Gold & Silver Prices to Skyrocket in December!

Discussion in 'Bullion Investing' started by fretboard, Oct 8, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    Youtubers are going crazy with gold price predictions in December! :D My last gold buy was August 4th, just a couple of months ago and I don't think I'll be buying anymore as the price is too high for my liking. It's been a couple of years since I bought any silver and I don't have interest in buying anymore right now. That said, I may buy any day now, who knows, I mean if I happen into a coin shop, that's probably what I will buy. ;) How about you, anyone still buying gold and silver?? Just wondering...
     
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  3. beaver96

    beaver96 Well-Known Member

    I haven't stacked any since the premiums shot up a few months ago. I shifted my buying over to type set coins. I do have a really good relationship with my LCS so he'll notify me if anything in my interest group comes in.
     
    crazyd and fretboard like this.
  4. QuintupleSovereign

    QuintupleSovereign Well-Known Member

    Buy the coin, not the metal.
     
  5. potty dollar 1878

    potty dollar 1878 Well-Known Member

  6. Santinidollar

    Santinidollar Supporter! Supporter

    I recently sold some gold and am considering doing it again. I’m talking about AGE bullion coins and not numismatic coins.
     
    fretboard and ToughCOINS like this.
  7. buzzard

    buzzard Active Member

    Gold is to high and not buying much silver. Going to focus on trying to get some of these V75 coins coming out Nov 5th.
     
    xCoin-Hoarder'92x likes this.
  8. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    If silver can go to around $18 or so again, I'll buy some more. Perhaps $20 if prices lower than that seem out of reach.
     
  9. Brian Calvert

    Brian Calvert Active Member

    Honestly I think it is near impossible to know when it will go up. I certainly doubt we ever see $1500.00 again, not with the amount of Printing that has happened.
    Maybe once China becomes Dominate, 10 years from now, they could force it much lower. Who really knows...
    We know for a fact that the Banks, JP Morgan, and others, including those in London have been doing all they can too keep it down. You can find the proof from Many LEGIT posters on Youtube. It isnt rocket science, just good science and following the futures exchanges.

    Everyone got scared in March thus the big push up as big family offices collected their Futures contracts in Gold vs taking a check for cash value.

    The Exchanges have created new future contracts, along with adding hundreds of suppliers. They ran LOW on Gold and got caught.

    It is coming !!! calling a Dec. spike is like a huge guess. Youtube is now getting TOO many Pumpers... You have to be careful whom to listen too.

    https://www.goldmoney.com/corporate/bio/alasdair-macleod
    This guy is highly respected, on pallisade radio, and other forums... But, he called for a banking crisis before the end of this year, and he did so only 3 months ago. Again, I dont see it as they continue to Print money to the rich and the PEOPLE, seem to not have a care in the world. They could care less that inflation is at 8%, bank savings rate at .7% and their yearly raise is 3%. I dont get it, but dumb is dumb, whatcha gonna do
     
    fretboard likes this.
  10. crazyd

    crazyd Active Member

    Like others I stopped when the premiums shot up. For silver the premiums were never that great - but its been ridiculous this year. Hold.
     
    manny9655 and slackaction1 like this.
  11. slackaction1

    slackaction1 Supporter! Supporter

    I just didn't sell anything during the silver rise up to 28 or so I held. But told myself I would sell if it got to 25.00 and just sat there on my coon dog butt... now I will sell next time it hits 28.00... and purchase gold I thinking.. I was told early on be PATIENT wonder where I can purchase some of that..
     
    chascat likes this.
  12. FredJB

    FredJB Active Member

    I am still buying gold and silver medals etc for my collections, but not as bullion.
     
    crazyd and fretboard like this.
  13. -jeffB

    -jeffB Greshams LEO Supporter

    "going"? :rolleyes:
     
    Kentucky and fretboard like this.
  14. fretboard

    fretboard Defender of Old Coinage!

    Yes, you absolutely gotta be patient, it takes awhile but you'll get there! If I was you I would continue holding any silver you have as in early next year we should be seeing amazing prices on both silver and gold! :D
     
    slackaction1 likes this.
  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    I doubt anything will happen until after the first week in November.
     
  16. slackaction1

    slackaction1 Supporter! Supporter

    CRAZY ON YOU.... Jus checking some auctions.. 190.00 a roll for quarters 90% and he had 12 rolls and they sold within a few hours of listing.... plus ship 4 TO 8 dollars depending on rolls purchased.......SOME PEOPLE KIDS...........................HOLDING...........................
     
  17. manny9655

    manny9655 Well-Known Member

    Agreed. I sold a half roll of my duplicate circulated Franklin halves when silver was at $29 but I'm holding right now and not buying for several reasons. The premiums even for junk silver are ridiculous right now. I'm not paying $5 over spot for $1.00 face value of junk silver, plus the shipping costs. I'm just NOT. I've seen a few deals for bullion coins but even those have higher premiums now. I can find way better deals at shows.
     
    slackaction1 likes this.
  18. Heavymetal

    Heavymetal Supporter! Supporter

    Stocks are getting hammered today. A lot of forced selling this week to cover leveraged positions. SLV and GLD are liquid to put out fires elsewhere
    Expect a few days of downdrafts
     
  19. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Election uncertainty moves PM's up 10% in 2-3 weeks if it happens.
     
  20. fretboard

    fretboard Defender of Old Coinage!

    Yeah, I heard it don't matter who wins, gold is going up! thumbsup.gif I'll take that bet as I'm more than ready to see a bull run to add excitement to my lock down! :D
     
    SensibleSal66 likes this.
  21. medoraman

    medoraman Supporter! Supporter

    I still buy at times, if I like the coin and premium for "bullion" type stuff is really cheap. I bought a $2.50 at like a $40 premium last month for funsies. This does not affect gold coins like Byzantine or something that really has little to do with melt value.

    Pretty much same thing with silver. Buy 1 ounce coins for the kids when I go to a show, otherwise not much interest right now. Too bulky.

    I wish I could find reasonable premium platinum. Anything available people want a FORTUNE for versus melt.
     
    fretboard likes this.
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