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USD rising, still going up. Good time to buy PMs approaching

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USD rising, still going up. Good time to buy PMs approaching

Postby 68Camaro » Wed Aug 15, 2018 8:19 am

We seem to have gone through these cycles every year or two during the past 6-8 years, and while I'm not clear what is driving the USD up except for the Turkish Russian Iranian tensions, the fact is it is going back up, and that means PMs are and will be on sale (to the extent you can find it at low premium). Time to keep a sharp eye open!
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Re: USD rising, still going up. Good time to buy PMs approac

Postby pennypicker » Wed Aug 15, 2018 9:17 am

Yep, good time to work on lowering your DCA...I'm still sitting on silver I paid $42 an ounce for :o
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Re: USD rising, still going up. Good time to buy PMs approac

Postby Cu Penny Hoarder » Wed Aug 15, 2018 5:22 pm

Prices are getting hammered and premiums are still very low. This is a great opportunity to accumulate. The strong hands with dry powder available should be taking advantage of this. The price may go lower, even down to $8, but you won't be able to buy it at that price... the premiums will be 50-100%.

Buy, buy, BUY!
Time is precious, stop wasting it.
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Re: USD rising, still going up. Good time to buy PMs approac

Postby Recyclersteve » Wed Aug 15, 2018 7:06 pm

Cu Penny Hoarder wrote:Prices are getting hammered and premiums are still very low. This is a great opportunity to accumulate. The strong hands with dry powder available should be taking advantage of this. The price may go lower, even down to $8, but you won't be able to buy it at that price... the premiums will be 50-100%.

Buy, buy, BUY!


Agree that if silver gets down to single digits it will not likely be there long and will have huge premiums. I remember well in September or October, 2008 trying to buy silver American Eagles. The dealer told me the limit was 2 coins (not rolls) per customer. Yikes! Likewise in January 1980 with silver at about $50ish for the first time ever, the refiners had a backup of several months because so many were selling. So the price actually paid for silver coins was more like what you would expect at $35/oz. Nonetheless, I took my modest stash and used it to buy five new three-piece suits with ties, shirts, etc. My average cost had been something like $3/oz.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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Re: USD rising, still going up. Good time to buy PMs approac

Postby misteroman » Wed Aug 15, 2018 8:31 pm

I personally know 2 people that said if it ever got below 10 an ounce they would both throw 100k+ at it. I know that's only 2 people but imagine there are many many more people that would too
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Re: USD rising, still going up. Good time to buy PMs approac

Postby mflugher » Wed Aug 15, 2018 8:51 pm

At single digits I'd buy a futures contract and drive to chicago for delivery.
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