All the eggs in China's basket

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Apr 16th 2013, 4:36 am

#16

Beoz

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Re: All the eggs in China's basket

A Dollar aint looking so hot today either .....

Apr 16th 2013, 5:04 am

#17

renth

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Re: All the eggs in China's basket

Quote:

Originally Posted by steve_kelly_and_boys

i cant get onto the perth mint bullion buying website for love nor money

I'm going to go after work and see what's going on. I reckon this is it. The big one, the COMEX default that no one could have seen coming.

Force Majeure Was the End Game All Along!

http://blog.milesfranklin.com/force-...game-all-along

Apr 16th 2013, 7:23 am

#18

Zen10

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Re: All the eggs in China's basket

Quote:

Originally Posted by renth

Problem is, the big one has been imminent for years now.

Apr 16th 2013, 9:39 pm

#19

Beoz

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Re: All the eggs in China's basket

Quote:

Originally Posted by renth

........ so in translation, precious metals are about to fall through the floor? What's that mean for the mortals?

Apr 16th 2013, 10:27 pm

#20

ozzieeagle

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Re: All the eggs in China's basket

Quote:

Originally Posted by renth

Today will be a bad one on the Aussie markets.

Yesterday I had my face torn off and then my arse was handed to me. Worst day ever in my investing life, lost thousands...

Ho hum, easy come, easy go.

Should have listened to GG re the banking stocks........

Apr 16th 2013, 10:56 pm

#21

steve_kelly_and_boys

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Re: All the eggs in China's basket

Quote:

Originally Posted by renth

so was there anything happening down there ??

not sure whether to buy today or wait and see what happens this week

Apr 16th 2013, 10:59 pm

#22

steve_kelly_and_boys

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Re: All the eggs in China's basket

just seen perth mint are out of stock of both 10oz and 1kg silver bars........surely they just need to update their inventory

Apr 16th 2013, 11:40 pm

#23

Zen10

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Re: All the eggs in China's basket

Quote:

Originally Posted by steve_kelly_and_boys

so was there anything happening down there ??

not sure whether to buy today or wait and see what happens this week

At this stage you're better off putting your money behind Monetary Armageddon, the 3.30 at Flemington.

Apr 16th 2013, 11:58 pm

#24

renth

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Location: Ilukapool. WA

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Re: All the eggs in China's basket

Quote:

Originally Posted by steve_kelly_and_boys

just seen perth mint are out of stock of both 10oz and 1kg silver bars........surely they just need to update their inventory

I saw a report on Silverstackers (maybe the same one you saw) that they were out of 10oz'ers but it wasn't true. I was in yesterday afternoon and they had 10oz bars. I looked into the vault and there was heaps of either kilo or 100oz bars, I couldn't tell which.

...but for how much longer? Everyone was buying.

Last edited by renth; Apr 17th 2013 at 12:13 am.

Apr 17th 2013, 12:29 am

#25

renth

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Location: Ilukapool. WA

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Re: All the eggs in China's basket

Quote:

Originally Posted by Beoz

........ so in translation, precious metals are about to fall through the floor? What's that mean for the mortals?

It means the "paper" silver price i.e. ETFs like SLV or PSLV, GLD, futures contracts etc... will totally plummet except you won't be able to buy physical metal anywhere at any price. The COMEX shuts down for a few days and then its a cash market with prices multiples higher.

This video is interesting...

http://www.youtube.com/watch?feature...&v=ZhFZF940eYU

Apr 17th 2013, 12:35 am

#26

ozzieeagle

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Re: All the eggs in China's basket

Quote:

Originally Posted by renth

Why would people be buying raw silver if the price is about to plummet ? Is there a bounceback predicted or something ?

Apr 17th 2013, 12:43 am

#27

Zen10

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Re: All the eggs in China's basket

Quote:

Originally Posted by ozzieeagle

Why would people be buying raw silver if the price is about to plummet ? Is there a bounceback predicted or something ?

I'm putting all my wealth in chocolate digestives. I've been hoarding them for weeks.

Apr 17th 2013, 12:51 am

#28

renth

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Location: Ilukapool. WA

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Re: All the eggs in China's basket

Quote:

Originally Posted by ozzieeagle

Why would people be buying raw silver if the price is about to plummet ? Is there a bounceback predicted or something ?

Have a watch of the video and do a bit of Googling. I don't want to go into too much detail here but some people, myself included believe the precious metals markets are heavily manipulated and this can only go on for so long before a huge upswing in price.

The current prices of gold and silver are pretty close to or below the cost of primary production.