View Full Version : Long Position on Silver and Gold?
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Mmmm, I was wrong, sorry. I asked someone about water issues and just believed the answer that is it. Posted that while I was looking around to see how much some cheap water storage would cost if it seemed like this was going to get crazy. That was stupid.
Aloha_Shooter
10-16-2014, 10:15
So one of the things to be careful of is being overconfident with water filtration. In the past, I was more concerned about bacteria and protozoa than viruses so figured my backpacking filters were good -- and they were for nearly all of those threats. However, the standard ceramic filter is usually good to about 0.2 microns while the Ebola virus is only 0.08 microns wide.
I used to laugh at the Steripen folks as the pen kills viruses and bacteria but doesn't do much for filtering out chemical crap but the Steripen seems to be the best quickest way to handle drinking water (as long as you do a prefilter to get the non-living crap out) and it DOES kill viruses. I'm going to have to think about both an inline filter like the Sawyer Squeeze (http://www.rei.com/product/858764/sawyer-squeeze-water-filter-32-fl-oz) system as well as a Steripen for my upcoming trip to India ...
Firehaus
10-16-2014, 11:08
I recently bought this one for a buy once cry once filtration system. Add UV or chemical sterilization and your good to go.
http://m.rei.com/product/653573/katadyn-pocket-water-filter
Sent from my iPhone
HoneyBadger
10-16-2014, 11:15
I recently bought this one for a buy once cry once filtration system. Add UV or chemical sterilization and your good to go.
http://m.rei.com/product/653573/katadyn-pocket-water-filter
Sent from my iPhone
That looks way more robust than my MSR backpacking filter. I also have a SteriPen. And lots of bleach.
Silver has hardly moved today. I wonder when and how the new-ish round of QE is going to affect PM prices.
That didn't last long, oil is back over $83. Rats!
sellersm
10-16-2014, 11:44
Art Cashin today says this regarding oil:
If West Texas breaks $80, we might have some problems.
If you read the link I posted above, you'll see that if the oil hits $75 or below, there will be lots of trouble!
sellersm
10-16-2014, 11:47
Elimination of All Microorganisms, Viral, Bacteria, and Fungal Through Sterilization
Sterilization of hard, non-porous items can be accomplished by using high heat, an autoclave or steam sterilizer. Boiling heat-resilient items in water for 20 minutes will kill the Ebola virus as well. You can also use a bleach solution to kill the virus on hard surfaces, clothing and other items using a solution of 1:10 and a solution of 1:100.
A 1:100 bleach solution is used to disinfect:
Surfaces
Medical equipment
Patient bedding
Reusable protective clothing before it is laundered.
A 1:10 bleach solution is a strong solution used to disinfect excreta and bodies, and it is best this is left to medical professionals (CDC, 2014).
We use these test strips to measure the concentration of bleach. Indigo Chlorine test strips: http://www.indigo.com/test_strips/disinfectants_sanitizers/chlorine_and_iodine/33815-10000ppm-Cl-bleach-test-strip-hospital.html
We can make up any concentration of bleach we need, depending on intended purpose, and use the test strip to ensure our mixture is accurate.
Aloha_Shooter
10-16-2014, 11:57
I recently bought this one for a buy once cry once filtration system. Add UV or chemical sterilization and your good to go.
http://m.rei.com/product/653573/katadyn-pocket-water-filter
Sent from my iPhone
The Katadyn is good to 0.2 microns like most good ceramic filters. The hollow fiber membranes on the Sawyer are good to 0.1 microns.
sellersm
10-16-2014, 13:16
There is a Sawyer product that's good to .02, it's the Point Zero Two product: http://sawyer.com/international/products/sawyer-point-zerotwo-water-filtration-system-adapters/
sellersm
10-16-2014, 13:18
More talk (or continued talk) about the impending implosion of the stock market. Daniel Ameduri of Future Money Trends says
“If it drops below 15,000 points I would suggest people start buying food and ammo, because this depression is about to turn nasty.”
http://www.dcclothesline.com/2014/10/16/trend-analyst-stocks-dow-drops-15000-suggest-people-start-buying-food-ammo/
Firehaus
10-16-2014, 13:22
The Katadyn is good to 0.2 microns like most good ceramic filters. The hollow fiber membranes on the Sawyer are good to 0.1 microns.
Great to know! I still think I'd like to UV it to be safe.
Great-Kazoo
10-16-2014, 13:39
Great to know! I still think I'd like to UV it to be safe.
SODIS System OR a basic black light.
HoneyBadger
10-16-2014, 14:19
SODIS System
This is the way to go.
Aloha_Shooter
10-16-2014, 15:09
There is a Sawyer product that's good to .02, it's the Point Zero Two product: http://sawyer.com/international/products/sawyer-point-zerotwo-water-filtration-system-adapters/
Hadn't seen that one but at 0.02 micron, that one is good for filtering out viruses.
Great-Kazoo
10-16-2014, 15:15
Hadn't seen that one but at 0.02 micron, that one is good for filtering out viruses.
if you're to the point filtering virus' out of drinking water. The population as we know it has been decreased by 70 - 80%. Buy silver when it hit's $14 per z.
Silver can be laid across gaping ebola wounds to ward off infection.
haha I'm with you Jim... Folks need to get back on topic...please...
A QE bluff pushed the DOW up today.
http://www.zerohedge.com/news/2014-10-17/dow-surges-400-points-after-feds-bullard-prevents-plunge-qe4-bluff
It never gets old... if this sell-off was triggered by a realization that the consumer is truly depressed (retail sales) and the Fed is almost done, then the face-ripping rally (notably on weak volume) of the last 24+ hours is the ugly truth that the 'market' is always and everyday a function of central-bank bullshit.
Goes to show that the current run-up isn't based or share price to earnings, or new products, or increased production. It is based on fiat monies generated from thin air by FedRes at FedGov's behest.
This is why tangibles are so important, tangibles like water, food, first aid kits, ammo, guns, gold, and silver are so important. Some day this house of cards will collapse and when it does you, your children, your grand-children will be grateful you bought some tangibles.
If you can't stand over it with your AR15 you don't own it. I don't know of anyone who can stand over their 401K.
sellersm
10-22-2014, 11:15
Couple articles for your perusal, some interesting information here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/22_Chinas_Plan_For_$100_Silver,_$2,000_Gold_%26_Th e_Oil_Market.html
Very interesting chart in this one:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/22_Terrifying_Chart_Predicts_Gold_Spike_%26_Meltdo wn_For_Markets.html
Great-Kazoo
10-22-2014, 11:48
A QE bluff pushed the DOW up today.
http://www.zerohedge.com/news/2014-10-17/dow-surges-400-points-after-feds-bullard-prevents-plunge-qe4-bluff
Goes to show that the current run-up isn't based or share price to earnings, or new products, or increased production. It is based on fiat monies generated from thin air by FedRes at FedGov's behest.
This is why tangibles are so important, tangibles like water, food, first aid kits, ammo, guns, gold, and silver are so important. Some day this house of cards will collapse and when it does you, your children, your grand-children will be grateful you bought some tangibles.
If you can't stand over it with your AR15 you don't own it. I know everyone who can stand over their CASH.
FIFY
sellersm
10-23-2014, 15:06
More interesting and enlightening info, and keep your eyes on the oil price!!
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/23_Legend_-_What_Surprise_Action_To_Expect_In_Gold,_Stocks_%2 6_Oil.html
Oil back under $80 - hope you're seeing this at the pump. Other markets are down a little or flat.
Aloha_Shooter
10-27-2014, 09:12
Oil back under $80 - hope you're seeing this at the pump. Other markets are down a little or flat.
I filled up for $2.909 yesterday. Unfortunately, there were massive lines at Sam's on Friday and a computer glitch shut down the pumps as the indicated price was $2.819 when I finally got up to the inoperative pump.
I filled up for $2.909 yesterday. Unfortunately, there were massive lines at Sam's on Friday and a computer glitch shut down the pumps as the indicated price was $2.819 when I finally got up to the inoperative pump.
Rats!!!
Markets are still essentially flat this morning.
http://www.zerohedge.com/news/2014-10-27/pomo-officially-dead-until-next-qe
Now we wait for the next round of QE to push the DOW to 20,000, you know because when the stock market is way up Main Street is way up too.
[Sarcasm2]
Great-Kazoo
10-27-2014, 10:15
I filled up for $2.909 yesterday. Unfortunately, there were massive lines at Sam's on Friday and a computer glitch shut down the pumps as the indicated price was $2.819 when I finally got up to the inoperative pump.
Gas hasn't cost us anything in years. We use a NY Credit Card ;)
Wow, silver is down 2.5% at the New York Spot open.
Wow, silver is down 2.5% at the New York Spot open.
Ahhh yes Just in time for Payday. :-)
sneakerd
10-30-2014, 07:45
My radar is pointed at Canadian Maple Leafs from JM.
4runner freak
10-30-2014, 08:29
Well, I made my first online order.
Got a batch of SAEs for $19.25ea
The USD is up, so silver is down (all PM's, actually)... The Fed is slowing their "easing" via bond buying.
hghclsswhitetrsh
10-30-2014, 08:56
Well, I made my first online order.
Got a batch of SAEs for $19.25ea
Where at?
4runner freak
10-30-2014, 08:57
Silver.com
Down to $19.06, now :(
The DOW is up in part because VISA is up.
The DOW is called the Dow Jones 30 Industrials, back in the olden days an industrial was like US Steel or Ford because they produced something. VISA is a service company that helps people accumulate debt, VISA does not produce anything like a steel beam or a car.
Anyhoo, just a minor rant.
Might have to order a little more.
HoneyBadger
10-30-2014, 14:03
My radar is pointed at Canadian Maple Leafs from JM.
They are signficantly cheaper at Silver.com
https://comparesilverprices.com/
Silver Dec 14 (SIZ14.CMX)
-COMEX Watchlist
16.47 http://l.yimg.com/os/mit/media/m/base/images/transparent-1093278.png 0.80(4.63%) 4:43PM EDT
The DOW is up in part because VISA is up.
The DOW is called the Dow Jones 30 Industrials, back in the olden days an industrial was like US Steel or Ford because they produced something. VISA is a service company that helps people accumulate debt, VISA does not produce anything like a steel beam or a car.
Anyhoo, just a minor rant.
VISA spend helps our ESOP share value AFAIC so I'm OK with that until FIAT collapses. :-)
VISA spend helps our ESOP share value AFAIC so I'm OK with that until FIAT collapses. :-)
Right on!! :)
Has anyone bought 'junk' silver coins from silver.com? I've been thinking about adding some and they have great prices and showing 'in stock'. If you have ordered, do you have any comments on the coins you received?
$15 - ish silver price this morning!
$15 - ish silver price this morning!
Yup, Bank of Japan did more QE, 80T yen instead of 60T-70T yen. This is bad for the yen, which now 112 yen for every usd so Japan is devaluing their currency.
Check out this chart showing the last 2 years of USD/JPY.
http://finance.yahoo.com/echarts?s=USDJPY%3DX+Interactive#%7B%22range%22%3A %222y%22%2C%22scale%22%3A%22linear%22%7D
Hope it stays like this for a while so I can get as much as I can at awesome prices.
Stupid 401K been down all month pretty much, and it jumps up just in time for my monthly deposit. :-|
beast556
10-31-2014, 11:29
Almost down to 15$. I have a feeling we are going to see 10-12$ silver soon. Hard to imagine not to long ago I thought we would never see silver under 30$ an oz. Stack it deep while its on sale.
hollohas
10-31-2014, 11:45
Almost down to 15$.
Not quite. Lowest it got today was around $15.8. Currently at $16.1.
Firehaus
10-31-2014, 12:09
Gold is taking a beating too.
Sent from my iPhone
One of my theories is that people are moving money back to stocks in anticipation of the next QE that will push the DOW to 20K.
One of my theories is that people are moving money back to stocks in anticipation of the next QE that will push the DOW to 20K.
hmmm... so yeah when to take a quick loan out of the 401 to finance a large purchase of PMs? Muwaahahha [panic]
meh not before stocks go nuts, but before PMs recover. :-)
hmmm... so yeah when to take a quick loan out of the 401 to finance a large purchase of PMs? Muwaahahha [panic]
meh not before stocks go nuts, but before PMs recover. :-)
Let me know when it's time to pull the trigger OK?
I do expect his to be at the precise optimal moment when stocks are at their highest and pre-tank and PM's have hit bottom.
Let me know when it's time to pull the trigger OK?
I do expect his to be at the precise optimal moment when stocks are at their highest and pre-tank and PM's have hit bottom.
Ditto.
More realistically, just buy a bit here and there as it's on the decline..
That is one of the things I do not understand. QE inflates the USD, silver and gold should be going up b/c it takes more inflated USD to purchase the same quantity of metal that uninflated USD bought years ago.
Oil is down because OPEC is pumping more, OPEC has 2 problems to resolve, countering potential US oil exports and drive the price down to hurt Russian oil income.
That is one of the things I do not understand. QE inflates the USD, silver and gold should be going up b/c it takes more inflated USD to purchase the same quantity of metal that uninflated USD bought years ago.
Oil is down because OPEC is pumping more, OPEC has 2 problems to resolve, countering potential US oil exports and drive the price down to hurt Russian oil income.
You have it backward... QE does not inflate the USD, it deflates the USD, in turn causing inflation of goods/services.
Think about this way, they're printing more money, injecting more dollars into circulation, reducing the "buying power" of each USD.... Having less "buying power" in each dollar, means the cost of products and services go higher.
sellersm
10-31-2014, 15:24
This is what Anderw Maguire says caused the squash, taken from here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/31_Maguire__This_Triggered_Todays_Massive_Selloff_ In_Gold_%26_Silver.html
“First thing this morning, after the Bank of Japan decision, things got a bit roiled. But what I did see was a fully-timed algorithm kick off at exactly 7 AM U.K. time. There is only one seller that can come up with 50 tons of paper gold in a matter of 3 or 4 minutes and that is the Bank for International Settlements....
“We saw this come through and it attacked the entire (massive) bid stack (defending the previous low of $1,180) in a matter of seconds. Obviously there were visible stops. They (the Bank for International Settlements) knew exactly what they were attacking there. It was purely paper gold. We are talking about 50 tons, Eric. That’s an awful big position for somebody to put on (as) a risk position in a single shot.
People ask, ‘How do you know?’ We know that it has to be an official (entity). It cannot possibly be somebody with a compliance department with a risk position they have to look at. And the other thing is this (trade) was enacted in the foreign exchange markets, as opposed to the Comex.
In other words, the short seller suddenly sold gold against the dollar in the foreign exchange market, and that had a huge effect and was able to trip off (an additional) 50 tons of Comex supply in a matter of minutes.”
You have it backward... QE does not inflate the USD, it deflates the USD, in turn causing inflation of goods/services.
Think about this way, they're printing more money, injecting more dollars into circulation, reducing the "buying power" of each USD.... Having less "buying power" in each dollar, means the cost of products and services go higher.
Thank you - I should have said "inflates the number of USD in circulation which reduces the value of each USD in circulation". I gotta be more precise with my words, clarity is my friend.
My point still stands, it should take more USD to buy an ounce of silver, not less like we're experiencing now.
Forgive me if I am not getting this right. I am kinda just getting to learn about this stuff.
But, isn't stock indexes act like a fake indicator? In much the same way as the value of the USD goes down, stocks become more expensive. So in the long run "The DJIA hit 17K, etc." would be bad news right? It takes more USD to buy a share of stock.
Forgive me if I am not getting this right. I am kinda just getting to learn about this stuff.
But, isn't stock indexes act like a fake indicator? In much the same way as the value of the USD goes down, stocks become more expensive. So in the long run "The DJIA hit 17K, etc." would be bad news right? It takes more USD to buy a share of stock.
No sweat, I'm learning new things every day and I've only been watching for a couple of years. There are other people on this board who know WAY more than I do, I just post alot in here because I'm interested in all the things that drive the topic. A good place to start is Investopedia - http://www.investopedia.com/ Glad you've taken an interest in this topic and hopefully economics as well.
I cannot speak to your question about the indices being fake or not, I just don't know enough to make that call. I can only say that the stock price used to be a very good indicator of the financial health of a company, I'm not so sure about that anymore due to FedRes/FedGov intervention and regulation.
Your are correct that due to QE the one dollar bill you hold in your hand right now has less value than it did 7 years ago, so yes, the dollar itself, having less value would be contributing factor to why stocks keep going up because it takes more lower value dollars to buy the same share of stock than it did in 2007 assuming of course that the company stock you're talking about is a company that is producing new and wonderful things we want and need.
I recently ranted about finance companies being part of the Dow Jones 30 Industrials index, finance companies don't belong there because they don't produce anything, they are services not manufacturers. I'm just old-fashioned that way.
Forgive me if I am not getting this right. I am kinda just getting to learn about this stuff.
But, isn't stock indexes act like a fake indicator? In much the same way as the value of the USD goes down, stocks become more expensive. So in the long run "The DJIA hit 17K, etc." would be bad news right? It takes more USD to buy a share of stock.
No, it is not fake indicator. Dow Jones Industrial Average (^DJI) consists 30 different industries. However, since random sample is small, and they substitute companies, it is not the best way to measure the performance of overall securities market.
Here are the list of 30companies. http://finance.yahoo.com/q/cp?s=%5EDJI+Components
I mean, if DJIA is at 8,000 from 10,000 and kick an under performing companies in the past like AOL-Time and substituted with good performing stock, going back to 10k would be different than before.
This is why if you want to see overall stock market, you gotta look at Wilshire 5000 Total Market Index. S&P500 for top ~500 biggest companies, and Russell2000.
DJIA is calculated by pts, not the %, so their pt gain/loss are little different.
"value of the USD goes down, stocks become more expensive. So in the long run "The DJIA hit 17K, etc." would be bad news right? It takes more USD to buy a share of stock."
Depends on the situation/intl fi/macro/elasticity/consumer conf/ppi/cpi/etc etcetc. If excessive change (in this case, increase) in Money Supply into the economy, there are people who can hedge against commodities or precious metals. There are some people who wants to invest in the market as well. IF you see the housing past 5-6 years, there were not too much activities in commercial or residential real estate relative to 2000-2006. Bond yields are low. Consumption went up a little (can be due to inflation, or just actual change in demand depends on elasticity and type(s) of good(s)). Some investors thought the most logical investment was securities.
I don't know it is a bad news. Hypothetical situation. If Macy had a P/E of 14 THEN AND NOW; EPS of 1.10/share around 2008, and $4.03 earning per share now, it will have basically same price per earning. They made more money, so price of Macy's is higher. Of course EPS is just one fundamental measurement of share price out of 10,000+ ways. (this was just an example).
sellersm
10-31-2014, 17:16
Eric Sprott has this to say: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/31_Billionaire_Eric_Sprott_Says_Stock_Market_Will_ Crash,_Not_Gold.html
Eric King: ‘Eric, we are in the midst of this smash in gold and silver, and we have the stock market and the dollar doing what they are doing. What do you expect for the rest of this year, once the dust settles?”
Sprott: “Well, God knows when the dust settles, but what I’ve expected for a long time now is that the basic fundamentals for gold and silver will win the day. That hasn’t happened yet. It hasn’t happened because entities have financial weapons that they can use on these commodity exchanges and the physical buying hasn’t gotten to a point where we have the failure (of an exchange to deliver)....
“But I think it’s reasonably predictable that we are going to have a failure. All of the demand data and the reasons for owning gold have improved. We all know that zero interest rates and printing money has not provided the answer and won’t provide the answer.
The only thing it does is it allows people to speculate on buying securities, but it’s not helping the economies. In fact, there are elements of the economy that are doing worse. The savers are way worse off today than they were before. They are forced to speculate in order to get returns. By speculating they are taking on greater risk.
But there is no recovery. You just have to take the comments of the various people at companies and they keep saying, ‘The consumer is tapped out here and it’s not likely that we are going to experience much growth.’ So how can you have stocks keep going up when there is no commensurate economic recovery?
But the framework for gold and silver and other precious metals to do well is more incredible today than it’s ever been. And you can have (crazy) readings in these (stock) markets -- I’ve experienced it. Going into 1999 - 2000, everyone was buying Nasdaq stocks like crazy. Ultimately the day came when the whole index crashed by 75 percent, and that’s what I think is going to happen here. The stock market is going to crack.
There is no growth and we don’t need to build more plants and equipment because things are cooling down on a worldwide basis, whether it’s China, Japan, Russia or Europe. The U.S. is flatlining at best. In fact I don’t even believe it’s flatlining, it’s probably negative. So there is not much to cheer about in terms of future earnings growth for companies.
Again, I just think that owning paper assets is the worst thing that anyone can do, and they should continue to buy and own physical metals.”
World Spot has silver in the 15s, oil is around $80.50.
Great-Kazoo
11-02-2014, 19:48
World Spot has silver in the 15s, oil is around $80.50.
When it hits $15-18 per ASE OTC, could someone add me to your purchase. My CC is in the shitter.
Think I'll wait till it hits $7. Do any of you believe it will drop back to or near that level again?
It went up when we went to the dark side....so just wait for the big purchase in 2016.
When it hits $15-18 per ASE OTC, could someone add me to your purchase. My CC is in the shitter.
When It is down to $15 per ASE, I think I will be going all-in.
Great-Kazoo
11-02-2014, 21:40
When It is down to $15 per ASE, I think I will be going all-in.
Keep me in the loop. it's my turn to commute;)
There are a couple ways to buy silver and gold, in this thread we highly recommend that you take physical possession immediately upon purchase, you may also buy shares of silver and gold.
http://buyshares.org/silver/
Virtual ownership of silver through other means such as ETFs carries unique risks as well. There are some people who believe that trusts such as the iShares Silver Trust are not overseen closely enough and that they may not in fact hold enough silver to cover all of the shares that they have sold. If this turned out to be true, it could be devastating to shareholders and to the silver market, especially in the short term.
More on Japanese QE.
Japan is further down the QE road than we are - http://www.telegraph.co.uk/finance/economics/11202675/Japan-risks-Asian-currency-war-with-fresh-QE-blitz.html; http://www.zerohedge.com/news/2014-11-02/japanese-stocks-1600-points-usdjpy-5-handles-qe-ended-kuroda-opposition-grows
The Bank of Japan is mopping up the country's vast debt and driving down the yen in a radical experiment in modern global finance
USD / JPY is at 113 this morning
Anyone looked into these, perfect for breaking off pieces if needed. Close to or near enough for bartering at smaller values.
51735
http://bullion.nwtmint.com/silver_stagecoach.php
Great-Kazoo
11-03-2014, 11:53
Anyone looked into these, perfect for breaking off pieces if needed. Close to or near enough for bartering at smaller values.
51735
http://bullion.nwtmint.com/silver_stagecoach.php
Interesting concept. However if it got to the point where PM's were needed i doubt small amounts would be the order of the day.
Anyone looked into these, perfect for breaking off pieces if needed. Close to or near enough for bartering at smaller values.
51735
http://bullion.nwtmint.com/silver_stagecoach.php
Neat, we could use those in addition to pre-1964 dimes and quarters for smaller purchases.
Neat, we could use those in addition to pre-1964 dimes and quarters for smaller purchases.
I keep a good stock of that pre 64 stuff in my stack. I really only been into ASEs and Gold Eagles recently.
sellersm
11-03-2014, 13:44
John Embry says that silver is one of the greatest opportunities available today: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/3_Silver_Is_One_Of_The_Greatest_Opportunities_In_W orld_History.html
But because the paper manipulation is beyond remarkable, silver remains as undervalued an asset as I have ever seen. As an example, in the last 135 trading days the silver price has declined in the thinly traded access market 130 times at the open. So to be clear, in the early hours of the east coast of the United States silver has declined at the opening of trading 130 out of the last 135 trading days. That is preposterous. And some of these declines have been precipitous.
This is purely manipulation by high-frequency and algorithm programs and it sets the tone for each trading day and permits the powers that be to keep the pressure on the price. This is all part of how they attempt to keep the public away from gold and silver. But gold and silver are the only real money and it remains the arch enemy of the failing fiat currency system. So the central bankers are in overdrive here trying to discredit gold and silver.
Sadly the Western governments and central banks have failed their citizens and are now trying one last time to keep things afloat. Unfortunately they are going to fail, and all investors can do as that day of failure rapidly approaches is to own physical gold and silver in order to protect themselves. This is the most dangerous time in world history, both economically and financially -- strictly on the leverage in the financial system -- and the sad truth is that I don’t even think we are going to recognize the world when this is over.”
Interesting concept. However if it got to the point where PM's were needed i doubt small amounts would be the order of the day.
If we got to the point where we need PM to trade then the value of PM will increase so 1/4 oz might be of interest.
Aloha_Shooter
11-03-2014, 15:07
So are we going back to Pieces of Eight?
So are we going back to Pieces of Eight?
In Gold? I'll take one.
hollohas
11-05-2014, 07:49
Well, anyone else see silver took a major dive last night? Almost hit $15.10 before coming back up to about $15.40 this morning. Wow.
http://www.kitco.com/images/live/silver.gif
I'm waiting for $1 /oz so I can buy a trailer full of it.
Well, anyone else see silver took a major dive last night? Almost hit $15.10 before coming back up to about $15.40 this morning. Wow.
http://www.kitco.com/images/live/silver.gif
HoneyBadger
11-05-2014, 13:13
JNUG and NUGT are too low NOT to buy... :D
JNUG and NUGT are too low NOT to buy... :D
no kidding...
HoneyBadger
11-05-2014, 14:53
Ha! I bought a few hundred dollars of JNUG and NUGT and then they each went down another 5-10%. This should be fun.
Ha! I bought a few hundred dollars of JNUG and NUGT and then they each went down another 5-10%. This should be fun.
Just a thought... with PMs so low, wouldn't mining companies be not doing so hot since they cannot sell the PMs to cover the cost of extraction?
sellersm
11-05-2014, 15:13
Just a thought... with PMs so low, wouldn't mining companies be not doing so hot since they cannot sell the PMs to cover the cost of extraction?
Yes. Victor Sperandeo says this today in his interview with King World News:
Right now we are at the breaking point for most gold mining companies. This is a place where production costs are greater than than the current price. Even Goldcorp recently reported a loss. But when mining companies start to lose money, many of them will just choose to shut down production because they will be hemorrhaging cash in order to supply the additional gold to an already robust market in terms of physical demand. Some will keep producing but they will slow production and let go of workers. This is why you always get contango markets on low-priced commodities. This happens because nobody wants to sell when prices are too low.
Yes. Victor Sperandeo says this today in his interview with King World News:
HA! That makes me feel so much less of an idiot in the economical stuff.
mightiestmouse
11-05-2014, 16:23
Just a thought... with PMs so low, wouldn't mining companies be not doing so hot since they cannot sell the PMs to cover the cost of extraction?
There is a lot more that goes into that statement. Hardly any mines in modern large scale mining will mine purely for gold and silver. The larger companies will typically pull the fine particles out through different processes of the main ore extraction. Copper mines will typically have larger gold content within the main ore body, so while the price of gold/silver might be tanking... the main mineral that is being mined will keep the operation above water.
The operations that are hurt the most are typically local, smaller companies that do not have the capital to weather the storm of mineral prices as they go through their ups and downs.
Here is an example (albeit a large one) of how a mining operation functions on copper production with gold/silver being byproducts that are worth processing from the large amounts that can be recovered and the relatively high price (at least for gold right now) they can be sold at on the market. If you have 3 commodities working for you... typically you will be processing one (or 2) for free while only paying for the actual extraction of one.
http://en.wikipedia.org/wiki/Grasberg_mine
hollohas
11-05-2014, 16:47
Down, down, down. $15.30
But...
Nov 5 (Reuters) - The U.S. Mint said on Wednesday it has temporarily sold out of its American Eagle silver bullion coins following "tremendous" demand in the past several weeks.
http://www.reuters.com/article/2014/11/05/usa-mint-silver-coins-idUSL1N0SV2RP20141105
JNUG and NUGT are too low NOT to buy... :D
Don't do it, man.
[Coffee]
HoneyBadger
11-05-2014, 22:08
Don't do it, man.
[Coffee]
Give me a good reason why not! ;)
JNUG and NUGT are too low NOT to buy... :D
Man, I hope you loaded up yesterday. I was going to buy some but my brokerage account was locked out due to suspicious behavior (VPN). Got it unlocked today but I'm hesitant to buy at the moment.
HoneyBadger
11-06-2014, 15:05
I just got a little of each. JNUG at 3.24 and NUGT at 10.60. I didn't know how long they would keep dropping like that, so I just got in when I could. I'll be holding them for a while, just like I'm buying silver and gold for the long term.
I'm mostly into UGAZ at the moment. I got a whole bunch of it at 11.25/share on Oct 20th. It's currently climbing like crazy. It's very tempting to sell right now...
Back to gold and silver though... I think I'll buy some more silver if it drops below 15.
I just got a little of each. JNUG at 3.24 and NUGT at 10.60. I didn't know how long they would keep dropping like that, so I just got in when I could. I'll be holding them for a while, just like I'm buying silver and gold for the long term.
I'm mostly into UGAZ at the moment. I got a whole bunch of it at 11.25/share on Oct 20th. It's currently climbing like crazy. It's very tempting to sell right now...
Back to gold and silver though... I think I'll buy some more silver if it drops below 15.
Nice!!! I sold my DUST at $30 and I've been kicking myself, but I never thought it would continue to fall for this long. I'd like to go back into DUST or NUGT but they're not for the faint of heart. :) I'm going to keep buying physical, the kids are having a great time filling the quarter books with pre-65 qtrs. I need to make another buy and then I'll sell a bunch of the dups here. Might as well make it fun for the kids too. :)
I just got a little of each. JNUG at 3.24 and NUGT at 10.60. I didn't know how long they would keep dropping like that, so I just got in when I could. I'll be holding them for a while, just like I'm buying silver and gold for the long term.
I'm mostly into UGAZ at the moment. I got a whole bunch of it at 11.25/share on Oct 20th. It's currently climbing like crazy. It's very tempting to sell right now...
Back to gold and silver though... I think I'll buy some more silver if it drops below 15.
Nicely done!
Probably old news but I'd never scene these before tonight, I think they're pretty cool -
Silver Bullets - http://www.jmbullion.com/silver/silver-bullets/
Probably old news but I'd never scene these before tonight, I think they're pretty cool -
Silver Bullets - http://www.jmbullion.com/silver/silver-bullets/
Those are cool and all but I try to think. If there was no currency that I trusted or no currency at all, and some dude came up to me with those for trade, and another guy wanted to trade me for the same weight in ASEs... I wonder what I would take. And, would I be worried about the next guy who I wanted to trade my "silver bullets" for something I needed... would there be another guy next to me trying to get what I wanted but what he had to trade were ASEs? hmmm...
Those are cool and all but I try to think. If there was no currency that I trusted or no currency at all, and some dude came up to me with those for trade, and another guy wanted to trade me for the same weight in ASEs... I wonder what I would take. And, would I be worried about the next guy who I wanted to trade my "silver bullets" for something I needed... would there be another guy next to me trying to get what I wanted but what he had to trade were ASEs? hmmm...
Novelty items are cool, ASEs are practical and ASEs/junk are your best bet if you plan on barter.
Those are cool and all but I try to think. If there was no currency that I trusted or no currency at all, and some dude came up to me with those for trade, and another guy wanted to trade me for the same weight in ASEs... I wonder what I would take. And, would I be worried about the next guy who I wanted to trade my "silver bullets" for something I needed... would there be another guy next to me trying to get what I wanted but what he had to trade were ASEs? hmmm...
I agree but if anyone has one of the 30mm silver shells I'll give you $1500 tomorrow. :)
Firehaus
11-06-2014, 21:33
Should I get ase or maple leafs? Does it matter?
Sent from my iPhone
Should I get ase or maple leafs? Does it matter?
Sent from my iPhone
I think either would be widely recognized. I tend to think worst case scenario. No technology, no internet. After all the stupid people are dead and or have become manual laborers the people who have researched the "what-if's" will recognize your barter or have learned about the more widely utilized barter items.
I'm just saying if you had to "rack and stack" what would be more widely accpeted... I am thinking...
Junk silver (smaller purchases)
Silver ASEs
Other country's coinage (maple leafs, Silver Pesos, Krugerrand, etc)
Private Mint Coins/bars.
etc, etc.
I guess I better not get too much off topic. We are delving a little more into the "survival/preparedness" part of all this. [panic]
4runner freak
11-07-2014, 10:00
Where do you pick up junk silver? Paying more over spot for junk silver vs. ASEs doesn't make sense.
Firehaus
11-07-2014, 10:24
I think either would be widely recognized. I tend to think worst case scenario. No technology, no internet. After all the stupid people are dead and or have become manual laborers the people who have researched the "what-if's" will recognize your barter or have learned about the more widely utilized barter items.
I'm just saying if you had to "rack and stack" what would be more widely accpeted... I am thinking...
Junk silver (smaller purchases)
Silver ASEs
Other country's coinage (maple leafs, Silver Pesos, Krugerrand, etc)
Private Mint Coins/bars.
etc, etc.
I guess I better not get too much off topic. We are delving a little more into the "survival/preparedness" part of all this. [panic]
Thanks for the info! I saw that maple leafs were a little cheaper and something about anti counterfeiting measures in the new design. Peaked my interest!
Sent from my iPhone
Where do you pick up junk silver? Paying more over spot for junk silver vs. ASEs doesn't make sense.
I get my stuff at Provident. I pay a little more for Junk because I store it for different reasons. My reasoning is that I am going to need a smaller denomination of "real money" some day. and rather chopping up peices of ASEs, I will be prepared for when someone wants to barter in pre 65 coins. So for what I want I'll pay more.
hghclsswhitetrsh
11-07-2014, 10:32
Where do you pick up junk silver? Paying more over spot for junk silver vs. ASEs doesn't make sense.
There's a couple guys just south and easy of dad's wholesale table at the tanner gun show. They are nice guys and explain the method to price on junk silver.
Where do you pick up junk silver? Paying more over spot for junk silver vs. ASEs doesn't make sense.
I get my stuff at Provident. I pay a little more for Junk because I store it for different reasons. My reasoning is that I am going to need a smaller denomination of "real money" some day. and rather chopping up peices of ASEs, I will be prepared for when someone wants to barter in pre 65 coins. So for what I want I'll pay more.
I also don't care about "being tracked" There is no way that I can be totally incognito about my lifestyle anyways. I am sure my purchases/posts/email is all going somewhere to be tracked anyways. My phone for cripes sake knows more about me than I do. So if it gets to the point where they are going door to door and seizing silver/gold/preps/ammo/guns, we got a bigger problem, and I am hopefully prepared enough to meet that challenge.
Thanks for the info! I saw that maple leafs were a little cheaper and something about anti counterfeiting measures in the new design. Peaked my interest!
Sent from my iPhone
I am not an expert, but that is how I see it. You have to think about what more people will recognize in a low tech world. If you are trying to barter in the U.S. won't U.S. coinage me more recognized? Let's say there is no more exchanges or stocks, or USD anymore, and someone wants to give you an ounce of silver for your bottle of Jack. Let's say you are presented with an ASE by one guy, and a 1oz silver bar that has pandas or dragons on it and you don't recognize the maker? Who would you give your bottle of jack to? You can "rack-and-stack" what you store or buy based off of little scenarios like that.
BUT, if you don't believe we are ever going to get to that point, and the USD and world economy is going to be just fine, then get your silver and gold the cheapest way you can.
EDIT: I am going to the tanner for the first time ever this weekend. Maybe I'll pick someone out. :-D
sellersm
11-07-2014, 11:53
Should I get ase or maple leafs? Does it matter?
Some folks say the extra purity in the maple leaf is a good thing (.9999 vs .999). Others say that the actual denominational value of the coins means something. If you look back in this thread, you'll see a youtube video posted by me of an interview with some guys talking about expatriating, and when their friends/families left the country, the new country only honored the value of the coin as it was denominated (NOT the gold/silver content), or the "face value" in other words...
At the end of the day, it's up to you. I have both and will continue to acquire both...
sellersm
11-07-2014, 11:54
Here's an interesting view of what may be coming (or, more of what's already here) in forced wealth transfer:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/7_Worried_About_Gold___Silver_Smash_-_This_Is_Truly_Terrifying.html
Here's a snippet:
We expect that financial repression as well as wealth taxes in various facets will increasingly gain in importance in coming years. We believe this to be a disastrous strategy, as the redistribution will merely buy time, while the structural problems remain unsolved. King World News note: This is an incredibly ominous warning from Stoferle and I suggest all KWN readers around the world take it very seriously while there is still time.
Here's an interesting view of what may be coming (or, more of what's already here) in forced wealth transfer:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/7_Worried_About_Gold___Silver_Smash_-_This_Is_Truly_Terrifying.html
Here's a snippet:
FORCED Redistibution of wealth... Then they start dipping (Social Security is nothing left but IOUs) into people's 401k's (because it is not fair for the working folks to be able to save for retirement and the folks that spend a life mooching off the system cannot save), etc etc
sellersm
11-07-2014, 12:08
FORCED Redistibution of wealth... Then they start dipping (Social Security is nothing left but IOUs) into people's 401k's (because it is not fair for the working folks to be able to save for retirement and the folks that spend a life mooching off the system cannot save), etc etc
FIFY.
Should I get ase or maple leafs? Does it matter?
Sent from my iPhone
I always say ASEs because anyone who has/will deal in silver will know what those are. You won't have to explain some foreign coin or a commie panda.
sellersm
11-07-2014, 13:20
Interesting look at hyper-printing of $100 bills and Gold: http://srsroccoreport.com/hyper-printing-the-100-federal-reserve-fiat-note-vs-gold/hyper-printing-the-100-federal-reserve-fiat-note-vs-gold/
Snippet:
When (not if) the U.S. Fiat Monetary System collapses, anyone holding onto twelve $100 Federal Reserve Notes would have a net worth of $1.56 in printing cost. Compare that to the estimated $1,100-$1,200 an ounce cost for gold.
I would bet my bottom Silver Dollar that when faith in holding U.S. Federal Reserve Notes heads into the toilet, it would be much wiser to own REAL MONEY than the monopoly paper printed by the MoneyFactory.gov (http://moneyfactory.gov/home.html).
There's a couple guys just south and easy of dad's wholesale table at the tanner gun show. They are nice guys and explain the method to price on junk silver.
Yes, those are good guys too and they are there on Sunday, the Silver Guy is only there on Saturday. There is another gentleman on the north side a couple rows east of Dad's too.
Some folks say the extra purity in the maple leaf is a good thing (.9999 vs .999). Others say that the actual denominational value of the coins means something. If you look back in this thread, you'll see a youtube video posted by me of an interview with some guys talking about expatriating, and when their friends/families left the country, the new country only honored the value of the coin as it was denominated (NOT the gold/silver content), or the "face value" in other words...
At the end of the day, it's up to you. I have both and will continue to acquire both...
And still others that won't touch them due to milk spots...
sellersm
11-07-2014, 16:52
And still others that won't touch them due to milk spots...
Ahhh yes, the dreaded milk spots!
Sent from my fat fingers using Tapatalk
beast556
11-07-2014, 17:09
I never understood the whole milk spots thing. Maple leafs are not numismatic coins. An oz of silver is an oz of silver no matter how you look at it. I guess its like the guys that put on cotton gloves to look at regular ase's like they are something special.
Some folks say the extra purity in the maple leaf is a good thing (.9999 vs .999). Others say that the actual denominational value of the coins means something. If you look back in this thread, you'll see a youtube video posted by me of an interview with some guys talking about expatriating, and when their friends/families left the country, the new country only honored the value of the coin as it was denominated (NOT the gold/silver content), or the "face value" in other words...
At the end of the day, it's up to you. I have both and will continue to acquire both...
Sweet, then I should do that and get rich..... I have Trillion Dollar silver bars.
http://www.coin-rare.com/12-oz-silver-bars.aspx
Or not...
Sweet, then I should do that and get rich..... I have Trillion Dollar silver bars.
http://www.coin-rare.com/12-oz-silver-bars.aspx
Or not...
Yeah!! Great idea!! Fiat silver, it is worth whatever you say it is. Just like Wall Street. Now where is my melting thingy.
sellersm
11-12-2014, 17:23
Interesting chart & view of Gold's future: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/12_The_Remarkable_Chart_Every_Gold_%26_Silver_Inve stor_Must_See.html
BushMasterBoy
11-12-2014, 18:35
You can't live off your PM's stack, but can trade it for land!
Fentonite
11-12-2014, 19:35
Free 1oz Copper "bullets".
The first 5 members (who have contributed to this thread) to PM me with their mailing address will get a replica 5.56 round, cast in 1oz pure copper. Free, no strings.
http://www.jmbullion.com/1-oz-copper-bullet-ar-15/
patrick0685
11-12-2014, 23:42
Free 1oz Copper "bullets".
The first 5 members (who have contributed to this thread) to PM me with their mailing address will get a replica 5.56 round, cast in 1oz pure copper. Free, no strings.
http://www.jmbullion.com/1-oz-copper-bullet-ar-15/
nice...i too enjoy the thread, i learned of comparesilverprices.com from it
Fentonite
11-13-2014, 13:12
Last call.
Free 1oz Copper "bullets".
The first 5 members (who have contributed to this thread) to PM me with their mailing address will get a replica 5.56 round, cast in 1oz pure copper. Free, no strings.
http://www.jmbullion.com/1-oz-copper-bullet-ar-15/
Last call.
Well hell's bells. Free is Free. PM inbound if you're not getting any takers.
Fentonite
11-13-2014, 14:08
All copper rounds have been claimed! [Beer]
Just realized - was this a way to gain home addresses of PM stackers?
[tinhat]
[Beer]
BushMasterBoy
11-13-2014, 15:41
^^^ In basic training, I was the only one to qualify with the M-16.
I saw his post early this morning but I didn't want to give him my address just for a $2 piece of copper :) but thanks anyway Fentonite.
Great-Kazoo
11-13-2014, 16:21
I saw his post early this morning but I didn't want to give him my address just for a $2 piece of copper :) but thanks anyway Fentonite.
Felt is was one of those Receive free gimicks. By the time i realized it was a board member and not the link giving them away, it was too late.
4runner freak
11-13-2014, 16:33
I saw his post early this morning but I didn't want to give him my address just for a $2 piece of copper :) but thanks anyway Fentonite.
With 5 years here and 1,936 posts, fighting on the civil rights side, no worries.
Russia buying up gold
http://www.telegraph.co.uk/finance/commodities/11226240/Putin-stockpiles-gold-as-Russia-prepares-for-economic-war.html
The latest research from the World Gold Council reveals that the Kremlin snapped up 55 tonnes of the precious metal - far more than any other nation - in the three months to the end of September as prices began to weaken.
In total, central banks around the world bought 93 tonnes of the precious metal in the third quarter, marking it the 15th consecutive quarter of net purchases. In its report, the World Gold Council said this was down to a combination of geopolitical tensions and attempts by countries to diversify their reserves away from the US dollar.
http://i.telegraph.co.uk/multimedia/archive/03104/gold_3104084c.jpg
sellersm
11-13-2014, 16:48
Felt is was one of those Receive free gimicks. By the time i realized it was a board member and not the link giving them away, it was too late.
Aha, reading comprehension snafu yet again! Or was it the receding hairline? Or...??? [Coffee] [LOL]
So ISIS is going to mint its own PM coins. Apparently the Gold peice will be worth 1 dinar.
With ISIS not actually being recognized as a country I am not sure how that is going to work as far a exchange rates, etc.
Great-Kazoo
11-13-2014, 18:11
Aha, reading comprehension snafu yet again! Or was it the receding hairline? Or...??? [Coffee] [LOL]
A combo of both Old Timers AND below freezing temps able to reach the cranial area faster, due to less insulation.
Fentonite
11-14-2014, 01:17
Just realized - was this a way to gain home addresses of PM stackers?
[tinhat]
[Beer]
Ha! No, but when your package arrives, you might want to check it for hidden cameras! [Evil]
I saw his post early this morning but I didn't want to give him my address just for a $2 piece of copper :) but thanks anyway Fentonite.
heck Sawin, you already have my address, from when you donated to my USMC Memorial fundraiser! [Tooth]
With 5 years here and 1,936 posts, fighting on the civil rights side, no worries.
Pure wisdom right there![Angel1]
All the the trinkets should be delivered by early next week. Lemme know if they don't show up.
heck Sawin, you already have my address, from when you donated to my USMC Memorial fundraiser! [Tooth]
haha I guess you're right. I've dealt with so many members here over the last few years, I can't keep them all straight anymore :).
hollohas
11-14-2014, 09:55
WTF?
Down to 15.20 overnight. But then what's the deal with this crazy spike?
52323
Gold did the same thing. What happened at 10AM?
52325
Look back at all the data and it always drops when the USA is asleep. You can buy silver and gold at any time so stay up late and hit the buy now when the time is right.
BushMasterBoy
11-14-2014, 11:07
I predict a upward trend to $39. Based on a composite review of other PM forums. I have considered other factors too, Ebola,politics,WX etc.
hollohas
11-14-2014, 11:10
I know it drops overnight each day and comes back up in the morning...but today's 10 am spike is out of the ordinary.
BushMasterBoy
11-14-2014, 12:25
I know it drops overnight each day and comes back up in the morning...but today's 10 am spike is out of the ordinary.
I emailed this...
https://www.youtube.com/watch?v=EYsNY0LTUVw
hollohas
11-14-2014, 12:45
Up, up, UP. Up a full $1 since morning low.
hollohas
11-19-2014, 09:54
Silver just took a big hit...very strange.
52521
Zerohedge has a theory...
http://www.zerohedge.com/news/2014-11-19/commodities-are-crumbling-gold-fixing-or-another-fed-minutes-leak
52523
BushMasterBoy
11-19-2014, 10:55
The end of the G20 meeting and many conflicts resolved caused a dip. Economy of Japan has a recessive forecast. Plus my flu fever just broke...
Japan is a bigger mess than USA or EU. Japan might be our leading indicator so I watch it a little.
USD / JPY is at 117.69 and climbing. People are selling Yen and buying USD. Since oil is much less expensive than it was a month ago and oil is still traded in the petrodollar. I wonder if countries are selling other currencies to buy dollars so they can buy oil on the cheap.
sellersm
11-19-2014, 14:44
Time to buy gold: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/19_Man_Who_Made_Legendary_Call_In_Silver_Exposes_B IS_%26_Gold.html
I think what is actually happening is that the BIS (Bank for International Settlements) has set up a swap arrangement so that should the actual day come where there was a ‘Yes’ outcome, the Swiss will already have a significant amount of metal that they can take in. This is part of the reason why lease rates have gone negative.
So in some ways it’s not surprising that the market was pushed lower. But gold immediately found some serious demand out of the usual suspects in Asia, primarily India and China. And so the market quickly rebounded back up near the $1,200 area. So it’s been difficult for them to hold the market down, and obviously with the lease rates going negative, that’s put a bid into the market.
But should a ‘No’ vote result, it’s quite possible that we will get another chance to buy this market at lower prices. However, as I said, the sentiment is so awful and everyone keeps projecting lower and lower prices, so this is not the time to get cute. Investors need to be completely accumulating if not all, at least 50 percent of any holdings in gold that you want to acquire. As I said at the start, it’s the only asset class in the world where the risk of a 10 percent loss is probably all you can see, and at the same time the upside is staggering.”
sellersm
11-20-2014, 11:56
And an interesting view on benefits of holding PMs: http://goldsilverworlds.com/investing/secret-advantage-of-holding-physical-gold-and-silver/
sellersm
11-20-2014, 14:31
And here's a bullish view on silver: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/20_Is_The_Price_Of_Silver_Really_Headed_Over_$250. html
BushMasterBoy
11-20-2014, 14:54
I'm sure a technological breakthrough will require large amounts of silver. Most likely in the aerospace industry! 28 APRIL 2011 silver price was $48.58, I would have sold but capital gains tax @ 28% and nowhere sure enough to reinvest, I held on. I really don't care what happens, as as I have fun...
Great-Kazoo
11-20-2014, 15:51
I'm sure a technological breakthrough will require large amounts of silver. Most likely in the aerospace industry! 28 APRIL 2011 silver price was $48.58, I would have sold but capital gains tax @ 28% and nowhere sure enough to reinvest, I held on. I really don't care what happens, as as I have fun...
How does anyone know unless it's OOS sales?
BushMasterBoy
11-20-2014, 16:00
How does anyone know unless it's OOS sales?
The .gov would LOVE to own me. My life is bad enough as it is. Ask Rich Wyatt about stiffing the IRS...
Currency is an investment right? Just say you are reinvesting in USD.
Currency is an investment right? Just say you are reinvesting in USD.
Good one. :)
I am seriously thinking about getting INVERSE crude oil ETF, and go LONG ETF afterward.
I seriously enjoying the gas price right now.
Yup, Brent is at $79.46 and WTI is at $75.78, WTI has been under $75 within the last week.
sellersm
11-25-2014, 13:55
Keep buying and stacking! http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/25_World_Headed_For_Massive_Chaos_As_Next_Crisis_S et_To_Unfold.html
BushMasterBoy
11-25-2014, 14:45
I added a couple kilos of AG ingots this month.
I added a couple kilos of AG ingots this month.
70ish oz of gold this month? Your life must suck.
BushMasterBoy
11-25-2014, 16:27
No I added silver (AG) not gold (AU). Eventually I'll trade for real estate, that will produce AG & AU. That's the plan anyways. If the climate doesn't change drastically and the price doesn't plunge...
No I added silver (AG) not gold (AU). Eventually I'll trade for real estate, that will produce AG & AU. That's the plan anyways. If the climate doesn't change drastically and the price doesn't plunge...
Doh, I know AG vs. AU just totally got my wires crossed scanning the thread really fast at work. I have the same plan ;)
Great-Kazoo
11-25-2014, 18:35
I added a couple kilos of AG ingots this month.
2.2lbs = 1kilo, you must be rollin heavy be buying kilos.
kidicarus13
11-26-2014, 00:20
Keep buying and stacking! http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/25_World_Headed_For_Massive_Chaos_As_Next_Crisis_S et_To_Unfold.html
King World News is to gold and silver as Info Wars is to conspiracy theories.
King World News is to gold and silver as Info Wars is to conspiracy theories.
+1... but sometimes they might be on to something... again I say sometimes.
sellersm
11-26-2014, 18:54
King World News is to gold and silver as Info Wars is to conspiracy theories.
That's kind of funny since most of what they publish is quoted from the interviewees' own newsletters. And their interviewees are generally the top people in the field... But we all have our own opinions and are free to vote with our feet (or mouse)! 'Murica!!! [Flower]
patrick0685
11-28-2014, 11:46
silver is down and silver.com is running a special on 10 oz bar for .69 over spot
beast556
11-28-2014, 11:55
Metals have been all over the place lately. I have been noticing all the big sites have been offering real good deals lately
Wow, pm down today and WTI is down to $67 a barrel.
silver is down and silver.com is running a special on 10 oz bar for .69 over spot
Where do you see the special? I'm not finding it on their site.
Thx
BushMasterBoy
11-28-2014, 15:51
JM bullion has .89 over spot on Kilo bars (32.15 ozt) free shipping, I should have waited
I am seriously thinking about getting INVERSE crude oil ETF, and go LONG ETF afterward.
I seriously enjoying the gas price right now.
Yup, Brent is at $79.46 and WTI is at $75.78, WTI has been under $75 within the last week.
YIPPIE!!!!! :)
Probably go long ETF or ETF 2x around Jan/Feb 15.
Crude Oil Feb 15 (CLG15.NYM)
66.26 -7.50(10.17%) NY Mercantile - As of 1:44PM EST
http://finance.yahoo.com/echarts?s=CLG15.NYM+Interactive#%7B%22scale%22%3A% 22linear%22%7D
Check Provident this weekend fellas. They are running a special on silver Eagles.
$17.90/ea
patrick0685
11-28-2014, 22:51
Where do you see the special? I'm not finding it on their site.
Thx
sorry just got back from work...if you went to there website and clicked on 10oz bars it was there
Check Provident this weekend fellas. They are running a special on silver Eagles.
$17.90/ea
Not bad, wish they would do $.50 over spot or something though!
Great-Kazoo
11-28-2014, 23:00
Not bad, wish they would do $.50 over spot or something though!
wish they'd take cash transactions. CC's are paper trails i don't like. Especially since i just purchased 100 uppers from psa [ROFL2]
wish they'd take cash transactions. CC's are paper trails i don't like. Especially since i just purchased 100 uppers from psa [ROFL2]
Well ill there is enough left over for you. I got a semi load worth headed my way!
wish they'd take cash transactions. CC's are paper trails i don't like. Especially since i just purchased 100 uppers from psa [ROFL2]
I recently was on the phone with a person who was a few supervisors up the ladder (had a few recent issues with a couple orders, but they came through as expected on them). and I asked a few questions. Because of the threat of hackers' ability to hack retailers and such, they do not keep any payment information (ACH/CC/etc). However, they do keep past order info.
wish they'd take cash transactions. CC's are paper trails i don't like. Especially since i just purchased 100 uppers from psa [ROFL2]
850 oz of aluminum! Let's see, with machining value added, that's worth about $10.58/oz (retail)
Silver had a big drop at open. 14.50 now. eagles are below 17 on provident.
Silver Rounds $15.xx
http://www.providentmetals.com/mercury-dime-1-oz-999-fine-silver-bullion-round-14517.html
PMs are up this morning, USD/JPY hit 119 overnight, oil is still around $66 for WTI. Pump price will come down a little.
I hate lawyers. All my PM money is going to them right now. I did get to buy a 1/10 oz gold eagle though, Sunday night when it went down.
Every little bit helps!
Where is the best local place to buy? I tried buying some from provident last night and it kept blowing me out
Dave's on Broadway, next to Rocky Mountain Coin.
hollohas
12-01-2014, 14:40
Silver prices today = Biggest single day, positive swing EVER.
http://www.zerohedge.com/news/2014-12-01/silver-soars-17-intraday-lows-biggest-swing-record-gold-tops-1210-70-lows
Boy am I glad I bought all that oil stock on Wed last week. [fail]
sellersm
12-04-2014, 10:41
Here's one reason why the oil price is so important: http://theeconomiccollapseblog.com/archives/plummeting-oil-prices-destroy-banks-holding-trillions-commodity-derivatives
HoneyBadger
12-04-2014, 10:46
My Natural Gas futures have gone in the toilet over the last two weeks... Bummer. I'm in for a long haul, but I suspect that this big drop is directly related to the drop in oil prices.
Grizzly Firearms
12-04-2014, 11:11
The traditional valuation of silver to gold is 1:15 (gold prices should be 15 times higher than silver) based on the raw amount of resources available globally. The current price of gold is $1209 / oz, silver is $16.64 / oz. That's a ratio of 73:1.
So... Either silver has a lot of appreciation potential, or gold has a lot of depreciation potential. The reality is probably somewhere in the middle, but I would bet that silver will rise and gold will hold the $1000 price point. And I have heard that the Chinese are buying up tons of silver, which should cause price appreciation because silver is used in so many different applications globally.
I would say being long silver is a good bet. Not so confident in gold holding the $1200 price point....
This is one of the results of QE in China....hmmmmm same thing happened here. Gee I wonder why they did it. /sarc.
http://www.zerohedge.com/news/2014-12-04/chinese-stocks-41-unleashing-qe-margin-trading-doubles
A funny thing happened in China in July. (http://www.zerohedge.com/news/2014-07-28/chinas-qe)Ever so quietly, and with little aplomb, the PBOC unleashed CNY 1 trillion of 'Pledged Supplementary Lending' (PSL) to China Development Bank - later dubbed "QE-Lite." Economic indicators temporarily blipped higher, a new recovery was proclaimed by the masses, and the world fell back into its stupor... despite the post-credit-impulse hangover which has seen Chinese data collapse in the last 2 months. But that did not stop speculators... tired of betting on Chinese real estate (which never goes down), the 'signal' of QE has sparked a stunning 41% surge in Chinese stocks since PSL (and boosted by the recent rate cut).
BushMasterBoy
12-04-2014, 11:34
Silver just had the biggest price rise in its history over the last weekend. Over 17%! Coincided with a referendum in Switzerland to back 20% of all bank deposits with gold. The vote failed.
Silver just had the biggest price rise in its history over the last weekend. Over 17%! Coincided with a referendum in Switzerland to back 20% of all bank deposits with gold. The vote failed.
Percentage wise yes but that bit of news is meaningless b/c silver was so low to begin with. It is easy to exceed previous upticks in percentage when the basis is low.
The Swiss caved to their central bankers...gold and sliver have no value, just ask any central banker.
...and after being down nearly 100 points earlier today the DOW is in positive territory partially based on this little gem from the European Central Bank.
*ECB SAID TO PREPARE BROAD-BASED QE PACKAGE FOR JANUARY MEETING
http://www.zerohedge.com/news/2014-12-04/here-comes-stick-save-ecb-qe-coming-headline-sends-stocks-new-record-high
PMs up this morning, USD/JPY lost 2 points, oil is up a tic.
http://finviz.com/forex.ashx
Interesting:
http://pro.moneymappress.com/MMRBSSH39PPM2/PMMRQBAP/?iris=302370&h=true
PMs stayed up all day, they're kinda flat on the World Spot now.
sellersm
12-10-2014, 12:37
Here we go, starting to mess with retirement plans! http://www.msn.com/en-us/money/retirement/deal-reached-to-allow-pension-plans-to-cut-benefits/ar-BBgAimc?ocid=iehp
Snippet:
A bipartisan group of congressional leaders reached a deal Tuesday evening that would for the first time allow the benefits of current retirees to be severely cut (http://www.washingtonpost.com/business/economy/congress-could-soon-allow-pension-plans-to-cut-benefits-for-current-retirees/2014/12/03/62e5112a-7b0c-11e4-9a27-6fdbc612bff8_story.html), part of an effort to save some of the nation’s most distressed pension plans.
The measure, attached to a massive $1.01 trillion spending bill, would alter 40 years of federal law and could affect millions of workers, many of them part of a shrinking corps of middle-income employees in businesses such as trucking, construction and supermarkets.
Here we go, starting to mess with retirement plans! http://www.msn.com/en-us/money/retirement/deal-reached-to-allow-pension-plans-to-cut-benefits/ar-BBgAimc?ocid=iehp
Snippet:
I wouldn't be surprized if in the near future they start eyeing 401Ks. That is a big chunk of money that could be very tempting to legislate borrowing from just like Social Security. They cannot legislate away my PMs that I wish I had. LOL
sellersm
12-10-2014, 12:57
I wouldn't be surprized if in the near future they start eyeing 401Ks. That is a big chunk of money that could be very tempting to legislate borrowing from just like Social Security. They cannot legislate away my PMs that I wish I had. LOL
Me neither. I think it's already on their radar...
Sent from my fat fingers using Tapatalk
Here we go, starting to mess with retirement plans! http://www.msn.com/en-us/money/retirement/deal-reached-to-allow-pension-plans-to-cut-benefits/ar-BBgAimc?ocid=iehp
Snippet:
Definitely a hard decision there, but not doing anything just ensures retirees who are funded by the plans that are "in imminent danger of running out of money", will lose all of their income...
"The idea is reluctantly supported by some unions and retirement fund managers who see it as the only way to salvage pensions in plans that are in imminent danger of running out of money."
Are you implying they shouldn't be allowed to do anything to change the structure of these dying pension funds?
sellersm
12-10-2014, 13:12
Are you implying they shouldn't be allowed to do anything to change the structure of these dying pension funds?
Not necessarily... I don't believe in "the ends justify the means", but I know there aren't any easy solutions. I'm upset that this mess was allowed to happen in the 1st place. I see this as writing on the wall for what's coming to a retirement plan near you. It's another example of the selfish, greedy, sinful nature of man rearing its ugly head. There's no way this will end well, and that's their plan.
It appears that these pensions were planned on the idea that markets only go up, that employment is constant, that wages only go up...the planners were WAY off base and didn't account for reality.
401Ks are definitely on the radar, they've been going up with all the QE and FedGov wants it's share RIGHT NOW. Unfortunately I cannot find anything to support my position except history - what are one of the things totalitarians do, yes, seizure of assets held by the people.
Cui bono? Welfare rats and 'crats until FedGov stops loading those EBT cards and doing direct deposits.
If you work, if you're a producer, if you're a contributor to society, you're the target. From each according to his ability (that's YOU mister producer), to each according to his need (welfare rats and 'crats).
It appears that these pensions were planned on the idea that markets only go up, that employment is constant, that wages only go up...the planners were WAY off base and didn't account for reality.
401Ks are definitely on the radar, they've been going up with all the QE and FedGov wants it's share RIGHT NOW. Unfortunately I cannot find anything to support my position except history - what are one of the things totalitarians do, yes, seizure of assets held by the people.
Cui bono? Welfare rats and 'crats until FedGov stops loading those EBT cards and doing direct deposits.
If you work, if you're a producer, if you're a contributor to society, you're the target. From each according to his ability (that's YOU mister producer), to each according to his need (welfare rats and 'crats).
As soon as the first bill get introduced and get s some attention I'm pulling out of my 401K, penalty or not.
Not necessarily... I don't believe in "the ends justify the means", but I know there aren't any easy solutions. I'm upset that this mess was allowed to happen in the 1st place. I see this as writing on the wall for what's coming to a retirement plan near you. It's another example of the selfish, greedy, sinful nature of man rearing its ugly head....
I agree with you there... The fact that it happened to begin with is just another symptom of the long-time-running ineptitude in our country and the fact that "you just can't find good help these days"... by and large, folks just don't read between the lines or put themselves in their clients/customers shoes anymore, so they're willfully negligent IMO.
As soon as the first bill get introduced and get s some attention I'm pulling out of my 401K, penalty or not.
Yup, if you cannot stand over it with your AR15 you do not own it.
Calling investments with Wall Street "yours" is the same thing as calling the Denver Broncos "your" team. It ain't your team and it ain't your money because someone else has actual possession of it.
sellersm
12-10-2014, 17:54
Yup, if you cannot stand over it with your AR15 you do not own it.
Calling investments with Wall Street "yours" is the same thing as calling the Denver Broncos "your" team. It ain't your team and it ain't your money because someone else has actual possession of it.
It's now that way with the $$ in your bank! We, the depositors, are now considered "unsecured creditors", thanks to the recent G20 summit! Gotta love it... Coffee cans & mattresses look better every day.
One article that explains:http://bilbo.economicoutlook.net/blog/?p=29645
Pertinent quote:
So ordinary depositors will become unsecured creditors (the largest group for a deposit-taking institution) under the new laws enacted in the G20 nations. The resolution process (that is, the bankruptcy procedure) would see deposits confiscated and turned into equity or liquidated to pay off secured debtors.
It's now that way with the $$ in your bank! We, the depositors, are now considered "unsecured creditors", thanks to the recent G20 summit! Gotta love it... Coffee cans & mattresses look better every day.
One article that explains:http://bilbo.economicoutlook.net/blog/?p=29645
Pertinent quote:
Yes! Then the bail-ins start, the government says to the bank, "you may confiscate deposits to make yourself whole" so the bank does it and you wake up with 25% less money than you had yesterday. In Cyprus everyone whose account held X+1 got the haircut, if your account held X-1 you were still whole.
One of the reasons this hasn't happened in these United States is because there are 400 million guns in the hands of 80-100 million people. Hitler, Stalin, and Mao were ahead in that game because the citizens of their countries didn't have the huge gun culture we have in this country.
It's now that way with the $$ in your bank! We, the depositors, are now considered "unsecured creditors", thanks to the recent G20 summit! Gotta love it... Coffee cans & mattresses look better every day.
One article that explains:http://bilbo.economicoutlook.net/blog/?p=29645
Pertinent quote:
Plan accordingly. :)
Aloha_Shooter
12-10-2014, 23:12
It's now that way with the $$ in your bank! We, the depositors, are now considered "unsecured creditors", thanks to the recent G20 summit! Gotta love it... Coffee cans & mattresses look better every day.
One article that explains:http://bilbo.economicoutlook.net/blog/?p=29645
Pertinent quote:
Unfortunately, not really new. This started with the way the Obama Administration and Chicago Mercantile Exchange let Jon Corzine raid depositor accounts so he could pay off J.P. Morgan.
sellersm
12-11-2014, 08:09
Unfortunately, not really new. This started with the way the Obama Administration and Chicago Mercantile Exchange let Jon Corzine raid depositor accounts so he could pay off J.P. Morgan.
Yep. This has been in the IMF playbook for a long time.
Sent from my fat fingers using Tapatalk
Trouble in Russia (and here).
http://www.barnhardt.biz/2014/12/16/extremely-ominous-russias-central-bank-just-raised-interest-rates-to-17/
Yesterday, Russian interest rates were at 10.5%, which sounds almost incomprehensibly high to those of us who have been living in the world of ZIRP (Zero Interest Rate Policy) for the past six years. Well, overnight, the Russian Central Bank raised interest rates 650 basis points in one shot – to 17%.
Rooskibar03
12-16-2014, 10:19
Oil headed for $50 a barrel. Russia is a mess. gold dropped 30 an ounce this morning. What's next.
Im sitting on a sizable amount of cash right now but I also have nearly 30k worth of gold bought 2 years ago at north of 1300 an ounce so it's lost considerable value.
I don't want to tie up everything I have now in PM but would 30% be a good amount to starting throwing at it?
hollohas
12-16-2014, 10:22
Trouble in Russia (and here).
http://www.barnhardt.biz/2014/12/16/extremely-ominous-russias-central-bank-just-raised-interest-rates-to-17/
Ruble is tanking too. Hit 80 for a moment last night. The rate hike didn't help.
Middle eastern markets are suffering as well. Some down 40% from highs this year, 8% in 24 hours...
Aloha_Shooter
12-16-2014, 10:45
Hmmm ... seems to me KT McFarland said the most effective way to deal with Putin and Iran was work with the Saudis to drop the price of oil and she said that before the 2012 elections. Sure wish she was the National Security Adviser instead of the lying beeyatch who couldn't pass a Democratic Senate confirmation for SecState.
sellersm
12-17-2014, 11:16
Here's an interesting view on what's going on, and recommendation to get your $$$ out now: writer says there won't be any warning...
http://www.omegashock.com/2014/12/17/economic-collapse-this-is-how-it-begins/
Here's an interesting view on what's going on, and recommendation to get your $$$ out now: writer says there won't be any warning...
http://www.omegashock.com/2014/12/17/economic-collapse-this-is-how-it-begins/
Quite far fetched IMO.
sellersm
12-17-2014, 11:40
Peter Schiff's comments about the collapse of the USD:
https://www.youtube.com/watch?v=HiVYxf9G_qs
Here's an interesting view on what's going on, and recommendation to get your $$$ out now: writer says there won't be any warning...
http://www.omegashock.com/2014/12/17/economic-collapse-this-is-how-it-begins/
He had me at, "However, we have sinned against God, so this is our just reward." [facepalm]
Great-Kazoo
12-17-2014, 13:04
He had me at, "However, we have sinned against God, so this is our just reward." [facepalm]
Double Check on that.
http://www.barnhardt.biz/2014/12/17/yet-another-toldya-commodities-giant-ceases-all-gold-trading/
The fifth largest Commodity trading company (not a brokerage firm per se, but specializing in trading commodities in both the physical and on paper) just announced that they are ceasing ALL gold trading activity. Why? Because the PHYSICAL GOLD that is allegedly stored and/or backing the paper markets ISN’T THERE, everyone knows it, and they want out before the manure impacts the rapidly spinning airfoils.
Anne is spot on. Gold and silver are overbooked to say the least. If everyone who has a certificate stating they hold x amount of PM and they all went to collect they'd be sorely disappointed. I'd bet that less than 20% would get their PM.
This is a link to Fractional Reserve Banking, financial instututions practice these same principles and apply them to many commodities.
http://www.investopedia.com/terms/f/fractionalreservebanking.asp
DEFINITION OF 'FRACTIONAL RESERVE BANKING'
A banking system in which only a fraction of bank deposits are backed by actual cash-on-hand and are available for withdrawal. This is done to expand the economy by freeing up capital that can be loaned out to other parties. Most countries operate under this type of system.
Also known as "fractional deposit lending".
I get what you're stating, but "Fractional Reserve Banking" is legitimate, to a degree, and legal.
Selling the same serial numbered bar of gold to multiple people is not.
Then there's also the problem with fake gold bars being exchanged.
Gonna be one hell of a crash.
More NIRP on selected accounts.
http://www.zerohedge.com/news/2014-12-18/swiss-central-bank-scrambles-against-russian-capital-flight-joins-ecb-sending-deposi
none other than the Swiss National Bank joined the ranks of the ECB in scrambling to stem the wave of capital flight, not to mention the cost of money, when it announced it too would start charging customers for the privilege of holding cash in its banks, when it revealed a negative, -0.25% interest rate on sight deposits: a step which according to the SNB was critical in maintaining the 1.20 EURCHF floor.
Sight deposit account
A sight deposit account is a bank account through which transfers in the form of cashless payments (http://www.snb.ch/e/welt/glossary/c.html#c3) and cash deposits and withdrawals can be effected.
I get what you're stating, but "Fractional Reserve Banking" is legitimate, to a degree, and legal.
Selling the same serial numbered bar of gold to multiple people is not.
Then there's also the problem with fake gold bars being exchanged.
Gonna be one hell of a crash.
Thank you for bringing up an important point that I missed, I didn't give a thought to serialized bars.
Then again who is going to prosecute them?
What if the paper isn't on serialized gold? AGEs are not serialized.
All this talk about counterfeit gold and silver.
Anyone have a suggestion on a good scale to verify your coins/bars/etc ?
All this talk about counterfeit gold and silver.
Anyone have a suggestion on a good scale to verify your coins/bars/etc ?
hmmm... that could be a new item on my Christmas list.
hollohas
12-18-2014, 09:44
I recently saw a very good tool to test coins...I will find it and post.
Here
http://thefisch.com
I've always used my digital powder scale. Any good quality powder scale is plenty accurate for gold and silver. Unless you want to weigh large quantities, then I don't have one that goes over 10lbs.
Rooskibar03
12-18-2014, 10:20
Anyone have experience with these? Seems like a great way to have gold but not tied up in full 1oz coins.
http://i1382.photobucket.com/albums/ah253/Rooskibar03/719b62cfd8c532c1450b3577389ab715_zps999258b9.jpg
http://www.jmbullion.com/50-gram-valcambi-gold-combibar/
Aloha_Shooter
12-18-2014, 10:25
I've always used my digital powder scale. Any good quality powder scale is plenty accurate for gold and silver. Unless you want to weigh large quantities, then I don't have one that goes over 10lbs.
I should have a problem like needing to weigh more than 10 lbs of gold ...
Perchik: Money is the world's curse.Tevye: May the Lord smite me with it! And may I never recover!
I should have a problem like needing to weigh more than 10 lbs of gold ...
Yeah that sounds like an awesome problem.
May god smite me with it too.
Great-Kazoo
12-23-2014, 09:24
I should have a problem like needing to weigh more than 10 lbs of gold ...
1/2 the board ask Who's Tevye ?
https://sp.yimg.com/ib/th?id=HN.607995424794152050&pid=15.1&P=0
1/2 the board ask Who's Tevye ?
https://sp.yimg.com/ib/th?id=HN.607995424794152050&pid=15.1&P=0
"Golde, I am the man in the family! I am the head of the house! And I want to see Motel's new machine now! "
One of the best stories of all time I think.
Rooskibar03
12-23-2014, 10:46
If you're looking for last minutes gifts silver is back under $16 and ounce again this morning.
If you're looking for last minutes gifts for rbeau30 silver is back under $16 and ounce again this morning.
FIFY
Almost a month since the last post in here.
Silver is over 18 and gold is approaching 1300. :)
Oil continues its downward trend.
Swiss wisely decoupled their franc from the stupid euro, of course this made a mess in Europe but they'll get over it.
Almost a month since the last post in here.
Silver is over 18 and gold is approaching 1300. :)
Oil continues its downward trend.
Swiss wisely decoupled their franc from the stupid euro, of course this made a mess in Europe but they'll get over it.
And I was too broke to buy at ~$15. Then again, premiums were high so...
And I was too broke to buy at ~$15. Then again, premiums were high so...
Yah, ya notice that huh. Dealers are trying to recoup their loss by raising the premium...funny how they don't do that when it goes the other way, not that I blame them.
HoneyBadger
01-20-2015, 21:02
I am pretty heavy in oil and natural gas. This past month has been rough... :(
Gold is over 1300 and silver well over 18 on the World Spot as I type this. WTI is around 46 and Brent is around 48 too. USD appears to be losing a bit this morning.
mindfold
01-30-2015, 10:27
Well I finally got into this silver buying. Got in at the $16 range.
Again, this thread has been very helpful.
Lots of volatility this month in the markets....wonder if we're seeing a precursor to something bigger.
I need to get back on track with PM's. Been focused on steel and lead more lately, which isn't bad, but need to balance.
mindfold
01-30-2015, 12:09
At $16 I am not too worried about the ups and downs. I have not seen anything below $15
PM's seem to be too unpredictable, they follow the market up and down. That makes me think in a huge market crash metals could drop as well. It may be better to have green backs in hand to buy when or if the market crashes. The dollar appears to be pretty strong right now. Not sure what to do, get more PM's or stand pat
4runner freak
03-04-2015, 08:19
Watch out for any cheap deals on gold and silver :)
$4M in Gold and silver stolen
http://www.ijreview.com/2015/03/262035-record-setting-gold-heist-nets-robbers-4-8-million/?utm_source=facebook&utm_medium=organic&utm_content=conservativedaily&utm_campaign=Crime
Japan Now Spends 43% Of Tax Revenue To Fund Interest On Debthttp://www.zerohedge.com/news/2015-03-05/japan-now-spends-43-tax-revenue-fund-interest-debt#comment-5859092
This is where we're heading...plan accordingly.
sellersm
03-06-2015, 13:09
Prices plummeting today, good time to buy some more!
I have a question about junk silver. Are 64 Kennedy half dollars worth any more than any other 80% junk silver? I have seen it on line from $6 all the way to $30 a piece for circulated coins. I picked some up last week for $6.75 a piece and was thinking maybe I could find a collector and make a little profit. Is this realistic or just a dream?
But premiums are up and most online deals are no better than they were at higher SPOT. $3 per premium on ASE for most right now.
I bought 2015 ASE on an ebay special for $377/roll free shipping when SPOT was 16.25 (2.60 premium). Same seller has a deal going right now for $372.
http://www.ebay.com/itm/Roll-of-20-2015-1-Troy-Oz-999-Silver-American-Eagle-1-Coins-SKU33772-/141510997698?pt=LH_DefaultDomain_0&hash=item20f2b676c2
But premiums are up and most online deals are no better than they were at higher SPOT. $3 per premium on ASE for most right now.
I bought 2015 ASE on an ebay special for $377/roll free shipping when SPOT was 16.25 (2.60 premium). Same seller has a deal going right now for $372.
http://www.ebay.com/itm/Roll-of-20-2015-1-Troy-Oz-999-Silver-American-Eagle-1-Coins-SKU33772-/141510997698?pt=LH_DefaultDomain_0&hash=item20f2b676c2
Good deal, just picked up 100 of them. I still think silver will drop some more, but for that price over spot it seems like a good deal.
I have a question about junk silver. Are 64 Kennedy half dollars worth any more than any other 80% junk silver? I have seen it on line from $6 all the way to $30 a piece for circulated coins. I picked some up last week for $6.75 a piece and was thinking maybe I could find a collector and make a little profit. Is this realistic or just a dream?
http://www.coinflation.com/ - depends on their condition, if they are circulated then no, uncirculated yes
1964 Kennedy Half Dollar (http://www.coinflation.com/coins/1964-Silver-Kennedy-Half-Dollar-Value.html)
$0.50
$5.7654 (http://www.coinflation.com/coins/1964-Silver-Kennedy-Half-Dollar-Value.html#meltvalue)
1153.08%
Prices are pretty Low...
I budget in a monthly purchase, but I am debating on getting an extra roll between now and payday. What about you fellas?
Prices are pretty Low...
I budget in a monthly purchase, but I am debating on getting an extra roll between now and payday. What about you fellas?
yep. I picked up a few ounces on Wednesday.
Yeah I've been getting a lot lately. Picked up 40 more the other day
Today is starting out like it might be a bad day for PM's too...
Good prices right now on eBay! Picked up a bit more
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