Gold / Silver dropping - your thoughts?

[Lord Xar]

I know what most of you will say , "just buy.."

BUT, I am curious if you see it going further south?

currently --
gold: 1260
silver: 19

 

[AFTFNJ]

Let's see what happens tomorrow at 8 AM

 

[Lord Xar]

I should wake up early then

 

[mad cow]

I am loving it.I own enough that I don't feel pressured to buy but not so much that I want to see the price rise yet.

I keep this website on a tab whenever I'm on the internet:
https://comparesilverprices.com

 

[Brian4Liberty]

Euro banks lowered rates, which raised the dollar, and dropped commodities (measured against dollars).

 

[TheCount]

You're only allowed to make threads when gold goes up and/or stocks go down.

Also, "manipulation"

 

[GunnyFreedom]

I am actually getting ready for a relatively big buy. I am trying to decide when to pull the trigger. it's @ $19 right now and the trigger finger is itching pretty hard...

 

[Lord Xar]

I am actually getting ready for a relatively big buy. I am trying to decide when to pull the trigger. it's @ $19 right now and the trigger finger is itching pretty hard...

who do you usually go with?

I usually go with apmex (higher premium, but reliable), but last two buys were with amagi.

 

[KCIndy]

Buy now, if you have the means.

I'm betting $19 silver is going to look pretty good after the market implodes.

Anyone else see this on Drudge?
http://www.zerohedge.com/news/2014-...billionaires-are-all-quietly-preparing-market

Icahn, Soros, Druckenmiller, And Now Zell: The Billionaires Are All Quietly Preparing For The Plunge

"The stock market is at an all-time, but economic activity is not at an all-time," explains billionaire investor Sam Zell to CNBC this morning, adding that, "every company that's missed has missed on the revenue side, which is a reflection that there's a demand issue; and when you got a demand issue it's hard to imagine the stock market at an all-time high." Zell said he is being very cautious adding to stocks and cutting some positions because "I don't remember any time in my career where there have been as many wildcards floating out there that have the potential to be very significant and alter people's thinking." Zell also discussed his view on Obama's Fed encouraging disparity and on tax inversions, but concludes, rather ominously, "this is the first time I ever remember where having cash isn't such a terrible thing." Zell's calls should not be shocking following George Soros. Stan Druckenmiller, and Carl Icahn's warnings that there is trouble ahead.

Damn, I'm sure glad my life is untroubled by worries about where to put my billions of dollars....

 

[GunnyFreedom]

who do you usually go with?

I usually go with apmex (higher premium, but reliable), but last two buys were with amagi.

APMEX. Right now they have any quantity APMEX 1oz silver bars at 89¢ over spot. $19.95 a bar any quantity. Only reason I haven't backed up the truck yet is I should be better off in the morning getting it wire instead of debit card tonight. Once I ran my checks out setting up direct deposits I never bothered to buy any more. :-/

 

[GunnyFreedom]

pay 60¢ an ounce just to use my credit card? ugh.

 

[NorthCarolinaLiberty]

Silver? But I thought you wanted gold!

Well, I changed my mind!

 

[Deborah K]

We don't buy for profit, we buy silver for trading; gold for protection of wealth. No matter how the markets are manipulated (and they are), when shtf, metals will help get us through it.

 

[ctiger2]

Gurwitz says it's going lower

It's really looking like Armstrong's gonna be right. The metals aren't really going anywhere til after 2015. A little over a year to go! The only problem is, I'm pretty sure we're not going to like the economic/political environment this rise in metal starts taking place in.

 

[PRB]

I know what most of you will say , "just buy.."

BUT, I am curious if you see it going further south?

currently --
gold: 1260
silver: 19

barely.

it's been between 19 and 21 for how long now?

 

[oyarde]

You're only allowed to make threads when gold goes up and/or stocks go down.

Also, "manipulation"

I buy metals and some stocks every week , regardless .

 

[oyarde]

Silver? But I thought you wanted gold!

Well, I changed my mind!

LOL

 

[PRB]

I buy metals and some stocks every week , regardless .

dollar cost averaging? betting on long term growth?

 

[helmuth_hubener]

We don't buy for profit, we buy silver for trading; gold for protection of wealth.

Actually, that matches my view pretty closely and I think it a pretty wise way to look at it.

Silver, just as you say, Deb, is for trading in some sort of extreme scenario. You don't need a ton of it. A couple hundred dollars worth should be plenty. With that small amount, you can easily store it at home, and in my opinion, you should. You should get it in the form of one-ounce coins or old US coins with silver content (so-called "junk silver"). The one-ounce coins can come in convenient plastic containers you can use for storage. I don't see silver as a good investment opportunity (my opinion! I do have reasons for it, though!). Having a little bit of silver like this is just like having a 72-hour kit, or other reasonable emergency preparedness supplies. In fact, you could keep the silver in your 72-hour kit.

Gold does well in the event of high price inflation in the US dollar (above about 6%). Gold does extremely well in that event. It responds more powerfully and reliably to inflation than any other asset we know of. And so you should hold some gold so that in the event of high price inflation, your wealth will be protected.

We do not know if high inflation will come. We do not know what the future will bring. It will almost certainly not match our expectations of it. But if you have a balanced and diversified portfolio, you are ready for anything.

25% gold in case there is inflation
25% long-term bonds in case there is deflation
25% total stock market funds in case there is prosperity
25% cash in case there is a recession

Nobody knows what's around the next river bend. So why not be prepared for everything? That's my conclusion.

 

[helmuth_hubener]

Gurwitz says it's going lower

It's really looking like Armstrong's gonna be right. The metals aren't really going anywhere til after 2015. A little over a year to go! The only problem is, I'm pretty sure we're not going to like the economic/political environment this rise in metal starts taking place in.

There is no reason to believe any of these fortune teller's predictions. They do not know the future. Gurwitz's opinion is totally irrelevant. If Armstrong is "right" it will be by sheer blind luck.

Stop listening to fortune tellers, people!