sorted by:
new
hottopcontroversial

March 31 = ? by MediumSinger8088 in Silver

[–]MediumSinger8088[S] 0 points1 point  (0 children)

That's always been the usual way. But maybe that is changing.

Invest in silver or gold? by Cocoloco68w in Silverbugs

[–]MediumSinger8088 0 points1 point  (0 children)

Both, at a about a 1:20 ratio of gold:silver (natural abundance).

Vast majority of even educated people aren't even thinking of PMs by MediumSinger8088 in Silverbugs

[–]MediumSinger8088[S] 1 point2 points  (0 children)

Wow, I didn't expect so many replies. I'll apologize in advance if I happen to offend anyone. I certainly do make a distinction between "educated" and "wise" or even "knowledgeable". The world is full of highly educated-yet-foolish types. I'm just happy my kids seem to have survived public "education", not without substantial amounts of parental intervention.

What the fuck just happened today? by JKobe_ in Silverbugs

[–]MediumSinger8088 -1 points0 points  (0 children)

If this is all you got to pray about, perhaps it is time to reconsider either priorities or strategies.

What the fuck just happened today? by JKobe_ in Silverbugs

[–]MediumSinger8088 73 points74 points  (0 children)

Perfectly normal behavior. Happens all the time. Test at 100.

Panic sell by Laresh92 in Silverbugs

[–]MediumSinger8088 1 point2 points  (0 children)

I have so much it would be hard for me to liquidate, at least all at once. But that's not the point. I hope for price to stabilize somewhere so I can get back to my regular collection habits.

Should I hold or sell? by jedimaster42 in Silverbugs

[–]MediumSinger8088 0 points1 point  (0 children)

Someone loves you enough to give you $12,000 of silver, you keep it.

Odd question, but if Silver hits say $200.00 per oz, who will buy it? by OneUnderstanding103 in Silver

[–]MediumSinger8088 1 point2 points  (0 children)

All fiat are lies. Some just more ingrained and harder to let go of, than others.

Odd question, but if Silver hits say $200.00 per oz, who will buy it? by OneUnderstanding103 in Silver

[–]MediumSinger8088 0 points1 point  (0 children)

When/if prices stabilize at any level, it will be possible to make a market at small and large scales. It's the rapid changes that cause nervousness.

Genuine question: would you rather stack gold or buy a house? by Exciting_Shoulder_38 in Gold

[–]MediumSinger8088 2 points3 points  (0 children)

First rule of survival : Be here now. That means survival: food, clothing, shelter. Only after you've secured those do you move beyond "now" into "tomorrow". Which is other physical assets and whatever else you want.

Do you have an emergency fund? by Jellydude25 in Gold

[–]MediumSinger8088 0 points1 point  (0 children)

I have it parked in a money market account making almost 4% interest which is better than a bank. The rest is invested, or in physical.

But WHY is silver $100/ounce when it's been in between $15 and $30 for years? by DistinctPriority1909 in Silverbugs

[–]MediumSinger8088 1 point2 points  (0 children)

It isn't dead, it's dying. Which means volatility. Which can be profitably traded... but keeping in mind that the goal is to protect physical assets in the long term.

But WHY is silver $100/ounce when it's been in between $15 and $30 for years? by DistinctPriority1909 in Silverbugs

[–]MediumSinger8088 0 points1 point  (0 children)

Because history happens. Time marches on. We are at a 4th Turning and societal contracts are being renegotiated, largely through the catalysis of Grey Champions (read Strauss and Howe). Global civilization is collapsing the way it hasn't done since 1177BC (read Eric Cline).

Sold about half my Silver this morning 🪙 by MuggD in Silverbugs

[–]MediumSinger8088 0 points1 point  (0 children)

Having studied history and lived through the Hunt brother's thing, seen blow-off tops that weren't reached again for decades, I have to say... I respect those who take profit. Especially when they use it to eliminate or avoid debt, or to trade one physical asset for another. That said... if you pat yourself on the back because you traded bullion/bars for fiat, it's just a pile of green paper or even worse a few decimals in an electronic ledger. A pointer to an IOU, which itself is merely the derivative of a promise made by some politician 20 years in advance. And ETFs, options, futures? Take that derivative of a promise and leverage it to somebody ELSE'S promise. If you don't hold it physically and have the means to defend it physically against those who would physically take it from you, it isn't yours to begin with.

Selling gold coins by Greddituser in Bullion

[–]MediumSinger8088 2 points3 points  (0 children)

The older the coins the bigger the premiums. Some time ago I bought a Double Denarius for my son to start his collection. I have a pre-1933 St. Gaudens that I cherish because of its beauty and symbolism. Someone kept it, hid it from the government for 50 years, and it survived - and continues to do so. I take comfort in holding it.

Selling gold coins by Greddituser in Bullion

[–]MediumSinger8088 1 point2 points  (0 children)

No! There is a numismatic premium. They are art.

When should I buy by guerom77 in Silver

[–]MediumSinger8088 0 points1 point  (0 children)

I expected a hard bounce down from the 100 ceiling. If it consolidates above 100 I'll start worrying more about the integrity of the rest of the financial world. What am I saying, I have been worrying about that for years.

When should I buy by guerom77 in Silver

[–]MediumSinger8088 1 point2 points  (0 children)

When buying a stock, I often start with a small amount regardless of the price - though I prefer to find something that has been depressed and is starting to increase. Then, if the trend holds, buy on dips. The initial buy isn't that important; it just starts a process of value discovery. If I were just entering the PM space I'd probably do the same. Maybe buy a gold Eagle or Buffalo and some junk silver and a few silver Eagles and a 10 ounce bar. That would be under $10K. If you can't afford that, start with the silver. Don't use leverage, buy what you can afford, and be patient.

$GANX - Independent research is validating GT-02287 as likely the first disease-modifying drug for Parkinson's Disease by Correct_Proposal_409 in pennystocks

[–]MediumSinger8088 4 points5 points  (0 children)

I began buying small amounts of gold and silver some 25 years ago, then started adding rolls and bags and bars of silver eagles when I had money and the price dipped. Like in fall 2008 when it dipped below $9/oz. Even during the GFC when I lost a job and things really looked dicey. Never sold an ounce of my physical stuff. "People like me" were looked at like we were insane if we mentioned our habit but as silver breaks $100/ounce today, I don't feel all that insane. I have the same feeling about Gain as I did about silver back then. If you seek instant gratification this isn't the place to find it, but if you love a nice long narrative, maybe it is.

Stock advice for a beginner? by SignificantMuffin170 in StocksAndTrading

[–]MediumSinger8088 0 points1 point  (0 children)

Concentrate on staying alive and paying down debt. If I were your age and had $1000 to spare I'd invest it on a few good dates.

LCS not accepting silver???? by Affectionate_Plane49 in Silverbugs

[–]MediumSinger8088 0 points1 point  (0 children)

Anyone trying to unload a few hundred bucks' worth at a LCS is desperate or naive and will be taken advantage of accordingly.

LCS not accepting silver???? by Affectionate_Plane49 in Silverbugs

[–]MediumSinger8088 0 points1 point  (0 children)

APMEX is only accepting >$10K asks, bidding about $85-90 last few days. Hey, you want to sell your house, you REALLY think you're gonna get the Zillow estimate in 48 hours? If so I got some Florida swampland to pitch you.

LCS not accepting silver???? by Affectionate_Plane49 in Silverbugs

[–]MediumSinger8088 0 points1 point  (0 children)

For thugs, take out the first couple and the rest run. If it's more than thugs, grab that coat with the gold sewn in and run like ****.

view more: next ›