Any of you degens in the precious metals market?

[SamDiamond]

Funny to watch the market correction that is happening with gold/silver.

The debt issues in europe seem to be stablizing, and money is clearly moving out of gold and silver and into equities.

Lots of folks bet HUGE on gold, especially when everyone thought Europe was about to default.

Those folks are probably a little nervous these days.

[ChiLLx]

No reason for gold backers to be nervous with Ben and Obama behind the wheel

[easyliving]

got a large amount invested in gold, definitely making me feel nervous.

[Chi_archie]

i've stolen close to a dozen catalytic converters so I guess i'm in the platinum, palladium, and rhodium market speculation

[SamDiamond]

No reason for gold backers to be nervous with Ben and Obama behind the wheel

Chill, I think you're missing the point.

Ben/Obama's QE impact on the dolla dolla isn't what it used to be. In order for Gold to pay off, inflation is needed. And it just isn't on the horizon.

[SamDiamond]

i've stolen close to a dozen catalytic converters so I guess i'm in the platinum, palladium, and rhodium market speculation

Chi. I've gotten even worse news for you. Those metals are down more than 5%.

Recommendation. Steal more to offset your % losses in the trading market.

[Chi_archie]

Chi. I've gotten even worse news for you. Those metals are down more than 5%.

Recommendation. Steal more to offset your % losses in the trading market.

I hear ya, I got low risk tolerance though

[Russian Rocket]

I've been short gold since 1750-1780 levels...continue to keep my position intact

the picture is pretty clear on to where it's heading for now

[milwaukee mike]

every paper currency in the history of the world has defaulted, it will eventually happen to the u.s. dollar, yes there are times when gold/silver/oil/etc go down but over the course of time they HAVE to go up vs. a paper currency with huge debt

so i think someone should sleep better at night having hard assets (gold/real estate)

[RubberKettle]

I scrapped over 200 various HVAC units and boilers last year boys its all about aluminium and copper

[pavyracer]

What's the price of scrap metal? I have a ton I need to recycle.

[milwaukee mike]

What's the price of scrap metal? I have a ton I need to recycle.

http://www.scrapmonster.com/north-american-scrap-prices

[Erock87]

every paper currency in the history of the world has defaulted, it will eventually happen to the u.s. dollar, yes there are times when gold/silver/oil/etc go down but over the course of time they HAVE to go up vs. a paper currency with huge debt

so i think someone should sleep better at night having hard assets (gold/real estate)

I completely agree. I've been invested in gold since I first started investing. Times like this I am glad, and continue to invest. I consider it buying an asset at a discount compared to what I'll eventually sell it for in 35 years. If there's one thing we've learned, it's that the market is cyclical...and gold will inevitably rebound.

[greenhippo]

Have silver myself, got it at 13-13.50 oz. Only 27 so I have enough time to wait for it to hit $50+ again.

[milwaukee mike]

Have silver myself, got it at 13-13.50 oz. Only 27 so I have enough time to wait for it to hit $50+ again.

timing is everything in life, the guys that got in at $5 or even $13 are still sitting pretty while the guys that bought at $40+, not so much

[No coincidences]

I distinctly remember an argument I had with a doomsdayer after the market crashed who was thoroughly convinced that the DJIA to gold ratio would soon be 1:1. Smart guy otherwise, too.

[milwaukee mike]

I distinctly remember an argument I had with a doomsdayer after the market crashed who was thoroughly convinced that the DJIA to gold ratio would soon be 1:1. Smart guy otherwise, too.

there is so much gold sitting around, and people willing to cash it in when the price runs up, that it would be hard to get to $6000/oz that quickly ($14000/oz now) without some hyper inflation. and if there was hyper inflation, the stock market would probably go crazy to the upside too - imagine how much profit there would be to coke selling a 12 pk for $1000

[ttwarrior1]

Sam is a ghost of a former banned member. He is a lying fraud about everything he's said about me and can't wait for his live vid from my hometown where he pays some loser to spread lies. I have nothing to hide, everyone knows that.

I can't wait.

Sam doesn't have a clue what he's talking about 99 percent of the time.

This lying fraud is not to be trusted.

[Vegas39]

TT stick to going thru your Mothers purse for Twinkie money. You mooching Fukk

[greenhippo]

Someone tell fats to stop posting in Sam's threads, his internet stalking of Mr Diamond is getting scary and pretty dangerous.

[nosniboR11]

dca

[pavyracer]

Sam is a ghost of a former banned member. He is a lying fraud about everything he's said about me and can't wait for his live vid from my hometown where he pays some loser to spread lies. I have nothing to hide, everyone knows that.

I can't wait.

Sam doesn't have a clue what he's talking about 99 percent of the time.

This lying fraud is not to be trusted.

Sam Odom

[Ralphie Halves]

Long term, we're still in a "buy" program for gold. Buy the dips.

Silver, if it drops to $10, which some "experts" are predicting, I'm buying an assload of coins. If not, meh.

[Russian Rocket]

Long term, we're still in a "buy" program for gold. Buy the dips.

Silver, if it drops to $10, which some "experts" are predicting, I'm buying an assload of coins. If not, meh.

You made me laugh with a "Silver, if it drops to $10" saying...that's about a 65% haircut from today's prices...what event would trigger such a sharp decline?

[Bostongambler]

The financial affairs of this country are in total disarray . Imagine upping taxes when they are trying to get the ecconomy going.

I might add, good luck next year when ur company pays ur insurance and u have to report it as taxable income.

[spike420211]

meh. I'm in copper. Abandoned houses w/ portable bandsaw.

[Russian Rocket]

meh. I'm in copper. Abandoned houses w/ portable bandsaw.

modern day investing in the precious metal market

[RonPaul2008]

I hope all the precious metals plunge....might be a nice buying opportunity!

[milwaukee mike]

The financial affairs of this country are in total disarray . Imagine upping taxes when they are trying to get the ecconomy going.

I might add, good luck next year when ur company pays ur insurance and u have to report it as taxable income.

large employers are already reporting this (code DD in box 12 on w2) but for now it's still not taxable. some of these i'm seeing are over $20k just for insurance

[Russian Rocket]

I've been short gold since 1750-1780 levels...continue to keep my position intact

the picture is pretty clear on to where it's heading for now