heres the turn around

[billionaire]

To all you guys who heard gold was going down to $1000 it looks like everyone was putting out fake theories or they were just wrong. Gold is up $28 and silver is up $0.70 just today. What do you guys think?

 

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[Diggin-N-Dumps]

Im just glad i was able to find 4 Silver Eagles this morning for 21/piece with free shipping

 

[NHBandit]

So the events of a day or 2 establishes a pattern you would bet your life savings on ? Cool. I''m not that brave and I don't have expendable cash to play with. The only thing that's certain is that it's always an uncertain gamble. If it wasn't everyone would be getting rich from it. Ask the guys who bought Silver at $40 thinking it was sure to go to $100 how they feel about that.

 

[Diggin-N-Dumps]

So the events of a day or 2 establishes a pattern you would bet your life savings on ? Cool. I''m not that brave and I don't have expendable cash to play with. The only thing that's certain is that it's always an uncertain gamble. If it wasn't everyone would be getting rich from it. Ask the guys who bought Silver at $40 thinking it was sure to go to $100 how they feel about that.

That is is my freind...a very uncertain Gamble...I got lucky and started buying in 2008 when it was like 15 bucks an OZ....And my dumbArse was planning on selling at 50.....so when it was up to 49/oz...i was just waiting for that one more dollar to flip.....well, it never did...2 years later...Silver is 19/oz...lol

But I do buy a little here and there...when its lower...and I mainly guy Silver eagles and Morgans/Peace dollars.....I just like the way they look

 

[billionaire]

I wasnt saying id bet all my savings on it, but it looks like the reports on it going down to $1000 might be proved wrong.

 

[jim4silver]

I would say that once we hit $28 or higher in silver we are "out of the woods". I would love to see $1000 gold but it will never happen, or if it does an ounce of physical gold will cost much more than that.

Jim

 

[TheCoinKid]

I would say that once we hit $28 or higher in silver we are "out of the woods". I would love to see $1000 gold but it will never happen, or if it does an ounce of physical gold will cost much more than that.

Jim

Is that based on reading the charts? I would suggest that historical trends are out the window these days when predicting PM movements or trends. Personally, I have no idea where we go from here. I just know how much I enjoyed buying Franklin halves at $2.00 a piece back in 2000. Oh, how I long for the good ole days!

 

[SilverHoarder07]

Let's remember to be objective in our thinking, planning and rationale behind what we say in regards to gold and silvers future...it's likely we all have some eggs in the basket but we can't go counting the chickens based on what we want or desperately need PMs to do...

Often time statements on this subject are rooted in that want or need for a certain performance and outcome...just cause someone owns a lot of PMs doesn't keen they know the future guarantees one way or the other.

 

[jim4silver]

Is that based on reading the charts? I would suggest that historical trends are out the window these days when predicting PM movements or trends. Personally, I have no idea where we go from here. I just know how much I enjoyed buying Franklin halves at $2.00 a piece back in 2000. Oh, how I long for the good ole days!

In a sense yes, but more basing it on past support/resistance levels, which one can view looking at the chart. There has been much activity in the past with respect to $26-27 and even if we shot up now we could bounce right off that spot. If we blow past it the next "level" is around $35 or so. From there it is $48 and beyond.

Just my opinion.

Jim

 

[NHBandit]

That is is my freind...a very uncertain Gamble...I got lucky and started buying in 2008 when it was like 15 bucks an OZ....And my dumbArse was planning on selling at 50.....so when it was up to 49/oz...i was just waiting for that one more dollar to flip.....well, it never did...2 years later...Silver is 19/oz...lol

But I do buy a little here and there...when its lower...and I mainly guy Silver eagles and Morgans/Peace dollars.....I just like the way they look

I agree with liking the way they look. I'm a coin collector, not a precious metals investor. I have a nearly complete Dansco album full of Morgans and I bought them all when the bullion values were low. I had been working on the Peace collection but stopped when the prices got too high. If Silver stays around $20 for awhile I may pick up a few but if it goes up I won't. I'm not in it for the money. I would rather buy seated coins and Barbers than contribute to the feeding frenzy the bullion prices create. I like large cents as well. The prices aren't based on what some billionaire investors half the world away are doing.

 

[TheCoinKid]

I'm not in it for the money. I would rather buy seated coins and Barbers than contribute to the feeding frenzy the bullion prices create. I like large cents as well. The prices aren't based on what some billionaire investors half the world away are doing.

There's a certain amount of silver stacking that I do, but overall, my philosophy is pretty much the same as yours. First and foremost a collector, I love buying seated, barbers, walkers and the like, often using silver investing as an excuse. I also love the old coppers and, in addition to large cents and half cents, love the 17th and 18th century European coppers, they're a fraction of the cost of the early 1800's large cents.