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Can't wait for the bottom of silver. If you could call it you would be rich... no chance of that, is there?
Not many people have $30k to put on a 1000 oz bar of silver. But those that have money are stacking quietly.
Price of gas jumped here, probably because Memorial Day is coming soon. Inflation is coming, got physical?
What? Me 'bearish' on silver? Not when I don't retire for at least 8 years and won't need the money for 10 or 15 or maybe even never. It will be in a form I can hand to my son tax free someday and he can benefit from the increase.
Have a great weekend all.
USD stronger than the Euro because socialism fails every time.
Inflation is happening, it just hasn't been incorporated into interest rates yet. Runaway inflation will happen soon once the flood of dollars will be chasing fewer goods.
Eurozone and specifically Cyprus is driving people to gold and silver. The downside is the VAT is charged on purchases of gold and silver.
People are still buying to hedge against inflation, not if but when.
Dealers can't keep silver on the shelves even with high premium prices over paper silver.
Silver is in every electronic device. Everyone owns a bit of silver whether they realize it or not.
That's like saying the flat screen tv bubble is bursting, because everyone is dumping them cheaper and cheaper.
Dollar cost averaging, that's the way to get rich over the long haul. Do you buy more gasoline because it's more expensive and less when the price comes down, or do you buy what you need?
Plus, Japan discourages their people from investing in silver and gold so people there don't have a place to invest in real money. They have to keep their money electronically in the bank. And with inflation in Japan their savings are slowly being eaten up.
We will know when the recession hits, silver will drop to low levels as a result of the recession. People are hit with margin calls and must liquidate assets for cash. Since silver and gold is cash and a store of wealth that's what people that have planned do to become liquid again.
True, and as dollars are paid back with interest the government receives dollars through taxation, then lends it out again to repeat the cycle. People do benefit from the assets as there is money floating around to create and buy wants and needs.
Purchasing silver as money and storing it for future use stops the cash flow/interest/taxes that the government receives as benefits.
Silver is money. The dollar is a piece of paper that can be reproduced by the trillions. Any good or commodity is only as good as demand for it. Demand for the dollar is up because America is the absolutely best country in the world. You collect paper, some people collect beanie babies and some people stack silver. The dollar gaining in value means that people can buy more silver cheaper and that's the way to get rich.
Computers that were $2500 3 years ago sell for $400 now. Cell phones that went for $1000 that were junk now are one penny. Interest rates for mortgages are now at their lowest rate in 60 years. The dollar has lost a lot of it's buying power and silver is the best investment on the planet right now.
May half over, normal noise price bouncing in May.
Oil jumps around by world crisis. It has no relevance to logic or emotion.
I've rode out all recessions and will ride out the future one. The difference is I will be out of debt and able to buy silver if it's $1 or $100. Keep stacking silver because intelligent people are.
$22 LOL!!!!
Stack until 2020, sounds good to me. That's when I will retire with a million dollars worth of silver. Or I pass it on to my heirs tax free. win/win
May is half over, where's the 'CRAAAAASSSSSSHIIIIINNNNNGGGG' in gold and silver sales? When prices go down, more gets bought (and less gets sold to the 'cash for gold' scammers).
LOL! No one is 'drowning' in silver. Paper price is jumping all over and will until it crashes. Physical is demanding higher and higher premiums.
I stopped by a flea market Saturday and someone there had coins. I asked him if he had any for spot price, and he said he sold 'collectable' coins. I looked over his inventory and they were well worn and not collectable. He must have been extreme's dad because he asked me what spot was then, I told him $24 an oz and he said he wanted $2.50 each for Roosevelt dimes and $3 for mercury dimes. Needless to say when I left extreme could claim he was 'swimming in silver' because his prices were too high.
Is that why the US Mint can't make enough coins to meet demand? Silver is money, not cash under the bed.
I just bought a silver mount for a ruby I had. I prefer silver over gold just for cost and silver will be worth more than gold someday.
Good luck with your spam job. I don't think you have convinced one person here. Time to move on.
I had a 5 carat ruby turned into a pendant for my mother. Silver was my choice for the holder. Happy Mothers day all!
Silver dealers can't keep silver in inventory. They are paying more than (paper) spot price. Eagles are the safest investment as they are guaranteed to be real. Silver dimes, quarters and half dollars are the next best bet.
Collector and investor silver demand is up. The US Mint can't keep up with demand.
So lower silver prices encourages miners to open more expensive lower production mines? Capitalism doesn't work that way.
Smart people = stacking silver at lower prices.
Every dealer is the same. If you own something, it isn't worth anything. If they are selling it, it's worth a lot. Look at cars. you can't give one away but try to buy one...
For your information, APMEX is selling eagles for $29.95 so it might be a loooong time before they drop 30%.
I noticed that APMEX is PAYING $2.50 an oz OVER spot (paper price) for silver eagles. How CrAzY is 'dat????
So you imply that stackers have an extra $22,000 sitting around? Me, I trust silver eagles over a bar that might or might not be silver. Thanks for pointing out that bar going so cheap, a lot of the investors here have that much 'paper money' sitting around waiting for a great investment like this to come by.
Let's see... one can dollar cost average going down and coming back up and make money, or one can 'sit on cash' and wait and hope to buy at the bottom. Since hindsight is worth nothing and no one can see the bottom (of course, every day someone will claim to 'knot' the bottom is in, and like a stopped clock or the lottery someone will hit it on the nose) good luck at buying when 'everyone' is disgusted. That will only work when you aren't 'everyone', but that's the definition of 'extreme', right? :)
The best way to make money:
buy when people are selling and
sell when people are buying.
Actually, more ordinary people will stop selling silver and gold as they will wait for the price to go up. Dealers will be selling more as investors don't care what the price per oz is and will continue to stack.
At the time, there were more millionaires created in the depression of 1929. More millionaires exist today due to the computer revolution and need a safe haven to put it. Once the gold and silver bug hits the price will skyrocket. Did you know that there is actually less silver above ground today than gold? And that silver is a diminishing resource? Probably not.
I for one have more work and more cash today than ever before in my life. But then again, I'm not dependent on the government for a monthly handout. As my income rises, I am investing more in the stock market for my retirement. I do plan on investing in silver as time allows because I won't be needing this money for 20 or so years and silver has twice risen to it's real value of almost $50 an oz, and will do so again.
Maybe some families have fewer jobs and working fewer hours. Maybe some families are strapped for cash. I DO hope oil goes MUCH lower because that is always good for America and the rest of the world.
Doom and gloomers tend to be anti-social.
I'm so glad that the above-average intelligent person doesn't think like extreme does. Dollar cost averaging has been shown to build wealth over time rather than jumping in and out of fads. Thanks for pointing this out to us, extreme.
Yep, the dollar version of BitCoin. Electronically created by the push of a button and filling congressional bank accounts every minute of every day.
My mother got a $1 silver certificate dollar in her change the other day. It's worth about $3 to a collector. Seems someone is listening to extreme about silver being worthless. Check your change because there are a lot of other uninformed people in the world.
Paper silver crashing, physical silver still holding a high premium due to low supply and high demand.
ETNL was all about selling paper. They never intended to ever sell product just make a fortune on selling stocks.
You should deal in lead. It's selling for 92 cents per pound and you could peddle everything you are saying about silver to lead. But then again, lead isn't real money.