Gold and Silver Prices Really Down

[rifleman]

Gold and silver have really taken a beating since oil prices have dropped. Silver has taken a bigger hit than gold. Not a good time to dump your metals. If gas hits 6 or 7 dollars a gallon, I'm thinking the metals will take off like no ones business. I don't think the amount of metals I have will offset $6.00 gas. The metals market sure is not what it used to be, seems like it's controlled like everything else is now. I think we are in for some tough times. Meanwhile, I'll keep pulling as much as possible out of the ground. If the economy really heads south, metals could be a lifesaver.

Good hunting, John K

 

[jim tn]

n/t

 

[homefires]

It ain't over until the fat lady sings!

 

[Goldburn]

Yikes! Everything took a pounding today!
I checked Kitco.com Monday, and Rhodium was $7000/oz
The U.S Dollar gained a bit, today it's 6% above the CDN$ For a while there, it was the opposite.

Gold 786.00 -19.70
Silver 2.70 -1.44
Platinum 1357.00 -117.00
Palladium 281.00 -24.00
Rhodium 5,190.00 -1240.00

 

[Scottowl]

With prices getting friendlier to most folks, maybe more and more will buy (and lose) gold and silver trinkets.

I thought about selling my finds about 6 months ago, but couldn't bring myself to. The money would have been gone by now. Maybe I'll consider them an emergency fund when and if the economy really sours.

I don't think anyone would actually want to live in a world where gold was 2000$ per oz.

 

[coinhog]

Time to dump the clad and load up on silver