Damnit ... silver

[DanelMadr]

Gold and Silver is doing good, because people think it is safer than paper money. And the doomsday is coming like every now and then, lol, that's why the demand and rising price. And the speculation does not help it. Basically you don't know the real price. It will settle. Meanwhile enjoy the sophisticated gamble, gentlemen.

But remember if silver goes up the roof so does currency but in opposite direction.
When you are smart and not so hungry you can make a profit. Good luck.

If doomsday comes, you will be better with money invested in bottled water, shot gun shells, gasoline and canned beans.

 

[Poonani Maker]

Gold and Silver is doing good, because people think it is safer than paper money. And the doomsday is coming like every now and then, lol, that's why the demand and rising price. And the speculation does not help it. Basically you don't know the real price. It will settle. Meanwhile enjoy the sophisticated gamble, gentlemen.

But remember if silver goes up the roof so does currency but in opposite direction.
When you are smart and not so hungry you can make a profit. Good luck.

If doomsday comes, you will be better with money invested in bottled water, shot gun shells, gasoline and canned beans.

Amen to that, DanelMdr. I'm currently at the decision point to buy almost $10,000 of 5 yrs worth of freeze-dried food (that will last me 25 years) from foodinsurance.com

I'm purchasing giant containers of water to go in my basement too.

Then the shotguns/artillery. Then, I will buy silver and gold. I've been bidding on silver (but losing) since the beginning of this year. I'm trying to buy smaller amounts at a time rather than a monster box ($17,000 - $19,000).

After that, I'll be investing (playing, gambling) in spinoffs and mergers in the stock market. That's my whole financial plan, and retirement/tax shelters, of course. Forget these nameless mutual funds and individual stock sh!t. I've already been through the ringer on that sh!t and lost.

 

[EA Gold]

Amen to that, DanelMdr. I'm currently at the decision point to buy almost $10,000 of 5 yrs worth of freeze-dried food (that will last me 25 years) from foodinsurance.com

Why spend 25 years in misery and in fear when you can enjoy life to its fullest right now and help others who are less fortunate have a better life. It's just sad how people let market flucuations, bad news or events determine what the rest of their life is going to be. Who cares what happens in the world, or in the market. Truth of the matter is anyone who is physically affected by these events in one way or another brought it unto themselves.

I wonder if my life or your life would change for the good if we just stepped back and took time to read what God has to say in the Bible.

Philippians 4:8

Finally, brethren, whatsoever things are true, whatsoever things are honest, whatsoever things are just, whatsoever things are pure, whatsoever things are lovely, whatsoever things are of good report; if there be any virtue, and if there be any praise, think on these things.

 

[Crissco]

I was going to create a new thread on this but since this ones here use it to my advantage.

Whats everyones thoughts on buying gold and silver?

My father bought alot of Silver lately. He thinks in the future itll shoot up, time to sell, then get into the real estate market. He wants me to put some of my money into Gold and Silver. Dont know what to think of though since I didnt do much research on it yet,

 

[ElChoclo]

Your 1c coins are worth more than their face value. They used to be copper all the way through, but copper became too valuable, so now they are zinc core with a thin copper coat. In fact your quarters etc are just a thin coat of the shiny nickel stuff over a core of copper. As shown by the worn copper edges on an old coin. Any decent coinage is nice alloy all the way through.

That apparently is also the reason why your 5c is bigger than your 10c, because it used to be silver and therefore had to be smaller because silver is expensive. Now of course, it certainly isn't silver.

 

[DanelMadr]

Some brain food I have for you...

@Danger
The problem is that inflation is approximately copying the silver/gold graph line. So in long term when you want to cash out, you get not so much more than you invested.
Another problem might happen...as world prosperity rises, population will decline -> less consumption -> less precious metals needed in industry and recycling the used one.
Or prosperity goes down -> chase for oil, gold, copper etc. will sparkle wars and population will decline again.

Or they find a way to make artificial gold cheaply thanks to nuclear fusion.

@Poonani Maker

I wouldn't worry too much. Because there are guys with bigger guns and they will smell your dried food in case they are hungry.

Worrying about future is never healthy. We are all but dust - you are not that important, heh. It is never bad to plan for emergency but to plan for doomsday is too much, I think.

@EA Gold
I think we should be grateful what we have now and praise those virtues now. Not thinking about external stimuli.
Do you appreciate it more when a kid behaves good on his own accord or because he is forced? Everyone praises God when they fear death. It is often worthless praise for most die, some forget once they survive and the rest would praise him anyway.

Misery and sinfulness of the world is often in the eyes of the beholder only. There is no need to change the order of things when it provides freedom.

 

[Mr.Positive]

But remember if silver goes up the roof so does currency but in opposite direction..

Not necessarily. Silver is in every iphone, every laptop, every flatscreen tv, solar panels, aircrafts, the list goes on. We are past peak silver. We consume more than we can mine from the earth.

You want to see silver take off? Watch technology, imo. If the economy turns around and people start consuming more again...silver to the moon! (my theory at least) Silver is for the long-term.

 

[Quiksilver]

$37.68

edit: now $38.07

At $23 I was told it was a bubble. At $25 I was told it was a bubble. At $27 I was told it was a big bubble, and to sell. At $30 I was told I was crazy for buying more bullion coins. I'm sure I'll get told I'm an idiot when I buy at $40, $45, $50, and $75.

 

[Mr.Positive]

$37.68

edit: now $38.07

At $23 I was told it was a bubble. At $25 I was told it was a bubble. At $27 I was told it was a big bubble, and to sell. At $30 I was told I was crazy for buying more bullion coins. I'm sure I'll get told I'm an idiot when I buy at $40, $45, $50, and $75.

We will be "idiots" together.

$38...wow! I remember buying silver eagles for $12 a coin, now they've got to be over $40 a coin.

 

[Alle_Gory]

Not necessarily. Silver is in every iphone, every laptop, every flatscreen tv, solar panels, aircrafts, the list goes on. We are past peak silver. We consume more than we can mine from the earth.

That simply means demand is up. When people say "peak" they mean that the reserves are dwindling and we've reached the peak production (not consumption). We can't say that about silver because we have no idea how much is left on the crust of the Earth and where it is.

We simply do not know. Also, as silver prices increase the old silver mines will be reopened because with silver's value increasing we can go further down and dig up those harder and more expensive to reach reserves.

 

[Quiksilver]

$40.20

For those of us who are clued in, I propose a toast when it hits $50.00.

Willing to mail around a few still-in-package 2011 Australian Koalas (1oz) in exchange for some equal value American coins. I don't have many, as they're not really investment coins, but they are pretty. Wouldn't mind getting my hands on a Silver Eagle but I don't fancy the premiums and postage cost for one or two stamped coins, would rather trade.

edit: Just got my paycheck, and true to my word am buying another 10oz on Monday.

And for those curious, I invested $5,000 in silver bullion when it was trading at $20/oz, so I've now made 200% and could walk away with $10,000 minus fees.

 

[Mr.Positive]

Careful quick......we have ourselves a little mania on our hands. And while I do believe silver will hit $50 at some point, nothing goes in a straight line and the whole CCI looks ready for a sharp correction, silver especially.

Silver is an accident waiting to happen.

Silver at $40.55 right now! Wow!

This is one heck of a run, for sure. Personally, I think we'll see a correction that would make an excellent buying opportunity in the next month or two.

But, I seem to be wrong with my short term guesses. It's just climbing like crazy.

Long-term, no brainer, even if we do get a correction in the short-term. I'm saying $50 by year end. I'll have a toast with you Quick at that point.

Also, regarding stockpiling food. It's a good idea I think, food prices are just going to keep going up. That can of beans you buy now, may be double the price in a few months..

However, worrying about doomsday isn't worth it, imo. Enjoy life to the fullest. Have 3 months worth of food and water and call it good, that way you don't have to worry. That gives you 3 months of piece of mind right there.

 

[f283000]

However, worrying about doomsday isn't worth it, imo. Enjoy life to the fullest. Have 3 months worth of food and water and call it good, that way you don't have to worry. That gives you 3 months of piece of mind right there.

And then what???

Most people don't realize the trouble America is in. America is about to go on a depression worst than the great depression.

Third world status in 10 years inevitable..

 

[Quiksilver]

Careful quick......we have ourselves a little mania on our hands. And while I do believe silver will hit $50 at some point, nothing goes in a straight line and the whole CCI looks ready for a sharp correction, silver especially.

Silver is an accident waiting to happen.

Silver is definitely overbought in the short term, and I bet there'll be a correction in a week or two as well, but it's a bull market (not a bubble) and the primary trend is for silver to break triple digits and perhaps break $200/oz.

With that in mind, is it really a big deal if I buy now at $41, next week at $42, or the week after when it corrects to $39?

"Silver is an accident waiting to happen."

No offense but I've heard that at $20, $25, $30, $35, and now $40.

Can you please provide me some evidence that silver isn't a bull market and the primary trend is for the bottom to fall out?

 

[BigJimbo]

And then what???

Most people don't realize the trouble America is in. America is about to go on a depression worst than the great depression.

Third world status in 10 years inevitable..

You are so 1988. Too young to remember the great Indian "Ravi Batra". Dude predicted that in or around 1990 America would suffer another Great Depression. He had a best selling book and was constantly on tv. Of course you had the lost souls of Middle America jerking off to his ideas. I won't even get into Harry Dent who predicted that the Dow would hit 40,000 and then flopped around and is predicting a depression.

Here is a hint. Laugh at any freak who thinks he knows what ANY market or stock is going to do. If he really knew he wouldn't be telling the world about it. Nope. Yeah, this goes for horny guys who work at Best Buy and lift weights who tell 14 year old boys to buy penny stocks or metals on a pickup site. Laugh at them. They are funny.

http://www.youtube.com/watch?v=Vm0dUG9bPMM
There you go. This guy was so cool in the late 80's. And to think, he still has his following who believe whatever he says! Dude was telling us that the 90's would make the 30's look like a freakin' Sunday in the park! Gotta love that field.

 

[Julius_Seizeher]

With inflation coming, a bonanza in PMs comes with it.

Look at the late 70's, gold and silver are nowhere near their inflation-adjusted all-time highs. What we have now is a mirror image of the Carter years, but it hasn't gotten that bad yet. The Fiat system is failing and investors all over the world are putting their money where it rightfully belongs.

 

[Mr.Positive]

With inflation coming, a bonanza in PMs comes with it.

Look at the late 70's, gold and silver are nowhere near their inflation-adjusted all-time highs. What we have now is a mirror image of the Carter years, but it hasn't gotten that bad yet. The Fiat system is failing and investors all over the world are putting their money where it rightfully belongs.

Indeed. Silver will do well in an inflationary environment.

Yet, you want to see silver explode? Wait until the economy gets better...

Silver is technological glue, it's in everything, from your iphone, to your laptop, to your tv. We are a generation driven on tech.

You want to see silver explode?

We are using more silver than we mine from the earth. We are past peak silver.

When silver cures AIDS...what do you think the price will be then?

Silver is the investment of a lifetime, right now. Check back on this thread, in 10 years from now.

EDIT: Mark my words. Right now silver is $40.93/ounce. Gold is $1475.00/ounce. Within the next 10 years...silver will be more expensive than gold. That's my forecast, as bold as it is.

 

[PrettyBoyAJ]

What would be the best way to invest in silver rather than just buying a whole bunch of silver.

 

[Julius_Seizeher]

Buy the silver ETF. Symbol: SLV.

 

[Alle_Gory]

Third world status in 10 years inevitable..

Why not 15 years? Or 16? I'd like to see what facts you're basing your judgement on.

Oh there aren't any like usual?