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Business
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Title: Hey - Precious Metals - What's Happening?
Source: [None]
URL Source: [None]
Published: Jul 5, 2015
Author: Chuck_Wagon
Post Date: 2015-07-05 13:22:18 by Chuck_Wagon
Keywords: gold, silver, money
Views: 10926
Comments: 57

Hello there, folks.

I am starting this thread for those who are interested in
'hard money' - call it 'paleo-investing' it you will.

The silver price has apparently been suppressed - for a while.
Many so-called pundits and prognosticators predict that it MAY
soon move upwards.

The purpose of this thread is to keep track of these things.
Participate if you will...

Post Comment   Private Reply   Ignore Thread  


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Begin Trace Mode for Comment # 20.

#1. To: Chuck_Wagon (#0)

The silver price has apparently been suppressed - for a while. Many so-called pundits and prognosticators predict that it MAY soon move upwards.

I'll believe it when I see it - and maybe not even then.

SOSO  posted on  2015-07-05   13:27:52 ET  Reply   Untrace   Trace   Private Reply  


#4. To: SOSO (#1)

...I'll believe it when I see it...

Was $40-something - now it's $15.
Silver has a lot of industrial uses.
It will (most likely) eventually get back up there.
Question is: When? (IMO)

Chuck_Wagon  posted on  2015-07-05   13:35:38 ET  Reply   Untrace   Trace   Private Reply  


#17. To: Chuck_Wagon (#4)

Was $40-something - now it's $15.

Yup. IIRC,it was two billionaire brothers in Texas that manipulated and destroyed the silver market. They bought it cheap and then their massive buys and the rumors they spread drove the price up,and then they bailed with more billions and the silver market collapsed.

The Bass Brothers? Does that sound right?

Silver has a lot of industrial uses. It will (most likely) eventually get back up there. Question is: When? (IMO)

IMHO it will never go that high again. It's not rare or particularly valuable,wasn't worth that much money back then,and will probably never be worth that much ever.

sneakypete  posted on  2015-07-05   16:54:54 ET  Reply   Untrace   Trace   Private Reply  


#20. To: sneakypete (#17)

" The Bass Brothers? Does that sound right? "

No. It was the Hunt brothers.

Stoner  posted on  2015-07-05   17:10:55 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 20.

#22. To: Stoner (#20)

" The Bass Brothers? Does that sound right? "

No. It was the Hunt brothers.

Thanks for the correection.

Fishing versus hunting. I was still in the same ballpark!

sneakypete  posted on  2015-07-05 17:18:48 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 20.

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