Economy
Related: About this forumIs anyone in this forum watching the POG and POS?
At market closing:
POG-1737.30
POS-33.99
BHN
SheilaT
(23,156 posts)Can't think of anything for the first, but for the second I can only come up with Piece of Shit or Point of Sale, and I seriously doubt you mean either of those.
BeHereNow
(17,162 posts)Many people transferred monetary assets to metals.
I am one of those people, so I watch the POG and POS closely.
So far, I am so happy that I took a percentage of our assets and
protected them in metals.
We made the move about ten years ago, so we have done well.
Just wish we would have transferred more!
BHN
Fuddnik
(8,846 posts)rhett o rick
(55,981 posts)BeHereNow
(17,162 posts)that follow the metal market.
Maybe not?
BHN
rhett o rick
(55,981 posts)It doesnt mean anything to me. The prices go up and they go down. They are currently lower than they were last year.
Do you think the price increase means something specific?
BeHereNow
(17,162 posts)It has been stagnant for a considerable period of time after
a swooshing rise some months ago-
I am interested to hear others thought on the move.
I figured this forum was the place to discuss it.
BHN
rhett o rick
(55,981 posts)BeHereNow
(17,162 posts)My rule is if the price dips to double what I paid, I'll sell.
So far, they haven't even come close to that.
Why do you recommend selling?
BHN
rhett o rick
(55,981 posts)BeHereNow
(17,162 posts)bhn
rhett o rick
(55,981 posts)BeHereNow
(17,162 posts)bhn
rhett o rick
(55,981 posts)BeHereNow
(17,162 posts)If silver dips, I hope you DO buy!
BHN
Mojorabbit
(16,020 posts)I too am interested in why silver is starting to rebound
dixiegrrrrl
(60,010 posts)I am following silver more closely than gold, actually, because of all the claims that JP Morgan is trying to control the prices.
And I am hearing quite a few non-mainstream pundits all pointing to much higher gold prices in the very near future.
Pls. continue, if you will, to post about current prices and information.
BeHereNow
(17,162 posts)We live in VERY interesting times.
Don't know if you were here many years ago,
but there was a great guy who posted as "JUNKER"
He was eventually banned, unfortunately, because he just
didn't know how to avoid the "bait."
Do a search and see if you can find any of his posts
in the OLD economic forum.
Prophetic stuff...
He was one of the reasons I got into metals.
SOOOOOOOO glad I did!
BHN
BeHereNow
(17,162 posts)There are many Junker threads in the archives- I highly recommend them.
I still think about him, all these years later-
I hope he is well.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x3039#3433
BHN
Junker, if you still read here.
dixiegrrrrl
(60,010 posts)Much of the stuff has come to pass, and many of the factors mentioned ( Iran selling oil in Euros, problems inherent with T-bill sales and the dollar, etc) are exactly what is happening now.
Tansy_Gold
(17,815 posts)Refresh and you should get current prices.
BeHereNow
(17,162 posts)Don't know what that is-
I use the Kitco live market page to follow the PMs.
Wish to hell I'd had some cash when Palladium was 200.
sigh...
BHN
CatholicEdHead
(9,740 posts)Look on the list, there is a daily thread on it.
BeHereNow
(17,162 posts)bhn
Tansy_Gold
(17,815 posts)Many don't, you know.
BeHereNow
(17,162 posts)Pretty much watching every dime right now, but
feeling somewhat secure because of the metal I bought
years ago.
Don't want to touch it because we consider it our safety net.
But it is good to know it is there in case of an total meltdown.
BHN
Tansy_Gold
(17,815 posts)Just sayin'.
Whatever you have saved/invested is "spare" cash. If it's not going to pay for daily living, it's "spare."
As I said, be glad you have it. Many don't.
Ruby the Liberal
(26,216 posts)BeHereNow
(17,162 posts)Lots of great posters on Kitco- lots of dumb asses too-
Sort of like, well, you know.
BHN
Fuddnik
(8,846 posts)Nothing I can do about either one.
banned from Kos
(4,017 posts)by saying the Fed Funds rate is likely to remain unchanged until 2014.
therefore this bubble may have some legs to it.
Other commodities have normalized (crude oil, coal, copper).
Overlay the charts - the bubble will become obvious.