Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. Clawcoins

    Clawcoins Well-Known Member

    thus my reference to "fire and fury" ... lost humor ...
     
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  3. Santinidollar

    Santinidollar Supporter! Supporter

    Gold up $12 plus. International conflicts tend to do that.
     
  4. Bman33

    Bman33 Well-Known Member

    Hadn't had any coffee when I saw that. Now I have had 3!
     
  5. sakata

    sakata Devil's Advocate Supporter

    It is not up so much yet. Only 3% in the last 24 hours. Don't get too excited. The more it goes up the more it will go down on the correction. I remember a daily drop of 9% in the past.
     
  6. abuckmaster147

    abuckmaster147 Active Member

    Dump that stock market, And buy secure gold and silver, Up Up and away overnight!
     
    Johndoe2000$ likes this.
  7. Clawcoins

    Clawcoins Well-Known Member

    well, the threat of thermonuclear war has an effect on the global stock markets.
    [​IMG]

    Just think what would happen if ...
    Samsung, Hyundai (Heavy industries not just cars), Kia, Posco, LG, Hynix were to stop functioning even for a short time.
     
    Johndoe2000$ likes this.
  8. sakata

    sakata Devil's Advocate Supporter

    Well, they wouldn't need as much silver. So silver should be going down. :D
     
  9. mpcusa

    mpcusa "You break it you buy it" Supporter

    Boy, the market is in a real up swing, everything making significant gains :)
     
  10. abuckmaster147

    abuckmaster147 Active Member

    Can someone enlighten me on ounces = # Please? I know no politics but Fire & Fury! sure sounds a lot like someone else's Shock & Awe!! Ho Hum .
    JON
     
  11. Johndoe2000$

    Johndoe2000$ RE-MEMBER

    12 ounces = 1 troy pound. "Not" 16 ounces as most things are considered a pound
     
  12. sakata

    sakata Devil's Advocate Supporter

    1 troy ounce = 31.103 gms
    1 avoirdupois ounce = 28.350 gms.

    1 troy pound = 12 troy ounces = 373.242 gm
    1 avoirdupois pound = 16 avoirdupois ounces = 453.592 gm

    So a troy ounce is about 10% heavier than an avoirdupois ounce but a troy pound is about 18% lighter than an avoirdupois pound.

    Those are the numbers and I don't have a clue why it is that way. I've done my bit so now you can do your bit and research a reason why and let us know. :)
     
    Last edited: Aug 10, 2017
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  13. Clawcoins

    Clawcoins Well-Known Member

    Bakers Dozen of ASEs ...
    :)
     
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  14. Santinidollar

    Santinidollar Supporter! Supporter

    Considering what is driving up PMs prices, I would prefer to temper my enthusiasm.
     
    -jeffB likes this.
  15. abuckmaster147

    abuckmaster147 Active Member

    When "avoirdupois" first appeared in English in the 15th century, it carried a meaning of "goods sold by weight," which is also the meaning of its Middle English predecessor, "avoir de pois." That term derives from an Anglo-French phrase meaning "goods of weight." Today, "avoirdupois" most commonly refers to the system of weight measurement used for general merchandise, in which the pound is equal to 16 ounces, the ounce 16 drams, and the dram 27.344 grains. (Some other weight systems are apothecaries' weight, used to measure pharmaceutical items, and troy weight, used for precious metals.) It was Shakespeare, in his play Henry IV(1597), who first used "avoirdupois" to mean "heaviness."
     
  16. abuckmaster147

    abuckmaster147 Active Member

    National Security Adviser H.R. McMaster played down the risk on Sunday of the rhetoric escalating into conflict.
    World stocks rallied on Monday as investors took heart from the less bellicose rhetoric.
    And we are going down again!!!.
     
  17. mpcusa

    mpcusa "You break it you buy it" Supporter

    Just think what would happen to prices if someone actually did something !
     
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  18. Santinidollar

    Santinidollar Supporter! Supporter

    I'd prefer not.
     
    Nathan401 likes this.
  19. sakata

    sakata Devil's Advocate Supporter

    Yeah, $200 silver and no way to sell it because the entire system will be down.
     
  20. mpcusa

    mpcusa "You break it you buy it" Supporter

    Like everybody i hope it doesnt come to that however when you have some nut
    Hovering around the "Nuke all button" you never know what to expect !
     
  21. abuckmaster147

    abuckmaster147 Active Member

    Ouch!! Down .44 already this morn.
     
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