Gold's Tanking Today... so is Silver.......
 

Gold's Down $102.81 CDN today :helpme

Do you work at a pawn shop?

I saw that this afternoon, put a huge smile on my face. I sold almost all of my silver when it hit $37.22, got almost $36 per troy ounce for it. Now that it's tanking, I've got my eye on buying about the same amount back. If it can manage to drop to $28 or lower in the next few months, I'll be selling all of my gold to go 100% into silver for the bounce in the fall.

Platinum is currently cheaper than gold. Is it usually that way?

only if you make a cheesy rapper necklace out of it ;)

NO, historically Platinum has always been higher than gold:thumbsup

Congrats to the losers ...

Sucks but if silver drops a bit could be good to buy

had to fall some time

:helpme:helpme:helpme

how i am going to survive 2012 at this rate : (

You haven't been watching it lately, I guess. We all bought under $29, and advised everyone on here to do the same. I personally sold when it hit $37.22, and got about $36 per troy ounce for the lot.

Just a leak in the bubble, plenty of room to blow before it gives....

YES, I own one:winkwink:

Did you actually buy the metal or did you just use some online thing to buy the right to it..

If you actually bought it .How do you store it? I assume you put in a decent chunk of change.

It's the end of the world...

eh fuck I was going to go unload gold and silver tomorrow. probably still do the silver as it's still hovering around the price I decided to sell it at anyway last week, but the gold, staying in the safe.

funny I saw a 60 mins episode recently where they talked about how India controls over 25% of the gold market and cause of that gold will keep going up. All I could think after watching it was, SHORT GOLD!!!!!!!!

I sold about half a pound of silver bars a few days or more ago for a decently healthy profit, considering it was a wedding gift and was worth a bit over $20 USD/oz at the time 2.5 years ago.

Silver is in for a hell of a ride over the next 10-15 years.

In the short term, anything can happen.

During yesterdays Fed meeting, RP held up a Silver coin and gave the audience a quick history lesson. The moment he held up that coin, 225 million ounces of paper Silver was dumped on the market, over 30 mins, dropping the price by $2/oz.

The only sure way to win is to stack Silver. It is a bullet and a shield.

Further reading:
http://silverdoctors.blogspot.com/20...ounces-of.html

Somebody will get rapped because got tons of gold

wow. a move like that is destined to trigger some margin call selling in the next week.

What goes down- goes up even higher in the future!!!! Buy!

indeed........ the Big Boys are cleaning up :thumbsup:thumbsup

Silver right now .......$34.98 Gold $1716.30 US
If you want to follow it yourself check out http://www.kitco.com/

bubbles can burst?!?!?

:1orglaugh:1orglaugh

Actually bought it. I like to touch it. We just dedicated one of the larger closets to it. If no one knows you have it, it's unlikely you'll be robbed, etc. And now, since it's gone, there's even less of a chance, LOL.