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Your PM story?
Heh. Was just thinking about this today totally out of the blue. I make this thread with the intention we show our individual history's on how we got into the game.
I think I was maybe 10 the first time I bought a silver bar, I thought it was really cool. I'm 26 now. Maybe in the middle of last year I just got a strange urge to get into collecting coins. When I was younger I had got some coins, but this time I wanted to get into the British stuff, so I started checking the book at my local coin and bullion place. So I started by buying this florin. Its a Victorian mid 1800's florin. After I bought it, I kept staring at the thing. I thought it was awesome. So I had to go back and get something else. This followed with me buying another florin, then I ended up buying a half crown, and then a crown. At about this point I just started looking at silver in general, and the addiction began. This followed by me buying my first bar in ages, a 1 Oz. Engelhard, which I thought was really cool. I also bought a silver round as well. Then I just started to buy rounds and bars, and then grabbed a 5 and 10 oz bar. Now mind you, I'm not the trader type person. I buy stuff just because I like it for its beauty, and I adore my collection of it. It is the reason I also buy old defunct USA currency, because it just serves as a personal art to me. I guess, that to me is what makes me really happy with my interest, and whatever value it incurs only matters so much. Whether its as simple as a generic round, or even generic bars. I also buy repeats because I just have a interest in silver. There is so many cool and unique printed rounds and bars out there. The fun is just seeing what stuff comes in. Even if I'm spending more then I should be, some stuff is just so cool, I can't pass it up. A example is a 2 ounce silver proof copy coin of a old gaudens gold eagle. I never saw that for sale again, so when I bought that, it was a cool find, to this day I haven't stumbled across another, and the only way I found another was through the net, and the ironic thing is that it was selling at a ridiculous price. |
Re: Your PM story?
Even though I bought a few PMs starting in January 2007, I seriously started collecting '70's SABs in August 2008 and I got hooked ever since. I am not a stacker and I am not a trader. I am not an investor. I am a collector and I buy '70's silver art bars for the beauty and because I like collecting them. I like looking (and fondling) my collection and I have that desire to collect more '70's SABs and to learn more about them.
When I have extra FRNs to spend on silver, then I go to my local coin dealer to see what '70's SABs (if any) come in. That always gets me excited. When I go to coin shows, then that makes me even more excited because I never know what '70's SABs I will find. When it comes to buying PMs, I am a collector first and everything else is a distant second. |
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Anyone who's had a handful of silver or gold knows that feeling is something special, and you almost never want to even sell because you realize you own something that is a finite resource. It also has massive history. :4_8_4v: |
Re: Your PM story?
I found the M1 M2 M3 figures from 1959 to 1990.
Did the research back to 1914 - to approx. it now because TPTB keep it top secret NOW! 1914 = 15 Billion gold = $20 1930 = 30 Billion gold = $20 undervalued 1940 = 100 Billion gold = $35 to $50 coin 1959 = 300 Billion gold = $65 coin undervalued 1970 = 610 Billion gold = $65 coin undervalued 1980 = 1830 Billion gold = $900 coin overvalued (should be $550) 1990 = 4100 Billion gold = $450 coin undervalued 2000 = 6600 Billion gold = $275 coin way undervalued (750,000 tungsten bars made of 400 ounces each) 2010 = 18,500 Billion* gold equals $1150 coin way way way undervaled * = Amended to probably $23,500 to $28,500 BILLION ("because of goldrunner's remarks gold-eagle.com" - they really covered some serious problems - there is also another 100,000 BILLION in the wings.) Do the math - gold and silver are the only real money - period. ************************************************** **** Mathematics and ratios that's the entire VALUE story plus ADD inherent worth - & 6,000 years of Bible (Genesis 2) and Human history - and gold and silver are the ONLY real money - period. No brainer slam dunk pickin' apples in the barrel easy as pie don't be stupid it's the money stupid. By the way they just added 2000 Billions today and reselected BUBBLE BEN BURN the CURRENCY BERNARKE as the FED Chief for A real Bummer. So a $20 gold piece in 1914 with 1/3 the US population then SHOULDA WOULDA COULDA be worth today - playing the TRIPLE jeapordy song - $@#@!@$^&**^$@#@# = $20 find X _______ ratio _________ = :thumb.aspx::signs14: 15 Billion 20,000 Billion More than I could count!!!!! MUCHO DENARO... |
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My PM story:
Buy and hold. Repeat. The End. |
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In early 2007
I first bought some gold maples and eagles for the common reasons then I got some silver eagles for some diversity then seemingly out of nowhere I fell in love with silver and got some maples, libertads, philharmonics, lunars, franklin halfs,and some random bars then I went absolutely coocoo for kookaburras then I bought some gold and silver mining shares and their prices went straight up and... I then turned into a big f@#%ing greedy bastard then I bought more shares, and more, and then some more and then their prices all crashed and I felt kinda stupid and then they came back up and I felt less stupid and who knows how stupid I'll feel in the future but I'm still greedy and have no better ideas and I'm still coocoo for kookaburras now waiting for the 2011's and waiting for the rest of US to fall for silver |
Re: Your PM story?
Had a silver filing in my tooth, the rest is history.
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I understand your enthusiasm, however, postings should be kept to generalities.
Don't forget, the Alphabet Soup agencies are watching and listening. Generalities and History lessons (you paying attention here H.S?) should be the order of the day. There is one possible exception. Buy a boat that will probably sink on it's maiden voyage (with all the PM's that you just got done hauling all the way down to the dock for ballast). :smile: |
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Pimples, nice story, I'm sure at times maybe it didn't feel so good waiting. Though in the end you were rewarded well. So from a contrarian view what are you looking at now that no one wants? |
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Re: Your PM story?
goldrunner) Jan 30, 23:54
Gonna have a recession at some point in time? Personally, I think we are in the midst of a depression, but it is a stagflationary depression- something nobody has ever seen, before. Thus, everybody tries to look at the situation using the "usual indicators", not realizing that everything you look at has been morphed into something completely different. The usual indicators and barometers won't work because they have all been messed with so you cannot use them. Just a couple of examples are the CPI numbers that have been grossly distorted by the use of substitution and hedonics, and the M3 which has been removed from site, but additionally the one distinction that creates the M3, credit that takes the characteristics of money, has been created in enormous amounts through an unusual mode that nobody is considering in replacement M3 numbers. That credit is the massive amount of credit that the Fed has extended at the begging bowls by swapping Treasuries for worthless derivative products. The worthless derivatives will no doubt be monetized by the Fed over the coming years.........that is big-time Dollar inflation. The question of when and where will the Fed monetize more debt is no longer a question. As Greg Hunter writes in the link, below, the govy has already announced that it will be taking on all of the losses of Fannie and Freddie for the next 3 years. Greg writes that the amount of debt the government already is taking on is somewhere around 10 trillion- and amount that can only be monetized. Plus, Greg writes that the probability of the govy taking on tens of trillions more over the next 3 years is a foregone conclusion, if not on the light side. All of that debt will have to be monetized, and Greg posts the chart of ARMS coming due into 2012 as the motivation for the above. Thus, the govy has ALREADY agreed to take on and to monetize some tens of trillions of F and F debt into 2012. That still leaves out more massive debt that will have to be monetized in terms of the new healthcare issue, unfunded Social Security, unfunded pensions both govy and private, etc, etc, etc. Why for 3 years? I don't think there is any question of why the government picked 3 years. In that three years the govy knows that massive numbers of ARMS will re-set, and that the holders cannot afford to pay the higher re-set numbers. Yet, the real pick of the 3 year time-frame, IMO, is that the "cycle" for Gold to go parabolic lies in that time period so the govy knows that they can only "inflate away all of this debt on a one time basis" into the cycle where Gold goes parabolic to "balance the budget of the USA." Any debts not on the govy balance sheet by that time will not be inflated away by Gold's massive parabolic trajectory higher, based on the amount of Gold the USA holds at that time. This is just another "re-set" of the constant paper currency system that we periodically see occur through history as paper currency is constantly revalued lower in terms of "value" to inflate away all of the debts of previous decades. It is only a question of "how high will Gold need to rise in order to balance the budget- since there are so many huge debts the government will still have to take on. It will all be monetized and inflated away, and they can do it because of 2 things, IMO. #1....Most other countries have no choice but to do the same thing........called Global competitive currency devaluations as I have always stated. #2.......There is a time component in place, and they only need to make it to "the start of #1 in earnest", and that is less than a year, away. Time cycle being taken from the Fractal Comparison to the late 70's Gold parabola- a comparison that has been playing out almost perfectly since early this last decade. There is no "theory to it" as the govy has already shown its hand in terms of contracting to take on all of the Fannie and Freddie debt. http://usawatchdog.com/fannie-freddie-and-gold/ This is no longer about inflating the Dollar through the FRB multiplication system to force inflation. It ia all about monetization of debt creating massive Dollar inflation to inflate away debt by devaluing the USD. And, the tainted USD pricing scheme against baskets of other currencies going into Global competitive currency devaluations will support the price of the USD index pricing scheme, just like it did back in the late 70's. Yet, the "value of the USD" will be diving- just not as fast as the currencies of other countries who are behind the curve. Look at the Dollar index in the late 70's. The Dollar "looked fairly stable" while Gold went parabolic..........that was all fiat pricing scheme smoke and mirrors because the Dollar's value was really falling hard. BTW, I could not open your link to see what was written, there. Take care.............GR. |
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Re: Your PM story?
I need to get a clearer head than I have right now before embarking on the journey...replying to keep in my managed threads.
Thanks for the post. :) |
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It started recently for me. I went down to Louisiana with my grandma to help clean out my Great Grandma's house. Her dad had done some coin collecting back in the day and she gave me his old stash. About $23 in nickels, 30 pounds of wheat pennies(sarcastic, but it is a lot) and about $10 in 90%. I did some research and found that the 90% was worth a lot more than I had expected. Which led me to here where I lurked for a few months. I got the need to, more of a curiosity to buy a silver bar. For some reason I was thinking that they would be these massive things like a brick. I went to Apmex to satisfy my curiosity, and bought 2 bars and 2 1/2 rounds. I remember being really upset at the size yet taken in by the shininess and the sound of the bars. I felt like the richest man in the world, also like a pirate and scrooge McDuck all rolled into one. That was it, Ive gone from 3 ounces to 45ish plus some gold in like 4 months. I can't help my self, and I am doing it on a pizza shop and student salary.
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Re: Your PM story?
Back when I bought silver dollars in the local banks for one paper dollar. They were a lot more fun to play with and count than greenbacks.
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My uncle has a gold mine in Idaho, went there with him last year, and we almost froze to death in a mountain storm, shot an elk and ate the loins, shot a mountain lion off the carcass the next day and it took 10 gallons of gas in a chainsaw to free the sluice boxes he built thirty years ago. But I digress, it was him who got me into gold, go back 20 years ago, after he had worked the mine for 10 years during the summer, he showed me 2 shot-put sized balls of gold that had been refined, I would estimate they weighed 10-12 pounds each. Left quite an impression on me. He was a money-grubbin, gold-buggin, whiskey drinkin, rattlesnake but he took a liking to me and got me started and thats my story.
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