Author Topic: Bullion: When to Buy, When to Sell, & What to Buy  (Read 5921 times)

Offline Yeki89

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Mar 2011
  • Posts: 3861
  • Total likes: 9
  • DansDeals.com Hat Tips 5
    • View Profile
Bullion: When to Buy, When to Sell, & What to Buy
« on: December 19, 2012, 08:30:22 PM »
My understanding is that silver dropped to $30 an oz today.

http://silverprice.org/

Now silver was hovering around $35 in the last few months.

There is speculation, that due to the fiscal cliff, commodities are lower.

Even gold is now down to $1650.

Now for a quick buck I don't think it is worthwhile to be busy buying and selling in a month.

However as an investment, would you consider now a good time to buy.

Bear in mind that you never get the price that the market is holding, rather $1-$2 above spot.

Take these Engelhard 100 oz bars http://www.apmex.com/Category/1188/Engelhard_Silver_Bars.aspx

They were selling for $3500+ a few weeks ago.

Any thoughts?

Offline PlatinumGuy

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Apr 2011
  • Posts: 9830
  • Total likes: 52
  • DansDeals.com Hat Tips 8
    • View Profile
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #1 on: December 19, 2012, 08:47:13 PM »
I thought a fiscal cliff is a reason for the price of Gold to rise, not fall
Purpose > Pleasure

Offline AJK

  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • ********
  • Join Date: Jun 2011
  • Posts: 25027
  • Total likes: 257
  • DansDeals.com Hat Tips 13
  • Gender: Male
    • View Profile
  • Programs: United Concierge Key; Delta Global Services; American Chairman; US Airways 1K; Hilton Sapphire; Hyatt Tritium; Marriott Californium; Starwood Kryptonium; Hertz Plutonium; National Adamantium, Avis Executive Proactanium
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #2 on: December 19, 2012, 10:42:43 PM »
I thought a fiscal cliff is a reason for the price of Gold to rise, not fall

Indeed.
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline Yeki89

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Mar 2011
  • Posts: 3861
  • Total likes: 9
  • DansDeals.com Hat Tips 5
    • View Profile
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #3 on: December 19, 2012, 11:54:57 PM »
So what I am hearing is buy now when its low, as in 2 weeks the price will rise.

Offline michael

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Nov 2011
  • Posts: 578
  • Total likes: 3
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: new jersey
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #4 on: December 20, 2012, 12:07:44 AM »
So what I am hearing is buy now when its low, as in 2 weeks the price will rise.

I think that's only if they don't make a deal. If they do make a deal (and the commodities market seems to indicate that they will), it may go down even more.

Offline Yeki89

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Mar 2011
  • Posts: 3861
  • Total likes: 9
  • DansDeals.com Hat Tips 5
    • View Profile
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #5 on: December 20, 2012, 12:09:52 AM »
I think that's only if they don't make a deal. If they do make a deal (and the commodities market seems to indicate that they will), it may go down even more.
...then buy even more ;)

Offline PlatinumGuy

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Apr 2011
  • Posts: 9830
  • Total likes: 52
  • DansDeals.com Hat Tips 8
    • View Profile
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #6 on: December 20, 2012, 12:28:22 AM »
There is no guarantee the price of gold will ever rise
Purpose > Pleasure

Offline AJK

  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • ********
  • Join Date: Jun 2011
  • Posts: 25027
  • Total likes: 257
  • DansDeals.com Hat Tips 13
  • Gender: Male
    • View Profile
  • Programs: United Concierge Key; Delta Global Services; American Chairman; US Airways 1K; Hilton Sapphire; Hyatt Tritium; Marriott Californium; Starwood Kryptonium; Hertz Plutonium; National Adamantium, Avis Executive Proactanium
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #7 on: December 20, 2012, 09:01:47 AM »
There is no guarantee the price of gold will ever rise

Once we're stating general truths, I got one:

Just because a commodity goes down in price doesn't mean you can't make money.
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline Yeki89

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Mar 2011
  • Posts: 3861
  • Total likes: 9
  • DansDeals.com Hat Tips 5
    • View Profile
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #8 on: December 20, 2012, 11:23:46 AM »
Here are some facts as well:

In 1970 Sliver hit $50 an oz
4 years ago Silver dropped as low as $15 an oz
A month ago Silver was $38
Today its hovering in the $29 range and dropping.

Will it hit $50 in the next year, prob not.

Will it hit $37+ this year probably.

Were one to buy 100 oz @ $2800 and sell @ $3800 he make $1000.

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 52784
  • Total likes: 2158
  • DansDeals.com Hat Tips 16441
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #9 on: December 20, 2012, 11:45:29 AM »
Its also been under $5 in that timespan.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Yeki89

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Mar 2011
  • Posts: 3861
  • Total likes: 9
  • DansDeals.com Hat Tips 5
    • View Profile
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #10 on: December 20, 2012, 12:03:13 PM »
Its also been under $5 in that timespan.
I don't recall.

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 52784
  • Total likes: 2158
  • DansDeals.com Hat Tips 16441
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #11 on: December 20, 2012, 12:04:24 PM »
Look it up it was there for a while.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Yeki89

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Mar 2011
  • Posts: 3861
  • Total likes: 9
  • DansDeals.com Hat Tips 5
    • View Profile
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #12 on: December 20, 2012, 12:04:39 PM »
In 1995?

Offline HelpMe

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Aug 2011
  • Posts: 3496
  • Total likes: 6
  • DansDeals.com Hat Tips 1
    • View Profile
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #13 on: December 20, 2012, 12:16:32 PM »
Unless you think everyone is going to stop printing money, BUY BUY BUY!!!  :)
"Elvis Has Left The Building"

Offline Yeki89

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Mar 2011
  • Posts: 3861
  • Total likes: 9
  • DansDeals.com Hat Tips 5
    • View Profile
Re: Bullion: When to Buy, When to Sell, & What to Buy
« Reply #14 on: December 20, 2012, 12:22:04 PM »
I was waiting for your reply.