Posted on 09/19/2014 2:14:13 PM PDT by blam
Akin Oyedele
September 19, 2014
On Friday, Silver fell more than 3% to less than $18 an ounce, its lowest level in more than four years.
Silver - FinViz
The price of gold also fell about 0.8% and touched its lowest level since January. Gold has been weak recently and is approaching a four-year low.
Gold - FinViz
Platinum also fell to a nine-month low.
(snip)
(Excerpt) Read more at businessinsider.com ...
Ping
Good buying opportunity because silver will go back up.
Commonly referred to as a buying opportunity. There are two parts to commodities charts. One is the price the second is the volume. Watch for any large sales or purchases these are as important as the price if you are looking to make money.
Crud. Well, what goes down, must go up - right? ;) I’m still waaaaay in the black on my ‘investment.’
Ummm... Why? Any theories?
Gas is way down at the pump too. No idea why except that there is an election coming up that is high-stakes for the democrats.
It’d be okay if it’d go lower, as far as I’m concerned. I was buying it at $8/oz and wish I’d bought more.
Any technicals behind that prediction?
Just supply and demand. The gas price at election thing has been proven a myth many a time.
Physical gold, in the form of bars like those used in the film, The Italian Job, appears to have become popular with investors as the Scottish referendum approaches Photo: Alamy
I do better with silver than I do with the stock market. At least when silver tanks you have something in your hand besides a worthless piece of paper.
Time to go shopping.
Though I still can’t figure out just who I am suppose to sell to and make a profit.
Silver is money for catastrophic times, when banks are padlocked and the entire electronic transfer of funds becomes an impossibility, paper money will be a chancy proposition at best, and probably refused in many transactions.
There shall always be barter, as well. But silver and gold, they ring true in the estimations of many, enough so that these metals will be coveted in desperate times. If not, they fashion into some rather nice looking jewelry and display pieces.
I’d like to start buying silver. Is there a website you would recommend, a site that you trust, that tells about the ins and outs of owning precious metals?
www.modercoinmart.com shipping is included in their price.
Silver doesn’t seem to play much of a role on the Walking Dead. You can’t eat silver!
Obamanomics
I have a local dealer that deals with silver ingots, junk silver, and gold. I buy a little silver weekly at spot prices. Now is a great time to buy silver for Christmas gifts. I’m a little cautious of buying from websites. eBay has some good prices on ingots often at spot prices and free shipping.
Wow, and to think that I almost responded to that radio ad that was going to give me a one gram BAR of pure silver if I responded to their ad.........
Dollar strength.
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