Brace Yourself!!

Brace for Big Drop If Gold Breaches This Level


According to CNBC, gold is at a technical tipping point. If we work through sequestration and the world economy continues to improve, we could see a big drop in PMs as money flows into more lucrative investments. George Soros is leading the way...

 

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Gotta love cnbc, if gold falls $15 its on the verge of collapse

 

Let's pray that don't happen.........:devil:

 

I'd be very happy if precious metals dropped 50% or so. The market has been going up for the last 3 years or so! I have a nice collection, but I don't mind taking a temporary hit on it, if I can buy more at lower prices. In the long run, I know my collection will be worth a lot more.

Things on my to-buy list:

2009 Ultra high relief
An RCM 100 oz silver bar
at least a tube each of the most commonly issued govt silver. (maples, philharmonics, pandas etc)
some old us gold coins

At today's prices, I can barely afford any of these...

 

aka Judenrat

 

It seems to me that the economy will not get much better unless debt is greatly reduced. Congress and the President do not work well together. We may see a lot of political haggling, then a weak compromise that still leaves the US with enormous debt. This is the pattern we have seen and will probably continue to see till at least 2016. I am moderately bullish on gold for the next 4 years, and very bullish on silver.

 

I hope it does drop a few hundred at least. I need to move more into gold for any PM purchases. I love silver, love buying it, but gosh dang it the SDB sure is a major pain to move nowadays. If I don't stop, someone on CT will be posting a link from the Minneapolis Star Tribune, "local man crushed to death while moving SDB full of silver and coins".

I bet you most of the posts will be asking what happened to all of the silver and coins........

 

Care to elaborate?

 

I hope silver gold even platinum drop quite a bit, I will load up, I don't plan on selling anytime soon im young and would just give them to my kids to keep when im a old man, eventually they will be worth a lot.

 

I agree! Whatever is going to happen to the value of the Dollar is going to happen. It would be nice if gold dropped back to the $600/Oz range for a while so we can load up.

The funny thing is...if gold ever dropped back to $600/Oz, everyone will say you're a fool to buy at such a high price! :rolling:

 

I'm certainly no fan of George Soros' political ideology, but that certainly was an unfortunate comment.

 

"...It seems to me that the economy will not get much better unless debt is greatly reduced."


Repeat after me, "it is IMPOSSIBLE to reduce the debt when we are running an annual deficit in the multi-billion range." And the only factor holding things together is the ultra-low interest rates supported by the Fed's machinations. I seem to recall that for every 1% that interest rates rise, the deficit (associated primarily with higher interest rates on new Treasury paper) will increase $400 billion; that may be outdated now, I'd like to see a new estimate.


And the minute QE (or the current name) stops, the entire economy begins to collapse. Yes, as a matter of fact we ARE screwed, and the best you and I can hope for is to preserve our trivial purchasing power by holding (NOT trading) PMs.

​

 

You're right! ...but as long as we continue the "illusion" of prosperity, money will likely flow out of PMs and into stocks...which I hope will be a PM buying opportunity for little guys like us.

 

I don't know what to think about stocks - I can make a strong argument either way, for stocks plunging (or soaring) over the next two years. Certainly if the dollar weakens (another head scratcher), corporations relying upon exports for earnings will lead the market down.

I am looking for an excuse to sell all my stocks and buy junk silver.

 

What about those foreign stocks, or stocks making most of their money overseas? I own very few stocks with my after tax play money that get almost all earnings in the US. I prefer those stocks making money overseas, that when brought back here would be inflated if this currency declines.

I would not want to be a holder of bonds in this environment, but prudent stocks i do not believe are unwise.

 

Stay balanced (diversified) and follow interest rate and energy trends. As long as interest rates are low and energy prices are falling, I would stay overweight stocks. :thumb:

Bonds are risky now (imo) and PMs will likely fall over the next year or so...assuming the "fiscal can" gets kicked down the road (most likely scenario).

It's all about the 2014 Congressional elections!

 

You got that right! As far as Presidents and Congress goes I've never seen it get this bad before. Luckily we have Republicans in office like Chris Christie who are honest with the public and don't mince words. The economy is coming back just like it should and as it gets better the price of PM's goes down. We all know this, it's not brain surgery or anything. Nothing to worry about really, just have some money ready to buy, buy and buy some more.

 

Foreign corporations facing their trading partners' devaluations will see their sales fall drastically. If a Chinese umbrella costs $6 today, no American is going to pay $12-15-18 for one. Every foreign country is subject to this currency malaise, and everyone's exports will suffer, one way or another.

U.S. automakers' stocks may surge, as even a 10% hit on the dollar will price imported cars out of the comfort range of consumers. My guess is that most of our trading partners are now technically bankrupt, just like we are. China may be solvent, although we will never know the true numbers because everybody's cooking the books. That won't help them if they don't have customers to maintain that huge trade surplus.

 

The journey downward continues...abated...

 

I'm all for the plunge, provided it takes silver along for the ride. At $26, I would find silver irresistible, and destined for my SDB.