Who's buying silver these days?

I'm all for buying land and ironically I grew up on a farm until I was eight years old. Land and silver are both buys but houses and currency are both overvalued imo

sputnik wrote:Google is just a search engine whose stocks increase in value for no reason.

sputnik wrote:

AGEsAces wrote:Where do you get that Google is just a search engine?

Apparently I suffer from temporary dyslexia.

I meant to word it with a more sarcastic tone. Like this...

"Is Google just a search engine whose stocks increase in value for no reason?"

In all fun that's a flip flop that would rival most politians...

casualchris wrote:

sputnik wrote:Google is just a search engine whose stocks increase in value for no reason.

sputnik wrote:

AGEsAces wrote:Where do you get that Google is just a search engine?

Apparently I suffer from temporary dyslexia.

I meant to word it with a more sarcastic tone. Like this...

"Is Google just a search engine whose stocks increase in value for no reason?"

In all fun that's a flip flop that would rival most politians...

True. However I am pretty clear on my platform when it comes to buying commodities as a long term hold.

I hear ya and concede you probably did mean that, it was just funny. "what I meant by yes.....was actually no...." heheh

sputnik wrote:I am pretty clear on my platform when it comes to buying commodities as a long term hold.

I'm not saying only silver, when there's an abundance of currency everything (ok not everything but you know what I mean) is going to go up. In a way it seems like an answer to the overpriced housing market to keep it from collapsing, print more money so currency pars up with houses in terms of value, of courses silver will.......Oh you get my drift by now.....

casualchris wrote:

sputnik wrote:I am pretty clear on my platform when it comes to buying commodities as a long term hold.

I'm not saying only silver, when there's an abundance of currency everything (ok not everything but you know what I mean) is going to go up. In a way it seems like an answer to the overpriced housing market to keep it from collapsing, print more money so currency pars up with houses in terms of value, of courses silver will.......Oh you get my drift by now.....

People who hold large long term cash positions aren't terribly bright or think they are more risk prone than they really are. Even those in the throes of retirement or nearing retirement often move into GICs far too quickly and convert far too much of their portfolio into cash. Their finances will be quickly devoured by inflation.

However commodities are not always a guaranteed hedge against inflation. Inflation is a factor of many sectors not just precious metals, minerals or fossil fuels.

That said, in times of inflation, corporations generally capitalize on it the best. Should the government start printing money en masse the majority of it will be put into the hands of publicly traded corporations. Sure they will be buying commodities, but it is anyone's guess WHICH commodities they focus on specifically. Corporations balance sheets will rise regardless and so will the value of equities. Hopefully they track or even out pace inflation.

Putting all of your faith in silver (or any single commodity) is a crap shoot IMO if your main goal is to protect yourself from hyper-inflation especially if the commodity is very volatile prior to any evidence of high inflation in the market.

I think the volition we see in silver now will be nothing compared to when they buyers high fizzles out and remorse sets in about this socialist spending spree we been on for the last few decades. Fifty dollar silver will be the floor we all wished we were in on

todays a great buying day, nine ounces silver for 315 in hand just now

stack stack stack, stock markets/government/paper on crack......

where do you live again? I keep forgetting ( sharpens lock picks )

exactly why the lions share is locked up safe

Im surprised, and obviously so is the market that qe3 isn't going forward right now, but its inevitable imo, the fat man cant stop eating

Just look at the SCREAMING from peeps about the "OMG END OF THE WORLD" budget that the Conservatives introduced and you will see that many people still dont get it and want the uncontrolled unfunded spending to continue for ever.

Hell . USA is not even hoping to be out of deficit spending for another 10 years.. best case scenario and by that time they will be 25-30 TRILLION in debt and interest payments alone will be making up an insane amount of their budget so that very little actual money will be flowing for programs in the USA over all.

so yeah.... there will be more buyouts and such to pretend to keep the party happening but it will crash miserably sooner or later. I dont think the world can handle a Greek Style crisis happening in the USA

Go buy one ounce silver maple leaf dean, if in five years its at a loss, i will cover your buy it from you at todays closing price.

My personal goal is 500 physical ounces

and there ya go... digital cash

http://developer.mintchipchallenge.com/

https://i.servimg.com/u/f42/14/02/71/09/silver11.png

I see 52 by year end hopefully

cc

How can you possibly see 52.

Gold:


Both are a bubble and will (and already are) crash.

i meant to say within the next year, but i'm guessing you have the same response.

casualchris wrote:https://i.servimg.com/u/f42/14/02/71/09/silver11.png

I see 52 by year end hopefully

cc

Based on what fundamentals?

Feel free to post graphs showing how you could believe that.

casualchris wrote:My personal goal is 500 physical ounces

Why not get a line of credit and buy it now?

You should be able to borrow the ~$15,000 to cover the purchase and when silver hits $52 in 12 months you should be able to quite easily cover the debt with the profits and still have a pile of silver in reserve. If you want to be left with 500 oz at the end of the day, just borrow more.

That is of course IF you actually believe that silver will hit $52.

my fundamentals are the end of the worlds coming

I didn't know you were this guy...

It potentially could stay at these high levels, i don't see it rising any more. I say potentially because it depends what happens in the US. If the economy turns around and they raise interest rates, silver/gold will fall as investors flock to other investments. But while there is so much uncertainty out there, that is the reason gold and silver have sky rocketed so much, it's seen as safe.

But, eventually, things will turn back around in the economies around the world and these prices will be unsustainable leading to a drop. The rise was also due to speculators (like yourself) pushing the price up. Once the hype is over it will be back to normal. But i could be wrong, who knows really.

If you are going to buy anything buy insurance companies. When rates are low they dont make much money off investments. When rates are high and the economy is booming (which it will in 2 years and rates are going to rise very soon) insurance companies are very profitable (wawanessa, gwl, etc).

so how much is a bagful of 1963ish quarters worth? Or better yet.. how much is each quarter worth?

It depends on the size of the bag of course! hah, see size always matters.

1963 canadian quarter is 80 percent silver, today roughly $4.75, if you want to sell it to a dealer like gatewest coin here in the city you'll be getting about $4.35 per quarter which you would then end up paying capital gains tax according to your personal situation.

Of course, you could find someone who has some thing you want and pay in silver. Maybe your neighbor has a boat for sale which he wants $2000, that would only be 117ish in silver quarters.

So is there 117 dollars or so? If so its worth a boatload

"Of course, you could find someone who has some thing you want and pay in
silver. Maybe your neighbor has a boat for sale which he wants $2000,
that would only be 117ish in silver quarters.

So is there 117 dollars or so? If so its worth a boatload"

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