Be patient, all stocks are moving up at the same time, especially since 2009. We will likely near a top formation in all assets across the board over the next 2 years. When the next deflationary collapse happens you will likely get silver and gold 30 to 40 percent cheaper than today if history is any guide.
Watch this it might help.
To hedge your gold position, sell silver call spreads (1 week to 2 months out) on any rebound / dead cat bounce.
Please subscribe to smaulgld.com
This morning, Cheaperthandirt.com has just received a new order in of RIO 12 gauge 00 buckshot 2 3/4" shells, cases of 250 shells for $139. That's just over .50 each.
Don't know how much longer they will be in stock. That's the kind of investment I'm talking about.
“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul
It is very plausible that silver has bottomed a few weeks ago and so has gold.
We may be in the last sideways move before the next rally up.
High up, as fiat currencies are inevitably going to zero anyway.
Anyone who managed to save some fiat cash: now is likely a good or even last time to buy PMs "cheap" if I dare say. When was gold 35/oz again?
On this end, I'm dry for now, sadly. But I will again ASAP, if we're lucky enough.
"Cyril" pronounced "see real". I code stuff.
"To study and not think is a waste. To think and not study is dangerous." -- Confucius
Yes. I just bought 100 oz and the price went down. So what! Its 100 oz of silver. Not very much. I bought 4 oz of gold last month. The price went down. So what! Its hardly anything.
Are you a day trader betting on 12,000 oz in paper, with a view to move not to hold? No. Neither am I.
I'm out to save for the long term. Banks are paying jack squat in interest and holding all wealth in cash is senseless in a QE universe.
So, diversify regularly. Sometimes it'll be up, other times, down. But saving 30% in metals looks like a safe bet over the long term.
"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"
Get your long term food storage first and your ammo and guns then I would keep buying silver until you have around a monster box (500 ounces)then start to save in gold.
I will buy silver and nothing else. All I own I have to contain in a 12' x 12' bedroom, and I don't really see myself as a person owning guns. I have no problem with them, I just don't want it. I think if things tank, there will be food on the shelves because almost no one will be able to afford it. I also can only afford to focus on one thing. For me I can only have two things. Rent takes up one of those things. I don't have a car, but will soon need one, so that will take up the other thing and after that I will no longer be able to keep buying silver. Hell, I don't even live on my own. I have to rent a room in a house. I'm not saying you're wrong, I'm just expressing my situation.
Please come join my forum if you're not a trendy and agree with my points of view.
Haven't you been paying attention. All time highs, nine days in a row. Man what is it going to take to get you people to understand.
sorry, I don't know why I am feeling especially sarcastic today.
I don't think people got your sarcasm, even though you said you were being sarcastic. I upped your comment because I didn't feel it deserved to be rated negative.
Its ok , I think our patience is wearing thin. That could be a good thing.
"Its easier to fool people than to convince them that they have been fooled."
AWAY!!!! This is a GREAT time to buy silver!
Right now you'll need a pickup bed to store enough silver to equal a shoebox full of gold. That might change, of course, at least in the short term.
I did and got in at silver about $12. I knew nothing about PM's at the time. I have thanked him everyday since.
it has more upside percentage wise. It is 54-1 to gold and historically has been 35-1
at a local coin shop. If you have one of those go see them, the guys here in Tennessee beat eBay and anywhere else online by a few dollars without even trying to haggle.
The individual who refuses to defend his rights when called by his Government, deserves to be a slave, and must be punished as an enemy of his country and friend to her foe. - Andrew Jackson
as long as you aren't in a 10% sales tax state.
strictly cash, straight up. The older gentlemen I deal with don't screw around lol.
Guns would be a wise investment as well, especially with how things are going now
Democracy is like two wolves and a sheep deciding whats for dinner- Benjamin Franklin
I have a thousand dollars to spare right know. for those who are knowledgable on the subject; BUYING SILVER
Where to buy?
what is the strategy in buying? a bar, a coin, divide the thousand to small amt of silver etc?
Do you have food, guns, and ammo? If so, you don't need much spending money, and you could just buy generic bullion on the cheap. It's made to invest and hoard. This would be good for a person who is self-sustaining and maybe would need to buy or fix farm equipment.
Are you not a person who has the prepper mentality or simply don't have the resources to do so and will need spending money in a crisis? Buy "junk" silver, rather known as 1964 and earlier dimes, quarters, and half dollars. War nickels (1942-1945) are also good to have. Find a good place to buy American Silver Eagles. They have more bang for the buck than the old 90% silver dollars. Those old dollars cost the same, if not more, than your ASE and they only contain ~75% of the silver. If you want to spend even more, the mint has been minting proof dimes, quarters, and halves since 1992.
I tend to not give two shits about numismatics. I just want the silver, but the market seems to be mainly numismatic these days. Why these people add a $5+/oz. premium on the old worn circulated coins is beyond me. I can buy previous-years ASEs from a local dealer for $2.50 over spot. They don't like to do small quantities, so I am stuck buying at least a roll at a time. I also don't like how they want me to write down my information on the invoice.
load up right here...
Grab 30 of them.
Thank you so much. I have been buying on Ebay but I think I just found my place that I will be buying all my future silver.
Good choice. Add a cull silver dollar and use coupon code SILVER12 and you get free shipping!
"The more you sweat in training, the less you bleed in battle."
Other DP thread also relevant; quoting, and linked below :
"Welcome to the Daily Paul Metals thread. This thread was designed to keep all metals questions and comments in one place. (15,000 posts) We try to keep the price of Metals in the headline as up to date as possible...but sometimes it can get away from us. Feel free to ask questions about (all) investing here[...]"
This may help:
Nice, interesting find. Thank you.
I just read something on nickels as well. Just like in the 60s when silver was taken out of our quarters etc. But nickel is still in the nickels... right not 1 nickel is work .0507.... it even got up to .7 cents before the recession. Just like every step of a devaluated currency there are chances to protect yourself... go exchange your paper dollars for actual nickels. It is when bad money kicks good money out... not saying i think nickel is money but if it is worth more than the face value of 5 cents... lets make a profit
Want DP delivered to your inbox daily? Subscribe here: