sugardaddy Posted October 31, 2014 Report Share Posted October 31, 2014 Saw in the news today that America's gunstores are currently overstocked, and that gold is at its lowest price since 2010. Sounds to me like it's time to load up on both commodities... any thoughts? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 31, 2014 Report Share Posted October 31, 2014 i'm always a buyer of gold and silver. if it costs most gold producers $1400/ounce to mine it, then anything below that is a bargain. same with silver, most companies are in the $20-25/ounce range for costs, so in the 15s eventually there won't be any product coming to market... i think this is one last ridiculous push higher in the US dollar before the whole thing collapses Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted October 31, 2014 Report Share Posted October 31, 2014 Depressing, hoping gold stays 1200 or higher. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 31, 2014 Report Share Posted October 31, 2014 Depressing' date=' hoping gold stays 1200 or higher.[/quote'] it's at 1164 so that hope is already gone http://www.kitco.com/ Quote Link to comment Share on other sites More sharing options...
Chickadee Posted October 31, 2014 Report Share Posted October 31, 2014 Maybe get some gold caps on the teeth. You'll be the stylish person around when the world collapses. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted October 31, 2014 Report Share Posted October 31, 2014 it's at 1164 so that hope is already gone http://www.kitco.com/ Meant at some future point Quote Link to comment Share on other sites More sharing options...
mikeman Posted October 31, 2014 Report Share Posted October 31, 2014 It's prob not a bad time to buy gold and silver, but be prepared to wait years. The problem as I see it is that if you buy now at say $1200, will you really sell if it goes to $1800 or 2k? Cause i dont think you will, you will always want to wait a little more and thus never pull the trigger. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 31, 2014 Report Share Posted October 31, 2014 It's prob not a bad time to buy gold and silver' date=' but be prepared to wait years. The problem as I see it is that if you buy now at say $1200, will you really sell if it goes to $1800 or 2k? Cause i dont think you will, you will always want to wait a little more and thus never pull the trigger.[/quote'] i don't think anyone should EVER sell gold or silver unless they need the money. it's a store of wealth, not an investment idea. and most people (myself included) have the opposite problem with investments, how many people held apple stock from 15 up to 100 with 14-1 worth of splits along the way? over 10 years or so that's turning $15,000 into $1,400,000 Quote Link to comment Share on other sites More sharing options...
sugardaddy Posted October 31, 2014 Author Report Share Posted October 31, 2014 At current prices silver coins make nice Christmas stocking stuffers for the little ones... I will be getting my nephews some this year, hoping it sets them off on an interest in hoarding long term. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted October 31, 2014 Report Share Posted October 31, 2014 At current prices silver coins make nice Christmas stocking stuffers for the little ones... I will be getting my nephews some this year' date=' hoping it sets them off on an interest in hoarding long term.[/quote'] Disagree At single digits, yes. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted October 31, 2014 Report Share Posted October 31, 2014 Corn and soybeans holding up well this week in this commodity decline. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 31, 2014 Report Share Posted October 31, 2014 Disagree At single digits, yes. if silver goes to 9/gold 700 then almost every mining company will be bankrupt. possible but pretty unlikely, historically an ounce of gold can buy a nice suit and an ounce of silver can buy a nice meal. at $9/ounce you could barely afford a meal at mcdonalds, which nobody would consider nice! Quote Link to comment Share on other sites More sharing options...
Kid at Riviera Posted November 1, 2014 Report Share Posted November 1, 2014 Gold is a wise investment if you have the money to buy purchase it. Gold prices will go up in the future to a ridiculous amount and you will wish you had some. Been there done that. Quote Link to comment Share on other sites More sharing options...
wrigley Posted November 1, 2014 Report Share Posted November 1, 2014 Once the economy tanks again Gold will rise , time to buy it now Quote Link to comment Share on other sites More sharing options...
plommer Posted November 2, 2014 Report Share Posted November 2, 2014 Has the price of ammo gone up or down? Quote Link to comment Share on other sites More sharing options...
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