I just heard an ad on Fox News yesterday predicting that because of the high demand for solar panels, silver is poised to top $100/troy ounce. Get your silver today!
I watch it every day, both for work, and personal.
Gold (and also silver) have an inverse relationship to the US dollar. The Dollar is strong due to Mr. Trump, strength of US economy, high debt levels in emerging markets (and they need to cover US dollar debt payments)
Long term - yes, the world and USA are swimming in an ocean of massive debt in printed, fiat, manipulated money. Gold should be a good hedge and investment.
But right now - all bets are off. As the old saw goes, never try to catch a falling knife.
I just bought some junk silver from APMEX when it was 15.50. Need to buy more at 14.50.
All I have are empty pockets ... but ...
Gold and silver (as well as platinum) are pretty low today, and it appears the downward trend will continue for a little while. So, it’s time to buy some PMs! Don’t lose track of the Gold/Silver ratio, as it is a good guide to go by.
Stackers, get to it!
i just sunk my life savings into bit coins... and now i cannot remember my password...
oh man.
nuts.
Will 50 oz of silver blow out the tires in a Prius? /s Hey, I may be 65 yr's old in a couple month's, but when someone puts a low hanging fastball in front of me, I have to take a swing.:-)
DO NOT use Goldline
They suck a bag of d*cks, and cheat you by putting their buy AND resell commission right into the price.
They will TELL you they are selling it to you at $15 an oz, but unless you have a calculator on you and to do the math, you might not notice that the final bill is closer to $18 an oz - and when you call them on it they say “Oh we ‘pre-load’ our commissions”
I got caught on that for a relatively small purchase and promised them I would bad-mouth them at every opportunity.
It’s an inflation hedge!
I buy 1921 uncirculated silver dollars, because they’re fungible.
Silver 52 week spread 14.345 - 18.260
Gold 52 week spread 1183.80 - 1392.30
Silver has been falling for the last few days
Storing those green monster boxes of silver eagles is a problem for me. 1oz gold eagles, much easier. Not a good way to buy, but it’s realistic.
Purposely being pushed down ahead of the coming engineered crash.
At the beginning of this year, Gold on the futures market traded at $1,390 / troy ounce (01/28/18) and this morning it is down to near $1,186. When trading opened on the US COMEX for GCZ8 in 2012, that trade was at $1,813.10 (10/01/12) and dropping steeply. The lowest trade showing for GCZ8 was on the same date 3 years later at $1,088.60 and since then it appears to have traded between the high 1300s and the low 1200s. The recent history since April of this year has been a near continuous and steady drop from $1,366.90.
I agree with a lot of the other posters here, keep watching but don’t buy big when everybody else is selling. I’m nibbling in *very* small doses as I buy single troy ounce and fraction ounce coins in silver, gold & platinum. (FYI: Platinum is at a 15 year low.)
https://www.gainesvillecoins.com/
I’ve always like dealing with these people if anyone is looking for someone.
On a side note, had a friend learn the hard way that buying an ounce of silver at spot value is only a deal if you read the fine print and realize they are selling you and oz. of silver, not a Troy oz.
Cheap is a relative term. I bought several thousand ounces when it was $4 an ounce. Still have it in case of an emergency. Bought some gold too when it was $400/ounce. Fortunately, have not had to use either.