Precious metals

Well Im gonna have to disagree with you. Outside of oil why do countries need dollars? What is the US exporting that creates a demand for dollars?

 

Doesn't matter if you agree with me or not. They want it and see value in it because it's stable.

 

Gold down at $1200 and silver at $16.

Who's buying?

 

I bought BTO at 1.83 a couple weeks ago. Sold it last year at 3.40 and I plan on holding onto it for a while again. They are a solid company

 

Just looked into silver and made my first purchase. Wish I got in while it was in the 15’s. Still not bad buying at $16.43, trolling charts for it to dip in 16’s again so I can make another purchase.

 

I sold BTO at 2.12 last week, then the day after bought it at 1.95, the sold it yesterday at 2.10. Gold is obviously being manipulated right now and more people should be jumping onto it

 

Anyone listen about BTO? Should have. A month later and it's 2.70's. Sick gain

 

Hey just found this... I also buy silver and gold mostly silver.....

It is hard to keep buying but just know in the end the market always wins and it is a long term investment..... In the end we will be very happy.....

So keep buying guys and cost average down during this huge dip, because soon we will wish we would have got more.....

But no reason to go crazy just convert some money to metal every month.......

 

Warning,,,, I don't suggest getting ETFs but getting the physical metal...... The ETFs may be getting stripped out...... But if you have a trading account wait for the obvious rise and try to make a play..... But I prefer the mining or royalty stocks for the rebound....

 

I agree in actual physical metals. For me is what the purpose of PMs is truly intended for.

 

go ahead and bet against the American Economy...we weathered the GOP induced collapse in 08, dollar is up, gold and silver are down, mining stocks are crashing and MY retirement is in t-bills. I can buy a new tacoma a year on the interest alone.

How is your gold doing this week?

 

Yes, I’m one of those who believes American Economy is gonna drop soon (worse than 2008). Also, it be foolish to put all of one's money in one investment, whether gold, silver, stocks, ETFs, etc. At least for me, its spread out into different areas and currently situated to avoid volatility.

Also, to answer your question. Gold is down this week, so is silver.

 

While stocks can crash, bonds do well in down markets, t bills are safer than cash. however, I believe in diversity and not all my peas are in one pod. The folks who push gold also believe that superinflation is coming, for the last 8 years, while we have seen virtual deflation, look at housing, oil and consumer products. Shop at harbor freight lately?

 

I agree about gold & silver push, yet prices have dived the past 4-5 years. Just short rally periods where PM hoarders put their money in, just to dip even lower. However I find it strange, everything can keep rising in price yet these PMs haven’t. Been going opposite, I don’t know powers that be or what goes on in the background to determine the value of gold & silver. Obviously, the US Dollar vs Gold. We are very blessed to have the US Dollar as the most powerful currency in the world.

Investors with physical metals vs investors of gold & silver ETFs are two totally different people, the mentality behind it is not the same. And no, Im not a prepper. LOL.

Moreover, when you look at it. The money in our wallets (investments, etc.) represents our sweat, labor, stress, time, and more in exchange for that dollar, so I’m particular to what I purchase with it, whatever goods, services, assests. Thats why I buy and drive a Tacoma.

 

i used to do this. looking to get bac into it.

if anyone is interested in numismatic gold coins, i have some for sale.

 

PM are globally traded...if the value of the US dollar is going up is respect to Europe, gold will go down in dollars, but up in Euros. IMHO, we have been oversold on PM by the financial doomsday folks.

Now, I have been investing heavily in mechanics and fabrication tooling...those values seem to be doing well, since the items have intrinsic value, and the ability to be put to productive use with minimal wear.

Howard

 

Once you learn that the stock market is fixed and based on false information and no real stocks are exchange anymore PM look better and better....
Stock are over priced and PM are way under priced so it would be smart to shift to PM.... And we have a dollar revaluation coming soon so you are going to want PM until after the new dollar comes out....

But PM are long term insurance 5-10 years..... But when it hits we will all be happy.....

 

There is no doubt that the stocks are not a good investment for small investors, all this sideways trading and puffed up value since prime is so low. But bonds and t-bills do well is falling markets, while PM are great if the bottom drops out. I don't think the bottom will drop out.

 

I do believe the bottom can fallout (currency failure), but I don’t see that happening just yet. And with all seriousness and not speculation, the markets are gonna tumble this year.

 

A market tumble is virtually assured when the Fed raises insterest rates and the big investors will get out first and leave the little guy to bear the losses. The US currency will take a long time to fail. In 2008 the smart small investors pulled their money out months in advance of the September fall.

The US is still the world's reserve currency. And no one is going to start selling dollars in a massive way unless they want the market to drop. Which leave the chinese as the primary worry. However, their stategy has been to keep their currency low against the dollar to build trade, and if they let the currency rise to it's true value Chinese goods will go up in cost, giving us a initial walmart sticker shock, but then reduced trade deficits. What is actually happening is that Chinese goods are dropping in price as their stock market has it's own severe adjustment.

Howard