Skip to comments.Precious Metals are Plummeting! [VANITY]
Posted on 04/12/2013 3:36:18 PM PDT by Obama_Is_Sabotaging_America
Wow, look what I noticed today? The European fiscal crisis must have triggered this..
Moderator, please clean-up my ‘[VANITY]’ error in title, thanks.
What were the starting values?
Looks like a buying opportunity to me. LOL.
Gold and silver on the sale discount rack. Limited time offer. Word to the wise.
Not for me I’m poor. :)
Buy silver if you are poor. Get silver dimes.
Broke countries in Europe are being forced to sell their gold in order to lessen the amount of bailout money provided by the EMF.
Silver tracks gold, so it is down as well.
Platinum fell less than gold as a percentage move, largely because it is used in oil refining and catalytic converters (cars) and has industrial demand supporting its price more so than gold or silver.
If you have any money in a savings account, you could take some of that and use some cash money to buy some silver eagles or smaller denominations. If you pay cash to a local dealer of good reputation, then you can be all set for the devaluation of the dollar, and loss of the reserve currency status.
Even saving nickles would be good, since it now costs more than a nickle to make them. When they change the compostion, the nickles will spike up too.
Split the difference, unless you already have all the precious metals you need. Buy some now and buy some on the way down till you get the amount you feel is prudent for a well-balanced portfolio or SHTF - whatever you think you need to do.
I eat Ramen Noodles and eggs. College isn’t good for earning money.
Yep, buy on the dips...
I thought it was ‘frickin’ since he seems to put that word in every sentence he says, being the idiot he is.
Sorry - you are right I should have spelled it out
WHAT THE FRICK?????
Looking at the chart, you may be right.
The 50 day and 200 day MA's are not trade-able. Whipsaws galore.
Better to hold a few of the star mining stocks in equal weight, indefinitely. Less volatile as they make money at a variety of prices, just less of it when the commodity price is down, but still make money.
See me post #14.
Thanks for the information though, I appreciate it.