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Survival and Preparations Long and short term survival and 'prepping'.

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  #1  
Old 04-14-2013, 5:13 PM
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Default 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?
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  #2  
Old 04-14-2013, 5:36 PM
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My guess is no. Cant see if falling much more. I would and am buying now
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  #3  
Old 04-14-2013, 5:47 PM
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buy buy buy
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Voting for Donald Trump is the protest vote against: Keynesian economics, Neocon wars, exporting jobs, open borders, Washington criminal cartel, too big to fail banks and too big to jail pols and banksters.

Cutting off foreign aid to EVERY country and dismantling the police/surveillance state!

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Old 04-14-2013, 6:41 PM
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90 minutes since my last post:

Gold - $1440/oz
Silver - $24.64/oz
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  #5  
Old 04-14-2013, 6:51 PM
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Do you honestly think the Dollar is going to last much longer when the feds are printing 80billion/month with no plans on stopping?
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  #6  
Old 04-14-2013, 7:20 PM
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Default 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


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Originally Posted by RonnieP View Post
Do you honestly think the Dollar is going to last much longer when the feds are printing 80billion/month with no plans on stopping?
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  #7  
Old 04-14-2013, 7:17 PM
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$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
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  #8  
Old 04-14-2013, 7:53 PM
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Well, you can go ahead and convert those gold/silver into dollars. I'll keep them in precious metals.
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  #9  
Old 04-14-2013, 9:34 PM
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All it takes is Iran and North Korea to continue their nuclear path and "someone" start bombing their nuclear facilities ...
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  #10  
Old 04-14-2013, 11:23 PM
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Give it a few more days, and see where it goes, if it drops, be prepared to start purchasing.
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  #11  
Old 04-14-2013, 11:47 PM
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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.
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  #12  
Old 03-30-2014, 4:57 PM
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Quote:
Originally Posted by baz152 View Post
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.
Agreed. Gold is not the solution. It was interesting watching people horde gold paying ridiculous prices only to then freak out as they watched the price of gold plummet. if the U.S. currency fails, we will have much larger problems. I would rather have provisions including an abundant supply of sought after ammunition.
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  #13  
Old 04-01-2014, 6:42 PM
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Default How silver-gold price is artificially held down

Paul Craig Roberts explains in this article why and how the price of gold is suppressed every time the price of gold starts to rise dramatically (as the dollar starts to fall dramatically).

Article: http://www.paulcraigroberts.org/2014...rve-integrity/

In short, maintaining the value of the dollar is more important than allowing gold to have a true price.

You might be waiting a very long time before gold breaks out of the shackles placed on it by the Federal Reserve.

Silver tends to track gold and therefore may also be subject to similar Federal Reserve control.
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  #14  
Old 04-03-2014, 9:58 AM
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Quote:
Originally Posted by Advocate View Post
Agreed. Gold is not the solution. It was interesting watching people horde gold paying ridiculous prices only to then freak out as they watched the price of gold plummet. if the U.S. currency fails, we will have much larger problems. I would rather have provisions including an abundant supply of sought after ammunition.
Those people should not be investing at all, theres no sure thing. With PM's if you can't handle a loss, you sell past a certain threshold, rebuy later and sell when things move up a bit.

That's why I moved a bit into collector coins, I managed to pick up the odd coins at spot or slightly over when I can then sit on them for a while and sell them with the premium later.

I've seen a lot of people get burned by gold purchases because they didn't do their home work.
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  #15  
Old 04-15-2013, 12:43 AM
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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.
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  #16  
Old 04-15-2013, 3:21 AM
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Gold - $1414/oz
Silver - $23.82/oz
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  #17  
Old 04-15-2013, 4:18 AM
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Where do you guys buy your gold and silver?
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  #18  
Old 04-15-2013, 4:56 AM
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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.
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  #19  
Old 04-15-2013, 5:03 AM
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When everyone's selling, it's time to be BUYING!!!
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  #20  
Old 04-15-2013, 7:27 AM
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Originally Posted by RitcheyRch View Post
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.
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  #21  
Old 04-15-2013, 7:49 AM
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Quote:
Originally Posted by RitcheyRch View Post
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
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  #22  
Old 04-15-2013, 6:52 AM
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Quote:
Originally Posted by k1dude View Post
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.
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  #23  
Old 06-20-2013, 9:30 AM
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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.
My call from 2 mos ago...Just a reminder.
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  #24  
Old 06-20-2013, 3:34 PM
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Originally Posted by glockman19 View Post
My call from 2 mos ago...Just a reminder.
If they stop the downward slide at or around those points then you are a visionary...if they keep going down you will have to turn in your crystal ball.
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Old 06-20-2013, 4:24 PM
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If they stop the downward slide at or around those points then you are a visionary...if they keep going down you will have to turn in your crystal ball.
It hit my mark within my timeframe...and now I'm re-evaluating...downward. No need to turn in anything.
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  #26  
Old 01-03-2014, 7:49 PM
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Originally Posted by glockman19 View Post
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.

Crystal balls are great, aren't they?
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  #27  
Old 03-26-2014, 3:22 PM
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Originally Posted by k1dude View Post
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.
who would have known, youre almost right
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  #28  
Old 03-26-2014, 6:53 PM
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who would have known, youre almost right

The fall for metals is far from over. I stand by my long term prediction that gold will get closer to 800 before it hits 1500.

Just my opinion......
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  #29  
Old 04-15-2013, 6:50 AM
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holy crap
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  #30  
Old 04-15-2013, 8:26 AM
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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.
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  #31  
Old 04-15-2013, 10:37 AM
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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.
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  #32  
Old 04-15-2013, 10:57 AM
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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 .
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  #33  
Old 04-15-2013, 10:58 AM
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Gold - $1350/oz
Silver - $23.12/oz
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  #34  
Old 04-15-2013, 11:01 AM
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In the last 2 days $1 trillion in wealth was eliminated from the planet. Just FYI
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  #35  
Old 04-15-2013, 11:04 AM
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Thanks for the information


Quote:
Originally Posted by daves100 View Post
I use APMEX, we do a group buy at work and split the shipping fee among each ounce bought.
Quote:
Originally Posted by TheChief View Post
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

Quote:
Originally Posted by paul0660 View Post
]

buy low sell high not necessarily in that order.

http://www.cmegroup.com/trading/meta...us/silver.html
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  #36  
Old 06-30-2013, 12:24 PM
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Quote:
Originally Posted by Ripon83 View Post
In the last 2 days $1 trillion in wealth was eliminated from the planet. Just FYI
actually the wealth wasn't eliminated ,it is in the pockets of those who sold the gold at the higher prices. Remember for some one to make money it takes someone else with money "usually" to part with it.
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  #37  
Old 01-09-2016, 2:55 PM
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Quote:
Originally Posted by Ripon83 View Post
In the last 2 days $1 trillion in wealth was eliminated from the planet. Just FYI
Where did it go?
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  #38  
Old 01-09-2016, 4:28 PM
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Default Poof

Wealth doesn't have to transfer.

Account balance a week ago Friday, $1,171,987

Account balance yesterday at close, $1,119,421

POOF

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Originally Posted by Sunday View Post
Where did it go?
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  #39  
Old 01-09-2016, 4:36 PM
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Default Fool's Gold ??

No one knows.

Instead, buy the stock market when there is a correction, then hold on for the next 10 to 20 years and sell at any peak during that period.

Or simply buy and hold until you need money.

The market goes up in the long run.

Short-term prediction is a con game - no one knows.

Check into the following ETF's:
DIA (Dow Jones Index)
QQQ (Nasdaq)
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  #40  
Old 01-09-2016, 5:57 PM
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Quote:
Originally Posted by kmas View Post
No one knows.

Instead, buy the stock market when there is a correction, then hold on for the next 10 to 20 years and sell at any peak during that period.

Or simply buy and hold until you need money.

The market goes up in the long run.

Short-term prediction is a con game - no one knows.

Check into the following ETF's:
DIA (Dow Jones Index)
QQQ (Nasdaq)
Harry Dent has been forecasting for I'm sure longer than you have been alive. You might want to listen to another angle. He says this is a Bubble and bubbles are not corrections, they pop and pop hard.

His predictions are along the lines of Dow 5800, S&P 666, gold $700- long term $250-$400, commodities 65% pops easy. $8-$20 oil, RE down 40% Calif more !

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