Might be a good time to buy silver. Update 7-11

NYSpeed Automotive NYSpeed Off Topic
21

Buy silver, and GM stock.

Depending on which way the market goes one of them is bound to go up. :slight_smile:

22

agreed people seem to think about this backwards your not buying bullion hoping price goes up you buy hoping your dollars go down so youll actually hold value in what you have. another good choice is currency man i wish i had a couple hundred thousand to invest in even canadian currency before our dollar fell. When i would goto the casino and get allmost 60% exchange i knew it was goonna fall just not as hard as it did.

23

ebay&paypale fees>taxes

24

A romantic dinner and a long walk on the beach.

Edit: Or a race prepped Porsche will do it for me too.

25

I think its stupid that you don’t have a silver car. I’m genuinely upset about it too

26

I’m just a black hearted like that.

27

did gold take a hit recently or something?

i have a couple ounces i was planning on selling a month or so ago when it was over a grand…but decided to stay patient.

we bought them YEARS ago for like $230/each…so not a bad investment thus far i guess.

28

LOL hell of an investment!!!400% over a 5-10 yr time period is great.
And silver is over $19 as I type this!!! Sure it will go back down but it is good to get above “resistance” levels as they call it.

29

and jay did never answer me why he said that about how much did I lose

30

damn went up another $.20 in the last 20 mins or about 17% in the last 3 mos.
Sorry just excited and It will probably go down after I type this.
$.20 x X,XXX ounces =:D:D:D:D:D:D:D:D:D

31

oh, you will really be smiling in the fall/winter when it is over $20/ounce

32

You mean $24:pimp:

33

A romantic dinner and a long walk on the beach.

Edit: Or a race prepped Porsche will do it for me too.[/quote]
:clap: Well Played

:lol:

34

Thought I remembered you talking about gold. Sorry.

You still smiling about your silver investments now? :wink:

Silver futures fall around 8% to their lowest level in nearly a year

September silver dropped $1.11, or 7.8%, to $13.12 an ounce on Nymex. It touched a low of $12.20 on Globex, the lowest level since August 2007.

http://www.marketwatch.com/News/Story/gold-other-metals-tumble-dollar/story.aspx?guid={07F17C22-F4C0-470A-A5D5-36C554450204}

35

^ I wouldn’t say the dollar has exactly stabilized as yet…

Which, I do believe is the reason that he was buying silver - as it is a more stable “currency”…

but IDK really.

36

Yeah, it’s hard to tell, but I’ve been seeing more and more economists saying the dollar has bottomed because this US economic slowdown is starting to hit other countries hard too.

On the flip side there are still economists saying this will be a short lived rally for the dollar.

37

LOL I was waiting for someone to bump this.Yeah My ‘holdings’ are taking a beating but since I have no plan on selling anytime soon(unless something major comes up)I bought this for looooong term.If I had some extra cash right now I would be buying even harder.

38

I am buying harder. I see this as silver on sale.

39

  1. get gas and food prices up high to get people nervous and empty their pockets

  2. get gold and silver prices up so lots of people go and sell their heirloom jewelry and silverware and such for food and gas

  3. bring down the prices so far that people who saw investment opportunity and could afford to buy in high lose their $$$ and get shaken out

  4. keep people distracted and confused with controlled media output to buy a window of time to make moves while the economy collapses around us; slightly cheaper (but still $4) gas, a slowly rising stock market, and a rising dollar index makes people a little more confident in the economy during that window to keep money out of commodities.

  5. stock up on all the PM’s that have just been refined from grandmas jewelry at the low price point

  6. drive prices back up and beyond and be the one with all the gold and silver

This what you believe as well Pen?