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 Replies: 63 / Views: 7,045 |
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Pillar of the Community
United States
2424 Posts |
.. on silver and gold. http://www.cnbc.com/id/39890980our fears came true. with this new "stimulus", we could be looking at a decline in the dollar and some serious inclines in metals. doesn't say exactly when, but one can guesstimate... |
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Valued Member
United States
71 Posts |
I'm with ya... it's all about diversifying. I'd rather be holding onto something tangible in times of trouble rather than relying solely on a number written down on paper.
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Bedrock of the Community
United States
19931 Posts |
Agreed, gold and silver are king. I'm holding TIGHT.
Did anyone see the article about JP Morgan and HSBC being investigated for manipulating the silver market with huge short positions? I think we're about to see the silver run we've been waiting for. Add this and the gov QE plan and we have the makings for a MEGA silver run.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Bedrock of the Community
United States
19931 Posts |
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Moderator
 United States
16677 Posts |
I agree. Gold and silver positions are crucial as a hedge from exactly what we see right now, a Government out of control.
swcoin.ecrater.com
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Valued Member
United States
55 Posts |
I see/read/hear this going on and I feel like an antelope being stalked by a lion. Yet I still cannot bring myself to take a loan out against the 401k and back up the truck... I hope my instincts are wrong.
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Pillar of the Community
United States
2120 Posts |
Yea, I feel the same way, Dvorak.
Its to put faith in to it now, but in a year when it shoots up, you be left wishing you had.
Only problem is dont buy it with a loam, cause now Silver has to out perform the interest to see profit.
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Pillar of the Community
United States
757 Posts |
I'm guessing it'll take about a year before real effects start showing up. but yeah, buy as much and as cheaply as possible. sell some stuff or something, but a loan? hmm...
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Pillar of the Community
United States
757 Posts |
yeah, but it really does not look good. it's funny, when I tell people this stuff, they think I'm a crazy survivalist. I've tried to tell my friends that they'd be wise to make certain investments, etc. in light of recent events, and I've actually gotten this reply a couple times: "you know, you're going to be one of those guys in a cabin in the woods with a big beard and a tin foil hat when you're older"
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Valued Member
United States
286 Posts |
the us is not the center of the universe until the world gets fixed it will be a bumpy ride so hold onto you hats and collect coins
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Pillar of the Community
United States
3294 Posts |
I will tell you what, I am paying minimum on my fixed rate mortgage right now. If we get some nasty hyperinflation, at least I will get my house real cheap.
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Pillar of the Community
United States
2120 Posts |
Quote:
If we get some nasty hyperinflation, at least I will get my house real cheap. HAHA I was thinking the exact same thing today. |
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Pillar of the Community
 United States
2448 Posts |
I agree, but remember...it's all about how the world views the strength of dollar and our economy. The VIX could fall and the $index actually rise. The $ was up today and the markets had to fight all days to just post a small gain; except the DOW. I believe only 10% of what I hear anymore and only 50% of what I see. The volatility index is moving that fast. They're supposed to do a large portion of QE2 next week; should weaken the buck. Although, I am hoping to sell some gold next week. Common lucky boxcars! (LOL)  |
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Bedrock of the Community
United States
10982 Posts |
The USD starting declining weeks ago in anticipation of QE2. Much of the precious metal price run up this month was because of the declining USD. The big reason behind the decline was an expectation of QE2 happening in November.
So...the world markets have already priced QE2 stimulus into the USD almost entirely. It's a classic case of, "Buy on the rumor, sell on the news". Many are predicting a major metals sell-off next week when QE2 becomes official and the elections are over.
If that happens, I would view it as a temporary set back and in 2011, we'll push Au and Ag higher on more U.S. debt than QE2. Imagine that! Anyway, there could be a buying opportunity in November. Maybe, just maybe, gold will fall back to $1200/oz and silver possibly under $20. It could be a good time to load up for 2011 if that happens. Happy collecting!
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Pillar of the Community
United Kingdom
2838 Posts |
Lots of places are devaluing their currencies at the minute to help with exports etc. I think the Chinese were accused recently of holding back the Yuan, maybe by USA, might have been the EU?
As far as gold goes, when it gets to the point where everyone is telling you to buy, its time to sell.
Look at what happened to the housing market - it was supported by hype for years and subsequently collapsed, unless you already have gold I seriously dont think its an investment. Look elsewhere for somewhere safe for your hard earned pennies.
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Pillar of the Community
United States
603 Posts |
Silver and Gold are undoubtedly good to invest in, but I just want to point out that these large gold sellers who are predicting a total collapse of the value of the dollar, for whatever reason, still accept payment with the very dollar they say will be worthless. Makes me think there might be a little (or a lot) of hyperbole there. Just sayin.
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Replies: 63 / Views: 7,045 |
Posted 10/28/2010 3:55 pm
