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Gold soars, Silver tanks

RobTomRobTom Posts: 63
in Precious Metals
While gold is touching record highs (altho a bit off as of this writing), silver is down a buck, WTF?

Comments

  • MoneyLAMoneyLA Posts: 1,825 ✭
    5:35-am Tuesday Pacific Time: Gold priced higher than platinum. Silver dropping. What the markets are telling us. http://alanbestbuys.com/id82.html
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • pmcollectourpmcollectour Posts: 1,211 ✭
    Good link MoneyLA. We are going into different times in my opinion. I do not see the price of silver following the price of gold
    in an unstable economic climate. Gold will be the safe haven, the only money that one can trust in. Silver and platinum will not
    be looked at in the same breath. Many will not agree with this perspective, but I can see gold doubling and even tripling platinum
    someday. That's if we truly hit the fan.
  • FistFullOfDollarsFistFullOfDollars Posts: 359 ✭✭✭
    Hopefully silver will go down more for my Friday purchase...





    I have a very strict gun control policy: if there's a gun around, I want to be in control of it - Clint Eastwood
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Silver has doubled since 1 year ago today.

    How do you figure it has tanked?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • RobTomRobTom Posts: 63


    << <i>Silver has doubled since 1 year ago today.

    How do you figure it has tanked? >>



    Silver has seemingly plateaued in the $38 region even while gold soars to record heights.
    I view this a buying opportunity for silver and a great time to swap gold for platinum.
    YMMV
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>

    << <i>Silver has doubled since 1 year ago today.

    How do you figure it has tanked? >>



    Silver has seemingly plateaued in the $38 region even while gold soars to record heights.
    I view this a buying opportunity for silver and a great time to swap gold for platinum.
    YMMV >>



    image


    If you look back at the headlines, it was all about stocks going down and gold going up. Nothing about silver or platinum. People were panicing, selling their stock and buying gold because that is what the headlines were saying. Bad news for the chasers!

    I believe with everyone overlooking silver makes for a great opportunity to buy.

  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Your thread appears to be somewhat premature....Gold appears to have topped out & is now settling back...silver is once again in it's $32-$38 trading range.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Silver has doubled since 1 year ago today.

    How do you figure it has tanked? >>



    Silver has seemingly plateaued in the $38 region even while gold soars to record heights.
    I view this a buying opportunity for silver and a great time to swap gold for platinum.
    YMMV >>



    image


    If you look back at the headlines, it was all about stocks going down and gold going up. Nothing about silver or platinum. People were panicing, selling their stock and buying gold because that is what the headlines were saying. Bad news for the chasers!

    I believe with everyone overlooking silver makes for a great opportunity to buy. >>




    So can I infer that you mean gold is overbought and should drop? And that silver will rally if gold drops?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • Coins101Coins101 Posts: 2,602 ✭✭✭
    If the stock market starts going up like it is today and keeps going up, gold will drop and may drop hard. Because silver has stayed pretty much level during this gold craze, I believe it will not be affected much.

    But, stranger things have happened, like gold running as high as it did in such a short period. It kind of reminds me of what silver did earlier in the year.
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    ECB backing all those sovereign defaults-Spain, Italy....... Wait for this to appear soon and Fed backing up the ECB. We are all in a global economy. All taxpayers are equal under this new world order. Italy, Spain, U.S. Sovereign Debt are all put in the same arena. No separation from the FED and ECB. Though I highly doubt the reverse would be true where the ECB would back the FED.
    Montana State Quarter Die Clash

    Box of 20
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    I think that it's probably a good time to buy some silver or platinum, but I wouldn't feel good about jettisoning gold in order to do that. In fact, I'm not so sure that I would get rid of all my dollars either.

    I think that it's a hard assets world now - but that has to include some cash too. I think that **balance** between gold, silver and cash is the way to go. Add some platinum if you like another leg in the stool.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • pmcollectourpmcollectour Posts: 1,211 ✭
    Gold and silver are pure wealth, and they are money that has no counter-party liability. History has shown us that in time ALL paper money loses value until finally it becomes worthless. Those who bad mouth gold don't seem capable of understanding this, or that gold has outlasted every fiat currency that has ever been. Those who don't know history are destined to repeat its mistakes.
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>I think that it's a hard assets world now - but that has to include some cash too. I think that **balance** between gold, silver and cash is the way to go. Add some platinum if you like another leg in the stool. >>



    A three-legged stool is much easier to sit on than a two legged one!
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    The 3 legs to which I was referring were gold, silver and cash. Platinum does make a fine 4th leg.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • guitarwesguitarwes Posts: 9,266 ✭✭✭

    my stool has corn in it.













    image

    you can't eat metal.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Gold and silver are pure wealth, and they are money that has no counter-party liability. History has shown us that in time ALL paper money loses value until finally it becomes worthless. Those who bad mouth gold don't seem capable of understanding this, or that gold has outlasted every fiat currency that has ever been. Those who don't know history are destined to repeat its mistakes.

    There are other Assets besides Federal Reserve Notes and Precious Metals.

    Stock in a good company, real estate equity in a good area, and ownership of a good small business are also asset classes, albeit they do expose counterparty risk, historically they have made many more large fortunes from small ones than simply holding chunks of metal.

    Of course, knowing "good" assets from bad ones, and the timing of buys, sells, and management of the assets are also more work than simply holding chunks of metal, and of course, "the market" can value your assets at more or less than what they are"worth" depending on the hype or doomsday prophecies that come and go in the media.

    Liberty: Parent of Science & Industry

  • vannvann Posts: 318
    Check out Amazon.uk top sellers over the past day to get an idea of what commodities will become valuable when the SHTF.

    image
  • percybpercyb Posts: 3,324 ✭✭✭✭
    Bot some SLV at 36.33 very late in the day.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Silver, she is a fickle beast........MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • morgantypemorgantype Posts: 456
    Still riding my ZSL from early last week, in at 13.40 or so.

    I think that silver is going to fall modestly more due to the long term weaker outlook of the economy. I think that 32 is probably going to be where it bottoms out.

    If I miss this, and my ZSL gets slaughtered, I will have solace in making money on my physical stack.

    Stay nimble!
    Many buy and sell transactions. Let's talk!
  • johnny9434johnny9434 Posts: 28,307 ✭✭✭✭✭


    << <i>Silver, she is a fickle beast........MJ >>



    tis is true
  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>Still riding my ZSL from early last week, in at 13.40 or so.

    I think that silver is going to fall modestly more due to the long term weaker outlook of the economy. I think that 32 is probably going to be where it bottoms out.

    If I miss this, and my ZSL gets slaughtered, I will have solace in making money on my physical stack.

    Stay nimble! >>



    Nice to hear the bear case right now. I'm thinking it goes up from here with my $ printing coming.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • lightcyclerlightcycler Posts: 546 ✭


    << <i>Still riding my ZSL from early last week, in at 13.40 or so.

    I think that silver is going to fall modestly more due to the long term weaker outlook of the economy. I think that 32 is probably going to be where it bottoms out.

    If I miss this, and my ZSL gets slaughtered, I will have solace in making money on my physical stack.

    Stay nimble! >>



    I agree with this. I think silver may break 30. Gold will make a rapid decent as well. Not that I care. That will just set things up for the next bigger run to the heavens
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    I'm not playing the recent crazy up, probably should, but nope I'm not.

    30+ year plan, buy these dips all the way down with ever deflating USD's, watch the rise all the way up and then some. Just hit a bunch of 90% today, will do the same next week I'm sure, especially if it goes down further.

  • DNADaveDNADave Posts: 7,271 ✭✭✭✭✭
    Checked my local shop today to see how the prices were.

    Common Morgans....$32.00

    1/10 AGE $180 + 6% Sales tax = $190.80

    No ASE's on the shelf.
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>my stool has corn in it.













    image

    you can't eat metal. >>



    Or your stool. Well, I wouldn't anway.
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>Check out Amazon.uk top sellers over the past day to get an idea of what commodities will become valuable when the SHTF. >>



    That is because they outlawed guns over there.
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