WTF?
Moderator, please clean-up my ‘[VANITY]’ error in title, thanks.
What were the starting values?
Gold and silver on the sale discount rack. Limited time offer. Word to the wise.
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.
I bet Soros knew beforehand.
Someone is going to get rich off of this deflation. spooky dude?
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.
I believe it is the fed selling naked shorts.
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.
Oil futures fell as well.
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.
Whoo-hoo! I’m going to be buying some sliver!
An acre of good, tillable American farmland in 1913 cost ~1.4 ounces of gold. In 2008 the same acre cost about ~1.6 ounces of gold.
One could argue that gold is slightly off where it should be. In fact, in the 4 years since 2008, land has actually gone up another thousand or so. I read someplace that it is attractive to conglomerates and kings because it is real and it retains its value fairly well and it is possible to put it to work.
On the other hand, they have driven the price up.
Sounds to me like gold is as good an investment right now even with the price down to 1500.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/12_Former_US_Treasury_Official_-_Fed_Orchestrated_Smash_In_Gold.html
"They are trying to get people to sell PMs to kill 2 birds with one stone that is when the sheep sell because of the panic they will keep FRNs propped and further they will buy stocks and keep the stock market going.
When the banksters and friends decide that enough money is in the markets they will then short the markets and collapse the stocks and purchase physical PMs thus making themselves much wealthier and the sheep left without wool as they have been fleeced once again.
This may all happen soon so hang on to your physical as you may need it to survive..."
https://www.kitcomm.com/showthread.php?t=117040&page=2
Here’s one opinion. Bubbles will burst
http://www.marketwatch.com/story/why-gold-and-silver-are-in-the-dumps-2013-04-11