Precious metals

This is why you guys don't get it....
PMs are money, the US is suppose to have 8,000 tons, why do we need 8,000 tons, why is China and Russia buy up all the gold???
Because Gold and Silver have been money for 5,000 years so your short little existence isn't going to change that....
In fact the dollar was based on gold just 40 years ago.. But you don't remember that.... but that limits spending, so they detached from gold to have endless spending/ printing/ based on nothing.... Like you said, there is no shortage of oil.....

The gov can just print more money , we can't.......

I am talking wealth preservation, but it's also setting up a great trade.....

The point of this thread is if PMs are a good idea and they are, for all of these reasons....

You just don't like PMs so you're here to say don't get them....

If you knew anything about mining you would know that a huge trade is being set up.... Look it up, google any mining site....

Don't forget PMs trade world wide not just the states, like in Brazil or Cyprus they should have bought PMs to protect their wealth like India and China are...

Less production and more demand = higher price and that has nothing to do with the dollar..... The dying dollar is just the icing on the cake....

 

See we agree. Set up a new thread. You aren't talking about investing in PM's from an investment standpoint, ie buy and sell for a net market return.

Trust me, my like or dislike of something has nothing to do with anything. I don't have any personal preference for what I invest in, I just care that it makes me a good return without relying on an economic collapse to bring about that return.

 

Very good article about reserve currencies and no hype........ Just reality..........

http://www.heritage.org/research/re...-days-as-the-global-reserve-currency-numbered

On the other hand, the Chinese renminbi (RMB),[1] barely visible in international trade or financial flows just three years ago, appears to be blossoming. China is now the world’s largest trading nation, and more corporations, particularly in Asia, are beginning to invoice their business in RMB. The Chinese authorities are calling for a reform of the international monetary system to expand the internationalization of the RMB, and have recently created a number of international and regional financial institutions, which, if successful, could significantly expand the use of it.

"In the attempt to bypass the U.S. dollar as a medium of exchange, since 2009 China has signed currency-swap agreements with Indonesia, Argentina, Malaysia, Hong Kong, Singapore, South Korea, New Zealand, and the United Arab Emirates, among others."

There are no official aggregate records of central bank holdings of RMBs, in part, because they constitute a very small fraction of global reserves. However, more countries have recently begun to include RMB assets in their official reserves. For example, the Azerbaijan State Oil Fund, known as Sofaz, plans to invest $500 million in yuan (RMB) assets this year.[5] The Reserve Bank of Australia plans to put 5 percent of its reserves in RMB bonds, and Nigeria’s central bank currently holds about 10 percent of its assets in the currency. In 2012, the Bank of Japan announced its acquisition of roughly RMB65 billion worth of Chinese government bonds, and in September 2014, the British government decided to issue RMB-denominated bonds.[6]

Other countries are moving away from the dollar.....

This happening now, why do you guys lie about this??????

 

Yes I also agree, set up a new thread shr133. You don't get it. You stupid call on the dollar has nothing to do with real investments.

And you continue to ramble on and on about nonsense and the dollar falling fading and what not but the FACTS prove that even with the obnoxious debt the US is postioned better than their Asian and European counterparts.

 

Those countries are diversifying and protecting themselves while appeasing a large trading partner. Nothing spooky there. I don't think anyone here is trying to say the RMB won't grow. I think what people are saying is that it's not even growing at close to the threshold rate to matter right now.

BTW I could post a bunch of articles again about how the world isn't really ready to do much of anything in the Chinese market after the recent clusterfuck there, but again this is a PM investment thread. Not a buy PM's and hold on to your socks for the currency war thread.

 

Precious metals are not money.

Russia and China do not have all the Gold. In fact, the fear of China controlling the global economy was at its peak several years ago due to the fact that when China bought or sold Gold the global price of Gold rocketed up or down, this fear is no longer taken seriously by analysts.

The point of this thread is for discussion of precious metal investments. Numismatic coins have relevance in the discussion, but do not need to dominate it. This thread has nothing to do with the end of the world or the dollar failing or any other doomsday-prepper nonsense.

Sterdog has not said he dislikes PMs, I do not believe he or anyone else in the discussion is trying to convince people not to buy them. Many people have stated that they invest in precious metals, yet you call them a troll because you don't like that they don't take your youtube videos and pictures of coins as evidence to back up your wild world-ending claims.

We want discussion, not regurgitated garbage and childish "You just don't like... If you knew anything about..." type of statements.

This is precisely what this thread is not about. Please stop.

 

This is sound PM investment advice:

Continue to HOLD GLD and watch support of 106.5 then 103.50 and watch out for resistance up at 112 & 115

 

So silver is out performing the DOW so far this year and silver is beat up.....
But you guys are trying to hide the truth.......
Like I said the PMs trade may have just started but time will tell... I could see trowing some money at Digital PMs....

 

Wow the first investing info........ about time......... But it won't last............

 

better than a video of my inbred cousin shooting a video in his basement....

 

Oh brother. Because real investing is just buying the components of the Dow or Silver

@WheelInTheSky is dead on right about you. You bounce around topics so bad on this thread it's not even funny. You can't make a point when you're jumping around like a jack rabbit on crack around a topic that this thread isn't even about.

 

So here is some investing advice from someone that follows PMs
You can see the rise in PMs over the last weeks, this has 2 out comes....
1. like the the last 2 years could mean it falls again just like the last jump in August...
2. this could be the start, but it have have to go up from here to go in big...

I would bet small for now if you are trading.....
Physical just keep buying........
This the ETF GDX

 

We all are blind to new information.........

 

Whoa! NEWS FLASH!!!! PMs have two outcomes!

1. They could go down
2. they could go up

Thanks for the enlightenment Buddha....

 

Forgive me for my ignorance, but what information should I be extrapolating from this graph?

 

you're welcome..............

I'm saying don't get sucked in big yet, this could just be another small jump....
We are close to the bottom but no one knows for sure............
If you're a buy and hold guy, PMs are low enough unless the market drops.....
I believe the market will go down, like you said, dragging down all stocks including PMs stocks........

Physical price aside.........

 

I think silver is very close to bottom......
SLV is up .5% YTD
Apple is only up 1.5% YTD

One of the best performing stocks and one of the worst performing commodities are almost dead even YTD....

One of the easiest ways to verify your belief is to use compare on charts, it paints the true picture....

To me it shows the PMs trade is getting close..........

But I think both will drop over the next few weeks.....

 

I'm not sure why you tie everything to Apple. Every time I talk about Apple with anyone for investing they say Apple is one of the most overbought stocks out there. Even with their cash on hand they are one bad year away from pulling a Blackberry like collapse. Tech companies are always vulnerable to the fast paced market they sell in.

 

How is Apple the best performing stock? I own Apple but I also own Amazon which is up 76% YTD, wouldn't that be considered one of the best performing stocks?