Buy Gold Co. Brent Lichtman Ariel Online (buygoldco.com), of Sahuarita Arizona USA & Copyright Theft
Perhaps we should be flattered by the number of people including dealers who continually infringe our IP (Intellectual Property) rights by using our copyright images, but we do not find it amusing, and will take legal action against any copyright thieves.
Buy Gold Co. Brent Lichtman Ariel Online (buygoldco.com), of Sahuarita Arizona USA & Copyright Theft
Buy Gold Co. Brent Lichtman Ariel Online (buygoldco.com), of Sahuarita, Arizona, USA, are just one of the many coin & bullion dealers or other website owners worldwide who commit copyright theft by using our copyright images without our permission.
At least two of the pages of their website use our high quality copyright gold coin photographs without our permission.
Their index or home page uses one of our coin photos.
Their "Gold Slips On Greece?" page uses our obverse photo of an 1884 Greek 20 drachmas.
Copyright Theft is Dishonest - Can You Trust This Dealer?
Using other people's copyright images is illegal, it is dishonest, and it is unethical. Using the hard work of a fellow dealer to sell the same goods in competition with him demonstrates an extremely low standard of ethics. We would not recommend anybody to transact business with this person or company.
Who would have thought such an honest reputable
company would resort to stealing images from their competitors?
There is a copyright notice at the bottom of every page on Buy Gold Co.'s website, so they can't claim innocent infringement or ignorance. Copyright infringement is theft.
About Us Page
The web is full of brokers, gold dealers and subscription services that offer “expert” advice on gold and gold stocks. That is not us. This site is written by a gold bug who has traded his personal account for over twenty years. I have made and lost money trading gold stocks. I have never traded anyones money but my own. Sometimes I have lost money because personal financial needs have forced me to sell stocks when I knew they would be worth a lot more if only I had the time to wait for them to rise. I am, in a word, a small trader with no affiliation to any broker, gold company or any other entity that would earn me money from the sale of my insights on the gold market. I like real money and the oportunity to profit in a market that, in my opinion, is on the verge of a major rise in valuation. I share my thoughts on the market because I feel that the major players squeeze and abuse the “average” trader. Those days will soon come to an end, and anyone who has the desire and the basic knowledge of the gold market stands to make a handsome sum. My opinions are my own and you can do with them what you wish. I hope they will give you some insight into what the gold market is doing. Happy trading!
Gold Slips On Greece? Page
Buy Gold Co.
Why I'm Investing in Gold and You Should Buy Gold Too!
February 14, 2010 by: goldbug
Gold slips on Greece may not be the truth behind the story, but it does make a good headline. The Greek meltdown will have long range implications for the world’s financial markets, but gold slips on Greece will be a footnote to the larger story.
Gold Slips On Greece?
The old adage is “buy the rumor and sell the news”. This week it looks like gold has reversed that for the time being. Everywhere that you look there is another story about how gold is dropping due to the socialist boondoggle that is the Greek financial situation. Before we look at the chart for gold this week, take a quick look at this example from Reuters.
Gold drops as Greek woes take their toll
February 13, 2010 Reuters
Gold dropped Friday on a US dollar rally as worries for debt-stricken Greece and a surprise move by China to tighten money supply took a toll on sentiment.
For the week, the precious metal was 2 per cent higher, partially recovering from a two-day sell-off late last week driven by technical weakness and heightened fiscal fears for some European countries.
James Steel, chief commodities analyst at HSBC in New York, said gold held up relatively well against strong headwinds, and that the metal was poised to rise above $US1100 an ounce next week.
“The gold market has been hit by some very negative news -- the Chinese monetary tightening and further unwinding of the carry trade related to uncertainty over Greece,” Steel said.
Spot gold was at $US1092.10 an ounce in late New York trade, against $US1095.85 late in New York on Thursday.
US gold futures for April delivery on the COMEX division of the New York Mercantile Exchange settled $US4.70 down at $US1090 an ounce.
China raised the level of reserves banks must hold for the second time this year, spooking global financial markets because of suggestions it may be reigning in demand.
Michael Widmer, an analyst at Bank of America-Merrill Lynch in London, said gold was coming under pressure as the US dollar appreciated broadly in reaction to the China news.
“We always see that when the markets sell off on the back of a macro event, gold sells off along with those,” he said.
The euro fell sharply against the US dollar on Friday as questions persisted about a rescue deal for Greece.
Strength in the US unit curbs gold’s appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.
That was one example of the rumors, now lets look at the weekly chart for gold and see what really occurred.
Rumors Abound For Greece and Gold Moves Up For The Week
Maybe Reuters was looking at the gold chart upside down. That can happen! If this is what gold looks like when it is falling, I hope it falls every week. Seriously, this Greek story has been in the news for way too long under the wrong headlines. The headline should be “Greece Proves That Socialism Is A Total Failure!”
There is no doubt that big government and union control are the harbingers of financial and social ruin. How many times will we have to see this before the people wake up and pare back the size of government and its unfunded mandates? Greece is a prime example of government run amok and now the rumors abound that it could bring down the EU.
My Big Fat Greek Problem!
Greece is too big to fail! Does this sound familiar? It should because it is a microcosm of the U.S. Government’s approach to the financial debacle of 2008. When you are a crack addict, is the solution to your addiction more crack? I think not.
The EU leaders met and mulled the problem of Greece but no immediate solutions popped to the fore. Jochen Felsenheimer, a credit expert at Assenagon in Frankfurt said of the meeting, “They offered nothing, it was just words without any concrete measures, hoping to buy time.”
The key point that has to be resolved is how will Greece meet its treaty obligations and cut its budget deficit from 12.7% to 8.7% this year during and economic downturn? A sub heading to that question is, can they do it before before mid-year when Credit Suisse says they must or face default?
This appears to be a no win situation as Felsenheimer said, “A Greek bail-out increases the risk of EMU break-up, because monetary union can only work if everybody sticks to the rules.” No bail out and Greece goes under and with a bailout the EU might go under. Catch 22!
Merkel Lays Out The Reality of The Situation
German Chancellor Angela Merkel said this week, “There are rules, and these rules need to be adhered to.”
These simple words are the key to the entire situation! Greece broke the rules and so it has to pay the price. If it doesn’t, it will follow the path of the U.S. banks, which never payed the price for their mistakes and transferred the pain to the U.S. Taxpayer and ultimately to the U.S. dollar. The Euro will suffer the same fate as the dollar if the EU steps in and floats the Greek debt on the Euro’s back.
Bloomberg lays out the case for a financial domino effect that puts the dollar’s safe haven role in question.
Fiat Currency Implosion In The Cards?
Fiat currencies at best are a Ponzi scheme, at their worst, they are the means for dictatorial confiscation of individual liberties under the guise of promoting the “common good”. The gold standard will come to the world after this latest financial crisis comes to an end. The only thing in doubt at this point is what will be left of our freedoms when the new system is put in place.
China is sitting on between $2 trillion and $3 trillion in excess reserves, depending on what source you go to. Do you really think that they are going to let that go in a fiat currency collapse? I think not!
There are three facts that play into how China will handle the coming fiat currency Armageddon:
Number One
China has the largest “long dollar” position in the world and they are not going to see it
evaporate when the dollar rolls over under the weight of reality!
Number Two
China wants to more gold in its coffers than it currently holds.
Number Three
It is always better to buy when prices are lower and China has the ability to
manipulate the market due to the size of its dollar position.
For China to replace the U.S. as the next super power they have to have the foresight to avoid the fiat currency collapse that is coming. They have it and they will avoid it by acquiring more gold with which to underpin the Renminbi and insulate themselves from the financial chaos that will be the end of the fiat currency crisis that is approaching.
China will step in and buy gold when the price is right. The only question is, at what price will they buy? Gold is currently trading in a range that roughly runs between $1,025 and $1,100. There is solid support at $1,000 and resistance at $1,100. The longer gold consolidates here, the stronger the run up will be when it breaks out.
When it is announced that China has made a purchase, it will send gold up dramatically because the gold market is relatively small and much of the gold out there is privately held by investors who are not willing to give it up. I can’t predict at what price they will buy, but buy they will, so it is imperative that you not be spooked out of your positions for any reason.
We are seeing a flood of doom and gloom articles predicting the end of the gold bull, which usually signals that gold is going to start its next run up! Now is not the time to get cold feet, but rather, now is the time to add to both your physical gold and your gold stock positions.
As gold slips on Greece we just may be afforded the buying opportunity of a lifetime.
Till next time, good luck and good trading!
Jochen Felsenheimer, a credit expert at Assenagon in Frankfurt
Also Noteworthy:
Gold Resiliencey
Barbarians At The Gate!
World Events and Gold
Where Is Gold Going?
Gold as Currency
Filed under: Buy Gold, Gold And Uncetainty, Gold Pedictions, Gold and Inflation, Gold and the "Stimulus" Package, Gold and the Global Economy, Political Opinion, Politics and Gold, The Economy
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This has been a very long and sad week for me. My trusted companion of 14 & 1/2 years, Burley passed away this past Monday morning. There are things in this world that are way more important than politics and gold. Burley was one of them and she will be sincerely missed.
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The Case For a Barter Economy
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This has been an event filled week that will culminate with the vote on Sunday that will determine whether we are a government of the people, by the people and for the people or a government that has been felled by a revolution (or as the “progressives” have rephrased it, evolution) from within, that brings [...]
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This is going to be a quick report today because my dance card has been full this weekend. My apologies, but sometimes that’s the way it goes.
Gold had a really good week despite the dollars strong [...]
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The politics of gold and silver are changing and, in the long run, the odds favor silver for a greater percentage gain. Time is running out and things are changing rapidly that will affect your ability to survive the economic train wreck that is approaching. The politics of gold and silver are tilting towards silver.
Where [...]
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Is Soros Trying To Break The Buck?
Is Soros trying to break the buck? As usual, we won’t learn all of the story until after the fact, but all signs are pointing in that direction. The duck is quacking as I look into the question, is Soros trying to break the buck?
The 30 year Treasury auction is in trouble!
Last week the U.S. [...]
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Gold Slips On Greece?
Gold slips on Greece may not be the truth behind the story, but it does make a good headline. The Greek meltdown will have long range implications for the world’s financial markets, but gold slips on Greece will be a footnote to the larger story.
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Domain Search
Registrant:
Ariel Online
426 E Calle De Ocaso
Sahuarita, Arizona 85629
United States
Domain Name: BUYGOLDCO.COM
Created on: 21-Oct-08
Expires on: 21-Oct-10
Last Updated on: 22-Oct-09
Administrative Contact:
Pryor, Ariel ariel@reallybadcreditoffers.com
Ariel Online
426 E Calle De Ocaso
Sahuarita, Arizona 85629
United States
5798745 Fax --
Technical Contact:
Pryor, Ariel
Ariel Online
426 E Calle De Ocaso
Sahuarita, Arizona 85629
United States
5798745 Fax --
Domain servers in listed order:
NS1.STABLETRANSIT.COM
NS2.STABLETRANSIT.COM
"Ariel Online" owns about 52 other domains
What's Wrong?
It is dishonest and unethical to pirate and steal other people's work by using high quality copyright photographs without the owner's consent. To do so in competition with them is doubly devious. We can partially understand why they do it; it is quick and easy (but then so is robbing people).
In this case Buy Gold Co. could not be bothered to take the time and trouble of photographing any gold coins for themselves, or paying a professional photographer to do it for them, so decided it was quicker and easier to steal ours instead. They probably also thought we would not notice.
For these reasons, we conclude that Buy Gold Co. are dishonest and unethical, and we recommend anybody to avoid doing business with them. If they will cheat us by stealing our photographs, what would they do to you for your gold coins, your prcious metal or your money?
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Obverse of 1884 Greek 20 Drachmas
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