More Early Week Pullbacks For G @ S.....

Lol I hear you Harrison, many of these crazy thoughts of mine wander down a dead end road so to speak from time to time....

Reminds me of that old man in the overalls trying to scare the guy in the story from going down the old dark road through the woods at night....

"Ya, you don't wanna go down that thar road thar. Bad things happen down that road thar I hear, which is your only way to get where you are goin, right down that thar road through the woods...."

I think it has to more to do with the fact the line itself is designed to go up down constantly like a heart monitor and when it is running sideways, well we have no life left eh. Just like PMz when they were running sideways for about six months....

I buy and sell on the cycles. I do put some in the safe, but mostly, flip for the profit. If I make a $100 on a transaction and I only tie my funds up for a day or two....why would you not?

Small profits are good here and there acloco, but I like security better. I use PM's as a; savings account;401;emergency fund.

I've only been collecting/investing for a few months now but, the hobby has engulfed me in obsession, and nothings better than a hobby that always gives back!

Being only 25 y/o, I have a long way to go, but I wont be giving this up anytime soon.

My thoughts exactly, Jim. I've only been in the game for a few years but I've seen the silver market do some uncanny, unexpected things. I've seen prices fall over 100% in less than a 12-month period and watched it rise over 200% in nearly the same time frame, and then fall nearly 90% in just a few months immediately after hitting near record highs.

Speculation seems to hike the price and reality (or price manipulation) brings it right back down again. I became so disgusted with it for a while that I simply stopped collecting for nearly two years.

If silver breaks $40 again, especially with the fundamentals so out of sync with expectations, I'm going into cryo sleep!

Looks like silver held its ground back to 34.25, and holding around that 34 plateau....

Maybe. Hard to say. I don't read everything the guy writes but what I have seen indicates that he is not very fond of PMs. If he is unhappy with the market, then he should say that specifically, IMO.



I dunno... unless those without gold are starving and dying of thirst. The exact situation that prevails at the time will change the way we think about a lot of this PM business. About all we can do at the moment is the best that we can, which includes considering the past and how various scenarios have worked out. No, this is not a guarantee of what will happen in the future but it is about all that we have... that and our intellect. Using both to best advantage will be good and about all that any of us can do.



Yeah, Barry, we are all pretty much feeling like that these days. It is one of those schizoid deals with a definite split in what we want. Maybe the good news is that gives us two possible paths that we can follow?

Speaking of prices... man, $38 ASEs, $37 Maples, and $36 1-oz. bars. The times they are a-changin'! When silver was $27, how many of us really appreciated it? Probably a few but maybe more of us were hoping for $25. lol We must be a cantankerous lot because it seems that we are rarely, if ever, satisfied!

I really do not think that most stackers are wishing for social chaos, a collapsing dollar, or any part of the scenario you suggest. Yes, it could well happen exactly as you say, but the salient thing here is that a lot of stackers are saying that such things are coming whether we would wish for them or not. If so, then the question becomes, "OK, so what are you doing about it?". I agree that it is impossible to prepare for all possible scenarios. All that we can do is our best.

Typically, that will be to become as independent of the current support systems in place that could collapse and not serve us as they have. If you can grow your own food, for example, the fact that all the grocery stores are closed would be of less importance to you than if you could not grow your own food. Same with PMs. Having PMs is judged by many of us to be superior to not having them. Whether they will be useful in solving all or even any of our problems if disaster hits, no one knows.

What we do know is that the dollar is depreciating in value and that this is both Fed and government policy so is likely to continue for some time to come. Holding dollars for the long term is definitely not a good financial option. If not dollars, then what do we use as stores of value? There are a number of good prospects, including farm land, a productive business, tools, weapons, food, meds, and handy things that are inexpensive but difficult to make by hand, such as matches, fish hooks and line, ammo, sewing needles and thread, etc.

Like your Great Grandfather, my Great Grandfather was alive back in those bad old days. He was a translator who worked for various public and private agencies. He escaped from Russia because of all the civil unrest that was going on there in the 1914-1917 time period. He had all his wealth sewn into the lining of his coat. This amounted to about 2 dozen gold coins of various types, including Rubles, Austrian, French, and British coins. Most of these were just under 1/4 oz. in gold weight. Anyway, he used these to buy food, transportation, and sometimes to bribe border guards not to see him pass through their area. He had no "papers", you see, so could have gone to prison, or worse, if caught. He eventually made it to Germany, France, England, and then the US. He worked for his passage by shoveling coal into the ship's boilers. It was hot, dirty, exhausting work, but it was the only job he could get that allowed him to save a few of his gold coins to start a new life in the USA.

When the next period of social upheaval comes, we probably won't know what is happening at first. Such things are not often recognized as the great events that they turn out to be. We also will not know how long such a time will last... maybe weeks or months but perhaps also years or even decades. In some cases, leaving our homes and finding new ones is the way to go. In other cases, it is not and we will be better off to remain here. We can't know ahead of time which will be the better option. Being prepared to do either of these seems reasonable, though.