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Why are Gold and Silver down? Shouldn't they be going thru the roof?????

 
Anonymous Coward
User ID: 1281846
United States
08/05/2011 11:24 AM
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Why are Gold and Silver down? Shouldn't they be going thru the roof?????
Why are Gold and Silver down? Shouldn't they be going thru the roof?????
Anonymous Coward
User ID: 1483464
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08/05/2011 11:28 AM
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Re: Why are Gold and Silver down? Shouldn't they be going thru the roof?????
They are in foreign money....

Gold is up about $10 ..


[link to www.kitco.com]




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Anonymous Coward
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08/05/2011 11:32 AM
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Re: Why are Gold and Silver down? Shouldn't they be going thru the roof?????
Patience.

People are fleeing the Euro into the dollar. Stupid, I know, but it is easy to do.

The day is coming shortly, VERY shortly, when people AND institutions will flock from the dollar to gold and particularly silver.

Get it now while it is cheal, and available. Relatively speaking of course.
Anonymous Coward (OP)
User ID: 1281846
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08/05/2011 11:36 AM
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Re: Why are Gold and Silver down? Shouldn't they be going thru the roof?????
They are in foreign money....

Gold is up about $10 ..


[link to www.kitco.com]




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 Quoting: Anonymous Coward 1483464


It say's gold is up $11.- to $1658.- but yesterday it was over $1670.-
Can't believe people are rushing into the dollar instead of gold and silver.
Oh well, looks like there's still time to buy a little more silver before it really takes off.
Anonymous Coward
User ID: 1483118
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08/05/2011 11:44 AM
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Re: Why are Gold and Silver down? Shouldn't they be going thru the roof?????
Short term flight from the EU to the dollar.It will fall apart soon.QE3 will be announced at the meeting of the FED on the 9th,and well from there silver and gold to the moon as every other assets falls apart.
Anonymous Coward (OP)
User ID: 1281846
United States
08/05/2011 11:51 AM
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Re: Why are Gold and Silver down? Shouldn't they be going thru the roof?????
Short term flight from the EU to the dollar.It will fall apart soon.QE3 will be announced at the meeting of the FED on the 9th,and well from there silver and gold to the moon as every other assets falls apart.
 Quoting: Anonymous Coward 1483118


That would be great for me but not so good for all my friends who think I'm crazy for buying gold and silver for the last couple of years.
I don't even think I'm gonna be able to say "I told you so" because that would be just too cruel when all their pensions and 401-Ks are in the dirt.

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