Huge New Interest In Coins & Pm - Coin Community Forum

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Author	Replies: 6 / Views: 960
GoThunder Pillar of the Community United States 830 Posts	Posted 08/02/2011 12:39 pm I've not been around here that long but I don't remember ever seeing such a large in flow of new members. I usually click on the "Active" tab to see the newest posts and there are lots of new intros in that section. Maybe we are starting to see signs of the beginning of a bubble? Report this Post to the Staff

Namachieli Pillar of the Community United States 2120 Posts	Posted 08/02/2011 1:22 pm Quote: Maybe we are starting to see signs of the beginning of a bubble? It's quite possible. The key is buy for the same reasons you've been buying. When those reasons go away stop. Just don't buy based on "everyone else is". Thats when the bubble goes pop. We will likely see a sharp upturn as we go into september. Report this Post to the Staff
junior e Pillar of the Community United States 931 Posts	Posted 08/02/2011 2:01 pm $1647. A lot of people are trying to get 5% in their portfolios. Report this Post to the Staff
hockingzig Pillar of the Community United States 1450 Posts	Posted 08/02/2011 3:39 pm Buying all of mine at $600/oz makes me look like a genius(which I am not,just lucky!).I may triple my investment by years end if this keeps up! Now,the question is,do I trade in a portion of my silver to get more gold?or stay the course and see what happens? Report this Post to the Staff
GoThunder Pillar of the Community United States 830 Posts	Posted 08/02/2011 4:30 pm Dennis Gartman said yesterday he thinks the gold/silver ratio will be going up, in other words sell some silver and buy more gold. Actually he only buys gold, he's too scared of the silver market (too volatile for the old guy). I'm pretty happy with my 50/50 allocation. Report this Post to the Staff
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 08/02/2011 4:31 pm I have been around just six months or so Thunder, and I have wondered the same thing.... I noticed many new members around the silver peak in May, and a bit of a summer drop off in interest it seemed after the pull back to 33. But since most of the world has taken notice in recent weeks due to obvious world debt and economic troubles (I point to several mainstream yahoo blog articles on the debt for example), it really seems like a fluctuation of new members once again.... Edited by Silverhawk74 08/02/2011 4:31 pm Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 08/02/2011 8:06 pm Quote: Thats when the bubble goes pop. We will likely see a sharp upturn as we go into september. I agree that as we head into fall, prices are likely to go higher for PMs. Remember, guys... summer is supposed to be the slow time for PM prices. As to a "bubble", I'm trying to think of how a bubble is even possible in the PM market, short of massive market manipulation OR a massive new find of metal along the lines of the Calif. gold rush or the Comstock Lode. IMHO, the only bubble I can see is the fiat currency bubble. Now THAT is a bubble... and the central bankers in Europe and the USA are inflating that bubble just as hard and as fast as they can go. As they make their currencies ever cheaper, PMs pretty much HAVE to rise in price. Quote: Buying all of mine at $600/oz makes me look like a genius(which I am not,just lucky!) I disagree, Hock. IMHO, having a great idea is NOT genius. Having the guts and the resources to implement the idea - well, THAT is genius! Excellent job on starting your stash back when prices were MUCH more reasonable than today. Report this Post to the Staff
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