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Re: Silver has passed the $15/oz mark - has it begun? [Re: DieCommie]
    #7605941 -

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 -

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 -

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.


--------------------
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.

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Re: Silver has passed the $15/oz mark - has it begun? [Re: zorbman]
    #7606000 -

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.


--------------------
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: trendal]
    #7606048 -

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 -

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 -

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.

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: YidakiMan]
    #7606377 -

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.


--------------------
“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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Re: Silver has passed the $15/oz mark - has it begun? [Re: ApJunkie]
    #7606524 -

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.


--------------------
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]
    #7606725 -

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.


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

-::- Moonglue's Mushroom Tea -::-Moonglue's Cannabis Chocolate Peanutbutter Toasties-::-

Quitting Weed FAQ

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Re: Silver has passed the $15/oz mark - has it begun? [Re: moon_glue]
    #7606732 -

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!


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

-::- Moonglue's Mushroom Tea -::-Moonglue's Cannabis Chocolate Peanutbutter Toasties-::-

Quitting Weed FAQ

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Re: Silver has passed the $15/oz mark - has it begun? [Re: badchad]
    #7606749 -

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 -

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:


--------------------
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]
    #7606920 -

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.


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

-::- Moonglue's Mushroom Tea -::-Moonglue's Cannabis Chocolate Peanutbutter Toasties-::-

Quitting Weed FAQ

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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7607163 -

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.


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

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

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Re: Silver has passed the $15/oz mark - has it begun? [Re: Asante]
    #7607184 -

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:


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

"There is never a wrong note, bend it." Jimi Hendrix


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Re: Silver has passed the $15/oz mark - has it begun? [Re: sui]
    #7607313 -

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?


--------------------
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: geokills]
    #7607446 -

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)


--------------------
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]
    #7607730 -

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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┼ ··∙   long live the shroomery  ∙·· ┼
...╬π╥ ╥π╬...

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Re: Silver has passed the $15/oz mark - has it begun? [Re: geokills]
    #7607904 -




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


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

"There is never a wrong note, bend it." Jimi Hendrix


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