Are Gold and Silver gonna keep going down?

[Twinkies]

So the Swiss people have been talking about a return to a gold backed Franc after only 14yrs. (at least 20% gold backed). Interesting... see what November brings.

6 & twink.

I wish no ill will. But reading the above is troublesome. The sky isn't falling and if it did gold will not save your dome.

Confirmation Bias is not your friend.
.

Some of us simply choose to acknowledge the elephant in the room.

Once again, this is a survival forum. Metals may not save you, but will certainly get you back in the game faster if it ever comes to that. Pushing stocks (long term)and fiat dollars in this forum is what I would call confirmation bias...
What is the success rate of government issued fiat currency long term? .. now how long has gold been around?

The fiscal cliff was a non-event, America has gotten itself out of recession,

False, the system very nearly collapsed in 2008. A massive theft took place, people that had equity in their homes and vehicles ended up losing their jobs, houses, cars.. only to have the banks bailed out with THEIR money.. in turn, the banks sat on the properties to keep the real estate market from correcting.

The only people doing "well" are the $400k plus club.. exponentially as you get into the billionaires. The rest of us are making stagnant wages since 2007 as the dollar is devalued and QE and low interest fuel more bubbles. You can't ignore the dishonest division of wealth happening in this country. (nothing wrong with wealth if it's honest, dont get me wrong)

[greensoup]

So the Swiss people have been talking about a return to a gold backed Franc after only 14yrs. (at least 20% gold backed). Interesting... see what November brings.



Some of us simply choose to acknowledge the elephant in the room.

Once again, this is a survival forum. Metals may not save you, but will certainly get you back in the game faster if it ever comes to that. Pushing stocks (long term)and fiat dollars in this forum is what I would call confirmation bias...
What is the success rate of government issued fiat currency long term? .. now how long has gold been around?



False, the system very nearly collapsed in 2008. A massive theft took place, people that had equity in their homes and vehicles ended up losing their jobs, houses, cars.. only to have the banks bailed out with THEIR money.. in turn, the banks sat on the properties to keep the real estate market from correcting.

The only people doing "well" are the $400k plus club.. exponentially as you get into the billionaires. The rest of us are making stagnant wages since 2007 as the dollar is devalued and QE and low interest fuel more bubbles. You can't ignore the dishonest division of wealth happening in this country. (nothing wrong with wealth if it's honest, dont get me wrong)

I'm not sure the system would really collapse. It should have been better but it certainly have gone worse. But the situation was not improved by the government green lighting big banks killing off their rivals. Or the government devaluing company stocks or forcing banks to buy out other banks.

But allowing those big guys to intentionally crash the system allowed the same people to get much much richer.

[mindwip]

Every 2 bucks in decline I am buying silver.

[sixoclockhold]

Lol, Ebola? SERIOUSLY?

Too funny. Good to see the low info crowd sticking to the flavor of the day knee jerk ZOMG world is gonna end because of (insert blank here) as a reason to buy PM.

Some people stay poor for a reason...

Buy the dip Smashy, hang on to all Stawks.

Ebola especially the way it's been handled, one can pretty much assume, economically we will slow. Going out and spending will no longer be a favorite past time for people.

Work a yob in public? Very risky once this thing begins to spread. Oh and it will spread, turn away a sick Ebola victim with anti-biotics, don't tell the public which flight he was on, ambulance stays in service for 2 days following his 911 to hospital, the list is long and one knows he won't be the only victim.

Market is up on such good news and Gold is down of course

[cantcme]

Stocks are slowing and pm are plummeting.

[cantcme]

All Ebola is going to do is make money for some pharm companies. Even the media is struggling to make a big deal out of one sick guy in a nation of 340,000,000. The sky is falling, the sky is falling.

[Uxi]

Every 2 bucks in decline I am buying silver.

Yup. At least to my max threshold (about 100 oz or so), which I'm a bit from.

[smashycrashy]

All Ebola is going to do is make money for some pharm companies. Even the media is struggling to make a big deal out of one sick guy in a nation of 340,000,000. The sky is falling, the sky is falling.

How DARE you put this in proper context!

It is a non-event but for people unable to contextualize things it is the end of the world. I keep wondering how they don't look back and see how they are constantly wrong and change their ways. But I figure they are always busy worrying about the next issue (that they are wrong about). Thus they live the lives they do.

[sixoclockhold]

How DARE you put this in proper context!

It is a non-event but for people unable to contextualize things it is the end of the world. I keep wondering how they don't look back and see how they are constantly wrong and change their ways. But I figure they are always busy worrying about the next issue (that they are wrong about). Thus they live the lives they do.

Non-event? sure sure

I ordered 9 disposable suits last night and get a call from the company this morning, probably homeland security, questioning me why I'm getting the suits and are they for Ebola.

I predict this thing goes global soon. They are worried.

[smashycrashy]

Its been going on since DECEMBER in Africa, a place with little to no education, ignorant populace and zero medical infrastructure and were at 3k deaths 9 months later. Yet somehow it is totally going to go all "outbreak" on us.

You sit around in your tyvex suits this weekend, I'll be in Vegas watching hockey.

[therealnickb]

We all gonna die.

Better buy some metal.

Or maybe some big pharma stocks?????

[sixoclockhold]

Its been going on since DECEMBER in Africa, a place with little to no education, ignorant populace and zero medical infrastructure and were at 3k deaths 9 months later. Yet somehow it is totally going to go all "outbreak" on us.

You sit around in your tyvex suits this weekend, I'll be in Vegas watching hockey.

Tell that to the parents and children who attend the 4 different schools of the 5 children this guy came into contact with.

[therealnickb]

Tell that to the parents and children who attend the 4 different schools of the 5 children this guy came into contact with.

You cant get it by simple contact.

[therealnickb]

So the Swiss people have been talking about a return to a gold backed Franc after only 14yrs. (at least 20% gold backed). Interesting... see what November brings.



Some of us simply choose to acknowledge the elephant in the room.

Once again, this is a survival forum. Metals may not save you, but will certainly get you back in the game faster if it ever comes to that. Pushing stocks (long term)and fiat dollars in this forum is what I would call confirmation bias...
What is the success rate of government issued fiat currency long term? .. now how long has gold been around?



False, the system very nearly collapsed in 2008. A massive theft took place, people that had equity in their homes and vehicles ended up losing their jobs, houses, cars.. only to have the banks bailed out with THEIR money.. in turn, the banks sat on the properties to keep the real estate market from correcting.

The only people doing "well" are the $400k plus club.. exponentially as you get into the billionaires. The rest of us are making stagnant wages since 2007 as the dollar is devalued and QE and low interest fuel more bubbles. You can't ignore the dishonest division of wealth happening in this country. (nothing wrong with wealth if it's honest, dont get me wrong)

The or a few Swiss people?

I dont see how a tiny isolationist country is relevent to your survival.

The op asked if metal will keep falling. Im not pushing anything except balance and perhaps a little common sense. It will keep going down for a long time. When it levels out and seems forgotten, then back up the truck, week in week out.

The elephant has been in the room for generations. When and if the US ever falls, we will be the last to do so.

The system was never in jepardy. Just a few big players were toast. They got bailed out because those in charge of said bail out were cleary connected. Had any of the big companies like GS actually gone BK, short term caous would have been followed by capitolism at its finest. And we as country would be way better off right now for it.

[smashycrashy]

Tell that to the parents and children who attend the 4 different schools of the 5 children this guy came into contact with.

Did you even read how this guy contracted it? Full, close physical contact with someone in the final stages of bleeding out. In the USA, we don't do that.