[Farm boy]

If the bailout passes tomorrow do you think gold will drop in price?

If so, how far?

 

[Ford Prefect]

If the bailout passes tomorrow do you think gold will drop in price?

If so, how far?

Gold and silver are already way down.. I don't see why the bailout will make gold drop.. I expect it to rise, because the people who are hip to buying gold and silver, like myself, will see a greater need to get more because this bailout will do nothing but accelerate the crash of our dollar. The more worthless our dollar becomes, the more valuable gold and silver will be..

Although, there appears to be some shenanigans and manipulation going on with the silver and gold prices.. My guess is to get as many people to sell as much of their shares of it as they can.

My advice to everyone is to go to pawn shops and coin dealers and buy as much silver as you can afford.. Buy one oz rounds, coins and bars if you have to.. I wouldn't bother with larger sizes.. if you have to use it, the more the piece you are using is worth, the more difficult it will be to use it.. Think going to a 7-11 and trying to use a hundred dollar bill..

But I am still curious to see what the effect is once this bailout is passed by the traitors in congress..

 

[chris]

I think if the bailout happens, you'll see a drop in gold as people move money back into equities.

 

[Ford Prefect]

I think if the bailout happens, you'll see a drop in gold as people move money back into equities.

I hope you're right.. I'll be making a lunchtime run if it drops enough..

 

[Ioninc]

I hope you're right.. I'll be making a lunchtime run if it drops enough..

You can get delivery?..Around here, they are sold out and paying a premium to get hard metals, as much as 30 cents an ounze on silver..but, to your question, biggest problem with price is, there are more contracts out there for gold than there is gold, the CAN't make delivery, certainly it's going to go alot higher soon, just when...tomorrow......hmmmmm

 

[chris]

I hope you're right.. I'll be making a lunchtime run if it drops enough..

If the bailout goes through, I think you'll see a long slow drop in the price of gold. Long being relative. I'm kinda hoping the rest of the world will feel all warm and snugly afterwards and gold takes a slow ride down to $700.

 

[Grinnan Barrett]

I think if the bailout happens, you'll see a drop in gold as people move money back into equities.

Chris is right. Metals are a hard one to really track. I have some I got years ago when we bought it out of South Africa. Prices are too wild for me now. I put my money in things I can eat and shoot. That is not to say it is not good for you. BUying precious metals is an individual thing. It would be like me telling you to buy a Chevy because I like them.

Just be careful and don't buy when it is at an all time high. You can lose your A-s if you know what I mean. Also be careful about doing business with some of the dealers. They make money even when you lose.

 

[chris]

I think we're years away from an all time high.

 

[FredLee]

You can get delivery?..Around here, they are sold out and paying a premium to get hard metals, as much as 30 cents an ounze on silver..but, to your question, biggest problem with price is, there are more contracts out there for gold than there is gold, the CAN't make delivery, certainly it's going to go alot higher soon, just when...tomorrow......hmmmmm

I've heard that too.Add to that,they are restricting or just plain stopping gold deliveries from the mint.They don't wany US to have it in event of failure,its for the clowns who created the mess.