Gold and silver. Discuss

Discussion in 'Business, Careers & Education' started by Valproate, Feb 20, 2011.

  1. otc

    otc Senior member

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    How about a hedge against inflation? The fiat currency we have is garbage, why not invest in real money?

    *yawn*
     


  2. Nosu3

    Nosu3 Senior member

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    Last edited: Nov 15, 2011


  3. mikeman

    mikeman Senior member

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    +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?
     


  4. imatlas

    imatlas Senior member

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    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.
     


  5. Contingency Plan

    Contingency Plan Senior member

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    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
     


  6. deveandepot1

    deveandepot1 Senior member

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    The price of gold since 1974:
    [​IMG]


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

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


  7. Nereis

    Nereis Senior member

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    The question is; is anyone borrowing massive amounts of money to fund their gold position? If so we should gtfo now before it bursts.
     


  8. imatlas

    imatlas Senior member

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    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
     


  9. Connemara

    Connemara [URL='http://www.youtube.com/watch?v=6jST2Sv63WQ']

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    It only matters if you're a crank.
     


  10. DerekS

    DerekS Guyliner

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    no option for "dereks fiance goes down" [​IMG]
     


  11. javyn

    javyn Senior member

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    Would it be better to go long silver or oil to prepare for the coming apocalypse?
     


  12. dissapointedengineer

    dissapointedengineer Active Member

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    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..
     


  13. imatlas

    imatlas Senior member

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    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.
     


  14. Nosu3

    Nosu3 Senior member

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    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.

    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.
     


  15. ALFAMALE

    ALFAMALE Senior member

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    fuck silver...
    [​IMG]
     


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