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Posted: 12/15/2016 8:35:51 PM EDT
[#1]
$12 ish for me
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Posted: 12/15/2016 9:05:45 PM EDT
[#2]
Quote HistoryQuoted:
Silver and gold are rapidly moving into buy territory. Yes, interest rates are up. For now. But much of the world's uncertainty hasn't gone away. Russia is still waging war in Syria and in Ukraine. China still wants Taiwan, and is continuing to threaten in the South China Sea. The sustained low price of oil will cause problems not just in Venezuela and Russia, but increasingly in the Middle East. And let's not forget Greece, Brexit, and the EU, none of which are settled or sustainable. And someday, all of the worldwide monetary easing is going to have an effect, i.e. inflation. The markets are not always rational and reasoned in the short term, and right now, precious metals look more like lemmings than bears. spot on , hank |
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Posted: 12/15/2016 10:01:03 PM EDT
[#3]
Quote HistoryQuoted:
That would explain the 0.3% pay increase next year I got 3.6% Is a pay increase only tied to inflation? |
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Posted: 12/15/2016 10:08:02 PM EDT
[#4]
Quote HistoryQuoted:
Dollar just reached a 14 year high. Winner winner! |
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Posted: 12/15/2016 10:09:21 PM EDT
[#5]
Quote HistoryQuoted:
Buying physical silver for cash is "Playing with fire"? Explain. <img src=http://www.ar15.com/images/smilies/smiley_confused.gif border=0 align=middle> That's not what I said. The op asked why silver tanked.....which means he's concerned as to why his silver is worth less in USD. So that means he bought it to hedge/speculate. I know why you buy PM, which is somthing I don't do, but I understand the theory. |
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Posted: 12/15/2016 10:10:35 PM EDT
[#6]
Quote HistoryQuoted:
If the $ keeps going up who knows. I bought most of mine for around $4 many years ago, so my new level will be $4-6. Thats when I bought the bulk of mine... I would happily buy again at $8 considering I doubt we will see $4 again in my life. |
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Posted: 12/15/2016 10:10:42 PM EDT
[#7]
Quote HistoryQuoted:
I'm waiting till it drops under ten dollars, then I want to buy a real bar (100oz maybe) or two, just to hoard like a pirate! Dont buy 100oz bars. You'll get screwed when you sell. |
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Posted: 12/15/2016 10:12:53 PM EDT
[#8]
I started collecting sliver ounces after I found one on a the floor when I was in 4th grade...almost 50 now.
SILVER IS A POOR INVESTMENT Had I placed all the money I have spent on silver into something else I would be further ahead. |
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Posted: 12/15/2016 10:52:08 PM EDT
[#9]
Quote HistoryQuoted:
I would look at gold way before buying any silver. Silver has been absolutely bat shit crazy the last decade. You think it should go up? Nope it's gonna go down. Strong indicators that it should go down? Fuck off, we're going to the moon! It's also not used commercially/industrially as much anymore so the actual demand for it is down. One of my best friends used to be a precious metals trader on wall street when we were roommates, and he hated silver because it was so volatile. Gold is much more stable, and less of crazy bitch. The drawback to physical platinum is you usually have to buy it in one ounce pieces to pay anywhere near to spot price. Fractional platinum coins have a ridiculous premium over spot... even the 1/4 oz coins often sell for 40% over melt, whereas the 1 oz coins can be had for about a 10% premium which is much more reasonable. The 1oz platinum Canadian maple leaf coins are an excellent value and can be had with a lower markup over spot compared to the 1oz US platinum eagles. Another drawback is that each platinum 1oz coin will be a roughly $1000 investment tied up in a single coin... if you are buying precious metals with a plan to use them in a SHTF barter economy then platinum is not a good choice. If you want precious metals for use in a barter economy you would want to look at 90% silver dimes, quarters & half dollars. Also, the Canadian mint has started selling one-gram legal tender gold coins encapsulated in plastic. These are only 8mm diameter and are a great way to get into fractional gold while still having the backing & name recognition of a government mint as opposed to a 1 gram gold bar from a private mint. APMEX - Maplegram 1 gram gold maple leafs |
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Posted: 12/15/2016 10:55:49 PM EDT
[#10]
Quote HistoryQuoted:
Dollar just reached a 14 year high. YouTube - All Time High  Octopussy - All time high - Theme James Bond 007 |
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Posted: 12/15/2016 10:56:34 PM EDT
[#11]
Last decade + sure looks like a head and shoulders pattern.
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Posted: 12/15/2016 11:13:05 PM EDT
[#12]
Quote HistoryQuoted:
If you don't buy it, it will go up. If you buy it, it will go down. Yep Bought six 2016 Eagles last week at $21 for the grandkids stockings last week 
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Posted: 12/15/2016 11:18:23 PM EDT
[#13]
Quote HistoryQuoted:
I started collecting sliver ounces after I found one on a the floor when I was in 4th grade...almost 50 now. SILVER IS A POOR INVESTMENT Had I placed all the money I have spent on silver into something else I would be further ahead. So is gold , but as a hedge against inflation it works. No one buys precious metals to get rich, its to protect your wealth. Having said that I made a litte bit of money on my silver a few years ago when it got near the $40 mark. Truthfully I should have sold it all. |
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Posted: 12/15/2016 11:27:24 PM EDT
[#14]
Quote HistoryQuoted:
That's not what I said. The op asked why silver tanked.....which means he's concerned as to why his silver is worth less in USD. So that means he bought it to hedge/speculate. I know why you buy PM, which is somthing I don't do, but I understand the theory. Quote HistoryQuoted:
Quoted:
Buying physical silver for cash is "Playing with fire"? Explain. <img src=http://www.ar15.com/images/smilies/smiley_confused.gif border=0 align=middle> That's not what I said. The op asked why silver tanked.....which means he's concerned as to why his silver is worth less in USD. So that means he bought it to hedge/speculate. I know why you buy PM, which is somthing I don't do, but I understand the theory. Never mind. Pointless to try |
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Posted: 12/15/2016 11:31:08 PM EDT
[#15]
Buying silver rounds at $10.00. The stock market is growing by leaps and bounds everyday so anything is possible.
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Posted: 12/15/2016 11:33:05 PM EDT
[#16]
Anything under $6.00.
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Posted: 12/15/2016 11:34:44 PM EDT
[#17]
Nobody but ancient kings cares about silver, and they're all dead.
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Posted: 12/15/2016 11:44:24 PM EDT
[#18]
Quote HistoryQuoted:
Just amazing! Perception is reality. The U.S. has more debt than probably every other country combined and the dollar is strong? He said stronger, not strong. Reading is fundamental. |
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Posted: 12/15/2016 11:53:46 PM EDT
[#19]
Quote HistoryQuoted:
Never mind. Pointless to try I'm lost here...sorry |
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Posted: 12/15/2016 11:55:38 PM EDT
[#20]
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Posted: 12/16/2016 12:08:48 AM EDT
[#21]
The laws of successful investing: Buy when everyone is selling and sell when everyone is buying. It takes stomach, though.
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Posted: 12/16/2016 12:11:16 AM EDT
[#22]
Quote HistoryQuoted:
You guys are puzzled as to why silver is down and play in the PM space.....<img src=http://www.ar15.com/images/smilies/smiley_freak.gif border=0 align=middle> You guys are playing with fire and don't even know it. THIS 
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Posted: 12/16/2016 1:29:24 AM EDT
[#23]
Quote HistoryPerfect. Thank you. Got one for gold against silver? |
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Posted: 12/16/2016 1:33:00 AM EDT
[#24]
Quote HistoryQuoted:
I started collecting sliver ounces after I found one on a the floor when I was in 4th grade...almost 50 now. SILVER IS A POOR INVESTMENT Had I placed all the money I have spent on silver into something else I would be further ahead. If I didn't buy car insurance I would be way ahead too. |
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Posted: 12/16/2016 2:07:30 AM EDT
[#25]
Having a good strategy for buying physical silver will mitigate your ownership to spot price. I've posted about it before, but certain types of silver will go up in value do to numismatic value. But you're always paying a higher premium. Many people understandably hedge with "house" bullion, but this makes you a slave to the whims of the commodity. Spend some time on eBay watching newish sovereign bullion. I'm still kicking myself for not going all in on the America the Beautiful series early on.
So in good times the collectible market will be available. And in bad you can still be King Shitlord of the neighborhood. |
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Posted: 12/16/2016 6:03:01 AM EDT
[#26]
Quote HistoryQuoted:
If I didn't buy car insurance I would be way ahead too. Quote HistoryQuoted:
Quoted:
I started collecting sliver ounces after I found one on a the floor when I was in 4th grade...almost 50 now. SILVER IS A POOR INVESTMENT Had I placed all the money I have spent on silver into something else I would be further ahead. If I didn't buy car insurance I would be way ahead too. LOL I've got to remember that one. |
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Posted: 12/16/2016 8:37:06 AM EDT
[#27]
Quote HistoryQuoted:
Arfcom told me to buy silver as a hedge against inflation. So I guess this means inflation is negative, and we are in a deflationary period, right arfcom economists? https://cdn.meme.am/instances/55254848.jpg So, you're in the State of TX, but yet, didn't happen to notice what happened to the price of OIL in the last few years. 
People cannot possibly be this dense in real life, and yet they pretend to be, on the Internet. It just doesn't make any sense. |
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Posted: 12/16/2016 8:53:10 AM EDT
[#28]
When I see fewer commercials on TV trying to convince me to buy silver and gold then it is probably time to buy silver and gold until then....
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Posted: 12/16/2016 9:03:45 AM EDT
[#29]
Quote HistoryQuoted:
So, you're in the State of TX, but yet, didn't happen to notice what happened to the price of OIL in the last few years. <img src=http://www.ar15.com/images/smilies/smiley_confused.gif border=0 align=middle> People cannot possibly be this dense in real life, and yet they pretend to be, on the Internet. It just doesn't make any sense. Quote HistoryQuoted:
Quoted:
Arfcom told me to buy silver as a hedge against inflation. So I guess this means inflation is negative, and we are in a deflationary period, right arfcom economists? https://cdn.meme.am/instances/55254848.jpg People cannot possibly be this dense in real life, and yet they pretend to be, on the Internet. It just doesn't make any sense. You could offer a tutorial, or link to sources. I'll bet I know a lot of stuff in my field that you don't. I don't find it difficult not to call you stupid.j I've come to this site for many years because I learn things I wouldn't have otherwise. Please share. |
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Posted: 12/16/2016 9:08:41 AM EDT
[#30]
Quote HistoryQuoted:
$4-$5 is a reasonable price Other than buying silver dollars for a dollar at the bank when I was a little kid, $4 is as cheap as I remember it as an adult and I'm 61 years old. |
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Posted: 12/16/2016 9:23:14 AM EDT
[#31]
Quote HistoryQuoted:
Just amazing! Perception is reality. The U.S. has more debt than probably every other country combined and the dollar is strong? National debt is just a number. In the end, can China send Guido to collect? No. Other countries can threaten and bluster, but until we become so weak that we can't pass laws, tariffs or protect ourselves, our debt is a figment of the imagination. |
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Posted: 12/16/2016 9:24:01 AM EDT
[#32]
Know what else is a hedge against inflation? Stocks of quality blue chip dividend paying companies. Bonus: they actually increase in real value, and pay a dividend while you're waiting for the economic collapse of
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Posted: 12/16/2016 9:47:37 AM EDT
[#33]
Quote HistoryQuoted:
Nobody but ancient kings cares about silver, and they're all dead. Yea. The Founders of America probably meant something else when they wrote the Constitution. |
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Posted: 12/16/2016 9:49:01 AM EDT
[#34]
Quote HistoryQuoted:
The laws of successful investing: Buy when everyone is selling and sell when everyone is buying. It takes stomach, though. Stop being a blue-helmeted Islamic UN backed invasion force. And a communist infiltrator. Buying silver is some kind of magical event that's real old-school American. Or something. Anyway it has something to do with being a real solid investor and not someone easily fooled. Here's how you do it: write a bunch of stuff about current world events, and then say that the events are going to result in some kind of doomsday, and then say it's a perfect time to buy silver and gold. I'll show you, it is very easy: "THE WAY THAT PUTIN HAS BEEN ACTING LATELY TOWARDS THE UKRAINE IS GOING TO DESTABILIZE THE EURO. THAT COMBINED WITH THE STRONG DOLLAR MEANS FINANCIAL MARKETS AROUND THE WORLD ARE GOING TO TAKE A GIANT HIT SOON. WHICH MEANS THIS IS THE PERFECT TIME TO BUY SILVER AND GOLD." Then you sit back and watch silver and gold go randomly up and down and every time they go up you declare that your prediction was right all along. And that's how you invest if you're a real American. |
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Posted: 12/16/2016 9:49:55 AM EDT
[#35]
Quote HistoryQuoted:
You could offer a tutorial, or link to sources. I'll bet I know a lot of stuff in my field that you don't. I don't find it difficult not to call you stupid.j I've come to this site for many years because I learn things I wouldn't have otherwise. Please share. Quote HistoryQuoted:
Quoted:
Quoted:
Arfcom told me to buy silver as a hedge against inflation. So I guess this means inflation is negative, and we are in a deflationary period, right arfcom economists? https://cdn.meme.am/instances/55254848.jpg People cannot possibly be this dense in real life, and yet they pretend to be, on the Internet. It just doesn't make any sense. You could offer a tutorial, or link to sources. I'll bet I know a lot of stuff in my field that you don't. I don't find it difficult not to call you stupid.j I've come to this site for many years because I learn things I wouldn't have otherwise. Please share. What is your Field? OK, the point is: There are loose correlations between all of these things; inflation rates, lending and bond prices, commodities, stock market, etc. It can seem overwhelming. A lot of the connections are counter-intuitive. However, we've seen this all happen before. History doesn't repeat, but it does rhyme. I guess it just annoys me when people take an interesting topic, and use it to display willful ignorance. PM discussions seem to bring out the worst in people. True ignorance is OK. We're all here to learn. |
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Posted: 12/16/2016 9:51:20 AM EDT
[#36]
$9.5 like last time
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Posted: 12/16/2016 9:51:24 AM EDT
[#37]
Quote HistoryQuoted:
$4-$5 is a reasonable price Quote HistoryQuoted:
Quoted:
Quoted:
$15 is a buy for me.<img src=http://www.ar15.com/images/smilies/icon_smile_big.gif border=0 align=middle> $1.50 is a buy for me. $4-$5 is a reasonable price The last time I bought any silver it was around $6. If it beats that I will buy more though to be fair I buy silver because it makes me happy, not as a long term hedge against anything. If it works that way, great, if not, oh well I enjoyed the purchase of something I think is neat. Would love to do gold that way as well, but that's more than I am willing to spend for a piece of metal. 
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Posted: 12/16/2016 9:59:01 AM EDT
[#38]
Going to fall for a bit with interest rate announcement, fake and perceived strengthening of the dollar and economy
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Posted: 12/16/2016 9:59:24 AM EDT
[#39]
Quote HistoryQuoted:
National debt is just a number. In the end, can China send Guido to collect? No. Other countries can threaten and bluster, but until we become so weak that we can't pass laws, tariffs or protect ourselves, our debt is a figment of the imagination. Quote HistoryQuoted:
Quoted:
Just amazing! Perception is reality. The U.S. has more debt than probably every other country combined and the dollar is strong? National debt is just a number. In the end, can China send Guido to collect? No. Other countries can threaten and bluster, but until we become so weak that we can't pass laws, tariffs or protect ourselves, our debt is a figment of the imagination. That's a comforting theory indeed. Did you come up with it yourself, or is it out of a book? It's very nice if it's true, but it seems to go against the entire history of civilization. What makes the US any different from the Roman Empire, British Empire, Wiemar Republic, USSR, etc? (I skipped a bunch, for the sake of brevity) |
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Posted: 12/16/2016 10:04:18 AM EDT
[#40]
Quote HistoryQuoted:
I'll but 100 oz at $10. I have some now but it's not an investment. I just buy some now and then. |
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Posted: 12/16/2016 10:06:52 AM EDT
[#41]
Quote HistoryQuoted:
What is your Field? OK, the point is: There are loose correlations between all of these things; inflation rates, lending and bond prices, commodities, stock market, etc. It can seem overwhelming. A lot of the connections are counter-intuitive. However, we've seen this all happen before. History doesn't repeat, but it does rhyme. I guess it just annoys me when people take an interesting topic, and use it to display willful ignorance. PM discussions seem to bring out the worst in people. True ignorance is OK. We're all here to learn. Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
Arfcom told me to buy silver as a hedge against inflation. So I guess this means inflation is negative, and we are in a deflationary period, right arfcom economists? https://cdn.meme.am/instances/55254848.jpg People cannot possibly be this dense in real life, and yet they pretend to be, on the Internet. It just doesn't make any sense. You could offer a tutorial, or link to sources. I'll bet I know a lot of stuff in my field that you don't. I don't find it difficult not to call you stupid.j I've come to this site for many years because I learn things I wouldn't have otherwise. Please share. What is your Field? OK, the point is: There are loose correlations between all of these things; inflation rates, lending and bond prices, commodities, stock market, etc. It can seem overwhelming. A lot of the connections are counter-intuitive. However, we've seen this all happen before. History doesn't repeat, but it does rhyme. I guess it just annoys me when people take an interesting topic, and use it to display willful ignorance. PM discussions seem to bring out the worst in people. True ignorance is OK. We're all here to learn. Not only do the little correlations not mean anything, but the huge ones don't either. Arfcom told me to buy gold when it was like $1700 an ounce. Because the entire world economy crashed due to the bank scam. And doomsday was nigh. I ignored you guys and bought stock index funds instead, right in the middle of global financial doomsday. Because I ignored you guys, I made out like a bandit when the stock market recovered. You want to know what's going on right now? All the lemmings are taking their money out of "other stuff" and putting it in the stock market because the stock market is going up. And when the stock market does its crazy bubble thing, they'll all yank their money back out and stick it something else. Here's another thing: inflation hedges are not volatile. That's the whole point of an inflation hedge. Anything that zooms up and down isn't a good hedge. An inflation hedge protects your money against being eaten up by inflation. Because if you have cash, it takes a yearly 3% inflation hit. If the stock market is shitty and inflation is 10%, rich people's cash takes a mighty ass raping. So they buy artwork and antiques to protect the value. Gold and silver used to be that, but they ain't anymore because now they are a speculative bubbly zoomy investment for millions of speculators. |
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Posted: 12/16/2016 10:09:23 AM EDT
[#42]
Quote HistoryQuoted:
That's a comforting theory indeed. Did you come up with it yourself, or is it out of a book? It's very nice if it's true, but it seems to go against the entire history of civilization. What makes the US any different from the Roman Empire, British Empire, Wiemar Republic, USSR, etc? (I skipped a bunch, for the sake of brevity) Quote HistoryQuoted:
Quoted:
Quoted:
Just amazing! Perception is reality. The U.S. has more debt than probably every other country combined and the dollar is strong? National debt is just a number. In the end, can China send Guido to collect? No. Other countries can threaten and bluster, but until we become so weak that we can't pass laws, tariffs or protect ourselves, our debt is a figment of the imagination. That's a comforting theory indeed. Did you come up with it yourself, or is it out of a book? It's very nice if it's true, but it seems to go against the entire history of civilization. What makes the US any different from the Roman Empire, British Empire, Wiemar Republic, USSR, etc? (I skipped a bunch, for the sake of brevity) You could literally write a random sentence generator and nobody in these precious metal threads would know the difference. Just piece together sentences of current events combined with a worldly and pessimistic attitude. |
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Posted: 12/16/2016 10:19:33 AM EDT
[#43]
I have around an 8-10% in silver and gold relative to investments/cash. It's insurance to me, nothing more. Same as guns and ammo. Don't care about the daily, weekly, yearly fluctuations.
FWIW, if you look at historical gold/silver ratios...gold is overpriced or silver is underpriced. Good luck on your guess... |
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Posted: 12/16/2016 10:20:22 AM EDT
[#44]
Quote HistoryQuoted:
You could literally write a random sentence generator and nobody in these precious metal threads would know the difference. Just piece together sentences of current events combined with a worldly and pessimistic attitude. and that is what the ARFbot known as member '4v50' is for. 
ar-jedi |
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Posted: 12/16/2016 10:39:01 AM EDT
[#45]
People you need to forget $4 silver and $400 gold ain't ever going to happen again most likely. The explosion of the IoT has virtually insured that . All these computing devices use both gold and silver. Silver is more useful than gold , with thousands and thousands of industrial use. The the increased demand is driving the prices of silver as much as I am by holding it as a hedge.
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Posted: 12/16/2016 10:40:27 AM EDT
[#46]
Quote HistoryQuoted:
and it will cost $15 an oz, there isn't enough to cover the lower prices What? If I buy at 10 it will cost 15? |
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Posted: 12/16/2016 10:53:56 AM EDT
[#47]
Quote HistoryQuoted:
What? If I buy at 10 it will cost 15? Quote HistoryQuoted:
Quoted:
and it will cost $15 an oz, there isn't enough to cover the lower prices What? If I buy at 10 it will cost 15? He meant physical delivery @15/oz Maybe? |
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Posted: 12/16/2016 11:01:30 AM EDT
[#48]
Quote HistoryQuoted:
People you need to forget $4 silver and $400 gold ain't ever going to happen again most likely. The explosion of the IoT has virtually insured that . All these computing devices use both gold and silver. Silver is more useful than gold , with thousands and thousands of industrial use. The the increased demand is driving the prices of silver as much as I am by holding it as a hedge. People you need to forget $40 silver and $4000 gold ain't ever going to happen again most likely. The demise of traditional photography has virtually insured that. All those newfangled digital cameras don't use silver. Gold is more useful than silver, with thousands and thousands of industrial use. The the decreased demand is driving the prices of silver as much as I am by holding it as a hedge how did i do? |
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Posted: 12/16/2016 11:07:56 AM EDT
[#49]
Quote HistoryQuoted:
People you need to forget $40 silver and $4000 gold ain't ever going to happen again most likely. The demise of traditional photography has virtually insured that. All those newfangled digital cameras don't use silver. Gold is more useful than silver, with thousands and thousands of industrial use. The the decreased demand is driving the prices of silver as much as I am by holding it as a hedge how did i do? lol... As good as the rest. |
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Posted: 12/16/2016 11:08:36 AM EDT
[#50]
Quote HistoryQuoted:
Silver and gold are rapidly moving into buy territory. Yes, interest rates are up. For now. But much of the world's uncertainty hasn't gone away. Russia is still waging war in Syria and in Ukraine. China still wants Taiwan, and is continuing to threaten in the South China Sea. The sustained low price of oil will cause problems not just in Venezuela and Russia, but increasingly in the Middle East. And let's not forget Greece, Brexit, and the EU, none of which are settled or sustainable. And someday, all of the worldwide monetary easing is going to have an effect, i.e. inflation. The markets are not always rational and reasoned in the short term, and right now, precious metals look more like lemmings than bears. And those prices are going to drop further. |
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