I'm the infamous Fred of GIM - Jewboo kindly turned over his account to me.
No tears here. I am glad gold is down. Makes it more affordable to plan for future monetary demise. I bought way below today's prices anyway, and if I hadn't, I would still feel ok because I bought to prepare, not to make a buck off of an investment. I believe it will be back up and perhaps soon but it will probably inch it's way up over the next 2 years barring some monetary event.
People should be buying now. the asians are.
Blink (30th December 2013),mick silver (28th November 2013)
I think the last time I bought some Gold it was about around the same at is it is here.
Feels about the right price, may have to eat some more.
To post this in this manner tells me that you have absolutely no clue about gold, the gold market and what gold investment means. Really this is a very ignorant post. And don't ask me to explain it. You obviously have not been paying attention to information posted here or on numerous other web sites.
Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon
You've missed the larger point. This is not about silver. This is all about gold. Suffice to say, gold is not a freely traded market. At this point in time and history, the gold price is meaningless. If you have to convert gold to dollars, then you are unlucky. If you buy physical gold at these prices, you will be very happy in 2-3 years.
Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon
mick silver (28th November 2013),zap (30th December 2013)
You are a child playing with matches, demanding that I intervene.
http://media.resourceinvestor.com/re...verRatio-2.png
No, I'm being acute.
Had you sold gold at 60 times more than silver, you would've stood more to gain buy selling it again here at 60 times more than silver.
And then just keep purchasing more silver, until it reaches its mean level 1/32 of Gold.
Then when it does that you can slay all the Gold holders, and once again allow the people themselves rule the planet.
As they did pre 1900s in free markets.
I believe my eyes.
http://s16.postimg.org/rfc63ramb/11_...3_41_22_AM.png
People who believe in this are all idiots though. They don't understand the fundamentals.