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InvisibleMakaveli
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Registered: 04/01/99
Posts: 1,700
Loc: NY
Re: Silver takes a beating [Re: Gilgamesh18]
    #17480095 - 01/01/13 08:28 AM (11 years, 29 days ago)

Quote:

Gilgamesh18 said:
Oh very nice I love the eagles great coins and 33.33 an ounce isn't to shabby. I also bought about 20 eagles recently and a bunch of junk 90% silver mercury dimes are good and some peace dollars!





What are your thoughts on the "junk" silver?  I read some conflicting reports.  Mainly that it may be a pain in the ass to get rid of when the time comes.


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InvisibleGilgamesh18
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Registered: 03/01/12
Posts: 11,671
Re: Silver takes a beating [Re: Makaveli]
    #17480104 - 01/01/13 08:34 AM (11 years, 29 days ago)

I have solid stack of junk silver mainly peace dollars and mercury dimes. I think junk silver has its place and if SHTF it will be an excellent barter tool the eagles will as well! From a purely investment standpoint I would stick to .999 purity as it is easier to sell when the price moves up.


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InvisibleMakaveli
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Registered: 04/01/99
Posts: 1,700
Loc: NY
Re: Silver takes a beating [Re: Gilgamesh18]
    #17480382 - 01/01/13 10:44 AM (11 years, 29 days ago)

Quote:

Gilgamesh18 said:
I have solid stack of junk silver mainly peace dollars and mercury dimes. I think junk silver has its place and if SHTF it will be an excellent barter tool the eagles will as well! From a purely investment standpoint I would stick to .999 purity as it is easier to sell when the price moves up.





Are you a strictly silver guy, or do you recommend buying physical gold too?   

Thanks for answering all my questions btw :smile:


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InvisibleGilgamesh18
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Registered: 03/01/12
Posts: 11,671
Re: Silver takes a beating [Re: Makaveli]
    #17480407 - 01/01/13 10:52 AM (11 years, 29 days ago)

Quote:

Makaveli said:
Quote:

Gilgamesh18 said:
I have solid stack of junk silver mainly peace dollars and mercury dimes. I think junk silver has its place and if SHTF it will be an excellent barter tool the eagles will as well! From a purely investment standpoint I would stick to .999 purity as it is easier to sell when the price moves up.





Are you a strictly silver guy, or do you recommend buying physical gold too?   

Thanks for answering all my questions btw :smile:




Due to financial limitations I buy silver however once I have more disposable income I will defiantly be buying gold as well.:cool:


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InvisibleShins
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Registered: 09/15/04
Posts: 16,337
Re: Silver takes a beating [Re: Shins]
    #17489445 - 01/02/13 11:59 PM (11 years, 27 days ago)

Quote:

Shins said:
buying op.

its hinging on this "fiscal cliff" thing




looks like i was right.


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http://yourlogicalfallacyis.com/


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InvisibleGilgamesh18
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Re: Silver takes a beating [Re: Shins]
    #17490372 - 01/03/13 07:38 AM (11 years, 27 days ago)

And I bought yesterday!


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OfflineBambi
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Re: Silver takes a beating [Re: Gilgamesh18]
    #17490754 - 01/03/13 09:48 AM (11 years, 27 days ago)

Quote:

Gilgamesh18 said:
And I bought yesterday!




and i sold :awesome:


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


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Offlineqman
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Re: Silver takes a beating [Re: Bambi]
    #17491252 - 01/03/13 12:07 PM (11 years, 26 days ago)

One of the top if not the best technical analyses in the gold market, Alf Field, his bet is that once $1800 oz is taken out, the next move begins.

http://www.321gold.com/editorials/field/field010313.html


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InvisibleGilgamesh18
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Registered: 03/01/12
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Re: Silver takes a beating [Re: qman]
    #17491471 - 01/03/13 12:53 PM (11 years, 26 days ago)

Quote:

qman said:
One of the top if not the best technical analyses in the gold market, Alf Field, his bet is that once $1800 oz is taken out, the next move begins.

http://www.321gold.com/editorials/field/field010313.html



Haha sweet I have been eyeing the krugerrand gold coins maybe I should get em now before there gone.


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Offlineqman
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Re: Silver takes a beating [Re: Gilgamesh18]
    #17493654 - 01/03/13 07:47 PM (11 years, 26 days ago)

Gold and silver down on news that QE could end after 2013, what a joke, the propaganda from the criminals never stops, QE to infinty and beyond.

http://www.jsmineset.com/2013/01/03/the-federal-reserve-has-no-practical-option-to-end-qe/


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InvisibleShins
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Re: Silver takes a beating [Re: qman]
    #17494003 - 01/03/13 08:48 PM (11 years, 26 days ago)

buying op!

:lol:QE is not going to end any time soon.

do gold traders really buy that?


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


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Offlineqman
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Re: Silver takes a beating [Re: Shins]
    #17494175 - 01/03/13 09:20 PM (11 years, 26 days ago)

Quote:

Shins said:
buying op!

:lol:QE is not going to end any time soon.

do gold traders really buy that?




Well it starts off with the crooks (who already knew about the announcement)selling huge amounts paper gold/silver into the market, and then some traders join the crooks, and then before you know it they hit stop losses on the longs who also have to end up selling their paper contract.

In a matter of a few minutes we have the gold price down $25, we have seen it so many times most of us are becoming numb to the circus.

Gold investors just laugh it off, we all know that we are dealing with desparate lying children at this point, no more QE, too funny.


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InvisibleShins
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Re: Silver takes a beating [Re: qman]
    #17494221 - 01/03/13 09:28 PM (11 years, 26 days ago)

you took the words right out of my mouth.


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


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InvisibleLana
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Re: Silver takes a beating [Re: qman]
    #17495715 - 01/04/13 08:26 AM (11 years, 26 days ago)

Quote:

qman said:
Gold and silver down on news that QE could end after 2013, what a joke, the propaganda from the criminals never stops, QE to infinty and beyond.

http://www.jsmineset.com/2013/01/03/the-federal-reserve-has-no-practical-option-to-end-qe/




Absolutely.

Over 16 trillion in debt, unfunded liabilities out the wazoo, no budget passed since April 29 2009 and the debasement of the USD continues.  For PM buyers, this is a buying op.

Although, I have a question...  What if this is true.  Say by the beginning of 2014 QE infinity stops.  Who would/can buy T bills?  China?  If QE stops, there's one fast way to pull all that cash out of the market.... raise interest rates.  Any thoughts?

Lana


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InvisibleGilgamesh18
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Registered: 03/01/12
Posts: 11,671
Re: Silver takes a beating [Re: Lana]
    #17495823 - 01/04/13 08:57 AM (11 years, 26 days ago)

Quote:

Lana said:
Quote:

qman said:
Gold and silver down on news that QE could end after 2013, what a joke, the propaganda from the criminals never stops, QE to infinty and beyond.

http://www.jsmineset.com/2013/01/03/the-federal-reserve-has-no-practical-option-to-end-qe/




Absolutely.

Over 16 trillion in debt, unfunded liabilities out the wazoo, no budget passed since April 29 2009 and the debasement of the USD continues.  For PM buyers, this is a buying op.

Although, I have a question...  What if this is true.  Say by the beginning of 2014 QE infinity stops.  Who would/can buy T bills?  China?  If QE stops, there's one fast way to pull all that cash out of the market.... raise interest rates.  Any thoughts?

Lana




I think the T-bills will continue to be purchased by China they have no way out there economy is dependent upon ours for survival. However I think rampant inflation will steal the spending power of the dollar as well and eventually no amount of printing will suffice. Hard assets in this climate have never looked better!


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Offlineqman
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Registered: 12/06/06
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Re: Silver takes a beating [Re: Lana]
    #17495879 - 01/04/13 09:17 AM (11 years, 26 days ago)

Quote:

Lana said:
Quote:

qman said:
Gold and silver down on news that QE could end after 2013, what a joke, the propaganda from the criminals never stops, QE to infinty and beyond.

http://www.jsmineset.com/2013/01/03/the-federal-reserve-has-no-practical-option-to-end-qe/




Absolutely.

Over 16 trillion in debt, unfunded liabilities out the wazoo, no budget passed since April 29 2009 and the debasement of the USD continues.  For PM buyers, this is a buying op.

Although, I have a question...  What if this is true.  Say by the beginning of 2014 QE infinity stops.  Who would/can buy T bills?  China?  If QE stops, there's one fast way to pull all that cash out of the market.... raise interest rates.  Any thoughts?

Lana




Who would/can buy T bills?  The answer is really no one, China stopped buying over a year ago, but still holds what they own. Japan the most insolvent nation in the world prints Yen and buys some T-bills, but that is about it.

What the financial media or "experts" will never admit, interest rates can never go higher, if so, the game is over. Most knew this fact in early 2009, there is no exit strategy or hiking of interest rates. ZIRP or zero interest rate policy will remain in place until a new currency is designed, there is no other choice.

Jim Sinclair sums it up once again- http://www.jsmineset.com/2013/01/04/the-federal-reserve-really-has-no-practical-option-to-end-qe/


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OfflineBambi
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Re: Silver takes a beating [Re: qman]
    #17496448 - 01/04/13 11:30 AM (11 years, 25 days ago)

Is it just me or is this thread just completely biased for buying PM's...? I mean I can understand the consensus being that 5+ years from now all PM's will be worth more than they are now and that they hedge against the potential collapse of the economy... but the ideology seems to be that silver is currently the lowest it will ever be and buying today will leave you better off than if you had waited for one day.

For instance, gilgamesh bought silver on the highest day of the past ten days... now that doesnt quite prove the idea of not being able to lose when buying silver. He would be out at least an unrealized $4 per oz not including premium.

I just wish this thread had some intelligent discussion going on such as... "What if this is true.  Say by the beginning of 2014 QE infinity stops.  Who would/can buy T bills?  China?  If QE stops, there's one fast way to pull all that cash out of the market.... raise interest rates.  Any thoughts?"

But instead I see almost entirely people talking about the price rising as if there is no reason it could ever go down.

I mostly invest in stocks and have no silver, but recently bought and sold a 3x silver etf. I came to this thread hoping to find discussion on how silver might react to the fiscal cliff or discussion outside of a economy collapse scenario.

But I guess every thread cant be what I want it to be. Feel free to ignore what I said. I just know not to look here for any discussion on the short term silver market (<5years)


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


"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben


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Offlineqman
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Registered: 12/06/06
Posts: 34,927
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Re: Silver takes a beating [Re: Bambi]
    #17496598 - 01/04/13 12:10 PM (11 years, 25 days ago)

Quote:

Bambi said:
Is it just me or is this thread just completely biased for buying PM's...? I mean I can understand the consensus being that 5+ years from now all PM's will be worth more than they are now and that they hedge against the potential collapse of the economy... but the ideology seems to be that silver is currently the lowest it will ever be and buying today will leave you better off than if you had waited for one day.

For instance, gilgamesh bought silver on the highest day of the past ten days... now that doesnt quite prove the idea of not being able to lose when buying silver. He would be out at least an unrealized $4 per oz not including premium.

I just wish this thread had some intelligent discussion going on such as... "What if this is true.  Say by the beginning of 2014 QE infinity stops.  Who would/can buy T bills?  China?  If QE stops, there's one fast way to pull all that cash out of the market.... raise interest rates.  Any thoughts?"

But instead I see almost entirely people talking about the price rising as if there is no reason it could ever go down.

I mostly invest in stocks and have no silver, but recently bought and sold a 3x silver etf. I came to this thread hoping to find discussion on how silver might react to the fiscal cliff or discussion outside of a economy collapse scenario.

But I guess every thread cant be what I want it to be. Feel free to ignore what I said. I just know not to look here for any discussion on the short term silver market (<5years)




Looking for short term trading thoughts on silver? Well, in my opinion you are wasting your time thinking anyone can trade silver. Why? Silver is one of the most volatile and manipulated market in the world.

If one looks at a long term silver chart, silver has short term spikes followed by long periods of downward or flat consolidation periods, lasting as long as a 1.5 to 2 years. There are many head fakes before the breakout higher, which one will be the real one?

If you are looking for fundamentals or headline news to correctly move the silver price in the proper direction, you are looking in the wrong place, it just does not happen.

Most silver/gold investors are buy and hold, there is no other choice, the fundamentals for much higher prices is very positive in the future, could there be more downside from here? Of course that is a possibility. Big deal if someone has -10 to -15% loss on a recent purchase, that is nothing in the big picture.


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InvisibleGilgamesh18
Herbivore Man

Registered: 03/01/12
Posts: 11,671
Re: Silver takes a beating [Re: Bambi]
    #17496630 - 01/04/13 12:17 PM (11 years, 25 days ago)

Quote:

Bambi said:
Is it just me or is this thread just completely biased for buying PM's...? I mean I can understand the consensus being that 5+ years from now all PM's will be worth more than they are now and that they hedge against the potential collapse of the economy... but the ideology seems to be that silver is currently the lowest it will ever be and buying today will leave you better off than if you had waited for one day.

For instance, gilgamesh bought silver on the highest day of the past ten days... now that doesnt quite prove the idea of not being able to lose when buying silver. He would be out at least an unrealized $4 per oz not including premium.

I just wish this thread had some intelligent discussion going on such as... "What if this is true.  Say by the beginning of 2014 QE infinity stops.  Who would/can buy T bills?  China?  If QE stops, there's one fast way to pull all that cash out of the market.... raise interest rates.  Any thoughts?"

But instead I see almost entirely people talking about the price rising as if there is no reason it could ever go down.

I mostly invest in stocks and have no silver, but recently bought and sold a 3x silver etf. I came to this thread hoping to find discussion on how silver might react to the fiscal cliff or discussion outside of a economy collapse scenario.

But I guess every thread cant be what I want it to be. Feel free to ignore what I said. I just know not to look here for any discussion on the short term silver market (<5years)



It is easy to get carried away however I believe that Silver is undervalued and I plan to hold it for the long term. While in the short term I may have lost a little bit in the long term I think it will pay off. Precious metals aren't my only investment either so I have diversified but the economic situation is dire and I think its prudent to hold gold and silver.


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OfflineBambi
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Re: Silver takes a beating [Re: qman]
    #17496914 - 01/04/13 01:10 PM (11 years, 25 days ago)

Quote:

qman said:

Looking for short term trading thoughts on silver? Well, in my opinion you are wasting your time thinking anyone can trade silver. Why? Silver is one of the most volatile and manipulated market in the world.

If one looks at a long term silver chart, silver has short term spikes followed by long periods of downward or flat consolidation periods, lasting as long as a 1.5 to 2 years. There are many head fakes before the breakout higher, which one will be the real one?

If you are looking for fundamentals or headline news to correctly move the silver price in the proper direction, you are looking in the wrong place, it just does not happen.

Most silver/gold investors are buy and hold, there is no other choice, the fundamentals for much higher prices is very positive in the future, could there be more downside from here? Of course that is a possibility. Big deal if someone has -10 to -15% loss on a recent purchase, that is nothing in the big picture.




I happen to think people can trade silver. Shit, people DO trade silver. I do a little bit of trading silver myself. You may think its unwise, but many things are more unwise than trying to trade silver imo. It also happens to be that the biggest returns can come from volatile markets, which silver silver has only been during the years 1978-1988 and 2004+ of the past 75 years. and if i wanted headlines, id being looking to the news for that.

I just dont think we see eye to eye on this whole silver thing, but hell. if we all thought the same the world would be a boring place :cheers:


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


"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben


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