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[–] 22858233? 2 points -2 points (+0|-2) ago 

In times of financial panic, value of all assets drops.

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[–] 22859098? ago 

Is the value of the US dollar dropping?

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[–] 22861504? ago 

Yes, but countries peg their currency to it. You are receiving less for your dollar.

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[–] 22858331? 1 point -1 points (+0|-1) ago 

Now is the time to buy Gold and Silver if you don't have some already. I use Camino Coin Company.

We are moving to a Gold-backed treasury note. No more federal reserve notes. The time is now.

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[–] 22859595? ago 

When I liquidated my IRA last week all share-holdings get sold off.

This could be in precious metals, this could be in retail, this could be in transportation. I don't know, but I surrendered my entire IRA last week and am happy I did. I'm sure there are others doing the same, which would affect a wide-variety of areas in the stock market.

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[–] 22858601? 0 points 1 point (+1|-0) ago 

Who is to say we as a species need gold or silver anymore ?

The value should be for manufacturing and science coming up with a synthetic replacement.

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[–] 22861480? ago 

Diamonds made in a lab.

Pearls grown in labs.

The ones who control the labs control the wealth.

Stick to gold, silver and titanium. Shiney enough to to be displayed and has survived the test of time.

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[–] 22864101? ago 

I would agree for titanium

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[–] 22859356? 0 points 1 point (+1|-0) ago 

Graphene

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[–] 22858938? 0 points 1 point (+1|-0) ago 

A "synthetic replacement" wouldn't be a "precious" metal and wouldn't be valuable now would it.

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[–] 22864132? ago 

But it would be used in manufacturing and no need for precious metals / wars over those metals

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[–] 22858989? 0 points 2 points (+2|-0) ago 

The prices of precious metals have been actively manipulated for a long time now. 'They' drive down the price, and buy the dip. Exactly what we should do if able.

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[–] 22858931? 0 points 2 points (+2|-0) ago  (edited ago)

Ponder this.....JP Morgan said after the crash of 1929. ....."only gold is money, everything else is just paper". So, when the bankers flee from paper what asset do they flock to? GOLD!!! They manipulate the price of precious metals down (because they can) then they load up. So should you, me, we.

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[–] 22858728? 0 points 5 points (+5|-0) ago 

Many investors, and speculators were in the stock market with narrow margins. For instance they put up 10%, and borrow the other 90% from the broker. When the stock drops in value, a margin call is generated, and the investor must either come up with money to maintain the margin on the stock or sell it. If they sell it, that decreases the price of the stock further. If they invest more money it has to come from somewhere, and for many that is from precious metals. So that drives the value of metals down, when it should normally be going up.

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[–] 22865072? ago 

It's in panic mode, people in panic do not think, the mob does not think logically it will be the stamp of crazy cattle and sheep. Some rich elites aty the top will make their pounds and shekels, they will sell hysteria