Bye Bye to GOLD and SILVER? | Forex Factory

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Bye Bye to GOLD and SILVER?

  • #1
  • First Post: Edited 6:31pm Apr 25, 2011 5:47pm | Edited 6:31pm
Are XAU and XAG going to be phased out for forex brokers this July by the NFA? I heard this from a GFT representative.
The trend is my friend? The world casino is my friend!
  • #2
  • Apr 25, 2011 6:04pm Apr 25, 2011 6:04pm
With fiat currencies collapsing I can see them pulling a stunt like this. They already keep increasing the margin requirements for the contracts and making it more difficult to trade gold and silver.

The end is near.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #3
  • Apr 25, 2011 9:50pm Apr 25, 2011 9:50pm
Yep, I have always thought they would do it....I'm thinking once Gold hits around the $2000 mark they will regulate the shit out of Gold n Silver! Cause these will be the only things of use once some of the BIG currencies collapse ie USD!
Even If It Is A Minority Of One, The Truth Is Still The Truth!!!
  • #4
  • Apr 25, 2011 9:57pm Apr 25, 2011 9:57pm
Paper metals are a farce anyways, there's not enough "real stuff" to back all open positions. E-gold/silver is a shell game.

Physical is the only way to go for the long haul.

fwiw,
  • #5
  • Apr 25, 2011 10:06pm Apr 25, 2011 10:06pm
Quoting auxesis
Paper metals are a farce anyways, there's not enough "real stuff" to back all open positions. E-gold/silver is a shell game.

Physical is the only way to go for the long haul.

fwiw,
Totally agree!......If you don't own it physically, you don't own shit!
Even If It Is A Minority Of One, The Truth Is Still The Truth!!!
  • #6
  • Apr 25, 2011 10:15pm Apr 25, 2011 10:15pm
I want to buy some silver bullion but I am having a hard time pulling the trigger, I keep looking at silver chart and thinking "this thing has to correct at some point". But I would not be surprised if it just keeps going.
  • #7
  • Apr 25, 2011 10:23pm Apr 25, 2011 10:23pm
Quoting Jimmy Jones
I want to buy some silver bullion but I am having a hard time pulling the trigger, I keep looking at silver chart and thinking "this thing has to correct at some point". But I would not be surprised if it just keeps going.
Well, if you believe silver will go to the triple digits then just buy a little now and then dollar cost average on the way down or up. I know I'm going to get flamed for saying "dollar cost average". But if you believe in the bull market then any price today is a good price.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #8
  • Apr 25, 2011 11:26pm Apr 25, 2011 11:26pm
Well what would be an alternative to gold and silver if they prohibit it in FOREX? AUS, CAD?
The trend is my friend? The world casino is my friend!
  • #9
  • Apr 25, 2011 11:29pm Apr 25, 2011 11:29pm
Quoting CapitalismPr
Well what would be an alternative to gold and silver if they prohibit it in FOREX? AUS, CAD?
You go to coin shops and buy the real stuff.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #10
  • Apr 26, 2011 1:09am Apr 26, 2011 1:09am
Well what would be an alternative to gold and silver if they prohibit it in FOREX? AUS, CAD?

I would have 6 months worth of non-perishable foods and a decent supply of water.

If the dollar crashes, there will most likely be disruptions in the food supply chain as the US transitions to a global currency.
  • #11
  • May 9, 2011 8:16pm May 9, 2011 8:16pm
Some experts were saying the same in april 2010, when they said that GOLD hit a record high, and that the bubble was going to crash and gold was going down like a rollercoaster.

See what happened.

I think GOLD will keep bullish for all 2011. (25-30% for 2011)

Then we will see. Hard to make expectations for 2012 right now.
The Black Swan: The Impact of the Highly Improbable
  • #12
  • Jun 19, 2011 2:02pm Jun 19, 2011 2:02pm
To the best of my knowledge,you're the first person to call this right. I wish you were wrong. Looks like OTC PM will be banned starting July 15th 2011.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #13
  • Jun 19, 2011 2:22pm Jun 19, 2011 2:22pm
Try to remember that there is a market outside of the US private investor. The biggest market in gold is in London and as usual the biggest buyers are making their purchases there.
Perspective needed re the market as a whole though it obviously "sucks" for US investors

beeb
  • #14
  • Jun 19, 2011 3:28pm Jun 19, 2011 3:28pm
It's no surprise to know that the largest firms help keep the price of silver and gold at artificial lowered levels through the use of paper silver/gold.

There's only one solution to this problem, and its what Ron Paul says, get back to the gold/silver currencies. Forget FIAT money, it has never EVER produced a longterm winning currency.

Real money, Real solutions,
  • #15
  • Jun 23, 2011 9:42am Jun 23, 2011 9:42am
Just read the articles and email communications regarding the alleged JP Morgan silver manipulation. Pretty disturbing. Will be interesting to see how this pans out, and if it does prove to be true how silver will respond.
  • #16
  • Jun 23, 2011 10:17am Jun 23, 2011 10:17am
suggest you listen to this:

http://www.kingworldnews.com/kingwor..._Douglass.html

beeb
  • #17
  • Last Post: Jun 28, 2011 12:46am Jun 28, 2011 12:46am
Quoting Jimmy Jones
I want to buy some silver bullion but I am having a hard time pulling the trigger, I keep looking at silver chart and thinking "this thing has to correct at some point". But I would not be surprised if it just keeps going.
I guess the question is What value can you put on it when it becomes the preferred method of payment, when fiat currency becomes worthless (as a matter of exchanging goods) and gold is impossible to have.

I am considering (seriously) heading to the Perth Mint and buying up some silver just for that day when hell opens up and swallows all those bits of paper with numbers written on them.

And as LVG stated, you can average it out if need be. With the new ruling coming in to stop the trading of silver by small partys there may be a decline but holding some physical for the time when it is needed will outweight that.

RT
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