Why most people buy PMs for the wrong reasons...

Well said, you lurk not.

John.

 

Log in or Sign up to hide this ad.

Are you certain you worded that right? It seems the opposite would be true. Initially, it's deflationary (people can purchase more goods for the same basic input, since there are more dollars), then inflationary (prices rise to offset the additional dollars in the economy). If you mean to say it's inflationary until equilibrium, then I understand, but I don't know if that is actually what you meant.

 

Don't sweat it. He doesn't know what he means either. Money supply is utterly irrelevant. Only aggregate incomes matter.

 

The real PM money should go into vibranium, or unobtainium, do some research.

 

There is nothing more pleasant than filling an oversized bathtub with gold sovereigns and lolling about.......

 

"real PM money" is an oxymoron. It doesn't exist.

 

Actually, in the world of gold coins, British sovereigns are pretty neat ones.

 

I have seen more profit from PM over the last 20 years than any other platforms. Remember that gold was well under $300.00 per ounce about 15 years ago. None of my other investments have shown that kind of return. I believe that having some form of PM in your portfolio is wise, (what you can afford to risk anyway ) as history has shown. Investing in almost anything carries risk. ( To each their own. ) Have to go now, need to check the hourly spot price alerts.

John.

 

PMs may have done well but starting to rebuild a stock portfolio when the Dow hit 5,000 ain't been too shabby either.

 

Yup. I sold ALL the gold I bought under $300 when gold topped out. I got $1890 an ounce at the 2011 Chicago ANA show. I haven't bought an atom of the stuff since. Nobody ever makes a thing buying PM's, only when they sell.

 

I look at it just the opposite.

If I can buy gold and sell it for a profit, I make money.

I don't make it buying at 15% over spot. I make the money when I buy it and buy it right.

 

Sounds like you sold too early, gold went over $2200 at one point (LOL, ) by the way, how could you sell gold if you don't buy gold ??? ( you'll never make a profit buying gold by the atom, unless you buy one heck of alot. )

John.

 

$2200, eh? What kind of dollars? Australian? Canadian? Gold topped out at $1900.30, US dollars. Mid August, 2011.

 

Did it? I guess I was thinking of platinum. Do you own any atoms of that ?

John.

 

A little, not much. None in legal tender form. But it does look attractive at these levels, unlike gold, which still has so much speculative fluff in its current price, it's a wonder it doesn't float off to a corner at the crown molding like a helium balloon.

I don't see the "out of kilter" gold/silver ratio as a sign silver is too low, but that gold is WAAAAAY too high.

 

Agreed, but hope gold at least holds when silver goes to $200 per oz. as stated on the Coin Vault.

 

Yeah, just like Patrick Heller repeatedly predicted.

 

Platinum maxxed out at 2270.50 in 3/2008
Gold at 1898.25 in 9/2011
or something like that

in 2011 Platinum slipped lower than gold and has stayed there. It's been lowered a few other times in history but for not this long of time.

Platinum is used in automotive catalytic converters. But the automakers can retool to use platinum, palladium or rhodium (or all three) for gasoline catalytic converters, or primarily platinum in diesel catalytic converters.

silver is down today I see.
I used to have the '97 1oz Platinum proof bought when it was first released. Nice design, but sold it at one point.

I should have bought St Gaudens back when gold was 300/oz. They were cheap back then.

 

why would Silver go to $200 any time soon ?
Didn't that dude say it was going to go to $500/oz at one time?
It's only maxxed out around $50 a couple times in history in 1979 and 2011.

I'm guessing he's over leveraged in Silver when it was fairly high.
It's like all the stockbrokers telling people to buy because they need to sell their positions.

Or maybe he's selling Silver IRAs and need more "customers"

 

The "cash for clunkers" program in 2009 created a windfall amount of platinum group metal recycling from catalytic converter removals before turning the cars into blocks or pancakes. Having come on the heels of the economic downturn that became the Great Recession, and the collapse of one automaker's ridiculous overhoarding of PGM's, that bubble burst before gold's.