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 Replies: 13 / Views: 1,928 |
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Pillar of the Community
United States
586 Posts |
gold @900 silver @8.5 During the process, many miners will go belly-up; as well as many jobless stackers. Plus 80% of the LCS. Time frame: 2 years.  Edited by leon1998
02/23/2015 2:51 pm
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Rest in Peace
United States
4078 Posts |
I hope your are dead wrong. |
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Rest in Peace
United States
18456 Posts |
 I hope that's just your opinion. or do you have a crystal ball  |
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Bedrock of the Community
Australia
21786 Posts |
I don't mind to whatever level the Au and Ag bullion prices drop to. I know that they will rise again.
I bought my first 1/4 ounce sovereign in 1966, for $14. I was 19 years old at the time.
England won the World Cup in that year.
I have been buying gold and silver numismatic items in dribs and drabs ever since, and have not bothered in the least at what the then current bullion prices may have been at the time of purchase.
I had to avoid buying in times of obvious upspikes in bullion prices over the decades, but that has been mainly due to the fact that I could not afford the then suddenly increased prices.
From an investor point of view, I guess that you could call it a form of dollar cost averaging yourself into a position.
I have seen many, and sometimes wild, fluctuations of bullion prices since 1966, and I keep an eye on the current bullion prices, with mild but fairly dispassionate interest.
Have always been more tempted to buy in long term periods of downtrend, because what I may be interested in becomes easier to buy. I will buy on uptrends as well however, if I like the item that I may be interested in.
Edited by sel_69l
02/23/2015 9:33 pm
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Valued Member
United States
110 Posts |
Quote:
gold @900
silver @8.5
During the process, many miners will go belly-up; as well as many jobless stackers. Plus 80% of the LCS.
Time frame: 2 years. I'm not sure what this prediction is based upon, but I hope it is correct. I have a job, so I could trade my paper (or cotton) fiat currency into even more shiny money! Bring it on! |
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Bedrock of the Community
Australia
21786 Posts |
"Buy in gloom and sell in boom"
No, that is not right.
That may work for a trader, if you are willing to take the trading risk.
Better:
Buy in gloom and sell in doom.
Haven't seen a doom yet!
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Pillar of the Community
Canada
3692 Posts |
...based on what? What would the common man possibly use that gold for anyways. Forget dollars and fill your freezer.
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Bedrock of the Community
United States
10982 Posts |
Quote:
gold @900
silver @8.5
During the process, many miners will go belly-up; as well as many jobless stackers. Plus 80% of the LCS.
Time frame: 2 years. Gold @ $1050 Silver @ 14 The pain in the commodity markets is nearing an end. I believe we'll see the bottom within 18 months. |
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Valued Member
United States
306 Posts |
I think if silver loses support @ 14 it drops bigtime...and below 10 may not be far off. I never have liked gold but one will follow the other. 2016 into early 17 will be interesting. Patiently waiting on the sidelines til then.  |
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Pillar of the Community
613 Posts |
*** Edited by Staff - Personal attacks are NEVER allowed here. Argue the topic NOT the person. We take this VERY seriously. ***
Edited by Staff - First, Last, and only warning.
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Pillar of the Community
Canada
3692 Posts |
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Pillar of the Community
Canada
2805 Posts |
Shhh, only non-peons can understand.
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Pillar of the Community
 United States
586 Posts |
@BH1964,
I am expecting an intermediate bottom at around $1085/$14; then the final bottom will be next year.
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Bedrock of the Community
Australia
21786 Posts |
Miners don't go belly up very often.
If the cost of producing ex mine prevents a profit, the mine just temporarily closes until the price goes up enough top re start production. It costs a heckuva lot to set a mine up in the first place, and those costs still need to be recovered when the opportunity arises.
Mine restarts are much cheaper than mine starts, even if a change in ownership is required.
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Replies: 13 / Views: 1,928 |
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Posted 02/23/2015 3:51 pm
