Long Position on Silver and Gold?

[Sawin]

Don't get me started.

Buncha stuff going on globally which will impact us here locally, gas at the pump, costs of food and services. I'm waiting for a paper market correction to come along. PMs are still one of the the safest places to put extra $$$. Buy low, sell high, S&P500 is at record highs so time to sell that paper, don't follow FedRes/FedGov advice and buy into Wall Street's game when so many stocks are over valued, wait patiently for the correction, it'll come.

+1. I've felt that way for the last 15+ months. It's wild how long things are holding on, but it's just a matter of time.... maybe the downturn started yesterday?

[roberth]

From Zero Hedge

To summarize: the US was arming and training the same Al Qaeda/ISIS groups of Jihadists, that it concurrently gave Iraq weapons to fight. And since the Iraq army has so far proven utterly incapable of any resistance, it is now up to US drones to fight the same "rebels" that the US itself was collaborating with until a month or so ago.

http://www.zerohedge.com/news/2014-0...iraqi-conflict

[HoneyBadger]

However, the option of paying cash and no paper trail has it's benefits.

Wait til IRS is going after your few years down the road, my padawan!

Keep in mind, even the federal govt was selling fake gold bars w/o knowingly.
IMHO, best everything is off the book.

Agreed. I'm not buying or selling in any real volume anyway, but if I ever do, I'll certainly do it locally.

[roberth]

Jumping up today, we'll see if it continues over the next year or if this is just a head fake.

[brutal]

I wish it stayed down longer - or hope it dips big again. I was just getting started.

[roberth]

Don't worry, it'll go back down.

[<MADDOG>]

Just curious: am I insane for watching this shit and looking at ZH?

[roberth]

Just curious: am I insane for watching this shit and looking at ZH?

No, you're getting multiple viewpoints, many of which conflict with the lies and direction the federal government wants us to go. ZH presents news and views you won't see too much of in the mainstream media.

The dollar is dying, it takes a loooooooooong time for a currency to die though. I don't know if I'll see the end of the dollar in my lifetime but I might. One thing is certain, the costs of goods and services are going nowhere but up, they might fall on occasion but the trend is definitely upward.

[sellersm]

I believe we'll know more around mid-July. If I were a betting man, I'd wager on this being the bottom.

And just in case you missed it, capital controls are increasing. So keep an eye on what you think may be "liquidity"... At least with major banks/institutions.


Sent from my fat fingers using Tapatalk

[rbeau30]

So, I am too lazy to look through 40 + pages of posts to get the answer.

Is there a good local source to buy PMs (Junk silver or Eagles) in cash?