LostDutchman Posted August 16, 2007 Report Share Posted August 16, 2007 wowzer.... silver down $1.30+... and gold down $20+ Link to comment Share on other sites More sharing options...
dustin43160 Posted August 16, 2007 Report Share Posted August 16, 2007 thats good for us poor folk!!! how do you look up copper prices?? Link to comment Share on other sites More sharing options...
BigCanadianM Posted August 16, 2007 Report Share Posted August 16, 2007 Seeing how I still cant afford and ounce of gold, meh. But me likey the silver drop!!! ;) WOOT! Link to comment Share on other sites More sharing options...
jtryka Posted August 16, 2007 Report Share Posted August 16, 2007 SELL SELL SELL!!! Mortimer!!!! Link to comment Share on other sites More sharing options...
dustin43160 Posted August 16, 2007 Report Share Posted August 16, 2007 how much do you think gold will be by january?? Link to comment Share on other sites More sharing options...
BigCanadianM Posted August 16, 2007 Report Share Posted August 16, 2007 So...silver prices go down due to reasons I don't understand...everyone panics...sells...supply overshoots demand...YAY! I LOVE cheap silver! Bye-bye gold prices! Link to comment Share on other sites More sharing options...
LostDutchman Posted August 16, 2007 Author Report Share Posted August 16, 2007 i dont even know why silver and gold are getting smashed today... you would think with the stock market correcting.. that it might be a good thing for the silver and gold market...but who knows Link to comment Share on other sites More sharing options...
dustin43160 Posted August 16, 2007 Report Share Posted August 16, 2007 could you imagine 150$ for a ounce of gold!!! Link to comment Share on other sites More sharing options...
LostDutchman Posted August 16, 2007 Author Report Share Posted August 16, 2007 and to think that i bought 200 ounces of silver last night before i left... hahaha Link to comment Share on other sites More sharing options...
BigCanadianM Posted August 16, 2007 Report Share Posted August 16, 2007 and to think that i bought 200 ounces of silver last night before i left... hahaha Ouch! Link to comment Share on other sites More sharing options...
dustin43160 Posted August 16, 2007 Report Share Posted August 16, 2007 should of waited!!! Link to comment Share on other sites More sharing options...
gxseries Posted August 16, 2007 Report Share Posted August 16, 2007 Panic sell at the moment I guess but it's a bit overrated at the moment? Link to comment Share on other sites More sharing options...
dustin43160 Posted August 16, 2007 Report Share Posted August 16, 2007 anyone have any free silver??? hehe Link to comment Share on other sites More sharing options...
Scottishmoney Posted August 16, 2007 Report Share Posted August 16, 2007 What I wonder is not what so much is going to happen to gold and silver, but where is the money going from the stock market, oil market, metals etc? Link to comment Share on other sites More sharing options...
LostDutchman Posted August 16, 2007 Author Report Share Posted August 16, 2007 they might be beating up the silver and gold market to buy it cheaper with that money... Link to comment Share on other sites More sharing options...
Scottishmoney Posted August 16, 2007 Report Share Posted August 16, 2007 Well the bad news for buyers of gold and silver is that it went down, unless you had the good fortune to buy in when it was much lower. The good news if there is a bright spot, oil spot prices for Brent crude are now $70 a barrel, which is the lowest it has been in a while, and may go much lower, because the demand is just not there. The reason I think everything is going down like it is, people want to pull their money out of everything and see what gives, and then it will come back in somewhere. Link to comment Share on other sites More sharing options...
Scottishmoney Posted August 16, 2007 Report Share Posted August 16, 2007 So sorry new window seller, canna sell the stuff I was going to pay for them with, because the price tanked. So the window market gets clobbered too But now I may have to sell the 1799 Bust Dollar. Link to comment Share on other sites More sharing options...
LostDutchman Posted August 16, 2007 Author Report Share Posted August 16, 2007 ill buy it hahaha id much rather have a nice coin then silver or gold worth the same Link to comment Share on other sites More sharing options...
jtryka Posted August 16, 2007 Report Share Posted August 16, 2007 A lot of this was started by the leveraged hedge funds sitting with mortgage related debt that they can't sell for any price, and when they get a margin call they need to raise cash fast, and start selling stocks, metals, commodities and anything else not nailed down. Once they start it, then everyone else panics and we get a rush to the exits like we see today. As for $150 gold Dustin, the last time it was that cheap, I was in second grade and not a big gold buyer on my 50-cent weekly allowance! Link to comment Share on other sites More sharing options...
dustin43160 Posted August 16, 2007 Report Share Posted August 16, 2007 A lot of this was started by the leveraged hedge funds sitting with mortgage related debt that they can't sell for any price, and when they get a margin call they need to raise cash fast, and start selling stocks, metals, commodities and anything else not nailed down. Once they start it, then everyone else panics and we get a rush to the exits like we see today. As for $150 gold Dustin, the last time it was that cheap, I was in second grade and not a big gold buyer on my 50-cent weekly allowance! haha must of been nice!!! but 50 cents wasent bad back then.. Link to comment Share on other sites More sharing options...
jtryka Posted August 16, 2007 Report Share Posted August 16, 2007 50-cents wasn't very good, a coke cost 20 cents (though you got a nickel back for returning the bottle), same as a candy bar. Needless to say I could save up for something, or get a treat once a week, but that was about it. Link to comment Share on other sites More sharing options...
BigCanadianM Posted August 16, 2007 Report Share Posted August 16, 2007 You still get the same nickel for returning a can Link to comment Share on other sites More sharing options...
dustin43160 Posted August 16, 2007 Report Share Posted August 16, 2007 eh maybe get 20.00 a week and it all goes on my gf lol and i scrap around to get coins.. Link to comment Share on other sites More sharing options...
Scottishmoney Posted August 16, 2007 Report Share Posted August 16, 2007 my gf Their value drops precipitously after they are 30 years old. Unlike coins, and other collectibles the GF's never increase in value. Link to comment Share on other sites More sharing options...
dustin43160 Posted August 16, 2007 Report Share Posted August 16, 2007 haha true unless she was famous but i couldnt get that lucky!! Link to comment Share on other sites More sharing options...
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