What's happening to PMs?

[JSCHAFER1337]

How are they not worth a whole lot more? The dollar is in the tank yet PMs (silver and gold, specifically) are losing value every day. What's the deal? Was I dumb to invest so much of my hard-earned wages into silver? I'm not panicking, but starting to wonder what course of action to take next.

 

[adam1mc]

Patience my friend. Check out the 5 year history from Monex. The spikes are normal and seem to happen every year or so. If the chart doesn't lie, silver will be back up in no time.

 

[RSLudlum]

that would be a good question to ask Mr. Schiff tonight on his show!!

8pm EST
http://www.europac.net/radioshow.asp

 

[torchbearer]

Patience my friend. Check out the 5 year history from Monex. The spikes are normal and seem to happen every year or so. If the chart doesn't lie, silver will be back up in no time.

From that chart, silver is still a good long term investment. there is only so much silver, you can't inflate it by making more of it.
Now at the same time, the value if silver is constant when compared to a federal reserve note. And in that sense, for every negative percent the frn takes due to inflation is money saved when invested in silver.
So while other people's savings are being silently stolen by the FedReserve, you wealth will be untouchable by the crooks.
Unless they send the FBI in to take your wealth by force.

 

[Dr.3D]

Give it time.... price suppression is taking place... this price suppression will sooner or later run out of gas.


Articles about gold price suppression: http://www.gata.org/search/node/price+suppression

 

[Paulitician]

They're usually weak this time of year; sell-offs, consolidation, corrections etc. We don't want them to go vertical, yet, anyway. But yeah, the gold cartel is trying to put a top on PMs right now. But, don't look for any significant move upward until the summer.

 

[Primbs]

From that chart, silver is still a good long term investment. there is only so much silver, you can't inflate it by making more of it.
Now at the same time, the value if silver is constant when compared to a federal reserve note. And in that sense, for every negative percent the frn takes due to inflation is money saved when invested in silver.
So while other people's savings are being silently stolen by the FedReserve, you wealth will be untouchable by the crooks.
Unless they send the FBI in to take your wealth by force.

Actually they are making more silver. There are many new silver mines opening up. Just google new silver mines. Further, because silver has many industrial uses, many have said if there is a slowdown in the economy then demand for silver will decrease as well.

Mexico and South America have a lot of new silver mines. Just like there is a boom in gold prospectors in the West.

 

[PatriotG]

They're usually weak this time of year; sell-offs, consolidation, corrections etc. We don't want them to go vertical, yet, anyway. But yeah, the gold cartel is trying to put a top on PMs right now. But, don't look for any significant move upward until the summer.

The Gold Cartel.....


These market is being manipulted lower.
Stocks are being manipulated higher.

This is the only explanantion I have for these markets.
Fundamentals mean nothing now.

Lose money....Rally
Make Money....drop.

PM's are a threat to the worthless paper market.


What really scares me is when I talk to some people in the finance industry. I was actually told the other day that the basis for determining if you are doing good is the amount of debt you are able to hold. That is the complete opposite of the economic doctrine from 50 years ago.

Its a MADHOUSE!

 

[acptulsa]

If what they are saying about the value of the dollar this summer is true and precious metals are down now...

Buy!

 

[Ozwest]

How are they not worth a whole lot more? The dollar is in the tank yet PMs (silver and gold, specifically) are losing value every day. What's the deal? Was I dumb to invest so much of my hard-earned wages into silver? I'm not panicking, but starting to wonder what course of action to take next.

Relax.

Obviously you are a short term investor.

 

[manny229]

How are they not worth a whole lot more? The dollar is in the tank yet PMs (silver and gold, specifically) are losing value every day. What's the deal? Was I dumb to invest so much of my hard-earned wages into silver? I'm not panicking, but starting to wonder what course of action to take next.

You want to know what happened to PM's? I'll tell ya what happened.... I bought both Gold and Silver on March 17th at 11:30 pm. The next day they tanked....
With all due respect the other posters on this thread, PM's aren't going back up until the day I decide to sell....

 

[Ozwest]

You want to know what happened to PM's? I'll tell ya what happened.... I bought both Gold and Silver on March 17th at 11:30 pm. The next day they tanked....
With all due respect the other posters on this thread, PM's aren't going back up until the day I decide to sell....

Mmmm. I bought 8 months ago.

And sold 2 months ago.

Maybe you should follow my lead...

Have a little fore-sight.

 

[Ozwest]

Mind you...

Hold onto what you've got.

The returns will beat anything else available. With possibly larger than expected returns.

I'm re-investing. Good insurance.

 

[AceNZ]

How are they not worth a whole lot more? The dollar is in the tank yet PMs (silver and gold, specifically) are losing value every day. What's the deal? Was I dumb to invest so much of my hard-earned wages into silver? I'm not panicking, but starting to wonder what course of action to take next.

Markets don't go up in a straight line.

We're in the middle of a correction. It could go even lower before it goes higher. When the price is down, think of it as a buying opportunity. Other people are being stupid and selling; now is a good time to buy.

Instead of focusing on the price, think about PMs in terms of other things of real value. How much oil can you buy per ounce? Or the ratio of the price to the Dow:

 

[seapilot]

When some people start crying its time to start buying!

 

[DrCap]

When some people start crying its time to start buying!

The only thing you should ever buy when everyone else in the world is buying it is in season fruit and vegetables.

I think of PM's as a long term safety net, not a short term investment.

 

[josephadel_3]

The only thing you should ever buy when everyone else in the world is buying it is in season fruit and vegetables.

I think of PM's as a long term safety net, not a short term investment.

Exactly, I'm glad to know I am not the only one planning on keeping my PM. The amount I have is pathetic. I plan on buying a little bit at a time. I plan on bartering with it if I have to, and if the economy magically doesn't tank, I plan on passing it on to my potential children.

 

[Carehn]

Bubble on pm sell an buy more when it bottoms out. I could be wrong but i think its like the teck, housing, and bank stocks. BUBBLE! jump ship

 

[NMCB3]

Bubble on pm sell an buy more when it bottoms out. I could be wrong but i think its like the teck, housing, and bank stocks. BUBBLE! jump ship

Its not a bubble, its a commodity wide bull market that will last 20 years give or take. (and its shaping up to be much bigger than that.)If it ended now it would be the shortest commodity bull in history.

 

[seapilot]

Bubble on pm sell an buy more when it bottoms out. I could be wrong but i think its like the teck, housing, and bank stocks. BUBBLE! jump ship

I look at it differently. There is no PM bubble but a Gigantic FIAT bubble. The fiat bubble is bursting. Its lasted over 30 years and its going to be over soon.