PMs?

[J P Stein]

What are your views on gold/silver. With pass book savings giving a negative return are they better than stuffing your disposable cash in a mattress?

[recycled sixtie]

I dont pretend to be an expert but have done reasonably well with the physical ownership of gold. But I have sold off what I had. I now have gold mutual funds which have lagged the price of gold. Still at a paper loss there but will be patient. Yes I think that physical ownership of some gold is good. Never had silver though. As with anything I say to myself moderation and diversification of investments is necessary. Some cash , some gold.

[legion]

This is a great time to own physical gold if you think the world will soon descend into anarchy and chaos/zombie apocalypse/worldwide financial meltdown.

This is a horrible time to buy gold or gold-related assets if you think the economy will recover. This is similar to buying an "investment house" to "flip" in 2007.

My personal opinion? We are at a crossroads. Greece can only be bailed out so many times before the rest of the EU says enough. Government can only prop up a failing economy for so long--and that statement applies to just about everywhere, Europe, the U.S. and China...

[Rot 911]

Just track the prices. Gold has fluctuated between 1650 and 1750 for the last year or so. Silver the same only between 29 and 33. If you want to play the market there is some money to be made if you can buy and sell at spot. If not, then not much money to be made there.

I took some advice from Motion in a thread he posted in 6 months ago regarding lendingclub.com Not as safe as a bank, but so far my return on investment is hovering around 14%

[RWebb]

Originally Posted by legion

This is a great time to own physical gold if you think that [most other people will think] the world will soon descend into anarchy and chaos/zombie apocalypse/worldwide financial meltdown.

...

slight mod, legion

[legion]

You are correct Randy, but when prices have flattened out, as they have now, it can signal that the bubble is about to pop. The more convinced the financial media is that "this time is different", the closer we are to the day or reckoning.

[J P Stein]

Since the 1st of the year, silver is up 17% & gold is up nearly 10% as of today's closing price. That is paper money. Physical possession is about the same but started out higher.
My .05% passbook savings is up .05% but is not nearly as volatile.

[J P Stein]

Originally Posted by legion

You are correct Randy, but when prices have flattened out, as they have now, it can signal that the bubble is about to pop. The more convinced the financial media is that "this time is different", the closer we are to the day or reckoning.

Bubble?
Back in 1964 I could buy a gallon of gas for a quarter. Take that same quarter today and I still can .......and get some change.

There is a bubble here fer sure but PMs aren't the problem, the US dollar is.

PMs are on the move up again today, dunno why but there it is.

[on2wheels52]

Full service premium at that. (quarter is 6.3 grams x $.92/gr = $5.80)
Jim

[J P Stein]

Originally Posted by on2wheels52

Full service premium at that. (quarter is 6.3 grams x $.92/gr = $5.80)
Jim

Well, like I said, PMs had a good day. Silver +3.37%. It may be gone tomorrow tho. The stuff is volatile....not for those with a weak heart.

Scroll down.

Current Melt Value Of Coins - How Much Is Your Coin Worth?

[RWebb]

Originally Posted by legion

You are correct Randy, but when prices have flattened out, as they have now, it can signal that the bubble is about to pop. The more convinced the financial media is that "this time is different", the closer we are to the day or reckoning.

agree that seems likely, but I don't make any bets on gold

[imcarthur]

Source: Kitco

Ian

[J P Stein]

Hummmm....the bubble is still bubbling. Silver is up over 4% so far today. $37 & change.

[red-beard]

My silver investment is up 50% since Jan 1st...

[J P Stein]

Originally Posted by red-beard

My silver investment is up 50% since Jan 1st...

It's good to be in the black.