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 Replies: 24 / Views: 3,033 |
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Pillar of the Community
United States
1450 Posts |
I think it is that"industrial metal"tag everyone wants to attach to silver that is hurting it right now. As markets fall,production falls and silver,as an industrial commodity falls. If you watch over the next couple of weeks,I bet silver and copper will move up and down in lock step. If they do,you know that silver is being looked at primarily as an industrial metal right now. That will change if things deteriorate quickly!
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Pillar of the Community
United States
3670 Posts |
I think everything is in neutral right now, waiting to see what the gov messes up next, QE-468 or what freakin ever....
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Pillar of the Community
United States
4008 Posts |
I agree, Hawk. If the government cannot find something to mess up, they will first create it and THEN mess it up! <insert forehead slap Smilie here>
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Pillar of the Community
United States
931 Posts |
I think the Gov is going to have to move with more quantitative easing. The next time there is a headline that the presses are going to speed up gold will move to $1700 and silver to at least $55-$60. There are some payments coming due and Congress is going to require more cash to meet unfunded obligations. Sooner or later it will happen and the next one is going to be rocket fuel for precious metals. I'm thinking hard about pulling the trigger on two rolls of ASE's. Not only will this next QE take place it is going to be a way of life from here on out until the dollar is even more of a bad joke than it already is. They have pushed it past the point of no return. It's such a joke how everyone is bagging on Greece to keep people from realizing that their own currencies are just as weak. That is a really nice looking Eagle fist man! It's also one of the best bullion bargains anywhere right now. Edited by junior e
06/17/2011 8:49 pm
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Pillar of the Community
United States
4008 Posts |
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I think the Gov is going to have to move with more quantitative easing. I'm convinced that you are right, Jr. After all, when something has been proved not to work, what does the government do; more of that or less of that? Clearly, they will do more of it. Once we understand how these folks are mis-wired, predicting their actions becomes a simple matter of reversing what a normal rational person would do. Unfortunately, they are not 100% consistent, so expect a few times when this kind of logic flip does not work. :-/ Quote:
There are some payments coming due and Congress is going to require more cash to meet unfunded obligations. With currency created out of thin air as if by magic, there will still be "unfunded" obligations, no matter how much they "pay" for them. Real money is real payment. Funny money is... well, just some paper that people think is money. I have a board game in the closet that has all kinds of this stuff. It is called Monopoly. Quote:
Not only will this next QE take place it is going to be a way of life from here on out until the dollar is even more of a bad joke than it already is. When those in charge realize that they cannot affect the outcome of events that have been in progress for several decades, they then do things just to "look busy". This strikes me as one of those busy work kinds of things. This is exactly what occurs when something is circling the drain that leads to oblivion. I can paraphrase their logic with, "Well, we know that QE1 and QE2 did not work, so we will be starting QE3 shortly". Doing the same thing over and over while expecting a different outcome is one of the definitions of insanity. When we look at US fiscal and monetary policy for the past 40+ years, it is difficult not to consider that the inmates really are running the asylum.  |
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Pillar of the Community
United States
3670 Posts |
There must have been more smart people running the country, than stupid at some point. But I believe the scales have shifted, the STUPID in charge now out weigh the SMART, and I hate I could still be around 40 or 50 more years to witness it all come crumbling down.... Like that stupid congressman who's ridiculous name will remain unsaid is a prime example. I saw one poster say that they saw pictures of him online, and they said if he was REAL excited and ran into a wall, he would have broken his nose  . That bout sums it up eh.... Yet scum like that is making crucial decisions for us all, God help us, seems like another wise poster may have said... Edited by Silverhawk74
06/19/2011 11:14 pm
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Bedrock of the Community
United States
14454 Posts |
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Man, that thing HAD to have been cleaned... too pretty for how old it is :) I don't see any indication that it has been cleaned, you have to remember Gold doesn't tarnish like Silver and it will look the same for hundreds of years with very little change. So saying it is to pretty to be that old doesn't really apply to any gold coin |
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Pillar of the Community
United States
4008 Posts |
I agree with that, Bryan. Gold does not tarnish so should look extra nice for a very long time.
That said, old gold coins that have seen years of circulation will get dirt, oil, scratches, and nicks on them from general use and banging around with the other coins, keys, etc. in the pockets and purses of people who owned them. This is not a problem for the new gold coins that are not circulated and that spend their lives in protective wraps.
A lot of the old gold coins that are now for sale are sold as "cleaned". My guess is that in most cases, this simply means that they have been carefully washed and dried to remove the crud that naturally got on them through many years of use.
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Valued Member
United States
287 Posts |
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Pillar of the Community
 United States
802 Posts |
To continue on this topic... Gold is down about 2.5% ans silver is down 4.5%
It continues :S
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Pillar of the Community
United States
3670 Posts |
Wow 135, I just looked at the numbers and the bottom has fell out of both today, what a buying window now, esp for gold, as yesterday it was getting very hard to find any significant size gold coin shy of 200 dollars or less....
Edited by Silverhawk74
06/23/2011 2:55 pm
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Pillar of the Community
United States
802 Posts |
I've said it before and I'll say it again. God is up almost 1% while silver is stagnant. I would prefer the opposite :)
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Pillar of the Community
United States
2120 Posts |
Seems the attitude lately is, Protect against collapse with gold. Invest in silver as an Industrial metal, not a substitute for Gold.
At least thats the feeling I'm getting. Seems to match the recent trends.
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Pillar of the Community
United States
4008 Posts |
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Seems the attitude lately is, Protect against collapse with gold. Invest in silver as an Industrial metal, not a substitute for Gold. I agree, Ian. That said, though, the fundamentals for silver haven't really changed all that much. Consumption is still out-stripping supply, old hoarded silver is still being sold to scrap metals recovery companies, new silver mining capacity is not expanding much, if any, and retail demand is increasing. Personally, I like the fact that silver has so many uses.  |
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Pillar of the Community
United States
802 Posts |
Once again, we have gold up about 1 percent and silver down a half percent.
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Replies: 24 / Views: 3,033 |
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First Page
Posted 06/16/2011 11:13 pm
