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Economic collapse and price controls on commodities!!

 
Whole lee shit

User ID: 11270410
United States
04/23/2013 12:22 PM
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Re: Economic collapse and price controls on commodities!!
I was talking with one of my counterparts this morning about our stocks. Good solid stock that have made us both a fair amount of money for years are going to shit. These are not just fly by night start up companies these are major fortune 500 companies that are having some major stock fluctuations. I do a fair amount of trading and as of about 2 weeks ago things have gotten weird. Its getting to the point where i don't know what to buy or what to sell because nothing makes sense anymore. I'm sure any of my day traders can vouch for this, and if they cant i want to see what stocks they are working with.
 Quoting: Whole lee shit


Everyone knows the market is due for a 40% correction. Everyone is out except computers and you.
 Quoting: Anonymous Coward 30879308


That's not true at all. I know a lot of day traders still in the game and like I said up, until a week or so ago we have been partying. Ive made more money this year then ever before playing in the stock market. It just seems here lately everything i do doesn't make the gains im looking for. Also, with the price dip then jump back up in the gold market it has me wondering. Ive got some solid stocks like HPQ and GE that do pretty well but even GE has been doing pretty shitty the last couple of days.
"You can go to hell -- I'm going to Texas!" - Davy Crockett

You think Einstein walked around thinkin' everyone was a bunch of dumb shits? Now you know why he built that bomb
Anonymous Coward
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04/23/2013 12:23 PM
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Re: Economic collapse and price controls on commodities!!
I agree.
 Quoting: Face Palmer


At some point, the free market will win out!
 Quoting: MaxMad


That's where we have been headed since Nixon oped up trade w/ China, this sucks. It's gonna hurt all of us.
SoulWinner
User ID: 910582
United States
04/23/2013 12:25 PM
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Re: Economic collapse and price controls on commodities!!
bump
 Quoting: skeptic 8198777


I really dont think anyone here cares...
 Quoting: MaxMad


We care! It's work hours for many, so it is difficult to reply.

Your economic basis is solid. Price ceilings lead to shortages, unless the ceiling is ridiculously high.
Anonymous Coward
User ID: 36661384
United Kingdom
04/23/2013 12:34 PM
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Re: Economic collapse and price controls on commodities!!
Just a small problem op. I am in uk and I can tell that prices has been going up till last year and now they are actually coming down in many many instances
Dairy
Dry goods
Meat
Veg and fresh fruit
Clothes
Electrical good
These are just some of the examples that reducing in price.
I do the shopping at home after work as my wife works long shifts as a nurse. I am aware of most prices two years ago and now
They are certainly coming down
Anonymous Coward
User ID: 38391534
United States
04/23/2013 12:48 PM
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Re: Economic collapse and price controls on commodities!!
Just to give you some perspective: In 1918 the average car would cost you $360. An equivalent today is $5,216. You would need then about 9Kg of silver. Today you would need 7kg of silver. This math shows that silver is a bit overvalued in relation to 1918 but also shows what they did to the dollar (inflation).

Source: [link to thecostofliving.com]
 Quoting: Coelho


Average car today costs $5,216?! Kindly let us know where we can line up for that fabulous deal of a new average car for under $6K. Thanks in advance.

sheep
 Quoting: Buck Zander


That's what the money translates to, not what a car SHOULD cost today.

Reading comprehension son.
Anonymous Coward
User ID: 30879308
United States
04/23/2013 12:49 PM
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Re: Economic collapse and price controls on commodities!!
I was talking with one of my counterparts this morning about our stocks. Good solid stock that have made us both a fair amount of money for years are going to shit. These are not just fly by night start up companies these are major fortune 500 companies that are having some major stock fluctuations. I do a fair amount of trading and as of about 2 weeks ago things have gotten weird. Its getting to the point where i don't know what to buy or what to sell because nothing makes sense anymore. I'm sure any of my day traders can vouch for this, and if they cant i want to see what stocks they are working with.
 Quoting: Whole lee shit


Everyone knows the market is due for a 40% correction. Everyone is out except computers and you.
 Quoting: Anonymous Coward 30879308


That's not true at all. I know a lot of day traders still in the game and like I said up, until a week or so ago we have been partying. Ive made more money this year then ever before playing in the stock market. It just seems here lately everything i do doesn't make the gains im looking for. Also, with the price dip then jump back up in the gold market it has me wondering. Ive got some solid stocks like HPQ and GE that do pretty well but even GE has been doing pretty shitty the last couple of days.
 Quoting: Whole lee shit


GE has exposure to the Irish banks. I read about this morning through Germany. If it's important to you, you'll dig and find it out for yourself.
Anonymous Coward
User ID: 30879308
United States
04/23/2013 12:51 PM
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Re: Economic collapse and price controls on commodities!!
Just a small problem op. I am in uk and I can tell that prices has been going up till last year and now they are actually coming down in many many instances
Dairy
Dry goods
Meat
Veg and fresh fruit
Clothes
Electrical good
These are just some of the examples that reducing in price.
I do the shopping at home after work as my wife works long shifts as a nurse. I am aware of most prices two years ago and now
They are certainly coming down
 Quoting: Anonymous Coward 36661384


Only because they can't sell anything. Recently at Kroger I noticed everything was on sale.
MaxMad  (OP)

User ID: 13864401
United States
04/23/2013 12:54 PM
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Re: Economic collapse and price controls on commodities!!
Just to give you some perspective: In 1918 the average car would cost you $360. An equivalent today is $5,216. You would need then about 9Kg of silver. Today you would need 7kg of silver. This math shows that silver is a bit overvalued in relation to 1918 but also shows what they did to the dollar (inflation).

Source: [link to thecostofliving.com]
 Quoting: Coelho


Average car today costs $5,216?! Kindly let us know where we can line up for that fabulous deal of a new average car for under $6K. Thanks in advance.

sheep
 Quoting: Buck Zander


That's what the money translates to, not what a car SHOULD cost today.

Reading comprehension son.
 Quoting: Anonymous Coward 38391534


The comparson from 1918 to today is interesting since the FED was created and started the "great devaluation" in 1913! check out these charts of the dollar...

[link to pricedingold.com]
mumf

User ID: 2822082
United States
04/23/2013 12:58 PM
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Re: Economic collapse and price controls on commodities!!
Nice post, OP. And correct, I believe.
Anonymous Coward
User ID: 31097857
United States
04/23/2013 01:00 PM
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Re: Economic collapse and price controls on commodities!!
Right now there is price manipulation happening in virtually all markets!! Stocks, bonds, commodities, etc. There is a very big unintended consequence of the artificial suppression of commodity prices that I want you to think about. We all now are seeing how the price of gold and silver on the comex is no where near what costs to acquire the physical. That is because the premium (or the markup from the spot price). I believe this is happening in most commodity markets to try and hide TRUE inflation. The problem is we will see a greater discrepincy between the spot price and the actual price. Think about gas??? In 2007ish the price of a barrel was about the same as it is today, yet we were only paying $1.50ish then for a gallon of gas. Today, They have manipulated the price of oil to "artificial" price however the "actual" price to us is virtually double!!!!! This is very similar in many commodities...

Here is the big problem, my belief is that before we see the huge price spikes in commodities we will first see SHORTAGES!!!! This is a direct result of the manipulation!!! What we are seeing in the precious metals today with a decoupling between the spot price and "actual" price will hit other commodities as well! IMHO!!!
 Quoting: MaxMad


Please people remember the gas lines of the 1970's because of price controls/lack of supply!!! Now imagine that on most commodities! That is whats coming!!
 Quoting: MaxMad


Show us a list of commodities and what your estimate of paper vs. physical spread is. For silver, it was around 20%.
TOTRhombus

User ID: 25599408
United States
04/23/2013 01:06 PM
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Re: Economic collapse and price controls on commodities!!
Just a small problem op. I am in uk and I can tell that prices has been going up till last year and now they are actually coming down in many many instances
Dairy
Dry goods
Meat
Veg and fresh fruit
Clothes
Electrical good
These are just some of the examples that reducing in price.
I do the shopping at home after work as my wife works long shifts as a nurse. I am aware of most prices two years ago and now
They are certainly coming down
 Quoting: Anonymous Coward 36661384


Only because they can't sell anything. Recently at Kroger I noticed everything was on sale.
 Quoting: Anonymous Coward 30879308


True, but the sale prices are still higher than the regular price a year ago. Plus, the same size packages have a lot less product in them in a lot of cases. It's all smoke and mirrors.

Also, it's the "middle aisle" crap that they're having trouble unloading since people have far less disposable income for that stuff. Prices of staples like bread, produce and meat keep rising.
I don't know where you get your delusions, laser brain.
Buck Zander

User ID: 26745463
Canada
04/23/2013 01:12 PM
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Re: Economic collapse and price controls on commodities!!
Just to give you some perspective: In 1918 the average car would cost you $360. An equivalent today is $5,216. You would need then about 9Kg of silver. Today you would need 7kg of silver. This math shows that silver is a bit overvalued in relation to 1918 but also shows what they did to the dollar (inflation).

Source: [link to thecostofliving.com]
 Quoting: Coelho


Average car today costs $5,216?! Kindly let us know where we can line up for that fabulous deal of a new average car for under $6K. Thanks in advance.

sheep
 Quoting: Buck Zander


That's what the money translates to, not what a car SHOULD cost today.

Reading comprehension son.
 Quoting: Anonymous Coward 38391534


Well as long as it makes sense in your head. You remind me of a bad teacher who sucks at explaining a topic and then blames the students for his own deficiencies.

Let's say an average car (on the lower end even) costs 15K today. That translates to 500oz of silver, when priced at $30/oz. That translates to 14kg. At $25/oz (spot plus low low premium), it would take 600oz, or 17kg.

So, you want to take another crack at showing us how silver is overvalued today?

Oh, and I'm probably old enough to be your dad, or uncle, or, at the very least, your brother. Definitely not your son.

peace
There must be a law that people can't lie.
Anonymous Coward
User ID: 2164937
United States
04/23/2013 01:18 PM
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Re: Economic collapse and price controls on commodities!!
Failures to deliver gold (defaults) are already happening. First, MF Global just outright STOLE their investors' gold and silver. Then bullion bank ABN AMRO stopped all gold deliveries, and changed to cash settlement only.

From Andrew Maguire "...(ABN AMRO) really was the tip of the iceberg. What happened was that we saw that first bullion bank create the first visible default of the LBMA fractional reserve system. I hear of other clients who are now panicking...I must say I had some really distressed emails. What they were asking is, ‘What should I do?’ All I could say to them is, ‘If I had physical stored in any bullion bank related warehouse, whether it be COMEX or LBMA, I would remove it right now." [link to kingworldnews.com]

Now a Swiss Bank is defaulting on delivery. From Jim Sinclair “A person that I know with significant deposits in one of the primary Swiss banks, in allocated gold, wanted to take out his gold and was just refused on the basis of directives from the central bank [link to kingworldnews.com]

And physical buying of physical gold and silver is breaking records. Take China, for example Maguire - Gold Deliveries Into China Soar To 1,000 Tons (so far this year) [link to kingworldnews.com]
Whole lee shit

User ID: 11270410
United States
04/23/2013 01:21 PM
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Re: Economic collapse and price controls on commodities!!
I was talking with one of my counterparts this morning about our stocks. Good solid stock that have made us both a fair amount of money for years are going to shit. These are not just fly by night start up companies these are major fortune 500 companies that are having some major stock fluctuations. I do a fair amount of trading and as of about 2 weeks ago things have gotten weird. Its getting to the point where i don't know what to buy or what to sell because nothing makes sense anymore. I'm sure any of my day traders can vouch for this, and if they cant i want to see what stocks they are working with.
 Quoting: Whole lee shit


Everyone knows the market is due for a 40% correction. Everyone is out except computers and you.
 Quoting: Anonymous Coward 30879308


That's not true at all. I know a lot of day traders still in the game and like I said up, until a week or so ago we have been partying. Ive made more money this year then ever before playing in the stock market. It just seems here lately everything i do doesn't make the gains im looking for. Also, with the price dip then jump back up in the gold market it has me wondering. Ive got some solid stocks like HPQ and GE that do pretty well but even GE has been doing pretty shitty the last couple of days.
 Quoting: Whole lee shit


GE has exposure to the Irish banks. I read about this morning through Germany. If it's important to you, you'll dig and find it out for yourself.
 Quoting: Anonymous Coward 30879308


The thing with GE is they are a well diversified company. Plus, they are getting out of the business with the Irish so im not worried about them because Ireland is such a small country. Their stock will go back up no doubt. Stocks similar to GE aren't big short term earners but the dividends at the end of the year are nice.
"You can go to hell -- I'm going to Texas!" - Davy Crockett

You think Einstein walked around thinkin' everyone was a bunch of dumb shits? Now you know why he built that bomb
Anonymous Coward
User ID: 38418408
United States
04/23/2013 01:23 PM
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Re: Economic collapse and price controls on commodities!!
Please people remember the gas lines of the 1970's because of price controls/lack of supply!!! Now imagine that on most commodities! That is whats coming!!
 Quoting: MaxMad



WRONG

It was an embargo from OPEC, an artificial shortage that can happen at any time.

[link to en.wikipedia.org]
SteamrolledGobias

User ID: 15716609
United States
04/23/2013 01:24 PM
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Re: Economic collapse and price controls on commodities!!
Just to give you some perspective: In 1918 the average car would cost you $360. An equivalent today is $5,216. You would need then about 9Kg of silver. Today you would need 7kg of silver. This math shows that silver is a bit overvalued in relation to 1918 but also shows what they did to the dollar (inflation).

Source: [link to thecostofliving.com]
 Quoting: Coelho


Average car today costs $5,216?! Kindly let us know where we can line up for that fabulous deal of a new average car for under $6K. Thanks in advance.

sheep
 Quoting: Buck Zander


That's what the money translates to, not what a car SHOULD cost today.

Reading comprehension son.
 Quoting: Anonymous Coward 38391534


The comparson from 1918 to today is interesting since the FED was created and started the "great devaluation" in 1913! check out these charts of the dollar...

[link to pricedingold.com]
 Quoting: MaxMad


so deep. I wonder how much longer we have before the system caves in
Anonymous Coward
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04/23/2013 01:27 PM
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Re: Economic collapse and price controls on commodities!!
Anonymous Coward
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04/23/2013 01:28 PM
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Re: Economic collapse and price controls on commodities!!
I care, OP. I read it all.
Anonymous Coward
User ID: 38690925
United States
04/23/2013 01:33 PM
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Re: Economic collapse and price controls on commodities!!
This is all BS. I have been trading gold for 5 years.

Every time the price approaches a large trendline, all the old longs stop losses get breached which causes the price to spike lower. As more and more buyers see the price crashing, they cash out which causes it to crash more. Then the computer algorithms on wall street also start selling and add to the mayhem.

It is about key price points, trendlines and algorithm trading.

The disconnect in spot price for example now in silver $22 and currently $31 is the best price in australia I can get a silver coin for, is purely because bullion dealers buy stock ahead of time and dont want to be caught with their pants down making a loss. The bullion price takes quite a while to fall, you cant expect dealers to risk their asses, its just common sense.

Also why would they lower the price when everyone is even more interested in buying now at $3 or $4 lower than 2 weeks ago prices. Why lower the metal price down to match the spot price when people will all still happily line up for hours at currently prices. You dont put things on sale when they are selling perfectly fine already !

It's just common sense, not a fucking conspiracy every time the price of previous metals falls. Yes the manipulate it to some extent at key price points, but once it breaches the price it then free falls and is out of their control.

Don't be surprised if silver falls to $17 before we see it go back up again either.
 Quoting: Anonymous Coward 9761298

Wake up sheep. The long gold contracts through this crash have not gone down at all. It was ignited through a 400 ton short. Who has the money for that, even on margin? Oh I know, banks.

They force stop losses and margin calls creating a falling price. They keep the price down, though they don't know the exact amount they can suppress it to at any time.
Anonymous Coward
User ID: 20203452
United States
04/23/2013 02:05 PM
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Re: Economic collapse and price controls on commodities!!
This is all BS. I have been trading gold for 5 years.

Every time the price approaches a large trendline, all the old longs stop losses get breached which causes the price to spike lower. As more and more buyers see the price crashing, they cash out which causes it to crash more. Then the computer algorithms on wall street also start selling and add to the mayhem.

It is about key price points, trendlines and algorithm trading.

The disconnect in spot price for example now in silver $22 and currently $31 is the best price in australia I can get a silver coin for, is purely because bullion dealers buy stock ahead of time and dont want to be caught with their pants down making a loss. The bullion price takes quite a while to fall, you cant expect dealers to risk their asses, its just common sense.

Also why would they lower the price when everyone is even more interested in buying now at $3 or $4 lower than 2 weeks ago prices. Why lower the metal price down to match the spot price when people will all still happily line up for hours at currently prices. You dont put things on sale when they are selling perfectly fine already !

It's just common sense, not a fucking conspiracy every time the price of previous metals falls. Yes the manipulate it to some extent at key price points, but once it breaches the price it then free falls and is out of their control.

Don't be surprised if silver falls to $17 before we see it go back up again either.
 Quoting: Anonymous Coward 9761298

Wake up sheep. The long gold contracts through this crash have not gone down at all. It was ignited through a 400 ton short. Who has the money for that, even on margin? Oh I know, banks.

They force stop losses and margin calls creating a falling price. They keep the price down, though they don't know the exact amount they can suppress it to at any time.
 Quoting: Anonymous Coward 38690925


Now you're saying the Banks are in cahoots sept The Fed wouldn't stand for it.

Now The Fed selling gold that cheap, I can see that.
Anonymous Coward
User ID: 2570245
United States
04/23/2013 02:13 PM
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Re: Economic collapse and price controls on commodities!!
This is all BS. I have been trading gold for 5 years.

Every time the price approaches a large trendline, all the old longs stop losses get breached which causes the price to spike lower. As more and more buyers see the price crashing, they cash out which causes it to crash more. Then the computer algorithms on wall street also start selling and add to the mayhem.

It is about key price points, trendlines and algorithm trading.

The disconnect in spot price for example now in silver $22 and currently $31 is the best price in australia I can get a silver coin for, is purely because bullion dealers buy stock ahead of time and dont want to be caught with their pants down making a loss. The bullion price takes quite a while to fall, you cant expect dealers to risk their asses, its just common sense.

Also why would they lower the price when everyone is even more interested in buying now at $3 or $4 lower than 2 weeks ago prices. Why lower the metal price down to match the spot price when people will all still happily line up for hours at currently prices. You dont put things on sale when they are selling perfectly fine already !

It's just common sense, not a fucking conspiracy every time the price of previous metals falls. Yes the manipulate it to some extent at key price points, but once it breaches the price it then free falls and is out of their control.

Don't be surprised if silver falls to $17 before we see it go back up again either.
 Quoting: Anonymous Coward 9761298


You mention nothing about the disconnect between the paper gold/silver market and actual metal. You fail, sir.
Anonymous Coward
User ID: 2570245
United States
04/23/2013 02:15 PM
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Re: Economic collapse and price controls on commodities!!
...


What will this mean for us potentially? Price controls and the free market tend to be at odds? So a farmer who knows he can get twice as much in China will gladly sell to China for double. Think... Oil, food, Precious Metals, imports will all be affected!
 Quoting: MaxMad


Seems like Obama did an EO to take control of food in case it became necessary.

Have you pulled up your shrubs and started edible landscaping, just in case? LOL
 Quoting: Anonymous Coward 30879308


I did just that last year,along with front and side yard grass...LOL
 Quoting: Anonymous Coward 38744739


Thank Goodness someone else realizes you can't gnaw on silver and gold and survive.

Precious metal is an aluminum bucket, durable and you can carry food in it. Gold and silver will go to zero so the banks can buy it all. Maybe in 20 years in will go back up.

Never follow the herd.
 Quoting: Anonymous Coward 30879308


the herd? LMAO - the herd has no gold or silver. the herd is fully invested in paper stocks, bonds and monopoly money.
Anonymous Coward
User ID: 36113644
United Kingdom
04/23/2013 02:22 PM
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Re: Economic collapse and price controls on commodities!!
Right now there is price manipulation happening in virtually all markets!! Stocks, bonds, commodities, etc. There is a very big unintended consequence of the artificial suppression of commodity prices that I want you to think about. We all now are seeing how the price of gold and silver on the comex is no where near what costs to acquire the physical. That is because the premium (or the markup from the spot price). I believe this is happening in most commodity markets to try and hide TRUE inflation. The problem is we will see a greater discrepincy between the spot price and the actual price. Think about gas??? In 2007ish the price of a barrel was about the same as it is today, yet we were only paying $1.50ish then for a gallon of gas. Today, They have manipulated the price of oil to "artificial" price however the "actual" price to us is virtually double!!!!! This is very similar in many commodities...

Here is the big problem, my belief is that before we see the huge price spikes in commodities we will first see SHORTAGES!!!! This is a direct result of the manipulation!!! What we are seeing in the precious metals today with a decoupling between the spot price and "actual" price will hit other commodities as well! IMHO!!!
 Quoting: MaxMad


I care, but your article is a little hard to parse.

For one thing, how is the gold price different from the gold spot price? The spot is the price quoted everywhere, and if you go to a gold seller like APMEX you will pay a premium above spot (their profit). You seem to be saying there's some other, "real", price. Tell us more or provide a link please.
 Quoting: Anonymous Coward 6493463


The "real" price is the price it costs you to obtain 1 ounce of physical silver... Not the comex spot!
 Quoting: MaxMad


Yes, during low physical volatility the spread is low, during high periods of volatility the spread is high which is what has happened. The only difference being the last week has probably seen the largest physical demand known to man, which is why you're being quote 10 - 25% above spot. The take down was an opportunity every Asian stashing cash was waiting for.
Anonymous Coward
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United States
04/23/2013 02:24 PM
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Re: Economic collapse and price controls on commodities!!
someone parks the car and puts the emergency brake on but the car keep sliding, up hill.
Anonymous Coward
User ID: 38737927
Italy
04/23/2013 02:25 PM
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Re: Economic collapse and price controls on commodities!!
...


What will this mean for us potentially? Price controls and the free market tend to be at odds? So a farmer who knows he can get twice as much in China will gladly sell to China for double. Think... Oil, food, Precious Metals, imports will all be affected!
 Quoting: MaxMad


Seems like Obama did an EO to take control of food in case it became necessary.

Have you pulled up your shrubs and started edible landscaping, just in case? LOL
 Quoting: Anonymous Coward 30879308


I did just that last year,along with front and side yard grass...LOL
 Quoting: Anonymous Coward 38744739


Thank Goodness someone else realizes you can't gnaw on silver and gold and survive.

Precious metal is an aluminum bucket, durable and you can carry food in it. Gold and silver will go to zero so the banks can buy it all. Maybe in 20 years in will go back up.

Never follow the herd.
 Quoting: Anonymous Coward 30879308


a reset's comin soon
even if u r in denial
Anonymous Coward
User ID: 30879308
United States
04/23/2013 02:26 PM
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Re: Economic collapse and price controls on commodities!!
...


Seems like Obama did an EO to take control of food in case it became necessary.

Have you pulled up your shrubs and started edible landscaping, just in case? LOL
 Quoting: Anonymous Coward 30879308


I did just that last year,along with front and side yard grass...LOL
 Quoting: Anonymous Coward 38744739


Thank Goodness someone else realizes you can't gnaw on silver and gold and survive.

Precious metal is an aluminum bucket, durable and you can carry food in it. Gold and silver will go to zero so the banks can buy it all. Maybe in 20 years in will go back up.

Never follow the herd.
 Quoting: Anonymous Coward 30879308


the herd? LMAO - the herd has no gold or silver. the herd is fully invested in paper stocks, bonds and monopoly money.
 Quoting: Anonymous Coward 2570245


Then why is there no physical gold available?

Gold will be confiscated. They will get you when you buy it high and then a second time when they confiscate it.

You'll get a double screwing for your money with gold. LOL
Mukk1234

User ID: 12272727
United States
04/23/2013 02:28 PM

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Re: Economic collapse and price controls on commodities!!
This is all BS. I have been trading gold for 5 years.

Every time the price approaches a large trendline, all the old longs stop losses get breached which causes the price to spike lower. As more and more buyers see the price crashing, they cash out which causes it to crash more. Then the computer algorithms on wall street also start selling and add to the mayhem.

It is about key price points, trendlines and algorithm trading.

The disconnect in spot price for example now in silver $22 and currently $31 is the best price in australia I can get a silver coin for, is purely because bullion dealers buy stock ahead of time and dont want to be caught with their pants down making a loss. The bullion price takes quite a while to fall, you cant expect dealers to risk their asses, its just common sense.

Also why would they lower the price when everyone is even more interested in buying now at $3 or $4 lower than 2 weeks ago prices. Why lower the metal price down to match the spot price when people will all still happily line up for hours at currently prices. You dont put things on sale when they are selling perfectly fine already !

It's just common sense, not a fucking conspiracy every time the price of previous metals falls. Yes the manipulate it to some extent at key price points, but once it breaches the price it then free falls and is out of their control.

Don't be surprised if silver falls to $17 before we see it go back up again either.
 Quoting: Anonymous Coward 9761298


$17 sorry bud but that is bsflag

You cant get shit right now, if it falls to 17 per OZ there wont be shit left on the market...its already hard to get.

Last Edited by Mukk1234 on 04/23/2013 02:28 PM
Anonymous Coward
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United States
04/23/2013 02:31 PM
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Re: Economic collapse and price controls on commodities!!
...


I did just that last year,along with front and side yard grass...LOL
 Quoting: Anonymous Coward 38744739


Thank Goodness someone else realizes you can't gnaw on silver and gold and survive.

Precious metal is an aluminum bucket, durable and you can carry food in it. Gold and silver will go to zero so the banks can buy it all. Maybe in 20 years in will go back up.

Never follow the herd.
 Quoting: Anonymous Coward 30879308


the herd? LMAO - the herd has no gold or silver. the herd is fully invested in paper stocks, bonds and monopoly money.
 Quoting: Anonymous Coward 2570245


Then why is there no physical gold available?

Gold will be confiscated. They will get you when you buy it high and then a second time when they confiscate it.

You'll get a double screwing for your money with gold. LOL
 Quoting: Anonymous Coward 30879308


Why would they confiscate gold when FoXNews must be giving their gold advertisers free commercial time.
Anonymous Coward
User ID: 30879308
United States
04/23/2013 02:32 PM
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Re: Economic collapse and price controls on commodities!!
...


Seems like Obama did an EO to take control of food in case it became necessary.

Have you pulled up your shrubs and started edible landscaping, just in case? LOL
 Quoting: Anonymous Coward 30879308


I did just that last year,along with front and side yard grass...LOL
 Quoting: Anonymous Coward 38744739


Thank Goodness someone else realizes you can't gnaw on silver and gold and survive.

Precious metal is an aluminum bucket, durable and you can carry food in it. Gold and silver will go to zero so the banks can buy it all. Maybe in 20 years in will go back up.

Never follow the herd.
 Quoting: Anonymous Coward 30879308


a reset's comin soon
even if u r in denial
 Quoting: Anonymous Coward 38737927


Look at the gold price chart for the last 100 years. It went up and stayed up for awhile and then went back down to around $5 and stayed there a long time.

What's it good for? Trinkets and false security in a material object. At least silver has medicinal and industrial uses.

90% of the population doesn't give a damn about gold. They want stuff that is useful and helpful when life hits them upside the head.

Take your gold to a farmer when the money market locks up and see what you get. Nothing.
leonine

User ID: 12569974
United States
04/23/2013 02:52 PM
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Re: Economic collapse and price controls on commodities!!
Gold in good for outer space. Silver, not so much I hear. Oxidization perhaps.
lizard king





GLP