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Title: Gold & silver is on sale again today
Source: [None]
URL Source: [None]
Published: May 28, 2013
Author: moi
Post Date: 2013-05-28 10:31:27 by Jethro Tull
Keywords: None
Views: 154
Comments: 10

Is anyone buying into this slide?

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#1. To: Jethro Tull (#0)

Both are still plenty cheap, imo.

(I got more last week - TexMetals.com )

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2013-05-28   10:36:39 ET  Reply   Trace   Private Reply  


#2. To: Lod (#1)

I think there's more room to fall for both. I see silver @ $18 and gold @ 1200. If that happens, I'll buy. Until then I'm waiting and watching.

Jethro Tull  posted on  2013-05-28   10:48:33 ET  Reply   Trace   Private Reply  


#3. To: Jethro Tull (#2)

I've given up trying to time the market and just buy systematically regardless the price.

Eighteen and twelve would certainly be load-up time for more.

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2013-05-28   11:36:19 ET  Reply   Trace   Private Reply  


#4. To: Lod (#3)

I've given up trying to time the market and just buy systematically regardless the price.

It's a manipulated market so I agree this is the way to go.

Pinguinite  posted on  2013-05-28   11:45:29 ET  Reply   Trace   Private Reply  


#5. To: Jethro Tull (#2)

US Mint Resumes Selling One-Tenth Ounce Gold Coins... At A 40% Premium To Spot ($1,950/oz)

Apparently gold is going the way of ammunition...

On a long enough timeline the survival rate for everyone drops to zero.

Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)

Esso  posted on  2013-05-28   12:05:56 ET  Reply   Trace   Private Reply  


#6. To: Esso (#5)

Whoa. That's quite a premium. Good ammo analogy.

Jethro Tull  posted on  2013-05-28   12:10:56 ET  Reply   Trace   Private Reply  


#7. To: Esso (#5)

Insane - who would pay that for 22K gold?

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2013-05-28   12:17:04 ET  Reply   Trace   Private Reply  


#8. To: Lod (#7)

who would pay that for 22K gold?

Suckers. What was it that P.T. Barnum said about them?

Wouldn't surprise me if they're gold-plated tungsten fakes.

On a long enough timeline the survival rate for everyone drops to zero.

Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)

Esso  posted on  2013-05-28   12:27:41 ET  Reply   Trace   Private Reply  


#9. To: Jethro Tull (#2)

I see silver @ $18 and gold @ 1200. If that happens, I'll buy. Until then I'm waiting and watching.

Be aware that if your targets are achieved you probably still won't be able to buy at a cheaper than you can today.

“Anti-semitism is a disease–you catch it from Jews”–Edgar J. Steele

“The jew cries out in pain, as he strikes you.”–Polish proverb

“I would like to express my heartfelt apologies for the unfortunate and tasteless quotes I published in my tag lines. I am very sorry and ashamed. I never wanted to offend anyone, or to encroach human rights."- Hmmmmm

Hmmmmm  posted on  2013-05-28   12:35:46 ET  Reply   Trace   Private Reply  


#10. To: Hmmmmm (#9)

Be aware that if your targets are achieved you probably still won't be able to buy at a cheaper than you can today.

Related to increased premiums?

Jethro Tull  posted on  2013-05-28   13:29:35 ET  Reply   Trace   Private Reply  


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