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Silver has passed the $15/oz mark - has it begun?
    #7603628 -





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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Omnicyclion.org
personal empowerment for the world

:nyan: LGBT - Love God Before Tradition :nyan:

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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7603645 -

Fuck, I wish I had enough money to invest.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Silversoul]
    #7603708 -

silver doesn't get you high.  :stoned:

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Re: Silver has passed the $15/oz mark - has it begun? [Re: shroom_ninja]
    #7603713 -

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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Re: Silver has passed the $15/oz mark - has it begun? [Re: Silversoul]
    #7603727 -

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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Re: Silver has passed the $15/oz mark - has it begun? [Re: shroom_ninja]
    #7603731 -

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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Omnicyclion.org
personal empowerment for the world

:nyan: LGBT - Love God Before Tradition :nyan:

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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7603738 -

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


Most definitely.


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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7603899 -

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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Re: Silver has passed the $15/oz mark - has it begun? [Re: Silversoul]
    #7603900 -

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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Omnicyclion.org
personal empowerment for the world

:nyan: LGBT - Love God Before Tradition :nyan:

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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7603909 -

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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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7603918 -

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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channel your inner Larry David

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Re: Silver has passed the $15/oz mark - has it begun? [Re: demiu5]
    #7603927 -

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

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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7603931 -

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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Re: Silver has passed the $15/oz mark - has it begun? [Re: buckwheat]
    #7603940 -

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.


--------------------
Omnicyclion.org
personal empowerment for the world

:nyan: LGBT - Love God Before Tradition :nyan:

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Re: Silver has passed the $15/oz mark - has it begun? [Re: badchad]
    #7604023 -

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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Omnicyclion.org
personal empowerment for the world

:nyan: LGBT - Love God Before Tradition :nyan:

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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7604069 -

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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Re: Silver has passed the $15/oz mark - has it begun? [Re: YidakiMan]
    #7604101 -

:lilpimp:

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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7604138 -

Has what begun?

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Re: Silver has passed the $15/oz mark - has it begun? [Re: YidakiMan]
    #7604215 -

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.


--------------------
Omnicyclion.org
personal empowerment for the world

:nyan: LGBT - Love God Before Tradition :nyan:

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Re: Silver has passed the $15/oz mark - has it begun? [Re: PinballWizard]
    #7604228 -

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.


--------------------
Omnicyclion.org
personal empowerment for the world

:nyan: LGBT - Love God Before Tradition :nyan:

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