Silver! Who Is On This Train?

Mr Neutron

Mr Neutron

Well-Known Member
In my opinion, you need to ask yourself why you want silver and how you view the future. Do you plan to take profit from the silver at some future date, balance your investment portfolio with a hedge against inflation or to have something of value to trade with if the economy collapses?
For me, junk silver is the best value. There is no tax on the sale, it's silver content is standard and there is little premium on it's value. It will appreciate the same as bullion but it will be easier to use for commerce, if necessary and presently, has not tax on it's sale. Collectables increase their value more IF there is a market for them. If you buy collectables, you must have faith in the economy as it is. I do not have this faith, so I am preparing for a future where dollars will be of little value. If I am wrong, what have I lost? I still have a precious metal that will always have value.
 
N

NoDrama

Well-Known Member
PeachOibleBoiblePeach#1 said:
Numismatic,,,Coins are fine and will be better than Bullion,,,If you know what your doing!,,,How could you say such a Thing?,,,If Your sitting on 100 ounces of Bullion,,,whenever the price drop's so does your heart and savings,,,collector coins are well over spot but mostly holds it's value.
Just paid 300 bucks for 25th anniversary American eagle set,,,100,000,,,made look at what there selling for now slabbed,,,In the future prices will go even higher for the "Raw Set's"...collectors collect and trade,,,there is money to be made if you know what your looking for.
Investors buy bullion and The people with ton's of it could easily sell and the silver market collapses,,,Happened before,,,Not in the Numismatic's eye's...Rare is just that rare,,,....and wanted buy the richest of rich.....
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If you know what you are doing numismatics is great, if you don't know jack shit about rare coins then you are going to get taken.
 
PeachOibleBoiblePeach#1

PeachOibleBoiblePeach#1

Well-Known Member
I agree,,,That's why I'm also going to start collecting Bullion eagle's by the roll,,,when I can afford to and diversify,,,my savings,,,while looking for good deal's or what I think will be? It's fun,,,because in the end it is still silver coin's with the value someone is willing to pay. Or barter/trade with;-) and Legal tender.
 
OGEvilgenius

OGEvilgenius

Well-Known Member
dannyboy602 said:
No Drama??? You think we'll see $100 silver anytime in the next five years?
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Yes, probably a lot sooner than that.

Historically Gold/Silver is around 16:1 ratio. Right now it's not even close. Silver deposits have also largely run dry, it's almost exclusively a surface mineral and as a result new deposits are not likely to be found (at least that are easily accessible). It also has more industrial use than Gold does (although Gold has some).

No doubt silver is hugely under priced right now.
 
Balzac89

Balzac89

Undercover Mod
The commodity market is undervaluing silver. Companies like JP Morgan are the ones causing the price to fluctuate. I highly doubt silver will ever dip below 30 dollars an Ounce ever again.
 
Balzac89

Balzac89

Undercover Mod
Like the video states the paper commodity market is dragging the price down. The silver pull back has begun.
 
beardo

beardo

Well-Known Member
Balzac89 said:
The commodity market is undervaluing silver. Companies like JP Morgan are the ones causing the price to fluctuate. I highly doubt silver will ever dip below 30 dollars an Ounce ever again.
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NoDrama said:
http://www.youtube.com/watch?v=xCCuLMgyUgY&feature=youtu.be


[video=youtube;xCCuLMgyUgY]http://www.youtube.com/watch?v=xCCuLMgyUgY&feature=youtu.be[/video]
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[youtube]aMfkVGCU_BA[/youtube]
Today we've gone Helter Skelter
into the 20"s
at 29.90 now
 
Johnny Retro

Johnny Retro

Well-Known Member
Reason for the dip is yesterday the FOMC didn't announce any more stimulus for the economy. AKA they think we are recovering without anymore help from the fed. More money coming back into treasury's. The Dollar is getting stronger. China is buying the Dollar.
And what happens to gold and silver when the dollar gets stronger? I doubt we'll see silver over 50 in the next 5 years. But that's just speculation based on recent events..
 
Balzac89

Balzac89

Undercover Mod
laughingduck said:
Do you guys have an exit plan for the gold and silver bubble?
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There is no bubble here. Silver is undervalued by multiples. It should be 1-17 historically. Silver should be close to $100.00 an ounce but is less than 30 dollars an Oz.

There maybe a Gold bubble, which I doubt. Gold and silver will always be the long term investors choice.

What happens when our above ground supply of silver runs out in 5 years?

Currently the amount of silver produced world wide does not meet consumption needs. It is close to 25 percent less than production.

Even with a high estimate we will be out of above ground supply in around 10-15 years if supply demand doesn't increase. (Which it is) When businesses are scrambling to buyup physical silver to meet needs and none can be found price will sky rocket. Commodity market will not miss that news.
“Various experts have maintained that the entire world supply of above ground, refined, deliverable silver is about 300 million ounces.
Others have estimated that the remaining above ground silver may be as large as 4 billion ounces, with humanity having consumed as much as 37 billion ounces out of 40 billion ounces of silver mined in all of human history.”


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Balzac89

Balzac89

Undercover Mod
Just came across this statement.....


The head of the CFTC

Statement of Commissioner Bart Chilton
U.S. Commodity Futures Trading Commission
Public Hearing on Anti-Manipulation and Disruptive Trading Practices
Washington, D.C.
Tuesday, October 26, 2010
I take this opportunity to comment on the precious metals markets and in particular the silver markets.
More than two years ago the agency began an investigation into silver markets. I have been urging the agency to say something on the matter for months. The public deserves some answers to their concerns that silver markets are being, and have been, manipulated.
The legal definition of manipulation under the law is a high bar to prove. It is a much different test than what the average person might consider as manipulation. Under existing law, to prove manipulation, the government is required to demonstrate not only specific intent; we also need to prove that as a result of the intent and market control, that activity caused an artificial price -- a point that can certainly be debated by economists.
Attempted manipulation is less difficult to prove -- requiring an intent to manipulate and some overt act in furtherance of that intent. There are also other violations of law that could contort markets and distort prices.
I believe that there have been repeated attempts to influence prices in the silver markets. There have been fraudulent efforts to persuade and deviously control that price. Based on what I have been told by members of the public and reviewed in publicly available documents, I believe violations to the Commodity Exchange Act have taken place in silver markets and that any such violation of the law in this regard should be prosecuted.
In saying this, I am fully aware of the prohibition from divulging trader names or information about their positions I am extremely careful not to violate the law in this, or any, regard. I also cannot pre-judge anything the agency may do with regard to our silver investigation, or any other matter. O Baby O Baby, everything you need (my song)
Sincerely,
Mach
© 2011 Copyright Mach M- All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors


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Johnny Retro

Johnny Retro

Well-Known Member
NoDrama said:
So you assume the US is going to go into even more debt by selling even more treasuries?
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It's not what I assume, its what is happening. Have you paid attention to the treasury auctions this week? Monday we had the strongest 3yr auction since 1990. Tuesday the 10yr auction was the strongest buying we've seen in 20 months. Most of it coming from outside intrest aka countries outside of the US. The 30 year auction yesterday also proved to be very strong.
http://online.wsj.com/article/BT-CO-20111213-710969.html
 
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