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 Replies: 59 / Views: 8,218 |
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Pillar of the Community
United States
2424 Posts |
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Pillar of the Community
United States
2120 Posts |
Hmm never thought about it like that. almost makes you wanna go buy up all the silver you can. I think ill stick to my junk silver date sets.
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Pillar of the Community
United States
5820 Posts |
I am not sure about silver, but China and Russia is buying up gold to back up their reserves a lot more, just because they do not trust the US dollars can keep its value.
So I believe that gold will continue to rise until the economy strengthen, than silver and gold do go hand in hand.
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Rest in Peace
United States
4849 Posts |
I think it is a great article, though I question the wisdom in storing massive amounts of precious metals in your home.
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Pillar of the Community
United States
968 Posts |
Always take an article like this with a grain of salt. While there may be some truth to it, keep in mind that it is being written by the very same people that want to sell you silver.
I think gold and silver will increase in value for a while still. But I think the big run up is over. When the economy is bad gold and silver go up in value, when times are good they go down or stagnate. This cycle has been going on for a long long time and it will keep going long after all of us are gone.
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Pillar of the Community
United States
2661 Posts |
 at 2 billion left for investors that breaks down to 111,111,111.11111111 ounces at $18 an ounce. That is far less than all the Silver Eagles ever minted. This guy seems to be doing a little fear Mongering of his own in my opinion. |
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Pillar of the Community
 United States
2424 Posts |
well, aside from the fact that, yes, he is probably more of a fear monger himself, he does point out a few interesting things.
i feel like we have been "brained washed" to a degree about money and what to do with it. just look at the 401k's that crashed during this recent recession. if any of us with large 401k's knew where to put their money, they would have been better off.
i think that keeping some of it at home in your house, and putting it in a physical form, is safer, in my opinion.
as for now, we can't tell the future. we can only try and make better decisions.
i think after my paychecks I will put 10% into a small fund and either buy gold or silver with it. probably by the time I get enough for 1oz of gold, the price may have doubled...lol
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Valued Member
United States
258 Posts |
People are buying gold and silver because it represents REAL wealth, not fiat paper or electronic digits which were created out of thin air. This artificially created "money" is then given to governments and bankers first who used it to buy (read steal) REAL assets.
Meanwhile we the sheep get sheared via inflation (debasement of our currency) and destruction of our savings through artificially low interest rates. This is all done in an effort to continue the wasteful spending in Washington by BOTH political parties. See my signature below.... Sincerely, John Leckrone
Edited by 925dealer
05/07/2010 10:43 pm
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Rest in Peace
United States
4849 Posts |
Quote:
at 2 billion left for investors that breaks down to 111,111,111.11111111 ounces at $18 an ounce. That is far less than all the Silver Eagles ever minted. This guy seems to be doing a little fear Mongering of his own in my opinion. Wait a second. He is stating this as the amount of silver mined per year that is not consumed in electronics. We aren't talking about all the above ground silver on earth. Silver has been mined for hundreds of years. |
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New Member
United States
10 Posts |
internet stocks.....real estate....and now...GOLD!
The time to buy is not when ignorant people are jumping on the bandwagon and walking in to dealers asking "Should I buy gold?"
If anything I'd suggest finding a way to make money on the price of gold falling in the next couple of years.
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New Member
United States
46 Posts |
I experimented with buying gold coins last year, and even though this was mostly for collection purposes as I finally had enough money to buy some examples I'd always wanted to have, I realized that I'm ultimately much more comfortable buying silver and copper. It eventually occurred to me that (and the following statement may be bad logic of a novice, for all I know) the value of non-gold coins is pegged almost entirely to their rarity and so, in my eyes, they're a less volatile investment. My most valuable coin is a Half Dime, whose melt value is so negligible as to be laughable. I plan to pick up another gold coin or two by the end of the year, but this will really be in spite of, rather than because of, the price of gold. |
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Pillar of the Community
United States
2734 Posts |
My strategy for the last few years has been to buy slightly better-date
Morgans, generally in the '2× common-date value' range. This way I have
some numismatic value, not just bullion.
It would be more costly to apply this philosophy to gold coins!
('2× common-date value' is a bit more of a jump up, for pre-'33 gold)
I favor silver over gold, due to silver's real industrial uses and
its undervaluing compared to historical values.
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Valued Member
United States
467 Posts |
Hard assets are 1st and foremost a hedge against falling currencies. Beyond that investing in this asset class can and will help you to save, it's unbelievable how much money I have saved the last 2 yrs I have been buying...
One point though, when buying PM's never use money that you may need, this is a long term investment and you can lose in the short term if forced to sell.
On a side note, I believe key date numis has and always will out perform PM's, but it takes a ton of knowledge when buying numis, which I don't have much of yet. :)
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Pillar of the Community
United States
1934 Posts |
I tried to buy shared in Boston Chicken when they first opened...I had the wrong broker.
Right after the "bailout" I thought about buying stock in Ford when it was $4/share....jt still is.
I tried to buy gold through my portfolio manager about four years ago...he dissuaded me...a week ago it hovered around twice the 2006 value.
I lost 35% of my shirt before I bailed him and the portfolio in June 08...right before I would have lost 75% of it (in July/August).
I've been thinking about buying silver since I read that there's a possibility silver could go as high as $50/ounce. Of course it wont; but the writing is on the wall...it's bound to go up...my prediction: around $30/ounce within 12-18 months.
Am I a savvy investor. heck no. Ida done a lotta things differently. If I had and extra two to five thousand to invest in the silver market today, I probably would.
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Pillar of the Community
United States
5820 Posts |
I hate to say this but I don't think gold (strictly bullion) would be a good time to buy, because its near its peak. And if anybody do buy the profit would be minimal. My guess would be the high at the low of $1300 OZ.
Stock would be a better choice as its already down to the bottom or near for now.
Edited by macmercury
05/08/2010 10:26 am
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Pillar of the Community
United States
2661 Posts |
401K crashes, Housing bubbles bursting, Tech stocks falling like a rock, Gold and Silver loosing 80-90% of its value in just a few short weeks, thank you Hunt brothers. Does anyone remember any of this? It is a very risky move to put large sums of money into any investment vehicle that has seen a sharp sustained run up in price. I would approach with caution. What may have been reputable commodities dealers in the past can easily become snack oil sales men over night in a fear and greed induced buying frenzy. You should do your research and then research you research before sinking a large sum of cash into these volatile metals.
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Replies: 59 / Views: 8,218 |
Posted 05/07/2010 5:42 pm
