Long Position on Silver and Gold?

[ChunkyMonkey]

I am ready to long both Gold and Silver due to recent price drop. Anyone else been watching the market? A friend of mine in Singapore is dumping his portfolio in favor of Silver future... the words are the Chinese are buying up all available local silver.

http://articles.marketwatch.com/2013...silver-bullion

[sniper7]

Can I have one?

[hghclsswhitetrsh]

I've read(not that I'm educated on the subject) that silver is due to explode. Been saying that for years. It hit $50 not too long ago, while many were projecting it to hit +$150. I'm in it for the long haul.

[ChunkyMonkey]

I've read(not that I'm educated on the subject) that silver is due to explode. Been saying that for years. It hit $50 not too long ago, while many were projecting it to hit +$150. I'm in it for the long haul.

Yep.. started buying when it was $9 few years ago. Sold most at $39... ready to buy again.

Can I have one?

Sure... trade you 3 pmags.

[flan7211]

I buy every week. It may drop or rise but I'm in deep. Silver of course. Poor man's gold. Hey and if I could give advice...if you're on a tight budget buy 90% silver coinage. I do Franklin halves. Rounds give too much profit to the dealer. Usually you can get a better deal on 90.

[beast556]

What is this silver that you speak of???????????

[MrPrena]

One of the guy I know is going LONG on silver. He is buying physical silver w/ premium.
I think he is only anticipating on US having bigger debt near future.

[hghclsswhitetrsh]

Don't forget copper rounds!

[Mick-Boy]

All my precious metals investments are tied up in brass, copper and lead.

[WETWRKS]

If Obama does something stupid like make "assault weapons" illegal the prices will go up. Otherwise I expect them to hover around where they are now until he leaves office. If we then get a republican I would expect them to start going down. Otherwise I would expect them to hold in this area unless that democrat is as bad or worse than Obama.