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(Marketwatch)   Gold falls below $1,300. Is it time to invest in silver? Traders still say either ore   (marketwatch.com) divider line 46
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1048 clicks; posted to Business » on 18 Aug 2014 at 9:23 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



46 Comments   (+0 »)
   
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2014-08-18 07:40:44 PM  
You win.
 
2014-08-18 08:01:47 PM  
Gold will remain a decent investment as long as there are idiots in commodity trading markets.
 
2014-08-18 08:06:32 PM  

bronyaur1: Gold will remain a decent investment as long as there are idiots in commodity trading markets.


AKA right wing radio listeners
 
2014-08-18 08:43:53 PM  

ZZ9 Plural Z Alpha: bronyaur1: Gold will remain a decent investment as long as there are idiots in commodity trading markets.

AKA right wing radio listeners


Bingo.
 
2014-08-18 09:29:49 PM  
Maybe people wised up to the contradiction of being told; "Money will be worthless soon, we will be happy to take your soon to be worthless money for Gold that is totally not worthless."

Probably not, but one can dream.
 
2014-08-18 09:40:24 PM  

bronyaur1: Gold will remain a decent investment as long as there are idiots in commodity trading markets.


Meh. It's better now than a few years ago at $1,700 per ounce. Still wouldn't buy any (real estate is still a better inflation hedge IMO, if you are truly worried about very significant inflation) but I wouldn't short it at this point either.
 
2014-08-18 09:49:53 PM  
Last weekend I (seriously) heard a commercial on AM radio saying GOLD IS NOW ON SALE! BUY NOW! DON'T MISS OUT!
 
2014-08-18 09:58:04 PM  
All my money is invested in Barcelona chairs.
 
2014-08-18 10:04:11 PM  
Pork bellies would have far out-performed either.  I think they pulled them off the exchange around mid-to -late 2000-ish right when I was about to put all my money on it.  Fark you Chicago Futures Exchange.
 
2014-08-18 10:05:05 PM  
My favorite was a grocery clerk talking up some guy in business casual checking out, then the clerk throws in how amazing gold investment is right now and he's looking forward to getting into some himself.

I wanted to hand him the burger king cashier meme
 
2014-08-18 10:07:08 PM  

Garaba: Maybe people wised up to the contradiction of being told; "Money will be worthless soon, we will be happy to take your soon to be worthless money for Gold that is totally not worthless."

Probably not, but one can dream.


Well, I heard a new one today on the radio.

"Just recently, silver was at its highest spot price of the year, at twenty-two dollars an ounce. Our experts predict that silver could more than double, to FIFTY DOLLARS an ounce.  We're happy to send you our report, available at no cost, but only for a limited time.  And to show how serious we are, we'll GIVE you, absolutely FREE, a one gram solid pure silver bar.  There's no obligation.  Even if you don't buy from us, you can keep the silver bar, but we're confident you won't find a better precious metals dealer anywhere else."

I can imagine Gramps ordering his free report and opening the envelope, expecting a troy ounce silver bar, like this:

bloximages.newyork1.vip.townnews.com

and instead finding a Tic-Tac sized one gram bar

community.ebay.com
 
2014-08-18 10:09:23 PM  

bronyaur1: Gold will remain a decent investment as long as there are idiots in commodity trading markets.


less is more sometimes.
 
2014-08-18 10:13:00 PM  

TommyymmoT: Last weekend I (seriously) heard a commercial on AM radio saying GOLD IS NOW ON SALE! BUY NOW! DON'T MISS OUT!


My only problem with that is it's not cheap enough yet. If it gets near $800 or silver gets below $12, that's go time for sure. I last bought bulk silver at $13. Should have sold at $50
 
2014-08-18 10:13:10 PM  

Parthenogenetic: Garaba: Maybe people wised up to the contradiction of being told; "Money will be worthless soon, we will be happy to take your soon to be worthless money for Gold that is totally not worthless."

Probably not, but one can dream.

Well, I heard a new one today on the radio.

"Just recently, silver was at its highest spot price of the year, at twenty-two dollars an ounce. Our experts predict that silver could more than double, to FIFTY DOLLARS an ounce.  We're happy to send you our report, available at no cost, but only for a limited time.  And to show how serious we are, we'll GIVE you, absolutely FREE, a one gram solid pure silver bar.  There's no obligation.  Even if you don't buy from us, you can keep the silver bar, but we're confident you won't find a better precious metals dealer anywhere else."

I can imagine Gramps ordering his free report and opening the envelope, expecting a troy ounce silver bar, like this:

[bloximages.newyork1.vip.townnews.com image 300x417]

and instead finding a Tic-Tac sized one gram bar

[community.ebay.com image 400x352]


My um ... ahem ... non-intellectual right-wing stepfather is on many "sucker lists". Some charities will send YOU a check, coin, or stamps when asking for a donation. I would love to write back and ask, "If they can afford to give away junk to rich(er) people, then why do they need money to help their cause?"

The answer (of course): Its a scam.

Bonus: FIND OUT HOW OBAMA IS SURRENDERING OUR COUNTRY TO ISLAMIC SATANIC TERRORISTS! PLEASE HELP!
 
2014-08-18 10:17:38 PM  

Triumph: TommyymmoT: Last weekend I (seriously) heard a commercial on AM radio saying GOLD IS NOW ON SALE! BUY NOW! DON'T MISS OUT!

My only problem with that is it's not cheap enough yet. If it gets near $800 or silver gets below $12, that's go time for sure. I last bought bulk silver at $13. Should have sold at $50


They were running the same commercial when gold was at $1500.
 
2014-08-18 10:18:32 PM  
I still have my pumpkin futures.
 
2014-08-18 10:26:34 PM  
 
2014-08-18 11:02:04 PM  
I invested in cardboard when it was $0.03 a ton.....up to $0.05 a ton....got 5 tons.....you do the math......

/only have to keep 3 tons at home....
//not the least bit obscure
 
2014-08-18 11:02:09 PM  

Prophet of Loss: Bonus: FIND OUT HOW OBAMA IS SURRENDERING OUR COUNTRY TO ISLAMIC SATANIC TERRORISTS! PLEASE HELP!


Yeah, but some folks in the Tea Party may believe that to be true!
 
2014-08-18 11:09:16 PM  
Gold is fine, but I prefer to invest in aluminum. I drink a lot of beer and keep the empties in my garage. One day when the aluminum market shoots sky high, I'm going to be so farking rich, my butler will have his own butler.
 
2014-08-18 11:26:34 PM  

BalugaJoe: I still have my pumpkin futures.


screw you. Now I want pumpkin pie.  Get out of my head!
 
2014-08-18 11:48:24 PM  

Parthenogenetic: Garaba: Maybe people wised up to the contradiction of being told; "Money will be worthless soon, we will be happy to take your soon to be worthless money for Gold that is totally not worthless."

Probably not, but one can dream.

Well, I heard a new one today on the radio.

"Just recently, silver was at its highest spot price of the year, at twenty-two dollars an ounce. Our experts predict that silver could more than double, to FIFTY DOLLARS an ounce.  We're happy to send you our report, available at no cost, but only for a limited time.  And to show how serious we are, we'll GIVE you, absolutely FREE, a one gram solid pure silver bar.  There's no obligation.  Even if you don't buy from us, you can keep the silver bar, but we're confident you won't find a better precious metals dealer anywhere else."

I can imagine Gramps ordering his free report and opening the envelope, expecting a troy ounce silver bar, like this:

[bloximages.newyork1.vip.townnews.com image 300x417]

and instead finding a Tic-Tac sized one gram bar

[community.ebay.com image 400x352]


I just want to get the "free report and free one gram bar" just to have a gram of pure silver kicking around.

Who knows, I may need to clad something.
 
2014-08-19 12:11:26 AM  
It's always seemed weird to me that silver is valued less than gold. One of these two is industrially useful.
 
2014-08-19 12:20:24 AM  

brap: Pork bellies would have far out-performed either.  I think they pulled them off the exchange around mid-to -late 2000-ish right when I was about to put all my money on it.  Fark you Chicago Futures Exchange.


I'll stick frozen concentrated orange juice.
 
2014-08-19 12:21:03 AM  

ScaryBottles: brap: Pork bellies would have far out-performed either.  I think they pulled them off the exchange around mid-to -late 2000-ish right when I was about to put all my money on it.  Fark you Chicago Futures Exchange.

I'll stick with frozen concentrated orange juice.

 
2014-08-19 12:24:06 AM  

rwdavis: It's always seemed weird to me that silver is valued less than gold. One of these two is industrially useful.


Iron is more useful than silver.
 
2014-08-19 12:39:35 AM  

rwdavis: It's always seemed weird to me that silver is valued less than gold. One of these two is industrially useful.


They both are.  There are uses for each for which no other substance can adequately substitute.
 
2014-08-19 12:40:24 AM  
either ore wasnt funny the first time
 
2014-08-19 03:46:17 AM  

Atomic Spunk: Gold is fine, but I prefer to invest in aluminum. I drink a lot of beer and keep the empties in my garage. One day when the aluminum market shoots sky high, I'm going to be so farking rich, my butler will have his own butler.


Hope those butlers and butler butlers are cheap because you're just a tetra pak away from ruin. On the bright side, liter size beer!
img.fark.net
 
2014-08-19 07:42:35 AM  

mrlewish: rwdavis: It's always seemed weird to me that silver is valued less than gold. One of these two is industrially useful.

Iron is more useful than silver.


Water is also industrially useful. Sand, too.
 
2014-08-19 07:51:47 AM  
If silver is so hot, how come my silver mine stocks are so stagnant?
 
2014-08-19 08:57:39 AM  
Water is also industrially useful. Sand, too.

  I heard about someone once that had sand.
 
2014-08-19 09:10:05 AM  
These things drive me crazy. I mean your house has usable value, your car has usable value, but if the economy truly seizes up what good would gold do you? You can't use it, eat it, and probably wouldn't be able to sell it because no one would be able to afford to buy it.

I say invest in land, which has value to live on and grow on. Ohh and beer because if the world economy goes to hell you'll probably need one.
 
2014-08-19 09:16:36 AM  
I just looked up gold prices on CNN, and it has been bouncing above and below 1300 for more than a year.  How is this news?
 
2014-08-19 09:43:54 AM  

BalugaJoe: All my money is invested in Barcelona chairs.


Those look cool, but they are surprisingly uncomfortable because they have no armrests.  It seems like a little thing, but it's actually quite annoying not to have armrests.
 
2014-08-19 09:54:49 AM  

Rapmaster2000: BalugaJoe: All my money is invested in Barcelona chairs.

Those look cool, but they are surprisingly uncomfortable because they have no armrests.  It seems like a little thing, but it's actually quite annoying not to have armrests.


That's why I've invested in Adirondacks.
 
2014-08-19 10:50:46 AM  

rwdavis: It's always seemed weird to me that silver is valued less than gold. One of these two is industrially useful.


Blame the periodic table.
 
2014-08-19 11:48:09 AM  

Dudezilla: [www.wearysloth.com image 320x240]
zinc


Time to sell zinc.
www.kitconet.com

/got no zinc to sell.
 
2014-08-19 01:02:23 PM  
HOTY caliber.  Good job Subby.
 
2014-08-19 02:16:41 PM  
Water, food, bullets and gas are good things to store for emergencies. After that, maybe I'd get a grand or two of gold. Maybe.
 
2014-08-19 03:22:23 PM  

ajgeek: Parthenogenetic: Garaba: Maybe people wised up to the contradiction of being told; "Money will be worthless soon, we will be happy to take your soon to be worthless money for Gold that is totally not worthless."

Probably not, but one can dream.

Well, I heard a new one today on the radio.

"Just recently, silver was at its highest spot price of the year, at twenty-two dollars an ounce. Our experts predict that silver could more than double, to FIFTY DOLLARS an ounce.  We're happy to send you our report, available at no cost, but only for a limited time.  And to show how serious we are, we'll GIVE you, absolutely FREE, a one gram solid pure silver bar.  There's no obligation.  Even if you don't buy from us, you can keep the silver bar, but we're confident you won't find a better precious metals dealer anywhere else."

I can imagine Gramps ordering his free report and opening the envelope, expecting a troy ounce silver bar, like this:

[bloximages.newyork1.vip.townnews.com image 300x417]

and instead finding a Tic-Tac sized one gram bar

[community.ebay.com image 400x352]

I just want to get the "free report and free one gram bar" just to have a gram of pure silver kicking around.

Who knows, I may need to clad something.


Or shoot a weremosquito.
 
2014-08-19 03:36:14 PM  
I'm still holding out for my weed stock to be worth a fortune
 
2014-08-19 05:10:29 PM  

BalugaJoe: I still have my pumpkin futures.


For God's sake, sell before October 31.
 
2014-08-19 09:20:41 PM  

flondrix: I just looked up gold prices on CNN, and it has been bouncing above and below 1300 for more than a year.  How is this news?


Because demand from China is insatiable....according to the loud man on late night radio for the past 3 years.
 
2014-08-19 09:24:33 PM  

Smeggy Smurf: I'm still holding out for my weed stock to be worth a fortune


Which one ya got?

weed stocks
 
2014-08-20 07:19:50 AM  
I've always been a fan of looking at the ratio between gold and silver. (The number of ounces of silver you need to buy an ounce of gold.)

About a decade ago, the Ag:Au was about 80:1. I loaded up on silver. When it dropped to 50:1 about 5 years ago, I swapped the silver for gold. When it hit 65:1, I swapped back.

So I have (virtually) no gold and lots (and lots) of silver. The problem with buying silver is that with the ratio at 65ish to 1 is that you get a LOT of silver for your money.

You can easily hold $25,000 in gold in the palm of your hand. That much in silver? 80 FREAKING POUNDS. If you need to GTFO, a 20 coin tube of Krueggerands is MUCH easier to haul around...

But right now? If you're going to buy precious metals, buy silver. And follow the three rules about buying precious metals:

1) Take delivery.
2) Take delivery.
3) Take delivery.
 
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