Silver! Who Is On This Train?

Anyone invest in silver? Thoughts, rants?

Personally I have done pretty well since buying a physical position in Sept of 2008, anyone else a silver bug?

Where the hell do I buy silver lol.

Do you invest because of the chances that the dollar will fail? And if that happens, who's to say I could buy food or gas etc. with silver? Sorry, I'd like to be prepared for the worst, but I just have no idea where to start.

trading in gold, silver, ect. is only profitable if you have the ability to invest a large amount of money into it and have someone who knows a significant amount about the market and where it's going to go. It's pretty useless for avg joe. Most people will see more profits from penny trades or putting your money in the hands of a large investment group. I've personally had constant gains every year from my investments and I've never had to do a thing. Just put in money when ever I have a couple bucks sitting around and check the account every few weeks to see how much I've made. The worst my account has ever done was a 1.2% gain back in '03 and it's been up and up since then. Posted 29.4% gains last year.

DelSlow said:

Where the hell do I buy silver lol.

Do you invest because of the chances that the dollar will fail? And if that happens, who's to say I could buy food or gas etc. with silver? Sorry, I'd like to be prepared for the worst, but I just have no idea where to start.

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Two years of non-perishable food storage. At least three weeks of stored water (with a drop per gallon of chlorox (for preservation). Survival gear: hand-wind charge radio, wool clothing/blankets (wool can maintain heat even when soaking wet), basic medical supplies, flashlights, batteries, camping gear, coleman stove or equivalent equipment, etc.

Everyone should be doing this. It's only going to get worse folks. It's time to start preparing. There is a big Depression on the horizon. We have only seen the tip of the financial crisis iceberg. We're going into a second dip and then the bottom is going to drop out.

Carne Seca said:

Two years of non-perishable food storage. At least three weeks of stored water (with a drop per gallon of chlorox (for preservation). Survival gear: hand-wind charge radio, wool clothing/blankets (wool can maintain heat even when soaking wet), basic medical supplies, flashlights, batteries, camping gear, coleman stove or equivalent equipment, etc.

Everyone should be doing this. It's only going to get worse folks. It's time to start preparing. There is a big Depression on the horizon. We have only seen the tip of the financial crisis iceberg. We're going into a second dip and then the bottom is going to drop out.

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Most major corporations and even small business (in my area at least) are all starting to hire again, I fail to see your logic behind this new depression. Home Depot is hiring like 23,000 seasonal workers, Kmart and Walmart both just announced plans to hire thousands, Kraft is expanding, AMD and Intel are both expanding operations within the US.

The only markets still hurting are those being kept alive by union workers because unions ask for ridiculous wages and cant afford to operate any more. The only thing I see happening in the near future is the death of unions.

I'm on the train...not heavily invested, but have a few hundred bucks in silver bullion that I bought in.....november I wanna say? Bought most of it then when it was at $20/oz ....but had purchased a few rolls of "junk silver" (pre 65 quarters) before that when the price was at $16-$17



so yea, to see the price hovering over $35/oz ATM....feels good...some solidarity I've made a 100% "return" on the junk silver and a 75% "return" on the bullion...which I quote "return" because...all i'm aiming to do is retain value/purchasing power, which the dollar doesn't seem to be doing that well lol


I've looked at some silver ETF's and mutual funds for a variety of minerals, but the stock market sketches me out... so much speculation and volatility caused by the big dogs at the top ya know. that and i'm only 24 (entering the workforce at the worst it's been since the depression) so it's hard to save/put aside money when it seems commodities will never stop rising but management is important

ExDex1x1 said:

Most major corporations and even small business (in my area at least) are all starting to hire again, I fail to see your logic behind this new depression. Home Depot is hiring like 23,000 seasonal workers, Kmart and Walmart both just announced plans to hire thousands, Kraft is expanding, AMD and Intel are both expanding operations within the US.

The only markets still hurting are those being kept alive by union workers because unions ask for ridiculous wages and cant afford to operate any more. The only thing I see happening in the near future is the death of unions.

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Oh yeah let's hijack another thread to bash unions for something that was the fault of Wall Street and our wonderful Financial Institutions. Yes. Let's keep that going.

budsmoker87 said:

I've looked at some silver ETF's and mutual funds for a variety of minerals, but the stock market sketches me out... so much speculation and volatility caused by the big dogs at the top ya know. that and i'm only 24 (entering the workforce at the worst it's been since the depression) so it's hard to save/put aside money when it seems commodities will never stop rising but management is important

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Commodities are only good if you have big bucks to invest. The way to win with the stock market is to diversify your portfolio and invest in every section of the market available. I have investments in electronics manufacturers, biotech research, small and large corporations, yadda yadda. Get yourself a good financial adviser and it's on fuckin auto pilot.

I pay 7.5% of my profits to a financial adviser who does all the work for me. The dude just has thousands of clients and simply buys everyone the same stocks sells when necessary, I've only ever had 2 bad months where I posted a loss. I've had the same guy doing this for me since I was 14 and my parents got me started with $500 and now the account is up to just over a quarter mill in under 12 years (with my adding in funds along the way.) and thats going through the stock market crash from 9/11 and the shitstorm that followed. I've put in at least a dollar a day since I opened the account and if everything follows the same rate its been going I'll be shooting for a mill by the time I hit 30. Posted significantly higher gains than you could ever hope to get with a standard savings account, and there's no way you'd get this kind of growth with commodities.

Carne Seca said:

Oh yeah let's hijack another thread to bash unions for something that was the fault of Wall Street and our wonderful Financial Institutions. Yes. Let's keep that going.

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The fault isn't with big corporations but with the regulations and loop holes that those corporations were allowed to exploit when the government and many other regulatory bodies were well aware of what was going on, combined with ridiculous loans being given out to people who had no means of making their payments back due to exorbitant interest rates and other schemes by big lenders to make a quick buck through repossessions.

Coming from a family of union workers however, I'll gladly tell you that they're what's causing so many businesses to go overseas to operate. When you have to pay every single person on a construction crew $30+/hr of course you're going to go to India or Mexico where the same labor gets done at a much lower rate.

Unions are going to be dismantled within the next 10 years I'd guarantee it. My dad went through 4 shops in the last 10 years because places can't afford to operate. Pipefitters union here is in deep financial shit and haven't even been able to make new hires in the last 2 years. No one gets in without knowing someone higher up the chain any more and the whole system is filled with corruption and golf playing dumb shits who don't have the financial know-how to run these organizations effectively. I've seen all 4 companies he worked for go under because the bosses were forced to bid below the actual cost of labor and materials just to be able to win the job. It's all going to burst very very soon.

first, diversifying your portfolio doesn't guarantee good returns. if you invest in shit across 5 industries, your gonna loose your money...

the way to do good investing is to look at balance sheets and financial statements, and determining hwich company is going to do best.

the way to do really well investing is to have insider information. what sets apart the masters is the ability to not get caught, slip through the cracks... etc etc etc etc....

these measure about the same on a value-scale...but that scale has been tilting in favor of good returns on silver. pictured is $140 in silver (half troy oz coins) stacked against ben's bills

Its all about the company. You can invest in the hottest sector, but if you pick a shotty company, your not going to make any money. You judge a company by different valuation methods. (forward P/E, P/E, cash/shr, book/shr, short intrest, EPS, etc..) and also charts play a big role

i sold 8.5 ounces of silver this past week, which I spent $200 on


got $340 for it (that's $25 over spot price)


i think we'll most likely see a silver pull-back over the next few weeks as countries struck by catastrophe dump some of their metals but i'm continuing to buy silver bullion/jewelry if i find good deals

I buy every month regardless of price. Cost Averaging method. I try to spend $400-800 every month and have been doing this for the past 30 months after myfirst large initial purchase. Made a shit ton on Canadian junior mining stocks in the last 6 months. One of my Junior Silver Miners split 20 to 1 and then went on to gain 1,200% making my initial $300 investment worth $72,000 when I sold it. Since it was Canadian when I went to convert the cash to American I got the added bonus of 4% due to the weaker dollar.

If I were Japan and I had $1 trillion in US Treasuries sitting around I think i would sell those first before diggin into the rainy day fund.

jeez nodrama... you mind me asking what you do for a living? just curious. also, how much physical silver do you own?'


I'm just a kid (without a career) and without a job even, right now...to be honest :/

I can only teach you one thing, What you think of as money is just a piece of paper, it really has no value. Its what people will give you for those pieces of paper that has value, but only a few things hold their value over long periods of time. If you are looking for good junior miners, look for ones that are actually Producing a product, have lots of cash on hand and are trading under a 120 Million volume, also you want to find ones that are doing business in countries that are politically stable, not a good idea to invest in a Canadian miner who does all their mining in Iran or something. I Like Mexico and Peru myself, but I have made some good cash on a company that drills the seafloor looking for gold and silver too.

Oil is another good thing to get into right now, as long as there are tensions in the Middle East you may as well play that trend. I purchased a Offshore Drilling Company that has only 1/3 of its eggs in offshore drilling, it does plenty of onshore and overseas onshore drilling. Its biggest competitor went bankrupt due to the gulf moratorium in drilling and my newly acquired company bought all of its assets for pennies on the dollar. 200% gains in less than 2 months.

You have to carefully watch a lot of news, and not the MSM, they mostly lie and only report on things after the fact anyway. You can make plenty of Money in the Forex markets, although I see the carry trade with the Yen coming to an end soon. Perhaps buying Swiss Francs would be a good bet, they are after all the most stable fiat currency in the world.

Learn about fractional reserve banking, how the Fed works, and how the US government funds itself. The treasury market can make you rich if you know how it all works, I don't know enough to foray into it myself.

My Gun collection has increased in dollar value 20% over the last 18 months.

Your going to lose money for a while until you figure things out, so start out small and build on your successes. It only takes one really good investment to make it all worth while.

I have a Degree in Business. I didn't learn any of these things in College.

thanks for the info. I was thinking about buying gold coins with whatever money I have left from my paycheck? I normally just stash the money but you got me thinking. I still have to do my homework before I start buying though.

First of all, Silver is a great investment, I started buying bullion and the slv etf ( which by the way is backed by raw bullion just easier to trade then physical slv ) about a year ago at like $15 a oz. My plan at that point was to sell the units as singles and make my money on the s&h via ebay and the like. Well talking to a couple higher up metals brokers I have come to learn more about the market itself. Silver is recession proof, as well with the USA killing the dollar I mean its worth less than effin a canadian dollar now, and when japan drops some t-bills it will be worth less.

People with money and power see silver and gold as a physically stable item. As well silver and gold are both used in large volume in new tech stuff.... and they have a fixed/limited supply...... not the dollar or even some stocks if the government wants more money they just run off more......

Silver is projected in the next year to jump to over $50 a oz. according to most metal brokers I know, I mean they must know something cause half of them are trying to pay me .50-$1 above spot on any given day for as much silver as they can get their greedy little joo hands on.

I could go on writing out like a ton of other reasons silver is one of the better investment vechicles, inflationary protections and the like but I mean this is a stoner website not a financial one.

xxEMOxx said:

First of all, Silver is a great investment, I started buying bullion and the slv etf ( which by the way is backed by raw bullion just easier to trade then physical slv ) about a year ago at like $15 a oz. My plan at that point was to sell the units as singles and make my money on the s&h via ebay and the like. Well talking to a couple higher up metals brokers I have come to learn more about the market itself. Silver is recession proof, as well with the USA killing the dollar I mean its worth less than effin a canadian dollar now, and when japan drops some t-bills it will be worth less.

People with money and power see silver and gold as a physically stable item. As well silver and gold are both used in large volume in new tech stuff.... and they have a fixed/limited supply...... not the dollar or even some stocks if the government wants more money they just run off more......

Silver is projected in the next year to jump to over $50 a oz. according to most metal brokers I know, I mean they must know something cause half of them are trying to pay me .50-$1 above spot on any given day for as much silver as they can get their greedy little joo hands on.

I could go on writing out like a ton of other reasons silver is one of the better investment vechicles, inflationary protections and the like but I mean this is a stoner website not a financial one.

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Great Post, only one glaring mistake. SLV has no physical bullion, read your prospectus, you can NEVER get physical from them, EVER!! Read up a bit and see how the big hedge funds cannot even get physical from JPM, it doesn't exist. Instead Blythe Masters gives them up to an 80% premium to settle in cash. That bitch!!

If you really want to invest in a ETF that REALLY has physical bullion the only one is Eric Sprott's PSLV (Physical Silver)

Silver is WAY up the last week.

Silver is up another 10% since the last post. Gold at an all time high.