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Thread: Silver and Gold prices are dropping. Buying time?

  1. #1
    Thunder Lizard Canning Club Chapter of the Old Farts Society


    Grumpy Old Man's Avatar
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    Silver and Gold prices are dropping. Buying time?

    Silver is now at $25.85 and Gold is at $1478. I believe they will fall further before the market corrects at the end of April or early May.
    Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me Liberty or give me death." Patrick Henry, Virginia House of Burgesses, March 23, 1775

    Quo Vadis?

    Luke 22:36, And he that hath no sword, let him sell his garment, and buy one.

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  2. #2
    I'll most likely shit myself



    bacpacker's Avatar
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    I agree with you Grumpy! Both the stock and metals markets are making moves in opposite directions for no real reasons. I'm not sure when markets will correct, but have no doubt they will pretty soon.

  3. #3
    For the Love of Cats


    Sniper-T's Avatar
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    I've been thinking the same thing!
    Give a man fire, and he'll be warm for a day!
    Light a man on fire, and he'll be warm for the rest of his life!

    Cat's are food... not friends!

    If you're going to fight, then fight like you're the third monkey on the ramp into Noah's arc... and brother, it's starting to rain.

  4. #4
    Crotch Rocket


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    Silver and Gold prices are dropping. Buying time?

    I believe I will be.

    Buying, that is. Not correcting
    Consilio et animis

    Essayons!

  5. #5
    stark assed naked and butt to nut with no issues
    Stormfeather's Avatar
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    Been buying for a while, this is as good a time as any in my humble opinion
    RELIGION IS LIKE A PENIS
    Its fine to have one,
    Its fine to be proud of it,
    But please dont whip it out in public and start waving it around,
    And PLEASE dont try to force it down my children's throats.

    An armed society is a polite society. Manners are good when one may have to back up his acts with his life.

  6. #6
    Is kinda partial to Charmin...can you spare a square
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    Soon.

    Prices are going to go down more.

    Bob
    III

  7. #7
    Senior Member

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    I have been dollar cost averaging, so any day is a day to buy for me. It looks to be in the low $23 range right now, so it is really tempting to buy more than usual but I have other things to do with my money right now.

  8. #8
    stark assed naked and butt to nut with no issues
    Stormfeather's Avatar
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    Gold has dropped to an 8% low compared to last year, with the events in Boston, I would say now is the time to buy, we are about to hit a patriotic buyers I think, so all prices are going to go up. This week is going to be the critical buying point I believe.
    RELIGION IS LIKE A PENIS
    Its fine to have one,
    Its fine to be proud of it,
    But please dont whip it out in public and start waving it around,
    And PLEASE dont try to force it down my children's throats.

    An armed society is a polite society. Manners are good when one may have to back up his acts with his life.

  9. #9
    Let him know if you need 550 cord, a hank of generic rope, and some duct tape

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    If only brass and lead would do the same.

  10. #10
    I'll most likely shit myself



    bacpacker's Avatar
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    I don't have the links available right now ( I will post them tomorrow after a little more investigation ). But I caught a couple of blurbs about a huge gold and silver mine in Utah being shut down due to a collapse. Also another mine that has huge estimated reserves has gotten tied up in court and will not be openong as scheduled. The combination takes a large amount of new production out of the equation for some time to come. Both of these supposedly happened last week as the metals market was collapsing to current levels.
    I will do more info gathering tomorrow and try to fill on some major holes in what I have right now.

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