I think that soon I'll be picking some bars up from my local dealer (coin dealer). Maybe some silver dimes/quarters that typically go only a little over melt.

Has anyone else noticed this and done anything?

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join this group only if youre a mod

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Everything is going down.

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Quote: from tait at 2:27 pm on Aug. 12, 2008

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Everything is going down.

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A good strategy, I think, is to load up on bullion, then it will likely go up during the labor day period as gas goes up due to travel.

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Quote: from prisoner of hss at 7:28 pm on Aug. 12, 2008

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Quote: from tait at 2:27 pm on Aug. 12, 2008

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Everything is going down.

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A good strategy, I think, is to load up on bullion, then it will likely go up during the labor day period as gas goes up due to travel.

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Nah I'm sticking with investing in Arms Companies. That is where all the real money is.

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Quote: from tait at 2:29 pm on Aug. 12, 2008

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Quote: from prisoner of hss at 7:28 pm on Aug. 12, 2008

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Quote: from tait at 2:27 pm on Aug. 12, 2008

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Everything is going down.

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A good strategy, I think, is to load up on bullion, then it will likely go up during the labor day period as gas goes up due to travel.

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Nah I'm sticking with investing in Arms Companies. That is where all the real money is.

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why not just become the next yuri orlov

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Has anyone else noticed this and done anything?

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This happens every recession. Morons inflate the price of precious medals only to watch them crash with their savings. The intelligent method of precious metal investing is to buy when the economy is excellent (thus low prices) and sell when then economy is tanking.

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"I give the probability of this working at zero" - Dan DeMatteo

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well OC I'd say it's more that the morons inflate the price of oil then people buy like mad to hedge against inflation

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Not quite. Inflation is being increased by oil and inflation is driving the price in oil. It's a vicious cycle. the shit-tastic dollar (thanks Bush!) is causing oil producers to increase their prices causing oil to rise. As oil prices rise, inflation rises, furthering the decline of the dollar, thus causing producers to raise prices. Left alone, this is a very bad wheel of destruction. And oil as a hedge is a relatively new thing. 10 years ago oil wasn't a hedge asset.


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"I give the probability of this working at zero" - Dan DeMatteo

And, you think anything terrible will eventually result from this?

As for the hedge, I meant precious metals as a hedge against inflation.

Post edited at 7:06 am on Aug. 14, 2008 by iconoclast

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join this group only if youre a mod

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isn't it also the speculators? Like, on the stock market and shit?  That sounds like the 'oil as a hedge thing'

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To some degree. The government has stated that there is no evidence of speculation driving prices abnormally high, but this is also the government where Paulson denied that the dollar had an impact on oil prices. If we wanted cheap gas, the *simplest way would be to rally the dollar. * meaning in terms of monetary effects, not actually getting there.

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And, you think anything terrible will eventually result from this?

As for the hedge, I meant precious metals as a hedge against inflation.

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Not really. Precious metals will always be considered a hedge, regardless of their stupidity.

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"I give the probability of this working at zero" - Dan DeMatteo