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Silver Dips Below $30

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harrison2's Avatar
Mexico
1304 Posts
 Posted 06/21/2012  2:01 pm  Show Profile   Bookmark this reply Add harrison2 to your friends list Get a Link to this Reply
Ahhh...good to know. Thanks for the tip.
Pillar of the Community
United States
1590 Posts
 Posted 06/21/2012  3:20 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
If you shop around locally you might find a surprise or two. I have a local bullion dealer that sells at spot plus $1.
Pillar of the Community
United States
2168 Posts
 Posted 06/21/2012  3:26 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
I'm lucky as well. Mine sells for spot plus 3 percent
Pillar of the Community
harrison2's Avatar
Mexico
1304 Posts
 Posted 06/21/2012  4:35 pm  Show Profile   Bookmark this reply Add harrison2 to your friends list Get a Link to this Reply
If I had a local anything I'd be there...my best bet is mailorder to a US based mail forwarder or buying Libertads from the local bank. The numismatic market in general is almost non-existant down here and PMs are limited to the silver Libertads or special ordered gold Libertads.

I'm still surprised that the market hasn't had a strong uptick in the past few hours with this much downward pressure.
New Member
smith23's Avatar
Canada
12 Posts
 Posted 06/21/2012  4:59 pm  Show Profile   Bookmark this reply Add smith23 to your friends list Get a Link to this Reply
Well I have continued to be right and silver has continued to tank along with gold. The fools can continue to claim that they are diversifying but they are all throwing away their money on a pipe dream. Half the people on this forum will likely lose their jobs in the next couple of years due to the economy. The same ones that bought silver at $40 will be taking a big loss selling that same silver for $18 as the price drops with the lack of demand. Gold ever hitting $3000 was another great joke on the common man by the rich that are controlling these paper gold and silver markets. I bet there are hundreds of people on this forum that are crying who bought gold at $2000 an ounce believing it would hit the $3000 mark. Now it is almost below $1500 and those people took a heck of a loss.

Nobody is going to want worthless gold and silver that they have to sell to someone else in order to get some actual money when they actually need their money themselves for for goods and services in order to live. You can't take an ounce of gold to the store and barter it for the necessities of life. Lack of demand will continue to kill the price of gold and silver. Cash money has driven the world the last five decades not gold and silver and that trend will continue.
Valued Member
akane17's Avatar
United States
404 Posts
 Posted 06/21/2012  5:16 pm  Show Profile   Bookmark this reply Add akane17 to your friends list Get a Link to this Reply
I don't remember seeing much activity on these forums for buyers when silver was at $40-50.


Quote:
and those people took a heck of a loss.

it's only a loss if you sold it.

PM's are simply another basket for my eggs.

But you enjoy keeping your cash money under the mattress...how much is your printed paper going to be worth if the economy tanks?
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allranger's Avatar
United States
1391 Posts
 Posted 06/21/2012  5:32 pm  Show Profile   Bookmark this reply Add allranger to your friends list Get a Link to this Reply

Quote:
Well I have continued to be right...






Wow. I am the only one that read that and bust out laughing.
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jasper62's Avatar
United States
2189 Posts
 Posted 06/21/2012  5:50 pm  Show Profile   Bookmark this reply Add jasper62 to your friends list Get a Link to this Reply
Everybody on this forum and in the world knew gold and Silver would come down at some point.It's the law of physics.What goes up will eventually come down.The same holds true in the other direction.
smith23 quote"Well I have continued to be right" With all five post that you have? And that gives you a credibility?.
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Steele's Avatar
United States
1119 Posts
 Posted 06/21/2012  5:57 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply
Nobody is going to want worthless gold and silver that they have to sell to someone else in order to get some actual money when they actually need their money themselves for for goods and services in order to live. You can't take an ounce of gold to the store and barter it for the necessities of life.
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coinwatch's Avatar
United States
808 Posts
 Posted 06/21/2012  6:12 pm  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
Gotta love it when the short-selling trolls crawl out of their sorry little holes.

They rant. They rave. Then they slink away.

They contribute nothing, except for the occasional laugh. Good bye, trolls! God speed! Go buy your shares of Groupon and have a nice life!
Pillar of the Community
swrbxxx's Avatar
Canada
834 Posts
 Posted 06/21/2012  6:12 pm  Show Profile   Bookmark this reply Add swrbxxx to your friends list Get a Link to this Reply

Quote:
"Nobody is going to want worthless gold and silver that they have to sell to someone else in order to get some actual money when they actually need their money themselves for for goods and services in order to live. You can't take an ounce of gold to the store and barter it for the necessities of life. Lack of demand will continue to kill the price of gold and silver. Cash money has driven the world the last five decades not gold and silver and that trend will continue."


Actual money is few and far between, in this day and age EVERYONE uses cards. Within my social clique I am the only one who always carries a few thousand in cash at all times. Cash is becoming a thing of the past and more and more people go digital.

If silver and gold slump so what, I made a bad investment then. I can probably say 80% of the people on this board feel the same way. I dont believe this is any board member on here who put their entire life savings in gold and silver. To most of us this is an investment with income that does not effect our day to day, and hey if gold and silver skyrocket one day looks like my investment paid off better than all the cash sitting under my matress

New Member
TheReno's Avatar
United States
29 Posts
 Posted 06/21/2012  6:45 pm  Show Profile   Bookmark this reply Add TheReno to your friends list Get a Link to this Reply
Correct me if I'm wrong but,

According to the charts from the past, it might bottom out at about 10 dollars. I'm betting on about 15...

If thats the case, I'm hanging on for the ride, and going to buy, buy, buy. Id bet the ranch on it if I had one. Its not time to unload. (For me)

Yes?

-Reno
Pillar of the Community
poboxw's Avatar
Canada
1502 Posts
 Posted 06/21/2012  6:48 pm  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply
Always a riot.
spot will rise again, and and dip, again, and again we'll see the gentleman make his sixth post bashing it all.

Manipulation is a worry though... We should set up a numismatist's or silver-stacker's price amongst ourselves. Fix that price to a combination of a few commodities that matter, like foods and gas, and just let the bankers play their games with paper.
New Member
TheReno's Avatar
United States
29 Posts
 Posted 06/21/2012  6:53 pm  Show Profile   Bookmark this reply Add TheReno to your friends list Get a Link to this Reply
Just to add to myself,

In The early 80's the US was going through a bad economy, and it is also these days.

Durring these times, is when there were 49 or so dollar spikes for silver.

The only thing is, the spikes are 20 years apart..

Im I on track? Is the economy correcting its self like in the mid 80's?

Retirement in 20 years?
Pillar of the Community
throwbackid's Avatar
1283 Posts
 Posted 06/21/2012  6:57 pm  Show Profile   Bookmark this reply Add throwbackid to your friends list Get a Link to this Reply
I could careless about price. I am going to keep adding regardless of price until I die. My kids will be able to build a house of bricks of silver by the time I'm done.
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