I still don't get it.

D

Dusty

Active Member
Silver Stacker
I just read that Gold and Silver could drop to $1000 and $20 with the way that things are playing out but I thought these are the times we have been waiting for?
This is when our PMs should be going BOOM straight up. BOOM BOOM BOOM.

Not Bust. Sh#t it just gets more and more confusing.
 
"I just read that Gold and Silver could drop to $1000 and $20 "




Wish they would but,

My BS Detector just went off.

Sounds like one of our MSMs 'experts' talking, so do not be distracted, and listen to the Schiffs and Kiyosakis have to say to you.

"the end is nigh"



OC
 
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I hope they drop that low. Gold for 1000 / oz? Back up the f#ckin truck! :)

I could see a temporary dip but I just went to two large bullion stores today, both were completely sold out of 1 oz maples and all fractional gold maples were sold at one spot with no 1/10 oz available at the other.
 
Actually guys, it could have a significant retrace in the event of a large credit / currency base retraction.

As we saw the slump in 2008 with a shedload of currency removed from the international markets, so too would a similar effect now have on the metals.

It's fair to say a large move into commodities would be extremely bullish for metals, but by the same token, without proper liquidity and availability of currency, there's an automatic cap on how fast things can go and where they end up.

Hence why when the countries turned off the credit tap on housing internationally, the markets tanked.

Same thing with metals. No currency to buy them = price slump.

That said, this would effect the entire commodities market, so a drop to $1000 USD for gold might sound bad, but in comparison to the broad based slump in fiat/currency that still will likely have strong buying power and may actually be a 'net increase' in purchasing power depending on what the rest of the markets are doing.

Now couple that effect with the currency exchange rate and you might see some interesting outcomes.


Like I always say, stop looking at your stack in dollars investment. Compare commodities to commodities if you want to see the true 'value' of your gold and silver (and even copper) investment.

If you still have liquidity and currency to spend in the event of a scale back, then you go and buy more. It's really that simple.

The fundamentals have no changed folks. The emperor still has no clothes.

You'd do well to remember that.
 
as Silverfuturist says, regardless of the price of oil, 1/10 oz of siver will always buy a gallon of gas
 
There's just no where else for Central banks to park their money.
Its a good bluff
One prevailing thought is that Short term liquidation of Gold and Silver in the coming weeks will only be to pay off margin calls and losses in other markets.
 
Dusty said:
I just read that Gold and Silver could drop to $1000 and $20 with the way that things are playing out but I thought these are the times we have been waiting for?
This is when our PMs should be going BOOM straight up. BOOM BOOM BOOM.

Not Bust. Sh#t it just gets more and more confusing.
Click to expand...


You could be reading disinformation.
Purposely put out there to put people off investing in gold and silver.
Depends who is writing it?
If everyone invested in gold and silver alot of other investment vehicles would suffer.
 
I implore you to watch the video above post #4 it explains all this very well
 
Redback said:
One prevailing thought is that Short term liquidation of Gold and Silver in the coming weeks will only be to pay off margin calls and losses in other markets.
Click to expand...

That's the way I'm leaning.

There's going to be a period of panic while people dump stocks and derivatives so they can move to cash. After they've done that and and spent a little while chilling out, they'll start looking for new stuff to buy.

If certain traders (*cough* JP Morgan *cough*) start taking out a lot of shorts, that will put even more downward pressure on prices.
 
Big A.D. said:
Redback said:
One prevailing thought is that Short term liquidation of Gold and Silver in the coming weeks will only be to pay off margin calls and losses in other markets.
Click to expand...

That's the way I'm leaning.

There's going to be a period of panic while people dump stocks and derivatives so they can move to cash. After they've done that and and spent a little while chilling out, they'll start looking for new stuff to buy.

If certain traders (*cough* JP Morgan *cough*) start taking out a lot of shorts, that will put even more downward pressure on prices.
Click to expand...
I agree with this.A down then up more.
 
http://www.youtube.com/user/SchiffReport?blend=1&ob=5

watch the video about the USA losing its triple A rating

Peter talks about gold and how in this recession people arent flocking to the US dollar an countries around the world like japan an switzerland are trying to devalue their currencies to save the dollar from total collapse.

He talks about gold hitting all time highs as more and more investors are seeing it as the ultimate safe haven and also the fact that they have little other choice in a safe place to park their money.

The other point he brings up is IMO extremely important... The fact that in the last recession interest rates had room to be lowered but this time round they are already as low as they can go so the only thing the FED can do/knows how to do is print even more money and buy even more treasury bonds which will lead to massive inflation and in the end lead to total destruction of the US economy until they are forced to do something real about it.

Obama thinks hes safe for the next election with the debt ceiling raise but I think they will reach it before the 2012 election and it will reflect very badly on him

The central banker scripted and planned depression and collapse of the US empire is right on track...
 
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