Silver Dips Below $30

angel2004, I couldn't agree more; I do believe there is a finite amount of oil and gas (and silver), but we keep finding ways of extracting more, and more efficiently. I think we will also come up with better replacements for these resources in the future - I don't believe in $3,000 gold, $100 silver, or the complete collapse of the stock market, as I didn't believe in the end of the world with Y2K... I wonder if those folks are still out in the desert with their guns, bottled water, and gold bars?

Absolutely right Lars; I should have considered inflation and time in my bias rant - being in my 60's, you hit the nail on the head. I do also own gold and silver, but only numismatically, and I've never sold anything (so far!)

2012 Is not the end of the world, only as we know it, Y2K was man made hype, and there were some minor events,
The mayan calander is a referance to a 26,000 year alignment(nasa proved this right in 1998, they had the answer and still took them 40 years to work out)

Good work Larsdog, one step ahead is good, but what if y2k was hype, so if it was to happen at a later date..say 2012?then 99% would'nt take any notice, as you know if computer systems go down,as will all digital accounts and stocks.
Maybe this time you may want to reallocate digial/paper into physical, as if you did last time you would of sat on it longer, and somehow it looks like paper and stocks are dead in the digial world we started living in 2000-now, but at least profit was $0 better to have no profit , a free lesson,and a second chance,rather then being 401k in the red.

I set my plan for silver before buying(expect it to go as low as 22-24,as its starting to do to make it look weak and worthless) buying in at a average of 33$, holding 5-12 years , maybe to gain double by 2020 , but just the same I watch prices, just for buying, as I had faith in it back in 07, but was told its worthless and made 0$ profit as I bought a house(which could of been payed off buy silver if I bought at that time)

My point is, with the way things are, I've half of savings into PMs as 10k in the bank only made 13c in 3 months, take out fees -40-60$?and if solar flairs and eletromagnetic field keep playing up like the are, there is a high chance 2012-mid 2013 could shut digital systems down(thats why I rather be safe buy having physical pm's and maybe losing half my value, by cleaning bank account by december, rather then take a chance of waking up to system failure.

Also if euro $ crashes how are you going to be able to buy bulk of pm's?
but if it crashes and you have Pm's I'm sure you can always buy bulk of ANY market, old, current or future economy
I'm even trying to get my super into SMSF so I can put into physical Pms that are locked up at local coin shop(all legal)

I'm sure in 2008 wall st suits thought it would all be ok ,apart from the select few waiting to cash in on everyones loss.

Good luck everyone, hard to know what to do these days..

Big PM spike up at around noon east coast time today. Does anyone know the reason?

The Eurozone are having more problems like yesterday news, this time Spain is in trouble and asking for help but at the size of our tarp program dollar wise.

The government within those part of Europe need more than a reform.

It also used to be that when stock market goes down PM market goes up, but now you can throw everything out the window.

And Cyprus wants a bailout now too. Could be some positioning ahead of the EU summit. Maybe they are expecting their own form of QE? Also Gero said he expects gold to go higher on short covering...if it doesn't continue its down trend.

I think it's the EU also, I heard there looking at gain 137mil oz for a new event?