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Is this the "sign" that the bull run is ending?

MoneyLAMoneyLA Posts: 1,825 ✭
in Precious Metals
I got a chuckle over this earler today:

My friend who got into the home remodeling business two years ago (when the business went to hell) called me and said he wants to open a store to buy and sell gold and silver.

Is this the sign that the bull run is ending?
Cheers, Alan Mendelson
www.AlanBestBuys.com
www.VegasBestBuys.com

Comments

  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Does he give credit to the unemployed who are up to their eyeballs in debt?

    "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

  • storm888storm888 Posts: 11,701 ✭✭✭

    The regs in many cities/towns are now really tough on new buying outlets.

    The govts wanna protect the existing buyers; many such buyers are pals
    and relatives of the pols that make the regs.

    30-day holding periods for new buyers kinda takes the joy out of the plan.


    ......................

    The bull is not EVEN tired, yet.




    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • stevekstevek Posts: 28,966 ✭✭✭✭✭


    << <i>I got a chuckle over this earler today:

    My friend who got into the home remodeling business two years ago (when the business went to hell) called me and said he wants to open a store to buy and sell gold and silver.

    Is this the sign that the bull run is ending? >>



    The answer would be found if he really does it or not.

    I hate to say it, but if he goes thru with the idea...the answer to your question could very well be "Yes"...IE: when the public wants to get into it like that, it usually does signal the end.
  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    I've seen homes for sale in my area for years.
    Some over 4 years.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i>
    Is this the sign that the bull run is ending? >>




    NO
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    It's a sign that it is just really begining.

    "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

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>I got a chuckle over this earler today:

    My friend who got into the home remodeling business two years ago (when the business went to hell) called me and said he wants to open a store to buy and sell gold and silver.

    Is this the sign that the bull run is ending? >>




    No. My first cousin brought up this idea to me about 2 yrs ago. And the bull market didn't end then did it?

    He thought he could make some easy money by offering more than the $Cash4Gold scams (ie 75% of spot) and then flipping it to other wholesalers or refiners for 90-100%+.
    In this regard he thought he was doing the public a great service so they wouldn't get ripped by the scammers. I suggested his business plan was probably flawed since
    most of his buying was going to be at "gold parties" while at someone's home. But I told him good luck with his "plan." As far as I know he never bothered.

    Your friend doesn't need a store. All he needs to pay more than the B&M's and Pawns and get his name out there by taking a table at local shows and doing a little advertising.
    A friend of mine does the same thing and handles around $50K per week just running around beating out the local shops. He works on buying at 94% and selling at 98%. The
    B&M's can't touch him as his overhead is minimal, just insurance and the cost of driving around. It's a better business plan than the 25% markup via gold parties at your friend's
    homes. But they won't be your friends anymore when they find out you chiseled them.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i> when the public wants to get into it like that, it usually does signal the end. >>



    The public is selling their gold at these prices to pay off debts, and to buy that new ipad. +80% of Americans are sellers, not buyers.

  • calleochocalleocho Posts: 1,569 ✭✭
    I know a few people that say that gold is a great investment etc ...but they never actually buy any of it.

    There is more interest in gold as of late but only relative new buying ...I expect once crosses 2000 an ounce they might go for it...thats how it usually works.

    I think we are in gold right now about where we were in 2004 in the housing bubble.

    That said ...there were quite a few new faces at my local coin show today.

    "Women should be obscene and not heard. "
    Groucho Marx
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>It's a sign that it is just really begining. >>



    Or go parabolic.
  • ProofCollectionProofCollection Posts: 6,115 ✭✭✭✭✭


    << <i>It's a sign that it is just really begining. >>


    I agree!
  • pmcollectourpmcollectour Posts: 1,211 ✭
    Gold seen headed for its biggest annual gain in 32 years.

    Bloomberg
  • wpr102wpr102 Posts: 37
    That saying is overused about the nieghbor. One broad saying cannot just be applied like that.

    The fundamentals for the metals still seem pretty strong considering the monetary systems in Europe and the US get worse every day.

    Just because something it is a 52-week high doesn't mean it's overvalued.
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