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SilverStacker

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Well I hadn't planned on buying more gold this year but the price drop proved to good to ignore. Just another 1 oz coin but you never seem to lose with gold. All my past purchases have held up pretty well despite the price dump. Gold has dropped $1,000 in the last 3 weeks and no matter what happens in the war the economic conditions for its value remains. The same for silver.
 
Well I paid $4,467 for a random year 1 oz Eagle and I judged that to be around the low, or near enough. $1,000 under what spot was on 3 March which is a silver like volatile crash. I considered holding off a few days but figured we'd be talking, at best, saving nickles and dimes at best and a rocket at worst. I'm severely tempted to buy another oz but I have bills and uncle Sam to pay so I suppose I have to hold off.

At the end of the month I'll see where were at and maybe at least another 1/2 oz. Anyway my point being I think were in the valley now with every underling condition that caused the last rocket not only still existing but probably getting worse. This was just a gift horse looking us all in the mouth.

I'm betting this war will be over sooner then later. First off theres the nature of a modern "Hyper-War" of which America excels and because of which were rapidly running out of things to blow up. Secondly its in everyone's interests to get this entire mess over with. Even the Lunatic Mullahs realize this, their population was living hand to mouth even before all this. More importantly Iran's few friends have either abandoned them or are forcing them to cut a deal, most are doing both.

Even if it doesn't I'm not convinced an extended conflict could stop a bull run because the world is in a different economic position then in other wars and conflicts. Central banks are still buying. The silver deficit still exists. A recovery is inevitable. So I'm in for the long game anyways. Until I'm room temperature actually as a legacy gift for my family. To take some of the sting out of my croaking. My kid is an attentive student so hopefully he'll also hold. And while I dont know much about PM's "I'm learning" I do know a lot about warfare and military technology and have 18 mos experience in the region myself and Iran is getting their ass's pounded by a modern "Hyper-War" of a 100% smart munition strike package and were running out of targets as well as leadership to deal with ; Israel too.

The time is coming where were going to have to replenish our weapons stockpiles, along with our allies and friends, and were going to have to come up with cheaper means to defend against the asymmetric threats were wasting expensive missiles on. So defense stocks will go thru the roof and new technologies are coming tho I wont bother naming them all. Trump will get back to weakening the dollar, which is good, and all the good things he was doing will continue.

I wish I had more cash to buy more gold now.
 
Cigarlover said:
I agree. Almost down to where I want to start buying as well.
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I'm sure I dont need to remind you, tho I will anyway, to keep an attentive eye in prices because I think the gold turn around is going to be quick and your going to want to get in soon. Maybe I too should have waited but I guessed were at, or at near enough, the floor and I'd better get in. If it holds I'll buy another 1/2 oz at least at the end of the month. Maybe another oz if its just to good to pass on. Right now its at a pretty stable floor in the $4,433 range.
 
SilverStacker said:
I'm sure I dont need to remind you, tho I will anyway, to keep an attentive eye in prices because I think the gold turn around is going to be quick and your going to want to get in soon. Maybe I too should have waited but I guessed were at, or at near enough, the floor and I'd better get in. If it holds I'll buy another 1/2 oz at least at the end of the month. Maybe another oz if its just to good to pass on. Right now its at a pretty stable floor in the $4,433 range.
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I think we are closer to the bottom than the top and the risk reward profile is starting to look better. Same with some of the mining shares. As we have seen though this war throws a kink in the works and things can change very quickly. When it's over I do agree that we will see a nice recovery. Unfortunately we keep sending more and more troops so I feel like this war can go on for awhile. I think the bond market will have a strong influence on his decision but who really knows at this point. For now, cash is safe. :)
 
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