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Silver about to pass $40/oz!

the.gladiator1987

the.gladiator1987

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what up bitches. how you like that :D

I am calling it now - Silver WILL be $50/oz by the end of the year.

I already have $43.25 face value of silver....according to coinflation.com I have $1,236. Its all about accumulating over time, doesnt matter if its 40/oz, or drops to 20/oz. Ill always buy and when the time is right I will sell it at $150/oz

Have fun investing in your worthless federal reserve notes :)

Wal-Mart CEO Bill Simon expects inflation - USATODAY.com
Where has Silver come from and where is it going? - SilverSeek.com
 
lmao
 
calveless wonder said:
No diversification
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Everything else that you can diversify in is in federal reserve notes. And interest rates are less than inflation rates, lol. So Id be losing money letting my money sit in a bank with 1% interest

I will diversify once I have $200-$250 in Face value of silver. Ill start getting into riskier stocks
 
yup silver is breaking highs as is the stock market. if you had more money you could of invested in the ETF which is up 25% so far this year. you get killed with investing in silver coins.. the spreads that brokers take are massive. in the future. with an ETF you just pay a 1 time commission. you probably lose 25% alone just selling your coins to a broker.
 
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stevesmi said:
yup silver is breaking highs as is the stock market. if you had more money you could of invested in the ETF which is up 25% so far this year. you get killed with investing in silver coins.. the spreads that brokers take are massive. in the future. with an ETF you just pay a 1 time commission. you probably lose 25% alone just selling your coins to a broker.
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Problem with an ETF is that they are not backed with physical silver, which is the whole point of getting a silver ETF...they are allowed to pay you in federal reserve notes. I would rather have the silver in my posession

Also on Ebay they are going for a good amount. I paid the exact melt value for 10 half dollars. Including shipping. Ebay is awesome because it shows what people are ACTUALLY paying for silver, not what some magazine says.

I will eventually get into ETF's once I have established a good amount of physical silver. Actually the PHYS stock is by Eric Sprott, and he actually backs his ETF's with physical silver guaranteed
 
^^ yeah i understand your concern but my point is you can get in and out quickly with ETF's and you pay way less in commissions then you would trying to sell your coins. like you could of bought the ETF on new years.. sold it here.. pocketed 25%, and then re-bought on a pullback if you believe the price will continue to appreciate.

so if you are serious about silver investing you want to look at the silver ETF's.. or even silver stocks instead of coins. plus what happens if someone steals your bags of silver? i would buy a safe atleast. i've had stuff stolen from my house by friends or friends of friends. jewelry, money, etc. people are shady like that.. your gf could have a friend stop by and she could see your coins and snag a few.. thats actually what happened to one of my X's.. she had a party with some friends, the next day her necklace was gone
 
stevesmi said:
^^ yeah i understand your concern but my point is you can get in and out quickly with ETF's and you pay way less in commissions then you would trying to sell your coins. like you could of bought the ETF on new years.. sold it here.. pocketed 25%, and then re-bought on a pullback if you believe the price will continue to appreciate.

so if you are serious about silver investing you want to look at the silver ETF's.. or even silver stocks instead of coins. plus what happens if someone steals your bags of silver? i would buy a safe atleast. i've had stuff stolen from my house by friends or friends of friends. jewelry, money, etc. people are shady like that.. your gf could have a friend stop by and she could see your coins and snag a few.. thats actually what happened to one of my X's.. she had a party with some friends, the next day her necklace was gone
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This is a long term investment. But you are right I absolutely want to get into ETF's as shorter term investing. But right now the way I see it is that when you have the physical silver then you have nothing to worry about, except someone maybe stealing it but I will get a safe. I wont be so open about having silver to people around me either, ppl are shady as fuk.
 
Gladiator, i'm with you on $50 silver this year, anyone who hasn't been investing in precious metals is a fool. The dollar is done, toast, stick a fork in it, too much money printing, intrest rates have been too low for too long, masssive inflation is happening right now as we speak. The GSR has been falling steadily and now sits around 37:1, it will keep falling and silver will keep going up. My advice to you is don't buy paper silver, that BS about taking a 25% hit through a broker is BS, you can sell physical silver to my deal right now for less than 5% under spot, paper silver is worthless as there is not enough pysical silver in the world to back it up. What ever you do, hold your position, if you can buy more great.....
 
jokerswild said:
Gladiator, i'm with you on $50 silver this year, anyone who hasn't been investing in precious metals is a fool. The dollar is done, toast, stick a fork in it, too much money printing, intrest rates have been too low for too long, masssive inflation is happening right now as we speak. The GSR has been falling steadily and now sits around 37:1, it will keep falling and silver will keep going up. My advice to you is don't buy paper silver, that BS about taking a 25% hit through a broker is BS, you can sell physical silver to my deal right now for less than 5% under spot, paper silver is worthless as there is not enough pysical silver in the world to back it up. What ever you do, hold your position, if you can buy more great.....
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you do realize money doesnt just get printed and printed and printed just like monopoly money....
 
nangiggles said:
you do realize money doesnt just get printed and printed and printed just like monopoly money....
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Wow, you need to do a little research before you speak on a subject you know nothing about, start with researching Quantitaitve Easing...........
 
the.gladiator1987 said:
This is a long term investment. But you are right I absolutely want to get into ETF's as shorter term investing. But right now the way I see it is that when you have the physical silver then you have nothing to worry about, except someone maybe stealing it but I will get a safe. I wont be so open about having silver to people around me either, ppl are shady as fuk.
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lmaooooooooooooooooooooooo


A few people seriously need to enroll in an Econ 101 course up in this bitch.
 
75th said:
lmaooooooooooooooooooooooo


A few people seriously need to enroll in an Econ 101 course up in this bitch.
Click to expand...

Hmm, educate me on silver and its price outlook and your price forecast for PM's in general. Also if you don't mind explain to me how JP Morgan plans on covering their naked short contracts and while you are at it your theory on why China is the biggest net importer of silver now, thoughts on the dollar index also???...........oh heres a link to a 10 year chart on silver, and yes that is a 10 fold upward movement :)

http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx
 
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jokerswild said:
Hmm, educate me on silver and its price outlook and your price forecast for PM's in general. Also if you don't mind explain to me how JP Morgan plans on covering their naked short contracts and while you are at it your theory on why China is the biggest net importer of silver now, thoughts on the dollar index also???...........
Click to expand...

You are the one who has reading to do my friend :)
 
lartinos said:
You are the one who has reading to do my friend :)
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Not according to the charts and my silver stack, hmmm bought at $17, trading at around $40 now with massive inflation and the next round of QE on the way, I'll leave the reading to you guys, im having fun just looking at the pictures........
 
lol @ posting a 10 year historical chart as if it's anywhere indicative of future results.
 
75th said:
lol @ posting a 10 year historical chart as if it's anywhere indicative of future results.
Click to expand...

nice try at spinning,maybe you can understand something a little more simple like supply and demand, nevermind that would prob go over your head too.............
 
Youre right....it's not like I do this for a living or anything.

Keep looking at pictures of what something has already done and make your investment decisions off of that.
 
75th said:
Youre right....it's not like I do this for a living or anything.

Keep looking at pictures of what something has already done and make your investment decisions off of that.
Click to expand...

Your anti-silver I get it, no big deal, my investments are based more on reality and reaserach than some shill on Fast Money or advise from some 20's something geek in a suit with a degree from some diploma mill. Precious metals both gold and silver have performed well in the past, and yes the past is no indicator of future performance however, inflation, rising oil and energy costs and the huge supply demand from china does impact price. We are living in the greatest silver shortage in history, silvers demand on both the industrial side and investment side have never been higher, that is a fact you can't argue.
 
I'm not necessarily anti-silver, I'm more anti-investing in things for completely retarded reasons.

If you wanna buy silver more power to you. Just dont try to convince me of some collapse of the dollar doomsday scenario bullshit you learned from a few youtube videos.
 
^^^ not actually bullshit. you americans should already be convinced by your rapidly self-destructing dollar. but im not complaining, i'll keep buying cheap stuff from the states and paying with my far superior canadian dollar, JEAH!!!

and although im not taking sides, glad and joker are both very correct in their understanding of precious metals and inflation.
 
The Instrumentalist said:
glad and joker are both very correct in their understanding of precious metals and inflation.
Click to expand...

Who here is challenging the relationship between metals and inflation?

I just feel bad for glad's kid. Bor's gonna come up to him in 18 years and ask why glad doesnt have any money saved for his college education. Glad will pull a small, brown, wrinkled paper bag out of the back of his sock drawer and dump $1,237.45 worth of nickels and quarters out of it, shake his head, and tell his son "Things just didnt work out the way I heard they would."
 
I wonder if at some point the global economy will adopt the "supersovereign" reserve currency that has been spoken of to take the place of the American dollar.

Enroll in an beg/intermediate ECON/FIN class if you can. Im sure ppl on here will recommend some good reads. It will help you tremendously to have a better understanding. Not saying anybodys right or wrong, it will just open some doors to give you a better idea about investing in general.
 
Eventually, but chances are slim it will happen in our lifetime.
 
75th said:
I'm not necessarily anti-silver, I'm more anti-investing in things for completely retarded reasons.

If you wanna buy silver more power to you. Just dont try to convince me of some collapse of the dollar doomsday scenario bullshit you learned from a few youtube videos.
Click to expand...

Im not going to try to convince you, the proof is in the pudding, if you don't think the dollar is in trouble you are not living in reality, doomsday, I'm not going that far but there will be a faltering/collapse of the dollar and there will be a push for a worldwide currency. Do the words "debt ceiling" mean anything to you? Lets do this, lets say the dollar recovers and the index goes back around 90ish, lets say inflation goes down and so does unemployment (wow were really stretching it now), the fact is that silver production has not met silver demand for the past 15+ years. We have feeding demand from production and stockpile, but guess what THERE IS NO MORE STOCKPILE and they have found no new silver deposits, this means WE ARE RUNNING OUT OF SILVER ON PLANET EARTH. That is as simple as I can put it. Now one may ask why has the demand went so high the past 15 or 20 years. Silver is used as an industrial metal for everything from solar panels, circuit boards, anything that requires high conductivity, there is no replacement for it. Do you see this demand going down? No of course not, that is why China is buying every ounce they can, even at these prices because they know it is going much higher. Heres a little FYI the US mint produces American Silver Eagles, they are one ounce coins im sure you have seen them, did you know they sold more ASE's Jan. of this year than any other month in history? In fact they sold so many they had to HALT PRODUCTION because the US Mint was out of silver. Now I want you to think about that, the US Mint was out of silver.
 
I don't understand why silver gets hated on. Someone needs to break down both sides for me with some reading material.
 
the.gladiator1987 said:
Hahahaha fuckin fags, cant even provide reasons why its "retarded" to invest in silver? I'm glad some ppl finally agree with me on something lol. All u guys say is that its stupid, how bout u tell me why it is instead of beat around the bush and be Mr. Fuckin spellcheck
Click to expand...

Bro I dont think they are saying the you buying silver is retarded. Its your basis for buying the silver, doomsday scenario. Add that to the fact that your basically disregarding the 100s of thousands of people that have successfully played and continue to play the money markets on a daily basis. These people have become wealthy, created nice sums of retirement money, and steady income from investing. You cannot deny the fact that investing in stocks/bonds in the long term etc will yield a decent ROI. The chances of this doomsday are slim anytime soon, but obviously thats not out of the question.

I will say you do have is an investment that at worst you will always break even, and I cannot argue that. Good way to save some money forsure, not quite as liquid as dollar bills.
 
SPEKTOR-AAA said:
Bro I dont think they are saying the you buying silver is retarded. Its your basis for buying the silver, doomsday scenario. Add that to the fact that your basically disregarding the 100s of thousands of people that have successfully played and continue to play the money markets on a daily basis. These people have become wealthy, created nice sums of retirement money, and steady income from investing. You cannot deny the fact that investing in stocks/bonds in the long term etc will yield a decent ROI. The chances of this doomsday are slim anytime soon, but obviously thats not out of the question.

I will say you do have is an investment that at worst you will always break even, and I cannot argue that. Good way to save some money forsure, not quite as liquid as dollar bills.
Click to expand...

Idk why I even brought the post apocalyptic scenario up. That's not what I believe will happen. I do know that the us dollar is getting weaker and weaker so why would I invest anything into it. How come u don't play the stock market broo? There's a lot of risk in that. Times are different now. Were in trillions of debt that we weren't in 20 yrs ago.
 
jiggagold said:
I don't understand why silver gets hated on. Someone needs to break down both sides for me with some reading material.
Click to expand...

Do some research on Peter Schiff, he called the last recession, the bull market in precious metals and the collapse of the dollar, he is spot on with no BS, also look into the new silver/gold law Utah just passed, they are way ahead of the curve...
 
You're comparing the US currency to the global economic instability of the early 1900's, and citing a country that was on the losing end of one of the largest wars waged in history ?

If you actually knew what you were talking about you might cite a more plausible example like brazil or Argentina in the past 10-15 years, and even those situations are not analogous because both those countries largely lacked a middle class at the time.
 
These threads always bring the lulz.
 
calveless wonder said:
You're comparing the US currency to the global economic instability of the early 1900's, and citing a country that was on the losing end of one of the largest wars waged in history ?

If you actually knew what you were talking about you might cite a more plausible example like brazil or Argentina in the past 10-15 years, and even those situations are not analogous because both those countries largely lacked a middle class at the time.
Click to expand...

Zimbabwe is a good example, I think their money was devalued something like 1500000000000000 to 1.....
 
The US is a massive market, and the per person productivity is among the highest in the world. The countries that are significant holders of US currency cannot afford to dump their holding since it would destroy their equity as well as cripple their export ability to the US. China, for example, has a vested interest in a strong dollar since it allows us to buy all the stuff they desperately need for us to buy it. There's not another market that soaks up Chinese goods like the US.
 
the.gladiator1987 said:
Ok cw I'm jus citing examples. How aboout you give me reasons why investing in silver coins is a stupid, dumb, horrible idea
Click to expand...

Thats easy,buying physical silver is stupid because there are no broker fees, set-up or maint. fees, and the government cant get their hands on it. Basically you can buy silver, sit on, walk into any coin shop, sell it for or close to spot and walk out with all your money tax free, no middle man, the brokers and uncle sam hate that.........
 
Hyperinflation in the Weimar Republic

Look it up under wikipedia. it says:

The Treaty of Versailles, however, accelerated the decline in the value of the Mark, so that by the end of 1919 more than 47 paper Marks were required to buy one US dollar [3] . It is sometimes argued that Germany had to inflate its currency to pay the war reparations required under the Treaty of Versailles, but this is misleading, because the Reparations Commission required payment to be in gold marks or in foreign currency, not in the rapidly depreciating paper mark. [4][5]
 
the.gladiator1987 said:
Ok cw I'm jus citing examples. How aboout you give me reasons why investing in silver coins is a stupid, dumb, horrible idea
Click to expand...


Because you're putting all your money into one thing, that is relatively illiquid. You haven't even established a sell point (that's realistic). Why you wait for it to hit an unrealistic number like $150 an oz the value could take a shit.

Whenever you put your eggs in one basket, you're setting yourself up for failure.
 
SPEKTOR-AAA said:
The US is a massive market, and the per person productivity is among the highest in the world. The countries that are significant holders of US currency cannot afford to dump their holding since it would destroy their equity as well as cripple their export ability to the US. China, for example, has a vested interest in a strong dollar since it allows us to buy all the stuff they desperately need for us to buy it. There's not another market that soaks up Chinese goods like the US.
Click to expand...

No, we don't produce anything anymore, 3 things are propping up the US, we have the most powerful military in the world, we have the biggest gold reserve in the world, the Chinese are buying treasury bonds (our debt)..........
 
SPEKTOR-AAA said:
The US is a massive market, and the per person productivity is among the highest in the world. The countries that are significant holders of US currency cannot afford to dump their holding since it would destroy their equity as well as cripple their export ability to the US. China, for example, has a vested interest in a strong dollar since it allows us to buy all the stuff they desperately need for us to buy it. There's not another market that soaks up Chinese goods like the US.
Click to expand...

then why are they a main importer of silver now when they used to be a main exporter? They know that the dollar is weak and falling apart
 
calveless wonder said:
Because you're putting all your money into one thing, that is relatively illiquid. You haven't even established a sell point (that's realistic). Why you wait for it to hit an unrealistic number like $150 an oz the value could take a shit.

Whenever you put your eggs in one basket, you're setting yourself up for failure.
Click to expand...

way more liquid than a 401K, try taking that money out before you hit 60, major penalty, of course you can borrow from it, wait a minute, borrow my own money, WTF????
 
SPEKTOR-AAA said:
Bro I dont think they are saying the you buying silver is retarded. Its your basis for buying the silver, doomsday scenario. Add that to the fact that your basically disregarding the 100s of thousands of people that have successfully played and continue to play the money markets on a daily basis. These people have become wealthy, created nice sums of retirement money, and steady income from investing. You cannot deny the fact that investing in stocks/bonds in the long term etc will yield a decent ROI. The chances of this doomsday are slim anytime soon, but obviously thats not out of the question.

I will say you do have is an investment that at worst you will always break even, and I cannot argue that. Good way to save some money forsure, not quite as liquid as dollar bills.
Click to expand...

Ya, he is not in a position to be hoarding anything but money and diapers at this point. 21 year olds without an education or a career and a child need to not think like successful people who can invest their years of earnings, on the contrary he needs to just do the basics.
 
SPEKTOR-AAA said:
Thats ultimately the point, dont touch it until you retire.
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Not everybody plans on retiring at 60, I myself plan on being retired at 50, and with self discipline the same goals can be reached and reached sooner without being in a generic 401K fund......
 
Your absolutely right, I was stating a fact since you mentioned penalties. Just saying regardless ANY SAVINGS YOU DO the idea is to not touch it.

Obv not everyones plan is to retire at the same age, same month haha. Most of our plans is to retire at some point, no?
 
glad, pretty sure no one here is hating on silver, and no one thinks buying it is necessarily a bad idea. however, they think it's a bad idea for you.
 
SPEKTOR-AAA said:
Your absolutely right, I was stating a fact since you mentioned penalties. Just saying regardless ANY SAVINGS YOU DO the idea is to not touch it.

Obv not everyones plan is to retire at the same age, same month haha. Most of our plans is to retire at some point, no?
Click to expand...

Cool we agree for the most part, but liquidity is important, things change and they change fast sometimes, even your nest egg should be liquid and available if that time comes early......
 
Well, I have $1250 in savings in the past 6 weeks that I NEVER could have done using another form of savings. Plus silver is almost just as liquid as cash. Post it on ebay for a 24 hr auction, get paid via paypal, BAM I got money on my paypal debit card. Plus silver will gain 25% in 9 months :)

I do want to diversify. I wanna get an ira maybe, and a money market account, maybe
 
jackangel said:
glad, pretty sure no one here is hating on silver, and no one thinks buying it is necessarily a bad idea. however, they think it's a bad idea for you.
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Investing earlier IF afforadable is never a bad idea, have any of you ever heard of the rule of 72?
 
the.gladiator1987 said:
Well, I have $1250 in savings in the past 6 weeks that I NEVER could have done using another form of savings. Plus silver is almost just as liquid as cash. Post it on ebay for a 24 hr auction, get paid via paypal, BAM I got money on my paypal debit card. Plus silver will gain 25% in 9 months :)

I do want to diversify. I wanna get an ira maybe, and a money market account, maybe
Click to expand...

You forgot to mention the overpriced ebay and paypal fees involved, along with the fact it's an auction.
 
jokerswild said:
oh yea waay over my head.....
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So, like, ANYBODY can do it? It's so OBVIOUS, right, so EVERYBODY'S doing it!

Wait, how's that work again... when everyone does the same thing?



Nice flame, but next time at least pretend to have some sort of edge or know something others don't or have a triple-digit IQ or something.



:cow:
 
jokerswild said:
Not according to the charts and my silver stack, hmmm bought at $17, trading at around $40 now with massive inflation and the next round of QE on the way, I'll leave the reading to you guys, im having fun just looking at the pictures........
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if you bought at 17 get out now.


or if you don't want to, buy my morgans at coinflations current rates.
 
samoth said:
So, like, ANYBODY can do it? It's so OBVIOUS, right, so EVERYBODY'S doing it!

Wait, how's that work again... when everyone does the same thing?



Nice flame, but next time at least pretend to have some sort of edge or know something others don't or have a triple-digit IQ or something.



:cow:
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Oh yea now your talking moo moo, show everybody how smart you are!!!! I could give a shit less about what you think, anyone with half a brain wouldn't need someone with an "edge" or "pretending" to have a triple digit IQ to see silver is undervalued, it was undervalued at $5,$17,$27,and still is at $39 and I will buying until the GSR hits 30 or lower.....
 
redshirt27se said:
if you bought at 17 get out now.


or if you don't want to, buy my morgans at coinflations current rates.
Click to expand...

now is not the time to get out, I do use coinflation for a ref. on my 90% stuff, although I don't pay spot for junk silver due to wear.....
 
jokerswild said:
Oh yea now your talking moo moo, show everybody how smart you are!!!! I could give a shit less about what you think, anyone with half a brain wouldn't need someone with an "edge" or "pretending" to have a triple digit IQ to see silver is undervalued, it was undervalued at $5,$17,$27,and still is at $39 and I will buying until the GSR hits 30 or lower.....
Click to expand...


The psychological elements of investing are quite interesting and always good for teh lulz.

Wow, you sure are certain about this, brother. Naturally, you went all in -- sold the house, emptied the bank accounts and 401k. It's SO EASY! You're going to be rich, brother, RICH!!!

Please, tell us moar!



:cow:
 
samoth said:
The psychological elements of investing are quite interesting and always good for teh lulz.

Wow, you sure are certain about this, brother. Naturally, you went all in -- sold the house, emptied the bank accounts and 401k. It's SO EASY! You're going to be rich, brother, RICH!!!

Please, tell us moar!



:cow:
Click to expand...

I am certain I have made alot of money and silver has just begun to run, the houses, they are paid for, the bank accounts, there's still a few FRN's floating around, the 401k, never had one, never will, its so easy, yea its so easy, a couple of paper ads, some digital scales, a acid test kid would get you started, just be aware there are tons of fakes coming from China hence the scales and test kit, always buy below spot, always meet in public.
 
jokerswild said:
I am certain I have made alot of money and silver has just begun to run, the houses, they are paid for, the bank accounts, there's still a few FRN's floating around, the 401k, never had one, never will, its so easy, yea its so easy, a couple of paper ads, some digital scales, a acid test kid would get you started, just be aware there are tons of fakes coming from China hence the scales and test kit, always buy below spot, always meet in public.
Click to expand...


Why not sell the house if you're so sure this will make you RICH?

And lol @ always meet in public.

You've totally convinced me. IT'S SO EASY!



:cow:
 
jokerswild said:
I am certain I have made alot of money and silver has just begun to run, the houses, they are paid for, the bank accounts, there's still a few FRN's floating around, the 401k, never had one, never will, its so easy, yea its so easy, a couple of paper ads, some digital scales, a acid test kid would get you started, just be aware there are tons of fakes coming from China hence the scales and test kit, always buy below spot, always meet in public.
Click to expand...

For some reason meth or cocaine dealings came to mind when you said that hahahahah
 
I think inflationary pressures right now are driving the commodities price surge.

I would still hold Gold rather than US$ for the moment, but not indefinitely.









b0und (2 cents)
 
b0und said:
I think inflationary pressures right now are driving the commodities price surge.

I would still hold Gold rather than US$ for the moment, but not indefinitely.









b0und (2 cents)
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+1, gold and silver are both real money, their buying power is increasing everyday, the paper fiat US dollar is losing buying power everyday, any one that argues the dollar is getting stronger and bashes gold and silver is either a complete dumbass, has a short position in precious metals, or missed the boat and are jealous, facts dont lie, lets here some the haters short and long term investment plans...
 
Christ this thread needs to die.

Jokers is officially a mongoloid, glad style.
 
b0und.... youre an idiot. If something has been steadily increasing in price consistently and rapidly over the past few years, naturally the only direction it will continue to go is up.
 
wait, did you say you have $1,250 of silver? And it's $40 now, and you are hoping for it to go to $50 with all your life? So that's about what.. something like a few hundred bucks? Just go work at Starbuck's for a few days instead, this is ridiculous. Glad, what is going on here.
 
75th said:
b0und.... youre an idiot. If something has been steadily increasing in price consistently and rapidly over the past few years, naturally the only direction it will continue to go is up.
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Wut?

Why am I an idiot?


If something has been steadily increasing in price consistently and rapidly over the past few years, naturally the only direction it will continue to go is up.
Click to expand...

You're being sarcastic right? You cannot be serious?

You confuse me, dude.





b0und (and learn how to spell)
 
$40 and climbing, Glad it has been a while since we have seen any sort of correction, I think we are due for one soon, not a bubble but a correction, there is stong support around $35, we may trading in that range soon, then the next stop, $50.....
 
b0und said:
Wut?

Why am I an idiot?




You're being sarcastic right? You cannot be serious?

You confuse me, dude.





b0und (and learn how to spell)
Click to expand...

Of course Im joking.

And lol @ a correction but not a bubble. I wonder what fundamentals are being closely looked at here.

Cue "wtf we keep printing money lol u guys are idiots watch this youtoob video."
 
Ok, maybe next time you could just make your point rather than calling people idiots, etc.

The article I posted takes an extreme contrary view. I said 'check it out', didn't say I necessarily agree with it.

I still think there is a significant downside risk in the near/immediate term for both gold and silver. Mainly because of the sharp recent rally.







b0und (2 cents)
 
the.gladiator1987 said:
Problem with an ETF is that they are not backed with physical silver,
I will eventually get into ETF's once I have established a good amount of physical silver. Actually the PHYS stock is by Eric Sprott, and he actually backs his ETF's with physical silver guaranteed
Click to expand...

Yeah there is at least one ETF that holds all of it's actual value in physical silver.

Of course the fees are much higher on that one because there is a lot more overhead involved in holding all that silver, and it's much smaller than the main silver ETF.

I'm kind of new to this precious metals thing. I may have missed out on a lot of profits by getting in so late. In what kind of real-world event would it make an actual difference if your ETF were backed 100% by physical stores of silver?
 
Lumberg said:
In what kind of real-world event would it make an actual difference if your ETF were backed 100% by physical stores of silver?
Click to expand...

The same event where, in the aftermath, nobody gave a shit if you had real silver or not.
 
jokerswild said:
Gladiator, i'm with you on $50 silver this year, anyone who hasn't been investing in precious metals is a fool. The dollar is done, toast, stick a fork in it, too much money printing, intrest rates have been too low for too long, masssive inflation is happening right now as we speak. The GSR has been falling steadily and now sits around 37:1, it will keep falling and silver will keep going up. My advice to you is don't buy paper silver, that BS about taking a 25% hit through a broker is BS, you can sell physical silver to my deal right now for less than 5% under spot, paper silver is worthless as there is not enough pysical silver in the world to back it up. What ever you do, hold your position, if you can buy more great.....
Click to expand...

prove that ridiculous assumption

and dont say "cause gas is going up" food and energy prices move on supply and demand, not inflation.

here are the facts. it takes 2 seconds to look them up http://www.inflationdata.com/inflation/inflation_rate/currentinflation.asp i hardly think 2% is "hyperinflation" the definition of hyperinflation is 50% a month, not 2% a month.
 
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