Gold and silver prices are down

[Varmint]

Not so familiar with rounds, but this is $0.49 over spot if you buy 100 rounds. $0.74 over spot if you buy 20 rounds.

http://www.ebay.com/itm/SPECIAL-201...item4628f99dba&_trkparms=5373:0|5374:Featured

Gold maple for $24 over spot.

http://www.ebay.com/itm/SPECIAL-PRI...item1c4d51bcc0&_trkparms=5373:0|5374:Featured

 

[Finalygotabeltfed]

This might have an effect on gold and silver prices if its true. Hold onto your ass.....ets.

https://www.superstation95.com/index.php/world/1384

 

[Varmint]

This might have an effect on gold and silver prices if its true. Hold onto your ass.....ets.

https://www.superstation95.com/index.php/world/1384

The Plunge Protection Team!

Would love this to be true, but I doubt it. Besides, everyone with a brain knows the Fed is propping up the stock market, indirectly via QE and 0% interest rates.

 

[In God We Trust]

The Plunge Protection Team!

Would love this to be true, but I doubt it. Besides, everyone with a brain knows the Fed is propping up the stock market, indirectly via QE and 0% interest rates.

My PM stock has taken a bad beating. I can afford to hold what I have, but I didn't forsee the plunge we are in now. At this rate, my grandkids will be playing checkers with my Maple Leaves

 

[mclina]

I'm hoping it stays low for a bit now. The closing on my old house is in a month and I want to treat myself to a pocket full of gold maples before the kids college sucks me dry.

 

[CoastieRon]

Amazingly enough, my spread right now is only -$1.85 per oz for silver. I'm hoping for a little bit more of a dip to buy more....


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[Varmint]

My PM stock has taken a bad beating. I can afford to hold what I have, but I didn't forsee the plunge we are in now. At this rate, my grandkids will be playing checkers with my Maple Leaves

By then, the US will be paying more in debt interest that we take in in tax revenues - the only way out will be printing money, LOTS of it. Hold onto your PMs, the markets are still in la-la land.

 

[Varmint]

Amazingly enough, my spread right now is only -$1.85 per oz for silver. I'm hoping for a little bit more of a dip to buy more....

I think silver will go down and test the $14.8-$15 support level, and probably rocket up off that level.

Right now the Fed is doing their usual thing - pretending they plan to raise rates in July - so you might not see metals recover til the July Fed meeting comes and the Fed backs off for the 19th time.

 

[highscore]

My PM stock has taken a bad beating. I can afford to hold what I have, but I didn't forsee the plunge we are in now. At this rate, my grandkids will be playing checkers with my Maple Leaves

Next time it spikes, get rid of it, in the next year or two you'll be glad you did.

 

[Varmint]

$20 over spot for gold Maple ($1286). Don't know if you guys think that's a good price. They had a gold Eagle for spot earlier after Ebay bucks but I didn't buy that either.

http://www.ebay.com/itm/SPECIAL-PRI...item1a0bcd9a18&_trkparms=5373:0|5374:Featured

 

[Varmint]

$20 over spot for gold Maple ($1286). Don't know if you guys think that's a good price. They had a gold Eagle for spot earlier after Ebay bucks but I didn't buy that either.

http://www.ebay.com/itm/SPECIAL-PRI...item1a0bcd9a18&_trkparms=5373:0|5374:Featured

On hindsight, this was a damn good deal.

 

[LuvDog]

Yup. I saw a spike up $70 earlier


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[In God We Trust]

Yup. I saw a spike up $70 earlier


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I think the Brexit thing will cause a spike, but I don't expect it will last. There will be no long term financial fallout from it, just a scared market for a couple weeks

 

[Canndo]

$20 over spot for gold Maple ($1286). Don't know if you guys think that's a good price. They had a gold Eagle for spot earlier after Ebay bucks but I didn't buy that either.

http://www.ebay.com/itm/SPECIAL-PRI...item1a0bcd9a18&_trkparms=5373:0|5374:Featured

I almost pulled the trigger on that Maple. My buying has been on hold for a little while. That one almost got me.

 

[CoastieRon]

I haven't bought any PM so far this year. Have to wait until after summer (got laid off but hooked up with new gig starting in July)


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[55_grain]

Today is not the day to buy PM's. Thanks Brexit.

 

[not new guy]

Why not? Crystal ball says so?

 

[55_grain]

Why not? Crystal ball says so?

Silver ball, thank you very much.

 

[Christian]

Why not? Crystal ball says so?

Crystal ball, really?

Pfft, everyone knows important life decisions are to be made with nothing except the Magic 8 Ball. Amateurs.

 

[Win]

Looks like we should have bought right after Brexit. Who would have guessed?

 

[CoastieRon]

My spread has disappeared. I wish I had bought some this year but being unemployed put a damper on it


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[enbloc]

.

 

[Varmint]

Happy Fourth of July! Silver skyrockets up over $21/toz...

Damnit, I wasn't done buying! Bought every ounce I could manage without my wife filing for divorce!

 

[enbloc]

.

 

[FreeWillie]

Happy Fourth of July! Silver skyrockets up over $21/toz...

WooHoo!

 

[not new guy]

Looks like we should have bought right after Brexit. Who would have guessed?

I picked up a gold brittania to celebrate.

It wont last. Good time to sell a little though...

Actual physical hold it in your hands gold? Sell it? To capture $100/ oz profit or something?

 

[enbloc]

.

 

[Varmint]

I'll sell my silver when the Fed has been disbanded and silver hits $80.

 

[enbloc]

.

 

[Varmint]

I sell silver when I can replace it for less/or improve the holding.
Generic silver Santas for Engelhard bars or Eagles.
Think Precious Metal chess.

I like your chutzpah though.

If you can sell and get back lower in that's ideal. I'd probably do that if it was an ETF, just too lazy to go through the trouble to sell physical metals.