WOW!!!!

[ruthven78]

in the long run though gold and silver will eventually go back up. I wonder if the downward trend is from all those people who had invested in gold due to the depression scare and they are now selling it?

Gold is usually pretty flat as far as growth or decline but it has a trend of going up over the long term, just not a huge amount.

this would be the time to buy

[kzoo]

I wish I bought earlier, ended up putting 10% of our portfolio in silver, gold and platinum this spring. Most if it was silver at $40/oz, bought some fractional gold and got an ounce of platinum. I was sick of our cds making a 0.5% of interest. I'm waiting for the summer blues to buy again, I'd like to buy a little more gold, it's just too pricey at $1500/oz for me, looking for a correction in 1300 to 1400.

I'm holding for the long run or when the SHTF, the deficit bomb is suppose to go in 2012.

[racfish]

I have a few SA Krugerands that I hold onto waiting for retirement.Back then I paid $150.00 for them. So when I'm in the nursing home I'll have some spending money. I 'll have the kids bring me Chinese food and pizzas when I need.

The real butt kicker is we use like 90% Alaskan Oil for our gas yet we pay midlle east prices. Still we are one of the most expensive states to buy gas. My sis comes from New York and tells us our gas is expensive.

['OL GREY DOG]

in the long run though gold and silver will eventually go back up. I wonder if the downward trend is from all those people who had invested in gold due to the depression scare and they are now selling it?

Gold is usually pretty flat as far as growth or decline but it has a trend of going up over the long term, just not a huge amount.

this would be the time to buy

WOW!!!...i'd never do that...i'll BS about it but would never tell someone what or when to buy...even years ago when i "play'd"/traded ...my buddies would bug me to "help 'em out" ...no no no ...if they want to listen to me or me and my golf'n buddies BS about stuff..orrr at the bar lolol...fine eavesdrop...but go home 'n do some research...talk to your friends ect before ya throw any cash at something i'm BS'n about...just say'n

not to pick on ruth...but say...i picked up the phone and call'd the gold guy and gave him my CC # rrright after you typed that....i'd be down $4 a oz right now!!!...was down over $8 buck$ abouta hour ago..DOG

[ruthven78]

in the long run though gold and silver will eventually go back up. I wonder if the downward trend is from all those people who had invested in gold due to the depression scare and they are now selling it?

Gold is usually pretty flat as far as growth or decline but it has a trend of going up over the long term, just not a huge amount.

this would be the time to buy

WOW!!!...i'd never do that...i'll BS about it but would never tell someone what or when to buy...even years ago when i "play'd"/traded ...my buddies would bug me to "help 'em out" ...no no no ...if they want to listen to me or me and my golf'n buddies BS about stuff..orrr at the bar lolol...fine eavesdrop...but go home 'n do some research...talk to your friends ect before ya throw any cash at something i'm BS'n about...just say'n

not to pick on ruth...but say...i picked up the phone and call'd the gold guy and gave him my CC # rrright after you typed that....i'd be down $4 a oz right now!!!...was down over $8 buck$ abouta hour ago..DOG

To clarify I dont own stock in anything (too poor), I was implying more in general that when it is "low" is the best time to buy instead of when it is high....not at that very minute I made the post.

['OL GREY DOG]

OK cant stand it...gotta talk more politics SRY...
sooo lets go bk to Ruth's advice the other day...and say i wasnt very fast on the trigger finger and put my call in and gave the the gold guy my C.C. # when gold was down to around $1490...welllp it's at $1540 this morn'n <shrugs>

in a earlier post i said the gov tap'n into the SPR wasnt helpful... oil had be'n going down steadly for manyyy days in a row and had droped below $90 buck$..wellll after dump'n that oil on the market in a attempt to hurt speculators play'n the shorts game....it closed at about $99 buck$ yday...LORDY

on the day of that same post the dow was off over 200 points in the early part of the day(to below 12000) and then got most of it bk...to close down bout 60 points...if i had called the broker and had him buy me some good stocks...say solid companies with good #s and nice devidends that had been get'n beat up a lil already before the "BIG DROP" of that day...and if my timing was perfectttt..wellll who know's...the DOW went on a run...was up evvvvery day since..closed yday at about 12700 !!!!...LORDY

brings us to 2day...JUNE JOBS REPORT !!!...after the ADP 'n the new unemployment claims #s yday the market kinda stall'd...well the ol broken bk made me get up around 4am this morn'n so i did some check'n (watched 3 diff biz chanels on TV 'n did some read'n on a few websites)consensus was abouta 100000 new jobs for June...were some crazy's say'n 150-200000!!!....this 1 lil guy i track is kind of a skeptic and gets shouted down by all the others most days...and 2day he low balled it at 85000..and everyone scoffed and told him what a idiot he was..
net job gains for June...15000 !!....LORDY
well ya dindnt have to do a bunch of think'n or research to see what was going to happen next...when the DOW opened it drop'd a 130 points in about 30 secs...people take'n profits and avoiding further losses..because of 1 bad #..
now (8:00 am) the DOW's down about a 150 points and gold's up about $12..LORDY

i keep mumble'n about a "shoe dropping"...well this may not be it..could be the start of something tho...it knock'd the snot out of the Euro markets alllmost instantly..bad way to start the weekend...
so what's the next shoe?...the Euro/Greece deal?..the Euro bank stress test report that comes out next week? Italy Spain Portugal large cap banks may ALL be in trouble..and that doesnt take into account them be'n forced to roll over their Greek bonds!!...maybe it'll be our whole deficit mess/fight....maybe Africa or the middle east will have some big blow up or maybe asia...could be that if we keep have'n bad #s ..say what D.C. comes up with on the budget/debt ceiling is frowned upon by the rest of the world (like Greece's) and our bonds get down graded and even the Chinese (who have already started buy'n less) dont want to buy 'em anymore !!!...sidenote/ do you know who the largest purchaser of our bonds is month after month ???..
the US gov...purtty dang good trick huh ?...country's not only broke but over 14 trillion $s in debt !!!!....LORDY...so i dont worry about fish'n gear land'n on my head...but i am kinda jumpy/flinchy and keep look'n up watch'n out for "the next shoe to drop"...lolol sry...enough ramble'n from a old man i'll just leave ya'll with this... do you know how much a trillion dollars is ???...if you started bk on the very 1st Xmas with 1 trillion dollars....and spent 1 mill every single day since ....you'd still have money left !!!.....LORDY...DOG

[G-Man]

When investing you need to keep things in perspective. Doing some quick math on the numbers for gold and the market gives the following increases: 3.4% for the gold and 1.7% for the stock market index, neither of which impresses me in the least. Add to that, the timing involved in realizing the gains, cost of transactions and the tax on short term capital gains and you end up better off buying bonds or dividend paying stocks that have a long track record. The real money has and always will be made by those with insider information or those that can purchase enough stock to influence the market value of what they purchase. Don't get me wrong, there will always be a few stocks that people purchase that shoot up like a weed, but expecting that to happen is like buying lottery tickets in hopes of hitting it big. I follow the investment strategy of buying when the market is down for the long term. Most of the stocks that I own provide dividends and I re-invest any dividend I earn. It's slow growth early on, but that growth is exponential and picks up steam over the years.

[ruthven78]

Im sticking half in my mattress and the other half im burying in a size 10 coffee can in the back yard.....dont worry, i have a map of the location locked away in my fireproof safe.

['OL GREY DOG]

in the long run though gold and silver will eventually go back up. I wonder if the downward trend is from all those people who had invested in gold due to the depression scare and they are now selling it?

Gold is usually pretty flat as far as growth or decline but it has a trend of going up over the long term, just not a huge amount.

this would be the time to buy

WOW!!!...i'd never do that...i'll BS about it but would never tell someone what or when to buy...even years ago when i "play'd"/traded ...my buddies would bug me to "help 'em out" ...no no no ...if they want to listen to me or me and my golf'n buddies BS about stuff..orrr at the bar lolol...fine eavesdrop...but go home 'n do some research...talk to your friends ect before ya throw any cash at something i'm BS'n about...just say'n

not to pick on ruth...but say...i picked up the phone and call'd the gold guy and gave him my CC # rrright after you typed that....i'd be down $4 a oz right now!!!...was down over $8 buck$ abouta hour ago..DOG

To clarify I dont own stock in anything (too poor), I was implying more in general that when it is "low" is the best time to buy instead of when it is high....not at that very minute I made the post.

so i coulda shoulda woulda got in at about $1490 a oz..it just touched $1582 !!!... LORDY

['OL GREY DOG]

WOW...hit $1588...then WAM drops $5 buck$ in a matter of mins...can you say "profit taking"

['OL GREY DOG]

HIT $1603 this morn'n !!!

['OL GREY DOG]

$1627 !!!

[kzoo]

Silver back to 40 bucks.

Been reading this wave will correct after the debt ceiling drama is over. I'm still holing my PMs for the long run.

['OL GREY DOG]

$1646 !??!!!?

[kzoo]

Debt Ceiling resolved, just drama from the political sides. Of course they were going to raise the debt ceiling. Warming up the printers to print more dollars.

[tnj8222]

Debt Ceiling resolved, just drama from the political sides. Of course they were going to raise the debt ceiling. Warming up the printers to print more dollars.

Scary stuff

[Marc Martyn]

Yup, they raised it 17 times during the Reagan years without hardly saying anything and no battles. Only goes to show how our political system has deteriorated.

['OL GREY DOG]

MAANNN you guys are get'n awwwwwfullly close to turn'n this convo into a chat about (OMG) politics !!!!

some rm monitor or supreme lord or some such is going to throw stuff on ya'll's heads !!!


o yea ....up $39 buck$ to $1661 !?!?!???
and the Dow down 265 points !!!!

['OL GREY DOG]

<ROLLS EYES>

['OL GREY DOG]

hmmmpppffff .... some 1 deleted a post