Precious Metals New Thread 2.0

I have some physical for sale if you are intetested.

 

I've been watching the PM's and the miners for a while now. Have some physical silver and a handful of miners and the ETF's. Bought and sold some already this year.

At this time, I'm more likely take a position and sell after a few months. I personally think this bull run will go for a few years.

 

I have FNV, SLW, AG, and funds in my 401 K like INIVX and BEGIX the are like GDX......
There are also GDXJ and a bunch of other miners......... Stick to the bigger miners.....
My penny stock is just sitting there, if it starts to go I'll share.....

I think they have a way to go but if we get a correction this might be a good time to jump in....
I don't know what the market will do and if it drops if the miners will hold out....
But look like the early big money is hitting the sector and we should have a 2-5 year bull run........

And I still buying physical...........
I may have to get some eagles from freidtaco.....

But like the vid said, the sector is going to take off and it makes sense to participate..........
Trade stocks and hold physical.........

 

I don't like SLV and GLD and sold them because if they ever have an audit they may not pass and the miners are going up much faster.....

 

Silver sure took a hit today

 

Like I said a few weeks ago, I knew it was going to head lower... went up to fast, and was heavily shorted.

 

LOL... Henny Penny the sky is falling...

 

Fed’s Fischer Says Negative Rates Seem to Work in Today’s World
http://www.bloomberg.com/news/artic...-negative-rates-seem-to-work-in-today-s-world

I love it when "Conspiracy"/foresight meets reality.......

Like I keep saying the GOV is broke and the rest of the world is moving away from the dollar, so the gov will be force to do things that are not in the peoples best "interest" .....

Keep buying physical assets like PMs, keep reducing debt and living within your means.......
Don't base your retirement on 401Ks or pensions have a back up plan if they are reduced or eliminated....

 

Negative Interest Rates: A Tax in Sheep's Clothing
https://www.stlouisfed.org/on-the-economy/2016/may/negative-interest-rates-tax-sheep-clothing

 

https://www.rt.com/business/357890-deutsche-bank-gold-germany/

Deutsche Bank refuses clients' demand for physical gold
Published time: 1 Sep, 2016 13:01Edited time: 1 Sep, 2016 13:45

This is why you buy physical PMs because the digital investments are not backed by anything..........

 

Yea, scary reality about Deutsche Bank.

The last bailout was the Central Banks bailing out the regular banks, which caused the last financial crisis in 2008/2009. Now the IMF is going to have to bailout the Central Banks. IMO, this will probably lead to the next major correction we will see. I believe the IMF is going to create a world reserve currency based on the SDR or MSDR (which will be a basket of the major currencies in the SDR such as USD, Renminbi, Pound Sterling, Euro, Yen).

Gonna also be interesting to see the impact once the Yuan becomes part of the SDR basket on Oct 1st. They will obtain 10% of the rights in the IMF. Some may think that is not much, but it will be a competitor to the world reserve currency, and will give a lot of powerful countries a way to de-leverage themselves from the USD.

 

Insane times we are living in, no doubt. The Fed is really trying to keep these PM prices down, we will see how long they will do this for.

 

Anyone have any 1.25oz or 1.5oz canadian maples? I'm buying.

 

Not much news but a lot of the same....
Canada is joining the AIIB (China)
Again countries moving away from the petrol dollar to China....

Canada Applies to Join AIIB
http://www.wsj.com/articles/canada-applies-to-join-aiib-1472642406

PMs cooled off for a miniute, good time to buy physical PMs, watch PM stocks, be ready to move either way....

 

And of course the fed could not raise rates.... because we owe 20 Trillion dollars and we don't have the money and nothing to show for it...
But we did loose 6 trillion.......

Fed keeps interest rates unchanged, signals fewer future hikes

 

Great time to buy PMs with this current push downwards,

 

Yeah good time to load up again...
I when the price goes up until I need to buy...

This price jump this year is way ahead of my scheduled...
So it's nice to be in positive money for my long term investment....


Bunch of little/big things happening....

 

http://www.msn.com/en-us/news/world...nk-accounts/ar-AAk22jY?li=BBnb7Kz&ocid=ASUDHP
Brazil federal government freezes Rio bank accounts
One of the BRICS is in trouble...
Good article to what will happen here at some point unless someone changes our direction drastically...

The Brazilian government has frozen the bank accounts of Rio de Janeiro state, ordering it to pay millions of dollars in overdue debt.

Many public workers have not been paid in months. Rio de Janeiro has been struggling with a long-standing financial crisis because of a drop in global oil and commodity prices.

It declared a financial emergency ahead of the Rio Olympics earlier this year.

State governor Luiz Fernando Pezao announced austerity measures last week.

He said that unless they were approved, the state could not guarantee that workers would receive their full salaries next year.

The Rio financial secretariat said the state was "blocked from making any kind of payment until the amount it owes the state has been paid".

The state has been hard hit by Brazil's worse recession in a century, and officials say it owes the federal government about $53m (£43m).

With tax revenues dropping, Rio has already made sharp budget cuts.

On Friday, Governor Pezao announced more austerity measures, including cuts to social programmes, a tax increase for retired people, a sales tax increase and a transport fare rise.

Mr Pezao said he would travel to the capital Brasilia to negotiate with the federal government.

Officials told Reuters news agency that they hoped to have the accounts unfrozen in the coming days.

 

They may have waited for the election to crash the market....

So play it safe and watch your investments....

I would ditch any bad stocks that start to drop... Cut losses early...

I should be in position to be OK...

 

I think the market is gonna crash just fine on it's own tomorrow