Buy Gold and Silver, by Robert Gore | STRAIGHT LINE LOGIC

Posted by $ straightlinelogic 5 years, 2 months ago to Economics
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SLL likes buying low and Mr. Market has put gold and silver in the bargain bin. There’s no guarantee that they won’t go lower, but over the long-term, the lower the price you pay for an asset, the better the chance you have of making money. For those who have not put away any physical gold or silver, it would be a good idea to start now, while they are on sale. This is not a trading call, nor a recommendation to buy gold and silver company stocks, gold and silver ETFs, or gold and silver derivatives. It is simply a reiteration of a long-standing SLL recommendation to own some physical gold and silver, and to note that gold and silver have not been cheaper in five and six years, respectively.

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SOURCE URL: http://straightlinelogic.com/2015/07/20/buy-gold-and-silver-by-robert-gore/

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  • Posted by $ Flootus5 5 years, 2 months ago
    Indeed wise to own some physical gold and silver in hard possession. In 1998 I bought Au at $270. No other investment has matched that.

    But, something is happening, this can't be just because of relative strength of U.S. dollar against other failing fiat currencies. Or because China didn't "buy enough". What it shows the most, it is the least.
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  • Posted by terrycan 5 years, 2 months ago
    This is a good time to buy. I recommend 1oz silver rounds. They are a good value and will work for daily purchases. Gold is better for more expensive items.
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    • Posted by jimjamesjames 5 years, 2 months ago
      I've been accumulating silver for decades, have an average cost per ounce of about $8 (have some I got at $4) and figure when the SHTF, barter and and trade will be in silver more than gold. Besides, if the silver/gold ratio (currently 74:1) returns to anything near "normal" (16:1), silver will go up a lot faster than gold. 98% of my hoard is silver, 1 oz, 1/2 oz, 1/4 oz with a few 100 oz bars.
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  • Posted by NealS 5 years, 2 months ago
    Gold and Silver I know too little about.

    We all can come up with stories about stocks, my average share price for 3M was $19/share. Sold it in the $90 range to exercise my freedom to pay some capital gains taxes (before they jacked them up), bought a little bit more, and it's almost doubled again from there. I believe in Warren Buffet's theory, "Will the company still be around in twenty (or thirty) years?"

    Personally at this stage I'd still be more inclined to stick to real estate, but then again it's been pretty good to me. I don't have to worry about any of that anymore.
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  • Posted by $ Sgtill 5 years, 2 months ago
    Based on what I've seen over the last 50 year. Without any catastrophes, WWIII, Gold 800 Silver 10. Silver is some what of a wildcard because it has more industrial uses than in the past.
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  • Posted by tdechaine 5 years, 2 months ago
    The "experts" are saying that while there may be a bump up short-term due to China demand or ?, the longer-term trend is down - due to $$ strength, oil drop (which will be accelerated with the Iran deal), etc. That is probably a correct assessment - at least until another major event.
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