22 replies to this topic

[Abarvets]

Hate to say this ,,but the man who posted this is very much correct about everything except gold dropping down as low as $500.00 dollars but i do see coming down to around 8 to 9 hundred dollars !!! My family deals with metals for many years and we all bought a lot of gold when you could buy for 4 to 6 hundred an oz. and when my family told me watch gold go crazy in a few years with all scare tactics and it did and now its falling almost as fast as it rose !!!! About the iraqi dinar,,, To me if this is going to soon pop why is all the sellers dropping prices and even got lay aways to get rid of it ????? Just like the gold pumpers ,, now you can buy gold 1% over dealer costs !!! My personal belief is ,,yes the dinar will go up in value but not like what people think and gold will come back to normal prices also !!!!! I say this based on facts which we all see this going on in front of our eyes !!!!!

Jake I don't know where you can buy it for 1% over cost because that is one heck of deal. No dealers that I am aware of are selling it for that since they mostly bought on the high and have to recover cost. The only way that could happen is if they were margining.

[wpsmit]

Well said Tyron +1 ...... theres alot of truth in waht you just said there ...... it is interesting what has been happening lately with the markets.

I wonder how low this is gonna go .... right now its at about £1,033 / oz ...... if it drops anywayere near the mid £900's I'm gonna be all over it with everything I got same with silver .....

The thing that bugs me is the gold and silver I currently have is depreciating ..... if I sell it now hoping to buy back say next week at a lower price I also run the risk of missing the boat altogether and having to buy back at an even highter rate if it bounces back quicker than I thought it would lol ..... real head scratcher

Welcome to the wonderful world of precious metals speculation! Good luck playing with the big boy manipulators and trying to figure out their next move!

[vern]

I will have to disagree with the article. As an individual who works in precious metals I can tell you that demand is off the charts. Some metals I know have a 6 week wait. As far as the price dropping please be advise that they have changed the margin requirements yet again. Every time they do this the price falls. If the dollar was such a safe haven then why did France and Austria put limits on the amounts of gold and silver that you can buy in cash.
http://www.shtfplan....chases_09092011

http://www.prisonplanet.com/france-bans-cash-sales-of-gold-silver-over-600.html
Sorry not good at the link thing. The paper market on metals is manipulated. You will see a price drop before it goes to the moon. Do not panic, it is a scare tactic. If you have been around for a while think back to 2008, what happened in metals then? Price rose, demand rose, hard drop, demand did not drop. It is a wild ride but remain calm, you are going to see some crazy stuff, kind of like the dinar.

Good day my friend- where i live there isnt a 6 week waiting period and i know that Jason Hommel says there is a waiting period. I must be in a good spot. So you could be right . http://silverstockreport.com/ if your in doubt then check out this -Jason is a very good reference- Blessings Vern