It's comments like this are making feel like an idiot for having not gotten into investing yet.
Maples and Eagles are legal tender as money, money cannot be taxed, so you save a shitload in taxes if you acquire a bunch. For those who can afford thousands of ounces at a time they are worth it, for those who cannot and can sell less than $9k at a time when they go to sell, well then you aren't paying taxes either most likely.
Self Perpetuating eh? where did you pick that little euphemism up at? The reason silver is going up all the time is because of supply/demand issues. Basically there isn't enough silver, they have mined less than they have used for 30 years now, silver isn't a precious metal like gold. Silver has a huge industrial use, in fact 70% of all the silver mined is used for industry. Silver is VERY useful and there are current;y over 10,000 items that must have silver to operate as there is no substitute for the metal other than gold and platinum, and those cost even more. Silver was going up before the bust of 2008, during market peaks. silver is also going up with inflation. I can't see one thing other than manipulation by a few TBTF banks that could hurt the price. The Dollar will not get stronger over the medium to long term, inflation is not all of a sudden going to stop, QE3 is baked into the cake, marginal real world interest rates are negative, all of those things are fundamentally bullish for Precious Metals without the Supply/demand equation.
By the same logic can't you say gold SHOULD be $450/oz and silver is already correct?
Well if you want to talk about values of commodities that are valuable. silver is way more valuable than gold, gold hardly has any uses other than money. Above Ground there is more refined gold than there is silver. All known stockpiles of silver world-wide come to about 1 billion ounces, while the gold market has known above ground stockpiles of 5.12 Billion Ounces. In other words, refined silver is 75 times more rare than it was in 1964 when there was 5 billion ounces of silver stockpiled in the USA alone and only 2.1 billion ounces of gold worldwide. In 1964 Gold was $35/ounce and Silver was $1.29/ounce. In 1980 Gold was $850 and ounce and silver was $50. Thirty years later silver is $35 an ounce and gold is $1500. Somethings not right.
That refers to paper trading, doesn't it? I don't believe that it means coin dealers.
You would need to look at the Frank-Dodd act to see what it entirely encompasses but I can assume that trading of physical would follow suite in due course, although it is not law here in the UK.....now if I want to buy physical I have to furnish personal details whereas in the past I never had to. The net is closing in on people every day.
It only refers to people who cannot purchase a single Contract. A single contract is a Minimum of 5000 ounces of silver (about $200,000). Either you have big bucks or you can no longer play. You will still be able to buy bullion.
If it is REAL silver, ill take it. I don't care where it comes from.
