TRYING TO "Play the GSR" -- HORRIBLE IDEA

Discussion in 'Bullion Investing' started by goldcollector, Apr 17, 2017.

  1. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    let it play out.. but good info to know ...cause I purchase some items from here and never ever had a problem...………...none.. zero...
     
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  3. Brian Calvert

    Brian Calvert Active Member

    As you go thru History time and situations change. Right now where I am in FLorida it is booming due to the influx of people from the N.E. (high tax states) On top of owning my business, I do handyman, electrical, hang TVs, whatever people need, use an APP to pick up extra work and find leads.
    There are certain places I would NOT spend money, real Estate is way up again, might even go up another 20%, but how can you buy knowing that it may fall 60%. I begged my wife to invest in property circa 2011, nope, thus we lost a chance to be millionaires.

    Now, the market is highly manipulated via the PPT, and investment banks, pick your spots. GOLD and SILVER will hold at least this value (silver never less than 14, GOLD 1200. Thus, you are making money holding it because it will go up, especially now that we are Printing money again, so is the EURO... All leading to a dissaster and they all know it. If you are the guy on the BIG CHAIR it is your job to continue the PONZI FED Scheme until it cant go further. We screwed up royally in 73, 84, 2001, 2008, and now again.

    I do own stock too, but only certain ones. I also like it here, just cant bicker with under educated people. It isnt about Left or right, it is about sound money and doing what is right. Just because some billionaire tells you that he is making it all better, doesnt make it so.
     
    Heavymetal likes this.
  4. -jeffB

    -jeffB Greshams LEO Supporter

    Thing is, people have been saying this for years, first at $25 silver, then $20 silver, then $16, $15, $14... at some point, they'll be right, but you can't know that point in advance.

    At this point, I wouldn't be surprised at $10 silver or $800 gold. $5 silver would be a surprise. $20 wouldn't.
     
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Now, that's a can of worms. If the site starts trying to enforce buy/sell behavior, there's some risk someone could sue them for their actions or inactions -- at least, that's my understanding. There's also the whole he-said/she-said aspect.
     
  6. Bman33

    Bman33 Well-Known Member

    What's the GSR, 90? I am tempted to trade some gold for silver. Depends on the premiums for the trade.
     
  7. goldcollector

    goldcollector Member

    Yeah BMan33 you been saying that since before I started this thread when it was low 60s. Every time it goes down (Does it ever?) they claim they traded before the drop, when it goes up they magically still have the Gold.

    Gold is up almost $150 in the last 2 weeks, silver up about 30 cents to Golds $150. Yeah Silver goes up faster. LoL

    I can't wait for the inevitable Gold correction so I can read all the anti-Gold garbage. This current run up is on air. Nothing is gonna happen over this latest nonsense. Just the same as always nothing happens.

    Just a huge run up on air here and an obvious pullback coming real soon. Just the same this shows which metal would go through the roof if something insane actually did kick off. I mean all this talk and Gold up $150 in no time, silver has barely moved. Yeah I know silver up 2% and Gold up about 12%.
     
    Last edited: Jun 20, 2019
  8. goldcollector

    goldcollector Member


    $800 Gold ain't a chance in Helll. About the same chance as me marrying Diane Guerrero. I don't know what it is about the $800 Gold mark but I have heard people predicting that $800 for the last so many Years. You have to be out there and actually see what's going on and you will see $800 is not even a remote possibility. Gold is moving insanely fast even at $1385 + premium right now. Yes for sure it can fall and its not gonna hold this latest 12% gain in 2 weeks. That's an insane gain in 2 weeks where if silver had the same gain everyone would be claiming they bought right before. Yes Golds gonna fall back but there is insane support at $1200, $1100, and for sure $1000. If someone said $1150-$1200 then doubtful but possible. All these claims of $800 is just sour grape haters who don't have any Gold.
     
  9. goldcollector

    goldcollector Member

    Oh yeah Jeff maybe with Gold up another $50 tonight you might really want to sell right now. If ur near Seattle- north gate coin buying AGE and Buffalo at $10 over and KRUGS maple leaf etc at full spot. I'm tempted to sell some and wait for this to all blow over then buy back at probably $100 less. If someone wanted to sell nows the time before this all blows over like it always does.
     
  10. hchcoin

    hchcoin Member

  11. myownprivy

    myownprivy Well-Known Member

    That sounds pretty typical to me. Maybe a little low on the Maples and Krugerrands. But are you posting this out of surprise that you think they're paying so well or that they're buying at all when prices are increasing?

    Neither surprises me.

    If they're a halfway decent sized shop they should always be buying.


     
  12. Brian Calvert

    Brian Calvert Active Member

    Surprised anyone can think that with the way things are today. We will blow past the $1850.00 2011 mark within 5 years and go much higher. They are going to cut rates to 0 and start printing again. The only reason it fell was the thought that QT and rates would Normalize.
    This being a bullion thread, it is hard to discuss Bullion alone without knowing the reasons for movement and that is strictly finance and political.

    GOLD itself is the only saving value People have around the world that cant be FULLY manipulated, thus, the last resort.
    Good Luck to all... I am still a buyer until 2k
     
  13. Brian Calvert

    Brian Calvert Active Member

    I do understand the points you are making. Those are great points if it is just metal and Finance ATWorld was normal. They have printed mass money, lowered rates, and the DEBT to pay for it all just keeps growing. Not all the Worlds Population are complete idiots and think things will always just be OK... They only are until the fall.

    Just like the hurricanes around here, learned all my lessons in 2004, never again will I not be fully prepared and make sure everyone I know is prepared too.
     
  14. myownprivy

    myownprivy Well-Known Member

    I don't think you should be in any rush to sell. Consider the profit you'd make. Maybe $100 per ounce? How many of us have more than 10-15 oz of gold? So sell a profit $1000-$1500 bucks and be without gold, or just look back and be thankful you purchased your gold when you did. You got your "gold insurance policy" against economic recession at a good price. Be thankful for that!

    If you're in to pms for short term gain you're in it for the wrong reasons.
     
  15. -jeffB

    -jeffB Greshams LEO Supporter

    Not always.

    I'm not really in a buying or selling mode right now -- but if I can buy low enough to flip for a quick profit, I'll do exactly that, and if I can sell high enough to replace quickly at a lower cost, I'll do that.

    Note that I'm not talking about buying low to flip at the higher prices that are just around the corner, or selling high because lower prices are just around the corner. I'm talking about opportunities to buy below or sell above current prices.

    Since I'm not a dealer or a criminal, I have to rely on luck for those opportunities. But I do keep my eyes open for them.
     
    SLACKACTION likes this.
  16. -jeffB

    -jeffB Greshams LEO Supporter

    You're almost certainly right. It's just a question of which five years.

    It might be "the next five years" -- but that's far from certain.
     
  17. myownprivy

    myownprivy Well-Known Member

    That's very hard to do in any worthwhile way unless you're a dealer with big volume. Because if you could make a small profit hundreds of time over each week you could do well.

     
    -jeffB likes this.
  18. -jeffB

    -jeffB Greshams LEO Supporter

    Yup. That's why it's part of a hobby/pastime, not a job or a retirement plan.
     
  19. goldcollector

    goldcollector Member

    Where have you been the first 2 1/2 years of my thread when Gold pretty much did nothing ?

    We are up 12% the last 2 weeks because of what's going on. It won't be WW 3. It will blow over like always then we are back to same old same old like the previous 2 years.

    He said he wanted to sell after Gold went up the first $50 but no one was paying close to spot. Lol everyone where I am pays spot or over for Gold.
     
  20. Brian Calvert

    Brian Calvert Active Member

    I have been buying, posting since 2015 or close to it when I bought my first coin, the High relief... Still put away, cant remember what I paid, I think in 15 it was $1480.00 from the Mint... I have since added a couple yearly GOLD collections in the boxes, a 2008W burnish buffalo... lots of eagles, smaller coins, and a couple hundred ounces of Silver. Not a rich guy...

    Of course everyone pays SPOT or Over. What do you have a magical scale ? There is nowhere to pay less, especially id you are buying Eagles, high relief, smaller coins, etc. Right now the cheapest I know of is .69$ over spot from Mike Maloney and his Bars.
    Internet bragging is worthless, Not saying you are, just think it is amazing you are the one person that gets gold and or silver cheaper than everyone else. Congrats
     
  21. Brian Calvert

    Brian Calvert Active Member

    I actually wrote 5 to give myself a buffer. I honestly think it happens towards the end of 2021. Obviously we will be in a rec., that is unavoidable. At the end of that particular year we face a giant dilemma, what to do with Ibor/Libor as they go away. Part of the CB manipulation to force below 0 or Neg. interest rates on Savings accounts and allow them to raise rates on lending cost. In other words, adjustable rate mortgages, Credit Cards, equity loans, and much more will no longer have a base rate. That has been written into many contracts and most dont know it.

    Example : Please allow this... You have an ADj rate mort. of 1.5% plus Libor. Libor is now 2.25, thus your rate NOW is 3.75% But, if there is no Libor, as written into contracts, the Banks have a right to adjust the rate as needed. You might go to 5,7 11,20% and out of your house you go... They win, you lose, what else is new...
    The one and only thing left is PM's... Only if the USA pulls a 1935 take back, other than that, it is honestly the only safe savings. Keeping wads of CASH at home ? Not so smart, loses value everyday.
     
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