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 Replies: 743 / Views: 51,927 |
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Pillar of the Community
United States
1026 Posts |
Well no matter what games the feds play anymore the dollar is doomed no saving it no matter what they do. Yes they can drag things out longer but sooner than later the house comes crumbling down it is inevitable now.
No this is not the end of the USA but will be the end of the dollar as we new of it. Yes I wish we would go back to a gold standard and hope it happens but in all probability will never happen.
Anyway no matter what I am holding all silver now no more selling and playing with it as I feel the time for playing with silver is over and the time to HOLD it is upon us. (Just my 2 cents) Yes holding those copper ones also :)
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Pillar of the Community
United States
1903 Posts |
For a good dollar index just use the USD index....takes all the major currencies into account.
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Pillar of the Community
United States
3670 Posts |
"Sounds like J. P. Morgan is up to their old shenanigans again! Lol"
I can always buy that theory, lol....
Great thoughts all on why the dip, been scratchin my head for weeks on this one....
I like the points about the Euro being up in the air, an the US with the upcoming election....
Once the directions are more clear of both the fore mentioned an all the shaky hands should long since be shaken loose by then, we should see its spike of last year again, seeing as how the economic situation is still in real turmoil if you step back an look at the bigger picture of again both Europe an the USA....
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Pillar of the Community
United States
4008 Posts |
Stronger dollar? No, not really. The dollar is one of the better houses in a really crummy neighborhood, though, so when the worse off houses slump even further, it makes the US dollar APPEAR to be improving. Yes, it is a relative thing but since PMs are usually priced in US dollars, dollar movements do impact PM prices. I have no problem with that as long as it is REAL change that is making the prices move. When it is fake change like we have now, then it can give us some buying opportunities that we might not have otherwise had.  Quote:
The Fed is talking about QE again. This has to be about the silliest thing imaginable. The Fed hasn't stopped doing QE since 2008. They are just more nimble about giving it different names. First is was QE, then QE2, then Operation Twist, and now Euro Swaps. All of these shenanigans ARE QE, which is nothing but printing more fiat money, no matter what they are calling it at the time. Quote:
Well no matter what games the feds play anymore the dollar is doomed no saving it no matter what they do. Yes they can drag things out longer but sooner than later the house comes crumbling down it is inevitable now. I agree, Bruce. If we had some minor problems that a little tinkering here and there could fix, then I would say that the Fed can probably do some good with their tinkering. This is not to say that they would only that they could. No, I am afraid that what we have is a lot more like basic structural damage in the US economy and it is not being addressed. If it is not addressed, it cannot improve and can only get worse as they continue to do more of what got us into this position already. None of the causes of the 2008 financial collapse have been addressed. That virtually guarantees a repeat of that episode. Only next time, it will be much worse because it will be MUCH bigger and more widespread. Keep stacking brothers and sisters. Silver and gold are REAL money and about the only money left on this planet that is real. Everything else is nothing but a politician's promise... and we all pretty much know what those are worth!  |
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Pillar of the Community
 United States
1454 Posts |
The central banks will try anything to stave off deflation. The FED didn't learn a thing, or chose not to apply the knowledge, from 1990's Japan.
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Pillar of the Community
United States
1026 Posts |
Well silver $29.49 I did that your welcome.
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Pillar of the Community
Canada
590 Posts |
$28.49 was the open price. Trending down, it's already at $29.36. $25.00 here we come. I hope we get there soon I got some silver to buy.
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Pillar of the Community
United States
5855 Posts |
I was planning on buying some more silver if the price dropped into the $29 range, but I'm still a bit overwhelmed by the thought of the monster box of silver maples I just bought (which I'm still waiting to arrive, btw).
I just noticed, however, that gold seems to also be plummeting today. It's currently at around $1612. Maybe if it drops below $1600 it'll be time to actually purchase some gold for a change...
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Pillar of the Community
Canada
590 Posts |
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I just noticed, however, that gold seems to also be plummeting today. It's currently at around $1612. Maybe if it drops below $1600 it'll be time to actually purchase some gold for a change... I always like to have some gold but recently it's only been jewelry to make the wife happy and some 1/10 or 1/4oz commemorative coins. If we had not gone through such a volatile time gold would be at around $1300 today. personally don't plan to buy gold north of $1500. It's a good future investment with Asia's emerging as a powerhouse, it is far more valued culturally there than as an investment. Also its a good hedge against inflation and that's coming too. Silver is still a better investment due to its industrial need and lack of emerging new mine field assets. |
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Pillar of the Community
United States
5855 Posts |
Well, if Gold drops to $1572, I can pick up five 1-ounce Krugerrands at Goldmart for exactly $8000 with free shipping (they have them for sale at only $27.99 over spot. I have no idea if Gold will drop another $30 today or not, but I think that'll be my target buy price.
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Pillar of the Community
United States
1026 Posts |
Oh my story of my life should have waited today to buy my silver but then it would be going up.
Anyway I am not buying for the price, buying to have a some real cash and also investment as I feel silver will be going way up one of these days in the next year or two.
Edited by Brucec
05/08/2012 10:45 am
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Pillar of the Community
United States
1374 Posts |
To be honest, I dumped almost all over my silver when it was over $40 and bought numismatic coins...
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Valued Member
United States
196 Posts |
Brucec I am with you on that, I am thinking more 3-5 year though. But in the near future I believe the demand will have finally become too much to continue to hold the price at such investor savvy purchase prices.
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Pillar of the Community
Mexico
1304 Posts |
And I thought yesterday's dip was dramatic...Ha! In today's terms it hardly registers! Look that that swan dive into the ground!  |
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Pillar of the Community
United States
3670 Posts |
Gold is down to 1600, an 29.20 on silver. I have been saying for a couple of weeks the line was moving down while appearing to be moving sideways for a couple of months just before, there it is in print....
We have not seen a good climb, like 75 for gold or a 1.50 for silver in several weeks as well....
Gold, platinum, palladium, an silver the buy window is open folks. But for how long an like the gal on a beach getting ready limbo under the poll, how low will she go, lol.....
Edited by Silverhawk74
05/08/2012 12:50 pm
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Replies: 743 / Views: 51,927 |
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Posted 05/07/2012 4:20 pm
