Who else wants Gold/Silver to drop?
ChrisRx
Posts: 5,619 ✭✭✭✭
I DO! (I want to buy some) 
0
ChrisRx
Posts: 5,619 ✭✭✭✭
Comments
San Diego, CA
IF it goes up, sell what you have
IF it goes down, buy what ya don't have
<< <i>I DO! (I want to buy some)
buy silver eagles from the Mint before the possible price adjustment, which I suspect will happend if Silver hits $15 per oz.
<< <i>Well i for one will sell everything I have and buy gold if it ever gets down to 350... and same for silver at 5.... (wishful thinking I know...) >>
You best pray that this will not happen ... deflationary period...depression time....
<< <i>
<< <i>I DO! (I want to buy some)
buy silver eagles from the Mint before the possible price adjustment, which I suspect will happend if Silver hits $15 per oz. >>
I see them as 21.95 on the mint site. Do you see a better price?
<< <i>
<< <i>
<< <i>I DO! (I want to buy some)
buy silver eagles from the Mint before the possible price adjustment, which I suspect will happend if Silver hits $15 per oz. >>
I see them as 21.95 on the mint site. Do you see a better price? >>
You can buy the business strikes ( non W mint mark ) from any bullion dealer at about $1.70 - $2.00 above spot. For the W-'s...check ebay, but take into account the s/h fee, there may be some available, if you are lucky, below Mint issue price, but they may be some ones rejects (milk spots). The Mint, in my opinion, may not be the cheapest, but it is the safest & you can't beat their s/h fees...it's the same whether you buy 1 or 100 coins, or their return policy....
So the bottom line is if you live in the U.S. you don't want high gold prices even if you own a lot of gold.
David J Weygant Rare Coins website: www.djwcoin.com
<< <i>Well i for one will sell everything I have and buy gold if it ever gets down to 350... and same for silver at 5.... (wishful thinking I know...) >>
It wasn't long ago when gold was $250 and so many "smart" people considered it a foolish investment. Just goes to show ya. It's better to your own thinkin'.
I was here on the forum in 2002 trying to spread some interest in gold while it was still in the $300's. Other than Kelso, Deadhorse, and a few others, no one would listen. Most thought it was all nonsense. Growth stocks and real estate would always rule.
I got enlightened in August 2001 when Maurice Rosen (RNA) published an interview with gold guru Jim Sinclair. Sinclair saw the gold rush coming and the derivatives fiasco. At that time the derivatives totaled $90 TRILL and that scared me to jump into gold.
That $48 for an RNA subscription was the best deal I ever got.
Thanks Maurice!
Gold will go down and up again for a number of years. At the next major correction, there will be lots of "I told you so's!" Even a clock is right 2X a day.
roadrunner
<< <i>I do ! High gold prices portend trouble in the world and in particular the United States. People are losing confidence in the U.S. dollar. Foreign central banks like China, India, Russia, Korea, and OPEC have 1.9 trillion dollars. The Canadian dollar is now at parity with the U.S. dollar. The only reason we have not had horrendous inflation is because the countries that hold those 1.9 trillion dollars don't want to convert them into their currency because then their currency would strengthen against the U.S. dollar in a big way so they print more of their currency and buy treasury bonds with the dollars. But believe me, if they could find a way to get rid of those dollars without upsetting the apple cart they would. If the dollar keeps sinking, foreign made products will cost more creating inflation. Then the federal reserve will have to raise interest rates significantly causing a recession at best.
So the bottom line is if you live in the U.S. you don't want high gold prices even if you own a lot of gold. >>
If foreign products were higher priced then wouldn't we buy fewer of the product. Wouldn't that in turn force them to lower the price to us to maintain sales and wouldn't that stimulate more domestic production for consumers here? This might just offset any recession threat. I just would like to know what forces are causing the dollar to go down. I also question the belief that gold is only moved by the value of the dollar. It is a commodity and seems like it should be subject to demand forces like everything else.
all you guys had ample time to part with your fiat currency and trade for gold
up, up and away!!!!
I found some copper over $620 and it's not even an ounce
``https://ebay.us/m/KxolR5