What is up with PRECIOUS METALS - Kawasaki ZX-10R.net
 
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post #1 of 5 Old 09-26-2011, 02:14 AM Thread Starter
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What is up with PRECIOUS METALS

Man, i have been over the last few weeks been buying lots of silver, and in the last few days it has dropped from over $40 an ounce to $27 an ounce. Anyone else have silver? What do you think about this?
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post #2 of 5 Old 09-26-2011, 03:24 AM
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It has to do with euro economics. Not going into here but it's going to drop even further such as under $20 an oz for silver maybe as low as $10 which to god I'm hoping for. This is temporary and it going to sky rocket afterwards when euro jumps ship to a different currency. This doesn't nessacary mean you should sell now to buy more more later as the physical market is 100x smaller than the paper market which the stock market price reflects.

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post #3 of 5 Old 09-26-2011, 04:45 AM
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If you bought for under $40 you will be fine. Just give it a bit. With the rumblings in Greece and the instability in Europe as a whole things are just really shakey right now.

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post #4 of 5 Old 09-26-2011, 09:00 AM
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perfect time to buy a little extra...eh?

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post #5 of 5 Old 09-26-2011, 12:25 PM
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I only buy my silver before full moons, for more ammo........the price of everything is jacked up right now. why should silver be any different?

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