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The Bobsie twins, Burleson and Brinker, are fiat money lovers. So, they will always bash precious metals whenever they get the chance. In this case it was a little premature as they have rebounded like a champ.

Business Insider
Gold $1143
Silver $ 14.59

Current Price
24hrgold.com
Gold $1173.60
Silver $ 15.71

http://www.24hgold.com/english/home.aspx

I have a small portion of my 401k invested in a precious metals fund. Thankfully it's only a small amount because all it has done is tank since I purchased it. If it ever goes back up to a decent value, I'm getting rid of it. The rest of my funds are doing pretty well, just not that one.

well Gold and Silver is still up there for the guys that bought physical Gold at about $280.00 an ounce in about 2001 and physical Silver at about $6.00 an ounce in the late 90s , early 2000s [about] .

crocmommy wrote:I have a small portion of my 401k invested in a precious metals fund. Thankfully it's only a small amount because all it has done is tank since I purchased it. If it ever goes back up to a decent value, I'm getting rid of it. The rest of my funds are doing pretty well, just not that one.

You might want to consider buying some more instead. It's up $48 already today!

--- http://www.businessinsider.com/gold-ral ... -1-2014-12 --- course if I recall correctly it was up to about 1800 dollars an ounce at one time a few years ago .

Someone jumped in the last hour yesterday and knocked $40 off the gold price before the close. Probably the FED. They are about the only one with the inclination and ability to do that. Pretty easy when you can sell massive quantatites of naked shorts and not worry about loosing money since you can just print it up.

There doesn't need to be a grand conspiracy for the price to drop.

It's this simple...

Sellers couldn't find people willing to pay the current price..so the price drops.

GFB wrote:There doesn't need to be a grand conspiracy for the price to drop.

It's this simple...

Sellers couldn't find people willing to pay the current price..so the price drops.

The central banks manipulate the gold price using paper gold, derivatives, to keep the value of their currency up. So, the actual value of gold is much higher once the manipulation stops.

Watch the video here. You might learn something.
http://www.thedailysheeple.com/mainstream-media-finally-admits-to-massive-gold-manipulation_122014

planosteve wrote:

GFB wrote:There doesn't need to be a grand conspiracy for the price to drop.

It's this simple...

Sellers couldn't find people willing to pay the current price..so the price drops.

The central banks manipulate the gold price using paper gold, derivatives, to keep the value of their currency up. So, the actual value of gold is much higher once the manipulation stops.

Watch the video here. You might learn something.
http://www.thedailysheeple.com/mainstream-media-finally-admits-to-massive-gold-manipulation_122014

Thanks for the kookberger update.

Gold is not on the Fed's radar screen.

But I guess if I was a CD investor these days..I might think there is a conspiracy against me, too.

But, if I was to go with your theory..wouldn't the theory instruct me to stay out of gold,,and invest in places the Fed favors?

GFB wrote:But, if I was to go with your theory..wouldn't the theory instruct me to stay out of gold,,and invest in places the Fed favors?

Yes, but it depends where you are in the cycle. I think your a little too late to start now. It would be like investing in 1929 or 1999 or 2007. Good luck with that!

If the Fed is, as you say..doing what it can to manipulate the price of gold downward..anyone in gold is a target.

GFB wrote:If the Fed is, as you say..doing what it can to manipulate the price of gold downward..anyone in gold is a target.

Stay out of paper gold, derivitavies. Just buy bullion or coins and hold them. Much safer. Or mining shares or mutual funds if they are going up, you get leverage.

planosteve wrote:

GFB wrote:If the Fed is, as you say..doing what it can to manipulate the price of gold downward..anyone in gold is a target.

Stay out of paper gold, derivitavies. Just buy bullion or coins and hold them. Much safer. Or mining shares or mutual funds if they are going up, you get leverage.

I'm not sure what you mean by "safer."

But people that by physical gold are in for a big surprise when they try to sell it.

GFB wrote:

planosteve wrote:

GFB wrote:If the Fed is, as you say..doing what it can to manipulate the price of gold downward..anyone in gold is a target.

Stay out of paper gold, derivitavies. Just buy bullion or coins and hold them. Much safer. Or mining shares or mutual funds if they are going up, you get leverage.

I'm not sure what you mean by "safer."

But people that by physical gold are in for a big surprise when they try to sell it.

What surprise is that?

You can count on about 50 cents on the dollar of whatever the going rate is.

GFB wrote:You can count on about 50 cents on the dollar of whatever the going rate is.

I don't know, I've never bought or sold any. But, do you have anything to base that on or did you just make it up?

only thing I know is that at Liberty Coin over by Long Beach California [signal hill I think] they say that they buy and sell at spot prices plus a few dollars commission on each transaction . Now in a pawn shop they won't generally give spot but at a bullion dealer they said that they pay spot . I called Liberty one time in about 2006 when Gold was about 800 dollars [spot] an ounce and I just asked them what they were paying for gold and the guy on the phone said that they pay spot . The only experience I have is in checking out how gold dealers and pawn shops do business and I've talked to bullion dealers and pawn shops just because I am interested . I used to always check out coin dealers , pawn shops just for fun . I've attended big time metal , currency shows in Long Beach and other big cities . I ain't no expurt !!

another observation of mine . Most people with gold have jewelry and have no idea what it is worth regarding gold content . Bullion gold is easy to check , same as junk pre 64 silver American coins but then you have to get to a bullion dealer to sell and his showroom might be a few hundred miles away so a lot of people that need the money sell to pawn shops or to a traveling buyer that comes into town and rents a meeting room in a hotel and buys bullion and other valuables , probably at 50 cents on a dollar . Around where I live there are 2 coin , bullion and currency dealers right in town and its a small town .