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 Replies: 41 / Views: 2,846 |
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Pillar of the Community
United States
1415 Posts |
You guys selling short  Can't wait to watch the action  |
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Pillar of the Community
Australia
1040 Posts |
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Really, latman? I should try this. I haven't actually done this, as the ebay fees would be around $25 and then there is paypal fees as well. In my opinion, the spread isn't enough to warrant the effort. I am just lucky enough to have one of our largest precious metal dealers in the nest suburb. Quote:
You guys selling short And I definitely don't recommend this. Just in case the price rebounds overnight. |
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Pillar of the Community
United States
2269 Posts |
I was looking at the prices of precious metals today and I was absolutely stunned by how fast they are falling. I didn't think I would see gold under $800.00, platinum under $1,400.00, and silver near $13.00 so soon.
I'm thankful that I decided to sell back in June.
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Rest in Peace
United States
5375 Posts |
I just bought 20 oz with the spot price at $13. Low enough for me to get some. Didn't spend all my money in case it takes another plunge.
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Bedrock of the Community
United States
20753 Posts |
Short memories. Gold, Silver, Platinum, etc. prices always go up and down. For a while there they were up, up, up and now down, down, down. How far down is anybodies guess right now. The main problem is that there are governments, our included, that could flood the market with Silver, Gold, Platinum, Diamonds and many other items but just hold back enough to keep the markets from crashing completely. Actually with Diamonds they could make them by the ton if they wanted. Imagine an engagement ring with a real 1 carrot Diamond for $10. I'd be carefull out there with purchases of any metals right about now.
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Pillar of the Community
United States
6326 Posts |
 .......hence the term "roller coaster ride" ......  Quote:
Actually with Diamonds they could make them by the ton if they wanted I've actually heard that Russia has more "Diamonds" than the Africa mines and could easily "flood the market" with them......which would only "devalue" the diamond worldwide.....so of course they don't do that....... And I, for one, would certainly love to see gold "tank" and get sooo cheap that we could all buy a bunch at ridiculous prices.....but....short of that......it'll probably just stay only so low for so long.....too volatile of a market and unknowable as to what it'll do. You'd be rich if you could "predict" what the drastic "fluctuation" might or might not do ! |
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Pillar of the Community
United States
860 Posts |
On the financial channels, especially the "world market" channels, the british experts are saying the downward drop of the dollar is at the bottom and recommended selling gold especially on the US market as a play on the US dollar. Sell gold, get US dollars. He was expecting a 20-30% drop in gold prices within the next year or two as the value of the dollar improves. He didn't mention silver or platinum, but suspect the same idea.
Jim
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Pillar of the Community
United States
5318 Posts |
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I've actually heard that Russia has more "Diamonds" than the Africa mines and could easily "flood the market I recall something said to that effect on a British documentary. In fact, if DeBeers opened the floodgates of their inventory the diamond market would crash too. This might explain why nobody is doing that? It's just carbon, after all--not a terribly rare material. Maybe I'll convince a wife someday to skip the diamond on principle? Riiight. |
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Pillar of the Community
Australia
1040 Posts |
Or maybe a big chunk of coal? I am sure she would throw it so hard it would turn to diamond.  After all, it is just carbon. |
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Pillar of the Community
United States
5318 Posts |
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I am sure she would throw it so hard it would turn to diamond. If I played my cards "right", I'm sure she would. With my luck, I could out-produce DeBeers in no time.  Edited by KurtS
08/16/2008 02:13 am
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Bedrock of the Community
United States
19963 Posts |
The gold bottom is near! I'm going to pull money from savings and bet on gold soon.
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Pillar of the Community
United States
5318 Posts |
BadThad, if we were to guess a "bottom" just for fun, where would we put it? I'm going to say $675.
(not investment advice)Edited by KurtS
08/16/2008 11:07 am
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Pillar of the Community
United States
1267 Posts |
As I've posted before on other forums (I honestly believe) the future is virtually unlimited for silver, I'd expect to see $35.00 within two years or less. As for gold, while it's down now I really can't envision a big surge over $1000 and Au never reaching $1050 in any foreseeable date, all of this is simply my humble opinion. Please see the attached link: http://Deleted012&threadid=426802Do your own DD though. Take Care Ben OOPS, my bad on the link. Ben Edited by Bonedigger
08/16/2008 11:18 am
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Pillar of the Community
United States
869 Posts |
Maybe copper will pass silver. It hasn't dropped as much. HA HA
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Valued Member
United States
84 Posts |
End year gold will be about $600 , silver should be about $10 and maintain around that. Changing a little , buy ups and downs. Oil will be about $70 to $80 , sweet crude. The dollar will finaly continue it's rise. Maybe then I will invest in both.
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Replies: 41 / Views: 2,846 |
First Page
Posted 08/14/2008 11:27 pm
