What Is Yup7676's Advice With Regard To Physical Pms?

Denco, don't give up that information to a stranger. That's a distraction and let's keep this on-topic, yes?

I think you've been asked that very question for a while now

Right.. right thats what I thought Denco.

Until you prove to me who she is, don't be going around making false accusations,,, you prove to me and then I can do the same.

But, to me, this sounds more like a personal problem. I feel you are one of those die hard gold and silver bugs that cant accept the truth.... I mean really, why such resistance from you,,, solely because I am a trader who is saying gold and silver are in a downtrend and to stay away from making major purchases for now? That I am saying to wait and get better prices for coins, ETFs, etc? IS that really such a bad things? ... and I have been right... but its not me thats made me right, its been that MARKET. Dont you get it... I dont care about being right, I want to be right by the MARKET.

Its a shame that someone who comes from a trading enviroment freely gives his time because he wants to help others and offers NO BIAS at all. I have not said ONCE that gold and silver are useless. I have said to be careful as they go down, to nibble and wait for much better prices.

Thats all I have said. Yes, if you must buy, then buy, but only in nibbles. Gold and Silver have their place ina long term portfolio. But do not bet the farm on it and dont expect them to come back to the moon in a rocket ship. Thats all I have said.

That said, I wish I hope I am on the record that

1- as far as coins, yes I dont thinks theres nothing wrong in buying gold and silver

2- My thread that I started is a guide for prices. Why? because no matter how much you fight it tooth and nail, the futures market dictates ALL the prices in the end. knowing where they go, is helpful.

3- IF you do have profits, I would take SOME, but not all. Better to take profits than to have regrets that you didnt sell, you can always buy back later.

Again, my thread is to help my fellow collectors gauge areas where to buy. I can help you all in that regard.

Sorry, I was typing my last message at the same time as you were typing yours.

Can you please clarify what you mean by this? The double-negative and odd grammar makes it hard to understand. If you "dont thinks theres nothing wrong" in buying gold and silver, does that mean you do think there's something wrong and that therefore we shouldn't do it? Or did you mean you do think there's nothing wrong in buying gold and silver and therefore we should do it?

Understood. But you need to understand that nobody is talking about putting all of his or he money and savings into coins of gold and silver right now. That's partially because, as I mentioned earlier, there simply aren't any deals to be had right now what with the lack of stock and high premiums. But it's mostly because everybody probably agrees that it's a bad idea to put all of ones eggs into a single basket. In other words, you're not telling us anything we don't already know, and telling it to us over and over again doesn't really help matters any.




Well, I certainly hope you are right. As I've mentioned repeatedly, I bought silver and gold (not only coins but bullion as well) on the way down but stopped once premiums started going through the roof. I'm hoping that prices will stick around down here long enough for the premiums to drop as well, at which point I'll be making some more purchases. Not putting "all my money and savings" into it, but certainly a decent-sized purchase. Until then, however, I'm content to wait things out (as are many -- if not most -- others here on this forum). Again, I haven't seen anybody talk about putting all their money into gold and silver right now, so I can't understand why you keep warning people against doing that.




I have no idea what PPLT is. I do own a (very) small amount of physical platinum, if that's what it stands for, but it's really just a couple of coins. I don't own any paper stocks of ETFs or the like.

Yea Funny, I;ll have to go back and look back at my threads, there was a member here that discussed owning PPLT.

I will go look for it over the weekend when I have time.

Hey Baseball, yea wasnt that Ed or someone like that. then there was someone else who once said how they sold puts etc. some one else was talking about other ETNs. I guess my point is tho, we have a fairly large crowd of folks who know abot these other products related to gold silver etc.... and I wouldnt want to count out that group of people.

Harrison, thanks for your kind words.

I really am not looking, for anyone to like me, I am not looking to be right because I said I was right. I wish I could emphasis that when it comes to assets, towards trading, I have NO BIAS.

I don't think anyone here understands that as a trader, what pays is taking the trend no matter what, even if it seems like its impossible, (in this case, disbelief that prices in gold and silver are dropping) if the trend is lower, if the price action and the volume, that is, those buying and selling, if those two are confirming something, I MUST take that stand. NEVER have I been right when I disagree with the market.

and that is the point I want to impress- I only care that the MARKET proves me right by what it does, not because I said its going to happen.

I realize taking this stand makes me extremely unpopular. I understand people will attempt to discredit me. I don't care. I feel I am offering a unbiased look at what traders are seeing everyday. I am not looking for popularity.

I came to this forum to learn about coins, to learn about world bullion coins, proofs. I don't know everything about them. But I do know about trading, I am active in the commodity market everyday, I am active in the equity markets. I feel the pulse and see whats going, I hear whats going on... not from the TV, not from papers but from being deep at the desk from sunrise until sunset.

anyways, ima sure Barry must be sick of me taking his thread.

But yes, I had to defend my honor and I wont have someone falsely discredit me because they are taking my postings personal.