Gold's Tanking Today... so is Silver.......

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  • JFK
    FUBAR the ORIGINATOR
    • Jan 2002
    • 67373

    #1

    Gold's Tanking Today... so is Silver.......

    Gold's Down $102.81 CDN today

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  • Brujah
    Beer Money Baron
    • Jan 2001
    • 22157

    #2
    Do you work at a pawn shop?

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    • edgeprod
      Permanently Gone
      • Mar 2004
      • 10019

      #3
      I saw that this afternoon, put a huge smile on my face. I sold almost all of my silver when it hit $37.22, got almost $36 per troy ounce for it. Now that it's tanking, I've got my eye on buying about the same amount back. If it can manage to drop to $28 or lower in the next few months, I'll be selling all of my gold to go 100% into silver for the bounce in the fall.
      Last edited by edgeprod; 02-29-2012, 11:59 AM. Reason: grammar edit

      Comment

      • Brujah
        Beer Money Baron
        • Jan 2001
        • 22157

        #4
        Platinum is currently cheaper than gold. Is it usually that way?

        Comment

        • PR_Glen
          Confirmed User
          • Oct 2006
          • 9058

          #5
          Originally posted by Brujah
          Platinum is currently cheaper than gold. Is it usually that way?
          only if you make a cheesy rapper necklace out of it ;)
          webmaster at pimproll dot com

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          • JFK
            FUBAR the ORIGINATOR
            • Jan 2002
            • 67373

            #6
            Originally posted by Brujah
            Platinum is currently cheaper than gold. Is it usually that way?
            NO, historically Platinum has always been higher than gold

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            • CaptainHowdy
              Too lazy to set a custom title
              • Dec 2004
              • 94736

              #7
              Congrats to the losers ...

              Comment

              • oscer
                Confirmed User
                • Jan 2001
                • 2834

                #8
                Sucks but if silver drops a bit could be good to buy
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                • brassmonkey
                  Pay It Forward
                  • Sep 2005
                  • 77397

                  #9
                  had to fall some time
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                  • RyuLion
                    • Mar 2003
                    • 32369

                    #10

                    Originally posted by CaptainHowdy
                    Congrats to the losers ...

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                    • porno jew
                      Too lazy to set a custom title
                      • Nov 2006
                      • 10166

                      #11
                      how i am going to survive 2012 at this rate : (

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                      • edgeprod
                        Permanently Gone
                        • Mar 2004
                        • 10019

                        #12
                        Originally posted by oscer
                        Sucks but if silver drops a bit could be good to buy
                        You haven't been watching it lately, I guess. We all bought under $29, and advised everyone on here to do the same. I personally sold when it hit $37.22, and got about $36 per troy ounce for the lot.

                        Comment

                        • Dead
                          They left the door open
                          • Apr 2003
                          • 4755

                          #13
                          Just a leak in the bubble, plenty of room to blow before it gives....

                          Comment

                          • Barry-xlovecam
                            It's 42
                            • Jun 2010
                            • 18083

                            #14
                            Romney won Michigan and Arizona, Santorum bit the dust -- the world may not implode unload the gold !!! Sounds stupid but when a market runs amok with speculators trivial daily events become trends.

                            Comment

                            • JFK
                              FUBAR the ORIGINATOR
                              • Jan 2002
                              • 67373

                              #15
                              Originally posted by Brujah
                              Do you work at a pawn shop?
                              YES, I own one

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                              • BareBacked
                                Confirmed User
                                • Feb 2007
                                • 3685

                                #16
                                Originally posted by edgeprod
                                You haven't been watching it lately, I guess. We all bought under $29, and advised everyone on here to do the same. I personally sold when it hit $37.22, and got about $36 per troy ounce for the lot.
                                Did you actually buy the metal or did you just use some online thing to buy the right to it..

                                If you actually bought it .How do you store it? I assume you put in a decent chunk of change.
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                                • V_RocKs
                                  Damn Right I Kiss Ass!
                                  • Nov 2003
                                  • 32449

                                  #17
                                  It's the end of the world...

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                                  • Evil1
                                    Confirmed User
                                    • Mar 2002
                                    • 3893

                                    #18
                                    eh fuck I was going to go unload gold and silver tomorrow. probably still do the silver as it's still hovering around the price I decided to sell it at anyway last week, but the gold, staying in the safe.

                                    Comment

                                    • SleazyDream
                                      I'm here for SPORT
                                      • Jul 2001
                                      • 41470

                                      #19
                                      funny I saw a 60 mins episode recently where they talked about how India controls over 25% of the gold market and cause of that gold will keep going up. All I could think after watching it was, SHORT GOLD!!!!!!!!
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                                      Now read without the word dog.

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                                      • uno
                                        RIP Dodger. BEST.CAT.EVER
                                        • Dec 2002
                                        • 18450

                                        #20
                                        I sold about half a pound of silver bars a few days or more ago for a decently healthy profit, considering it was a wedding gift and was worth a bit over $20 USD/oz at the time 2.5 years ago.
                                        -uno
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                                        • Internet Guy
                                          Confirmed User
                                          • May 2006
                                          • 402

                                          #21
                                          Silver is in for a hell of a ride over the next 10-15 years.

                                          In the short term, anything can happen.

                                          During yesterdays Fed meeting, RP held up a Silver coin and gave the audience a quick history lesson. The moment he held up that coin, 225 million ounces of paper Silver was dumped on the market, over 30 mins, dropping the price by $2/oz.

                                          The only sure way to win is to stack Silver. It is a bullet and a shield.

                                          Further reading:
                                          http://silverdoctors.blogspot.com/20...ounces-of.html

                                          Comment

                                          • seeandsee
                                            Check SIG!
                                            • Mar 2006
                                            • 50945

                                            #22
                                            Somebody will get rapped because got tons of gold
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                                            • Joshua G
                                              dumb libs love censorship
                                              • Jul 2008
                                              • 8198

                                              #23
                                              wow. a move like that is destined to trigger some margin call selling in the next week.

                                              Comment

                                              • SeanLEE
                                                Confirmed User
                                                • Feb 2006
                                                • 1556

                                                #24
                                                What goes down- goes up even higher in the future!!!! Buy!
                                                I spammed in threads!

                                                Comment

                                                • JFK
                                                  FUBAR the ORIGINATOR
                                                  • Jan 2002
                                                  • 67373

                                                  #25
                                                  Originally posted by SeanLEE
                                                  What goes down- goes up even higher in the future!!!! Buy!
                                                  indeed........ the Big Boys are cleaning up

                                                  Silver right now .......$34.98 Gold $1716.30 US
                                                  If you want to follow it yourself check out http://www.kitco.com/

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                                                  • HomerSimpson
                                                    Too lazy to set a custom title
                                                    • Sep 2005
                                                    • 13826

                                                    #26
                                                    bubbles can burst?!?!?
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                                                    • martinsc
                                                      Too lazy to set a custom title
                                                      • Jun 2005
                                                      • 27047

                                                      #27
                                                      Originally posted by HomerSimpson
                                                      bubbles can burst?!?!?
                                                      Make Money

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                                                      • edgeprod
                                                        Permanently Gone
                                                        • Mar 2004
                                                        • 10019

                                                        #28
                                                        Originally posted by BareBacked
                                                        Did you actually buy the metal or did you just use some online thing to buy the right to it..

                                                        If you actually bought it .How do you store it? I assume you put in a decent chunk of change.
                                                        Actually bought it. I like to touch it. We just dedicated one of the larger closets to it. If no one knows you have it, it's unlikely you'll be robbed, etc. And now, since it's gone, there's even less of a chance, LOL.

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