Gayle,
Silver/gold did break out 5yrs ago. Didn’t last long…silver shorts (jpmorgan) beat it back down.
Sawgill
August 2, 2016 7:59 pm
Duh!
Hold of you have enough.
Buy if you haven’t stacked any coin yet.
B
August 2, 2016 8:08 pm
IMHO, it is in the early stages of a multi year run. Retaking the $20.00 level was important. It is a sort of stealth movement too because premiums are very weak, weaker than they have been in a long time, so despite the quick move up, not that much buying of physical at the dealer level anyway. Corrections are weak. Once it closes above $21, it will be off to the races. Dollar dropped below important levels which adds to the bullish case
Fabulous
August 2, 2016 8:37 pm
Buy physical, sell paper, hold miners
Rise Up
August 2, 2016 8:41 pm
Hell, I’m waiting for silver to recover to >$35/oz, which is what I paid for it back in 2011. Luckily I didn’t buy that much–mostly pre-1965 coins.
Rise Up
August 2, 2016 8:43 pm
[img[/img]
Ottomatik
August 2, 2016 8:46 pm
Im still finding it cheap, around 14-17$, so I buy with what I can afford to spend.
The paper is piled so high, it will be the bonfire to rival all others of all time, if it becomes alight.
Surely the Phoenix will arise from the intensity of the flames.
Craigslist in collectables. Cash talks for pre 65 silver. I bought cc mint silver dollars for 40 bucks each in ms55 type condition. Thats a deal beyond deals. Pre 65 bulk silver is around 15 now on craigs. Actuall 12 to 15 times face value. Not that I buy alot, but. If I can get a screamin deal I’m there.
Let me note we are 40 miles from the closest pawn shop. People sell on craigs if they need cash now and you can go to them. Puts you at the advantage as the only buyer of means.
I call bullshit. No one sells silver for 15-35% below spot, that’s retarded. Next you are going to tell me you found a gas station that sells gas 25 % off.
Yes they do, Gator. If they didn’t, coin dealers and people in the scrap market would go broke. Of course precious metals dealers and coin shops don’t sell below spot except to their brokers, but private sellers sell below spot every day.
If ya’ll will recall Ag went to $50 back around 1980 (yes 1980 dollars).
I don’t consider my Ag stash to be an investment but more of an insurance. $25 – 27 (that includes spot / I buy bars or maples) is my stop price.
IndenturedServant
August 2, 2016 8:54 pm
Buy (on the dips) and hold only! Build generational wealth. The secondary market is being flooded with silver right now because the weak hands, those that couldn’t afford to buy, those that should not have bought to start with, are selling to recover some of their “losses”. That’s a good thing because they are driving premiums down.
If you are bailing out of PM’s into fiat dollars, why did you buy PM’s in the first place? I agree with Gayle regarding the twits out there hyping metals. Plenty of sheople get caught up in the hype thinking they are going to double their money in 6 months or something. Although that is possible, that’s not a good reason, IMO, to buy PM’s.
My goal is to transition what little wealth I have into whatever comes next. Full implementation of the SDR scheme requires a 30%-60% devaluation of the dollar. Real estate, high value art and PM’s are the best vehicle for that. I’m not rich enough to go the real estate route or smart enough for art but PM’s I can handle! I started buying at $9 silver & $600 gold and I bought all the way up to the highs and all the way back down to the lows and I’ve never lost a minute of sleep ever since. I do worry about the relatively small amount of cash I’m holding though. I damn sure don’t want to get caught holding that in a devaluation!
I’m sure… You eat and pay bills with that little bit of cash. Hello.
Annie
August 2, 2016 9:19 pm
If I had the money I would already have more silver. Hold for me.
Gator
August 2, 2016 9:19 pm
Buy it, then take it boating….
Along with with all your high capacity magazine clips.
Ed
August 2, 2016 9:22 pm
Buy and hold. Get a bigger safe if necessary. I’ve been doing that since ’06.
Maggie
August 2, 2016 9:27 pm
We have put all our silver (purchased in early 2009 you do the math) and our junk silver into long term storage. We have managed, with multiple bank accounts, to pay for all the things we wanted to pay for by withdrawing cash when we stopped by various banks. While there were a couple of tellers nosy about what the cash was for, a simple comment about buying a used car or complaint about buying used farm equipment seemed to do the trick.
In the end, I discovered that walking into one bank and writing them a check from another bank for cash was the easiest way to withdraw cash.
We are very close to being broke on the books, which is the best way to be right now.
Not for me, Pilgrim. I’m not looking for a profit on the sale of gold and silver coins. On scrap I make a profit, but only because scrap gold is usually low fineness alloy, not worth keeping as an asset. Sterling scrap is higher fineness than most silver coin, but it isn’t in the proper form for use as money.
For me, the time to buy is when it’s offered to me for sale below spot and when I’m holding cash. That is a frequent enough occurrence to work for me in favor of my saving habit.
rhs jr
August 2, 2016 9:40 pm
If silver:gold is about 15:1 on earth, then silver should be about $90 per oz now. It did hit $50 in 2010 before TPTB struck; and $100 is reasonable since the money supply has maybe doubled in 10 years while the Banksters forced silver below production costs. When the Investor Pigs see the silver price going up a little, they will all race to that side of the hog trough. I’m just gonna sit here on this sack of “seeds” and convert any extra paper.
Or, since silver:gold is 15:1, then 15 x $20/oz. silver = $300/oz. gold.
Admittedly I like your math better.
Ottomatik
August 2, 2016 10:34 pm
I have been buying for years, since 99, even in the big run up, more feverish, like an idiot, I have a couple of 100 oz bars I paid 45 for…OUCH!!
But I just keep my savings in coin, almost all US, mostly Morgans.
I am buying for below spot every week. I have 2 local coin shops I have been in nearly weekly for years. They both are picking up coins for 1/2 of spot or less from walk in’s, and they both gladly pass it on to me at APMEX buy price, often better, especially if I come running cash in hand.
The prices on Junk (ha ha, junk, that’s funny, no?) have been great.
I have managed to trade all of my bullion in to coins. Look at the pricing on 20$ St. Gaudins double eagles, or 10$ indians, why buy new bullion.
I also like bags of morgan culls, I cull the winners and trade out of the slicks as opportunities arise.
Enjoy and best wishes.
Otto, that is the blueprint for how to play the game. Most don’t understand that. Props
Bourbon pete
August 2, 2016 11:15 pm
I’ve been stacking for ten years. I’m no better off for it. Would’ve been better off by buying blue chip stocks. Evil always wins. Hold on to your fiat currency. It is now illegal to acknowledge reality. Hard metals are now an illusion. The “ghost of money” reigns supreme. Having said that, I’ll buy some more silver tomorrow.
Walt
August 2, 2016 11:38 pm
That’s a no brainer. Buy and hold, of course.
[img[/img]
General
August 3, 2016 12:08 am
The scam (short explanation 1.0)
Years ago, gold and silver were the true money (see coinage act of 1792, for example). Unfortunately, due to being a bit unwieldy in large amounts, people left the money in the banks (bad idea), and the banks gave people certificates to use (which were convertible back into gold and silver). Some corrupt bankers started printing more certificates, then they had gold and silver. Eventually, the bankers paid off enough politicians, which created the Federal Reserve (core piece of the scam), and pass legal tender laws, that now we only use the certificates (with the silver and gold notation erased) as money.
The banks keep the scam going by controlling the schools (through the politicians, so-called Department of Education, better know as Department of Dys-Education) and the media (through corporations), which keep the population ignorant to the scam.
The other part of the scam is that when bankers create debt-money/credit, the amount isnt enough to pay back the debt plus interest. As such, the debt always increases in the system.
Once the system is saturated with debt, interest rates have to decrease to keep it from imploding. So we have low rates in the US, negative rates in Europe and Japan. Eventually the system can no longer hold, and the end result is the hyperinflationary boom. In theory, there can be a deflationary collapse, but that almost never happens.
When the talk is about the large amount of US debt being sold that is when gold and sliver go out of control.
Unmonitored
August 3, 2016 12:26 pm
Hold. I own some at $5 (1990’s) and some at $49 (2011) at some in between. I believe, in the near future, anyone holding under $50 will be happy and those under that, even more so. IMO.
Ottomatik
August 3, 2016 8:54 pm
I picked up 9 unopened 1964 proof sets at 12$ a set, 11$ face value in Junk for 132.00 and 4 ASE’s for 80$.
Im not a fan of the ASE’s, my dealer made me take them in the package, all nice stuff below spot.
He has a lot of stuff I wont buy like stagecoach bars and other generic, i am sure less than spot if any body is interested I would facilitate.
All I know is that for the past seven years, every other day I read that gold and silver are getting ready to break out any minute now.
Will Muck sell? I’m holding, still hoping.
PM’s are just an insurance policy against fiat.
If you happen to live in Kanuckistan, Skippy will be coming for your PM’s when the SHTF cos he sold all his gold, and he ain’t got none!
Gayle,
Silver/gold did break out 5yrs ago. Didn’t last long…silver shorts (jpmorgan) beat it back down.
Duh!
Hold of you have enough.
Buy if you haven’t stacked any coin yet.
IMHO, it is in the early stages of a multi year run. Retaking the $20.00 level was important. It is a sort of stealth movement too because premiums are very weak, weaker than they have been in a long time, so despite the quick move up, not that much buying of physical at the dealer level anyway. Corrections are weak. Once it closes above $21, it will be off to the races. Dollar dropped below important levels which adds to the bullish case
Buy physical, sell paper, hold miners
Hell, I’m waiting for silver to recover to >$35/oz, which is what I paid for it back in 2011. Luckily I didn’t buy that much–mostly pre-1965 coins.
[img
[/img]
Im still finding it cheap, around 14-17$, so I buy with what I can afford to spend.
The paper is piled so high, it will be the bonfire to rival all others of all time, if it becomes alight.
Surely the Phoenix will arise from the intensity of the flames.
Wait, you’re finding silver for $3-6 below spot?
Where? Sharing is caring!
Craigslist in collectables. Cash talks for pre 65 silver. I bought cc mint silver dollars for 40 bucks each in ms55 type condition. Thats a deal beyond deals. Pre 65 bulk silver is around 15 now on craigs. Actuall 12 to 15 times face value. Not that I buy alot, but. If I can get a screamin deal I’m there.
Let me note we are 40 miles from the closest pawn shop. People sell on craigs if they need cash now and you can go to them. Puts you at the advantage as the only buyer of means.
I call bullshit. No one sells silver for 15-35% below spot, that’s retarded. Next you are going to tell me you found a gas station that sells gas 25 % off.
Yes they do, Gator. If they didn’t, coin dealers and people in the scrap market would go broke. Of course precious metals dealers and coin shops don’t sell below spot except to their brokers, but private sellers sell below spot every day.
Otto,
You’re buying from either thieves or counterfeiters or you’re mistaken.
Wrong, Rocky. Just because you don’t know how to buy doesn’t mean that everyone else is at the same disadvantage.
Cash is king to a person that needs cash asap.
If ya’ll will recall Ag went to $50 back around 1980 (yes 1980 dollars).
I don’t consider my Ag stash to be an investment but more of an insurance. $25 – 27 (that includes spot / I buy bars or maples) is my stop price.
Buy (on the dips) and hold only! Build generational wealth. The secondary market is being flooded with silver right now because the weak hands, those that couldn’t afford to buy, those that should not have bought to start with, are selling to recover some of their “losses”. That’s a good thing because they are driving premiums down.
If you are bailing out of PM’s into fiat dollars, why did you buy PM’s in the first place? I agree with Gayle regarding the twits out there hyping metals. Plenty of sheople get caught up in the hype thinking they are going to double their money in 6 months or something. Although that is possible, that’s not a good reason, IMO, to buy PM’s.
My goal is to transition what little wealth I have into whatever comes next. Full implementation of the SDR scheme requires a 30%-60% devaluation of the dollar. Real estate, high value art and PM’s are the best vehicle for that. I’m not rich enough to go the real estate route or smart enough for art but PM’s I can handle! I started buying at $9 silver & $600 gold and I bought all the way up to the highs and all the way back down to the lows and I’ve never lost a minute of sleep ever since. I do worry about the relatively small amount of cash I’m holding though. I damn sure don’t want to get caught holding that in a devaluation!
Is,
I’m sure… You eat and pay bills with that little bit of cash. Hello.
If I had the money I would already have more silver. Hold for me.
Buy it, then take it boating….
Along with with all your high capacity magazine clips.
Buy and hold. Get a bigger safe if necessary. I’ve been doing that since ’06.
We have put all our silver (purchased in early 2009 you do the math) and our junk silver into long term storage. We have managed, with multiple bank accounts, to pay for all the things we wanted to pay for by withdrawing cash when we stopped by various banks. While there were a couple of tellers nosy about what the cash was for, a simple comment about buying a used car or complaint about buying used farm equipment seemed to do the trick.
In the end, I discovered that walking into one bank and writing them a check from another bank for cash was the easiest way to withdraw cash.
We are very close to being broke on the books, which is the best way to be right now.
Establish a trust and become destitute!
That is on the “to do” list for the winter.
Maggie,
An angry and peturbed look always works for me.
Hold. Silver is very volatile. If it drops below 18.00, or gold below 1200, I think it’s buy time.
Not for me, Pilgrim. I’m not looking for a profit on the sale of gold and silver coins. On scrap I make a profit, but only because scrap gold is usually low fineness alloy, not worth keeping as an asset. Sterling scrap is higher fineness than most silver coin, but it isn’t in the proper form for use as money.
For me, the time to buy is when it’s offered to me for sale below spot and when I’m holding cash. That is a frequent enough occurrence to work for me in favor of my saving habit.
If silver:gold is about 15:1 on earth, then silver should be about $90 per oz now. It did hit $50 in 2010 before TPTB struck; and $100 is reasonable since the money supply has maybe doubled in 10 years while the Banksters forced silver below production costs. When the Investor Pigs see the silver price going up a little, they will all race to that side of the hog trough. I’m just gonna sit here on this sack of “seeds” and convert any extra paper.
Or, since silver:gold is 15:1, then 15 x $20/oz. silver = $300/oz. gold.
Admittedly I like your math better.
I have been buying for years, since 99, even in the big run up, more feverish, like an idiot, I have a couple of 100 oz bars I paid 45 for…OUCH!!
But I just keep my savings in coin, almost all US, mostly Morgans.
I am buying for below spot every week. I have 2 local coin shops I have been in nearly weekly for years. They both are picking up coins for 1/2 of spot or less from walk in’s, and they both gladly pass it on to me at APMEX buy price, often better, especially if I come running cash in hand.
The prices on Junk (ha ha, junk, that’s funny, no?) have been great.
I have managed to trade all of my bullion in to coins. Look at the pricing on 20$ St. Gaudins double eagles, or 10$ indians, why buy new bullion.
I also like bags of morgan culls, I cull the winners and trade out of the slicks as opportunities arise.
Enjoy and best wishes.
Otto, that is the blueprint for how to play the game. Most don’t understand that. Props
I’ve been stacking for ten years. I’m no better off for it. Would’ve been better off by buying blue chip stocks. Evil always wins. Hold on to your fiat currency. It is now illegal to acknowledge reality. Hard metals are now an illusion. The “ghost of money” reigns supreme. Having said that, I’ll buy some more silver tomorrow.
That’s a no brainer. Buy and hold, of course.
[img
[/img]
The scam (short explanation 1.0)
Years ago, gold and silver were the true money (see coinage act of 1792, for example). Unfortunately, due to being a bit unwieldy in large amounts, people left the money in the banks (bad idea), and the banks gave people certificates to use (which were convertible back into gold and silver). Some corrupt bankers started printing more certificates, then they had gold and silver. Eventually, the bankers paid off enough politicians, which created the Federal Reserve (core piece of the scam), and pass legal tender laws, that now we only use the certificates (with the silver and gold notation erased) as money.
The banks keep the scam going by controlling the schools (through the politicians, so-called Department of Education, better know as Department of Dys-Education) and the media (through corporations), which keep the population ignorant to the scam.
The other part of the scam is that when bankers create debt-money/credit, the amount isnt enough to pay back the debt plus interest. As such, the debt always increases in the system.
Once the system is saturated with debt, interest rates have to decrease to keep it from imploding. So we have low rates in the US, negative rates in Europe and Japan. Eventually the system can no longer hold, and the end result is the hyperinflationary boom. In theory, there can be a deflationary collapse, but that almost never happens.
http://abcnews.go.com/blogs/headlines/2012/09/7-million-in-gold-discovered-in-dead-mans-home/
I’ll buy till I die .
RHS…is this that “sack of seeds” you’re holding ?
When the talk is about the large amount of US debt being sold that is when gold and sliver go out of control.
Hold. I own some at $5 (1990’s) and some at $49 (2011) at some in between. I believe, in the near future, anyone holding under $50 will be happy and those under that, even more so. IMO.
I picked up 9 unopened 1964 proof sets at 12$ a set, 11$ face value in Junk for 132.00 and 4 ASE’s for 80$.
Im not a fan of the ASE’s, my dealer made me take them in the package, all nice stuff below spot.
He has a lot of stuff I wont buy like stagecoach bars and other generic, i am sure less than spot if any body is interested I would facilitate.