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Business
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Title: Hey - Precious Metals - What's Happening?
Source: [None]
URL Source: [None]
Published: Jul 5, 2015
Author: Chuck_Wagon
Post Date: 2015-07-05 13:22:18 by Chuck_Wagon
Keywords: gold, silver, money
Views: 11965
Comments: 57

Hello there, folks.

I am starting this thread for those who are interested in
'hard money' - call it 'paleo-investing' it you will.

The silver price has apparently been suppressed - for a while.
Many so-called pundits and prognosticators predict that it MAY
soon move upwards.

The purpose of this thread is to keep track of these things.
Participate if you will...

Post Comment   Private Reply   Ignore Thread  


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Begin Trace Mode for Comment # 4.

#1. To: Chuck_Wagon (#0)

The silver price has apparently been suppressed - for a while. Many so-called pundits and prognosticators predict that it MAY soon move upwards.

I'll believe it when I see it - and maybe not even then.

SOSO  posted on  2015-07-05   13:27:52 ET  Reply   Untrace   Trace   Private Reply  


#4. To: SOSO (#1)

...I'll believe it when I see it...

Was $40-something - now it's $15.
Silver has a lot of industrial uses.
It will (most likely) eventually get back up there.
Question is: When? (IMO)

Chuck_Wagon  posted on  2015-07-05   13:35:38 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 4.

#5. To: Chuck_Wagon (#4)

It will (most likely) eventually get back up there. Question is: When? (IMO)

I'll believe it when I see it....and maybe not even then. But stock up if you wish. Hpwever keep in mind the historic gold/silver price ratio.

SOSO  posted on  2015-07-05 13:51:50 ET  Reply   Untrace   Trace   Private Reply  


#6. To: Chuck_Wagon (#4)

"Question is: When?"

My Magic 8 Ball says it will hit 28 on March 4, 2016. Or 4 on March 28.

Hard to read this thing. But it's never wrong.

misterwhite  posted on  2015-07-05 14:00:21 ET  Reply   Untrace   Trace   Private Reply  


#8. To: Chuck_Wagon, Itzlzha, Murron (#4)

Silver has a lot of industrial uses.
It will (most likely) eventually get back up there.
Question is: When? (IMO)

The day you or I can no longer afford to buy it. Or can't. The depressed value of Gold and Silver makes no sense as fiat currency continue to be devalued.

I've got the nagging suspicion that the world's controlling elites are purposely being manipulated, crashing precious metal value. This until all silver and gold ownership will again be surrendered to the One World Government "at fair (depressed) market price." Can't have the (former) middle class and peons owning gold.

In the meantime, abodanza! Mangia! We really have been blessed to have lived in a brief era of mankind when we truly could practically eat whatever we wanted, affordably, freshly, and with the greatest variety. Some days I could scarcely believe how fortunate I was -- noshing on a dinner of fresh jumbo shrimp, filet mignon, etc....for barely the price of an hour of work.

So to that, tip your glass of ChiCom wine, and let's dig into our ChiCom farm-raised Talapia, ChiCom farmed veggies, and dessert :-) One day after the elites' metal confiscation, the elites' generosity will end.

And in memorium to the days of banquets that even the lower class of America could afford ocassionally, here is one of my favorite scenes from Soylent Green:

Liberator  posted on  2015-07-05 14:11:42 ET  Reply   Untrace   Trace   Private Reply  


#17. To: Chuck_Wagon (#4)

Was $40-something - now it's $15.

Yup. IIRC,it was two billionaire brothers in Texas that manipulated and destroyed the silver market. They bought it cheap and then their massive buys and the rumors they spread drove the price up,and then they bailed with more billions and the silver market collapsed.

The Bass Brothers? Does that sound right?

Silver has a lot of industrial uses. It will (most likely) eventually get back up there. Question is: When? (IMO)

IMHO it will never go that high again. It's not rare or particularly valuable,wasn't worth that much money back then,and will probably never be worth that much ever.

sneakypete  posted on  2015-07-05 16:54:54 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 4.

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