Silver getting crushed today

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

  1. -jeffB

    -jeffB Greshams LEO Supporter

    Just a quick note, from one old guy to another:

    For almost any topic, there are going to be other people out there who know more about it than you do. (Nobody can know everything about everything.)

    The older you get, the greater the odds that those people will be younger than you are.

    Accepting that can be a hard adjustment, but it's worth making.
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  3. CoinCorgi

    CoinCorgi Derp, derp, derp!

    Don't trust anyone under 50!!!

    Oh, and get off my lawn!
    chascat and -jeffB like this.
  4. chascat

    chascat Well-Known Member

    Make that 60:pompous:
    -jeffB and CoinCorgi like this.
  5. longnine009

    longnine009 Most Exalted Excellency

    Here's some plucky protein to help scale the dow's wall of worry.

    Last edited: May 13, 2019
  6. ddoomm1

    ddoomm1 keep on running

    Sub-10 anyone?
  7. -jeffB

    -jeffB Greshams LEO Supporter

    I'm not betting for or against it.

    Okay, I guess I'm betting against it, because I'm not dumping all my junk silver at this price. But I'm not backing up the truck, either.
    Bman33 and ddoomm1 like this.
  8. WildWest

    WildWest Obsessive Compulsive Disarry

    Fingers crossed
  9. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    I think it depends on how much influence the commercial bullion traders have on the spot trade board of adjusters. It is going down rather fast, and the economic situations may be unsettled for several months, years ahead. Just everyone's wild guess. Jim
  10. abuckmaster147

    abuckmaster147 Well-Known Member

    So I was thinking of pulling the trigger on some silver but I am still seeing 4+ an ounce over spot for ase's Provident CC . Not trying to get political but if china withholds all earthly metals, Will that include silver and maybe see a increase?
  11. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    No. Silver, gold, etc. precious metals are not Rare earth metals. They do tend to be found together some times, but China produces 80% or so of the worlds supply. The US produces less than Estonia supplies, so the investment in Silver will not be hindered. However, many major alternate energy stocks and investments such as solar and wind will have to export more expensive generators from Europe, Canada, and Mexico, I suspect. IMO Jim
  12. Bman33

    Bman33 Well-Known Member

    I'm not backing up the truck either. It's a weird market right now.
  13. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Tomorrow may be a very interesting day as Asia seems to be continuing the fall in everything from PM -stocks-treasuries. Be interesting tomorrow to see if continues around to Europe.
  14. Bman33

    Bman33 Well-Known Member

    Au and Ag are up today while the market is tanking. We'll see if this is a trend.
  15. -jeffB

    -jeffB Greshams LEO Supporter

    Gold considerably more than silver. Guess we can count on an update to the "Playing the GSR" thread shortly. :rolleyes:
    masterswimmer, Bman33 and WildWest like this.
  16. Santinidollar

    Santinidollar Supporter! Supporter

  17. longnine009

    longnine009 Most Exalted Excellency

    Oh, I know, how about another dow climbs the wall of worry joke?

  18. Santinidollar

    Santinidollar Supporter! Supporter

    I wouldn’t read much, if anything, into today’s gold “rally.” With stocks down (6 percent for the month), the cash had to go someplace. Obviously, gold took part of the action.
  19. longnine009

    longnine009 Most Exalted Excellency

    Down 551 points, this early? Oh man, fed better get out there and slop the zombies again.
    Last edited: Aug 5, 2019
  20. myownprivy

    myownprivy Well-Known Member

    There's no reason to panic. People who sell when the market goes down are the people who harm their own financial future and make decisions they regret. You should be in it for the long run, not the short term. One month from now, or maybe 3 months, or maybe even a full year you will look back at August 2019's value of your investments and see how much higher they are today in September 2019/November 2019/August 2020 or whatever.

    Secondly, you may look at your pretty stack of gold and see it approaching $1500 per ounce, and you may be tempted to sell it to make a profit of $250 per ounce, or whatever. Let's say you have four ounces of gold that if you sold RIGHT now you profit $1000 bucks. What would you do with that thousand bucks? You certainly wouldn't put it in the market right now due to uncertainly. So what should you do? Answer: nothing. If you need to pay your mortgage and are suffering due to the market being down, sell your gold and take that $1000 profit. But besides that, don't do anything.

    chascat and Randy Abercrombie like this.
  21. Sallent

    Sallent Live long and prosper Supporter

    A very well-reasoned reply. I hope other people read it carefully. There's nothing worse than hype buying (buying when the investment has reached all time highs) followed by panic selling. That's why people mostly lose money on investments. If only they had a long term strategy.
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