Silver and Gold charts look good!

jim4silver · Nov 26, 2012

Both silver and gold have good looking charts right now.

Long Term Bottom in Place Across Entire PM Sector, Gold Stocks Set To Overwhelm Gold | SilverDoctors.com

PS This article is a couple of days old and doesn't show the current price of over 34.

Jim

$ilver$urfer · Nov 27, 2012

Hi Jim,

Hope all is well - long time since I posted in here or the CRH'ing forum! While I don't understand the charts, I was wondering if I could ask you for some advice? I was wondering what your (and others) thoughts were regarding selling off some of my PMs to acquire some very nice farmland in close proximity to my home? I know some say hold on for doomsday but aren't cropland, food and supplies more important to survival than gold and silver? I enjoy stacking but I see PMs more as a tool to get the things I will need in the future, not an end in themselves (hope that makes sense). At any rate, I hope to get favorable pricing and terms on the land and it has contracts set up so I know the land will pay for itself with very little if any out of pocket from me except for the down payment. Who knows, maybe some day I will need to become a farmer and this land acquisition may just be the ticket! :tongue3:

Thanks,

$ilver$urfer :hello:

jim4silver · Nov 27, 2012

$ilver$urfer said:
Hi Jim,

Hope all is well - long time since I posted in here or the CRH'ing forum! While I don't understand the charts, I was wondering if I could ask you for some advice? I was wondering what your (and others) thoughts were regarding selling off some of my PMs to acquire some very nice farmland in close proximity to my home? I know some say hold on for doomsday but aren't cropland, food and supplies more important to survival than gold and silver? I enjoy stacking but I see PMs more as a tool to get the things I will need in the future, not an end in themselves (hope that makes sense). At any rate, I hope to get favorable pricing and terms on the land and it has contracts set up so I know the land will pay for itself with very little if any out of pocket from me except for the down payment. Who knows, maybe some day I will need to become a farmer and this land acquisition may just be the ticket!

Thanks,

$ilver$urfer

Hopefully Charlie will answer this because he is a real estate expert. In my opinion the farm land would be as good and possibly even better than PMs as long as you know what you are doing (with respect to farming, or leasing it out, etc) and don't wind up with a piece of property that has a lot of problems/issues.

The value of farm land has been going up in value over the past couple of years and will probably rise along with inflation much more than most residential property over the next 5 to 10 years. Good luck to you!

Jim

Marchas45 · Nov 27, 2012

SilverSurfer, what are you planning to do with the land? For survival reasons I would want about a 4 acre field which I have so that I can plant enough food for me and the missus and for a few animals like chickens and the like and would be a lot cheaper.
If your in it for the investment then yes, I would consider farmland. You can lease it out or farm it yourself but that takes lots of work to do the latter. Also if I would be buying, I would not go into debt for it so that brings up another point. See if you can buy it with the seller holding the mortgage not the bank as the seller will give you a lower interest rate and he or she may even take your silver as down payment and payments in Silver. Remember you can spend up to $9999.00 without declaring it, over that Uncle Sam will want his share.
Farmland is the number one selling property right now so you will be paying a higher price for it than a wood lot. Hopefully you know what is farmland compared to Grazing land (a lot of people don't)
Now as for selling my Silver right now, I for one wouldn't do it as I believe it's going to go up from here and you be in a better position of wealth to trade when the time comes as people will be looking to sell to make ends meet when the SHTF IMO. Charlie

$ilver$urfer · Nov 28, 2012

Marchas45 said:
SilverSurfer, what are you planning to do with the land? For survival reasons I would want about a 4 acre field which I have so that I can plant enough food for me and the missus and for a few animals like chickens and the like and would be a lot cheaper.
If your in it for the investment then yes, I would consider farmland. You can lease it out or farm it yourself but that takes lots of work to do the latter. Also if I would be buying, I would not go into debt for it so that brings up another point. See if you can buy it with the seller holding the mortgage not the bank as the seller will give you a lower interest rate and he or she may even take your silver as down payment and payments in Silver. Remember you can spend up to $9999.00 without declaring it, over that Uncle Sam will want his share.
Farmland is the number one selling property right now so you will be paying a higher price for it than a wood lot. Hopefully you know what is farmland compared to Grazing land (a lot of people don't)
Now as for selling my Silver right now, I for one wouldn't do it as I believe it's going to go up from here and you be in a better position of wealth to trade when the time comes as people will be looking to sell to make ends meet when the SHTF IMO. Charlie

Jim and Charlie,

Thanks for the great advice gents!

Thanks again!

$ilver$urfer :hello:

mayramallikind · Nov 30, 2012

Hi, everyone!)
Understanding precious metals prices charts will help you identify the best time to buy or sell your precious metal investment. In addition, your ability to read precious metals prices graphs will help you evaluate whether a dealer’s asking price for silver, gold or platinum bullions or coins are reasonable.

You should read the article about 5 things you need about precious metals prices charts

Jason in Enid · Nov 30, 2012

The charts in the OP are contradictory. The author stating both that the price of gold is going up and down.

jim4silver · Nov 30, 2012

Jason in Enid said:
The charts in the OP are contradictory. The author stating both that the price of gold is going up and down.

A chart cannot be contradictory. It simply is what it is. Perhaps someone's analysis of what the chart shows can be contradictory in terms of their predictions, but this article is not that either. The longer term trend is the focus. Author said gold could significantly correct before the price takes off. What I believe he means is the price could come down to touch the trend line which if it did happen would push gold into the mid 1600s or so before any price take off.

No asset moves up all the time even in a bull market. If it were to do that, it would come crashing down fast like silver did in spring of 2011. I don't know if the author is going to be right or not with 100% certainty, but the charts do look very promising for higher prices over the next few months based on basic chart analysis techniques.

Jim