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Gold and silver. Discuss - Page 3

post #31 of 289
Quote:
Originally Posted by mikeman View Post
How about a hedge against inflation? The fiat currency we have is garbage, why not invest in real money?

*yawn*
post #32 of 289
ll

Edited by Nosu3 - 11/15/11 at 12:22pm
post #33 of 289
Quote:
Originally Posted by Nosu3 View Post
+1.
Too much faith in an unstable system.

Where to purchase the gold and silver coins?

Um, I like Scottsdale Silver for some little bars, can be a little pricey. I JUST placed an order with Miles Franklin and have great service and better pricing on ASE or Maples than Apmex. Own any silver now?
post #34 of 289
I've been putting all my spare cash into cocaine futures. With Colombia getting out of the business, there's going to be a global shortfall, and I'll make out like a bandit.
post #35 of 289
Anyone know an easy way for someone in the UK to buy silver, gold and other commodities online? I've got an online share trading account, but no idea how to trade in goods :S
post #36 of 289
Quote:
Originally Posted by Gibonius View Post
The price of gold since 1974:


What happened to make gold jump and fall so fast in 1980?

Edit- Nothing is coming up from a quick wikipedia search.
post #37 of 289
The question is; is anyone borrowing massive amounts of money to fund their gold position? If so we should gtfo now before it bursts.
post #38 of 289
Quote:
Originally Posted by deveandepot1 View Post
What happened to make gold jump and fall so fast in 1980?

Edit- Nothing is coming up from a quick wikipedia search.

Table of Historical Inflation Rates by Month and Year (1914-2010)

Year\tJan\tFeb\tMar\tApr\tMay\tJun\tJul\tAug\tSep\tOct\tNov\tDec\tAve

1970\t6.2\t6.1\t5.8\t6.1\t6.0\t6.0\t6.0\t5.4\t5.7\t5.6\t5.6\t5.6\t5.7
1971\t5.3\t5.0\t4.7\t4.2\t4.4\t4.6\t4.4\t4.6\t4.1\t3.8\t3.3\t3.3\t4.4
1972\t3.3\t3.5\t3.5\t3.5\t3.2\t2.7\t2.9\t2.9\t3.2\t3.4\t3.7\t3.4\t3.2
1973\t3.6\t3.9\t4.6\t5.1\t5.5\t6.0\t5.7\t7.4\t7.4\t7.8\t8.3\t8.7\t6.2
1974\t9.4\t10.0\t10.4\t10.1\t10.7\t10.9\t11.5\t10.9\t11.9\t12.1\t12.2\t12.3\t11.0
1975\t11.8\t11.2\t10.3\t10.2\t9.5\t9.4\t9.7\t8.6\t7.9\t7.4\t7.4\t6.9\t9.1
1976\t6.7\t6.3\t6.1\t6.0\t6.2\t6.0\t5.4\t5.7\t5.5\t5.5\t4.9\t4.9\t5.8
1977\t5.2\t5.9\t6.4\t7.0\t6.7\t6.9\t6.8\t6.6\t6.6\t6.4\t6.7\t6.7\t6.5
1978\t6.8\t6.4\t6.6\t6.5\t7.0\t7.4\t7.7\t7.8\t8.3\t8.9\t8.9\t9.0\t7.6
1979\t9.3\t9.9\t10.1\t10.5\t10.9\t10.9\t11.3\t11.8\t12.2\t12.1\t12.6\t13.3\t11.3
1980\t13.9\t14.2\t14.8\t14.7\t14.4\t14.4\t13.1\t12.9\t12.6\t12.8\t12.6\t12.5\t13.5
1981\t11.8\t11.4\t10.5\t10.0\t9.8\t9.6\t10.8\t10.8\t11.0\t10.1\t9.6\t8.9\t10.3
1982\t8.4\t7.6\t6.8\t6.5\t6.7\t7.1\t6.4\t5.9\t5.0\t5.1\t4.6\t3.8\t6.2
1983\t3.7\t3.5\t3.6\t3.9\t3.5\t2.6\t2.5\t2.6\t2.9\t2.9\t3.3\t3.8\t3.2
1984\t4.2\t4.6\t4.8\t4.6\t4.2\t4.2\t4.2\t4.3\t4.3\t4.3\t4.1\t3.9\t4.3
1985\t3.5\t3.5\t3.7\t3.7\t3.8\t3.8\t3.6\t3.3\t3.1\t3.2\t3.5\t3.8\t3.6
post #39 of 289
It only matters if you're a crank.
post #40 of 289
no option for "dereks fiance goes down"
post #41 of 289
Would it be better to go long silver or oil to prepare for the coming apocalypse?
post #42 of 289
Quote:
Originally Posted by deveandepot1 View Post
What happened to make gold jump and fall so fast in 1980?

Edit- Nothing is coming up from a quick wikipedia search.

Long story short..

Jimmy Carter happened & it's called inflation..

Obama is simply picking up where Carter left off..
post #43 of 289
Quote:
Originally Posted by dissapointedengineer View Post
Long story short..

Jimmy Carter happened & it's called inflation..

Obama is simply picking up where Carter left off..

Thank you for that nuanced analysis.

Don't quit your day job.
post #44 of 289
Quote:
Originally Posted by mikeman View Post
Um, I like Scottsdale Silver for some little bars, can be a little pricey. I JUST placed an order with Miles Franklin and have great service and better pricing on ASE or Maples than Apmex. Own any silver now?

Thanks, I'll check them out. Don't own any silver yet, just starting to look into it.

Quote:
Originally Posted by javyn View Post
Would it be better to go long silver or oil to prepare for the coming apocalypse?

Silver. oil will be too difficult to transport and store. Won't get much use out of it, being you'll be using alternatives anyway.
post #45 of 289
fuck silver...
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