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-   -   Stocks, gold ,silver went to shit today (https://gfy.com/showthread.php?t=1049859)

u-Bob 12-15-2011 07:59 AM

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 :)

Choker 12-15-2011 10:49 AM

Quote:

Originally Posted by PR_Glen (Post 18632130)
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...

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"?

magicmike 12-15-2011 12:25 PM

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

PR_Glen 12-15-2011 12:33 PM

Quote:

Originally Posted by magicmike (Post 18632885)
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

Phoenix 12-15-2011 12:38 PM

so buy silver at 26 and hold

PR_Glen 12-15-2011 12:39 PM

Quote:

Originally Posted by Choker (Post 18632637)
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"?

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

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

Adult Insider Dave 12-15-2011 12:46 PM

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

Choker 12-15-2011 02:32 PM

Quote:

Originally Posted by PR_Glen (Post 18632919)
pretty flat until media speculation took off eh? My bet is it's over valued now...

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

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.

JFK 12-15-2011 03:55 PM

Fitty gold's turning to shit

Operator 12-15-2011 05:22 PM

Quote:

Originally Posted by Jesus H Christ (Post 18633308)
8 of the largest banks in the world downgraded today. There are $707 trillion in unregulated derivatives like credit default swaps. These banks are probably responsible for at least $300 trillion of those unregulated derivatives. Forget sovereign debt problems .. it is insolvent bank problems now. Bernanke handed out $29 trillion in 2008. Get ready to hand out $50 trillion now.

Got gold? No..... you sold today??

Too bad.


gold and silver

Operator 12-15-2011 05:23 PM

Realtime XML AI Robots

Adam X 01-09-2012 02:33 AM

choker I was checking my spammage threads and ran across this recently.. wanted to bump and ask if you're getting melt rates just by throwin the ol 'thats all I'm offering' approach? or flashing bankroll at random dealers? curious.

sure is a lot of fake crap goin around the streets.. came across a pack of late 1700's to mid 1900 silver dollars the other day.. all magnetic 19g counterfeits. Not even close.
Today I see a 2003 walking liberty/amer silver eagle at a pawn shop...26g.. it even sounded like pure silver. Should always be 31.1 troy yeah? Those weren't made at 90% right? Fakes are gettin better with weight, tone and bio-magnetic metals.. whats your best dead giveaway on quick look/feel with street coins/rounds shy of running an acid test?

stick to bars, but damn some rounds and old dollars are just fun to collect.

jerryb 01-09-2012 05:00 AM

Being a longtime coin dealer I started stashing gold and silver in the early 70's. Have many $38 Krugerands and $3 silver bars and am still buying today when it is available at a good price. My stash is huge and I have NEVER panicked on a market down trend. I look way ahead to the future. It WILL go up more than it will go down ... believe me.

DWB 01-09-2012 05:25 AM

Quote:

Originally Posted by jerryb (Post 18678561)
Being a longtime coin dealer I started stashing gold and silver in the early 70's. Have many $38 Krugerands and $3 silver bars and am still buying today when it is available at a good price. My stash is huge and I have NEVER panicked on a market down trend. I look way ahead to the future. It WILL go up more than it will go down ... believe me.

I believe you. Regardless of fluctuations, gold and silver have no choice but to go up, and has been doing so for a long time.

slapass 01-09-2012 06:38 AM

You last two guys know it was in a 30 year bear market? It does not always go up. Nothing always goes up or we would all just buy that.


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