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Repeat of 1980 guy comes in today

jdimmickjdimmick Posts: 9,674 ✭✭✭✭✭
in Precious Metals
somebody came in to the shop today telling folks in the store that this friday jan 21, will be a repeat of 1980 all over again with a tremendous dive in PM prices!

I dont think any body was buying his thoughts,

Comments

  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Bring. It.

    I'll buy
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>somebody came in to the shop today telling folks in the store that this friday jan 21, will be a repeat of 1980 all over again with a tremendous dive in PM prices!

    I dont think any body was buying his thoughts, >>





    Did you ask him if he would need 1 or 2 dollies to wheel all his metal into the shop to sell to you then?
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    somebody came in to the shop today telling folks in the store that this friday jan 21, will be a repeat of 1980 all over again with a tremendous dive in PM prices!
    I dont think any body was buying his thoughts,

    Considering silver prices have not gone up 10X in the past 12 months as they did from 1979 to Jan 1980, I don't think we have to fear the reaper on Friday other than for the routine bankster morning shakedown.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Did he actually buy anything or just sit onhis arse telling stories of 1980? lol

    Coin shops are as bad as Barber shops sometimes. Guys just dont know when to keep their rambling mouth quiet and dont know when to leave. I get a kick out of it though because it seems everyone has a story to tell.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    Gee, I just have one question - WAS HE SELLING?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • keepdachangekeepdachange Posts: 1,374
    was the man dressed like this?

    image
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • CiccioCiccio Posts: 1,405 ✭
    crossing my fingers...
  • cone10cone10 Posts: 1,021
    Metals down across the board and its not even Friday yet. This could be a big buying opportunity, I need to make a large silver purchase for my wife's jewelry biz soon. If this keeps up I could be making a call this weekend.
    A nickel ain't worth a dime anymore.
    Yogi Berra

  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭


    << <i>Coin shops are as bad as Barber shops sometimes. Guys just dont know when to keep their rambling mouth quiet and dont know when to leave. I get a kick out of it though because it seems everyone has a story to tell. >>



    This is so true.image
    Becky
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Metals down across the board and its not even Friday yet. This could be a big buying opportunity,

    Yup, the first few legs back down will look like tremendous buying opportunities!

    Liberty: Parent of Science & Industry

  • CaptHenwayCaptHenway Posts: 32,119 ✭✭✭✭✭


    << <i>somebody came in to the shop today telling folks in the store that this friday jan 21, will be a repeat of 1980 all over again with a tremendous dive in PM prices!

    I dont think any body was buying his thoughts, >>



    Find that man and beat the snot out of him!!!!!!

    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    Find that man and beat the snot out of him!!!!!!

    image

    Based on another thread in this forum, it was obviously Dennis Gartman. Git' him!
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • TrustNo1TrustNo1 Posts: 1,359 ✭
    and what if he's right? image
  • rpwrpw Posts: 235 ✭✭
    You guys ever been in a gun store? They peddle FUD wholesale there. They put coins shops and barber shops to shame.



    << <i>

    << <i>Coin shops are as bad as Barber shops sometimes. Guys just dont know when to keep their rambling mouth quiet and dont know when to leave. I get a kick out of it though because it seems everyone has a story to tell. >>



    This is so true.image >>

    imageimage Small Size National Bank Note Type Set $5-$100
  • storm888storm888 Posts: 11,701 ✭✭✭


    Friday Battle Action

    Jason Hamlin

    "...If you follow the manipulation theories, it is just prior to expiration time, either in futures or options, that paper shorts increase their net short positions in order to manipulate precious metals downward. This allows the manipulators to profit as the contracts they sold to unwitting investors expire worthless. The sudden drop in price also provides an opportunity for the shorts to cover their positions, profiting via paying back their creditors with lower priced gold..."





    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • yellowkidyellowkid Posts: 5,486 ✭
    The prices go up, the prices go down. IMHO the long term trend is up.image
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>and what if he's right? image >>




    image really! WHAT IF??????????????image
    Avid collector of GSA's.
  • DoubleEagle59DoubleEagle59 Posts: 8,308 ✭✭✭✭✭
    I thought it was 1981 when the price took a major tumble.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • CaptHenwayCaptHenway Posts: 32,119 ✭✭✭✭✭


    << <i>I thought it was 1981 when the price took a major tumble. >>



    Look it up. www.kitco.com
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • jdimmickjdimmick Posts: 9,674 ✭✭✭✭✭
    it softened up a little thursday, but not much direction today. Guy was wrong as we all thought, although I do feel we may see some more correction before the next move up.

    No he didn't not buy or sell a thing. I get a lot of hot air blowers that come in from time to time. And sometimes the shop can turn quickly into a political social gathering if several folks are in there with different views. It used to bother me and still does a little , but honestly after being robbed back in Aug when i was in the store alone, I figure the more folks in the store , the less chance of it re-occurring especially with two or more of us fully armed.


    I did add a seperate small appraisal room to the store so that if there is a gathering, I can shut the door and give the customer a more private area and secire feeling.

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