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Gold Is About To Plummet!

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traevin's Avatar
United States
1454 Posts
 Posted 05/14/2012  7:46 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply

Quote:
Barry and Bruce... I want to thank you guys for being the canaries in the PM coal mine. You just don't know how incredibly valuable you guys are to the rest of us!


That's harsh, Ed. LOL. But the good news for you guys, and the rest of us, is that we KNOW PMs will surpass the paltry prices we see today. You never truly lose unless you sell low.
Pillar of the Community
United States
648 Posts
 Posted 05/14/2012  8:56 pm  Show Profile   Bookmark this reply Add tripncoins to your friends list Get a Link to this Reply
If silver drops below $25....well..at least do it before I go to the coin show this weekend!!!!!!
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 05/14/2012  9:25 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Silver will have to drop below about $9 for me to loose any value on the bullion content of my (numismatic) collection.
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Ed_B's Avatar
United States
4008 Posts
 Posted 05/15/2012  5:52 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
That's harsh, Ed. LOL. But the good news for you guys, and the rest of us, is that we KNOW PMs will surpass the paltry prices we see today. You never truly lose unless you sell low.

Hey, they are the guys who are saying that PMs *always* go down in price AFTER they buy. I'm just saying that there ARE some benefits to their noble sacrifice.

Selling low is not good, whether it is PMs or some paper investment. This should remind us all that money invested in PMs should be long-term money that can be held for a long time just in case the PM market stalls out on us. I don't expect that but it has happened before.
Pillar of the Community
Tim Stroud's Avatar
United States
2661 Posts
 Posted 05/15/2012  5:59 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply

Quote:
Selling low is not good, whether it is PMs or some paper investment. This should remind us all that money invested in PMs should be long-term money that can be held for a long time just in case the PM market stalls out on us. I don't expect that but it has happened before.


For my benefit I hope it goes (silver)to around $15 and stays there for 3-5 years so that I can re-accelerate my buying of bullion again. I slow my buying when it hits $25 in order to preserve my profit potentials.
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barryg's Avatar
United States
5855 Posts
 Posted 05/15/2012  6:05 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Yep, I'm definitely in it for the long haul (assuming no emergencies that require immediate liquidation of funds). The thing is, though, that I'm betting on PMs being worth significantly more in 20 years, and that's by no means a sure thing.

If PMs are at their current level in 20 years or, heaven forbid, significantly lower, I'm really going to feel really bad about all the silver I bought at $35 and $31 when I could have waited a month or so and bought it at $27 instead. Worse, my wife is going to make me feel really bad about it...
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traevin's Avatar
United States
1454 Posts
 Posted 05/15/2012  6:50 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply

Quote:
For my benefit I hope it goes (silver)to around $15 and stays there for 3-5 years so that I can re-accelerate my buying of bullion again. I slow my buying when it hits $25 in order to preserve my profit potentials.


Tim,

You and I are of a single mind on that issue. Silver above $25 is hard to digest for me.
Pillar of the Community
Silverhawk74's Avatar
United States
3670 Posts
 Posted 05/16/2012  12:02 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
I am with Ed, as I am hangin out deep in the coal mine until the canary dies, then I am headed topside fast if still possible, rof.....
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