Good Investment

Discussion in 'Happy Hour' started by waterbed, Sep 29, 2010.

  1. waterbed

    waterbed Mentor

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    Silverprice is now 3 times higher then last 5 years and will 1 time probably do another 3.5 more next ten years, you can find on internet why.The Risk is very little guys and if you still have doubts you can take more then 1 invest in Metals for example part silver, part Pallinium part Platinum.
    So if I had a bit more money I would do this lol.Maybe a good Idea for some of you guys. [​IMG]
     
  2. Wristshot

    Wristshot Newbie

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    I strongly disagree, the dollar is going into the crapper and gold is getting too expensive for the average joe. I think that silver will increase by at least 20x's in the next year or two. Afterall what is the national debt of Isreal's bitch? 15 trillion? The only way of paying that off is to let the dollar go into the crapper.
    Edited by: Wristshot
     
  3. Colonel_Reb

    Colonel_Reb Hall of Famer

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    imho, silver will be the most useful investment when tshtf. I recommend any CF poster buy some instead of spending fiat currency on something you don't need. I prefer circulated 90% silver Roosevelt dimes, Washington quarters, and Kennedy or Franklin halves, in that order. I also think 40% silver Kennedy halves will prove worthwhile if the dollar does tank. Silver was around $3 an ounce in the mid-90s and $12 in April-May 2009. Today it closed at $22.09 an ounce. Increasingly, the dollar is losing ground and precious metals will continue to gain ground, despite the manipulation that exists. Gold, currently being around $1,300 an ounce, is too expensive for most folks, like Wristshot said. The other precious metals may be a decent investment, but I doubt they will be as useful in a worst case scenario as silver and gold coins will be. For everyday needs, silver coins will be the norm. Gold coins will be too valuable to spend on everyday needs, although they would definitely work for large transactions.
     
  4. waterbed

    waterbed Mentor

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    silver price is now 22.69 dollar an ounce , I believe when I started this thread less then a week ago it was 21.87 dollar an ounce that is a nice 3% increase in 6 days lol.
     
  5. Amren.com

    Amren.com Mentor

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  6. waterbed

    waterbed Mentor

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    silver price is now 23.20 lol since i posted it grows like crazy 6% in 11 days
     
  7. DixieDestroyer

    DixieDestroyer Hall of Famer

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    Precious metals (gold, silver, platinum) should be sought as (real) investments. We all need to disengage from (smoke & mirrors) "investments" linked to the fiat dollar (being intentionally sank by the PTB & their Central Banking Cartel allies).

    http://www.cnbc.com/id/39604937


    Edited by: DixieDestroyer
     
  8. Don Wassall

    Don Wassall Administrator Staff Member

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    Silver continues on its roll, up to $23.90 today. The gold/silver ratio is down to 57.31 to 1. A few weeks ago it was nearly 70 to 1. Historically it's been around 16 to 1.

    Ted Butler is the leading source on the price manipulation of silver. If/when the manipulation is ended, the price may really take off. Given that it's as scarce as if not scarcer than gold and has many essential industrial uses, silver looks to be a better investment than gold.Edited by: Don Wassall
     
  9. Colonel_Reb

    Colonel_Reb Hall of Famer

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    Thanks for lending some more credence to my claims about silver, Don! I'm very surprised though, to see silver going higher again this week. Maybe the blinders are starting to fall from more eyes than I previously thought.
     
  10. Freethinker

    Freethinker Hall of Famer

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    You guys are certainly correct about silver. I bought in initially in early 08 outta fear of the coming collapse. At the time silver was around $13.50. I later bought more around $15. I feel pretty good about my investment at the moment ($24.35 as I type this).

    I wanted to buy some more a few months ago when it was sitting at 18/19 but I didn't have the capital. Now I do but I'm waiting for a dip. That's life.

    For all the Castefootballers who have yet to buy some precious metals, what are you waiting for? Don't get stuck with worthless dollars. Plus, it feels good to hold a beautiful, shiny coin that has real value and has been money for centuries.
     
  11. Colonel_Reb

    Colonel_Reb Hall of Famer

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    That's great that you've been able to invest in some AG, Freethinker! I bought some circulated 90% silver US coins back in the spring of '09 when it was around $12 an ounce. I had some that I bought at $3 an ounce back in the 90s, but an emergency forced me to sell most of it several years back. I'm going to do my best not to let that happen again.
     
  12. Wristshot

    Wristshot Newbie

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    I remember watching on TV when silver was about 12 dollars an ounce some guy said that it would go down drastically in price. Then he said that gold and silver were both useless. Yeah right, gold has many industrial applications and silver has hundreds with new ones being discovered all the time. The host who is supposed to be a towering intellectual didn't say anything about that comment.
    There are some great articles today about the economy at the website- The Daily Reckoning, I also recommend the blog The Golden Truth.Edited by: Wristshot
     
  13. waterbed

    waterbed Mentor

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    http://www.theaustralian.com.au/bus...ing-silver-price/story-e6frg91o-1225944590036

    JP Morgan and HSBC are being sued for allegedly manipulating the price of silver futures by "amassing enormous short positions".
    Two separate lawsuits filed in a Manhattan federal court alleged that by managing giant positions in silver futures and options, the banks have unfairly influenced the prices of silver on the New York Stock Exchanges' Comex Exchange since early 2008.

    The lawsuits come just as the Commodity Futures Trading Commission has been in the midst of a high-profile, two-year-old investigation of the silver market which has turned up documents that could suggest there have been attempts to manipulate prices.

    JP Morgan and HSBC both declined to comment on the lawsuits.

    A suit filed by Peter Laskaris, a New York trader of COMEX silver futures and options contracts, alleged the banks colluded on the silver market and informed each other of large trades.

    Start of sidebar. Skip to end of sidebar.
    Related CoverageJPMorgan, HSBC accused of silver fix The Australian, 2 days ago
    Gold price jumps to new record The Australian, 13 Oct 2010
    Gold hits new record high Perth Now, 6 Oct 2010
    Silver looks ready to rip The Australian, 20 Sep 2010
    Gold slides to a six-week low The Australian, 6 Jul 2010
    .End of sidebar. Return to start of sidebar.
    It said the banks used their large positions to effect the market by "flooding" it with a disproportionate number of orders and "reaped hundreds of millions of dollars, if not billions of dollars in profits from their unlawful and manipulative suppression of the prices".

    The suit said JP Morgan and HSBC in August 2008 together held 85 per cent of the net short position in silver and by the first quarter 2009 held $US7.9 billion in precious metal derivatives.

    The other lawsuit filed by Brian Beatty, who also traded silver contracts, said he was hurt by JP Morgan's alleged anticompetitive acts and market manipulation. Specifically, the suit said Mr Beatty, a Connecticut resident, bought and sold silver contracts on August 14 and August 15, 2008, when the price of silver suffered an 18 per cent drop from $US14.86 to $US12.23.

    The suit by Mr Laskaris further alleged that when the public began complaining about the banks' high positions and the government began an investigation in March, silver prices went from underperforming to outperforming the price of gold.

    The silver market, no stranger to controversy, has long been the focus of manipulation theorists.

    At a CFTC hearing on Tuesday to consider new rules to strengthen its commodity-enforcement powers, commissioner Bart Chilton said market players have made "repeated" and "fraudulent efforts to persuade and deviously control" silver prices.

    JP Morgan and HSBC traditionally have been big players in the silver market.

    A CFTC weekly report for October 19, the most recent period, shows that less than four market players hold 24.3 per cent of all net bearish bets in the silver market.

    JP Morgan and HSBC are among those market participants, The Wall Street Journal reported, citing silver traders and a person close to the investigation.

    In recent months, however, the banks with large futures positions have sharply reduced the size of their holdings.

    Michael Purves, chief equity strategist and head of derivatives research at BGC Financial, said talks of silver manipulation are nothing new. But lawsuits are pretty uncommon.

    "What you're seeing is a developing pattern," Mr Purves said. "Chilton on the top, traders from the trenches, this is part of an interesting string of developments. If the allegations are true, this is a big deal and it becomes a giant PR issue that the central bank will eventually have to deal with."

    The lawsuits request the banks' "unjust" enrichments from the collusion and manipulation and are seeking class-action status.
     
  14. Don Wassall

    Don Wassall Administrator Staff Member

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    As I write this, silver is up over 4.5% just today and is sitting at $26 an ounce. I can't remember it ever going up over a dollar in a single day like it has today. The gold to silver ratio is currently 53.21 to 1, down from almost 70 to 1 a couple of months ago before silver took off.
     
  15. Colonel_Reb

    Colonel_Reb Hall of Famer

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    Me either Don. I've seen it jump around .75 cents or so in a day, but not this much. I keep waiting for a dip in the price to buy more, but a 2-3 day dip hasn't happened lately.
     
  16. waterbed

    waterbed Mentor

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    I bought 20 troy ounce coins and some dutch silver coins from history some weeks ago not much but that I was able to buy.
    Yes, when the price go up it is more difficult to buy so a rise in price is good for the people with a lot of silver but less good for the one with not so much and not good at all for people with only Valuta money esppecially the dollars.Do you guys think this was the last time a lot of dollars were printed or would they continue this politics as long as economie is down and would the Republicans do it too? this will be a bit corrleated with silverprice, becuase you US is still important for the world economics

    Also you know that you have some save bet with silver as long as silverprice is too low to make it a good idea to recycle silver much, but I have no idea how high te price have to be for profit recycling.
    Gold is still rising but less becuase of recycling and that maybe like Colonel Reb is said to expensive for most folks.

    If you bet dollars everytime dollar are printed a lot on american index that gap dollar-euro will get bigger you can make good profit too, seems to me like a safe bet lol.
     
  17. Westside

    Westside Hall of Famer

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    Hey I just bought a solid silver "Death's Head" ring from Courts and Hackett. They are the designer's of Keith Richards famous skull ring he always wears.

    The ring I purchased is a more detailed version of Keith's and really cool! Check it out at Courts and Hackett site.
     
  18. whiteCB

    whiteCB Master

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    What websites are safe for buying silver bullion? What sites have you guys' personally used?
     
  19. FootballDad

    FootballDad Hall of Famer

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    I've used APMEX quite a bit over the years, as they have a very small markup over spot, and don't have you work with some commissioned broker-person, whose job is to rip you off.
     
  20. Don Wassall

    Don Wassall Administrator Staff Member

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    Since you're in Ohio somewhere, WhiteCB, there are coin dealers in every large city that buy and sell silver. I'm sure Cleveland, Cincinnati, Columbus and other cities have them. Do some research and find a reputable one and you can drive to him and pick up your purchase yourself.
     
  21. Don Wassall

    Don Wassall Administrator Staff Member

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  22. Colonel_Reb

    Colonel_Reb Hall of Famer

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    Ditto what Don said, CB. I'd recommend talking to individual coin dealers in your area and ask each one what they are selling "junk silver" for. Junk silver isn't really junk at all, it is composed of circulated 90% silver pre-1965 U.S. coins, dimes, quarters and halves. I usually buy by the roll, 50 dimes per roll, 40 quarters, 20 halves. It is worth it if you call every dealer in your area, as you will find some who have more than others and some who will sell it cheaper than others. I had a good friend who was a coin dealer in Louisiana, but sadly he passed away almost 3 years ago. I do know of a good dealer in Illinois that usually has plenty of rolls to sell. I also buy individual lots of 90% U.S. silver coins on ebay. Keep up with silver prices day to day and find as many dealers/sellers as possible and you'll find some good deals.

    Some people prefer buying 1 ounce .999 silver bullion rounds or 10-100 ounce .999 silver bullion bars to buying circulated silver coins, but I'm not one of them. If/when TSHTF, coins with well known silver content, and especially smaller coins (dimes, quarters), will be more useful and practical from day to day.
     
  23. qj

    qj Guru

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    I've been involved in the silver market for about 9 years now and watch the price patterns on a daily basis. The banksters (HSBC and JP Morgan Chase) used to be able to drive the silver price down at will. Between 8 and 12, they would just smash the price, trip the stops of the momentum traders, and then the price would cascade down. Ring the cash register. Wash, rinse, repeat. However, their Achilles heel has been the lack of above ground (and below ground) physical silver. Because the shorts have continuously and artificially held down the price of the shiny and useful metal, there's been no incentive for the miners to bring more silver to market. So now we have much less silver above ground than gold, and unlike gold, silver is absolutely necessary to run a modern society.

    There is so little above ground supplies of silver now that the silver market simply will not be able to accommodate the investors' appetite for the physical metal without a price explosion. The Powerz and the silver users cannot afford to have investors buy the physical metal which is happening now. There is no above ground stock to speak of at this point. The United States produces about 40 million oz of shiny stuff a year, and about 30 million silver eagles were sold last year. The trend of physical buying is up, up, up. The silver users absolutely need the metal and cannot have a bunch of individual investors go and buy up their metal like the smart guys on this forum. Yet, it's a free world, and the smart people all over world--especially the Asians--are buying, and buying and buying, to the extent that the usual attempted price smash downs by the banksters are now failing.

    I noticed a few months ago that any attempt at the 8-12 smash down was met with an abrupt turnaround. The daily price action has fundamentally changed and the big shorts (banksters) on the futures markets are being overwhelmed by PHYSICAL buying of the beautiful and useful stuff. The tag along small fry paper shorts can no longer rely on the easy money and have to cover their shorts now. Even with the recent price action, there's still a huge bankster short position that has to be covered--Ha, ha!! The weaker shorts where shaken out at 25-25.50 which rocketed our shiny friend even higher. The banksters then tried another smash down just before helicopter Ben whacked the champagne bottle across the bow of QE-2, THE MONETARY DEATH SHIP. Ha, ha. The downdraft last a hour or two and then the physical buyers came in with a vengeance and launched the shiny rocket once again as the declawed banksters observed helplessly on the financial tarmac with their fat bellies STILL stuffed with oversized short positions that still need to be covered. Sooner or later, they're going to have to puke those shorties up. Ha, Ha!!

    Adding even more fuel to the fire is the fact that a CFTC judge and CFTC
    commissioner have recently admitted that manipulation is occurring in the
    silver market. The smart money has learned that the silver price has
    been artificially held down. They smell the blood and are buying on any, any price
    weakness. They have deep pockets and the silver market is really
    small, small enough that a few billionaires and thousands of individual
    small investors can route the paper manipulators. JP Morgan-Chase and
    HSBC are being sued for manipulation in the silver market as I write.


    We may get a little downward action here but I kind of doubt it will amount to much of anything. The fat silver shorts are utterly trapped and will need to cover. The best they can hope for is to briefly drive the market down and cover which then drives the price right back up as the physical buyers pounce (cat and mouse). The trapped shorts my get overrun at any moment, and if this happens, silver could easily DOUBLE in a matter of weeks. The gashed and bloody bodies of the paper shorts will litter the field as the smoke clears and the longs shout in triumph. In a way, I hope JPM and HSBC succeed one last time so we can all buy the good stuff at even a cheaper price.

    My sources are saying China, the world's #3 silver producer, has announced that silver exports from China will plunge 40 percent. The physical silver is a very small market, just in the billions (not trillions) of dollars. Gold is much, much larger, and unlike silver, central banksters still have gold to sell into the market in order to suppress the price of gold. The paper silver market is much larger than the physical silver market, and there have been many more dollars of paper silver sold and pledged than there are silver ounces above ground. THE PAPER PROMISES/OBLIGATIONS HAVE ALREADY BEEN MADE. It will not take much physical buying (and hoarding) to completely overwhelm the paper silver market and the paper shorts. This is likely happening RIGHT HERE, RIGHT NOW!! Silver users will continue to need the real stuff, so sooner or later, they are going to panic and stockpile all the physical silver they can in order to survive as investors continue to pile into physical silver in a desperate attempt to save themselves financially. As the investors and users pounce on every crumb of physical silver available, the big silver shorts will be completely overrun and the price will gap higher and higher as they are smashed and have to cover. At that point, panic will really set in as the silver users go crazy on each ounce of silver that may become available. Quarterly reports from mining companies will show monster earnings, feeding the greed of the equities investors, especially the momentum idiots. At the same time, the media will be finally forced to really cover the silver story which will eventually attract Joe Sixpac, and the silver (and gold) frenzy will intensify even further. At this point, the price will explode even higher, perhaps to $200.00+ per ounce, and just about everyone will be talking silver, silver, silver. Well, you and I will know what to do at that point.

    Yes, I see silver at $50+ in a very short time as the silver shorts are smashed. The Asian billionaires are pouncing on every shallow pull back RIGHT NOW. It's cat and mouse time. The strong Asian physical buyers are the cat, and the shorts are the mouse. Metals share prices will also explode because there are heavy, heavy criminal naked shorts on the miners as well. The price explosion to $50+ will hold, then the silver users will panic as the investors keep buying and buying the physical as all trust in paper silver erodes. This will vault the price even higher as there is no where near the amount of silver to even satisfy current demand, unlike 1980 when the refiners were choked with several months of backed up supply at the top. The public will finally jump in and the craziness will launch the price to $200+. Perhaps the price will then stabilize if the miners are not taken out by greedy and envious BigGovCorpocrats. If the miners are squeezed by the politicians via taxes (windfall profits, capital gains confiscation, etc.) and nationalizations, the shortages will intensify even further, and the price of the metal will get even crazier.

    In the last silver bull, the price of silver went up about 38 times from a $1.29 to about $50.00. The price of gold when the bull started was $35.00. There was plenty silver above ground and available at the end of the bull and the refiners were choking on supply. Even so, the price of silver at the end of the bull exceeded the price of gold at the beginning of the bull. The silver/gold ratio at the end of the bull was 16/1.

    In the present silver bull, the price has risen about 6 and a half times so far from $4.00 to about $26.75. The price of gold when the current gold bull began was about $250.00. The stockpile of silver has evaporated. The silver refiners are not backed up at all. Yet, silver has not even come close to matching its previous nominal high in 1980, unlike gold, which has exceeded its nominal high of about $850.00 in 1980. Big Ben and his merry band of counterfeiters are destroying the fiat dollar and economic conditions are much, much worse now than in the late 1970's. Certainly a 38x price increase in silver is a low ball figure in the current bull. That would put silver at about $156.00. However, silver will likely exceed the price of gold at the beginning of this bull just like what happened in the last bull which is over $250.00.

    Jim Sinclair accurately predicted the price of gold at the top of the last bull ($850) by taking the amount foreign debt owed by the USA and dividing it by the number of gold ounces held by the USA. Using this calculation, the price of gold in the present bull will reach $10,000+. In my opinion, the silver ratio likely get close to the historical 16/1 ratio. That would put silver at $625+ per ounce.

    What am I trying to say? Buy, buy, buy!!!!

    Buy all the physical you can as the price will likely to keep going until the public frenzy pushes the price into the stratosphere. Again, the silver shorts and silver users simply cannot afford to have silver investors buy the physical silver stuff. Just not enough to go around, and the silver users must have it and will pay $200.00+ per ounce for it. Once the public comes in, you got about 1-1/2 years, then the price may collapse again. There is no hint of this at this time, though, as Joe Sixpac is still clueless about silver and gold, although my sources are saying more and more people are taking an interest in real money. Can you imagine what's going to happen when the general public finally learns there is less silver supply above ground than gold?

    Some of my sources:

    JSMineSet
    King World News
    Harvey Organ
    Bob Chapman
    Money and Markets
    Financial Sense
    Jim Willie
    GoldSeek--Chris Waltzek
    CMI Gold and Silver--Bill Haynes
    Silver Bear Cafe







    </span>Edited by: qj
     
  24. qj

    qj Guru

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    Great article, Don.
     
  25. Don Wassall

    Don Wassall Administrator Staff Member

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    Silver is up another 3% today, sitting right now at $27.58 an ounce. This is the best silver has ever done, except for that brief period in 1980 when it shot up to $50 for a few days before collapsing downward.
     

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