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About LinkBacksits been going down for the last few days.... anyone know the reason?
its been going down for the last few days.... anyone know the reason?
Well, it can't always go up.
Just remember, the value of gold and silver is fixed, it is the value of the dollar that changes.
I should say that there have been a ton of doomsdayers and speculators driving up the price artificially lately. Maybe this has finally leveled off somewhat.
What goes up must come down.
Yes. I do.Originally Posted by djsmalls
"We're going broke, we're mired in debt, we don't have as many scientists as we want or need, and jobs are going overseas. I assert that these are not isolated problems, that they are the collective consequence of the absence of ambition that consumes you when you stop having dreams." - Dr Neil deGrasse Tyson
Come chat with us.
Tell me more about this fixed "value of gold and silver", and how "it" manages to produce gold and silver prices that vary with respect to one another.
For bonus points, explain why, now that silver has fallen back some 30% from last year's highs, my dollars -- which must be worth close to 50% more than they were last year -- don't seem to go any farther at the grocery store.
Some would state, at least for now, the EU isn't going to implode, Iran's saber rattling is hollow, the US economy seems to moving along. At least for this week Israel isn't going to wipe out Iran. Increased world stability tends to take the wind out of gold prices some.
IMO.
US economy is getting stronger and stock markets is going up. So people are moving away from PMs and back into equities.
My collection of modern world Gold & Silver coins:
http://www.modernpreciouscoins.com
I think its safe to say that the worst economic times are behind us. My take is that once congress has a plan to balance the budget, faith in the dollar will be restored and gold prices will sink dramatically as they did in 1980. once this happens, I will start buying.
Oh, I beg todiffer. Please explain to me how the U.S. will pay of its 15 trillion dollars of debt WITHOUT the dollar crashing because of hyper-inflation. See, the only reason an economic crash hasn't already happened is because the U.S. can justkeep printing more dollars (it has "world reserve currency" status) to pay it depts. But when the dollar has no value the world will go back to trading in gold and silver... THEN things will get bad. Take an economics course and you'll know all about my ramblings.
-C.J.
Last edited by CopperJacket; 03-21-2012 at 12:11 AM.
thats what iam saying, but why is gold and silver droping? i dont get it. is it because its election year and the government is trying to make everyone think the economy is getting better so they reelect obama?
I'm definitely no economics expert, only have taken one class, but this is my line of thinking as well.
CJ, not trying to break your stones but with all those spelling errors, it's very hard to focus and take what you are saying seriously. Fact is that the economy is getting better but I'm sure you won't admit that until Political edited
Last edited by desertgem; 03-26-2012 at 03:57 PM.
The economy getting better? This isn't true, at least for me and where I live. I got laid off on the first of January 2009. It took me almost two years to find another job, when I did, I worked that job for five weeks and was laid off again! From July of last year until November I was out of work AGAIN. I found another job, and guess what? BLAMMO Laid off AGAIN!! That job lasted one month. So here it is, March of 2012 and I am still looking for gainful long term employment. I've even applied to places such as Mcdonalds just SOMETHING and to no avail. So from my experience all this talk about everything getting better is hogwash. I've been living off savings for the most part or picking up odd jobs here and there to make ends meet. Now with a new daughter ( She was born March 19th) I am really hoping something breaks soon. The savings will only go so far. I have not dipped into my silver collection yet, that is a last resort.
Regardless of thespelling errors, my point could still come acrossCJ, not trying to break your stones but with all those spelling errors, it's very hard to focus and take what you are saying seriously. Fact is that the economy is getting better but I'm sure you won't admit that until PoliticalStill fixed them though...
Last edited by desertgem; 03-26-2012 at 04:06 PM.
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