Silver about to pass $40/oz!

[stevesmi]

here's an easy read, make sure you read the paragraph titled "Risks"

Quantitative easing - Wikipedia, the free encyclopedia

we've ALREADY had quant. easing. do you even know what you are talking about?

the next step for the fed is to TIGHTEN. the easing is over.

I'm not argueing for or against silver as an investment.. but I am argueing the nonsense you are posting. and silver is not a cyclical, nor does it run inverse to the economy or the dollar as you want to believe.

you aren't investing in Caterrpillar or GE here. silver is a commodity.

 

[stevesmi]

Im not going to try to convince you, the proof is in the pudding, if you don't think the dollar is in trouble you are not living in reality, doomsday, I'm not going that far but there will be a faltering/collapse of the dollar and there will be a push for a worldwide currency. .

the US dollar index is flat over the past 5 years.

I already posted a chart on another thread showing that the US dollar does better when the stock market goes down. and it does poorly when the stock market goes up. but overall it stays very stable.

the stock market, commodities meanwhile are extremely volatile.. capable of moving 20-30% in a months time. you could argue the US dollar is one of the safest and stable investments out there, although obviously you wont make or lose more then a few percent.

silver is capable of being up big or down big.. in Jan it dropped almost 20% in ONE MONTH! and then its gone up 30% since then. so its a very volatile investment anyway you slice it.

in fact here is a chart of the dow vs. the dollar index. dollar index has stayed almost flat. the dow has fluctuated wildly. http://finance.yahoo.com/q/bc?t=5y&s=UUP&l=on&z=l&q=l&c=&c=^DJI

 

[Lumberg]

The same event where, in the aftermath, nobody gave a shit if you had real silver or not.

Shhhh! Let OP answer!

 

[jokerswild]

we've ALREADY had quant. easing. do you even know what you are talking about?

the next step for the fed is to TIGHTEN. the easing is over.

I'm not argueing for or against silver as an investment.. but I am argueing the nonsense you are posting. and silver is not a cyclical, nor does it run inverse to the economy or the dollar as you want to believe.

you aren't investing in Caterrpillar or GE here. silver is a commodity.

No shit sherlock, everybody knows we have already had QE and there will be more, the fed is going to tighten? What world have you been living in, by the way silver was up about 3% today, more money for me.......

 

[wootoom]

dude can i have some of your money? you are str8 pimpin!

 

[jokerswild]

the US dollar index is flat over the past 5 years.

I already posted a chart on another thread showing that the US dollar does better when the stock market goes down. and it does poorly when the stock market goes up. but overall it stays very stable.

the stock market, commodities meanwhile are extremely volatile.. capable of moving 20-30% in a months time. you could argue the US dollar is one of the safest and stable investments out there, although obviously you wont make or lose more then a few percent.

silver is capable of being up big or down big.. in Jan it dropped almost 20% in ONE MONTH! and then its gone up 30% since then. so its a very volatile investment anyway you slice it.

in fact here is a chart of the dow vs. the dollar index. dollar index has stayed almost flat. the dow has fluctuated wildly. UUP Basic Chart | PowerShares DB USD Index Bullis Stock - Yahoo! Finance

Look at your own chart you posted, the dollar is at its lowest point NOW, can't you see the trend? Dont you understand the fed has cut intrest rates as low as they can go and there will be more QE, the dollar is done, come back in six months and post your chart genius, even further down, thats were the dollar will be...

 

[wootoom]

Look at your own chart you posted, the dollar is at its lowest point NOW, can't you see the trend? Dont you understand the fed has cut intrest rates as low as they can go and there will be more QE, the dollar is done, come back in six months and post your chart genius, even further down, thats were the dollar will be...

owned

 

[the.gladiator1987]

haha thx wootooom. I am str8 ballin with my silver right now. Bout to buy some more pre-1965 washington quarters too add to my treasure collection

 

[the.gladiator1987]

Yeah there is at least one ETF that holds all of it's actual value in physical silver.

Of course the fees are much higher on that one because there is a lot more overhead involved in holding all that silver, and it's much smaller than the main silver ETF.

I'm kind of new to this precious metals thing. I may have missed out on a lot of profits by getting in so late. In what kind of real-world event would it make an actual difference if your ETF were backed 100% by physical stores of silver?

You can actually see and touch your investment rather than have it be on paper. YOU always have it, the government cannot take it from you. It is a precious metal, just like gold. Actually its the same exact thing as gold except its not as rare. And it has industrial uses. When you have it, you are paying no overhead fees or storage fees. You can sell it whenever you want. The demand for silver is never going to go away.

People on this site say "why would anyone want silver, what we want is food and gas". OK, thats the same exact thing as saying"why would we want $5,000, we need food and gas." They dont understand that silver IS money. Just like the US dollar except it cannot be printed and lose its value unlike the dollar. You can trade the silver for ANYTHING, just like the us dollar is traded for anything.

The U.S. dollar is weak, the whole point people invest into the silver ETF is to get real silver back because then they KNOW they will have something of value. The dollar is getting weaker, meaning it is worth less and less everyday. Silver will always have the same value because there is only so much of it, it goes by weight, and it is easily tradeable. It is recognized as money by anybody. China is now buying up silver like CRAZY because they know the US dollar is weak. Take a look at the properties of money.

A silver quarter is going to rise in value. Right now it is worth around $7. Eventually it will be worth around $15-$20. So why wouldnt you buy them now?

 

[Lumberg]

You can actually see and touch your investment rather than have it be on paper. YOU always have it, the government cannot take it from you.

Wait so if I buy a silver ETF that holds physical stores, they deliver the underlying silver to me and let me hold it in my house? How is that different from just buying some ingots or whatever?

Or are you saying I can like, travel to New York and they will let me into the vault and be like, "OK those 15 ingots and 31% of this one belong to you?"

I don't get it. If I live far away from the vault where the silver is kept it will cost me more to get in physical proximity to it than I'm earning on the investment!