Posted on 12/10/2012 6:12:13 PM PST by Evil Slayer
I’ll never understand the gold and silver markets. By now I would have thought they would be rocketing to new highs, but they just look stuck.
I get the nagging feeling those markets are being manipulated by either the fed or somebody's (America's, China's, Russia's?) government. I mean, if the Hunt brothers could do it privately, imagine what the fed, along with a complicit US government, could do? And without fear of prosecution.
Personally...I like the fact the Feds continually manipulate the price down a few bucks.....Let ‘em take it down a few hundred and see if there's any buyers....lol
I wouldn’t put it past them, that’s for sure. Particularly silver, it is incredibly undervalued, IMO.
yes, the markets had been manipulated for a few years... 2009 - 2011. almost every day you’d see gold drop in value during US market hours... and rise during Asian times. almost as if someone were selling everything they had in a big vault somewhere.... and have it bought up by the chinese
I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
It’s just a hunch but I think silver is the better deal. It’s seems more undervalued and if the SHTF, a one oz gold coin will be worth a fortune. Such a coin will be hard to spend but a one oz silver coin will be much more “spendable”. Like I said, just a hunch.
LOL.. When the dollar is worth NOTHING, silver and gold will ALWAYS be worth SOMETHING. Unless of course there’s a MASSIVE vein found along a ravine somewhere.
Not stuck long term, no. I expect metals to move upward over time.
I mean now, short term. I don’t pay as much attention to gold as I do silver. Silver has been bouncing back and forth between 32 and 34 for about a month. It just looks stuck to me. I keep expecting it to shoot up, it starts to, then plop, it falls back.
But like I said, I don’t understand the markets. :)
I’ll take Maple Leafs, thanks. When Obama is done symbols of America will be selling at a discount. Why pay a premium to Fed Gov for their symbol.
You’re right. Morgan cartwheels & `junk’ silver are universally known & will buy goods & services. `Peace’ cartwheels too, of course.
IIRC the only use of gold during hyperinflation was in Germany in 1923. Holders of gold stepped across the border to exchange their gold for hard currencies that could be spent back in the bankrupt Fatherland.
We don’t have that opportunity. Silver however will work.
Pesos, the up and coming currency.
But in a true SHTF situation they're not worth much. Just what I heard from survivors of seriously bad situations. Mostly Soviet relatives living through the joys of communism and Nazism.
People with limited ability to buy things in an indefinite emergency situation aren't going to give you much for even an ounce of gold. You need things useful on their own, not just a good store of value. A propane stove/heater, batteries, medical supplies, water purifier, cigarettes, liquor, lighters, maps, tools, ammo. These things will be worth more than their weight in gold.
Precious metals are always worth something. In a real SHTF situation they still have value. Prisoners in German concentration camps used small bits of gold to buy food from other prisoners. They are never worth nothing.
What’s better, gold or real estate?
Speaking of dumb, the word "you" is spelled y-o-u.
If you have to bug out, which is easier to carry? Gold? Real estate?
I prefer silver to gold. Before the government collapses, the possibility of converting silver without generating a 1099 is greater than converting gold.
If TSHTF, fewer commodity purveyors will be able to make change for an ounce of gold than for an ounce of silver.
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