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Looks like it may be a good day in metals!

goingbrokegoingbroke Posts: 1,410
in Precious Metals
Metal Bid Ask
Gold $957.80 $958.80 7.80
Silver $15.01 $15.06 0.43
Platinum $1,263.00 $1,273.00 27.60
Palladium $280.00 $285.00 7.65

Many successful BST transactions ajia
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins

Comments

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    image Up Up Up and away!
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • goingbrokegoingbroke Posts: 1,410
    Silver made it over $15.00! Silver $15.01 $15.06 0.43
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • carscars Posts: 1,904
    boo
    Its all relative
  • goingbrokegoingbroke Posts: 1,410
    Silver still holding above $15.00! Silver $15.01 $15.06 0.43
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • goingbrokegoingbroke Posts: 1,410
    We shall see how the 30 year "T" bond sale goes 30 years is a long time in a uncertain world I have my doubts about a stellar sale.
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    And I thought metals were headed down this week! Well, they did on Monday and early Tuesday. But since then just the opposite as expected.

    The 30 yr bond auction has already been locked up. The "buyers" are all pre-arranged and pre-approved. It will be another success story to tell to the sheeple.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • goingbrokegoingbroke Posts: 1,410
    Even that funny named metal is going up! Palladium $277.50 $282.50 5.15
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • carscars Posts: 1,904
    Premiums on palladium seem to be dropping. Apmex is not chargind $30 over for 1 oz instead of $40 few weeks ago. I've seen a few bars sell on eBay only a few bucks over spot.
    Its all relative
  • goingbrokegoingbroke Posts: 1,410
    Well, CNBC rates the 30 year "T" bond sale as a A- They said buyers were lined up to get em!
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • goingbrokegoingbroke Posts: 1,410
    After they anounced the "T" bond sales report mettals are dropping fast!
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    2 year rates dropped an amazing 10% or so down to 1.10%. They will spring back but this was pretty impressive.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • KipKip Posts: 852


    << <i>Metal Bid Ask
    Gold $957.80 $958.80 7.80
    Silver $15.01 $15.06 0.43
    Platinum $1,263.00 $1,273.00 27.60
    Palladium $280.00 $285.00 7.65 >>



    Darn it...I was hoping for lower so I could buy a few ounces image
    UCSB Electrical Engineering....... USCG and NASA
  • goingbrokegoingbroke Posts: 1,410
    I guess countries are really motivated to buy our debt!.
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • gecko109gecko109 Posts: 8,231 ✭
    Just curious, but do all you guys own like 5,000 ounces of silver and 100 ounces of gold or something? Maybe its just me, but I HATE when metals start moving up! I guess if your 60 yrs old, and have a huge stash, its good. But when you are 34 and on a "short stack", its better to see the prices swing the other way.
  • goingbrokegoingbroke Posts: 1,410
    I have 120 ounces of gold and 1500 ounces silver I wish I had more but my wife wont let me buy any more and besides, there is no more room in the SDB!
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • ttownttown Posts: 4,472 ✭✭✭


    << <i>Just curious, but do all you guys own like 5,000 ounces of silver and 100 ounces of gold or something? Maybe its just me, but I HATE when metals start moving up! I guess if your 60 yrs old, and have a huge stash, its good. But when you are 34 and on a "short stack", its better to see the prices swing the other way. >>



    I'd say buy on the dips. After all you should be averaging and not flipping or your going to get caught on the wrong side of this when it unwinds IMO. After all gold doubled in 3 weeks in 79/80 so those waiting to come in may be locked out with 20 people at each coin store like it was in the day.
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i>Just curious, but do all you guys own like 5,000 ounces of silver and 100 ounces of gold or something? Maybe its just me, but I HATE when metals start moving up! I guess if your 60 yrs old, and have a huge stash, its good. But when you are 34 and on a "short stack", its better to see the prices swing the other way. >>



    I'd say buy on the dips. After all you should be averaging and not flipping or your going to get caught on the wrong side of this when it unwinds IMO. After all gold doubled in 3 weeks in 79/80 so those waiting to come in may be locked out with 20 people at each coin store like it was in the day. >>




    You are missing my point I guess. Im an accumulator, and I plan on doing alot of "accumulating" over the next 10-15 years. So if $950 of my cash gets me an ounce of gold today, wouldnt it be great if I could get that same ounce of gold for $700 next month? I like when the prices fall. At least in this stage of the game for my personal situation.


    Shoe on the other foot.....

    If I was retired, and in my 60's with a big accumulation of gold, and on a fixed income....sure, let that price run up as high as it wants and i'll be cheering it on every step of the way.

    Get it now?
  • carscars Posts: 1,904
    Most stack to store wealth, adding to the stack as the months/years/decades go past & only sell when absolutely necessary.

    Why buy to sell few months later? You can't really make much if you take into account selling fees/shipping if app. Even if you were selling locally you would need to flip a nice pile to make any sort of profit after taxes.

    Spot prices rising normally means your Dollars are dropping in value so you're not really gaining anything anyhow. Bullion is a savings account, nothing more. If you want to make $$ on bullion purchase the paper stuff image
    Its all relative
  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>Just curious, but do all you guys own like 5,000 ounces of silver and 100 ounces of gold or something? Maybe its just me, but I HATE when metals start moving up! I guess if your 60 yrs old, and have a huge stash, its good. But when you are 34 and on a "short stack", its better to see the prices swing the other way. >>



    You asked for it & you got your wish ... time to load up some more?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • ttownttown Posts: 4,472 ✭✭✭
    I knew what you were saying it's just that I don't know too many retires that have gold or silver your talking like the few are the norm. The fact is you don't want to be on the wrong side of this thing on the upswing and you sure don't want to be in on the downswing so unless your collecting gold and silver coins your not going to have them 15 or 20 years from now you'd have transfer your money into the next market cycle. I sold all my bullion stuff in 79/80 which most people do.

    In fact since I wanted to get money out of my 401k without taxes (stock market) I took out four 401k loans (started 2002) to buy PM's this way I'm paying myself interest and when the loan gets paid off you've got your PM's. I've done mine in steps because if you lose your job you gotta come up with the money so my severance would have paid these loans off.

    Don't make the mistake like many have piles of 100 ounce bars sitting around waiting for the next run up several decades from now. Have a price in mind and sell bullion items or you'll be selling them and losing money in the future.

    Get it?
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i>Just curious, but do all you guys own like 5,000 ounces of silver and 100 ounces of gold or something? Maybe its just me, but I HATE when metals start moving up! I guess if your 60 yrs old, and have a huge stash, its good. But when you are 34 and on a "short stack", its better to see the prices swing the other way. >>



    You asked for it & you got your wish ... time to load up some more? >>




    Are you kidding me? Didnt you see what I bought from CaptHenway a couple weeks ago? $5,000 is a decent chunk for me, im just a lowly civil servant. I need both time to recoup from that purchase, time to recoup from some major appliances I was "forced" into buying Wednesday, and need to see more than a 2% dip before im ready to "load up"! image
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭


    << <i>Most stack to store wealth, adding to the stack as the months/years/decades go past & only sell when absolutely necessary.

    Why buy to sell few months later? You can't really make much if you take into account selling fees/shipping if app. Even if you were selling locally you would need to flip a nice pile to make any sort of profit after taxes.

    Spot prices rising normally means your Dollars are dropping in value so you're not really gaining anything anyhow. Bullion is a savings account, nothing more. If you want to make $$ on bullion purchase the paper stuff image >>



    Nicely put.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • KareemofwheatKareemofwheat Posts: 200
    My local guy has silver @$1 over spot and a good quantity...I may be tempted today....then again I think gold will do better for an old guy like me (69) just trying to have a little survival chance :-) but who knows...................I am still undecided. I am just a little fish with only $2000 to spend right now.
    Regards
    Kareem
  • KipKip Posts: 852


    << <i>My local guy has silver @$1 over spot and a good quantity...I may be tempted today....then again I think gold will do better for an old guy like me (69) just trying to have a little survival chance :-) but who knows...................I am still undecided. I am just a little fish with only $2000 to spend right now.
    Regards
    Kareem >>



    I hope it falls back also :-)
    Kip
    UCSB Electrical Engineering....... USCG and NASA
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Just curious, but do all you guys own like 5,000 ounces of silver and 100 ounces of gold or something? Maybe its just me, but I HATE when metals start moving up! I guess if your 60 yrs old, and have a huge stash, its good. But when you are 34 and on a "short stack", its better to see the prices swing the other way.

    If this bull run drys up in a few years you may not see another one for 20-25 years. And if you are holding pat the entire time, your nest egg could easily be decimated. Take advantage of this opportunity while it is here as you may not get a 2nd chance until you yourself are one of those 55-60 yr olds.

    roadrunner

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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