Backyard Aquaponics
A place to discuss aquaponics

It started in mid April,2013. - today's date is May1,2013
Brief introduction here.
All of the major economies are inflating their currencies, printing money to debase their currencies.
As money looses its value, gold and silver prices will skyrocket.
Very mysteriously , the price of gold and silver dropped when it should be rising.
The people in the know, started buying silver and gold.
This is now, pretty well world wide.


If you get your phone book, and phone up your local coin and metals dealers, you will find that almost all gold and silver has been removed from circulation as they have sold everything in stock.
They will most likely tell you that there is no expected supplies coming any time soon.
This is world wide.
Just so you know. check your area and see.



As a side note, make sure your growing lots of food.

Actually gold prices have plummeted lately from what I heard. So the people who went out and changed all their cash over to gold because they fear the global zombie apocalypse/new world order government shutdown collapse, have lost value. BTW I don't subscribe to the view that we should invest in tulip bulbs because the world is ending in the year 2000 when the Mayan calendar ends and Obama is re-elected, I'm old enough to have heard this story for my entire adult life and am getting sick of it.

I guess we agree with you.
And so do the people in Cyprus.
and the people in Greece.


Sorry, forgot Iceland.

There is a culture in this world that has gone through a massive collapse. The funny thing is that the Mayan culture is alive and well, they just don't choose to live in huge cities. They live in small agricultural villages. Most of them are quite happy there too...

Prices plummeted because of the precious metals paper market, nothing to do with the physical supply/demand. Money used to be a receipt for gold, why did it change Dave ? Do you know ?

I have been warning about the coming "Gold Bubble" for three years now, people don't listen, ANYTIME you have marketers pushing an investment like that on every source of media you are bound to get an artificial inflation in the commodity. Tech, housing, and now gold when will people learn.......

BTW my dad who is a REAL investor won't touch a gold fund with a 10' pole, he has the same opinion of gold that I do. When it bursts I wounder what the next market game will be? Needs to be something with a nice sales pitch built in.

Gold is not in a bubble. And it is not pushed in ANY mainstream media channels (except maybe particular segments in FOX etc) Finance "experts" around the globe are making an effort to discount hold investing as much a possible. Infact the entire banking system depends on gold NOT being a mainstream investment.

A real investor would understand that gold is underpriced in a time of worldwide coordinated money debauchery. Usually it isn't an investment in the usual sense, it doesn't create income but merely stores value.

The sky is falling,

I can still buy gold bullion.
I will sell you a 99.99% pure cast 50oz bar for $75,000 if you are desperate. (plus postage)
How many would you like?
Buy 4 bars and me and the wife will hand deliver them for you.

I can also get a job working on a mine pulling it out the ground tomorrow if I like.

Makes sense to me. The gold price fell, so investors invested in it. This creates a short term shortage, unless of course you live in a country that pulls 150t per year out of the ground...

I will explain a case of market manipulation in silver.
There have been several cases, happening about every couple years apart.
In the middle of the night, when most silver investors are not monitoring the markets, the silver futures prices have been forced down to half its price, and brought back up, all within about 1/2 an hour or less.
So if the price of silver was about $30./ounce, it would be forced down to $15./ounce and then back up.


The purpose as I can figure out, is that by forcing the price down when few traders are online, futures stop loss orders are triggered, and the futures contracts are all sold out. Then the price is brought back just up as rapidly.
There are very large numbers of contracts traded in a very short time frame. When the traders check in the morning, they find that they do not have any open contracts, and would have to buy in at a higher price, to get back in the market.


So, traders who happen to be online at that time, could buy in at a very low price and make a substantial profit, in a very short period of time.
That is also considering that they did not buy in too early and loose too much.


If people do not call that silver market manipulation, just how do they explain that ?



They are not able to do this with the gold markets, as the gold markets usually have more traders watching at all hours , in different countries, and those traders would jump in at the lower gold prices.

Oh come on.... Where's some basis behind this??

I thought gold was dropping in expectation that the bullion reserves in those cash strapped economies were going to be offloading gold to build up cash reserves...

And you realise that just because it is the middle of the night for you, doesn't mean it is for other countries.
And they trade in their business hours, not yours.
Gold and silver prices are world prices.
So those small amount of investors online covers all of Australia, Asia, New Zealand, Russia etc.

And 3 of the top 5 world producers of Silver are.... Australia, China and Russia.
So it makes sense that during their business hours there may be fluctuation in prices as new information is revealed to the market.