Gold and silver. Discuss

[Crane's]

37+ on Silver. Run baby runnnnnnnnnnnnnnnnnnnn!

Oh and I'm liking Palladium as well. It's a new one for me and so far so good.

 

[javyn]

Nice! I'm STILL trying to decide what I want ROFL. I'm probably overthinking all this. But am starting to think Silver Maples and 1/2 oz Buffalos are the way to go.

Looking forward to Obama/Bernanke ushering in an era of Zimbabwe style inflation.

Americans are so stupid, focusing on Michelle Obama and McDonalds, public sector unions, Charlie Sheen, I think I still have time this year to slowly build up a nice bullion stack.

 

[Crane's]

Originally Posted by javyn

Nice! I'm STILL trying to decide what I want ROFL. I'm probably overthinking all this. But am starting to think Silver Maples and 1/2 oz Buffalos are the way to go. Looking forward to Obama/Bernanke ushering in an era of Zimbabwe style inflation. Americans are so stupid, focusing on Michelle Obama and McDonalds, public sector unions, Charlie Sheen, I think I still have time this year to slowly build up a nice bullion stack.
I have a love hate relationship with stocks. LOL. I don't know. If you are in the black I guess it's a matter of deciding whether or not you want to flip into something else that's doing OK. I'll PM you on what I did over the weekend.

 

[javyn]

I'm in the black, but my money is in oil services, which is far more dangerous than precious metals, at least in my warped opinion. I've decided to take my profits, just trying to figure out what kind of coins I want.

 

[Crane's]

Gold is lagging a bit. Stick with one ounce or better bars coins. Hit silver on a bump though waiting might not work since this is a pretty good run. Palladium could jump back to 800 in less than a week. It's the oddball and always has been.

 

[Jasemin]

Who cares what people think... If you like then wear it...
It is best to wear either silver or gold, unless I have a bridge piece like a watch that has both silver and gold tones in the same piece... I like to wear it...

 

[mikeman]

Thanks for the input Jasemin. Anyhow, better jump into some silver if you haven't done so. Looks like we are heading to 40 in no time. Ag was up over .40 overnight.

 

[Crane's]

Originally Posted by Jasemin

Who cares what people think... If you like then wear it... It is best to wear either silver or gold, unless I have a bridge piece like a watch that has both silver and gold tones in the same piece... I like to wear it...
Excellent advice. I'll weld some anchor chain to a hundred ounce bar of Silver. I'm sure it will get much attention.

Originally Posted by mikeman

Thanks for the input Jasemin. Anyhow, better jump into some silver if you haven't done so. Looks like we are heading to 40 in no time. Ag was up over .40 overnight.

Yeah it's on a run but don't be surprised if a lot of profit taking goes on by the end of the week. I might pass on Silver Saturday and get a coin or two of Gold depending on the numbers.

 

[mikeman]

Crane's, yeah I wont be surprised either, however, at least we are moving north, so we don't have to be too afraid of dropping to those extreme lows that people had been speaking of.
Also, not new news, but the US mint must really be short on supply to ship out. The place that I order from emailed me saying that it was going to be a 3 week wait for the ASE to ship, and it was only 1 roll. People on the bay are paying like 45/oz for pretty much any type of bullion... its going to start getting crazy imo.

 

[Crane's]

Originally Posted by mikeman

Crane's, yeah I wont be surprised either, however, at least we are moving north, so we don't have to be too afraid of dropping to those extreme lows that people had been speaking of. Also, not new news, but the US mint must really be short on supply to ship out. The place that I order from emailed me saying that it was going to be a 3 week wait for them to ship. People on the bay are paying like 45/oz for pretty much any type of bullion... its going to start getting crazy imo.
You need to hook up with my dealer as well. He always has stock and his margins are the best in the biz. A few examples. 10 ounce bar of Silver will cost you ten bucks over spot. 10 ounce bar of gold will be 50 over spot. It'll be a Suisse Pamp BTW. Silver Eagles about 3 over spot. Nondescript 999 fine silver rounds a buck over spot. Buy backs on the stuff with premiums is good as well.

 

[mikeman]

Originally Posted by Crane's

You need to hook up with my dealer as well. He always has stock and his margins are the best in the biz. A few examples. 10 ounce bar of Silver will cost you ten bucks over spot. 10 ounce bar of gold will be 50 over spot. It'll be a Suisse Pamp BTW. Silver Eagles about 3 over spot. Nondescript 999 fine silver rounds a buck over spot. Buy backs on the stuff with premiums is good as well.

Wow, thats awesome. PM details please? Also, do you have any 1 oz silver Suisse Pamp bars you would maybe sell? I have wanted to get my hands on one, but premiums on them are OUTRAGEOUS!

 

[olualbert]

Finally, folks are starting to see what's going on....amazing

 

[Crane's]

Originally Posted by mikeman

Wow, thats awesome. PM details please? Also, do you have any 1 oz silver Suisse Pamp bars you would maybe sell? I have wanted to get my hands on one, but premiums on them are OUTRAGEOUS!
Don't have any of them and probably won't get any. I'll buy Eagles but most of my Silver is in Engelhard 100 or 10 ounce bars and junk coins. I like to buy as close to spot as possible. PM inbound.

 

[Crane's]

Originally Posted by olualbert

Finally, folks are starting to see what's going on....amazing
Care to elaborate on that a bit, it's a mighty broad statement.

 

[olualbert]

Originally Posted by Crane's

Care to elaborate on that a bit, it's a mighty broad statement.

A few months back, I was elaborating on the importance of getting into precious metals( fxxk the ETFs, Im talking about physical)---mainly silver and gold. Unfortunately enough, I have some clowns who has not done their research telling me I was talking nonsense...before we know it, the state of Utah has confirmed silver and gold as a form of legal tender.

Now, what do I think? **** will start to go downhill from here.....other states are already wanting to back their currency on precious metals. I do have physical gold in my possession and I continue to buy on a monthly basis, but I can not wait to hit silver heavy, because when **** hit the roof, people are gonna be looking for silver and there will be no silver available.

My constraints of not acquiring silver is that fact that I work overseas as I wanted the US 1 oz silver coins. When I do come home, Im gonna hit it hard. I dont give a hoote if it is 50 dollars an ounce because I am pretty sure where this is going. Is climbing through the roof, mark my words.