Silver: The Time to Buy is NOW (and I mean TONIGHT)

[Yukon Cornelius]

but it might not happen for another 200 years (should we tie with the Yuan dynasty of China for the longest lasting fiat currency).

Not to go off topic, but is it safe to say if something like this happened sheeple can continue to be sheeple and the rest of us will pull our hair out for another 200 years?

I have a gut feeling this is the direction the US is headed, but my knowledge of the nuances of China/US economic relations is limited.

 

[tmosley]

Not to go off topic, but is it safe to say if something like this happened sheeple can continue to be sheeple and the rest of us will pull our hair out for another 200 years?

I have a gut feeling this is the direction the US is headed, but my knowledge of the nuances of China/US economic relations is limited.

Well, China was able to maintain for that long because they were in the middle of an expansionary period where they conquered damn near all of Asia, and were knocking on the door of central Europe. The loot, and the profits that flowed from the increases in trade from Pax Mongolia were enough to keep them solvent for quite a while. Unless the US suddenly gets a lot better at conducting raids, drops prohibitions against looting conquered countries, and finds a way to carry out such campaigns against rich nations without getting nuked, we probably don't have that long.

In addition, no-one was allowed to have any gold or silver except as jewelry anywhere within the borders of China, under penalty of death. In addition, you could not take their paper currency out of their borders, but HAD to trade for gold at the border. As such, Chinese currency never became a world reserve currency as ours has.

So long as you have gold and silver traded within the borders of the US, their price in dollars will rise in response to money printing. The question is, will the money printing ever stop?

 

[Kelly.]

you have to believe that other countries will not continue to buy our debt if the govt just continues to print money/QE

but wont the collapse of the dollar effect everyone, since it is the worlds reserve currency?
and as such, shouldnt other countries continue to lend to us?
i mean if they stop lending to us, we default and they never get anything back, or
they continue to lend to us, and hope that the govt can borrow the money from someone else to them back?

im obviously new to this, and im trying to see it from both sides. none of it ends with anything good for the dollar.

 

[YumYum]

It would be tough to drive down silver prices over a prolonged period, as the above ground supply is almost out, and engineers and scientists keep coming up with new uses for silver.

Gold went up today, silver dropped.

The only thing that could drive prices down is if some huge new stockpile were found and dumped on the market, or some huge new mine was opened.

This happens all the time with silver. So, why did you panic and tell everybody to by it during the night after the markets closed?

Buying gold is like buying the whole stock market, or the whole bond market. It is very diversified because, as real money, it represents the value of the entire economy. Its supply is also very nearly constant, since it is rarely consumed. As such, the price is dictated only by demand, and demand is extremely low right now, because political manipulations have managed to remove its monetary premium.

I said back in October that the central banks manipulated gold and you called me a moron; that the central banks didn't have the power that they used to have. You said that gold couldn't be manipulated. Now you've changed your tune.

This WILL return someday (I think it will be sooner rather than later), but it might not happen for another 200 years (should we tie with the Yuan dynasty of China for the longest lasting fiat currency). It could also fall apart next week.

??? You claimed in your posts the last couple of years that gold was going to go through the roof "any day now" and make you a millionaire. It was supposed to happen at any moment. So, what is it? Two hundred years from now are next week?

Silver is a bit more unique, in that it is consumed, and with the above ground inventories gone, the price is dictated by both supply and demand (although it is viciously suppressed right now). It has also had its monetary premium stripped from it. It is much further depressed than gold, as it is sitting at greater than 60oz of silver to an ounce of gold. The historical average is 15 oz of silver to an oz of gold. Remember, though, that silver is consumed, and there's not much of it left. As such, it may well run up faster than gold.

Right, that is why gold went up today, while silver went down.

Another thing that might send silver lower is if an audit of the bullion banks revealed that they really do have all of the silver to back up their trades (they have admitted they don't, and that they only have 1 oz for every 100oz they trade), then it might go down a bit as it would be less attractive to the "tinfoil hatters".

What drives the price of silver is buying and selling, just like gold. Hypothetical situations based on rumors and paranoia does not sustain the price of PMs.

Remember, though, cash is king during any depression. When the currency of the realm is debased, only the power money will hold its purchasing power. If the prices of such truly are being artificially depressed, then that will have to end at some point, and gold and silver will have to go up.

You said that FRN's are worthless and that the dollar would never rebound. That was in late October when the dollar index was at 72 and now it is at 81.

Why hasn't the dollar collapsed yet? You've been predicting that it will "any day now", since you have been on this board. Why isn't gold at $4,000 an ounce and silver at $60 an ounce, as you predicted? Why do you speak with such authority when none of your predictions have come true?

 

[Jordan]

These threads are always filled with awesome.

 

[tmosley]

Gold went up today, silver dropped.



This happens all the time with silver. So, why did you panic and tell everybody to by it during the night after the markets closed?



I said back in October that the central banks manipulated gold and you called me a moron; that the central banks didn't have the power that they used to have. You said that gold couldn't be manipulated. Now you've changed your tune.




??? You claimed in your posts the last couple of years that gold was going to go through the roof "any day now" and make you a millionaire. It was supposed to happen at any moment. So, what is it? Two hundred years from now are next week?




Right, that is why gold went up today, while silver went down.



What drives the price of silver is buying and selling, just like gold. Hypothetical situations based on rumors and paranoia does not sustain the price of PMs.



You said that FRN's are worthless and that the dollar would never rebound. That was in late October when the dollar index was at 72 and now it is at 81.

Why hasn't the dollar collapsed yet? You've been predicting that it will "any day now", since you have been on this board. Why isn't gold at $4,000 an ounce and silver at $60 an ounce, as you predicted? Why do you speak with such authority when none of your predictions have come true?

Take my bet you coward. Be punished for your stupidity.

Edit: I mean seriously, you're extracting a trend from a single day? And you wonder why I call you a moron?

You know what? Let's up the ante. I'll take you for ten american gold eagles instead. Any answer other than yes means you are a blithering coward.

 

[SevenEyedJeff]

A lot of YumYum's points seem to be based on a ONE DAY drop, like this one day drop of 16 cents is the end of the world as far as silver is concerned.

And cash is king? Laughable...the dollar index is heavily weighted against the cannibalistic Euro. Meanwhile, the Canadian dollar is at parity again.

 

[tmosley]

As a side note, I'm up $142 on the new, tenfold bet, or 36.70 on the old one (shipping for 1 vs 10 from APMEX is the same).

 

[surf]

you have to believe that other countries will not continue to buy our debt if the govt just continues to print money/QE

but wont the collapse of the dollar effect everyone, since it is the worlds reserve currency?

other countries will continue to lend the US money, but the yield they will demand will increase = rising interest rates. as the US repays current obligations it will need to print more cash to do so, devaluing the currency further (supply and demand).

the dollar won't necessarily "collapse" relative to other currencies as other governments will continue to inflate as well. i think the initial point of this thread is that the dollar will collapse relative to "hard currencies," i.e. gold and silver. apparently the author thought it was going to happen on 3/24 rather than continue on the relatively slow trend it has been on for the last 100 years. it is tough to argue that it will not happen quickly in the near future.

 

[tmosley]

Actually, I expected this to hit the mainstream media over the course of that weekend, but the press blackout has been most effective. Once it becomes known by some critical mass of people, it will go nuts. No-one can predict exactly when that will happen.

I cited the 200 year figure because the longest a fiat currency has ever lasted was 250 years, in Yuan China.

 

[Dr.3D]

A lot of YumYum's points seem to be based on a ONE DAY drop, like this one day drop of 16 cents is the end of the world as far as silver is concerned.

And cash is king? Laughable...the dollar index is heavily weighted against the cannibalistic Euro. Meanwhile, the Canadian dollar is at parity again.

Precisely, the only benchmark to determine how well the dollar is doing is being manipulated so it can not truly indicate anything. If anybody is dumb enough to watch the dollar index as some kind of indicator as to how well the dollar is doing, they might as well be sky diving and watch all the others who jumped out of the plane at the same time they did as an indicator of how fast they are falling.

 

[ctiger2]

Precisely, the only benchmark to determine how well the dollar is doing is being manipulated so it can not truly indicate anything. If anybody is dumb enough to watch the dollar index as some kind of indicator as to how well the dollar is doing, they might as well be sky diving and watch all the others who jumped out of the plane at the same time they did as an indicator of how fast they are falling.

I disagree. The USD (priced in Gold) chart over the past 10 years tells all you need to know about it. IMHO.

 

[Dr.3D]

I disagree. The USD (priced in Gold) chart over the past 10 years tells all you need to know about it. IMHO.

Just imagine what that chart would look like if there had not been any manipulation in the price of gold. It would be even more dramatic that what you see in that chart.

Here is another chart with some not so accurate information.

The reason I say it isn't so accurate is because it is derived from government data and we all know that isn't necessarily accurate. Needless to say, even with their own data, it doesn't look like anybody would want to have a savings account back in 1913 and keep the money in it till now. It would only be worth 4 cents on the dollar now.

 

[JosephTheLibertarian]

for how long is apmex going to have this special? I'm thinking about buying 20.

 

[Jordan]

edit.

 

[Jordan]

I disagree. The USD (priced in Gold) chart over the past 10 years tells all you need to know about it. IMHO.

What about the 20 years before that? Irrelevant?

 

[purepaloma]

Scottsdale Silver Hallmarked bullion seems to continually have the highest resale premium on ebay of any brand.

Though prices on website are a tad higher, they accept credit cards/paypal and are still quite a bit less than most of the dealers on TV and radio.

 

[tmosley]

for how long is apmex going to have this special? I'm thinking about buying 20.

You missed it, sadly.

That was one of the reasons for the rush in the OP. That was an awesome sale.

 

[YumYum]

You missed it, sadly.

That was one of the reasons for the rush in the OP. That was an awesome sale.

tmosley....I want to buy silver based on your assumptions. How high will silver go and how soon? Many people on this forum depend on your expertise input.

 

[YumYum]

Take my bet you coward. Be punished for your stupidity.

Edit: I mean seriously, you're extracting a trend from a single day? And you wonder why I call you a moron?

You know what? Let's up the ante. I'll take you for ten american gold eagles instead. Any answer other than yes means you are a blithering coward.

tmosley...I'm too busy making money to waste my time on you. You claim that you are a manger of a chemical company, and yet my data shows that you spend 14.3 hours a day on this forum. How can you honestly give your employer an honest day's work with you hanging on the computer all day long and all night? Is that what Ron Paul wants from us who represent him? Someone who cheats their employer out of time? You should be ashamed of yourself.

Another thing, you claim on the one hand that you have "just sold out" and that you are sitting on a "lap full of cash", and then you claim in another thread that you are broke. Did it ever occur to you that the I.R.S. monitors this board, and because of your braggadocios statements, you and many others on this board are going to be subject to an audit by the I.R.S.? That is the last thing the good people on this forum need.

tmosley....how many inches tall is your elevator shoes?