Today, Saturday I just bought a couple grand worth of Silver

[Neb]

I check it every day. And silver is over $30. I think gold is way too high to buy right now. It's a good thing that we all bought our gold $2000 ago.
Even at $30 I might still buy some silver.

Yup

I am considering taking the gold profit and increasing our silver holdings.

Ben

 

[Mountain trapper]

Yup

I am considering taking the gold profit and increasing our silver holdings.

Ben

That's not a bad strategy. I used to watch the gold/silver ratio and base my buying decisions on that. It's still a good way to go.
Check out platinum too. It's under $1,000. Historically platinum has always been way higher than gold.

 

[Supervisor42]

I noticed.

It is in record territory.

Ben

I'd bet all of the gold-coin sellers are scrambling about now, changing the prices on all of their TV commercials and online ads!

What is the current value of a one ounce Gold American Eagle coin? The current ask purchase price for a one ounce American Gold Eagle is: $2,637.20 and the current Monex bid selling price for one ounce Gold Eagle coin is: $2,546.40.

 

[Supervisor42]

1 Oz American Gold Eagle

Buy Price: Best Price: $ 2,637.26. Gold Eagle Coins for Sale. A 1 oz American gold eagle coin is a gold bullion coin produced by the U.S. Mint. The Gold ...
$2,637.26 to $2,652.10 · 60-day returns · In stock

...Umm, make that $2,719.03

 

[old tex]

Like I've said before I'm gun shy about buying minerals because of a loss before. Having said that I believe that there's a case to be made for buying gold to "balance" possible stock drops. As for the economy going down there's probably a good case to be made for having silver. I'm not committed to believe either of those situations are close BUT my wife wanted to buy silver. So we bought more of it about a week ago & I assume that we will buy some every month in the future. Good or bad thing to do, only time will tell.

 

[Mountain trapper]

I think now is still a good time to buy silver. I recently inherited my father's silver, old coins and currency stash. There's a pile of Mexican silver pesos in there that I have no interest in, so I'll sell that. The Morgan and Liberty silver dollars I'll add to my stash. There's probably at least a couple hundred dollars face value of silver quarters and dimes. I'd like to buy another couple hundred face value of silver coins and add to the stash.

 

[Mountain trapper]

Going to stop at a coin shop today and sell a bag of Mexican silver pesos. They're all dated in the 1920's and contain a little less than a half ounce of silver.

 

[Mountain trapper]

Gold is up to $2660 today, that's an increase of $837 in just 12 months. Silver is around $31 per ounce. To me silver is still worth buying. Last week I sold some Mexican silver pesos. I'm only interested in holding US silver.

 

[Neb]

Gold is up to $2660 today, that's an increase of $837 in just 12 months. Silver is around $31 per ounce. To me silver is still worth buying. Last week I sold some Mexican silver pesos. I'm only interested in holding US silver.

We committed to play it safe through the election. We can always buy back after we get a better idea where the world is going.

Ben

 

[Mountain trapper]

We committed to play it safe through the election. We can always buy back after we get a better idea where the world is going.

Ben

I think that's a fair strategy, and that's what we're doing. If Trummp is elected, and gets the ME back under control, then I expect to see gold and silver prices drop. If Camela gets elected, then I see the wars in the ME escalate, plus it'll drag the US in further, the price of gold and silver could skyrocket. Right now the gold/silver ratio is 83.71
Take a look at platinum. It's trading right around $1000. I think there could be a huge potential for it going up. Platinum is used in the production of hydrogen, which I think will replace the failed battery powered vehicles.
Just my opinion, which is worth less than nothing.

 

[Neb]

I think that's a fair strategy, and that's what we're doing. If Trummp is elected, and gets the ME back under control, then I expect to see gold and silver prices drop. If Camela gets elected, then I see the wars in the ME escalate, plus it'll drag the US in further, the price of gold and silver could skyrocket. Right now the gold/silver ratio is 83.71

Exactly. Funny you speak to gold and silver. I didn't say as much but gold and silver are what will hold on to for now (a few exceptions but not worth mentioning).

Ben