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Thread: Investing in Gold & Silver

  1. #1

    Default Investing in Gold & Silver

    Are you investing in gold and/or silver? I do watch the news and know that the dollar effects the gold market so do alot of you purchase gold coins? I did start buying silver, but I have slacked up on that and I am not sure if I need to continue.

    Also, if I am posting in the wrong place please tell me where to go (And be nice) to post my newbie questions.

    Thank you,
    Secret Squirrel


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  3. #2

    Default Re: Investing in Gold & Silver

    This was on CNBC's website today...

    Gold to Reach $5,000 Due to Supply Shortage: Report

    "An exhaustive report by Standard Chartered predicts that gold [GCCV1 1524.20 8.60 (+0.57%) ] will more than triple to $5,000 an ounce because of a lack of supply, not just because of a surge in demand that most bullion bugs cite in their bullish calls."
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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  5. #3

    Default Re: Investing in Gold & Silver

    Quote Originally Posted by tsptalk View Post
    This was on CNBC's website today...Gold to Reach $5,000 Due to Supply Shortage: Report"An exhaustive report by Standard Chartered predicts that gold [GCCV1 1524.20 8.60 (+0.57%) ] will more than triple to $5,000 an ounce because of a lack of supply, not just because of a surge in demand that most bullion bugs cite in their bullish calls."
    I hope it does go to $5000. I bought gold coins in 2005-2007 average @$700 and silver @$9. I'm already in a sweet spot.

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  7. #4

    Default Re: Investing in Gold & Silver

    Good for you for hanging on for so long during the volatility!
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  8.  
  9. #5

    Join Date
    Dec 2010
    Location
    Eastern Washington
    Posts
    127

    Default Re: Investing in Gold & Silver

    Physical silver yes, gold no. Too rich for my blood (shoulda started 10 years ago!). I am doing PSLV and PHYS however.

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  11. #6

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,391

    Default Re: Investing in Gold & Silver

    Gold $5,000 My Butt! Good bye Mr. America!



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  13. #7

    Default Re: Investing in Gold & Silver

    Quote Originally Posted by nnuut View Post
    Gold $5,000 My Butt! Good bye Mr. America!
    What are you saying exactly? That your butt is better looking than Mr. America's?

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  15. #8

    Default Re: Investing in Gold & Silver

    Marc Faber interview this am: Hold off buying gold now until correction; hold physical gold but not in the hands of US custodians or US bank safe deposit boxes. Use Canadian, Singapore, Australian, Swiss banks. This was questioned by the interviewer as in "don't you trust US banks?" and he answered I don't trust anyone.

    I guess it's possible that the USG could seize physical gold held by its citizens and exchange it for USG promises. Something to think about.

    Peter Schiff was pushing an overseas custodian last May.

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  17. #9

    Join Date
    Sep 2008
    Location
    West of Atlanta
    Posts
    2,580

    Default Re: Investing in Gold & Silver

    I have a couple of gumball machines on location and the past 2 times I have serviced the machine at this one location I have found a single silver quarter each time. I only service the machines every 6 weeks and so far have only found 2 silver quarters but it's a start. The first one was a 1944 and the second was a 1935.

    These finds have piqued my interest in "junk" silver. Anybody know anything about junk silver?


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  19. #10

    Default Re: Investing in Gold & Silver

    Quote Originally Posted by Warrenlm View Post
    Marc Faber interview this am: Hold off buying gold now until correction; hold physical gold but not in the hands of US custodians or US bank safe deposit boxes. Use Canadian, Singapore, Australian, Swiss banks. This was questioned by the interviewer as in "don't you trust US banks?" and he answered I don't trust anyone.

    I guess it's possible that the USG could seize physical gold held by its citizens and exchange it for USG promises. Something to think about.

    Peter Schiff was pushing an overseas custodian last May.
    Faber is an extreme perma bear. I was surprised that he said to hold 25-30% equities. Also, why hold physical gold if it's going to correct. Sell it at an all time high if it's going to correct, right?

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  21. #11

    Join Date
    Sep 2008
    Location
    West of Atlanta
    Posts
    2,580

    Default Re: Investing in Gold & Silver

    All this talk of gold and silver being in a bubble has me wondering if "all yall" think the dollar has bottomed.

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  23. #12

    Default Re: Investing in Gold & Silver

    What is the best way to hold gold in a Roth Ira?
    100 G
    RSI - Relative Strength Indicator DMA - day moving average

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