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180 Posts
i noticed when gold was going up silver didn't seem to keep up. now silver seems to be dropping.
why is gold up and silver down
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Weak manufacturing data. Silver is also an industrial metal and like oil, when manufacturing data is weak, silver goes down because the industrial demand drops.
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282 Posts
Because JP Morgan did not want it to. They will loose big time if it does. This whole stock market thing is rigged.... Just another step closer to fleecing all in the market.
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7,579 Posts
The way to get ahead in life is to stock up on things when they are cheep. Also to see thru what all the BS is and what is real. Today that is a real hard one for alot of things. But things you will always need never go out of style. As far as gold and silver buy when they are low and sell off a little if you have to at the high. The government is either gonna pad the issue somehow so you can buy later . Or things are really bad and you should be putting it into preps you would need. But the decision is yours depending on your state or affairs. Good Luck.
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I'm not sure where all the "Silver is down" stuff is coming from? I guess we are all used to the volatility of the Silver market? Considering the financial craziness going on over the last several days, I think it's held up nicely. Pretty flat actually. 38 - 40 ? Big deal. I'm hoping for a dip down below 33 (32's are my buy trigger atm), but I doubt we'll see it.
Be patient grasshoppers. Silver is no get-rich-quick scheme and if you bought thinking it is, you made a boo-boo.
Be patient grasshoppers. Silver is no get-rich-quick scheme and if you bought thinking it is, you made a boo-boo.
yeah, i buy it all the time but I'm not trying to get rich from it. I buy it because I have the extra dollars and would rather have my savings in silver than dollars any day. I don't plan on selling anytime soon. Im hedging with it.
I hope it does go below 33, so I can get more for my dollars.
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15,922 Posts
Are you looking at spot/fix/fiat price of PM's, or completed eBay sales? If you're speculating with paper certificates or buying from someplace like APMEX, the daily spot/fix is a lot more important. But to get a better idea, I'd say search eBay completed (pay attention to price+shipping) for the past week or so. That'll provide you a reasonable and demonstrable street price ballpark.
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Many will argue, that's the difference between the paper (spot) and the physical price. Market price, obviously being what people are willing to pay for it.
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3,671 Posts
It's an industrial metal, so it's suffering a bit with the prediction of a prolonged recession.
Also, many of us have cold feet after seeing it drop about $15 in one or two days due to manipulation. Could happen again.
Also, many of us have cold feet after seeing it drop about $15 in one or two days due to manipulation. Could happen again.
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1,749 Posts
I agree they are still manipulating the hell out of Silver, but one day the Comex will die and then.......
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If you look at volume only,someone dumps huge amounts of silver at 40$?
Volume is certainly a big part of it, but gold is a manufactured bubble, just like mortgages were 5 years ago. Unfortunately, more gold is currently owned worldwide than is actually available to liquify-which is really strange because gold(and other tangibles) are supposedly considered liquid by nature. So essentially, the gold bubble will burst if every owner wanted to cash in. Thankfully, unlike real estate, gold is completely useless in the real market, and so no one is likely to start wanting to sell off or collect en masse.
The real problem with gold, though, is that the US dollar is still heavily reliant on it, regardless of whether or not we are based on the gold-standard any longer. After the gold act, the theory behind the US economy was that it should be backed by real gold. Economic deregulation sent that idea into a tailspin, as essentially every time someone is issued a credit card or given a mortgage, money is created that isn't backed up by gold reserves. Essentially, all of these bubbles are connected in one giant chain, and what we're seeing is the initial link breaking in 2008, and each following link is weakening in order behind it. The only upside is that because of this interlinking, China will eventually fall apart and return to extreme Communism as it realizes that its current love with the west is just not compatible with its government's desires.
The real problem with gold, though, is that the US dollar is still heavily reliant on it, regardless of whether or not we are based on the gold-standard any longer. After the gold act, the theory behind the US economy was that it should be backed by real gold. Economic deregulation sent that idea into a tailspin, as essentially every time someone is issued a credit card or given a mortgage, money is created that isn't backed up by gold reserves. Essentially, all of these bubbles are connected in one giant chain, and what we're seeing is the initial link breaking in 2008, and each following link is weakening in order behind it. The only upside is that because of this interlinking, China will eventually fall apart and return to extreme Communism as it realizes that its current love with the west is just not compatible with its government's desires.
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24 Posts
I'm sorry. I'm new, and this may be a stupid question, but where does one buy gold or silver? I mean, where is a reputable place to buy it? And once you buy it, would the best place to keep it be a safe deposit box at your bank? I think I'd be uneasy keeping it at home, even in a safe.
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100 Posts
gold does well in deflationary and inflationary environments. The events over the past week have been largely deflationary and silver did not do as well as gold. In an inflationary environment, silver will outperform everything. Just wait a few more weeks and the Fed will announce QE3 and then silver will be off on it's next moonshot.
If I'm correct, the single best place you can bury it is in your backyard. I can't give much insight to this, but I believe it's the most secure.
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