Stocks, gold ,silver went to shit today
 

Un fucking real. I bought 3 ounces of gold US coins 2 days ago, down over $100 each ounce, lucky for me I am only sitting on about a pound of gold, but silver holy shit I'm sitting on so much it's not even funny.

Anyone else here about to cry? LOL.

silver's down about 8% today...
that's not good

ffn only down 5% today.
that's actually a pretty good day for their stock. down less than usual.

Is this just play money for you? or is most of your wealth actually in precious metals?

i knock gold more than anyone here, but I think its pretty safe for long term... always goes up eventually.

Hopefully the europe thing starts improving, that's not helping anyones investments...

When something hits critical high value, and you are happy with ROI, better sell it and take back your money. Rest leave in gold and gamble or make profit and forget about it :)

I bought junk silver on Monday for $32/oz, if the numbers stay the same I'm buying again on Friday. Unless you're trading just use it as a long term play to fight inflation and forget about the ups and downs, they're irrelevant.

I bought a few 10oz bars last week of silver. If you are not looking to make a buck quickly there is nothing to worry about. I was reading a report (after I bought the bars of course) that said they expect silver to drop to $22 an ounce in the next 4-6 months.

From a technical perspective, SLV hit the bottom trend line on the mark today. It has the potential to bounce from here to reach the $34-36 level. Any drop below the current support and you're probably looking at $25 silver soon.

http://i.imgur.com/xUX6N.jpg

doesn't capital gains tax eat into that though? i'm still pretty green on that area of things..

Not if you reinvest.

That's one of the reasons I like junk silver or bullion :)

so no taxes if you reinvest?

I'm no accountant, but I'm pretty sure you pay taxes on any capital gains...
*unless you reinvest in the same or very similar asset, but then what's the point of selling?

I just keep buying, everyone is shorting gold right now, it will bump back up, when they cash out. Its all manipulation on a ginormous scale:2 cents:

if the blowoff top is the start of a bear trend, then the bottom trend line should start at the may low. The lower lows, this being the third free fall in 6 months, indicate more downside to come. next few days will tell.

http://prosportsblogging.com/psb/upl...-sell-sell.jpg

Sell one stock/commodity high, buy another low.

I have no idea if you have to remain in the same "class" or not.

Gold is going way down.. Buy Low Sell High.

When all your neighbors are buying gold its too late

I predict in 10 years, both gold and silver will be worth a lot more than right now.

A big part, but I buy at or below spot and sell for 10% above. I flip fast so I'm not hurting on silver, actually sold twice as much today as yesterday and I did not lower my prices. I'm still selling silver as if it were 33 a ounce. Gold I don't really buy and sell the same, I will buy small amounts and flip when it goes up. Gold I mostly buy US double eagles, etc. Got a few French roosters I now regret buying lol. I'll just sit on what little gold I have till it goes back up.

I predict stocks, gold and silver will drop today.

Eh, a bunch of people gave me silver bars for my wedding gift a few years ago and its still above what it was worth then.

You work on the internet, there are 1,000,000+ better things to invest your money in with less risk.

Metals were inflated. Not a surprise at all.

Nope right now im using it to buy up some stuff and hold it .... its dropping cause people are running fast from the Euro which is making the US dollar stronger i would expect it to go back up

LOL, the guy in your sig is so fucking anoying. And what's with his hair? I guess a crazy hair style has to match a crazy mind. LOL

choker
don't you buy under 31$ on silver anyway?

Man is the euro crashing..

Depends on what it is, 90% silver US coins I get at melt in bulk from coin dealers, or 95% of melt from the estate buyers (guys with the We buy gold signs) Silver dollars I usually get at spot plus a buck each. When I resell I only have 10% profit margin so when silver drops 10% like it has I'm fucked if I get caught with a lot of inventory on hand. But like I said earlier I have sold more today than yesterday while still charging $33 per ounce prices. You would think when its down around 29 like now that I could take advantage and stock up, but no, most wholesalers prefer to not sell and just wait till it rises again. I know of several big dealers sitting on gold they paid 1750 for. They have the money and can sit on it for a year if that's how long it takes to go back up.

yeah we have a hook up, give us eagles about $2 over, bars at 1-1.50 over. i don't do the quarters/half dollars much though, have some but prefer to go pure. our guy will still sell as it crashes.

$2 over is good for eagles but 1-1.50 for bars and rounds you can get better I think. Next time your driving around and see a We buy gold sign walk in and ask them if they have any silver to sell. Those guys like to flip fast and they buy a lot of silver from people. I bought a bunch of Englehard bars from one 2 weeks ago at melt.

Too scarred to do that with fake nickel silver out there. I'll pay the extra buck for peace of mind

Joe Keneddy once told me, once you start getting gold and silver advice on GFY.. get the fuck out the market bottom is about to fall out.

silver is still a good bet for future up swing since its still under valued.

I predict 2500. an ounce for gold this coming year!!! ..and I think silver will double again this year. APMEX is my bestfriend! I'm in for the long haul! Best wishes to all-

I would listen if it was Joe Kennedy :winkwink:

i like shit... :thumbsup

:1orglaugh definitely some wisdom in this...

they have been saying that about silver for the last 25 years at least... history says otherwise, its flat as shit. Putting all your eggs in one basket based on media speculation is down right nuts...

Just the fact that all of you guys have bought recently etc means it is overpriced.

Was to be expected when the Fed announced there wouldn't be any additional easing (for now).

Gold and silver are still a safe bet against inflation.

Just wait until the bulk of the "excess reserves" the banks have at the Fed start leaking out. That's when things will start to get interesting :)

Have you looked at the 5 year chart for silver? I remember 6 or 7 years ago buying 1 ounce rounds for $6 each. Last week they were $33 a ounce. How is this 'flat"?

Go to the casino if your getting your stock / investment tips on GFY. Hello pump and
dump.

dude i got this penny stock you gotta check out.. hehe

so buy silver at 26 and hold

pretty flat until media speculation took off eh? My bet is it's over valued now...

http://www.ounceofsilver.com/images/...rice-chart.gif

Good time to buy some nice priced rental buildings, especially with the rental market so strong in many areas since everyone lost their homes.

Your kidding right? So it was flat until 1965 until at which time media speculation made it go up? You said it was flat the last 25 years, it was not. No idea how old that graph is but silver is not $5 a ounce like it displays. But yeah I agree with you that it's probably over valued right now.

Fitty gold's turning to shit

gold and silver