PM's Getting Crushed. BTFD!!!

Merk

Member
Joined
Jan 3, 2008
Messages
437
"Beep - Beep - Beep"

That's the sound of my truck backing up to the vault.

I think it is folks dumping PM's to cover market losses.

BTFD.
 
This.

If you have any inclination to what is going on, even if its limited to the central banks becoming the powerhouse purchasers of Gold, then you would cheer when you see both Gold and Silver prices go down. It gives YOU a chance to get on THEIR scheme. The PM bubble, imo, is no different than any other bubble. Hell the Gold Florin had a paper bubble on top of it in the 1300s(lol this shit isnt new and Gold was worth "zero") and it blew all to shit leaving all of Italy, and eventually Europe, tattered.

So ride the wave and go physical regardless if its gold or silver...stay away from that "paper metal," its bullshit. In my honest opinion, if you have financial aggregated future contracts, which sum is larger than the annual global production, traded over and over again in a less amount of time than it takes to produce...it totally rules out the so-called "golden rule" to a fixed amount of inflation of said gold, or any other so-called precious metal for that matter.
 
Where are you guys buying from? I've used Silvertowne in the past but it seems higher than it should considering how low it's gone.
 
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