Posted on 02/22/2013 5:53:48 AM PST by dennisw
ping
Don’t panic, Kids! I’ve been in this game for 13+ years, now. My investment has quadrupled in that time, even with gold going down these past few weeks.
Stay the course, and thank me later. If you’ve got some worthless dollars to shed, buy physical gold or siolver if you can find it. :)
‘silver.’ Or ammo, LOL!
I’d say “buy the dip”, but there is no dip, really. No matter how much they beat down the paper price of metals, dealers are responding by jacking premiums.
Silver is still effectively $40 an ounce, and there are LOTS of buyers. Haven’t been buying any gold lately, but I’m sure the same thing holds true there.
With the Euro crashing, the US dollar has actually GAINED a penny in value, up to a whopping 75-cents! Go figure.
the last “death cross” was in April 2012 and gold fell about 6% from that point before rallying back and the 50 day MA crossed back over the 200 day MA in early October. The upward move from the low after the “death cross” was from $1568 to $1775 or a nice 13.2% return. It took about a month from the death cross to the low.
I haven’t shopped around, but Provident Metals currently metals has 1oz. 2013 Silver Eagles for under $32.00.
Cash price, plus $6 shipping. Using a credit card, add another couple bucks and you’re paying $40 for a BU Eagle.
On eBay, same thing basically. About $40 per coin with free freight.
At a coin shop, you’ll pay around $37 per coin. Close to a 30% premium.
Two years ago, the premium on an ASE was around 10%. Less if you had a friendly dealer.
WTF? Who in the world believes this BS. It's like reading Pravda during Uncle Joe Stalin's reign.
I'm NOT an expert and I didn't stay at a Holiday Inn Express, so beware, YMMV.
Silver at 23 and gold at 1350 is as low as it will get and I think gold won’t even go below 1425
The author is correct.
All of our financial problems that made gold attractive have now been solved and we will return promptly to the great days of the 1960’s.
Gold will become worthless.
I don’t feel comfortable carrying a wad of benjamins into a coin shop and then carrying a monster box of ASE’s out of the coin shop. Too many opportunities to get robbed by thugs casing out the coin shop. Even if you CCW, you could still get involved in a shootout. No such worries when I wire the money to Provident and Fedex delivers the coins to my door.
I certainly hope you are being sarcastic. Otherwise, you obviously don’t read or understand economics or history.
When the SHTF, coins will be more liquid than bars.
I hope that you are right, but I wouldn't be surprised no matter what the figures end up being.
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