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  1. #16
    Charter Member
    us
    An unidentified coin is a piece of metal. An identified coin is a piece of history.

    Oct 2004
    N. San Diego area (Pic of my two best 'finds'; son and grandson)
    Minelab Explorer
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    Plumbata,
    When I first felt Trump was losing ground, I started buying gold. When possible, I continue to average up my meager holdings believing gold will surpass 2K before the election. If Biden wins, I'm OK with the gold. If Trump wins, I'll quickly switch to equities.
    Don.........

  2. #17

    Apr 2008
    3,644
    473 times
    I finally went and bought some silver this morning. I picked up a full roll 2004 Mexican Libertads in BU condition for $30 per coin. I hated paying that much but I haven't been doing my normal dollar cost averaging lately and the 2004 coins have a bit of a collector premium on them for some reason.

    I went to two local stores and both had plenty of inventory available (brought to the stores by eager sellers) but the premiums are still high along with spot price (to me at least). If/when silver goes back to $15 and stays there for a few years I'll regret this purchase.

    My silver predictive powers are usually opposite to reality and I sort of think we will drop to $20 or a bit below in very near term, so in reality silver will probably rise.

    If we drop below $20 I have a bit of dry powder to buy a couple hundred more ounces. My long term guesses tend to be much better than short to mid term and I see three figure silver in the future. Might sound crazy but remember for a short time people were paying over $17,000+ for a completely made up, invisible, electronic "currency" without any backing made by a private entity. Something that is tangible and has been valued for thousands of years will rise as the paper value products implode.

    I like this Nostradamus quatrain below. Remember this was written in 1500's. He made several correct predictions during his life but many don't know that. I think he is referring to all the paper, non-backed "investments" and currencies, etc, floating around today. To him back in his day this would be "copies of gold and silver".


    XXVIII.

    Les simulacres d'or & argent enflez, Qu'apres le rapt au lac furent gettez Au desouvert estaincts tous & troublez. Au marbre script prescript intergetez.

    The copies of gold and silver inflated,
    which after the theft were thrown into the lake, at the discovery that all is exhausted and dissipated by the debt. All scrips and bonds will be wiped out.
    Last edited by jim4silver; Aug 14, 2020 at 11:09 AM.
    Plumbata likes this.
    R.I.P. Rich Hartford

  3. #18

    Apr 2008
    3,644
    473 times
    I have been holding off on buying for the most part recently but decided today to visit a couple of coin stores. I was surprised how quiet they were? I figured with the drop there would be more traffic. I didn't buy too much but picked up some Kookaburras, Koalas and a few others for $3 over. No spots all perfect looking. Still hard for me to think about paying $25+ for a silver coin.

    I think short term the silver market will follow what the stock market does. I wouldn't be surprised to see $20 again for a short time.
    R.I.P. Rich Hartford

  4. #19
    us
    Jan 2016
    South of Gunnison, Gold Basin
    F2
    2,090
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    Prospecting
    I've been stacking furiously this year and work has been great.
    A few ounces above 25 but mostly below 25 so I'm happy.
    We still cant find any help in asphalt work and no one wants a hard dirty job that pays great but I'll take it!
    Woop woop!
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  5. #20
    us
    Martiobarbuli

    May 2012
    Wyoming
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    Still buying cheap scrap for refining and have built a pretty legit junior mining stock portfolio. Hoping for a last crash/dip to top it off but I'm already well positioned. Hang on tight and good luck everyone!Click image for larger version. 

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  6. #21
    us
    Martiobarbuli

    May 2012
    Wyoming
    White's
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    All Types Of Treasure Hunting
    Man, the mining stocks are starting to diverge from the general market, seems that holders have gotten wiser and aren't selling off when those totally organic and legit vertical overnight spot price drops occur. Aurcana in particular has been impressive lately, in spite of their issues production being imminent has largely immunized it. Up 450% and looking forward to another 450% in short order though at it's current cap other plays are relatively cheap. Keep stacking up your physical and stocks my friends, at least some of us will thoroughly enjoy what's coming next year!
    Click image for larger version. 

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  7. #22
    us
    Sep 2020
    Texas
    Tesoro Tejon
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    All Types Of Treasure Hunting
    I'm new to the markets.. I have cash to spend and have been converting a bunch of my income into Silver. I've been buying mostly 90% Constitutional coinage.

    Obviously I didn't pick the most opportune time to start buying into physical silver.. Looking at charts from a year ago and before, it looks like Silver fluctuated around $15/$16 an ounce for a good long while. I could have gotten more bang for my buck back then, but I didn't have the finances to do so at the time.

    I'm snagging deals at melt and I'm not looking for numismatic value or other frills. I want to increase my holdings with haste at the best deals that I can find in the current conditions. If the market dips, I will only look at it as a buying opportunity. I have a good feeling about silver in the coming years.
    Plumbata likes this.

  8. #23
    us
    Jan 2016
    South of Gunnison, Gold Basin
    F2
    2,090
    2506 times
    Prospecting
    They can keep this going for awhile but fiat has a 100 percent failure rate throughout history, so you know what's coming.
    This time is never different. Hold REAL money.
    Plumbata likes this.

  9. #24

    Apr 2008
    3,644
    473 times
    Quote Originally Posted by Johnnybravo300 View Post
    They can keep this going for awhile but fiat has a 100 percent failure rate throughout history, so you know what's coming.
    This time is never different. Hold REAL money.

    I think TPTB will have another world war if the dollar really looks to be in trouble of failing. There is no reason why the dollar will crash but all other fiat currencies will survive. So if there are several national currency crashes that happen, which one crashes first? If the Euro were to crash the dollar would soar, and vice versa. While fiat currencies will lose "value" as they have over the decades, I don't see them actually crashing to zero, if that is even possible since they can keep printing.

    There will probably be some sort of electronic gov currency created (gov style Bitcoin) and they will do away with "cash" at some point. They will use the excuse of preventing tax cheats and that they can track every "dollar" going through the system. People who hold it can still "barter" if they wish, but since it won't be legally acceptable I can see gold/silver filling that void for people who wish to avoid the e curreny.

    I believe this type of environment will be a huge catalyst for silver and gold if they remove "cash" someday. Since probably 99% of the population don't hold much if any gold/silver bullion, probably won't be any confiscations again like in 1933.

    One issue many stackers like myself fail to realize is that society has been conditioned to not think of gold/silver as money or valuable anymore. It would take new conditioning to re-educate the masses about PMs. So probably only stackers and very wealthy will have lots of PMs if/when this comes to pass someday.
    R.I.P. Rich Hartford

  10. #25
    Charter Member
    us
    Mar 2009
    A Place In Heaven
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    Quote Originally Posted by jim4silver View Post
    I think TPTB will have another world war if the dollar really looks to be in trouble of failing. There is no reason why the dollar will crash but all other fiat currencies will survive. So if there are several national currency crashes that happen, which one crashes first? If the Euro were to crash the dollar would soar, and vice versa. While fiat currencies will lose "value" as they have over the decades, I don't see them actually crashing to zero, if that is even possible since they can keep printing.

    There will probably be some sort of electronic gov currency created (gov style Bitcoin) and they will do away with "cash" at some point. They will use the excuse of preventing tax cheats and that they can track every "dollar" going through the system. People who hold it can still "barter" if they wish, but since it won't be legally acceptable I can see gold/silver filling that void for people who wish to avoid the e curreny.

    I believe this type of environment will be a huge catalyst for silver and gold if they remove "cash" someday. Since probably 99% of the population don't hold much if any gold/silver bullion, probably won't be any confiscations again like in 1933.

    One issue many stackers like myself fail to realize is that society has been conditioned to not think of gold/silver as money or valuable anymore. It would take new conditioning to re-educate the masses about PMs. So probably only stackers and very wealthy will have lots of PMs if/when this comes to pass someday.
    Well by the time that all happens I guess my kids will be the wealthy one. Lol Keep Stacking
    P.S. I have started stacking a wee bit of gold right now but I guess at the wrong time as no one is selling right now. Lol
    jim4silver likes this.

  11. #26

    Apr 2008
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    473 times
    Quote Originally Posted by Marchas45 View Post
    Well by the time that all happens I guess my kids will be the wealthy one. Lol Keep Stacking
    P.S. I have started stacking a wee bit of gold right now but I guess at the wrong time as no one is selling right now. Lol

    I think we will see upside movement in the not too distant future such as hitting 30 again, maybe 50 too. But to see gargantuan gains "Bitcoin" style I feel we are going to need something really drastic taking place on the dollar front.

    There are many big level traders making $$$ riding the small bull waves up then shorting the metals back to their base levels. Right now the dollar chart looks like total crap, but gold/silver are down as well? This type of tandem movement of dollar/PMs is somewhat rare and normally doesn't last for long. Either the dollar will break out and PMs fall faster, or the dollar will drop even lower and metals will start to rise again.

    Check out the weekly dollar chart. Depending on how the dollar closes this week, we may be at a weekly low we haven't seen in a long time. So I don't see how the dollar is going to rally here short term. Once we get further stimulus PMs will rise again but how much who knows?

    Here is the silver daily chart (looks like it wants to drop further):

    http://schrts.co/DizpHAnm


    Here is the dollar weekly chart (making new lows not a good sign for dollar bulls):

    http://schrts.co/YpUJHNSi
    R.I.P. Rich Hartford

  12. #27
    us
    Jan 2016
    South of Gunnison, Gold Basin
    F2
    2,090
    2506 times
    Prospecting
    With the skyrocket of gold and silver happening just after the $1200 payment to everyone, they probably dont want to try that again and it's most likely why they havent.
    Grocery prices also rose almost immediately which of course isnt counted anywhere "official".
    They are between a rock and a stick of dynamite.

 

 
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