Is anyone buying now?

[Neuro]

Price have dropped about 10% for silver and a few percent less for gold compared to a couple of weeks ago. Do you think now is a good time to buy or are you holding back for potentially buying at an even lesser price, soon? If so what price do you think it is time to pull the trigger?

I am buying some gold tomorrow, I think (gold shops are open on Saturdays in Istanbul)...

[Gaillo]

...I am buying some gold tomorrow, I think (gold shops are open on Saturdays in Istanbul)...

That surprises me, being Shabbat and all... isn't Turkey a wholly owned subsidiary and suburb of Israel? ;D

[Neuro]

That surprises me, being Shabbat and all... isn't Turkey a wholly owned subsidiary and suburb of Israel? ;D
Shabbat shalom! Here we do business every day apart from thanksgiving thank you. How else would Israelis earn a Shekel when their markets are closed!

[Gaillo]

Shabbat shalom! Here we do business every day apart from thanksgiving thank you. How else would Israelis earn a Shekel when their markets are closed!

Ahahaaahaaahahhaaaaaaa! Niice! ;D

[beefsteak]

Risk has two components: Time. Price.

Here are some timing risk thoughts:
Market is pressuring PMs due to the election timing. So, outside risk? 21 day buying window here. It's always buy the rumor, sell the news. The big boys are buying currently, the little people are selling currently.

Here are some pricing risk thoughts:
Pricing risk all the way down to $1650. Currently $1722.
No ordinary person buys the bottom price nor sells at the top price. Fact of life.
In the overall scheme of things, PoG risk is $72 or within 4.2% of the bottom.
Question is: is that close enough/narrow enough price risk band for you or are you holding out for 1% (aka $17 from the bottom at $1667?) When you know that price risk answer, then you can pick your date in the time window above.

Either way buying now or buying after the election, you are buying during a sell-off reaction.

'Bout as good as it gets in the both buying departments. How would you advise someone ELSE who was asking you that question?

[gunDriller]

right now, silver PM prices are tracking the stock markets.

of course, the stock markets are highly manipulated too.

because of the fiscal cliff, unresolved - the market will not like approaching Jan. 1 without a resolution to the 'fiscal cliff'. it will be like the debt ceiling budget in the summer of 2011 - then, gold got up to $1900.

so the markets respond in different ways to Imminent Financial Crises.

[Steal]

caught the falling knife before, not as bad when its physical, but chances are silver going lower. Some damage done in chart. This sell off was expected, Im making another purchase at $30-30.5 handle. If it does not hit , I will hold. Its gun show season, so lots of other metal to invest in.

Dont know if this all just , like mentioned, following maket down. Less than expected earnings combined with a anniversary of 87 crash monday, black friday kind of mojo thingy but, gold has to pull out this coming week or ....Im making a purchase at the 1,650 handle, hehehe.

[mamboni]

I'm going to pick up some silver eagles tommorrow. You should just dollar cost average and buy a little metal on a fixed schedule. If you understand the big picture vis-a-vis the stock markets and the US dollar and the catastrophy that is USA Inc then buying and holding physical gold and silver is your only long term option. Little guys like us cannot trade these paper markets. Accept the fact that they are rigged and manipulated. But TPTB cannot prevent the eventual day of reckoning when the dollar is diluted to worthlessness and the only stores of wealth with international cache are silver and gold held in your physical possession. Listen to this interview: Egon von Greyerz understands the big picture and explains exactly what you must do to survive what is coming.

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/10/19_Egon_von_Greyerz.html

[Spectrism]

I am buying bargain basement stuff only. Any time I can find sterling or junk silver at yard sales, I will scoop it up. I have had my small share of boating accidents already, so I am not desperate. When silver gets into the $24 range, I may pick up some Maple Leafs and some Eagles.

[JDRock]

hey ...the way i look at it, at ANY price ,trading paper for pm's is always a win...that said im getting eagles and a boatload of '64 kennedys

[1970 silver art]

I am always looking for and buying certain silver art bars that I want to add to my collection. The down moves of the spot silver price do not bother me at all. When I have the FRNs and the opportunity presents itself at the LCS or at a coin show for me to buy a silver art bar that I want, then I just buy it regardless of what spot silver is doing at the moment. With that said, I did not buy anything this week but I plan to go to the LCS next week as well as possibly attend a coin show or two next weekend to see if I find any interesting silver art bars.

[osoab]

hey ...the way i look at it, at ANY price ,trading paper for pm's is always a win...that said im getting eagles and a boatload of '64 kennedys

A boatload of kennedys sort of aids you in a boating accident too. :D

[JDRock]

A boatload of kennedys sort of aids you in a boating accident too. :D yeah..." i lost them at chappaquddic your honor"

[osoab]

yeah..." i lost them at chappaquddic your honor"

bwahahahaha

[Shami-Amourae]

I haven't really bought much Silver this year. I've focused mainly on preparedness items.

I'd rather stack things like food, water, alt-medicines, energy, hygiene, etcetera - instead of metals. Those are more important. Precious metals are secondary. I have a very high position in precious metals and don't want to go "all in". I think that's risky and dangerous.

http://www.tanksforless.com/media/Blue%20Stack.jpg

I just got a reverse osmosis system and no longer use the Berkey. I absolutely love it so far. I've tested the water and it does as advertised too.

[LuckyStrike]

I am even though I think we may go down from here, the main reason being it makes absolutely no sense sitting in cash for more than 1.4 nanoseconds because it loses value. I trust anything more than FRN's, I also just found out to my delight that Maple Leafs have a 5 dollar face value, so at least my downside risk is only $30 bucks :)

[Neuro]

I am even though I think we may go down from here, the main reason being it makes absolutely no sense sitting in cash for more than 1.4 nanoseconds because it loses value. I trust anything more than FRN's, I also just found out to my delight that Maple Leafs have a 5 dollar face value, so at least my downside risk is only $30 bucks :)
It would stink if the Canadian looney would hyperinflate while the rest of the world hyper deflates though! ;)

[osoab]

I just got a reverse osmosis system and no longer use the Berkey. I absolutely love it so far. I've tested the water and it does as advertised too.


What system Shami?

[Shami-Amourae]

What system Shami?

https://www.afwfilters.com/portable-ro-systems/mikro-alpha-4-stage-portable-reverse-osmosis-system-with-75-gpd-membrane-242.html

You can get it with replacement filters and an attachment for your sink. By default it comes with a hose attachment by default. It's way cheaper than any gravity fed system that's for sure.

I'm currently very happy with it. Currently though, that's the keyword. I haven't had it long term to give a detailed final analysis.

The water tastes like nothing, so that's a good thing. The Berkey water had a taste. My tap water has about 370 ppm, and the Berkey would reduce it to about 350 ppm. This reverse osmosis reduces it to like 25 ppm, so it's definitely doing something.

[LuckyStrike]

It would stink if the Canadian looney would hyperinflate while the rest of the world hyper deflates though! ;)

Well face value of 5 Canadian dollars vs 1 USD, it has a ways to go. And of the sovereigns I would put the Candian government on the low end of my list of people who will hyper inflate.

My philosophy remains, that worst case scenario for me I am dead wrong on PM's and commodities in general in which case I will be super thankful I get paid in FRN's.