Do you buy a lot of PM's at these prices??
ChrisRx
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Apparently a lot of people do. I don't get it.
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Groucho Marx
–John Adams, 1826
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>My limit was 700 on gold and 13 for silver. Glad i filled up the truck when i had a job. >>
Funny, that's pretty much when I stopped buying, too.
These days wont be around too much longer . Think about it this way , when you buy silver,
you are buying something that WILL , at the VERY least, hold it's value . It's a 100 % sure bet .
Another sure bet is that the U.S. dollar will continue to weaken . The dollar has lost 96 % of it's buying power over the last
100 years . This trend WILL continue. It is non-reversable . So, therefore, a new car cost more now than 10 years ago,
and will cost more 10 years from now , an oz of gold or silver cost more now than 10 years ago, but will cost a heck of a lot more
10 years from now. The metal does not even have to increase in value, all that has to happen for PMs to increase in U.S. dollars is for
the dollar to continue to decline, which it will . So, as long as the U.S. dollar hangs in there, we Will see $2,000 plus gold,
and $ 100 plus silver . Their is no way to avoid it (other than market manipulation) .
The ONLY time PMs drop is when some media bozo says the dollar "strengthened" which is something it can not physically do
anymore, or unless their is manipulation . That's it . When you have over 12 trillion in debt, (and almost 100 trillion in promisses
that are going to come up due over the next few years)and only about 800 billion in actual physical paper money exists, and your debt increases several billion per day , and your money is backed by absolutly nothing , and every money system in history that was not
back by a tangible assett (gold/silver) has failed , and , well, you get the picture .
The day is not far off that you will not be able to buy ANY physical PMs anywhere near the numbers you see today .
Your plan should always be buy and hold . Never sell any , no matter what . Stop dumping your physical back on the market
just because the price went up a dollar or two.
Lewis
Hummmmmmmm...Dude, timely question.
If I were starting now I'd buy silver on the dips and average. When gold was $850 in the 80's silver was $50, the ratio is way out of balance so gold needs to drop (I doubt) or silver going to rise.
<< <i>I usually spend the same dollar amount ...sometimes i get more metal, sometimes less. >>
Ditto.
<< <i>The real question is how much longer before a VAT tax is placed on PM's like most of the world. There's money to be made by good old Uncle Sam he wouldn't want you to make much of a profit and like you to stay in dollars.
If I were starting now I'd buy silver on the dips and average. When gold was $850 in the 80's silver was $50, the ratio is way out of balance so gold needs to drop (I doubt) or silver going to rise. >>
I don't see it happening here.
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<< <i>
<< <i>The real question is how much longer before a VAT tax is placed on PM's like most of the world. There's money to be made by good old Uncle Sam he wouldn't want you to make much of a profit and like you to stay in dollars.
If I were starting now I'd buy silver on the dips and average. When gold was $850 in the 80's silver was $50, the ratio is way out of balance so gold needs to drop (I doubt) or silver going to rise. >>
I don't see it happening here. >>
There already discussing it:
VAT attack! More on Obama, Pelosi and the value-added tax
If you don't get it by now, you should probably keep buying stocks and/or T-bills instead of pms. You'll still have alot of company on CNBC.
Silver could drop to $8.00/oz. Yes, that's true - and it could also go to $35.00/oz. - and stay there - quite easily.
Somebody needs to buy US Debt in order to keep the economy from cratering. If you don't think pms make any sense, go for it.
I knew it would happen.
as the dollar has no where to go but down in my opinion
I read that gold has gone done 5% in last 6 months in terms of AUS $
If you have some extra cash to invest for the future and don't need it any time soon, IMHO you should put some percentage into PM.
If you regularly invest for the long-term, IMHO you should put some into PM on a regular basis regardless of the price and shouldn't be worried about fluctuations.
IMHO, it makes sense to diversify and if you are truly investing long-term PM are a no-brainer. Do you really think you'll be able to buy silver at $18/oz. in 30 years? Heck, had lunch with wife and 2 kids at sandwich shop and it was $32!! Just wait!
At some point, investing is not only about return but safety too. Its nice to know I can take a little piece of metal down to my local coin shop and get cash if I need it.
Randy
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
Bulliondirect.com still has some 100oz engelhards at 1820 or so
Since August 2009 I have focused on silver. I should have bought aggessively when silver was under $15 as late as early September. Instead I was loading up on gold. I think silver still has a long way to go. That is why I am adding to my silver stack as much as I can while I can. Ebay Bucks and Big Crumbs allow me to shave off a much appreciated 60 cents an ounce.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
I really can't see getting into an equity position in stocks. Ostensibly, it's ownership of a company, but in reality - stocks are just two more layers of special interests (corporate management and stock brokerages) between me and my money.
In this volatile environment, I want to keep it close to the vest. Does anyone here have any better ideas that offer some chance of appreciation without a huge risk? I'd like to hear them, and the reasons as well.
I knew it would happen.
--Severian the Lame
<< <i>I have a very hard time buying at these prices. Give me a chance to get acclimated. If prices stay this high for many months, then I'll be back in the swing. >>
So there is SOME sanity here. I just don't understand why people wait until gold goes over $1000 to buy lots of it. For those saying it is still a good buy then how come even more people are buying it now? Was it not a good buy before? I understand your arguments on why you would buy gold I think its great to add to a portfolio but I would not dish out large sums of $ to buy loads of it just because it went over 1k.
<< <i>
<< <i>I usually spend the same dollar amount ...sometimes i get more metal, sometimes less. >>
Ditto. >>
Add my ditto.
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<< <i>
<< <i>I have a very hard time buying at these prices. Give me a chance to get acclimated. If prices stay this high for many months, then I'll be back in the swing. >>
So there is SOME sanity here. I just don't understand why people wait until gold goes over $1000 to buy lots of it. For those saying it is still a good buy then how come even more people are buying it now? Was it not a good buy before? I understand your arguments on why you would buy gold I think its great to add to a portfolio but I would not dish out large sums of $ to buy loads of it just because it went over 1k. >>
While very bullish on precious metals (especially Silver) I also have a hard time buying at these levels as I've seen JP Morgan chase continually pile on the shorts before when it was running which eventually killed the rally.
It definitley was easy to see how undervalued it was 10 years ago when I really started buying 90% and .999 bullion but even last spring when Silver got down to $10-11 I was eagerly buying what I could afford. Now even though I think Silver will eventually take out it's old high of $51 and possibly the inflation adjusted high of $135 I can't forget how the shorts drove the price down after each run to the upside creating a better buying opportunity.
The one exception to the rule would be if a rare or unusual Silver bar were available for close to melt, in this case the downside would be limited by the collector value.
worked for me anyway. And the dealer too. In todays market, I figured it was a gift.
How often can you hope for that?
Usually in reverse.
Miles