Are Gold and Silver gonna keep going down?

[greensoup]

While I never had any interestit's p junk bonds, we too looked at a lot of real estate during that time. I was sitting on a ton of cash but didn't see any deals except short sales. We made several cash offers that disappeared into black holes. I know a few people scored, but I know plenty of others that shared our experience.

I wrote around 20-30 offers to get 2 accepted. Like you most of mine went nowhere.

Junks bonds in the case where I bought were large well known companies like Sprint. Higher risk but the volume of defaults required to lose money was very remote.

In the really bad times are the best time to buy.
1. Everything melts down. You lose everything, as does everyone else.
2. Eventual recovery.

If the lights are still on and water comes out of the tap its #2

Gold was a good buy for a number of years but if it's dropping or flat why buy if you can make more else where.

I cycle my holdings to dump losers regularly. If it's not returning it's better to cycle it out and buy something moving. Then rotate back. Sell if it drops X% and don't look back.

[greensoup]

Oil is down over 40% from it's high this year and 35% for the year.

Gold is down 15% from it's high this year and 0% for the year.

Just sayin....

I coulda been a Monday morning quarterback but instead I'll stick with a Pirate as Gold has and will always be a storage of wealth.

Oil barrel prices are down. Oil stocks were returning 3-5% just in dividends.

There's no difference between oil, gold, land. Buy the winners, sell the losers.

With oil down gold might trend up. If it trends up I might buy. But I wouldn't buy flat trying to bet the bottom. Even Goldman Sachs can't call a bottom and they have the power to move markets.

[sixoclockhold]

Hey Smashy

What do we do? Sell the stawks we have or ride it out, maybe even buy the dippidy do?

Tell us if the central banks or plunge protection team will save our retirements.

Hey whats with the circuit breakers for Gold trading, $400 up and we pull the plug or is that for $400 down lol. To da Moon !

[sixoclockhold]

The final days of our Reserve Currency as we know it are upon us and will come with lightning speed.

Ponder the Petro Dollar for a moment. Oil is traded in US currency, well most of it anyway but countries are now moving to use other means. This has lessened the importance of the Mighty Buck. Now couple a 40% drop in OIL Prices, this means 40% less US Dollars are needed. Effect? We must curtail printing(but can't), the globe sloshes in Greenbacks. Hyperinflation......

There are reasons the .Gov stocked food, ammo and made camps, hell is knocking at our door.

Will you survive?

Smashy, you have been awful quiet since Oil prices have begun to cascade. Will we see $40 a barrel soon?

[wpage]

Time to buy is now...

[Ripon83]

Come on...be real

We all got opinions....but that doesn't make them real.

For example QE is over and we are no longer seriously increasing the money supply. Prove otherwise if you can. You wrote we must curtail printing (but can't) and I believe you are wrong on that.

Countries have wanted to move to "other means" imply they want to print something and use it. How is that working? Ask Mexico and Japan. Russia, China, India, or Europe please feel free to show me ONE that is doing better against the dollar.

The oil trade in the world is 1/70th of WW global trade so explain how cutting it 40% is inflationary? It's minimally deflationary if anything as it will reduce overall costs of production.

The final days of our Reserve Currency as we know it are upon us and will come with lightning speed.

Ponder the Petro Dollar for a moment. Oil is traded in US currency, well most of it anyway but countries are now moving to use other means. This has lessened the importance of the Mighty Buck. Now couple a 40% drop in OIL Prices, this means 40% less US Dollars are needed. Effect? We must curtail printing(but can't), the globe sloshes in Greenbacks. Hyperinflation......

There are reasons the .Gov stocked food, ammo and made camps, hell is knocking at our door.

Will you survive?

Smashy, you have been awful quiet since Oil prices have begun to cascade. Will we see $40 a barrel soon?

[smashycrashy]

Hey Smashy

What do we do? Sell the stawks we have or ride it out, maybe even buy the dippidy do?

Tell us if the central banks or plunge protection team will save our retirements.

Hey whats with the circuit breakers for Gold trading, $400 up and we pull the plug or is that for $400 down lol. To da Moon !

Are you really sweating a ~3% stock market drop? For some reason you aren't sweating the ~30% drop in gold.

[mindwip]

Thought silver would continue its climb. Dropped good today.

[cxr]

Thought silver would continue its climb. Dropped good today.

the way i understand it is that silver and gold are no longer being propped up by QE so a big correction is forthcoming.

i think with stocks too these corporations are going to have to start spending their hoarded cash.

[glockman19]

Gold back under $1,200
Silver back under $16

Nothing to see..."these aren't the droids you're looking for, move along."

[TheChief]

This is the post that started the thread:

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?

A year and a half later and the prices are even lower at $1193 and %15.76 for gold and server respectively.

Looking back at all the predictions for a massive increase or decrease in the value of the PMs...if you are consistently wrong...shouldn't you learn from that and stop making"for sure" "absolute" predictions? Though I can see a tie in with prepping in general with that kind of thinking...ummm, yeah, never mind

[sixoclockhold]

This is the post that started the thread:

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?

A year and a half later and the prices are even lower at $1193 and %15.76 for gold and server respectively.

Looking back at all the predictions for a massive increase or decrease in the value of the PMs...if you are consistently wrong...shouldn't you learn from that and stop making"for sure" "absolute" predictions? Though I can see a tie in with prepping in general with that kind of thinking...ummm, yeah, never mind

Got a little ahead of yourselves didn't you? Market lost all it's gains and closed down again today. Don't be surprised if the S&P gives back EVERYTHING for the year. Gold is flat for the year and I'm fine with it.

In case you didn't notice, the globe is exploding and the US will get beat up just like everyone else. Fiat and funny money has lost once again.

[mindwip]

Is the stock market gives up all gains for the year it's ahead of gold and silver still....

And since it has been up the only way to sell the stock is to have others to buy it, lots of people are happily selling there stocks

[sixoclockhold]

Is the stock market gives up all gains for the year it's ahead of gold and silver still....

And since it has been up the only way to sell the stock is to have others to buy it, lots of people are happily selling there stocks

Sorry to tip over your Kool-Aid but Gold has outperformed the S&P 500 over the last 10 years by a long shot.

[mindwip]

Hum did not realize I said 10 years.