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Precious Metals are Plummeting! [VANITY]
http://www.freerepublic.com ^ | April 12, 2013 | Obama_Is_Sabotaging_America

Posted on 04/12/2013 3:36:18 PM PDT by Obama_Is_Sabotaging_America

Wow, look what I noticed today? The European fiscal crisis must have triggered this..

Gold: $1,478/oz
Silver: $25.95/oz.
Platinum: $1,491.00/oz.


TOPICS: Your Opinion/Questions
KEYWORDS: bubblepopped; gold; goldfantasies; goldminicrash; goldprice; justacommodity; metals; platinum; precious; silver; silverprice; sourcetitlenoturl; vanity
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What gives?
1 posted on 04/12/2013 3:36:18 PM PDT by Obama_Is_Sabotaging_America
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To: Obama_Is_Sabotaging_America

Moderator, please clean-up my ‘[VANITY]’ error in title, thanks.


2 posted on 04/12/2013 3:37:06 PM PDT by Obama_Is_Sabotaging_America (PRISON AT BENGHAZI?????)
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To: Obama_Is_Sabotaging_America

What were the starting values?


3 posted on 04/12/2013 3:39:42 PM PDT by EEGator
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To: EEGator

Looks like a buying opportunity to me. LOL.


4 posted on 04/12/2013 3:42:10 PM PDT by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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To: Obama_Is_Sabotaging_America

Gold and silver on the sale discount rack. Limited time offer. Word to the wise.


5 posted on 04/12/2013 3:44:45 PM PDT by Prince Caspian
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To: greeneyes

Not for me I’m poor. :)


6 posted on 04/12/2013 3:44:55 PM PDT by EEGator
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To: greeneyes
I Goldman Sachs' prediction is right, wait until 2014 when gold hits $1350
7 posted on 04/12/2013 3:45:40 PM PDT by SC DOC
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To: EEGator

Buy silver if you are poor. Get silver dimes.


8 posted on 04/12/2013 3:48:57 PM PDT by Jack Hydrazine (I’m not a Republican, I’m a conservative! Pubbies haven't been conservative since before T.R.)
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To: Obama_Is_Sabotaging_America

Broke countries in Europe are being forced to sell their gold in order to lessen the amount of bailout money provided by the EMF.

Silver tracks gold, so it is down as well.

Platinum fell less than gold as a percentage move, largely because it is used in oil refining and catalytic converters (cars) and has industrial demand supporting its price more so than gold or silver.


9 posted on 04/12/2013 3:50:31 PM PDT by Andy from Chapel Hill
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To: EEGator
Metal Bid Ask Change
Gold $1,477.10 $1,479.10 ($88.80)
Silver $25.78 $25.88 ($1.94)
Platinum $1,474.50 $1,484.50 ($52.30)
Palladium $705.90 $710.90 ($23.40)

10 posted on 04/12/2013 3:53:54 PM PDT by mykroar (Moderation in temper is always a virtue; but moderation in principle is always a vice.-Thomas Paine)
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To: EEGator

If you have any money in a savings account, you could take some of that and use some cash money to buy some silver eagles or smaller denominations. If you pay cash to a local dealer of good reputation, then you can be all set for the devaluation of the dollar, and loss of the reserve currency status.

Even saving nickles would be good, since it now costs more than a nickle to make them. When they change the compostion, the nickles will spike up too.


11 posted on 04/12/2013 3:53:56 PM PDT by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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To: Obama_Is_Sabotaging_America

WTF?
12 posted on 04/12/2013 3:55:10 PM PDT by slumber1 (Don't taze me bro!)
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To: SC DOC

Split the difference, unless you already have all the precious metals you need. Buy some now and buy some on the way down till you get the amount you feel is prudent for a well-balanced portfolio or SHTF - whatever you think you need to do.


13 posted on 04/12/2013 3:57:33 PM PDT by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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To: Jack Hydrazine

I eat Ramen Noodles and eggs. College isn’t good for earning money.


14 posted on 04/12/2013 3:57:49 PM PDT by EEGator
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To: greeneyes

Yep, buy on the dips...


15 posted on 04/12/2013 3:58:09 PM PDT by glorgau
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To: slumber1

I thought it was ‘frickin’ since he seems to put that word in every sentence he says, being the idiot he is.


16 posted on 04/12/2013 3:58:15 PM PDT by Obama_Is_Sabotaging_America (PRISON AT BENGHAZI?????)
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To: mykroar

Thank you.


17 posted on 04/12/2013 3:58:19 PM PDT by EEGator
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To: Obama_Is_Sabotaging_America

Sorry - you are right I should have spelled it out

WHAT THE FRICK?????


18 posted on 04/12/2013 3:59:00 PM PDT by slumber1 (Don't taze me bro!)
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To: Prince Caspian
Gold and silver on the sale discount rack. Limited time offer. Word to the wise.

Looking at the chart, you may be right.

The 50 day and 200 day MA's are not trade-able. Whipsaws galore.

Better to hold a few of the star mining stocks in equal weight, indefinitely. Less volatile as they make money at a variety of prices, just less of it when the commodity price is down, but still make money.

19 posted on 04/12/2013 3:59:50 PM PDT by cicero2k
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To: greeneyes

See me post #14.

Thanks for the information though, I appreciate it.


20 posted on 04/12/2013 4:00:54 PM PDT by EEGator
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