Gold and silver. Discuss

[otc]

Originally Posted by mikeman

How about a hedge against inflation? The fiat currency we have is garbage, why not invest in real money?

*yawn*

 

[Nosu3]

 

[mikeman]

Originally Posted by Nosu3

+1.
Too much faith in an unstable system.

Where to purchase the gold and silver coins?

Um, I like Scottsdale Silver for some little bars, can be a little pricey. I JUST placed an order with Miles Franklin and have great service and better pricing on ASE or Maples than Apmex. Own any silver now?

 

[imatlas]

I've been putting all my spare cash into cocaine futures. With Colombia getting out of the business, there's going to be a global shortfall, and I'll make out like a bandit.

 

[Contingency Plan]

Anyone know an easy way for someone in the UK to buy silver, gold and other commodities online? I've got an online share trading account, but no idea how to trade in goods :S

 

[deveandepot1]

Originally Posted by Gibonius

The price of gold since 1974:

What happened to make gold jump and fall so fast in 1980?

Edit- Nothing is coming up from a quick wikipedia search.

 

[Nereis]

The question is; is anyone borrowing massive amounts of money to fund their gold position? If so we should gtfo now before it bursts.

 

[imatlas]

Originally Posted by deveandepot1

What happened to make gold jump and fall so fast in 1980?

Edit- Nothing is coming up from a quick wikipedia search.

Table of Historical Inflation Rates by Month and Year (1914-2010)

Year\tJan\tFeb\tMar\tApr\tMay\tJun\tJul\tAug\tSep\tOct\tNov\tDec\tAve

1970\t6.2\t6.1\t5.8\t6.1\t6.0\t6.0\t6.0\t5.4\t5.7\t5.6\t5.6\t5.6\t5.7
1971\t5.3\t5.0\t4.7\t4.2\t4.4\t4.6\t4.4\t4.6\t4.1\t3.8\t3.3\t3.3\t4.4
1972\t3.3\t3.5\t3.5\t3.5\t3.2\t2.7\t2.9\t2.9\t3.2\t3.4\t3.7\t3.4\t3.2
1973\t3.6\t3.9\t4.6\t5.1\t5.5\t6.0\t5.7\t7.4\t7.4\t7.8\t8.3\t8.7\t6.2
1974\t9.4\t10.0\t10.4\t10.1\t10.7\t10.9\t11.5\t10.9\t11.9\t12.1\t12.2\t12.3\t11.0
1975\t11.8\t11.2\t10.3\t10.2\t9.5\t9.4\t9.7\t8.6\t7.9\t7.4\t7.4\t6.9\t9.1
1976\t6.7\t6.3\t6.1\t6.0\t6.2\t6.0\t5.4\t5.7\t5.5\t5.5\t4.9\t4.9\t5.8
1977\t5.2\t5.9\t6.4\t7.0\t6.7\t6.9\t6.8\t6.6\t6.6\t6.4\t6.7\t6.7\t6.5
1978\t6.8\t6.4\t6.6\t6.5\t7.0\t7.4\t7.7\t7.8\t8.3\t8.9\t8.9\t9.0\t7.6
1979\t9.3\t9.9\t10.1\t10.5\t10.9\t10.9\t11.3\t11.8\t12.2\t12.1\t12.6\t13.3\t11.3
1980\t13.9\t14.2\t14.8\t14.7\t14.4\t14.4\t13.1\t12.9\t12.6\t12.8\t12.6\t12.5\t13.5
1981\t11.8\t11.4\t10.5\t10.0\t9.8\t9.6\t10.8\t10.8\t11.0\t10.1\t9.6\t8.9\t10.3
1982\t8.4\t7.6\t6.8\t6.5\t6.7\t7.1\t6.4\t5.9\t5.0\t5.1\t4.6\t3.8\t6.2
1983\t3.7\t3.5\t3.6\t3.9\t3.5\t2.6\t2.5\t2.6\t2.9\t2.9\t3.3\t3.8\t3.2
1984\t4.2\t4.6\t4.8\t4.6\t4.2\t4.2\t4.2\t4.3\t4.3\t4.3\t4.1\t3.9\t4.3
1985\t3.5\t3.5\t3.7\t3.7\t3.8\t3.8\t3.6\t3.3\t3.1\t3.2\t3.5\t3.8\t3.6

 

[Connemara]

It only matters if you're a crank.

 

[DerekS]

no option for "dereks fiance goes down"

 

[javyn]

Would it be better to go long silver or oil to prepare for the coming apocalypse?

 

[dissapointedengineer]

Originally Posted by deveandepot1

What happened to make gold jump and fall so fast in 1980?

Edit- Nothing is coming up from a quick wikipedia search.

Long story short..

Jimmy Carter happened & it's called inflation..

Obama is simply picking up where Carter left off..

 

[imatlas]

Originally Posted by dissapointedengineer

Long story short..

Jimmy Carter happened & it's called inflation..

Obama is simply picking up where Carter left off..

Thank you for that nuanced analysis.

Don't quit your day job.

 

[Nosu3]

Originally Posted by mikeman

Um, I like Scottsdale Silver for some little bars, can be a little pricey. I JUST placed an order with Miles Franklin and have great service and better pricing on ASE or Maples than Apmex. Own any silver now?

Thanks, I'll check them out. Don't own any silver yet, just starting to look into it.

Originally Posted by javyn

Would it be better to go long silver or oil to prepare for the coming apocalypse?

Silver. oil will be too difficult to transport and store. Won't get much use out of it, being you'll be using alternatives anyway.

 

[ALFAMALE]

**** silver...