Page 2 of 2 FirstFirst 12
Results 11 to 18 of 18
  1. #11  
    Senior Member Tecate's Avatar
    Join Date
    Apr 2010
    Location
    Austin, Texas
    Posts
    2,617
    Palladium is going parabolic! It’s been rising $20-$70 each trading day for a while now. I wonder what’s happening with it? I owned two measly 1oz bars and converted them to tubes of silver Eagles at less than half this price. I should have sat on them a bit longer and turned them into over twice as much silver. Hindsight is 20/20 right? Swing and a miss...
    Reply With Quote  
     

  2. #12  
    Senior Member old dog's Avatar
    Join Date
    Feb 2017
    Location
    the high desert
    Posts
    2,460
    Quote Originally Posted by cadillac shark View Post
    When Polaroid and Kodak went out of business, silver waved bye-bye.


    It's still good for black & white photographs... using halide photographic-paper.
    Although there are still plenty of industrial uses this is an excellent point.

    One other point to consider in precious metals saving/investment is their possible use if everything goes to hell. You're not going to be able to barter for gas or groceries with a ten ounce bar or a one ounce $50 gold coin. Pre-'64 silver coins, pre-'34 silver dollars, 1/10 ounce $5 coins and vintage quarter eagles have a widely recognized value/acceptance and are more suitable for small/medium transactions.

    As for non-precious metals 223 and 9mm will always be of negotiable value.

    The United States Navy, fighting Moslem barbarians since 1801.

    *****************************************
    ďThere are decades where nothing happens; and there are weeks where decades happen.Ē Vladimir Ilyich Lenin
    ******************************************
    Democrat evolution: JFK PUT A MAN ON THE MOON AND OBAMA PUT A MAN IN THE LADIES BATHROOM
    Reply With Quote  
     

  3. #13  
    Senior Member Old n Grumpy's Avatar
    Join Date
    Oct 2017
    Location
    Sunny South Fla.
    Posts
    1,477
    As for non-precious metals 223 and 9mm will always be of negotiable value.
    And be sure to invest in some stocks.

    Ones with guns & hi cap mags attached.
    I love the sound of liberal heads exploding in the morning!!

    Toxically masculine and proud of it!

    I will give up my guns when the liberals give up their illegal aliens.
    Reply With Quote  
     

  4. #14  
    Senior Member Tecate's Avatar
    Join Date
    Apr 2010
    Location
    Austin, Texas
    Posts
    2,617
    Quote Originally Posted by old dog View Post
    Although there are still plenty of industrial uses this is an excellent point.

    One other point to consider in precious metals saving/investment is their possible use if everything goes to hell. You're not going to be able to barter for gas or groceries with a ten ounce bar or a one ounce $50 gold coin. Pre-'64 silver coins, pre-'34 silver dollars, 1/10 ounce $5 coins and vintage quarter eagles have a widely recognized value/acceptance and are more suitable for small/medium transactions.

    As for non-precious metals 223 and 9mm will always be of negotiable value.
    I’m looking to make money and not for TSHTF scenario. Agreed that the pre-1964 half dollars, quarters, and dimes would be of the best utility though. Several years ago, you could buy all of the 90% junk silver you wanted for spot or melt value. $1.00 face = .715 oz of silver. I’ve got a $1000 face bag of walking liberty half dollars, Franklin’s, and 1964 Kennedy’s that I accumulated over time. If I could turn back the clock, that would probably be the only form of silver I would have bought.

    Lead and brass are also well covered. I like to purchase that in bulk as well.

    On edit: You can make money on a precious metals bull market, which I believe is far from over. I’ve already taken some profits along the way.
    Last edited by Tecate; 01-18-2020 at 04:45 PM.
    Reply With Quote  
     

  5. #15  
    Senior Member Tecate's Avatar
    Join Date
    Apr 2010
    Location
    Austin, Texas
    Posts
    2,617
    Gold is testing $1650. Iíve got about 65 ounces with a dollar cost average around $1000 per ounce. What do I do? Sell 1/3 into strength? Or scrape every dollar I ever put into it and keep the free gold? Or do I sell it all?
    Reply With Quote  
     

  6. #16  
    Senior Member old dog's Avatar
    Join Date
    Feb 2017
    Location
    the high desert
    Posts
    2,460
    Just an observation, the market reacted to corona fueled by news from Italy and China, gold up about $55 silver essentially flat. Silver driven by industrial demand (which may be dropping soon) gold reacting to monetary uncertainty?

    The United States Navy, fighting Moslem barbarians since 1801.

    *****************************************
    ďThere are decades where nothing happens; and there are weeks where decades happen.Ē Vladimir Ilyich Lenin
    ******************************************
    Democrat evolution: JFK PUT A MAN ON THE MOON AND OBAMA PUT A MAN IN THE LADIES BATHROOM
    Reply With Quote  
     

  7. #17  
    Senior Member Tecate's Avatar
    Join Date
    Apr 2010
    Location
    Austin, Texas
    Posts
    2,617
    Quote Originally Posted by old dog View Post
    Just an observation, the market reacted to corona fueled by news from Italy and China, gold up about $55 silver essentially flat. Silver driven by industrial demand (which may be dropping soon) gold reacting to monetary uncertainty?
    I’m thinking about selling the Mexican gold coins, the Krugerrand’s, the Australian Kangaroos, and the Canadian Maple leafs. That should be a good 1/3 of it, and keeping the American gold Eagles. I’m not really in any hurry, and don’t need the money for anything right now. Decisions, decisions...
    Reply With Quote  
     

  8. #18  
    Ancient Fire Breather Retread's Avatar
    Join Date
    Dec 2011
    Location
    I came to Texas as soon as I could
    Posts
    18,723
    Buy on the dips,sell on the rise. This little dip is just what Iíve been waiting for. Iím making two major moves today and then watching them come back up to last weeks values.

    When Gearhart Owens cratered way back me and some others played a day trading sequence that tripled my money in a fairly short time. (Days)
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    . If you ain't havin' fun, it's your own damn fault
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •