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Who is buying Precious Metals?

Discussion in 'BlackHat Lounge' started by stharthjw6j, Nov 5, 2014.

  1. stharthjw6j

    stharthjw6j BANNED BANNED

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    PMs are going down and gold is really tanking. Good time to buy, rule of thumb is to buy when everybody shits and hates on it (now), and sell when everybody is Empower Network-level cultish over it, which it was in 2011.

    Make sure you dollar cost average each month whatever the price is. I don't think we've seen the bottom yet though. Don't ask my predictions though, you've got to get your own radar for this.

    The US has a lot of local coin stores you can buy from, Brits are better off buying online.

    Just trying to help, any questions let me know.
     
    Last edited: Nov 6, 2014
  2. stharthjw6j

    stharthjw6j BANNED BANNED

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    Guess no one wants to know lol. Mods can you move this to the Make Money forum, I think this might be better over there. Thanks.
     
  3. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    pm=private message

    just by the title, at first i thought you're offering some kind of pm spamming service lol and it took me some time until i figured out that you're referring to precious metals, maybe next time try to write a better thread title if you expect answers :p
     
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  4. abhi007

    abhi007 Jr. VIP Jr. VIP

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    I dont get the point of this thread getting moved to the MMO section but yes it does belong to the lounge :)
     
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  5. DanTe_0101

    DanTe_0101 Senior Member

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    whats a PM?
    15char/
     
  6. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    quoting myself :)

     
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  7. sbndnb

    sbndnb Regular Member

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    Honestly if I had the cash to spare I would, I have friends stocking up while they can.

    Ps: PM 40 Tokens, C2C 99 Tokens
     
  8. stharthjw6j

    stharthjw6j BANNED BANNED

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    Sounds fair enough, I've changed the title.

    Or at least I thought it's changed, it's not showing up for some reason.
     
    Last edited: Nov 6, 2014
  9. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Fixed it for you.
     
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  10. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    In my opinion, buying gold is a very good wealth strategy only if you're thinking very long term.
     
  11. shanna_doll

    shanna_doll Power Member

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    If you have enough money to put on 'freeze' it is a good idea...
     
  12. stharthjw6j

    stharthjw6j BANNED BANNED

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    Thanks jazzc. Yeah this is definitely a long term strategy, the first priority for it should be as a hedge against hyper-inflation. Silver has decent potential too because it's an industrial metal. Somewhat more volatile though.

    Right now the gold-silver ratio (GSR) is such that buying silver would be a good time if you're just starting out. Right now the GSR is about 75:1, whereas about 45:1 is the rough even point. Silver is at $16 an ounce, it was $50 an once 3 years ago. Remember the rule, buy low sell high, and be patient.

    If you're risk averse, consider gold instead of silver.

    There's also platinum and palladium as good PMs.

    But bottom line is DYODD, do your own due diligence.
     
  13. I-marketer

    I-marketer Regular Member

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    I will consider buying as soon as gold breaks below $1000. But you never know how far can it drop.
    Gold is not a good investment because when investing, you need to know both value and price. In this case you know only the price.
     
  14. somedevil

    somedevil Jr. VIP Jr. VIP

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    Gold ! Definitely. The best buy in my opinion.
     
  15. Capo Dei Capi

    Capo Dei Capi Power Member

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    I've been interested in investing in gold and other pm for a while now, but I think I'll wait until I have enough to own one or a few cash for gold businesses as a side project. I've heard they can buy it from people for as low as 15% of the value per gram/k, and usually no higher than 30% of the value per gram/k.
     
  16. stharthjw6j

    stharthjw6j BANNED BANNED

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    Getting in the game is the main thing, even start by getting a silver round for $15, once you're in the game, you're in the game, and you can go from there.:)
     
  17. Money Over Morals

    Money Over Morals BANNED BANNED

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    You don't believe in the court system, but you believe in gold?
     
  18. chaabanov

    chaabanov Regular Member

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    I second that, gold is a great long-term investment
     
  19. pitbully

    pitbully Regular Member

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    I had no idea gold and silver values were dropping. That's pretty exciting. Can somebody tell me what the "authority" is for gold and silver prices? I want to keep an eye on the prices
     
  20. stharthjw6j

    stharthjw6j BANNED BANNED

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    Do you mean the latest price charts? There are loads, Bullion Vault is a good one https://www.bullionvault.com/gold-price-chart.do
     
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