Is now the time to give up on PMs and look to the stock market?

Now that truly is a brilliant method! Zero transaction cost and you get to take physical possession.

 

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It's tomorrow and PMs are looking DOWN ... Silver @15.21, Gold @ 1215.50, Platinum @ $800

compare the stock market in the past 2 weeks to PMs ..

 

If I believed in the stock market I'd be in the stock market. And since it's my life I'll run it the way I want to.

If we screw up what are YOU PEOPLE worried about? We're not Jamie and his bwain twust. No one will come along and kiss the boo-boos and give us a bonus.

 

Wasn't that a song ??

 

Yeah. I think it followed Big Shot.

 

...a sentient being.

 

The stock market is near or at a peak and precious metals, eh, are not. So if I was bargain shopping and was willing to wait a long tI'me PMS might be the an avenue to persue. As others have mentioned stocks can pay dividends and grow on ways that PMS can't. It's getting hard to find bargain stocks though. So I have been keeping cash lately.

 

I freely admit that I am enjoying the slow demise of the bullion "investing" community just a wee bit too much. But I feel I have earned it. Just go back and re-read the extreme smugness of these cretins in 2011.

"The stronger dollar and sheer frustration and resignation on the part of the bulls continue to be the primary driver for lower prices." - Peter Hug, today

It just makes me giddy.

I do own considerable silver, and SOME gold, but I'd still own the same pieces if they were aluminum and brass.

 

DOW peaked at 26,616 on Jan 26th, 2018
It's been down and sideways since then as it's at 25,138 right now.

But it's been chugging along since April 2009 after it reached it's "rock bottom" at that time.

The question is .. the large companies that hold PMs for safety .. what are they doing? I think they'd rather have cash right now and are selling PMs for cash. That can create a downward spiral in the (a) basic Supply/Demand model PLUS (b) US Dollar Index both pushing it down.

There's been an uptick in stock buying I think (if maybe only for the short term) with them holding cash on the sidelines to jump in .. or stay out if needed ... I guess we'll see as the markets are down a bit today.

But long term I think PMs are a deal right now if you like to hold ... 5-10+ years.

I no longer look at that as an option so I'm not in that LongTerm market anymore and I'm much more bearish on PMs.

 

But if we're looking at sub-$1200 gold by the time we get to the Philly ANA, I might be looking to add a U.S. classic gold "type" piece to my collection. Maybe I'll need that gold type page addition to my 7070 album yet.

 

Cash is a good thing right now.

 

I think if gold dips below $1200 they'll be a buying frenzy across the board as it would be considered a "bargain" by the safety investors.

So you'll get a bounce .... before it start drifting back down if the conditions stay the same.

or, maybe, not.

 

The problem is those numismatic gold pieces don't float down based on SPOT.
They're keeping their sell prices fairly steady.
there's a couple I want to snatch up and the prices are staying fixed high.

The sellers want to protect profit.
but I think for regular AGEs, or cleaned pre33s, etc they're trying to sell out to get converted to cash before they lose profit. It's like what the car companies do just before the new models come out.

 

Okay, then maybe a 1/4 oz. AGE. I don't have one of those. I don't suppose 1/4 oz. Buffs are near melt.

 

Investment bankers/computer trading, mutual fund managers buying and selling huge blocks moves the market in huge swings.
With pre market and post market trading (a bad idea) a stock will already be up or down $10 and too late to get in, and too late to get out.
The Dow is only 30 stocks, the overall market is much broader, including small caps and the NASDAQ.

 

Just my 2 cents--I would not switch to equities now. The average bull run is 7 years and we are way beyond that now. I am currently in pms and the stock market but getting more nervous about the market every day. If we make it another 2 years without a major correction I will be amazed. Something to consider in addition to pms if the market goes south are inverse ETF'S. The time to get in the market was the end of 2009

 

What makes people believe in things like this? I'm genuinely curious. What the average anything in the past has to do with ANYTHING in the future frankly astounds me. These are not just random events that happen on their own. People CREATE downturns and corrections, and they are NOT required to, either within on without any past average frequency.

 

I believe we are in charge, and we are capable of learning. If that makes me weird, so be it. If it were not so, the 2008 crisis would have led to a deeper Depression than the 1930's. Heck, we even had Midwestern droughts, ... ahhh-gain. We simply learned from the past and found MUUUUUUCH better ways to deal with things. The pessimism makes me nuts!

 

I think on some people's list, that'd be somewhere in the top 100 things that make you weird.