Silver is tanking! Gold is down, but hanging! Is it time to buy PM again?

The paper price of metals reminds me of GW Bushes, Obama and McCain when they speak...complete and utter B.S.!!!!!!!!!!!!! No one holding metal now would sell at spot unless they were desperate.

This is all price manipulation at its worst. Anything that has price controls with higher demand than supply ends in shortages. In a natural market higher demand would cause higher prices thus incentive to produce more available product.

This is not a natural market, do not believe the current paper price unless one also believes that Obama will save us from this mess.:D
 
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My local dealer is awesome, he sold me a 1 oz. American gold eagle today for $ 870 when spot was $ 830. :cool:
 
seapilot said:
The paper price of metals reminds me of GW Bushes, Obama and McCain when they speak...complete and utter B.S.!!!!!!!!!!!!! No one holding metal now would sell at spot unless they were desperate.

This is all price manipulation at its worst. Anything that has price controls with higher demand than supply ends in shortages. In a natural market higher demand would cause higher prices thus incentive to produce more available product.

This is not a natural market, do not believe the current paper price unless one also believes that Obama will save us from this mess.:D
Click to expand...

So, would it be a bad idea to buy physical silver now? Please clarify for stupid me.
 
I have 100 of the 2008 SAE's I'm selling for $21.00 each. If you need some and can't find them cheaper, just pst me. This is a break-even for me. These came from the West Point mint and have not been taken out of the tubes.
 
This entire scheme is to get people who hold silver and gold to get cold feet and sell what they have. Don't fall for it.
 
Dianne said:
I have 100 of the 2008 SAE's I'm selling for $21.00 each. If you need some and can't find them cheaper, just pst me. This is a break-even for me. These came from the West Point mint and have not been taken out of the tubes.
Click to expand...

Why sell buddy?
 
Relax!

You fucks want everything tomorrow.

Go put your money into the stock market.

Or find a Bank you can trust.
 
Jonathan Kovaciny said:
APMEX has some their big silver bars up again. They must have pulled them when the price was dropping so fast this afternoon.
Click to expand...

Yep that's what they did. I was shopping some big bars as the price was dropping. Went to look at some maple leafs. When I came back they were gone.

They only want business when the prices are above their buying price.

pappy
 
Vet_from_cali said:
do you know how long is the delay? was thinking bout getting some silver from them
Click to expand...

For eagles,
"Please allow 6-8 weeks for delivery, pending US Mint action."
No word on the Canadian Bank, No more Austrian Coins, for a while they were the only ones in stock.
(You could try the Nucleo Exchange, it is like ebay but PMs you order under the ask column are shipped by individuals to your portfolio in a vault at Bullion Direct, then you can can have it shipped to you when you want. I have not tried this, so I can not say how reliable or fast it is.)

According to the mint memo they are being allotted or rationed out, so it could be months before shipping.

The US Mint memo reads:

October 6, 2008

MEMORANDUM TO ALL AMERICAN EAGLE AND AMERICAN BUFFALO AUTHORIZED PURCHASERS

SUBJECT: 2008-Dated Bullion Products

Due to the extreme fluctuating market conditions for 2008, as well as
current market conditions, gold and silver demand is unprecedented and the demand for platinum is unusually high.

The United States Mint has worked diligently to attempt to meet demand, however, blank supplies are very limited and it is necessary for the United States Mint to focus remaining bullion production primarily on American Eagle Gold One Ounce and Silver One Ounce Coins.For the remainder of 2008 bullion inventory, the following will apply:

American Eagle Gold Bullion Coins

One Ounce Coins will remain on allocation each week. Allocation amounts are based on available quality blanks each week.One Half Ounce Coins: Inventory was depleted last week. No more coins will be produced for 2008.

One Quarter Ounce Coins: Inventory was depleted last week. No more coins will be produced for 2008.

One Tenth Ounce Coins: Inventory was depleted last week. More coins will be produced based on current blank supplies, however, once that remaining inventory is depleted, no more coins will be produced for 2008. You will be notified when these are available for sale.

American Buffalo One Ounce Bullion Coins

Inventory was depleted and sales were suspended in late September. More coins will be produced based on current blank supplies, however, once that remaining inventory is depleted, no more coins will be produced for 2008. You will be notified when these are available for sale.

American Eagle Silver One Ounce Bullion Coins

American Eagle Silver One Ounce Coins will remain on allocation each week. Allocation amounts are based on available quality blanks each week.

American Eagle Platinum Bullion Coins

All denominations were depleted last week. More coins will be produced based on current blank supplies, however, once that remaining inventory is depleted, no more coins will be produced for 2008. You will be notified when these are available for sale.We will keep you updated as more information becomes available.
 
Yes! Buy! Now!

echebota said:
Silver is down 8-9% at 1:24pm EST Gold is down 1-2%

Is it the beginning of the "global action" plan we were hearing about?

So does it make sense to buy gold/silver on this dip, or food/medicine/ammo look like a more appropriate choice now??? :)

(By the way, US and other government bonds are also going down slowely day after day. It seems that cash is the only thing that people wanna be in... But considering the artificail and controlled nature of fiat currencies it's also a risky move ... )
Click to expand...

Given the steady devaluation of the FRN; up until 3 months ago, I honestly never thought we would see sub-$15 Ag again, but here it is at $10.25 for the weekend.

I am still amazed that I can actually trade debt-based, fiat money for anything, let alone tangibles.

Whether you want to obtain PMs, ammo or food-stuffs, it would make perfect sense to take advantage of the obvious FRN manipulation in the very short term.

At some point, the fiat FRN must reach it's true value: ZERO!

So yes, exchange those FRNs for assets while you still can.
 
rockjoa said:
For eagles,
"Please allow 6-8 weeks for delivery, pending US Mint action."
No word on the Canadian Bank, No more Austrian Coins, for a while they were the only ones in stock.
(You could try the Nucleo Exchange, it is like ebay but PMs you order under the ask column are shipped by individuals to your portfolio in a vault at Bullion Direct, then you can can have it shipped to you when you want. I have not tried this, so I can not say how reliable or fast it is.)

According to the mint memo they are being allotted or rationed out, so it could be months before shipping.

The US Mint memo reads:

October 6, 2008

MEMORANDUM TO ALL AMERICAN EAGLE AND AMERICAN BUFFALO AUTHORIZED PURCHASERS

SUBJECT: 2008-Dated Bullion Products

Due to the extreme fluctuating market conditions for 2008, as well as
current market conditions, gold and silver demand is unprecedented and the demand for platinum is unusually high.

The United States Mint has worked diligently to attempt to meet demand, however, blank supplies are very limited and it is necessary for the United States Mint to focus remaining bullion production primarily on American Eagle Gold One Ounce and Silver One Ounce Coins.For the remainder of 2008 bullion inventory, the following will apply:

American Eagle Gold Bullion Coins

One Ounce Coins will remain on allocation each week. Allocation amounts are based on available quality blanks each week.One Half Ounce Coins: Inventory was depleted last week. No more coins will be produced for 2008.

One Quarter Ounce Coins: Inventory was depleted last week. No more coins will be produced for 2008.

One Tenth Ounce Coins: Inventory was depleted last week. More coins will be produced based on current blank supplies, however, once that remaining inventory is depleted, no more coins will be produced for 2008. You will be notified when these are available for sale.

American Buffalo One Ounce Bullion Coins

Inventory was depleted and sales were suspended in late September. More coins will be produced based on current blank supplies, however, once that remaining inventory is depleted, no more coins will be produced for 2008. You will be notified when these are available for sale.

American Eagle Silver One Ounce Bullion Coins

American Eagle Silver One Ounce Coins will remain on allocation each week. Allocation amounts are based on available quality blanks each week.

American Eagle Platinum Bullion Coins

All denominations were depleted last week. More coins will be produced based on current blank supplies, however, once that remaining inventory is depleted, no more coins will be produced for 2008. You will be notified when these are available for sale.We will keep you updated as more information becomes available.
Click to expand...

thanks :D
 
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