Home | Community | Message Board

MRCA Tyroler Gluckspilze
This site includes paid links. Please support our sponsors.


Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Shop: PhytoExtractum Buy Bali Kratom Powder   North Spore Injection Grain Bag   Bridgetown Botanicals Bridgetown Botanicals   Unfolding Nature Unfolding Nature: Being in the Implicate Order   Kraken Kratom Red Vein Kratom

Jump to first unread post Pages: 1 | 2 | 3  [ show all ]
InvisibleAsante
Mage
Male User Gallery

Registered: 02/06/02
Posts: 87,085
WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us?
    #15099803 - 09/19/11 08:09 AM (12 years, 5 months ago)

On the shroomery, since about 2006, there has been a small group of members, myself included, consistently lobbying for gold and silver investing.

We always advocated doing your own research and taking personal responsibility for your investmens.

And oh boy!  Gold was under 700 and now its been over 1900, silver was about 10-12 and now has been around 50-55.

I know for a fact several shroomerites listened, did their own research, were in a position to act and made thousands.

Who is with us?

Who was with us?

Who's thinking of hopping aboard?

When did you get in?

Which metals?

How much increase have you seen?

You can post anonymously if you feel like disclosing graphic details, but please keep it neutral and show yourselves.




For me it started in 2006 with a careful 5 troy ounces of gold
:awegold::awegold::awegold::awegold::awegold:
and progressed from there. From gold I gravitated towards silver because I think thats where the biggest gains will be.
I invested "a lot" of what I have available over the years and it went to about 250%-300% in value.


--------------------
Omnicyclion.org
higher knowledge starts here

Extras: Filter Print Post Top
Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 8 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Asante]
    #15101502 - 09/19/11 02:57 PM (12 years, 5 months ago)

THOUSANDAIRES!  WOO HOO!  WINNING!


--------------------

Extras: Filter Print Post Top
InvisibleIcelander
The Minstrel in the Gallery
Male


Registered: 03/15/05
Posts: 95,368
Loc: underbelly
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: zappaisgod]
    #15101558 - 09/19/11 03:08 PM (12 years, 5 months ago)

:lol:

Gotta start somewhere.  At least they're not in debt like most of the country.


--------------------
"Don't believe everything you think". -Anom.

" All that lives was born to die"-Anom.

With much wisdom comes much sorrow,
The more knowledge, the more grief.
Ecclesiastes circa 350 BC

Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,466
Loc: city of angels Flag
Last seen: 5 hours, 38 minutes
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Asante]
    #15101612 - 09/19/11 03:19 PM (12 years, 5 months ago)

My core holding has been in numismatic coins (predominantly $20 & $10 Liberty coins along with some $5 & $10 Indians) purchased in November 2006.  I would've done significantly better with straight bullion, but since these were purchased principally for asset diversification and not as an investment per se, they have served their purpose.  I would still advocate bullion over numismatics, as I last advocated one year ago in this forum.

I have also traded in and out of the exchange traded gold and silver funds (GLD & SLV).  I in fact just today dipped my toe into SLV with some November $39 calls on this morning's weakness that seemed to stem in large part from dollar strength.  Put plainly, so long as the US and other nations of the world attempt to inflate their way out of crushing debts, the fundamental thesis behind allocating a portion of one's assets into precious metals is pretty solid.

To those with no position, I would suggest that this is an appropriate time to start legging into a new position, with the intention to add to your position on subsequent weakness, likely to be perpetuated should the EU financial system breathe a sigh of relief from some sort of collaborative effort in attempts to resolve their debt issues and save the Euro.  Gold at $1600/oz is where I start to get more interested.  Silver at $30 - $35.  Note that these levels are predicated upon trading psychology, not upon fundamental calculation.  Thus, they are subject to change when the macro economic picture and/or market sentiment changes.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...

Extras: Filter Print Post Top
Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 8 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Icelander]
    #15101615 - 09/19/11 03:19 PM (12 years, 5 months ago)

I have no problem with anybody speculating in commodities.  Just be aware.  You can make lots of money doing it.  You can also lose lots of money doing it.  Anybody who tries to sell you a sure thing is blowing smoke up your ass.


--------------------

Extras: Filter Print Post Top
InvisibleShins
Fun guy
Male User Gallery


Registered: 09/15/04
Posts: 16,337
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: zappaisgod]
    #15102134 - 09/19/11 05:04 PM (12 years, 5 months ago)

Quote:

zappaisgod said:
I have no problem with anybody speculating in commodities.  Just be aware.  You can make lots of money doing it.  You can also lose lots of money doing it.  Anybody who tries to sell you a sure thing is blowing smoke up your ass.




Jealous?

you cant lose money on precious metals when interest rates are near zero.

Duh.

Well talk once they go up significantly.

the 80s is a prime example.  Volker?
raised core interest rates suddenly to near 20
and commodities crashed while the dollar soared.

sell now if you believe bernanke will do the same tomorrow.

Ive been buying since about 06 and my first precious metal posts in this forum were around 07


--------------------
http://yourlogicalfallacyis.com/

Edited by Shins (09/19/11 05:09 PM)

Extras: Filter Print Post Top
Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 8 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins]
    #15102578 - 09/19/11 06:31 PM (12 years, 5 months ago)

Quote:

Shins said:
Quote:

zappaisgod said:
I have no problem with anybody speculating in commodities.  Just be aware.  You can make lots of money doing it.  You can also lose lots of money doing it.  Anybody who tries to sell you a sure thing is blowing smoke up your ass.




Jealous?




Not at all.  I just wasn't born yesterday.
Quote:



you cant lose money on precious metals when interest rates are near zero.

Duh.

Well talk once they go up significantly.

the 80s is a prime example.  Volker?
raised core interest rates suddenly to near 20
and commodities crashed while the dollar soared.

sell now if you believe bernanke will do the same tomorrow.

Ive been buying since about 06 and my first precious metal posts in this forum were around 07




Good for you.  I don't care.  Knock yourself out, thousandaire.


--------------------

Extras: Filter Print Post Top
InvisibleShins
Fun guy
Male User Gallery


Registered: 09/15/04
Posts: 16,337
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: zappaisgod]
    #15102686 - 09/19/11 06:58 PM (12 years, 5 months ago)

Zappa you know very well that your profits are only potentially as big as your principal will allow.

percentage gains and all

had one bought a billion in silver ten years ago it would today net them about 8 or 9 billion.

It also just goes to show that many rich people are also horrid bums, they just know a better way to cheat the system.

Its not fair for someone to multiply and net that kind of money just because he has lots of money to begin with.

its welfare for the rich.

i suspect you know all about it though, bum.


--------------------
http://yourlogicalfallacyis.com/

Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,466
Loc: city of angels Flag
Last seen: 5 hours, 38 minutes
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins]
    #15103319 - 09/19/11 08:51 PM (12 years, 5 months ago)

Calm your souls gentlemen, let's keep it respectable in here please.  No need to be bummin' up Money Matters.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...

Extras: Filter Print Post Top
InvisibleIcelander
The Minstrel in the Gallery
Male


Registered: 03/15/05
Posts: 95,368
Loc: underbelly
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: zappaisgod]
    #15103331 - 09/19/11 08:53 PM (12 years, 5 months ago)

Quote:

zappaisgod said:
I have no problem with anybody speculating in commodities.  Just be aware.  You can make lots of money doing it.  You can also lose lots of money doing it.  Anybody who tries to sell you a sure thing is blowing smoke up your ass.





I have a silver dollar. :thumbup:

But of course, true with any investment. 

Personally I'm not convinced that these metals would be worth much in a general collapse.  Booze, bullets, and bacon. Now those you can count on.


--------------------
"Don't believe everything you think". -Anom.

" All that lives was born to die"-Anom.

With much wisdom comes much sorrow,
The more knowledge, the more grief.
Ecclesiastes circa 350 BC

Extras: Filter Print Post Top
Offlinepothead_bob
Resident Pothead
Male


Registered: 04/12/08
Posts: 1,811
Loc: Your computer screen
Last seen: 3 years, 10 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Asante]
    #15105482 - 09/20/11 09:45 AM (12 years, 5 months ago)

I got in on silver first when I was in high school when I bought 10 maple leaf coins.  Silver was $5 an ounce then.

Then, I got in again in a much more serious way in 2008.  In fact, I put way too much of my money into metals.  I could have been considered a gold bug.  The investment paid off well, but I wouldn't do the same thing today.  I saw gains of 160% on my silver and about 100% on gold.  I now find it much too risky to go too heavy into metals.  I shoot to keep about 10% of my wealth in metals to act as a hedge against inflation and a turbulent economy.


--------------------
No knowledge can be certain, if it is not based
upon mathematics or upon some other knowledge
which is itself based upon the mathematical
sciences.
  -Leonardo da Vinci (1425-1519)

Speak well of your enemies.  After all, you made them.

Extras: Filter Print Post Top
Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 8 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins]
    #15106744 - 09/20/11 02:10 PM (12 years, 5 months ago)

Quote:

Shins said:
Zappa you know very well that your profits are only potentially as big as your principal will allow.

percentage gains and all

had one bought a billion in silver ten years ago it would today net them about 8 or 9 billion.

It also just goes to show that many rich people are also horrid bums, they just know a better way to cheat the system.

Its not fair for someone to multiply and net that kind of money just because he has lots of money to begin with.

its welfare for the rich.

i suspect you know all about it though, bum.



It's not fair?  :rofl2:  :bitch:You don't think it's fair for somebody who has more money to invest more money?  Is it fair for you to invest money while others cannot because they have none?

Having the money you have is now welfare?


--------------------

Extras: Filter Print Post Top
InvisibleShins
Fun guy
Male User Gallery


Registered: 09/15/04
Posts: 16,337
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: zappaisgod]
    #15108053 - 09/20/11 05:57 PM (12 years, 5 months ago)

Gaining much much more money in proportion to the same or less work just because you have money to begin with is like welfare, that money is taken out of circulation for others.

IMO its a form of usury, and its why not ALL rich people deserve tax breaks.


--------------------
http://yourlogicalfallacyis.com/

Extras: Filter Print Post Top
Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 8 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins]
    #15108384 - 09/20/11 06:54 PM (12 years, 5 months ago)

Quote:

Shins said:
Gaining much much more money in proportion to the same or less work just because you have money to begin with is like welfare, that money is taken out of circulation for others.




No, no money has been taken out of circulation.  And doesn't that apply to yourself if you own silver?  WELFARE BUM RIGHT HERE!
Quote:



IMO its a form of usury, and its why not ALL rich people deserve tax breaks.





The essential characteristics of your opinions are well understood around here.


--------------------

Extras: Filter Print Post Top
InvisibleShins
Fun guy
Male User Gallery


Registered: 09/15/04
Posts: 16,337
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: zappaisgod]
    #15108647 - 09/20/11 07:32 PM (12 years, 5 months ago)

Yes i do own silver and im making bank, but i also think it is wrong and unjust.

im making money basically because the economy is crashing and causing widespread suffering.

i would rather not make free, unearned money, earn it by contibuting to society and have others have a better quality of life.

But i am somewhat unselfish and have a concience.


--------------------
http://yourlogicalfallacyis.com/

Extras: Filter Print Post Top
InvisibleAsante
Mage
Male User Gallery

Registered: 02/06/02
Posts: 87,085
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins]
    #15108792 - 09/20/11 07:54 PM (12 years, 5 months ago)

Quote:

Yes i do own silver and im making bank, but i also think it is wrong and unjust.

im making money basically because the economy is crashing and causing widespread suffering.





Survivor guilt. So, you are one of the first boarding the life raft, that makes you smart, and you ARE educating people about what you feel is to come. What more can you do? You could put it in a savings ccount and watch TV like the rest of the USA, but you chose something better, doing that would even be more wrong.


--------------------
Omnicyclion.org
higher knowledge starts here

Extras: Filter Print Post Top
Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 8 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins]
    #15111975 - 09/21/11 01:24 PM (12 years, 5 months ago)

Quote:

Shins said:
Yes i do own silver and im making bank, but i also think it is wrong and unjust.

im making money basically because the economy is crashing and causing widespread suffering.

i would rather not make free, unearned money, earn it by contibuting to society and have others have a better quality of life.

But i am somewhat unselfish and have a concience.



Then give away your profits to a food pantry, Warren.  Do eet.


--------------------

Extras: Filter Print Post Top
Onlinetomnl
Beginner
Male User Gallery


Registered: 06/16/08
Posts: 1,641
Loc: Under the shroom
Last seen: 5 minutes, 27 seconds
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins] * 1
    #15115075 - 09/22/11 12:18 AM (12 years, 5 months ago)

Quote:

Shins said:
Yes i do own silver and im making bank, but i also think it is wrong and unjust.

im making money basically because the economy is crashing and causing widespread suffering.

i would rather not make free, unearned money, earn it by contibuting to society and have others have a better quality of life.

But i am somewhat unselfish and have a concience.





Let me take this burden from you!


--------------------
Been away so long I hardly knew the place
Gee, it's good to be back home
Leave it till tomorrow to unpack my case
Honey disconnect the phone
I'm back in the USSA
You don't know how lucky you are, boy
Back in the US
Back in the US
Back in the USSA

Extras: Filter Print Post Top
OfflineRevolutionine
number9..number9..num
Male


Registered: 11/16/08
Posts: 613
Loc: Everywhere
Last seen: 8 months, 10 days
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: tomnl]
    #15119620 - 09/22/11 08:26 PM (12 years, 5 months ago)

the gold ask is currently 1,749.00/oz on apmex, do you think its a good time to buy? i was reading gold could hit 5,000/oz in the near (10 years) future? im tempted to gamble a little!


--------------------
All I ever wanted was to be free,

and in the end that's how it turned out to be...

Extras: Filter Print Post Top
Onlinetomnl
Beginner
Male User Gallery


Registered: 06/16/08
Posts: 1,641
Loc: Under the shroom
Last seen: 5 minutes, 27 seconds
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Revolutionine]
    #15120649 - 09/23/11 12:06 AM (12 years, 5 months ago)

If gold closes under 1730 today, i think we will go even lower next week. But long term anyway very good imo. Im hoping for a qe3 announcement this weekend!


--------------------
Been away so long I hardly knew the place
Gee, it's good to be back home
Leave it till tomorrow to unpack my case
Honey disconnect the phone
I'm back in the USSA
You don't know how lucky you are, boy
Back in the US
Back in the US
Back in the USSA

Extras: Filter Print Post Top
InvisibleAsante
Mage
Male User Gallery

Registered: 02/06/02
Posts: 87,085
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: tomnl]
    #15121221 - 09/23/11 03:43 AM (12 years, 5 months ago)

Quote:

Im hoping for a qe3 announcement this weekend!








GEEZ, why not hope for a small scale nuclear exchange between the US and China?


--------------------
Omnicyclion.org
higher knowledge starts here

Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,466
Loc: city of angels Flag
Last seen: 5 hours, 38 minutes
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: tomnl]
    #15121610 - 09/23/11 07:52 AM (12 years, 5 months ago)

Quote:

tomnl said:

Im hoping for a qe3 announcement this weekend!




This is not a reasonable expectation.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...

Extras: Filter Print Post Top
Offlinegkipz
Male User Gallery


Registered: 02/22/09
Posts: 238
Loc: Queens New york
Last seen: 2 years, 5 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: geokills]
    #15121636 - 09/23/11 08:01 AM (12 years, 5 months ago)

The dollar is up right now ...I don't think the Feds like that very much
am guessing they are going to want to bring that down soon,,the gold sell off was
The same old bs ...if had money ill be looking to get in today or tomorrow

Extras: Filter Print Post Top
Offlinescatmanrav
Brainy Smurf


Registered: 05/08/04
Posts: 11,483
Loc: Flag
Last seen: 11 years, 1 month
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins]
    #15123196 - 09/23/11 03:04 PM (12 years, 5 months ago)

"you cant lose money on precious metals when interest rates are near zero."

I think today many would disagree.

I'm waiting to see what the weekend and monday brings before I start jumping into gold or silver, but its time to start looking again.


--------------------
"life is like a drop of rain getting closer and closer to falling into a lake, and then when you hit the lake there is no more rain drop, only the lake."

Growing with bags, start to finish (including my new grain and substrate prep)
Anyone looking to start bulk tubs/mono tubs/shotgun hybrids? Good tubs to use..
How I do grain (old still good tips)
Turn your closet into a fruiting chamber
Casing layer colonization and overlay

Extras: Filter Print Post Top
Invisiblebryguy27007
Cosmonaut
Male User Gallery

Folding@home Statistics
Registered: 01/26/08
Posts: 10,525
Loc: Flag
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: scatmanrav]
    #15127791 - 09/24/11 02:15 PM (12 years, 5 months ago)

I'm on the edge of my seat to see what's going to happen on Monday. I'm not going to try and speculate, but it should be fun to watch.

Extras: Filter Print Post Top
InvisibleShins
Fun guy
Male User Gallery


Registered: 09/15/04
Posts: 16,337
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: bryguy27007]
    #15128912 - 09/24/11 06:45 PM (12 years, 5 months ago)

What i think happened was that they raised the margin for futures trading which caused a rearrangement of some highly leveraged PM positions.

they did raise interest rates on trading PM futures.

i also heard that bernanke announced he wont be having a QE3 at this time which hints expectations for deflation and ultimately higher interest rates, and the dollar went up.

IMO this is your buying op.

The long term still looks good, us goldbugs are used to the short term dips, they happen a lot but if the fundamentals dont change, the upward trend will continue.


--------------------
http://yourlogicalfallacyis.com/

Extras: Filter Print Post Top
InvisibleShins
Fun guy
Male User Gallery


Registered: 09/15/04
Posts: 16,337
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins]
    #15128974 - 09/24/11 07:05 PM (12 years, 5 months ago)

Also check out OPERATION TWIST. the fed has come out with a new interest rate policy.

its whi the general market took a dip and the dollar went up.

i dont think its rational though.

the plan is for thw fed to start buying long term inerest rates in order to keep them low for people who have long term variable debts

It should actually weaken the dollar unless that means the fed is also going to scale back short term bond buyinb and let them rise?  i havent heard about that but i doubt it.


--------------------
http://yourlogicalfallacyis.com/

Extras: Filter Print Post Top
OfflineDesert Elf

Registered: 08/23/11
Posts: 765
Last seen: 10 years, 7 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Asante]
    #15135787 - 09/26/11 07:49 AM (12 years, 5 months ago)

A lot of people say silver will eventually exceed gold in price. Due to it being consumed on such a large scale. But gold is better than silver in many of its applications. The only reason silver is used instead of gold is because it is cheaper. Mind, this doesn't apply to all uses. Either way If silver could reach near the same price, manufacturers would start using gold... until silver drops again.

Also, the use of precious metals at all is determined by the demand for the product. If the metals get too expensive, the end product will be too expensive, thus reducing demand for the metal...

Do you think these forecasts are a bit ambitious? I know a lot of people are buying in because they expect some not too distant windfall. But will these factors cause an equilibrium at a much lower price?
I am skeptical of these claims of silver exploding in the near future.
Though I still regard precious metals for their stability and sure growth.
What are your thoughts? I am no expert.


--------------------
Om Bhur Bhuvah Svaha
Tat Savitur Varenyam
Bhargo Devasya Dhimahi
Dhiyo Yo Nah Prachodayat

Extras: Filter Print Post Top
InvisibleLana
Head Banana
Female

Registered: 10/27/99
Posts: 3,109
Loc: www.MycoSupply.com
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Desert Elf]
    #15135844 - 09/26/11 08:12 AM (12 years, 5 months ago)

Quote:

Desert Elf said:
A lot of people say silver will eventually exceed gold in price. Due to it being consumed on such a large scale. But gold is better than silver in many of its applications. The only reason silver is used instead of gold is because it is cheaper. Mind, this doesn't apply to all uses. Either way If silver could reach near the same price, manufacturers would start using gold... until silver drops again.

Also, the use of precious metals at all is determined by the demand for the product. If the metals get too expensive, the end product will be too expensive, thus reducing demand for the metal...

Do you think these forecasts are a bit ambitious? I know a lot of people are buying in because they expect some not too distant windfall. But will these factors cause an equilibrium at a much lower price?
I am skeptical of these claims of silver exploding in the near future.
Though I still regard precious metals for their stability and sure growth.
What are your thoughts? I am no expert.





Interesting post but think of it this way....

Yes, silver is used as an industrial product.  With that in mind, when an economy is slow, so is manufacturing.  When manufacturing is slow silver prices drop due to lack of demand. 

For centuries, gold and silver have always held value but I'm not sure of a time (if ever) when the price of silver exceeded that of gold.  Either way, this is a good buying opportunity.  I think if either gold or silver began to show a bit of support that is..

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

Extras: Filter Print Post Top
Invisiblebryguy27007
Cosmonaut
Male User Gallery

Folding@home Statistics
Registered: 01/26/08
Posts: 10,525
Loc: Flag
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Lana]
    #15136323 - 09/26/11 10:37 AM (12 years, 5 months ago)

Actually, silver is the best electrical and thermal conductor of any metal. The amount of silver used in most products is not influenced by the market because it is such a small amount (I forgot the term). Now, if we hit 1,500 an ounce for silver we might see people switching, but at 100 an ounce I'm not sure how big the impact would be.

Oh, silver is up past 30 and gold is back up past 1600.
It would have been nice to have timed that last bottom at 26 and gotten a few free ounces but I'm happy with 30.90. I wonder if this is going to hold. I see a few more calling for a dip down to 20.

Edited by bryguy27007 (09/26/11 10:40 AM)

Extras: Filter Print Post Top
Offlinecole2684
Gamer
Male


Registered: 02/17/10
Posts: 370
Last seen: 8 years, 2 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: bryguy27007]
    #15138702 - 09/26/11 08:05 PM (12 years, 5 months ago)

I wish it would start climbing again already! Making me nervous.


--------------------
---------------------------------------------
I'm a man who really enjoys his taffy.
---------------------------------------------

Extras: Filter Print Post Top
Invisiblebryguy27007
Cosmonaut
Male User Gallery

Folding@home Statistics
Registered: 01/26/08
Posts: 10,525
Loc: Flag
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: cole2684]
    #15139311 - 09/26/11 10:10 PM (12 years, 5 months ago)

Quote:

cole2684 said:
I wish it would start climbing again already! Making me nervous.




5 dollars in a day isn't fast enough for you?
Or are you talking about gold?

Extras: Filter Print Post Top
Offlinextokex
Stranger
Registered: 10/22/09
Posts: 662
Loc: SoCal
Last seen: 7 years, 8 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: bryguy27007]
    #15141353 - 09/27/11 10:44 AM (12 years, 5 months ago)


Extras: Filter Print Post Top
OfflineTranzfixed
Hunter/Gatherer
Male

Registered: 07/27/11
Posts: 965
Loc: Michigan Flag
Last seen: 10 years, 7 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: xtokex]
    #15141392 - 09/27/11 10:56 AM (12 years, 5 months ago)

so Wiccan are you saying that i should still buy gold/silver after how much it has already gone up? And how would i go about investing buy coins?


--------------------


"The True Guru has bestowed His most pure and sacred teachings. Chanting the name of the Lord, Har, Har, Har, my mind is transfixed and enraptured."

Extras: Filter Print Post Top
InvisibleMr. Bojangles
Breathe In
I'm a teapot User Gallery


Registered: 04/08/08
Posts: 1,937
Loc: The Dirty
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Tranzfixed]
    #15141470 - 09/27/11 11:15 AM (12 years, 5 months ago)

Quote:

Tranzfixed said:
so Wiccan are you saying that i should still buy gold/silver after how much it has already gone up? And how would i go about investing buy coins?




Idk where you're looking but silver dropped like a rock last week...down approx $20 since the late April high.  You can buy into funds, SLV is a decent fund that seems to follow the price action of silver well enough.  Indicators on it are pointing up too...it's coming out of oversold status on the RSI, MACD histogram seems to have leveled off at a bottom, and full stochastics are showing a buy signal.


--------------------
"It is dangerous to be right in matters on which the established authorities are wrong."

Francois-Marie Arouet

Extras: Filter Print Post Top
InvisibleShins
Fun guy
Male User Gallery


Registered: 09/15/04
Posts: 16,337
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Mr. Bojangles]
    #15150941 - 09/29/11 01:36 AM (12 years, 5 months ago)

Dont buy slv, buy physical.

futures like slv regularly sell more certificates than they own in silver.

aside from falsely manipulating the price, your promised silver is probably not there.

its the oldest goldsmith trick in the book.

buying physical puts pressure on these short sellers and puts upwards pressure on the price as they scramble to cover their short positions.


--------------------
http://yourlogicalfallacyis.com/

Extras: Filter Print Post Top
Offlinezappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 8 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins]
    #15157705 - 09/30/11 12:02 PM (12 years, 5 months ago)

Quote:

Shins said:
Dont buy slv, buy physical.

futures like slv regularly sell more certificates than they own in silver.

aside from falsely manipulating the price, your promised silver is probably not there.

its the oldest goldsmith trick in the book.

buying physical puts pressure on these short sellers and puts upwards pressure on the price as they scramble to cover their short positions.



Where you gonna put it?  Under your bed?


--------------------

Extras: Filter Print Post Top
InvisibleAsante
Mage
Male User Gallery

Registered: 02/06/02
Posts: 87,085
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: zappaisgod]
    #15161282 - 10/01/11 05:46 AM (12 years, 5 months ago)



--------------------
Omnicyclion.org
higher knowledge starts here

Extras: Filter Print Post Top
Onlinetomnl
Beginner
Male User Gallery


Registered: 06/16/08
Posts: 1,641
Loc: Under the shroom
Last seen: 5 minutes, 27 seconds
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Asante]
    #15161518 - 10/01/11 08:20 AM (12 years, 5 months ago)

Quote:

Wiccan_Seeker said:
Quote:

Im hoping for a qe3 announcement this weekend!








GEEZ, why not hope for a small scale nuclear exchange between the US and China?





Havent you heard yet?? QE till infinity!! :wink:


--------------------
Been away so long I hardly knew the place
Gee, it's good to be back home
Leave it till tomorrow to unpack my case
Honey disconnect the phone
I'm back in the USSA
You don't know how lucky you are, boy
Back in the US
Back in the US
Back in the USSA

Extras: Filter Print Post Top
OfflineEpigallo
Stranger
Registered: 09/17/06
Posts: 8,155
Last seen: 7 years, 5 days
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Lana]
    #15161914 - 10/01/11 10:45 AM (12 years, 5 months ago)

Quote:

Lana said:
Quote:

Desert Elf said:
A lot of people say silver will eventually exceed gold in price. Due to it being consumed on such a large scale. But gold is better than silver in many of its applications. The only reason silver is used instead of gold is because it is cheaper. Mind, this doesn't apply to all uses. Either way If silver could reach near the same price, manufacturers would start using gold... until silver drops again.

Also, the use of precious metals at all is determined by the demand for the product. If the metals get too expensive, the end product will be too expensive, thus reducing demand for the metal...

Do you think these forecasts are a bit ambitious? I know a lot of people are buying in because they expect some not too distant windfall. But will these factors cause an equilibrium at a much lower price?
I am skeptical of these claims of silver exploding in the near future.
Though I still regard precious metals for their stability and sure growth.
What are your thoughts? I am no expert.





Interesting post but think of it this way....

Yes, silver is used as an industrial product.  With that in mind, when an economy is slow, so is manufacturing.  When manufacturing is slow silver prices drop due to lack of demand. 

For centuries, gold and silver have always held value but I'm not sure of a time (if ever) when the price of silver exceeded that of gold.  Either way, this is a good buying opportunity.  I think if either gold or silver began to show a bit of support that is..

Lana




But industry hasn't really picked up that much since around 2007 has it? Why have the prices of silver and gold risen so much?

Extras: Filter Print Post Top
OfflineDesert Elf

Registered: 08/23/11
Posts: 765
Last seen: 10 years, 7 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Epigallo]
    #15165643 - 10/02/11 07:32 AM (12 years, 4 months ago)

People moving their investments over to metals. Much more secure when the economy is being battered.


--------------------
Om Bhur Bhuvah Svaha
Tat Savitur Varenyam
Bhargo Devasya Dhimahi
Dhiyo Yo Nah Prachodayat

Extras: Filter Print Post Top
Invisiblecateyes
 User Gallery

Registered: 12/16/03
Posts: 2,754
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Asante]
    #15502824 - 12/12/11 12:07 AM (12 years, 2 months ago)

although i was a member for sometime at that point, i was pretty out mentally and not logging in, but my wife and i did get in 2006... we have a good friend whose a commodities analyst and she warned us of a serious problem that had already been developing in the sub prime markets because loans were turning full rate and borrowers were unable to afford the increase in payments... long before i got married i purchased three rental homes in the early 1990's and she advised we should consider selling them and invest in some silver... my wife handled all the transactions pretty much other then signatures and we purchased 1100 pounds at around nine dollars an once... i'm absolutely floored at the returns... i think i posted this before in another thread but what prompted me to dig up this thread is i received an interesting Utube video from someone i subscribe to... he always has solid information and directs others to pretty cool websites for truthful information regarding all aspects of the economy and wall street... this was yesterdays video... it's short, but interesting... maybe some of you are aware of this already though, but i thought i'd just throw it out there... i'm being honest, i'm not an expert in metals at all and was wondering what others here who understood these markets better felt about this...



If Silver Goes Down All Hell Will Break Loose In The Physical Market: Silver Investment Update



Kensho :psychsplit:

Edited by cateyes (12/12/11 12:15 AM)

Extras: Filter Print Post Top
OfflineVisionary Tools
Male User Gallery


Registered: 06/23/07
Posts: 7,953
Last seen: 1 year, 8 months
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: cateyes]
    #15503468 - 12/12/11 05:52 AM (12 years, 2 months ago)

I wanna know where the gold at!

Not telling you were I stash my preciouses.



--------------------

Extras: Filter Print Post Top
OfflineEpigallo
Stranger
Registered: 09/17/06
Posts: 8,155
Last seen: 7 years, 5 days
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: cateyes]
    #15505565 - 12/12/11 04:01 PM (12 years, 2 months ago)

Quote:

cateyes said:
although i was a member for sometime at that point, i was pretty out mentally and not logging in, but my wife and i did get in 2006... we have a good friend whose a commodities analyst and she warned us of a serious problem that had already been developing in the sub prime markets because loans were turning full rate and borrowers were unable to afford the increase in payments... long before i got married i purchased three rental homes in the early 1990's and she advised we should consider selling them and invest in some silver... my wife handled all the transactions pretty much other then signatures and we purchased 1100 pounds at around nine dollars an once... i'm absolutely floored at the returns... i think i posted this before in another thread but what prompted me to dig up this thread is i received an interesting Utube video from someone i subscribe to... he always has solid information and directs others to pretty cool websites for truthful information regarding all aspects of the economy and wall street... this was yesterdays video... it's short, but interesting... maybe some of you are aware of this already though, but i thought i'd just throw it out there... i'm being honest, i'm not an expert in metals at all and was wondering what others here who understood these markets better felt about this...



If Silver Goes Down All Hell Will Break Loose In The Physical Market: Silver Investment Update



Kensho :psychsplit:




Can you tell me who the person is you subscribe to? I might check him/her out.

Extras: Filter Print Post Top
Invisiblecateyes
 User Gallery

Registered: 12/16/03
Posts: 2,754
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Epigallo]
    #15507075 - 12/12/11 08:18 PM (12 years, 2 months ago)

Quote:

bradley said:
Can you tell me who the person is you subscribe to? I might check him/her out.




place your cursor at the top of the video and the videos Utube name will appear... simply click on it and it will directly divert you to the Utube video on Utubes sever... there you can look at other videos of his... if you like him, cool subscribe... he's pretty much all self taught, but has gotten into it so deeply that others who are educated have basically taken him in...

i hope this helps...

Kensho :psychsplit:

Extras: Filter Print Post Top
InvisibleScudreloaded
psychonaut
Male User Gallery


Registered: 03/15/09
Posts: 3,003
Loc: Wonderland
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: cateyes] * 1
    #15508012 - 12/12/11 11:30 PM (12 years, 2 months ago)

so if i were to try and jump on this bandwagon now, where would i start. I don't have much money as i only have a minimum wage job, but i'd like to be able to put a little in while i can. if its possible.
point me in the right direction maybe?


--------------------
We were somewhere around Barstow on the edge of the desert when the drugs began to take hold. - Hunter S. Thompson

- believe what you may but take the internet with a grain of salt

Extras: Filter Print Post Top
Offlineqman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 2 days, 1 hour
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Scudreloaded]
    #15510070 - 12/13/11 11:33 AM (12 years, 2 months ago)

Quote:

Scudreloaded said:
so if i were to try and jump on this bandwagon now, where would i start. I don't have much money as i only have a minimum wage job, but i'd like to be able to put a little in while i can. if its possible.
point me in the right direction maybe?





If you have little money, buy silver coins, silver at 31-32oz today, coins now trading $2-4 over spot price, APMEX is the largest online store, great selection and pric

Extras: Filter Print Post Top
Invisiblecateyes
 User Gallery

Registered: 12/16/03
Posts: 2,754
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Scudreloaded]
    #15511788 - 12/13/11 05:26 PM (12 years, 2 months ago)

Quote:

Scudreloaded said:
so if i were to try and jump on this bandwagon now, where would i start. I don't have much money as i only have a minimum wage job, but i'd like to be able to put a little in while i can. if its possible.
point me in the right direction maybe?




i was pretty out of it at the time so my wife and friend handled everything... she advised buying 1000 grain ingots... i would probably follow qman's advice though because i'm not sure exactly what commissions were paid... if the info in the video is correct it's a great play in the long haul...

good luck man...

Kensho :psychsplit:

Extras: Filter Print Post Top
Invisibledemiu5
humans, lol
 User Gallery

Registered: 08/18/05
Posts: 43,948
Loc: the popcorn stadium Flag
Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Asante]
    #15566372 - 12/24/11 10:26 AM (12 years, 2 months ago)

i started "investing" when i was 16 in 2003.  i was an assistant manager at a grocery store and had to count the safe multiple times daily, as well as countdown tills.  we would get $500 boxes of quarters and $250 boxes of dimes, often wrapped in clear plastic.  in my free-time, i'd crack open the boxes and spot the silver in the wrappers.  pull out the silver, replace the coin(s) and re-wrap the roll.  the majority of my silver i paid face value for.

from 2003-2005 i accumulated a nice chunk, probably about a pound, troy, of silver.  the summer of 2005 i had about $5000 available i was wanting to invest in metals.  i spent months looking into the silver/gold markets and decided that while gold was more expensive, it was more likely to rise and pay off better than silver, in the short term.  at that point gold was somewhere between 420-440/oz.  i had been in contact with some local brokers and was going to make a deal, but my mom convinced me i should hold onto the money for university or in case of an emergency.  like a fool, i listened to her (she has/had no idea of these kinds of financial matters)

needless to say i didn't buy the gold and missed an amazing opportunity.  but over the last 8 years, i've slowly found/purchased small amounts of silver and a little bit of gold.  probably have a couple pounds of silver and a few grams of gold.  not a bad situation, considering i've put in very little money.


--------------------
channel your inner Larry David

Extras: Filter Print Post Top
Jump to top Pages: 1 | 2 | 3  [ show all ]

Shop: PhytoExtractum Buy Bali Kratom Powder   North Spore Injection Grain Bag   Bridgetown Botanicals Bridgetown Botanicals   Unfolding Nature Unfolding Nature: Being in the Implicate Order   Kraken Kratom Red Vein Kratom


Similar ThreadsPosterViewsRepliesLast post
* Does this look legit? The24HourMC 1,563 1 03/01/10 02:43 PM
by geokills

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: geokills, automan
3,949 topic views. 1 members, 1 guests and 1 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.044 seconds spending 0.013 seconds on 15 queries.