Feeling lucky Punk? Aussie blue chips are way down. Any takers? | |
Anonymous Coward User ID: 5505317 United States 11/24/2011 11:16 PM Report Abusive Post Report Copyright Violation | |
Zero Point
(OP) User ID: 3341144 Australia 11/24/2011 11:18 PM Report Abusive Post Report Copyright Violation | in a world where all fiat currency is on the verge of collapse...you think it is tempting to play in a rigged market? Quoting: Anonymous Coward 5505317 No thanks. Try food,weapons(sorry your an aussie cant have any),and precious metals. I'm working on the guns. The rectal exam is next month. I agree with you, but jeez, if we're wrong I'm going to feel pretty stupid if Billiton gets that percentage back and I missed an easy target. Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
Anonymous Coward User ID: 5505317 United States 11/24/2011 11:20 PM Report Abusive Post Report Copyright Violation | in a world where all fiat currency is on the verge of collapse...you think it is tempting to play in a rigged market? Quoting: Anonymous Coward 5505317 No thanks. Try food,weapons(sorry your an aussie cant have any),and precious metals. I'm working on the guns. The rectal exam is next month. I agree with you, but jeez, if we're wrong I'm going to feel pretty stupid if Billiton gets that percentage back and I missed an easy target. Try precious metals.Have you seen sales figures for last month? Try almost a year worth of mining in one month.Just Wednesday there was over 2.7 million ounces of silver delivered. [link to harveyorgan.blogspot.com] |
Zero Point
(OP) User ID: 3341144 Australia 11/24/2011 11:22 PM Report Abusive Post Report Copyright Violation | in a world where all fiat currency is on the verge of collapse...you think it is tempting to play in a rigged market? Quoting: Anonymous Coward 5505317 No thanks. Try food,weapons(sorry your an aussie cant have any),and precious metals. I'm working on the guns. The rectal exam is next month. I agree with you, but jeez, if we're wrong I'm going to feel pretty stupid if Billiton gets that percentage back and I missed an easy target. Try precious metals.Have you seen sales figures for last month? Try almost a year worth of mining in one month.Just Wednesday there was over 2.7 million ounces of silver delivered. [link to harveyorgan.blogspot.com] The thing that has always stopped me from buying physical is trying to get out later. The price difference between buying and selling is frigging ridiculous. Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
SilverPatriot
User ID: 1607242 United States 11/24/2011 11:22 PM Report Abusive Post Report Copyright Violation | |
Zero Point
(OP) User ID: 3341144 Australia 11/24/2011 11:23 PM Report Abusive Post Report Copyright Violation | |
Zero Point
(OP) User ID: 3341144 Australia 11/24/2011 11:24 PM Report Abusive Post Report Copyright Violation | No thank you it appears that the circling of the drain experienced by world economic systems are now gurgling and ready to go down the drain and the next few weeks are going to be ugly. Quoting: SilverPatriot Yeah, but if we're wrong?..... I'm going to be shaking my head sadly later. Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
Anonymous Coward User ID: 5736828 United States 11/24/2011 11:28 PM Report Abusive Post Report Copyright Violation | in a world where all fiat currency is on the verge of collapse...you think it is tempting to play in a rigged market? Quoting: Anonymous Coward 5505317 No thanks. Try food,weapons(sorry your an aussie cant have any),and precious metals. I'm working on the guns. The rectal exam is next month. I agree with you, but jeez, if we're wrong I'm going to feel pretty stupid if Billiton gets that percentage back and I missed an easy target. Good luck with the exam. |
Anonymous Coward User ID: 5505317 United States 11/24/2011 11:31 PM Report Abusive Post Report Copyright Violation | No thank you it appears that the circling of the drain experienced by world economic systems are now gurgling and ready to go down the drain and the next few weeks are going to be ugly. Quoting: SilverPatriot Yeah, but if we're wrong?..... I'm going to be shaking my head sadly later. What are you expecting to gain percentage wise?The stock markets are a joke.If you adjust for inflation(the DOW)has lost money over the last 10 years.How is that an investment?At the same time gold and silver are up a few 100% over the same 10 years. You can find places to purchase for 3% or less over spot.You can easily sell for 5% under spot.I do not see how it does not make sense.If your time frame is longer than a month any how.... |
Anonymous Coward User ID: 5505317 United States 11/24/2011 11:36 PM Report Abusive Post Report Copyright Violation | No thank you it appears that the circling of the drain experienced by world economic systems are now gurgling and ready to go down the drain and the next few weeks are going to be ugly. Quoting: SilverPatriot Yeah, but if we're wrong?..... I'm going to be shaking my head sadly later. From 1937 until 2010, the average inflation rate in Australia was 6.02 percent. [link to www.tradingeconomics.com] So take any fiat you gain from investments and realize you are losing on AVERAGE 6% of your initial investment every year.So a gain of 5%= a 1% loss on an average year in the Australian market. Silver on the other hand is up over 15% in the last year in Australia.Up over 166% in the last 5. Up over 1000% in the last 30. See my point? |
Anonymous Coward User ID: 1198503 United Kingdom 11/24/2011 11:45 PM Report Abusive Post Report Copyright Violation | |
Zero Point
(OP) User ID: 3341144 Australia 11/24/2011 11:45 PM Report Abusive Post Report Copyright Violation | No thank you it appears that the circling of the drain experienced by world economic systems are now gurgling and ready to go down the drain and the next few weeks are going to be ugly. Quoting: SilverPatriot Yeah, but if we're wrong?..... I'm going to be shaking my head sadly later. From 1937 until 2010, the average inflation rate in Australia was 6.02 percent. [link to www.tradingeconomics.com] So take any fiat you gain from investments and realize you are losing on AVERAGE 6% of your initial investment every year.So a gain of 5%= a 1% loss on an average year in the Australian market. Silver on the other hand is up over 15% in the last year in Australia.Up over 166% in the last 5. Up over 1000% in the last 30. See my point? Yes definitely. What's a good place to buy though, even if I buy 500 Oz Perth mint is WAY over spot. Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
The Balance
User ID: 1767013 United States 11/24/2011 11:46 PM Report Abusive Post Report Copyright Violation | |
Revbo™
User ID: 5975204 United States 11/24/2011 11:48 PM Report Abusive Post Report Copyright Violation | |
Zero Point
(OP) User ID: 3341144 Australia 11/24/2011 11:51 PM Report Abusive Post Report Copyright Violation | I wouldn't touch stocks with your money, ZP, but if you see a sure thing and you've got some money to play with, go for it. Quoting: Revbo™ 5 stars to counter your troll, BTW. Thanks Rev! Good to see you. Naah I walked with cash a couple of weeks ago, including selling an investment property JUST in time. I looked at PMs but It looked like a con job with the fees. Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
Revbo™
User ID: 5975204 United States 11/24/2011 11:54 PM Report Abusive Post Report Copyright Violation | I wouldn't touch stocks with your money, ZP, but if you see a sure thing and you've got some money to play with, go for it. Quoting: Revbo™ 5 stars to counter your troll, BTW. Thanks Rev! Good to see you. Naah I walked with cash a couple of weeks ago, including selling an investment property JUST in time. I looked at PMs but It looked like a con job with the fees. How much does it cost to ship UPS/FedEx to Australia? Nick's got some local guy in Georgia that sells at just barely over spot. Next time I've got some spare cash, I'm going to try him out. Last Edited by Revbo™ on 11/24/2011 11:54 PM John 8:32 And ye shall know the truth, and the truth shall make you free. |
Anonymous Coward User ID: 5987251 Australia 11/24/2011 11:55 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 5505317 United States 11/24/2011 11:56 PM Report Abusive Post Report Copyright Violation | I wouldn't touch stocks with your money, ZP, but if you see a sure thing and you've got some money to play with, go for it. Quoting: Revbo™ 5 stars to counter your troll, BTW. Thanks Rev! Good to see you. Naah I walked with cash a couple of weeks ago, including selling an investment property JUST in time. I looked at PMs but It looked like a con job with the fees. i just used google and in 5 seconds came up with at least 8 dealers selling at less than 3% above spot.One even selling AT SPOT...listed below.I agree on Perth it is a joke.They charge collectors prices on newly minted coins.Do not buy the collectable coins when investing in silver. [link to www.abcbullion.com.au] |
Anonymous Coward User ID: 5505317 United States 11/24/2011 11:59 PM Report Abusive Post Report Copyright Violation | |
xen
User ID: 1370380 Australia 11/25/2011 12:01 AM Report Abusive Post Report Copyright Violation | in a world where all fiat currency is on the verge of collapse...you think it is tempting to play in a rigged market? Quoting: Anonymous Coward 5505317 No thanks. Try food,weapons(sorry your an aussie cant have any),and precious metals. I'm working on the guns. The rectal exam is next month. I agree with you, but jeez, if we're wrong I'm going to feel pretty stupid if Billiton gets that percentage back and I missed an easy target. what's the colour of a 2 cent coin? |
Zero Point
(OP) User ID: 3341144 Australia 11/25/2011 12:10 AM Report Abusive Post Report Copyright Violation | I wouldn't touch stocks with your money, ZP, but if you see a sure thing and you've got some money to play with, go for it. Quoting: Revbo™ 5 stars to counter your troll, BTW. Thanks Rev! Good to see you. Naah I walked with cash a couple of weeks ago, including selling an investment property JUST in time. I looked at PMs but It looked like a con job with the fees. i just used google and in 5 seconds came up with at least 8 dealers selling at less than 3% above spot.One even selling AT SPOT...listed below.I agree on Perth it is a joke.They charge collectors prices on newly minted coins.Do not buy the collectable coins when investing in silver. [link to www.abcbullion.com.au] Yeah, I looked at ABC, what gets me though is the massive difference between their sale price and what they buy at. Where do you sell the stuff? Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
Zero Point
(OP) User ID: 3341144 Australia 11/25/2011 12:12 AM Report Abusive Post Report Copyright Violation | I wouldn't touch stocks with your money, ZP, but if you see a sure thing and you've got some money to play with, go for it. Quoting: Revbo™ 5 stars to counter your troll, BTW. Thanks Rev! Good to see you. Naah I walked with cash a couple of weeks ago, including selling an investment property JUST in time. I looked at PMs but It looked like a con job with the fees. How much does it cost to ship UPS/FedEx to Australia? Nick's got some local guy in Georgia that sells at just barely over spot. Next time I've got some spare cash, I'm going to try him out. I'll have to have a chat with Nick, he's pretty on to it, I'm a busted down builder. Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
Anonymous Coward User ID: 5505317 United States 11/25/2011 12:13 AM Report Abusive Post Report Copyright Violation | I wouldn't touch stocks with your money, ZP, but if you see a sure thing and you've got some money to play with, go for it. Quoting: Revbo™ 5 stars to counter your troll, BTW. Thanks Rev! Good to see you. Naah I walked with cash a couple of weeks ago, including selling an investment property JUST in time. I looked at PMs but It looked like a con job with the fees. i just used google and in 5 seconds came up with at least 8 dealers selling at less than 3% above spot.One even selling AT SPOT...listed below.I agree on Perth it is a joke.They charge collectors prices on newly minted coins.Do not buy the collectable coins when investing in silver. [link to www.abcbullion.com.au] Yeah, I looked at ABC, what gets me though is the massive difference between their sale price and what they buy at. Where do you sell the stuff? Personally I would find a local coin shop,but you have other options.Looks like ebay works well.The auctions ending now are well above spot. [link to www.ebay.com.au] |
Zero Point
(OP) User ID: 3341144 Australia 11/25/2011 12:32 AM Report Abusive Post Report Copyright Violation | ... Quoting: Zero Point Thanks Rev! Good to see you. Naah I walked with cash a couple of weeks ago, including selling an investment property JUST in time. I looked at PMs but It looked like a con job with the fees. i just used google and in 5 seconds came up with at least 8 dealers selling at less than 3% above spot.One even selling AT SPOT...listed below.I agree on Perth it is a joke.They charge collectors prices on newly minted coins.Do not buy the collectable coins when investing in silver. [link to www.abcbullion.com.au] Yeah, I looked at ABC, what gets me though is the massive difference between their sale price and what they buy at. Where do you sell the stuff? Personally I would find a local coin shop,but you have other options.Looks like ebay works well.The auctions ending now are well above spot. [link to www.ebay.com.au] Yeah, I thought so. Still interesting, but it's not the sort of thing where you can just sell up and buy a yacht! I started looking at silver at $27.00 It got up to $41.00 and I gave up looking, I might have to have a rethink. Thanks mate, very informative! Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
Anonymous Coward User ID: 5990212 Australia 11/25/2011 01:05 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 5505317 United States 11/25/2011 01:07 AM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 5505317 i just used google and in 5 seconds came up with at least 8 dealers selling at less than 3% above spot.One even selling AT SPOT...listed below.I agree on Perth it is a joke.They charge collectors prices on newly minted coins.Do not buy the collectable coins when investing in silver. [link to www.abcbullion.com.au] Yeah, I looked at ABC, what gets me though is the massive difference between their sale price and what they buy at. Where do you sell the stuff? Personally I would find a local coin shop,but you have other options.Looks like ebay works well.The auctions ending now are well above spot. [link to www.ebay.com.au] Yeah, I thought so. Still interesting, but it's not the sort of thing where you can just sell up and buy a yacht! I started looking at silver at $27.00 It got up to $41.00 and I gave up looking, I might have to have a rethink. Thanks mate, very informative! Here in the USA Comex was paying 3 dollars over spot for any amount of American Eagles.I am sure you can find a dealer there who will buy what ever amount you are selling at close to spot prices.The physical is demanding a premium here(and there by the looks of Ebay) With a little homework I am sure you could find a dealer. |
Anonymous Coward User ID: 5505317 United States 11/25/2011 01:09 AM Report Abusive Post Report Copyright Violation | ... Quoting: Zero Point Yeah, I looked at ABC, what gets me though is the massive difference between their sale price and what they buy at. Where do you sell the stuff? Personally I would find a local coin shop,but you have other options.Looks like ebay works well.The auctions ending now are well above spot. [link to www.ebay.com.au] Yeah, I thought so. Still interesting, but it's not the sort of thing where you can just sell up and buy a yacht! I started looking at silver at $27.00 It got up to $41.00 and I gave up looking, I might have to have a rethink. Thanks mate, very informative! Here in the USA Comex was paying 3 dollars over spot for any amount of American Eagles.I am sure you can find a dealer there who will buy what ever amount you are selling at close to spot prices.The physical is demanding a premium here(and there by the looks of Ebay) With a little homework I am sure you could find a dealer. Another good place to look is your local banks.Here my credit Union pays 1% below spot for silver and gold.Many banks do. |
Zero Point
(OP) User ID: 3341144 Australia 11/25/2011 01:22 AM Report Abusive Post Report Copyright Violation | Yeah, my super's getting hammered. I sold some blue chips before it slumped so I'm feeling pretty clever, but normally I'd be buying in now. I don't think I will... Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
Zero Point
(OP) User ID: 3341144 Australia 11/25/2011 01:23 AM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 5505317 Personally I would find a local coin shop,but you have other options.Looks like ebay works well.The auctions ending now are well above spot. [link to www.ebay.com.au] Yeah, I thought so. Still interesting, but it's not the sort of thing where you can just sell up and buy a yacht! I started looking at silver at $27.00 It got up to $41.00 and I gave up looking, I might have to have a rethink. Thanks mate, very informative! Here in the USA Comex was paying 3 dollars over spot for any amount of American Eagles.I am sure you can find a dealer there who will buy what ever amount you are selling at close to spot prices.The physical is demanding a premium here(and there by the looks of Ebay) With a little homework I am sure you could find a dealer. Another good place to look is your local banks.Here my credit Union pays 1% below spot for silver and gold.Many banks do. That's a new one on me! Thanks again, well worth a look if they take bulk. Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |
Zero Point
(OP) User ID: 3341144 Australia 11/25/2011 01:55 AM Report Abusive Post Report Copyright Violation | china manufacturing down last quarter 10%+++ Quoting: Anonymous Coward 5987251 and that is waht they admit to here it comes! Crap I missed this post! There go the miners... Last Edited by Zero Point on 11/25/2011 01:55 AM Another public service announcement from the Southern Hemisphere Information Leveraging Locus. |