I think it's time to buy.......
DoubleEagle59
Posts: 8,307 ✭✭✭✭✭
That's all I'm saying
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
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In God We Trust.... all others pay in Gold and Silver!
paid $11 for first 200 silver dollars and 100 more @$16
paid $405 for my 20 maples.
Since that time I have added MS66-67 comms but very little PMs
Regards
Kip
Anyone know who makes em?
30,000 drones to protect you
Cautiously waiting.
Ah, what do I know, in 2008 I predicted $8,000 gold in 2012.
It's a good thing I have a day job.
I knew it would happen.
I'm lowering my target dramatically and saying "destination unknown."
We're in for another gut buster is my feeling.
The bad thing is the talking heads on CNBC won't dare say "US is in the same line as Greece" in the PMs defense until after it's totally obvious to everyone else.
I knew it would happen.
Kip, I wish I was in your boat. I'd hold it for a long time.
It just crept up a hair. What if it started back now and you missed the buy?
Bingo! Dollar higher + Euro lower = pain for metals
I think it's time to buy.......
ok, (not being mean when I say) convince me why.
<< <i> I think we will see teens again, and soon. >>
teens?
that high?
<< <i>The bad thing is the talking heads on CNBC won't dare say "US is in the same line as Greece" in the PMs defense until after it's totally obvious to everyone else
Bingo! Dollar higher + Euro lower = pain for metals
I think it's time to buy.......
ok, (not being mean when I say) convince me why. >>
Honestly, because I'm still looking at a 2 to 5 year time horizon.
No one will care if they buy at $27, $24 or even $20 when the price hits north of $50.
Has the 'big picture' really changed??
Or put another way, has the world market structure permanently changed from the time silver went from $25 to $50?
I think not.
We're just in one of those 'sell everything' and 'buy the safe US dollar' modes. (HaHaHa)
For me folks, I'll stick with PM's.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
"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 like to make purchases from individuals via word of mouth advertising (estate sales, flea mkt advertising etc.)
Yesterday I made a small purchase of a 1/10 oz gold for $150, and some silver at 16X face. The dollars I paid $22 for, and $25 for the ounces. (The AGE has been harshly cleaned but is right)
The buyer was happy, and I was a little nervous....but then I looked on ebay and see that the prices realized don't seem to take in to account for the recent drop.
I don't think you can go wrong picking up what you can these days.
<< <i>This gives me a little comfort and indicates now is probably a good time to start buying:
reminds me of a dot.com chart.
I'd feel better if people were talking about the US$ fate as they talked about Greece.
I guess the good thing is that the PM markets are played more by the big money than the little money. Some institution or two with some sense will eventually come in and buy the dollar's fall.
I think not.
I disagree. Falling Euro was not in play nearly as much during the timeframe you suggest.
This is only the beginning of the Euro to fall considerably more due to more Greece pain, Spain, Italy and could even go as far to say that Germany are in trouble.
The further the Euro falls due to these factors the Dollar will rise. The Metals don't always fall when the Dollar rises, but it sure seems to be the trend as of late. Never fight the trend, acknowledge it and figure out how it can be profitable for you.
I understand your "horizon" outlook and that may work for you, but not all of us can tie up good $ and in effect make it dead $ for 5 years. jmho
<< <i>
Or put another way, has the world market structure permanently changed from the time silver went from $25 to $50?
I think not. >>
the europeans were buying like crazy back then, too.
I don't hear about them preparing their SHTF bunkers (figuratively speaking) anymore.
type2,CCHunter.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
and
should it strengthen the eurozone and euro instead of wrecking it,
then the euro may slowly transform into the alternate to the US$.
Had a chat with one of the better local dealers around here who is convinced this is the silver bubble popping. Pointed out that the paper silver speculators made it move up too fast, and are now even more quickly lowering it back to previous levels. He showed me on paper how the contract speculators do things and it made some sense to me.
On the other hand, I am getting a boatload of emails from people (both past customers and new ones) wanting to buy real physical silver, so that seems pretty bullish IMO.
<< <i>metals are simply suffering at the dollars strength just as they did in the last (08) crisis as the flight to safety moves to the dollar. A simple look at metals' significant rise once the dollar's fundamentals were better understood in 2009 is the telling story. The dollar has a less promising future now than it did in 2009. Look for new highs in the metals once this is fully understood. Upcoming QE3 announcement will light the fuse. Buy before then. >>
That's exactly my point that really nothing has changed.
And everyone's so caught up in the Euro's crashing and the US$ will appreciate.
Give me a break!
The US dollar is just as bad, if not worse than the Euro.
Remember..... the US$ = an I.O.U
The Euro $ = an I.O 'Who'.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I seriously doubt that any PM positions put in place now will have to wait 5 years before paying off. While the US still has the reserve currency of world trade, that position is being eroded and the impact of alternative payment arrangements between oil producers and China or India will be to drive up costs in the US as those extant petrodollars find their way back home.
The demographics of social security and medicare are other factors that will continue to put pressure on the dollar. The real estate finance bubble and delinquent student loans will continue to put a drag on the bond markets, such that the only way to keep the debt servicing costs from becoming one huge mushroom cloud is to inflate the currency. (The other way is for the economy to "grow it's way out of debt", and that ain't gonna happen until major changes are enacted legally and enforced throughout the system. That's not happening any time soon.)
Whether inflation is hidden in the details or manifested outright, it's still inflation. While the money being created by the Fed to buy Treasuries is only sitting stagnant in electronic bank balances of the big banks, it's still being created in order to keep interest rates low.
When the rate of inflation exceeds interest rates on T-Bills (i.e. - the difference is the "real interest rate"), the effect is very positive for precious metals. It simply means that money isn't seeking placement in T-Bills on it's own and that there is no return in putting money to work, commensurate with the risks. It also means that money put into low-yielding financial instruments will automatically degrade in purchasing power, exactly the opposite of what gold and silver will be doing under those same conditions. In spite of CNBC spin, more individuals are figuring out what's in their own best interests, and it's not gambling with their retirement money on Wall Street.
As DoubleEagle said, nothing has changed.
I knew it would happen.
I dream of buying $15 silver again (Fat Chance!)
but I will buy heavy at < $25.
Loves me some shiny!
<< <i>I see no QE3 coming unless the US economy posts a GDP contraction. >>
If QE3 does not materialize by end of June then Omybackside is gone and I'm not sure the Bersnake is ready for that to happen.
it was bush that installed him, anyway. wouldn't that mean he'd be trying to get Obama out of office?
I've been buying everyweek for the last month or so.Small buys about 10 ozs at a time.Paying about $25 less every time.I think that it will bottom out at just over $20.If it stays where it is I'll pick up a few rolls and some 10 oz bars.Right or wrong Im accumulating at these levels.
<< <i>6k better spent on silver or gold? >>
Depends on your time horizon.
Longer term I believe silver has more upside than Gold.
But shorter term, perhaps Gold because I see the GSR increasing for awhile.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>I've been buying everyweek for the last month or so. -----------(me too. Have too, since I came in at Feb buying on the up side)
6k better spent on silver or gold? ------------------( I say 4k on silver mixed, 2k on gold on 1/4s and halfs. Some now, some next step down, etc.)
Picked up a Gold Buffalo for $1600 today. ------------(enjoy it. It was a lot more expense last month.) >>
Great Stuff!
More morning blabbering of a newbie......
When would I be buying more than now if I was willing to buy at $30 and above. I came in Feb so I have to buy now and each week as it goes down, or whats the point for me. The one thing I've learned is the best we can do is assume, but not with exactness. They said the market (dow) was great last week and all is fine, hey but that was last week. The arrows are down now...
Would seem a little odd that those PM charts kept rising for years and years to plumet totally now, as I don't really see much difference w the state of things. If it goes down some, we finally got a chance to buy in cheaper. But nobody knows the bottom! If perhaps it plumets and stays low, just as I happened to get involved, well, then its a good lesson now thats I'm not going to make it a really big part of my whole package. Anyhow, I'm only at 5-6% so I got to get busy. I just don't understand what everyone is waiting for and why not buying the spreads on the way down.
I've had expensive coasters before, these would just be nicer.... But there's something special about this stuff that will help me later - u understand, and I am so grateful for what I've been learning here. I'll learn the other parts than the phyiscal as I go.
For me "Buy low sell High" doesn't mean you have to know for sure the absolute tops and bottoms, as you can't. I think thats were most of us regular folks go wrong with trying to exactly time the markets. You'll simply miss the peaks and lows most of the time. But you can buy the general area of lows and sell at the general areas of the highs. And thats all one can be expected to do..
Meanwhile, The $ is strengthening and that makes him look good going into election. He doesn't look good to me, but the majority of people I talk with about the subject think that we're recovering...in effect, he's got them fooled just at the right time to get their vote.
Look for a continuing drawn out slow death of metals til 1/20/13, at least.
<< <i>Keeep dreaming for another QE this year...it just aint gonna happen. People are smarter now that enough info. is out there now to show how bad of a move it was to do the 2nd time. If it's done a third time before the election, that spells death for Obamas chance of winning again. It just isn't going to happen imo.
Meanwhile, The $ is strengthening and that makes him look good going into election. He doesn't look good to me, but the majority of people I talk with about the subject think that we're recovering...in effect, he's got them fooled just at the right time to get their vote.
Look for a continuing drawn out slow death of metals til 1/20/13, at least. >>
If the economy contracts and/or the EU is forced to add a large amount of Euros to the system, some sort of QE or stimulus by the Fed as well as China is very likely, imo.
<< <i>the fed res is more political than it should be, but the fed governors is more than 1 person and even that one person will not keep a president in office.
it was bush that installed him, anyway. wouldn't that mean he'd be trying to get Obama out of office? >>
obama and bush are one and the same in essence// but obama = bush on crack, same direction, just different velocities. IDK, maybe, obama is mach 20 and bush was mach 2, headed towards same cliff/abyss. We need a 180 change of direction/vector and have been needing this for quite a while.
Or my other less palatable analogy, is our economy has been needing a serious vomiting/diarrhea spell to get rid of all the toxic buildup long before the Bernank. (and paradigm shift back re; Glass-steagall, leveraging, derivatives, etc etc), instead of bubble blowing, and kicking the can down the road.
this political opinion is posted as I see nothing fundamentally has changed and we're just consolidating of AU again, and possibly a repeat of 08, but not before election.
MOO
Really I done this for the past decade so when I do sell a few losses with my big wins will take some of my tax bite out and really most of my coins are Classic or Modern coins not bullion. Did that last time in 79/80 and decided that after the big fall the collectable stuff held up much better.
My plan is a long term hold for insurance not dumping all my saving in a big chuck chasing profits and I've done fine and would be okay at $500 gold.
This may not be a turnaround quite yet, but maybe it is. It sure does emphasize the fact that you can't predict this market. Either you understand the fundamentals and live by them, or you don't.
It's simply a good idea to build a position in physical metals. You can speculate in anything, and if that's your preference it doesn't have to be in silver. Make it Facebook or Apple, or pork bellies for that matter.
I knew it would happen.
<< <i>the fed res is more political than it should be, but the fed governors is more than 1 person and even that one person will not keep a president in office. it was bush that installed him, anyway. wouldn't that mean he'd be trying to get Obama out of office? >>
National economic/financial leadership is "installed" by those that fund the winner of the election. This is why the major banks support both parties with major campaign funds.
"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 usually stack each time I go to town but figured at these prices I would add a fair amount more.
The guys at the coin shop told me that people weren't selling much lately but plenty of buying especially the day I was there, one guy bought all of their silver eagles which amounted to over $50,000.
<< <i>Keeep dreaming for another QE this year...it just aint gonna happen. People are smarter now that enough info. is out there now to show how bad of a move it was to do the 2nd time. If it's done a third time before the election, that spells death for Obamas chance of winning again. It just isn't going to happen imo.
Meanwhile, The $ is strengthening and that makes him look good going into election. He doesn't look good to me, but the majority of people I talk with about the subject think that we're recovering...in effect, he's got them fooled just at the right time to get their vote.
Look for a continuing drawn out slow death of metals til 1/20/13, at least. >>
Most voters wouldn't know a QE3 from a QE1 and most would think its a great thing because thats how the mass media will spin it. The informed voter is a small minority "fer Suure"
I agree, trying to call tops & bottoms is a complete waste of time. This is why I follow what the trend is, and that can change from week to week.
I add to my "pile' with profits made from flipping is the easiest way I can explain what I TRY to do. I haven't added much to the pile lately lol.
The only way I know fo to attempt to make some cash when the trend is down is to buy Puts. There may be other ways but I'm not an account trader, I mainly deal in physical. So being the trend is down ( c'mon, can't deny that folks) I wanted to pull the trigger so bad on a Put in SLV this morning but just couldn't do it. If Silver jumps to $30 by end of the day tomorrow though, I will pull it near end of trading day then.
That's good! Less supply translates into an increased spread when Silver goes back to $22 and buyers will be forced to pay more than Spot +$1.50 in MI, unlike how it already is around here anyway...Hi Mark
Let's get this show on the road.
Close to that at my local dealer today where I got 3 oz just for fun w some coin supplies.
Maybe tomorrow 3 tubes...
<< <i>Apmex tempting us on 1oz silver bars for $.99 over for the next 24hrs.
Close to that at my local dealer today where I got 3 oz just for fun w some coin supplies.
Maybe tomorrow 3 tubes... >>
Don't forget shipping!
I prefer cash and carry at my local B&M.