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A question for Russ...

You very recently said that now is the time to hold, hold, hold. On the Gold is going down thread, most believed it's going down & the upward trend is over. Given the events of Gold & Silver last week, does that change your mind at all?
Charis, eleos, kai eireenee para Theou (Grace, mercy, and peace from God, in ancient Koine Greek),

perro

Comments

  • TTT
    Charis, eleos, kai eireenee para Theou (Grace, mercy, and peace from God, in ancient Koine Greek),

    perro
  • I wouldn't pretend to be Russ, but what makes you think that most people believe gold is going down?

    Every cycle has it's ups and downs and profit takers will stall upward cycles.

    On the contrary, most knowledgeable people believe both gold and silver are just starting into a long bull run. Not only would I hold, I'd buy.

    No, I don't mean stocks, I mean the physical metals.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • I agree with everything you say. You see, there were a group of people on a thread about Gold going down. I argued vehemently, based on history, ecomics, & current events that Gold will go up still for a long time. I said that just because gold & silver burped for a few days, it doesn't mean that it's all over. All of the economics and the whole equation of all that is going on point to Gold taking a big run. So I with you. You're preaching to the quire! You misunderstood my post to Russ. I merely meant that many on this thread mostly said down. Russ collects silver and I merely asked him if the $30 drop last week changed his mind about silver going up--that's all.image
    Charis, eleos, kai eireenee para Theou (Grace, mercy, and peace from God, in ancient Koine Greek),

    perro
  • TWQGTWQG Posts: 3,145 ✭✭


    << <i>Russ collects silver and I merely asked him if the $30 drop last week changed his mind about silver going up--that's all. >>

    -inquiring minds want to know.
  • RussRuss Posts: 48,514 ✭✭✭
    Sean,

    Frankly, I don't have a clue what this guy's babbling about.

    Russ, NCNE
  • Russ are you saying I'm the babbling one? Some days ago, there was a thread and the topic was silver.

    At one point you said in regards to people thinking silver was going down. You replied a reply that explained some things (I can't remember), but at one point in your post you said that you felt siver was going to continue to trend upward, and for sellers (I think) you said
    Hold! Hold! Hold! I remember the words because it was something I was thinking about as far as some sales go. Then there were other posts When people discussed whether or not gold was going down and most thought the $30 or so drop in gold recently was the beginning of the end of Golds upward trend. I wrote this post merely to ask if it affected your opinion about Silvers upward trend. (cuz silver & gold tend to chill out together up & down) image That's all. It is possible that it was another poster, but I thought it was you. If it wasn't, please forgive me.
    Charis, eleos, kai eireenee para Theou (Grace, mercy, and peace from God, in ancient Koine Greek),

    perro
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>but at one point in your post you said that you felt siver was going to continue to trend upward >>



    I have never once said that I thought silver was going up.



    << <i>Russ are you saying I'm the babbling one? >>



    Yes. See above.

    Russ, NCNE
  • OK, sorry--I remember the writing of it by someone respected on this board. I thought it was you and was mistaken. so it goes. It was someone else on the board.
    Charis, eleos, kai eireenee para Theou (Grace, mercy, and peace from God, in ancient Koine Greek),

    perro

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