Calguns.net

Calguns.net (http://www.calguns.net/calgunforum/index.php)
-   Survival and Preparations (http://www.calguns.net/calgunforum/forumdisplay.php?f=297)
-   -   Are Gold and Silver gonna keep going down? (http://www.calguns.net/calgunforum/showthread.php?t=745048)

TheChief 04-14-2013 5:13 PM

Are Gold and Silver gonna keep going down?
 
Just checked, gold is at $1482 and silver is at $25.70 an ounce. These have not been this low in two years.

Thoughts on the next year? Time to buy or time to sell?

Sig556swat 04-14-2013 5:36 PM

My guess is no. Cant see if falling much more. I would and am buying now

Yugo 04-14-2013 5:47 PM

buy buy buy

TheChief 04-14-2013 6:41 PM

90 minutes since my last post:

Gold - $1440/oz
Silver - $24.64/oz

RonnieP 04-14-2013 6:51 PM

Do you honestly think the Dollar is going to last much longer when the feds are printing 80billion/month with no plans on stopping?

Ripon83 04-14-2013 7:17 PM

$1455 a few minutes ago. Looks like a floor at about $1450 for now.

At this level it might be worth selling ammo and buying gold. The later goes up, former gets back to reality, and maybe I can afford shooting again....j/k

Ripon83 04-14-2013 7:20 PM

YES
 
Yes I do.

1). Yen. The Japanese will be printing up 1/3rd of their GDP this year. We print less than 7%.

2). Euro is still a cluster you know what.

So what choice does the world have for a currency to move $30 trillion in assets? One choice....US Dollar


Quote:

Originally Posted by RonnieP (Post 11089879)
Do you honestly think the Dollar is going to last much longer when the feds are printing 80billion/month with no plans on stopping?


RonnieP 04-14-2013 7:53 PM

Well, you can go ahead and convert those gold/silver into dollars. I'll keep them in precious metals.

cpatbay 04-14-2013 9:34 PM

All it takes is Iran and North Korea to continue their nuclear path and "someone" start bombing their nuclear facilities ...

Stormfeather 04-14-2013 11:23 PM

Give it a few more days, and see where it goes, if it drops, be prepared to start purchasing.

baz152 04-14-2013 11:47 PM

Yes it will continue to drop. People are starting to get an idea that gold only holds a value because we say it does. If all hell broke loose, I would not trade a roll of T/P for a gold coin let alone a can of food. Gold is a gamble; I am sure a lot of people were wishing that they did not buy gold and rather ammo a year ago (a good example of an item which has value and a use).

Why dont you look at this killer "new" currency named bitcoin too if you like to gamble.

k1dude 04-15-2013 12:43 AM

I suspect it will continue to fall unless a major event happens and reverses the course. Currently gold is at $1,437 and smashing through major resistance levels.

I suspect it will bottom out somewhere between $800 and $1,200 for gold and $15 to $20 for silver. But my guess is as good as yours.

The world's financial problems will eventually play out, and then PM's could go on a tear. So I would jump on buying opportunities.

Right now is like trying to catch a falling knife though.

TheChief 04-15-2013 3:21 AM

Gold - $1414/oz
Silver - $23.82/oz

RitcheyRch 04-15-2013 4:18 AM

Where do you guys buy your gold and silver?

TheChief 04-15-2013 4:56 AM

Local coin shop or jewelry stores. They will charge a fee over spot though.

All the local shops within 15 miles are charging the following.

Sell to you
Gold - 0.10oz - spot +7.5%
Gold - 0.25oz - spot +15%

Silver - 1.0oz - spot + $5
Silver - bulk bars - spot

Note: all the coins are in plastic coin cases

Buy from you
If coin is in good condition then spot price

If you buy online, there will be shipping fees, and different purchase fee levels depending on quantity and payment method. Lot of folks on here seem to like http://www.apmex.com/

Based on my calcs, it only pays to buy online when you are buying in bulk as in $1000 or more.

The War Wagon 04-15-2013 5:03 AM

When everyone's selling, it's time to be BUYING!!! :oji:

TheChief 04-15-2013 6:43 AM

Gold - $1382/oz
Silver - $23.43/oz

QQQ 04-15-2013 6:50 AM

holy crap

glockman19 04-15-2013 6:52 AM

Quote:

Originally Posted by k1dude (Post 11091892)
I suspect it will continue to fall unless a major event happens and reverses the course. Currently gold is at $1,437 and smashing through major resistance levels.

I suspect it will bottom out somewhere between $800 and $1,200 for gold and $15 to $20 for silver. But my guess is as good as yours.

The world's financial problems will eventually play out, and then PM's could go on a tear. So I would jump on buying opportunities.

Right now is like trying to catch a falling knife though.

I agree...Gold to $1,200 and Silver to $20...possibly lower over the next month or two. I see a bottom at the end of May early June.

daves100 04-15-2013 7:27 AM

Buy
 
Quote:

Originally Posted by RitcheyRch (Post 11092149)
Where do you guys buy your gold and silver?

I use APMEX, we do a group buy at work and split the shipping fee among each ounce bought.

Ripon83 04-15-2013 7:39 AM

$1366
 
Quote:

Originally Posted by TheChief (Post 11092564)
Gold - $1382/oz
Silver - $23.43/oz

Boom

paul0660 04-15-2013 7:49 AM

Quote:

Originally Posted by RitcheyRch (Post 11092149)
Where do you guys buy your gold and silver?

]

buy low sell high not necessarily in that order.

http://www.cmegroup.com/trading/meta...us/silver.html

Ripon83 04-15-2013 8:26 AM

Deflation. Are gold and silver ahead of the markets? Silver off 11% after a 7% hit on Friday. The last time we got hammered like this was '83 and it was 86 before I started buying, I kept buying till 91 then a wife happened. Damn shame I didn't keep buying.

84+ was a decent economy, but this sure doesn't feel like a decent economy on the horizon.

Baboosh 04-15-2013 10:37 AM

apmex has no industrial silver in stock anymore.

I'm not a fan og buying 'collective' silver, just fine silver. You pay a premium because it's a collectors piece but that does nothing for actual value. I just buy .999 fine bulk silver.

San Diego Gun Nut 04-15-2013 10:57 AM

I work in a Jewelry store where most of our money is made in the buying and selling of bullion and coins. He (the owner) has been doing this for 36 years and is convinced Silver will fall to $18. He is undecided on the gold atm. No one can really tell you if it is a good time for you to buy /sell so spread your eggs out, the rollercoaster isn't done IMO :eek:.

TheChief 04-15-2013 10:58 AM

Gold - $1350/oz
Silver - $23.12/oz

Ripon83 04-15-2013 11:01 AM

In the last 2 days $1 trillion in wealth was eliminated from the planet. Just FYI

RitcheyRch 04-15-2013 11:04 AM

Thanks for the information


Quote:

Originally Posted by daves100 (Post 11092824)
I use APMEX, we do a group buy at work and split the shipping fee among each ounce bought.

Quote:

Originally Posted by TheChief (Post 11092203)
Local coin shop or jewelry stores. They will charge a fee over spot though.

All the local shops within 15 miles are charging the following.

Sell to you
Gold - 0.10oz - spot +7.5%
Gold - 0.25oz - spot +15%

Silver - 1.0oz - spot + $5
Silver - bulk bars - spot

Note: all the coins are in plastic coin cases

Buy from you
If coin is in good condition then spot price

If you buy online, there will be shipping fees, and different purchase fee levels depending on quantity and payment method. Lot of folks on here seem to like http://www.apmex.com/

Based on my calcs, it only pays to buy online when you are buying in bulk as in $1000 or more.

Always been my philosophy :D

Quote:

Originally Posted by paul0660 (Post 11092970)
]

buy low sell high not necessarily in that order.

http://www.cmegroup.com/trading/meta...us/silver.html


durandal 04-15-2013 11:08 AM

1350 ish

Hoologan 04-15-2013 11:16 AM

Quote:

Originally Posted by The War Wagon (Post 11092215)
When everyone's selling, it's time to be BUYING!!! :oji:

I predict people will start cutting their loses and we'll see a massive selloff soon. This is only my opinion.

Oceanbob 04-15-2013 11:18 AM

As the economy gets better metals will drop.

Dave Ramsey would not invest in metals at this time.

JMO

Baboosh 04-15-2013 11:52 AM

Silver down 13.5%

maybe you all are right, it may be $15 by Friday

Baboosh 04-15-2013 11:59 AM

Just took a big drop, down 16% right now.

socal147 04-15-2013 12:04 PM

Gold will be $50 an ounce.
Silver will be $1 an ounce.

:eek:

TheChief 04-15-2013 12:06 PM

Quote:

Originally Posted by socal147 (Post 11094992)
Gold will be $50 an ounce.
Silver will be $1 an ounce.

:eek:

Then it'll be time to buy buy buy! ;)

TheChief 04-15-2013 12:07 PM

Are any of you selling your silver and gold coins, bars, and trinkets today or tomorrow?

Baboosh 04-15-2013 12:21 PM

Down 16.5% now

TheChief 04-15-2013 12:21 PM

Quote:

Originally Posted by TheChief (Post 11089185)
Just checked, gold is at $1482 and silver is at $25.70 an ounce. These have not been this low in two years.

Thoughts on the next year? Time to buy or time to sell?

Its 4:15p EST. U.S. Markets close at 4:00p EST

Gold - $1335/oz
Silver - $22.70/oz

Baboosh 04-15-2013 12:21 PM

Quote:

Originally Posted by TheChief (Post 11095025)
Are any of you selling your silver and gold coins, bars, and trinkets today or tomorrow?

Curious also. I'll pay cash if anyone is looking to dump :)

jpscoot_21 04-15-2013 12:22 PM

Salt lake city refinery. Bullion for sale


All times are GMT -8. The time now is 9:29 AM.

Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2016, vBulletin Solutions, Inc.