Are You Buying Right Now?

Discussion in 'Bullion Investing' started by SilverMike, Aug 11, 2018.

  1. Santinidollar

    Santinidollar Supporter! Supporter

    I’m sure that market observers will blame Turkey’s financial woes for today’s PMs selloff. At least for now, I think that’s convenient clickbait noise.

    Consider:
    1. Inflation is still largely in check. Younger folks might think it’s getting hot, but us old timers would say most of you haven’t experienced hot inflation.

    2. The Federal Reserve Board will likely raise interest rates two more times this year.

    3. Even without higher rates, US treasuries remain the go-to around the world because rates are still superior to other major countries.

    4. The economy is still growing.

    Now, tell me if I missed something, but with all of that, tell me why it’s a reasonable expectation that PMs will go up in price in the near term?

    And spare me the gold buying season in India and other nonsense spouted by promoters who want to sell us a gold IRA.
     
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  3. Prez2

    Prez2 Active Member

    One relatively reasonable item is the 'real world' cost of living/wages and on and on. In my opinion, it's a manipulated market controlled by things few of us know about. Gage it against the real cost of living IE real estate, cars, food, and just about everything else. My opinion is that if it were not so manipulated and allowed to play out IN the actual real world, it would and should be much higher. I'm not going to get into a debate with those of you that defend your position based on your personal portfolio (which is where it could lead). I think it's a crock the way it's 'controlled'. You do not. We'll agree to disagree. On your own chart there you have it at around 15$ what? 194O something? Again in what, 1970? My point is it should somewhat parallel reality. It clearly doesn't, in my opinion. Many other think so too. But, have it your way. I understand your position I believe.
     
  4. Prez2

    Prez2 Active Member

     
  5. Prez2

    Prez2 Active Member

    When did silver reflect 120$? I missed that and I do believe I was alive at the time. Okay, now I disengage.
     
  6. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    I know it is ancient history, but I remember buying a roll of BU ASE at a coin show in the late 1980s at $7 + .75 premium. Still have a few as keepsakes :)
     
  7. Santinidollar

    Santinidollar Supporter! Supporter

    No investment asset tracks or should be expected to track the cost of living. This manipulation nonsense is an attempt to explain why a faulty premise is not occurring.
     
  8. mikem2000

    mikem2000 Lost Cause

    What you missed was the chart was adjusted for inflation.
     
  9. ed wood 654

    ed wood 654 Grader & Entrepreneur /Aviation Executive

    Yes, I am taking advantage of the price drop and I am personally making a very substantial gold bullion purchase at open of London market.
     
    SilverMike likes this.
  10. green18

    green18 Sweet on Commemorative Coins Supporter

    Bloody, ruddy, nonsense............You ain't committing to nothing.
     
  11. Mr. Flute

    Mr. Flute Well-Known Member

    I burned my coin/bullion budget already for August, but will stop by my favorite LCS at the beginning of Sept regardless of the stop price in 2 weeks.
     
  12. Prez2

    Prez2 Active Member

    I stand corrected. Thank you.
     
  13. rte

    rte Well-Known Member

    I crossed state lines today to look for silver bars, have lunch and hit 3 pawn shops.
    Only one shop had a single bar out in the case.
    A 1/4 ounce Banca Cremi silver bar priced @ 17.50. :wideyed: I had to ask for a price check again...:greedy:
    The place was closing in 15 minutes and no internet to check it out.
    I took a Pass.
    20180818_143936.jpg
     
  14. Jason.A

    Jason.A Active Member

    You know, I decided not to.

    I'll tell you why.

    1) I am pretty happy with the size of the stack of my gold and silver. I get nervous anytime it gets close to 10% of my investments. It's now a percent under that. I feel good for where I am in 2018.

    2) It seems gold and silver could fall further based on the types of reduced premiums I am seeing on popular online bullion dealer websites. That makes me think that prices will drop further. I could be wrong, but I would rather miss out on saving a dollar an ounce NOW than overpaying a dollar an ounce by buying and have the price drop further.

    3) In between getting online orders, I like to visit my local coin shops, but their behaviors recently have really turned me off. Silver spot is $14.80. Why are you trying to sell me a Silver Britannia with an unlimited mintage for $18.50?! That's almost $4 over spot. Give me a break!

    My plan now is cool off for a couple months and revisit precious metals in the fall. I might buy a few ounces of silver then if prices are still low.
     
  15. green18

    green18 Sweet on Commemorative Coins Supporter

    Then the FBI is already on your bottom......... devil.gif
     
  16. rte

    rte Well-Known Member

    My date said she was over 18.
    I would hope the fbI would have their hands full with internal bigger problems that need attention.
    Even the port of entry workers only asked if I had plants or produce.
     
  17. TheFinn

    TheFinn Well-Known Member

    It only becomes "not a good deal" when you sell. I hope it goes down to 2000 prices!
     
  18. TheFinn

    TheFinn Well-Known Member

    Like all of the counterfeiting that eBay helps fence.
     
  19. TheFinn

    TheFinn Well-Known Member

    PMs always go down in the Summer, then pick back up in the fall when all of the dealers come back from holiday.
     
  20. Brian Calvert

    Brian Calvert Active Member

    I think your watching the wrong TV Channel. Maybe, or I wonder where you get your news. They were going to raise rates 2 more times, but daddy said he doesn't want it, so, it wont happen. REAL inflation has been 5% a year, year over year since 1996. "except Income" which is ZERO.

    The Economy MINUS Inflation has not grown since 2006. This is propped up with MASS Credit that was a give away to the rich, banks, big business. Plus they were allowed to repatriate that large sum overseas, (remember, it was going to go to JOBS, create wealth for all and blow the country up with income) 95% went to BUYBACKS which in turn increases the value (price per share of the stock).

    90% of those companies are now in DEBT., credit default is coming. We will then give them more free money from the tax payers... The WORLD in total is .25 Quadrillion in Debt. or 248 Trillion.25% of which is in this country.

    Lynette Zang and Gordon Long put it all on the web. Lynette puts it in podcasts and charts to TELL THE TRUTH with politics. She is awesome. Gordon goes deeper with macro on his site Matasii.

    Even with this, and we never fixed the underlying problem. But to say the economy is expanding is a LIE from the RIGHT. It isnt growing if you are borrowing that money and using it to make things look good (a bubble). Not writing that you are lying either, just saying the politicians do this, not YOU.

    This Bubble can go on for another 10 or even 20 years because we no longer require accountability in Finance. None, so, they could raise rates, only to collapse them over the next few years and do more QE, QE 4,5,6 after they get back to zero. That keeps it going, the bubble.
    or
    A reset, which is petrifying for all politicians and bankers, plus the rich, I seriously doubt that happens because it requires them to do something to fix the problem. People have no clue just how bad things really are and go on what they hear "the most" I got a job, making my payments, low unemployment so it must be good.
    No one know what Gold and silver hold... China and Russia are buying it up, investment banks short it here in this country to depress the price. They, the Elite control the flow and they will decide what happens.
     
  21. Jason.A

    Jason.A Active Member

    Sometimes you can tell by the length of a person's post how full of it they are.


     
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