Gold, Silver, and Stock Market Crashes

What happens to gold and silver when the stock market crashes? Take a look at what happened in 2008:

GOLD: $980 - $720
SILVER: $21 - $9

Imagine if precious metals takes another, similar nose-dive...would you have the cash to make a big purchase?

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[Petros7373]

I don't think it could possibly happen, but if Silver tanks along with the Stock Market, I am going to place a nice big order of Silver and slap it on my JP Morgan-issued credit card...take that, banksters!

[BookofNick]

@Petros7373 Nice!

[seamoosey]

Did you happen to buy any of the silver keiser coins? I did months ago and so far nothing. I haven't seen anyone revealing them on youtube nor have I heard of anyone receiving them. Have you heard anything?

[BookofNick]

@seamoosey I saw 1beinki talking about them, but haven't seen any videos of one in an investor's possession.

[RenegadeTimes]

Not going to 20. You better get in my friend. You wait for 20 you're gonna be dissapointed. have to disagree ~

[BookofNick]

@RenegadeTimes It's okay, I'm in. Just sharing my current purchasing strategy!

[DigitalSkyline]

Try buying silver coins on ebay if you want the real market price. It's not going back to $20, IMO you're way off on that call. But good luck. I think we'll see $50 before we see $20 again. Just IMO.

[SGTbull07]

The Banksters were able to take the metals down in 2008 - 2009 because they still had full control of their PAPER manipulation arsenal. They've lost control now - the Chinese know what's up, we all know what's up. The men behind the curtain have been revealed!! This IS KEY. Their paper games are no longer working - PHYSICAL is king!

[jayangli]

@bc5620 yeah your so successful!

[bc5620]

@jayangli don't mean no disrespect but do you speak english???? I did say when you sell your silver to a coin shop they will pay you under spot....how long you want to hold is up to you man....don't expect people to hold your hand through everything in life....make your own judgement.

[jayangli]

@bc5620 hm, last time i went to a shop, they gave me their prices, not the spot price. how long do you want to hold gold and silver for?

[bc5620]

@bc5620 how have I dodged your question? I've answered all your question...back track and see that I have answered. If you need to sell your gold or silver there's no promise that you will get spot price...generally speaking if you goto a coin shop they will charge you a buck or two under spot for silver I am not sure about gold. You can sell your metals in many different places...ebay, coin shop, craigslist etc.....this is really simple knowledge.

[jayangli]

@jayangli probably better than holding cash if we are in etfs.

[jayangli]

@bc5620 yes, but no one can seem to answer me if gold is around 1500. where do we go to sell our gold today at that spot price. hmm, sounds very dodgy to me pm investment. if you can find me a buyer who will buy my gold for that spot price, if not. why not etfs. all stocks including etfs of pm are paper.

[bc5620]

@jayangli if you invest in etfs you don't have the REAL silver...it's just a piece of paper.

[jayangli]

@bc5620 so dont invest in etfs?

[bc5620]

@jayangli yes spot price does determine the price of physical silver; however, due to massive etf contracts being sold (paper) it's a unfair to use the paper price on physical since there's nowhere near enough physical silver to back the paper silver.