I've been hearing a lot about how silver is going to really shoot up in price along with gold very soon and how they are worth so much more then what they are listed at and will soon truly reach their correct market value in the near future. How is the price of gold/silver set? Is this nonsense? Is our paper money doomed?
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I've been hearing a lot about how silver is going to really shoot up in price along with gold very soon and how they are worth so much more then what they are listed at and will soon truly reach their correct market value in the near future. How is the price of gold/silver set? Is this nonsense? Is our paper money doomed?
It's a set up. You see, your reaction is to panic and go out and invest small or heavy. If enough people do it, then you're right. It reaches it's value.
But where do you go from there? It's capped out. You'll only lose money from that point probably sell out of frustration at 50% what you put into it.
Then the New York Times does an article a few years from now inciting the same type of nonsense.
Same game. Different suckers.
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It's a set up. You see, your reaction is to panic and go out and invest small or heavy. If enough people do it, then you're right. It reaches it's value.
But where do you go from there? It's capped out. You'll only lose money from that point probably sell out of frustration at 50% what you put into it.
Then the New York Times does an article a few years from now inciting the same type of nonsense.
It's a set up. You see, your reaction is to panic and go out and invest small or heavy. If enough people do it, then you're right. It reaches it's value.
But where do you go from there? It's capped out. You'll only lose money from that point probably sell out of frustration at 50% what you put into it.
Then the New York Times does an article a few years from now inciting the same type of nonsense.
Same game. Different suckers.
It just makes so much sense to buy gold/silver. Money is being printed all the time making our dollars next to useless. We go to war with other countries suppossedly to help oppressed innocent people. All lies! Why are we fighting against libya? Ghadafi wants to trade oil for gold instead of dollars. A lot of nations are interested in his idea, so the U.S. has to intervene right away to protect it's economy. Why did we go into Iraq? Saddam wanted to trade oil for euros. I just found out today that anyone on planet earth who wants to purchase oil must do so in American currency (Petro Dollar) with the exception of a select few. Many investors have been predicting the rise of gold/silver for a while now. I'm definitely interested in purchasing some myself.
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Quote Originally Posted by Fishscale:
It's a set up. You see, your reaction is to panic and go out and invest small or heavy. If enough people do it, then you're right. It reaches it's value.
But where do you go from there? It's capped out. You'll only lose money from that point probably sell out of frustration at 50% what you put into it.
Then the New York Times does an article a few years from now inciting the same type of nonsense.
Same game. Different suckers.
It just makes so much sense to buy gold/silver. Money is being printed all the time making our dollars next to useless. We go to war with other countries suppossedly to help oppressed innocent people. All lies! Why are we fighting against libya? Ghadafi wants to trade oil for gold instead of dollars. A lot of nations are interested in his idea, so the U.S. has to intervene right away to protect it's economy. Why did we go into Iraq? Saddam wanted to trade oil for euros. I just found out today that anyone on planet earth who wants to purchase oil must do so in American currency (Petro Dollar) with the exception of a select few. Many investors have been predicting the rise of gold/silver for a while now. I'm definitely interested in purchasing some myself.
Silver is becoming more rare then ever and supply is at an all time low. Its been said that silver supply has always been more then gold supply and will become extremely scarce. They say there is less silver now then there is gold which has never happened which anyone can conclude that silver will one day be worth alot of $$$. Check this out
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Silver is becoming more rare then ever and supply is at an all time low. Its been said that silver supply has always been more then gold supply and will become extremely scarce. They say there is less silver now then there is gold which has never happened which anyone can conclude that silver will one day be worth alot of $$$. Check this out
Do you really believe in the crap what they say these day. Back then the news stated it was a shortish in oil so the price is sky high. End up to be all lies. I saw something on I believe 48hrs the Prince/King or who ever he in in Saudi Arabia said there is plenty of oil to be drilled. Now they are talking about Gold/Silver so they want us to buy so they can screw the poor folks over.
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Do you really believe in the crap what they say these day. Back then the news stated it was a shortish in oil so the price is sky high. End up to be all lies. I saw something on I believe 48hrs the Prince/King or who ever he in in Saudi Arabia said there is plenty of oil to be drilled. Now they are talking about Gold/Silver so they want us to buy so they can screw the poor folks over.
It's a set up. You see, your reaction is to panic and go out and invest small or heavy. If enough people do it, then you're right. It reaches it's value.
But where do you go from there? It's capped out. You'll only lose money from that point probably sell out of frustration at 50% what you put into it.
Then the New York Times does an article a few years from now inciting the same type of nonsense.
Same game. Different suckers.
Why do you reply without stating any facts. I'm not crapping on you but your points are silly.
The run to Gold/Silver is founded on three things:
1. The manipulation of major banks on the suppression of gold & silver (specifically JPM). Fact - look at the short ratio that these banks have on gold/silver. 2. The devaluation of the USD. 40yrs ago the US debased their currency against Gold, thus being able to become a monetary printing machine with no accountability. It's simple supply vs. demand. Fact: The USD in the past 100 yrs has lost 90% of it's buying power vs. the price of Gold. 3. Faith - Fiat currency is all about faith and the US dollar is the currency of the world. There are rumbles throughout the globe that certain countries want to make global transactions in Non-US currency. If this happens (which would cause a war first), the US will lose it's global status.
In short, will gold & silver continue to rise without falling? No. You should dollar cost average. Spend the same amount every month and think 5-10yrs verizon.
Gold & Silver will fall hard when margins get hiked, two weeks ago, margins were raised 22% on Gold and it dropped $50, and now has surpassed it.
The reasons to buy Gold & Silver is endless, just be smart about it.
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Quote Originally Posted by Fishscale:
It's a set up. You see, your reaction is to panic and go out and invest small or heavy. If enough people do it, then you're right. It reaches it's value.
But where do you go from there? It's capped out. You'll only lose money from that point probably sell out of frustration at 50% what you put into it.
Then the New York Times does an article a few years from now inciting the same type of nonsense.
Same game. Different suckers.
Why do you reply without stating any facts. I'm not crapping on you but your points are silly.
The run to Gold/Silver is founded on three things:
1. The manipulation of major banks on the suppression of gold & silver (specifically JPM). Fact - look at the short ratio that these banks have on gold/silver. 2. The devaluation of the USD. 40yrs ago the US debased their currency against Gold, thus being able to become a monetary printing machine with no accountability. It's simple supply vs. demand. Fact: The USD in the past 100 yrs has lost 90% of it's buying power vs. the price of Gold. 3. Faith - Fiat currency is all about faith and the US dollar is the currency of the world. There are rumbles throughout the globe that certain countries want to make global transactions in Non-US currency. If this happens (which would cause a war first), the US will lose it's global status.
In short, will gold & silver continue to rise without falling? No. You should dollar cost average. Spend the same amount every month and think 5-10yrs verizon.
Gold & Silver will fall hard when margins get hiked, two weeks ago, margins were raised 22% on Gold and it dropped $50, and now has surpassed it.
The reasons to buy Gold & Silver is endless, just be smart about it.
OK i inevested in all precious metals and leraned how the game works the big guns who have millions buy all the gold silver platinum up !
THEY do not sell it ! so it goes up but then becuse the suplly has run out no one is buying any more ! DUE to recycling the precious metals !
soon as 1st drop hits every dummy starts selling his stock off
BIG guys get more stuff cheaper and laugh all the way to the bank !
holding onto thier main suplly while selling off new suplly at higher prices even if it's only $10 more they make Millions !
I have invested almost 1/4 million in Platinum Gold silver apst 7 years and thats small potatoes compared to what the BIG guns do ! SO buy it and hold onto it NEVER sell it off !
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OK i inevested in all precious metals and leraned how the game works the big guns who have millions buy all the gold silver platinum up !
THEY do not sell it ! so it goes up but then becuse the suplly has run out no one is buying any more ! DUE to recycling the precious metals !
soon as 1st drop hits every dummy starts selling his stock off
BIG guys get more stuff cheaper and laugh all the way to the bank !
holding onto thier main suplly while selling off new suplly at higher prices even if it's only $10 more they make Millions !
I have invested almost 1/4 million in Platinum Gold silver apst 7 years and thats small potatoes compared to what the BIG guns do ! SO buy it and hold onto it NEVER sell it off !
investors are predicting silver will reach $1500 or more. We are running out of supply and soon there will be no more to meet demands. If i do buy silver im going to hold onto it for a long time. Am i wrong to think this?
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investors are predicting silver will reach $1500 or more. We are running out of supply and soon there will be no more to meet demands. If i do buy silver im going to hold onto it for a long time. Am i wrong to think this?
investors are predicting silver will reach $1500 or more. We are running out of supply and soon there will be no more to meet demands. If i do buy silver im going to hold onto it for a long time. Am i wrong to think this?
Silver will NOT reach $1500 an ounce anytime in the foreseeable future. You're listening to morons.
If you're going to buy, dollar cost average (same dollar amount every month) & diversify with Gold.
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Quote Originally Posted by beanz:
investors are predicting silver will reach $1500 or more. We are running out of supply and soon there will be no more to meet demands. If i do buy silver im going to hold onto it for a long time. Am i wrong to think this?
Silver will NOT reach $1500 an ounce anytime in the foreseeable future. You're listening to morons.
If you're going to buy, dollar cost average (same dollar amount every month) & diversify with Gold.
A safer and cheaper way to make money in this kind of feeding frenzy is to buy stock in companies that mine gold and silver. These stocks have been going up for a nice return without the heavy up-front investment.
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A safer and cheaper way to make money in this kind of feeding frenzy is to buy stock in companies that mine gold and silver. These stocks have been going up for a nice return without the heavy up-front investment.
Why do you reply without stating any facts. I'm not crapping on you but your points are silly.
The run to Gold/Silver is founded on three things:
1. The manipulation of major banks on the suppression of gold & silver (specifically JPM). Fact - look at the short ratio that these banks have on gold/silver. 2. The devaluation of the USD. 40yrs ago the US debased their currency against Gold, thus being able to become a monetary printing machine with no accountability. It's simple supply vs. demand. Fact: The USD in the past 100 yrs has lost 90% of it's buying power vs. the price of Gold. 3. Faith - Fiat currency is all about faith and the US dollar is the currency of the world. There are rumbles throughout the globe that certain countries want to make global transactions in Non-US currency. If this happens (which would cause a war first), the US will lose it's global status.
In short, will gold & silver continue to rise without falling? No. You should dollar cost average. Spend the same amount every month and think 5-10yrs verizon.
Gold & Silver will fall hard when margins get hiked, two weeks ago, margins were raised 22% on Gold and it dropped $50, and now has surpassed it.
The reasons to buy Gold & Silver is endless, just be smart about it.
Chill son. The good thing about gold and silver is it's intrinsic value. It isn't a get rich quick scheme though. And at the end of the day it's "precious" because that's the value the world has stamped on it.
But...It's when outside factors try to manipulate the price when people get into trouble and the price fluctuates. The majority of folks looking to invest in gold and silver have tunnel vision and plan on flipping it within a couple years.
But that's just my stupid ass opinion.
"CPI and inflation fears set the general trend for gold prices (though they are not always correlated). But a dramatic spike and fall in gold prices were caused due to a combination of extreme geo-political events (Russian invasion of Afghanistan in Dec 1979, Iran hostage crisis) and strong and unconventional policy actions and market events (the Fed under Volcker increased fed funds rate from 13% to 20% for a short period in Q1 1980, and Hunt’s brothers silver market cornering failed due to their inability to meet a margin call during falling silver prices in Mar 1980, exacerbating the fall in precious metals). It is an interesting mix of these events which resulted in the roller coaster gold prices in 1980."
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Quote Originally Posted by FrozenTundra:
Why do you reply without stating any facts. I'm not crapping on you but your points are silly.
The run to Gold/Silver is founded on three things:
1. The manipulation of major banks on the suppression of gold & silver (specifically JPM). Fact - look at the short ratio that these banks have on gold/silver. 2. The devaluation of the USD. 40yrs ago the US debased their currency against Gold, thus being able to become a monetary printing machine with no accountability. It's simple supply vs. demand. Fact: The USD in the past 100 yrs has lost 90% of it's buying power vs. the price of Gold. 3. Faith - Fiat currency is all about faith and the US dollar is the currency of the world. There are rumbles throughout the globe that certain countries want to make global transactions in Non-US currency. If this happens (which would cause a war first), the US will lose it's global status.
In short, will gold & silver continue to rise without falling? No. You should dollar cost average. Spend the same amount every month and think 5-10yrs verizon.
Gold & Silver will fall hard when margins get hiked, two weeks ago, margins were raised 22% on Gold and it dropped $50, and now has surpassed it.
The reasons to buy Gold & Silver is endless, just be smart about it.
Chill son. The good thing about gold and silver is it's intrinsic value. It isn't a get rich quick scheme though. And at the end of the day it's "precious" because that's the value the world has stamped on it.
But...It's when outside factors try to manipulate the price when people get into trouble and the price fluctuates. The majority of folks looking to invest in gold and silver have tunnel vision and plan on flipping it within a couple years.
But that's just my stupid ass opinion.
"CPI and inflation fears set the general trend for gold prices (though they are not always correlated). But a dramatic spike and fall in gold prices were caused due to a combination of extreme geo-political events (Russian invasion of Afghanistan in Dec 1979, Iran hostage crisis) and strong and unconventional policy actions and market events (the Fed under Volcker increased fed funds rate from 13% to 20% for a short period in Q1 1980, and Hunt’s brothers silver market cornering failed due to their inability to meet a margin call during falling silver prices in Mar 1980, exacerbating the fall in precious metals). It is an interesting mix of these events which resulted in the roller coaster gold prices in 1980."
What preceded the WallStreet dump in the late 90's? Joe 6-pack was heavily involved in stocks and prices were at all time highs.If you ain't a player then you're played. This ain't the Hunt brothers trying to corner the market and silver is a component in a great deal of manufacturing thus its price is less volitile.
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What preceded the WallStreet dump in the late 90's? Joe 6-pack was heavily involved in stocks and prices were at all time highs.If you ain't a player then you're played. This ain't the Hunt brothers trying to corner the market and silver is a component in a great deal of manufacturing thus its price is less volitile.
Chill son. The good thing about gold and silver is it's intrinsic value. It isn't a get rich quick scheme though. And at the end of the day it's "precious" because that's the value the world has stamped on it.
But...It's when outside factors try to manipulate the price when people get into trouble and the price fluctuates. The majority of folks looking to invest in gold and silver have tunnel vision and plan on flipping it within a couple years.
But that's just my stupid ass opinion.
"CPI and inflation fears set the general trend for gold prices (though they are not always correlated). But a dramatic spike and fall in gold prices were caused due to a combination of extreme geo-political events (Russian invasion of Afghanistan in Dec 1979, Iran hostage crisis) and strong and unconventional policy actions and market events (the Fed under Volcker increased fed funds rate from 13% to 20% for a short period in Q1 1980, and Hunt’s brothers silver market cornering failed due to their inability to meet a margin call during falling silver prices in Mar 1980, exacerbating the fall in precious metals). It is an interesting mix of these events which resulted in the roller coaster gold prices in 1980."
You are right, it isn't a get rich quick scheme.
I do believe we're in a point in history where our kids/grandkids will be learning as a major shift in our world. What that means is still to be played out as I do not know.
This isn't the 70's nor the 80's, no the 90's. It wouldn't surprise me to see Gold used as a currency standard again....it's been respected & valued & trusted for 5k years and during this time every Fiat Currency has failed. Why is the USD any different?
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Quote Originally Posted by Fishscale:
Chill son. The good thing about gold and silver is it's intrinsic value. It isn't a get rich quick scheme though. And at the end of the day it's "precious" because that's the value the world has stamped on it.
But...It's when outside factors try to manipulate the price when people get into trouble and the price fluctuates. The majority of folks looking to invest in gold and silver have tunnel vision and plan on flipping it within a couple years.
But that's just my stupid ass opinion.
"CPI and inflation fears set the general trend for gold prices (though they are not always correlated). But a dramatic spike and fall in gold prices were caused due to a combination of extreme geo-political events (Russian invasion of Afghanistan in Dec 1979, Iran hostage crisis) and strong and unconventional policy actions and market events (the Fed under Volcker increased fed funds rate from 13% to 20% for a short period in Q1 1980, and Hunt’s brothers silver market cornering failed due to their inability to meet a margin call during falling silver prices in Mar 1980, exacerbating the fall in precious metals). It is an interesting mix of these events which resulted in the roller coaster gold prices in 1980."
You are right, it isn't a get rich quick scheme.
I do believe we're in a point in history where our kids/grandkids will be learning as a major shift in our world. What that means is still to be played out as I do not know.
This isn't the 70's nor the 80's, no the 90's. It wouldn't surprise me to see Gold used as a currency standard again....it's been respected & valued & trusted for 5k years and during this time every Fiat Currency has failed. Why is the USD any different?
I do believe we're in a point in history where our kids/grandkids will be learning as a major shift in our world. What that means is still to be played out as I do not know.
This isn't the 70's nor the 80's, no the 90's. It wouldn't surprise me to see Gold used as a currency standard again....it's been respected & valued & trusted for 5k years and during this time every Fiat Currency has failed. Why is the USD any different?
Well said.
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Quote Originally Posted by FrozenTundra:
You are right, it isn't a get rich quick scheme.
I do believe we're in a point in history where our kids/grandkids will be learning as a major shift in our world. What that means is still to be played out as I do not know.
This isn't the 70's nor the 80's, no the 90's. It wouldn't surprise me to see Gold used as a currency standard again....it's been respected & valued & trusted for 5k years and during this time every Fiat Currency has failed. Why is the USD any different?
Did this guy say silver is going up to $1500? Go back to the drawing board. If you're looking to invest, fine. But there are no get rich quick schemes in the market.
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Did this guy say silver is going up to $1500? Go back to the drawing board. If you're looking to invest, fine. But there are no get rich quick schemes in the market.
i am not looking to get rich quick, I am looking to buy and keep it for the long haul. I really would appreciate advice from someone who knows whats going on and if in fact silver will rise like people are speculating
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i am not looking to get rich quick, I am looking to buy and keep it for the long haul. I really would appreciate advice from someone who knows whats going on and if in fact silver will rise like people are speculating
i plan on purchasing it in physical form... not the certificate
IMO.
The pros of buying physical gold/silver are numerous. Although the price may not get too much higher, (I predict we would see $2500 within a year), it does have intrinsic value.
Basically, if you believe that the markets will turn back around, the dollar will be fine, and the global economy will find itself again, then gold may not be your best choice. If however, you believe the capitalist system, fiat currency, and living beyond our means are doomed to failure, THEN BUY GOLD.
If the world's economy goes bust, gold will mean alot more than paper currency. Again, the idea of intrinsic value. Dont' buy gold to flip it in a year or two, you buy physical gold to hold for economic apocalypse or preserve wealth in times of recession/inflation, etc.
I have phsyical gold. I have for a few years. I will hold it untill the day I die, and hope I never actually need it.
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Quote Originally Posted by beanz:
i plan on purchasing it in physical form... not the certificate
IMO.
The pros of buying physical gold/silver are numerous. Although the price may not get too much higher, (I predict we would see $2500 within a year), it does have intrinsic value.
Basically, if you believe that the markets will turn back around, the dollar will be fine, and the global economy will find itself again, then gold may not be your best choice. If however, you believe the capitalist system, fiat currency, and living beyond our means are doomed to failure, THEN BUY GOLD.
If the world's economy goes bust, gold will mean alot more than paper currency. Again, the idea of intrinsic value. Dont' buy gold to flip it in a year or two, you buy physical gold to hold for economic apocalypse or preserve wealth in times of recession/inflation, etc.
I have phsyical gold. I have for a few years. I will hold it untill the day I die, and hope I never actually need it.
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