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 Replies: 12 / Views: 1,804 |
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
United States
5830 Posts |
So what is strengthening the US dollar? By printing more paper currency?
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Bedrock of the Community
United States
10284 Posts |
Yesterday I saw on some news broadcast that the sales in November were up by 8 point something percent as last year in November they were only up 5 point something percent and it showed a graph of the past year showing the negative dip during the recession this past year. I know that the US market does not equal the whole world market but I would have to think that that report may have something to do with it. The report was very optimistic for the future economy so maybe gold and silver took a dive.
I think it will come back up at some point.
It has hovered at around 1650.00 and 31.00 an .oz for quite sometime now.
I hope there's no need to panic and I hope I am not missing the bus on either selling or buying.I guess I'll just sit on it as I was hoping the day of $2000.00 and $50.00 an .oz will come back again.
I don't care when it happens, I just hope it does.
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Pillar of the Community
Canada
3692 Posts |
Why would you hope for worse times? So you can profit with extra dollars in your pocket? That makes no sense.
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Pillar of the Community
United States
2168 Posts |
Some are in the PM asset to make $ some for security. My opinion has been that if PMs skyrocket times will be hard but at least hoopefully the PMs will help with survival. If they go down hopefully that means the country has recovered and I although no $ made will live in a more stable calm world and still have the PM. I am not in it to make a quick buck but for some security in preserving the little I have
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Bedrock of the Community
United States
10284 Posts |
Quote:
Why would you hope for worse times? I am not hoping for worse times, I am not selling until the price hits a certain level. I hope it hits that level at some point. I don't see where I posted that I wish the economy would get worse, or generally that times get hard. There's nothing evil in me to hope to sell gold at $2000.00 and silver at $50.00 and having the patience to wait until that can happen.  |
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Pillar of the Community
United States
1554 Posts |
Don't know if what this article says is the reason why metals tanked today. I personally beleive in market manipulation more than a strong dollar. But hey, what do I know, I just like silver $'s and silver 1/2's in high MS condition.
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Pillar of the Community
United States
3670 Posts |
Sure, Pm's seem to really go up in the bad economic times, but there are plenty of good folk who make a living off of buying an selling it all the time regardless of the current market price or economic situation, good or bad. It is probably too over stated here but so very true, is when one buys real nice items in silver or gold for example, it matters not what the market does as that premium or numismatic factor holds its value and the market drops effect those nice items value little to ZERO. As the sellers on ebay rarely lower their prices enough to make any significant difference, minus them needing cash fast and they know it will not last long when they drop it down close to spot.... Edited by Silverhawk74
12/14/2011 11:24 pm
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Valued Member
United States
421 Posts |
Hi all I am up kinda of late here, it is about 2 am East coast time. I am checking the pm world markets and http://www.goldmoney.com has spot silver down to $28.14 and gold is at $1565.20 an oz. Not sure but I think that is down from the close of our markets yesterday. I don't think the dollar has gotten stronger causing the markets to dip, I feel it is just some few deciding to sell and take some money before the end of the year for things. I too am looking forward to the new year and what it will bring. looks like I could be adding a few new semi-key dates of silver to my collection if I can get lucky or I might just add some .999 rounds or bars |
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Pillar of the Community
United States
4008 Posts |
The US dollar has strengthened a little recently. A good part of this may be due to the weakening of the Euro and people converting Euros to US dollars. Higher demand is putting some upward pressure on the dollar price vs. the Euro.
Lower PM prices can be caused by a lot of things. Most recently, the financial problems in Europe or investors selling PMs to raise cash for other investments or to lock in profits. There are also some seasonal price issues at work now, probably via falling PM demand as people spend money on Christmas gifts, travel, holiday food, etc.
I haven't read or heard anything lately that says that PM fundamentals have had any part in this sell-off.
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Pillar of the Community
Canada
1502 Posts |
hopefully it drops a bit lower as we near new years. would be a good opportunity then to stock up and sell come spring.
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Pillar of the Community
United States
1450 Posts |
I think most of this drop is because folks in Europe are selling anything of value,including gold. Once things in Europe change,however they are going to change,gold will head back up and probably higher.
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Pillar of the Community
United States
4008 Posts |
I agree, Hock. Those who are selling gold must be spending or investing the money fairly rapidly. The idea of holding a wad of Euros as the currency sinks lower and lower shouldn't have a lot of appeal. Buying tangible assets or paying off bills with any PMs converted to currency seems more likely.
I also am hoping for lower PM prices, especially gold. I would like to buy some sometime in the next month or so.
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Replies: 12 / Views: 1,804 |
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Posted 12/14/2011 6:22 pm
