How much have values gone down over the last few days, percentage wise? I mean, what constitutes a plummeting?

You seem to know a lot about this kind of thing, GirlGenius. For the average Joe, is it a good idea to get a few thousand dollars worth of gold or silver rounds now while the price is dropping, for barter when TSHTF?

Current price is $27.72 per oz.

It has dropped but the stock market has been doing well.

I think that the precious metals market is an indicator for how worried people are about their investments.

So, when things are bad, like real estate, or the value of the dollar, people invest in precious metals.

If the dollar stabilizes then the metals market will decline. If the dollar trends down vs other currencies the metals market will go up.

I'm gonna buy some silver next week. If the price goes down after that I'll buy more. With the printing of dollars it can only go up eventually. Thats my basic understanding anyways.

omg, my shiny rocks are devaluing.

the gold scam is just that...a scam. Many powerful corporatists have hyperinflated the value to make a bunch of money, and yep, eventually it will bust. Watch as stock prices start increaseing..thats when you know to sell and sell quick.

shiny rocks is just as much pretend value as paper, stocks, credit, etc. its all done based on a agreement of pretend value.

One of the great myths of our time is that gold is a hedge aginst the machination of the Federal Reserve and the evils of inflation. Gold prices are rather driven by inflation and are the machination of the Federal Reserve.

Push the price down, people will buy even more. It's a no win situation.

They've already started demonizing the gold and silver buyer, most notably Jared Loughner. Why?..........because they can't control it anymore. They can manipulate the price up or down, it doesn't matter. People are sucking it up like a Hoover.

Peace

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Originally posted by OnTheFelt
My intuition tells me somebody is sour they don't own any and would just instead criticize what they don't or can't afford to have.

I have about 100k oil paintings in storage. that is far more intrinsic than gold. do you have a warehouse with oil paintings? are you sour that you don't?

I put your shiny rocks against my art collection

Now...Here is the list of the top 10 most rare stones of earth...how much do you own?
PAINITE
SERENDIBITE
POUDRETTEITE
GRANDIDIERITE
JEREMEJEVITE
MAJORITE
TAAFFEITE
MUSGRAVITE
BENITOITE
and finally Diamonds


Gold is just a rock, and not even a very rare rock in comparison. Tell me why gold is super valued for its intrinsic nature and not something like, quartz. its not for availability..if rare = worth. then the above list would be far more sought after.

its a ploy..its a scam..but hey, what do I know...Goldline has told you its good, and Glen Beck (a product of goldline) has told you its good, therefore its good.

enjoy..I am sure corporate masters know better than you..just buy what they tell you to buy and don't question.

Are silver dollars a very good buy?
I reckon they are about 80% silver.
If a silver dollar is 26-27 grams minus 1/5th = roughly 20 grs pure silver,then they are worth about 20 $ each now...correct?
So, any silver dollar i can purchase for less than 20$ is a good investment?
I was thinking that with the gold bars filled with other metals and other scams(gold and silver plated commemoratives etc by such as the franklin mint that dont have a lot of precious metals in them,)
Perhaps silver coins would be a better guarantee of purity and consistency....
(or gold ones too) when one wants to sell later......

Originally posted by SaturnFX
Gold is just a rock.......

its a ploy..its a scam..

Then it's been a ploy and a scam since the beginning of human civilization.

Way to deal the Glenn Beck card BTW. Sure you don't want to throw Alex Jones in for good measure?

Peace