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What Happens To Gold And Silver Next? Look Out Below?

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Pillar of the Community
United States
3789 Posts
 Posted 05/10/2013  3:41 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
My dear chap-

I NEVER contradict the market,, rather I go along with what it tells me to do. It is telling me that silver and gold are in a powerful downtrend and the longer they stay down, the more the run is over.
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 05/10/2013  3:57 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Not at all. Ignoring that silvers been working its way down for two years now and saying spot price no longer matters with a worldwide conspiracy in play would actually be the contradictory position.
Valued Member
miggs's Avatar
Canada
281 Posts
 Posted 05/10/2013  4:03 pm  Show Profile   Bookmark this reply Add miggs to your friends list Get a Link to this Reply
Well if you recognize a few key words I like to use once in a while, it probably means
you're also an avid reader of those website, right? Who cares what I read, I only care
about the truth and it ain't coming from msnbc or some crystal ball for that matter.
When you have all the major respectable investors with proven track records,
all saying the same thing, what does that say? No need for tin foil hats to see this is all rigged.

Valued Member
miggs's Avatar
Canada
281 Posts
 Posted 05/10/2013  4:27 pm  Show Profile   Bookmark this reply Add miggs to your friends list Get a Link to this Reply
I also keep tabs on trash websites such as this one, which with this article just shows
the long arm of the bankers controlled information and to what extent they will go to control it.

http://www.mineweb.com/mineweb/cont...06&sn=Detail
Valued Member
Arksun's Avatar
United Kingdom
90 Posts
 Posted 05/10/2013  5:46 pm  Show Profile   Bookmark this reply Add Arksun to your friends list Get a Link to this Reply
Yeaup, definitely a zerohedge tinfoil wearer :D
Valued Member
United States
329 Posts
 Posted 05/10/2013  6:13 pm  Show Profile   Bookmark this reply Add wjl to your friends list Get a Link to this Reply
I get all my news from the onion.
Valued Member
United States
329 Posts
 Posted 05/10/2013  6:22 pm  Show Profile   Bookmark this reply Add wjl to your friends list Get a Link to this Reply
"When you have all the major respectable investors with proven track records,
all saying the same thing, what does that say? "

That they were wrong. Everthing is manipulated. This is nothing new. Its just not gold's time yet which is good news. Gold's time is coming though and when it does you will look at today as the good times.
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 05/10/2013  6:39 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Miggs the truth isn't going to come from the silverdoctors of the world who are getting very rich fear mongerering
Valued Member
United States
329 Posts
 Posted 05/10/2013  7:06 pm  Show Profile   Bookmark this reply Add wjl to your friends list Get a Link to this Reply
Fearmongering would be bad for silver. Silver is primarily an industrial commodity and probably not of very much use in the US as we shed quite a bit of industry. Silver is secondarily, currency. While it is a precious metal, it is not money. Gold is money. For thousands of years Silver as a currency has been devalued against Gold money. You should buy gold and sell silver. Silver is going nowhere without a stronger global economy. And we seem to be losing ground. Profits usually top before markets, so there is little interest in gold which is when you buy.
Edited by wjl
05/10/2013 7:08 pm
Pillar of the Community
United States
2168 Posts
 Posted 05/10/2013  7:19 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
I believe silver is money as well. Didn't judas betray Jesus for 30 pieces of silver?
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 05/10/2013  8:26 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Fearmongering would be bad for silver.


No it wouldnt.

Fear mongering is whats driving the buying at stupid premiums and causes some people to convert their money into PMs. Fear mongering increases interest and buying which is never bad for it.


Quote:
I believe silver is money as well. Didn't judas betray Jesus for 30 pieces of silver?


Something like that.

It was money, now it can be traded for money so it does have value no doubt but money wont be made from it again
Valued Member
United States
329 Posts
 Posted 05/10/2013  8:56 pm  Show Profile   Bookmark this reply Add wjl to your friends list Get a Link to this Reply
"Fear mongering is whats driving the buying at stupid premiums and causes some people to convert their money into PMs."

So I guess in that respect paper silver is superior? People are buying coins. There is a shortage of coins. Institutions are selling silver. They are two different things.
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 05/10/2013  9:02 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply


Quote:
So I guess in that respect paper silver is superior?


Depends why you buy. If you like coins obviously not. If youre only buying as an investment hoping to make money then yes it is


Quote:
People are buying coins. There is a shortage of coins. Institutions are selling silver. They are two different things.


Theres no real shortage of coins theres listings for them everywhere. There may be some specific shortages but thats basically died down.

Theyre definitely different, but coins do increase the demand on silver
Valued Member
United States
329 Posts
 Posted 05/11/2013  05:25 am  Show Profile   Bookmark this reply Add wjl to your friends list Get a Link to this Reply
"Theres no real shortage of coins theres listings for them everywhere. "

But you have to wait for delivery because of the shortage. They will make more, but it takes time. The only thing that puzzles me is why people think silver will perform during deflation.
Valued Member
United States
329 Posts
 Posted 05/11/2013  07:41 am  Show Profile   Bookmark this reply Add wjl to your friends list Get a Link to this Reply
Stocks and bonds have been rising in terms of silver and gold for about 2 years now. I can't tell you where either are going. But I can tell you with a reasonable degree of certainty that if you sit 100% in a place too long you are going to get zapped hard. Thats the nature of negative real rates, hot money and the resulting dysfunction and ineffiency.
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