Are You Buying Right Now?

Well the title is Are you buying right now.
Seriously though Jason, take a look around some of the info is close to justified.
Your money doesnt go as far as it used to,
The .Gov has internal affairs issues and nothing is changing that I can see locally, it's hard to walk up a slide.

 

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Yes, some of those in the previous post are legitimate issues. However, just because some of the things are real problems does mean the conclusion drawn has legitimacy or probability of happening.

 

Hey, I resemble that remark! Sometimes.

 

All too often, the solution for the problems is to buy gold — of course, with that nasty, worthless, fiat currency. Economic advice is like treatment for cancer — one is best served by steering clear of quackery.

 

That worthless fiat currency makes a good insulation OR A mattress if your having trouble sleeping.

First time I saw this picture, someone commented about the black paperweight and the waste of $200.

 

Picked up 4 swiss American's today.
Have a guy interested in them and if the deal goes through will net 12% interest on investment.

 

never mind

 

That is the corporate CEO's wet dream in that pic! Lots of money. It's what the world's all about isn't it?

 

I didn't see any money, but I saw a lot of currency.

 

Looks like the conference room in my lawyers office.

 

So then FOX news is your angle... Great, we them too.... I only tell the truth, which is BS too those that do nothing but follow. Like i wrote, we need those too.

 

Here Jason... watch and learn...

https://matasii.com/

It isn't about a penny in a slab... So if that dont work, then dont watch it...This guy comes with more credentials then anyone here. He is who I believe and follow...

There is also something else you can tell by WHAT a person posts online. Things they would never say to a person's face.

Good Luck

 

Everyone should be jumping in and buying as much silver and gold as they can. It is a 'buyers market'. I only wish I had more money to stock up. Did you know that you can purchase a Monster Box of 500 ASE coins right now below $9,000? I remember several people ordering them when they were at $16,000+. By today's standards, it's definitely a 'buyers market'.

 

You guys do your thing. By all means.

Just please be sure to remember this thread when you check the price of PMs in 6 months. If you were to sell then, would you make or lose money from having bought today?

In 5 years, 10 years, 15 years, check the markets. Would you have made more money putting your funds into the stock and bond market or did you make more money putting it into PMs?

Again, you guys do your thing. For me, I buy a set amount of PMs in a year. I try to buy it when the price is low, but usually I have found I end up buying around the middle price point of gold during the year. I don't watch the commodities market and buy more just because the price is low or sell more before the price is high. I buy a very small amount of gold and silver each year because I enjoy physically holding some of my wealth and because it is a small portion of my total investments. If I ever need money, PMs would be the last thing I would sell.

 

The "reasons" to buy now because they are cheaper than 10+ years ago is not a valid reason except to those who want a reason to buy. How did the people who bought at 16,000 as you noted feel now, about 10 years later as theirs went down down, down? Many blamed the dealers and people who shouted buy, buy,don't sell it will go back up, others blamed the commodities houses and banks, but the onus was really on their judgment as to who or what to believe. I ,and many have in the past bought silver bullion at way less than 10.00, and once solar panel usage and demand become lessened due to technology, silver will only have jewelry and apocalypse theory to fall back on as a demand. Todays standards are based on variables , not factual reality of reserves, but more on supply and demand. Most of the world's silver does not come from the US ( #9)
https://en.wikipedia.org/wiki/List_of_countries_by_silver_production
but from many countries that could soon be responding against trade actions that are specifically for them. That will be interesting to see how long before bullion may be cheap on the world market , but not in the US

But no one, not even the strongest pundits know the future, so if you are a chicken don't lay your eggs in one nest, and if you are an egg, don't sit on any walls. Jim

 

If Samuel Beckett were alive and a member of Cointalk, he would make PM bugs his main characters in Waiting for Godot. We buy silver or gold at "low" prices waiting for that elusive moment when silver and gold prices will rise and we will be cheered for our foresight by family and friends.

We buy PMs and disregard the manipulation of the PM market caused by paper PM contracts (JP Morgan/Goldman Sachs). Paper contracts are used to dominate, control and (usually) depress PM prices, and this persists so long as we have a weak industrial economy.

Historical silver prices are a good example of this. The Silver Institute website has an older article entitled, Silver Price History, which tracks the historical price of silver since 1950. This article appears to support the position that a robust industrial world economy or even US economy has historically been the main driver for rising PM prices; so, when an economy is good, you will see physical demand for silver rise, driving up silver prices. In a weak industrial economy, which we are in, demand for physical silver remains weak, leaving silver easily manipulated by paper PM contracts and resulting in low silver prices.

So then, am I buying right now? Of course. I can't help myself. I'm a PM bug.

 

Someday that may occur, it has happened more than once in my remembrance, but it may be decades and guess what the majority of the silverbugs will say. I have seen this even 8 or more years on here..."Don't sell it is going to the sky ( or similar) and they hang on. and Hang on, and say oh, its down ....but it will go back up even more...and hang on, and then say, well I wouldn't make much money so I will just keep it as it is sure to go back up,,,,No gain in usable assets.

As to paper PM contracts, they are used by ANY major silver bullion company to manage their future supply and costs to continue to prosper during the down time. Yes last major fall 1 or 2 very small dealers went under for that , but not the major ones nor exchange houses who used them also ( the same people who demonize them, use them while telling their customers "trust only the hard stuff". Contracts make money in both directions, the only problem is that the general hoarder doesn't know when or how to use them, while dealers communicate with the mines, organizations, and jewelers associations to know whether it will be scarce ( up) or plentiful (down) and purchase options or contracts to at the very worst break even, but at best roll in the profits. Jim

 

I am not. Anytime I get an itch to buy precious metals, I am putting the money in the market instead. However, I am still spending a few dollars here and there for numismatic purposes.

 

Taking a break, i dont think silver has reached the bottom even though most
Of my purchases are designer 10 OZ Silver Bars, you still have to consider
The bullion content as that is always factored in, just my two cents for what ever its worth...LOL

 

A little bit, yes. I placed an order last week for a smallish amount of silver when it was 63 cents cheaper per ounce than it is today. I'm excited to add a few more Maple Leafs to my next tube.