Wow. PM prices decreasing dramatically.

PM's are like the stock market, they go through a correction on occasions but all will be well.
I predict $37.00 silver by thanksgiving.

 

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I could use a steady slow climb over the next fifty years.

 

That strange sound you just heard? It was a groan.

 

I always add to my stash when the trend has been flat or down, and slow down or stop when it has been going up. It really doesn't matter to me what the price is at. Nobody can predict how much it'll be exactly at a certain point in time...but I think most people will agree that in the future it will be higher than it is. It is just common sense and the fundamentals and the way the world is going as a whole point to that.

Swings either way for a few months are neither bad nor good to me...I just tweak my habits a bit. It is the long haul I'm looking at.

 

And like others have said, when things are looking up I usually will start spending my coin budget on numismatic value or something I like rahter than metal value. When things cool off a bit, I add to my bullion.

 

A lot depends on Europe. If the Euro tanks 10-15% against the dollar, and [new] bond interest rates surge, there will be a liquidity crisis around the world like nothing you've ever seen. The weak hands will have to sell much of the PMs they have stashed,

Then the PMs will spike down, and that will be our buying opportunity; it won't last long. I agree with Juan, we could see silver beow $20 under that scenario. This is why I'm building cash, and flogging all my unwanted coins and coin books right here on CT.

I have no predictions about gold; now that many central banks can count gold as a first tier asset, the game has changed, and I don't understand all the ramifications. Silver and gold won't necessarily travel together, up or down, but the per-ounce price ratio (now about 55.1) is worth tracking.

 

That's why I like playing golf...it's the only sport where I still here folks say things like...

"You're in great shape!"

...or

"Hey! Nice backside!"

 

Go look at the price chart for last year. I think something similar will happen this year - prices will continue to slowly decline through early summer then pick back up again and be strong September through the end of the year. At least I hope so, I bet my paycheck on it....

 

Last year is history. Every day brings structural changes to the PM market. Foreign central banks are now freely buying gold, slowly diminishing the supply available to individuals. Banks can now count gold as a so-called first tier asset, growing the demand, and funneling unwanted dollars out of the assets. China now encourages citizens to buy gold. More and more junior miners in both metals have gone bankrupt, thereby reducing the number of new finds, and the number of miners that larger miners can acquire. The EuroZone has been in recession two years now.

I would hesitate to correlate this year and last year. Having said that, I believe we have not seen the bottom in PM prices for 2013. The sudden disappearance of ammunition from retailers' shelves (even Walmart!) is a good paradigm for what will eventually happen to PMs, but we haven't reached the tipping point yet. Beware of extrapolating last year's trends.

 

Mr. Sinclair is forecasting much stronger prices in the near future. I was not able to watch his video presentation, would like to see a written transcript.

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/3/2_Jim_Sinclair.html

TO THE MOON!!!

 

F

Foreign central banks do not usually buy on the open market where most of us do, usually it is one central bank buying from another on good 'paper' terms.

Banks can hold gold as assets, but they must declare it in the SEC quarterlies/yearly, and I haven't seen any so far. If there was, a bullion blog would have tooted it to the world. Banks are quite happy with cash at the time.

China encourages it citizens to buy gold through their BOC, where cash is deposited , coverted to gold at going rate plus %, looks good in the account, but if you read the BOC website, if the customer wants it back, they don't get gold metal, they get a converted amount in paper minus a rather large % for withdrawal. Silly customers, they are in an 'ETF' of sorts

Yeah and it has decreased the price of PM due to strengthening the USD, and might do so even worse in the future~ even chance.

If gold becomes a terrorist weapon/scenario, then yes there may be fear of the Gov taking everyones gold more than just the conspiracists, but that doesn't look realistic at this point.

One can look and hope for reasons to occur, but we small timers, stackers and bullion lovers. have little impact on the movement of gold. We are along for the ride and which direction is anyones guess, including the commercial pundits. IMO.

 

IF the economy (maybe I should say when) crashes and it cost $100 for a gallon of gas a silver dime will still have the same purchasing power it does now.

 

Well, that IS the point, it's not that we particularly like the old grubby dimes and quarters of our childhood. The GOAL is to preserve the purchasing power of our liquid assets by converting them to a form other than PAPER fiat money and its PAPER equivalents.

Keep on stacking! If we merely break even, while the rest of the middle class has been savaged and bankrupted, we WON.

 

what paranoid nonsense.

 

Hmmm, who are "We", what exactly did you "Win", Who are you playing against? and Why?

I never looked at investing like a competition, you are talking like this is a team sport.

 

There's a lot of folks on the "Stacker" team. We "won" against hyperinflation by maintaining the purchasing power of our liquid assets. We are playing against a clueless and corrupt government, and Congress, who got us into this mess; We, the Citizens, had to stand by while the middle class was savaged and its average net worth cut by a third over the last decade. And Why? Because Congress did all the wrong things, deliberately, and spent us bankrupt.

The term "team support" doesn't quite fit. Try "self-preservation" in the face of criminal mismanagement of the resources of this great country.

Stacking is not investing. It's converting your dollar assets into something more likely to maintain its value. The majority at CT think stackers are unmitigated doom-sayers, and that's fine.

If everybody was a stacker, if most were buying PMs, gold and silver would already be out of reach for most of us, and the risk-reward ratio would be much higher.

Come back in 3 to 5 years and check the numbers again.

 

the only way you "win" is when you lose money buy selling back to a buyer for federal reserve notes under spot.

 

"...the only way you "win" is when you lose money by selling back to a buyer for federal reserve notes under spot."

Why would you do that, unless you had overextended yourself and had a dire emergency?

Stackers don't TRADE silver; they buy and hold. You're thinking about speculators.

​

 

until you do something with your silver you haven't won. you're just speculating as well.

 

I prefer to look at it as sequestering some precious metals as a hedge....