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gold & silver keep dropping

NOAHNOAH Member Posts: 9,690
edited July 2015 in General Discussion
gold down 39.17 bucks as i write this down to 1097 oz.,oops now 1096.41

silver down .22 down to 14.73

platinum down 21.00 now 976.00

palladium down 11.50 now 606.00

how low can it go
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Comments

  • cpermdcpermd Member Posts: 5,273 ✭✭✭
    edited November -1
    Quite a bit lower
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  • JnRockwallJnRockwall Member Posts: 16,350 ✭✭✭
    edited November -1
    if jp morgan was buying it up, seems the price would go the other way
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  • NOAHNOAH Member Posts: 9,690
    edited November -1
    funny thing is that the sellers are not lowering the price of the silver eagle rounds or any metal they are staying tight on their price to sell[:(!]
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  • JnRockwallJnRockwall Member Posts: 16,350 ✭✭✭
    edited November -1
    I have noticed that as well. I have wanted to buy a 10Oz silver and after all the gimmicks its still $182ish.
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  • Don McManusDon McManus Member Posts: 23,690 ✭✭✭✭
    edited November -1
    quote:Originally posted by JnRockwall
    I have noticed that as well. I have wanted to buy a 10Oz silver and after all the gimmicks its still $182ish.


    You can get 10 OZ silver bars delivered to your house for under $ 160.00 right now. Where are you looking?
    Freedom and a submissive populace cannot co-exist.

    Brad Steele
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  • bpostbpost Member Posts: 32,669 ✭✭✭✭
    edited November -1
    Don McManus steered me to PROVIDENT METALS. I have bought from them twice and am very pleased with the service and fast shipping. I am not going to split pennies when in the accumulation mode like I am.
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  • Don McManusDon McManus Member Posts: 23,690 ✭✭✭✭
    edited November -1
    quote:Originally posted by bpost
    Don McManus steered me to PROVIDENT METALS. I have bought from them twice and am very pleased with the service and fast shipping. I am not going to split pennies when in the accumulation mode like I am.


    Right now, JM Bullion is going to save you over $ 1.00 an ounce on 10 Oz Silver Bars as compared to Provident.

    Cash price of $ 158.80 vs. $ 170.30 for one 10 oz bar, delivered.

    Note: This is JM's cheapest 10 oz bar, vs. the only one I saw on Provident's site. JM usually has a pretty good selection in stock.
    Freedom and a submissive populace cannot co-exist.

    Brad Steele
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  • MercuryMercury Member Posts: 7,840 ✭✭✭
    edited November -1
    Yep, I am going to buy a few more 10 oz bars today. They are under $158 right now. JM Bullion is the way to go!

    Merc
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  • NOAHNOAH Member Posts: 9,690
    edited November -1
    i know the bars are a bargain , but i'm talking about a 1oz silver eagle round 1 dollar coin or 1/2 dollar Kennedy's all those are staying tight on the upper scale

    you can't even find 1oz bars anymore (i don't know about JM) if they have them.
    1 oz bars are easier to sell than 10oz bars.
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  • wpagewpage Member Posts: 10,201 ✭✭✭
    edited November -1
    A balanced portfolio should have a percentage of precious and semi precious metals...
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  • onepopperonepopper Member Posts: 1,825 ✭✭✭✭✭
    edited November -1
    I took my 58th pickup load of scrap to the salvage yard today. Scrap iron, less than 1/4" thick was 40 dollars a ton. Last month it was 220 dollars a ton. I still sold it for I have been in a clean out mode for the past two years. Don't get excited Doc, none of my Martini rifles were in the load. I held off on the #1 copper, because it was only .65 a pound. The scrap yard was almost deserted. People are holding back on the scrap metal until the price increases. Please note that my supplier of silver and gold has also complained that no one is selling gold and silver at this time, even though money, that is fiat dollars, is in short supply with the layoffs and only part time jobs are available. I still say that we will be in deep dodo this fall. Amazingly, the pawn shops are loaded with guns, and the new and used car dealers have their lots overfilled, even with zero down, no interest, cash back, and 72 months to pay offered. The price of food has soared in the last six months.
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  • p3skykingp3skyking Member Posts: 23,916 ✭✭✭
    edited November -1
    Now that Greece is off the radar for another 5 years, it will go lower until Iran is attacked.
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  • allen griggsallen griggs Member Posts: 35,690 ✭✭✭✭
    edited November -1
    62_slab_zps1507a186.jpg

    I want a thousand dollar Krugerrand
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  • NOAHNOAH Member Posts: 9,690
    edited November -1
    LOOKS LIKE YOU HAVE 60k IN KRUGERRANDS[:0][:0][:0][:0][:0][:0][;)][;)]NICEquote:Originally posted by allen griggs
    62_slab_zps1507a186.jpg

    I want a thousand dollar Krugerrand
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