I just may scream

Libertads under $36, Britannias under $32, Maples at $32 or better, rounds under $32, Gold approaching $3,000. Everything Ive bloody bought in the last month now at bargain basement prices and still going down. And my PM budget spent 3X over.

Arrrrr !!!!!!

Yeah, it sucks when you don't have dry powder. Always good not to be over extended.

It will come back. Patience is a virtue!

I feel your pain been there before myself.......but i did take advantage of some deals today and pick up some Ag .........seems like ag was the buy at a gsr of over 100-1....still keeping some powder dry as we dont know where this will bottom at

Wise words all. Yeah I have some spare I'm holding and am going to go day by day. The ratio is so high and the deals are starting to really come in. Maybe I'll wait until tomorrow and see where were at. I really feel like loading a few 10 oz bars right now tho. $312 is tempting.

More downside to go, be patient.

Well I popped a 10 oz bar. Maybe to early but we'll see. I cant get hurt that much. I really have to say I'm surprised at such a drop. I expected a drop but not like this. 100 to 1 gold = I'm buying. One way or another. If this keeps up by mid month I'll pop much higher.

I fished a shiny gold eagle out of the local pond and I'm just playing the hold game for now. So tempting I may check Monday to see if they've been cleaned out. Really want to see if I can get an actual 100 oz for 1 oz.

I just dont see it going much lower, "not that my opinion means squat", but the gold silver ratio dont seem rooted in reality and the Industrial demand for the metal is just to great to go much lower. Its just waiting for some good economic news to turn it back. Right now I think its just fear mongering. A good jobs report yesterday, unemployment about the same, February inflation rate low with March probably no worse "hopefully, we'll know the 10'th". Its really all about stocks, but if they cut interest rates even more we can ride it out better then our so called allies and our well called enemys.

They all still need silver and I think more people will want to park a % of their portfolios in PMs. It just makes sense to doesn't it ? Especially at these prices ? My only wish is I wish I had $20 K to put into PM right now, or more, as it stands I'm hanging as much cash out as I can. Trump is taking a big gamble but I think he has the time to do it but it has to be right now.

Its either America becomes a debtor 2nd tier nation, or we have Canadian socialism, or this works and we retain the free market to grow in. There are no other possibilities. If we dont start making things in America again were screwed. And our kids are screwed.

Voodoo said:

I fished a shiny gold eagle out of the local pond and I'm just playing the hold game for now. So tempting I may check Monday to see if they've been cleaned out. Really want to see if I can get an actual 100 oz for 1 oz.

Click to expand...

swap 1oz gold for silver?

Yep, since we broke out upwards the next, and only, other spike like this was the Plandemic and it hit ~125:1. Prices on physical did come down a bit so I don't know if we'll actually get there outside of the fake paper markets but I'm gonna try.

Voodoo said:

I fished a shiny gold eagle out of the local pond and I'm just playing the hold game for now. So tempting I may check Monday to see if they've been cleaned out. Really want to see if I can get an actual 100 oz for 1 oz.

Click to expand...

No you dont want to be swapping gold for silver. At least thats my opinion. I not only believe this is all transitory but I also think were about at rock bottom right now. I dont think its going to get much lower but thats just my gut instinct, really I'm the first to admit "what do I know"?

But Ive been around a long time and the fact gold is actually holding pretty well tells us something. Also despite all the gloom in the stock market the American economy is still adding a whole lot of jobs and I think the interest rate is going to be cut again. These countries will start coming to terms because they know Trump will outlast them and the American economy will outlast them.

They need us a whole lot more then we need them. The American market is huge and the dollar is still king. I know I'm not selling gold. Hell I wish I had the ready cash to buy a few oz more.

When gold passes $4k and silver rolls past $50 you will be glad you purchased.

I'm convinced there is FAR more gold out there then they've admitted. It's not that rare. I mean it is rare but just not signifiantly more and most Definitely not more rare than Platinum. In fact, we have Moxy Fusion which can pretty easily make heavy metals. That's my only hesitation with Platinum even.

Price action is completely meaningless these days. It's all wrong and set by the bankers.

the old standard GSR trading chart

Initially traders will take gold down to 2800-2850. The next level below that is around 2600 and below that 2200-2300.

Silver needs to hold 26.50. If not then 22-23 is probably next decent support.

The world markets are selling off because they fear a recession. Recession= lower industrial demand for silver. If we go through a period of dis inflation then metals will follow suit as well.
If Trump is successful then prices across the board will be coming down. Stock market, real estate and of course real money.
I could be wrong but short term there will be pain. Already is in many peoples minds. Keep in mind though, we haven't seen normal PE ratios in the stock market in at least 20 years. We have been in a bubble for awhile now. Popping that bubble and getting rid of the excesses in the economy is a good thing.

Also good to keep in mind that gold and silver are not investments and are merely a storage of wealth. If you want to make money play the paper markets, long or short and create wealth. Once created store it long term in the metals.

SilverStacker said:

Libertads under $36, Britannias under $32, Maples at $32 or better, rounds under $32, Gold approaching $3,000. Everything Ive bloody bought in the last month now at bargain basement prices and still going down. And my PM budget spent 3X over.

Arrrrr !!!!!!

Click to expand...

LOL!!! PM's are WAAAAAAY overpriced, even now. I stopped buying silver @ $24.50 and stopped being god at $1,300. Platinum is still a buy though

Dollar cost average...that's the only way I do it and I don't worry about the day-to-day or week-to-week swings in the spot prices.

SilverStacker said:

Well I popped a 10 oz bar. Maybe to early but we'll see. I cant get hurt that much. I really have to say I'm surprised at such a drop. I expected a drop but not like this. 100 to 1 gold = I'm buying. One way or another. If this keeps up by mid month I'll pop much higher.

Click to expand...

Well the two 10 oz'ers I bought as of now saved me over $50. I bought a Buffalo 10 oz bar for $313 and right now that bar is "on sale" for $342. The .9999 Canuck 10 oz bar I paid $345 for is now going for $370.90. So I guess I made out pretty good all told. I dont expect silver to dip much, at least for now.

I bought FL Gold backs on presale back in December and received end of January. Now they are + 23%.

If you have a long hold time there are 1/10th platinum coins for < $120 which is a bargain.