Should I buy Silver and Gold?

[billyjoe]

Eric,
You can fill your wallet with bitcoins and I'll put celestia gold coins in mine. Only trouble is they're hard to find.

http://en.wikipedia.org/wiki/Nation_of_Celestial_Space

Here's a set http://cgi.ebay.com/RARE-Gold-Celest...item2eb5bcb0fb

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

[Eric]

Eric,
You can fill your wallet with bitcoins and I'll put celestia gold coins in mine. Only trouble is they're hard to find.

http://en.wikipedia.org/wiki/Nation_of_Celestial_Space

Here's a set http://cgi.ebay.com/RARE-Gold-Celest...item2eb5bcb0fb

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

Haha, Billy! That is quite amazing. Surprised I never heard of it before.

"James Thomas Mangan's descendants include his son, James C. Mangan (deceased), his daughter Ruth Mangan Stump, "Princess of the Nation of Celestial Space", and three grandsons, Glen Stump, "Duke of Selenia", Dean Stump, "Duke of Mars", and Todd Stump, "Duke of the Milky Way"."

I lol'd. You can be the Duke of Uranus.

[billyjoe]

My goal is to find $1000 in silver coins this year. I looked up current silver melt prices as of this morning and to date I've found:

127 wartime 35% silver nickels X 1.90= 241.30
29 , 40% silver half dollars 1965-'70X5.00=145.00
17, 90% silver dimes X 2.44 = 41.48
1, 90% silver half dollar X12.22= 12.22

--------Grand Total--------------$440.00


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

[peanuts]

Ladies and Gentlemen, if you are curious about precious metals but don't own any because you don't understand it, then read this: http://www.chrismartenson.com/blog/s...d-silver/59850

If you already have PM's, then you will still want to read that.

If you know someone that might be interested, then send that link to them.

Be proactive. Get it done. Help your fellow man. I just did.

[peanuts]

It looks like QE3 is just around the corner:

http://money.cnn.com/2011/07/12/markets/gold/index.htm?iid=HP_LN

If you do not own Gold or Silver, then you are dumb. There, I said it.

[billyjoe]

It looks like QE3 is just around the corner:

http://money.cnn.com/2011/07/12/markets/gold/index.htm?iid=HP_LN

If you do not own Gold or Silver, then you are dumb. There, I said it.

Peanuts, the Pittsburgh Prophet !

----------billy

[Peter Hansen]

Billie No Limits

Billie no limits buy BOTH gold and silver.....check out these
AVGCF AUG SNDXF AGXMF and XG for starters!

[em26jamie]

Would you buy gold and silver miners, ETF's, or gold and silver coins? What percentage of you portfolio would you put into them? I've heard anywhere from 10% to 25%, but nothing ever higher than 25%. Right now, I'm right at the 25% point with gold, with the recent run up into the $1580's. And I'm debating on buying more.

[Peter Hansen]

Bernanke just lit the fuse under gold and silver

Great Article and Jason Hamlin is GOOD , although his picks got chowdered during the Gold & Silver downturn he is now rocketing to the top. The Metal stox I mentioned above should give you some super fire power!
Also holding the physical metal is always advised.

http://seekingalpha.com/article/279244-bernanke-just-lit-the-fuse-under-gold-and-silver

[peanuts]

Would you buy gold and silver miners, ETF's, or gold and silver coins? What percentage of you portfolio would you put into them? I've heard anywhere from 10% to 25%, but nothing ever higher than 25%. Right now, I'm right at the 25% point with gold, with the recent run up into the $1580's. And I'm debating on buying more.

Unless you are just trading in and out, or hedging, then stay away from the paper PM's of ETF's

Miner's offer the advantage of leveraging. So as prices move up, their profit margins expand rapidly. This typically means that the stock price expands rapidly as well.

Coins and bullion are real assets that always have a buyer. If you can't hold it, do you really own it?

[billyjoe]

Peanuts,
I'm trying to get silver coin every day of the week. I get some every week but not every day. My goal is to find $1000 in melt value by Dec. 31st. Also attempt to buy on e-bay but it's nearly impossible to get below spot but it can be done. You've got to be able to convert daily silver price into silver coin value usually with 35%, 40%, or 90% silver US coin. As someone once said, the more calculating that has to be done, the greater chance there is to find a good buy. Most people don't want to tax their brain.

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

[peanuts]

Peanuts, the Pittsburgh Prophet !

----------billy

Good luck on your searching for cheap silver. I'm not sure how long that opportunity will be around. Great work!

I'm no prophet. It is as simple as looking at real numbers of money supply, debt expansion, GDP, and then figuring out what actions will have to be taken in order for the FED to get itself out of the corner which it has backed into. Their only option is to print baby print. And really, all they will accomplish will be to push themselves deeper into the corner by doing this.

They are driving this country, at full speed, towards a lower standard of living for the majority of the US population.

Precious Metals are a reflection of these actions and anticipated actions. And they offer a level of protection against the economic policy decisions of the FED

[hags]

You have until Friday....

http://goldsilver.com/news/hong-kong-metals-exchange-opens-silver-contract-friday/?utm_medium=email&utm_campaign=7+-+19+-+2011+-+GS+-+Weekly+Newsletter&utm_content=7+-+19+-+2011+-+GS+-+Weekly+Newsletter+CID_5f6e92f3812722fddb2da48dd3f0c2ef&utm_source=Webmail+Marketing&utm_term=Gld_image

[em26jamie]

Hope that plays out, I just splashed into a bunch of silver this week.

[peanuts]

Here it is, the last week in July 2011 begins with Gold at new all time highs: $1620 per ounce

And Silver is no slouch, trading as high as $41+

The GSR is 39.89. Not too bad, but not as good for silver as the historical 16:1

The XAU is a great way to track the Precious Metal market:


It's still not too late to GET ON BOARD