Spot Gold (-5%) Silver (-15%) Platinum(-4%) CRASHING NOW!!!

LOL at the anti-silver tards.
Uninformed investors are selling EVERYTHING, buying safes and burying their paper cash in the back yard.
Stocks at the end of the day are as worthless as fiat paper money.
This is not a bubble burst, nor is it a "correction".
Once things stabilize, (re... crash further down to the 8k range) Gold and silver are going to explode. Now IS a buying opportunity.

Oh and industrial use of silver and gold have plummeted. BECAUSE THERE IS NO VALUE IN THE CASH USED TO BUY GOODs THAT CONTAIN SILVER AND GOLD.

NOW IS THE TIME TO BUY... BOOKMARK THIS POST AND SEE ME IN 2 MONTHS!

Wait until governments are forced to back their currency with PM's. They won't be buying gold. Silver and yes, COPPER will be the bargains that governments will purchase.

Or better yet don't buy and save your money. People have already lost thousands. You clowns kill me.

OMG you people are fucking insane. Governments are not going to start backing their currencies with PM's.

exactly

Now is when you buy.

I never understood why everyone jumped on the band wagon of gold and silver. Most thought it was "a good investment," I saw it as a bubble. If you understand the BASIC concept of supply and demand, or just buy and sell, you know you buy low and sell high. I know, this sounds like someone talking to a kid, but I read about so many people who were buying commodities at OUTRAGEOUS prices and I knew it was crazy.

The word commodities is a very definable word. It's not just precious metals, it's food, timber and many other things. Your skilled labor is a commodity

Sure, having a couple of pieces of silver is a nice way to have some security, but that's not all you need. Having some land with trees and a stream is worth more than gold. Having a field that's tillable is priceless, and knowing when to plant and harvest.

When you saw the adds for gold and silver ON tv....it was a bubble. It was scare tactics that made lots of people a lot of money...but not you!

You're best investment is your children! Teach them so this doesn't repeat it's self. You're investment is a nice barn to work out of and hone your favorite trade, having a wood stove for backup heat and stove top.

Now everyones scared and selling their gold/silver, wait for a bottom and buy some silver. NEVER BUY AT RECORD HIGHS!!!!!!

Invest in your future, your kids future, and the principals you believe in. This will get you through the tough times. Not some hunk of metal you think you're going to cut up and trade for food and supplies.

I agree. What we are seeing here, especially in silver is at least 50% criminal manipulation.

NO BUBBLE POPPED - there never was a bubble to begin with. I wouldn't be surprised to see gold and silver go to the moon shortly.

Do not buy if you can't afford to lose the money. Don't be stupid. We heard all of this 8 months ago, and look what has happened. People have lost their ass.

And have you ever considered that people are capable of possessing both food storage and precious metal?

If anything, what days like today prove, is that silver and gold will NEVER again back currencies. They are too volatile.

Graceland...BRAVO!!!

This make absolutely no sense. You have been duped if you do not sell your silver now. The elite leads the sheep into thinking 18% of the silver market (paper and physical) dictates the price.

Sorry to deflate your bubbles, but metals are totally tied to manufacturing and industrial demand. Look at 2008 for example, selling physical had nothing to do with the price drops in metals...industry demand did.

Copper, silver, platinum, palladium have all jumped since then due to false industrial surges.

Look at the histroy of gold and silver, compare the drops and rises to industrials, and be prepare for the hard truth if you believe physical demand will save the price of metals.

Take all your physical silver and melt it down. Let it cool off, but before it hardens, hammer it into thin sheets. Then you can make your very own silver foil hat. You get the added bonus of getting stoned on the fumes.

Thanks for the PIN! Mod/Member?

If anything, what days like today prove, is that silver and gold will NEVER again back currencies. They are too volatile.


You could also say that they'll never back currencies because they are to Valuable.

WINNING!!!

And there is the Comex margin hike that was apparently leaked earlier.

[link to www.cmegroup.com]

"WASHINGTON (AP) — The dollar rose strongly against the euro and other major currencies Thursday as a selling spree in global stock markets increased demand for lower-risk investments.

Asian and European markets plunged Thursday as traders absorbed the Federal Reserve's bleak assessment of the U.S. economy. The Fed had said that the U.S. economy is vulnerable to major risks, including from unstable financial markets.

Bad economic news from Asia and Europe also pushed people to sell riskier investments that typically gain value during periods of growth. HSBC's index of Chinese manufacturing showed that factories there have slowed in September.

Read more
[link to abcnews.go.com]

Last Edited by Account Deleted by User on 09/23/2011 05:34 PM

I just finished my order with Gainesville Coins. I backed the truck up and loaded it up with silver. THIS is the buying opportunity I have been waiting for. Thank you weak hands! Your loss is my gain.

Knock yourself Mr. money bags. Hope you make a killing.

yes and what happened shortly afterwards?

QE3 coming shortly....are you people really that stupid with incredibly short memories.

No wonder the US & UK is finished economically

As usual, the idiots will sell and smart money buys it up. Can it go down further, sure, so what. I bot silver at $9-13 an oz, so I'm a happy camper. Count on it going to $100 and beyond.

Research my user name and you'll see that I was a anti-pm tard. I even coined the phrase... "you can't eat silver". Yes, I was the first to make that comment. Boy, oh boy have my eyes been opened.

When you educate yourself, when you see that THERE IS NO VALUE IN OUR CURRENCY other than what tptb tell you it is worth. That's it, otherwise it is a worthless sheet of paper with ink on it. And US currency is still the worlds default reserve. So the balance of the worlds "wealth" is based on a sheet of paper that cannot be traded in for anything other than more worthless sheets of paper.

I am amassing a small silver horde. As well as a copper barrel. Just the fact that you can melt any "real" copper penny and sell the copper in it for 2 cents. (it is illegal to melt US coins) Think about that for a second. The metal used to make your money is often worth more than the face value of the money. Why is this? A dollar is simply 100 pennies.

Even cheap modern pennies cost 1.7 cents to stamp. So the US loses .7 cents for every penny it stamps. And that is atop the amount the USD drops for every cent printed.

As for deflation, I heard that guy talking about that on the radio. It's good logic. But it's very temporary.

the guy is full of shit

my last post was in reply to this post

this one....

Deflation has been the issure for well over a decade. All policies the fed has embrassed has been to draw us out of deflation.

So far it has all failed. What takes the hit in deflation...its assets. What rules in inflation..its currency.

What takes the hit in inflation...currency. What rules in inflation...assets.

When our economy deteriates further and we are drawn into inflation, cash on hand will be what allow you to buy all assets penny on the dollar.

OK there skippy, get back to your floor mopping job.....