Why is Silver and Gold down??? I mean there is virtually no supply... the market is down... You would think it would skyrocket..

I am having no problems buying silver locally.

I will sell you 40 oz's for $25/oz each

Simple really...the free market is winning right now with the stopping of the bailout bill and this will suppress gold in the short term. Once the bill passes and we all know it will, in some form or another, that will let the market know that socialism is winning and the dollar is being heavily devalued. Gold and Silver will then rise accordingly.

South America dump the dollar for intermarket trading for Mercosul. Hugo Chavez yesterday and today in meetings with Brazil, Columbia and Bolivia is pushing for a South American currency. This is why he is in favor of the bailout. He also wants to establish a petroleum based market as well like that of OPEC.

Seems to me that if we want to take power away from the elite who benefit from the Federal government, then people need to stop holding and investing in T-bills and put wealth in their own bank. An investment in T-bills empowers the elitists controlling the Federal government. Remember T-bills are just paper, just like FRNs. Withdrawling our investment is their biggest fear. Holding onto T-bills locks up dollars as they say. I suggest investing in something other than T-bills such as physical food, supplies, silver and gold. These items stimulate our economy and the individual is empowered. But, what the hell do I know?
grant

Naked-Nude Short Selling === is simply Naked Short Selling with zero stock, fraudulent 'vaporware' stock, "backing the trade up with nothing".

In Peace & Liberty,
Treg

Perhaps the blackmarket, and that is why it is good to be prepared.
If inflation occurs they will do what the can to keep the price down, but it won't matter if gasoline is only $4.00 a gallon if you can't buy it.

Seems to me that if we want to take power away from the elite who benefit from the Federal government, then people need to stop holding and investing in T-bills and put wealth in their own bank. An investment in T-bills empowers the elitists controlling the Federal government. Remember T-bills are just paper, just like FRNs. Withdrawling our investment is their biggest fear. Holding onto T-bills locks up dollars as they say. I suggest investing in something other than T-bills such as physical food, supplies, silver and gold. These items stimulate our economy and the individual is empowered. But, what the hell do I know?
grant

Wealthy elites are manipulating the price to stay low so that they can buy it up and hoard it for the times ahead.

gold and silver markets through the paper markets. That is why we are witnessing shortages. The only place you can find a free market price (for now) is on ebay.

http://news.goldseek.com/GATA/1222871694.php

And by the way, it's happening in the gasoline market also--that is why we are witnessing shortages in the Southeast.

Depends on if foreign nations are still willing to accept the dollar. If they aren't then there will be inflation. Especially when they start selling their T-bills.

Seems to me that if we want to take power away from the elite who benefit from the Federal government, then people need to stop holding and investing in T-bills and put wealth in their own bank. An investment in T-bills empowers the elitists controlling the Federal government. Remember T-bills are just paper, just like FRNs. Withdrawling our investment is their biggest fear. Holding onto T-bills locks up dollars as they say. I suggest investing in something other than T-bills such as physical food, supplies, silver and gold. These items stimulate our economy and the individual is empowered. But, what the hell do I know?
grant

But some comments have me wondering if the dollar really is about to plunge in value. I just bet the farm buying more food than I could afford and now I'm wondering if I should have (not that the dollar value going up wouldn't be overall a good thing).

or other holder of dollars ..would just go on a spending spree... and buy a crap load of it??? I mean why not?? then they don't need to worry about our currency ..they get a nice investment.. the metals will undoubtedly rise.. which means they make money...

I also read, the other day, that European Central banks had decided to stop selling their gold reserves.
I think the prices can only go up. The dollar is having a rally today against the euro.
Commodities tend to rise and fall depending on the value of the dollar.

"My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline."
- Ludwig Von Mises

Sierrah, thanks for the article link! One thing I keep in mind is that both your article and mine originated on silver marketing links??!! But it just makes total sense.

Thanks everyone else for your input, too. Totally appreciated.

I just heard the president say that things were going to get much worse.

Sorry pal, the market is up 300, and our dollar is beginning to rally with no bailout.

Let it go man, just let it go...

because its speculation we didn't pass the bailout.

Seriously, any commodity is going to hold its value better than the dollar. That includes food, but food doesn't age well -- scotch and wine do.