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Old 09-26-2011, 10:47   #1026
cowboy1964
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Mike Maloney has talked about the deflationary period that will happen prior to big or hyperinflation. It may be that we are entering that deflationary period now and all commodities will just get whacked. This may be the last great PM buying oppurtunity in this bull run cycle.

Last edited by cowboy1964; 09-26-2011 at 10:47..
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Old 09-26-2011, 13:20   #1027
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I don't care what the market does. I didn't get into P.M.'s 30 years ago as a money maker as much as for/if the ballon goes up.

I keep about 10% of my assets in metals and have done real well. With $400 gold, and $12 silver I am cool.
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Old 09-26-2011, 13:25   #1028
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There will ALWAYS be SOME point...at which gold is sold.

And silver.

For the purpose that it was bought for.

For some, this will happen earlier than others. Unhappily for many, earlier than expected.

For some people the S has already hit the fan. Its doing the job it was designed to do.
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Old 09-26-2011, 14:17   #1029
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We may have bottomed today. From a low of $26.xx holding steady at $30.xx. And stocks are doing well today.
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Old 09-26-2011, 21:52   #1030
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I work with a guy who takes 20% of his checks and buys silver and gold as his "insurance policy". He just doesn't believe in the dollar anymore.

Seems crazy to me...but gold and silver keep their value.
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Old 09-27-2011, 04:58   #1031
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We may have bottomed today. From a low of $26.xx holding steady at $30.xx. And stocks are doing well today.
Up to $33 already. Not that I'm complaining but this did not happen last time. It went down and stayed down. Anything can happen, but again this quick correction is somewhat in contrast to what we saw before. But I'm sure someone will arrive shortly to help explain it.

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Old 09-27-2011, 12:57   #1032
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Gold was up $75 this am. Seems to have found resistance at 1600ish, for the moment.
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Old 09-27-2011, 13:57   #1033
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Stocks are way up too. The one stock I trade on a weekly basis (a very good solid company) is seeing weekly swings up and down of 5-10% now week after week. On no real news, just general global panic and relief swings. It's just nuts.

I'm trying to buy silver but the idiots on Ebay are still paying $7-8 over spot for American Eagles.
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Old 10-06-2011, 23:41   #1034
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$32.27 right now. Very fierce resistance to dipping below $29-30. Don't know how fast it will go back up but every day there's worse and worse news on the global economy. And we ain't seen nothing yet.
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Old 10-07-2011, 05:13   #1035
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$32.27 right now. Very fierce resistance to dipping below $29-30. Don't know how fast it will go back up but every day there's worse and worse news on the global economy. And we ain't seen nothing yet.
Right, everyone is still in denail. But as I've asked before and IIRC no one commented on...Is the denial is perpetual, does this whole paper shorting, worthless money, etc...just continue as acceptable??

-Emt1581
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Old 10-15-2011, 12:04   #1036
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A gold store where I live is running a deal this week where they'll buy gold and silver 20% above spot, 40% above spot for store credit. Perhaps they're expecting something??
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Old 10-15-2011, 12:12   #1037
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A gold store where I live is running a deal this week where they'll buy gold and silver 20% above spot, 40% above spot for store credit. Perhaps they're expecting something??
I've never heard of such a thing. Anyone else?

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Old 10-15-2011, 12:28   #1038
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A gold store where I live is running a deal this week where they'll buy gold and silver 20% above spot, 40% above spot for store credit. Perhaps they're expecting something??
Weird. I assume that means they are SELLING at more 40% above spot. What a ripoff.

Sounds like a gimmick to get people to come in. I wouldn't be surprised if they have some kind of limit, like 1 oz per customer. Do you know?

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Old 10-15-2011, 12:32   #1039
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A gold store where I live is running a deal this week where they'll buy gold and silver 20% above spot, 40% above spot for store credit. Perhaps they're expecting something??

Well lets see:

Fast and Furious may lead to Hussein being impeached
Wall Street rioters are spreading world wide
NO one has faith in the dollar

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Old 10-15-2011, 12:37   #1040
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NO one has faith in the dollar
Actually that's not true. The one good thing we having going for us…


Every other currency in the world is worse off. Money still flees here, which is why the puppet show continues.

Though at some point…even that will fail.
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Old 10-15-2011, 12:51   #1041
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Actually that's not true. The one good thing we having going for us…


Every other currency in the world is worse off. Money still flees here, which is why the puppet show continues.

Though at some point…even that will fail.
I think that we are in a sinking boat, we just happen to be in the middle so we can see the bow going into the water.
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Old 10-17-2011, 20:06   #1042
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I bought several Eagles on top of some old dollar coins earlier last week just below Spot, around $32 for the good stuff and $22 for the coinage, but dealers at the Richmond, VA gunshow this weekend wanted $48 for Eagles, and $32 for junk silver. What a scam. I didn't see anyone buying at those prices so let's hope demand goes down, supply adds up, and prices drop. I wanted to pick up another $10-15 face value in old coins this weekend but at those prices I spent my money elsewhere; cases of MREs for $60 out the door and IFAK and complete suture/surgical kits for $20 each.
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Old 10-17-2011, 21:24   #1043
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I bought several Eagles on top of some old dollar coins earlier last week just below Spot, around $32 for the good stuff and $22 for the coinage, but dealers at the Richmond, VA gunshow this weekend wanted $48 for Eagles, and $32 for junk silver. What a scam. I didn't see anyone buying at those prices so let's hope demand goes down, supply adds up, and prices drop.
We see this a lot when .gov artificially pushes prices down with paper derivatives. Nobody is willing to sell at the lower price...so there is none to buy.

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Old 10-17-2011, 22:19   #1044
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Silver Eagles can be had for around $36 at most reputable online dealers and EBay.

I heard an amazing thing the other day on one of Mike Maloney's videos. He said back in 2008 when the financial crash started and silver started its rise that silver Eagles were selling for FOUR TIMES spot! Spot was like $8 and Eagles were going for $30+. Don't know if that's true but that's amazing.
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Old 10-17-2011, 22:43   #1045
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At only 4 over?

I wonder how many they would sell me if I placed a BIG order?

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Old 10-19-2011, 21:25   #1046
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View inside Chinese Counterfit Silver Coin Ring
http://www.youtube.com/watch?v=plkYm...eature=related

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Old 10-20-2011, 04:40   #1047
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Right, everyone is still in denail. But as I've asked before and IIRC no one commented on...If the denial is perpetual, does this whole paper shorting, worthless money, etc...just continue as acceptable??

-Emt1581
??

-Emt1581
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Old 10-20-2011, 06:33   #1048
cowboy1964
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Right, everyone is still in denail. But as I've asked before and IIRC no one commented on...Is the denial is perpetual, does this whole paper shorting, worthless money, etc...just continue as acceptable??

-Emt1581
It continues as long as they can keep it going. They are running out of tricks though.
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Old 10-20-2011, 15:37   #1049
emt1581
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It continues as long as they can keep it going. They are running out of tricks though.
But if their "tricks" are just fabricated nonsense...when do THEY end? Seems to me without some physical conflict (trucks stop moving, banks close up, etc.) it just keeps going...no?

Thanks

-Emt1581
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Old 10-20-2011, 17:15   #1050
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But if their "tricks" are just fabricated nonsense...when do THEY end? Seems to me without some physical conflict (trucks stop moving, banks close up, etc.) it just keeps going...no?

Thanks

-Emt1581
Or...ahem...revolution

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