Still time to buy gold imo. - Page 189 - Economics -- Two Plus Two Poker Forums

not that i mess with ebay too much anymore, but removing ebay bucks from only the coin section is laaaame.

also, silver was only $26 if you could actually BUY it at that price, which you obviously couldn't because physical silver costs more than that.

But you could have gone long on silver paper, until prices goes up and you can get physical for not much more than the spot.

09-29-2011 , 01:27 AM

#4703

iversonian

Carpal \'Tunnel

Join Date: Sep 2003 Posts: 21,441

Anyone in Orange County or LA want to buy a 1oz Maple for $40 over spot? Willing to meet at Hawaiian Gardens. PM for info.

10-01-2011 , 09:45 AM

#4704

Bigdaddydvo

King of the Politics Forum

Join Date: Aug 2004 Posts: 21,311

Looks like we've settled around the area from right before the U.S. debt downgrade by S&P. Quite a ride imo.

10-01-2011 , 10:10 AM

#4705

Zygote

Pooh-Bah

Join Date: Jan 2005 Posts: 5,740

Quote:

Originally Posted by Bigdaddydvo

Looks like we've settled around the area from right before the U.S. debt downgrade by S&P. Quite a ride imo.

the right strategy now IMO is to buy some dollars and gold. Buy dollars against AUD, CAD, and NZD. If we are in a debt deflation there is no way to avoid dollar strength until the Fed gets more active but gold will still do well in terms of other currencies.

10-01-2011 , 07:45 PM

#4706

Borodog

Enemy of the State

Join Date: Jan 2004 Posts: 25,491

Anybody here think the US is going to slow the pace of debt issuance?

10-02-2011 , 07:14 PM

#4707

Bigdaddydvo

King of the Politics Forum

Join Date: Aug 2004 Posts: 21,311

Nope. But if private sector/bank/shadow bank leverage falls faster than Uncle Sam can spend, we still have a net decline in total debt or debt deflation. I'm with Zygote that I see a weird paradigm where in the short term the dollar rallies and gold holds its own. It's why I've been a firm believer that you have to hold both Au and USD--it's bad strategery standing too close to one side of the boat imo.

10-02-2011 , 07:43 PM

#4708

Borodog

Enemy of the State

Join Date: Jan 2004 Posts: 25,491

Oh, I agree completely. Was just making a long term point re: gold.

Remember, circa 2008 gold basically bounced around sideways almost 2 years.

10-03-2011 , 05:03 AM

#4709

Bigdaddydvo

King of the Politics Forum

Join Date: Aug 2004 Posts: 21,311

Decent gold pop to the mid-1650s right now. Gold is now trading almost a full $140 north of platinum.

10-03-2011 , 11:39 AM

#4710

Zygote

Pooh-Bah

Join Date: Jan 2005 Posts: 5,740

Quote:

Originally Posted by Bigdaddydvo

Decent gold pop to the mid-1650s right now. Gold is now trading almost a full $140 north of platinum.

up even more in euros and most other foreign currencies

10-03-2011 , 12:37 PM

#4711

Nonfiction

Carpal \'Tunnel

Join Date: Aug 2006 Posts: 12,498

American silver eagle BU random year spot price free shipping. Limit 1 per household.

http://www.uscoins.com/landing/silve...FQrf4AodyiYF1Q

10-04-2011 , 09:19 AM

#4712

tolbiny

Carpal \'Tunnel

Join Date: Mar 2004 Posts: 10,448

My GLD call/SPY put straddle went positive yesterday! Not by much but way better than the 40%+ down that it was right off the bat.

10-04-2011 , 10:04 AM

#4713

Bremen

Carpal \'Tunnel

Join Date: Aug 2004 Posts: 15,799

congrats

10-10-2011 , 08:05 PM

#4714

soon2bepro

banned

Join Date: Jan 2006 Posts: 3,280

metals slowly working their way up the ladder again

10-14-2011 , 01:08 AM

#4715

LirvA

banned

Join Date: Sep 2007 Posts: 43,574

beat: had to sell my 5 grams of gold
beat: took a loss on it
variance: sold it to my dad
brag: didn't get under spot for it
beat: didn't get over spot
variance: I have a couple hundred dollars now
beat: it won't be around long

10-22-2011 , 01:07 PM

#4716

General Tsao

Carpal \'Tunnel

Join Date: Feb 2007 Posts: 30,586

smart people,

any thoughts on investing in silver now?

10-22-2011 , 01:51 PM

#4717

BornToPun

adept

Join Date: Dec 2010 Posts: 1,041

What's your timeline?

10-22-2011 , 03:53 PM

#4718

General Tsao

Carpal \'Tunnel

Join Date: Feb 2007 Posts: 30,586

if you are talking to me idk what that question means.

10-22-2011 , 03:57 PM

#4719

BornToPun

adept

Join Date: Dec 2010 Posts: 1,041

Are you trying to make a profitable investment over the next week? month? 6 months? 10 years?

10-22-2011 , 04:16 PM

#4720

General Tsao

Carpal \'Tunnel

Join Date: Feb 2007 Posts: 30,586

that's a good question. i think i'm looking at it as mostly a way to make profit in the short term - eg, buy now before QE3 is announced and then sell at a certain point - 6 months to a year is a good estimate for me.

10-22-2011 , 04:32 PM

#4721

BornToPun

adept

Join Date: Dec 2010 Posts: 1,041

I refrain from making any prediction as to what will happen in the next year.

10-23-2011 , 06:11 PM

#4722

GuvnorJimmy

banned

Join Date: Jun 2009 Posts: 641

Quote:

Originally Posted by BornToPun

I refrain from making any prediction as to what will happen in the next year.

So what is your prediction re silver long-term?

10-23-2011 , 06:16 PM

#4723

BornToPun

adept

Join Date: Dec 2010 Posts: 1,041

Good. Not that anybody should be taking my opinion for anything.

10-23-2011 , 07:09 PM

#4724

GuvnorJimmy

banned

Join Date: Jun 2009 Posts: 641

Quote:

Originally Posted by BornToPun

Good. Not that anybody should be taking my opinion for anything.

But why do you think it is good?

10-25-2011 , 02:57 PM

#4725

soon2bepro

banned

Join Date: Jan 2006 Posts: 3,280

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