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Silver going up-up-up! 10 year high.

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peabody71 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-05 05:33 PM
Original message
Silver going up-up-up! 10 year high.
$9.00 an ounce today.
Has anyone else noticed?
Silver has been predicted to do this for quite some time. A sign of artificial pricing which inevitably leads to explosive prices. Silver being both monitary and a precious metal. Silver prices have no good reason to ever go down.
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medeak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-05 05:40 PM
Response to Original message
1. am following gold
highest in 18 years. Got call from China wanting to buy our company today (build gold processing mills)

Bush economy is good for some of us at least...
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Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-05 05:49 PM
Response to Original message
2. So is gold and that is a harbinger of things to come.
Gold and Silver are still a very strong investment...
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medeak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-05 06:04 PM
Response to Reply #2
5. I just don't know if it will keep accelerating....
am hesitant to invest now.
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thecrow Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-05 05:52 PM
Response to Original message
3. This is bad news for our company
WE have a silver manufacturing business.... prices will have to go up.
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medeak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-05 06:02 PM
Response to Reply #3
4. self delete..
Edited on Fri Dec-09-05 06:03 PM by medeak
misread post!
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-05 06:09 PM
Response to Original message
6. Gold and silver are both going up and up
which means something is coming, whether it's runaway inflation (likely) a deep depression (somewhat likely) or the next world war (gawd, I hope not). Historically, that's what quickly escalating precious metals prices have meant.

Whaever it is, we have no control over it and there's no way for an ordinary person to prepare for it.

Hold onto your hats.
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medeak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-05 08:11 PM
Response to Reply #6
8. It's been going up steadily for last two years....
and what I've been reading is it could go up some more or take a real big dive.

Japan, Russia and several other countries raised prices last two weeks by purchasing more gold.

Mind you England and other countries sold of several years ago and it tanked the price.

Would be hesitant to do anything now that it's so high. The time to buy was 4 years ago (when Bush took office)
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Lefty48197 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-05 06:17 PM
Response to Original message
7. WOW!
Hadn't noticed, but I probably should have considering the price of gold today. People invest in precious metals when they think the economy is falling apart.
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