Serious Damage Done to Precious Metal | Page 3 | TigerDroppings.com

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Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2753 posts

re: Serious Damage Done to Precious Metal


Well, I am not making OT money so I am sticking with silver.

A buddy of mine is saying once silver hits $22/oz, that is the time to buy.

I have some money that I have been waiting to drop into some silver eagles. Yeah I love my Silver Eagles cause they are 'purty'.

Is $22/oz on silver a reasonable buy price or is there some more downward price?

Thanks






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Vols&Shaft83
Georgia Tech Fan
Member since Dec 2012
18459 posts

re: Serious Damage Done to Precious Metal


Have you considered buttcoins?





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84248 posts
 Online 

re: Serious Damage Done to Precious Metal


quote:

Is $22/oz on silver a reasonable buy price or is there some more downward price?

I'm no PM expert but my advice is only buy silver when it hits its lowest price.






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StrangeBrew
LSU Fan
Salvation Army-Thanks Obama
Member since May 2009
13942 posts

re: Serious Damage Done to Precious Metal


Do you also recommend selling it when it reaches its highest price?





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Meauxjeaux
Memphis Fan
I have 89,367 posts with my alters
Member since Jun 2005
17744 posts

re: Serious Damage Done to Precious Metal


quote:

Full time jobs are reduced to part time jobs. Banks slow lending because collateral values decline. Auto sales slow as buyers wait for prices to fall. Assets usually held for wealth generation purposes (commercial real estate, precious metals, stocks) decline in value.


AKA, Obamacare burdened Obamaterm2.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84248 posts
 Online 

re: Serious Damage Done to Precious Metal


quote:

Do you also recommend selling it when it reaches its highest price?

I haven't analyzed that but my first inclination is to answer yes.






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Serious Damage Done to Precious Metal


Also my advice when you go to buy your physical silver tell the dealer you Only want silver that pays growing quarterly dividends and make him sign a contract to purchase it from you for over spot price after all he's selling it to you for over spot price it's only fair also be sure to buy a shovel so you can bury said silver coins so looters in a doomsday scenario won't find them....when said doomsday scenario occurs ferraris will trade hands for 1 silver coin which will then be worth 10,000 bitcoins


This post was edited on 5/1 at 9:33 pm


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StrangeBrew
LSU Fan
Salvation Army-Thanks Obama
Member since May 2009
13942 posts

re: Serious Damage Done to Precious Metal


quote:

I haven't analyzed that but my first inclination is to answer yes


Russian, Your gut instinct is good enough for me!






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Serious Damage Done to Precious Metal


for those who always bring up the doomsday scenario in which silver and gold are the only currency and will be used to barter for goods......

can you explain to me how a 1 oz silver bar which will supposedly be worth like $200 when SHTF will be used in barter for say water? Im just preparing myself since im in the convenience store business on how i will accept these PM's as payments for say a bag of cheetos? or will i just have to trade my entire inventory and deed to the business for a 1 oz gold bar at that point and go home and defend it like the tomato plant in waterworld?



This post was edited on 5/1 at 10:27 pm


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Lsut81
USA Fan
Member since Jun 2005
65318 posts

re: Serious Damage Done to Precious Metal


quote:

I'm no PM expert but my advice is only buy silver when it hits its lowest price.



Unlike Stocks








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