Hello Stackers, Silver is down, gold is down - and i mean vertically falling. Let's see if this is the ONE
Hope you voted in the pelican's poll in time thucy. Judging by the amount of sales appearing in trading threads I think forum members might concur with your observations.
Well it's a good job we are all holding it for the long term isn't it? As long as it stays above $26 I can break even if I need to sell it.
Hell yeah long term! Honestly I would be sh*tting my pants now if I was holding long silver on paper but this price decline doesn't seem to affect me at all (emotionally) since I am holding my physical. I'm also small fry in comparison to the people who stack 10,000oz+ lol
Yep, it's started. Should continue during the week, until end of QE2, which will spike it up temporarily. After that it's all going down as GFC2 sets in. My tin foil hat says so
Looks to be start when the tin foil hat can be safely removed now ! we seem to be entering it . Lets see how low it can go?
The above was said in jest however BIS have been busy: http://finance.ninemsn.com.au/newsc...erty-prices-to-grow-through-2013-bis-shrapnel This article puts a different slant on things. Lucky me Sydney and Perth are my main investment locales
Hello All Mainstream media is so full of BS.. on the same page Smoothcriminal took that link is also this news.. http://www.news.com.au/money/intere...for-commonwealth/story-e6frfmn0-1226082513213 so what is it... Interest Rates Going down or Going Up... Prior to the main GFC of 2008 ANZ posted a report saying rates will be in the 10+ % if GFC hits, Westpac also postednews saying it will be at least 10%.. . Banks are in the business of lending money (or stealing your money/time) so if they are not lending money and we are all depositing to their banks they actually lose money....Hence Foreign investors are here in OZ trying to buy up or lend their cash for 5 to 7% interest compared to 0.5 or 1% on their own market... "If you are creating money out of nothing, you don't have to charge an awful lot of interest on it to show a profit" - G. Edward Griffin
Naphthalene man . If it falls to 0.00 you may well have a solid silver bathroom including the dunny for free ! Now theres hygiene for you
