obediah
Bronze Member
In matter of less than 5 minutes Market went down over 1000 points, gold up $32, and Silver down 5 cents; something is a brewing on high heat- hope your powder is dry!
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I've family that was underwater in Market- I warned them last year we may reach 11000 but it would drop hard when it drops, was not off by much. sure glad have been in the PM's no worries here other than the State's design on total tyranny.jrf30 said:Surprised gold and silver did not react more favorably.
Big recovery for the market - but I see lower days ahead. MUCH lower days ahead.
Yes and the fact Portugal, Spain and Ireland are in as much if not more debt than Greece, the people do not want to give up their assets to the Banksters to be bailed out- our turn in US is coming soon too we are the biggest debtor nation on earth.JD-GA said:This drop was due to the riots and crisis in greece that has been known about for months and months. The fact that our leadership is doing EXACTLY the same thing that greece did and now seeing the violence it will eventually produce here was a major factor in our market plunge today. As soon as there is no one left to take from, or not enough money left to take from them, in order to give to people who have no idea how to take care of themselves they will also riot and protest for their handouts.
obediah said:I've family that was underwater in Market- I warned them last year we may reach 11000 but it would drop hard when it drops, was not off by much. sure glad have been in the PM's no worries here other than the State's design on total tyranny.jrf30 said:Surprised gold and silver did not react more favorably.
Big recovery for the market - but I see lower days ahead. MUCH lower days ahead.
Several of my Family invested in Cattle- running them on their land and buying of rental properties all of which have went south big time, while I bailed out of everything but home live in.
JD-GA said:This drop was due to the riots and crisis in greece that has been known about for months and months. The fact that our leadership is doing EXACTLY the same thing that greece did and now seeing the violence it will eventually produce here was a major factor in our market plunge today. As soon as there is no one left to take from, or not enough money left to take from them, in order to give to people who have no idea how to take care of themselves they will also riot and protest for their handouts.
packerbacker said:Yeah Rich, that's funny. I figured where gold goes, silver must follow but that wasn't the case. Wonder why?? Silver has recovered a little but only a little and gold is still up $31.40 at the moment.
obediah said:I've family that was underwater in Market- I warned them last year we may reach 11000 but it would drop hard when it drops, was not off by much. sure glad have been in the PM's no worries here other than the State's design on total tyranny.jrf30 said:Surprised gold and silver did not react more favorably.
Big recovery for the market - but I see lower days ahead. MUCH lower days ahead.
Several of my Family invested in Cattle- running them on their land and buying of rental properties all of which have went south big time, while I bailed out of everything but home live in.
PM markets are totally manipulated am not expecting big gains only hoping to hold onto wealth- what little have through the conflagration that is coming hard fast on US.
Hi Ho Silver! said:They are claiming a human error tripped slide!
Rich Hartford said:Hi Ho Silver! said:They are claiming a human error tripped slide!
It was not human error that rumor was false
jim4silver said:packerbacker said:Yeah Rich, that's funny. I figured where gold goes, silver must follow but that wasn't the case. Wonder why?? Silver has recovered a little but only a little and gold is still up $31.40 at the moment.
As much as I like silver, gold is still the "big boy" when it comes to a PM being considered as "money" or a safe haven. Silver does not share that same distinction in the eyes of the big money traders.
I read as much as I can online about silver and gold and I don't buy into how some pundits say there is less silver above ground than gold now due to silver being used up in industry over the years. While it is true silver has many great uses, if there was any kind of silver drought the price would shoot up whether "manipulated" or not.
For example, if a company needs silver to make a product they have to go out on the market and buy it since they need physical. Obviously they are not having any trouble getting it at "market" prices, otherwise there would be a run on it and the price would reflect such. And think about all the silver currency that was made over the years that still exists in "junk bags" and in the coins we still find today, over 45 years after they stopped making silver coins for circulation.
I used to think the gold silver ratio would one day get back to the traditional 16 to 1, but I am starting to doubt it ever will. I am still gonna keep my stash 50/50 in value between silver/gold because I like them better than dollars, but who knows what will happen.
Jim