@bidask said:
Cash is king...not gold...not silver....not numismatic coins, ....not bitcoin....not stocks...not bonds, not commodities, not real estate.
There is a reason they say CASH IS KING1
Looks like toilet paper, Lysol, butter, and beans is king up in my neck of the woods. When the city chickens come begging I have no plans to accept cash.
@bidask said:
Cash is king...not gold...not silver....not numismatic coins, ....not bitcoin....not stocks...not bonds, not commodities, not real estate.
There is a reason they say CASH IS KING1
And it's no good til it's spent. Aye, there's the rub.
Cash is king...not gold...not silver....not numismatic coins, ....not bitcoin....not stocks...not bonds, not commodities, not real estate.
when I worked at the shop I was always amused by the "hard-core guys" would come and buy Silver like it was the salvation that would see them through the apocalypse. I would remind them that guns are a little more important as well as a good stock of dried goods and canned goods. I will tell you this, the bad guys won't be knockin' on your door to take your Gold, Silver, Platinum, Bitcoin or Stocks and Bonds. they will want your food, gasoline and women --- probably not in that order, either.
Gold and Silver might make you feel good but it won't help you.
I sure can't predict where we will be in a month or so. I just try to keep the vehicle between the ditches each day as it comes (but certainly try to plan/predict somewhat enough to cover as many eventualities as reasonable).
No answer is completely wrong or right. Different assets make people feel safe whether its cash, stocks, bonds, metals, guns, food, shelter, etc. You have to decide for your situation in life.
"May the silver waves that bear you heavenward be filled with love’s whisperings"
"A dog breaks your heart only one time and that is when they pass on". Unknown
I have already stacked my silver Britannia, Panda, and AE at $19 and $21 many years ago. I am waiting for Palladium to drop to $1400 due to low demand from Automobile manufacturers so I can acquire my 2019-W Palladium in PCGS-69 or 70. I lost 65% of my gain (cumulated gain since 2016) in the stock market in just 3 weeks but I am going to double down soon ...
The whole point of preparation is not having to panic right in the middle of a crisis. Even better to profit a little later by buying good stuff cheap when the sheep are stampeding. Best to step out 8f the herd, hush up about it though and wait out the storm
@bidask said:
Cash is king...not gold...not silver....not numismatic coins, ....not bitcoin....not stocks...not bonds, not commodities, not real estate.
There is a reason they say CASH IS KING1
And it's no good til it's spent. Aye, there's the rub.
@bidask said:
Cash is king...not gold...not silver....not numismatic coins, ....not bitcoin....not stocks...not bonds, not commodities, not real estate.
There is a reason they say CASH IS KING1
This this this
m
Oh and this
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@bidask said:
Cash is king...not gold...not silver....not numismatic coins, ....not bitcoin....not stocks...not bonds, not commodities, not real estate.
@bidask said:
Cash is king...not gold...not silver....not numismatic coins, ....not bitcoin....not stocks...not bonds, not commodities, not real estate.
There is a reason they say CASH IS KING1
This this this
m
Oh and this
what happens if there is hyper-inflation?
I wouldn't assume gold would save you in that environment.
Everyone keeps calling for inflation. Have you noticed Japan? The environment is deflationary not inflationary.
@bidask said:
Cash is king...not gold...not silver....not numismatic coins, ....not bitcoin....not stocks...not bonds, not commodities, not real estate.
There is a reason they say CASH IS KING1
This this this
m
Oh and this
what happens if there is hyper-inflation?
Very valid question
I suspect that is the least of our worries for now. There is time for that I suppose. When bubbles burst you will generally see more deflationary shrapnel . At the end of the day everyone has to do what they feel is best for them including sleeping weight
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Silver currently showing at $12.68................................un-freakin'-believable!!!!! I am not a metals guy but I'm tempted to buy. is anyone still selling???
@keets said:
Silver currently showing at $12.68................................un-freakin'-believable!!!!! I am not a metals guy but I'm tempted to buy. is anyone still selling???
If you are talking about physical silver, the answer is yes but not at these prices.
Worry is the interest you pay on a debt you may not owe.
It's not like the shale producers cannot be replaced.
Somebody will just buy up all the bankrupt companies, their leases, and their wells and keep pumping and keep drilling at an even lower break even point.
Doesn't Oil have to be $65 a barrel before Frackers can make any profit?
at this price I would buy 500-1,000ozt. for the normal premium but not for spot +$3 or higher and I'm not even a metals guy. it might be time to be. also, I passed the local gas station and unleaded is at $1.589!!!
@jmlanzaf said:
Silver has been trying to go down for a couple months now.
This is a perfect illustration of what I've said before about gold/silver not serving as disaster insurance as they once did. A similar thing happened in 2008/2009 although in 2010 and 2011 metals moved up. When the proverbial trouble hits, gold/silver tend to sell-off just like every other asset class.
I have to agree to a point. From others that I have talked to Folding Money, Fives Ten's and Twenties are the preferred choice right now, some are not trusting today's digital currency.
On BS&T Now: Nothing. Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up! Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
The longer dealers sit on silver in a declining market the longer the road back. Long as they have the time to wait for the rebound and do not need any funds from silver sales, they should be okay.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
You were in the biz so realistically how many think that they're going to get something in tight supply for fire sale prices?
I have seen drops before but haven't been through one where it went down $2 from Friday close till Monday morning, in prior times when it is going down the dealers tend to buy to keep up with the selling end so the premium has stayed the same. not so now.
I stopped in to see a friend on the way home and the premium is more than I'm willing to pay so I passed. perhaps the biggest thing is that nobody has any physical Silver.
@keets said: You were in the biz so realistically how many think that they're going to get something in tight supply for fire sale prices?
I have seen drops before but haven't been through one where it went down $2 from Friday close till Monday morning, in prior times when it is going down the dealers tend to buy to keep up with the selling end so the premium has stayed the same. not so now.
I stopped in to see a friend on the way home and the premium is more than I'm willing to pay so I passed. perhaps the biggest thing is that nobody has any physical Silver.
The PM market opens Sunday at 5 pm CST. Usually gets more active when the U S stock market opens. I lucked into a short term sale Friday for some ASEs. Got em all sold when they get here.
What you're willing to pay depends upon how badly you want it. Good luck getting anything at any price with no supply. The ones with silver to sell have jacked prices way up either to discourage buyers or make a killing for those who do buy.
my only hope, unrealistic as it may be, is that price holds low while supply increases and the spread eases. as it is now, that would be about 3-4 weeks and I can't see that happening although it might. I typically don't play in the PM market but $12/ozt. seems real low to me so my reasoning is to get in and wait for the few months for the price to start back up.
If you can’t buy physical and you think it’s going up then SLV is your friend. Easy peasy. You’ll get the same percentage up or down swing. It’s not as sexy as stacking but it sure is easier to buy and sell with no premiums to navigate.
mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@jmski52 said:
There's the physical market and there's the paper market.
One of them is manipulated.
Guess which one.
Is this a trick question?
mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Comments
Looks like toilet paper, Lysol, butter, and beans is king up in my neck of the woods. When the city chickens come begging I have no plans to accept cash.
The whole worlds off its rocker, buy Gold™.
And it's no good til it's spent. Aye, there's the rub.
blitzdude stole my thunder!!!!!
Cash is king...not gold...not silver....not numismatic coins, ....not bitcoin....not stocks...not bonds, not commodities, not real estate.
when I worked at the shop I was always amused by the "hard-core guys" would come and buy Silver like it was the salvation that would see them through the apocalypse. I would remind them that guns are a little more important as well as a good stock of dried goods and canned goods. I will tell you this, the bad guys won't be knockin' on your door to take your Gold, Silver, Platinum, Bitcoin or Stocks and Bonds. they will want your food, gasoline and women --- probably not in that order, either.
Gold and Silver might make you feel good but it won't help you.
will be interesting to see what you all say in about a months time???
most people don't know what they're saying now, why would that change in a month??
I sure can't predict where we will be in a month or so. I just try to keep the vehicle between the ditches each day as it comes (but certainly try to plan/predict somewhat enough to cover as many eventualities as reasonable).
No answer is completely wrong or right. Different assets make people feel safe whether its cash, stocks, bonds, metals, guns, food, shelter, etc. You have to decide for your situation in life.
"A dog breaks your heart only one time and that is when they pass on". Unknown
I have already stacked my silver Britannia, Panda, and AE at $19 and $21 many years ago. I am waiting for Palladium to drop to $1400 due to low demand from Automobile manufacturers so I can acquire my 2019-W Palladium in PCGS-69 or 70. I lost 65% of my gain (cumulated gain since 2016) in the stock market in just 3 weeks but I am going to double down soon ...
The whole point of preparation is not having to panic right in the middle of a crisis. Even better to profit a little later by buying good stuff cheap when the sheep are stampeding. Best to step out 8f the herd, hush up about it though and wait out the storm
Liberty: Parent of Science & Industry
Usually when stock market drops, gold rises. Many feel metals recently took a drop because of margin calls and people selling things to meet margins.
Course ya caint spend it if ya don't have it.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
The way things were dropping I doubt you'd have time to sell anything to meet a margin call.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
This this this
m
Oh and this
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
what happens if there is hyper-inflation?
I wouldn't assume gold would save you in that environment.
Everyone keeps calling for inflation. Have you noticed Japan? The environment is deflationary not inflationary.
Very valid question
I suspect that is the least of our worries for now. There is time for that I suppose. When bubbles burst you will generally see more deflationary shrapnel . At the end of the day everyone has to do what they feel is best for them including sleeping weight
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Metals are up overseas at this moment. No taking of my women, although there are days....
Check again
Gold is now down more than $60.
Worry is the interest you pay on a debt you may not owe.
Silver down almost $2
Silver currently showing at $12.68................................un-freakin'-believable!!!!! I am not a metals guy but I'm tempted to buy. is anyone still selling???
just checked Apmex, spot + $3??? I don't think so..............................
If you are talking about physical silver, the answer is yes but not at these prices.
Worry is the interest you pay on a debt you may not owe.
It's in a complete meltdown
Seriously though, at this price level I would love to add some to my holdings, but
apparently no one is selling physical silver at these prices.
Who is selling at these low prices? I need to stack at the 20% dip
Seems like dealers just removed inventory to reduce selling at these prices.
Ag now at $11.81 and the US markets haven't opened yet... I'd be buying, but who's selling??
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
There is no way every bullion dealer ran out of inventory while folks were sleeping.
True but they're under no obligation to sell existing inventory at a loss.
Worry is the interest you pay on a debt you may not owe.
someone for the price to be dropping, but it might be mostly paper
I totally agree but don’t put a banner on the website saying there is a several week delay due to high order volumes.
1929 around here ?
I hope not! It took 10 years and a world War to recover from that...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
Doesn't Oil have to be $65 a barrel before Frackers can make any profit?
This is likely more than your run of the mill recession.
at this price I would buy 500-1,000ozt. for the normal premium but not for spot +$3 or higher and I'm not even a metals guy. it might be time to be. also, I passed the local gas station and unleaded is at $1.589!!!
.... they will want your food, gasoline and women --- probably not in that order, either.
HA! I think you're absolutely correct that it's not gonna be in that order- but those will probably be the TOP 3 things for sure!
I have to agree to a point. From others that I have talked to Folding Money, Fives Ten's and Twenties are the preferred choice right now, some are not trusting today's digital currency.
Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up!
Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
$12 ?????
MY MY MY... waited about 12 years to see that price again.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
You were in the biz so realistically how many think that they're going to get something in tight supply for fire sale prices?
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
The longer dealers sit on silver in a declining market the longer the road back. Long as they have the time to wait for the rebound and do not need any funds from silver sales, they should be okay.
You were in the biz so realistically how many think that they're going to get something in tight supply for fire sale prices?
I have seen drops before but haven't been through one where it went down $2 from Friday close till Monday morning, in prior times when it is going down the dealers tend to buy to keep up with the selling end so the premium has stayed the same. not so now.
I stopped in to see a friend on the way home and the premium is more than I'm willing to pay so I passed. perhaps the biggest thing is that nobody has any physical Silver.
The PM market opens Sunday at 5 pm CST. Usually gets more active when the U S stock market opens. I lucked into a short term sale Friday for some ASEs. Got em all sold when they get here.
What you're willing to pay depends upon how badly you want it. Good luck getting anything at any price with no supply. The ones with silver to sell have jacked prices way up either to discourage buyers or make a killing for those who do buy.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
my only hope, unrealistic as it may be, is that price holds low while supply increases and the spread eases. as it is now, that would be about 3-4 weeks and I can't see that happening although it might. I typically don't play in the PM market but $12/ozt. seems real low to me so my reasoning is to get in and wait for the few months for the price to start back up.
$12.72 today 3/17/2020 that seems like a good bottom but what do I know.
If you can’t buy physical and you think it’s going up then SLV is your friend. Easy peasy. You’ll get the same percentage up or down swing. It’s not as sexy as stacking but it sure is easier to buy and sell with no premiums to navigate.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
With premiums "iffy" it takes some time for Comex deliveries to be made into retail products.
Same with trying to reverse the flow from buy to sell.
It takes some managing.
$100 face value of junk silver was 1,318.46 on 23 Dec when spot was 17.65.
Same thing today is $1,562.99
Supply and demand??
There's the physical market and there's the paper market.
One of them is manipulated.
Guess which one.
I knew it would happen.
No, simple price gouging.
Is this a trick question?
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......