Gold and Silver tanking HardCore

[FiatKiller]

the metals market is heavily manipulated for a rise & repeat scheme, which is fine if you ride the waves along with them  ;-)

never sell low - buy buy buy and sell when over $30(silver) at least...

[ktttn]

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

y u no use oz?

[hany103]

With prices dropping, I plan to invest some of my money in precious metal beside Bitcoins.

[Lethn]

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.

This is what happened when the financial crisis happened at around 2008, Gold dropped to about 800 and then rose to about 2000, I wouldn't be surprised if we're about to head to another financial collapse.

[FiatKiller]

Most people say that silver actually is worth near $200 an ounce. It is being artificially held down. Definitely wise to have SOME at least.

[PeZ]

With prices dropping, I plan to invest some of my money in precious metal beside Bitcoins.

I'd be very careful because the outlook is very negative. In Canada, Barrick laid off 30% of its staff. They know the future is going to be rough.

[Ivanhoe]

With prices dropping, I plan to invest some of my money in precious metal beside Bitcoins.

I know it's becoming tempting to buy, however i would wait some more time, they probably gonna drop much further. "Never catch a falling knife."

[painlord2k]

With prices dropping, I plan to invest some of my money in precious metal beside Bitcoins.

I know it's becoming tempting to buy, however i would wait some more time, they probably gonna drop much further. "Never catch a falling knife."

It is better to catch the falling knife than to miss the life line.

Prices of PM could fall a little more, like prices of BTC could fall a little more, but:
1) Prices of PM are so low any other decrease would put miners out of market.
Falling prices have happened without any PM changing hands. Just paper assets moving from a player to another in a rigged game.
People there is just exiting the paper market and a few are entering the physical market, instead.
In the meanwhile, the chinese and indians are not stopping to buy gold and silver. Shanghai, alone, delivered more gold than the entire world production in the January to April 2013 time frame.
And they pay 3-5% more to have real gold in hand.

2) Prices of BTC is low and have tested the lows so many times it is pretty sure there is a base near completed where it have no way to fall from.
All people valuing BTC less than 100 US$ have sold them already to people valuing them more.
Without paper derivatives and similar cheating, there is no way to artificially depress the price of bitcoin.

[cbeast]

If paper gold is in contango through shorting while bullion is in backwardation through hoarding, we could see a financial slingshot effect.