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  • akuracy503akuracy503 Posts: 1,923 ✭✭✭
    $800 gold...I would buy pounds

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    Collection: https://flickr.com/photos/185200668@N06/albums

  • mariner67mariner67 Posts: 2,746 ✭✭✭
    Originally posted by: Baley
    Yeah, I hope all my investments crash in value, so that I can buy more at cheaper prices image


    image
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Originally posted by: Baley

    Yeah, I hope all my investments crash in value, so that I can buy more at cheaper prices image




    Exactly! Never understood this way of thinking. I would far rather buy into a rising commodity than a stagnant one and one that takes 6% one day beatings.

    See the Bear in my avatar.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Gold and silver have been amongst the best performers in 2016.



    Hike up your panties gentlemen. Geez. Embarrassing



    mark



    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    A few months ago silver spot was a little over $14 and then it climbed to over $20. Let's face it---silver is a very volatile commodity and these big swings in price are to be expected.

    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

  • VanHalenVanHalen Posts: 3,992 ✭✭✭✭✭
    I'm holding $0 gold right now. The most physical I ever held was about 35 ozs and it was all sold a few years ago. I won't pay $1200, $1300 or $1400 ounce for the same Au that was $500, $600 just a few years ago. Not that I think it's going back to $500-$600 because I don't but I would be absolutely stunned if it wasn't in the $800-$900 range within a few short years.



    I have that much faith in the TPTB, I know they can get it there.
  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭
    Originally posted by: VanHalen
    I'm holding $0 gold right now. The most physical I ever held was about 35 ozs and it was all sold a few years ago. I won't pay $1200, $1300 or $1400 ounce for the same Au that was $500, $600 just a few years ago. Not that I think it's going back to $500-$600 because I don't but I would be absolutely stunned if it wasn't in the $800-$900 range within a few short years.

    I have that much faith in the TPTB, I know they can get it there.


    Or is it too little faith in "fundamentals"?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • ashelandasheland Posts: 23,190 ✭✭✭✭✭
    Originally posted by: PerryHall
    A few months ago silver spot was a little over $14 and then it climbed to over $20. Let's face it---silver is a very volatile commodity and these big swings in price are to be expected.


    I agree.

    A few years ago and a pull back like this would have me upset. I finally lost that anxiety and don't mind at all when these swings occur. Let it fall a while... I'm happy to add to the stack while it's on sale. image
  • VanHalenVanHalen Posts: 3,992 ✭✭✭✭✭
    Originally posted by: cohodk

    Originally posted by: VanHalen

    I'm holding $0 gold right now. The most physical I ever held was about 35 ozs and it was all sold a few years ago. I won't pay $1200, $1300 or $1400 ounce for the same Au that was $500, $600 just a few years ago. Not that I think it's going back to $500-$600 because I don't but I would be absolutely stunned if it wasn't in the $800-$900 range within a few short years.



    I have that much faith in the TPTB, I know they can get it there.




    Or is it too little faith in "fundamentals"?





    Nah. Eventually it will be clear for even the blind to see.



  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Originally posted by: VanHalen

    I'm holding $0 gold right now. The most physical I ever held was about 35 ozs and it was all sold a few years ago. I won't pay $1200, $1300 or $1400 ounce for the same Au that was $500, $600 just a few years ago.





    2005 was the last time you could have bought gold in that range. Maybe the beginning of 2006.





    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • CakesCakes Posts: 3,629 ✭✭✭✭✭
    Originally posted by: MsMorrisine
    Originally posted by: akuracy503
    Originally posted by: cohodk



    Sure why not. Many people have been holding silver at this price for the last 10 years. What's another 10?




    What?! You mean these same people did not sell in 2011 when we saw $50 SLV and $1900+ GLD?

    I would not want to call any bluff's with these people.



    Silver was in the high 30s or low 40s when the first pucks came out.

    I'm still buried with them




    MM when the first bullion pucks came out silver was around $28.

    Successful coin BST transactions with Gerard and segoja.

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  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    Originally posted by: Justacommeman
    Gold and silver have been amongst the best performers in 2016.

    Hike up your panties gentlemen. Geez. Embarrassing

    mark



    Emotions need to be ruled out of a trade.

    When the brain is saying this is looking bad, it is a good idea to consider it.

    We have October to wait for a possible rate hike. I'm not looking to buy until my ebay bucks near expiration or the low $1200 area is tested a couple of times and holds

    It is scary bad looking right now. However, the fear does need to be put aside.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Originally posted by: MsMorrisine


    We have October to wait for a possible rate hike.



    Fed Whisperer Hilsenrath Kills November Rate Hike Hopes, Plays Down December Too

    Bad jobs data report today. Jobs data always over inflated, so look for gold to gain.

    "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

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    Emotions need to be ruled out of a trade.

    When the brain is saying this is looking bad, it is a good idea to consider it.

    We have October to wait for a possible rate hike. I'm not looking to buy until my ebay bucks near expiration or the low $1200 area is tested a couple of times and holds

    It is scary bad looking right now. However, the fear does need to be put aside.



    What's scary? What's looking bad? Gold's short term technicals? What do you mean?

    I think that the only thing that will make gold look bad is if it becomes unavailable or if it is banned.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    short term chart looks ugly
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,293 ✭✭✭✭✭

    I remember the Hunt Bros. fiasco like it was yesterday. Silver went from $50 to $5, where it remained laggard for nearly a quarter century ranging from $5 to $10. Then in about 3 years it jumped from $10 to $15 before it went to the moon again (circa 2007-2012). From this perspective, we could be between $15 and $20 for another quarter century. My motto is "buy what you like", then no matter what happens, you still like what you bought.

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