Why not 15 years? Or 16? I'd like to see what facts you're basing your judgement on.f283000 said:Third world status in 10 years inevitable..
Oh there aren't any like usual?
Why not 15 years? Or 16? I'd like to see what facts you're basing your judgement on.f283000 said:Third world status in 10 years inevitable..
I don't think there's a top on silver in the long run, short term maybe.Danger said:Just purchased some October Put Options on SLV. I think silver is too close to a top and it's time to start making some bets.
I agree, I think sometime this summer we'll see low $30's again. If it even drops into the high $20's, that would be a good time to buy, imo.Danger said:I agree Positive that we are not at the end of the silver bull market.
Having said that, I do not doubt that during this summer we will hit the low $30's again.
Alle_Gory said:Why not 15 years? Or 16? I'd like to see what facts you're basing your judgement on.
Oh there aren't any like usual?
Yep! I was started buying silver at the start of '10 when it was still ~ $17/oz, and kept buying all the way up to $25/oz. Physical silver that was. That was about a year ago. Then I stopped buying, and its more than doubled since then, I shoulda kept buying^^. I rmbr a few months ago it hit $30/oz, and then started correcting down, and I was getting excited, planning to get back in with some more purchases when it got back down to $25 again, but it only got to $26, and then shot up again so fast~ damn, I missed that boat (or should I say rocket).Mr.Positive said:I don't think there's a top on silver in the long run, short term maybe.
Silver, $43.05 an ounce. I started this thread 6 months ago...I was shocked when it broke $25 an ounce then...just 6 months ago.
Please tell me some of you bought back at the $25 time! Man, I should have bought more...but at the time, I thought $25 was incredible.
.
It's matter of when. China, India, Russia and Brazil are already in talks to use their own currencies to foster trade instead of relying on the USD. Before it was used as a world currency because of it's stability, well that's no longer a benefit.Quiksilver said:If other big nations(BRICS) stop using the USD as the de facto world reserve currency, that is a Wildcard that could cause massive inflation and can pretty much occur at any time from 2011 onwards. Once that happens, your gov can no longer prin money without turning your nation into Weimar.
I disagree. The people are far too complacent. For a nation that loves "freedom" and "democracy" you guys let yourselves and your children be sexually molested at airports.Analogy: Even if there is a fire in the theater, it's counterproductive to tell the truth by yelling "Fire!"
Right on! Man, I wish for those days back! I too was buying up until maybe $22. My best purchase was in late '08, I believe, I bought 40 oz of silver eagles for $12.76 a coin. Those are selling for close to $50 a coin now! If I had known that...I'd have bought 400 oz. Haha.d!ckmojo said:Yep! I was started buying silver at the start of '10 when it was still ~ $17/oz, and kept buying all the way up to $25/oz. Physical silver that was. That was about a year ago. Then I stopped buying, and its more than doubled since then, I shoulda kept buying^^. I rmbr a few months ago it hit $30/oz, and then started correcting down, and I was getting excited, planning to get back in with some more purchases when it got back down to $25 again, but it only got to $26, and then shot up again so fast~ damn, I missed that boat (or should I say rocket).
Silver is going to the moon boys, the hard part will be timing the exit, because just when you think it can't go higher: it will.
Apmex.com shows the buy price that they will pay you which is pretty close to market spot price but a little less to cover their 'commission'.What I'd like to know is where do you sell gold or silver for full, or near full, actual value. Take Silver for instance. Where do I go get $45.21 an ounce minus, say, a maximum 1% commission, if that?
Find a local gold/silver coin dealer. In my area, there's several. Call around ask then over the phone.azanon said:What I'd like to know is where do you sell gold or silver for full, or near full, actual value. Take Silver for instance. Where do I go get $45.21 an ounce minus, say, a maximum 1% commission, if that?
How would I go about investing in these stock?Julius_Seizeher said:Buy the silver ETF. Symbol: SLV.
So you mean these guys that come on local commercials asking for your gold/silver who have local shops? I admit I haven't checked into it, but there is NO WAY I believe that these guys pay anywhere close to near full value. If there are other "dealers" that do, then I don't see how the non-reputable ones could even be in business because the word would get out.Mr.Positive said:Find a local gold/silver coin dealer. In my area, there's several. Call around ask then over the phone.
All I'm saying is that if this were true, I just can't see how they can afford the masses of commercials that go on in my local area.Last year, I had to sell a couple of oz's of gold. First time, the spot price was ~$1220 an oz. I was given around $1215 for the coin (krugerrand). I thought that was fair. Second time, gold spot price was $1400 an oz and I was given $10 less. The guy I go to is a reputable guy, family run business, honest and fair. The total time it took to sell was less than 5 minutes, and you are out the door. It's very easy to buy, and sell, when you need to. This gave me confidence in purchasing precious metals.
I define a bubble differently. In my opinion, a bubble is when the current price of a security/item/whatever is higher than what it should be given a critical analysis of all investment factors. In other words, I don't subscribe to the efficient market theory. Anyone who does would have quite a challenge on their hands to defend that late 1999 stock prices were fair, and not inflated.Regarding when is silver a bubble, who knows? A bubble occurs when you have masses of people chasing few assets. Silver could hit a bubble. I don't think we are there yet.
I like this point, but I'd use it to support something else. IMO, precious metals are zero sum investments. For those not familiar with that term, the expected long term return, inflation adjusted, of gold and silver is approximately 0%. Being a moderately conservative investor, I could never recommend someone "speculate" on an investment with a long-term return of 0%, based on an attempt to market time.Take the last silver bubble, where silver topped out at $50 an ounce in the early 1980's. Inflation adjusted, that price today would be around $200 an ounce.
If it does, let the guy who has more balls than brains profit from it. I just hate to see you guys learn an expensive lesson the hard way.However, now it's different, you have the US dollar taking a nose dive, you have industry demanding more and more silver for all the crap we consume...who knows? $500 an ounce?
Gold is not higher because it's more useful, it's higher because it's supply is massively less than silver. I would suspect the other reason is the traditional "gold standard" language that everyone on the earth speaks in some form or fashion.Personally, I think silver will be more expensive than gold one day in the future. Gold is shiny and pretty, but silver is a useful metal, like Platinum. Platinum is at $1800 an ounce right now, silver at only $45. Long way for silver to still go up, imo.
Hey young fellow, how bout buying this william bernstein book instead and starting with that as a guide: http://www.amazon.com/Investors-Man...5141/ref=sr_1_1?ie=UTF8&qid=1303388938&sr=8-1PrettyBoyAJ said:How would I go about investing in these stock?
I think I will invest in Silver once I get money during the summer.
The only reason gold holds it's value so high, is tradition. Internationally, cultures view gold as money, and it's hoarded by central banks, etc..azanon said:Gold is not higher because it's more useful, it's higher because it's supply is massively less than silver. I would suspect the other reason is the traditional "gold standard" language that everyone on the earth speaks in some form or fashion.
Ok well I'm going to put this on my to-do list then because I have a few one oz american eagle silver coins that I'd like to sell to some sucker for the ridiculous price that it's at now.Mr.Positive said:Also, my post regarding selling is true. I have no reason to lie. These dealers don't advertise on the TV. Don't go to cash4gold, go to your local mom and pop coin shop.
Check out www.apmex.com online. You can buy and sell from them too, the prices are right on the website.
You either didn't hear, or just didn't agree with what I said. The expected "long-term" return of silver (and other precious metals) is 0%, inflated adjusted. The ONLY chance you have of making money on it is with short-term speculation and just being lucky doing it. But using hindsight and the last 100 years, if you could pick the worst time to attempt to speculate, .... it would be now, as evidenced by its current market price.EDIT: Azanon, I agree I hate to see folks buy right now at these high prices. Yes, I think long term silver is still an opportunity of a lifetime, but I think we'll see silver in the $20-$30 range this summer. If that happens, that's the time to buy short term. Think of silver like an IRA or a 401K, it's a long-term retirement investment, imo. The prices swing to wildly to try and profit short-term. I think by late 2012, silver will be over $100. Bold forecast, but that's what I think.
Danger, Azanon refuses to get it. The days of silver being used as an inflation hedge (0% real return) are a thing of the past.Danger said:Azanon,
Define "short term speculation". Silver has gone from $4 to $44 in ten years, however I would not consider that the short term. Hell, anyone who kept just 0-5% of gold and silver in their portfolio over the last ten years would have been decimated. Even worse, they would be oblivious to the fact that they had been financially raped.
You are basically one of the proponents of dividends versus capital gains, and there is nothing wrong with that sort of investing. However that does not mean that capital gains is a bad kind of investment. Many of the "income" instruments over the last ten years have not done so well.