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What haoppened ECONOMICALLY or POLITICALLY between 8/4/201 and 4.21/2011...see graph

RetiredNSmilin

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Gold Price

A) OK, I know almost everyone on this site is much smarter than I, and probably were on this site during this time frame.

If you look at the large graph a little down from what you see on your screen when you first go there, you will see a large graph of SILVER prices.
(click on SILVER and then select 10 year)

See that HUGE spike in the price of silver going through the roof between 4 August 2010 and 21 April 2011?

What the hell happened?


B) If you use the same graph, look at that DRASTIC DROP from 21 April 2011 down to 03 June 2011 and further down to 09 July 2013.

Does anyone know what happened there?

Was it a global thing, and artificial thing, a panic thing, or what.

As evidence you guys are much smarter than I, I bought 10 silver rounds in Rapid City, SD for over $40 each when the price was in the stratosphere. I did not bother to check on the prices before I bought any. It was my first time. Dumb, dumb, dumb.

However, it sure was a learning experience and character builder.

I await your wise and sound explanations.
 
Re: What haoppened ECONOMICALLY or POLITICALLY between 8/4/201 and 4.21/2011...see gr

When the market crashed a lot of people decided that commodities were the best hedge so that's the direction they went. The buying, in my entirely not professional opinion, was largely emotionally driven. Then, when people realized that the price had exceeded (in adjusted dollars) the boom/bust in the early 80's they started backing off.

There are, ultimately, very few hedges against economic collapse. Land, food and knowledge are the only sure bets.
 
Re: What haoppened ECONOMICALLY or POLITICALLY between 8/4/201 and 4.21/2011...see gr

It is not about what happened, it is about what did not happen.

The assumptions made around 2009 to 2012 was that inflation would hit causing an investment rush into precious metals as a hedge against monetary policy. Turns out it was all wrong and many that bought in during the named time frame ended up screwed.

As of 2011 to current there is no real reason to expect high inflation rates, and looking forward there is little expectation things will change for years to come.

The disparity between the 10yr charts on Gold and Silver are both negligible and mainly due to mining / usage during the period for each one. Or said another way, supply and demand differences between the two over the periods where they appear our of sync but over the longer period trend line they are not that far removed from one another. Gold and Silver do not always move in sync anyway in the short term, but they do tend to react similar to macro economic trends assuming the absence of other factors (like mining and or usage problems for one and not the other.)

Keep in mind that precious metals price increases from the financial collapse were generally speaking conservative driven ideologies, which is why FoxNews had Gold/Silver buying commercials on just about nonstop over the period in question.

However, other economists were already warning that without a sharp rise in inflation all of those "predictions" were just selling pitches. Odds are QE would drive investments back into commodities and equities. They were right and precious metals fell, rather sharply. So the conservative economics pitch worked for a while until the valuation of precious metals revealed how wrong Goldline International, GoldDealer, Provident Metals, USAGold, and so many others were.
 
Re: What haoppened ECONOMICALLY or POLITICALLY between 8/4/201 and 4.21/2011...see gr

There are, ultimately, very few hedges against economic collapse. Land, food and knowledge are the only sure bets.

Add fuel, guns, and ammunition.
 
Re: What haoppened ECONOMICALLY or POLITICALLY between 8/4/201 and 4.21/2011...see gr

Gold Price

A) OK, I know almost everyone on this site is much smarter than I, and probably were on this site during this time frame.

If you look at the large graph a little down from what you see on your screen when you first go there, you will see a large graph of SILVER prices.
(click on SILVER and then select 10 year)

See that HUGE spike in the price of silver going through the roof between 4 August 2010 and 21 April 2011?

What the hell happened?


B) If you use the same graph, look at that DRASTIC DROP from 21 April 2011 down to 03 June 2011 and further down to 09 July 2013.

Does anyone know what happened there?

Was it a global thing, and artificial thing, a panic thing, or what.

As evidence you guys are much smarter than I, I bought 10 silver rounds in Rapid City, SD for over $40 each when the price was in the stratosphere. I did not bother to check on the prices before I bought any. It was my first time. Dumb, dumb, dumb.

However, it sure was a learning experience and character builder.

I await your wise and sound explanations.

My family firmly believes in not investing in things like gold and silver.

The reality is that gold and silver just sit there and do nothing.

They have value, but they dont generate cash. Something like rental properties however, have value, but also generate cash (in the form of rent).

Stocks (if the company pays dividends) also have value, but at the same time generate cash.

Anyways, long story short, gold and silver are taboo investments in my family because they only have value, they DO NOT GENERATE CASH REGULARLY.
 
Re: What haoppened ECONOMICALLY or POLITICALLY between 8/4/201 and 4.21/2011...see gr

When the market crashed a lot of people decided that commodities were the best hedge so that's the direction they went. The buying, in my entirely not professional opinion, was largely emotionally driven. Then, when people realized that the price had exceeded (in adjusted dollars) the boom/bust in the early 80's they started backing off.

There are, ultimately, very few hedges against economic collapse. Land, food and knowledge are the only sure bets.

Add fuel, guns, and ammunition.

Always the same thing. In times of panic value ends up in property, food, and shotgun shells. ;)
 
Re: What haoppened ECONOMICALLY or POLITICALLY between 8/4/201 and 4.21/2011...see gr

So I guess what really happened was all artificial and greed / fear driven?

I know on TV they have a rule to NEVER SAY SELL, and never do.

I only get silver because it will always be money, even though it does not generate any.

To some posters, nothing that generates any money is an investment. That is a good policy I guess.

SOME are playing with it because there is legislation pending to make it legal tender here in Texas like they did in Utah. Although it is ONLY US minted silver coins they will consider.

I am playing with it, because it will always be money, no matter what happens to these federal reserve notes I have in my pocket. I figure I can stop when I get 500 oz.

Of course we all know it will probably just sit here doing nothing and become part of my estate when the wife gets fed up with my crap and puts antifreeze in my sweet tea.
 
Re: What haoppened ECONOMICALLY or POLITICALLY between 8/4/201 and 4.21/2011...see gr

I know almost everyone on this site is much smarter than I

Yer feeling that way is an indication that you likely have more useful intelligence than the many members of this community who overestimate their brain power.

One respectful suggestion — "smarter than me." I've been "into" grammar skills over the years, an investment of questionable value, I suppose.

when the wife gets fed up with my crap and puts antifreeze in my sweet tea.

Give it a good sniff before consuming.
 
Re: What haoppened ECONOMICALLY or POLITICALLY between 8/4/201 and 4.21/2011...see gr

The Great Recession began in December, 2007.

On Nov. 30, 2007, gold was $781.4/oz. - right now it is $1120.49/oz..

That is a 43.39% return.


On Nov.30, 2007, the DOW was 13,371.72 - right now it is 15,944.46.

That is a 19.24% return.


NEVER bet against gold during uncertain times...but be prepared for a roller coaster.


Gold Price History - 2007

Dow Jones Industrial Average History (DJIA / Dow 30)
 
Re: What haoppened ECONOMICALLY or POLITICALLY between 8/4/201 and 4.21/2011...see gr

Yer feeling that way is an indication that you likely have more useful intelligence than the many members of this community who overestimate their brain power.

One respectful suggestion — "smarter than me." I've been "into" grammar skills over the years, an investment of questionable value, I suppose.



Give it a good sniff before consuming.

Thank you. I had written a more elegant reply to you, but the system was being a bit goofy and kept giving me a weird error message.
 
Re: What haoppened ECONOMICALLY or POLITICALLY between 8/4/201 and 4.21/2011...see gr

The Great Recession began in December, 2007.

On Nov. 30, 2007, gold was $781.4/oz. - right now it is $1120.49/oz..

That is a 43.39% return.


On Nov.30, 2007, the DOW was 13,371.72 - right now it is 15,944.46.

That is a 19.24% return.


NEVER bet against gold during uncertain times...but be prepared for a roller coaster.


Gold Price History - 2007

Dow Jones Industrial Average History (DJIA / Dow 30)

Having a hand in the fine art of PROPHECY, when I saw Mt Etna blowing up on TV, I got the wife & kids together and showed them the footage, and told them World War 3 will be starting in the next few weeks. That was about 5 or 6 weeks before 9/11. I also knew the war will last for 27 years. It will take that long for each generation to cool their hate.

I went out and bought 12 gold 1oz coins at around $346 per. I sold all 12 for slightly over $1200 each. Gold went even higher, but too high for most smart people to buy into it.

I have since been using silver as an alternative, but as I learned here on this thread, these drastic fluctuations seem to have been artificially created.
 
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