Are Gold and Silver gonna keep going down?

[Ripon83]

Wher to go in a monetary crisis.....

http://finance.yahoo.com/news/russians-advised-pull-money-banks-145700524.html

THE DOLLAR ��

[keenkeen]

Wher to go in a monetary crisis.....

http://finance.yahoo.com/news/russians-advised-pull-money-banks-145700524.html

THE DOLLAR ��

In December, over 100 Muscovites took to the streets to demand help with foreign-currency mortgages as the ruble crisis forced up repayments, in many cases higher than their monthly salaries.

Over 100?!?!?

Sounds like the end is near.

[wpage]

The dudes taking paper for metal are the ones buying wholesale at pawn and coin shops. Taking thier cut and going back to trade some more its called exchange....

Everyone gets thier due.

[kygen]

I feel a 10oz bar coming on.....

[glockman19]

Funny conversation .
As long as oil, gold and silver are traded in dollars their price will continue to decline with the increased value of the dollar.
As for the US replentishing their supply, now is a good time with low oil prices, also, our government is being paid back in oil for our support during the gulf war.
Today I continue to invest in equities.
VGHCX will return 25%+ to me over the next 12 months.
I doubt gold will be up 25% to $1,520.
My guess is a continued strengthening dollar, growing economy, increase in employment and higher interest rates will keep precious metals at or below current values.

[therealnickb]

The chart tells me it's still dropping....

Just checked, gold is at $1482 and silver is at $25.70 an ounce. These have not been this low in two years.

Thoughts on the next year? Time to buy or time to sell?

http://content.barchart.com/genericapi/cache/d0ebf240741ce6607ec3f7cc43cbc11b.png

[Ripon83]

I would think the greeks would be good for silver and gold, but they are bouncing around almost as much as a certain 5.56mm right now.

[wpage]

There is always a abundance of paper and salesmen in the universe...

Silver and Gold are limited.

[sixoclockhold]

The good news is Walmart is going to give everyone a .10 cent an hour raise. Cars and RE will be in reach again, no?

Well yes because we can now see the RE is rolling over and should fall deeper than the 2005-2009 crash. Twas fun how it lasted.

Physical metals surely seem like a solid place to be, just ask Greenspan.

[smashycrashy]

RE rolling over? The market is great right now, sales are only down due to weather and affordability. There isn't much supply and the little that is out there is expensive. I remain impressed with how fast listings get snapped up in my local market if they are anywhere close to market value.

[wpage]

RE is dead due to tax and Gov targeting evermore landowners for budget crissis resolution and mismanagement...

Silver is your bet

[smashycrashy]

Do you even own a house? Prop 13 pretty much guarantees your taxes grow at a rate less than inflation. Add in that there is no capital gains on up to 500k of appreciation and the fact that a house is useful it's a no-brainer relative to gold/silver.

RE is en feugo, sales are only down because of lack of supply. Builders around me are desperately trying to entitle lots.

[Ripon83]

RE is might be bubbling again. Even some farm land tracts have had price reductions. My wife made me walk thru an old city home a month ago that had an asking of $399k. I didn't want it at most any price but I just got an update they dropped the listing to $350k. That's a big drop. The kind of which I hadn't seen since 08. (Modesto)

[the86d]

If recent historical patterns are any indication... gold might be going up soon... 3rd drop is the charm?


I am keeping ~30%+ of funds of my IRA I manage myself non-invested (so I can buy at rock-bottom), just in case it tanks... (was 50% last week, but LZB and PIR are low as hell right now [for my cheaper stocks]... but it may bite me in the arz)

[therealnickb]

If recent historical patterns are any indication... gold might be going up soon... 3rd drop is the charm?


I am keeping ~30%+ of funds of my IRA I manage myself non-invested (so I can buy at rock-bottom), just in case it tanks... (was 50% last week, but LZB and PIR are low as hell right now [for my cheaper stocks]... but it may bite me in the arz)

Sorry, which is gold in that chart? None of those trends match metal prices during the last 3 years.