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Discussion in 'Survival/Preparedness Forum' started by emt1581, Oct 13, 2010.
With a potential profit of $65-$80 per ounce that sounds pretty cheap to me
I find it interesting that no one has yet called me a whackjob for calling $100/oz.
Either ya'll are being nice or we're really screwed.
My most trusted advisor, who has been right about most everything to date, says he expects silver to see $130-150/oz before this is over with.
I don't think $100/oz is crazy at all.
6, 12, 18 months ago, I had folks on here calling me crazy.
I agree with your advisor.
What does he see for gold? $5,000-ish?
Well if it walks like a duck.
Really though,unless we have an "adjustment" and silver settles some,what does this say about our economic future.'08.
Oh, we're screwed. Not just us though.
Its gonna settle several times along the way.
At least. He's still going heavy in gold @ ~$1400/oz.
He's smart enough to have continued to make serious cash during the recession purely by playing the market, and based on this and his track record, I tend to believe what he says.
Needless to say I'm in pretty heavy with PM's now - it's the safest way to preserve wealth right now, without question.
www.apmex.com or e-bay.
Exactly. I caught crap for paying $475 per ounce for gold.
At $3000 Perhaps folks will look back on $1350 as cheap.
At three G's I'd say $1350 was cheap!
I know that internet wisdom says that PMs only go up and down with the value of the dollar, but I think that ignores the effect of demand.
I don't know if inflation is going to skyrocket or not but if gold & silver are going to become the new world's reserve currency I would thinkg that that alone would spike prices to unreal levels. That could mean $10,000 gold without any inflation effects.
I beleive we are living in interesting times.
You also pay $5+ over spot. The least I've ever seen is $3 and then the shipping was ridiculous.
I went to another shop yesterday only this one had silver...for generics AND ASE's they wanted $3-$4 over spot! And the guy said that where kitco and some of the others just stopped selling when the price went down, he never stopped..he just raises to over spot price "a little"...
You can find places still selling for $2 (or less) over spot, depending on quantity.
Actually, that reminds me, there's a guy selling for $1 over spot locally that I need to call today...
EMT - at this point, premium and shipping costs only matter in terms of reducing the amount you can buy at that time. What matters most at these levels and moving forward is how much you have.
You're focusing on the trees man, look at the forest.
Its not that simple.
Give http://www.coloradogold.com/ a try. I can recommend them as a customer. Prices listed include shipping and commission and are reasonable. Of course the more you buy the cheaper per ounce it is. Put your mouse cursor over the product you want and a little pop-up window will have the price per unit. You give them a call, verify the price and deal done, you're locked in.
I see your point.
Cool. That's all I was trying to get across.
if you believe you need to own more and can find a local guy with a small premium and no shipping, mo' betta.
If not........you either need it or you don't