Gold and silver. Discuss

javyn · Mar 24, 2011

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.

Crane's · Mar 24, 2011

Oh and don't forget China is heading for a Gold standard as well. Wait til that happens. Talk about game on.

mikeman · Mar 24, 2011

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...

javyn · Mar 24, 2011

Selling 1/3 of my position in NOV tomorrow. Going to be a busy weekend for silver stacker javyn

mikeman · Mar 24, 2011

Sounds like you're going to have a fun weekend! Know what you want to buy yet?

javyn · Mar 24, 2011

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 **** 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.

mikeman · Mar 24, 2011

Awesome, no 1000 oz bars?

only kidding

Crane's · Mar 24, 2011

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.

Crane's · Mar 25, 2011

Originally Posted by javyn

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 **** 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.

javyn · Mar 25, 2011

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

Crane's · Mar 25, 2011

Originally Posted by javyn

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.

mikeman · Mar 27, 2011

How did the buying go this weekend?

Crane's · Mar 27, 2011

Originally Posted by mikeman

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.

RSS · Mar 28, 2011

Real Estate ... while it's cheap. I've been buying, and buying, and buying some more.

Crane's · Mar 30, 2011

Hey Silver Stacker what did you end up doing over the weekend?

Gold and silver. Discuss

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