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[Investments] Topic: Who likes SILVER? |
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SportsFan9698 |
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#1 Posted: 10/13/2010 11:31:04 AM I have been buying silver as I can over the last year. I'm convinced it is the most rock solid investment that can be had.
I bought all of my bullion below $19 and smiling nicely to see it is about to break through the $24 level.
Who else is in love with Silver ?
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LuckyLuke |
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#2 Posted: 10/14/2010 12:57:34 AM
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SportsFan9698 |
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#3 Posted: 10/14/2010 10:10:09 AM I have only bought off ebay... so I have a bit of a mixed bag of bullion. I have decided to stick with the 1 oz rounds for some consistency. I pick my spots, and have done pretty well paying no more than spot, including shipping.
I have learned I don't want anymore Buffalo rounds, they don't quite weigh up. I like anything else that is recognizable, and minted with .999 fine silver. I don't care to pay the premium for American Eagles, but I do have a few.
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rome1 |
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#4 Posted: 10/31/2010 10:38:00 AM I owne SLV and also owned SLW on occasion. Where does one go to sell your silver ? |
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ALSNOW |
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#5 Posted: 10/31/2010 8:58:08 PM |
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Wake2002 |
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#6 Posted: 10/31/2010 11:59:28 PM QUOTE Originally Posted by LuckyLuke:
where do you buy your bullion's from? whats the commission?
Accumulated my stash over the last couple of years never paying more than spot -5%.....microsoft bing cashback....it was great while it lasted |
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tydye |
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#7 Posted: 11/1/2010 4:10:06 PM |
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PhuQuangLe111 |
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#8 Posted: 11/1/2010 5:46:18 PM QUOTE Originally Posted by SportsFan9698:
I have been buying silver as I can over the last year. I'm convinced it is the most rock solid investment that can be had.
I bought all of my bullion below $19 and smiling nicely to see it is about to break through the $24 level.
Who else is in love with Silver ?
Sell all your Gold and silver within the next week ! There is a correction due and metal prices have been going up too much, and there is no room for it to do more. In the short term I would sell it sir.   |
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PhuQuangLe111 |
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#9 Posted: 11/1/2010 5:47:29 PM  |
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ALSNOW |
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#10 Posted: 11/1/2010 6:30:25 PM QUOTE Originally Posted by PhuQuangLe111: SLV is going to top, and you could just go look it up and the proof is in the market and the hi of the chart.
My friend you are misinformed Silver and Gold aren't going up paper money is going down. As they continue to print more w. In God We Trust not backed by Gold/Silver as in the past the Metal will go higher but in reality stay the same price while dollars drop.In fact the Dow is up substantially more then PM's in the past 15 yrs, so one would argue the PM's have much further to go. Go ahead short them both and make HUGE money. |
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JEFFMARKETCAP |
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#11 Posted: 11/1/2010 7:14:29 PM QUOTE Originally Posted by ALSNOW:
My friend you are misinformed Silver and Gold aren't going up paper money is going down. As they continue to print more w. In God We Trust not backed by Gold/Silver as in the past the Metal will go higher but in reality stay the same price while dollars drop.In fact the Dow is up substantially more then PM's in the past 15 yrs, so one would argue the PM's have much further to go. Go ahead short them both and make HUGE money.   |
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wallstreetcappers |
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#12 Posted: 11/1/2010 7:30:36 PM
The market looks FORWARD, thus the big move in anticipation of future activities.
Now if easing continues for years then sure these commodities can move up, but if the market thinks that we are getting closer to being done with accomodative currencies and starts looking out past this then watch out below.
The real, intrinsic demand for commodities is nothing compared to current pricing..people are speculating and leveraging and we all know how leverage and speculation works out in the end.
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PhuQuangLe111 |
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#13 Posted: 11/1/2010 9:59:28 PM RIGHT NOW IM SHORT THE MARKET, BUT COMMODITIES SHOULD BE SHORTED ON THE METALS AND AGRI SIDE AS WELL. 
IM JUST SAYING STAY OUT OF IT, OR SELL THEM ALL UNTIL DECEMBER IS OVER. |
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ALSNOW |
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#14 Posted: 11/1/2010 11:09:36 PM QUOTE Originally Posted by wallstreetcappers:
Actually that is not true.
The market looks FORWARD, thus the big move in anticipation of future activities.
Now if easing continues for years then sure these commodities can move up, but if the market thinks that we are getting closer to being done with accomodative currencies and starts looking out past this then watch out below.
The real, intrinsic demand for commodities is nothing compared to current pricing..people are speculating and leveraging and we all know how leverage and speculation works out in the end.
The stock market perhaps but not Gold. Yes the shorts are leveraging and speculating, check the suits against JPM, which means even more upside for PM's. When the small caps start to run I will agree with you both and sell. Just food for thought If you were to consolidate all the gold ever known to have been mined (approximately 190,000 tons), it would form a single cube just 66 feet (20 meters) on each side. So demand outweighing pricing makes no sense JMHO |
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tydye |
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#15 Posted: 11/2/2010 5:12:32 PM |
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PhuQuangLe111 |
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#16 Posted: 11/2/2010 8:49:56 PM Schultz believes in active trading and his recommendations are often dauntingly complex and conditional. He seems to be expecting gold to stall, temporarily, writing “Wait to re-buy strength after a dip that clearly holds 1200.00-1182.00.” Although he recommends only an 8%-10% exposure to non-gold stocks, he allows for “a potentially fiery rally leg --which would hint today’s deflationary forces may succumb “directly” to future (high-speed) inflation. i.e., the resulting debasement of the dollar could manifest itself via a rising “nominal” value of the stock market.”
I could say this is good advice, and staying out until December is over and of course the dollar will have to pick up. Even though it went down today doesn't mean anything in the short term. |
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ALSNOW |
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#17 Posted: 11/3/2010 6:19:32 PM
Since 1973 USD is -80% if priced in Gold it would be +1,949%
There is a high correlation between Gold Prices and decline in US rates recently 5 year TIPS sold at a negative yield.
Since 1984 Dow Jones has averaged 8.7%mGold 4.89%, Dow Jones priced in Gold 14.27%. I want to hear how you bubble talkers refute this?
Emerging market demand for Gold is increasing in wake of financial meltdown as of now US holds 8133 tonnes while China holds 600, Russia 519,India 257, Brazil 33 and South Korea only 14 Tonnes. In the wake of this while Gold prices have soared in past 6 months ETF holdings have remained unchanged. So there will be demand by Central Banks of emerging markets and ETF's.
Keep shorting :) |
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SportsFan9698 |
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#18 Posted: 11/4/2010 10:28:18 AM Shorts are burning... up to a solid $25.50 today
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SportsFan9698 |
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#19 Posted: 11/4/2010 12:19:14 PM QUOTE Originally Posted by wallstreetcappers:
Actually that is not true.
The market looks FORWARD, thus the big move in anticipation of future activities.
Now if easing continues for years then sure these commodities can move up, but if the market thinks that we are getting closer to being done with accomodative currencies and starts looking out past this then watch out below.
The real, intrinsic demand for commodities is nothing compared to current pricing..people are speculating and leveraging and we all know how leverage and speculation works out in the end.
WC -
I kinda buy what you are saying, but the thing is that the "easing" will never stop. the economy is that bad, and the dopes elected into office cannot think of another thing to do than print dollars.
the fed cannot and will not have a balanced budget for the forseeable future, and cannot even make interest payments without printing loads of cash each year.
There is no question in my mind that the easing is now simply a fact of life until the dollar completely crashes - something that could actually happen any day. |
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woopdurritis |
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#20 Posted: 11/4/2010 2:57:06 PM
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wallstreetcappers |
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#21 Posted: 11/4/2010 3:07:11 PM
You are miring yourself in the present, this kind of thinking is flawed and is why the market is smarter than most of us.
The market will not keep pushing commodities higher and higher just because we are currently in an easing cycle. This is probably the largest ammt of easing in our history, but I disagree that it continues forever..this cycle will take longer to reverse itself, but unless you think the end of the world is upon us (which I do not) then this economic condition will change, it will and that is why I think the bubble will pop..I dont know when it will pop but it will.
I sat for multiple years during the Bush reign of terror wondering when the cycle would turn and we would stop the artificial economic boom we experienced..we should have turned down about the start of his second term, but with the scamming and lack of regulation to the markets, plus the FED keeping rates low, we extended the cycle probably 3 yrs longer than it should have, so I would expect the current cycle to take that long or longer to start reversing..
Dont fall in love with commodities, dont fall in love with any stock or financial instrument, that will be the quickest way you lose money, and before you know what happened it could all be gone.
A few of us have seen bubbles, been part of bubbles and know the damage they cause and how fast it happens.
Just keep a price in mind that you bail, take profits and dont look back.
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woopdurritis |
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#22 Posted: 11/4/2010 4:45:33 PM QUOTE Originally Posted by wallstreetcappers:
SportsFan,
You are miring yourself in the present, this kind of thinking is flawed and is why the market is smarter than most of us.
The market will not keep pushing commodities higher and higher just because we are currently in an easing cycle. This is probably the largest ammt of easing in our history, but I disagree that it continues forever..this cycle will take longer to reverse itself, but unless you think the end of the world is upon us (which I do not) then this economic condition will change, it will and that is why I think the bubble will pop..I dont know when it will pop but it will.
I sat for multiple years during the Bush reign of terror wondering when the cycle would turn and we would stop the artificial economic boom we experienced..we should have turned down about the start of his second term, but with the scamming and lack of regulation to the markets, plus the FED keeping rates low, we extended the cycle probably 3 yrs longer than it should have, so I would expect the current cycle to take that long or longer to start reversing..
Dont fall in love with commodities, dont fall in love with any stock or financial instrument, that will be the quickest way you lose money, and before you know what happened it could all be gone.
A few of us have seen bubbles, been part of bubbles and know the damage they cause and how fast it happens.
Just keep a price in mind that you bail, take profits and dont look back.
This is why I respect your opinions over here more than in the political forum
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SportsFan9698 |
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#23 Posted: 11/4/2010 5:48:58 PM
Short Squeeze?
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#24 Posted: 11/4/2010 10:04:14 PM
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#25 Posted: 11/4/2010 11:14:54 PM  |
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