Silver about to pass $40/oz!

[bran987]

wait, did you say you have $1,250 of silver? And it's $40 now, and you are hoping for it to go to $50 with all your life? So that's about what.. something like a few hundred bucks? Just go work at Starbuck's for a few days instead, this is ridiculous. Glad, what is going on here.

 

[the.gladiator1987]

Haha no. My goal is to have $1000 face value of silver. By the time I get that and wait till silver is 150/oz, ill have 100,000

 

[b0und]

b0und.... youre an idiot. If something has been steadily increasing in price consistently and rapidly over the past few years, naturally the only direction it will continue to go is up.

Wut?

Why am I an idiot?

If something has been steadily increasing in price consistently and rapidly over the past few years, naturally the only direction it will continue to go is up.

You're being sarcastic right? You cannot be serious?

You confuse me, dude.





b0und (and learn how to spell)

 

[lartinos]

Haha no. My goal is to have $1000 face value of silver. By the time I get that and wait till silver is 150/oz, ill have 100,000

You are serious?

 

[jokerswild]

$40 and climbing, Glad it has been a while since we have seen any sort of correction, I think we are due for one soon, not a bubble but a correction, there is stong support around $35, we may trading in that range soon, then the next stop, $50.....

 

[75th]

Wut?

Why am I an idiot?




You're being sarcastic right? You cannot be serious?

You confuse me, dude.





b0und (and learn how to spell)

Of course Im joking.

And lol @ a correction but not a bubble. I wonder what fundamentals are being closely looked at here.

Cue "wtf we keep printing money lol u guys are idiots watch this youtoob video."

 

[b0und]

Ok, maybe next time you could just make your point rather than calling people idiots, etc.

The article I posted takes an extreme contrary view. I said 'check it out', didn't say I necessarily agree with it.

I still think there is a significant downside risk in the near/immediate term for both gold and silver. Mainly because of the sharp recent rally.







b0und (2 cents)

 

[Lumberg]

Problem with an ETF is that they are not backed with physical silver,
I will eventually get into ETF's once I have established a good amount of physical silver. Actually the PHYS stock is by Eric Sprott, and he actually backs his ETF's with physical silver guaranteed

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?

 

[75th]

In what kind of real-world event would it make an actual difference if your ETF were backed 100% by physical stores of silver?

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

 

[stevesmi]

Gladiator, i'm with you on $50 silver this year, anyone who hasn't been investing in precious metals is a fool. The dollar is done, toast, stick a fork in it, too much money printing, intrest rates have been too low for too long, masssive inflation is happening right now as we speak. The GSR has been falling steadily and now sits around 37:1, it will keep falling and silver will keep going up. My advice to you is don't buy paper silver, that BS about taking a 25% hit through a broker is BS, you can sell physical silver to my deal right now for less than 5% under spot, paper silver is worthless as there is not enough pysical silver in the world to back it up. What ever you do, hold your position, if you can buy more great.....

prove that ridiculous assumption

and dont say "cause gas is going up" food and energy prices move on supply and demand, not inflation.

here are the facts. it takes 2 seconds to look them up http://www.inflationdata.com/inflation/inflation_rate/currentinflation.asp i hardly think 2% is "hyperinflation" the definition of hyperinflation is 50% a month, not 2% a month.