silver
- Thread starter DanielQ
- Start date
lol @ precious metals... good weed consistently sells for higher price than gold and silver and it literally grows on trees
Gold ftw!! Just checked the London gold fixing stats and the rate was £884.50 per troy ounce. It's had over a £50 increase in a month, £4 within just a few hours.
I fucked up majorly. I made a choice between paying down the principal on my house and buying silver (@~$18) and I paid down the house. I was just thinking that it could bottom out and fall back to $8... and I still think it could. Either way, too fucking late for me this go-round, that's for sure - $30 is too rich for my blood on silver.
This discussion could have happened 6 months ago, and the "overvalued" team would have given the same arguments. If the FED doesn't rise interest rates, or if the unemployment rate doesn't fall back to 5%, silver prices will continue to move up (in the medium term) because the fundamentals for silver have not changed.
I got in when it was $25, with the announcement of QE2... glad I did, and I´m keeping put.
There is an silver affiliate program (from a mining company) that shares 50% of their earnings with the affiliate. I guess they can do it because they own the silver. They sell physical silver with a 10% surcharge from the international price and they pay the affiliate 5%. The commissions are payed in silver, not in dollars, but you can sell it back to them without loss. Its an interesting deal.
I got in when it was $25, with the announcement of QE2... glad I did, and I´m keeping put.
There is an silver affiliate program (from a mining company) that shares 50% of their earnings with the affiliate. I guess they can do it because they own the silver. They sell physical silver with a 10% surcharge from the international price and they pay the affiliate 5%. The commissions are payed in silver, not in dollars, but you can sell it back to them without loss. Its an interesting deal.
Silver has a long way to go up IMO... many people don't understand the reason behind Gold and Silver and why they are rising. The media and all financial advisors that are sipping the kool aid every morning want you to just buy blue chips, but I feel that we are in for some tough times ahead and blue chips are so over crowded with everyone that has been brainwashed for decades into thinking they are safe will be running for the hills once again.
QE 2 ends in June. If they don't extend QE3 then shit will really hit the fan and fast.
Silver is in such short supply. Today was a massive down day in stocks and other commodities but Silver held up excellent.
Good Buying op... I've loaded up in th3 $20's but I'm still eying some more Silver on this pull back. Looking at the half dollars myself. Lowest premiums.
Good Buying op... I've loaded up in th3 $20's but I'm still eying some more Silver on this pull back. Looking at the half dollars myself. Lowest premiums.
Are you really insinuating that an intraday uptick in the price of silver just confirmed your investment thesis?
The hallmark of a bull market or bubble is that no one admits we're in one until it's all over. The level of interest in silver in this thread just confirms to me that the mania has already hit main street.
We'll see, we'll see.
Check this out - China bought more Gold in 2 months of 2011 than all of 2010
Guest Post: Chinese Gold Fever | zero hedge
The latest news from China corroborates this: in the first two months of 2011, the Chinese have imported 200 tonnes of gold, which is as much as in the entire year 2010!
I'm sure they are buying equal Silver also
Guest Post: Chinese Gold Fever | zero hedge
The latest news from China corroborates this: in the first two months of 2011, the Chinese have imported 200 tonnes of gold, which is as much as in the entire year 2010!
I'm sure they are buying equal Silver also
zerohedge is fucking retarded. tyler durden is probably a team of Rio Tinto or JP Morgan employees.
silver is now almost $47 an ounce, looks like you made nearly 40% in 5 weeks.
damn straight son! closer to 30% tho .. but still i'd like to see that cash do anything like that in my bank account!
i'm pretty stoked with that investment, and fuck that guy that was talking shit on silver in this thread, i'm too lazy to look up his name
they can easily be compared, the tech bubble was fueled by an artificially high amount of venture capital flooding into the tech world, similar to the overprinting of dollars.
Unless you would have been disciplined enough to sell at some point you could have ended up riding silver back down, when it inevitably, drops like a rock..... in other words if you are the rare person that would have sold then kick yourself. But if you are like most and would have never sold, then you will be much happier having paid down your house.