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Survival and Preparations Long and short term survival and 'prepping'.

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  #521  
Old 03-21-2014, 8:54 AM
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I read just the first few posts and then the last page of the thread. Sorry if this has been mentioned. ...

I just watched several episodes of the new series "Ice Cold Gold" where a team is mining in parts of Greenland where the ice sheet has retreated. They are currently mining rubies, but I'm sure it is only a matter of time before explorers there strike gold. These places like Greenland and Antarctica are the ancient rock "cratons" where all these precious gems and metals are found. Also the huge new Oyu Tolgoi gold and copper mine in Mongolia is just starting deliveries of an estimated 1.7 million ounces of gold. If I was to bet, it would be the gold and precious metal prices are vulnerable to new discoveries like this.
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  #522  
Old 03-21-2014, 9:02 AM
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Currently the per ounce price is less than the cost to mine silver.

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  #523  
Old 03-21-2014, 11:52 AM
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It should be noted that today, the "Golden Cross" was reached @ $1,301.

This now signals a very bullish sentiment for the metal. I would have been a buyer yesterday but I have to stick to my formula for now, 1/2 metals 1/2 cash and boating accidents. I need to make more, this is going to slow. ha ha

Inflation or deflation? What's it gonna be doc....
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  #524  
Old 03-23-2014, 11:37 AM
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Default Deflation

How would metals help you in deflation?


Quote:
Originally Posted by sixoclockhold View Post
It should be noted that today, the "Golden Cross" was reached @ $1,301.

This now signals a very bullish sentiment for the metal. I would have been a buyer yesterday but I have to stick to my formula for now, 1/2 metals 1/2 cash and boating accidents. I need to make more, this is going to slow. ha ha

Inflation or deflation? What's it gonna be doc....
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  #525  
Old 03-23-2014, 6:15 PM
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How would metals help you in deflation?

They do not...... Unless you need werewolf bullets, shiny fishing weights or the like.

Six has a relevant argument about inflation. But he's a one trick pony. That won't get you home IMO.
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  #526  
Old 03-26-2014, 1:39 PM
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So why the huge spread in gold / silver today? Which is over priced and which is under priced - the spread it nearly 65 to 1.
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  #527  
Old 03-26-2014, 2:05 PM
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Originally Posted by lasbrg View Post
If I was to bet, it would be the gold and precious metal prices are vulnerable to new discoveries like this.
I would suspect after an initial euphoria they would sit on it like De Beers and keep the prices artificially high. Depending where it's at a government might take it over.
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  #528  
Old 03-26-2014, 2:40 PM
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Any tips on where the best place to buy online is? Between minimum orders, shipping and what not the prices over spot are often misleading.

Mostly interested in gold / silver.

thanks!
No tips from anybody...?
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  #529  
Old 03-26-2014, 3:22 PM
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I suspect it will continue to fall unless a major event happens and reverses the course. Currently gold is at $1,437 and smashing through major resistance levels.

I suspect it will bottom out somewhere between $800 and $1,200 for gold and $15 to $20 for silver. But my guess is as good as yours.

The world's financial problems will eventually play out, and then PM's could go on a tear. So I would jump on buying opportunities.

Right now is like trying to catch a falling knife though.
who would have known, youre almost right
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  #530  
Old 03-26-2014, 6:51 PM
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Originally Posted by Ripon83 View Post
So why the huge spread in gold / silver today? Which is over priced and which is under priced - the spread it nearly 65 to 1.

What is the average?
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  #531  
Old 03-26-2014, 6:53 PM
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who would have known, youre almost right

The fall for metals is far from over. I stand by my long term prediction that gold will get closer to 800 before it hits 1500.

Just my opinion......
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  #532  
Old 03-26-2014, 6:54 PM
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No tips from anybody...?

Keep your powder dry.
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  #533  
Old 03-27-2014, 7:04 AM
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Default Gold

and we are under 1300.00 for gold today
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  #534  
Old 03-27-2014, 7:26 AM
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I'ma buy a bunch of silver if/when it hits 18
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  #535  
Old 03-27-2014, 7:49 AM
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Originally Posted by Uxi View Post
I'ma buy a bunch of silver if/when it hits 18
What is magic about silver at 18 vs 17 or 19? What fundamental screams "buy" when it hits 18?
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  #536  
Old 03-27-2014, 8:01 AM
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I didn't buy enough the last time it was that low. If it goes lower, I'll buy even more, of course.
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  #537  
Old 03-27-2014, 8:25 AM
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Here comes inflation...
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  #538  
Old 03-27-2014, 8:55 AM
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Barry is dumping tons of fools gold into the market driving prices down.
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  #539  
Old 03-27-2014, 3:41 PM
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Originally Posted by therealnickb View Post
Keep your powder dry.
I believe I will do that given that we broke down under $1,300.

I would guess we test $1,180 for the third time. There I will buy heavily.
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  #540  
Old 03-27-2014, 7:17 PM
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Default Are Gold and Silver gonna keep going down?

It will break 900


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  #541  
Old 03-27-2014, 7:43 PM
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It will break 900


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If it gets that low I would expect the dollar at 70 and we are in a world of hurt.

I will use most my cash at that point and buy whatever I can, because that will be financial SHTF.
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  #542  
Old 03-27-2014, 7:50 PM
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Originally Posted by sixoclockhold View Post
If it gets that low I would expect the dollar at 70 and we are in a world of hurt.

I will use most my cash at that point and buy whatever I can, because that will be financial SHTF.
I'm with you ill be backin the truck up...
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  #543  
Old 03-27-2014, 7:53 PM
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Originally Posted by sixoclockhold View Post
If it gets that low I would expect the dollar at 70 and we are in a world of hurt.

I will use most my cash at that point and buy whatever I can, because that will be financial SHTF.
DXY was at 73 in 2011, I don't remember the world ending.
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  #544  
Old 03-27-2014, 8:34 PM
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DXY was at 73 in 2011, I don't remember the world ending.
By 2011, China and the US had probably pumped 20Trillion into the world economies in funny money. Try pulling that fast one again.

While you don't believe it, that's why we are in a world of hurt now, it's just the masses aren't hungry enough yet, but they will be soon.
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  #545  
Old 03-27-2014, 9:04 PM
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http://cgi.ebay.com/ws/eBayISAPI.dll...tchlink:top:en

20% discount. This afternoon they had sold around 2000 orders, now past 7750 orders.

Question: Why are they dumping it? Do they anticipate another price drop? Not a horrible price for ebay.
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  #546  
Old 03-27-2014, 9:07 PM
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How about palladium?
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I have to wait until all the info is in before I make a statement. Obviously the family dogs had it coming.... other than that, waiting on more info.
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  #547  
Old 03-27-2014, 9:09 PM
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wow, and just like that they are gone.
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  #548  
Old 03-27-2014, 9:23 PM
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Originally Posted by DRH View Post
They say catching a falling knife is dangerous. I would just accumulate cash at this point and wait for the bottom. If China's economy struggles and/or the stock market drops we could see a gold drop still. Deflation will proceed inflation like a one, two punch.

J shot,
Try Apmex, Monarch or Gainesville. They will all be pretty close. Tulving was a great dealer at one point but now I would not trust them.
Tulving has major issues if their even in business at this point.

i have used Apmex and AJPM.com but shop around, they all have sales and depending what you want you can get silver for like .89c over spot. Eagles will usually be ~$3 over spot.

i have gold and silver from 99 that i didnt cash out at 1900 so im holding on. not adding to my gold at this time. i try to buy a tube of silver eagles per month. i didnt buy any silver over 30
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  #549  
Old 03-27-2014, 9:29 PM
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Don't forget about provident, never had a bad experience from them yet.
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  #550  
Old 03-27-2014, 9:50 PM
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Originally Posted by sixoclockhold View Post
By 2011, China and the US had probably pumped 20Trillion into the world economies in funny money. Try pulling that fast one again.

While you don't believe it, that's why we are in a world of hurt now, it's just the masses aren't hungry enough yet, but they will be soon.
Hey look six' is predicting the end of the world again...

Except things are getting better not worse... still...
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  #551  
Old 03-27-2014, 10:02 PM
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silvertowne.com is a great place to buy a silver buffalo from time to time, specifically when silver is down like now. They sell about $1.20 over spot with free shipping.

They also sell some of their ounce bars at same price for free shipping.

I buy a coin here and there for $21 when I have the spare cash.
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  #552  
Old 03-28-2014, 5:56 AM
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Hey look six' is predicting the end of the world again...

Except things are getting better not worse... still...
You obviously watch only main stream media. When 10's of MILLIONS protest in the streets of Spain or Italy, that should shake your soul some.

We don't hear about it here, well you don't anyway. Just think if they had guns.
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  #553  
Old 03-28-2014, 6:04 AM
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Quote:
Originally Posted by othersmightlive View Post
http://cgi.ebay.com/ws/eBayISAPI.dll...tchlink:top:en

20% discount. This afternoon they had sold around 2000 orders, now past 7750 orders.

Question: Why are they dumping it? Do they anticipate another price drop? Not a horrible price for ebay.
Don't kid yourself, $3 over spot is the going rate at any mint dealer. They probably even get discounts under spot for quantities from the mint. I would sell all day long with 18% margins in quantity.

http://www.golddealer.com/
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  #554  
Old 03-28-2014, 3:48 PM
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Pretty crappy week for silverbuffs. Did it go under $20 again? I wasn't watching really - need to look it up.

You know that mass creation of money the SHTF crowd keeps worrying about probably isn't even keeping up with the expanded economy of the world; but don't let that stop you from prepping.
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  #555  
Old 03-28-2014, 4:23 PM
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Think it hit 19.64. Back up close to 20 now. I've been buying a bunch.
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  #556  
Old 03-28-2014, 7:29 PM
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Never hit $18 that I saw. I got paid today so will probably a tube of Eagles or Maples tomorrow.
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  #557  
Old 03-29-2014, 10:01 AM
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Quote:
Originally Posted by 40calibre View Post
silvertowne.com is a great place to buy a silver buffalo from time to time, specifically when silver is down like now. They sell about $1.20 over spot with free shipping.

They also sell some of their ounce bars at same price for free shipping.

I buy a coin here and there for $21 when I have the spare cash.
Silvertowne has been giving their customer lists to other companies who have been calling customers trying to sell silver to them. Not a fan of this at all.
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  #558  
Old 03-30-2014, 4:57 PM
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Originally Posted by baz152 View Post
Yes it will continue to drop. People are starting to get an idea that gold only holds a value because we say it does. If all hell broke loose, I would not trade a roll of T/P for a gold coin let alone a can of food. Gold is a gamble; I am sure a lot of people were wishing that they did not buy gold and rather ammo a year ago (a good example of an item which has value and a use).

Why dont you look at this killer "new" currency named bitcoin too if you like to gamble.
Agreed. Gold is not the solution. It was interesting watching people horde gold paying ridiculous prices only to then freak out as they watched the price of gold plummet. if the U.S. currency fails, we will have much larger problems. I would rather have provisions including an abundant supply of sought after ammunition.
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  #559  
Old 04-01-2014, 6:42 PM
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Default How silver-gold price is artificially held down

Paul Craig Roberts explains in this article why and how the price of gold is suppressed every time the price of gold starts to rise dramatically (as the dollar starts to fall dramatically).

Article: http://www.paulcraigroberts.org/2014...rve-integrity/

In short, maintaining the value of the dollar is more important than allowing gold to have a true price.

You might be waiting a very long time before gold breaks out of the shackles placed on it by the Federal Reserve.

Silver tends to track gold and therefore may also be subject to similar Federal Reserve control.
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  #560  
Old 04-03-2014, 9:58 AM
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Originally Posted by Advocate View Post
Agreed. Gold is not the solution. It was interesting watching people horde gold paying ridiculous prices only to then freak out as they watched the price of gold plummet. if the U.S. currency fails, we will have much larger problems. I would rather have provisions including an abundant supply of sought after ammunition.
Those people should not be investing at all, theres no sure thing. With PM's if you can't handle a loss, you sell past a certain threshold, rebuy later and sell when things move up a bit.

That's why I moved a bit into collector coins, I managed to pick up the odd coins at spot or slightly over when I can then sit on them for a while and sell them with the premium later.

I've seen a lot of people get burned by gold purchases because they didn't do their home work.
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