When to buy gold when to buy silver

The goal is to get as much shinny stuff as you can for the fewest $ possible.
I am a bit of a bear when it goes to gold and silver, always wanting it to go lower so I can buy more, then when it goes high I don't want to sell. I like when the stock market is doing well then everyone forgets about tangible things like gold and silver.
A few weeks ago I was getting the itch to buy some more gold and silver again, but with gold near $1,300 an ounce I was able to resist.
Gold prices fell almost $100 in the last month so I am happy I didn't move on it. I would like to get it to my door for around $1,200 an ounce but prices would have to fall below $1,150 for that to happen.

Silver at $16, I am not seeing that as great. The "to your door and in your hand" price is pushing $18 to $19 an ounce. That doesn't really get me excited enough to open my wallet. But 15 to 16 may be a decent price for the forseeable future.

Pretty much everyone but my wife thinks I am crazy for wanting to buy gold and silver and keep it in my safe. They all think stocks, bonds and CDs are the way to go. Maybe I am crazy.
What say you?

 

You appear normal to me!

 

abe-normal.

 

IMHO I personally would rather have goods to barter when everything falls
apart. you can't eat gold and silver .when everything goes your gold wont buy food when everyone is starving as they will let you starve rather than themselves

 

But luckily it's not and either-or proposition. I have my barter stuff and I also have gold and silver coins. Why limit your options and flexibility if you don't have to?

 

ape-normal...

 

I am completely out of stock market. I don't think much of gold it's not over priced yet at the rates you mentioned. bbut I don't think very highly of it. Hard to transport store and sell.

I do not have hordes of silver either. gold and silver will only be useful for a few weeks in SHFT (I wouldn't go into gold or silver for spec investment, as wealth preservation maybe) I have enough cash and junk silver coins to trade for goods for a few weeks in case we lose credit card system

what is more valuable than investment metals, after a few weeks (if things do go south) are barter items. small inexpensive essentials. We have a barter thread here somewhere. Invest in a few of those items is far cheaper than buying gold and silver and they are more portable

 

If you are out to preserve your wealth you need to have moved some of your wealth off shore over 2 years ago before the laws changed. you can still diversify offshore but it is extremely difficult to do and be safe and not pay huge fines.

 

Banks won't take bullets and unless they go completely under, I still got a house payment to make. And since the govt bails out banks and wouldn't bail me out of a leaky boat, I include some PM in our planning.

 

Yep there never is one 'right answer ' each of us had different circumstances and different goals

As to timing of buying.... now is a good time. Go read bix weir he thinks it's all under priced and has very good reasoning

FINANCIAL DISCLOSURE:TEN DISCOVERIES FROM THE ROAD TO ROOTA

 

True you can't eat gold and silver, but for exactly the reason money was created in the first place is that you need an intermediary, example I have a dozen eggs, you have a pig, that's not a fair trade, but I have a dozen eggs and 20 silver dollars, perhaps we can do business, you can take some of those dollars to the farmer for 10 pounds of milled flour he uses some of those silver dollars to buy eggs from me next week.

I guess none of you went to business school, me neither I are an Engineer, want a bridge designed? That will be 20 ounces of gold...

Rancher

 

You will find others here that certainly agree with you, @oil pan 4.
Personally I do not have silver but it is on my list of preps. Get it in the safe at home (the only place).
In my mind, silver is better than gold as I'm not going to give someone an ounce of gold and expect $1200 in items -- since I would rarely buy things as high priced as $1200

 

I buy into the retitrment Roth at work, they match up to 5%. So it's kind of like free money.​

Hopefully it's still there in 30 years. But between being confiscated by politicians to fund failed social programs or lost to the down fall of society, eh who knows.
But I have about 1/3 to 1/2 in metals of my retirement in precious metals.
When the government confiscation happens just think how much they will be worth.
The problem with gold is it is hard to spend $1200 all in one place. Even $400 or a 10gm bar of gold.
But 1toz of silver are almost like $20 bills.

Also I have not found a legitimate bank that will exchange gold or silver for cash.

 

....or, they could make private gold ownership illegal (again), and all those golden eagles would need to be hidden or turned in for script.
In which case, thier use becomes much less helpful, and prone to arrest.
If they did make such a change, i would expect the banks to be closed, and all assets frozen, before anyone is told what is really going on. (No warning), so only metals you can reach out and touch qould have any chance of being saved.
Last i heard, we have Germany wanting thier gold back, the Chinese buying up gold for thier new currency, US making deals for Chinese power companies on US property, ect....
I would not bet too strongly against .Gov making a deal over gold metal with a foreign country, and to heck with the good of the citizens.

 

I agree a hungry man will not trade silver for rice, but a broker's statement showing your stock holdings on the day of the event will be TP. At some point in the "recovery" post SHTF, if there is one, a compact universally accepted medium of exchange will be required and PM's will fit that bill. During a rapid decline in the value of paper currency, as in Venezuela, PM's will hold their relative value. IMO. That's why I have some silver, no gold (who will you trust to make change for a $1,300 coin and with what).

 

I'll give you a dozen eggs, are you starving, and an old hen on Tuesday.

Rancher

 

investing in PMs the prudent plan is no to try and get rich quick but use dollar cost averaging.
by purchasing the same dollar quantity each week, month or quarter when the price is up you buy less ounces. When the price is down you buy more ounces.

It will also keep you from panic buying if you suspect that the price is only going higher. I know a fair number of people that are upside down on gold as they panic bought as gold rose north of 1600 a while back thinking that it wasn't going down but only up from there.

 

There will always be a market for Gold, Silver and Lead.
Lead is the most important, and the cheapest to acquire.
It will take lead to insure you keep your silver and gold