Silver and Gold Bullion, Yes Bullion

I still don't own any stock wallstreet, and haven't purchased any in my lifetime, thus far. ||Peace_5.gif' border=0>

I have no certs at home either.. just some precious metal and some spare change ||smiley_3.gif' border=0>

Wiz, I appreciate your insight..and I enjoy a good deb/discussion ANY time. And why havent you owned any stocks? Cant hide in the sand with your metals for the rest of your life!

"always have enough gold to bribe the border guards" old Art Cashin-ism ||an_roll_laugh.gif' border=0>

It's looking like purchase gold bullion day.||an_light.gif' border=0>

Its looking like a mess in all commodities today. Silver down about 20% from very recent highs..and they are warming up the sell machines in the market...nobody buying today.

BOT more PTQ at 1.75 today..

I picked up 2 shiny Canadian Maple Leaves yesterday wallstreet. ||Peace_5.gif' border=0>

Dont get drunk and take them to the casino! When I was running a restaraunt you would run into old coins from time to time..have stashed away a few gems years ago..

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gearing up for another Silver Generic Bullion buy tomorrow ||an_light.gif' border=0>

Another good site is sprott.com. John Embry's opinion is one I listen to.

Almost pulled the trigger today on more bullion purchases. On my own hunch I am waiting for tomorrow (Friday) to buy both Au and Ag, picked out a nice spot in the backyard to bury the stuff. ||cool.gif' border=0>

faisov will check that site out tomorrow at work ||Peace_5.gif' border=0>

VERY GOOD site, thanks for the heads up faisov.. linky

John Embry will be on ROBTV.com on June 13. His picks often get instant results, but I tune in to hear his views on the short- and long-term trends of precious metals. Bought a couple more coins this week at $630 and stuffed them into the mattress.

Nice job faisov, I picked up a few more myself today at $648, and happy with that price.||Peace_5.gif' border=0>

wallstreet: now would be a good time to buy bullion .. what can you lose on a few precious metal generic coins?

shit, melt a chain .. at the least scholar buy one 1 pure ounce of gold coin .. right now It will run you the cheapest in the past 6 weeks .. $610-$630. If you can nab a Maple Leaf do so .. ||Peace_5.gif' border=0>

Wiz, Big money seems to be exiting precious metals..so even if we think the bottom might be in, I aint going near the stuff knowing that hedge funds are exiting and are getting margin calls due to the selling. I think it goes lower...

I knew you would say that wallstreet and I read the same elsewhere .. there are obviously two avenues of understanding to our economy... what is fiat and what is global? But what you are missing is, I am not talking stocks, I am talking precious metals, and true value.. FcK ETF as well .. still talking that simple 1 OZ gold coin in your hand. Valued at around $610 today.. true value about 2K easy .. If you got a few hundred laying around buy one GOLD OUNCE COIN.. it might open your eyes to a different sprectrum of light. ||Peace_5.gif' border=0>

THE DOLLAR HAVING value is a manipulation of the current situation, and continues to be. GOLD will outstand the US Dollar, no nmatter what happens... I don't completely understand the cheaper price of GOLD BUllion and SILVER, right now, but I do understand common sense, and I am investing BIG in the CHEAP prices.. I like my chances better right now in bullion than I do in buying a house ||surprised.gif' border=0> NO JOKE, I like my chances better in Bullion Gold and Silver, than I do in buying a house.

If you have the time and patience, explain to me how investing in Gold, Silver, or Palladium bullion right now is a BAD investment ..3 years from now set as a benchmark..

some good prices available in bullion, right now .. and if I recall right nothing major will change until the end of summer ... Iran China and the U.K. are already flirting with converting their US (worthless) bonds to GOLD.. is all I read ... Yes the Gold price has dropped, but not dropped beyond March prices .. if you want to get in on the bottom hold on a little longer, but I am happy with what I am getting , when I can amass the cash for it, currently.. AGAIN, 3 years from now? what do you got?||clover.gif' border=0>

Wiz, I have a few problems with your thinking. I dont want to get in the way of your investing strategy because it works for you. We have talked about this before and I dont fundementally agree with what you are saying. I dont think there is a direct correlation between the weakness in the dollar and inflation to Gold/Silver/Plat..I dont agree with that. There is no real equation that says Gold should be higher because of dollar weakness or inflation. I dont think there is INHERENT demand to support even current prices in metals, so when my comment about big money exiting metals I am not meaning stocks. I am meaning the actual physical metal. I am not sure if you understand the ETF and what that means to the actual value of the metal because you made that comment about F the ETFs..did you know that when the net value of the fund is positive, they actually go out in the market and buy and own the metal? And when the net value is negative for they day, they actually have to go and sell the metal to fund redemptions for the day. So it isnt FUQ the ETF, the ETF is what fueled the spike in the price to a certain degree..funds and people could actually own the real metal, not like you in a coin or a a block of gold but they own the actual equivalent of the metal and I am not 100% positive but I think an investor can actually request the metal..but that is beside the point. I have never felt the need to own a coin or a block of gold to own the instrument..and we have differed with that point too. I dont see the tangible demand for the actual metal. I see demand for copper, I see a demand for plat, I see a demand for zinc but I dont see a huge legitimate demand for gold. It isnt a hedge like it used to be and at these prices it is too expensive for me. You were bullish on gold when it was over 700, now it has gone through a 20% correction in less than 2 months and I think it can go lower. There is no real gold standard anymore, the largest countries do not hold gold in reserves like in the past, the demand to me just doesnt exist so unfortunately for you, like it or not, hedge fund and mutual fund moneys cashing in on the ETF move, or margin calls on the silver or gold ETF will make the price of gold go down. Also, investors of size can SHORT gold and silver as a metal..and believe me if they think there is money to be made, they definately will. I dont want a hedge like gold..if I thought there was a tradeable bounce in the metal, then yeah I would buy the ETF, but I doubt in my lifetime I will ever own the metal outside normal ownership (rings, bracelettes etc) I dont mean to come off harsh but I really disagree with your thinking on gold and the need to actually own the physical metal. I dont think our economic system is going to crash in my lifetime and even if it did, I will have larger issues than my ATM not working if that happens.