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Am I missing something?

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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Am I missing something?

Postby rexmerdinus » Thu Feb 28, 2013 5:36 pm

Just looking for some insight on why silver is down in recent weeks. Surely it can't just be the work of the big boys manipulating it? Demand is up, price is down...what am I missing?
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Re: Am I missing something?

Postby blackrabbit » Thu Feb 28, 2013 7:36 pm

Unlimited digital dollars can swing the paper price of anything anywhere. Physical demand is up a lot more now!
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
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Re: Am I missing something?

Postby Sterling Silver » Thu Feb 28, 2013 8:00 pm

You are missing nothing. I intend to BTFD.
"I can tell your fancy, I can tell your plain.
You give something up for everything you gain.
Since every pleasures' got an edge of pain,
Pay for your ticket and don't complain." Bob Dylan
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Re: Am I missing something?

Postby blackrabbit » Thu Feb 28, 2013 8:48 pm

I am not missing the higher premiums on physical as the price falls.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
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Re: Am I missing something?

Postby agmoose » Thu Feb 28, 2013 9:16 pm

I plan to hit up the LCS tomorrow........hope it drops some more overnight.
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Re: Am I missing something?

Postby TwoPenniesEarned » Fri Mar 01, 2013 12:32 am

TPTB are shorting paper and buying physical. Double profits. They get what they want until the ponzi falls apart. At that point we will bail them out. But at least our physical will be recognized at its value in the long run.
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Re: Am I missing something?

Postby agmoose » Fri Mar 01, 2013 7:21 am

Down almost fifty cents overnight......just above $28 now. Sold two of the guns I bought a couple weeks back for triple what I paid, it is all going into silver.
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Re: Am I missing something?

Postby rexmerdinus » Fri Mar 01, 2013 11:15 am

agmoose wrote:Down almost fifty cents overnight......just above $28 now. Sold two of the guns I bought a couple weeks back for triple what I paid, it is all going into silver.


Nice. I'm also a gun dealer on the side and have done a little wheeling and dealing.
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