Bubble?

Well, just stop, will ya? We don't need the competition from a lot of new bidders.

An amazing comment, especially about California house prices. If they'd check out Ohio, they could buy an entire block for the price of a typical CA home.

OK, now I am really lost!!
I posted a thread,("What would you do-2?"), asking that if you had $10,000 cash just sitting in the safe - should you buy PM's? The way I read it the over welming view was "NO!". "The time to buy PM's has past!"

But this thread seems to say if you are not buying PM's right now you are clearly a fool!

A local coin show opened about an hour ago. I decided not to go based on what was relayed toi me here......should I be running out the door NOW w/cash in hand?

Hello Ed-B, I got to tell you.....I am more confused now than before!
I think first you must be clear if you are buying PMs for investment or just for fun. If someone has picked up "Gold-Fever" they will use any excuse to buy more. I have been told by so many differant folks/investers that you should keep about 10% of your total investments in PMs. If you were to reach your investing goal today, that would mean you have about $85,000.00 in PMs. That should also mean you have about $850,000.00 in total assets! Or as Jack Sparrow says: "It's a fine goal!"

If gold/silver keep doubling, we may very well see the end of our financial system, not to mention the end of the USA as we know it! I would really like to hear what you mean by, "If everything were to come a cropper,". If this is what I think you mean....... a gun and a truck full of canned food, full gas cans, and bottled water is gonna take you alot farther! Oh sure a couple of gold coins will get you through a few check points/border guards but a pile of silver/gold will mostlikely just get you killed.

There is more Gold/Silver in private hands now then in any other time in history. And because of the internet, the whole world knows what it is worth at a glance. If prices fall, I mean really fall, there will be a panic to sell and what will you be able to buy with it? How about a good horse for every member of your family, and a pack mule to carry all your camping gear and food, a couple good rifles for protection/hunting, maybe a plot of land w/a cabin you can heat all winter, or maybe you head South?

I guess it all depends on what you mean by; "come a cropper"?

In WWII, pilots were given a few gold coins to use as bribes in case they went down behind enemy lines.

I think the difference is that back then there was honor among gentlemen. If someone robbed you, he'd take a check, knowing you wouldn't stop payment on it.

Today, if someone offered a bribe, I suspect the bribe would be taken, then he'd be shot and take the rest of his gold.

Hello, Oden. Well, so much for my attempt at enlightened conversation.




I haven't checked the complete net worth of our investing accounts lately. If I did it would likely be in the area of $1.4M or so. Having even 5% of that in PMs would amount to about $70k. That would be a fair amount, which is why some of that would have to be in gold. If not, then the volume would be difficult to store securely.




Typically, that is a generic, if somewhat archaic, description of a SHTF situation. It's also flexible in that the specific situation is not yet known but it is thought to be pretty bad compared to the relative calm at the moment.

Today the US Mint will open orders for 2011 American Eagle Gold Proofs. I am in. I am also adjusting my investment portfolio to contain 40% in Gold. But, thats just me.

I agree with this reasoning. It is sound, IMHO. When I look at all of the things that can support the price of PMs vs. the things that could cause the PMs to drop in price, the side of the ledger that supports higher silver and gold prices is quite a bit longer than the side that supports a PM price pull-back. US government financial sanity is unlikely to return until at least 2013, at the earliest and perhaps not even then. The Europeans are no better. Only the Asians seem to have their financial act together, which is why I invest some of my money there. I also like Latin America for their young but dynamic and growing economies. If they can avoid the trap of spending more than they have and living on credit, they should do well.

Bernanke desperately needs to raise US short term interest rates but seems to have no interest in doing so. This is too bad because his cheap money policy has hurt savers and retirees greatly and is now creating substantial inflation that will hurt everyone in the US and some around the world. I am deeply disturbed by the Fed's track record on spotting bubbles in the economy. That record is abysmal. We currently have a government bubble going and it is doing great damage to the US and world financial systems. When it pops, and it will as all bubbles do, there will be some very serious repercussions. Bernanke seems blissfully unaware of all this, though, and perhaps that is scarier than the situation itself.