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 Replies: 743 / Views: 52,010 |
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Pillar of the Community
United States
593 Posts |
Quote:
It's a crap shoot in the end. Place your bets and roll with it ;) Yup, that's what I'm doing. I'm still holding out hope there will be a deeper dip in the immediate future and that I'm right about this being a bubble, but if not, I'll just buy at the current price. Not really a big deal for me. It's just fun to watch! |
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Bedrock of the Community
United States
10982 Posts |
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Was $27.50 the bottom? If so my theory of a bubble bursting is shot! It would have to fall through $25 AT LEAST - better yet $20 - for that to be true. I don't think $27.50 was the bottom larsdog. It should fall under $25 in the next few weeks. $20? My crystal ball says, "Not likely anytime soon".  |
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Pillar of the Community
United States
5862 Posts |
Well, my wife is still upset at me for buying that monster box of maples when prices dipped to just below $31 (she told me to wait awhile to see if it dropped further and I didn't listen). So right now I won't be buying anything else unless it dips to at least $25...
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Pillar of the Community
United States
593 Posts |
BH1964 - if you're right, I'm still wrong about this being a bubble bursting. If it falls under $25 I would hope to finally see some downward movement in pre-65 mint set prices!
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Pillar of the Community
United States
3670 Posts |
Just got back in, an I see silver is up 97 cents on day early, to 28.24, an gold just 10 cents shy of 1577, which is looking more like T's gut shot is right for now, but we will see five hours to go, an Friday still yet....
So much going on right now with elections here, and I just saw a new thread here I have not clicked on yet about the banks running for high ground in Greece, makes it really hard for the BEST an SMARTEST minds to get an accurate reading of all the main spot lines pulse, being gold, silver, platinum, an palladium....
An funny to mention palladium, but has anyone noticed it seems as if it has been the most STABLE, of all those lines, just always fluctuating say between 600 an 675 per oz.?
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Rest in Peace
United States
9104 Posts |
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Decide on 27. You have six cents to SOGOTP. While you were thinking, it went up 1.11. |
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Valued Member
United States
196 Posts |
either way I will not be purchasing for the next month as I am in the middle of moving from GA to NC, so I just like putting in my input  after that then I will LOVE to see sub 25 haha |
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Pillar of the Community
United States
2120 Posts |
oh, silver moved? I stopped watching. :D
Really though, I spend X amount every month on PMs. I just go in, say I want $X amount in gold, $X amount silver. They put it in a bag, and I go home.
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Pillar of the Community
United States
3670 Posts |
That is no fun Nam, rof  . Spice it up, go buy some silver an gold randomly on a whim, makes ya feel alive ya know, lol.... |
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Pillar of the Community
1283 Posts |
BarryG,
You are making me glad I don't tell my wife anything about my investments. JK no really :)
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Pillar of the Community
United States
5862 Posts |
Well, we share a bank account, so it's kinda hard to keep it from her. Plus, she keeps me honest...
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Pillar of the Community
United States
2764 Posts |
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This is a cultural thing and has nothing to due with US$ or the economy. Research wedding traditions in India and China and you will understand. YES, it's cultural but it had everything to do with USD and the US economy. Why? 1) Read my post on their combine gold consumption account for 54% of the world consumption. How about the US? So, their sheer size of demand or lack of DO have an impact on the market. Note: PMs are priced in USD. 2) China & India, especially China is very much interlink with the US economy. At least half of consumer products are "Made in China or PRC" (you can verify this by going to Staples, Home Depot, Target, Sears, Walmart, Costco or any store selling consumer goods). China is the BIGGEST buyer of T-bond, if they stop and buy gold instead (they are have been doing it and continue to do so), guess what would happen with USD and US economy. Now, where do they get all the USD to buy our T-Bond? It's from the trade surplus that the US consumer sending them via buying their cheap products. Hence the word "Globalization". Going back to the main subject of this thread: As PMs prices dip, US buyer shy away, India & China step up on their buying (taking advantage of the dip to buy more than they would normally would). Coincidentally, India's wedding season is coming in a few months, while PM price is falling right now. So, your buying window will be close w/in the next 4 months. Long Beach Coin Show is the end of this month so I'll be waiting to see what I can get there..... In the mean time, I'll be jumping on any PM at around spot. |
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Pillar of the Community
United States
4008 Posts |
Quote:
Well, my wife is still upset at me for buying that monster box of maples when prices dipped to just below $31 (she told me to wait awhile to see if it dropped further and I didn't listen). So right now I won't be buying anything else unless it dips to at least $25... Don't sweat it, Barry. It is virtually impossible for us guys to "win" when dealing with the ladies. Nobody can pick the tops or bottoms in any market ever. Once in a great while, a few people will do that but it is like throwing darts. If you throw enough of them, even with your eyes shut, you WILL hit the bulls-eye a time or two. Personally, I think that you did JUST FINE with your Maple monster box.  I see that some of the messages in this thread mention the term "bubble" a few times in connection with PMs. There IS no bubble in PMs. There is a bubble, however, and it is a doozie. It is the government spending bubble and it is THE mother of ALL bubbles. PM prices rise and fall in relation to US dollars, Japanese yen, EU euros, and all other fiat currencies. Other than the fact that we can get a little more or a little less for our fiat, it is no big deal. It's just another part of PM collection and is no different from most other purchases and investments. PMs are both alternative currencies and commodities, so we can expect to see the behaviors of both types of things in PMs. It is usually more instructive to calculate how many grams of gold or silver does it take to buy a barrel of oil. That gives a more true measure of the changes in value of PMs. For a real hoot sometime, look up the chart that shows the Dow 30 on one axis vs. the price of gold on the other axis. That is not so cheery as a similar chart that shows the Dow 30 vs. US dollars. It tells a more interesting story, though. |
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Valued Member
Canada
178 Posts |
I always find it odd that when prices drop on PM's or stocks, people shy away from buying. But if some useless depreciating asset goes on sale they'll line up to buy.
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Pillar of the Community
United States
2168 Posts |
Sometimes I think some wait it out for the lowest price. On the otherhand at times some dealers raise premiums.
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Replies: 743 / Views: 52,010 |
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Posted 05/17/2012 12:45 pm
