The Imminent Plunge Of Gold And Silver Prices And What It Means To You

LOOKS LIKE LITTLETON COIN COMPANY HAS A PRICING PROBLEM ON THEIR HANDS. THEY ARE SELLING GENERIC 1oz BARS OF SILVER FOR $82.50 WHEN THE SPOT PRICE IS HOVERING AROUND $29.00.
LET'S SAY YOU WORK A MINIMUM WAGE JOB @ $7.25 AN HOUR. YOU WOULD MAKE $58.00 A DAY OR $290 A WEEK BEFORE TAXES. YOU COULD WORK A WHOLE WEEK FOR 3.555oz OF SILVER IF YOU PAID LITTLETON'S  PRICE. HOWEVER IF YOU PAID THE SPOT PRICE OF $29.00, YOUR WEEK OF WORK WOULD BE = TO 10oz OF SILVER. ANY REPUTABLE DEALER WOULD BUY YOUR 1oz OF SILVER FOR SPOT PRICE MINUS A COMMISSION OF ABOUT $1.50. IF YOU WENT TO A REPUTABLE DEALER TO PURCHASE 1oz OF SILVER, YOU WOULD PAY SPOT PRICE PLUS ABOUT A $2.00 MARKUP OR A COMMISSION.

THE RUN UP IN THE PRICE OF GOLD AND SILVER IS UNSUSTAINABLE AS THE ONLY PEOPLE HOARDING GOLD AND SILVER ARE THE VERY RICH AND COUNTRIES LIKE RUSSIA AND CHINA WHO WANT TO BACK THEIR CURRENCY WITH HARD ASSETS. I SAW THIS ALL PLAY OUT BEFORE IN THE EARLY 80'S WHEN SILVER PRICES BUSTED THROUGH THE $50 AN OUNCE BARRIER. BACK THEN, THE HUNT BROTHERS TRIED TO CORNER THE SILVER MARKET, FAILED AND PRICES PLUMMETED BACK TO EARTH.  

ALSO, IN 1980 GOLD PRICES PEAKED AT NEARLY $600 oz - GOLD AS AN INVESTMENT IS ALSO DUBIOUS DUE TO MARKET FLUCATIONS BY THOSE ON THE INSIDE WHO USE INSIDE INFORMATION TO SIGNAL BUY AND SELL OPPORTUNITIES.WHILE GOLD COINS ARE HIGHLY DESIRABLE BECAUSE OF THEIR BEAUTY AND PORTABILITY, GOLD FOR THE MOST PART IS A MISERS' INVETMENT. NOT WANTING TO BE HOODWINKED BY BANKERS OR GOVERNMENT, MISERS COLLECT GOLD IN IT'S VARIOUS FORMS SO THEY CAN HAVE SOMETHING TO PLAY WITH ON A LONG WINTERS NIGHT.

WHAT IS REALLY STARTING TO HAPPEN NOW, IS, THE GOLD AND SILVER MARKETS ARE CONTRACTING AND IF YOU HOLD ANY SIGNIFICANT AMOUNT OF PRECIOUS METALS, I WOULD CASH IT ALL IN TODAY. YOU CAN'T ACTUALLY GO TO A GROCERY STORE AND PAY WITH SILVER AND GOLD UNLESS YOU KNOW THE OWNER AND CAN DEAL WITH HIM DIRECTLY. SO WHAT'S THE POINT OF HOLDING THESE SO CALLED "HARD ASSETS" IF THEIR PRICES ARE GOING TO PLUNGE?

SO, HANG IT UP FOR GOLD AND SILVER BECAUSE THE STAGE IS SET FOR THEIR PRICES TO PLUMMET. ALL OF THOSE FLY BY NIGHT OUTFITS,[RIPOFF ARTISTS ACTUALLY] WHO SET UP SHOP TO BUY YOUR GOLD FOR WAY LESS THAN THE SPOT PRICE, WILL BE SHUTTERING THEIR DOORS AND CLOSING UP SHOP WHILE BEAT FEETING IT OUT OF TOWN! YOU KNOW WHAT I SAY? GOOD RIDDANCE!