Time to sell your physical and raise some cash

SpacePete said:
Can we get some causal factors that don't refer to bankster bag holders? Maybe gold will trend down (or up) but hopefully there would be some explicable causal factors we could look to that would go someway to helping us make future predictions.

Otherwise it's all waffle.
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Sorry, but it is not all waffle.

Wife has accounts trading gold futures here in Thailand based almost entirely on what I see in the CFTC-COT.

It has not been uncommon to call turns within a few days, but not always.

This is, however, only a short term indicator for traders, not something of much value for stackers looking to call long term moves.
 
cryptogld said:
I would always recommend taking it to a precious metal dealer. If it is coins or bars, then a bullion dealer is going to give you the better rates. If it is scrap gold (chains, rings etc.), take it to a gold refiner at your nearest gold centre. If not, you can try a jewellers. As a good tip, always ask what the gold price is and what premium they are charging you. You should never have to pay a personal commission and the premiums should be clear. Id suggest calling up a couple before to find their buying price for 9ct, 18ct etc.
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Good advice for people here in Thailand. Round trip costs at a reputable dealer, a member of the Thai Gold Traders Association...translate to about $6 an ounce for gold.

In the States, however, and probably most places, transaction costs are generally huge!

The dealers mostly have small throughput, large overhead costs, and aspire to large profits.

Guess where all that money comes from???????

They might not call them "transaction costs", maybe bid-sell spread would be a better term??

But if you ask them what they will pay you for something, and then ask what it would cost to buy it back the next day, you will probably be shocked (if they tell you the truth).

If you are convinced that prices are at a near term peak and you will buy the stuff back $3 an once cheaper in a couple of months, fine, screw the dealer. He will screw you given the chance.

Otherwise, best to sell to a friend at a higher price than what the dealer offers, but a lower price than your friend could buy anywhere else.
 
Just found out somebody stole all my silvers. The whole dang stack wiped out now I have no silver to sell again. Why oh why does this keep happening
 
leon1998 said:
The worrying sign came from Silver; which lost the US$17 handle several times. As the long term Gold-to-Silver-Ratio has started trending down, gold price collapse is a no-brainer. Gold is a hanging man on US$1200 handle. Banksters are desperately looking for bagholders; just take a look at weekly gold COT reports.

By the way, I would recommend buying crude oil futures; since Gold-to-Crude-Ratio is close to historic high, too.

Forget about stacking for 2017.
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Does that mean that I should invest on other valuable sources not just silver? I've some blog online about the silver. <link removed>
but if silver or gold goes down at the end of 2017, I guess I'll just start investing on bitcoin
 
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What if gold rebounds?

Watch it edge higher now as the North Korean crisis unfolds.

If a crisis hits, you'll be sorry for having a stack of cash and no PM's!

It might take a while, though...
 
I haven't been following Leon's threads for a few months now ...

I'm just wondering if he is still around, given gold just isn't doing what he 'predicted' ....
 
Nugget_Hunter said:
I haven't been following Leon's threads for a few months now ...

I'm just wondering if he is still around, given gold just isn't doing what he 'predicted' ....
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And I just noticed I haven't seen Space/Silver pete posting for awhile
 
leo25 said:
this coming from the person who said this :lol:
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It's good to see that Silver Doctors website is not the only one that gets bombarded with TROLLS. _JLG.
p.s. This is not in reference to you leo.
Sometimes you just have to feed the trolls silver.

ANOTHER TROLL_1_EXPLANATION.jpg
 
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