Silver about to pass $40/oz!

[75th]

I'm not necessarily anti-silver, I'm more anti-investing in things for completely retarded reasons.

If you wanna buy silver more power to you. Just dont try to convince me of some collapse of the dollar doomsday scenario bullshit you learned from a few youtube videos.

 

[The Instrumentalist]

^^^ not actually bullshit. you americans should already be convinced by your rapidly self-destructing dollar. but im not complaining, i'll keep buying cheap stuff from the states and paying with my far superior canadian dollar, JEAH!!!

and although im not taking sides, glad and joker are both very correct in their understanding of precious metals and inflation.

 

[calveless wonder]

Wow, you need to do a little research before you speak on a subject you know nothing about, start with researching Quantitaitve Easing...........

maybe you should start with spelling quantitative

 

[calveless wonder]

clearly a website named silverseek will have no agenda or vested interest

 

[75th]

glad and joker are both very correct in their understanding of precious metals and inflation.

Who here is challenging the relationship between metals and inflation?

I just feel bad for glad's kid. Bor's gonna come up to him in 18 years and ask why glad doesnt have any money saved for his college education. Glad will pull a small, brown, wrinkled paper bag out of the back of his sock drawer and dump $1,237.45 worth of nickels and quarters out of it, shake his head, and tell his son "Things just didnt work out the way I heard they would."

 

[SPEKTOR-AAA]

I wonder if at some point the global economy will adopt the "supersovereign" reserve currency that has been spoken of to take the place of the American dollar.

Enroll in an beg/intermediate ECON/FIN class if you can. Im sure ppl on here will recommend some good reads. It will help you tremendously to have a better understanding. Not saying anybodys right or wrong, it will just open some doors to give you a better idea about investing in general.

 

[75th]

Eventually, but chances are slim it will happen in our lifetime.

 

[the.gladiator1987]

Hahahaha fuckin fags, cant even provide reasons why its "retarded" to invest in silver? I'm glad some ppl finally agree with me on something lol. All u guys say is that its stupid, how bout u tell me why it is instead of beat around the bush and be Mr. Fuckin spellcheck

 

[jokerswild]

I'm not necessarily anti-silver, I'm more anti-investing in things for completely retarded reasons.

If you wanna buy silver more power to you. Just dont try to convince me of some collapse of the dollar doomsday scenario bullshit you learned from a few youtube videos.

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. Do the words "debt ceiling" mean anything to you? Lets do this, lets say the dollar recovers and the index goes back around 90ish, lets say inflation goes down and so does unemployment (wow were really stretching it now), the fact is that silver production has not met silver demand for the past 15+ years. We have feeding demand from production and stockpile, but guess what THERE IS NO MORE STOCKPILE and they have found no new silver deposits, this means WE ARE RUNNING OUT OF SILVER ON PLANET EARTH. That is as simple as I can put it. Now one may ask why has the demand went so high the past 15 or 20 years. Silver is used as an industrial metal for everything from solar panels, circuit boards, anything that requires high conductivity, there is no replacement for it. Do you see this demand going down? No of course not, that is why China is buying every ounce they can, even at these prices because they know it is going much higher. Heres a little FYI the US mint produces American Silver Eagles, they are one ounce coins im sure you have seen them, did you know they sold more ASE's Jan. of this year than any other month in history? In fact they sold so many they had to HALT PRODUCTION because the US Mint was out of silver. Now I want you to think about that, the US Mint was out of silver.

 

[the.gladiator1987]

O wow. U don't think well be on a global currency within 40 years? U guys should really just research this