Silver Price Down
- Thread starter 7Radu
- Start date
The word on the street is that Silver and Gold are down as investors sell off the metals to cover losses in other investments. Now I personally don't know how people can accurately call that, so i'd take it with a grain of salt.
Discuss.
Silver is down? Silver is up. I was buying at $26. In fact, I hope it goes below $26 so I can buy more!
It's time to stock up on silver. It'll be back up again (above $30) in a week, and a lot of people who are much more knowledgeable than I am have been saying that it will eventually go up a lot. I've heard varying estimates, but some have been as high as the $250 per troy ounce range.
There are a lot of reasons people are giving:
CME after hours margin hike last week
Selling metals to cover losses in equities or other asset classes
Outright manipulation by big investment banks, etc
Feel like the most important thing is to study history, study fundamentals, make your choice, and only change your course when fundamentals have shifted.
CME after hours margin hike last week
Selling metals to cover losses in equities or other asset classes
Outright manipulation by big investment banks, etc
Feel like the most important thing is to study history, study fundamentals, make your choice, and only change your course when fundamentals have shifted.
The Federal Government is going to market asking for funding with fewer and fewer options as no one wants to hold their debt. The last creditor will be the printing press. Until silver is traded in the (not yet existing, but sorta does [maybe the SDR]) new global currency and not the dead dollar, keep buying it. Metals will go down periodically as capital shifts around with nowhere good to go. Right now a lot of investors are shoring up the dollar temporarily, but the ultimate destination of the dollar is straight down the shitter. Bernake's "Twist" was literally the last, desperate trick he has other than outright QE. But QE3 (or 4 some would say) is right around the corner. If the hyperinflation people are right, the QE will start happening more frequently and metal prices will skyrocket. Its hard to see what other options exist. unless they truly get away with circumventing congress (further), which seems to be the goal at this point, esp. with pesky tea party reps. spoiling the party.
Timing is everything, unless you have deep pockets, or you are very patient.
I prefer to buy stuff that is going up, not down. Trying to pick the bottom is very risky. Buying something that is dropping requires deep pockets, or you need to be willing to hold for a very long time to wait for profits.
Good luck!
I have a few thoughts in regards to what you're saying:
1. First off, hyperinflation is a complete loss in faith of a currency. You don't directly cause hyperinflation by printing more money. The markets will naturally adjust the "value" of a dollar as more money is printed.
I don't think the United States is at risk of hyperinflation for at least 10-20 years. Sure it has large debt and is print money like it's going out of style, but the United States produces a lot of value. As long as countries continue to find U.S goods & services valuable, the dollar will not be at risk for hyperinflation.
2. It seems to me you are arguing that Gold is a good counter to inflation of the dollar. Why? As the dollar inflates, the prices in all commodities will climb. So if you want to hedge against inflation, then you should pick a basket of commodities that see the most gains when adjusted for inflation.
Why is Gold a better commodity then, let's say, corn and wheat? As the world population continues to grow rapidly, I'd argue that food will be considerably more valuable than gold. Another good investment is in tech companies. I'd once again argue that innovation from tech companies will prove to be considerably more valuable than Gold.
What's the practical use for Gold? Shiny things? At least with Silver you can argue it's an industrial metal. But if you argue that, i'd ask, why is it better than investing in other industrial metals, such as copper?
What's the fascination with Gold & Silver? I think it's mostly a fad. I believe in investing in value, and I don't see much value from gold or silver.
Quit thinking for yourself Falian.
Who are you to question Glen Beck, Alex Jones, gold companies, their salesmen and affiliates - who make many informative YouTube videos.
The world's going to end - don't you know that???!?!
The New World Order is coming! Gold is not a commodity, God says it's money!
Who are you to question Glen Beck, Alex Jones, gold companies, their salesmen and affiliates - who make many informative YouTube videos.
The world's going to end - don't you know that???!?!
The New World Order is coming! Gold is not a commodity, God says it's money!
All the people I have been listening to have been saying for a while that we were going to enter a deflationary period followed by a hyper inflationary period because of the current monetary situation.
Sure seems like they may be right. If so, everything relative to dollars should be falling, buy buy buy.
Sure seems like they may be right. If so, everything relative to dollars should be falling, buy buy buy.
The world considers Gold and Silver to be money, and that has been true for a very long time. Regarding other commodities, they are often able to be substituted (e.g. if oil goes through the roof, people buy electric cars. If wheat goes through the roof, people go on atkins).
I think you have a valid point but I'd just counter with the value in Gold and Silver is essentially their history, which other things do not have to the same extent.
hmm you are right, I've heard that a lott of times. Might be buying some more silver tmrw.