Silver actually dipped below $16.00 the other day for a brief time. At the moment it’s around $16.30. To me, its time to buy. Is the price going to go even lower? Maybe..thats why I wouldnt spend all my money on it right now. And while I can’t be sure it will be going down further, I am confident that, eventually, it will be a good deal higher than what it is now.
When silver is limp, call the Pimp!
(Which reminds me, I need to redo my post about the Metals Pimp) Yay for cached versions!
Every time I post about gold-n-silver someone usually comments about “where can I go to get a fair price and ……”. So, I’m making this post and will wind up just putting a link to it in any post I make about gold/silver since folks always seem to want to know a good source.
So… my buddy runs Montana Rarities. He buys and sells gold and silver, as well as, sometimes, doing trades for them as well. (As in, you trade ‘x’ amounts of one metal for ‘y’ amount of the other.) He’s very knowledgable, a straight-shooter, and is far more easygoing and fair than a lot of people I’ve seen in this business.
When he started this business and was looking for ideas, I suggested a subscription plan where a person could set up a repeating transaction once a month and acquire gold or silver. He drafts your bank account for, say, $200 every 15th of the month (you pick the amount and the day) and on the 15th of every month he sends you $200 worth of gold or silver (whichever you specified) at whatever the rate was on that day. Basically, set it and forget it. Here’s a link to the page describing how it works. If you want to sock away some metal without the hassle of following prices, and dealing with shipping and credit card numbers every month, it’s the way to go…a fire-n-forget way of accumulating your stash of metals.
Is he a good value? Well, certainly he’s the best deal in town here. Is he the best on the itnernet? Beats me. I suppose if you order 5000 ounces at a time from APMEX you might get a better deal, but if youre going to be doing a bit less volume than that I’d stack him against anyone. In fact, I usually give him a huge ration of crap about how his premium percentages are smaller than pretty much everyone’s.
Now, sure, I’m biased. I’ve known him for years, and watched him start this business from the ground up….back when a $300 sale was reason to celebrate. Nowadays a $5,000 sale barely raises his heartbeat. Why? Mostly because a lot of those $300 sales turned out to be guys ‘testing the waters’ to see if he was a good guy to do business with. Once they did a few ‘nickle-n-dime’ sales with him and realized how great he was to deal with, the real money started changing hands. Can;t buy that kinda customer loyalty, ya gotta earn it.
Anyway, before you go plunk down your slowly dissolving greenbacks at one of the big-name guys’ websites, check him out and see if you cant get a better value from him. Even if the prices ‘tween the two are virtually the same, you’ll probably get much better customer service from him.
Originally published at Notes From The Bunker. You can comment here or there.
My metals-dealing buddy stopped by the other day and handed me a silver Eagle. Not known for his boundless generosity, I inquired as to what I had done to deserve such a coin. He said that “one of your readers” contacted him to do some purchasing and said to send an Eagle in my direction. Of course, he won’t tell me who it was since that would violate the customer/metal-pimp confidentiality clause. So, whomever it was that put that Eagle in my pocket, mucho thanks! After the economy collapses and I use it to procure desperate coeds to work in the Lingerie Proving Grounds I will be reminded of your generosity.
Originally published at Notes From The Bunker. You can comment here or there.
I’ve been so wrapped up with the gun stuff going on (and rightly so, I believe) that I completely overlooked the fact that silver has dropped below $30 and is, at this moment, right around $28.75…time to buy!
I’m fortunate that I have a buddy in the gold/silver biz (and, wow, has he been busy lately or what!) so he only gives me the mildest of dirty looks when I ask him to drop by the shop with just one or two silver rounds or Eagles for me. (Honestly, I prefer the rounds for the better value but the Eagles are probably more ‘recognized’.) It sucks that between the sputtering economy (and how are those job numbers these days, anyway?) and the gun control shenanigans it’s mighty hard to decide which direction to point my disposable dollars at. (Although, after typing the term ‘disposable dollars’, I think I’ve figured out where to point that wallet.)
Really, the ‘investment’ plan is really the same as it’s always been: gun stuff, metals, food. (Not necessarily in that order.)
I realize that there’s a certain demographic (a short-sighted one, in my opinion) that says “If you cant eat it or shoot it whats the point of it? When we’re all living in caves and eating our children no one will want your Eagles!” and thinks buying this sort of thing is a waste of time. That’s cool, I can respect that..I disagree with it, but I respect that you have an opinion. So take your money and buy more mags, ammo, land, guns, food, fuel, clothes, meds, household supplies, tires, and tools…because while we can disagree about the metals thing, I think we can agree that there’s virtually no point in holding onto anything more than a small amount of cash when it’s looking more and more like the only economic courses available to this country involve bank runs and inflation.
Originally published at Notes From The Bunker. You can comment here or there.
Well, that was fun while it lasted.
I can’t tell the future but, hey, it’s an election year with a lot at stake. Might be some folks are stocking up against the possibility of continued economic fail.
Of course, it could also drop back below $30 as people see ‘$30′ as their ‘sell trigger’ and unload a buncha the stuff. Who knows?
In the meantime:
Originally published at Notes From The Bunker. You can comment here or there.
Remember those pre-scored silver bars that let you ‘make change’ in 1/4 oz. increments? Turns out there’s also a version that does it in 1/3 oz. as well. My buddy the precious metals pimp got a bunch and brought a few by to show off. While I’d seen the 1/4 ones before the 1/3 were something completely new.
Really, it would seem to me that it makes far more sense to have something like that with gold.
Originally published at Notes From The Bunker. You can comment here or there.
Yay silver! A thoughtful gift from my buddy the PM dealer. Survivalist silver…..pre-scored so you can ‘make change’ o those transactions where a full ounce of silver is just too much.
ETA: It occurs to me that I should probably put some sort of link to where you can get some of these if youre so inclined.
Originally published at Notes From The Bunker. You can comment here or there.
My buddy the precious metals pimp (“You cant spell ‘pimp’ without ‘pm’”) came by today and flipped a silver eagle at me. Apparently someone in the viewing audience bought some silver from him and said to push an ounce in my direction.
So, thank you very much to the benefactor who has enabled me to add to my stockpile against that upcoming rainy day. After a tough day of beating back the infected unded it’ll be nice to be able to unwind by trading a silver coin for some refreshments and adult entertainment. Much thanks!
Come to think of it, my birthday is next month (on the seventh). Time to update the Amazon wish list.
