Current Events

Re: What is happening to silver?

gravyten577 — Tue, 23 Apr 2013 15:57:11 GMT

Good luck to anyone if they are looking for silver to buy. Might be hard to find

Re: What is happening to silver?

zg7666 — Tue, 23 Apr 2013 14:23:45 GMT

"economic terrorism" (e.g., central banking practices) and "price propaganda" (e.g., manipulation of the Comex gold and silver spot price via paper precious metal trades).

In India and in other countries outside of the immediate reach of Western Central bankers, it's very common to see lines outside of precious metals retailers, people queueing up for gold and silver purchases.

The drop in gold and silver was caused by the Fed and the BOJ. Gold and silver continue to show fundamental, not speculative strength. Undiluted by the manipulations of central bankers, it's worth noting that Bitcoin continues to show strength as well

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10001937/Fed-and-Bank-of-Japan-caused-gold-crash.html

Re: What is happening to silver?

onebornfree — Wed, 17 Apr 2013 16:18:13 GMT

gravyten577:

You should own physical silver

Of course. The question is: how much of the wealth you cannot afford to lose should be allocated to silver? 100%? 50%? 25%? 10%? 5%?

For example, if you put 100% of the wealth you cannot afford to lose into silver [or anything else for that matter], you would be speculating [i.e. placing a bet, gambling, with money you could not afford to lose], that a certain economic condition that benefited silver [or whatever else you had put 100% of your money into] _must_ occur in your lifetime.

regards obf.

Re: What is happening to silver?

DanielMuff — Tue, 16 Apr 2013 02:14:04 GMT

Re: What is happening to silver?

gravyten577 — Mon, 15 Apr 2013 21:16:23 GMT

What Jargon said:

Those interested in the metals market might be interested to hear about this guy:

http://en.wikipedia.org/wiki/Andrew_Maguire_(whistleblower)

I think it would be a mistake to presume that big banks can't throw their weight around in small markets, especially if they're acting in concert and employing trading algorithms.

Re: What is happening to silver?

gravyten577 — Mon, 15 Apr 2013 20:32:35 GMT

"the best way to do this is to have an automatic "stop loss" which would kick in as soon as the agreed on floor was reached, set via a broker.]"

You should own physical silver

Re: What is happening to silver?

onebornfree — Mon, 15 Apr 2013 20:09:16 GMT

DanielMuff:

I am thinking of diving into it. Any thoughts?

Questions you might wish to consider:

1] Would you be "diving into it " with money you could afford to lose, or money you cannot afford to lose?

2] Do you have a clearly defined bail out point in mind? - that is, a a price that would be a certain percentage below your buy-in price [whatever that might be], and at which point you would "eat" your loss and get out? [ the best way to do this is to have an automatic "stop loss" which would kick in as soon as the agreed on floor was reached, set via a broker.]

regards, obf

Re: What is happening to silver?

Al_Gore the Idiot — Mon, 15 Apr 2013 17:08:54 GMT

I wonder if the crash in metals is an ominous warning that a crash in stocks is coming. The Dow has been following a similar pattern to gold in the last 3-4 years.

Re: What is happening to silver?

gravyten577 — Mon, 15 Apr 2013 15:51:32 GMT

This must mean we have an economic recovery. Thank goodness for Obama and Bernenke

Re: What is happening to silver?

DanielMuff — Mon, 15 Apr 2013 15:37:29 GMT

Re: What is happening to silver?

gravyten577 — Mon, 15 Apr 2013 15:07:22 GMT

It has gone down even more. Space aliens must secretly be coming to earth and flooding the markets with gold and silver because I don't see other reasons why they should be going down this much

Re: What is happening to silver?

gravyten577 — Mon, 15 Apr 2013 14:15:32 GMT

Gold is $1415 down 4.25% so far this morning

Silver is $24 down 7.24% so far this monrning

Could be a conspriacy

Re: What is happening to silver?

HabbaBabba — Mon, 15 Apr 2013 05:15:12 GMT

Sure, why not? Stamp is 40 something cents, what's a bitcoin this hour/minute/second, 103? Of course, that's stupid since, I have USD which online vendors I buy from accept, so I'd actually be going out of my way to use anything other than just simply... USD.

^ That too.

Re: What is happening to silver?

gotlucky — Mon, 15 Apr 2013 05:15:05 GMT

It's like you've never heard of banknotes or credit.

Re: What is happening to silver?

Blargg — Mon, 15 Apr 2013 05:07:51 GMT

OK, but how would you use a little rectangle of gold to buy something online? Mail it to them?