Topic: Gold and Silver tanking HardCore (Read 2700 times)
If paper gold is in contango through shorting while bullion is in backwardation through hoarding, we could see a financial slingshot effect.
With prices dropping, I plan to invest some of my money in precious metal beside Bitcoins.
I know it's becoming tempting to buy, however i would wait some more time, they probably gonna drop much further. "Never catch a falling knife."It is better to catch the falling knife than to miss the life line.
Prices of PM could fall a little more, like prices of BTC could fall a little more, but:
1) Prices of PM are so low any other decrease would put miners out of market.
Falling prices have happened without any PM changing hands. Just paper assets moving from a player to another in a rigged game.
People there is just exiting the paper market and a few are entering the physical market, instead.
In the meanwhile, the chinese and indians are not stopping to buy gold and silver. Shanghai, alone, delivered more gold than the entire world production in the January to April 2013 time frame.
And they pay 3-5% more to have real gold in hand.
2) Prices of BTC is low and have tested the lows so many times it is pretty sure there is a base near completed where it have no way to fall from.
All people valuing BTC less than 100 US$ have sold them already to people valuing them more.
Without paper derivatives and similar cheating, there is no way to artificially depress the price of bitcoin.
With prices dropping, I plan to invest some of my money in precious metal beside Bitcoins.
I know it's becoming tempting to buy, however i would wait some more time, they probably gonna drop much further. "Never catch a falling knife." With prices dropping, I plan to invest some of my money in precious metal beside Bitcoins.
I'd be very careful because the outlook is very negative. In Canada, Barrick laid off 30% of its staff. They know the future is going to be rough.
Most people say that silver actually is worth near $200 an ounce. It is being artificially held down. Definitely wise to have SOME at least.
So why have bitcoin prices not risen?
I think a better question is why is gold and silver prices tanking. In my opinion Bitcoin prices aren't rising because people are waiting on the sidelines waiting for the best price at the best time.
This is what happened when the financial crisis happened at around 2008, Gold dropped to about 800 and then rose to about 2000, I wouldn't be surprised if we're about to head to another financial collapse.
With prices dropping, I plan to invest some of my money in precious metal beside Bitcoins.
There is a local bullion dealer which allows me to place limit orders for individual coins with guaranteed delivery. I am considering doing this, then walk in past the disgruntled folks staring at the "out of stock" signs and smugly receive my cheap gold.
I have a feeling it's not that easy though, where is the catch?
I have a feeling it's not that easy though, where is the catch?
You'll get robbed for swaggering about with a 10 million dollars of gold in the palm of your hand
10 million dollars of gold weights ~2760 lbs
the metals market is heavily manipulated for a rise & repeat scheme, which is fine if you ride the waves along with them ;-)
never sell low - buy buy buy and sell when over $30(silver) at least...
never sell low - buy buy buy and sell when over $30(silver) at least...
So why have bitcoin prices not risen?
I think a better question is why is gold and silver prices tanking. In my opinion Bitcoin prices aren't rising because people are waiting on the sidelines waiting for the best price at the best time.
So why have bitcoin prices not risen?
keen on silver, it's such a functional metal, goes hand in hand with alot of technology hardware.
i hold some bullion, but it's incredibly volatile and it's best not to look at paper price (can be depressing)
i hold some bullion, but it's incredibly volatile and it's best not to look at paper price (can be depressing)
I agree. Water is the next gold, but maybe not in my lifetime.
Oxygen is the new gold. You can't drink or breathe without it. I wonder if you can patent oxidation processes?All you have to do is to apply electrolysis to the already precious water! lol
For sure, this is interesting. Perhaps the headline should read...
Valuable Gold-Producing Bacteria Turn Toxic Ions Into Worthless Metal, Scientists Say
Erm... I agree. Water is the next gold, but maybe not in my lifetime.
Oxygen is the new gold. You can't drink or breathe without it. I wonder if you can patent oxidation processes?All you have to do is to apply electrolysis to the already precious water! lol
I agree. Water is the next gold, but maybe not in my lifetime.
Oxygen is the new gold. You can't drink or breathe without it. I wonder if you can patent oxidation processes?
I agree. Water is the next gold, but maybe not in my lifetime.
Gold-Producing Bacteria Turn Toxic Ions Into Precious Metal, Scientists Say
http://www.huffingtonpost.com/2013/02/04/gold-bacteria-toxic-ions_n_2616566.html
Perhaps its just time for the human race to start investing in things of real value such a water, air and food instead of stockpiling tons of comparitively mostly useless shiny rocks !?
... "and one day the poor will have nothing left to eat, but the rich" ... floccinaucinihilipilification ?
http://www.huffingtonpost.com/2013/02/04/gold-bacteria-toxic-ions_n_2616566.html
Perhaps its just time for the human race to start investing in things of real value such a water, air and food instead of stockpiling tons of comparitively mostly useless shiny rocks !?
... "and one day the poor will have nothing left to eat, but the rich" ... floccinaucinihilipilification ?
Silver already bounced off of something like $18 in the recent past. Regardless, is has real value and always will, because it is used in manufacturing and jewelry. You cannot lose all your money and are likely to gain over time, unlike stocks.
Gold and Silver are on the move in the wrong direction. I wonder if now is a good time to buy or wait for it to get beat down some more? I can't believe the speed they are falling, simply amazing!
Well I was still in high school in 2008 heh I didn't really grasp the concepts on inflation on the money in my pocket. Just something I wasn't interested in. I'll stop before I make an arse of myself 
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