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 Replies: 20 / Views: 3,477 |
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Pillar of the Community
United States
505 Posts |
The asians dont seem to want to see silver drop and are trying to prop it up themselves!
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Valued Member
United States
384 Posts |
Yeah that kitco chart makes me think $35 could be the new bottom. It came close several times, but wouldn't break below.
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Pillar of the Community
United States
3670 Posts |
They got to much tied up in pm's now perhaps, so there doing all they can to keep it up eh. Curious what can a group of people with enough financial power and influence do to affect something on that large of a scale?
Funny, I always notice most of you who are all way more knowledgeable about not just pm's, but the stock market and investing as a whole say that when it drops, it is because people are selling. O.K., yeah people are always buying and selling. Every time one sells, there is the opposite end of the spectrum via the buyer. My point being buying and selling is occuring 24/7, what else here is the factor for the most recent drops?
I think shortage of silver plus the economy, debt, and falling dollar, will be the key to sending it back up....
I recall another member posting about 1 oz of silver in every back wind shield for defrosting, via the high currency factor of the silver, each 1 oz. UNRECYCLABLE. Think about how many new cars hit the road every day, with that lost oz. of silver in the back wind shields. I am sure silver is lost in many other ways, or not properly recycled before it hits the land fills....
I think this will just add to that rising price of silver down the road....
Edited by Silverhawk74
05/11/2011 11:05 pm
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Valued Member
United States
310 Posts |
I was thinking this today too. Seems to be the US that's been driving the price down. Maybe it's a conspiracy bring the rest of the world down to our level :)
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Pillar of the Community
 United States
505 Posts |
Well the asian market just dropped silver a dollar within minutes...Guess even they cant help us
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Pillar of the Community
United States
1143 Posts |
If you are looking to buy you might stop and think it wasnt all that long ago we were in the 20's and could be again. Wait for sort of stabilization before adding. Such market makers like Ampex will have to widen their buy/sell bids in a market moving this fast. Caution advised.
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Valued Member
United States
71 Posts |
Quote:
If you are looking to buy you might stop and think it wasnt all that long ago we were in the 20's and could be again. Wait for sort of stabilization before adding. Such market makers like Ampex will have to widen their buy/sell bids in a market moving this fast. Caution advised.
This seems like very solid advice. Thanks!  |
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Pillar of the Community
United States
1348 Posts |
what was his name? the guy that said, "when everyone else is running scared, BUY BUY BUY!" morgan or something
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Valued Member
Cyprus
349 Posts |
I heard that the Asian collectors only want China silver coins.
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Valued Member
United States
458 Posts |
"I heard that the Asian collectors only want China silver coins."
Probably b.c most of the U.S silver coins that come from there are counterfiets.
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Bedrock of the Community
United States
14454 Posts |
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Probably b.c most of the U.S silver coins that come from there are counterfiets. That may not be to far away from the truth there |
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Pillar of the Community
United States
4008 Posts |
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what was his name? the guy that said, "when everyone else is running scared, BUY BUY BUY!" morgan or something There was another quote to the effect of "Buy when there is blood running in the streets", or some such. Don't recall who that was but it is one of those famous Wall Street quotes. |
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Pillar of the Community
United States
4008 Posts |
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Probably b.c most of the U.S silver coins that come from there are counterfiets. Probably so! Knowing how the Chinese tend to operate, counterfeiting our coins probably earns them a "Tsk, tsk!" and a bri.. er, fine... from the local magistrate but if they counterfeit Chinese coins, it is a 9 mm to the back of the neck time.  |
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Rest in Peace
United States
9104 Posts |
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"Buy when there is blood running in the streets", or some such. Don't recall who that was but it is one of those famous Wall Street quotes. When 9-11 happened, stocks plunged (IIRC, they closed the exchange). People were glued to their TVs, and anyone with items ending on ebay took it in the neck. Smart buyers kept buying at bargain prices. After the dust settled, they made big bucks. But what if we were plunged into WWIII? Doesn't matter anyway then, does it? |
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Pillar of the Community
United States
4008 Posts |
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Smart buyers kept buying at bargain prices. After the dust settled, they made big bucks. - BiggFredd Indeed they did. I had some free cash at the time, so doubled down on some of my paper investments. They have done rather well over the past decade, in spite of the 2008 crash. Of course, this is all tracked in terms of paper and not PMs, so the REAL gain is a lot less than it appears to be. Too bad that they do not show the Dow 30, S&P 500, and NASDAQ in terms of gold. Now THAT would be illuminating... and probably terrifying at the same time. Maybe that explains why they do not do this? :-/ Quote:
But what if we were plunged into WWIII? Doesn't matter anyway then, does it? That depends on the nature of such a conflict but probably not. |
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Rest in Peace
United States
9104 Posts |
I saw a chart where they showed silver by nominal price, then reduced by the CPI, finally by the CPI the way it used to be calculated.
The latter showed silver almost flatlined for 30-40 years.
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Replies: 20 / Views: 3,477 |
Posted 05/11/2011 10:57 pm
