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Old 12-22-2012, 10:21 AM
 
9,982 posts, read 7,268,569 times
Reputation: 5625

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Quote:
Originally Posted by jtur88 View Post
I hope the OP didn't buy gold at 1712 the day he posted this thread. It dropped into the 1630s yesterday, for a 5% loss in a little over a week.
People don't buy physical gold or PM's to hold them for a week or a month.
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Old 12-23-2012, 11:14 AM
 
165 posts, read 278,555 times
Reputation: 201
Quote:
Originally Posted by Snowball7 View Post
Thinking about converting 50%-100% of my "cash" into metals
then selling the metals as I need to use cash only "as needed".

Totally off the books also.

Thoughts ?
That's the best idea I've ever read.
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Old 12-24-2012, 12:14 PM
 
28,312 posts, read 30,890,312 times
Reputation: 28885
Quote:
Originally Posted by Snowball7 View Post
Putting 100% of my "money" in gold, silver, platinum, palladium
and also for the first time thinking of adding some more rare metals
such as osmium, iridium, rhodium, etc.

The proverbial is going to hit the fan, and even if it doesn't, governments
are only going to inflate, monetize debt. Financial infrastructure is terribly
vulnerable and manipulated. Can see "bank holiday" happening, not a joke,
and ATM cash restrictions.

Thinking about converting 50%-100% of my "cash" into metals
then selling the metals as I need to use cash only "as needed".

Totally off the books also.

Thoughts ?
If you really want to live outside the system, you need to live in a rural area where you can grow your own food, have your own water supply, live off the grid, and where you live with like minded people you can barter with.
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Old 12-24-2012, 10:38 PM
 
Location: Metro Detroit, Michigan
17,430 posts, read 16,111,665 times
Reputation: 17309
Quote:
Originally Posted by Bideshi View Post
Silver's a buy today at $29...
Yea, as long as it doesn't plummet down the line. Many believe gold and silver is nothing but a bubble. Ask them if they think it's a buy... Luckily, I bought mine much cheaper long before. I won't be buying more until I feel it's really a buy. It wouldn't surprise me at all if precious metals see a large downward correction.

Quote:
Originally Posted by mysticaltyger View Post
If you really want to live outside the system, you need to live in a rural area where you can grow your own food, have your own water supply, live off the grid, and where you live with like minded people you can barter with.
Don't forget a stock up on ammunition, assault rifles, water purifiers (to get rid of that fluoride), and a bomb shelter or two should definitely be in the works. Don't forget the 2 year supply of preserved goods and a subscription to info wars/prison planet
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Old 12-24-2012, 11:42 PM
 
Location: US Empire, Pac NW
5,008 posts, read 11,236,508 times
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Considering that most small-timer traders do nothing but chase waves and end up losing money in the long run ...

And considering people aren't stopping having kids anytime soon ...

And considering the economy is actually on the mend; unemployment is dropping, people are finding work more and more, and there's currently 600,000 unfilled jobs in the USA right now for skilled labor ...

And considering about a million other things that I am too lazy to type up ...

I would think you're bat**** crazy for getting out now. There will be a dip or three before things get better ... but story as usual the past 12 years. In another 4 the economy will be doing better. Look up secular bear market dynamics.
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Old 12-25-2012, 12:40 AM
 
Location: US
20,801 posts, read 20,327,940 times
Reputation: 16792
Yeah.... sell when the economy is low and buy precious metals when they are high!

Great logic... another sucker to the mass media... are you also investing in tin foil hats?
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Old 12-25-2012, 07:56 AM
 
18,668 posts, read 10,217,439 times
Reputation: 8165
I wouldn't sell all of your stocks and I wouldn't go 100% into anything.

However, historical coins can be a nice investment in small amounts.

They can rise due to metal price increases and can rise due to historical appreciation of collectors.

(Disclosure I am ~2% into metals including coins and miner stock)
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Old 12-27-2012, 01:46 PM
 
9,982 posts, read 7,268,569 times
Reputation: 5625
Quote:
Originally Posted by eskercurve View Post
Considering that most small-timer traders do nothing but chase waves and end up losing money in the long run ...

And considering people aren't stopping having kids anytime soon ...

And considering the economy is actually on the mend; unemployment is dropping, people are finding work more and more, and there's currently 600,000 unfilled jobs in the USA right now for skilled labor ...

And considering about a million other things that I am too lazy to type up ...

I would think you're bat**** crazy for getting out now. There will be a dip or three before things get better ... but story as usual the past 12 years. In another 4 the economy will be doing better. Look up secular bear market dynamics.
you sound like the type of person who buys a new car and loses $4000 the second they
drive it off the lot.
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Old 12-27-2012, 01:49 PM
 
83,281 posts, read 80,778,487 times
Reputation: 59318
your confusing him with me, i love new cars
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Old 12-27-2012, 01:53 PM
 
9,982 posts, read 7,268,569 times
Reputation: 5625
I have waited 3 1/2 months to take delivery of platinum ..
recently, the place I bought from called and offered substitutes
which they do not even offer for sale on their website..
not getting too much into this conversation, but instead of
Maple Leafs I chose Isle of Man nobles from the 1980s above
US Eagles or Australian Koalas.. they only did this for me because I've
waited so long. It is true, there is a separation from the "wall street manipulators"
and the REAL physical market in all 4 PM's we talk about, go ahead,
look online and see where you can by 5+ Isle of Man platinum nobles
for anything close to the so-called trading price of platinum.. you can't.
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