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If gold and silver is set to keep going up, why is it being sold in mass?

 
Loadz
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Bahrain
04/30/2012 02:09 AM
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If gold and silver is set to keep going up, why is it being sold in mass?
Gold and silver still being sold and no stories of major rich / elite buying up these precious metals... Mostly fake bank stories buying up precious metals in paper not physical.

Or am i wrong? If anybody has some links or proof that the elite/ rich are buying gold & silver like there was no tomorrow then please share..
Loadz
Loadz (OP)

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Bahrain
04/30/2012 04:10 AM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
bump?????
Loadz
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United States
04/30/2012 04:18 AM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
They are just pumping and dumping to churn out fast cash for now. I think their ideology is why wait years for a return on investment when credit is cheap and they can make a pretty penny today.
Loadz (OP)

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Bahrain
04/30/2012 04:27 AM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
They are just pumping and dumping to churn out fast cash for now. I think their ideology is why wait years for a return on investment when credit is cheap and they can make a pretty penny today.
 Quoting: Anonymous Coward 1372499


Hmmm...yeahhhh....makes sense but why they aren't buying gold or silver in mass bulk is beyond me. Unless they're doing it secretly.
Loadz
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04/30/2012 04:46 AM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
Here in America, we have cash4gold and half a billion little shops like it. All corporate places take gold and silver too...
Anonymous Coward
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04/30/2012 11:05 PM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
Here in America, we have cash4gold and half a billion little shops like it. All corporate places take gold and silver too...
 Quoting: Anonymous Coward 1348050


no corporate places take gold and silver. WTF are you talking about? Mom and pop shops might take gold and silver, but try checking out at wal-mart with silver bars. that shit won't happen.
Anonymous Coward
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04/30/2012 11:09 PM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
Countries like China are buying gold by the ton.
Anonymous Coward
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04/30/2012 11:13 PM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
..the next bubble about to burst..NEVER have a commodity more than 5% of your portfolio...period...never ever...why would ANYONE sell gold/silver if paper is worthless...
Anonymous Coward
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04/30/2012 11:15 PM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
Jim Rogers has made millions on commodities
Anonymous Coward
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United States
04/30/2012 11:18 PM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
..the next bubble about to burst..NEVER have a commodity more than 5% of your portfolio...period...never ever...why would ANYONE sell gold/silver if paper is worthless...
 Quoting: Anonymous Coward 13422784


What worries me is the government raiding retirement accounts. Heck, all out market collapse even.

What is a safe hedge against these things? Seriously asking, thanks :-)
Anonymous Coward
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United States
04/30/2012 11:20 PM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
bump
Anonymous Coward
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United States
04/30/2012 11:22 PM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
Paper trades.
Anonymous Coward
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United States
04/30/2012 11:22 PM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
The Central banks have been accumulating real gold over the past few years.


They want the peons to sell their gold at the Cash for Gold stores, etc.
Anonymous Coward
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United States
04/30/2012 11:27 PM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
The Central banks have been accumulating real gold over the past few years.


They want the peons to sell their gold at the Cash for Gold stores, etc.
 Quoting: Anonymous Coward 13424880


[link to articles.economictimes.indiatimes.com]
Anonymous Coward
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United States
04/30/2012 11:37 PM
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Re: If gold and silver is set to keep going up, why is it being sold in mass?
..the next bubble about to burst..NEVER have a commodity more than 5% of your portfolio...period...never ever...why would ANYONE sell gold/silver if paper is worthless...
 Quoting: Anonymous Coward 13422784


What worries me is the government raiding retirement accounts. Heck, all out market collapse even.

What is a safe hedge against these things? Seriously asking, thanks :-)
 Quoting: Anonymous Coward 8397139


5% seems low to me, especially in light of the fact that the US dollar is a swiftly eroding fiat currency...

So, what is the hedge if not PMs?

Seriously - someone who is more knowledgeable than I please answer!

Thanks :-)

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