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Gold and silver. Discuss - Page 12

post #166 of 289
I agree with you completely olualbert, it looks like JPM threw in the towel and are starting to cover their shorts. Looks like liftoff. I hope there is a slight correction tomorrow because I'm hitting up the exchanges Saturday morning and calling some dealers.
post #167 of 289
Oh and don't forget China is heading for a Gold standard as well. Wait til that happens. Talk about game on.
post #168 of 289
Yeah, I hope JPM is covering their shorts. I have a feeling that we will be passing everyones $50 price target for the year and heading much higher. Wish I had the guts to sell some more stock and buy up some more before we hit 40...
post #169 of 289
Selling 1/3 of my position in NOV tomorrow. Going to be a busy weekend for silver stacker javyn
post #170 of 289
Sounds like you're going to have a fun weekend! Know what you want to buy yet?
post #171 of 289
I know what I want, 1/2 oz Buffalo rounds and Maple Leaves, but what I actually get, who knows? I do have some calls to make though I know a lot of survivalists recommend buying junk coins rather than bullion in a shit hits the fan situation, under the impression the American coins will be more accepted for trade, but I don't buy it. I just don't think people here are going to know the difference between a Roosevelt Dime or War Nickel and a copper slug. IMO the .999 stamp is what's important.
post #172 of 289
Awesome, no 1000 oz bars?

only kidding
post #173 of 289
I'm seeing a consistent pattern developing here. I need to find some graph paper.

If Silver drops tomorrow (I think it will) it'll get added to my buy list again. So far I'm still thinking Gold only for Saturday.
post #174 of 289
Quote:
Originally Posted by javyn View Post
I know what I want, 1/2 oz Buffalo rounds and Maple Leaves, but what I actually get, who knows? I do have some calls to make though I know a lot of survivalists recommend buying junk coins rather than bullion in a shit hits the fan situation, under the impression the American coins will be more accepted for trade, but I don't buy it. I just don't think people here are going to know the difference between a Roosevelt Dime or War Nickel and a copper slug. IMO the .999 stamp is what's important.
Stay away from Buffalo Gold. The premium over spot is ridiculous unless you collect them like coins. The first thing that will disappear when it hits the fan will be numismatic premiums. That's advice from Dean BTW Javyn and not my opinion though I agree completely.
post #175 of 289
Hmm interesting. I am kinda gung-ho on the 1/2 oz buffalos now because the Gainsvillecoin site has them at an incredibly low premium. (that's buffalo silver btw, not gold) As far as gold goes, I like the Eagles and Krugerrands. But if the buffalo round isn't so overpriced, I'd try that too. Anyway, turns out my dad has a patient who claims to have 60 lbs of bullion and coins and he wants to dump it all now. I'm going over tomorrow to check it out. Also, I just found out that my old boss in the 90s just opened a gold exchange in my folks' area, so I'll be hitting him up too. Just called him he's stocked up with Eagles and Maples right now
post #176 of 289
Quote:
Originally Posted by javyn View Post
Hmm interesting. I am kinda gung-ho on the 1/2 oz buffalos now because the Gainsvillecoin site has them at an incredibly low premium. (that's buffalo silver btw, not gold) As far as gold goes, I like the Eagles and Krugerrands. But if the buffalo round isn't so overpriced, I'd try that too. Anyway, turns out my dad has a patient who claims to have 60 lbs of bullion and coins and he wants to dump it all now. I'm going over tomorrow to check it out. Also, I just found out that my old boss in the 90s just opened a gold exchange in my folks' area, so I'll be hitting him up too. Just called him he's stocked up with Eagles and Maples right now
The Silver ones are a good buy. The US Mint Gold ones tend to be premium heavy. You might find one selling at the same price as common Eagles, Maples or Rands which would be a nice find. It's funny my guy is out of Silver Maples right now. I wanted to go Canadian today LOL. Ended up with Canadian gold and American Silver. Leave yourself room on the junk on that other deal. 22 or 23 times face is the general buy guideline right now. Spot is fine for bullion.
post #177 of 289
How did the buying go this weekend?
post #178 of 289
Quote:
Originally Posted by mikeman View Post
How did the buying go this weekend?
I did my bullion run on Friday. I did come across some junk at a reasonable price today so I bought it. Last week I did a serious buy on Au, Ag and Pd. So far all is well.
post #179 of 289
Real Estate ... while it's cheap. I've been buying, and buying, and buying some more.
post #180 of 289
Hey Silver Stacker what did you end up doing over the weekend?
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