October 4th promoting the offer from above, I'm transscripting the relevant pieces for you:

    9:00, telemarketing starts.

    9:30, AJ "pitch doesn't really support the network" - lie Ted Anderson owns the GCN network.

    9:40, $72 offer promotion starts, AJ "Ted bought them when they were lower, so he can do that now"

    10:05, AJ "two silver dollars"

    10:32, AJ "[Ted], you sold out of most of the gold/silver you bought months ago..., I know that's how you pass on these savings to people"

    10:48, AJ "super radio specials"

    11:00, Ted Anderson "You can't buy 2 silver dollars for $72 anymore" Of course you can buy two peace dollars for that.

    11:08, TA "Price of silver has gone up to $35/oz, so they're not available."
    That's a clear suggestion to potential buyers that he is talking about coins that contain one oz of pure silver. That clearly false advertising.

    12:15, AJ "Ted, I know you sold thousands of them over the few weeks, two silver dollars for $72, you can't even buy those in the market, with two free films and a book, ... I feel so good promoting that

    13:00, TA "With silver soon at $40 an ounce, I'm simply not going to be able to to sell two silver dollars, give away all these other goodies, for $72 delivered when the shipping alone is $6.5 . But it does educate the people. It's a great way to get new people started with precious metals ... at $40/oz silver, I'm not going to be able to to sell two silver dollars ... I would be broke, I would be out of business."

    That's another clear suggestion to potential buyers that he is talking about coins that contain one oz of pure silver. Additionally, he specifically adresses pm newbies, because they don't know the details. That's false advertising and I think it's quite disgusting.

    15:50, AJ "800..., the brokers there are great guys, and ladies, they can answer all your questions ... you're getting the deals I get"

    And the whole piece finishes with AJ specifically talking to the target demographic, well-meaning but naive grandmas. That's really the icing on the cake.



    Anyway, to conclude my findings:
    Treat Midas with extreme caution. And don't deal with them at all if you're interested purchasing the largest amount of pure (!) metal for the lowest possible price.

    And now you can blame me for bashing Alex Jones if you want

  16. #14
    I think the point about the peace dollars is very important. They' pictured those specifically to lure in collectors who see that and think that the seller doesn't know what he has there.

  17. #15
    Quote Originally Posted by angelatc View Post
    I think the point about the peace dollars is very important. They' pictured those specifically to lure in collectors who see that and think that the seller doesn't know what he has there.
    Sucking in not only newbies but also collectors, I didn't think about that when I wrote the post. Thanks.

  18. #16
    "pitch doesn't really support the network" I think he is specifically talking about the "loss leader" not supporting the network, as he mentions immediately after making that statement.

    But I agree, I was always under the assumption they were advertising pure silver coins in those deals. I looked into buying from Midas a long time ago, and found many cheaper dealers out there.
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.



  19. Remove this section of ads by registering.
  20. #17
    I hate to think what the price tag on 1921 & 1928 Peace dollars are these days , for some reason the 1927's are hard to find.Last 1928 I saw at my local coin shop went for $375, I bought a 1927 last week for $32.Last 1921 I saw would have cost $100.

  21. #18
    I have some Peace dollars. Didn't know some were rare. Will have to check my stash.

    Thanks swissaustrian! I've heard that ad before when watch AJ videos, and figured that it was two ounces of silver.I don't have much use for the book or films, so never went through on the offer.
    Rand Paul 2016

  22. #19
    Quote Originally Posted by ronpaulfollower999 View Post
    I have some Peace dollars. Didn't know some were rare. Will have to check my stash.

    Thanks swissaustrian! I've heard that ad before when watch AJ videos, and figured that it was two ounces of silver.I don't have much use for the book or films, so never went through on the offer.
    Checked. No 1921 Peace Dollars, but did find a 1921 Morgan Dollar. Not as rare I guess.
    Rand Paul 2016

  23. #20
    Quote Originally Posted by ronpaulfollower999 View Post
    Checked. No 1921 Peace Dollars, but did find a 1921 Morgan Dollar. Not as rare I guess.
    1921 Morgans are common , last year , big mintage, only year for a D mint morgan, your Peace Dollars, are, most likely, all , 1922 & 1923. The more difficult ones , are, 1921 ,1924 S ,1925 S , 1926 , 1927 , 1927 S , 1927 D ,1928 , 1928 S ,1934 ,1934 S ,1934 D , MOST valuable, is 1928.The1925's- 1927 , though, are not easy to find. I would, like to have a 1964 D , but, they were all melted , and, none released.
    Last edited by oyarde; 11-03-2012 at 12:13 AM.



Similar Threads

  1. Replies: 21
    Last Post: 07-01-2014, 05:05 PM
  2. Replies: 36
    Last Post: 03-04-2013, 06:43 PM
  3. Replies: 3
    Last Post: 01-14-2013, 01:06 PM
  4. Buying the notion of A Service Economy is buying an empty box of goods
    By Uncle Emanuel Watkins in forum U.S. Political News
    Replies: 0
    Last Post: 01-12-2010, 11:16 AM
  5. When buying from the campaign store, buying in bulk saves
    By jrich4rpaul in forum U.S. Political News
    Replies: 1
    Last Post: 11-21-2007, 06:59 AM

Select a tag for more discussion on that topic

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •