- Joined
- May 16, 2014
- Messages
- 1,854
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Put a fork in the bitch, she's done. Gonna be a while until we see anywhere close to $20.
Fine with me. I'm prepared to hold for 5-10+ years if i need to.
Put a fork in the bitch, she's done. Gonna be a while until we see anywhere close to $20.
Yea, i think it was a mistake for me to talk about fundamentals. I really only care about technicals...
So I found this on ebay and thought that this must be a GIMer...
View attachment 81873
View attachment 81874
http://www.ebay.com/itm/201530322242?_trksid=p2055119.m1438.l2649&ssPageName=STRK:MEBIDX:IT
This must be a gimmer...
I'm stacking moar in here. 2017 Eagles are currently 17.43 any quantity from amagimetals.
Hey something is wrong with the Kitco chart. Silver is over $17 & that just can't happen so it's gotta be broken. I'm not getting my hopes up.
Today was a pretty wicked silver spanking... Seems pretty clear there is a struggle going on.
we will see it trade back in the 50's which has been its average over the past many years. On an overshoot we will see the 40's again
So we should buy as many oz of silver as we can with the thought of selling at least part of it when it hits 50's & trade that for gold to get more oz or fiat profit? That would be about a 60% gain / profit right?
I happen to agree with most of it. The beauty is, when silver is really getting spanked, that's just another opportunity to buy more of it (As long as you are not diverting funds that would otherwise be used to pay off debt).Just my opinion...
There's always a struggle going on and I'm certain the high rollers are making money hand over fist at every opportunityToday was a pretty wicked silver spanking... Seems pretty clear there is a struggle going on.
My view is that we should buy physical silver (or gold) to store securely as insurance against the financial disaster we will know as the transition, and to preserve some real wealth for the other side. However, I do not buy physical silver with an intention of selling some of it at $35 (a double!), or $50, or $100, or another higher fiat price. The buy-sell spread on physical is not as good as for stocks, and it is a PITA to move physical to sell (especially if in a rush during a financially difficult time). For funds that I allocate to investment for buy low now and sell higher later, I much prefer to buy good quality miner stock through a brokerage. I expect to gain significant leverage as the price of silver rises, and I can liquidate any of it in a moment with a simple sell transaction. My favorite choices now are WPM (primarily silver) and RGLD (primarily gold), but I also like PAAS and AEM. All of them are backed by real metal in the ground. They pay higher dividends than I can get as interest in a bank savings account (so waiting for the price to move higher isn't as painful as it would be with physical), and they provide far more leveraged appreciation than physical or any bank can offer. I recognize a risk that TEOTWAWKI could happen without warning and over a weekend, so I may not be able to liquidate my mining shares, but that is a risk I am willing to take with some of my investment funds. YMMV so DYODD, and do it the way that works best for you.So we should buy as many oz of silver as we can with the thought of selling at least part of it when it hits 50's & trade that for gold to get more oz or fiat profit? That would be about a 60% gain / profit right?
My view is that we should buy physical silver (or gold) to store securely as insurance against the financial disaster we will know as the transition, and to preserve some real wealth for the other side. However, I do not buy physical silver with an intention of selling some of it at $35 (a double!), or $50, or $100, or another higher fiat price. The buy-sell spread on physical is not as good as for stocks, and it is a PITA to move physical to sell (especially if in a rush during a financially difficult time). For funds that I allocate to investment for buy low now and sell higher later, I much prefer to buy good quality miner stock through a brokerage. I expect to gain significant leverage as the price of silver rises, and I can liquidate any of it in a moment with a simple sell transaction. My favorite choices now are WPM (primarily silver) and RGLD (primarily gold), but I also like PAAS and AEM. All of them are backed by real metal in the ground. They pay higher dividends than I can get as interest in a bank savings account (so waiting for the price to move higher isn't as painful as it would be with physical), and they provide far more leveraged appreciation than physical or any bank can offer. I recognize a risk that TEOTWAWKI could happen without warning and over a weekend, so I may not be able to liquidate my mining shares, but that is a risk I am willing to take with some of my investment funds. YMMV so DYODD, and do it the way that works best for you.