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Last call for cheap silver and gold in the next few months?

7K views 18 replies 6 participants last post by  Tweto 
#1 ·
The Fed is creating trillions of new dollars every month. I think we're going to see significant inflation soon. Probably hyperinflation in the next year or two. Now is a good time to get more precious metals if you can afford to.

I expect that we won't get any warning when precious metal prices take off. Chances are we'll get up one morning and find out that gold is hundreds of dollars higher and silver is $50 higher. And no coin shops will be selling until the price plateaus at some new level.

I've bought as much as I want to buy now. I've been listing things on eBay, selling them, and using the money to buy silver.
 
#2 ·
I agree that PM is going to explode, if not soon then in the next year or two.

The Fed for 10 years has been worried about deflation, not inflation, that's why they have been lowering the rate down to almost zero, to increase the velocity of money. The purpose for this is to stimulate inflation and for 10 years it's failed.

I do believe we will have inflation and maybe hyper inflation but not yet. I believe we will have deflation for several years before inflation takes off.
 
#3 ·
The Fed is creating trillions of new dollars every month. I think we're going to see significant inflation soon. Probably hyperinflation in the next year or two. Now is a good time to get more precious metals if you can afford to.

I expect that we won't get any warning when precious metal prices take off. Chances are we'll get up one morning and find out that gold is hundreds of dollars higher and silver is $50 higher. And no coin shops will be selling until the price plateaus at some new level.

I've bought as much as I want to buy now. I've been listing things on eBay, selling them, and using the money to buy silver.
Okay so where do we buy the silver, I have never bought any before and what type of silver do we buy?
 
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#11 · (Edited)
Its complicated..
Because the spot prize (even though it has recently risen) is still kinda on the low side .. so even though the markups are higher than they have been historically, it may be a wash..
I am certain markups will drop, (they have already to an extent compared to 2 weeks ago..) but also certain that spot will rise (it also has compared to 2 weeks ago)

As a result the price of the silver is almost the same as it was 2 weeks ago when spot was lower but spreads were also higher..

But if you dont have any silver at all, I'd buy some the risk seems low.

I spent a LOT on silver last 12 months and was getting nervous about putting away so much of my savings..
But thing is.. your dollar savings are really just electrons in some banks server..
How much can we really trust that long term?

So I prioritized Silver over buying ammo/guns/ even food (already have plenty of all those.. except my food supply not as high as it should be..)
Dint byy ammo now as its approx 20-33% higher than a year ago.. (depending on caliper.. some non volume calibers that are usually expensive anyway are only up 15%)

Stick to 1 ounce sizes (a convenient size for transport, but enough to get a fair deal small when buying...enough can be used to pay for things in a certain collapse phase (like in venezuela people are dirt poor. but you can still buy food, clothes, gas, even women, with silver and gold.).
I remember during the 2008 crisis some gas stations had signs up "will take Gold or Silver for gas")
Coins are more prestigious than rounds (which merely looks like a coin but it is minted by private mint so cannot call itself a coin)
The Silver Buffaloes (a well known round) are , compared to others, not too badly marked up over spot right now. (about 3 USD. usually can be had for 0.8 to 1.2 USD over spot, depending on quantity)

Also while "only" a round not a coin (those are always marked up more, even mor so now) it has a coin format, 1 oz round) which will likely help its acceptance in a post collapse..
Also its one of the better known rounds
https://www.jmbullion.com/1-oz-silvertowne-buffalo-silver-round-new/

If you ever need to sell your silver, it generally not hard.. just be sure to avoid pawnshops they will always try to rape u very badly.

PS: Right now, I absolutely cannot recommend Silver Eagles, or even my old favorite Maple Leafs. The Eagles are markd up 9 dollars over spot!.. thats 50% over spot.. the Maples Leafs are a bit better (as they usually are) but still too much of a spread over spot for me to recommend them..
Most of the Coins, even some of the rounds and even the silver bars (which should be the closest to spot) are still crazy marked up.
Right now I only see those buffaloes in a price range thats relatively moderate over spot (by todays standards)

I been doing this a long time... but if I were to buy silver now Id get those Buffaloes.
(no guarantees in life for positive outcomes of investments.. but I think most of us buy Silver as a hedge not an investment.)
 
#12 · (Edited)
PS: If/When you buy.. try to spend enough that you reach the "100 ounces" threshold.. that's usually the quantity where you start getting close to full volume discount.
The next step up and the fullest volume discount is 500 ounces, which is the price of a decent used car... to much for most.
While 100 ounces is also not a trivial outlay you get a much better volume discount than buying ten or even 50.
 
#14 ·
Silver has gone up 30% and gold is up 8% over the last 30 days. Premiums make the silver price $28 to $32 and gold $2000 an ounce. If you have extra money you can use to buy precious metals you should do so now. And not wait for big dip in the price.
 
#15 ·
It took silver months to go from $16 to $20. Weeks to go from $20 to $24. Now just a week to go from $24 to $28. In one day silver went from $27 to almost $30 then it dropped to $28. It's going to be interesting to see what it does next week.
 
#16 ·
The Fed is creating trillions of new dollars every month. I think we're going to see significant inflation soon. Probably hyperinflation in the next year or two. Now is a good time to get more precious metals if you can afford to.

I expect that we won't get any warning when precious metal prices take off. Chances are we'll get up one morning and find out that gold is hundreds of dollars higher and silver is $50 higher. And no coin shops will be selling until the price plateaus at some new level.

I've bought as much as I want to buy now. I've been listing things on eBay, selling them, and using the money to buy silver.
Did you call this or what? :)

Luckily i bought a lot of silver i march before it went up ..
....it was already starting to creep up back then and i was hesitant + worried i might be buying high(ish) but now I am glad I committed major funds to it..
 
#19 ·
Since gold and silver have settled back a few percentage points but have remained there, this maybe the new permanent floor. If it proves to be the new floor, that means that both metals will probably make another jump to a higher valuation. I think it's still a good time to transfer assets into gold and silver.
 
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