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OfflineBambi
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Re: Silver takes a beating [Re: Gilgamesh18]
    #17496935 - 01/04/13 01:13 PM (11 years, 25 days ago)

Quote:

Gilgamesh18 said:

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.




Understandable. Thanks for clarifying your ideas with silver. Good luck :thumbup:


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"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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InvisibleGilgamesh18
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Re: Silver takes a beating [Re: Bambi]
    #17497049 - 01/04/13 01:36 PM (11 years, 25 days ago)

Quote:

Bambi said:
Quote:

Gilgamesh18 said:

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.




Understandable. Thanks for clarifying your ideas with silver. Good luck :thumbup:



Thank you may I ask what you have invested in?


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OfflineBambi
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Re: Silver takes a beating [Re: Gilgamesh18]
    #17497300 - 01/04/13 02:32 PM (11 years, 25 days ago)

Quote:

Gilgamesh18 said:
Quote:

Bambi said:
Quote:

Gilgamesh18 said:

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.




Understandable. Thanks for clarifying your ideas with silver. Good luck :thumbup:



Thank you may I ask what you have invested in?




Sure. I have large amounts of cash. I do have some PM's, but It is rather minimal.. I recently got invested in the stock market where I currently own AGNC, ARR, ATVI, BKCC, and VE. Most of my savings has been in CD's which I am slowly moving out and into more lucrative investments. I've been meaning to get a hold better of my investments. maybe a new years resolution.


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


"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


Edited by Bambi (01/04/13 04:16 PM)


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InvisibleShins
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Re: Silver takes a beating [Re: Bambi]
    #17498341 - 01/04/13 05:54 PM (11 years, 25 days ago)

Buy the dips....

with financial conditions as they are i see the dips as being like pushing a basketball underwater.

dont neglect an exit strategy either,  fortunes have been made and lost when these things reverse.

keep an eye on interest rates


--------------------
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Edited by Shins (01/04/13 06:23 PM)


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InvisibleShins
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Re: Silver takes a beating [Re: Shins]
    #17498427 - 01/04/13 06:17 PM (11 years, 25 days ago)

"The dollar is not the king of anything, except maybe depreciation."
SchiffReport


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Offlineqman
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Re: Silver takes a beating [Re: Shins]
    #17508738 - 01/06/13 07:14 PM (11 years, 23 days ago)

The king of bonds Bill Gross, who is very bearish on the long bond, and has turned gold bull, Gross even says the US gold reserves are based on nothing more than faith, great read, check it out.

http://www.pimco.com/EN/Insights/Pages/Money-for-Nothin-Writing-Checks-for-Free.aspx


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InvisibleLana
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Re: Silver takes a beating [Re: Shins]
    #17510986 - 01/07/13 08:20 AM (11 years, 23 days ago)

Quote:

Shins said:
Buy the dips....

with financial conditions as they are i see the dips as being like pushing a basketball underwater.

dont neglect an exit strategy either,  fortunes have been made and lost when these things reverse.

keep an eye on interest rates




Yup, buy the dips and keep an eye on interest rates.  I just read an piece this morning that touches on interest rates.  In short, if interest rates rate rise, you'll see:

"The bottom line: going from just 2% to 3% interest, will result in total 2022 debt rising from $31.4 trillion to $34.1 trillion; while "jumping" from 2% to just the long term historical average of 5%, would push total 2022 debt to increase by a whopping $9 trillion over the 2% interest rate base case to over $40 trillion in total debt!

Sadly, this is no "magic" - this is the reality that awaits the US.

And for those more curious about that other critical economic indicator, debt/GDP, the three scenarios result in the following 2022 debt/GDP ratios:

    2% interest - 169%;
    3% interest - 183.5%; and
    5% interest - 217%, or just shy of where Japan is now."

http://www.zerohedge.com/news/2013-01-06/magic-compounding-impact-1-change-rates-total-2022-us-debt
-----------------------------------------------

The funny yet sad thing is that interest rates below 5% were unheard just a few years ago. 

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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Offlineqman
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Re: Silver takes a beating [Re: Lana]
    #17511299 - 01/07/13 10:02 AM (11 years, 23 days ago)

Quote:

Lana said:
Quote:

Shins said:
Buy the dips....

with financial conditions as they are i see the dips as being like pushing a basketball underwater.

dont neglect an exit strategy either,  fortunes have been made and lost when these things reverse.

keep an eye on interest rates




Yup, buy the dips and keep an eye on interest rates.  I just read an piece this morning that touches on interest rates.  In short, if interest rates rate rise, you'll see:

"The bottom line: going from just 2% to 3% interest, will result in total 2022 debt rising from $31.4 trillion to $34.1 trillion; while "jumping" from 2% to just the long term historical average of 5%, would push total 2022 debt to increase by a whopping $9 trillion over the 2% interest rate base case to over $40 trillion in total debt!

Sadly, this is no "magic" - this is the reality that awaits the US.

And for those more curious about that other critical economic indicator, debt/GDP, the three scenarios result in the following 2022 debt/GDP ratios:

    2% interest - 169%;
    3% interest - 183.5%; and
    5% interest - 217%, or just shy of where Japan is now."

http://www.zerohedge.com/news/2013-01-06/magic-compounding-impact-1-change-rates-total-2022-us-debt
-----------------------------------------------

The funny yet sad thing is that interest rates below 5% were unheard just a few years ago. 

Lana




It's a good article, but I really don't think we will see the debt ever reaching $30-40 trillion, here is why.

Today, with over $16 trillion of debt, our interest payments will be over $450 billion this year, or 18% of total tax revenue, and that is with a very low interest rate.

With $22 trillion of debt(in 3-4 years), and a average interest rate of say 4.5% (still very low), our interest payments are now $1 trillion per year, or 40% of total tax revenue. That is the "end game" at that point, and there is point of continuing with the current monetary system, it's very simple math that our policy makers will never talk about, I wonder why?:rolleyes:


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InvisibleGilgamesh18
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Registered: 03/01/12
Posts: 11,671
Re: Silver takes a beating [Re: qman]
    #17511444 - 01/07/13 10:43 AM (11 years, 23 days ago)

The Trillion Dollar Coin will save us! :wink:


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Offlineqman
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Re: Silver takes a beating [Re: Gilgamesh18]
    #17511531 - 01/07/13 11:07 AM (11 years, 22 days ago)

The propoganda never ends, "expert forecaster" says gold bull market is over.
http://www.businessweek.com/news/2013-01-07/lbma-s-best-gold-forecaster-hochreiter-says-bull-market-is-over


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Offlineqman
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Re: Silver takes a beating [Re: qman]
    #17514047 - 01/07/13 08:15 PM (11 years, 22 days ago)

Some TA on the bull market in silver, I like this prediction.

http://www.silverdoctors.com/next-bull-wave-cycle-to-take-silver-to-91-in-2013/#more-19735


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InvisibleGilgamesh18
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Registered: 03/01/12
Posts: 11,671
Re: Silver takes a beating [Re: qman]
    #17514485 - 01/07/13 09:40 PM (11 years, 22 days ago)

Quote:

qman said:
Some TA on the bull market in silver, I like this prediction.

http://www.silverdoctors.com/next-bull-wave-cycle-to-take-silver-to-91-in-2013/#more-19735



Oh god if that happens  :aweoverdose:


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InvisibleLana
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Re: Silver takes a beating [Re: qman]
    #17516143 - 01/08/13 07:53 AM (11 years, 22 days ago)

Quote:

qman said:
Quote:

Lana said:
Quote:

Shins said:
Buy the dips....

with financial conditions as they are i see the dips as being like pushing a basketball underwater.

dont neglect an exit strategy either,  fortunes have been made and lost when these things reverse.

keep an eye on interest rates




Yup, buy the dips and keep an eye on interest rates.  I just read an piece this morning that touches on interest rates.  In short, if interest rates rate rise, you'll see:

"The bottom line: going from just 2% to 3% interest, will result in total 2022 debt rising from $31.4 trillion to $34.1 trillion; while "jumping" from 2% to just the long term historical average of 5%, would push total 2022 debt to increase by a whopping $9 trillion over the 2% interest rate base case to over $40 trillion in total debt!

Sadly, this is no "magic" - this is the reality that awaits the US.

And for those more curious about that other critical economic indicator, debt/GDP, the three scenarios result in the following 2022 debt/GDP ratios:

    2% interest - 169%;
    3% interest - 183.5%; and
    5% interest - 217%, or just shy of where Japan is now."

http://www.zerohedge.com/news/2013-01-06/magic-compounding-impact-1-change-rates-total-2022-us-debt
-----------------------------------------------

The funny yet sad thing is that interest rates below 5% were unheard just a few years ago. 

Lana




It's a good article, but I really don't think we will see the debt ever reaching $30-40 trillion, here is why.

Today, with over $16 trillion of debt, our interest payments will be over $450 billion this year, or 18% of total tax revenue, and that is with a very low interest rate.

With $22 trillion of debt(in 3-4 years), and a average interest rate of say 4.5% (still very low), our interest payments are now $1 trillion per year, or 40% of total tax revenue. That is the "end game" at that point, and there is point of continuing with the current monetary system, it's very simple math that our policy makers will never talk about, I wonder why?:rolleyes:




That is simple math.  Your example is based off of an interest rate of only 4.5%    If for some reason it were to go higher, both the interest payments on the debt and the amount withdrawn from tax revenues would be much, much worse.

Much worse. 

Gman, I hope more people see your posts.

As for the one trillion dollar coin.. :smile:  If platinum were more mainstream I would say it was a buy.  But most people don't know the difference between silver and nickel let alone platinum.  As Pepe' Le Peu would say, "Le Sigh." 

Lana


--------------------
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http://www.MycoSupply.com

The Premiere Source for Mushroom Growing Supplies.
Visit us online or call us toll free


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InvisibleGilgamesh18
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Re: Silver takes a beating [Re: Lana]
    #17516226 - 01/08/13 08:32 AM (11 years, 22 days ago)

There was a funny youtube video of a guy trying to sell a 1oz gold coin for twenty bucks. :eek: The stupid sheeple of course refused to buy it thinking it was a ripoff.:rofl:


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OfflineHeffy
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Re: Silver takes a beating [Re: Gilgamesh18]
    #17517946 - 01/08/13 03:41 PM (11 years, 21 days ago)

This is a great thread.
I really appreciate the input from everybody.
Buying 30 silver maple leafs this week for sure.


--------------------
I am the king of Rome, and above grammar! - Emperor Sigismund


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InvisibleGilgamesh18
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Re: Silver takes a beating [Re: Heffy]
    #17518251 - 01/08/13 04:45 PM (11 years, 21 days ago)

Quote:

Heffy said:
This is a great thread.
I really appreciate the input from everybody.
Buying 30 silver maple leafs this week for sure.



Maple Leafs are fantastic beautiful coins


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InvisibleStonehenge
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Re: Silver takes a beating [Re: Gilgamesh18]
    #17518610 - 01/08/13 05:50 PM (11 years, 21 days ago)

They are manipulating the price of both gold and silver. Eventually they will no longer be able to do that and prices will explode. When will this happen? When people realize inflation is their number 1 enemy and they have to put cash into something solid. In brazil people would rush out and spend their paychecks soon as the got them because prices would go up each and every day.

The endgame is coming, they are trading on the good name of usa but even that comes to an end. They prop up europe for a little longer and put a bandaid over our gaping financial mess and the market goes wild. Its starting to go the other way but i dont see major problems with the economy coming to a head for a couple years more. It will be hard for the pres to blame w but watch him try. Its really because of the last 20 years of kick the can policies.

I'm holding my r/e and gold. I'll only sell a house if i'm going to grab a profit and reinvest. Cash is not king any longer and will some day become the jester.


--------------------
“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)

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Offlineqman
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Re: Silver takes a beating [Re: Stonehenge]
    #17520003 - 01/08/13 10:44 PM (11 years, 21 days ago)

Looks like silver is becoming more popular, this is just drops of money entering the market, just wait until the faucet gets turned on, it will get much more interesting!!

http://www.silverdoctors.com/us-mint-sells-nearly-4-million-silver-eagles-first-day-of-2013-production/


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InvisibleLana
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Re: Silver takes a beating [Re: qman]
    #17521198 - 01/09/13 08:35 AM (11 years, 21 days ago)

I was at a coin shop, a rather large, franchised shop the other day and was a little surprised to hear that they payout $1.00 more for silver/gold US coins than "foreign" coins.  In my mind I'm thinking that Canadian Maple Leafs, Krugerrands, etc. are all known worldwide.  I believe it's a cheap ploy for the company to pay out less than they should. 

I'm bringing this up because now is a buyers market (then again, based on gman's post, that may change.)  In other words, if you want to buy silver now it's not hard to do.  If/when the time comes when you need to sell, ask yourself who your clients will be.    If they're coin dealers, great.  If they're the average guy on the street who knows nothing about precious metals, it may be better to pay a slight premium now so that it's easier to move later. 

Then again, Sunshine Silver Bars are pretty nice :smile:

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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InvisibleGilgamesh18
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Re: Silver takes a beating [Re: Lana]
    #17521381 - 01/09/13 09:30 AM (11 years, 21 days ago)

Just made my first gold purchase! :awecluster: Kruggerand is a beautiful coin!


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