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Stonehenge
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Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: UniversalParadox]
#14490468 - 05/21/11 04:42 PM (12 years, 8 months ago) |
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There is no way prices will drop across the board. Yeah, the stock market is capable of doing it but if you think oil, gold, and food are all going to drop in price, there is some waterfront property on the mississippi you might be interested in buying. For that to happen the dollar would have to shoot up and that is not going to happen. The dollar will tank with or without more qe. With it, it'll drop even faster which is why they are hesitant to crank it back up. I'd love to see both gold and oil drop by $50 and i've got a substantial amount of gold. But i buy gas all the time and i'm not just about to sell any gold.
Both gold and silver along with all other commodities will go up a lot in the long run. There could be a financial apocalypse coming soon if the politicians don't get their act together.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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Hotnuts
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Stonehenge]
#14492268 - 05/22/11 01:05 AM (12 years, 8 months ago) |
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You guys had been right up till a month ago and got caught being piggies. Oink, oink. Hope you learned your lesson! You won't see $50 silver, for decades. If ever again, in your lifetime.
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Shins
Fun guy



Registered: 09/15/04
Posts: 16,337
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
#14492516 - 05/22/11 02:41 AM (12 years, 8 months ago) |
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Quote:
Hotnuts said: You guys had been right up till a month ago and got caught being piggies. Oink, oink. Hope you learned your lesson! You won't see $50 silver, for decades. If ever again, in your lifetime.
U jealous?
What makes you think the dollar is going to be on the upside for the rest of my lifetime?
You;re just mad because you were too late to load up on $7/oz silver like me.
Prolly were too busy watching your portfolio tank.
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zorbman
blarrr


Registered: 06/04/04
Posts: 5,952
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
#14493229 - 05/22/11 09:40 AM (12 years, 8 months ago) |
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Quote:
Hotnuts said: You guys had been right up till a month ago and got caught being piggies. Oink, oink. Hope you learned your lesson! You won't see $50 silver, for decades. If ever again, in your lifetime.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
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Yrat
Hello

Registered: 11/08/07
Posts: 2,312
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
#14493427 - 05/22/11 10:47 AM (12 years, 8 months ago) |
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Quote:
Hotnuts said: You guys had been right up till a month ago and got caught being piggies. Oink, oink. Hope you learned your lesson! You won't see $50 silver, for decades. If ever again, in your lifetime.

yeah, sucks to be up 350% right now.
but then again, i'm not about to buy fiat dollars with my silver again, so pricing my metal in paper is meaningless. buy physical.
-------------------- "There are a thousand hacking at the branches of evil to one who is striking at the root." -Henry David Thoreau Strike The Root
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Stonehenge
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Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Yrat]
#14493971 - 05/22/11 12:57 PM (12 years, 8 months ago) |
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Yeah, i should have sold my 3 or 4 oz of silver. I could have made an extra $30 or so! Oh what will i do now? Wait for it to go down some more and buy perhaps.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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Hotnuts
old hand



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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Stonehenge]
#14494486 - 05/22/11 03:12 PM (12 years, 8 months ago) |
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Not mad, any whatsoever. I do well over 300% profit trades, several times a month in forex. And I was just messing around with you guys! Relax.
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Lana
Head Banana


Registered: 10/27/99
Posts: 3,109
Loc: www.MycoSupply.com
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: UniversalParadox]
#14497941 - 05/23/11 07:34 AM (12 years, 8 months ago) |
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Quote:
UniversalParadox said:
Quote:
Lana said: If the US government doesn't implement QE3 you'll see silver and gold prices drop.
Then where should a person put the money?
Just diversify.
Gold and silver are great to add to your investment portfolio, but so are stocks and even cash. Don't put all your eggs in one basket.
I do agree with what zorbman said, "If the Fed pulls its support and stocks and commodities starts collapsing then it can turn around and say, "Told you so. We need QE. or the whole thing goes under"
That's when they'll unveil QE3.
They just need an excuse."
This to me is interesting because most governments/politicians never miss the opportunity to exploit a crisis. Even if that crisis is made by that same gov't/politician.
When you go to the grocery store, you don't buy all meat or all bread. You buy a little of everything. Why wouldn't you do the same with your investments? A little silver, a little gold, etc...
Lana
-------------------- Myco Supply - Distributors of Mycological Products http://www.MycoSupply.com The Premiere Source for Mushroom Growing Supplies. Visit us online or call us toll free
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Stonehenge
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Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Lana]
#14499408 - 05/23/11 02:32 PM (12 years, 8 months ago) |
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You have a good point, lana. That's why i'm not buying more gold right now but might buy silver or more real estate. Cash is ok but looks to tank in the long run. If the govt gives in to temptation on more qe, the dollar will collapse faster but it's demise in the form of inflation is certain. The likelihood of commodity prices collapsing is almost nil. That's like saying the dollar and related currencies will go way way up in value. Not gonna happen.
You have a group of pathological liars and thieves (govt) in charge of monetary policy which is why we are in this situation to begin with and why cash has already lost most of it's value. Just go back 40 years and the dollar was worth around 10 times as much. Go back 100 or so years and it was worth 50 times as much. How long before it's worth zero? It will approach zero but probably never get there. They will just add more zeros to the bank notes, bringing back the 500 and $1000 bills. Later, the 5000 and 10,000 will appear in circulation. By then gas will be $1000 or more per tank. And it will get worse
I'd love to see gold and silver prices tank. I'd buy the heck out of them and so would a lot of other people. That is why it won't happen. Anyone with sense would rather have precious metals than cash although you do need some cash liquidity. It just makes a horrible investment and keeping a lot in cash is not a good idea. Gold is highly liquid which makes it even more attractive. In one afternoon you can get a check for your gold and cash it.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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Hotnuts
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Registered: 02/26/05
Posts: 3,436
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Last seen: 24 days, 20 hours
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Stonehenge]
#14504845 - 05/24/11 02:35 PM (12 years, 8 months ago) |
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Silver and gold charts, are looking pretty damn good right here! Trade's really thin, so you have to take that into account. And if poo hits the fan (which it already is, but as i've mentioned before, the US stock markets are terrible), will folks buy pm's in that environment? The answer's "no". A currency crisis, then buy gold with that currency, if you can. Hard to say wtf's coming around the corner next! Easy bet, that something terrible is. lmao! These folks have are beautiful world all screwed up.
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UniversalParadox
Stranger Than Fiction

Registered: 01/16/09
Posts: 397
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Hotnuts]
#14509877 - 05/25/11 01:21 PM (12 years, 8 months ago) |
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If precious metal prices collapse, won't the premiums go way up and wont precious metals dry up and the same time?
-------------------- xM�� � �V� �c�R��H�P
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: UniversalParadox]
#14510515 - 05/25/11 03:50 PM (12 years, 8 months ago) |
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Quote:
UniversalParadox said:
IfWhen precious metal prices collapse, won't the premiums go way up and wont precious metals dry up and the same time?
Fixed for you. Firm believer that extended periods of negative real Fed Funds rates leads to economic bubbles? Think the protracted negative FF rate from 2001-2004 helped cause the Housing bubble?
Then you're probably thinking this current protracted period is leading to the PM bubble, right?
$50 --> $36 wasn't that the drop? Bubbly behavior there.
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2jew4u
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: memes]
#14512299 - 05/25/11 10:03 PM (12 years, 8 months ago) |
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There is pull back in the metals, but thats due to people selling them off,(its artificially high also from hedge funds buying it)the metal with the best future, Imo is Rhodium its as cheap as gold,and the all time high was almost ten times what it is now, and as the Dollar rises, it will also as more people buy cars, Or use it in fuel cells for alternative energy vehicles.
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Stonehenge
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Registered: 06/20/04
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: 2jew4u]
#14514998 - 05/26/11 12:19 PM (12 years, 8 months ago) |
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Meams, you are assuming the dollar has a fixed value when you are calculating your bubbles. The dollar is fiat and has no intrinsic value at all. For metals or commodities in general to fall a lot in price, would mean the dollar was worth a lot more and deflation had set in. The only time we ever had deflation beyond an insignificant percentage was during the depression when the dollar was fixed to gold and silver. We are teetering on the edge of default right now. Do the math, commodities are going up not down and the dollar is headed toward the basement fast as politicians can stuff their pockets.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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zorbman
blarrr


Registered: 06/04/04
Posts: 5,952
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Stonehenge]
#14515931 - 05/26/11 03:19 PM (12 years, 8 months ago) |
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The bubble is in the dollar, not metals.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
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Yrat
Hello

Registered: 11/08/07
Posts: 2,312
Last seen: 2 years, 10 months
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: UniversalParadox]
#14515944 - 05/26/11 03:22 PM (12 years, 8 months ago) |
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stonehenge, while i agree with you about fiat, you are completely ignoring supply/demand, speculation, etc.
prices aren't simply inverse to the dollar. there is always more to it than that.
besides, meams calling silver bubbly is my contrarian indicator to BUY BUY BUY! 
Quote:
UniversalParadox said: If precious metal prices collapse, won't the premiums go way up and wont precious metals dry up and the same time?
you have highlighted the issue between the paper supply of metal, and the real physical metal. it is estimated that there are 100oz of "paper" silver contracts for every 1oz of real silver in existence.
the paper price could go to zero, but there is no way in hell anyone would be selling their metal. if large warehouse inventories of metals are shown to lack the quantities of physical that they claim to own, you could quickly see a massive divergence between the paper "spot" price for silver, and the price for actual physical.
zorb, right on
-------------------- "There are a thousand hacking at the branches of evil to one who is striking at the root." -Henry David Thoreau Strike The Root
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: zorbman]
#14515963 - 05/26/11 03:26 PM (12 years, 8 months ago) |
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The bubble?
 A weighted average of the foreign exchange value of the U.S. dollar against a subset of the broad index currencies that circulate widely outside the country of issue. Major currencies index includes the Euro Area, Canada, Japan, United Kingdom, Switzerland, Australia, and Sweden.
?
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Stonehenge
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Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: memes]
#14516028 - 05/26/11 03:43 PM (12 years, 8 months ago) |
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I'm not ignoring supply and demand. When fiat money starts to fall apart, there will be even more demand for gold, silver and even copper. The euro and dollar are like punch drunk fighters looking for a soft place to land when they fall down. Much of the value of the yuan is based on china's holdings of foreign currency and assumptions on their continued prosperity. There is no gold behind it that i'm aware of.
The politicians passed laws saying you can't create your own currency. They are afraid of the competition.
I'm not aware of any money backed by gold or silver. The dollar will be headed into free fall in the next few years. I'm still hoping to pick up some more foreclosures. Maybe i'll see a dip in prices and buy more silver or gold. Too much cash is not good.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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Yrat
Hello

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Re: ATTENTION: Buy opportunity for Silver emerging [Re: memes]
#14516043 - 05/26/11 03:45 PM (12 years, 8 months ago) |
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i don't think indexing a fiat currency against other fiats is really all that accurate in determining "value."
what happens when you and a buddy jump out of a plane? you float right next to each other, relatively speaking. doesn't mean you're both still not falling...
-------------------- "There are a thousand hacking at the branches of evil to one who is striking at the root." -Henry David Thoreau Strike The Root
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
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Re: ATTENTION: Buy opportunity for Silver emerging [Re: Yrat]
#14516058 - 05/26/11 03:48 PM (12 years, 8 months ago) |
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K show me the graph I should be looking at. kthnx.
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