Gold / Silver dropping - your thoughts?

[Zippyjuan]

Gold hit seven month low at $1248 close in NY.

 

[oyarde]

Everything is dropping on dollar strength including oil. I do not think it will not last and Gold and Silver will go up from here.

Oil and corn are low , gasoline and diesel are not .

 

[oyarde]

Gold hit seven month low at $1248 close in NY.

Right now , probably only up $35 from last New Year's Eve .

 

[oyarde]

Think I will go take a look around tomorrow , see what I can get .

 

[Brian4Liberty]

Silver broke through the 2014 low, closing at 18.70 today.

18.61 was the beat-down low of 2013.

It opened under the magic 18.61, but went up. A buy signal for many, and probably won't close under 18.61.

 

[Zippyjuan]

Wow. Gold dropped below $1230 today.

 

[Vanguard101]

My thoughts are you should buy now. I wish I had a spare 20 grand to invest in gold

 

[Zippyjuan]

Nobody knows if this is a bottom or not. It could continue or it could change direction. History never repeats but the last time we had a gold bubble in 1980, prices worked their way down (moving up and down along the way) for the next 20 years.

 

[Carson]

"Gold / Silver dropping - your thoughts?"


Buy Mortimore! Buy!


Then again the stock market seems perched at a the edge of a cliff and we have the Argentina domino falling. It could be time to get back into stocks a few months after some currency crashes out of the system and the market has finished adjusting.

 

[oyarde]

It opened under the magic 18.61, but went up. A buy signal for many, and probably won't close under 18.61.

I picked up a couple 1800's silver half dimes and an 1899 half , probably go back wed for some more half dimes

 

[PRB]

I picked up a couple 1800's silver half dimes and an 1899 half , probably go back wed for some more half dimes

back then they actually called them half dimes. not nickels *mindblown*

 

[oyarde]

back then they actually called them half dimes. not nickels *mindblown*

Yes , half dimes ( and even the 3 cent pc.'s then ) , were silver , nickels came along ( made from nickel ) , around 1866 if I recall ( due to lobbyists ) , my two 1853 , silver Half Dimes I bought today , from the new Orleans mint and Philadelphia mint were silver , and , later , the three cent pc.'s were no longer made of silver , your first example of currency devaluation after the penny went from a large cent to a small cent, which was about ten years earlier , if I recall . The three cent , if I remember was the price of a stamp . I have a beautiful Two cent pc ( 1867), it is the first to have , In God We Trust .

 

[Jim Casey]

Gold and silver prices will continue to drop through the end of 2014, and will bottom around $10 silver and $1000 gold by early 2015. Then things will get interesting...

Rand Paul will announce his candidacy for US President, and precious metals prices will begin to rapidly rebound. By the time Rand wins the nomination for the Republican Party, precious metals prices will be beyond the stratosphere with silver at $100 and gold at $5000. Once Rand wins the general election metals prices will have passed the mesophere with $300 silver and $10000 gold. When Rand is sworn in as President of the United States, the metals will pass through the thermosphere with $500 silver and $12000 gold.

By the end of Rand's first term gold and silver will have finished their trip to the moon. Silver prices will be $1000 and gold prices will establish a permanent lunar colony at $20000. During Rand's second term, silver will rocket from the lunar colony established by gold and make its way to Mars, landing there at a cool million per troy ounce once Rand leaves the White House.

 

[oyarde]

Gold and silver prices will continue to drop through the end of 2014, and will bottom around $10 silver and $1000 gold by early 2015. Then things will get interesting...

Rand Paul will announce his candidacy for US President, and precious metals prices will begin to rapidly rebound. By the time Rand wins the nomination for the Republican Party, precious metals prices will be beyond the stratosphere with silver at $100 and gold at $5000. Once Rand wins the general election metals prices will have passed the mesophere with $300 silver and $10000 gold. When Rand is sworn in as President of the United States, the metals will pass through the thermosphere with $500 silver and $12000 gold.

By the end of Rand's first term gold and silver will have finished their trip to the moon. Silver prices will be $1000 and gold prices will establish a permanent lunar colony at $20000. During Rand's second term, silver will rocket from the lunar colony established by gold and make its way to Mars, landing there at a cool million per troy ounce once Rand leaves the White House.

Sounds a bit high , but I can work with that , LOL

 

[DFF]

Once John Q public realizes that the Fed is bluffing about raising interest rates, then you will see a strong rebound in gold and silver.

 

[Carson]

Yes , half dimes ( and even the 3 cent pc.'s then ) , were silver , nickels came along ( made from nickel ) , around 1866 if I recall ( due to lobbyists ) , my two 1853 , silver Half Dimes I bought today , from the new Orleans mint and Philadelphia mint were silver , and , later , the three cent pc.'s were no longer made of silver , your first example of currency devaluation after the penny went from a large cent to a small cent, which was about ten years earlier , if I recall . The three cent , if I remember was the price of a stamp . I have a beautiful Two cent pc ( 1867), it is the first to have , In God We Trust .

You must have a beautiful collection by now. I've heard you mention some really interesting finds.

 

[Zippyjuan]

Gold and silver prices will continue to drop through the end of 2014, and will bottom around $10 silver and $1000 gold by early 2015. Then things will get interesting...

Rand Paul will announce his candidacy for US President, and precious metals prices will begin to rapidly rebound. By the time Rand wins the nomination for the Republican Party, precious metals prices will be beyond the stratosphere with silver at $100 and gold at $5000. Once Rand wins the general election metals prices will have passed the mesophere with $300 silver and $10000 gold. When Rand is sworn in as President of the United States, the metals will pass through the thermosphere with $500 silver and $12000 gold.

By the end of Rand's first term gold and silver will have finished their trip to the moon. Silver prices will be $1000 and gold prices will establish a permanent lunar colony at $20000. During Rand's second term, silver will rocket from the lunar colony established by gold and make its way to Mars, landing there at a cool million per troy ounce once Rand leaves the White House.

If gold and silver are "going to the moon" then the economy is probably going into the tank to drive them up (metals tend to move up the most in bad economies- last peak was in 1980 when we had double digit inflation and double digit unemployment and this peak was during the Great Recession). So you think Rand will destroy the economy and cause hyperinflation?

 

[Peter4Paul2016]

According to their "survey participants," Forbes believes gold will keep going down this week

http://www.forbes.com/sites/kitcone...s-expected-next-week-say-survey-participants/

Inflation is believed to be stable right now, and gold really shines during times of inflation fears...

http://www.bloomberg.com/news/2014-...-silver-as-platinum-sinks-to-7-month-low.html

Goldman Sachs predicts gold will hit $1,050.

Looking at a gold price chart -

http://goldsilverinvestments.net/real-time-precious-metal-prices/

I think Gold is still on it's way down... But as others have said - we're not fortune tellers!

 

[helmuth_hubener]

If gold and silver are "going to the moon" then the economy is probably going into the tank to drive them up (metals tend to move up the most in bad economies- last peak was in 1980 when we had double digit inflation and double digit unemployment and this peak was during the Great Recession). So you think Rand will destroy the economy and cause hyperinflation?

Good grief, Zippy, he's joking. And by the way, no, gold is linked to inflation. There is no reason to believe that gold will always -- or ever -- go up in future economic downturns. The economy is bad therefore the price of gold increases? There's no causal link! But there is very good reason to believe it will go up in value whenever the US dollar is rapidly going down in value.

 

[oyarde]

Good grief, Zippy, he's joking. And by the way, no, gold is linked to inflation. There is no reason to believe that gold will always -- or ever -- go up in future economic downturns. The economy is bad therefore the price of gold increases? There's no causal link! But there is very good reason to believe it will go up in value whenever the US dollar is rapidly going down in value.

Not sure I should have a lot of faith in the future of the unbacked paper dollar.