GoldSilver

0 votes

Buy Silver Now, or Wait?

Buy silver now, or wait? Any suggestions on TRUSTED sites that will not rip off their clients and for those with limited income? What kind of silver is best?

4 votes

Gold and CNN

I was working out today and got my over consumption of CNN International at the gym. One thing I noticed was that CNN was going out of its way to show the gold price. Before and after each commercial for the hour I was in the gym, they threw the price of gold up on the screen, nothing else, just GOLD and a huge red arrow pointing down. It was very strange. It definitely felt like they were cheer-leading the price down. Obviously the talk of the day was Greece, but it seemed the second fabricated "story" of the day was the gold price decline. It made me want to run and buy more....

2 votes

On Friday, CME Group Hiked Comex Gold Margins 21.5%, Silver by 15.6%

This may be the reason that gold and silver plunged. But, it goes deeper than this. The bankers knew they would be pulling out of the markets to buy Treasuries, which is propping up the dollar, so, why raise margins on gold and silver if they were going to fall anyway? The excuse they give is the margin increases are due to volatility, not prices. I'm not buying it.

2 votes

Peter Schiff's Latest Silver and Gold Scam Report -- must read

If you're new to the PM investment game now's the time to smarten up to the scam artists out there, waiting to bait and switch you into buying PM's that are virtually useless in an economic crisis.

There's a "Gold Scam Facebook page" to get you started, with the report included in the page. I highly recommend you follow them and get yourself educated on what to seek and what to avoid in your precious metal purchases.

http://facebook.com/goldripoffs

Enjoy and happy silver and golding!

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