@TwoSides2aCoin said:
Bought some eagles today for $15. Might get more on Monday at $14.
Great bargain to get under spot and without a premium.
He has A Coin Shop. Maybe a walkin was desperate for cash.
My advice was : " sir, this is the time for you to be buying and it's a terrible time to sell". So what is my fiduciary duty ? To speak truth as I experience it or how I believe ?
@TwoSides2aCoin said:
Bought some eagles today for $15. Might get more on Monday at $14.
Great bargain to get under spot and without a premium.
He has A Coin Shop. Maybe a walkin was desperate for cash.
My advice was : " sir, this is the time for you to be buying and it's a terrible time to sell". So what is my fiduciary duty ? To speak truth as I experience it or how I believe ?
IMO, you have no fiduciary duty to someone who just walks in thru the door. It's not unusual for shop owners to offer below spot for ASE, esp. if there is a glut of them on the market. No idea what transpired other than someone walked in wanting to sell ASEs.
I would really like to buy some gold (for collecting purposes mainly), but with a rising interest rate environment, full employment and a stable, but slowly growing economy, I think I have to wait until it hits $1,000, maybe even $900.
Retired United States Mint guy, now working on an Everyman Type Set.
@DeepCoin said:
I would really like to buy some gold (for collecting purposes mainly), but with a rising interest rate environment, full employment and a stable, but slowly growing economy, I think I have to wait until it hits $1,000, maybe even $900.
Using those fundamentals you shouldn't be waiting. I personally believe the full employment/stable economy is fake news.
"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
@DeepCoin said:
I would really like to buy some gold (for collecting purposes mainly), but with a rising interest rate environment, full employment and a stable, but slowly growing economy, I think I have to wait until it hits $1,000, maybe even $900.
Using those fundamentals you shouldn't be waiting. I personally believe the full employment/stable economy is fake news.
I'm surprised to hear you think this derryb, as you live in and near and surrounded by some of the fastest growing areas in the US.
@Baley said:
Referring to the Economy or the Job Market of the United States is like talking about the country's Terrain or Climate (or populace)
Generally speaking, the steeper the terrain and colder the climate, the lesser the populace. However, on weekends and holidays in these areas the population can swell and the economy is quite good.
@DeepCoin said:
" I would really like to buy some gold (for collecting purposes mainly), AND with a rising interest rate environment, full employment and a stable, but slowly growing economy, I think I SHOULD NOT wait until it hits $1,000, maybe even $900.... "
.... because waiting only makes me say, later: " I wish I would have bought it when it was in the valley and not at the peak"
That's my opinion on trying to "fix" this ( for me, to suit me) so that I can be in agreement with and not opposed to.
"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
Picked up silver at $.25 over spot yesterday at the ANA show in Denver. The mint was under heavy guard. Probably because they are charging 30% over spot.
I realize that part of the increase in the price of oil ($.40 gal) in the last 2 weeks is because of Irma. However, I do not see your anticipated carnage in the immediate future. I'll give your credit for your accurate call on Silver about a month ago, so far, right on the spot.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
I have a customer who's probably not happy he could have purchased for less this week than last. Have a potential customer who said yesterday, he's in for sure , when silver hits $16. I'm not getting much help here.
Looks like very familiar swings throughout this year and expect more of the same if not a few higher peaks. I was selling some dead metal off on this last upswing and will resume on the next. Glad to have a rest.
@TwoSides2aCoin said:
I have a customer who's probably not happy he could have purchased for less this week than last. Have a potential customer who said yesterday, he's in for sure , when silver hits $16. I'm not getting much help here.
I'm never happy when I find out after the fact that I could have bought for less or sold for more. Tis what ittis.
@TwoSides2aCoin said:
Lower isn't a bad thing. It's a gift. Like gas prices. So, it went lower until it went higher.
Not if you made your purchases from 2011 to 2013. Human nature being what it is, I suspect some or perhaps a majority, are still praying for a turnaround and are not interested in dips.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@TwoSides2aCoin said:
Lower isn't a bad thing. It's a gift. Like gas prices. So, it went lower until it went higher.
Not if you made your purchases from 2011 to 2013. Human nature being what it is, I suspect some or perhaps a majority, are still praying for a turnaround and are not interested in dips.
I probably purchased more stocks because of that same "frenzy".... then after the pain threshold was beyond my level , sold for a loss..., but who can afford to gamble that much ? Stocks are a long term investment. Metal is just a small hedge against a complete failure of the system. Silver / Gold / Corn / Oil.... it's all the same.
Buy beans ! You know ? Don't take the advice, just process the information and make what moves suit you, when you make them. I've made more mistakes than anyone I know.
@TwoSides2aCoin said:
Lower isn't a bad thing. It's a gift. Like gas prices. So, it went lower until it went higher.
Not if you made your purchases from 2011 to 2013. Human nature being what it is, I suspect some or perhaps a majority, are still praying for a turnaround and are not interested in dips.
Lost prices or value we can usually get back...however we can never recoup time.
Comments
He has A Coin Shop. Maybe a walkin was desperate for cash.
I doubt they waste general tax revenues on roads. I bet if the populace in Illinois saw their budget, they'd rebel and have an uprising.
My advice was : " sir, this is the time for you to be buying and it's a terrible time to sell". So what is my fiduciary duty ? To speak truth as I experience it or how I believe ?
IMO, you have no fiduciary duty to someone who just walks in thru the door. It's not unusual for shop owners to offer below spot for ASE, esp. if there is a glut of them on the market. No idea what transpired other than someone walked in wanting to sell ASEs.
I know he has a shop but it's still a great bargain to buy them for $15.
BST references several
Agreed.
it gets old buying when there aren't buyers walking in after.
Nothing better than having a bunch of low cost inventory that nobody wants.
I would really like to buy some gold (for collecting purposes mainly), but with a rising interest rate environment, full employment and a stable, but slowly growing economy, I think I have to wait until it hits $1,000, maybe even $900.
Using those fundamentals you shouldn't be waiting. I personally believe the full employment/stable economy is fake news.
"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 personally believe "the economy" is a fake concept
Liberty: Parent of Science & Industry
Referring to the Economy or the Job Market of the United States is like talking about the country's Terrain or Climate (or populace)
Liberty: Parent of Science & Industry
I'm surprised to hear you think this derryb, as you live in and near and surrounded by some of the fastest growing areas in the US.
Knowledge is the enemy of fear
Generally speaking, the steeper the terrain and colder the climate, the lesser the populace. However, on weekends and holidays in these areas the population can swell and the economy is quite good.
Knowledge is the enemy of fear
Ah, well played! And the good deals are often weekdays and off season months
Liberty: Parent of Science & Industry
So the prices are cheaper when there is less demand?
Knowledge is the enemy of fear
Some supplies exceed some demand, and so it is with precious metal. It's not so precious. God knows whoever started that rumor. LOL
.... because waiting only makes me say, later: " I wish I would have bought it when it was in the valley and not at the peak"
That's my opinion on trying to "fix" this ( for me, to suit me) so that I can be in agreement with and not opposed to.
https://www.google.com/amp/www.marketwatch.com/amp/story/guid/B58056EA-7156-11E7-B9C1-A6E503041C02#ampshare=http://www.marketwatch.com/story/why-oil-prices-scored-their-biggest-one-day-rally-of-2017-2017-07-25
Knowledge is the enemy of fear
oil will lead the carnage.
"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
Still waiting on this definition of carnage.
Knowledge is the enemy of fear
Chipotle Mexican grill
I ate there once. Once.
Knowledge is the enemy of fear
Picked up silver at $.25 over spot yesterday at the ANA show in Denver. The mint was under heavy guard. Probably because they are charging 30% over spot.
Where is the floor ?
I realize that part of the increase in the price of oil ($.40 gal) in the last 2 weeks is because of Irma. However, I do not see your anticipated carnage in the immediate future. I'll give your credit for your accurate call on Silver about a month ago, so far, right on the spot.
I have a customer who's probably not happy he could have purchased for less this week than last. Have a potential customer who said yesterday, he's in for sure , when silver hits $16. I'm not getting much help here.
Anyone's ears popping ?
Looks like very familiar swings throughout this year and expect more of the same if not a few higher peaks. I was selling some dead metal off on this last upswing and will resume on the next. Glad to have a rest.
.> @cohodk said:
Oil never traded lower after July 7. It has since rallied 18%. This is so easy when one knows what to look for. Thank you derryb.
Knowledge is the enemy of fear
I'm never happy when I find out after the fact that I could have bought for less or sold for more. Tis what ittis.
Lower isn't a bad thing. It's a gift. Like gas prices. So, it went lower until it went higher.
Not if you made your purchases from 2011 to 2013. Human nature being what it is, I suspect some or perhaps a majority, are still praying for a turnaround and are not interested in dips.
I probably purchased more stocks because of that same "frenzy".... then after the pain threshold was beyond my level , sold for a loss..., but who can afford to gamble that much ? Stocks are a long term investment. Metal is just a small hedge against a complete failure of the system. Silver / Gold / Corn / Oil.... it's all the same.
Buy beans ! You know ? Don't take the advice, just process the information and make what moves suit you, when you make them. I've made more mistakes than anyone I know.
Lost prices or value we can usually get back...however we can never recoup time.
Knowledge is the enemy of fear
Speaking of time, how long befor PD catches up to Gold ? I see it's surpassed platinum now.
I'm finding it harder and harder not to buy some more platinum.
I knew it would happen.
Ask yourself why it should go higher.
Knowledge is the enemy of fear
A rising tide floats all boats ? It's a question not an answer.
My platinum order ships from Apmex today!
I knew it would happen.
I think enough is enough.
Ask yourself why it should go higher.
Because it's still used in industry and because the economy hasn't wound down to a dead stop like I thought it might.
I knew it would happen.
You're in good company ... All PM's are down from the above chart from 10/12.
Wouldn’t you know ? Just when I think it’s hit the floor.
It will turn around when least expected.
Economy have never wound down to a dead stop.
Re palladium. ...there is are many more factors in price than just "it has use".
Knowledge is the enemy of fear
Re palladium..........I wouldn't buy it even with cohodk's money!
I knew it would happen.
Back up the truck.
If we aren’t near the bottom.... it is close.
Here is the ten year chart on silver.
100