HARRYM
NES Member
I have mastered the art of plausible deniability.........Harry, you sound like my wife!!!
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Gold and silver prices are down
- Thread starter Rider
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richc
NES Member
Varmint
NES Member
Ebay is tax free this weekend, good for buying PMs in small quantities.
Question:
Does anyone remember any contrarian indicators in and around 2009-2010 who were bearish gold/silver in mainstream financial news AND/OR the resource based financial pros? I’m trying to get a handle on the recent news that gold/silver is basically pressured to the point where many are jumping out. I understand the holding thesis for many of you. I know gold will just keep rising over time but based on many tangential investments related to it I ask this question. Technicals are vital in some respects and back in 2009-2010 the market took notice and look what happened when gold shot up to new all time highs.
Now I’m bullish gold/silver and believe we are in the birth pangs of a super cycle for gold that will diminish any competition of past rally in the PMs. The price movement is giving buyers a great choice right now. So are there any gleanings into the sentiment back then?
Does anyone remember any contrarian indicators in and around 2009-2010 who were bearish gold/silver in mainstream financial news AND/OR the resource based financial pros? I’m trying to get a handle on the recent news that gold/silver is basically pressured to the point where many are jumping out. I understand the holding thesis for many of you. I know gold will just keep rising over time but based on many tangential investments related to it I ask this question. Technicals are vital in some respects and back in 2009-2010 the market took notice and look what happened when gold shot up to new all time highs.
Now I’m bullish gold/silver and believe we are in the birth pangs of a super cycle for gold that will diminish any competition of past rally in the PMs. The price movement is giving buyers a great choice right now. So are there any gleanings into the sentiment back then?
Just for MA residents?
Dakar652, it is just for Ma; no Inducky.
It doesn’t show tax free on an APMEX purchase I’m testing out.
Varmint
NES Member
My favorite is from the bottom in 2015:
Let’s Be Honest About Gold: It’s a Pet Rock
Gold is supposed to be a haven amid hard times and soft money. So why, even as Greece has defaulted, the euro has sunk against the dollar, and the Chinese stock market has stumbled, has gold been sitting there like a pet rock?
www.wsj.com
5 paragraphs in and the paywall starts. That’s a popular one from the 2015 bottom that got referenced today by Jesse Felder on the KE report w/e addition. Funny stuff lol.My favorite is from the bottom in 2015:
Let’s Be Honest About Gold: It’s a Pet Rock
Gold is supposed to be a haven amid hard times and soft money. So why, even as Greece has defaulted, the euro has sunk against the dollar, and the Chinese stock market has stumbled, has gold been sitting there like a pet rock?
For once, you inmates have the advantage! But I can still buy new AK’s so I guess I can’t complain?Dakar652, it is just for Ma; no Inducky.
It doesn’t show tax free on an APMEX purchase I’m testing out.
Hypothetical...someone you all know (and love) has 100,000 cash to invest today...do you tell them to buy...
-ammo and guns (in that order, because if they’re here, they probably have enough guns...but nobody has ever had too much ammo)
-land (somewhere practical where food can be grown/animals raised without fighting weather too much)
-gold/silver (if this, in what ratio of each?)
-hookers and blow (hey, a mans gotta live!)
-ammo and guns (in that order, because if they’re here, they probably have enough guns...but nobody has ever had too much ammo)
-land (somewhere practical where food can be grown/animals raised without fighting weather too much)
-gold/silver (if this, in what ratio of each?)
-hookers and blow (hey, a mans gotta live!)
You already have the guns and ammo.
Buy that land.
Buy gold in 1/4oz increments or even less. Don’t fret if you have oz’s.
Buy silver oz’s en masse.
Can’t recommend hookers and blow cuz that’s not how I roll but you do you.
Varmint
NES Member
Dakar652, it is just for Ma; no Inducky.
It doesn’t show tax free on an APMEX purchase I’m testing out.
Think tax free ended at 10 pm maybe you tried after?
Yes, it was after 10pm for sure.
You guys will find this interesting
www.cnbc.com
Palantir bought $50 million in gold bars in August as cash pile grows
Palantir remains unprofitable, but its balance sheet has grown thanks to stock sales and proceeds from stock options. Now it's in investment mode.
www.cnbc.com
tinhorn
NES Member
Nobody has ever PERSONALLY asked me for investment advice. Probably a good reason for that.
Guns, ammo, silver, gold are all insurance; they won't produce income unless you're a wheeler-dealer. Insurance is good. Even better if you buy with a view toward future sales or barter. Simple is better. If I hit MassCash, I'd be into these for 10-20% of my winnings.
A small farm can provide food and shelter AND produce an income presuming you have the skills and strength to work it. This where I'd put the lion's share of my winnings.
I used to play Zillow Bingo on days with crummy weather. Could have bought 4 acres last spring with a 500 sq ft house (needed septic) in WV for under 25k. Problem was, the weather was even hotter and more humid than where I am now! If you find an area with better weather and fewer biting insects, please let me know where it is.
I don’t think I can pull up a poll here but I am curious as to when people think they have enough? Like we talkin Scrooge McDuck here or just a few stacks will make you happy.
strictly gold, let’s say
A) 1-10 oz
B) 11-25 oz
C) 25 - 50 oz
D) 50+ oz, I’m rich bitch
I’m in the A category but would like to settle in the C category to be happy
strictly gold, let’s say
A) 1-10 oz
B) 11-25 oz
C) 25 - 50 oz
D) 50+ oz, I’m rich bitch
I’m in the A category but would like to settle in the C category to be happy
B here
RumRunner
NES Member
Right now I'm in that category just above "A". But someday I'd like to be in the A category, just can't bring myself to spend that much on a single oz of something. That's why I've been buying silver. At least I feel like I have more lol
Varmint
NES Member
Buy silver now and trade for gold when silver goes nuts.
smokey-seven
NES Member
Just keep an eye on the silver to gold ratio and swap when appropriate.
Win
NES Member
I’ve had my eye on silver as it keeps working lower.
Win
NES Member
Any thoughts on how low silver might go? I'm waiting on a couple of coin dealers to post their new purchases from the ANA show but if I don't see anything that tickles my fancy I'll buy bullion silver...
What is considered a good ratio for swapping?
Varmint
NES Member
Paper silver I think will bottom at $21-22. But physical isn’t going to go much lower cause demand is so high and it’s not as easy to make as paper silver.
If you want to take advantage of the low paper price buy PSLV or something like Alexco silver (AXU) who is sitting on millions of ounces of physical silver in the ground.
AXU, Defiance Silver, FSM, AG, these are crazy cheap now.
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You can ship apmex to me tax free..Dakar652, it is just for Ma; no Inducky.
It doesn’t show tax free on an APMEX purchase I’m testing out.
smokey-seven
NES Member
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