yup... and compared to some equities, gold hasn't really gained that much. gold is going to fall like a rock... maybe as soon as next week.
Investing in Gold/Silver - way too late?
- Thread starter ncmedia
- Start date
I honestly don't think that the dollar will be replaced as the reserve currency any time soon.
Simply because there aren't any other alternatives.
However, that doesn't mean that the gold will not keep rising as long as this debt crisis continues to expand.
Simply because there aren't any other alternatives.
However, that doesn't mean that the gold will not keep rising as long as this debt crisis continues to expand.
nope. i would short it in the next few days, but better shorts elsewhere (ie. goldman sachs).
Buy silver coins from Monex. You'll get a dedicated account rep, and they ship to your home, etc.
These guys know their shit.
These guys know their shit.
wait I see it now if you zoom out on the charts it's definitely bearish...
3 months
6 months
2 years
10 years
and if you go out just passed 10 years you can clearly see a bear...
3 months
6 months
2 years
10 years
and if you go out just passed 10 years you can clearly see a bear...
Im waiting for the crash then I'll put my money in, history tells us that whenever you see an incline like this it's always folowed by a decline at some point. For gold pricins to remain high at these levels it would be completely unprecedented
When you look at the price of gold in the last 10 years, can you really see it going down anytime soon?
Are you guys talking about shorting on a pullback or you actually think this shit is going down?
@NCmedia ... i was thinking along the same lines. I saw that video as well and it's hella convincing.
I was thinking about investing 10k into gold, then 30% of my income monthly to silver.
I figure silver is volatile as fuck so buying it monthly would hopefully hedge any risk. Gold on the other hand just seems to be rising and rising. I agree that $1900+ to purchase it seems high but i look at it like this..
If i spent 10K on gold @2k/ounce, i'd have 5 ounces. If we take the worst case scenario and gold dropped down to $500/ounce, i'd have lost $7500. But how idiotic does it sound that gold will ever drop that low anytime soon? It hasn't for years. So IMO the risk of losing $7500 shadows in comparison to the potential rise in gold prices.
As for silver, i already bought it at $33, rose to $50, i sold it at $36 like a dumbfuck. It's volatile, but i feel like in the long run, gold really is going to get expensive as fack, and silver's gunna have to follow.
I'm not an experienced investor by any means, but before i spend a large chunk of money, I'll try to weigh my options. Losing at this point seems to be minimal.
My alternative? Have that 10k sit in my savings account. While I would love to see my savings +10k every week, I just can't help but thinking it is losing value daily with the devaluation of the dollar.
Also, i think waiting for gold to dip is a mistake. I think buying G/S as a short term think is a mistake too. I just saw on the news something about being in afghanistan till 2024? WTF - that's gunna kill our dollar. And you know what that means
I was thinking about investing 10k into gold, then 30% of my income monthly to silver.
I figure silver is volatile as fuck so buying it monthly would hopefully hedge any risk. Gold on the other hand just seems to be rising and rising. I agree that $1900+ to purchase it seems high but i look at it like this..
If i spent 10K on gold @2k/ounce, i'd have 5 ounces. If we take the worst case scenario and gold dropped down to $500/ounce, i'd have lost $7500. But how idiotic does it sound that gold will ever drop that low anytime soon? It hasn't for years. So IMO the risk of losing $7500 shadows in comparison to the potential rise in gold prices.
As for silver, i already bought it at $33, rose to $50, i sold it at $36 like a dumbfuck. It's volatile, but i feel like in the long run, gold really is going to get expensive as fack, and silver's gunna have to follow.
I'm not an experienced investor by any means, but before i spend a large chunk of money, I'll try to weigh my options. Losing at this point seems to be minimal.
My alternative? Have that 10k sit in my savings account. While I would love to see my savings +10k every week, I just can't help but thinking it is losing value daily with the devaluation of the dollar.
Also, i think waiting for gold to dip is a mistake. I think buying G/S as a short term think is a mistake too. I just saw on the news something about being in afghanistan till 2024? WTF - that's gunna kill our dollar. And you know what that means
Talked to a guy at Monex last week. He said at my age (late 20's) not to buy gold (which I am prepared to do). He said to buy silver as a long-term investment.
So far I'm fancying going with around $15000 on silver bars and 5-10K on gold bars - both long term and I'm finding some legit places here locally too so fuck ordering from the net if I don't have to. Will be cool to come back to this thread some day to see what happened to my monies/experience in this stuff - would love to play with xxx,xxx on shorts but for now I'm willing to learn the ropes/lose a bit if I have to (where do I know that from?)
Craziest thing I've heard so far: Silver to reach $1,000 in the future (fereal?) - looking at what gold just did in the last 10-15 years (fuck even the last few), that's 15K I'm willing to lose should the chance of it reaching even half of that happen. Cool research so far and this side of it seems done - now just to go out and actually get my bars/vault setup etc. and add another trends/stats tab to my routine. Not as intimidating as I first thought (sans the fact I'm doing long term and starting kinda small vs. hella trading).
Craziest thing I've heard so far: Silver to reach $1,000 in the future (fereal?) - looking at what gold just did in the last 10-15 years (fuck even the last few), that's 15K I'm willing to lose should the chance of it reaching even half of that happen. Cool research so far and this side of it seems done - now just to go out and actually get my bars/vault setup etc. and add another trends/stats tab to my routine. Not as intimidating as I first thought (sans the fact I'm doing long term and starting kinda small vs. hella trading).
If you guys need some more info one why it makes sense to buy check out Bob Chapman (he has new videos every week):
bob chapman - Google Search
The guy really knows what he is talking about.
When you look at your alternatives there really isn't much else out there. Unless you have some private deals or things you can invest money in for yourself I would think gold and silver is about as straightforward as it gets. Plus, historically it moves most towards the end of the year up until about Feb/March so you're getting in at a good time. JP Morgan even predicted $2,500 gold by the end of the year. Pull the trigger with 50% of your money if that helps you sleep at night and put the rest in towards the end of the year. Just buy one gold coin if that feels best. You can always buy more later. And if gold really does go to $5,000+ it's not going to matter that much if you bought at $1,900 or $2,200.
bob chapman - Google Search
The guy really knows what he is talking about.
When you look at your alternatives there really isn't much else out there. Unless you have some private deals or things you can invest money in for yourself I would think gold and silver is about as straightforward as it gets. Plus, historically it moves most towards the end of the year up until about Feb/March so you're getting in at a good time. JP Morgan even predicted $2,500 gold by the end of the year. Pull the trigger with 50% of your money if that helps you sleep at night and put the rest in towards the end of the year. Just buy one gold coin if that feels best. You can always buy more later. And if gold really does go to $5,000+ it's not going to matter that much if you bought at $1,900 or $2,200.
This. Gold has recently gone parabolic and will most likely drop a bit. I'm on the sidelines.
Note: I had gold at 800 and sold at 1200. Thought I'd get back in. Berto Fail.
FINANCIAL SENSE | Applying Common Sense to the Markets - READ AT LEAST ONE OR TWO ARTICLES HERE EVERY DAY. These guys know their shit and the majority of their bloggers have been right on since before 2007. I love the Puplava family's articles.
Edit: And I am also more pro-silver than Gold. But I am also waiting for that to dip.
And +1 on the junior gold producer post above. If oil prices are going down and gold is going up, why aren't their stocks skyrocketing?
Buying at the top of a bubble would sure suck. But then again it could go to $20,000/oz. Gold is pure speculation and fear driven. The gold bubble has burst more than once and it can happen again - like in the 80's.
But IMO if you're investing this much in gold then you're betting against civilization. You're betting on a global disaster. And if that happened I think buying a house in the country and storing food and guns would be more important.
If you think the USA is going down I'd suggest diversifying into a country house, 10+ yr food supply, guns, ammo, other supplies, then a USD cash stash, then gold and silver coins.
If you buy gold and silver ETFs now you're simply gambling.. and that may or may not pay off. Enjoy trying to time the market.
But if you do invest in gold then you get to be one of the millions of gold-investors now cheering for the collapse of the USD. They now have a vested interest in the collapse of their own country. With any luck you'll make it happen by self-fulfilling-prophecy. Enjoy a gold backed currency when the gold supply is controlled by other countries often hostile to the US.
Watch "The Secret of Oz"
The Secret of Oz (the revised Money Masters) (download torrent) - TPB
But IMO if you're investing this much in gold then you're betting against civilization. You're betting on a global disaster. And if that happened I think buying a house in the country and storing food and guns would be more important.
If you think the USA is going down I'd suggest diversifying into a country house, 10+ yr food supply, guns, ammo, other supplies, then a USD cash stash, then gold and silver coins.
If you buy gold and silver ETFs now you're simply gambling.. and that may or may not pay off. Enjoy trying to time the market.
But if you do invest in gold then you get to be one of the millions of gold-investors now cheering for the collapse of the USD. They now have a vested interest in the collapse of their own country. With any luck you'll make it happen by self-fulfilling-prophecy. Enjoy a gold backed currency when the gold supply is controlled by other countries often hostile to the US.
Watch "The Secret of Oz"
The Secret of Oz (the revised Money Masters) (download torrent) - TPB
take this advice... i use to drop hundreds of thousands a year in the stock market in 2007-2009. I got out, and now slang debt for a living. But in short, a few months back when gold was 1400 i was gonna drop a 20-30,000 on gold. I was gonna buy suisse gold bars on ebay (usually $50 bux more than what its going for per oz). Anyhow, it would be nice to invest in something you can actually hold in your hands. What im saying, is buy the gold buy oz on ebay or something and put it in your closet. Because if the government goes south (which I think it will); as will computers and proper logging I think (hence your digital gold). So buy physical gold.
....I just ended up to drop $10,000+ on led. Meaning; guns and ammo. Afterall, with my guns and bullets I can take your gold ;-)
....I just ended up to drop $10,000+ on led. Meaning; guns and ammo. Afterall, with my guns and bullets I can take your gold ;-)
to really get a feel if gold/silver is overvalued or not, i learned the other day that its better to not measure the price in usd.
start the video slayerment posted up there starting at 13 mins when he starts talking about wealth cycles
start the video slayerment posted up there starting at 13 mins when he starts talking about wealth cycles
Yeah it does come down to some of this - however timely/untimely I'm not getting into it cheering for the USD to crash (my whole biz runs on it and has for a while - I'm hating what's happening thus perpetuating my need to make moves/learn about investing).
The waterfront tour was actually for some of that thinking (preparation for whateva and a lenient lifestyle/myway). Not green to the profits of war/crashing economies/world banks or the elite but also not an Alex Jones head so I have to find balance. This doesn't seem like I'm betting against the US - this is me reacting to it but yeah I do hear your point and yeah property/getting away from big city Tdot is still on the menu for the not too distant future.
Thanks for the wise words - appreciated.
Interesting, fam - I looked on eBay/CL/Kijiji already and it's funny going into this as a marketer (eyebrow raised). All sites seem the same and there's sheisters all over CL/kij raping peoples for metals boths ways.
I'm in Canada - our gun laws are quite the contrast to yours but will agree you can haz my gold at gunpoint (though I'm a Polak and I'll blow us both up with a McGuyver made Vodka contraption - come at me broski).
Going to continue this, not my life savings but also see no point going in buying 1-2K worth and playing with nickels/dimes. (I ask myself - "Is this a BAD time to invest in gld/slv based on both - the markets + ME + budget = overall it's still somewhat of a conservative risk yet with potentially great rewards - and so I'm in").