Are Gold and Silver gonna keep going down?

[bv141]

Link to the video

https://www.youtube.com/watch?v=lGntOf-xqQU

[TheChief]

Link to the video

https://www.youtube.com/watch?v=lGntOf-xqQU

http://mcalvanyica.com

[I Swan]

Palladium has been on a rip in recent years, while platinum is at lows in the Gold/Platinum ratio which should make platinum a better investment over the long term..

David McAlvany's team does brief (sub-15 minute) analysis on all 4 precious metals every Thursday + Oil and the Dollar.

Some times they skip platinum/palladium in the weekly analysis but you can find a recent Thursday show where the platinum/palladium and platinum/gold ratio are covered.




bv

I don't feel comfortable investing in palladium right now if comes down some I'd like to do a little. I do think platinum is underpriced and may make sense to buy some but not get too crazy due to the concern of possible demand falling with catalytic converters.

[GW]

Yeah,
I'm sticking with gold and silver. Who has the time to explain what palladium is, let alone what its worth in a post apocalypse barter economy.

[GW]

Yeah,
I'm sticking with gold and silver. Who has the time to explain what palladium is, let alone what its worth in a post apocalypse barter economy.

[The War Wagon]

Buyin' some more junk silver quarters today!

[TheChief]

Only 32k views away from top post in the forum!

Down to 31k!

[TheChief]

Buyin' some more junk silver quarters today!

Why junk silver instead of Eagles, Maples or Pandas? Isn't it very possible the people you are thinking about trading with wont know the silver value of them and just think they are old quarters and dimes?

[OutlawStar]

Why junk silver instead of Eagles, Maples or Pandas? Isn't it very possible the people you are thinking about trading with wont know the silver value of them and just think they are old quarters and dimes?

I'm not an expert by any means so this is just my speculation: but isn't junk silver 90% of spot price, so it just has a lower premium? I personally don't really care for eagles or maples because they have a premium, and the average joe won't care or know why they cost an extra $2 over the price of silver. But if you're selling to someone who knows about silver or a pawn shop, they'll already know about the junk silver pricing. Its why I'm in the middle between junk and rounds at bars, which I know a lot of people say not to buy because its just a bar of metal and not stamped with a pretty picture. To each their own I suppose.

[I Swan]

I'm not an expert by any means so this is just my speculation: but isn't junk silver 90% of spot price, so it just has a lower premium? I personally don't really care for eagles or maples because they have a premium, and the average joe won't care or know why they cost an extra $2 over the price of silver. But if you're selling to someone who knows about silver or a pawn shop, they'll already know about the junk silver pricing. Its why I'm in the middle between junk and rounds at bars, which I know a lot of people say not to buy because its just a bar of metal and not stamped with a pretty picture. To each their own I suppose.

I do a mix but hardly any 90% stuff I do like governmental stuff like the Canadian bars though and also Libertads. I'm not really buying any of this for SHTF.

[Supersapper]

Possibly...I was being a little bit overly dramatic about 9.8, however, we in the National Gaurd worked with the USGS and other agencies simulating a 7.8 somewhere east of San Diego county (IIRC, it was the Salton Sea area) and their projections included triggering the San Andreas as well as other, deeper faults.

Their projections included a lot of geological verbiage and the math that supported it. I remember alot about P waves, S waves, etc. This was 2 years ago.

The resulting projection was that San Diego and LA were virtually leveled with the tremors dissipating (but still being felt somewhat) as far north as Oregon.

Fortunately California is unlikely to experience a 9.8 (the Cascadia Subduction Zone in the Pacific Northwest could though). See the links at following URL if interested further:

http://www.calguns.net/calgunforum/s...3#post21972823

[kygen]

I do a mix but hardly any 90% stuff I do like governmental stuff like the Canadian bars though and also Libertads. I'm not really buying any of this for SHTF.

Only 90% I buy is pre '45; I love Mercs and Walkers....and Barbers.....The older Libertads are cool too.

[OutlawStar]

Only 90% I buy is pre '45; I love Mercs and Walkers....and Barbers.....The older Libertads are cool too.

Still doesn't really answer the question of why someone would buy it for any reason other than simple investment stuff. I don't personally understand it given some people buy pounds of junk silver at a time.

[Supersapper]

The main thing about junk silver is it's recognizability. Most people outside of the PM market wouldn't know their tail from a hole in the ground with a Silver Eagle or Maple. To them, it could just be a decorative aluminum slug.

People would recognize a quarter or dime. If they have ANY inkling about PMs, they would know about "junk silver". Also, one of the main reasons they buy them (if SHTF is the reason) is that they are very small amounts of silver. VERY EASY to carry small amounts and you do not have to give away a $16 coin, when a $2.50 quarter would be more appropo for the transaction.

Most of the reasons I've heard that people buy silver rounds (non-denominational silver coins) is that they are easy to recognize and come in cool plastic tubes of 20 when you buy them. They are eminently stackable and can buy the tubes after the fact. Bars, not so much.

Something about a Silver Eagle though...remember, the rpice over spot INCLUDES the value of the coin. It IS $1...so you're paying $2 over spot and getting back $1, so the net loss isn't $2...it's $1.

The really odd thing about Maples is this: They are stamped $5 CDN. If you do the math, that's about $3.82 USD. Typically, on sale, I've seen them for less than $1.50 over spot. In a really strange and odd way to say it, you made $2.32 USD just in the purchase.

I'm not an expert by any means so this is just my speculation: but isn't junk silver 90% of spot price, so it just has a lower premium? I personally don't really care for eagles or maples because they have a premium, and the average joe won't care or know why they cost an extra $2 over the price of silver. But if you're selling to someone who knows about silver or a pawn shop, they'll already know about the junk silver pricing. Its why I'm in the middle between junk and rounds at bars, which I know a lot of people say not to buy because its just a bar of metal and not stamped with a pretty picture. To each their own I suppose.

[kygen]

Still doesn't really answer the question of why someone would buy it for any reason other than simple investment stuff. I don't personally understand it given some people buy pounds of junk silver at a time.

I buy it mainly as a long term investment. Yea if SHTF, maybe people will barter with silver, maybe? But afterwards when things are being rebuilt, silver and gold will have it's place again I believe. That's if you live through the SHTF scenario.


People buy large quantities of junk silver at a time (45-64 Dimes/Quarters) due to the fact that the premium over spot is so small, so it is cheaper than buying 1oz bars, or 10 oz bars for that matter. Yea each coin is only 90%, but they are looking to stack weight.