Is it time to buy silver and gold? - GoFuckYourself.com

Choker · 09-23-2011, 04:06 PM

IDK, Silver closed at $30.98 today. Gold biggest one day drop in 5 years

Konda · 09-23-2011, 04:10 PM

Like 1.5 / 2 yr ago someone posted here about buying gold and no one took him serious

Buy as much as you can and come back to this thread in 2 years.

It might not be the most profitable investment, but it will be the most risk-free

JP-pornshooter · 09-23-2011, 04:29 PM

dropped 8% in 3 days, lot worse than the stock market.
might be a good time to buy..

DudeRick · 09-23-2011, 04:53 PM

Good luck catching that falling knife.

Choker · 09-23-2011, 05:19 PM

Quote:

Originally Posted by JP-pornshooter

dropped 8% in 3 days, lot worse than the stock market.
might be a good time to buy..

Thought it was more. It's 30.98 right now

Choker · 09-24-2011, 07:34 AM

People are paying at least $5 above spot on ebay. Stupid or what?

meka2003 · 09-24-2011, 07:50 AM

Yes, BUY TOMORROW and sell in to 2-3 days. Seriously

slapass · 09-24-2011, 08:03 AM

Good time to buy stocks and real estate but gold and siver have probably gone no?

oscer · 09-24-2011, 08:05 AM

I dont know ... Just took possession of 10k of Scrap computer memory for the gold and silver content and i was lucky i bought it from an idiot or else i would be hurting with the large drop ....

sperbonzo · 09-24-2011, 08:13 AM

About a year and a half ago I was telling people that gold will go through a big drop and then in 6 to 12 months it would go way way WAY up, and when it did, it would mean we were going to be in for some VERY hard times. I was hoping that this wouldn't happen, but now I'm afraid that it will and it's going to be ugly. We ain't seen nothin' yet.

.

meka2003 · 09-24-2011, 08:31 AM

Silver dropped almost 50% in one day
http://stockcharts.com/c-sc/sc?s=AGQ...28644418&r=846

BIGTYMER · 09-24-2011, 09:00 AM

Spot is for 24k pure gold. Gold nuggets aren't 24k but buyers pay a premium for nuggets do to their rarity. Most of the nuggets I buy on ebay are between 16k and 20k. If I ever want to sell I can just melt them.

Jack Sparrow · 09-24-2011, 09:42 AM

Buying a train on the edge of the mountain slope.
Marvelous...

VikingMan · 09-24-2011, 10:22 AM

Quote:

Originally Posted by Jack Sparrow

Buying a train on the edge of the mountain slope.
Marvelous...

Are you talking about the US dollar? Yes I agree. It is very liberating to actually own a few rolls of shiny metal because it has actual value and is not backed by a government controlled by thieves and the whores who serve them. Most people who promote metals are not suggesting you sell everything and put into gold or silver but it is wise to have a little bit. Most people still do not own any.

u-Bob · 09-24-2011, 10:36 AM

That was to be expected. The Fed tried to flatten the yield curve by selling shortterm debt and buying longterm securities. Their "possible 'significant risks' to the US economy" statement, combined with the negative news from China, the news about the Greek situation, the comments by the ECB chairman about the possible collapse of the Euro and you've got yourself a selling spree.

Now throw in some leveraged hedgies with balance sheet pressures and you've got lots of people selling of their gold positions to raise cash or meet margin calls in other markets.

Long term prediction: gold will continue to go up.

Short term: difficult to say, the need for cash in other sectors and the recent uneasiness may cause gold to drop some more.
On the other hand, there's plenty of people who've been waiting for an opportunity like this to stock up on physical gold (especially the Indians and the Chinese) and this would cause pm prices to go up again.

Jack Sparrow · 09-24-2011, 11:14 AM

Some other directions this can go:

- unemployement levels increase
- people have less to spend
- they realise theres no cash left
- they cant pay groceries with gold
- they realise they spent their savings on gold
... Or they get impatient and want to buy shit...

... They think shortterm, cash in their gold cheap, and prices drop.

facialfreak · 09-24-2011, 12:39 PM

I called this silver correction almost 2 weeks ago, except I forcasted it would go to about $34.00 .... and I advised my clients to wait until it got as close to $34 as they could ...

The fact it went to $30.98 just means that those of us that were anticipating the correction, can buy that much more now!

Choker · 09-24-2011, 01:24 PM

Quote:

Originally Posted by facialfreak

I called this silver correction almost 2 weeks ago, except I forcasted it would go to about $34.00 .... and I advised my clients to wait until it got as close to $34 as they could ...

The fact it went to $30.98 just means that those of us that were anticipating the correction, can buy that much more now!

Yeah that's my thoughts exactly. I'm trying to buy as much as I can on ebay, but fucking idiots are bidding up to 35 and even more. I'm buying 90% junk us silver coins and my absolute max above spot on this is 5%. But for every 10 bids on ebay I make at this 5% above spot 9 of them I get outbidded on. People seem willing to pay $35 a ounce even though its at $31.00 right now.

Houdini · 09-24-2011, 01:41 PM

Choker, you'll never pay spot price for physical. There's always a premium, especially for coins, but you'll also get a premium (not as much) when you sell, so it works out pretty close. On a lot of PM forums, people are saying coin shops are sold out all over the place, so the premium increases as physical shortages also increase.

Probably the best place online is http://www.tulving.com/goldbull.html Site looks crappy, but they have the best prices, are totally legit and you get free overnight shipping.

INever · 09-24-2011, 01:47 PM

From 10 to 50, you're looking at a Fibo retrace of 62% to about 26, unless 30 was the spike low for a 50% retrace.

If the bears stay in control to 26 and bulls cannot get control there, then the next level down is 22, then 18.

Houdini · 09-24-2011, 01:48 PM

Also, if you're dead set in buying, don't blow all your wad right now. Tuesday is Comex options expiration and I'll almost guarantee they're going to beat the fuck out of it on Monday and Tuesday. I have puts on SLV and plan to sell into expiration.

Sunny Day · 09-24-2011, 01:50 PM

There is no telling if these are minor corrections, the beginning of a great rush or the end. But they are called economic cycles. Just look up Wikipedia for the Silver Panic of 1893. It also happened in 1873. Thing is now, everything is magnified by the Internet.
Joseph Kennedy, (JFK's dad), sold all his stocks before the '29 crash. his quote was "when the shoe shine boys give stock tips, it's time to sell."
Zoom to 1980, the Hunt brothers want to corner the silver market. Silver went to (don't quote me), about $40 per ounce. When metal prices get too high, everybody sells grandma's silverware they inherited, and unprofitable mines, suddenly open and work overtime. There's more metal than fools.
Quit looking at porn long enough to read one book on economics. Gold & silver may be over or have a long way to go. Same as Bitcoins. But you are playing a game of Musical Chairs. Sooner or later the music will stop.
Didn't say there was opportunity, just be aware of the risks.

INever · 09-24-2011, 03:04 PM

Quote:

Originally Posted by Sunny Day

There is no telling if these are minor corrections, the beginning of a great rush or the end. But they are called economic cycles. Just look up Wikipedia for the Silver Panic of 1893. It also happened in 1873. Thing is now, everything is magnified by the Internet.
Joseph Kennedy, (JFK's dad), sold all his stocks before the '29 crash. his quote was "when the shoe shine boys give stock tips, it's time to sell."
Zoom to 1980, the Hunt brothers want to corner the silver market. Silver went to (don't quote me), about $40 per ounce. When metal prices get too high, everybody sells grandma's silverware they inherited, and unprofitable mines, suddenly open and work overtime. There's more metal than fools.
Quit looking at porn long enough to read one book on economics. Gold & silver may be over or have a long way to go. Same as Bitcoins. But you are playing a game of Musical Chairs. Sooner or later the music will stop.
Didn't say there was opportunity, just be aware of the risks.

When the music stops it's gonna be awfully quiet.

Deej · 09-24-2011, 03:09 PM

7 months late

Choker · 09-24-2011, 05:10 PM

Quote:

Originally Posted by Houdini

Also, if you're dead set in buying, don't blow all your wad right now. Tuesday is Comex options expiration and I'll almost guarantee they're going to beat the fuck out of it on Monday and Tuesday. I have puts on SLV and plan to sell into expiration.

I think next weeks market will be dictated by what the EU says they are gonna do about Greece.

Jakez · 09-24-2011, 06:49 PM

Could someone explain why you'd want to buy gold in the first place? I know it holds it's value and is the least risky of investments, but I could turn a better profit just gambling $50 here and there on stuff until I find something that works. Why hold up $10,000 in something for years just for a couple grand profit?

$5 submissions · 09-24-2011, 07:16 PM

Say HELLO to the double dip recession. Once ITALY goes tits up, its GOODNIGHT, EURO, HELLO YEN.

There is a silver lining (pun intended) in all this... the return of the gold standard (or money being backed up by real world value)

Houdini · 09-24-2011, 07:42 PM

Quote:

Originally Posted by $5 submissions

Say HELLO to the double dip recession. Once ITALY goes tits up, its GOODNIGHT, EURO, HELLO YEN.

There is a silver lining (pun intended) in all this... the return of the gold standard (or money being backed up by real world value)

Despite what Ron Paul says, having the dollar back by gold is a terrible idea. The two largest producers of gold are China and South Africa. There's no way in hell that anyone in their right mind would willingly give those two countries the ability to control our currency. Like you said, if it's something backed like a commodity, it should be something that we control in the U.S., coal, even corn would be better.

INever · 09-24-2011, 09:01 PM

Quote:

Originally Posted by $5 submissions

Say HELLO to the double dip recession. Once ITALY goes tits up, its GOODNIGHT, EURO, HELLO YEN.

There is a silver lining (pun intended) in all this... the return of the gold standard (or money being backed up by real world value)

100.90 is next leg down for EURO/YEN which is currently is at 102.90 and has been probing for new lows.

91.33 is the October 2000 low on EURO/YEN

Return of the gold standard?
That works out real well for people holding billions of bricks.
For the rest of the people, it don't work out so good.

DWB · 09-24-2011, 10:40 PM

Quote:

Originally Posted by Houdini

Despite what Ron Paul says, having the dollar back by gold is a terrible idea. The two largest producers of gold are China and South Africa. There's no way in hell that anyone in their right mind would willingly give those two countries the ability to control our currency. Like you said, if it's something backed like a commodity, it should be something that we control in the U.S., coal, even corn would be better.

The US already has the largest gold reserves in the world.

I think at least a partial backing will have to happen. Maybe even other commodities as you suggest, or a mix of them. Something will have to give, as the current ponzie scheme we're in has no other long term outcome but collapse. Maybe not next year or maybe not in 10 years, but sooner or later the make believe merry-go-round is going to stop.

We've only been off the gold standard for 40 years, which really isn't a long time. Before that it was off from 1933 - 1944, but they went back to it and kept it there until 1971. Time to go back (to something) and lose the fiat currency.

In regards to China and South Africa being the largest producers, I guess the Americans will need to get back to mining, and fast. I'm sure there is still plenty of gold in them there hills!

plsureking · 09-24-2011, 10:47 PM

lol wow that was a big drop in gold. its just an adjustment tho. didnt the US adjust inflation rates this week or something? the whole economy is still in the shitter tho. gold will rise again by end of year (or month)..

INever · 09-24-2011, 10:52 PM

Quote:

Originally Posted by DWB

The US already has the largest gold reserves in the world.

I think at least a partial backing will have to happen. Maybe even other commodities as you suggest, or a mix of them. Something will have to give, as the current ponzie scheme we're in has no other long term outcome but collapse. Maybe not next year or maybe not in 10 years, but sooner or later the make believe merry-go-round is going to stop.

We've only been off the gold standard for 40 years, which really isn't a long time. Before that it was off from 1933 - 1944, but they went back to it and kept it there until 1971. Time to go back (to something) and lose the fiat currency.

In regards to China and South Africa being the largest producers, I guess the Americans will need to get back to mining, and fast. I'm sure there is still plenty of gold in them there hills!

Go 49ers!

plsureking · 09-24-2011, 10:54 PM

Quote:

Originally Posted by facialfreak

I called this silver correction almost 2 weeks ago, except I forcasted it would go to about $34.00 .... and I advised my clients to wait until it got as close to $34 as they could ...

The fact it went to $30.98 just means that those of us that were anticipating the correction, can buy that much more now!

i still wanna titty fuck your avatar

Choker · 09-25-2011, 07:21 AM

Quote:

Originally Posted by Jakez

Could someone explain why you'd want to buy gold in the first place? I know it holds it's value and is the least risky of investments, but I could turn a better profit just gambling $50 here and there on stuff until I find something that works. Why hold up $10,000 in something for years just for a couple grand profit?

Simple. Gold has went from $600 to $1800 in 5 years.

jerryb · 09-25-2011, 09:12 AM

A good friend of mine writes for several coin and investment periodicals and he is predicting $50-$60 an ounce silver by the end of the year. Knowing his past prediction successes I'd say buy silver now that it is around $30 per ounce ... you can't go wrong. Google Pat Heller and you will find lots of mention of him. I'd say BUY BUY BUY

u-Bob · 09-25-2011, 09:21 AM

Quote:

Originally Posted by Jakez

Why hold up $10,000 in something for years just for a couple grand profit?

one does not buy gold to make 'a profit', one buys gold to protect one's assets against inflation.

hentchiu · 09-25-2011, 09:27 AM

Gold for inflation is flawed.. look back in the 70s and 80s.. you buy Gold because all the Fiat Currency will all devalue with all the stupid debt the politicians accumulated over the years and not a single currency is worth shit without Gold's backing.

Gold is a currency, not against inflation... Silver is secondary and all investment are flaw ...Silver is used as an industrial metal more than precious metal

Buy Gold again when the Bernake or ECB print money again, thats when you buy

you dont buy things when they are on sale, you buy mainly because there is a reason to do so ... it can drop another 20% ... no one will know ... watch the big mouth from the central banks.. thats the green light

Jakez · 09-25-2011, 09:57 AM

Quote:

Originally Posted by Choker

Simple. Gold has went from $600 to $1800 in 5 years.

I could take $10,000 and turn it into much more than $30,000 over 5 years.

Someone else said it's not for the profit but for the asset, and then someone else posted a reason to disagree with that..

Idk, I clearly just don't get it lol. I guess people just don't know better ways to invest their money..

Hermes · 09-25-2011, 03:36 PM

Quote:

Originally Posted by Sunny Day

Gold & silver may be over or have a long way to go. Same as Bitcoins. But you are playing a game of Musical Chairs. Sooner or later the music will stop.

You must be joking with the comparison, Bitcoin has been around for couple years, USD has been around for couple 100 years, and gold & silver have been around and valuable for 1000's of years straight.

Quote:

Originally Posted by Jakez

I could take $10,000 and turn it into much more than $30,000 over 5 years.

Someone else said it's not for the profit but for the asset, and then someone else posted a reason to disagree with that..

Idk, I clearly just don't get it lol. I guess people just don't know better ways to invest their money..

If you could turn any 10k into much more than 30k in 5 years, without gambling, then you should be enough smart to get it why 99% of people can't do it.

BareBacked · 09-25-2011, 04:09 PM

Quote:

Originally Posted by Jakez

Cbut I could turn a better profit just gambling $50 here and there on stuff until I find something that works. Why hold up $10,000 in something for years just for a couple grand profit?

LOL interesting investment strategy you have. 10% a year sounds good to me

BareBacked · 09-25-2011, 04:14 PM

The misinformation in this thread is astonishing.

Choker · 09-25-2011, 06:44 PM

Quote:

Originally Posted by Jakez

I could take $10,000 and turn it into much more than $30,000 over 5 years.

Sure you can. So can I. But that takes how many hours of labor? Buying gold or silver other than intially buying it you do NOTHING. Unless your labor is valued at ZERO which is more profitable? I can buy real estate and in theory it too will appreciate, but again how much in maintenance,taxes, upkeep etc does real estate take? A lot. Bullion requires nothing more than a safe to store it in. That's why people like it.

Choker · 09-25-2011, 07:00 PM

Silver is down from 30.91 to 30.29 last few hours since Europe opened. Not good. I think at most it will dip to 25 then rebound.

marlboroack · 09-25-2011, 07:06 PM

Fuck em both

Choker · 09-25-2011, 08:03 PM

Quote:

Originally Posted by Choker

Silver is down from 30.91 to 30.29 last few hours since Europe opened. Not good. I think at most it will dip to 25 then rebound.

Down to 29.57 that's a drop of almost 75 cents in a hour. looks like it's gonna be a roller coaster on silver. At least gold is doing good so far today.

aaron · 09-25-2011, 08:58 PM

Yes commodities should still be accumulated on weakness. For long term investment road map you must learn Dow theory and Kondratiev wave.

http://totalassaultonculture.files.w...tieffwaves.gif

BIGTYMER · 09-25-2011, 10:50 PM

Gold is down $50 already today... Great news!

strobi · 09-25-2011, 11:15 PM

Silver is at 26.58$! Holy shit!

BIGTYMER · 09-25-2011, 11:22 PM

Quote:

Originally Posted by strobi

Silver is at 26.58$! Holy shit!

Awesome! When it hits $20 I'll be stocking up.

DWB · 09-25-2011, 11:41 PM

Quote:

Originally Posted by strobi

Silver is at 26.58$! Holy shit!

I didn't think it would ever drop below $30 again.

09-23-2011, 04:06 PM	#1
Choker Confirmed User Industry Role: Join Date: Apr 2001 Location: Orlando Posts: 9,024	Is it time to buy silver and gold? IDK, Silver closed at $30.98 today. Gold biggest one day drop in 5 years __________________ ICQ me lets make a deal 116894466 Need dating, cam, or tube traffic? I got it.http://http://www.chokertraffic.com The Original http://www.chokertraffic.com/ Premium country pop-unders from $1.50 per k. I challenge you to compare this traffic to any other brokers. http://www.chokertraffic.com/public/tabs.php?t=o

09-23-2011, 04:29 PM	#3
JP-pornshooter Confirmed User Join Date: Sep 2006 Location: westcoast usa Posts: 4,007	dropped 8% in 3 days, lot worse than the stock market. might be a good time to buy.. __________________ "Obscenity is whatever gives the Judge an erection." -- Author Unknown

09-24-2011, 07:34 AM	#6
Choker Confirmed User Industry Role: Join Date: Apr 2001 Location: Orlando Posts: 9,024	People are paying at least $5 above spot on ebay. Stupid or what? __________________ ICQ me lets make a deal 116894466 Need dating, cam, or tube traffic? I got it.http://http://www.chokertraffic.com The Original http://www.chokertraffic.com/ Premium country pop-unders from $1.50 per k. I challenge you to compare this traffic to any other brokers. http://www.chokertraffic.com/public/tabs.php?t=o

09-24-2011, 08:05 AM	#9
oscer Confirmed User Industry Role: Join Date: Jan 2001 Location: Baltimore Posts: 2,834	I dont know ... Just took possession of 10k of Scrap computer memory for the gold and silver content and i was lucky i bought it from an idiot or else i would be hurting with the large drop .... __________________ XR Networks Dedicated \| VPS \| Shared Hosting ICQ 42602565

09-24-2011, 08:13 AM	#10
sperbonzo I'd rather be on my boat. Industry Role: Join Date: May 2003 Location: Miami, FL Posts: 9,743	About a year and a half ago I was telling people that gold will go through a big drop and then in 6 to 12 months it would go way way WAY up, and when it did, it would mean we were going to be in for some VERY hard times. I was hoping that this wouldn't happen, but now I'm afraid that it will and it's going to be ugly. We ain't seen nothin' yet. . __________________ Michael Sperber / Acella Financial LLC/ Online Payment Processing [email protected] / http://Acellafinancial.com/ ICQ 177961090 / Tel +1 909 NET BILL / Skype msperber

09-23-2011, 04:10 PM	#2
Konda ... Industry Role: Join Date: Apr 2003 Posts: 2,280	Like 1.5 / 2 yr ago someone posted here about buying gold and no one took him serious Buy as much as you can and come back to this thread in 2 years. It might not be the most profitable investment, but it will be the most risk-free

09-23-2011, 04:53 PM	#4
DudeRick Confirmed User Industry Role: Join Date: Feb 2004 Location: Tobacco Road Posts: 1,568	Good luck catching that falling knife.

09-24-2011, 07:50 AM	#7
meka2003 Confirmed User Join Date: Sep 2007 Posts: 345	Yes, BUY TOMORROW and sell in to 2-3 days. Seriously

09-24-2011, 08:03 AM	#8
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	Good time to buy stocks and real estate but gold and siver have probably gone no?

09-24-2011, 08:31 AM	#11
meka2003 Confirmed User Join Date: Sep 2007 Posts: 345	Silver dropped almost 50% in one day http://stockcharts.com/c-sc/sc?s=AGQ...28644418&r=846 __________________ http://www.veoxxx.com

09-24-2011, 09:00 AM	#12
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	Spot is for 24k pure gold. Gold nuggets aren't 24k but buyers pay a premium for nuggets do to their rarity. Most of the nuggets I buy on ebay are between 16k and 20k. If I ever want to sell I can just melt them.

09-24-2011, 09:42 AM	#13
Jack Sparrow Almost goners.. Industry Role: Join Date: May 2008 Location: Netherlands Posts: 11,420	Buying a train on the edge of the mountain slope. Marvelous...

09-24-2011, 10:36 AM	#15
u-Bob there's no $$$ in porn Industry Role: Join Date: Jul 2005 Location: icq: 195./568.-230 (btw: not getting offline msgs) Posts: 33,063	That was to be expected. The Fed tried to flatten the yield curve by selling shortterm debt and buying longterm securities. Their "possible 'significant risks' to the US economy" statement, combined with the negative news from China, the news about the Greek situation, the comments by the ECB chairman about the possible collapse of the Euro and you've got yourself a selling spree. Now throw in some leveraged hedgies with balance sheet pressures and you've got lots of people selling of their gold positions to raise cash or meet margin calls in other markets. Long term prediction: gold will continue to go up. Short term: difficult to say, the need for cash in other sectors and the recent uneasiness may cause gold to drop some more. On the other hand, there's plenty of people who've been waiting for an opportunity like this to stock up on physical gold (especially the Indians and the Chinese) and this would cause pm prices to go up again.

09-24-2011, 11:14 AM	#16
Jack Sparrow Almost goners.. Industry Role: Join Date: May 2008 Location: Netherlands Posts: 11,420	Some other directions this can go: - unemployement levels increase - people have less to spend - they realise theres no cash left - they cant pay groceries with gold - they realise they spent their savings on gold ... Or they get impatient and want to buy shit... ... They think shortterm, cash in their gold cheap, and prices drop.

09-24-2011, 12:39 PM	#17
facialfreak Confirmed User Join Date: Feb 2005 Location: Montreal Posts: 3,018	I called this silver correction almost 2 weeks ago, except I forcasted it would go to about $34.00 .... and I advised my clients to wait until it got as close to $34 as they could ... The fact it went to $30.98 just means that those of us that were anticipating the correction, can buy that much more now! __________________ Managed Shared Hosting starting at $4.99/mo Managed VPS starting at $29.99/mo

09-24-2011, 01:41 PM	#19
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	Choker, you'll never pay spot price for physical. There's always a premium, especially for coins, but you'll also get a premium (not as much) when you sell, so it works out pretty close. On a lot of PM forums, people are saying coin shops are sold out all over the place, so the premium increases as physical shortages also increase. Probably the best place online is http://www.tulving.com/goldbull.html Site looks crappy, but they have the best prices, are totally legit and you get free overnight shipping. Last edited by Houdini; 09-24-2011 at 01:42 PM..

09-24-2011, 01:47 PM	#20
INever Confirmed User Join Date: Jan 2005 Location: .......in a niche, in orbit...... Posts: 3,511	From 10 to 50, you're looking at a Fibo retrace of 62% to about 26, unless 30 was the spike low for a 50% retrace. If the bears stay in control to 26 and bulls cannot get control there, then the next level down is 22, then 18. __________________ I love Camdough Last edited by INever; 09-24-2011 at 01:56 PM..

09-24-2011, 01:48 PM	#21
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	Also, if you're dead set in buying, don't blow all your wad right now. Tuesday is Comex options expiration and I'll almost guarantee they're going to beat the fuck out of it on Monday and Tuesday. I have puts on SLV and plan to sell into expiration.

09-24-2011, 01:50 PM	#22
Sunny Day Confirmed User Industry Role: Join Date: Dec 2010 Posts: 1,406	History Repeats There is no telling if these are minor corrections, the beginning of a great rush or the end. But they are called economic cycles. Just look up Wikipedia for the Silver Panic of 1893. It also happened in 1873. Thing is now, everything is magnified by the Internet. Joseph Kennedy, (JFK's dad), sold all his stocks before the '29 crash. his quote was "when the shoe shine boys give stock tips, it's time to sell." Zoom to 1980, the Hunt brothers want to corner the silver market. Silver went to (don't quote me), about $40 per ounce. When metal prices get too high, everybody sells grandma's silverware they inherited, and unprofitable mines, suddenly open and work overtime. There's more metal than fools. Quit looking at porn long enough to read one book on economics. Gold & silver may be over or have a long way to go. Same as Bitcoins. But you are playing a game of Musical Chairs. Sooner or later the music will stop. Didn't say there was opportunity, just be aware of the risks. Last edited by Sunny Day; 09-24-2011 at 01:54 PM.. Reason: type too fast

09-24-2011, 03:09 PM	#24
Deej I make pixels work Industry Role: Join Date: Jun 2005 Location: I live here... Posts: 24,386	7 months late __________________ Deej's Designs n' What Not Hit me up for Design, CSS & Photo Retouching Icq#30096880

09-24-2011, 06:49 PM	#26
Jakez Confirmed User Industry Role: Join Date: Jan 2004 Location: oddfuturewolfgangkillthemall!!!!!!! Posts: 5,656	Could someone explain why you'd want to buy gold in the first place? I know it holds it's value and is the least risky of investments, but I could turn a better profit just gambling $50 here and there on stuff until I find something that works. Why hold up $10,000 in something for years just for a couple grand profit? __________________ [email protected] - jakezdumb - 573689400 Killuminati

09-24-2011, 07:16 PM	#27
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Say HELLO to the double dip recession. Once ITALY goes tits up, its GOODNIGHT, EURO, HELLO YEN. There is a silver lining (pun intended) in all this... the return of the gold standard (or money being backed up by real world value) __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

09-24-2011, 10:47 PM	#31
plsureking bored Industry Role: Join Date: Aug 2003 Location: Metaverse Posts: 4,675	lol wow that was a big drop in gold. its just an adjustment tho. didnt the US adjust inflation rates this week or something? the whole economy is still in the shitter tho. gold will rise again by end of year (or month).. __________________ #

09-25-2011, 09:12 AM	#35
jerryb Confirmed User Join Date: Feb 2005 Location: Saginaw, Michigan USA Posts: 588	A good friend of mine writes for several coin and investment periodicals and he is predicting $50-$60 an ounce silver by the end of the year. Knowing his past prediction successes I'd say buy silver now that it is around $30 per ounce ... you can't go wrong. Google Pat Heller and you will find lots of mention of him. I'd say BUY BUY BUY __________________ - - Hot Phone Sex and Porn Search Engine Webmaster Opportunities Crazy Ernies Blog

09-25-2011, 09:27 AM	#37
hentchiu Confirmed User Join Date: May 2005 Posts: 199	Gold for inflation is flawed.. look back in the 70s and 80s.. you buy Gold because all the Fiat Currency will all devalue with all the stupid debt the politicians accumulated over the years and not a single currency is worth shit without Gold's backing. Gold is a currency, not against inflation... Silver is secondary and all investment are flaw ...Silver is used as an industrial metal more than precious metal Buy Gold again when the Bernake or ECB print money again, thats when you buy you dont buy things when they are on sale, you buy mainly because there is a reason to do so ... it can drop another 20% ... no one will know ... watch the big mouth from the central banks.. thats the green light Last edited by hentchiu; 09-25-2011 at 09:28 AM..

09-25-2011, 04:14 PM	#41
BareBacked Confirmed User Join Date: Feb 2007 Location: www.BareBacked.com Posts: 3,685	The misinformation in this thread is astonishing. __________________ NEW SITE PAYING $30 for a $1 TRIAL Selfies

09-25-2011, 07:00 PM	#43
Choker Confirmed User Industry Role: Join Date: Apr 2001 Location: Orlando Posts: 9,024	Silver is down from 30.91 to 30.29 last few hours since Europe opened. Not good. I think at most it will dip to 25 then rebound. __________________ ICQ me lets make a deal 116894466 Need dating, cam, or tube traffic? I got it.http://http://www.chokertraffic.com The Original http://www.chokertraffic.com/ Premium country pop-unders from $1.50 per k. I challenge you to compare this traffic to any other brokers. http://www.chokertraffic.com/public/tabs.php?t=o

09-25-2011, 07:06 PM	#44
marlboroack So Fucking Banned Industry Role: Join Date: Jul 2010 Location: ☣ Posts: 9,327	Fuck em both

09-25-2011, 08:58 PM	#46
aaron Confirmed User Industry Role: Join Date: Mar 2003 Location: USA Posts: 4,452	Yes commodities should still be accumulated on weakness. For long term investment road map you must learn Dow theory and Kondratiev wave. http://totalassaultonculture.files.w...tieffwaves.gif

09-25-2011, 10:50 PM	#47
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	Gold is down $50 already today... Great news!

09-25-2011, 11:15 PM	#48
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	Silver is at 26.58$! Holy shit!