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 Replies: 18 / Views: 2,258 |
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Rest in Peace
United States
5375 Posts |
For some reason it's near the price of gold...I imagine this is because some kind of excess in the mines, as it typically is around double the price of gold, right? Anyway, good idea to pick up 1 oz?
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Pillar of the Community
United States
1359 Posts |
I think so. Everything will be back to normal soon.
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Pillar of the Community
United States
1219 Posts |
Back to normal soon, I hope not. We've become a nation of spoiled brats and rich crybabbies. It's about time for these people to fall flat on there noses. Maybe when they have to reach back and pull themselves by the seat of there pants, they will quit crying HELP HELP HELP and help themselves, instead of reaching into our pockets.
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Valued Member
United States
264 Posts |
I'm buying any bullion I can get at a decent price. Problem is most auctions are going for 2-4x spot price which is just nuts.
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Pillar of the Community
United States
4541 Posts |
I think it has to do also with the fact they use platinum for industrial uses if I am not mistaken... So with everything going to crap no one is buying platinum b/c everything is at a stand still.. But if you have the money to get some go for it  |
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Pillar of the Community
Australia
3831 Posts |
No, platinum supply will increase when the politics in Zimbabwe is over, supposedly in increase of about 15%+ of CURRENT supply in the next 5 years. This is a significant figure. On the other hand other platinum group metal such as rhodium, iridium etc are more interesting as there are no other new sources found.
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Pillar of the Community
United States
812 Posts |
I've read that 60% of mined platinum is used in automobile manufacturing. I think the downturn in the auto industry is the reason for the current drop in price.
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New Member
Canada
30 Posts |
be carefull the price of gold might drop to even everything out.
I bought Silver, some not a lot. They convinced me it was protection against inflation.
But I started thinking after I bought them I got suckered.
If the dollar drops in value then silver will be worth more. But so will everything else. Silver costs 10x the price, but so does bread.
I belive it is a suckers bet. I bought 40 silver candian maples the other day. 3.55 over spot. I figured if they are going to refine it, make sure it is pure, melt it down and make the coins I can pay 3.55
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Pillar of the Community
United States
5318 Posts |
And, if US banks/credit freeze up, people may need to sell their metals to stay liquid.
This is very hard to predict, and I offer none.
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New Member
Canada
30 Posts |
price of silver droped tons today. whoops lol
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Pillar of the Community
United States
5318 Posts |
Wow...look at that, silver dropped below $10!  Edited by KurtS
10/10/2008 4:16 pm
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Moderator
 United States
16677 Posts |
Buy silver & stocks!
swcoin.ecrater.com
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Pillar of the Community
United States
5318 Posts |
brave man, you.  |
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Pillar of the Community
 United States
5953 Posts |
Can't buy silver at anything like Spot. Cashed in some Gold Jewelry today from MD'ing. The cheapest Silver was 1,000oz bar at $1.75 over spot per oz. Eagles were $5 over spot no 10oz bars to be had and 100oz bars were $3.00 per oz over spot.
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Valued Member
United States
294 Posts |
Stupid question. Since the US no longer has a gold based economy (no gold in Fort Knox  ). Who is buying up all the melt gold and were did our gold go? Seeking:who's hording the gold? Rainman |
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Valued Member
United States
64 Posts |
I think that by this time next week silver may be at 5.00 a oz and gold at 550.00 a oz. Give or take a little bit on those prices.
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Replies: 18 / Views: 2,258 |
Posted 10/08/2008 1:46 pm
