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No Safety Net???

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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No Safety Net???

Postby PreservingThePast » Thu May 05, 2011 2:28 pm

Is there not a safety net, like in the stock market, to pause and/or stop such rapid declines as is going on right now in the metals/commodities?
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Re: No Safety Net???

Postby 68Camaro » Thu May 05, 2011 2:30 pm

PreservingThePast wrote:Is there not a safety net, like in the stock market, to pause and/or stop such rapid declines as is going on right now in the metals/commodities?


Not aware of one. Percentagewise, it's not yet that big. We're still at percents per day, not per hour. What is surprising (a bit) is that it has continued down at a consistent significant pace for 4 straight days. Clearly the weak hands are being cleaned out. Good time for bargins - question is when to buy...
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Re: No Safety Net???

Postby Neckro » Thu May 05, 2011 2:39 pm

Lol, let it crash and burn/
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Re: No Safety Net???

Postby PreservingThePast » Thu May 05, 2011 2:40 pm

68Camaro wrote:
PreservingThePast wrote:Is there not a safety net, like in the stock market, to pause and/or stop such rapid declines as is going on right now in the metals/commodities?


Not aware of one. Percentagewise, it's not yet that big. We're still at percents per day, not per hour. What is surprising (a bit) is that it has continued down at a consistent significant pace for 4 straight days. Clearly the weak hands are being cleaned out. Good time for bargins - question is when to buy...



We'd all better hope and pray that our small town independent coin/bullion dealers will be able to survive this drastic rapid decline. They can't turn around and sell for less than they paid for the bullion and if they didn't lock in a price with a refinery then they could be in trouble.

makes you wonder IF the big banks had influence in this decline so as to stop their assets from leaving their accounts to buy bullion??? So many stories of people withdrawing large sums of money from their bank accounts to buy silver for the first time, etc. It sort of makes you go hmmmmmm!
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Re: No Safety Net???

Postby NDFarmer » Thu May 05, 2011 4:55 pm

Neckro wrote:Lol, let it crash and burn/



I agree I would much rather buy silver at $20.00 than $50.00 because I plan on hanging onto it for the long haul. Probably won't ever sell it unless I am forced to. I will most likely just pass it on to my kids.
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Re: No Safety Net???

Postby Mossy » Thu May 05, 2011 5:12 pm

How would anyone or any gov't set up such a thing, and how would it work? By what authority would they do so? Would we have to register each purchase or sale of PM's?

No, I'm in PM's because the gov't is NOT in PM's.
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Re: No Safety Net???

Postby kidman232 » Thu May 05, 2011 5:41 pm

Mossy wrote:How would anyone or any gov't set up such a thing, and how would it work? By what authority would they do so? Would we have to register each purchase or sale of PM's?

No, I'm in PM's because the gov't is NOT in PM's.


govt not in pms lol
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Re: No Safety Net???

Postby argent_pur » Thu May 05, 2011 5:45 pm

Mossy wrote:How would anyone or any gov't set up such a thing, and how would it work? By what authority would they do so? Would we have to register each purchase or sale of PM's?

No, I'm in PM's because the gov't is NOT in PM's.


I guess the basement under the FRBNY is filled with swiss cheese :lol:
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Re: No Safety Net???

Postby beauanderos » Thu May 05, 2011 5:56 pm

argent_pur wrote:
Mossy wrote:How would anyone or any gov't set up such a thing, and how would it work? By what authority would they do so? Would we have to register each purchase or sale of PM's?

No, I'm in PM's because the gov't is NOT in PM's.


I guess the basement under the FRBNY is filled with swiss cheese :lol:

You're right about that! It's just that our mice only store it for other rats. Just letting you know, though... the Fat Cats will wind up with it all in the end. :lol:
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Re: No Safety Net???

Postby Mossy » Thu May 05, 2011 8:43 pm

argent_pur wrote:
Mossy wrote:How would anyone or any gov't set up such a thing, and how would it work? By what authority would they do so? Would we have to register each purchase or sale of PM's?

No, I'm in PM's because the gov't is NOT in PM's.


I guess the basement under the FRBNY is filled with swiss cheese :lol:


Okay, okay, I meant that they cannot control metals as much as they do stocks and bonds.
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