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|  05-08-2011, 02:04 PM | #1 | 
| Beer Money Baron Industry Role:  Join Date: Jan 2001 Location: brujah / gmail 
					Posts: 22,157
				 | 
				
				Silver down almost 30%?
			 Weren't some of you guys buying, and pimping Silver? 
				__________________ 
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|  05-08-2011, 02:13 PM | #2 | 
| Biker Gnome Industry Role:  Join Date: Mar 2004 Location: cell#324 
					Posts: 23,200
				 | thats a pretty big drop, gold will be next probably 
				__________________ Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants think about that | 
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|  05-08-2011, 02:41 PM | #3 | 
| Registered User Industry Role:  Join Date: Feb 2010 
					Posts: 1,688
				 | About time to get in. | 
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|  05-08-2011, 02:44 PM | #4 | 
| HOMICIDAL TROLL KILLER Industry Role:  Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane 
					Posts: 20,419
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|  05-08-2011, 03:23 PM | #5 | 
| Confirmed User Join Date: Nov 2002 Location: Belgium 
					Posts: 7,383
				 | I'm still buying strong... The bigger the drop the more I'm buying! (but even more gold) | 
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|  05-08-2011, 03:42 PM | #6 | 
| Confirmed User Industry Role:  Join Date: Mar 2011 
					Posts: 2,301
				 | The prices for gold and silver are incredibly inflated. There is no way they can retain such a price. | 
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|  05-08-2011, 03:45 PM | #7 | 
| Confirmed User Industry Role:  Join Date: May 2002 Location: Malaysia 
					Posts: 3,376
				 | Silver was majorly inflated. The issue with silver was the fact that margin requirements changed, and that caused a major sell off. Now that they have been changed, im wondering could this be a buying opportunity or does it have further to fall because I doubt they will change again in the near term. I believe gold has a lot more support as central banks were buying on the dips. Im sure we'll see a correction but I seriously doubt we will see sub $1300 this year. There are just too many buyers out there. | 
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|  05-08-2011, 03:47 PM | #8 | |
| <&(©¿©)&> Industry Role:  Join Date: Jul 2002 Location: Chicago 
					Posts: 47,882
				 | Quote: 
  but hopefully I'm wrong and it will work out for you  
				__________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager  Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager | |
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|  05-08-2011, 03:57 PM | #9 | 
| Confirmed User Industry Role:  Join Date: May 2002 Location: Malaysia 
					Posts: 3,376
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|  05-08-2011, 03:58 PM | #10 | 
| Too lazy to set a custom title Industry Role:  Join Date: May 2003 Location: icq: 71462500 Skype: Jupzchris 
					Posts: 27,880
				 | yup i bought yup i was buying at the 33-38 mark and i sold at mid 40's i didnt have alot but everyone was saying to dump it and i did this is why i dont invest lol 
				__________________ [email protected] | 
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|  05-08-2011, 04:01 PM | #11 | 
| Confirmed User Industry Role:  Join Date: Dec 2010 
					Posts: 254
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|  05-08-2011, 04:06 PM | #12 | 
| Confirmed User Join Date: Nov 2002 Location: Belgium 
					Posts: 7,383
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|  05-08-2011, 04:07 PM | #13 | 
| Confirmed User Industry Role:  Join Date: May 2002 Location: Malaysia 
					Posts: 3,376
				 | Well im no gold bug but people who invest majorly in gold have a philosophical position which is something they usually wont move from. Its not about "investing in gold" its about protecting your wealth and holding your money in a non-paper form. I doubt many gold investors would really care if the gold price collapsed even to half the price overnight because theyre taking the position that the alternative is (in many cases) holding USD paper currency that they know is worthless. And if the market takes another view, they take the position that the market is wrong. You see the point? And that position is reinforced when central banks around the world are also buying gold. | 
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|  05-08-2011, 04:08 PM | #14 | |
| Confirmed User Join Date: Nov 2002 Location: Belgium 
					Posts: 7,383
				 | Quote: 
 Gold isn't more "expensive" than is was way back in 1999. I would be scared shitless if I was invested 100% in stocks right now! | |
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|  05-08-2011, 04:10 PM | #15 | |
| Confirmed User Join Date: Nov 2002 Location: Belgium 
					Posts: 7,383
				 | Quote: 
 But in the long run, it could go up to 200-500$/ounce... But that's speculating  Just buy gold and thank me in 5 years from now ;) The commodities bull has an easy 5 years to run! | |
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|  05-08-2011, 04:11 PM | #16 | 
| Confirmed User Join Date: Aug 2007 
					Posts: 176
				 | pics or lies :D  
				__________________  ICQ: 565302431 - NOT USING ICQ ANYMORE | 
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|  05-08-2011, 04:12 PM | #17 | |
| Confirmed User Join Date: Nov 2002 Location: Belgium 
					Posts: 7,383
				 | Quote: 
 I wouldn't like to be holding a shitload of dollars right now... The US dollar is doomed. | |
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|  05-08-2011, 04:12 PM | #18 | 
| Confirmed User Join Date: Dec 2001 Location: SoCal 
					Posts: 1,651
				 | I own physical in the low 30's, but at these levels, still picking up some. I've been trading SLV options for a few months now and rode it up, and rode it down. There's so much shadiness behind the drop it's comical. Tons of margin increases in a two week period, the COMEX is in the brink of default, huge amount of speculation, it's a fun ride. Extremely volatile, but damn there's a killing to be made. The problem is, when it goes up so fast, it has to come down to correct itself to keep going up. So many people ate shit last week and they could have protected themselves by buying some damn puts. Hopefully, they'll learn next time, but I doubt it.  I like how people say silver and gold can't go up anymore, and they'll put their money in things like Apple and Netflix (P/E 65 - Will make the best short of the year award) which have gone up 400 and 500% over the past year or two. Yet, a 60% increase in silver is crazy lol. Trillions in US debt and increasing, a dropping dollar, higher inflation, increase in commodity prices, complete uncertainty about the US economy - all makes for a higher spot price. | 
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|  05-08-2011, 04:15 PM | #19 | 
| Confirmed User Join Date: Nov 2002 Location: Belgium 
					Posts: 7,383
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|  05-08-2011, 04:16 PM | #20 | 
| Confirmed User Industry Role:  Join Date: Dec 2004 Location: Denver 
					Posts: 6,559
				 | Wait, you mean buying stock at it's peak isn't how to do it?! Damn! 
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|  05-08-2011, 04:17 PM | #21 | |
| Confirmed User Industry Role:  Join Date: May 2002 Location: Malaysia 
					Posts: 3,376
				 | Quote: 
 Gold will continue to go up partly because interest rates are likely to stay low ie below the rate of inflation and therefore youre losing purchasing power in real terms on paper money. But even so, that is one less reason to hold gold..... | |
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|  05-08-2011, 04:17 PM | #22 | 
| Confirmed User Join Date: Aug 2007 
					Posts: 176
				 | i just edited this due to total noobness.. googling now :D 
				__________________  ICQ: 565302431 - NOT USING ICQ ANYMORE | 
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|  05-08-2011, 09:15 PM | #23 | 
| Making $$$$ w/ ClickCash Industry Role:  Join Date: May 2003 Location: USA 
					Posts: 18,037
				 | buy silver! can't lose, it never goes down. It will be over $100 soon. Everyone buy Silver, its 100% guaranteed to go up in value, everyone should buy it.... empty out your retirement savings and put it all into silver....       buy high, sell low! thats the way the idiots do it that think they can't lose and wait till the last minute to buy into the hype. 
				__________________ ICQ: 86364801 Email: will [at] innovativeassets [dot] com | 
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|  05-08-2011, 09:49 PM | #24 | 
| Confirmed User Join Date: Feb 2002 
					Posts: 2,527
				 | interesting drop I don't understand the infatuation of buying "gold" not in coins but just some 1s and 0s that sit on a computer somewhere, in a pyramid scheme that is the market full of imaginary money. My understanding is that there isn't enough gold out there, even the US gov't gold reserves are supposedly in the low hundreds of billions at today's prices. So just like in the monetary system now there will be those who're left holding bag I'm pretty sure the Fed can put the kibosh on gold as a legal currency rather easily, no? 
				__________________ ...... eight,eight,two,eight,eight,four,two ...... | 
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|  05-08-2011, 11:05 PM | #25 | 
| Confirmed User Industry Role:  Join Date: Apr 2003 
					Posts: 7,336
				 | It's called a correction and it's leveling out. I bought some more bars at $35 which isn't too shabby. It'll still get to $100+/oz. 
				__________________ Greed is Good   | 
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|  05-09-2011, 01:24 AM | #26 | |
| Confirmed User Industry Role:  Join Date: May 2002 Location: Malaysia 
					Posts: 3,376
				 | Quote: 
 Its just a piece of paper issued by a government with a promise to pay - the only thing holding it together is "convention". A US dollar has no intrinsic value so if you print enough of it, there is more of it chasing after assets and thats what causes inflation. Gold cant be printed because its a precious metal so its a more finite source of money - this is one reason why its a logical store of value versus paper money. | |
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|  05-09-2011, 01:45 AM | #27 | |
| Confirmed User Join Date: Feb 2005 Location: Montreal 
					Posts: 3,018
				 | Quote: 
 My father died last week, and the inheritance I am receiving from him will be put about 70-80% into silver, so this dip in the price is a godsend .... allowing me to make my next purchase at last year's prices!!! I have been following silver for a long time, and know/understand the catalysts that are partially responsible for the price drop. I have been calling silver for the past almost a year .... and I also predicted it was going to be a bumpy ride! In the past year, silver is still up 20%, and in the past 5 years, its still up 135%. Gold in comparison is up 28% over the past 5 years. One of the catalysts that influenced the silver "panic" of the past two weeks, is that Eric Sprott - of Sprott Asset Management Inc - who managed a very large silver ETF portfolio, sold off almost 75% of his silver stocks (approx. $35M), causing market analysts to take note and to "panic". If Eric is selling silver, shit must be about to hit the fan!! What they did not see coming, is that Eric is re-investing all of the cash from the sale of his silver ETFs into ..... you guessed it - physical silver bouillon - and he is buying it at almost 30% less than he would have been able to do so 3 weeks ago!! A perfect example of how the rich keep getting richer!!! David Rockefeller used a similar bullish move in 1929 to influence the stock panic responsible for the great depression, and all the while, he was buying masses of people's promissory notes for literally pennies on the dollar!!! This is very similar to how the Rockefeller Dynasty was obtained. Like previously mentioned ... the sharp drop in silver prices in the past two weeks, smart investors will see as a GOLDEN (pardon the pun) opportunity! BUY UP - AND THEN BUCKLE UP AND ENJOY THE RIDE!!!  http://www.theglobeandmail.com/globe...rticle2007195/ | |
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|  05-09-2011, 01:49 AM | #28 | 
| Confirmed User Industry Role:  Join Date: Nov 2005 
					Posts: 5,646
				 | a lot of Americans still believe the end of the world is coming in the next 50 years so they will probably keep buying in. | 
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|  05-09-2011, 02:33 AM | #29 | |
| Confirmed User Join Date: Feb 2005 Location: Montreal 
					Posts: 3,018
				 | Quote: 
 and did you not get the memo? The end of the world is DECEMBER 21, 2012!  | |
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|  05-09-2011, 02:47 AM | #30 | 
| Confirmed User Industry Role:  Join Date: May 2002 Location: Malaysia 
					Posts: 3,376
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|  05-09-2011, 02:48 AM | #31 | 
| More Cowbell Industry Role:  Join Date: Jul 2001 Location: Nakhom Nowhere 
					Posts: 10,607
				 | I save my money in physical gold. I live in Thailand and the gold you buy here is 96.5% pure. Its up from around 14,000 to 21,000 in less than 2 years and it beats having money in a Thai bank or saving in US$ and its easy to take with me if shit hits the fan here and we have to get out. Gold in Thailand is the same as cash money, it can be exchanged at anytime for the current rate. 
				__________________ Truth Teller | 
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|  05-09-2011, 03:10 AM | #32 | |
| Confirmed User Join Date: Feb 2005 Location: Montreal 
					Posts: 3,018
				 | Quote: 
 I am actually banking on this to an extent ... The people who knew Y2K was all tinfoil hat propaganda made a quick buck ... and history DOES repeat! | |
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|  05-09-2011, 03:39 AM | #33 | |
| there's no $$$ in porn Industry Role:  Join Date: Jul 2005 Location: icq: 195./568.-230 (btw: not getting offline msgs) 
					Posts: 33,063
				 | Quote: 
 * Since they took the USD of the gold standard, there is no longer such a thing as a 'promise to pay'. * what you call 'inflation' (prices going up) is actually 'price inflation' (which is caused by 'inflation' (expansion of the money supply)). </pet peeve ;)> | |
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|  05-10-2011, 03:26 PM | #34 | 
| Confirmed User Join Date: Nov 2002 Location: Belgium 
					Posts: 7,383
				 | Silver up almost 15% since it's 33.15$/oz low... We're almost back at the start   I bought another 2 kilos (60 oz). Who's buying? | 
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|  05-10-2011, 03:37 PM | #35 | |
| Confirmed User Industry Role:  Join Date: Oct 2010 
					Posts: 253
				 | Quote: 
    
				__________________  Alex S Webair Internet Development, Inc. 516.938.4100 Ext. 218 AIM: Webairalexs Twitter: Webairalex EMAIL: [email protected] WEB: http://www.webair.com | |
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|  05-10-2011, 04:11 PM | #36 | 
| Such Fun! Industry Role:  Join Date: Feb 2008 
					Posts: 13,900
				 | Where are you guys buying? | 
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|  05-10-2011, 06:53 PM | #37 | |
| Master of Gfy.com Industry Role:  Join Date: Feb 2002 
					Posts: 14,887
				 | Quote: 
 If those morons had bought when it dropped to 33 like 3-4 days ago, they would have made 6 dollars an ounce right now at 39. Instead they sit and post on gfy trying to hate all day. | |
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|  05-10-2011, 06:53 PM | #38 | 
| Master of Gfy.com Industry Role:  Join Date: Feb 2002 
					Posts: 14,887
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|  05-10-2011, 07:01 PM | #39 | |
| working on my tan Industry Role:  Join Date: Mar 2005 Location: Florida/Kentucky 
					Posts: 39,151
				 | Quote: 
 . | |
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|  05-10-2011, 07:10 PM | #40 | 
| Too lazy to set a custom title Industry Role:  Join Date: Sep 2005 Location: Springfield 
					Posts: 13,826
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				__________________ Make a bank with Chaturbate - the best selling webcam program       Ads that can't be block with AdBlockers !!! /// Best paying popup program (Bitcoin payouts) !!! PHP, MySql, Smarty, CodeIgniter, Laravel, WordPress, NATS... fixing stuff, server migrations & optimizations... My ICQ: 27429884 | Email:   | 
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|  05-10-2011, 07:19 PM | #41 | 
| ►SouthOfHeaven Join Date: Jun 2004 Location: PlanetEarth MyBoardRank: GerbilMaster My-Penis-Size: extralarge MyWeapon: Computer 
					Posts: 28,609
				 | if you took all the gold in the world that has ever been discovered it would fit inside an olympic size swimming pool 
				__________________ hatisblack at yahoo.com | 
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|  05-10-2011, 07:25 PM | #42 | 
| Confirmed User Industry Role:  Join Date: Dec 2010 
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|  05-10-2011, 07:26 PM | #43 | |
| Choice is an Illusion Industry Role:  Join Date: Feb 2005 Location: Land of Obama 
					Posts: 42,635
				 |   Quote: 
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|  05-10-2011, 08:26 PM | #44 | 
| Confirmed User Industry Role:  Join Date: Mar 2003 
					Posts: 2,257
				 | Not sure if this is posted or not, but Silver will go higher than $50 IF it can get past that $50 glass Ceiling. Many people have sell orders in around $40.30 ish. I do see it rising super fast again, but I expect it to hit $65 maybe even $85 easily if it can go above $50 for a couple of days. | 
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|  05-10-2011, 08:28 PM | #45 | 
| Confirmed User Industry Role:  Join Date: Mar 2003 
					Posts: 2,257
				 | Found a good use  | 
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|  05-10-2011, 09:17 PM | #46 | |
| Confirmed User Join Date: Dec 2001 Location: SoCal 
					Posts: 1,651
				 | Quote: 
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|  05-11-2011, 12:51 AM | #47 | 
| Content Producer Industry Role:  Join Date: Nov 2005 Location: Los Angeles 
					Posts: 4,145
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|  05-11-2011, 04:52 AM | #48 | |
| FUBAR the ORIGINATOR Industry Role:  Join Date: Jan 2002 Location: FUBARLAND 
					Posts: 67,374
				 | Quote: 
  BUY UP - AND THEN BUCKLE UP AND GET TAKEN FOR A RIDE!!!  Unless you buy at high volumes, what is the sense of doing it ? Waste of time  
				__________________  FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com | |
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|  05-11-2011, 04:54 AM | #49 | 
| 🚨 PBBC International 🚨 Industry Role:  Join Date: Apr 2010 Location: /👁\ 
					Posts: 9,931
				 | The precious metals bubble about to pop? | 
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|  05-11-2011, 07:23 AM | #50 | 
| Confirmed User Industry Role:  Join Date: Apr 2003 
					Posts: 7,336
				 | I've got to hand it to those idiots who are calling precious metals a "bubble". That's some hilarious shit, advertising your lack of knowledge. 
				__________________ Greed is Good   | 
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