Markets tank, silver down???? Silverfuturist???
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Never buy silver on paper. Always get the physical metal in your possession. These silver stocks are a scam - there is no silver reserves behind them!
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The Money Masters will not allow any safe haven away from their money monopoly. They have such overwhelming power - they can cheat and manipulate markets. Even silver. How? They sell paper silver en mass with their fake paper money, and so it 'looks' like there is all this new silver. Double or triple the total supply of silver overnight (on paper) and the price goes down.
They sell the fake paper silver to themselves, so there will not be a run on the silver certificates.
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I bought at 42, and it dropped like a rock immediately afterward. Then I bought a larger quantity at 28.60 and it's creeping back up. My average paid per ounce is 35.11.
I'm in for the long run. I predict significant gains during 2012 - 2013. This comment will either make me look clever or foolish.
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The way that silver spot acts is puzzling to me, too.
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@bc5620 If you don't know any, don't buy. I lose money on silver before juz because of all this stupid irrational people asking me to buy buy buy. When price goes up $10, they say buy. Down $5, they say buy. Down 10, 15, they say buy buy buy!!! I reckon the price will bottom once more. But I buy 3 kg of silver yesterday because I feel that the price can't go too much lower that that.
Once more, silver isn't gold. It need some time before it return to its intrinsic value.
Buy the dip, not top.
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Dude, read the freaking news. Even a monkey knows by now why silver dropped.
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There are two reasons for the drop. The first is massive market manipulation. The second is that people have been moving to dollars to escape other fiat currecies. When the dollar is strong metals get hurt. It is bogus and temporary. Buy! Buy! Buy!
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Oh! one more caveat ... I DO THINK AGQ is a good buy here .. currently @ $117.
Even if it drops another $20, when AU rebounds, so will AGQ.
I'm not worried at all.
im buying
77sporty 5 months ago
@77sporty I would be too except I haven't been making any money...I actually sold 64 oz today :-( I really didn't want to...i mean I felt sooooo bad selling it.....but with no job I had no choice...have little ones to feed.
bc5620 5 months ago