Due Dilligence

Libertad--I'm 100% with you and I'll take it one step further, too.

The CCF PM forum has gotten deeply into soothsaying, intellectualizing, philosophizing, punditizing and crystal balling these days. The portion of PM forum
threads that are actually about real-life (a/k/a "physical") precious metals and bullion and devoid of all the oh-so-deep insightizing is dropping worse than
silver spot. And if (heavens forbid!) somebody starts up a thread about how they just noticed spot prices are dropping in any other CCF forum, that thread
gets moved here ("...a more appropriate forum").

I think one thing CCF could benefit from is a separate forum for threads about PM price-related political and economic developments, news, current events,
futures, commodities and all the rest of that stuff. There's more philosophizing going on in the PM forum these days than in the Philosophy Department of
Harvard University and it's starting to overpower and choke out what's supposed to be the core of the PM forum (i.e: the things that are named in the name
of the forum). I think it'd be appropriate to give the philosophers, analysts and soothsayers their own playground and give the PM forum back to the folks
who are interested in buying, selling, collecting and owning PM's.

I think its a good thing that we have varying views on whats happening.

I feel that those of us who have experience should share it with everyone, I know I am more than willing to share what I know and do everyday to help others, EVEN if it puts me in the minority and even if it means being greatly disliked.

I am willing to stick my neck out and tell it like it is, even if it ruffles feathers and causes people to want to avoid me. IF even a handful of people pay attention to my warning and benefit, then thats what matters to me, even more than being right.

I;ll be here as the prices dives and does nothing and people tell me I am wrong. I will also be here whenever the prices do stop falling and decide to go somewhere, (provided it doesn't go past our lifetime lol).

As both a professional trader and coin collector, I feel I must speak out and warn currently against big purchases of silver and gold going forward. I;ll keep at it until I get clear confirmation that the worst of the selling is over.

You can all dislike me and take it personal, thats fine. I will love you all the same and dont take offense at anything you say against me. :D

The PM thread used to be a good read and enjoyable.
Now it's like watching paint dry

I have been slowly collecting numismatic gold from ancient times to present for over thirty years.
I have about thirty gold coins, covering the last 25 centuries.

Over the decades I have seen great fluctuations in PM prices.
I keep an interest in PM prices, because they have an indirect and partial influence on the numismatic market in general.
My attitude? The outcome of thirty years of wild variation in prices?
I just go quietly on, buying according to opportunity.

I love contemplating my navel, when it comes to predicting PM prices in the future.
It is good for my soul.
It makes me feel profound.

I am also usually wrong.

Personally I think theres about the right amount of subforms if not maybe a few sub sub forums too many. Getting too fractured having to chase threads down everywhere that get moved ect isn't really a good thing in my opinion.

I honestly think its just nothing more than a lack of buying right now. There generally isn't really much new in the pure bullion world and right now all the ASE focus has shifted to the special set thats on sale right now as that threads on fire.

You mentioned that how to stack threads, but if people arent stacking at the moment there wont be any of those. Huge drops in prices arent going to lead to large amounts of new stackers either. When the price was on the way up or sitting in the 30s they were everywhere, but like everything else as soon as something starts losing value the fad for lack of a better term as worn off.

Think about beanie babies, they used to sell for thousands when they were hot and people all over the place were getting in thinking they would make money, as soon as people started losing money no one knew came in and it dried up. Thats not to say no one is buying coins but good number of stackers are collectors as well and have turned their focus more towards numismatic items with the price action.

Its one of those human nature things where when things are at an all time high everyone wants a piece of it which is how a lot of people get burned on all kinds of investments. When things are sliding and youre losing money just like in stocks everyone wants out and in the case of stacking only the most dedicated of stackers remain at that point.

Not to mention there was about 2-3 years of heavy stacking going on. We know that part of the population has no interest in coins or stacking which already gives a limited base. Then we know from there the constant stackers are an even smaller percentage. With 2-3 years of heavy buying theres a good number of people that just reached a point that said I have enough. Maybe some got more into coins and went to numismatic as well. The SHTF stacker though presumably has a goal they wanted to reach that they would get to one day.

Then throw on top of all of that the fact that a lot of bullion in a lot of ways is becoming more numismatic in nature aside from the ASEs and Maples. Take the Britannicas for instance, while technically a bullion round nothing about them is priced like one which gives a limited base of what can be talked about. ASEs and Maples from a bullion standpoint havent and probably wont change so theres only so much to talk about. Also like you mentioned there are a lot of threads on how to stack that can easily be found if someone looks.

Id also add that the price threads have always been here, the only reason they seem more abundant is because the buying threads disappeared. The main price threads been going on for about 3 months so its not exactly fresh and really with the downward movement price is the thing that most people probably think about first right now and imo is the most interesting part of whats happening with pms.

I will concede there may be a few more of them from people posting in the other forums and getting it moved here which is one of the downfalls of having all the different forums. New members dont know where to look and you get a ton of duplicate threads that end up getting moved. It doesn't bother me just kind of is what it is. I cant remember if you post in the threads or not but the ASE set thread and the 5 oz puck thread does occasionally get metal price talk too so some has spilled over into other topics as well.

If the price took a massive upswing though all the threads would turn to where to buy who has the best prices ect like during the sell out. The threads really are nothing more than a result of what the metals are currently doing and how people are responding to that. Its not just new people either, some is long time members who have reevaluated the market the new new movements and adjusted their actions accordingly to what they feel is best for them. Other coin forums PMs sections are pretty identical to this one as well for whats currently being discusses with some taking world politics into account more than others.

Heard somewhere that the Gold drop is pegged to the Japanese Yen(purposely/manipulated) , as the Yen drops so will gold/silver, possibly to the $800 to $900 dollar range, just a rumor but could be a possibility.Then again might be a bunch of bunk...

Your theory is a good as anyone else's Mate and it wasn't long winded either
Good on ya Mate



I was quite serious with that suggestion.
if the insurgents had to listen to this waffle for long enough they would run out of the hills with their fingers in their ears begging to surrender.