Precious Metals New Thread 2.0

Not a lot of new news........
Puerto Rico is defaulting.......
Detroit out of money and teachers are striking..... Don't rely on just a GOV pension to retire, the plans are ponzi schemes and unfunded...
Saudi US relations falling apart.........
The market is coming off the top and may be dragging down PMs with it, we'll have to see.......
Silver finally broke off the bottom since China opened their exchange, lets see if it holds.......

http://money.cnn.com/2016/05/02/investing/puerto-rico-default-may-1/

 

Up 130% so far on my 2014 Kookaburra coins......
This is why you don't buy cheap silver generic coins and bars, they have bad resale value........
Buy eagles or maples for tax reasons and good resale....
Or quality coins so they will appreciate in a few years......
I'm up over 130% and silver is just starting to take off........
Buy quality coins when they are within 1-2 dollars of eagles......
I have some of all types of silver and good quality coins are the best form of physical PMs.........

 

Whats considered quality coins and bars?
I own both good (eagles, maples) and generic coins and bars....

I dont understand why they are up 130%? I thought because its a quality coin it would have a higher premium above spot price and it would keep the same. Example..$18 spot price + $4 premium = $22 coin.

And with generic you might pay $0.75-1.50 over spot...

I'm still learning

 

Eagles and maples are the best coins to start with.....
Dealers like these coins and will pay more so they are easy to sell, get a better premium and are tax free.....
Pert mint coins have lower production and are higher quality.....
So after you have a good amount of eagles and maples you could start getting some semi numismatic coins...
But you have to buy them early during their release to keep the premium low....

So the coin I showed above I paid around $21-$22 about 1 dollar more than an eagle and now is going for $45-$49....
I may have to ebay those but a dealer would still pay 30-35 so I'm still up.....

I like good name brand coins, eagles maples, pert mint ect so people know what they are getting when I decide to sell....
Over time APMEX, Sunshine, Englehard and other mints may ok but they are taxed...........
If silver goes high enough people will be scared of buying big bars....
Just ask your dealer which coins they like best, and how much they pay for each type of silver...
Coins are impossible to counterfeit at these prices, that's why coins are the safest bet for good resale....

No one knows for sure what will be the best coins 5-10 years from now so we have a little of every thing...
We do know the cheap silver is the least desirable and has the lowest resale value....

When silver goes to $200 plus I want to have have quality coins to sell when the time comes...

 

The best way to research coins is to look up coins and than look up 2-5 year old versions and see what the price is....

Eagle go up a few bucks, some perth mint goes up a lot.....

Look for low production coins with low premiums...

And sometimes I just buy coins I like, some coins are for me but most are for resale, so I look for resale value....

And as silver goes up we can start buying 90% silver US coins again....
They are going for around $30-$35 and oz but is out of production and a lot of it has been melted down.....
And they are also tax free because they are money.......

 

So what's should be a good ratio of coins (eagles, maples, semi numismatic, bullion, etc) bars (10oz and 100oz), junk silver?

Why would people be scared of buying big bars if it goes high enough?

Also, if silver goes up, dont dealers usually only give you $1 over spot on eagles... but wont be as high for bullion, bars or junk.. im just trying to understand whats the best bang for the buck. Especially when you want to reduce the cost over spot vs. When you sell back at a close to spot...

 

You have to check resale in your area, but if they pay $1 over on eagles they may pay $3 under or less on generic....
You pay more for eagles but get it back and some times more and they are easy to sell.........

Counterfeiting, coins are impossible to counterfeit accurately and dealers will want to drill and test big bars.....
Plus if silver is at $250 a 10 oz bar would be $2500 so you may be limited to selling to dealers...

There is no real answer, but I would limit generic silver because of lower resale and limit generic to larger mints like sunshine....
There is no real advantage to get bars, I have a few but don't buy any more...
I would load up on eagles and maples they will be the best over all value for resale and taxes.......
Next I would get 90% silver when the price is closer to the price of an eagle.... Right now 90% is 30 an oz that's high but who knows 90% may never go back down........
After you have a bunch of eagles and maples I would look for coins to make a profit on......

 

So i'm currently at
37% eagles and maples
37% perth mint and semi numismatic coins
8 % 90% silver
18% generic coins, bars and all other coins that may have some numismatic value and coins I just like....

10% fractional silver....
85% 1 oz coins
5% over 1 oz

You need to have a strategy on how and who you will be selling to.... Personally my plan is not to sell large bars but to sell coins or tubes of coins....
But some of everything is the safest bet......
Make a list of coins and buy the best value when you buy.... I have bought perth mint coins for the same price as an eagle

I would like to get more fractional silver / 90%...... But the price has been so high.... But I keep checking.....


If you want volume look for cheap used generic silver, they don't need to be pretty just cheap, silver is silver.... Buy the tarnished ones for dirt cheap and clean them with tarnX and water, they will look like new again...... Make sure they have the weight, mint name and .999 on the coin or bar...

For good quality coins get eagles, maples and 90% silver..........

For semi numismatic coins pert mint are a good bet..... I will only pay a few dollars more than an eagle....

I don't buy numismatic coins.... Yet.........

 

What is going on with these swings in Silver the past 2 weeks... up .50, down .45.. yet it eclipsed the 600DMA.... is it poised to go back down or is it floating here for a while at 16.95-17.50 before it makes its next move up to $20+?

 

Not sure what's going on, they have been buying huge shorts, they are trying to bring it down but the price isn't dropping much....
I was worried it would tank a few times but seams to be holding steady.....

I think China is content with slow gradual gains, so I think that's what we'll see.....

But it's a battle over the PMs price but the west is out of metal.....

If the price goes too much higher the shorts are going to have to back out, but they are at record highs right now....

And now China is buying up the silver and that won't last long before something gives...

So I'm still stacking, I don't think there will be many corrections to buy on, so I just buy if it goes down at all.....

SO for now I would say stay put and hold on.... The miners are holding so everything should be good........

If you're buying physical just keep buying, for trading stocks wait and see what happens this week.......

I'm all in on my mining stocks back in January so I'm set.. I have a good cushion to play with... If I see a correction I may sell some and keep some..... But I'm holding out I think there is much more up side than down side right now.....

 

We should know by next week ....

 

Trump: U.S. will never default 'because you print the money'
http://www.cnn.com/2016/05/09/politics/donald-trump-national-debt-strategy/

Here is #1 way they plan on paying off the debt.... and he's the Business man.......
and the other's what to spend even more money............
Bottom line the dollars value will fall in value , that is what is happening with all the wars and all the friction with other countries...
They are getting rid of their dollars and using alternatives and we don't like.........

For the first time in the US there will be more people taking money out of pensions, 401k and social security...
These are all ponzi schemes, but now the out flow will be more than the inflows...
So you need to diversify out of US dollars and into hard assets..........

Even on this site we have people trying to convince us that only stocks are "good investments"
You have to think for yourself and protect your future yourself......

 

No way , Trump has a flawed policy ?

 

Flawed policy by the biased sourced media.

I'll take Trump any day over Bernie or Hillary. He actually runs a business vs. The other two leaches.

Thanks Steve for the updates. I couldn't agree anymore regarding getting into hard assets. What's your definition of hard assets? I'd love to learn more on what specifically to be doing in these troubling times.

Do you think the the ($7trillion+) 401ks, 457s, Roth IRAs, etc will eventually be tapped somehow by our government, if we don't get a regime change, so they can pay for their socialist entitlements, and whatever else they do?

 

good luck

 

I don't think they can get away with stealing all the bank accounts and retirement accounts through either cyber attacks or bankruptcy....
But so far the bail ins have closed all banks for about a year
I believe just a few big banks will go bankrupt and just those people will loose their money...
I believe they will also be devalue the dollar by at least 50%...
They will also seize foreign investments from Saudi Arabia for supporting "terrorist"
The rest they will just default and not pay, like the gold backed bonds that are still out there...
They will also default on SSI, pensions ect or reduce the value through inflation " money printing"

The best things to do are to be smart with your money...

1. Live below your means, don't live check to check
2. pay off debt, credit cards ect....
3. reduce cash flow, take advantage of long term low rate loans
4. get healthy, don't be dependent on medications

Hard assets are any real physical item that holds value or is needed to live....
So owning Physical PM coins not a digital ETF............
For assets you need to have

1. Have a high mpg car/truck either paid off or a low payment 200/300 minimum payment....
2. a reasonable sized house with either lots of equity with a long term loan with a low minimum payment
3. or a smaller house with a low payment....
4. Physical cash...
5. Physical PMs silver and gold coins...
6. Your own business or have side jobs for additional income and a back up plan if you loose your job...
7. rental property or farm land
8. Buy things you need now, clothing, gear, home repairs your money will buy you the most right now take advantage of the strong dollar while you can....
9. a few months supply of food and water.....
10. Guns and ammo and related gear....

No one knows for sure what will happen all you can do is plan for bad finance times, learn what's happening in Brazil, Venezuela, Cyprus, Greece ect, because that could lay some of the ground work for what will happen here....

 

Huge smack down today......
Funny how every PMs investment has the same exact chart on smack down days........

Lets see how long this last, a day, week, month...

If we get a good price drop I will defiantly buy the dip, this may be one of the last low price buy points....

 

The Federal Reserve's Explicit Goal: Devalue The Dollar 33%
http://www.forbes.com/sites/charles...icit-goal-devalue-the-dollar-33/#401b18b47865

old news but this what they admit to, so double that and cut the time in half will be more accurate...
They target 2% inflation a year but printing well over 12% of money per year...

 

Whats considered the dip? As we speak its down almost $.50 which is a big mive for silver.. take into consideration with yesterdays drop as well... ive been buying on all these dips, just wish i would have waited today to make the purchase...

I guess you can never know when its going to head back up, which is why anywhere near these prices, that buying on the dip is good.

What do you think about SLV, or the miner stocks? Talking on the phone with my uncle yestersay, he explained why those are the better buy, since you dont have to hold any PMs and you dont have to pay a premium on the silver... he said, when has ktever hit a doomsday scenario where physical is superior? I know he holds some physical but predominatly in miner stocks and slv, gld, etc.

He mentioned XLE as well since energy sector has been in the dumps

 

Well Stevie, It's been a month

To clarify your original prediction was first that silver was going to be at $17.00 +/- $0.25, but then you changed it to just that PM's would be above what they were currently at. You also predicted that the DOW would be down, but you stated you didn't really care about that one.

And just to freshen your memory, silver was at $16.97 on the 19th of last month, gold was at $1255, and the DOW was at 18,050.

So where are we now? Gold is unchanged(aka NOT up), silver is $0.50 down(aka NOT up), and the DOW is at 17,400(aka DOWN). And 0 for 3 on the PM's related predictions..

Congrats bud, you went a whopping 1 for 3 on your predictions. 1 for 4 if you include the prediction of silver being at $17 +/- $0.25.

Want to make some more predictions? I mean they've gone super well for you so far

How a bout your prediction from a month from now again? You love to tell us all whats about to happen, so why don't you put a number to it instead of just wild claims.