Precious metals are cheap now

[oyarde]

How much do you have and at what price?

Also, what percentage?

I have nothing for sale but stop by my guys place usually Wed & Fri mornings, most is 90%, some 99 .Occasionally I have some very reasonably priced numistics for sale.

 

[oyarde]

I was on the phone to buy gold at 930 est yesterday and no one picked up and I had to leave a message. $40 later I am now waiting. I have no doubt we will make new lows soon.

Looks like $1235.30 now.Silver , $19.66, Platinum $1339, Palladium $659,Copper $3.04, oil $96.49 ,Nat Gas $3.57 , there will be no more bargains, best I can guess.

 

[PaulConventionWV]

I have nothing for sale but stop by my guys place usually Wed & Fri mornings, most is 90%, some 99 .Occasionally I have some very reasonably priced numistics for sale.

Your guy's place? Am I supposed to know what or where that is?

 

[oyarde]

Your guy's place? Am I supposed to know what or where that is?

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[Dianne]

What was the "high" gold spiked too.... seems like it was almost 3,000 an ounce a year ago?

 

[Schifference]

I think Northwest Territorial Mint is the best place to obtain silver. http://bullion.nwtmint.com/silver_nwtmintbullion.php

 

[AmericasLastHope]

What was the "high" gold spiked too.... seems like it was almost 3,000 an ounce a year ago?

No gold's all time intraday high was in August 2011 at just over $1900 an ounce.

 

[Carson]

Precious metals are still just that...

it's the dollar that has gained in value.



The closet things I've see to a raise in over a decade. Well that and the other little asset defaulting gains we've made.

The BIG question is, where is the bubble bursting now, and what assets are now being written off to account for this stronger dollar?

Man I'm so stupid. It looks like the assets that are crashing out of the economy and restoring some value to the dollar is the paper gold and silver. Hard gold and silver has been holding it value and might even be doing better if it had it's own exchange rate published.

Still if it is the case then stocks are behind the times in adjusting their value.


Rick sort of brought it into focus.

http://www.ronpaulforums.com/showthread.php?419758-Rick-Harrison-of-Pawn-Stars-on-CNBC-discussing-gold-market-and-Federal-Reserve