Are Gold and Silver gonna keep going down?

[keenkeen]

Good time to buy silver and gold...

...is when exactly?

[F8ality]

...is when exactly?

Now and every payday from now until you retire...then assess your combined situation ie; stocks, 401k, IRA's, pension, precious metals and decide what you want to do for the rest of your life...jmho

[keenkeen]

Now and every payday from now until you retire...then assess your combined situation ie; stocks, 401k, IRA's, pension, precious metals and decide what you want to do for the rest of your life...jmho

So if it gets back to $1800...or runs up to $3000/oz just keep buying into it every week/month?

Like the stock market?

[cannon]

So, where can one buy actual gold coins over the counter in the L.A area?

[mnichols]

Hey guys,
I'm looking to start stacking a bit. Starting small.

I'm thinking these look like a decent place to start:

http://www.monarchpreciousmetals.com/index.php?page=shop.product_details&flypage=flypage.tpl&product_id=70&category_id=30&option=com_virtuemart&Itemid=53

Any reason not to? Is monarch gtg?

I've read back through the last dozen or so pages of this thread, what do you think?

[sixoclockhold]

Serious question for all those here who expect silver and gold prices to drop like a rock: do you expect the dealers to run out of physical inventory at some point (either due to people buying the "deals" or because supply decreases)? If so, when?

Smaller dealers will surely run out, they won't be willing to sell their life savings (Inventory) for pittance.

[kygen]

between guns, and buying a car, there isn't enough for silver!

[CaliforniaLiberal]

Hey guys,
I'm looking to start stacking a bit. Starting small.

I'm thinking these look like a decent place to start:

http://www.monarchpreciousmetals.com/index.php?page=shop.product_details&flypage=flypage.tpl&product_id=70&category_id=30&option=com_virtuemart&Itemid=53

Any reason not to? Is monarch gtg?

I've read back through the last dozen or so pages of this thread, what do you think?

I think it's wisest to first get out of debt (don't go into debt to buy precious metals), then have an emergency savings account with a few months worth of money to get you through regular sorts of life emergencies; then make sure you've got a few weeks of emergency food and water at home and the means to protect it.

Once you get all that squared away think about why you want to buy precious metals. They are very volatile and unpredictable - worse investments than casino gambling in my opinion.

Maybe you're thinking of bartering after the world economy collapses and US Dollar is worthless. Could work, no guarantees.

I don't know Monarch. I have had good dealings with Provident Metals. At certain times they will take a while to ship your purchase but they make that clear up front.

I really like the feel of gold. But women and cats feel about as good, and are less expensive. Well, the cats are less expensive anyway.

[F8ality]

My suggestion before stacking:
1) save $1,000 as quick as you can
2) pay off all debt other than your house
3) save a nest egg that will cover your monthly costs for -6 months
4) start paying extra on your house
5) diversify your life savings portfolio
Roth IRA, Mutual Funds for sure and then look into buying precious metals like I stated before....every payday along with your other investments.
Ex.
Each payday
$50- mutual fund
$50- RothIRA
$20- silver/gold
$20- dollar bill in your sock drawer

It gets easier every week and every payday. Won't take too long before looking back and going wow...I'm not doing too bad.

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[mindwip]

Good advise above about saving. The only thing I disagree with is extra payments on the house, and would not pay off car loan early either.

Why? Guess it's very easy to get 6 to 7 percent interest in that same money you would be using to pay your 1.5 to 4percent interest on your house or car.

Now when rates go up, my above point is mute. But at this current time investing is better.

15 to 20 percent of every paycheck I get is invested. I am single with no kids so it might be easier then some but I started when I was 23 doing this.

[F8ality]

Very smart to start so young. If more Americans did this, our country would be so much better off. Unfortunately the banks bank on us being dependent on them because as a whole we are force fed to become consumers and not efficient savers

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[Spyder]

My suggestion before stacking:
1) save $1,000 as quick as you can
2) pay off all debt other than your house
3) save a nest egg that will cover your monthly costs for -6 months
4) start paying extra on your house
5) diversify your life savings portfolio
Roth IRA, Mutual Funds for sure and then look into buying precious metals like I stated before....every payday along with your other investments.
Ex.
Each payday
$50- mutual fund
$50- RothIRA
$20- silver/gold
$20- dollar bill in your sock drawer

It gets easier every week and every payday. Won't take too long before looking back and going wow...I'm not doing too bad.

Sent from my SM-N910V using Tapatalk

HI DAVE!!!

Good advise above about saving. The only thing I disagree with is extra payments on the house, and would not pay off car loan either.

Why? Guess it's very easy to get 6 to 7 percent interest in that same money you would be using to pay your 1.5 to 4percent interest on your house or car.

Now when rates go up, my above point is mute. But at this current time investing is better.

15 to 20 percent of every paycheck I get is invested. I am single with no kids so it might be easier then some but I started when I was 23 doing this.

You're not Dave...

[F8ality]

Dave?

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[therealnickb]

Ramsey

[mindwip]

How do you know I am not Dave? I could be a Dave lol.