Geesus christ this Gold crash is moving fast and silver too...... I'm going to the bank tmrw to organise the biggest bank loan of whatever I can afford the most and I want it approved ASAP....Thankgod I just started a new job......... I'll be buying big at these prices within the next month if this keeps up...... Thats if GoldStackers dont run out of stock!
All I know is this is BIG news happening right now..... It would be crazy as a stacker to not take advantage of this crash......But how low will it go???
Just keep buying man.....get that your total average down......My missus wont let me go to the bank now.... Got a car and motorcycle that wont sell as easily as I thought too.... I NEED MONEY NOW!
the danger of taking out a loan is that precious metals prices may go sideways from here on for who know's how long... so it might be risky servicing that loan in the meantime :/ nothing is guaranteed.
So silver prices have been dropping for two years now, and you're going into debt to get some more. You're going to be holding a depreciating asset and paying interest. You, sir, are nuts.
What did I predict back in October? Gold crash! I hope this will be a great opportunity for you. Just don't "overloan" yourself. The bank will want it back after a while.
There has been a few threads on buying metals on credit/loan that are worth reading. Have I done it... yes.... would I do it again yes. Would I do it right now... HELL NO. I think it was JulieW that summed it nicely; there is a fine line between well done and burnt to a crisp.....
Well you might be right aleks.....I have already predicted on this site that if the U.S raises or even removes the debt ceiling again...PM's could go side ways for many years.....everything will be postponed???
Lots of factors... lots... Just a few: dollar started gaining strength, eurozone weakened (which empowered the dollar), I read reports on physical gold demand dropping in 2012, gold lost momentum (a simple look at the charts was enough to see something a bit wrong... lower highs, frequent sharp dips, lower lows), analyzed historical charts, watched gold's weak reaction even to QE infinity, heard about the Fed's plant to potentially cut QE, then I also saw how gold disappointed predictions by major financial institutions, it never reached 2,000 $! And there's so much more... There were tons of negative signs that pointed out at gold's crash. One of my next predictions will obviously be a great spike in gold! In fact - gold is becoming more delicious right now, so don't fee disapointed! :lol: I guess many futures contracts, ETFs are ending or many are exiting the gold market through the back door... this will bring prices lower. Watch the Fed on QE: they might shrink it. I see the following (other) bearish signs that could bring gold further down... *Fed might cut QE as soon as this summer... some voices (namely: St. Louis Fed Bank President, James Bullard and John Williams from the San Francisco Fed) were explicitly talking about QE trimming before the end of this year -> maybe as soon as this summer! *September 2013: watch the German elections, because if they do something to the euro/eurozone, it will come afterwards... any bad news there will boost the dollar! *etc. there are several others as well... But for now, gold is quite cheap... Many will seize the opportunity to buy more. Watch central banks buy gold after this dip! Millionaires and Goldman Sachs will literally eat it up! We just need to pick the bottom and that ain't easy at all!
