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AGgressive Metal
Administrator
USA
1937 Posts |
 Posted - 09/09/2010 : 16:03:06
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And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 09/09/2010 : 17:06:53
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| Who knows for sure? I would give silver about an 70% chance of dropping 25% or more in a major stock market crash. I would give gold about a 25% chance of doing the same. To be fair, I would give the same odds as silver for platinum or palladium. |
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Think positive. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 09/09/2010 : 17:22:01
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| Unfortunately, during severe stock market and economic downturns, SILVER gets a correlation with economic activity and tends to go down severely too. GOLD shows resilientcy as the metal of choice during bad times. GOLD recovers quicker and goes down less. Hopefully, this time might be different (famous last words) and the fear trade buys something other than US Treasuries during liquidfication phases of the stock market. |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 09/09/2010 17:22:59 |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 09/09/2010 : 18:02:32
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The next major decline in equities will not be due to gearing, but rather credibility and trust. Thus, unwinding assets to meet margin calls will not be the same as before. Liquidations from stocks into what? It won't be the same as before. The risk has already rolled up to the top.
Expect people to plow into metal instead of FRN's and treasuries. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 09/09/2010 : 22:54:05
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Not that I am advocating this theory, but it is possible.
Stocks and general have a chance to skyrocket in nominal terms, bringing silver and gold along with it at even greater rates.
The problem with that scenario is that the price of bread and gas goes as fast or faster.
Read about Argentina, Weimer Germany and, of course, Zimbabwe. |
www.londongoldbuyer.com |
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KCTCJO
Penny Sorter Member
43 Posts |
Posted - 09/10/2010 : 07:10:46
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quote:
Originally posted by jonflyfish
The next major decline in equities will not be due to gearing, but rather credibility and trust. Thus, unwinding assets to meet margin calls will not be the same as before. Liquidations from stocks into what? It won't be the same as before. The risk has already rolled up to the top.
Expect people to plow into metal instead of FRN's and treasuries.
Jon, sounds like unprecedented times, doesn't it? Seems like most people don't know how to deal with the times we are living. I'm not predicting an end to the world but most definitely the world economy will never function in the same way again. Many economists look at the present situation and treat it like any other world wide recession/depression that we will recover from. This contributes to the confusion amongst metal/commodity experts/owners. I believe that actually weaker foreign currencies will continue to drive folks around the world to more tangible assets with us North Americans hoarding our metals being the beneficiaries! |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 09/10/2010 : 09:16:14
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Silver has always been a wild ride! Yee Haw, I love the ride!
If silver drops... I am gonna buy more of it! If silver goes up... I am gonna buy land with it!
I am selling what little gold I have to buy some more. I will be posting "for sale" very soon. |
"The most fiscally irresponsible government in American history."
Mort Zuckerman, liberal columnist and former Obama speech writer |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 09/10/2010 : 15:49:54
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| KCTCJO- Yes it is unfortunate that we have to take the initiative to preserve what others are in process of destroying. A little effort and preparation will give us peace of mind and solace. The future is always uncertain but I know that if the big stinky HTF, my family will have food and shelter. When things are somewhat restored we'll also have a degree of wealth that would have otherwise been consciously wiped out by the creature of Jekyll Isle. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Sovereigns
New Member
15 Posts |
Posted - 09/16/2010 : 05:02:40
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| I'm with you Sheikh_yer_BuTay. Whenever silver dips I just buy more. I can't afford to do that with gold right now but silver is still so under priced it's an opportunity not to be missed. |
Gold Sovereigns |
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Will silver hold if there is stock market bear?
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