"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
@MsMorrisine said:
back in the day one guy at my work bought a Ferrari. that could have been a small house.
That's funny, here in Northern VA when AOL was the big dog AOL had secretaries driving up in Ferrari's.
I remember it well, but I believe that occurred after AOL went public. All employees had ESOP's that were eligible for redemption at that time and many became instant millionaires.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
"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
The more I buy, the lower it goes. This past weekend, my silver eagles were selling for $16.50 and silver dollars were selling for $13.50 in competitive bidding , on Ebay.
I might have gotten a dime more on Amazon or Alibaba.
So, my new guess is $12.75 Silver and $1120 Gold. For 2018. No idea what next year may bring.
For this year you are right but this time next year it will be for sure if gold does not rally by years end which it won't, it will test the 1000 mark for sure next year. Why wait I bought 900 OZ. of silver at the Long Beach show at spot and 4 ounce of gold American Gold Eagles at melt went to buy coins and loaded up on bullion but the coin show on Friday at 2pm was like walking through a cemetery at midnight it was kind of sad.
For this year you are right but this time next year it will be for sure if gold does not rally by years end which it won't, it will test the 1000 mark for sure next year. Why wait I bought 900 OZ. of silver at the Long Beach show at spot and 4 ounce of gold American Gold Eagles at melt went to buy coins and loaded up on bullion but the coin show on Friday at 2pm was like walking through a cemetery at midnight it was kind of sad.
How about that Palladium Eagle ? Impressive, in a numismatic way.
Some shapes and sizes are better than others (in the precious metal realm). Happy collecting, or gathering.
@TwoSides2aCoin said:
How about that Palladium Eagle ? Impressive, in a numismatic way.
Some shapes and sizes are better than others (in the precious metal realm). Happy collecting, or gathering.
overpriced dreck struck in a metal no one cares about
overpriced dreck struck in a metal no one cares about
Yes, but the coin sure is purty!
I'm still on the fence about selling the one I bought, even though my record with palladium is somewhat lackluster. (I was a couple years early and got out early.)
Q: Are You Printing Money? Bernanke: Not Literally
Offered a fellow $750 for one ounce of silver, yesterday. He said " I have 2". MS 70 American eagles. 2008/2007 Reverse. I asked "how low could I go (?) , without insulting him.
It's a cruel world of coins out there. And I thought gold cut deep.
I'm on the wrong side of the trades.
I found 90% today at 10X face. Mercs, Washingtons, and Walking Liberty Halves. Twenty-one Morgans at 17 dollars each from good to MS if I take them all. I'm 1k lighter today in digital dollars and a bit heavier in metal....and pretty happy about it.
I may be wrong but I think its time for me to start buying. I want to be well stocked when the time comes around again to sell.
"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
The chart for gold is forming a descending triangle on the 6 month chart on the end of a triangle on a 3 year chart. The present triangle is getting close to the right corner. When it breaks out can go either way, but since it is a descending triangle chances are it will go lower. We have been at this $1300 level for about 6 years. Personally I'm looking for a ramp up to a higher lever sooner rather than later.
I'm 75 years old, so there is nothing new about me.
@eddie1943 said:
... chances are it will go lower. ...
Personally I'm looking for a ramp up to a higher lever sooner rather than later.
is this being hopeful? The second seems counter to the triangle prediction
Just an opinion from reading the charts and factoring in past history. There are a lot of opinions, and chart stories, but the truth is no one knows what gold price is going to do.
I'm 75 years old, so there is nothing new about me.
Comments
I flipped mine too early
it didn't stay under 1,200 for too long, we might of found a bottom
1135
"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
That's funny, here in Northern VA when AOL was the big dog AOL had secretaries driving up in Ferrari's.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
Ahhh
That ferrari was bought with gold profits.
Anyway, how to make a small fortune -- start with a large fortune.
I remember it well, but I believe that occurred after AOL went public. All employees had ESOP's that were eligible for redemption at that time and many became instant millionaires.
OPA I think you are right. My buddy worked there for about 10 years and retired a millionaire in his mid 30's. Luck effer!
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
$10 an oz silver, a.k.a. $15 an oz give or take after premium...
COLLECTING: 2020 Topps 206 ⚾️
facebook.com/groups/Topps206
close to the bottom should be good enough.
"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 didn't sell much when gold was over 1,900/ounce. I didn't buy anything either
The more I buy, the lower it goes. This past weekend, my silver eagles were selling for $16.50 and silver dollars were selling for $13.50 in competitive bidding , on Ebay.
I might have gotten a dime more on Amazon or Alibaba.
So, my new guess is $12.75 Silver and $1120 Gold. For 2018. No idea what next year may bring.
I've actually been thinking around $12 silver and $1050 gold ... aww maybe that's too low.
Insert witicism here. [ xxx ]
gold is not going below 1,100
Silver under $14.00 as of 10:00am on 9/11/18....
For this year you are right but this time next year it will be for sure if gold does not rally by years end which it won't, it will test the 1000 mark for sure next year. Why wait I bought 900 OZ. of silver at the Long Beach show at spot and 4 ounce of gold American Gold Eagles at melt went to buy coins and loaded up on bullion but the coin show on Friday at 2pm was like walking through a cemetery at midnight it was kind of sad.
Almost like there’s blood in the streets?
The metals keep grinding lower. It's almost irresponsible not to buy.
I knew it would happen.
This is what makes our hobby a good thing. It's a collector's dream, at these levels.
You can see the bottom from here
I can see Alaska from my house
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
and the placer gold from the deck!
There is an entry point, for the glut.
Gonna be low for the next few years??
When will it not be 1200?
How about that Palladium Eagle ? Impressive, in a numismatic way.
Some shapes and sizes are better than others (in the precious metal realm). Happy collecting, or gathering.
overpriced dreck struck in a metal no one cares about
overpriced dreck struck in a metal no one cares about
Yes, but the coin sure is purty!
I'm still on the fence about selling the one I bought, even though my record with palladium is somewhat lackluster. (I was a couple years early and got out early.)
I knew it would happen.
Offered a fellow $750 for one ounce of silver, yesterday. He said " I have 2". MS 70 American eagles. 2008/2007 Reverse. I asked "how low could I go (?) , without insulting him.
It's a cruel world of coins out there. And I thought gold cut deep.
I'm on the wrong side of the trades.
Seems precious metals spike every 10-20 years and go into years of decline. Your mileage may vary.
100% Positive BST transactions
I like it in the dirt.
I found 90% today at 10X face. Mercs, Washingtons, and Walking Liberty Halves. Twenty-one Morgans at 17 dollars each from good to MS if I take them all. I'm 1k lighter today in digital dollars and a bit heavier in metal....and pretty happy about it.
I may be wrong but I think its time for me to start buying. I want to be well stocked when the time comes around again to sell.
how low will it go after today's fed meeting?
I think we should be posting in your "How high will it go thread", after the FED. raised rates again.
I was thinking in the immediate aftermath. yesterday it dropped, today it has more than made up for it. I'm long and not complaining
This Is How Close To Collapse Deutsche Bank Is
"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
Looks like a huge bull flag to me...
Edit to clarify: bull flag on Deutsche Bank stock....
The chart for gold is forming a descending triangle on the 6 month chart on the end of a triangle on a 3 year chart. The present triangle is getting close to the right corner. When it breaks out can go either way, but since it is a descending triangle chances are it will go lower. We have been at this $1300 level for about 6 years. Personally I'm looking for a ramp up to a higher lever sooner rather than later.
I'm 75 years old, so there is nothing new about me.
??? What you say eddie? Multiple personalities...
is this being hopeful? The second seems counter to the triangle prediction
Just an opinion from reading the charts and factoring in past history. There are a lot of opinions, and chart stories, but the truth is no one knows what gold price is going to do.
I'm 75 years old, so there is nothing new about me.
Trying to predict gold prices will cause multiple personalities.
Charts say down short term. I'm predicting higher going out a little longer.
I'm 75 years old, so there is nothing new about me.
I think I'm going to buy some gold today.
I knew it would happen.
Beware the MDT, it brings unbearable punishment...
It appears that silver wants to retouch last years lows
I’d retouch another long buy of my liking if it pops.
Same price it was 13 years ago. Lost decade...going on lost generation. Ugh.
Knowledge is the enemy of fear