Anybody buying silver or gold?

[FriscoProx]

Just wondering if anybody is buying silver or gold coins or bullion to hedge all this money that getting printed?

 

[opus]

Have looked into it. Gold is too pricey at this point, as well as too volatile. Was also looking at GLD [symbol] yesterday. Think its all too hot now. I think I am going to pull everything, which has lost 28% to date. I was told I should be celebrating because it is ONLY 28%. I am going to go with treasury bonds, just to hold onto what I have. I can then sit it out pretty safely, and watch what happens.

 

[H20SKE]

Nope

Buying guns and ammo---then I can take it!!


LOL

before they mark all of our ammo in 2011.

H20SKE...

 

[Meatman]

Nope

Buying guns and ammo---then I can take it!!


LOL

before they mark all of our ammo in 2011.

H20SKE...

hahah beat me to it

 

[Blu Du]

i sent all my unwanted gold and silver to CASH FOR GOLD. i'am so pissed i think they screwed me

 

[racingpit]

i sent all my unwanted gold and silver to CASH FOR GOLD. i'am so pissed i think they screwed me

I saw a thing on the news the other night about CASH FOR GOLD. Something about that company using salvage prices for paying people. Kinda fraud....ok, it is fraud.

 

[Fosgate]

Nope, Precious metals is a fairly volitile market and right now is the worst time to buy because it is so high. If you would have bought into them say 5-10years ago it would be ok and you would sell soon in todays market and turn a profit. Buy now and it has to go so much higher before you get a profit and you risk the current bubble to burst. Playing the market is similar to shopping on a budget. You only buy when it is on sale and right now precious metals are not on sale, they are selling for a premium.

 

[Fosgate]

Don't take your gold to these cash for gold places. They only pay you for what the slag gold is worth. You get more money by pawning them or trade at a jewlry store because they look at resale of the item, not just the melted weight of the gold.

 

[Blu Du]

i laugh my azz off every time i here that commercial. i wonder who would that stupid to send there gold in and get pennies back. what happens if you are not happy with the amount of money they give.

 

[Skogen]

I had some money in silver. Sold it not to long ago and picked up a New Kimber.