Is now the right time to buy gold??

There is a reason why JP Morgan is artificially suppressing the PM prices and simultaneously buying it by the semi load.
http://www.mineweb.com/news/silver/whats-with-jp-morgan-and-its-massive-silver-hoard/

Price rigging is one of the oldest tricks in the book. When either they are forced to or decide to let the price of gold and silver, particularly silver, go to its natural price they will make a killing since they are sitting on roughly 350 million ozs. of silver. The common folks should be buying gold and silver right now hand over fist at these prices. If it goes even lower, buy more. Trade in those useless federal notes(which are IOU's) for real money.

 

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To the contrary, that not only is a prediction, it's an ACCURATE prediction. The mere fact that it's not precise enough to be useful doesn't change that.

 

I hear this paranoia every time it dips. They can just wait til the next dip and the next "mass buying and rigging happens"

 

With the Trump election a lot of investors dumped PM holdings and ran back to the stock market like rats from a sinking ship. Its false confidence, its amazing how investors in the stock market have such a short term memory problem. Most folks buy high and sell low just like with PM's. Sad...

 

Predictions - the "War on Cash" will be a much bigger story than a modest recovery by PM's, especially after rioting in the streets. Some bureaucrats supporting this nutty idea will barely avoid getting tarred and feathered (or worse). Trump will have to be very nimble to escape the pushback...

I have no opinion on the stock market, as I have read very convincing arguments both ways, for a huge surge up, or, a huge plunge down. I'm selling my few stocks (and my Proof and Mint Sets) after January 1 to re-deploy the money into (other) coins.

The derivative bubble is the elephant in the room that few people talk about, but when it pops, look out below, and it will take global stock markets with it, into the abyss.

 

And fiat currency's will return to their intrinsic value, Zero.

 

A LOT OF PEOPLE bought PM's high in the last 5-8 years. plenty of dummies there too

 

another dire prediction.

 

No, these are the $5 commemorative gold, same weight, size, and fineness as the $5 gold we had from 1839 to 1916, I think are the correct years. A tiny fraction under ¼ ounce pure gold, .900 fine, not the 0.9167 fine 1/10th ounce "Eagle". I'm not completely happy with the size and gold weight (as a bullion coin), but they ARE cheap, comparatively speaking. See any Redbook.

 

Can you cite an example? I'm not finding anything - or more the likely, I don't know what I'm looking for.

 

Ask the citizens of Syria, Cyprus, Portugal, Spain, India, and Ukraine if they are more inclined to believe dire predictions now. And what will their paper money buy, compared to 5 years ago?

 

and according to doug on the internet the exact same thing will happen in the US next year. "because cyprus"

 

Three selected at random:
1. 1986-W $5 Statue of Liberty coin;
2. 1987-W $5 Bicentennial of Constitution coin;
3. 1994-W $5 World Cup coin.

Many came in a case along with a half dollar and a silver dollar.

 

Oh for god's sake google the book

Modern Commemorative Coins / Eric Jordan

 

We've never had a War on Cash, so the outcome and timing are unpredictable. Now the idea is gaining a little traction in Canada and Australia.

 

Howdy folks,

For speculative purposes, I really don't try to predict how the POG or POS will move . . . I wait for them to start moving. Once they start moving, I start scaling in to whatever target position I have in mind. I continue to scale in so long as the price continues to climb. If it stops or declines, I stop adding to, or start scaling out. It's momentum investing and works well on the margin.

As for core holding of pm's, I generally want to make my annual purchases around this time of year when the new stuff is coming out (e.g. eagles, leafs, pandas, britannias, etc.). To that end, when things are 'on sale' as they are now - it's all good.

Politics aside, much of what has been proposed should lead to price inflation (much spending and tax cuts and higher deficits). Also, the dollar is extremely strong right now and that's depressing the both the POG and POS. I'm not sure that the dollar is that strong as much as it's the 'cleanest pair of dirty socks in the drawer'.

and so it goes,

peace,

rono

 

Thanks Doug

 

Maybe but it covers all the bases. In 2015 I would not have guessed that we would have voted for Brexit - further that we would not actually leave the EU. I did not forecast Trump would do so well. With elections through Europe in 2017, it now would not surprise me if we see more 'unlikely' results from elections. Nothing is predictable with any degree of certainty anymore.

 

These are not unlikely results if you look outside of the media. Collusion by the media wasn't listening to all sides of the stories - or at least reporting them. It was painfully obvious that their stories were tainted to attempt to get people to arrive at different conclusions than reality.

 

I've been comfortable buying gold over the past 2 months. I'd like to see if come down a little bit more, but if it stays about where it is I would be comfortable buying a little more and holding on to it for a while.