For Everyone Sitting On The Sidelines, What's Your Number?

Have a look at the DJIA Yahoo chart.
It worries me.
The recovery of the U.S. economy seems to be coming long quite nice nicely.
Unfortunately it has all been fuelled by debt spending, and sooner or later the People are going to have to pay the piper.

If you look at the DJIA all time chart the average should now be around the 12,000 mark, not not heading for 17,000 points. When the correction comes, and I have no idea when that will happen, expect a drop to something like 10,000 points.

THAT'S when the mob will start running back for bullion, for security.

Better to quietly dollar cost average yourself into a safer position now, with some of the spare money you may be fortunate enough to have.

Are you asking at what price would PMs have to hit for me to consider purchasing as an investment?
I would never buy coins or PMs as an investment. Period.

Right, I agree but they definitely can increase in value or decrease as well.

I look at it this way, if I spent $2000 on computers or iphones/ipads or other junk like that today , what would they be worth in 10 years? probably Zero dollars.

If I spent $2000 on silver/gold PMs, they could be worth $3000 to $4000 or maybe just $1000 in 10 years.

Chances are they wont go down to the $1000 mark but fluctuate somewhere around the $1500 to $3000 range.

Not saying I have never bought a computer (ie : using one right now lol) But I feel better buying PMs then disposable electronics.

Thats my take on PMs, but to each their own as they say.


P/S: Plus I really like the look of PMs...shinny.. My precious..

hm - back to 80s prices...wouldn't we need a deflation then? I remember someone said that gold prices rise according to inflation...wishing to go back in time seems like dreaming for me. I would be surprising if we have a larger fall now rather than what we have seen. By that I mean gold falling under 1200/1100 for a very long time...For me buying pm's seems like betting whether the world is going more to heck than it already has, or becoming better....the lack of actual withdrawal of Russian troops near Ukraine, "poor economy" in the EU, and the debt for US is things I thing will hit hard in the coming years. But off course - I could be wrong, and as Northerncoins said; this is money I would otherwise have spent on useless electronics...and since in Norway it falls almost 50% in price after use...buying 1 oz gold vs 1 lense for my sony camera which isn't actually needed is easy math.

My economy is built like this:

House loan is paid down substantially
I don't own a car and probably I'm going to lease a car since I never need one very long.
Money that is left over is either spent on useless things or electronics. Or â€" gold coins/silver etc since at least it sustains some value over time unlike my sony camera :P

Well - Oil have gone down and up the last days - while gold and silver have only fallen more or less. Based on what you are saying and as per my understandning, if oil goes up PM goes down...but the graphs I'm seeing for oil dosen't support that _only_ oil regulates so much...