1. Sorry, we're currently trying to recover from a system failure.
    Hopefully this is resolved soon -melbo
  2. New registrants, please note. There may be some delays as we work out some glitches associated with recovering from the outage. If your approval doesn't come thru in a week, please re-try.

Buying gold, silver when to start?

Discussion in 'Financial Cents' started by oil pan 4, Mar 1, 2018.


  1. oil pan 4

    oil pan 4 Monkey+++

    Comparisons are being made to the economy now being like the late 1990s and early 2000s.
    With soaring stock market exploding gdp.
    What was the gold price in the late 1990s and early 2000s, oh about $200 to $400 an ounce. Who knew not even a decade later they were saying "$1,500 gold is here to stay".

    I say let's see where this goes before sinking money into gold.
    I almost bought some maple leafs yesterday. But settled on silver instead.
    As of now only about 1/4 to 1/3 of my silver I paid less than $15 an ounce for.
    I don't even care that silver is down, I went into silver intending on up to a 30 year hold.

    If the toilet flushes on the gold and silver market I'm going to be buying like I should have been in 1999.
     
  2. oil pan 4

    oil pan 4 Monkey+++

    Now is a pretty good time to start.
    Silver spot is below $14 an ounce for the first time in a long time.
    Probably about a 9 year low.
     
    Wild Trapper likes this.
  3. Wild Trapper

    Wild Trapper Pirate Biker

    [​IMG]
     
  4. oil pan 4

    oil pan 4 Monkey+++

    The gold to silver ratio is at like a 20 to 25 year high.
    That means either silver is under valued or gold is over valued.
    Silver being near a 9 year low probably isn't over valued (is at a 9 year low when adjusted for inflation), gold is only at about a 2.5 year low.
    My money is on silver. Meaning I don't think silver has much further to drop before turning around. I think gold will drop more before it turns around.

    Other indicators, the last time the economy boomed like this gold fell off a cliff, crashed, burned and smoldered for a while.
     
    Last edited: Sep 11, 2018
  5. Wild Trapper

    Wild Trapper Pirate Biker

    upload_2018-9-11_21-3-50.
     
  6. oil pan 4

    oil pan 4 Monkey+++

    There are accusations being thrown around about gold market manipulation going back about 7 years in the news today causing the price to pull back.

    This is great news for me. I'm very bearish on gold, grrrr.
    Which is weird because at least 90% of people into gold are bullish and want crazy prices.
     
  7. oil pan 4

    oil pan 4 Monkey+++

    I hate to say it but roughly $1,200 an ounce gold might be as low as it goes.

    Even if we had cheap diesel prices I don't think it would help much like we did in the late 1990s and early 2000s.
     
  1. ED GEiN
  2. Ganado
  3. Motomom34
  4. oil pan 4
  5. T. Riley
  6. oil pan 4
  7. Bandit99
  8. oil pan 4
  9. thegoldlock.com
  10. Game Ends
  11. stg58
  12. CATO
  13. Minuteman
  14. Brokor
  15. rush81
survivalmonkey SSL seal        survivalmonkey.com warrant canary
17282WuJHksJ9798f34razfKbPATqTq9E7