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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 08/10/2010 : 07:23:14
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Are you buying precious metals on today's dip? If so, then what and at what price are you holding out for?
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Think positive. |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 08/10/2010 : 11:24:42
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| I think it depends on how happy you are with your current level of investment. If you don't feel like you have enough physical silver to weather the years ahead, then any dip is a good buying opportunity. However, if you are more or less satisfied with your physical stash, you should hold out for $17 and lower; while spending your money on other priorities (food, security. . .etc). |
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Beau
Penny Pincher Member
216 Posts |
Posted - 08/10/2010 : 16:06:05
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what dip?
the price is 1 cent higher than yesterday.
my dealer goes by the days end price? |
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government."
Thomas Jefferson |
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novillero
Penny Sorter Member
USA
86 Posts |
Posted - 08/10/2010 : 16:46:14
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Prices just "dipped" from a rise, right? not a dip in my book. Under 17.50 would be a dip...
But that brings up a good question: what classifies as a "dip"? |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 08/10/2010 : 16:54:10
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YES...Got a nice GOLD bargain on BD this afternoon by making a quick Nucleo trade after the Fed announcement today caused GOLD to jump $15.  |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Beau
Penny Pincher Member
216 Posts |
Posted - 08/10/2010 : 17:25:30
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quote:
Fed announcement today caused GOLD to jump $15
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what was the anouncement?
I have been gone all day and I don`t know what has happened.
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"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government."
Thomas Jefferson |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/10/2010 : 17:39:41
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quote:
Originally posted by Beau
quote:
Fed announcement today caused GOLD to jump $15
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what was the anouncement?
I have been gone all day and I don`t know what has happened.
The Fed announced that it would use principal payments on mortgages that it held to buy long-term Treasuries. In essence, they would be buying 1/7 of all Treasuries the government offered thereby monitizing and inflating the dollar. This should weaken the dollar consequently increasing the value of PMs (in US dollar terms). 
You must be logged in to see this link. |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 08/10/2010 17:43:41 |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/10/2010 : 17:55:48
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With Ben "unusually uncertain" Bernanke the FED is as clueless as ever.
The FOMC does not offer information that can harm their position.
They are the counter party to the entire game. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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fb101
Administrator
USA
2856 Posts |
Posted - 08/10/2010 : 18:52:59
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| Speculatively buying still, not waiting. Cost averaging works. Theo, having enough physical silver is like having too much money. |
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frugalcanuck
Penny Pincher Member
Canada
103 Posts |
Posted - 08/10/2010 : 19:19:08
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| So the US dollar looses value and the CDN dollar loses value to the US dollar |
One box of Nickels
11.65% .999 Ni |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/10/2010 : 19:24:46
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quote:
Originally posted by frugalcanuck
So the US dollar looses value and the CDN dollar loses value to the US dollar
That depends on the health of the Canadian economy in relation to the US economy. I believe Canada's economy is dependent upon the values of natural resources. |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/10/2010 : 19:33:59
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| Over the last may years the Canadian economy was extremely correlated to the US. That was due primarily to a proximity relationship of a natural resource rich exporter like Country pointed out, to the worlds largest consumer. The tides are shifting in terms of consumption for the US with rapid consumer and business credit de-leveraging. Canada, while not fully immune to the US and her woes, will continue to see strong demand from more competition for those same resources. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 08/10/2010 : 22:10:19
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quote:
Originally posted by jonflyfish
Over the last may years the Canadian economy was extremely correlated to the US. That was due primarily to a proximity relationship of a natural resource rich exporter like Country pointed out, to the worlds largest consumer. The tides are shifting in terms of consumption for the US with rapid consumer and business credit de-leveraging. Canada, while not fully immune to the US and her woes, will continue to see strong demand from more competition for those same resources.
Can you say C..h..i..n..a?  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/11/2010 : 01:04:15
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I bought both gold and silver tonight.. didn't quite catch the dip though. Markets should crash tomorrow since I bought some.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 08/11/2010 : 11:37:41
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quote:
Originally posted by HoardCopperByTheTon
I bought both gold and silver tonight.. didn't quite catch the dip though. Markets should crash tomorrow since I bought some.
Thanks a lot, Hoard!  Of course, I had to buy some too... just before the silver market got thrashed  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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JustSayNoToFiat
Penny Pincher Member
110 Posts |
Posted - 08/12/2010 : 16:03:56
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I don't see the dip (in silver) that I would like to see.
I would buy (and have bought on a few different occasions) at the 17.50 - 17.70 level (or lower), and buy relatively heavy.
I've got 1 oz. rounds, 10 oz. bars, 40%, and 90%, but I think the best deal going for me is the 90% at my local shop.
When silver was $17.60, I managed to obtain a nice quantity of 90% halves for 12.40/dollar face.
I also think the scarcity of pre 65 coin will continue to increase due to continuing recycling of these coins at the refiner level.
Also, the case for silver as an alternate currency in the future seems stronger with the Fed announcement recently. Pre-64 coins (and to some extent, Silver Eagles) will probably be more accepted by the general populace than no-name 1 oz. rounds, should the worst case scenario occur. |
It's Half Time...all the time. |
Edited by - JustSayNoToFiat on 08/12/2010 16:04:57 |
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Buying the dip? What price?
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