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Timberline Resources Corporation Message Board

akadavew 3 posts  |  Last Activity: Jul 30, 2015 5:43 AM Member since: Feb 12, 2008
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  • Reply to

    China, Russia, Greece, Puerto Rico, and Gold

    by ejinecer Jul 10, 2015 7:13 PM
    akadavew akadavew Jul 30, 2015 5:43 AM Flag

    I got in at $279 oz. years ago. In hindsight I should have sold at $1900 level and re-purchased, but I don't have a crystal ball. I purchased in the form of coins so there is value over spot price, but it is harder to liquidate. You have to be careful with my post because I tend to ask question which are actually a statement...or that I feel I already know the answer. It also keeps folks from debating. :-) The reason I asked your opinion on the time frame prediction is because I am looking to buy a miner. I may decide to invest $100K plus in this miner. I realize it's almost impossible to time the market, but we can get a feel for it. With this miner there is more opportunity to the upside than just the price of gold. Even if gold goes lower, the miner could appreciate. IMO it was not China that caused the $50 drop in gold. Look to the FED and BIS.

  • Reply to

    China, Russia, Greece, Puerto Rico, and Gold

    by ejinecer Jul 10, 2015 7:13 PM
    akadavew akadavew Jul 30, 2015 4:31 AM Flag

    Not going to get into the debate, but ejinecer I see things your way. Clearly you know the game. Do you think that China just might be wanting to accumulate gold at a cheap price.? Is it not it advantageous for China to report below consensus gold holdings? I'd also think that before they present their case for the Yuan being a reserve currency, they would want to put on their best face...a large gold reserve would look good.

    ejinecer, in regards to time frame, what do you call short, medium, and long term for gold? i.e. if you believe gold will be down in the short to medium term, how does that convert to weeks, months, years??? I can see both sides to gold, gold has very little use...but the world has given it a use, it is what we all have decided to use for exchange when currencies collapse. And we have to use something. Bartering only works to a certain point. Every day more gold is mined but there is not a unlimited supply. I'm pretty sure more cotton fiber paper (dollars) can be produced than gold and since that is the case, gold has to have more value. Unless of course you are freezing and need a fire or you run out of toilet paper.

    Sentiment: Hold

  • Reply to

    i can only hope to break even

    by dreamingtobreakeven May 13, 2015 11:19 AM
    akadavew akadavew May 14, 2015 2:18 AM Flag

    Dreaming, I don't know your financial situation, but you are down so much now, you might as well roll the dice. Low or high oil can cause plenty of world issues, it's that sweet spot in oil prices that brings stability. Everyone pretty much agrees the market is due for a correction, but everyone pretty much agreed on the same a year ago. TVIX will probably reverse split even if there is no change in the market. A reverse split will not be good for you. If you don't need the money that is left in TVIX, then I'd just roll the dice, and hope for a large market correction. Just make a decision at what price you want to get out. The odds are greatly against you ever getting 100% of your investment back. By the way, TVIX is not a stock...I keep hearing this from people. You have to do your due diligence. Despite being able to blame others, ultimately the fault is our own. I'm sorry for what has happened to your investment.

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