Posts by Casey Price2

lonehawk5 said:Just dropped $761 on some shares... figured I'd give the bulls a little boost🙂

If wishes were horses, you'd probably be riding one by now. 🙂

quiettrucker12 said:Here’s the reality check: if you already own physical silver, stop looking at ETFs altogether and just pick up some mining stocks instead. AGQ and USLV are leveraged instruments. They suffer from decay, which makes them terrible for a "buy and hold" strategy. Even without the decay issue, they're risky enough as it is.

I personally held AGQ for several months and managed to make a decent profit. So, I am not sure I agree with that assessment.

quiettrucker12 said:We’re just at the beginning of a two-to-two-and-a-half-year wave here. If you actually have physical metal on hand, go find a decent broker and split your buys three ways into mining ETFs like GDX, GDXJ, and SIL. If you’re leaning more toward silver, skip the GDX or toss in some SLV royalty plays. Then, you just sit tight until 2015. Or, if you want to get reckless—which could be incredibly lucrative if you don't mind the gamble—you take a "casino approach" and buy options on GDX with the furthest expiration dates available (I think we're looking at 2014 for now). Just don't bet more than you're willing to lose. The upside there? You could easily see 10x or even 15x returns over this 2.5-year stretch.

If you are set on using ETFs, then for silver, it would definitely be AGQ (x2) or USLV (x3).

wearyotter36 said:A 2.5% fixed rate???
Take it immediately if anyone offers you that—even if you have to move your money to another bank just to put it in a CD at 4% or higher. 😂

I'm looking into buying more, stacking cash, but this garbage keeps climbing.
Just waiting on when that dip/correction/manipulation/Ben—whatever we're calling it—finally happens so we can all fix our stacks. 😉

The correction is over. I'm not sure what everyone was waiting for all year while gold was just idling between $1,250 and $1,320 an ounce. And don't even get me started on silver—it corrected itself up to about $26 per ounce (not the spot price, but what you actually pay). I can't be 100% certain, of course, but I suspect we won't see gold back at $1,250 or silver at $26 anytime soon.

dustyheron5 said:Now I understand why there's been some confusion—😍 I was actually responding to Felga69's post, not yours.

As for the US market, I agree entirely... which is why I didn't bring it up in the first place.

I'm honestly not sure where you got the impression I was addressing you directly.😂

Friend, where on earth are you seeing any rims? 🤣

The government claims inflation is sitting at 4%. Honestly, I think they're just massaging the numbers to suit their own agenda. When you look at the actual cost of living—electricity is up 20%, gas has jumped 30%, public transit is up 50%, Duke Energy is eyeing a 37% hike, flour prices spiked 35% overnight, and don't even get me started on fuel... how can anyone talk about inflation being 6% or 7%? In reality, we’re already facing well over 10%, and things will likely worsen. I suppose it's better to prepare for what's actually happening rather than relying on official data that feels intentionally skewed. Besides, some of us remember the instability back in the days of the old South and what those inflation rates were like—the blackouts, the shortages, and all that. I wouldn't bet against a similar scenario playing out here.

Anthony Evans78 said:With banks sitting on at least four million properties in their shadow inventories, why wouldn't we expect prices to keep sliding for a while longer? 🙂

I would add that when the costs of absolute essentials—like food and energy—start climbing sharply, it seems unlikely that real estate prices will rise while people are struggling just to cover their basic needs.

Melissa Sanchez17 said:Take the stretch from 1982 to 2000, for instance. Is that enough years for you?
Gold is in a bull market, people!

Just like anything else, especially with metals: I suppose timing is everything.

Melissa Sanchez17 said:And what about the folks who jumped in when gold hit $1,900? 😉 Though, if you look at the gold-to-dollar ratio, they didn't really lose out on the precious metal itself.
In my book, gold isn't some magic hedge against inflation—though you can certainly make money on it if the timing is right. If you want a real inflation hedge, go buy luxury watches or fine art (just ask any crooked politician)😂

Sure, gold might crawl back up to $1,900, but I wouldn't bet my life that something like ExxonMobil stock is ever going back to its old highs $127 (you should probably check with Bakić on that one) 😍

To be honest, the dollar value of zlato doesn't really matter to me since I don't live in a place where the dollar is the primary currency. Both gold and silver have had their corrections, and it looks like they're mostly finished. You ask what happens to people who bought at $1,900? It's the same situation I faced when I was buying at much higher rates. At the time of purchase, it felt like the absolute peak. Then, suddenly, it wasn't. Metals aren't assets you buy for a one or two-month flip; they are investments held over years. In about two years, those who bought at $1,900 will probably be wondering why they didn't buy even more.

As for art being a hedge, imagine if heaven forbid there’s a fire and a painting gets destroyed. Your hedge is gone. Can your zlato burn?

Patrick Moore3 said:That bigger chunk of the middle class has to pay down those overpriced homes first... and that’s gonna take forever. The smaller group that isn't buried in debt sees an opening now since things are cheaper, but the memory of people getting burned on Wall Street is still fresh... so I’m not so sure how much they actually want to invest! Who knows? Just thinking out loud, trying to see the big picture.

You're spot on. Anyone who jumped into PM before last year is definitely up. But over the last twelve months, most are down while equity folks are up! It's not that I'm strictly against PM; back in 2007, I was looking at it and almost pulled the trigger on gold... If gold were a true hedge against inflation, I'd have 50% of my net worth in it, but with all the manipulation going on, I don't buy it anymore. My take now? Gold has nowhere to go but sideways or down for the reasons I mentioned. Am I right or wrong? Only time will tell.

I was picking up gold at around $950 an ounce through the end of 2010. Now the spot price is sitting near $1,350. At the same time, I bought silver at $21 and could sell it now for $31, though it isn't quite as liquid or easy to move as gold. I guess you could say I beat inflation, wouldn't you?