Are precious metals prices manipulated? Probably, but so what? Everything else has elements of market manipulation as well. I happen to think that keeping your assets away from the system is a better idea than taking out a loan on the house, the car, the wife, the kids and putting all of your chips on the table at all times - just to be in the game. Not my style.
I agree 100% and this is the main reason why I started stacking. I'm a 29 year old millennial and I can see the writing on the wall for my generation. Were screwed. What happened in Cyprus and (I think Greece too) can happen anywhere and the same goes with NIRP in Japan. If the US ever become a "cashless" society, were screwed even quicker. With the national debt the way it is, socialism and communism on the rise in the US, I see taxes only going up in the future. If all transactions are forced to go through the banking system, fees and taxes can be imposed much easier and much more often.
Our future has been mortgaged by previous generations and now many **17 and 18 **years olds were sold an idea of spending $100,000-$200,000 on a worthless college degree. I feel like I'm a nut, but today the version of slavery is being indebted. Why do you think kids are not taught basic personal finance in school these days??? 1.5 Trillion in un-dischargeable debt and counting!
I buy a couple of ounces of silver every time I go to a coin show. Morgans at close to spot, if possible and a couple of eagles if no decent morgans are available. If and when silver spikes, I'll sell it all off wait for the drop and start over again. Anything around $20/oz would make me consider selling. It's never wrong to close out a position and take profits.
Gold is tougher. I prospect and may never sell what I mine. I also buy gold coins, usually TPG by PCGS to hold for a future generation.
Successful Forum transactions in the last couple of years with: jwitten, liefgold, goldcoin98. Older transactions with shortrgapbob, abitofthisabitofthat, Duxbutt, Morgansforever, Elkevvo, Dunerlaw, Pwrful4, Billet7, AUandAG, pragmaticgoat, MPLunatic, Rob41281, holeinone1972, AnkurJ, OregonCityGold, Inditonka, Colorfulcoins, cohodk, Mission16, kieferscoins
Comments
Some people enjoy being pirates in the old school definition of things...
Gold: $550
Silver: 4.75
bob
I'll sell when the forum troll says we should buy.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
My sell price on silver is $87-96.
Knowledge is the enemy of fear
I agree 100% and this is the main reason why I started stacking. I'm a 29 year old millennial and I can see the writing on the wall for my generation. Were screwed. What happened in Cyprus and (I think Greece too) can happen anywhere and the same goes with NIRP in Japan. If the US ever become a "cashless" society, were screwed even quicker. With the national debt the way it is, socialism and communism on the rise in the US, I see taxes only going up in the future. If all transactions are forced to go through the banking system, fees and taxes can be imposed much easier and much more often.
Our future has been mortgaged by previous generations and now many **17 and 18 **years olds were sold an idea of spending $100,000-$200,000 on a worthless college degree. I feel like I'm a nut, but today the version of slavery is being indebted. Why do you think kids are not taught basic personal finance in school these days??? 1.5 Trillion in un-dischargeable debt and counting!
https://www.cnbc.com/2018/05/05/for-some-student-loan-debt-is-doubling-tripling-and-even-quadrupling.html
I buy a couple of ounces of silver every time I go to a coin show. Morgans at close to spot, if possible and a couple of eagles if no decent morgans are available. If and when silver spikes, I'll sell it all off wait for the drop and start over again. Anything around $20/oz would make me consider selling. It's never wrong to close out a position and take profits.
Gold is tougher. I prospect and may never sell what I mine. I also buy gold coins, usually TPG by PCGS to hold for a future generation.