Who likes SILVER?

WSC - how many times do you think you need to post your "opinions" in this thread?  OK we got it... you think the PM are a bubble - or more correctly said... you would like us to believe that you think it's a bubble.

Thanks for your input.  Now I need to go buy more silver.

Dollar goes down, commodities go up.  Read "The Creature from Jekyll Island".  This is all you need to know to invest WISELY.  Follow the Fed and you can't help but increase your "paper" wealth.

I have to give Sportsfan some credit.  He is putting his money where his mouth is.  Wallstreet, if you think it's a bubble then why don't you short silver?  Put your money where your mouth is instead of throwing out opinions that really doesn't do anything.

You can't compare food to medium of exchange.  True that you need food to survive.  But in order to exchange goods, we need a medium of exchange in a civilized society.  Let's say that there's an economic collapese and you have all the food you want.  That's great.  But what would happen after a week or a month?  Let's say you need gas for your car.  But the person with gas don't want to trade it for food.  What if that person needs a blanket for warmth or ammuntions for his gun for protection? 

What if all your foods like your steak are spoiled after a week?  You would then need new fresh and clean food.  And you have a new pair of shoe to trade for food.  But noone wants your shoe.  What would you do then?

Fiat currencies have ALWAYS gone to zero.  The Fed must create inflation to pay for the debt service it currently owes.  Gold will always retain "value".  Silver will retain "value". 

Good luck

Damn you sounds dillusional... really.  I'm not angry at all - what would give you that impression.  I'm up about 50% on my bullion in LESS THAN A YEAR.  I'm a pig in shit right now.

You are the angry one, but feel free to spin how you feel, after its an open forum lol

You are embarrassing yourself... sometimes you need somebody to tell you before you realize it.

PM's are a bubble!!! PM's are a bubble LMAO

Quote Originally Posted by wallstreetcappers:



Define "value" value relative to what?

Me thinks long term charts and real "value" relative to things other than wampum say otherwise..in the very near term these commodities have done fine, but longer term the "value" has been non-existent

It is foolish to think that if your scenario regarding currencies always going to zero happens, that there is value to anything..gold included.

By value, I just mean a product for exchange.  Gold has ALWAYS had value and will ALWAYS have value.  BTW, I am not suggesting the dollar will go to zero anytime soon.  I will say at some point the US dollar will lose all value.  You can say commodities are in a bubble.  I will say commodities will continue to rise in "dollar" value as long as the Fed continues to throw billions into the system.  I do not have any of my investable dollars in cash, everything is currently invested in stocks and in commodities.  I do not have any bonds or bond mutual funds.  I trust the Fed will continue to create inflation and this will be good for commodities and for stocks. 

Good luck with your investments.

you have basically made my point for me. If the whole world collapses, things besides gold are going to be worth way more.

If i had food, clothing, guns, bullets, fuel, etc etc am certainly not going to trade them for gold bars.  Am gonna trade for other things that i need to live and gold bars wont be one of those things. 

The prospect of the entire economy collapsing makes for great imagination and movies, but it's simply not going to happen.

The USD can and will dissolve to ZERO.  This is all but fact.  The process and speed in which it goes to zero is debatable beyond religion. 

If it were to be a hyperinflationary event, of course there would be some degree of chaos in our world for some time.  But I have no fear that we would all be living in Mad Max type of society.  Although it would not be a good time to be an anti-gun activist.

Another currency would eventually step in and provide a market need in which the USD has failed.  In the time that transpires before that currency steps in, gold, silver, pre-64 coinage, and other means will serve just fine.

I really really REALLY highly doubt that we will ever see a time when an ounce of silver, or definitely an ounce of gold will be worthless because you cannot eat it.  Just my opinion.

But if you prefer to stockpile a currency that can be consumed... many survivalists believe that whiskey and cigarettes will be very tradable in tough times.  I plan to stockpile 'shine, but I seem to keep consuming my stocks =]