Silver madness!

r3volution 3.0 said:
GSR near the all time time, starting to drop with this month's surge in PMs.

If had gold, I'b be thinking of swapping it for silver right about now.
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Speculative. You are not likely to ever come out with above-market results with this kind of attitude/perspective, or even par-with-market results.

For me, I would just buy gold and silver for the inherent characteristics they possess, not for predictions and speculations on what the market may do (it probably won't). And then just calmly, peacefully hold them, as those inherent characteristics are unlikely to change (the market, on the other hand, will change wildly and frequently).
 
Metals moving today . Gold closed up 15.70 , silver up .22 , Platinum up 11.00 , Palladium up 23.00 , Ask price for Rhodium is still 890.00 , copper down 1 percent at 2.68 , natural gas up to 3.19 .
 
oyarde said:
Stock Markets look pretty depressing , I pulled everything out except 30K worth earlier this Yr, getting ready for retirement by potato planting time .
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Well, with over a year of hindsight... Not the greatest move on your part. If 30k was some fraction of what you previously held, you deprived yourself of thousands, if not tens or hundreds of thousands, of dollars of equity..

Misplaced optimism has a cost, but so does misplaced pessimism
 
Dforkus said:
Well, with over a year of hindsight... Not the greatest move on your part. If 30k was some fraction of what you previously held, you deprived yourself of thousands, if not tens or hundreds of thousands, of dollars of equity..
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Oyarde deprived himself of imaginary dollars in a digital stock account that he never owned, which he could have possibly converted into physical metals. Not of it was ever his. Some folks, however, feel that a bird in hand is worth two in the bush. Alchemy isn't for everyone ;)

Misplaced optimism has a cost, but so does misplaced pessimism
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Ignorance has an even higher cost than both. Placing faith in imaginary digits in digital stocks in brokerage accounts that one never owns is rather ignorant. Btw, the stock markets are going up because the FRN is quietly being devalued. Both stocks and metals are hedges. Only one is in the hand, though.
 
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Dforkus said:
Well, with over a year of hindsight... Not the greatest move on your part. If 30k was some fraction of what you previously held, you deprived yourself of thousands, if not tens or hundreds of thousands, of dollars of equity..

Misplaced optimism has a cost, but so does misplaced pessimism
Click to expand...
Actually , I feel pretty good about being out . I retired . Stayed in long enough to get back everything I lost from the last crash and I could care less about the next crash . I make as much money now piddling around as I did working , that is priceless .
 
This morning , Silver @ 18.16 , Gold 1248.00 , Platinum 1010.00 , Palladium 772.00 , Rhodium 825.00 , West Texas Oil 53.40 , Brent Crude 55.81 , Heating Oil 1.64 , Nat Gas 2.83 , Copper 2.71 , wholesale gasoline 1.52 .
 
kfarnan said:
You forgot btc: $1153. Nothing has performed better.
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You are correct , I should have listed it , also the NASCRAP down 38 , S & P flat at minus 2 and the Dow up 25 to 20,800 ( to the moon , until the next 50 % drop , I suppose ) . Swami Danke would have advised buying silver @ 16 1/4 .
 
Time to get the Silver Madness cranked up . Gold @ 1259 , silver 18.32 . So , how much would you have to pay for a silver Eagle ? 22.5 ?
 
My local shop moved Silver Eagles today from 21 to 22 , one whole roll of 2017's left at 21 ea if you took the whole roll for regular customers ( remainder of those rolls sold today ). Next batch in will be higher I imagine . I bought a silver 1 oz bar ( last one , only 10 oz bars left that just arrived today ) and a 1983 S silver LA Olympic Proof Dollar for 37.50 .
 
Good time to buy ? Gold down about 30 and silver down about 1 in the past week or so.
 
Last week I picked up a dozen 1 ounce sterling Canadian 80's Olympics 20 dollar face value coins .
 
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