Coin Community Family of Web Sites
Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics Shop for APMEX Bullion on eBay!Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Shop CCF Members on eBay! 300,000 items to help build your collection! Vancouvers #1 Coin and Paper Money Dealer








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Sell Physical First, Then Smackdown The Paper

To participate in the forum you must log in or register.
Author Previous TopicReplies: 21 / Views: 3,913Next Topic
Page: of 2
Pillar of the Community
United States
589 Posts
 Posted 03/06/2015  9:14 pm  Show Profile   Bookmark this reply Add Groszy to your friends list Get a Link to this Reply

Quote:
Most 'experts' that believe the PM markets are manipulated (which markets aren't these days), believe the paper market drives the physical price.

Banks have been admitted and have been fined for manipulation. There is no "belief" in it, there's fact in it.

However, the paper market does drive the physical price since the markets from which the physical price is determined are trading paper, not physical.

Let gold and silver hit $0.01 per ounce, each! It can't get lower than that (for all intents and purposes) if someone only wanted to buy one ounce. Until it hits that price, don't buy! Since you always risk the price going lower! (This is what I hear in my head every time someone says "the markets will crash". As far as I'm concerned, if you want to buy, then buy. If you want to wait, then wait. How many people waited too long on 30 November 2014 when gold and silver crashed overnight? How many people waited too long to sell metals a few weeks ago when silver was $18.40's and gold dipped into the $1300's? There will be dips and rises. That's how you make your money, if you're able to get lucky when you buy/sell.
Pillar of the Community
leon1998's Avatar
United States
586 Posts
 Posted 03/09/2015  4:49 pm  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
I would hold off any purchase on physical, until gold is below 1130 and silver is below 15.

From latest futures report, it is almost certain that gold/silver will revisit previous low.
Valued Member
realmoney's Avatar
United States
110 Posts
 Posted 03/09/2015  8:41 pm  Show Profile   Bookmark this reply Add realmoney to your friends list Get a Link to this Reply
Leon,

What do you mean by previous low? There are many lows below $15. I would like to know how you think it will go.
Pillar of the Community
leon1998's Avatar
United States
586 Posts
 Posted 03/09/2015  8:59 pm  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
@realmoney,

By previous low, I mean the low in the last Thanksgiving. I remember gold went to 1130; silver went to 14.5.

I will buy when those levels re-appear.
Pillar of the Community
leon1998's Avatar
United States
586 Posts
 Posted 03/09/2015  9:02 pm  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
Hopefully I can make my first ASE purchase for this year.

I have been saving and waiting for its price to drop below 17.5 ---------- then I can order four or five tubes.

Pillar of the Community
traevin's Avatar
United States
1454 Posts
 Posted 03/09/2015  11:31 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
Leon,

As far as I'm concerned (and the moderators, since they haven't spoken, as you've broken no forum rules that I'm aware of), feel free to start as many threads as you like, as long as you continue to supply useful, on-topic, and timely information. IMO, the forum has been on life-support every since silver dropped below $30 and the regulars dropped off, one-by-one.
  Previous TopicReplies: 21 / Views: 3,913Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.22 seconds to rattle this change. Forums