The Fall Continues

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Can you clarify this for someone who had to Google "SDR"? It looks to me like it's already a basket...?

 

what happened when the boys in new york went to work?

 

I suspect ( from previous attempts of various nations), it is more to dilute the influence of the USD rather than increase stability at this point of history.Here is a comment on the USD. If one truly thinks another currency is better for the future, buy it with your USD.

http://www.marketwatch.com/story/gold-crashes-and-is-now-tarnished-for-good-2014-09-22?siteid=yhoof2

 

Well, I imagine they rolled up their sleeves (Quincy) and got right on it........

 

Remember the Weimar Republic.

 

Yes, I agree....Remember...IF one reads fair pieces and not just the output of hard money enthusiasts. Ask them to explain and they only mention the hyperinflation, and not the social and political conditions that followed a defeated Germany and lead to the hyperinflation. Any further discussion would enter into the realm of politics and is not desired here, so you would have to search out the online articles yourself as I have done and judge for your self.

 

yeah, because it takes a wheelbarrow full of silver to buy what 1/4 of it used to. that was your point right? derp

 

It's a secret code utilized between us central bankers to covertly send messages to one another on bullion boards to signal a coordinated attack on bullion. We found it best to do it right under the nose of the hard asset euphorians where nobody would suspect we'd run our secret signals.

 

That explains it. Game, set, match........

 

Just check "The Official Eminem Dictionary", I'm sure its there.

 

Hopefully the fall will be over soon, and it may creep back up again. We'll see...

 

I bought some silver several years ago when it was $30-34/toz. I'm not too worried about the current drop in silver prices because I am in it for the long term. I'm only 24, so I guess I can wait a while before prices go up. I'm still buying some silver here and there.

 

One thing to also watch for is the ratio at which these metals are dropping against one another. It was only a few months ago that there was around a $200 spread where platinum was above gold. Platinum is getting close to matching the price of gold. If that happens, I will be looking to convert some of my gold to platinum. Not all of it, but it'd be a good swapping opportunity if you believe platinum will outpace gold in the future.

As silver is falling faster than everything, I am also tending to skew towards silver for now. If/when silver comes back up, it's likely it'll go up faster than gold, and I can trade the silver for gold.

That's my novice tip of the week.

 

It seems to be up a bit this morning. Maybe they were right when they predicted $16.70 as the bottom. Maybe not... We'll see at today's close.

 

I'm in the exact same boat as you. Bought a decent amount when it was in the mid $30 range and started to worry as the price kept going lower and lower. But now with these lower prices we can lower our avg cost per oz. and like you I'm in my mid 20's and am in it for the long haul. So I will keep buying a little bit here and there and just wait for the next run up in price.

 

I bought at $5 an ounce or less, and then up to around $20, then waited a while, with a few purchases over $20, but not too many and then last week I bought a bunch at $17.02. I hope it comes back up, but I noticed that it may be sinking again...