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 Replies: 33 / Views: 4,936 |
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Valued Member
United States
449 Posts |
http://numismaster.com/ta/numis/Art...icleId=26787this was a good article, at the end it says "The outlook for gold and silver 2-5 years out is for extraordinary appreciation. But this appreciation will likely only be enjoyed by those who have physical metals in their direct custody.So does this mean I should be buying lots of silver eagles and other silver coins? *** Moved by Staff to a more appropriate forum. ***
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Bedrock of the Community
13014 Posts |
Only if you want too. The prices are falling. The same people calling for huge gains were predicting 100 dollar silver and generally have a financial interest in it. Theres a lot of so called experts that have been wrong time and time again.
The truth is that theres no way to know what it will do. A lot of people that were buying in the 30s and 40s are down a lot of money right now, and a lot are up that bought years ago before the spike.
So to answer should you be buying it because of that article the answer is no. Its not a bad idea to have a percentage of your investment portfolio in PMs like 5-20% with 20 being the absolute max, but dont bet the house on it and just like stocks dont put any money in that you arent prepared to lose value on or need to use.
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Valued Member
Canada
470 Posts |
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So does this mean I should be buying lots of silver eagles and other silver coins? YES and buy 90% or higher of North American product and forget about numismatic/collectables if you're just starting to stack a hedge fund, because sooner or later it's all bullion in the end. |
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Pillar of the Community
United States
1599 Posts |
Prices are down, the place I buy from have increased their above spot price from $2.59 to $4.99 in the last 10 days. I'm looking for a new resource.
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Bedrock of the Community
13014 Posts |
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because sooner or later it's all bullion in the end. Only if the world collapses and we revert back to the middle ages which is highly unlikely |
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Pillar of the Community
United Kingdom
548 Posts |
It's highly questionable that gold and silver would have utility in a post apocalyptic world anyway.
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New Member
United States
48 Posts |
Oh wowie! I'm delighted! That's because I love hoarding physical gold and silver on the pretext of making it a part of my expensive collection. Even economies love hording gold http://beforeitsnews.com/gold-and-p...2494244.html So if the prices are low, it's time to invest in them. And wait till the prices to peak. Anyways, I benefit. |
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Pillar of the Community
Canada
2019 Posts |
Actually gold and silver will always have more value then cash in a post apocalyptic world, it all depends on the degree of devastation.
If its like the "Road" then ya water and food would be king, although a few bits of the shiny stuff may get you some water/food.
If its like the "Book of Eli" then it would have more value.You would have small groups of towns here and there and P/M most likely would be once again the main form of wealth.
While I hope none of that ever happens I will take P/Ms over cash any day .
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Pillar of the Community
United Kingdom
616 Posts |
It's highly questionable that members of this forum would have utility in a post apocalyptic world.
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Bedrock of the Community
13014 Posts |
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Actually gold and silver will always have more value then cash in a post apocalyptic world, it all depends on the degree of devastation. Any sort of post apocalyptic world the detestation would be unfathomable for our modern technology dependent society. Farmers in Afghanistan couldnt care less if the world economy collapses, us however we couldnt be more unprepared, even our farms run on technology now for the most part. As for what would be more valuable its likely neither would have any value for quite some time till food and water supplies were restored or made. Bills would have value as fire starters pms would have some spending power probably not much though. Either way if it happened the majority of the population would end up dead unfortunately |
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Pillar of the Community
United States
2168 Posts |
Yes, so true. Supplies would be the main thing and protection. Once the dust settled, PMs especially 90% junk could and would be used for money. As well, any current coins due to their intrinsic value and easily recognized.
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Pillar of the Community
United States
3789 Posts |
I will only say this "what is cheap, becomes cheaper".
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Pillar of the Community
Mexico
1304 Posts |
yup7676, you are such a die hard, I love it! Thanks for the reminder. (Though I am mixed on to what extenet I agree with you. Sure wish you'd enable PMs!)
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Pillar of the Community
United States
2168 Posts |
At least, for the most part, PMs have been flat and that may help to make premiums not go up and may help them decrease.
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Pillar of the Community
United States
3789 Posts |
@harrison
haha! well, as I always say, I trade trends, patterns. Its what worked for years and years for me. When it does change, I am most certainly ready to change with it because it will give signs that things are different.
Until we get some explosive buying, with heavy heavy volume, things wont change for the PMs.
I do want to note that, even tho I am profiting from the trend, that is not to say that I am against gold and silver. I want to remind everyone that I am still very long gold, I have been for a long time now, albeit at very low low levels. I think owning some silver and gold in a portfolio is NOT a bad thing. However, as I have been stating, there's going to be much better price points to purchase gold and silver if you haven't already
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Pillar of the Community
Canada
2019 Posts |
Just got this email from Goldmart.
Greetings
We are writing to inform you that currently we are experiencing some delays in processing most silver bullion orders due to the recent surge of volume and production issues from the top-down.
There currently are no delays for gold bullion products but some minor delays as our shipping department is backed up and we are working hard to get back to our standard processing times. For this reason, we clearly post our "typical" processing times throughout our website. We use the word "typical" for a reason because sometimes atypical situations like the one we are currently experiencing arise.
Right now there is a major production and supply problem for silver bullion at the U.S. and Royal Canadian mints as well as many of the private mints we distribute silver products for. These delays have created inventory gaps which have led us to adjust the status of many silver bullion products as being delayed or out of stock.
At the time of many orders, products were in stock and ready to ship, which at the time was the truth as we had product in-house, en route, as well as paid orders with distributors waiting for their production, delivery and shipment.
Currently we have pallets of 2013 Silver Eagles and 2013 Silver Maples that are en route to us now, paid for and scheduled to ship from distribution. We also have tens of thousands of ounces of other private silver bullion products en route to us, again paid for and scheduled to ship to us.
We are sorry about the inventory gap, but we too are experiencing delays in the supply chain from distribution. These same delays from mint distribution have been prevalent throughout the industry and are the predominant reason for the rise in premiums on silver bullion products.
We apologize for the delays and are sympathetic toward our customers, as we too are experiencing the same delays . . . and we appreciate your understanding.
Sincerely,
Goldmart.com
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Replies: 33 / Views: 4,936 |
Posted 04/17/2013 11:43 pm
