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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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To: Obama_Is_Sabotaging_America
See previous post:
Freerepublic.com/focus/f-news/3008245/posts

I bet Soros knew beforehand.

21 posted on 04/12/2013 4:06:28 PM PDT by immadashell
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To: Obama_Is_Sabotaging_America

Someone is going to get rich off of this deflation. spooky dude?


22 posted on 04/12/2013 4:08:17 PM PDT by RC one (The problem with socialism is that you eventually run out of other people's money.)
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To: Obama_Is_Sabotaging_America
Perhaps this is just the market adjusting itself to the anticipated gold confiscation rate... that is, the rate the government will give you in exchange for stealing your caches of gold.

New bill requires gold and silver registration

23 posted on 04/12/2013 4:10:38 PM PDT by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: Obama_Is_Sabotaging_America
I guess Lead with Full Metal Jacket and or other variations of metallic AMMO trumps GOLD.
24 posted on 04/12/2013 4:15:51 PM PDT by Falcon4.0
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To: Obama_Is_Sabotaging_America

I continue to trade fiat pieces of paper for real assets, including gold and silver in order to free my money from the system. Lower prices = better trade.


25 posted on 04/12/2013 4:20:21 PM PDT by aMorePerfectUnion (Gone rogue, gone Galt, gone international, gone independent. Gone.)
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To: Jack Hydrazine

that’s what i’ve been doing! i turned in about eight of them along
with a few old quarters and halves, and got about thirty dollars before easter!


26 posted on 04/12/2013 4:23:14 PM PDT by dsutah
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To: EEGator

I was a student once too. However, you can examine your change. If you see dimes/coins dated before 1965 put them in your piggy bank.

Likewise keep all your nickles. It’s a start, and better than nothing.

If you could do it, you might even just keep all your change until you have enough to buy a silver dime, or quarter or what ever.


27 posted on 04/12/2013 4:24:47 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

I believe it is the fed selling naked shorts.


28 posted on 04/12/2013 4:25:07 PM PDT by taxcontrol
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To: Obama_Is_Sabotaging_America

There is a difference between the price for a certificate giving you an unenforceable “right” to take possession of a precious metal someone else claims to possess and paying for gold/silver and taking physical possession of it..

The markets are being manipulated with paper trades that are unlikely to be backed by real gold or silver, i.e. empty vaults and promises.


29 posted on 04/12/2013 4:29:06 PM PDT by peyton randolph (FUBO and his wookie beard)
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To: Falcon4.0

“I guess Lead with Full Metal Jacket and or other variations of metallic AMMO trumps GOLD.”

****

Not an either/or choice. Get both. Molon Labe.


30 posted on 04/12/2013 4:30:54 PM PDT by peyton randolph (FUBO and his wookie beard)
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To: greeneyes

I’ll take a look, thanks for the heads up.


31 posted on 04/12/2013 4:32:15 PM PDT by EEGator
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To: Obama_Is_Sabotaging_America

Oil futures fell as well.


32 posted on 04/12/2013 4:34:24 PM PDT by AppyPappy (You never see a massacre at a gun show.)
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To: EEGator; Jack Hydrazine; no-to-illegals; All

Here is the two year chart for Silver, which is what I follow most closely. In that period, I believe the high for gold has been in the $1700s per oz. Platinum is generally a little higher than gold, but occasionally below gold if I remember correctly. Well, I have tried twice to transfer the chart from Market Watch, but no luck. Around 20 months ago silver hit a high around $42, then it dropped and mostly hovered between $34 and $32. This is a noticeable drop. Cause? The Xmas Valentines Day season is over. No jewelry until Mothers day. Less silver for photography and industrial purposes, especially given Sequester fears. Any other guesses??


33 posted on 04/12/2013 4:36:54 PM PDT by gleeaikin
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To: taxcontrol
When gold hit 1500 a deluge of stop-loss orders were exercised. This is a technical selloff in the middle of a correction. No conspiracy.
34 posted on 04/12/2013 4:39:09 PM PDT by hinckley buzzard
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To: Falcon4.0

Right. I haven’t bought silver or gold since 2006. I still have some just in case though. I am investing in lead right now and when ammo starts getting more plentiful again, I am going to buy a lot more of it. Basically, I am prepping by stocking up on food, water, and other baterable items because there is only one way all this funny money printing is going to end — badly.


35 posted on 04/12/2013 4:39:30 PM PDT by 3Fingas (Sons and Daughters of Freedom, Committee of Correspondence)
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To: EEGator

You are welcome.


36 posted on 04/12/2013 4:39:40 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
What gives?

You can't buy anything with precious metals.

I guess you could transport it to some sort of manufacturing plant that could use it and buy it, but that would require a passport and place it subject to confiscation by the union thugs at TSA.

37 posted on 04/12/2013 4:42:43 PM PDT by elkfersupper ( Member of the Original Defiant Class)
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To: slumber1

Gold rush Alaska and their glory hole:

http://www.youtube.com/watch?v=Jswv93YmZKQ

.


38 posted on 04/12/2013 4:43:27 PM PDT by Para-Ord.45
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To: Obama_Is_Sabotaging_America
Fed Orchestrated the gold takedown

39 posted on 04/12/2013 4:49:40 PM PDT by aMorePerfectUnion (Gone rogue, gone Galt, gone international, gone independent. Gone.)
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To: Obama_Is_Sabotaging_America

Whoo-hoo! I’m going to be buying some sliver!


40 posted on 04/12/2013 4:51:24 PM PDT by MeganC (You can take my gun when you can grab it with your cold, dead fingers.)
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