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Why is gold & silver crashing?

 
Its not me.
User ID: 4543488
Australia
11/06/2012 02:21 AM
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Why is gold & silver crashing?
Anyone?
MindShaft

User ID: 1554827
United States
11/06/2012 02:40 AM
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Re: Why is gold & silver crashing?
Crashing??

According to Kitco.com, spot silver is down a whole 9 cents an ounce in the overnight Asian markets, and spot gold is up 70 cents.

Nothings happening there.
"People have been conditioned to ridicule all that they are incapable of understanding." Goethe

"None are more hopelessly enslaved than those who falsely believe that they are free." Goethe
Its not me. (OP)
User ID: 4543488
Australia
11/06/2012 03:58 AM
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Re: Why is gold & silver crashing?
Big drops in both over the last 2 weeks.
Anonymous Coward
User ID: 19980561
United States
11/06/2012 04:01 AM
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Re: Why is gold & silver crashing?
I got a silly question if anyone in the know can help.
Silver is @ 31.81 at the moment. Why on the American Silver Eagles did they stamp 1 Dollar on it? If silver is worth 31 Dollars...?
#Geomagnetic_Storm#
"Amateur Meteorologist"

User ID: 1426914
United States
11/06/2012 04:08 AM

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Re: Why is gold & silver crashing?
Quick and stupid question. i have 2 silver coins will they be worth $30 each.
MindShaft

User ID: 1554827
United States
11/06/2012 04:09 AM
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Re: Why is gold & silver crashing?
I got a silly question if anyone in the know can help.
Silver is @ 31.81 at the moment. Why on the American Silver Eagles did they stamp 1 Dollar on it? If silver is worth 31 Dollars...?
 Quoting: Tanarus


That just makes it 'legal tender'. A government-sanctioned monetary coin that can be circulated and used in commerce.

The Canadian 1 oz maple has a $5.00 denomination. Same there.

I believe? Correct me if I'm wrong.
"People have been conditioned to ridicule all that they are incapable of understanding." Goethe

"None are more hopelessly enslaved than those who falsely believe that they are free." Goethe
Anonymous Coward
User ID: 27083631
United States
11/06/2012 04:09 AM
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Re: Why is gold & silver crashing?
^what he said. Here is the text of the law

I got a silly question if anyone in the know can help.
Silver is @ 31.81 at the moment. Why on the American Silver Eagles did they stamp 1 Dollar on it? If silver is worth 31 Dollars...?
 Quoting: Tanarus


[link to www.law.cornell.edu]



"e)Notwithstanding any other provision of law, the Secretary shall mint and issue, in qualities and quantities that the Secretary determines are sufficient to meet public demand, coins which—
(1)are 40.6 millimeters in diameter and weigh 31.103 grams;

(2)contain .999 fine silver;

(3)have a design—
(A)symbolic of Liberty on the obverse side; and

(B)of an eagle on the reverse side;

(4)have inscriptions of the year of minting or issuance, and the words “Liberty”, “In God We Trust”, “United States of America”, “1 Oz. Fine Silver”, “E Pluribus Unum”, and “One Dollar”; and

(5)have reeded edges.

(f) Silver Coins.—
(1) Sale price.— The Secretary shall sell the coins minted under subsection (e) to the public at a price equal to the market value of the bullion at the time of sale, plus the cost of minting, marketing, and distributing such coins (including labor, materials, dies, use of machinery, and promotional and overhead expenses).

(2) Bulk sales.— The Secretary shall make bulk sales of the coins minted under subsection (e) at a reasonable discount.

(3) Numismatic items.— For purposes of section 5132(a)(1) of this title, all coins minted under subsection (e) shall be considered to be numismatic items.

(g)For purposes of section 5132(a)(1) of this title, all coins minted under subsection (e) of this section shall be considered to be numismatic items.

(h)The coins issued under this title shall be legal tender as provided in section 5103 of this title."
andawg221

User ID: 27119446
United States
11/06/2012 05:42 AM
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Re: Why is gold & silver crashing?
I think tptb may pull a deflation to inflation game.

They will devalue gold and silver to the point of running most small guys out. Then they run everything up!

Now your hedge is gone, as most investors will lose a few dollars instead of watching it drop and holding it.

Obviously with your hedge gone, you have no choice but to go into debt to feed your family.

Now you are a slave to your debt!

Just my opinion, but its been looking like this for awhile.
Anonymous Coward
User ID: 26551114
United States
11/06/2012 05:51 AM
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Re: Why is gold & silver crashing?
People tried to eat it, realized they couldn't and are now selling so they can buy something useful. Metaltards are nutters.
Anonymous Coward
User ID: 23660254
United States
11/06/2012 06:08 AM
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Re: Why is gold & silver crashing?
I am not seeing this crash...is this a prediction??
andawg221

User ID: 27119446
United States
11/06/2012 06:11 AM
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Re: Why is gold & silver crashing?
I am not seeing this crash...is this a prediction??
 Quoting: exiled1


MSM was tearing it apart the other day, when silver lost $1.30.

So people are getting nervous, obviously.

But that's the idea!
Anonymous Coward
User ID: 23660254
United States
11/06/2012 06:12 AM
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Re: Why is gold & silver crashing?
I am not seeing this crash...is this a prediction??
 Quoting: exiled1


MSM was tearing it apart the other day, when silver lost $1.30.

So people are getting nervous, obviously.

But that's the idea!
 Quoting: andawg221


so $1.30 was a crash eh?? guess I am immune to doom, or something...peace
Anonymous Coward
User ID: 9128390
Australia
11/06/2012 06:13 AM
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Re: Why is gold & silver crashing?
Coz u got brainwashed by GLP spin on Gold and Silver.. No crash dude.
Anonymous Coward
User ID: 26699912
Australia
11/06/2012 06:15 AM
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Re: Why is gold & silver crashing?
Metaltards are nutters.

Papertards are worse.
Garman906

User ID: 26838565
United States
11/06/2012 06:16 AM

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Re: Why is gold & silver crashing?
Coz u got brainwashed by GLP spin on Gold and Silver.. No crash dude.
 Quoting: Anonymous Coward 9128390


Buy physical and hold it. I won't sell until I get the price I want.
The earth belongs to the animals. We were put here to look after them.
Sparrow and Medicine

User ID: 2042563
United Kingdom
11/06/2012 06:18 AM
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Re: Why is gold & silver crashing?
Crashing? You mean CARSHING?
"What happened to the legendary Chris Redfield, huh? What happened to you!?"
Anonymous Coward
User ID: 23660254
United States
11/06/2012 06:19 AM
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Re: Why is gold & silver crashing?
Coz u got brainwashed by GLP spin on Gold and Silver.. No crash dude.
 Quoting: Anonymous Coward 9128390


Buy physical and hold it. I won't sell until I get the price I want.
 Quoting: Garman906


but wouldn't it be best to buy when it crashes then? or was this the crash? seems not so long ago it was down around $26 wasn't it??

whats the election going to do to prices?
andawg221

User ID: 27119446
United States
11/06/2012 06:20 AM
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Re: Why is gold & silver crashing?
Coz u got brainwashed by GLP spin on Gold and Silver.. No crash dude.
 Quoting: Anonymous Coward 9128390


Buy physical and hold it. I won't sell until I get the price I want.
 Quoting: Garman906


Exactly!

Most GLP members ONLY see it as a shtf situation. And think it would be worthless in that scenario.

First 6 months to a year yes, after things stabilize it would be the money system.

I think the big dogs are just trying to shake physical holders.
andawg221

User ID: 27119446
United States
11/06/2012 06:24 AM
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Re: Why is gold & silver crashing?
I am not seeing this crash...is this a prediction??
 Quoting: exiled1


MSM was tearing it apart the other day, when silver lost $1.30.

So people are getting nervous, obviously.

But that's the idea!
 Quoting: andawg221


so $1.30 was a crash eh?? guess I am immune to doom, or something...peace
 Quoting: exiled1


For people shorting silver, $1.30 definitely hurt. But you are correct, $1.30 isn't much (pretty big move for one day) but in the grand scheme it means nothing.
Hitokiri

User ID: 2152129
United States
11/06/2012 06:25 AM

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Re: Why is gold & silver crashing?
Lol silver dropped $2... That's not crashing.
"You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it." -Morpheus
andawg221

User ID: 27119446
United States
11/06/2012 06:26 AM
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Re: Why is gold & silver crashing?
Coz u got brainwashed by GLP spin on Gold and Silver.. No crash dude.
 Quoting: Anonymous Coward 9128390


Buy physical and hold it. I won't sell until I get the price I want.
 Quoting: Garman906


but wouldn't it be best to buy when it crashes then? or was this the crash? seems not so long ago it was down around $26 wasn't it??

whats the election going to do to prices?
 Quoting: exiled1


I think sandy hurt the price more than the elections will.

Silver is so small, pulling that many traders out caused the drop.

My opinion only^
Anonymous Coward
User ID: 6044843
United Kingdom
11/06/2012 06:27 AM
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Re: Why is gold & silver crashing?
I think tptb may pull a deflation to inflation game.

They will devalue gold and silver to the point of running most small guys out. Then they run everything up!

Now your hedge is gone, as most investors will lose a few dollars instead of watching it drop and holding it.

Obviously with your hedge gone, you have no choice but to go into debt to feed your family.

Now you are a slave to your debt!

Just my opinion, but its been looking like this for awhile.
 Quoting: andawg221


simply put, but yes...

'you can't tax deflation'

we are currently experiencing biflation, next will be massive inflation and then currency change
Hitokiri

User ID: 2152129
United States
11/06/2012 06:28 AM

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Re: Why is gold & silver crashing?
People tried to eat it, realized they couldn't and are now selling so they can buy something useful. Metaltards are nutters.
 Quoting: Anonymous Coward 26551114


Rrally? Tell that to the people who bought gold at 700. In this economy you'd be stupid to not have gold or silver in your portfolio.
"You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it." -Morpheus
citizenperth
FUKUSHIMA, GLPTARD 24/7/365

User ID: 9196508
Australia
11/06/2012 06:30 AM

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Re: Why is gold & silver crashing?
just don't eat it.. if it's paper metal....

keep the rest.. foundation of civilization was built on it......
It's life as we know it, but only just.
My Fukushima Site:
[link to citizenperth.wordpress.com]
sic ut vos es vos should exsisto , denego alius vicis facio vos change , exsisto youself , proprie

GLP's best Fuku thread: Thread: *** Fukushima *** and other nuclear-----updates and links
twitter: @citizenperth
“If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper question to ask, for once I knew the proper question, I could solve the problem in less than five minutes.”
- Albert Einstein
citizenperth
FUKUSHIMA, GLPTARD 24/7/365

User ID: 9196508
Australia
11/06/2012 06:31 AM

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Re: Why is gold & silver crashing?
just don't eat it.. if it's paper metal, well....

keep the rest.. foundation of civilization was built on it......
It's life as we know it, but only just.
My Fukushima Site:
[link to citizenperth.wordpress.com]
sic ut vos es vos should exsisto , denego alius vicis facio vos change , exsisto youself , proprie

GLP's best Fuku thread: Thread: *** Fukushima *** and other nuclear-----updates and links
twitter: @citizenperth
“If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper question to ask, for once I knew the proper question, I could solve the problem in less than five minutes.”
- Albert Einstein
Theobromine
User ID: 19876247
United States
11/06/2012 06:35 AM
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Re: Why is gold & silver crashing?
watch the Max Keiser Report on RT

[link to youtu.be]

[link to youtu.be]

and the Hyper report everyday

[link to youtu.be]

this is an engineered drop

so TPTB can buy it cheaper.

Keep stacking physical.
andawg221

User ID: 27119446
United States
11/06/2012 06:36 AM
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Re: Why is gold & silver crashing?
People tried to eat it, realized they couldn't and are now selling so they can buy something useful. Metaltards are nutters.
 Quoting: Anonymous Coward 26551114


Rrally? Tell that to the people who bought gold at 700. In this economy you'd be stupid to not have gold or silver in your portfolio.
 Quoting: Hitokiri


You can't argue with stupid!

People on here only see gold and silver in a shtf scenario. If you only look at it that way, they are right... You can't eat it.

But even at that, you can still enjoy your gold and silver while eating spam like everybody else is.

Only difference in that situation is you would have gold and silver to look at.

But vice versa, the people not holding are gonna feel stupid when the currency collapse happens and we no longer need our spam, and just buy a farm with our gold and silver.
Theobromine
User ID: 19876247
United States
11/06/2012 06:40 AM
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Re: Why is gold & silver crashing?
Oh, and this Hyper report

[link to www.youtube.com]
Anonymous Coward
User ID: 11996258
United States
11/06/2012 06:42 AM
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Re: Why is gold & silver crashing?
Coz u got brainwashed by GLP spin on Gold and Silver.. No crash dude.
 Quoting: Anonymous Coward 9128390


Buy physical and hold it. I won't sell until I get the price I want.
 Quoting: Garman906


Exactly!

Most GLP members ONLY see it as a shtf situation. And think it would be worthless in that scenario.

First 6 months to a year yes, after things stabilize it would be the money system.

I think the big dogs are just trying to shake physical holders.
 Quoting: andawg221


^This^ Its not to be used during the crises, its preservation of wealth. So 6 months to a year after the fact, when TPTB have established the new system and PMs revalue into the new currency, you still have some net worth. You can prepare for the crises, and beyond, it doesn't have to be one or the other.

Silver is in a cup and handle formation right now, forming the low in the handle. Looks to have a price target of between 35 and 37.50, if it doesn't abort. I'm looking to buy sometime this week, when I get the signals I'm looking for. Could even be today.

Point being, don't freak out every time it drops a little. View it as a long term investment, because that's what it is. Take advantage of the buying opportunity.
Anonymous Coward
User ID: 1444339
United States
11/06/2012 06:44 AM
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Re: Why is gold & silver crashing?
Shut up and buy!
Anonymous Coward
User ID: 14660352
Argentina
11/06/2012 06:50 AM
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Re: Why is gold & silver crashing?
Carshing AGAIN??

drama

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