Gold and Silver tanking HardCore

[adamstgBit]

WOW!

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[byronbb]

Good thing I didn't back the truck up. I guess the trade is short paper bullion buy hard bullion.

[painlord2k]

Good thing I didn't back the truck up. I guess the trade is short paper bullion buy hard bullion.

You short paper gold and silver because there is no gold or silver at Comex to deliver.

[Frozenlock]

Good thing I didn't back the truck up. I guess the trade is short paper bullion buy hard bullion.

How about

[ElectricMucus]

There is a local bullion dealer which allows me to place limit orders for individual coins with guaranteed delivery. I am considering doing this, then walk in past the disgruntled folks staring at the "out of stock" signs and smugly receive my cheap gold.
I have a feeling it's not that easy though, where is the catch?

[Jozzaboy]

There is a local bullion dealer which allows me to place limit orders for individual coins with guaranteed delivery. I am considering doing this, then walk in past the disgruntled folks staring at the "out of stock" signs and smugly receive my cheap gold.
I have a feeling it's not that easy though, where is the catch?

You'll get robbed for swaggering about with a 10 million dollars of gold in the palm of your hand 

[adamstgBit]

There is a local bullion dealer which allows me to place limit orders for individual coins with guaranteed delivery. I am considering doing this, then walk in past the disgruntled folks staring at the "out of stock" signs and smugly receive my cheap gold.
I have a feeling it's not that easy though, where is the catch?

You'll get robbed for swaggering about with a 10 million dollars of gold in the palm of your hand 

10 million dollars of gold weights ~2760 lbs

[Jozzaboy]

There is a local bullion dealer which allows me to place limit orders for individual coins with guaranteed delivery. I am considering doing this, then walk in past the disgruntled folks staring at the "out of stock" signs and smugly receive my cheap gold.
I have a feeling it's not that easy though, where is the catch?

You'll get robbed for swaggering about with a 10 million dollars of gold in the palm of your hand 

10 million dollars of gold weights ~2760 lbs

Derp, I was making a reference to the future where bullion is out of stock everywhere leading to $1m/oz gold. Think dystopian hyperinflation future.

[ElectricMucus]

Dude the "out of stock" situation was reality in 2008, except it wasn't really out of stock just the dealers wouldn't give away any more at these prices.

[Jozzaboy]

Well I was still in high school in 2008 heh I didn't really grasp the concepts on inflation on the money in my pocket. Just something I wasn't interested in. I'll stop before I make an arse of myself

[counter]

Gold and Silver are on the move in the wrong direction. I wonder if now is a good time to buy or wait for it to get beat down some more?  I can't believe the speed they are falling, simply amazing!

[FiatKiller]

Silver already bounced off of something like $18 in the recent past. Regardless, is has real value and always will, because it is used in manufacturing and jewelry. You cannot lose all your money and are likely to gain over time, unlike stocks.

[BitcoinFX]

Gold-Producing Bacteria Turn Toxic Ions Into Precious Metal, Scientists Say

http://www.huffingtonpost.com/2013/02/04/gold-bacteria-toxic-ions_n_2616566.html

Perhaps its just time for the human race to start investing in things of real value such a water, air and food instead of stockpiling tons of comparitively mostly useless shiny rocks !?

... "and one day the poor will have nothing left to eat, but the rich" ... floccinaucinihilipilification ?

[FiatKiller]

I agree. Water is the next gold, but maybe not in my lifetime.

[cbeast]

I agree. Water is the next gold, but maybe not in my lifetime.

Oxygen is the new gold. You can't drink or breathe without it. I wonder if you can patent oxidation processes?

[FiatKiller]

I agree. Water is the next gold, but maybe not in my lifetime.

Oxygen is the new gold. You can't drink or breathe without it. I wonder if you can patent oxidation processes?

All you have to do is to apply electrolysis to the already precious water!  lol

[BitcoinFX]

I agree. Water is the next gold, but maybe not in my lifetime.

Oxygen is the new gold. You can't drink or breathe without it. I wonder if you can patent oxidation processes?

All you have to do is to apply electrolysis to the already precious water!  lol

For sure, this is interesting. Perhaps the headline should read...

Valuable Gold-Producing Bacteria Turn Toxic Ions Into Worthless Metal, Scientists Say

      Erm...

[inspiredinvestor]

keen on silver, it's such a functional metal, goes hand in hand with alot of technology hardware.
i hold some bullion, but it's incredibly volatile and it's best not to look at paper price (can be depressing) 

[culexevilman]

So why have bitcoin prices not risen?

[counter]

So why have bitcoin prices not risen?

I think a better question is why is gold and silver prices tanking.  In my opinion Bitcoin prices aren't rising because people are waiting on the sidelines waiting for the best price at the best time.