Silver about to pass $40/oz!

[75th]

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?

lol

 

[75th]

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.......

The real one.

I wonder if you even bother to read the Fed minutes?

 

[jokerswild]

The real one.

I wonder if you even bother to read the Fed minutes?

Oh yea, I trust the Fed..............

 

[75th]

Oh yea, I trust the Fed..............

Well, seeing as how they are the ones instituting the QE and have control over interest rates, you should probably listen to what they say they are planning on doing. I would be surprised if you even knew the Fed released minutes letting investors know what to expect.

Wanna know what the last minutes said? No additional QE, and and tightening very possible prior to Q4 due to inflationary concerns.

Be sure to drop me a line in 6 months after silver goes through a 40% correction. The rest of us who know what we're doing (ie those of us who know that the price of gold and silver these days has very little to do with supply and demand) will be over here making money via smart decisions. You're always welcome to join us.

 

[-SD-]

I cant really add anymore that hasnt already been said but i know that silver, as a commodity, is subject to volatility and unpredictable swings in price that doesnt lend itself to traditional investment strategies.

 

[75th]

If youre dumb enough to buy silver now (ie after a 120% increase in 18 months) youd only want to allocate maybe 5% of your portfolio.

Then again, were talking to Glad...the guy who wanted to get in to flipping houses at the beginning of '08.

 

[jokerswild]

Well, seeing as how they are the ones instituting the QE and have control over interest rates, you should probably listen to what they say they are planning on doing. I would be surprised if you even knew the Fed released minutes letting investors know what to expect.

Wanna know what the last minutes said? No additional QE, and and tightening very possible prior to Q4 due to inflationary concerns.

Be sure to drop me a line in 6 months after silver goes through a 40% correction. The rest of us who know what we're doing (ie those of us who know that the price of gold and silver these days has very little to do with supply and demand) will be over here making money via smart decisions. You're always welcome to join us.

No thats not what they said, they acually couldn't agree on QE3 or raising interest rates, they dont know what the hell they are going to do....

 

[jokerswild]

Tell you what 75th, I'll lay it out there, I'm calling $50 this year, thats a 25% profit from where it is now, its already up 30% this year, if silver doesn't hit $50 this year I will never post on elitefitness.com ever again. If it does hit $50 you can leave, what do you say????

 

[75th]

Like I said, I bet you dont even bother reading them.

And lol @ your ultimatum. I never said silver wouldnt hit $50 or some other arbitrary benchmark. I said it was a shitty investment and people like you, glad, and everyone else who gets their financial knowledge from youtube videos and doom & gloom blogs who are buying it in anticipation of 1970's style hyperinflation or the collapse of the dollar are retarded.

Pretty much every respected commodity trading or consulting group has said that silver above $37-38 is expensive. You guys keep talking about "supply and demand" as if the fundamentals pointed anywhere close to that direction, yet you don't bother on understanding the implication of net long positions that hedge funds have been taking over the past few months. You're officially no different than the suckers who bought oil @ $125.

But, like I said, by all means keep going.

 

[jokerswild]

Like I said, I bet you dont even bother reading them.

And lol @ your ultimatum. I never said silver wouldnt hit $50 or some other arbitrary benchmark. I said it was a shitty investment and people like you, glad, and everyone else who gets their financial knowledge from youtube videos and doom & gloom blogs who are buying it in anticipation of 1970's style hyperinflation or the collapse of the dollar are retarded.

Pretty much every respected commodity trading or consulting group has said that silver above $37-38 is expensive. You guys keep talking about "supply and demand" as if the fundamentals pointed anywhere close to that direction, yet you don't bother on understanding the implication of net long positions that hedge funds have been taking over the past few months. You're officially no different than the suckers who bought oil @ $125.

But, like I said, by all means keep going.

Just as I thought you wouldn't take the bet. Surely with all your investment insight and research you could say without a doubt that silver wouldn't go up 25% in less than nine months after all the shit you have talked?? Maybe you can put a call in to your friend Ben Bernanke, im sure he can you lend some advice......