Silver getting crushed today

Wait. So now the “cheaper” PGM, palladium, is higher than platinum? Oy vey! Do you think the palladium Eagle is dragging the price around by a nose ring?

 

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How bizarre.

 

I know, right?

 

When it comes to trading, thinking too much can be costly. I buy whenever I can afford to regardless of price. When I buy, if the price is lower than the previous time, it just means I get more for the same amount of money.

 

sub $15 doesn't seem too far off now ....


GOLD .. sub $1200 ??




PLATINUM ... sub $800 !!


Gold is on the list .. the wrong side though under redemptions


@abuckmaster147 @LA_Geezer

 

Wow, maybe there IS a benevolent god!

 

But, But , this is the stacker's big chance to "back up the truck", "prepare for the apocalypse", etc. And the bullion houses will start the onslaught of newsletters saying why now is the time to build the pile as they sell , sell, sell to you. Stay in balance, there is opportunity if you are willing to trade back late for profit, but follow the money.

 

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.

 

Halloween will be very interesting......Boo!

 

get a bunch of gold chocolate coins to hand out.

 

I'm still upside down from when Gold shot past Platinum ...

I don't even know what to do with Palladium other than not own it unless it's in my catalytic converter.

 

One of the 10 commandments of investing is not to fall in love with the product. It will distort your decision. Unfortunately, almost everyone does , probably as validation in their mind of acquiring it in the first place. Stocks and paper instruments are not as mesmerizing as precious metals, antiques, fine art, etc., so those are the ones that can reach the extremes of appreciation , or wipe out your future, depending on one's timing. Rapid increase in prices, doesn't always mean BUY now , nor does rapid decrease always mean to sell now, but an investor has to have logical reasons for actions and not bullion-lust.

 

Yeah, I like the ones made in China or the 'overstrikes' of real chocolate.

 

I heard this on the radio this morning:

"Smart investors are the kind of people who buy lawn furniture in December."

 

That's when it's on sale !! Buy low, then throw away at some point.

For the record, I don't own any lawn furniture at all.

 

Nor do I. It looks silly in a loft.

 

ASE premiums are still way up there.

SPOT = $15.41 (APMEX)
APMEX ASE any year $18.80 (1-19) / 18.50 (20+)
Provident ASE any yr $18.38/ 18.08
so you can save 42 cents from one online reseller

so super high premiums ... haven't floated down in a while.

 

It’s an old story when spot declines:

Wait, wait, capitulate.

 

When you live in Southern CA you can leave it out all year...

 

When I live in Southern CA, it will be post-apocalypse.