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Getbig Main Boards => Politics and Political Issues Board => Topic started by: MB_722 on February 05, 2011, 12:30:43 AM
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Thanks buddy. We will see another spike in PM's soon.
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Thanks buddy. We will see another spike in PM's soon.
Silver: $31.57/oz
Gold moving back up slowly: $1385.10/oz
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Silver: $31.57/oz
Gold moving back up slowly: $1385.10/oz
Hasn't been that high since the Hunt brothers attempted to work some voodoo magic back in the 80's
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I want to buy some silver just don't know where.
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(http://www.kitco.com/images/live/gold.gif)
(http://www.kitco.com/images/live/silver.gif)
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How are you guys buying these metals? Paper? spot? ETF's? derivatives? taking delivery?
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Back up again. New highs soon.
Gold 1430/oz
Silver 34.48/oz
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Gold up -
Nation going down.
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Gold up -
Nation going down.
$7K per ounce gold means US debt is covered.
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Back up again. New highs soon.
Gold 1430/oz
Silver 34.48/oz
NEW YORK (CNNMoney) -- Gold prices settled at a new record high on Tuesday, as unrest in North Africa and the Middle East pushed the safe-haven commodity north of $1,430.
April gold futures rose $21.30, or 1.5%, to settle at an all-time high of $1,431.20 an ounce.
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$7K per ounce gold means US debt is covered.
Is that the plan?
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Land and Property>Gold
Hope this helps.
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Land and Property>Gold
Hope this helps.
No, not really but thats not new coming from you. :P
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Is that the plan?
Don't know, maybe?
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No, not really but thats not new coming from you. :P
Just curious, how much gold do you own?
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Just curious, how much gold do you own?
More than you apparently. ;D
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More than you apparently. ;D
I have a bit in jewelry. Seriously, how much do you have? You must have a lot if you really believe it to be a wise investment. I only know one person who has gold bricks and silver bricks, but he has them just because he likes to look at them.
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I couldn't think of a worse way to spend my time then to get into a debate with someone who has his mind so dead set on an idea that they would never change their outlook no matter how many actual facts are presented to them.
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Gold $1436.90
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I couldn't think of a worse way to spend my time then to get into a debate with someone who has his mind so dead set on an idea that they would never change their outlook no matter how many actual facts are presented to them.
So I take it you don`t have any? ??? (or you may, but don`t want to tell?) I am not trying to disparage your investment in gold, if you have any. As I said, one of my friends has gold and silver bars not for any reason other than he likes to look at them and display them in his house. The side effect is that they MAY have value. I have been with him to purchase a few of these bars and the price is never what the going rate is. It can be more or less depending on the deal the seller is giving at the time.
So again, what do you do with your gold?
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So I take it you don`t have any? ??? (or you may, but don`t want to tell?) I am not trying to disparage your investment in gold, if you have any. So again, what do you do with your gold?
I only know one person who has gold bricks and silver bricks, but he has them just because he likes to look at them.
You have got to be kidding? Do you ever read what you type?
Sometimes you come up with some really intelligent comments, other times you sound completly ignorant (due to your close-mindedness). I think you have waayy to much time on your hands, I on the other hand don't. Use wikipedia or something to find out why this pointless jewelery is going up in value.
By the way, $1438/oz. ;D
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You have got to be kidding? Do you ever read what you type?
Sometimes you come up with some really intelligent comments, other times you sound completly ignorant (due to your close-mindedness). I think you have waayy to much time on your hands, I on the other hand don't. Use wikipedia or something to find out why this pointless jewelery is going up in value.
By the way, $1438/oz. ;D
I didn`t say it was pointless. I have a large Diamond ring in gold that is worth a years salary for some. My family has been involved in the Jewelry business and the diamond district. I do know the worth of these type of things. I was just trying to see where you were coming from and how important you regard this investment as I would assume you would have a great deal tied up in it if you REALLY believed it to be a sound way of converting wealth.
I personally don`t think it is viable whatsoever to be used as backing for all currency. The population is growing too fast and too large for it to be sustainable or feasible for the future. If everyone invested in Gold, there would be a window of devalue that may sink the worth to an unrecoverable point. Combine that with a limited supply and with the top 5 percent who would in fact own all of the gold, there would be little to nothing left over for the common man.
Also, as the population grows, with the finite amount of gold available, there would be no other alternative but to devalue it in order for the monetary system to work.
At the end of the day, whether is be gold, silver, fiat money, the real problem is an expanding population.
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I don't know of anyone who invests in gold because they think it will back all currency at some point. Think about this for a minute - those who have held gold from a year or two, maybe longer, have a greater buying power when they convert it to USD than those who held that same money in USD and have had it devalue and decrease in buying power.
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I don't know of anyone who invests in gold because they think it will back all currency at some point. Think about this for a minute - those who have held gold from a year or two, maybe longer, have a greater buying power when they convert it to USD than those who held that same money in USD and have had it devalue and decrease in buying power.
I recall Ron Paul and some others advocating a return to Gold backed currency. I just can`t think how it would work with a finite supply of gold in contrast with a growing population. I have encountered Williams Jennings Bryan and his "Cross of Gold Speech" and advocation of gold backed currency in a lot of my historical reading and am wondering if Ron Paul and the others are harking exactly back to this. I am not entirely sure, but I am aware he has written a book about his views.
Also, lets not forget that Gold suffers from market speculation and most dangerously, The Tinkerbell Effect. The Tinkerbell Effect alone makes one realize that the only REALLY sound investment is Land and Property when it comes down to it.
(http://ecx.images-amazon.com/images/I/51-gqb6ZK9L._SL500_AA300_.jpg)
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I recall Ron Paul and some others advocating a return to Gold backed currency. I just can`t think how it would work with a finite supply of gold in contrast with a growing population. I have encountered Williams Jennings Bryan and his "Cross of Gold Speech" and advocation of gold backed currency in a lot of my historical reading and am wondering if Ron Paul and the others are harking exactly back to this. I am not entirely sure, but I am aware he has written a book about his views.
Also, lets not forget that Gold suffers from market speculation and most dangerously, The Tinkerbell Effect. The Tinkerbell Effect alone makes one realize that the only REALLY sound investment is Land and Property when it comes down to it.
(http://ecx.images-amazon.com/images/I/51-gqb6ZK9L._SL500_AA300_.jpg)
Ron Paul is an idiot. And if you kept all your money in gold all the time, you're an idiot. HTH
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KC bringing the stupid as usual.
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KC bringing the stupid as usual.
Hahaha okay great oracle. What a nut. ::)
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KC bringing the stupid as usual.
Do you own any gold yet? Now is certainly not the time to buy it since it is at its high.
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Do you own any gold yet? Now is certainly not the time to buy it since it is at its high.
Not much, but I have a shit load of brass and lead for sure, so i will steal your gold if need be.
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Do you own any gold yet? Now is certainly not the time to buy it since it is at its high.
Heard this at 6,7,8,9,10,11,12,1300 dollars. Keep your wisdom to yourself on this matter.
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Gold still cheap? Don't laugh.
NEW YORK (CNNMoney) -- Gold bugs rejoice. The yellow metal is at a record high. And guess what? It's probably going to keep climbing higher until oil prices finally come down.
Here's why. Gold and oil tend to trade in tandem. Many of the same factors that drive up oil prices, i.e. inflation fears, a weak dollar and geopolitical turmoil, also help lift gold.
Speculation or fear due to what's going on in Libya may be a part of the recent spike in gold. But it's not the whole story.
"People are looking for hard assets. Yes, the current situation in the Middle East is compounding matters," he said. "But sovereign debt issues around the world are not going away. They are long-term problems with no quick immediate solutions."
Hallon is even more bullish on gold than Ross and Berol. Although he did not provide a timeframe, he said gold at $2,500 an ounce and silver at $75 would not be ridiculous.
He added that demand from emerging markets like China will only drive metal prices higher. Again, it's not about fear as much as it is economic reality.
"Gold is an investment that helps protect other assets," he said. "I'm not a believer that the world's coming to an end. But buyers of gold aren't just people panicked thinking they will have to go into a cave with fractional coins and canned food."
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Ron Paul is an idiot. And if you kept all your money in gold all the time, you're an idiot. HTH
That makes you the uber idiot.
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I recall Ron Paul and some others advocating a return to Gold backed currency. I just can`t think how it would work with a finite supply of gold in contrast with a growing population.
http://www.zerohedge.com/article/wat...aul-vs-bernank
"there is not enough gold."
That, unfortunately, is the most patently absurd claim ever and coming from a Fed Chairman we are pretty confused by its implications. Surely Ben realizes that all that matters is the price equivalent ratio of conversion. There will be more than enough gold if gold is converted instead at $2,000/oz at $20,000, or failing that, $200,000 and so forth. There will be more than enough gold if one ounce is equivalent to a million piece of linen or more, or more realistically, at $6,300 as Dylan Grice quantified previously. We guarantee it. And after all, that is the whole point of a gold standard: not to dilute the currency infinitely
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Hahaha give me a break ::)
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That makes you the uber idiot.
Haha oh please. Gold is like anything else, it will rise, then it will fall. Don't give me the 'supply and demand' nonsense. I've heard the talk about all the gold ever mined would fit into 2 Olympic swimming pools and 'this price is based on demand'. It's based on fear plain and simple. Fear that if you hold USD investments, they will need to outperform at an astronomical level to making up for devaluation in the currency. That is what's driving gold higher. Remove the fear of USD devaluation and you remove the highs of gold. When this will happen is something no one knows. But it will happen.
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::)
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Kc bringing the stupid like clockwork.
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Kc bringing the stupid like clockwork.
Haha you really do need to spend more time following more than one gold hawking analyst or doomsdayer. Branch out a little. OR stay dumb and blind. I already know which one you'll choose ;)
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Haha you really do need to spend more time following more than one gold hawking analyst or doomsdayer. Branch out a little. OR stay dumb and blind. I already know which one you'll choose ;)
Pot meet kettle, Captain Islam.
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Pot meet kettle, Captain Islam.
Not to derail the thread or anything huh?
On that point, i do in fact read opposing viewpoints on Islam. I watch the youtubes you post, and i agree there are some terrible acts committed by muslims in the name of islam. Unlike you i balance this viewpoint with experience in dealing with muslims personally, and this helps my come to the understanding that not all muslims are out to convert, kill or impose sharia. Perhaps if i only listened to the sources you tend to follow i would. But i don't.
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I recall Ron Paul and some others advocating a return to Gold backed currency. I just can`t think how it would work with a finite supply of gold in contrast with a growing population. I have encountered Williams Jennings Bryan and his "Cross of Gold Speech" and advocation of gold backed currency in a lot of my historical reading and am wondering if Ron Paul and the others are harking exactly back to this. I am not entirely sure, but I am aware he has written a book about his views.
Also, lets not forget that Gold suffers from market speculation and most dangerously, The Tinkerbell Effect. The Tinkerbell Effect alone makes one realize that the only REALLY sound investment is Land and Property when it comes down to it.
(http://ecx.images-amazon.com/images/I/51-gqb6ZK9L._SL500_AA300_.jpg)
Ron Paul's tha man. BTW, Land and Property are finite too in contrast with a growing population, aren't they?
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i bought alot of silver bullion before it was even 14$ US. i think it is no where near it's top
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i bought alot of silver bullion before it was even 14$ US. i think it is no where near it's top
The people i have talked with and listen to, all believe silver will outperform gold this year and possible next. I've heard $94 as a target, although that is really, really high. But was a quantitative analyst believes that is the target.
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The people i have talked with and listen to, all believe silver will outperform gold this year and possible next. I've heard $94 as a target, although that is really, really high. But was a quantitative analyst believes that is the target.
i have absolutely no doubt about the 100.00 mark. with a potential much greater high mark.
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Gold = Silver = Housing Market = Tulip mania
Tulip mania was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed. At the peak of tulip mania, in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble (or economic bubble).
(http://upload.wikimedia.org/wikipedia/commons/thumb/d/d8/Tulipomania.jpg/220px-Tulipomania.jpg)
A tulip, known as "the Viceroy", displayed in a 1637 Dutch catalog. Its bulb cost between 3000 and 4200 florins depending on size. A skilled craftsman at the time earned about 300 florins a year.
1. Nusteling, H. (1985) Welvaart en Werkgelegenheid in Amsterdam 1540–1860, pp. 114, 252, 254, 258.
2. "Tulipomania: The Story of the World's Most Coveted Flower & the Extraordinary Passions It Aroused." Mike Dash (2001).
3. Shiller 2005, p. 85 More extensive discussion of status as the earliest bubble on pp. 247–48.
http://en.wikipedia.org/wiki/Tulip_mania
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supposedly Silver is supposed ta drop tommoro [Monday], fuck I'm goin to be busy tomorrow unable to go to any coin dealers.
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I doubt it will drop tho.
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Silver hit past $36. God damn, yehaww!
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QE2 bitches!
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Silver hit past $36. God damn, yehaww!
Does this mean I should cash in all of my silver service?
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Does this mean I should cash in all of my silver service?
I think you should buy as many houses as you can afford in Detroit and Arizona, you should see a return on your investment around the time you are dead. ;)
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Gold = Silver = Housing Market = Tulip mania
Tulip mania was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed. At the peak of tulip mania, in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble (or economic bubble).
(http://upload.wikimedia.org/wikipedia/commons/thumb/d/d8/Tulipomania.jpg/220px-Tulipomania.jpg)
A tulip, known as "the Viceroy", displayed in a 1637 Dutch catalog. Its bulb cost between 3000 and 4200 florins depending on size. A skilled craftsman at the time earned about 300 florins a year.
1. Nusteling, H. (1985) Welvaart en Werkgelegenheid in Amsterdam 1540–1860, pp. 114, 252, 254, 258.
2. "Tulipomania: The Story of the World's Most Coveted Flower & the Extraordinary Passions It Aroused." Mike Dash (2001).
3. Shiller 2005, p. 85 More extensive discussion of status as the earliest bubble on pp. 247–48.
http://en.wikipedia.org/wiki/Tulip_mania
Runaway gold tumbles from record, seen overbought
23 Aug 2011
NEW YORK/LONDON (Reuters) - Gold recoiled from its first ever foray above $1,900 an ounce on Tuesday in the sharpest one-day drop in 18 months, as rebounding equities prompted traders to rethink a bullion rally which many now see as overdone.
http://news.yahoo.com/gold-climbs-record-above-1-910-growth-fears-004457957.html
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Runaway gold tumbles from record, seen overbought
23 Aug 2011
NEW YORK/LONDON (Reuters) - Gold recoiled from its first ever foray above $1,900 an ounce on Tuesday in the sharpest one-day drop in 18 months, as rebounding equities prompted traders to rethink a bullion rally which many now see as overdone.
http://news.yahoo.com/gold-climbs-record-above-1-910-growth-fears-004457957.html
Normal, nothing is just continuous...but if QE3 hits, it will break 2k, of that I am sure.
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As long as there are central banks, money printing, purposeful mass inflation, currency devaluation, quantitative easing, massive government borrowing/spending, purposefuly manipulated treasury markets, zero % interest rates, etc....well, gold/silver/PM's will keep rising. They are a persons only hedge against lunatics in power, on TV and other idiots who move the levers.
As Adonis said, and I agree, land is not something to be dismissed either. Especially the land that is arable, near waterways etc.
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agriculture is the future for sure.
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We'll see what happenes in the coming days.
Im kinda surprised loco would jump on this so quick, it has a looooong way down to go before I change my view on it.
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We'll see what happenes in the coming days.
Im kinda surprised loco would jump on this so quick, it has a looooong way down to go before I change my view on it.
QE3 will make it shoot right back up.
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Normal, nothing is just continuous...but if QE3 hits, it will break 2k, of that I am sure.
ZIRP for the next two years is a form of QE btw. I'm not sure we'll see a direct stimulus like we did with QE1/2 now that The Bernak is under political fire and bashing the Fed has become the cool thing to do on the political trail.
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QE3 will make it shoot right back up.
There are a lot of other things that will cause it to increase, the further decline into a bull market which we are now full in, further intervention by the ECB into the failing banks in the EU, less overal confidence in fiscal policy all around and the weakening fiat currencies will all play a role in just how far it goes.
Gold still has a long way to go to reach Silver's 800% or so increase (gold is about 400% or at this point) so I'm expected it to go higher regardless of the pullbacks being seen which were mostly shorts getting in for a quick buck and getting out.
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Lol everyone's freaking out today.
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We'll see what happenes in the coming days.
Im kinda surprised loco would jump on this so quick, it has a looooong way down to go before I change my view on it.
I am not trying to change your view on it. Gold is great for those who already own it or bought it low. Anyone buying gold now with the sole purpose to make a profit is taking a huge risk.
Now, if you buy gold now because you think civilization is coming to an end and only gold will buy you stuff, then that is a whole different story.
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I am not trying to change your view on it. Gold is great for those who already own it or bought it low. Anyone buying gold now with the sole purpose to make a profit is taking a huge risk.
Now, if you buy gold now because you think civilization is coming to an end and only gold will buy you stuff, then that is a whole different story.
It's good to see this pullback. When I see it rise as quickly as it has it's never a good sign. I think a drop to 1600 might be realistic but long term I'm still very bullish.
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Now, if you buy gold now because you think civilization is coming to an end and only gold will buy you stuff, then you are a fucking idiot.
fixed
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It's good to see this pullback. When I see it rise as quickly as it has it's never a good sign. I think a drop to 1600 might be realistic but long term I'm still very bullish.
Friday should be interesting.
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Friday should be interesting.
Yeah, I have no idea what they expect Bernanke to say.
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what are you guys thinking on silver?
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what are you guys thinking on silver?
Thinking I don't know too much about the squirrel pelt - silver exchange rate.
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what are you guys thinking on silver?
It's gone up 900% (roughly) over the past couple of years and is still being heavily manipulated to keep it where it's at. Long term I think it's a good buy (6+ months) as once gold goes up a bit more and (if) the manipulation is pulled back it could head north of $200oz within 12 months. Lot of if's though, but I'd still say it's a good buy right now if you plan to ride it out for a while. As always, buy physical, forget paper.
We'll see how long those margin hikes hold, the last increase lasted a few hours.
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what are you guys thinking on silver?
Im thinking that if you bought it when you first asked me about it and you followed my instructions , you would have been laughing right now.
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It's gone up 900% (roughly) over the past couple of years and is still being heavily manipulated to keep it where it's at. Long term I think it's a good buy (6+ months) as once gold goes up a bit more and (if) the manipulation is pulled back it could head north of $200oz within 12 months. Lot of if's though, but I'd still say it's a good buy right now if you plan to ride it out for a while. As always, buy physical, forget paper.
We'll see how long those margin hikes hold, the last increase lasted a few hours.
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CME hiked the margins 27% today so it's not surprising that it came down like that.
Brutal pullback....all the way to last week's prices. ::)
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The leveling off of the price has been rather quick and I'm surprised that with all the talk of a bubble the move down wasn't worse then it was. Interesting indeed.
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fixed
;D
I wanted to be polite and didn't wanna put it that way, but I agree!
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http://finance.yahoo.com/blogs/breakout/secrets-pawn-star-132957563.html
watch the video and you'll hear him mention how regulations are keeping him from expanding.
Secrets From a Pawn Star
"I cannot keep gold and silver bullion in my stores at all," the retail rockstar said. "We buy it every day. Every morning I put it in my showcase and it's gone by noon."
As any student of economics will tell you, too much supply and little demand means lower prices. "At this point, we have just stopped taking construction tools altogether. That's how bad construction is in Las Vegas," says Harrison
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According to the far leftists , we are only one regulation and tax increase away from prosperity.