Are Gold and Silver gonna keep going down?

[glockman19]

Next stop $1000 and $12.50....not long I'd guess....we're looking more and more deflationary each day right now.

I agree Gold is trading right now at $1,098 and Silver is $14.67.

Looking, again, at the 10 year chart, you can easily see Gold going as low as $350 and Silver as low as $7.50

IMHO, PM's have a better than average chance of losing half their value in the next few years as interest rates rise.

I have been out of Precious Metals since late 2012. I shifted to Healthcare stocks and Tech Stocks.

My goal now is to hoard cash so when the next earthquake hits the San Fernando Valley I'll pick up properties for cents on the dollar, and flip them or build more apartments. We experience a 6.0+ every 21-23 years. Last one was 1994, prior to that 1971...I expect the next one in the next 3 years.

I'll go so far as to state earthquake insurance a better investment than PM's over the next 3-5 years.

[Supertac916]

Precious metals......the only thing people invest in and say they don't care if it goes down in value. Lol!

Can you imagine someone saying "just bought 100 shares of Apple and it's down about 25%. I don't care, I'll just buy more all the way down to zero."

Buying silver and holding it has to be one of, if not the worst investments over the last 3+ years hands down.

Probably not a good idea to use the Apple analogy. They shot to $700 a share and dropped to around $350 from what I recall. Then they rebounded and ended up splitting seven ways and now are trading at $132 today. Those who held Apple during the dip and bought more after they took their haircut and held made out in spades. Did people care when they saw 20-50% of the value of their Apple stock drop? Absolutely, but they didn't lose anything unless they sold it for a loss. Just saying for future reference because everything goes up and down. You shouldn't put any of your emergency money or money that you need within the next 5 years in anything other than a savings account. If you can't handle the long term ups and downs of any investment, than just stay out of the way. I like it when they say stay away because we're at 5 year lows on any investment with some basis of fundamentals. Buying the dips and holding is how people make money. Not buying tops or near the top and holding. Is this the bottom for gold and silver? Probably not, but we will see what happens. I'll buy a little more if it drops below $1,000.

[therealnickb]

Apple makes and sells stuff people want. Metal just lies there.

[Supertac916]

Apple makes and sells stuff people want. Metal just lies there.

Apple is a great company with innovative products in high demand. Their stock dropped significantly after Job's passed away and fear that their founders predecessor wouldn't be as great of a leader. That has proven to be wrong thus far. That being said, there have been many companies that have fallen from glory, such as, Nokia and Blackberry who were innovative 20 years ago. I actually enjoyed banking at Washington Mutual, but if I held their stock it would be worth nothing today. If I bought Fisker versus Tesla stock, than the stock would be worth zero. You are right that metals just sit there, but they will be there longer than any iPhone, Galaxy, Blackberry, Fisker, Tesla, product, etc. PM's don't pay dividends and the value increases and decreases, but they will never be worth zero.

[keenkeen]

Apple makes and sells stuff people want. Metal just lies there.

Not sure...

They lay and they lie.

[therealnickb]

Not sure...

They lay and they lie.

Metal lies wherever you lay it. A body at rest and all that.....

[Ripon83]

aapl also pays a 2.08% dividend.....gold don't pay no dividends...

BTW "t" pays 5.4% if you want a great dividend buy.....

[mindwip]

As an apple stock holder please continue buying over priced apple crap. The watch sales are down. Have you people not heard there's one out of gold. Your killing two birds with one buy! Pm and watch.

Let's go now.

[therealnickb]

As an apple stock holder please continue buying over priced apple crap. The watch sales are down. Have you people not heard there's one out of gold. Your killing two birds with one buy! Pm and watch.

Let's go now.

So, are gold and silver still going down?

[CaliforniaLiberal]

So, are gold and silver still going down?

We don't know yet. Waiting for Sixoclockhold to let us know the score.

[therealnickb]

We don't know yet. Waiting for Sixoclockhold to let us know the score.

2 da mooooon again? Or, look out beeeeloowwwww!

Once he's done vacuuming and stowing all that stolen errrrr found booty, I'm sure we will be enlightened.

[mindwip]

The real nick b, my prediction below.

The market will see fluctuations of the vertical nature over the next few periods.

[Mssr. Eleganté]

We don't know yet. Waiting for Sixoclockhold to let us know the score.

He's made it pretty clear that the best course of action is to buy all the gold you can at $1400 an ounce and then start shorting gold once it drops to $1100 an ounce. The classic "buy high, short low" strategy that jet owning fat cats use to amass their wealth.

[CaliforniaLiberal]

The real nick b, my prediction below.

The market will see fluctuations of the vertical nature over the next few periods.

Yes, yes!! I can see the pattern now! The price increases (or decreases) for a while, followed by decreases (or increases) for a period of time. And repeat. Sometimes the increases are greater than the decreases and other times vice versa. Over certain periods of time there is a trend that can be seen, either trending upward or downward, as may be.

All rather unpredictable I should say. Almost random.

[GW]

Gee, when you put it that way it almost makes sense!