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 Replies: 5,643 / Views: 459,437 |
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Pillar of the Community
United States
3343 Posts |
Since yup started this thread 7 years ago, gold has made a rather tidy upward move. There was a long period at $1200 before the current rise. If I were selling today I would do well.
But I suppose we should think about the "look out below" part. The upward move in specie correlates pretty well with expanding government debt. With the decline in purchasing power of the fiat currencies, gold is only acting as a placeholder. Equities are doing more or less the same thing.
Buy when you can afford it, sell when you have to.
fistfulladirt, you can reduce your health insurance costs considerably by using a non ACA compliant policy. They're not guaranteed issue, so you have to be healthy to qualify. I cut my health insurance costs in half doing this. The policy was written by United Healthcare - not a fly-by-night scam.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
08/23/2020 7:11 pm
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Bedrock of the Community
United States
36745 Posts |
With the Fed getting ready to turn inflation loose, I don't see much down side risk other than a couple minor mack downs by some desperate banksters.
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Pillar of the Community
United States
3546 Posts |
Quote:
...Fed getting ready to turn inflation loose...  since the underlying foundation for the return of rampant inflation should be dependent upon a robust economy which IMO is still a ways off. A 'proven' & time-tested vaccine would still take some ramp-up time to make a significant enough improvement for the fed to gradually begin to push up the prime... |
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Bedrock of the Community
United States
11951 Posts |
Quote:
GR58, it is good to hear from you! thanks Jbuck ... I see your post count is way up I am not on here as much as I use to .. since my father passed away .. not as much into coins. But with the price of gold and silver up .. I just had to sort thru my collection. I had no idea my collection was/is worth as much as it is. Just sorting thru the coins I am not in love with, and selling them, has netted me about 25k. Really had no idea. Of course, now I am thinking of putting some of that into my Type set .. and my Morgan collection. But I will sort thru more if these prices hold, or go up more .. and will sell more. I have sold some coins, in pretty much all the big spikes since 1980. Just start buying back when prices go back down. |
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Moderator
 United States
188562 Posts |
I am sorry for your loss.  I hope the coin interest comes fully back to you in time. I am sure your type set and Morgan collection would appreciate the attention.  |
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Valued Member
United States
397 Posts |
Interesting reading the previous four or five pages. We never know what tomorrow brings. The past year has been nothing less than blissful for the stackers. I hope everyone had a Merry Christmas and best wishes in the New Year!
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Pillar of the Community
United States
2049 Posts |
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Interesting reading the previous four or five pages. We never know what tomorrow brings. The past year has been nothing less than blissful for the stackers. I hope everyone had a Merry Christmas and best wishes in the New Year! I would call it anything but blissful. Unless you hit your stacking goal, it now costs about 3x per ounce to stack what it did in Feb 2024. I've said it before and will say it again here. I see no reason for anyone to celebrate the extreme rise in silver spot price unless you're looking to cash out immediately. I know not everyone will agree with this and that's fine, but logically it makes no sense to celebrate the sharp increase if you're trying to hit short and long-term stacking goals. |
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Pillar of the Community
United States
5855 Posts |
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I see no reason for anyone to celebrate the extreme rise in silver spot price unless you're looking to cash out immediately. I know not everyone will agree with this and that's fine, but logically it makes no sense to celebrate the sharp increase if you're trying to hit short and long-term stacking goals. Well, I'm not really in either of those situations. I have actually hit both my short term and long term stacking goals (I've been loading up ever since prices fell back down after the 2011-2012 run up and am perfectly satisfied with what I have accumulated), but have no plans to sell anything in bulk anytime soon. I'll be hitting retirement age within the next 5-10 years and am hoping to sell some then as necessary to supplement my 401K and social security, so the higher silver and gold prices go up the more secure I feel about that. Now granted, things will kinda suck if the economy improves (perhaps in 3 years or so) and metal values drop precipitously, at which point I will wish that I had sold at current levels, but all in all I'm happy to see values continue to rise. Having said all that, I do feel bad for those who haven't met their goals (either for stacking or simply for buying collectible gold and silver coins). |
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Bedrock of the Community
United States
36745 Posts |
Even if you are not ready to cash out, isn't it better to be way up on the plus side then under water?
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Pillar of the Community
United States
2233 Posts |
I'm not buying much at current high gold/silver prices. But I'm lucky I started stacking about 16 years ago. I won't sell, plan to pass it on to my daughter.
For those just starting to stack it will be a lot more expensive.
Edited by livingwater
12/26/2025 12:23 pm
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Pillar of the Community
Canada
2019 Posts |
I have been buying for 2 weeks trying to get the price to drop... just hasn't been working. In the past when I buy sliver the spot always drops the next day. Strange days indeed!
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Pillar of the Community
United States
2470 Posts |
i am celebrating, as are others, but I refrain from explaining why... and I'm buying more silver as soon as I can because silver is going much farther than $80, $90, $100. trading as much failing fiat as possible for as much silver as possible until I can't do it anymore. that's the goal.
look out below? I think not.
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Bedrock of the Community
United States
36745 Posts |
I agree MrPink, we have can only guess what the real price of silver should be after all these years of price suppression. I remember when gold was $400 and I thought that was high.
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Pillar of the Community
United States
2470 Posts |
i remember buying my first 1/10oz AGE, a 2008 proof, I paid somewhere around $120-$130. looking at prices now... I simply cannot afford anything anymore. jobs & wages are not keeping up. well over $500 for a common date 1/10oz AGE now. huge premiums over spot...
i understand the silver shortage better now.
for years I told literally everyone I knew & still know about Au/Ag; no one listened or heeded advice. I don't care anymore. my focus is on myself now, good luck to those people who ignored the advice. 2026 is going to be brutal for some, I intend to not let it brutalize me. I've prepared as much as I could.
i asked my brother via text a couple weeks ago how much silver he owns. he said 'none', and then started rambling about hockey. if you want a sampling of common people's mindset right now, there it is. the time for most people to affordably stack has evaporated this year. kudos to all of you for stacking as you've been able to. the metals are really only just getting started. enjoy.
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Pillar of the Community
Canada
2019 Posts |
Some .999 .9999 commemorative proofs still in clam shells are selling for around spot if you know where to look. If the spot price drops most of the bullion will drop with it. But the proofs will stay about the same. Its more money now for sure but if you are buying anyways go for the proofs , well as long as "supplies" last lol. Only thing is most are not marked with the weights , so you need to do your home work. Then there is the .925 silver proofs, not as good as the .999 .9999 fine silver but cheaper and seems to be more of it. Although could be harder to get rid of if selling to a coin / silver gold shop.
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Replies: 5,643 / Views: 459,437 |
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Posted 09/01/2020 2:08 pm
