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Silver & gold will take off like a rocket once the Federal Reserve announces QE3. They will be badly diluting the money supply (AGAIN) and a lot of investors will flee to precious metals. This could be played many ways but A LOT of the precious metal miners are very, very badly beaten down right now. If the market keeps heading south or Europe implodes in the coming weeks, look for helicopter Ben to inject QE3. Obama won't let the stock market tank on his watch if he can help it during an election year.
if only it was that easy to predict... the only reason qe3 is on the horizon is we are deflating more than we are inflating along with the rest of the world.
gold prices can go either way just as easy,silver being an industrial metal could plunge like it did in 2008.
Last edited by mathjak107; 06-26-2012 at 02:49 AM..
Silver & gold will take off like a rocket once the Federal Reserve announces QE3. They will be badly diluting the money supply (AGAIN) and a lot of investors will flee to precious metals. This could be played many ways but A LOT of the precious metal miners are very, very badly beaten down right now. If the market keeps heading south or Europe implodes in the coming weeks, look for helicopter Ben to inject QE3. Obama won't let the stock market tank on his watch if he can help it during an election year.
if europe implodes , no matter what BB does , the dollar will soar and metals will dive , metals are not the ultimate safe haven
if europe implodes , no matter what BB does , the dollar will soar and metals will dive , metals are not the ultimate safe haven
I never said metals were the ultimate safe haven, I am merely predicting what will happen if/when QE3 happens. America most likely will share the same fate as Europe but at a later date. The dollar might be the best looking turd in the toilet but its still going to get flushed eventually.
Is a safe haven something that goes down 25% when everything else goes down 50%.
There IS NO safe haven. There is just better stuff than other stuff.
Gold bugs that think gold is a safe haven don't understand the concept.
Even a farm is not a safe haven. Even your guns and ammo are not a safe haven.
There IS NO safe haven.
if that be true , it would lead me to conclude that selling everything and heading for the hills is foolish , cash isnt everything and good times eventually return , thats assuming you dont have everything in the likes of stocks in the first place
i bought it at 28 euro an ounce last september which was around $40 at the time , it was a poor buy
id be happy to buy apple at $640 , i can see apple at 740 before silver is back at $40
You're a lucky guy.. Is it about timing? Does it have a perfect timing?
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