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Started By
Message
Investing in Precious Metals
Posted on 10/15/12 at 9:52 am
Posted on 10/15/12 at 9:52 am
Anyone have any predictions on what the market for Silver will do in the future? I have been stockpiling on silver coins, and silver bars the last few years. Silver has had a nice run recently, any ideas where silver is headed?
TIA
TIA
5
Posted on 10/15/12 at 9:56 am to ThatsAFactJack
I don't have any experience with this but bumping for interest. It seems like this is an excellent way to diversify. Not very often people actually buy real assets like this.
Posted on 10/15/12 at 10:04 am to ThatsAFactJack
My boss talks about junk silver all the time. Just recently I went through every coin I had in search of silver quarters and dimes but it ended up being a huge waste of time. Just watching the price increase as of late, it is worth your time to continue stockpiling.
The value of your stockpile will be directly affected by the upcoming presidential election. It certainly won't hurt you to hold onto what you already have.
The value of your stockpile will be directly affected by the upcoming presidential election. It certainly won't hurt you to hold onto what you already have.
This post was edited on 10/15/12 at 10:05 am
Posted on 10/15/12 at 10:11 am to ThatsAFactJack
My MIL had a 10oz silver bar that she sold a couple of years ago. I wish I would have bought it from her. I think she sold it to a Cash for Gold place that probably gave her half of what it was worth.
Posted on 10/15/12 at 10:16 am to LSUGUMBO
quote:
LSUGUMBO
The Cash for Gold places usually do get away with buying gold/silver for 50% of true value. If you are a regular are know what you are doing you can usually get 90-95% at a real coin shop.
Posted on 10/15/12 at 10:33 am to Swifty
quote:
Not very often people actually buy real assets like this.
Um, actually real estate is pretty popular.
Posted on 10/15/12 at 12:16 pm to ThatsAFactJack
why not make it easier on yourself and use a silver ETF or trade futures contracts?
Do you really need all that physical silver????
Do you really need all that physical silver????
Posted on 10/15/12 at 12:16 pm to Swifty
quote:
Not very often people actually buy real assets like this.
Posted on 10/15/12 at 12:40 pm to ThatsAFactJack
I think silver and gold will have a nice run up in 2013. ~4,000 dollar gold and 50+ silver wouldn't surprise me. Before anyone laughs, check out the percent increases in the late 70's. The above gold and silver guesses are conservative compared to those.
Having said that, I'd be looking to sell anything PM related after the next "big move." I think going into 2014 that will be the highest prices we see for gold/silver for the next 20 years or so.
Having said that, I'd be looking to sell anything PM related after the next "big move." I think going into 2014 that will be the highest prices we see for gold/silver for the next 20 years or so.
Posted on 10/15/12 at 12:49 pm to LSU0358
quote:
I think silver and gold will have a nice run up in 2013.
Any particular reason why you think so?
Posted on 10/15/12 at 1:31 pm to foshizzle
From a fundamental standpoint the QE3 will help quite a bit.
From a technical standpoint gold's long term support (when I say long term support I'm referring to 13 EMA on the monthly time frame and 89 and 144 EMA on weekly time frame) held up in the down move that started in July 2012. Also, the percentage downmove from the July 2012 high was 20.5%, while a similar downmove in the late 70's gold bull was 20.8 %. In other words, I think history is repeating itself. Now having said that, gold has started a correction from it's early October high. If gold breaks down below 1,650 I'll be singing a different tune.
From a technical standpoint gold's long term support (when I say long term support I'm referring to 13 EMA on the monthly time frame and 89 and 144 EMA on weekly time frame) held up in the down move that started in July 2012. Also, the percentage downmove from the July 2012 high was 20.5%, while a similar downmove in the late 70's gold bull was 20.8 %. In other words, I think history is repeating itself. Now having said that, gold has started a correction from it's early October high. If gold breaks down below 1,650 I'll be singing a different tune.
Posted on 10/15/12 at 2:10 pm to LSU0358
Okay, but why doesn't the rest of the world buy that reasoning? With all due respect it seems that all you have is an unsubstantiated maybe.
ETA: Not saying gold/silver won't go up, I just suspect your rationale isn't solid. It could go up anyway.
ETA: Not saying gold/silver won't go up, I just suspect your rationale isn't solid. It could go up anyway.
This post was edited on 10/15/12 at 2:11 pm
Posted on 10/15/12 at 3:16 pm to foshizzle
Real estate.
30 year investment loans under 4% with 20% down. Market is begging you to be a landlord. Looking at 3 properties around 100k each that'll rent for $1000-$1200/month. 18k-20k a year easy money IMO.
30 year investment loans under 4% with 20% down. Market is begging you to be a landlord. Looking at 3 properties around 100k each that'll rent for $1000-$1200/month. 18k-20k a year easy money IMO.
Posted on 10/15/12 at 3:53 pm to foshizzle
quote:
but why doesn't the rest of the world buy that reasoning
By the time the rest of the world "buys it" the best buying opportunity is over, in gold and anything else. And any trade or investment is always an unsubstantiated maybe. It's not substantiated til it goes up or down.
Posted on 10/15/12 at 7:40 pm to LSU0358
quote:
By the time the rest of the world "buys it" the best buying opportunity is over, in gold and anything else.
Or maybe it isn't the opportunity you think it is.
Now is the time to mortgage up to your eyeballs and buy real estate.
Posted on 10/15/12 at 7:55 pm to foshizzle
I agree real estate is a great place to be. Lennar and Toll Brothers have treated me very nicely for quite a while. And for individuals that can lay down enough cashto have positive cash flow, it is a great time to buy a hard asset.
And as far as the PMs not being a good opportunity, time will tell.
And as far as the PMs not being a good opportunity, time will tell.
This post was edited on 10/15/12 at 7:57 pm
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