Silver up 2% out of the gate! $41.5 ounce

[Arklatex]

No metal has more uses than Gold. It is the ultimate metal.

http://geology.com/minerals/gold/uses-of-gold.shtml

Do not discount jewelry. There is an little known secret regarding gold, ask the alchemists. If they are a real, then they won't answer for it is for you to discover. There is a reason kings wore crowns of gold, a metaphysical reason.

 

[Agorism]

I don't think Jewelry should count though since it's essentially like owning gold coins just made into something fancy.

 

[Arklatex]

Gold strengthens the Aura. In the west doctors are taught that the first line of defense of the immune system is your skin, in India their doctors are taught the truth and guess which country buys the most gold? Your first line of defense is the 7th outer layer of your Aura.

 

[libertybrewcity]

But what if what we're seeing now is a correction in itself? Do corrections necessarily always have to go down?

corrections always go down because it represents a period where the commodity or whatever is overbought. Sometimes stocks and commodities are overvalued, and when people recognize that, they sell, driving the price down. We know that silver and gold are going to continue up, but not in a straight line. The market, gold, and silver are overdue for a market correction. I'm only guessing, but I would expect one within the month. That's the time to buy.

 

[ord33]

Does anyone think that the industrial use of silver will decrease dramatically if the price of silver keeps rising to a point where businesses will attempt to find a new solution or something else to use? I'm sure the argument is that if silver's value is increasing that it is likely all materials are on the rise. Just wondering if anyone sees this a possibility - finding other alternatives to silver for industrial uses. It somewhat concerns me. In my opinion, there is a point when an ounce of silver would be priced too high to use it practically in some goods. Businesses will do their darndest to find a more cost effective solution.

 

[libertybrewcity]

Does anyone think that the industrial use of silver will decrease dramatically if the price of silver keeps rising to a point where businesses will attempt to find a new solution or something else to use? I'm sure the argument is that if silver's value is increasing that it is likely all materials are on the rise. Just wondering if anyone sees this a possibility - finding other alternatives to silver for industrial uses. It somewhat concerns me. In my opinion, there is a point when an ounce of silver would be priced too high to use it practically in some goods. Businesses will do their darndest to find a more cost effective solution.

I believe there are some industrial uses where silver is the best metal or only metal that can be used. If the price of silver does get to that point, companies will either raise their prices or look for an alternative metal.

 

[AuH20]

Less than 1% of the world population owns physical gold and/or silver. Right now it's going to continue fly under the radar and ascend in price. When folks in the ghetto are refraining from buying 200 dollar sneaks and in turn are investing in gold and silver, then it will be time to jump off the coaster before it goes off the rails. But right now, the fun is just starting, never mind stopping.

 

[devil21]

they're called corrections. It happens all the time in the stock market. Gold may have gone up the day the markets crashed, but it definitely went right along with it downwards for a few months afterwards at least.

You're right, except that day was special. I can't find the exact rise but gold jumped $30 or so that day, silver too. People FLED stocks for PMs that day. I watched it happen and it confirmed to me that metals have become a safe haven higher than the USD for many, in the event of a stock market crash. That week gold jumped $80/oz. It corrected back down some what but the obvious long term trend was set higher by that event.

eta: here, MSM article on gold that day.
http://latimesblogs.latimes.com/mon...d-high-inflation-eu-europe-rescue-greece.html

 

[Jandrsn21]

A downturn of what?

I was convinced PMs will do nothing but rise long term when the flash crash of May 2010 occured. As the Dow was cratering, metals went straight up! People don't consider the dollar a safe haven any more.

Here's gold May 2010 See that first upward spike followed by another soon after?

Guess what day that first big spike was? May 6, the day of the 1000 point flash crash. Both metals went straight up that day.

I agree, US bonds are no longer seen as the safe haven. PMs seem to be taking their place. The dynamics have completely changed. If only Bill Gross can make another move by shorting the US debt, then going long gold and silver!

 

[MRoCkEd]

Lost a buck.

 

[Acala]

Small picture: gold and silver go up and down.

Big picture: the largest bubble in the history of the planet is unwinding - the US Dollar - and it is going to zero or thereabouts. Buy silver, gold, land, tools, machinery, guns ammo, anything with durable value.

 

[AZKing]

Looks like it'll rebound to $39... btfd