Do not obey your television- Buying Gold

Nov 27th spot was 21.52 after it was hammered down , AU was my buy

 

According to the TeeVee you need to act now to lock in $1,925 gold prices.
Sounds to more like panic than a sincere offer.
Kind of like the same way you need to buy a new car now, when dealers are up charging customers thousands upon of dollars because demand has out paced supply.

 

I see "buy gold now" advertisements.
I don't see "buy silver now" advertisements.
Guess which one is down?
Actually I'm almost seeing dealer panic selling. APMEX is offering free shipping on orders over $200.
Oh so now they want piddley bullshit orders?
Remember 2 years ago their minimum order was $300, which was only like 7 ounces. Hahahahahahahahahaahahahshdcjdifcn.
And some of you bought silver then...
Bahahahahahahaawww.

 

Silver is down, may go down more.
It's around a 1 to 2 year low now, not a horrible time to buy.

 

And some dealers are offering at or near spot pricing...

 

That often indicates dealer panic selling, like they think the price will drop further, to be equal or less than what they paid for it. I say buy your silver, then if the price falls off a cliff run up the credit cards and buy more.

 

Yeah if it is still looking this way on Friday I will order a few tubes at least!

 

Most of the big online dealers are hedged through options contracts .. They don't lose money. If they did they'd be out of business in a hurry. It's the small Local coins stores that want to much and get stuck on inventory cost. They need to move product, they live on the premium.

 

They don't normally lose money but it's possible during a price crash. They don't lose money every time the price goes down some, they just don't make as much.

 

They may not make as much profit on in stock inventory items but if you are ordering for direct ship, it doesn't matter where the price is going, the margin is built in and guarantees profit.
Got a buddy in the business. Yeah, prices would need to crash 20 percent in a day and he may lose a little, but it comes in the morning and is gone before closing. profit is guaranteed. Someone comes in and orders a monsterbox, he's making 1200+ no matter where the price goes it's price and profit are set at order time.

 

posted late 2016.

Wow, what a difference a few years make hey.



Escaping from the Wall Street mindset is the hardest thing for people to do when it comes to investing for their retirement. They buy into bubbles, over and over, and in the background Gold quietly moves higher and higher. I know part of the story, people are gamblers now, they have that all or nothing mentality. If they can't get rich on the stockmarket or dogecoin they'd rather be broke. As many end up. Tesla was a winner, until it lost 50%. Same with Zoom, Uber, WeWork, the list is endless. The next bubble to lose money on is A.I. and now is the time to buy in because the stocks are super expensive. That's how the average investor does it.

 

Looks like Gold doubled from 2015 to now. In the same time, S&P500 went from 2,019 to 5,010 more than doubling.

 

The problem with gold is what do you do with it after the world goes to shit?
It will be slightly more useful than stocks.