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In precious metals prices?
Where do you suppose the bottom is or near? Want to speculate?
Where do you suppose the bottom is or near? Want to speculate?
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www.homesteadingandsurvival.com
www.survivalreportpodcast.com
"Don't be too proud of this technological terror you've constructed..." -
in the silver at 17.25 thread... I predicted 14.00.. purely a wag! i'll hold with that prediction now. but as it falls, 14 is not looking solid.
why the drop? I don't know. it doesn't make sense..
I thought pm would go up in times of uncertain national financials... which we certainly have now.
two friends know more than me..
friend one says "gold and silver follow oil. oil is going down so gold and silver will be going down!"
friend two says... "first off, I told you so!!! which he did... then he advised that Europeans and japs are dumping gold as fast as they can because of the price of their currencies (I don't follow currencies, so I don't completely understand that relationship) I told him that I thought a lot of it was big bank (ex: JPMorgan) were manipulating the market..
he confirmed that that the banks were manipulating, because they had huge positions that only work (profit) if silver falls.
I think there is a third factor... the u.s. is in trouble... we've been blessed yet we have turned against the Creator...
and have been flying in the face of His principles and statutes. our protection by The Lord (Jesus/God) is being lifted.
have I bet in a manner that would be profitable in this market... no...
I made a large commitment when silver was 21, so right now, I'm taking a beating! no more funds for pm purchases!
looking to get more food now. -
Came to post oil...Dakotas putting the hurt on mid east oil it seems. But who knows...I'm just a Guy digging taters each day..LOLHey Petunia...you dropped your man pad!Comment
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I heard that "gold and silver run the opposite of the Dow Jones. I don't know, since the Hunt brothers did what they did in 79, I would say it is just manipulation for money. Once it is down low enough it will reverse course and so they same people that drove the price down and make more money as they re buy and it drives the price back up. The last chunk I bought was when the price was at 11, if it gets there again I will take another chunk, but im not holding my breathe. It might come down to 14.Originally posted by rockriver View PostComment
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Protecting the sheep from the wolves that want them, their family, their money and full control of our Country!
Guns and gear are cool, but bandages stop the bleeding!
ATTENTION: No trees or animals were harmed in any way in the sending of this message, but a large number of electrons were really ticked off!
NO 10-289!Comment
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Thought provoking, indeed.Originally posted by Patriotic Sheepdog View PostOr this....
Sent from my iPad using Tapatalk HD"Common sense might be common but it is by no means wide spread." Mark TwainComment
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I heard that Oil is roughly 1/15th the price of Gold (Au)."It's a trap!!!!" -- Admiral AckbarComment
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Oil and PM started dropping a few weeks ago to show "voterz" that the canib- er, I mean "communists" were their friends - "See! Gas is down 20%! 'Cause we love you!!" So vote Dem, or else.
Didn't quite work out because the "haterz" (people who've gone "off the plantation") are starting to get serious, and this year they actually voted.
GComment
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precious metals were over priced. This is just an adjustment.Comment
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I week or so ago gold had risen to 1200... a friend located a seller who had some 10 gold coins (half an ounce)
friend offered 1175 for 3 ounces... seller hesitated...
last week gold dropped to 1180 friend realized that offer was still on table and gold dropping so he sent word that his offer was
now 1155 or 25 under current spot..
I've enjoyed watching the process...
so I checked this morning... gold at 1165. offer would be 1140...
gold and silver falling!Comment
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What makes him think he's gonna get it under spot? Is he a dealer or something?
Was on Ebay last night looking at something and the main page had some count down deal thing going, might still be going now-
Came up when I went to my Ebay again.
1 oz. American Eagle $1219. delivered from Apmex on Ebay. Cheaper than what they show on their main site. It's usually the opposite and that makes sense as Ebay juices you for the listing fees, etc.
Cheapest out the door retail on an ounce I've seen in a while. I think the Republic Metals 1 oz. bars were around that on some special a few months ago, but the Eagles usually carry a higher premium.Boris- "He's famous, has picture on three dollar bill!"
Rocky- "Wow! I've never even seen a three dollar bill!"
Boris- "Is it my fault you're poor?"Comment
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why get it under spot?
the main "gold dealers" are offering way under spot to the selling public.
the pawn shops are even worse!
so for a seller to be able to sell quickly for cash green frns folks will be glad to get 25 under spot.
another friend has sent coins off to some of the big dealers.
there would be shipping costs and insurance costs and % off for melting fee.
the costs and fees made friends selling net equal less than $25. under spot... and to send it off somewhere
the seller always has to worry about something going wrong!!
both of these friends track the pawn shops and will occasionally put a short ad in the cheapy newspapers..
"I buy coins. top prices paid. confidential. call 404 123 456x "
I've never done that, but I've bought coins from both friends...Comment
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So in other words, a "private sale" not a wholesaler, OK I get it.Originally posted by rockriver View Post
I trade for PM's sometimes, but unfortunately people usually have waaaay too unrealistic values for their coins. A gal on email offered me a 1 oz. gold coin for a $2K thermal imager once. Spot gold was $1600. I guess she supposed I would be happy to take a $400. hit to get a coin she probably paid $300. for back in the day, cause she seemed genuinely pissed that I didn't take her "great deal." LOLBoris- "He's famous, has picture on three dollar bill!"
Rocky- "Wow! I've never even seen a three dollar bill!"
Boris- "Is it my fault you're poor?"Comment
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Something flakey .... again
Yep, it's getting flakey out there.
Reminds me, feels like, 1996.
Wide wide spreads and jumps.
This time, the stock market is so overly controlled and manipulated with all of the fed money going to the wall street pooftas that it doesn't ' reflect, just yet anyway. But when it does, hoo-haa.
The Swiss quietly believe the national vote that said NO to gold repatriation was crooked. Guess we;ll see what comes from that.Anyway, sit tight, ride the waves and above all, buy low.
When it does hit a real decent high, sell 50% of what you own and then start buying low again.
Takes years to to it well but we all have time until we die.
/johnComment
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More flaky
Gosh, Gold slammed down over the weekend and after hours, then last night.early morning,,,,, boom recovered all and still going up.
Dollar went down a bunch.
Wonder if this'll be the jump up.
Heck, I'm no good at guessing when a jumpup will occur.
If I was, i'd be more wealthly.Comment
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