Should I buy silver or gold now?

[2young2vote]

If you can't afford 1oz gold you can still get some 1/10th oz gold. Monarch Precious metals occasionally sells 1/10th oz gold that is actually equal in price to a 1oz gold eagle (177.3 for a 1/10th MPM, or $1754 for a gold eagle, practically the same). I've been thinking of doing that when they have their 1/10th oz available.

 

[Albyint]

This upcoming Tuesday Im getting 500 bucks, and Im thinking of buying some silver with it. Anyone got any thoughts on Palladium?

 

[anaconda]

I would like to do this could you please post more details, but maybe in a new thread as to not derail this one. From what I have seen the banks are sitting on houses in order to drive the prices up and also to get another bailout in the future. Is this true?

I have a friend in real estate who deals with a company that does this. I do not qualify credit wise and so forth but my girlfriend just started in July and is already closing on her second property. My friend Jason has a PDF that explains the program but I don't know how to post a file from my PC to the forum. I can email you the PDF in an attachment if you want to PM me an email address for you. He's also happy to chat with anyone about it. Probably would have to be on the phone for most forum members(he is in CA). I don't want it to seem like I'm trying to sell something here on the forum. I don't get anything out of this. My friend Jason earns a small flat fee from the company for referrals. It would make a good forum topic though, because it's rather interesting from an economic and banking regulation perspective. The bizarre Fannie/Freddie rules can really help an investor right now.

 

[anaconda]

That sounds intriguing. He can hijack this thread with his info

See my response to BucksforPaul above. I'm happy to do the same for you.

 

[Seraphim]

I'll be honest, it is very cost INEFFICIENT to puchase gold at anything below half an ounce.

If you cannot afford a half ounce or more of gold per purchase, buy silver.

If you can't afford 1oz gold you can still get some 1/10th oz gold. Monarch Precious metals occasionally sells 1/10th oz gold that is actually equal in price to a 1oz gold eagle (177.3 for a 1/10th MPM, or $1754 for a gold eagle, practically the same). I've been thinking of doing that when they have their 1/10th oz available.

 

[Athan]

Hit up silver as MUCH as you can and learn how to spot silver coins. They sometimes can be found in circulation although rarely. If you have the cash, go for low denomination coins.

I have about 95 troy ounces of liver and 10 troy ounces of gold. (by buying old Mexican gold pesos down here in the border) but I started in 2007-2008 after hearing and studying up on Dr. Paul. I WISH I had bought more, but my job sucked at the time since I was part time and in college.

Back then 14 dollars for a single silver dollar and 49 dollars for a 2 1/2 peso was easy to purchase. Now, not so much. Plus once things started getting hairy in 2008, people were dropping SERIOUS cash on precious metals at a rate the coin dealer never saw before. Rich Americans and Mexicans came in and bought CASES of precious metals. I'm talking about people dropping 4,000 dollars of silver.

 

[pmbug]

... I'm talking about people dropping 4,000 dollars of silver.

People routinely place orders that big with major dealers every day. I remember being at my local coin shop once when an older guy came in and nervously asked the shop owner what he could buy with $30,000.

 

[Athan]

I understand the lack of surprise. However, this isn't a big town where this store was located. The population doesn't go higher than 30K. When people came in frequently in a series of weeks and months to drop thousands of dollars on whatever silver is available, it was because there was financial panic in the markets.

He had been doing business there or 30 years in the same spot. He had NEVER saw such business. He told me it was unique and I could tell myself ranging from the time I did business there from 2007-2009. I couldn't even buy silver on some days I went. We were both kind of shocked that people were dropping the cash they did.

 

[seapilot]

This upcoming Tuesday Im getting 500 bucks, and Im thinking of buying some silver with it. Anyone got any thoughts on Palladium?

To answer the OP question YES. Gold and silver are not at or anywhere near the peak so its a good time. On palladium, stay away from it unless a person knows what they are doing.

 

[xFiFtyOnE]

I'm betting on silver.

 

[Kelly.]

truth is, nobody knows for sure.