When is it you stop buying ?

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SilverStacker

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The train has left the station and nothing will be able to put the brakes onto silver now. Its approaching $71 and every morning I wake up I'm almost afraid to check. Yes the dollar is weak but its still the main purchaser of food and material. At least for the foreseeable future. Will silver become the next unobtanium ? With spot over $70 oz what will that metal cost at your LCS today ? I just may pull cash out and check. I have the money but OMG the cheapest online ASE's are $74.57 at https://findbullionprices.com/compare-bullion-prices.php

Even rounds are over $71. This is like an episode of The Lightweight Zone because I just dont see a crash coming and even a dip is unlikely. Where does it all end ? When will come a time we poor Yankee serfs have to put an end to the run , or at least get put on the side lines as the great game continues without us ? Even a GSR of 64 has slowed because everyone and her married brother are still running to gold as well.

Madness. Its become sheer madness and is a totally different animal then 1980 or 2011 was. It has no historical equivalent ; We have entered a dimension of both time and space. We have entered The Twilight Zone.

 
I'll be honest. $40 an ounce was my cut off point. I've watched the white dog crash too many times to ever really turn my back on it. To start buying while it is over $70 would decimate my dollar cost averaging.
 
It's also the start of Crunch Time in our individual budgets.

I don't have much to buy with, now. It saves me the choice - I don't THINK PM prices will crash, but somehow, the silver run-up so quickly seems a bit unnatural. It's probably whales buying up - perhaps the Samsung battery-announcement has led to front-running and stockpiling. What happens if that doesn't come to be, for a variety of reasons, including cost when used in consumer goods, WEF/Globalist restrictions on personal travel, etc, etc.? Is this the Hunt Brothers all over again?

Gold. Little industrial applications (yes, there are uses, but more valuable as a store-of-value). So it runs up to 10x what it was 20 years ago? Prices, also, have run up to nearly 10x what they were back then. Homes. Cars. Beef. Medical insurance. You name it.

So, the "profit" is only holding our own position. Good - that's what it's supposed to do. But what of those of us who have only gotten a 2x increase in income - or who have retired, with a nominal CUT in income?

Central banks, and Asian governments, don't care what is the price. Globalists probably do - can't be sure how they think, or try to think. Suppose the paper market DOES NOT immediately come apart, and they find new ways, with restrictions on metal delivery, to again spike up the paper market? OR, just tax the living snot out of gold sales? OR EVEN, just by gubbermint decree, impose a set price, say, $100/ounce? What would happen THEN?

Of course the gold market would lock up. But the gubbermint would have closed an exit ramp to their corrupt forever-debt system, as well.

So, I have no idea. Doesn't matter to me, as I don't have to make a choice right now.
 
Voodoo said:
This is the Sit on Your Damn Hands moment in time. I don't plan on buying much now.
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Well we are in a different boat. I've been saying for awhile I'm not buying, or selling. But I was done buying several years back. It just seems crazy to be buying for quadruple what my average is on AG. Even triple or double seems crazy. I'll never forget how many of my friends and family thought we were nuts for pulling $$ out of my 401K to buy $12 silver and $1500 gold. I'm sure there are many here who bought it even cheaper.

On the other hand for those who are new/newer to stacking PM's,..... I'd say, it's not to late. Get it while you can.
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Kinda crazy that a pre-65 dime is now worth over $5..........:oops: ..... And a pre-65 half dollar is worth over $25...... :oops::oops::oops:
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But until you use up all of your excess currency. Currency has it's place in our society for now so it is prudent to keep some on hand. It's not like we have rampant inflation and your losing 10% a week or anything close to that. So there is no desperation to get rid of currency right now.
The metals have really decoupled from everything. It's no longer about preserving purchasing power, it's now an asset that is in a bull market. No different than a tech stock trading at crazy multiples. IMO this is like BTC entering bubble territory. No reason for it other than so many are piling in. Prices will go higher than any of us can imagine but they will eventually top and eventually we will also see the bear market.

If you're not comfortable buying at these higher prices than the mining stocks are the next place to go. They have moved somewhat but they are just getting started. Now a bad place to park some excess currency as well.
 
I bought today. With spot at $71.40 I bought two Pandas for $73 each as Xmas gifts for my little niece and nephew.I also bought some Asahi's for $72 each cause I like the design. The Panda has been the one coin I wont own because I despise the CCP but the little kids will get a kick out of the Pandas on them, 1yo and 5yo, and since I'm giving them away I dont technically own them. They are nice coins tho.

The Asahi's tho are for me. I think I'll have to take a breather for awhile and see which way the wind blows "Ive said that 10 times in the last few weeks and still bought". My gut tells me silver is on a run and it ain't going back. At least not much and not often. Its just been to long and to sustained a rise with to large a gap between production and demand.
 
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SilverStacker said:
I bought today. With spot at $71.40 I bought two Pandas for $73 each as Xmas gifts for my little niece and nephew.I also bought some Asahi's for $72 each cause I like the design. The Panda has been the one coin I wont own because I despise the CCP but the little kids will get a kick out of the Pandas on them, 1yo and 5yo, and since I'm giving them away I dont technically own them. They are nice coins tho.

The Asahi's tho are for me. I think I'll have to take a breather for awhile and see which way the wind blows "Ive said that 10 times in the last few weeks and still bought". My gut tells me silver is on a run and it ain't going back. At least not much and not often. Its just been to long and to sustained a rise with to large a gap between production and demand.
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I recently went with a family member to an LCD to buy some PM's. They had very little in PMs until recently. I was internally shocked at how little $10K will buy you these days. They bought 5 sleeves of rounds at $59.50 oz, and 1 oz of AU at $4250 oz. The gold was cool. It was 10 each, 1/10th oz squares in a small case. I have 3 of those also but had not seen any others in a long time. I think we were lucky to come across them. I was tempted to buy it myself, if they didn't. The dealer was telling me had just got them in trade for some firearms.

It's amazing to see that they are already feeling good about their recent purchase at what now looks like a huge discount.

That brings me to a question for Silver Stacker. Do you have any AU?
 
Vichris said:
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I recently went with a family member to an LCD to buy some PM's. They had very little in PMs until recently. I was internally shocked at how little $10K will buy you these days. They bought 5 sleeves of rounds at $59.50 oz, and 1 oz of AU at $4250 oz. The gold was cool. It was 10 each, 1/10th oz squares in a small case. I have 3 of those also but had not seen any others in a long time. I think we were lucky to come across them. I was tempted to buy it myself, if they didn't. The dealer was telling me had just got them in trade for some firearms.

It's amazing to see that they are already feeling good about their recent purchase at what now looks like a huge discount.

That brings me to a question for Silver Stacker. Do you have any AU?
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Yes.
 
Today.
I live in the proletariat of washinton.
All PM prices go up 10% tomorrow to further the politicians thirst for lucre.
I might visit my brother in Idaho this spring…
 
Bottom Feeder said:
Today.
I live in the proletariat of washinton.
All PM prices go up 10% tomorrow to further the politicians thirst for lucre.
I might visit my brother in Idaho this spring…
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Go a little farther, to Montucky.

No sales tax. On anything - except hard liquor. (I'm told it's Federal Excise Tax).

Maybe a bed tax on hotel rooms, too, not sure. Been 14 years since I rented a room in Montana overnight.
 
Started buying in 2002. Bought (as high as $38, I think) during the 2011 run up to $50. It went down quite a bit below $38. Many time after making a purchase in the last 23 years, it always seems to go down a bit just after I buy some (I think Mr. Slammy is watching me). But I have not been buying with cash I will need sitting in a bank account. So it was purchases to be stacked away. Mostly as a long term preservation of wealth, so I was more heavily weighed in gold than silver.

Now I have a lot more silver than gold. Traded gold for silver and took out a loan to buy more.

Speculative, yes. Against my previous stacking "preservation of wealth" game plan in a way.

But I have a couple of years left earning a paycheck, so even if it goes down, I can payoff the loan (unless the economy really takes a dump). Not selling until I need it to survive on.

Had I not taken out a loan, I'd still be buying at these higher prices with any excess cash on hand. I'm in it for the long term.
 
Bottom Feeder said:
Today.
I live in the proletariat of washinton.
All PM prices go up 10% tomorrow to further the politicians thirst for lucre.
I might visit my brother in Idaho this spring…
Click to expand...
Talk to Ian at Ark Silver-Gold Osmium. There are ways to avoid paying that 10%, and I have found him to have the lowest prices anyway.

307-264-9441
 
Bottom Feeder said:
Jackson Hole, huh. Nice place to visit this summer. Idaho has no sales tax on PMs either.
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Are you sure? Jackson (what it's been renamed as) is not the Jackson Hole of our youth.

Things are changing in the Pacific Northwest/Bitterroots. I mean, drastically.

In 1990, I was driving back from Alaska, where I'd spent the summer (went up there job-searching; and found some problems...but did get a seasonal job, which had finished out)...and was passing by a near-ghost town called Coeur d'Alene, Idaho. There was a gas station on the off-ramp; and not far away, some decade-old tourist flyers discussing the ruins of the town, and how it was an impressively preserved ghost.

I never did see the town, because just off the freeway, at the new stoplight (new traffic volume, I guess) my 12-year-old Datsun pickup got power-slam rear-ended by a new Lincoln Town Car, with the cathedral grille. Who bounces out of it, but a young woman with a realtor's license - younger than me. She's upset because she never had an accident before - and told the cop she was staring at a dead cat in the ditch alongside the road. The cat was in fact there, stinking up the air, paws up.

Okay. What I'm saying was, the area was nearly abandoned when the corporate developers targeted it for construction projects.

TODAY, Cd'L is a place I can't afford to PARK in, much less live in. Like so many Idaho towns with scenery but no industry, it was identified as a haven by wealthy California and East Coast government-pension retirees. Police officers, years ago - in 1997, working for a contractor for the Burlington Northern, I was in Sandpoint, some miles north...and who's in the other end of the bar but OJ-Simpson interrogator-turned-author, Mark Fuhrman. No, I didn't make an ass of myself by interjecting.

But the area went from rural near-desolate, to affordable-retirement, to California and Seattle-Portland refugees for rich Leftists who don't like what they made.

Jackson, not Hole, is becoming another Aspen. Which itself was a nice town, even 35 years ago, when it hadn't completely priced itself out of anyone's reach.
 
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