Gold is $1415 down 4.25% so far this morning
Silver is $24 down 7.24% so far this monrning
Could be a conspriacy
It has gone down even more. Space aliens must secretly be coming to earth and flooding the markets with gold and silver because I don’t see other reasons why they should be going down this much
$23.57!!!
This must mean we have an economic recovery. Thank goodness for Obama and Bernenke
I wonder if the crash in metals is an ominous warning that a crash in stocks is coming. The Dow has been following a similar pattern to gold in the last 3-4 years.
Questions you might wish to consider:
1] Would you be "diving into it " with money you could afford to lose, or money you cannot afford to lose?
2] Do you have a clearly defined bail out point in mind? - that is, a a price that would be a certain percentage below your buy-in price [whatever that might be], and at which point you would “eat” your loss and get out? [ the best way to do this is to have an automatic “stop loss” which would kick in as soon as the agreed on floor was reached, set via a broker.]
regards, obf
“the best way to do this is to have an automatic “stop loss” which would kick in as soon as the agreed on floor was reached, set via a broker.]”
You should own physical silver
What Jargon said:
$22.09!!!
Of course. The question is: how much of the wealth you cannot afford to lose should be allocated to silver? 100%? 50%? 25%? 10%? 5%?
For example, if you put 100% of the wealth you cannot afford to lose into silver [or anything else for that matter], you would be speculating [i.e. placing a bet, gambling, with money you could not afford to lose], that a certain economic condition that benefited silver [or whatever else you had put 100% of your money into] must occur in your lifetime.
regards obf.
“economic terrorism” (e.g., central banking practices) and “price propaganda” (e.g., manipulation of the Comex gold and silver spot price via paper precious metal trades).
In India and in other countries outside of the immediate reach of Western Central bankers, it’s very common to see lines outside of precious metals retailers, people queueing up for gold and silver purchases.
The drop in gold and silver was caused by the Fed and the BOJ. Gold and silver continue to show fundamental, not speculative strength. Undiluted by the manipulations of central bankers, it’s worth noting that Bitcoin continues to show strength as well
Good luck to anyone if they are looking for silver to buy. Might be hard to find