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Wow, hard to believe there has been only one post in this thread since last year. Update on my position: I purchased more BHP when it was near low at $15.8, so my combined average is $18.6. The ultimate low of this year was $14, crazy stuff. At it stands now I'm up 13%. I'm aiming to take...

The problem is that a lot of these individuals have significant stakes in precious metal dealers, Peter Schiff for instance. He is never going to say NOT to buy gold, because that goes against his base instincts to promote his own business. You need to find people that actually weren't shilling...

Something is going to happen, and it's going to trigger inflation. I don't know what, I don't know when, but it will happen and all the Wall Street banker types will push out of equities and into the safe haven assets. But first we need to bottom. My target for Gold is $900, and my target for...

I wet my beak with BHP last week, averaged myself in at $21.80, $20.80 and $19.80. So my average price is $20.80. Time will tell if it's a good capital gain, but the dividend is ridiculously high, even if they cut it. The low of 2008 was $17.90 or thereabouts, I'm hoping that holds this time...

5 year lows aren't that low though. In US dollars at least. If you wanted to be absolutely confident you were getting in on a bottom, you'd buy at the 2008 low. Gold and Silver both aren't at that level yet. If gold and silver goes below that point and stays there long term, we've all made a...

Realistically, most people here aren't going to using gold and silver coins as currency anytime soon. They are investments, so why wouldn't you take best care of your investment? If you wreck the aesthetics of the coin, it's worth slightly above spot. That's all.

The AUD and the metals move hand in hand, roughly. When silver and gold hits its low, the AUD will not be strong. That's why my plan is to buy domestic Gold/Silver miners.

So you essentially pay the dealer a 10%+ premium and then sell your silver back at spot price. Did the dealers pay above spot for buyback when Silver was in the 30s and 40s?

$25 is certainly a possibility, EU/USA vs Russia would have to heat up some more first though.

Well, considering he actually sold his silver at $45, I think he does have a good view on the silver market. I didn't sell my few KG at the time and I came to regret it when the price dipped into the 20s again. Time will tell if silver is a good investment at $24 (his rebuy in price), but I do...

Considering that we've had more than a 50% correction in the price of silver from 2011, I think it is fairly prudent to invest when the price is below $24. Gold has a long way to fall to reach this objective ($1900> $950). Now, does this mean that I think the bottom is in? No. Could we see a...

This is mainly an Australian centric forum, so you won't find much enthusiasm for firearms displayed here. That isn't to say there isn't any, but it's just not displayed. Hoarding ammunition in Australia is illegal anyway.

It's good that you're buying precious metals, but beware of some of the "gurus" on youtube. At the end of the day, Maloney operates a business so you can hardly receive non-biased information from him. It's like asking a winemaker whether his wine is good or bad. Buy silver as close to spot as...

You buy whatever is closest to spot. That tends to be large bars.

Use a scanner to take the pictures, it will bring up every detail.

What we have to ask ourselves is this: had the "new paradigm" phase been reached at $49 in 2011, or was that our "first sell off" stage and there is potential upside to the market yet? Silver has corrected almost 60% since the 2011 peak, from $49 to 19.50. A great deal of a correction. Gold...

Going off of the USD chart, we're nearing support levels we rebounded from in July. Interestingly, the AUD is only a few cents away from the lows as well. We're either going to rebound again in anticipation of the Fed's decision in the new year or crash through and reach a new low.

Here's for hoping we're in the first sell off phase, not the capitulation phase. All in all, we haven't had that hard of a landing. It has taken 2 years to get to these lows.

Silver must hold at $18. I think it got down to as low as $18.50 a few months ago. If we can't hold that point it could be a very rough ride down to $15...$10...

Or capitulation. The price at this point (at least from a monetary perspective) is entirely dependent on Fed actions. Taper or not to taper. As you can see with the silver chart, we've dipped to where silver was before the fears about Quantative Easing were emerging in the market in mid-2010.