nah. i am out of the game. my money is being used to pay down debt. after I am satisfied where I am at I will view the scenery and take stock of my options.
i think getting into gold and silver right now, physical, is a risky proposition at the moment short term. I am not saying ETFs are better but they do allow for better short term trading allowing a profit to happen a bit easier.
slow and steady accumulation should be a big discussion point if you want in.
I'm not worried. I figure the drop of gold today and the strength of the dollar today is directly related to the situation in US, India, North Korea, Dubai and Europe. Yep, that about covers it.
US- same financial condition, false unemployment stats stated by government, runaway government spending, huge tax increases on the horizon India - large gold purchase several weeks ago - what do they see? North Korea - devaluation has them buying dollars today, why aren't they buying gold? Not available? Dubai - Another country broke and in trouble, therefore more banks in trouble. Europe - eastern countries are in deep do do.
I'm out of town this weekend, if I can get back to home before 4p.m. Saturday I'll be buying gold and silver at these prices. Or I'll have to wait until Monday.
It had to happen. I would love to see the 900's or lower again but that may not happen for a very long time. I won't add "....if ever" because I know better.
I just picked up a $5 Indian today... nice coin, though the price isn't closely related to spot.
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I was offered some slabbed gold coins today. My choice was to continue to sit on excess cash for who knows how long or buy them.......I bought them. I also bought some GDXJ on the dip today.
You think the B&M shops that carry dozens or hundreds of 1 oz gold coins plus silver bars in stock are going to discount live inventory by 5% just because the Comex had a fire sale on paper contracts that are essentially settled with more paper?
1913, in AU. Nice piece. Replaces one I sold some years back.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
Comments
--Severian the Lame
debt. after I am satisfied where I am at I will view the scenery and
take stock of my options.
i think getting into gold and silver right now, physical, is a risky proposition
at the moment short term. I am not saying ETFs are better but they do allow
for better short term trading allowing a profit to happen a bit easier.
slow and steady accumulation should be a big discussion point if you want in.
(not)
I knew it would happen.
I knew it would happen.
No need to worry unless you are playing with scared money.
I have a very strict gun control policy: if there's a gun around, I want to be in control of it - Clint Eastwood
<< <i>I wish silver would go down more though... >>
Silver is going up up up! Well, eventually.
I knew it would happen.
********************
Silver is the mortar that binds the bricks of loyalty.
this is the largest drop I have seen --- is this a record? About 70 bucks in one day from 1226 to .. 11 fifties?
WOW
that's insane
US- same financial condition, false unemployment stats stated by government, runaway government spending, huge tax increases on the horizon
India - large gold purchase several weeks ago - what do they see?
North Korea - devaluation has them buying dollars today, why aren't they buying gold? Not available?
Dubai - Another country broke and in trouble, therefore more banks in trouble.
Europe - eastern countries are in deep do do.
I'm out of town this weekend, if I can get back to home before 4p.m. Saturday I'll be buying gold and silver at these prices. Or I'll have to wait until Monday.
Would welcome comments.
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<< <i>I just picked up a few of these. Little 10 grams bars
>>
Oh, yes .... "Lady Fortuna" ..... my favorite in Gold, Plat, Palladium and Silver Bar design .... any size within my budget
What did you get?
it is hiding and I haven't been able to find it for days.
Camelot
<< <i>Yeah, but can you find anyone selling it for that.....? >>
You are correct, I looked and not so much. They are still selling in the $1260 to $1305 range per ounce. Silver didn't drop either.
Fred, Las Vegas, NV
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HE>I
You think the B&M shops that carry dozens or hundreds of 1 oz gold coins plus silver bars in stock are going to discount live inventory by 5% just because the Comex had a fire sale on paper contracts that are essentially settled with more paper?
roadrunner
It snowed so light traffic. Tomorrow should bring the people out. Houston, Tx. Money show.
<< <i>"I just picked up a $5 Indian today."
What did you get? >>
1913, in AU. Nice piece. Replaces one I sold some years back.