Dead cat bounce??

In 2005, I bought a 50 OBW roll "brick" of 1955s Roosevelt dimes for $1850 ($37/roll)...everyone said what an idiot I was for spending so much.

 

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Cats have nine lives..so they say. I think silver will go up again, but probably go down further, first.
I'll hold for the long term. I don't believe the trend has changed.

Just my opinion.

Lucy

 

yakpoo...careful. there are a few trolls who do not understand the foresight of long term investment...who only think THEY know when, what etc to buy. and whats in my safe too....SMH

nice buy. i would have high fived you

 

That's why I like "numismatic" silver/gold. Even if PMs tank, numismatic values rise over time (hopefully).

 

:high5:

 

I really want to highlight this - this is the great "secret" and the wise will heed it.

 

No, the unwise will heed it. Demographic trends and a cashless society will ensure that numismatics do poorly going forward- even worse if counterfeiting becomes even easier.

 

Reminds me of when I was in chemistry graduate school and us teaching assistants were running an experiment that used silver nitrate. I showed another student how to get the pure silver by putting copper in the solutions. He collected all the left over silver nitrate from the students, precipitated the silver with copper pipe, and melted the powder into a lens looking disk in the bottom of an evaporating dish. Two ounces of silver. I remember congratulating him for his $4 in silver for all that work.

 

Lets stop the bickering. Rysherms, Danr did not make any such comments to you, he was replying to the person he quoted. You should know who you were bickering with, as you quoted their comment. Be wary of the use of the word 'troll' on the forum as there are rules about respect. You might read them if you haven't. You can argue your point ( what ever it might have been), but let the personality go. On the net, all of us are anonymous, so anyone could be painting a false picture of their accomplishments and abilities. Thanks, Jim

 

I'll wave at you when you are in the soup line

 

rysherms,

I was the one that made the statement that offended you, not Danr. I did it for a reason. Jim has asked everyone to stop the bickering, so it is best to keep it off the forum. I am not the type though to "hit and run" so I will give you a chance to say whatever you want to me and I will explain how I "know". I am going to PM you my e-mail to give you your shot. So there you have it.

Mike

 

I read the title of this thread and instantly thought:

"Is the cat alive, dead, or both?"

 

It's both, until you open the box

 

What if the unopened box bounces?

 

Then shoot it with another photon.

 

Let's just agree that everyone is a genius when they are behind a keyboard. All got amazing grades at a great university while meeting their hot wife and buying silver at low prices. Also invested in facebook before myspace got hot and then sold before the ipo......way to go guys, now can we stop the cyber fighting, it is unbecoming of a sight as great as this......thanks.

 

I'll just keep on buying like I always do. Consider it to be like "dollar cost averaging". I'm in it for the long haul.

I personally think precious metals are being manipulated. Central banks and foreign countries are taking physical possession of PM's. Other banks are being forced to sell to stay solvent. Mint sales of PM's are soaring on this dip. When China and Russia decide to pull the trigger and force prices higher, I'll start selling.

 

Why is it hard to believe that someone was buying silver before the price went up?

 

thank.you.

 

Both China and Russia have tried this, but China's attempt to form an exchange similar to comex, but based on a different basket instead of the USD failed because of mistrust in China's banking industry and currency manipulation. Russia had the gold to try and manipulate prices, but they found it more lucrative to convert it to Euros and USD to play the forex, stock and other markets. The other 2 of the BRIC, India and Brazil have similar or worse problems. Every country wants to bias exchange in their direction. So China strongly manipulates rare earths, Russia strongly manipulates Diamonds and other minerals, but it is legal within their country, thus trade sanctions are sometimes used to more evenly balance trade.

As far as manipulation. I agree there is legal manipulation, as with all things of value from real estate to base commodities such as food and steel, rare earths, etc. Meaning that it is legal within the country context. As far as illegal manipulation , a small amount of that occurs, and because laws move slowly, it may be years before it is resolved. It is easy to say illegal manipulation occurs, but until proven in court of law, one can not say that it is so. Many financial instruments and actions may be thought as illegal because they are not understood well, IMO.