Should I buy Silver and Gold?

[billyjoe]

Silver up again today. U.S. silver coin now worth 16.645X face value. I've found 1704 silver dimes in 2011-2012 and so far in 2013. I can't quit until at least 2000 finds.

----------------------------billy

[sibeiho]

Buy it....in fact this is the time to be invested for a longer period of time for gold equities.....its a mother of all crisis for the sector...you wanna be in it when its freaking dead like this.....The S&P 500 has probably topped....i might have shorted around the top if so....please check out this blog.....its shows realtime trades done and every trade is recorded and shown...the account is up by around 70% in one month already.....

http://sibeiho.files.wordpress.com

[antioch6]

I've had a nagging to buy some silver and gold stuff for a few months. Today's chart voodoo and market action is the catalyst to make it happen. SLW and IAG come to the top of my mind for something good to buy that should make great gains over the next year(s). Thoughts?

Well the price of silver seems low and it's continuously going down day by day. What is the update of gold rates. May i know?



Gold Coast Financial Services

[hags]

I know silver is way down. Has it bottomed or is it close to bottom? I just bought some 5 oz .999 pure U.S. ATB (America the Beautiful) coins for $128 each with free shipping. The dealers paid $180 each from the U.S. mint so they are taking a real bath. They were probably ordered months ago when silver was much higher. This is the lowest by far I've ever seen them priced. They are giant versions of the National Park quarters being circulated but in very small quantities around 20,000 only minted and cheaper than 5 one ounce American Silver Eagles.

-----------------------billy

Ahoy Billy....I think silver is still going lower...the chart looks very weak....the G/S ratio is looking favorable soon to sell your gold and buy all the silver you can with the proceeds.... I'm waiting till we hit a G/S of 75 to make my move...
Those Silver Eagles at Kitco are sure tempting...$22.50 each/100...a $4 premium, but that's pretty common now...even the 90% carries a premium...
Did you buy the numi version of those ATB coins or are they the non-numi coin dealer version? I own the first two years of those coins in the numi version...The mint plans to make those until 2022, I think there's 50 or 60 total coins planned.

hags

[billyjoe]

I know silver is way down. Has it bottomed or is it close to bottom? I just bought some 5 oz .999 pure U.S. ATB (America the Beautiful) coins for $128 each with free shipping. The dealers paid $180 each from the U.S. mint so they are taking a real bath. They were probably ordered months ago when silver was much higher. This is the lowest by far I've ever seen them priced. They are giant versions of the National Park quarters being circulated but in very small quantities around 20,000 only minted and cheaper than 5 one ounce American Silver Eagles.

-----------------------billy

[billyjoe]

Is this what they call a dead cat bounce ? I think not. I love silver and think I'm buying CEF today. Why didn't anybody ever mention it before?

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=cef&insttype=&freq=1&show=True&time=7

--------------------billy

[mimo_100]

You can buy both gold and silver by investing in CEF. This closed end fund has sold at an average premium of 7.715% over the last 10 years, now selling around 1.19%

http://www.closed-endfunds.com/FundSelector/FundDetail.fs?ID=2402

I own shares in this fund.

[peanuts]

2/22/13

Gold at $1575, Silver at $28.50

Seems like a fair price. Time to see how much my spare change jars can buy...

[riverbabe]

Don't forget to write a book about the experience so Peyton will realize "What my Grandpa did for me so I could go to college."

[billyjoe]

The great wild silver hunt of 2012 is over. I'm happy to report that all goals were met and surpassed.

90% silver dimes--718 out of 1,183,050 searched ratio 1/1648

silver value 718 X 2.1904= $1572.71

90% silver quarter---1 X 5.476= $5.48

40% silver half dollars--265 X 4.4782 = $1186.72

90% silver half dollars--49 X 10.9521 = $536.65

80% Canada silver half--1 X 9.0839 = $9.08

Total for the year $3310.64 silver melt value , face value $229.55

Total number silver coins = 1034

2011 Total $1721.05. Two year total $5031.69.

My new goal is to find $10,000 in wild silver in 4 years, 2011-2014. It won't be easy. I'll be taking candy and flowers to the bank tellers for 2 more years.

I found the silver halfs at 36 different banks and credit unions within a 20 mile radius of my house. I have accounts ( some as little as $10) at 17 of the branch offices.

----------------billy

[skiracer]

Hey ski,

Your math is correct on my found wheaties...

Great call on HOV.....congrats....

hags

Thx. Still holding HOV and TASR. Haven't made a trade in over a month.

[hags]

Hey ski,

Your math is correct on my found wheaties...

Great call on HOV.....congrats....

hags

[skiracer]

LOL...you sure she didn't say you have too much dime on your hands?

I calculated my penny stack since you intrigued me with your dimes....I have a half mile high copper stack and all told I've looked at another half mile worth of zincs so far....I've also found 40 feet of wheaties to date....

hags

Interesting Hags. How many "wheaties" would that mean? I have a 5 gal. water jar that is about half full of just "wheaties". Wonder how many ft. that would be. Probably about 16 of them in an inch figuring at 1/16" per each penny which translates to 192 per ft. So 40' high stack would be 7680 pennies or $76.80.
Also have you checked HOV lately. Up to $5.54 right now. My $2.75 entry is now a double.

[hags]

Hags,
Last week I told a bank teller I'd searched so many dimes that if you piled them up flat on top of each other the stack would be 1.1 mile high. She said "you've got too much time on your hands".

----------------billy

LOL...you sure she didn't say you have too much dime on your hands?

I calculated my penny stack since you intrigued me with your dimes....I have a half mile high copper stack and all told I've looked at another half mile worth of zincs so far....I've also found 40 feet of wheaties to date....

hags