Announcement

**prc-104** · 06-20-2013, 09:51 AM

SSDD <Same S, Different Day> That;'s about all I can say.
Remember, I'm a dumb ol country boy, dumber than a box of rocks and don't know squat.
Watching this stuff over the last 40 year I've seen it do this a LOT!
I still think PM's have validity but what do I know?
All I can say is buy on the dips. When you think it's peaked, sell half of what you got.
IMHO, don't do this with ammo cause you might not be able to replace it.

/john

**Patriotic Sheepdog** · 06-20-2013, 07:10 PM

DOW dumped 354 today and about 150 yesterday. Silver was at 19.68 about 5pm today. Remember, silver will continue to change overnight.

I don't know much, but I'm likely to buy some silver tomorrow. Is this the "correction", who knows. Friday will be a day to watch. If it continues to drop like this, then who knows what will happen on Monday after everybody has had a chance to "cool down". Like others have said, it swings like a door. Buy on dips, but you have to make the call on what you would call a dip. I'm comfortable with silver below $20, you might want it to be $15 before you call it a dip. I look at PMs as a long term investment hedge against inflation. Others want to buy low and sell it when it hits $30. I could have sold silver when it was pushing $50 and made a nice profit, and some would say I should have done that. I have other plans for my PMs later in life, so I'm holding for now and buying low.

Sent from my iPad using Tapatalk HD

**Lowdown3** · 06-21-2013, 10:46 AM

Silver around $20.

Haven't seen that for a while.

While I've always said if people can't feed their family for an honest year, and have the basics covered they shouldn't invest much in PM's- IF you are at that point and nothing else is pressing, then it may be a good buying opportunity.

**protus** · 06-22-2013, 05:41 AM

Originally posted by Lowdown3 View Post

Silver around $20.

Haven't seen that for a while.

While I've always said if people can't feed their family for an honest year, and have the basics covered they shouldn't invest much in PM's- IF you are at that point and nothing else is pressing, then it may be a good buying opportunity.

pm's, a maid and ipods are all you need ;) lol.

i wont consider buying till it dumps way lower,,and it will in time. pm's to me are like my 401k..their not a fast fix but a long term plan..i bought when it was 9$ an oz...when it gets into the teens i may buy again.. the though had crossed my mind to dump some while price is up there.

**rockriver** · 06-22-2013, 09:14 AM

coin show report... i went yesterday, friday afternoon and planned to go back today (saturday) with some friends...
not going back.

1. low vendor attendance... sponsor said some vendors had family issues and some were sick. also advised that there were 2 other coin shows in the region this weekend
2. very little 90% junk silver.. i bought 2 small amounts for 17 x and 18 x face.
one guy had 5$ in dimes and wanted 20x. he rejected my 18 x offer. they were still on his table when i left the show.
3. i saw 1 silver eagle.. it was 65$ it was mighty shiny and came with a cute blue box... i wante the kind that would have been spot plus 3.. about 23$ not at this show. i finally got one vendor to tell me that the guys had paid way more and they couldn't emotionally sell silver they'd paid 30$ for, so they just left them at home.
same thing for gold...
4. i wasn't a gold shopper, but the only gold i saw were the collectible variety coins.

i'm sure today sat.. (today) will be better attended.
the sponsors were very cordial.
the sponsor of the "perry" coin show was there as a vendor. mr. lane.
i will look for lane if i go to another coin show. very informational. fair prices.
a vendor from butler ga. was there. large guy. i'll look for him at a future show.

perry is about 5 x bigger.
yes. silver is down. but a lot of folks that are holding have put back their stash and aren't going to sell it at these reduced prices.
best option for a purchase is a private individual who has been holding for a long time. or individual who bought at 40/ounce and is scared and wants to "get out" before it goes back to 6$/ounce. or order off the internet. (in my humble opinion!)

rr
edited to add.. i saw the note about buying food first... good advice... hmm. i think my walmart will always have plenty.
and it's only 20 miles from my home. besides that, all my neighbors like me, and they will share food with me, as they know i
would be hungry if they didn't do their duty and empty their cabinets for my families benefit... and besides that the .gov will take care of all our food needs... i'm doing research on food now... ethanol is getting a bad rap. so they are going to divert corn to other uses, and food prices will come crashing down... that would be a good time to get food. lol just being a smart a@@

**All Talk** · 06-26-2013, 01:05 PM

If we want to talk about PMs as a speculative investment, well, I feel your pain, but that's no different than if you had shorted the Japanese Nissei index with me 18 months ago (ouch).

If you want to talk about PMs as a hedge against inflation, then if the PM you own now you bought a long time ago (at lower prices than today), then no worries. Inflation hedges are for when inflation is material, apparent to all, and rampant, which hasn't happened yet. You're fine. If you bought at higher than today, well, you might have some regret that you didn't buy your insurance policy cheaper, but you should only have real regrets if you think you were wrong to insure against inflation in the first place (i.e. you now think it will never come). As an inflation hedge, it is nonsensical to put to high a percentage (more than 25-50%?) of your assets into a hedge -- if you over do it because you are "sure" inflation is coming soon, then you are no longer hedging, you are actually speculating (see first paragraph above). You can go broke being right while shorting something (in this case, paper currency). That is the pain of short positions.

BUT, if your PM investments are specifically for having a store of value and a medium of exchange in a post SHTF or post-currencies world, then rejoice! Presumably there is some "amount" of gold and/or silver you would like to have stored for such eventualities (just as there is some amount of food, ammo, etc you'd like to store). Now, if you have already socked away that amount, what do you care what the market says it's worth today, any more than you care what the market thinks Facebook stock is worth today? And on the other hand, if you have not reached your plan for PM specie in your preps, you can now make progress on that front more quickly/cheaply.

That's just my 2 grams of Ag .9999 pure.

**rockriver** · 06-28-2013, 07:31 AM

pm price update...
gold 1199. as i type --- down nearly 100 from a week ago.
silver 18.74 " down over a $ from a week ago.

all talk, thanks. great comments.
rejoice!!
your last paragraph stated it well... and i'm behind the curve on the other items mentioned too!

**Irish-Tech** · 06-28-2013, 12:41 PM

Just a correction. Inflation will continue.

Announcement

silver, dow, markets???

silver, dow, markets???

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment