POLL Silver and Gold
Coin Finder
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Poll
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Coin Finder
Posts: 7,166 ✭✭✭✭✭
Comments
<< <i>They are always a good buy........ just need to know when to sell what you've bought!
Even a chance to sell would be nice.
I'm using the time to buy gold in my silver to gold conversion plan. If you like silver, buy it. If you like gold, buy it.
Seriously WTF would you be waiting for now. I tried today by my local was out, so maybe on line, if not tomorrow.
If you're patient and don't do a lot of trading you might want to wait until next year where $1000 and $15 lows might pop up. As always my opinion is worth 2 cents!
jmho, because it was aksed for.
"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 tend to think that Martin Armstrong is pretty good at analyzing money flows and cycles. I'm looking forward to seeing if he's right about Q3 2015.
I knew it would happen.
<< <i>at $40 silver it really didn't matter if one paid $10 or $20. But this time it's different? >>
At $20 silver does it matter if one paid $30 or $40? No time is ever different.
I also voted "I dont care", mostly because I wanted to see the results. I am encouraged by the bearishness and apathy.
Knowledge is the enemy of fear
"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>Daughter asked me just the other day "why are those squirrels burying all those acorns?" >>
So they feel lucky when one of their prognostications come true?
Text
Knowledge is the enemy of fear
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
<< <i>$10,000 in gold earning 0% or $10,000 in the bank earning 5%? >>
Where are you getting 5% guaranteed on deposit??
If you want about 5% you can buy treasury direct bonds that double on the 19th year which might be higher but the amount you can buy is limited.
CDs
<< <i>
<< <i>$10,000 in gold earning 0% or $10,000 in the bank earning 5%? >>
Where are you getting 5% guaranteed on deposit?? >>
Im not. But responding to Baleys comment about higher rates, an investor may choose to get a 5% income stream rather than invest in something that does collect interest.
Knowledge is the enemy of fear
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
When it was real high, people were going to buy at $30, then at $27, then at $25, then if it hit $21.
So even if it goes lower, why waiting? (same scenario w gold)
<< <i>PM's are not an investment. They are a means of storing and preserving wealth. PM's will always have value unlike paper assets and have a place in a balanced portfolio. >>
Spoken like a true Gold & Silver advocate. I do not subscribe to that theory in today's environment. Just another asset class, that will have it's ups and downs.
The question is, when will the pendulum swing in the opposite direction? Answer, after it hits bottom.
<Where are you getting 5% guaranteed on deposit??>
Im not. But responding to Baleys comment about higher rates, an investor may choose to get a 5% income stream rather than invest in something that does collect interest.
Let's review. If interest rates hit 5%, it's a whole new ballgame on the government's financing scheme. If they decide that inflation is acceptable and controllable, they will start allowing rates to rise. The problem in doing so is that it will cause big losses for every existing bondholder who bought all of these Treasuries and corporate bond issues at low rates for the past 5 years. Somebody's toes will get stepped on, and then we'll see who screws whom.
Which indicates to me that rates will only be allowed to rise if they can't stop it from happening. Control is everything right now.
I knew it would happen.
The historical relationship between the dollar and gold:
"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
Dollar index and oil have both performed inversely with gold since at least 2008. Last three days have shown a surge in dollar index strength (because of pressure on the euro) and a drop in PMs.
The best "heads up," leading indicator for coming changes to gold prices is the HUI Index.
Since charts are based on known data, I disagree that they can be manipulated. They can be misinterpreted. The chart shown is not open for misinterpretation.
Nothing wrong with being a contrarian, unless you are wrong.
"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 by the way, it's a forum. Where people can (hopefully) discuss their points of view, even if they happen to be complete opposite ends of the spectrum. No disrespect intended at all, it's discussion. Whether one chooses to participate in a civil manner and not be completely horse blindered is of course their choice.
<< <i>Charts can be manipualted by the parameters input into the making of it...just about like anything else. If you ask the right questions, you will eventually get the answer you're attempting to achieve.
and by the way, it's a forum. Where people can (hopefully) discuss their points of view, even if they happen to be complete opposite ends of the spectrum. No disrespect intended at all, it's discussion. Whether one chooses to participate in a civil manner and not be completely horse blindered is of course their choice. >>
The input of chart parameters only determines the view of the data, not the data. The chart is based on historical price facts that one is not allowed to control when creating a price chart. Civility has not been one of your strong suits in the past. Good to see the change of heart.
"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
Labor pricing has been suppressed by a lack of decent job growth and illegal immigration. Projects have been about average, as far as I can tell. The majority of jobs being created are not high paying career jobs, which is a problem for the tax base of many municipalities who can't print their own money. The impetus will be to raise more taxes.
Throw in "the race to the bottom" of currency devaluation into the mix (in order to remain competitive internationally), and you have an unstable system that's bandaided together with QE and/or bailout money (i.e., more new taxes in the guise of obamacare, masstransit care, publichousing care, free educationcare or support-your-local-police-state care) whenever a spring in the dike appears.
What could possibly go wrong? Who is John Galt?
I knew it would happen.
My sister bought every silver quarter I got and kept them. THere were gas wars in them days and a quarter could buy a gallon of gas.
By '73, there were lines waiting to fill up their tanks. Gas was a dollar and a silver quarter was worth enough to buy four gallons about.
By 1979, a silver quarter would buy about five gallons of gas.
Then by the early 80's after my first tour in the Army, silver took a dive from $50 ish to $5. A silver quarter would buy a gallon of gas.
By 1987, a silver quarter could get 2 gallons again. By 1997, it was still worth a couple gallons of gas.
By 2007, …. a silver quarter was enough to buy 2 gallons of gas and get change, but then CHANGE came and a silver quarter would buy 2 gallons of gas
By 2011, a silver quarter would afford a guy almost 3 gallons of gas, but then….. it started dropping again. Soon, it got so bad that something had to be done.
Here we are today and a silver quarter is enough for a gallon of gas
I voted silver would drop further, but I think a silver quarter will always afford a person a gallon of gas for the car.
Taxes and wages are another story.
Oh, maybe I'm misunderstood? I certainly give it/them a nod, it did take a lot of effort in making it say what one person wanted it to. I commend the attempt in trying to show what the last 30 years meant to one person.
To update. Silver better hold 18 otherwise its 14 by end of year.
Knowledge is the enemy of fear
I knew it would happen.
<< <i>Normally, rates begin to rise in response to money getting tighter as a direct result of the economy becoming healthier and competition increases for labor and project financing........Labor pricing has been suppressed by a lack of decent job growth..........The majority of jobs being created are not high paying career jobs, which is a problem for the tax base of many municipalities who can't print their own money.......What could possibly go wrong? Who is John Galt? >>
Normally? Yeah, we can do anything we want without consequence and then let free markets act "normally".
Here in the Midwest there are tens of thousands of job openings at under $10/hr. For 50 years people came out of high school and earned solid middle-class incomes with good benefits. Millions raised big families on one income from a high-school educated worker. 80% of the people were earning strong incomes and driving the economy. Come on by today. 80% of the people are under-employed and under-paid. This has been building for decades but has exploded in the last 5 years.
How 10% of the population holding 90% of the money will support our future economy will be interesting. I'm still wondering how long it will last.......
<< <i>I think when interest rates do rise, as everyone seems to want the way they're complainingg about ZIRP, then metals will take a further hit and we could see 1000 and 14 or something even lower >>
Rising interest rates aren't always detrimental to PM prices. Interest rates doubled from 1977 to early 1980. That didn't hurt PM prices one bit.
One can look at silver as either rallying 18 years (1993-2011) or 10 years (2001-2011). Either way, a 3-1/2 year correction is still relatively brief in the bigger picture. 3.8 years would be a simple 38% Fib (time) retrace.
<< <i>
How 10% of the population holding 90% of the money will support our future economy will be interesting. I'm still wondering how long it will last.......
>>
Sounds like a quick history lesson is in order. Ever hear of the 80/20 rule? Also known as the Pareto principle. In 1906 Italy. Pareto observed that 20% of the pea pods in his garden produced 80% of the edible peas. He also observed that land ownership had about the same distribution in Italy, 20% owned 80% of the land. This is 1906 so it only counts adult males, so it was really 10% of the population, virtually owning all the land. In feudal times, the wealth concentration was even greater. Peasants had nothing, no hope of anything, merchants had a little, and those with land had the only real asset with real value.
What comes to mind is a question about volunteer organizations. Ever do much volunteer work? Did it seem like 20% of the volunteers did 80% of the work? The 80/20 rule came from observing pea pods, so it is a rule of nature, though it may not apply to every situation.
In the long run, it is like an over grown forest. Eventually a huge fire levels things out. In historical terms that may mean revolution, civil war, a lot of people dead, mostly the poor "peasant" class. A few of the wealthy do sometimes get their heads chopped off, and many more see their fortunes vanish, or greatly diminished.
"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
Here are some facts. Gold & Silver price as of 9/4/2014 (when this poll was taken)
Au.............$1271
Ag.............$19.20
today 9/11 @ approx 1:45 PM EDT
Au................$1238
Ag................$18.61
<< <i>I think gold and silver are a great buy right now, but I also think they will drop further over the next month or two. I could see silver getting to $16.xx All my own speculation of course. >>
A great buy would be after it bottoms out, lets say $16, and within a week goes up to today's price of $18.70. Not the other way around.
As crazy as that sounds, that exactly what happens, which is why it is generally better to sell when everyone wants it and buy when nobody wants it. Who wanted silver in 1998? Who wanted silver in 2011?
Knowledge is the enemy of fear