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Valued Member
United States
123 Posts |
Quote:
you guys that are afraid to enter because gold is at an all time high need to get over that. you must take risk to bear any reward, if the $800, $900, $1000, $1100 guys took that stance they would have been left behind at the depot. this train has just started getting up to speed.
i see nothing bearish for pm's - unless the dollar and EVERY other currency out there gets stronger this stuff is going higher. I am definitely not recommending staying completely away from gold, just to make sure that your investments are diverse. However, it seems like you are simplifying things a bit. Gold can, may, and probably will continue to go up...but eventually it will reach a point where people will sell it off and invest in stocks, real estate, other PMs, etc. There is a lot more to it than just currency vs gold. |
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Pillar of the Community
United States
3670 Posts |
Dad says the heck with it in a SHTF situation, as your not gonna wanna live through it anyway....
Perhaps, but what if it is just for six months, and not the end of the world? One may wanna try an endure 6 months or a year even two or longer IMO, as oppossed to giving up and putting the 45 up side the head....
I think preparing just for the peace of mind alone is worth it. I can't control when people around me get sick or die, but I can control my food, ammo, weapon, shelter ration situation etc., and be ready for anything....
Edited by Silverhawk74
08/03/2011 7:42 pm
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Pillar of the Community
United States
3670 Posts |
"I am definitely not recommending staying completely away from gold, just to make sure that your investments are diverse. However, it seems like you are simplifying things a bit. Gold can, may, and probably will continue to go up...but eventually it will reach a point where people will sell it off and invest in stocks, real estate, other PMs, etc. There is a lot more to it than just currency vs gold."
We all know what goes up, must come down, but what if it is 24 years, lol. Gold has had little fail since 2000, minus the housing fiasco back in 08/09 if I am not mistaken. Did it not drop from like 1000 to 700, before taking off again?
A 300 dollar hickup in almost 12 years is not too shabby IMO....
Edited by Silverhawk74
08/03/2011 7:45 pm
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Pillar of the Community
United States
4008 Posts |
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If I sound like an alarmist,so be it,but taking care of your family MUST come before investment. Not a bit, Hock. The bottom line is this. Are we better off to prepare for terrible problems in the future or not? If it is better to plan than to not plan, we all have to create plans that fit our lives. Protecting the family is Job #1 for a man. Being prepared for the O-S! problems of the world that can impact our lives is just another part of that job. Awareness followed by planning and then action will lead to the most favorable outcome. I tend to rate potential problems on a probability scale and then devote resources towards those problems on that basis. After watching the DC Circus for the past couple of weeks, it is pretty clear that they do not have a clue as to why employment is down, that prices are up, or what to do about a slow economy. They remind me of headless chickens dashing around the yard, accomplishing very little. My view of PMs is basically as a hobby and as an insurance policy. While we do not know what the prices for PMs will be in a month, a year, or a decade, we DO know that our government's weak dollar policy is gutting the buying power of the US dollar. We also know that gold and silver are stores of value that are powerful inflation fighters. Because of all this, an investment of 5-10% of a person's wealth in PMs is not a bad plan, no sir, not a bad plan at all. Do not listen to those who have no plan but, for reasons known only to them, object to our plans. |
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Pillar of the Community
United States
1450 Posts |
Just yesterday my wife said,"put as much into gold and silver as you think we need to! You have been frugal and cautious all of your life and I know you won't do anything crazy without a very good reason,I trust your judgment on this one 100%!" I can't tell you how good that feels coming from a woman who has put up with me for 29 years,but man,it puts the pressure on to do the right thing! I think I am going to have to invest another $2000-3000 more before these prices get out of hand!
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Valued Member
United States
152 Posts |
im about to buy more gold this weekend :) pay day this friday :D
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Pillar of the Community
United States
3670 Posts |
Hock if this pans out below, we will not need any gold or silver....
1. Canada and the United States will be the worst affected. As a result Canada and a large part of the US will be under the pole circle (see figures)
Read also the book: Not by Fire but by Ice
Author: Robert W. Felix
2. Remember:
Tidal wave will be around 2 kilometer (7,000 feet) high!
3. Yellowstone = supervolcano
Read the book: Supervolcano
Authors: Dr. John Savino and Marie D. Jones
4. All nuclear reactors will melt!
See Nuclear Armageddon on my website
Conclusion:
Almost no survival is possible in Canada and the US!
There was a CNBC special on 2012 tonight, and this above is what I found on one of the fellows sites, kind of a bleak out look. Man, cross your fingers for another Y2-K....
Funny thing about all those 2012 experts, they all had different theory's on how the end will come, so I already know most of them are wrong. Lets just hope they all are....
Edited by Silverhawk74
08/03/2011 9:22 pm
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Bedrock of the Community
United States
10284 Posts |
GoThunder, that is an interesting graph. Where do you find it on the net without leaving a link. Such as goldgraph.com for example. Thanks
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Pillar of the Community
United States
3670 Posts |
Nice Full Sov Weezy dog! I have two of those in half proof versions, via 1983 and 1988....
Smart way to advertise as well, I like it....
Oh, and if we do do end up as the new North pole and survive nuclear meltdown, yosemite volcano, and the 7000 foot tidal wave, I feel good as I have three chiuauas and a pomeranian which I can convert into sled dogs....
Edited by Silverhawk74
08/03/2011 9:33 pm
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Pillar of the Community
United States
830 Posts |
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GoThunder, that is an interesting graph. Where do you find it on the net without leaving a link. Such as goldgraph.com for example. Thanks That was a screen shot off my trading platform, sorry no link to that but if you just google "weekly chart of GLD" you should find something similar. Here's one that goes back to 06: http://4.bp.blogspot.com/-g4cru8hlK...1600/gld.pngEdited by GoThunder
08/03/2011 11:02 pm
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Rest in Peace
United States
9104 Posts |
When people ask "when should I sell?", they are looking for a $ amount. This is all wrong.
Would you sell silver at $150? Maybe. If you mean 150 "today" dollars, yes.
However, let's say a year from now, everything costs ten times as much as today, which is at least possible, if not likely. No, I wouldn't sell silver for the equivalent of $15 in today's purchasing power.
The real question involves the PM price shown in another stable commodity, or commodity group.
For example, today a ounce of silver will buy 11 gallons of gas. Rather than "would you sell silver at $120?" a better question would be "would you sell silver when one ounce would buy 33 gallons of gas?"
$120 silver in a vacuum means little if gas is $15 a gallon. It looks like a high price, but is not as good as today's ratio.
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Pillar of the Community
United States
830 Posts |
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Pillar of the Community
United States
4008 Posts |
Quote:
Just yesterday my wife said,"put as much into gold and silver as you think we need to! You have been frugal and cautious all of your life and I know you won't do anything crazy without a very good reason,I trust your judgment on this one 100%!" That IS pretty amazing, Hock. I am envious! When I asked my wife of 42 years how much of her money she wanted me to put into gold and silver, she said "none". I didn't say anything more on the subject. A couple of days later, she said that it would be OK to put a little in. She is a cautious person by nature. Women tend to be that way. Not saying that this isn't good but it is different from the "slap leather and watch 'em fall" attitude that a lot of guys have. IMHO, you have a real jewel there.  Quote:
Funny thing about all those 2012 experts, they all had different theory's on how the end will come, so I already know most of them are wrong. Lets just hope they all are.... It's difficult to have a lot of faith in the so-called experts. Aren't these some of the same guys who have predicted 9 of the last 3 recessions and 3 of the last 1 depressions? Their batting average is lousy and that does not inspire any kind of confidence. |
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Pillar of the Community
United States
4085 Posts |
Quote:
you guys that are afraid to enter because gold is at an all time high need to get over that. you must take risk to bear any reward, if the $800, $900, $1000, $1100 guys took that stance they would have been left behind at the depot. this train has just started getting up to speed.
i see nothing bearish for pm's - unless the dollar and EVERY other currency out there gets stronger this stuff is going higher. Not to single your post out, but people said the same basic thing about Internet and Tech stocks in 1999; they said the same thing about real estate and houses in 2006. I would also caution everyone to take a minute to think: what information or insight do I have that others do not? Gold/silver may go higher but be careful and don't bet the farm. Trees don't grow to the sky. |
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Pillar of the Community
United States
5838 Posts |
Greed is good.
Too much of it though will make your belly pop and no more. Confusion, Confucius brother says!
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Posted 08/03/2011 7:40 pm
