Silver And Gold Free Fall

Impossible to say really. A lot of people here are deep into PMs, and if we knew this kind of info, we could all be rich by buying as low as possible and then selling as high as possible.

I personally believe the market is being manipulated and that if left to itself, silver would be much higher right now.

Also, if the people holding hypothetical/electronic-in-a-computer-file silver would want to cash in and demand physical metal, the price would most likely skyrocket b/c (from what I have learned here and online), people playing with the market who have these type of "holdings" deal with far larger numbers than the actual amount of silver in existence.

At the risk of sounding political, I also see a huge leap in price if the current administration gets re-elected simply b/c the tanking of the economy normally makes people ant something solid to put their money into. I am convinced this is why silver spiked as it did the last few years - people losing jobs, terrified of what was coming. Then the price was manipulated downward by the powers that be.

My opinion is to be in it for the long run and you most definitely cannot lose - since silver retains its value.

A silver dime's value will still buy the same amount of gasoline as it did in 1964. The same cannot be said about non-silver coins made in the 70's etc. - these have lost tremendous value.

Thank you, Earle42.

Great question. I wish someone had the answer. Where are all of the psychics when you need one?

Don't forget about the silver spike of 1980. Look how long it took to recover? And don't always expect it to recover, if it spikes up. Look at the price of the 1950-D nickel. It is still a lot cheaper now, than it was around 1960.

A lot of the price of silver and gold follows the price of oil. Look how cheap oil was in the 90s and look how cheap gold and silver were. I've read that gold follows oil, in price, but it has a lag time of around 6 months. It is probably much shorter of a lag time now, since we have the internet and how info travels, so fast these days.

And we have a more active world market than ever before. Look at what the economies of Greece and Italy have done to ours? Since when were we ever dependent on them? But they did have a serious affect on us.

Lots of variables are involved in the prices of gold and silver.

Someone needs to write a program and get it to predict those prices.

And don't forget about the speculators and the people that buy futures on them.

I think silver is a steal at these prices!

We don't have to look that far afield to find out who is spending more money than they have. There seems to be plenty of that going on right here in the USA.

I would agree that if there is a monetary collapse, it will likely start in Europe and then come here as more people realize that the US is NOT a safe haven that will protect them from European monetary problems. They will think that initially, so money fleeing Europe will likely go into US dollars and Treasuries. Once the contagion reaches the US, however, the thin veneer of that assumed protection will become shockingly clear to one and all.

Right now, there are two gigantic economy busters on the loose... derivatives and government bonds. Either or both of these could easily collapse the entire world economy. The only questions are: 1) will they?; and 2) if so, when?