Investing in Precious Metals.

[salvageV6]

I use Etrade it's easy, they have bank accounts, and I can transfer to them from my local bank wireless. I'm sure they all have that online....

Trading account is funded easily that way.

If you can get to NYC you can sell here daily, well at least until the day before the big collapse anyway.....

Decent payouts from what I've seen, they handle various types of physical gold, I've been there once and it's an easy transaction.


http://usgoldbuyers.com/

 

[salvageV6]

You don't have to dump your broker if she's hot, you can trade through an online broker yourself behind her back.

 

[S10xGN]

I've never used a broker in my life, just another waste of $$$. Check out Ishare's IAU fund, I have some. Although it's been sucking for me, now might be a good time to get in...

 

[Stage24u]

IF you are going to PHYSICAL metal (coins, bars, etc) you are good.

Now IF you are sucker that will buy PAPER metal (piece of paper that says you "own" 1 troy oz) you are a moron.

IF everyone redeemed/cashed in their paper for physical gold, there would not be enough metal to pay everyone......so what exactly are you investing in?

Example- In 2012/2013 Germany demanded the USA ship their gold stocks (approx 300 tons) from the NY Fed to Germany's fed (Bundesbank)......to date the USA has only given German 5 tons thus far from that request.

Germany sent inspectors to audit THEIR gold, and the US turned them away. 2nd attempt Germany was allowed to view 1 of 9 holding vaults where THEIR gold was being "held".....hmmmmm.....

Also, factor in that FAKE gold bars with Tungsten cores have been found in various markets around the world............which leads me back to the original question- What exactly are you investing in?

 

[Jay J]

And what happened to the gold??

 

[SFI Cutlass]

I agree with everything stage24u says. I will also like to add that the US had told Germany that they will not be able to give Germany's entire gold back till 2020, and to make things worst US was also was short on their first payment to Germany like they had promised and agreed to do.

To answer your question about what happen to the gold and from what I have read, US put the gold up for collateral and lost it in the stock market a few years back.

If you do research you will find that countries manipulate the prices of the metals to take a vantage of the rise and then sell off. My thoughts are the US is keeping its prices this low to be able accumulate Germany's gold and give it back

The way things are going your best bet it to buy it and hold it a long term.


Posted from the TurboBuick.Com mobile app

 

[Jay J]

I agree with everything stage24u says. I will also like to add that the US had told Germany that they will not be able to give Germany's entire gold back till 2020, and to make things worst US was also was short on their first payment to Germany like they had promised and agreed to do.

To answer your question about what happen to the gold and from what I have read, US put the gold up for collateral and lost it in the stock market a few years back.

If you do research you will find that countries manipulate the prices of the metals to take a vantage of the rise and then sell off. My thoughts are the US is keeping its prices this low to be able accumulate Germany's gold and give it back

The way things are going your best bet it to buy it and hold it a long term.


Posted from the TurboBuick.Com mobile app

I agree. But only if you have physical control of it.

 

[Stage24u]

Where has 4,500,000 tons gone?

Side note- In 2011/12, the University of Texas took DELIVERY of $1B in GOLD BARS from the Comex Depository, and stored it in a NY vault (prob the Fed whom leased it out 10x over to cover contract calls)

Physical gold is one currency the USA can not print more of, unlike those cute gold/silver certificates.

 

[SFI Cutlass]

I just finished listening to this I really hope they are incorrect.

Posted from the TurboBuick.Com mobile app

 

[Jay J]

That is some pretty conspiratorial stuff.
I do believe that more "paper" gold and silver has been sold than there exists to cover it all if everybody suddenly decided to take delivery of it. Last week, some banks in Europe were not allowing people to withdraw large sums of their own money (!) unless they could come up with a darn good reason. Robert Prechter, of www.elliottwave.com is predicting a deflationary depression orders of magnitude worse than the '29 crash, and has signaled the beginning of the downturn to happen just about now. We are truly living in interesting times...

 

[TexasT]

I have my foil hat on. Also have plenty of other things saved up and am ready for what ever might happen.

Posted from the TurboBuick.Com mobile app

 

[Stage24u]

That is some pretty conspiratorial stuff.
I do believe that more "paper" gold and silver has been sold than there exists to cover it all if everybody suddenly decided to take delivery of it. Last week, some banks in Europe were not allowing people to withdraw large sums of their own money (!) unless they could come up with a darn good reason. Robert Prechter, of www.elliottwave.com is predicting a deflationary depression orders of magnitude worse than the '29 crash, and has signaled the beginning of the downturn to happen just about now. We are truly living in interesting times...

Conspiracy is merely a theory, in most cases.

It is a FACT that there is not enough PHYSICAL GOLD BULLION to satisfy all the contracts sold in the market.

IF everyone cashed in, not everyone would get paid in bullion.

In regards to the '29 crash here is an interesting chart comparing the run up to the '29 crash vs 2014.

 

[Jay J]

Stage: It is almost an exact retracing of what happened 85 years ago. Prechter uses many charts to show what he believes is coming. His theory is that social mood drives all things human, and when the mood turns sour, so does everything else. His recommendation is to NOT be in the stock market, but in CASH. Not in a bank, but if you must, he prints a list of the safest ones.

 

[S10xGN]

I have my foil hat on. Also have plenty of other things saved up and am ready for what ever might happen.

Posted from the TurboBuick.Com mobile app

Rich, me thinks it's these "other things" that will come in handy. Metal is OK, but you can't eat or drink it, keep warm in it, or pull it over your head for shelter...

 

[Powertechn2]

The only "precious metals" I have made money on in theory is gold. Bought gold back when it was about 300-400/oz. It went up a lot. Also ammo... Ammo seems to be going up nearly as much as gold, although I am not in the market to sell my ammo collection, nor my gold, but if it hits the fan, the gold would be gone easily at a pretty fair margin.
The thing is that experts keep saying the market is going to fall off and drop dramatically eventually, yet it hasn't really happened, and I can not realistically see gold dropping down to what it once was. With that said, on can not really buy gold at a low enough price to make it worthwhile/profitable unless in the long run it jumps up dramatically from where it is currently.

It seems like half the increase in value of precious metals is really in relation to the devaluing of our almighty dollar.

 

[Stage24u]

Stage: It is almost an exact retracing of what happened 85 years ago. Prechter uses many charts to show what he believes is coming. His theory is that social mood drives all things human, and when the mood turns sour, so does everything else. His recommendation is to NOT be in the stock market, but in CASH. Not in a bank, but if you must, he prints a list of the safest ones.

Cash only goes so far, especially when it's value keeps dropping due to the Fed printing $85B a day.

Bullion, ammo, alcohol, and cigarettes/tobacco have always been trading staples that never seem to fail.

Hell, depending where you live, CLEAN WATER will be worth more than its weight in gold, depending on the loopy weather.

It seems like half the increase in value of precious metals is really in relation to the devaluing of our almighty dollar.

That and the fact that precious metals have been the main source of currency/liquidity for thousands of years helps too.

The only "precious metals" I have made money on in theory is gold. Bought gold back when it was about 300-400/oz. It went up a lot. Also ammo... Ammo seems to be going up nearly as much as gold, although I am not in the market to sell my ammo collection, nor my gold, but if it hits the fan, the gold would be gone easily at a pretty fair margin.
The thing is that experts keep saying the market is going to fall off and drop dramatically eventually, yet it hasn't really happened, and I can not realistically see gold dropping down to what it once was. With that said, on can not really buy gold at a low enough price to make it worthwhile/profitable unless in the long run it jumps up dramatically from where it is currently.

It seems like half the increase in value of precious metals is really in relation to the devaluing of our almighty dollar.

Would you buy something that does not physically exist?

 

[Stage24u]

Stage: It is almost an exact retracing of what happened 85 years ago. Prechter uses many charts to show what he believes is coming. His theory is that social mood drives all things human, and when the mood turns sour, so does everything else. His recommendation is to NOT be in the stock market, but in CASH. Not in a bank, but if you must, he prints a list of the safest ones.

Very interesting indeed.

Buffet, Paulson, Soros and Co have sold millions of shares/billions of dollars in US based companies from GE to Family Dollar to US banks.

"Dr. Doom" Nouriel Roubini and Robert Weidmeir are 2 interesting economists to follow, as well.

 

[horndog]

Buy on the rumor sell on the news is a typical stock trading notation. You do not want to play this as it is risky.

Learn the fundamentals of trading like reading charts 20, 50 and 200 day moving averages You need to have an entrance and exit strategies in place BEFORE you place the trade.

I not buy on recommendations unless the fundamentals were solid.

I would open an account with an online broker and paper trade until you understand what is going on.

Stay away from commodities like precious metals and currencies (forex) until you understand them. Forex trading can be nasty. You can lose your shirt in seconds if you do not set your strategy

These are the basics my dad teaches with option trading. You can check out his website for free trading information. Www.theoptionguru.com

 

[TexasT]

Bullion, ammo, alcohol, and cigarettes/tobacco have always been trading staples that never seem to fail.

Got those and a big ole swimming pool in the back yard. Might not last forever but I will be able to defend my holdings and grow what I can if there isn't fallout. Trading and those kind of skillz become very handy real fast. We will see what kind of society we have when the gov handouts stop.
If you can't consume it, defend with it or trade it, it becomes pretty useless, pretty quick in a scenario.

Posted from the TurboBuick.Com mobile app

 

[HighMileage]

Lots of good reading here. I'm glad I started this thread.

Once I regain what I have lost over the last week or so,I'm pulling out my mutual funds.

...and yes,my broker is hot. That comes 2nd to me. First is my $$. I get sick of watching fluctuations...predictable fluctuations (!),and not being able to gain from them. January is always a crappy month,and this one was. Reports came out at the end of the month,and the market dropped like a rock.

I just hope it rebounds. I started this thread out of frustration because I just had a feeling..

...and she just sits back in her chair looking pretty. Never calling. Never doing anything.

Aren't we supposed to be a team?? My gain is her gain?? Nope. She sits and collects her fees.

I'm gonna go back and read again. Sorry for the interruption/rant.