Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You call what he does speaking? LOL.
VC
Geert Wilders is my hero.
VC
Talk to me...
VC
Solid
VC
WHOA!!! Look at that volume spike at about 6:45AM, EST!!! One buyer? http://finviz.com/futures_charts.ashx?t=GC&p=m5
VC
Silver seems to be holding. Decreasing the silver to gold ratio (albeit by fractions of percentage).
BTW, copper is plummeting. Why? Industrial weakness. Dr. Cooper is warning the world...
VC
Done.
TY
VC
I'd love to be added to your Skype list.
VC
I'm not trading for profit. Thanks for the fundamental reminder. Every vehicle I'm currently holding is getting slammed. UKPIX, USERX, TVIX and physical silver. I suppose I'm a little emotional.
VC
You holding any other vehicles? Precious metals? Miners? Inverse mutual funds?
VC
300:1 Comex leverage indicates pm demand...
Bollinger bands are speaking to me. You?
VC
I'm not going to lie. 10 down days in a row on silver just after my first EVER buy doesn't feel good. Has that ever happened before?
VC
JohnCM- I'm betting that China pushes the Yuan into the IMF basket. China is backing its currency with gold and silver reserves. It's only going to take a U.S. market and/or global market crash to see a new world currency. I'm also betting that the Chinese will have, minimally, 2 of every 10 votes when that new world currency is designed and initiated. U.S. will have less say given that it likely has zero pm's left in the vault (other than what it might steal from the less-than-8-percent of Americans who hold pm's.
I read somewhere that $200MM takes the rest of available gold off the market. Who has that kind of money? China. China-China-China. Chiiiiinaaaaa.
VC
That's all ya got? Palladium falling 4% but gold and silver minimal declines? Seriously?
Listen, when the dollar collapses, I won't be the kind who rubs it in, ok? Further, when the dollar loses world currency prominence, I won't "see, I told you so" either. Oh, and if an irrelevant currency crumbles I won't state, "bubble popping".
VC
If you think fiat is not vulnerable, then you are right. I've read that the Chinese are ready to buy up the remaining $200MM of available gold. If that happens, what do you think will happen to the price of gold?
VC
The ETF is a paper vehicle. If there is a call for product, is SLV or USLV backed up by physical? Is it deliverable?
VC
Paper (SLV) vs. Physical. Premium vs. Broker fees. I cannot tell you how gratifying it is to HOLD physical. Buy a few of the aforementioned items and let me know how you feel.
VC
$SUPERMAN's post is another great reason to buy silver: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118405402
1. Decide how much you want to spend
2. Decide how you want to vary your allocation [rounds vs. coins, fractionals (junk), bars, collectibles (not my cup of tea)]
3. Find a local dealer, compare prices, and establish a relationship. It'll come in handy later.
VC
Gold... $1900 8/11, $1100 today = 42% loss
Silver... $51 4/11, $15 today = 70% loss
Some look at the gold to silver ratio. 4/11 32:1 Today? 72:1
Personally, I want my hands on as much valuable precious metals as possible which led me to purchasing silver rather than gold. For $5K, you can buy roughly 4.55 ounces of gold (Four 1 oz coins and one 1/2 coin) OR 278 2015 Silver Eagles (for example).
VC
Do you have a local dealer? Even if you pay a little more, you're likely to get more if/when you sell. Just a thought.
VC
Quick theoretical/philosophical question: Why would shorting the dollar be beneficial when the dollar collapses? I mean, if the dollar is worth less (or worthless), how can you recover by covering your position?
VC
Dangerous advice.
VC
My philosophy is to own fractionalized (half dollar, quarter, dime) which are 90% (junk) silver. Again, when silver is $100oz, the shit has hit the fan and you'll need smaller coins for bartering purposes. As for 1 oz coins, it is debatable whether to buy silver eagles (U.S. minted silver dollars) or rounds (spot value). Personally, I just want it in my hands as cheap as possible so rounds is sufficient but I have both.
As for purchase venue... Go local, IMO. Establish a relationship asap. Feel free to post their prices here and I'm sure someone (I'll help too) could offer price point advice.
VC
Yes because rounds aren't already available. Because junk isn't available. Because nothing else is being minted. LOL. Come on, you need to do better than that, lol!
VC
My philosophy is to own fractionalized (half dollar, quarter, dime) which are 90% (junk) silver. Again, when silver is $100oz, the shit has hit the fan and you'll need smaller coins for bartering purposes. As for 1 oz coins, it is debatable whether to buy silver eagles (U.S. minted silver dollars) or rounds (spot value). Personally, I just want it in my hands as cheap as possible so rounds is sufficient but I have both.
As for purchase venue... Go local, IMO. Establish a relationship asap. Feel free to post their prices here and I'm sure someone (I'll help too) could offer price point advice.
VC
Both. I'm just suggesting to remember owning dimes.
Here's how I see this going down. Silver will eventually move to $100 oz. and I'll either use it to pay for kid's university education, move into another beaten-down vehicle and/or barter. If I'm forced to barter, a dime will be worth $9 to most people. At that time, a dozen eggs will probably cost $9. Bread? $9. Milk? $9. We'll basically be creating a legitimate currency without the aid of the federal govt... of course, until we're arrested.
VC
The bubble will POP in the secret of the night and then you'll cry in the middle of daylight.
Hedge your position. Move half of your profit into a short position or into a precious metal. Heck, buy some physical. You're getting a nice deal and lower premiums.
VC
You don't buy low? You buy high? LOL!!! Sell dollar high, buy anything else low.
VC
You better move your dollars before the bubble goes POP!
VC
Never owned physical until last month. I own 7 diff. years of silver eagles (tubes), 4 tubes of silver buffaloes (rounds), $155 face value 90% junk (be sure to own dimes) a 10 oz bar, a few 1 oz bars and a Washington Mint currency set. When silver moves to $100 oz (low side of my target), I'll re-evaluate the fiat currency situation. But, as Sinclair has stated, "this may be the one time in history you don't sell your physical holdings". Think that over a bit...
VC
Why is silver underperforming gold since their 5 year highs?
VC
And fight shorty? Physical is so wonderful!
VC
Honestly, guys. I see VIX spot moving to 100 this time.
VC
Just traded my 2 2015 silver eagle rolls for '90 and '91 rolls as long as I outright purchase an '89 roll for $500. I think this was a solid trade. You guys?
VC
Very nice.
VC
Yes, your dollar will climb forever and gold will go to zero. That's your reasoning, right?
VC