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InvisibleAsante
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Silver has passed the $15/oz mark - has it begun?
    #7603628 - 11/06/07 05:04 PM (16 years, 2 months ago)





The few of you who are interested in precious metals might be interested to know that silver has breached the $15 level, after running through the 14s quite rapidly. Gold is at a breathtaking $825 and the dollar at an all time low against the Euro of 0.685

If anyone wants to hop on the silver train, now's as good a time as any. Be warned that the ride is usually estimated at 8-10 years from now, but the rewards there might be, could be quite impressive.

Many silver bugs consider buying silver something akin to buying a lottery ticket: we don't know when, but the odds are good you'll win and might even hit the jackpot.

You can get into silver from $15 and up (buying a silver maple or silver eagle close to spot at a local coinshop, email vendor or via ebay) and whatever will happen to the silver price, will happen to whatever amount you have riding on it.

I have my finger on the pulse of silver discussion, and the concensus among the optimists is that silver today fetches $15 but has a true value in today's dollars of about $35 for an ounce. If they are right odds are in favor for a doubling. Silver is a small pond to fish in, if a big player decides to grab say "a billion dollars in silver" the price may soar, wildly.

Silver aside from jewelry is an important industrial raw material, and one of dwindling supply. "Peak Silver" has already occurred and we'll need more and more of the stuff.
As you hear, I believe the cloud may have a silver lining.

Getting into gold is quite intimidating. Silver on the other hand is fairly cheap to get into and very easy to get and sell.

Anyone fancy getting in on the Silver lottery? You won't get a ticket, you'll get real money for your dollar.

If only I had bought less weed and spent that money on silver back in the days when I was a stoner. The weed is up in smoke, the silver would already have tripled in value.




Beware: there's no investment without risk, if you do this, get the facts first, strike a good deal and take full responsibility for your actions.


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InvisibleSilversoul
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7603645 - 11/06/07 05:08 PM (16 years, 2 months ago)

Fuck, I wish I had enough money to invest.


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Offlineshroom_ninja
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Silversoul]
    #7603708 - 11/06/07 05:21 PM (16 years, 2 months ago)

silver doesn't get you high.  :stoned:


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InvisibleSilversoul
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Re: Silver has passed the $15/oz mark - has it begun? [Re: shroom_ninja]
    #7603713 - 11/06/07 05:22 PM (16 years, 2 months ago)

Quote:

shroom_ninja said:
silver doesn't get you high.  :stoned:



If you get rich off of silver, you can get all the drugs you want.


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OfflineJunkFood
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Silversoul]
    #7603727 - 11/06/07 05:25 PM (16 years, 2 months ago)

You have a silver soul! All you have to do is sell your soul; you don't need any more silver!


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InvisibleAsante
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Re: Silver has passed the $15/oz mark - has it begun? [Re: shroom_ninja]
    #7603731 - 11/06/07 05:26 PM (16 years, 2 months ago)

Quote:

silver doesn't get you high.




When I this morning saw the Silver Fix chart I got a headrush :grin:


Silversoul, if you had some, would you invest some in silver?


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InvisibleSilversoul
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7603738 - 11/06/07 05:27 PM (16 years, 2 months ago)

Quote:

Wiccan_Seeker said:
Silversoul, if you had some, would you invest some in silver?



Most definitely.


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OfflineLuNaTiX
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7603899 - 11/06/07 06:00 PM (16 years, 2 months ago)

I'm going to invest for sure, just need to wait until I get a bit more income. But Thanks WS for the update, your posts are always enlightening.


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InvisibleAsante
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Silversoul]
    #7603900 - 11/06/07 06:00 PM (16 years, 2 months ago)

Other commodities have already done the same thing. Lets look at some base metals and what they did in the past few years:

Zinc - up 400%
Copper - up 500%
Lead - up 700%
Nickel - up 700%
Uranium - up 1.000%

Rhodium - up 4.000%

Gold and especially silver seem to be very slow to catch on, but they might very well have quite some fireworks in store as well.

Oil too has become ridiculously expensive also, almost $100 a barrel. Grain and rice, vegetable oil, dairy products.. EVERYTHING is going up, and all this while paper (dollars, euros) is going down.

Money is the promise that you'll get what you want. Promises are becoming cheap. Commodities are the products you'll buy with money, they are the actual making good on promises. These are becoming expensive.

In these times it's obvious that it's better to have something than to have money. Silver and gold are just commodities that seem slow to catch on on a trend that is worldwide and well underway.


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Invisiblebuckwheat
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7603909 - 11/06/07 06:04 PM (16 years, 2 months ago)

Quote:

Wiccan_Seeker said:
ars:

Zinc - up 400%
Copper - up 500%
Lead - up 700%
Nickel - up 700%
Uranium - up 1.000%

Rhodium - up 4.000%






Arent these up because China is doing tons of building.


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Invisibledemiu5
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7603918 - 11/06/07 06:08 PM (16 years, 2 months ago)

My mom talked me out of investing about $4,000 in gold and silver back in 2005 when gold was ~$450/oz and silver ~$6 or $7/oz

soooooo wish I had done that then and doubled my money in two and a half years


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Invisibleadrug

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Re: Silver has passed the $15/oz mark - has it begun? [Re: demiu5]
    #7603927 - 11/06/07 06:10 PM (16 years, 2 months ago)

You should calculate what she cost you and send her a bill.


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Invisiblebadchad
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7603931 - 11/06/07 06:11 PM (16 years, 2 months ago)

Quick question to the precious metal traders out there: Do you guys physically handle your metals?

I've toyed with the idea of commodities, but I'd be slightly nervous handling 10k or so of gold. Even if kept in a deposit box, I'd have to exchange it at some point.


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...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

Osmond, H.  Annals, NY Acad Science (1957) 66:418-434; p.436


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InvisibleAsante
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Re: Silver has passed the $15/oz mark - has it begun? [Re: buckwheat]
    #7603940 - 11/06/07 06:13 PM (16 years, 2 months ago)

Quote:

Arent these up because China is doing tons of building.





Do you think that will in any way diminish? China and India are rising, and in doing so they are making ever increasing demands on raw materials. In these countries it has been common practice for centuries to store wealth not in rupees or yuans (and their inflation) but in silver and gold.

A BILLION chinese and indian women will demand their jewelry, and as their wealth increases so will their opportunity to buy. Their husbands aside from a gift of love consider buying jewelry an investment for hard times. Part of the huge leap in gold we're seeing in the past month is the approach of India's Diwali festival, where it is custom to give gold to your loved ones.

China and India definitely have a big say in why raw materials are going up. But as they grow, their wealth grows and with it their demand for more materials. Save for a catastrophy of epic proportions that will in no way diminish.


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InvisibleAsante
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Re: Silver has passed the $15/oz mark - has it begun? [Re: badchad]
    #7604023 - 11/06/07 06:29 PM (16 years, 2 months ago)

Quote:

My mom talked me out of investing about $4,000 in gold and silver back in 2005 when gold was ~$450/oz and silver ~$6 or $7/oz

soooooo wish I had done that then and doubled my money in two and a half years




Dammit mom, you gave me life but cost me a car :wink:


Quote:

Quick question to the precious metal traders out there: Do you guys physically handle your metals?





That's an important question. If you get on the bandwagon of silver and gold you are getting off the bandwagon of paper promises. You exchange promises (money) for delivery (metals).

This means that you MUST own your metals physically. Not in your home ofcourse, but preferably in a safe deposit box at the bank. If the bank goes bust, you still have legal rights to your metals whereas all the money you have in an account there is GONE.

If you get into electronic silver/gold and silver/gold accounts, you are still buying promises. What if the metal isn't present in the bank and exists only on paper? If silver goes weeeeee, you will have your bank saying "sorry bout that, we don't have it".

Some banks buy and sell PMs (Precious Metals) so if you get a safe deposit box there you can buy and sell and never leave the building. You can insure your PMs and their transport. You can have a friend carrying a gun with you when you move it :wink:

10K in gold are 12 bullion coins. It fits comfortably in your closed hand. 10K in silver however is quite a beast: that's almost 700 ounces, or 45 pounds.

Yes, take physical ownership of it but don't keep it in your house.


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InvisibleYidakiMan
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7604069 - 11/06/07 06:42 PM (16 years, 2 months ago)

Quote:

Wiccan_Seeker said:
<img src=http://www.shroomery.org/forums/files/07-45/439220093-silver-transparent.png>


the concensus among the optimists is that silver today fetches $15 but has a true value in today's dollars of about $35 for an ounce.




Read: When I convince enough people to buy silver, I can sell my silver off at a higher price.

Sorry, but I wouldn't trust people who try to swing markets with gossip.


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InvisibleCheezit
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Re: Silver has passed the $15/oz mark - has it begun? [Re: YidakiMan]
    #7604101 - 11/06/07 06:54 PM (16 years, 2 months ago)

:lilpimp:


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OfflinePinballWizard
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7604138 - 11/06/07 07:03 PM (16 years, 2 months ago)

Has what begun?


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InvisibleAsante
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Re: Silver has passed the $15/oz mark - has it begun? [Re: YidakiMan]
    #7604215 - 11/06/07 07:26 PM (16 years, 2 months ago)

Quote:

Read: When I convince enough people to buy silver, I can sell my silver off at a higher price.

Sorry, but I wouldn't trust people who try to swing markets with gossip.





My, my, aren't we cynical.

Am I not encouraging people to not take chances based on my posts, but rather to take matters in their own hand and research to find their own facts?

Read back some of my posts on gold, silver and the dollar. I've looked into the matter and put my money where my mouth is. When gold was at $600 and silver at $11 I gave people a warning. Since then, gold is up to $825 and silver to $15.

In that single year goldbugs made 37.5% profit and silverbugs made 36% profit, while a good stocks portfolio with all its commissions and technicalities netted you 10% and a savings account 3%
I'm sure a few Shroomerites went d'oh! over that one.

If it was up to me the great boom of gold and silver would only come after 2015 or even after 2020, because given the current situation with the dollar and the euro I'd rather hold onto precious metals in the next years than money. If money is going to collapse as I think it will, I rather preserve wealth during the crisis and make a humble sum profits afterwards, than make a big profit next year and have all that money wiped out by a hyperinflation in one faithful month somewhere between 2010-2015.

The latter half of the twentiest century was a paradise. Everything was available, and it was cheap. What we are now seeing is that we need more than ever, things are becoming scarce and expensive.

In the 2020s we will probably master the art of burning Deuterium for our energy needs and by 2030 a new era of prosperity will perhaps blossom, but 2010-2020 will probably get ugly. In all dire times, especially when you catch on to it in time, there are opportunities for growth. In my humble opinion, precious metals are one such opportunity.

Stocks & bonds are very complex. All the experts disagree. You have to pay commissions and there are unforeseen factors. With precious metals it's all simpler. You buy, you hold, you sell, entirely independent of the economy, the currency and random developments. You need expert knowledge and intimate banking connections for the stock market. It often is quite untransparent what happens and how. That's not for everyone. Precious metals are fully transparent and unlike stocks they have a damn good track record all the way since the global situation changed in the late 1990s.

I'm not spreading rumors for my own gain, I'm informing my fellow Shroomerites of what I consider to be good opportunities for the times to come. For my own gain I ought to hush any silver/gold discussion to sleep, so that I can stock up some more at low prices.


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InvisibleAsante
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Re: Silver has passed the $15/oz mark - has it begun? [Re: PinballWizard]
    #7604228 - 11/06/07 07:28 PM (16 years, 2 months ago)

Quote:

Has what begun?




The possible grand ascent of silver, the ride you want to be on.
My guess is this is just a burp, like a small earthquake before the big eruption.


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OfflinePinballWizard
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7604243 - 11/06/07 07:33 PM (16 years, 2 months ago)

Ok, good. I assumed you thought it was some warning that the economy is terrible, and that American money won't be worth anything, and that the world will explode, etc...


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InvisibleAsante
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Re: Silver has passed the $15/oz mark - has it begun? [Re: PinballWizard]
    #7604387 - 11/06/07 08:09 PM (16 years, 2 months ago)

I stand corrected. In the last few hours gold went up to $833.60 and silver almost busted 16 at $15.92, that's another 1% on gold and 6% on silver in a few hours. Has metal gone mental?


Quote:

Ok, good. I assumed you thought it was some warning that the economy is terrible, and that American money won't be worth anything, and that the world will explode, etc...





You get all that AND profit :lol:


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OfflineLuNaTiX
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7604622 - 11/06/07 08:49 PM (16 years, 2 months ago)

Amazing, I want to be on board when if thats what ill happen.

Where is the best place to buy silver?
Do all banks have safe deposit boxs for your silver?


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Invisiblezorbman
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Re: Silver has passed the $15/oz mark - has it begun? [Re: LuNaTiX]
    #7604712 - 11/06/07 09:07 PM (16 years, 2 months ago)

Heh. I finally convinced my brother to buy silver mining stock a couple years ago. He made a teeny, tiny investment. I advised him him to increase his investment three months ago before the current upswing. He didn't listen.

I have just about given up on on convincing people, WS. When it goes through the roof everyone will know and by then it will be too late.

Such is life.

Market psychology. The smart money is getting on board now or is already on board. Later, ticket holders can charge whatever they like when the masses panic and desperately want on board that train.

There are only so many seat holders.

The train will be leaving the station soon..


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InvisibleCowgold
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7604742 - 11/06/07 09:12 PM (16 years, 2 months ago)

Invest in Sandridge Energy. The symbol is SD. They had their IPO today.


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InvisibleAsante
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Re: Silver has passed the $15/oz mark - has it begun? [Re: LuNaTiX]
    #7604795 - 11/06/07 09:21 PM (16 years, 2 months ago)

Quote:

Where is the best place to buy silver?





Ideally at a local coinshop, offline. Local coinshops sometimes are in the habit of overcharging you though, make sure you are as close to spot price as you can.

To quote a PM I wrote (personal stuff omitted):


Quote:

If you as an American want a good online connection for silver or gold, I hear very good things about your domestic supplier http://apmex.com/ who are said to often sell VERY close to spot.
.
Please don't take my word on silver but websearch it yourself.
There is RISK, so take your responsibility.
.
If you think of spending about $1.000 on silver, then this might be for you:
.
http://www.apmex.com/Product/27/100_Face_Value_Bag_of_90_Silver_Coins.aspx
.
Basically its a bag of old circulated US silver coins (90% pure)
Its nothing fancy to look at but it has the distinct advantage of being very cheap per troy ounce (almost spot price) and it comes as a lot of individual coins, which could be ideal in barter-type situations if the US Dollar tanks. Its called "junk silver" in the trade but it's no junk, there's 2.2 kilos of pure silver in there.
.
If you want shiny stuff, get Canadian Silver Maples. If you want bars, get 6 or so bars of 10oz, so that you can always sell a few and keep the rest.
.
Remember: this is at your OWN RISK.
.
Good luck man, may wisdom guide you.





If you're not an American, find a domestic supplier. Every reasonably free nation has a lively accessible precious metals trade. Being close to spot is key at all times. In some nations you can buy from the Mint or from certain banks. This assures you get the real thing.

I wouldn't use ebay to buy, it's hard to get a good deal there and easy to get screwed. I have read the tales of woe of people who bought coins and bars on ebay and who discovered they consisted of lead painted with gold/silver paint. Ouch, that hurts so bad, especially with gold coins at up to $850 a pop.

Things you want:

Canadian Gold Maple - 1/4oz, 1/2oz, 1oz (9999 gold, hard to forge)
South African Krugerrand - 1/4oz, 1/2oz, 1oz (cheapest gold coin, durable alloy)
9999 gold bar - 10oz, 1kg, 400oz (cheap, pure, melter-assayer brands only)

US 90% coinage "Junk Silver" (cheapest, lots of coins = barter advantage, available in the US only)
Canadian Silver Maple (9999 silver, hard to forge, 20 to a tube)
999 silver bar 10oz, 1kg, 100oz, 1.000oz (cheap, pure, melter-assayer brands only)

Things you don't want:

"rare" "historic" "limited mintage" coins (scr*w those you want metal not a story)
Silver Rounds (nobody official guarantees that they are pure, may be hard to sell)
Grenaille (granulated gold/silver, cheap but no guarantees)
Chinese Gold/Silver Pandas (high premium, beautiful but often fake)


Quote:

Do all banks have safe deposit boxs for your silver?




Many banks offer safe deposit box service, get one of decent size if you're a silver bug who's not on a budget.


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Invisiblezorbman
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7604827 - 11/06/07 09:29 PM (16 years, 2 months ago)

First of all, I found my local coin dealer charged a substantial premium over internet dealers. I do live in a small town so your experience may differ.

Apmex is very good, very reliable, and has been my coin supplier of choice up until now.

Junk silver can be very good for a discount.

I think it is important to buy a variety of coins to cover oneself for a variety of conditions. For example, I forsee a day when these coins will be used as money. Therefore, if you live in an english-speaking nation you will want coins with clearly printed (in English) silver content by percentage and total weight in english. This eliminates any misunderstandings.


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InvisibleAsante
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Re: Silver has passed the $15/oz mark - has it begun? [Re: zorbman]
    #7604901 - 11/06/07 09:45 PM (16 years, 2 months ago)

Quote:

I have just about given up on on convincing people, WS. When it goes through the roof everyone will know and by then it will be too late.





In a few hours the thread got 233 views, so there is some curiosity there. Since last years Buying Gold thread we can also show 37.5% profit in response to :tinfoil: posts. Thats what a savings account yields in a decade.

I'm consistently letting out a thread or two on Precious Metals to those who want to listen. Even if one doesn't invest themselves, people start realistically thinking about their financial future and on a site where many blow 100s of dollars a month on pot and drugs that's a refreshing thought in itself. I let $25.000 go up in smoke myself in the 1990s, if I had been savvy on metals back then instead of stoned memories I could've bought a house off that right now, and by buy I mean zero mortgage from day one.

We got a lot of really intelligent people on board, you're right that for the man in the street it'll all be too late, but Shroomerites deserve to be notified of potential gains, community spirit 'n' stuff :heart:


Quote:

The train will be leaving the station soon..




I don't think the ride of rides will depart soon, I think we got a couple of years and there might even be a humongous buy opportunity ($500 gold, $8 silver) before it really takes off.

If I close my eyes and drift off into lala land I can see $1.500 gold and $60 silver (todays dollars) happening in the next decade, not as a sudden spike but as a gradual increase. Spikes can be much higher. What figures are drifting through your head? (todays dollars, before 2017?)


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Invisibleslime_R
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7604957 - 11/06/07 09:57 PM (16 years, 2 months ago)

I work at a metal trading company here in the midwest. We mainly trade less precious non-ferrous metals such as copper, zinc, and magnesium, as well as ferrous stuff like steel and iron. Tons of stuff starting to go out to China and India.

I'll ask the traders and advisors tomorrow what they think about silver and will let you guys know what they say.


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InvisibleAsante
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Re: Silver has passed the $15/oz mark - has it begun? [Re: slime_R]
    #7605019 - 11/06/07 10:13 PM (16 years, 2 months ago)

Quote:

I'll ask the traders and advisors tomorrow what they think about silver and will let you guys know what they say.





Great, I'd love that!

Know that their opinion is no good whatsoever unless they specifically looked into silver though. Just because you know apples, doesn't make you an expert in oranges :smile:

I'm especially interested in their reasoning for whatever their opinion is.


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InvisibleDieCommie


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Re: Silver has passed the $15/oz mark - has it begun? [Re: adrug]
    #7605037 - 11/06/07 10:18 PM (16 years, 2 months ago)

Wait, silver is at a high price so its the time to buy?

Maybe Im way off, but I think buy low and sell high makes sense.  I think Im gonna sell any silver I have.  :tongue:


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Re: Silver has passed the $15/oz mark - has it begun? [Re: DieCommie]
    #7605098 - 11/06/07 10:30 PM (16 years, 2 months ago)

SHHHHH! you're spoiling everything.


"Really it's a good investment? Where do I find this silver?"

"It is the best investment around. Lucky for you, I happen to have too much. I can sell you some if you need."


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Re: Silver has passed the $15/oz mark - has it begun? [Re: badchad]
    #7605204 - 11/06/07 11:00 PM (16 years, 2 months ago)

Quote:

badchad said:
Quick question to the precious metal traders out there: Do you guys physically handle your metals?



Briefly yes - though I am not a precious metals trader, rather an investor. Therefore I don't often handle the gold at all. I have a share of numismatic gold coins (coins which are valued for their rarity, condition and beauty beyond the value of their gold content), kept in a safe deposit box in the city. It has been no trouble, as I only held them in my own possession for a matter of hours between receiving shipment and driving them to the bank in a plain unmarked shoebox. In fact, these gold coins could have easily been held on my person with no need for a separate transport vehicle. Sure there's always the chance you'll get jumped for just the cash in your wallet, but in a good area it would seem a bit paranoid to worry about carrying around concealed gold (or anything for that matter).

To note, had I the choice I would have bought gold bullion, but the numismatic coins that have been granted to me were purchased by my grandmother who wished to have something of even greater rarity than regular ol' 24 carat. If the shit really did hit the fan, the numismatic (collector's) value of the gold I hold would fall much faster than the underlying value of the gold itself. During the interim, while the world economy remains relatively stable, these coins that hold additional collectors value have actually proven to offer a considerable positive upside over their standard gold counterpart.

The gold is kept not to trade, but to preserve value. I also have an equal value of my own assets at work in the stock market, which requires me to take a more active approach to my money management. If you are diligent about investing, stocks can be as good as gold in terms of wealth preservation, so long as the world economy hangs on - which at this point in time, it should.

Since the start of '07, gold is up 28.6%, the S&P 500 index up 7.3%, and my personal portfolio of stocks (diversified between 5 - 8 companies at any given time) is up 30%.

It should also be noted that one of the largest contributing factors to the sudden rise in gold over the last few months has been the rapid decrease in the value of the US dollar. Gold is a hedge against a weakening dollar, and indeed as most commodities are priced in dollars, they will fundametnally react inversely to the movement of the dollar, at least in part. With the dollar at historic lows and gold quite high, it is perhaps not the best time to start a new position in gold... however, there is no telling where things may go and with our incredible national debt and geo-political risks around the globe, there may indeed be quite a stretch left for this precious metal. With a longer-term view, I suppose now is a good a time as any to start a new position.

As with any investment, it would be wise to scale into and out of your position over time. Do not buy all at once, no one is that good!

And to toot my own horn a bit as I'm pretty stoked,
but also to show ya'll that stocks can be just as exciting as gold,
here's what happened with my portfolio today:



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Edited by geokills (11/06/07 11:37 PM)


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7605262 - 11/06/07 11:22 PM (16 years, 2 months ago)

Quote:

I don't think the ride of rides will depart soon




I guess it depends on what one means by "soon". I was all aboard the last train in the 80's so our relative time references are probably a bit different.

Anyway, I think it's commendable that you are recommending silver (as I have for the last few years) even though most will not heed the advice.

Also, I think you are underestimating where silver and gold will be in a decade. However, it is best to err on the side of caution when recommending these types of investments.

I have gold at $2,000/oz. and silver at $100/oz within five years.

Adjusted for inflation, this would equal values of both at their eighties peaks. When they hit those marks, look for both to absolutely skyrocket. In markets there are certain mental barriers..and when they are broken anything becomes possible- a herd mentality kicks in. You want to be the one at the turnstile charging admission when that herd comes in!

Historically, there are three legs to a precious metals bull market( we are at the start of the second now) and that event would mark the third, and most explosive leg. That is also the most tricky one by far to manage when you are holding. It takes nerves of steel to not cash out early at those altitudes. :grin:


--------------------
“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”  -- Rudiger Dornbusch


Edited by zorbman (11/06/07 11:46 PM)


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7605780 - 11/07/07 07:10 AM (16 years, 2 months ago)

I will need to get ahold of .999 fine silver wire or ingots for colloidal purposes. Know any good UK wholesalers?


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Visionary Tools]
    #7605822 - 11/07/07 07:34 AM (16 years, 2 months ago)

i hate that you make all these gold/silver posts wiccan - i always want to get into it but i have nooooooo money :smile:


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Re: Silver has passed the $15/oz mark - has it begun? [Re: memes]
    #7605826 - 11/07/07 07:37 AM (16 years, 2 months ago)

Do you smoke weed? $100 will get you 5 or 6 silver coins.

$100 isn't that much...half an ounce of weed.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: zorbman]
    #7605828 - 11/07/07 07:39 AM (16 years, 2 months ago)

"Crude oil topped $98 a barrel and gold futures rose as high as $848 an ounce Wednesday"
http://www.marketwatch.com/news/story/crude-oil-gold-surge-amid/story.aspx?guid=B39EC4CA-E06E-46CD-8FF7-C4E679E10317&dist=SecMostRead

Oil is near $100/barrel...$1.54 left to go.

Gold has gone up over $20 just today! :eek:

Edit: $1.38 now....


--------------------
Once, men turned their thinking over to machines in the hope that this would set them free.
But that only permitted other men with machines to enslave them.


Edited by trendal (11/07/07 08:31 AM)


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7605918 - 11/07/07 08:27 AM (16 years, 2 months ago)

I didn't mean to imply you are swinging markets with gossip, its your advisors that are.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: trendal]
    #7605927 - 11/07/07 08:33 AM (16 years, 2 months ago)

Oil always goes up this time of year as I can tell. In the spring/summer it goes to 70 a barrel. It's one of those short term commodities I guess


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Re: Silver has passed the $15/oz mark - has it begun? [Re: DieCommie]
    #7605941 - 11/07/07 08:37 AM (16 years, 2 months ago)

Quote:

DieCommie said:
Wait, silver is at a high price so its the time to buy?

Maybe Im way off, but I think buy low and sell high makes sense.  I think Im gonna sell any silver I have.  :tongue:




The ship has already sailed, the big movers are just trying to sell expensive helicopter rides in order to catch up with the ship.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: zorbman]
    #7605967 - 11/07/07 08:46 AM (16 years, 2 months ago)

Quote:

zorbman said:

I have gold at $2,000/oz. and silver at $100/oz within five years.

Adjusted for inflation...





Wait a minute, I thought the general consensus in this thread was that $ and currencies would be worthless?


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Cheezit]
    #7605995 - 11/07/07 08:55 AM (16 years, 2 months ago)

Quote:

Cheezit said:
Oil always goes up this time of year as I can tell.  In the spring/summer it goes to 70 a barrel.  It's one of those short term commodities I guess




:lol:

Oil was at about $55 in this spring...after coming up a bit from a low near $50. It does dip somewhat in the spring months (after the winter heating season, before the summer driving season) but for the past 5 years it has risen each time (meaning it doesn't dip as much). If this were a normal year...we should be dropping in price. We aren't.


(the red line is gas prices where I live)

5 years ago oil was only at $22/barrel. 5 years from now I expect oil to be much higher.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: zorbman]
    #7606000 - 11/07/07 08:57 AM (16 years, 2 months ago)

Quote:

driving them to the bank in a plain unmarked shoebox.




You drive a shoebox? :confused:

Wow Geo, 30% on stocks is epic, especially with the year we've had so far. I've heard a stocks expert dispense the warning that "if any investment promises a steady annual 10% longterm, it's probably too good to be true." 30%, wow!

Quote:

so long as the world economy hangs on - which at this point in time, it should.




How are the odds in your opinion of a hyperinflation on the US dollar? What do you consider the true inflation on the dollar to be?


Quote:

I was all aboard the last train in the 80's





Whoa, the 90s must've been bland then! I hope you didn't get caught up in the early 80s drama.


Quote:

I have gold at $2,000/oz. and silver at $100/oz within five years.




$100 silver :eek: Man I hope you're right, that would be wild beyond comprehension.

Quote:

You want to be the one at the turnstile charging admission when that herd comes in!




Want this shiny Maple? That's 100 bucks good sir :yesnod: A sixfold increase in silver would do me good, especially if it coincides with catching gold with its pants down.


Quote:

It takes nerves of steel to not cash out early at those altitudes.




I'm feeling the itch with gold already.


Quote:

I will need to get ahold of .999 fine silver wire or ingots for colloidal purposes. Know any good UK wholesalers?




You shouldn't use 999 silver for colloidal silver, you should use 9999 silver for that. I've given it some though and I think the best way to go at that is buying a canadian silver maple at around $15 (it's 9999) cutting it in half, making holes at their tops and using these half coins as electrodes. That would be cheap and quite durable, as opposed to thin wires.

Sorry dunno a good UK supplier. We Yerpians have VAT to worry about though, we have to pay +20% tax over spot at all times which SUCKS BOLLOCKS. If spot is 15, we get to pay 18.

Quote:

i always want to get into it but i have nooooooo money




Sorry man, I've been there myself :frown: If you smoke quite some weed, like Trendal says, there may lie a culprit. If you can shave 85 cents a day off your lifestyle (a piggybank comes to mind), that's still a roll of 20 maples in a year. If that roll fetches you $2.000 in five years like Zorbman believes it will, hey thats 85 cents well spent.

Quote:

Do you smoke weed? $100 will get you 5 or 6 silver coins.

$100 isn't that much...half an ounce of weed.




Yupperz, if you smoke 1/2 ounce in the time you usually smoke 1 ounce.. you're in the game. If zorbman is right every nickel you save in silver will become a quarter in five years.


Quote:

$100 oil





Yup it's carnage :frown:


Quote:

I didn't mean to imply you are swinging markets with gossip, its your advisors that are.





I spent many hours researching this. I know a couple of advisers are but they are just one piece in the puzzle. Look into how much silver has been irretrievably lost. (consumed) Look at how much silver we got, how much we are digging up and how much we need. Look at the fondness for silver and gold in China and India, and how they are rising. Numerous things. Look at the Cheuvreux Gold Report, how bold it seemed at the time and how it's now all coming true as gold is headed straight for the $900 they predicted, like clockwork. You are right that there are forces at work, but everything points in the right direction.

I'm going to wait for a doubling of my starting position, then I'll sell half to get my original sum back, I'll ride that free gold and silver as far as they'll will go and if there is a sudden drop in prices I'll use the profit to fortify my position.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: trendal]
    #7606048 - 11/07/07 09:24 AM (16 years, 2 months ago)

Wiccan, Thank you so much for making another thread like this. I just recently invested in some World series tickets (we all know how that turned out :rolleyes:), and lucked into a smooth $4000 profit from my holdings. I was looking for a way to keep my money stable and safe (safe meaning out of the way so I don't spend it :lol:).

Cheers!


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Re: Silver has passed the $15/oz mark - has it begun? [Re: trendal]
    #7606064 - 11/07/07 09:29 AM (16 years, 2 months ago)

Yes it will go on the up in up.  More people, more stress and demand. Rise in the standard base price.  But I'm talking making money. Short term pay offs.  Buy in the spring,sell it now.



What if the USA went back to the gold standard.  Abraham Lincoln was trying to.  JFK was also trying to.  Now Ron Paul is also trying to.  If he becomes president.  The faceless fuckers will :sniper: his ass.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7606151 - 11/07/07 09:58 AM (16 years, 2 months ago)

My portfolio is up quite a bit (and traditionally returns over 10%).

My big winners (I buy in 100 share increments usually):

I bought Pepsi at $53.21 in 2005. It's now trading at 72.88 for gain of about 35% and 2K

Microsoft is up 24% since 2003. I have a bunch of other established stocks no one has heard of.

I've lost about 2k off of Dell over the last 7 years though.

Overall, I prefer the slow and steady growth of the market versus something that just got hot the last few years.


--------------------
...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

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Re: Silver has passed the $15/oz mark - has it begun? [Re: YidakiMan]
    #7606377 - 11/07/07 10:55 AM (16 years, 2 months ago)

Quote:

Wait a minute, I thought the general consensus in this thread was that $ and currencies would be worthless?




Eventually, yes. In the meantime, gold and silver will be reflecting that decline by rising in price.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: ApJunkie]
    #7606524 - 11/07/07 11:27 AM (16 years, 2 months ago)

Quote:

Wiccan, Thank you so much for making another thread like this.




Cheers, I'll be making one every once in a while, I have an agenda to inform and with almost 500 hits to this thread already it's clear that more than a few are interested to some degree.


Quote:

I lucked into a smooth $4000 profit from my holdings.





Can I interest you into some Florida swampland? :grin:


$4.000 hmmm.. what would I do with that?

Lets see.. I would buy two gold 1oz Krugerrands if gold sags off a bit , lets say if I could get em for $750 each. I'd blow the remaining $2.500 on silver, 5 or 6 bars of one kilo each.

I'd buy the silver one bar at a time at two weeks interval starting now, or all at once if silver sagged off into the 13s in that period.

I figure that this sudden gold explosion isn't going to last for long, and that we might see 750 again soon. I think we're a long way from seeing 700 again though. At this point in time I wouldn't find 750 gold too unreasonable, though I would be uncomfortable to buy at 750 because its high over the recent past and the 100 day average.

I don't recommend buying gold at 750. Jesus.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7606725 - 11/07/07 12:23 PM (16 years, 2 months ago)

holy crap my silver stash is up to 15.50 a pop!!!

woot.

i thought it would meet some heavy resistance at the 14.50 or so mark, but it blew past that and well on to 16.

thanks for the update wiccan. havent check spot prices this week.

on an even brighter note. we have collectively about 300 pounds of sterling silverware and antiques. so my mother is set if bad luck strikes.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: moon_glue]
    #7606732 - 11/07/07 12:25 PM (16 years, 2 months ago)

also, sorry to hear about the VAT, wiccan.

luckily in the states it's tax free because it considered currency exchange. apmex all the way!


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Re: Silver has passed the $15/oz mark - has it begun? [Re: badchad]
    #7606749 - 11/07/07 12:28 PM (16 years, 2 months ago)

Quote:

badchad said:
My portfolio is up quite a bit (and traditionally returns over 10%).

My big winners (I buy in 100 share increments usually):

I bought Pepsi at $53.21 in 2005. It's now trading at 72.88 for gain of about 35% and 2K

Microsoft is up 24% since 2003. I have a bunch of other established stocks no one has heard of.

I've lost about 2k off of Dell over the last 7 years though.

Overall, I prefer the slow and steady growth of the market versus something that just got hot the last few years.




And that's the way you do it. If you do your research, rarely will you pick a company that ends up losing value.

My grandpa bought me $5k in Abbot labs in 1985. It bought me a $30k education and I have $10k left to build my farm or get a mortgage.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: moon_glue]
    #7606803 - 11/07/07 12:42 PM (16 years, 2 months ago)

Quote:

holy crap my silver stash is up to 15.50 a pop!!!




:rockon:

Yeah theres action now Moon Glue!


Quote:

we have collectively about 300 pounds of sterling silverware





If that's .90 sterling and Zorbman is right, mom and you are looking at 400 grand in 5 years, and that's melt so for antiques it can be way more :smile: Buy 3 houses for it, put people in them, have them pay rent and your mom's retirement means living in a staffed villa on a Carribbean island drinking pina coladas and watching the waves roll into her private lagoon :smile2:
Lets pray Zorbman's in the zone :grin:


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7606920 - 11/07/07 01:06 PM (16 years, 2 months ago)

my mom got her real estate liscense in 04. she decided the market was saturated with too many agents then and moved into advertisment.

however she did use that liscense to buy herself 2 houses. it saved her hella money and at the same time she made commission. now she's making rent on top of it and watching the property value clime on all 3 of our houses.

she's a smart fucking women. considering when was little we could barely afford to get clothes.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7607163 - 11/07/07 02:26 PM (16 years, 2 months ago)

Quote:

Wiccan_Seeker said:

Wow Geo, 30% on stocks is epic, especially with the year we've had so far. I've heard a stocks expert dispense the warning that "if any investment promises a steady annual 10% longterm, it's probably too good to be true." 30%, wow!

How are the odds in your opinion of a hyperinflation on the US dollar? What do you consider the true inflation on the dollar to be?


The market is definitely a little hot at the moment. My portfolio in fact lost 2.1% of its value today alone. Still better than the S&P's nearly 3% loss on the day, though I wish I'd waited until today to add to my position in AT&T as it is down 3.45% and I bought into it yesterday 2% above where it closed this afternoon.

The reason I believe I have outperformed the market so well this year is that I have tried to focus a large portion of my portfolio on companies with a large amount of international exposure (which when their sales are converted back into US Dollars, presents a favorable upside earnings surprise over previous quarters thanks to the increasingly favorable exchange rate as the dollar falls), companies that offer a safe (or increasing) dividend payout which helps to keep investors in them even during market downturns, as well as companies that are not so much at the mercy of our current credit related problems (staying away from housing and banks), in addition to holding a strong position in an oil related company to benefit from its inverse relationship to the US Dollar as well as its positive supply versus demand scenario for the future.

In so far as hyperinflation is concerned. I'm only twenty-five years of age, not a seasoned economist, and feel that I lack the experience and aggregate knowledge to suggest a literal inflation figure. That said, I do believe that the public figures have been tamed somewhat, and that when looking at fairly rapid inflation in food and energy, there is of course the potential for the dollar to continue weakening quite severely. It's a tight spot right now when you have all of our credit problems, in addition to the Federal Reserve in a pattern of lowering interest rates. In fact, raising rates would be beneificial in terms of bolstering the value of our currency, but that would be incredibly dicey as it would further exascerbate the trouble in the housing market as well as the overall stock market. Therefore, it will be a volatile ride over the near-term as we work through our credit problems, all the while international investors continue to pare back on their investments in our currency (China just today announced that they intend to diversify their assets away from the dollar and into the Euro).

When it comes right down to it, I'm not making any huge bets either way. Doing what I can to stay defensive, keep my positions at or near the stake that I had initiated them (i.e. scaling out - selling - as they go up). I believe the long-term view of global growth is intact, even if the short-term view is a bit more pessimistic.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7607184 - 11/07/07 02:31 PM (16 years, 2 months ago)

well wiccan, after reading all your posts about gold silver, I finally have some money to throw around. Im gonna go to a coinshop buy some silver in a few.


:hippie:


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Re: Silver has passed the $15/oz mark - has it begun? [Re: sui]
    #7607313 - 11/07/07 03:01 PM (16 years, 2 months ago)

Quote:

Im gonna go to a coinshop buy some silver in a few.




Watch the spot price so you won't get taken for a ride!

Don't do numismatics and the like. If you are going to go for bullion coins (not bars) I recommend the Canadian Maple.

Right Now Silver spot price is $15.32, and a reasonable price would be $17.50 for a 1 oz Canadian Silver Maple, or a bit more for an American Silver eagle. If you can land it shy of $18/oz today then it's a good buy. If you're lucky you can get substantially below that, such as with a coinshop that bought weeks ago and didn't adjust to todays spot.

Try to bargain! Imply sizable future sales :grin:
Ask if they have bars and bring your calculator to see if you can get attractively below the coin price.

Let us know what you bought and for how much :smile:
If you want to stay cryptic just say what you paid for an ounce. I hope you can score what you come for, let me know OK?


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Re: Silver has passed the $15/oz mark - has it begun? [Re: geokills]
    #7607446 - 11/07/07 03:34 PM (16 years, 2 months ago)

A lil anecdotal # for fun's sake: A few weeks ago I had a nice tax return over some sillyness. I saw the number on the return form and like a caveman I grunted "KRUG!"

So off to the bank, the coinshop and back to the bank again to put that shiny 1 oz Krugerrand to rest with its buddies :grin:


With the mayhem of the past weeks my tax return has increased by $100 if I had sold it today :rockon: 


Quote:

I'm not making any huge bets either way. Doing what I can to stay defensive, keep my positions at or near the stake that I had initiated them (i.e. scaling out - selling - as they go up). I believe the long-term view of global growth is intact, even if the short-term view is a bit more pessimistic.




You play it by the book, and got 30% out of it :thumbup:
I don't have the knowledge needed for much of the stocks stuff, can you recommend some good books on strategy and the like?


Quote:

I'm only twenty-five years of age, not a seasoned economist, and feel that I lack the experience and aggregate knowledge to suggest a literal inflation figure.




A gut feeling would be good if you identify it as such. We're posting here, not supplying expert financial advice for a hefty commission :smile:

I'm hoping I'm wrong in the global economic decline I foresee in the near future. As for metals: if I can preserve wealth, neato. If I can increase them substantially, excellent. But I don't want to "make it big" (you can't with my nickels and dimes LOL) at the expense of the world economy and the decline of the currency systems.

Quote:

(China just today announced that they intend to diversify their assets away from the dollar and into the Euro)




Yup, I saw that on the news, and you have the Fed to thank for it. The withdrawal of Chinese wealth is yet another blow to the dollar. I hope the European Central Bank won't mess this up for us (us being the EU)


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7607730 - 11/07/07 04:41 PM (16 years, 2 months ago)

To clarify, it seems that the comments made about the Chinese looking to trade in their Dollars for Euros were made by an official that was not speaking on behalf of actual government policy.  Nevertheless, the media construed the speculation as fact, thereby contributing to some of the panic that the markets experienced today.

> can you recommend some good books on [stock investment] strategy and the like?

Experience is the absolute best teacher.  When you have your money on the line and you start to lose it - you want to know exactly what went wrong.  Staying up to date with news is extremely important with regard to stocks, as trends and mass-perceptions will carry a lot of weight in moving any given sector of stocks.  On that note, the direction any single  stock will take is weighted about half by the direction that the sector of the economy in which it operates is taking.  Therefore, even if you have a great company in a sector of the economy that is bad (such as  Goldman Sachs that lies within the financial sector), it's not going to do very well.  This is why it is so important to stay up to date on the economy and what people are thinking and saying, even if the facts themselves don't necessarily support what people are thinking and saying.  Stock market investing can be very emotional, and therefore there is no sense in fighting any ongoing trend or perception.

Now if you only read a single book, I would highly recommend Jim Cramer's Real Money: Sane Investing in an Insane World.  This seasoned investment professional and now famous media personality, I have to thank for the vast majority of my investment disciplines.  He is intelligent, has been extremely successful throughout his career as a hedge fund manager and now as a media personality, and really helps tell you the way the market works in plain english.  Now that's not to say he isn't also an entertainer, and because of this fact it may be easy for those watching him to get caught up in his excitement, which in turn can cause you to make a rash decision without thinking it through.  He still makes mistakes, as we all do!  So even though I respect his advice tremendously, I suggest that you take his day to day stock advice which airs on the CNBC television network program "Mad Money" with a grain of salt.  Don't focus so much on his individual picks as you do on his overall sector and market analysis.  If you know how to listen to his show and have fostered overtime a personal understanding of the general way in which the markets work, he can definitely help steer you in the right directions.

If you want to get involved in the market, start slowly.  Slowly scale into your positions over time.  Stay up to date on the news, especially news concerning any companies that you hold a position in or are interested in initiating a position in (make sure to read earnings reports, press releases, even listen to their quarterly and/or annual conference calls).  The more you know and the more you inform yourself, the faster you can be to spot a positive or negative trend as it is forming, and therefore the faster you can mitigate your loses.  Big gains are great, but minimizing your downside is the absolute most important thing you can do when investing.  Winning stocks take care of themselves, it is the losers that you need to spend the most time on such that you can discern whether it is a buying opportunity, or whether it's just a money losing situation.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: geokills]
    #7607904 - 11/07/07 05:09 PM (16 years, 2 months ago)




these are all 1oz. .999 pure silver. Paid 16 bucks a pop.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: sui]
    #7607918 - 11/07/07 05:11 PM (16 years, 2 months ago)

where did you purchase all that Suimush?


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Re: Silver has passed the $15/oz mark - has it begun? [Re: sui]
    #7607948 - 11/07/07 05:14 PM (16 years, 2 months ago)

a coin shop.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: sui]
    #7608391 - 11/07/07 07:06 PM (16 years, 2 months ago)

be careful with generics!

i think i see 3 suiss of america rounds in the top left

amarks are good, havent seen them around in a while


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Re: Silver has passed the $15/oz mark - has it begun? [Re: moon_glue]
    #7608457 - 11/07/07 07:20 PM (16 years, 2 months ago)

well the generic ones i thought were cool. there was a Da Vinci coin, a peace embossed one, and a heart shaped one. They all say .999 pure silver.

Those rounds are swiss of america, and the larger rounds are US minted silver.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: sui]
    #7608460 - 11/07/07 07:20 PM (16 years, 2 months ago)

Good show, 12 troz (373gr) at less than 4% (60 cents) over spot, you're in silver :thumbup:
Every dollar silver goes up means 12 bucks for you.

Now lets hope Zorbman is right and you get to collect $1.200 in 2012!

Lookie  this auction on ebay just now sold bars & rounds for an ounce price of $16.61 (including shipping) - once more, good buy :smile:


Geo, I'm downloading that book as we speak, thanks for the good advice!


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Edited by Asante (11/07/07 07:26 PM)


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7608504 - 11/07/07 07:30 PM (16 years, 2 months ago)

i figure if i buy about 10-15 every 2 weeks then i could trade them in for krugs eventually.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: sui]
    #7608580 - 11/07/07 07:49 PM (16 years, 2 months ago)

Quote:

i figure if i buy about 10-15 every 2 weeks then i could trade them in for krugs eventually.




Problem is, is your coin shop able to supply your steady demand, especially when more and more people are catching on to silver?

Do keep a list of how many ounces you bought when for what. That way you can calculate the average price that goes for all your ounces.

As for the krugs, with the frequent purchase size you're considering ($200-ish) you're about at the price you'd pay for an 1/4oz krugerrand or 1/4oz maple when gold cools off a bit. (don't buy smaller gold than 1/4 oz) Look into the markets and decide whether it's the time of the month to buy silver or gold :grin:

The fun thing is that you bought stuff and you preserved your wealth at the same time. The wealth hasn't gone, it merely changed form. I'm using "wealth" because money is just one form of it: wealth can also be measured by the ounce. There's 20.000 or so days left to your life. If you have an ounce of gold for every day, you're rich regardless of what happens to the dollar.

My idea of being rich is having a big stack of silver and gold at the bank, and converting some of it regularly at the going rate to get the money you need.

Welcome on board :smile:


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Edited by Asante (11/07/07 07:54 PM)


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7610707 - 11/08/07 11:24 AM (16 years, 2 months ago)

yes... all the excitement of spending cash combined with the satisfaction of saving

it's a wounderful thing


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Re: Silver has passed the $15/oz mark - has it begun? [Re: moon_glue]
    #7610778 - 11/08/07 11:39 AM (16 years, 2 months ago)

Quote:

moon_glue said:
yes... all the excitement of spending cash combined with the satisfaction of saving

it's a wounderful thing




:yesnod:


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Re: Silver has passed the $15/oz mark - has it begun? [Re: moon_glue]
    #7612399 - 11/08/07 07:09 PM (16 years, 2 months ago)

Absolutely. 15 dollars in your hand is just meh, but a shiny silver Maple is a nice thing to hold, especially on trips :grin:

I have a silver maple at home just for admiration purposes :lol:


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7612454 - 11/08/07 07:24 PM (16 years, 2 months ago)

Be vewy vewy careful.
Warren Buffet is holding 130,000,000 oz. of silver.
25 or so years ago 2 brothers named Hunt did the same thing.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7612470 - 11/08/07 07:27 PM (16 years, 2 months ago)

HAHAHAHAHAHA!


I bet the few silver bugs here will appreciate this silver round particularly :lol:



The silver round was designed and ordered by some members of the Gold Is Money forum, and unfortunately all sold out. I would have paid $20 for one right away, and I'm not even an American :lol:


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7615708 - 11/09/07 03:09 PM (16 years, 2 months ago)

Why choose the maple leaf over the American Eagle? Is there a huge difference? How does one go about selling the silver when the time is right? Online? A coin shop?

I have $30K just sitting in my bank account and I'm looking for a great investment but am kind of scared of losing even just a little bit of this hard earned money.

I was thinking about buying a kilo bar of gold and spending the rest on silver. I don't know. I'm doing research but I'm hearing all kinds of conflicting arguments about silver and gold. If I could only see into the future.

I'm also curious about platinum and palladium. Any ideas?

Azen


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Azen]
    #7617652 - 11/10/07 05:30 AM (16 years, 2 months ago)

Quote:

I'm looking for a great investment but am kind of scared of losing even just a little bit of this hard earned money.




Do your own due diligence. There's no investment in the world that doesn't carry a level of risk, and precious metals are no different. You can double your wealth, or halve it if you are forced to sell at an unfortunate time. Eventually gold and silver will go up, no question about that, because currencies go down invariably. Question is when?

People into gold and silver (hold and sell goldbugs) are investing for time frames typically 5-15 years long. You got to be willing to ride it out, and have a steady hand. Panic selling (be if for damage control or a quick profit) usually brings misfortune.

Quote:


Why choose the maple leaf over the American Eagle? Is there a huge difference?




As for silver: Silver Maples will typically cost you 50 cents less a piece than American Eagles. Thats a huge difference, and double so if you realize that silver maples are 9999 silver and SAE's only 999 silver. Gold, same story to a lesser extent. GAE's are 999 gold (23 carat) and GSM's are 9999 gold, 24 carat.

Quote:

How does one go about selling the silver when the time is right? Online? A coin shop?




Sources for gold and silver often buy it back. Some have shitty rates, others have very good rates. Look into this for your personal situation.

Quote:

I was thinking about buying a kilo bar of gold and spending the rest on silver.




It's best to buy bullion coins, because these are most liquid, and you can easily do a fractional sell. A gold kilo bar is one item, 32 bullion coins are the same weight and far more convenient to handle.

Quote:

I'm doing research but I'm hearing all kinds of conflicting arguments about silver and gold.




If there was certainty all would be in metals, or none would be. It's an investment, so it's an educated gamble at most.

Quote:

I'm also curious about platinum and palladium. Any ideas?




Palladium might take off at any time, or it might take a long long time. There's more supply than demand for it and most of the time it's fairly uneventful. A good recent development about palladium is that jewelry is more and more making use of it, increasing the market. What  Palladium needs is for someone to get cold fusion to work :awesome: but.. yeah.. the odds are against it.

Platinum already had quite some growth. It could take off even further, but with platinum I have the hunch that it's heading for a considerable fall before it will rise again. I don't plan on going into platinum unless it makes that fall.

In any case: do your own research and make your own decisions.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7656239 - 11/19/07 06:30 PM (16 years, 2 months ago)



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Re: Silver has passed the $15/oz mark - has it begun? [Re: Alan Rockefeller]
    #7656414 - 11/19/07 07:24 PM (16 years, 2 months ago)

Quote:

The price is down to $14.20 now, guess its time to buy.





I'm fine thank you :naughty:


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Re: Silver has passed the $15/oz mark - has it begun? [Re: trendal]
    #13853371 - 01/26/11 11:24 AM (13 years, 5 days ago)

Quote:

trendal said:
Quote:

Cheezit said:
Oil always goes up this time of year as I can tell.  In the spring/summer it goes to 70 a barrel.  It's one of those short term commodities I guess




:lol:

Oil was at about $55 in this spring...after coming up a bit from a low near $50. It does dip somewhat in the spring months (after the winter heating season, before the summer driving season) but for the past 5 years it has risen each time (meaning it doesn't dip as much). If this were a normal year...we should be dropping in price. We aren't.


(the red line is gas prices where I live)

5 years ago oil was only at $22/barrel. 5 years from now I expect oil to be much higher.




Well its been 3 years.
how does it look now? compare see how much you were off?


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Re: Silver has passed the $15/oz mark - has it begun? [Re: i h4te rs]
    #13853508 - 01/26/11 11:48 AM (13 years, 5 days ago)

hmm.. i could by 100 oz's, put that away and actually get a jbo to pay for my epxenses.

but i just enjoy getting high way too much


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Re: Silver has passed the $15/oz mark - has it begun? [Re: i h4te rs]
    #13853963 - 01/26/11 01:06 PM (13 years, 5 days ago)

Quote:

i h4te rs said:
Well its been 3 years.
how does it look now? compare see how much you were off?




We have seen some of what the price of oil can do in a good market - back in 2008 it hit a record high of something over $145/bbl. Right now we have a weak economy and the price is still around $90/bbl. It's on an upward trend, and has been so for the past 2 years.

I think if we hadn't of had the economic crash when we did, we would see oil well in excess of $145. Of course, that price itself was one of (if not the) factor that caused this recession...so it's unlikely that, in reality, we would have gotten much higher than we did.

Ask me again in two years :wink:


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #13854019 - 01/26/11 01:16 PM (13 years, 5 days ago)

How does one sell silver?
Can you recommend a good silver dealer in the UK?  I heard there are a lot of fakes going around.

Also I currently get 3.5% tax free interest with my bank.  Would silver likely appreciate more than this?


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Re: Silver has passed the $15/oz mark - has it begun? [Re: nice1]
    #13854037 - 01/26/11 01:19 PM (13 years, 5 days ago)

I sold most of my silver via Craigslist.  It was good because I could get cash and not pay an fees or shipping.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #15043354 - 09/07/11 03:07 PM (12 years, 4 months ago)

Well Wiccan, it bagan alright.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: sui]
    #15044424 - 09/07/11 06:46 PM (12 years, 4 months ago)

Quote:

MisterMuscaria said:
Well Wiccan, it bagan alright.





Remember Sui 3 years ago?


Quote:

sui said:



these are all 1oz. .999 pure silver. Paid 16 bucks a pop.





12 ounces at his local coinshop for $192
today's value (if he still has em) $516
=========================================
= $324 profit in 3 years, 9 months!







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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #15044432 - 09/07/11 06:48 PM (12 years, 4 months ago)

I bought mine around the same time for 16. I was just a dumbass and sold it too early.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: MisterMuscaria]
    #15044455 - 09/07/11 06:54 PM (12 years, 4 months ago)

:hug:

Its VERY hard to keep the faith when the numbers finally start climbing.

You weren't a dumbass, you were just unwilling to take a bigger chance over the sure profit you had.

If theres going to be a BIG silver dip, will you hop on board of the silver train again?


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #15044470 - 09/07/11 06:58 PM (12 years, 4 months ago)

I definitely would if the price went down. Im not confident that it will keep going higher.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: MisterMuscaria]
    #15044588 - 09/07/11 07:20 PM (12 years, 4 months ago)

Awesome thread. Cool to see it progress like that.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: PatrickKn]
    #15044614 - 09/07/11 07:25 PM (12 years, 4 months ago)

interesting thread. My dad caught onto this a year or two ago and started buying a bunch of silver rolls, he says now in retrospect he wishes he bought more. He'll probably make a few thousand off the few hundred bucks he spent though.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: electricfeel]
    #15044631 - 09/07/11 07:28 PM (12 years, 4 months ago)

Yeah I really wish I woulda went all out and spent all my money on it.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #15044649 - 09/07/11 07:31 PM (12 years, 4 months ago)

If shit goes down but you make it rich, Wiccan, can you support me and I'll be your sex slave?


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Brugman]
    #15044982 - 09/07/11 08:24 PM (12 years, 4 months ago)

All the silver forks, knives, and spoons I came across suddenly excite me. There has to be over 2 pounds of it.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: mukhail]
    #15045559 - 09/07/11 10:19 PM (12 years, 4 months ago)

I bought seven and a half pounds of silver coins two years ago after reading this thread. Still haven't sold. Locked them up with a friend, who's got a great big safe.

This thread and finding a solid connect is what bumped me into buying.

Every now and then I check silver prices, but its not as exciting as when I first bought in.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Brugman]
    #15046542 - 09/08/11 06:09 AM (12 years, 4 months ago)

Quote:

Brugman said:
If shit goes down but you make it rich, Wiccan, can you support me and I'll be your sex slave?




Either you'll 24/7 or bust Brugman :naughty:


Quote:

I bought seven and a half pounds of silver coins two years ago after reading this thread. Still haven't sold. Locked them up with a friend, who's got a great big safe.





AWESOME! :awesome:

If you mean troy pounds (120 troy ounce bullion coins) you are sitting on about $3.500 profit right now, in part due to my nagging :smile2:






Quote:

Yeah I really wish I woulda went all out and spent all my money on it.




Hindsight is always 20/20, it would have been a BIG risk to take. I took it, incrementally and it did wonders for my net worth, which really isnt much but a LOT more impressive than it was in 2007!


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Omnicyclion.org
higher knowledge starts here


Edited by Asante (09/08/11 06:19 AM)


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InvisibleMadSeasonAbove
Reef Donkey
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Registered: 09/29/03
Posts: 3,143
Loc: Florida Flag
Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #15046808 - 09/08/11 07:44 AM (12 years, 4 months ago)

So I guess it's late to get in on this now as a major investment? seeing as silver is currently up over $42US/oz.

I bought a mesely 5-1oz coins a year ago, I payed something along the lines of $31 a piece..

Like some have said; I wish I would have dove in it further.


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InvisibleAsante
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Re: Silver has passed the $15/oz mark - has it begun? [Re: MadSeasonAbove]
    #15046844 - 09/08/11 08:03 AM (12 years, 4 months ago)

Silver may wobble (considerably) under 40 and re-test $50/oz soon. There are no guarantees but that could mean a shortterm gain of 25+% of your invested sum.

I see NO REASON why silver shouldnt re-test or exceed $50/oz, all the news thats out there is BAD if you look closely, and thats generally when precious metals shine.

I don't think its too late to increase your position.

FOR THE LOVE OF GOD PEOPLE DONT TAKE THIS AS ADVICE BECAUSE I HAVE NOWHERE NEAR THE CONVICTION OF MY EARLIER PREDICTIONS but I personally expect in a few years that silver may climb to 60 euros per ounce. If the apparent tendency for $1.50 per euro is maintained that could mean $90 silver. If this is true that could mean you could potentially make 50 bucks on every ounce even if you buy now.

Please PLEASE don't let earlier predictions lull you into a sense of security that may be unjustified. Do your own research and decide for YOURSELF what you will do.


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Omnicyclion.org
higher knowledge starts here


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Offlinemellowparty
legitimate researcher


Registered: 05/17/09
Posts: 18,467
Last seen: 10 years, 2 months
Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #15046855 - 09/08/11 08:08 AM (12 years, 4 months ago)

The only precious metals I have are some shitty golden jewellery bits my mom gave me for my 19th and 20th birthday. Should I trade them for black tar h or wait for a while.


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Invisiblezorbman
blarrr
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Registered: 06/04/04
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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #15051002 - 09/08/11 10:49 PM (12 years, 4 months ago)

Considering that the dollar is in a massive wedge pattern, I am looking for another round of deflation soon.

This should be a great opportunity for non-silver holders to get on board and silver holders to reload. This may be one of the last, best chances to get on board the Silver Train before she leaves the station for good!


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“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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InvisibleLocky
Dont Spill Me!
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Registered: 11/27/10
Posts: 9,348
Loc: Over here, yes, here
Re: Silver has passed the $15/oz mark - has it begun? [Re: zorbman]
    #15051309 - 09/09/11 12:33 AM (12 years, 4 months ago)

The only silver ill be buying is super silver haze


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Offlinemellowparty
legitimate researcher


Registered: 05/17/09
Posts: 18,467
Last seen: 10 years, 2 months
Re: Silver has passed the $15/oz mark - has it begun? [Re: Locky]
    #15051459 - 09/09/11 01:27 AM (12 years, 4 months ago)

Isn't it better to invest in drugs? At least I won't die sober :shrug:


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InvisibleZippoZM
Knomadic
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Registered: 06/17/03
Posts: 13,227
Loc: Pongyang, North Korea
Re: Silver has passed the $15/oz mark - has it begun? [Re: mellowparty]
    #15051540 - 09/09/11 02:07 AM (12 years, 4 months ago)

ive been buying random ounces in pawnshops around nevada for around $40.

its nice to have.

I got a free lakota 50 cent silver ounce

a few 5 gram bars,

some other random ounces, and some morgan head silver dollars.


--------------------
PEACE

:mushroom2:zippoz:mushroom2:



"in times of widespread chaos and confusion, it has been the duty of more advanced human beings - artists, scientists, clowns, and philosophers - to create order. In such times as ours however, when there is too much order, too much m management, too much programming and control, it becomes the duty of superior men and women and women to fling their favorite monkey wrenches into the machinery. To relieve the repression of the human spirit, they must sow doubt and disruption"

"People do it every day, they talk to themselves ... they see themselves as they'd like to be, they don't have the courage you have, to just run with it."


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