Saturday, December 31, 2011

SP500 vs Gold


Here you go mr "buy sp500".     Keep in mind, when the dow jones index = the price of gold, that is when I will be exiting gold/silver.  My guess is 2017.



How come you didn’t tell me to buy feeder cattle on jan 1st and sell it yesterday?  This is the perception of the graph, I know of know one who buys on jan 1st and sells on dec 1st.  http://www.finviz.com/futures_performance.ashx?v=16



Buy silver!   Only $2.49 over spot!   Again, the lowest silver can drop to in the next month is the 2008 high of 21.40.    Pull this post up in 1 year and you will be looking down at these prices as a bargain.
http://www.goldmart.com/bullion-1/silver-bullion/american-silver-eagles-2012-prior/2012-1-oz-american-silver-eagle-20-coin-tube.html

Wednesday, December 28, 2011

Silver Coin Premiums


With the paper silver market trading around $27.50, the premium over spot price of a Silver Eagle Coin is $2.89 I still cannot convince people to buy.
The lowest price silver will go is the 2008 high of $21.44. The mistake in thinking you will get that price is:
A - It is not a fact it will get that low.
B – The price might happen overnight. (can't buy while you are sleeping)
C - I expect the premiums to increase.
Example
$24 silver with a $3 premium = $27 per coin
$22 silver with a $5 premium = $27 per coin
The only way to "catch" the low is with a futures contract and the SLV ETF of the price occurs during regular trading hours. But, this is for trading and not physical.

Thursday, December 15, 2011

$200 Gold Coupon

A $200 drop in the price of gold in USD in the past week.   Pretty amazing. 1760 to 1562.   I see this as a $200 coupon for the last chance to buy sub-1600 gold and sub 30 silver.

click on chart to enlarge