Silver and Gold falling?

Today my expectation for an up day for PM didn't occur. Even with the USD low @ 79.3 +/- and the euro/USD @ 1.33 +/- there was little buying of gold in the foreign markets. My suspicion is as Coloradotokens says, more emphasis towards stocks, even in foreign markets. Luckily, people are given a fairly level market to make their decision on directions. I personally think that the overseas desire and market for gold due to cultural effects has been very much overestimated. All IMO.

Jim

 

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That is fine to think Jim, I just know I own at least 5 ounces of it due to Asian culture that I cannot sell, but would have never bought. This was light, as she has friends who were given 10 or 15 ounces of it on their wedding day. Doesn't sound like much, but India is even crazier in this regard for gold to have to be part of every wedding.

Just my 2 cents.

Chris

 

Note to self;

Marry Asian/Indian chick.

TY, Sir!

 

Erm, if you do, YOU are the one buying the gold. Reverse dowry in those cultures.

 

Uh, screw that.

Marry my white girlfriend with rich parents, got it.

 

Chris, I do understand your situation, but if the marriage is between native partners, usually it is a shift of gold from one to another, and not always a "new buy" necessity unless like your case. I don't know if it is so in India, but a Chinese friend said that it is considered "old country" by today's Americanized families. I am sure she is worth her whole weight in Gold !!!

 

I think they may be coming down soon. These markets are cylical and what goes up must come down.

 

Jim, I greatly value your opinion and completely agree with you. But, we could both be wrong. I only speculate, and invest only what I can afford to lose in what I believe is the best investment at the time.