Stock Market is the bottom in?

[BuckSutherland]

Just curious; How many of you guys are snagging more metals?

I had a bunch of 1oz silver pieces going back 15+ years that I probably bought around $15. Had 1 oz of gold bought around $800. Bought ten 10 oz bars of silver from Costco back in mid Sept when it was around $42/oz. Also bought 1 more piece of gold that day for around $3,600.

I bought 100 shares of palladium etf (PALL) on 10/15 at $141/share and watched it immediately dip. It has come back now and sitting at around $170 today.


I was in Costco on Friday and the same silver I paid $429 for 3 months ago was $679. I imagine its $710-720 today. Its really hard to source the physical. Had I known Costco would have some last Friday I would have bought an additional 40oz. Didn't bring any of the worthless greenbacks with me to buy it.


The dollar gets more worthless by the day. Trump sure as hell isn't doing anything to save it. His masters are saying keep printing and he's following their script like a good little solider.

 

[SD51555]

Just curious; How many of you guys are snagging more metals?

I have already passed on physical. The premiums are outrageous right now. If I can buy private to private I will, cause we can cut out the 15% middle man.

I'm not buying any more fund metals either. I was filled up with what I wanted before it went up. Now I'm up 55% on that position. I'm half tempted to start trimming, but i'm also dam resolute that the people running the wars and printing the money are only gonna pick up speed and do it faster. This is potentially the great pull apart of those that have assets and those that do not, once and for all.

We have new wars that need to start. Venezuela, Iran 4, Tiawan, Syria 2, Lebananon, Turkey, Jordan, Russia, Ukraine, Armenia, and i'm sure i'm missing some more.

 

[SD51555]

 

[SD51555]

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[SD51555]

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[SD51555]

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[cbw]

Where do you guys sell your silver? I’ve got some I bought for 15-20 and am researching what it would take to unload some of it.


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[SD51555]

Where do you guys sell your silver? I’ve got some I bought for 15-20 and am researching what it would take to unload some of it.


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Look for a bullion dealer in your area. Not a pawn shop or a jewelry store, but an actual coin shop or bullion shop. Most big cities have at least one. Walk in, and walk out with cash. If you sell to an online joint, you have to call and ship, and then it takes a while. Even better bet would be to find someone else personally and sell to them for cash and cut out the middle man.

 

[Kdog]

Or you can do like my MIL did and have a jewelry party where some schmuck comes in and gives you about 50% of what it's worth. I told her if she was going to do that, I would giver her and all the others 10% more than he offered, but they sold it to him anyway. My wife knew better than to even consider it.

 

[hunts_with_stick]

Look for a bullion dealer in your area. Not a pawn shop or a jewelry store, but an actual coin shop or bullion shop. Most big cities have at least one. Walk in, and walk out with cash. If you sell to an online joint, you have to call and ship, and then it takes a while. Even better bet would be to find someone else personally and sell to them for cash and cut out the middle man.

Agreed, sell now where it is at an all time high? Or will things get worse and it go higher? And can you get more for silver eagles or other country’s coins that are 99.9% pure

 

[SD51555]

Agreed, sell now where it is at an all time high? Or will things get worse and it go higher? And can you get more for silver eagles or other country’s coins that are 99.9% pure

I don’t know.

Here’s what I do know. Silver has outpaced gold and platinum. Platinum is up the same percentage as silver YTD, but plantinum started 1st down and 25 to go. If the metals fall, silver will fall hardest on a percentage basis, gold will fall the least on a percentage basis. That is a prediction based on how they have risen.

What I would do is stay in metals with my metal, but trade between them. Gold to silver ratio is 57 right now. Under 60 looks like a good spot to trade silver for gold. If silver falls hard and this ratio rises above 80, do the same thing the other direction.

Same story for platinum. Platinum is cheap in terms of silver. I’d be trading some silver for platinum. When shit goes the other way, I’d do it in reverse.

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[SD51555]

I wouldn’t move all in one swoop either. We Will all be wrong no matter what, so move in steps and some will be right, some will be way right, some will be wrong, and some will be way wrong.

It’s interesting what’s happening. If in fact a shitload of hedgers moved into the market with no intention of letting the shit bag fake contracts out of their naked shorts, the whole damn thing may implode. We won’t know until there is a pile of rubble and the dust has settled. It’s also a global market, so brokerages and central banks cannot stop this one if that is the case. I also wouldn’t be shocked to find the central banks overbought the naked shorts to do that very thing.


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