Deflation It Is

smallpoxgirl · Moderator Joined: Nov 08, 2004 Posts: 6359

Oil down to $78. Gold down $82 so far today. Silver is down $2.50 today to $9.50. This is amazing.
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Arsenal · Posted: Fri Oct 10, 2008 12:12 pm Post subject: Re: Deflation It Is

What really sucks is there is no silver or gold to find. APMEX is completely out. Deflation is the game it looks like but if you can hold off selling your PM, inflation will hit sometime afterwords. IMHO.
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jlw61 · Posted: Fri Oct 10, 2008 12:13 pm Post subject: Re: Deflation It Is

If I was going to think about investing in a metal besides copper jacketed lead, it would be silver. Eventually it's going to skyrocket again.

I may be talking like a damned fool, but between the two, the idea of deflation strikes me as more managable than than hyper-inflation.
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threadbear · Expert Joined: Jan 22, 2005 Posts: 7763

We could get mired in a long term deflation, not measured in fiscal quarters but in years, decades. It's definitely deflationary, at the moment though. No doubt. But, remember the govt has a "tool kit" and they plan to use it, which would mean inflation. But, one thing can most assuredly be counted on and that is much much lower standard of living in the developed world.

smallpoxgirl · Moderator Joined: Nov 08, 2004 Posts: 6359

americandream · Posted: Fri Oct 10, 2008 12:51 pm Post subject: Re: Deflation It Is

green_achers · Posted: Fri Oct 10, 2008 12:52 pm Post subject: Re: Deflation It Is

I wouldn't put too much credence in the posted price for gold. That number for the paper market, IOW, the people who think they're buying something that might not even exist.

Go check out Kitco, CNI, NW Territorial, etc. Right now they're paying over spot to anyone foolish enough to part with their PM's and there is no physical product available.
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mattduke · Light Sweet Crude Joined: Oct 28, 2005 Posts: 1525

Remember, it is not the crash that will cause the hyperinflation, but the government's response to the crash, which comes later.

smallpoxgirl · Moderator Joined: Nov 08, 2004 Posts: 6359

americandream · Posted: Fri Oct 10, 2008 1:42 pm Post subject: Re: Deflation It Is

Starvid · Posted: Fri Oct 10, 2008 1:55 pm Post subject: Re: Deflation It Is

Sure seems like we are heading for low inflation or even deflation now, but when we reach peak oil in a few years, what then?

Though I guess this recession will push peak oil away a further year or three. The peak in 2015 guesses don't seem so weird anymore.
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Falconoffury · Expert Joined: May 25, 2004 Posts: 1471

With retail silver unavailable, we should expect to see a lot more futures traders taking delivery. I may do that myself. Then we shall really see if the markets are manipulated. If COMEX can't deliver, we will finally see a skyrocket in silver prices.
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smallpoxgirl · Moderator Joined: Nov 08, 2004 Posts: 6359

mattduke · Light Sweet Crude Joined: Oct 28, 2005 Posts: 1525

Physical silver did not go down in price today. Ebay bars are at $1600, almost 60% over the paper price.

sittinguy · Heavy Crude Joined: Sep 07, 2007 Posts: 382

ALRITE, I will reluctently, admit this looks like deflation. But just wait, me and all the other inflation believers will get our day in the sun. After you deflationist are done laughing it up you better go out and get some sun screen.

Oil will probably come back up soon. We all know they will slow supply to get the higher price, it just takes time to feel it. .

I was VERY confused with gold and silver today.. And sad, I want to see gold and silver go up,, UP