Discussion in 'Bullion Investing' started by djsmalls, Mar 20, 2012.
its been going down for the last few days.... anyone know the reason?
Log in or Sign up to hide this ad.
Well, it can't always go up.
Just remember, the value of gold and silver is fixed, it is the value of the dollar that changes.
I should say that there have been a ton of doomsdayers and speculators driving up the price artificially lately. Maybe this has finally leveled off somewhat.
What goes up must come down.
Yes. I do.
Tell me more about this fixed "value of gold and silver", and how "it" manages to produce gold and silver prices that vary with respect to one another.
For bonus points, explain why, now that silver has fallen back some 30% from last year's highs, my dollars -- which must be worth close to 50% more than they were last year -- don't seem to go any farther at the grocery store.
Some would state, at least for now, the EU isn't going to implode, Iran's saber rattling is hollow, the US economy seems to moving along. At least for this week Israel isn't going to wipe out Iran. Increased world stability tends to take the wind out of gold prices some.
US economy is getting stronger and stock markets is going up. So people are moving away from PMs and back into equities.
I think its safe to say that the worst economic times are behind us. My take is that once congress has a plan to balance the budget, faith in the dollar will be restored and gold prices will sink dramatically as they did in 1980. once this happens, I will start buying.
Oh, I beg todiffer. Please explain to me how the U.S. will pay of its 15 trillion dollars of debt WITHOUT the dollar crashing because of hyper-inflation. See, the only reason an economic crash hasn't already happened is because the U.S. can justkeep printing more dollars (it has "world reserve currency" status) to pay it depts. But when the dollar has no value the world will go back to trading in gold and silver... THEN things will get bad. Take an economics course and you'll know all about my ramblings.
thats what iam saying, but why is gold and silver droping? i dont get it. is it because its election year and the government is trying to make everyone think the economy is getting better so they reelect obama?
I'm definitely no economics expert, only have taken one class, but this is my line of thinking as well.
CJ, not trying to break your stones but with all those spelling errors, it's very hard to focus and take what you are saying seriously. Fact is that the economy is getting better but I'm sure you won't admit that until Political edited
The economy getting better? This isn't true, at least for me and where I live. I got laid off on the first of January 2009. It took me almost two years to find another job, when I did, I worked that job for five weeks and was laid off again! From July of last year until November I was out of work AGAIN. I found another job, and guess what? BLAMMO Laid off AGAIN!! That job lasted one month. So here it is, March of 2012 and I am still looking for gainful long term employment. I've even applied to places such as Mcdonalds just SOMETHING and to no avail. So from my experience all this talk about everything getting better is hogwash. I've been living off savings for the most part or picking up odd jobs here and there to make ends meet. Now with a new daughter ( She was born March 19th) I am really hoping something breaks soon. The savings will only go so far. I have not dipped into my silver collection yet, that is a last resort.
Regardless of thespelling errors, my point could still come across Still fixed them though...
Responding only to ..the economy getting better...
It is not, here, in my neck of the woods. I know plenty of folks , here, in my neck if the woods, doing whatever they can find to do to make it. The few once prosperous businesses we had are long gone..
Perhaps it is getting better somewhere. But not here.
If it is getting better, I'm not seeing it.
So have you proven the US is further in debt as a percent of GDP than in the past? That is what matters, debt as a percentage of GDP. The same scare was around in the 70's, how we could ever pay off this debt.
I am simply saying your post, (changing the dollars), could have been posted for the last 70 years. I am just wondering why it is true now when it hasn't been for 70 years now. Do I think we are in good shape? No, we need to get back to consuming less, and spending less at the government level, but I still do not see it that its impossible for us to dig out of this.
Btw, please do not assume people here have not had economics courses. Economics is such a wide field 10 PhD's in econ can and will differ on any subject.
This has nothingto do with who is president. Regardless of who is in office (republican or democrat), the U.S. debt will continue to rise. There is no getting around that fact. Please do not try to bring politics into this conversation
I'm still buying- wait til the Iran situation plays out (80$/oz easy)
I agree, politics aren't needed. I also agree both parties are worthless.
For my answer to the OP, I simply think you have to look at the stock market. It has been down or treading water for quite a while, and a lot of money that would normally be in stocks has been in less typical investments. If the market starts showing gains, I think some of these other areas, (including pm), will soften. Not crash, just soften. I have been saying that for a couple of years here.
Separate names with a comma.