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 Replies: 48 / Views: 4,725 |
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Bedrock of the Community
13014 Posts |
Quote:
A lot of new investors were sold on gold at $1600-$1900 and silver at $35. Once the losses start to hit they are going to run. They saw the losses in the stock market in 2000 and 2008 and in housing in 2008-2009. I just don't think they are going to wait around to see big drops again. Thats a good point. People wont wait around like before, well most wont which will depress the market. The other thing to is real or perceived if people think the economy is getting better PM sales go down. |
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Valued Member
United States
432 Posts |
I don't think this drop in silver and gold will last for long.
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Pillar of the Community
United States
3670 Posts |
One of the first things VANDERBILT did if I am not mistaken-was when the competition train stock plummeted-he bought it all up.....
First example perhaps of a corporate takeover.....
One of the first examples of the first known corp downsize-was when Blackbeard intentionally beached "The queen Ann's revenge" perhaps an took smaller crew, ship, and of course all the booty and set sail leavin most of the crew stranded. He was no Black Bart but don't even get me started on piracy history lol....
Edited by Silverhawk74
12/18/2012 9:16 pm
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Bedrock of the Community
United States
36844 Posts |
Another day of bankster games and manipulation. Fox Business had a report that said beware of gold it is headed down to $1200. Fat chance.
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Pillar of the Community
United States
2661 Posts |
I am hoping for $20 silver myself, at least long enough for me to snatch some up in sizable quantities.
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Pillar of the Community
United States
919 Posts |
We hit $20 and I'm buying all of the bullion ATB 5 oz pucks and ASE's I can find. Toss in a couple $20 St's and Buffalo's and it will be a great 2013. Oh to dream. I want the chance to buy 1 oz gold coins at $300 like the people in 2001 or so. |
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Valued Member
United States
148 Posts |
I'm just hoping for a stable price to continue to accumulate at. If the price was down 50% I wouldn't do something stupid like cash out retirement or spend my emergency fund on silver. Likewise if it doubles I'm not going to sell my coins to try to find the next big thing. 25 seems like a decent price, so does 31, so does 37. I think consistency is key.
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Pillar of the Community
United States
2543 Posts |
Unfortunately the equation is rather simple. The economic indicators tank and people run to PM's for safety and the price goes up. The economy shows growth and people bail on the PM's and the price goes down.
It stinks because you almost have to root for a crappy economy to see your PM stash value rise.
I personally think this is just the yearly holiday retreat.
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Valued Member
United States
151 Posts |
I am salivating at the thought of gold droping below 1600 in the next few weeks/months . . . if it does, I'll pounce bigtime!
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Valued Member
United States
280 Posts |
I have an idea as to why PMs are dropping like they are: people are selling all their PMs because they think that the world will end on the 21st. Sounds silly, but it is probably true. More people selling(supply) + lower demand = dropping prices.
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Pillar of the Community
United States
3670 Posts |
If you gonna bargain hunt you better go to a big wholesaler like APMEX as I am not lowering prices at all lol. It all can set there until silver goes back up towards 35 per oz. an that is fine with me..... And most small nobodies like myself probably take that same attitude..... As far as 2012 lol that is so 2009. I am already planning for 2043 when an asteroid may hit Earth an if that doesn't work out Newton come up with some asinine Bible code formula that says the world will end in like 2059. I may get to see it yet or three strikes an your out..... Most who do hold on to that 2012 hope, probably expects SHTF situation verses total mass extinction where 90% will still have great value and be needed. An why sell for 3 days of profit. Minus a PayPal ATM card you may not see that cash in account before the big one 21st with average 3 to 4 day transfer time ;)...... Edited by Silverhawk74
12/19/2012 12:04 am
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Bedrock of the Community
13014 Posts |
Quote:
Most who do hold on to that 2012 hope, probably expects SHTF situation verses total mass extinction where 90% will still have great value and be needed. An why sell for 3 days of profit. Minus a PayPal ATM card you may not see that cash in account before the big one 21st with average 3 to 4 day transfer time ;)...... Im predicting a drop the follow week if the world is still here |
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Pillar of the Community
United States
919 Posts |
Silver moving down again today (12/19/12). Looks like it is headed under $31. Down to $31.25 and picking up speed. Makes those two rolls of Peace dollars I bought last week a loss. Oh well, it does bring those ATB 5oz pucks in play. Maybe Santa will bring me one or two of those. Edited by tpg22
12/19/2012 09:41 am
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Valued Member
United States
264 Posts |
Shhh! I am waiting on those ATB pucks as well! Last year when we had a dip like this, I was able to snag several Fuji Taku 5oz pucks for less than ATB!  |
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Pillar of the Community
Canada
834 Posts |
$30.77 spot currently right now in Canada. The perks of a stronger dollar
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Replies: 48 / Views: 4,725 |
First Page
Posted 12/18/2012 7:23 pm
