Buying silver bullion for the big payout?

Silver may not be used in boards but they do have silver in most newer keyboards...silver mylar is used in them

 

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Yet at the same time, there is a growing body of research in the field of thermoplastics and electrically conductive polymers. Making the assumption that a metal will always be a big industrial metal is flawed. As is the case with anything, when the price gets too high, necessity (the mother of invention, I'm told) finds an alternative.

 

The price of Gold and Silver is not going to always be expensive and go up because its used in all that crap lol. Its because we have a fiat currency, our government is printing 85 billion paper dollars a month, this makes the dollar go down in value. Here soon there will be an economic collapse and everyone will rush to gold and silver. Just Youtube Mike Moloney.

 

Yeah, I ALWAYS believe the prognosticators of doom and gloom. They have been right repeatedly since the late 70's, saying the exact same things over and over, and were right over and over.

Oh wait....reverse that.

As for creating $85 billion a month, we have been creating a LOT more than that a LOT longer than the last few years. All US bonds are the real USD.

My main issue with the doom and gloomers is they treat buying PM as a religion. ONLY pm will be able to save them, so therefor there is simply no critical thinking involved. Kind of hard to discuss an investment decision if one side is religiously devoted to it. If NOTHING will ever change your mind about pm, if any possible thing I say is irrelevant due to your convictions, then there really isn't any need to discuss it save for "converting" others, right?

 

Well, we have been hearing that for quite some time. The majority the stacker crowd said we would be there already, but that just did not happen. For folks that followed that philosophy, they have seen their wealth evaporate, which is ironic since that is exactly what they said they would prevent by loading up with gold and silver. In addition, instead of being closer to financial peril, we are moving farther away. So why would this time be any different? Why is 2014 going to be different than 2013 was?

You know, its time to give Ben B. a little credit, he said the money could be absorbed without triggering high inflation and he was right. Remember this a man who graduated #1 in his class in HS. He taught himself Calculus because it was not offered in his High School, graduated from Harvard, and earned a PHD in finance from MIT and yet he is the moron. More important than all of that though, HE WAS RIGHT, and yet, we have a constant barrage of folks claiming Ben and the rest of these guys are a bunch of idiots, when the stcker crowd has been 100% WRONG about, well, everything. In addition, what are the credentials of these self proclaimed financial wizards, most got their financial education from a online subscription to the goldenjackass.com

Now don't even get me started about fiat currency, I swear it must be the happiest day in a stackers life when he learns the meaning of fiat. The stackers all say they hate fiat and it will be the end of life as we know it, but they have proven time, and time again, most don't even understand what currency is supposed to be used for.

So stick a date on this supposed finance collapse and we will re-visit then.

 

Calling the stacker crowd 100% wrong is wrong. Not all stackers got into stacking in 2011, when there was a run up, first in silver and then in gold. You continue to look at things in a very short term vacuum. Do you think that is 100% right?

 

Peace, you are correct, 100% was an exageration, but you have been around for a while and you have seen all the predictions come and go, with most of them going down in flames. Give me your HONEST estimate on predictions of our stacker friends. I will revise mine to 95%. How about you?

On the flip side, how about the more conventional investors, how did they do? I'm giving them a 20 % wrong What do you say?

 

I agree Peace. I know it doesn't sound like it sometimes, but I consider myself a stacker. I simply disagree with buying at current prices, and disagree with most pm prognosticators who predict the end of the world. My view is to buy on dips, hold long term, and have as part of an overall portfolio.

People here may consider me anti-pm, but to the rest of the world I am known as a pm believer.

 

Silver is always going to be silver, it might go up an down but wont ever be zero. The dollar will always go down as it has been. So on that note i will keept collecting silver, becides i love collecting coins so this just gives me a reason to do so more.

 

I disagree Chris, as you are aware, the stacker community has never welcomed you as one of their own. One of the reasons is one of the core beliefs of a stacker is an heavily overweighted bullion. Just liking silver does not a stacker make. Hence you are banished to the world of traditional investors

 

dup post

 

There is a huge difference in collecting silver and investing in silver. If you enjoy silver and the budget allows go for it, you don't even need a reason except that you like it.


Your justifications just don't hold water though. I mean so what if silver won't ever be zero, from $48 to $21 is still pretty dang bad and it will be worse if it goes to $13. As far as the dollar always going down.... this is what I was talking about. Read Chris's post on the value of the REAL dollar, he made excellent points how the dollar actually went up. If you buy into the theory that the fact the dollar has lost 98% is a BAD thing, you need to really understand how it is ALL relative and dollars are to be used for a medium of exchange and not a store of wealth.

 

Currency, its just a piece of paper, when this world goes to EDITED !, which I really believe it will, no im not a doomsday believer, but i do believe something dramatic is going to happen whether its a world war or an economic collapse, that piece of paper wont be worth anything. The one good thing about Gold and Silver is that they are the same with every country, and I wont be stuck with a bunch of useless currency only used in America. I dont trust the Government as well as nobody should, they have been doing to much corrupt things for me to trust them anymore, which is why I'd rather buy silver then have a bunch of numbers in my 401k that they are allowed to gamble with in the stocks. To each his own, I feel putting my assets into something I can hold, that has been a value on this earth for thousands of years is better then a bunch of paper and numbers.
You have been a member long enough to know better about language.

 

I'll base my response only on what I read and hear.

First of all, the anti-paper money sentiment has been around as long as paper money has been around. It's nothing new, and you only need to read US history to know that Thomas Jefferson has many quotes that are anti-paper and anti international banker.

Second, about 1/2 of the people that I know that jumped in at or near the run ups in 2011 are still in, and I'm not sure about the other half as it appears they fell off the edge of the earth (being flat and all), so I guess we could state most of them either sold and took their loss or moved in another direction.

Third, hard asset people, those that believe in silver and gold as hard assets, believe in them for their own personal reasons, and for the most part don't lament the nickel and dime changes in price. For the most part they try to buy dips or use PMs as a savings, and as many other reasons you can or cannot imagine, but they're usually just adding to it.

 

Lot of cliche's here, so Currency is just a piece of paper? Prove it? Send it to me. I have asked this several times by a lot of folks but you can guess how many dollars came my way, exactly the same amount that you will send me. You say one thing but you mean another and you don't even believe it yourself.

So you are not a doomsdayer, but you think something dramatic is going to happen. To say the least Freud would have a field day with that one.

Ok now you say Gold and Silver is the same in every county. Hard to argue with that, but what is really the point. Sand is the same if every country too. Probably more useful than Gold too. There is absolutely no way to predict the value of Gold in Silver in a post apocalypse America. Honestly, in that scenario, there is a very good chance your nails in the basement would be worth more that an ASE. Besides that, this has NEVER been a USD vs. Gold and Silver argument. No one here has EVER recommended hoarding greenbacks. When you bring up that argument it just shows you do not understand what currency is for.

I won't get into the Gov thing since you are violating forum rules

Moving on, so you don't want to GAMBLE with stocks, but holding an asset that dropped 60%, no big deal? As far as your preference for Bullion of Stocks, yes to each his own, of course, but c'mom you have not even come close to justify bullion over stocks based on risk. Besides who says you can't have both.

And finally, to say Gold and Silver has had value for thousands of years, is just not true. It all depended on where on the planet you were standing. and you last point of a 401K just being numbers, is well ridiculous, Just as people value Gold and Silver, people also value those numbers on a piece of paper and will return good and or services for both. In both cases it is other folks that determine their value, not your opinion.

 

You're missing the point Mike. Many of the people that hold PMs do it because they don't trust the government. They can tax or confiscate those paper or digital assets with a stroke of a pen or a few commands on a keyboard tomorrow, or next week or whenever. Them coming to get something that is physically owned takes a whole lot more effort...and man power...and then they have to actually get it...and take it..or find it...or whatever

 

I guess my first response to this would be the only history in this nation has been of government taking gold, and never taking paper money. Based upon that I simply do not know how you can say pm is safer.

For the record, they do not need to come and get it. The same "stroke of a pen" and noone will ever buy pm from you for any value. Those who do not trust government I am afraid can find no protection in pm in my view, at least that kind of not trusting government. Not trusting government regarding inflation IS a reason I own pm though.

 

Then Peace, that is exactly what they should say, not " Paper is worthless" I think we can agree on that. To blatently say something that is without a doubt false, when something else is meant just makes no sense.

 

You should apply the idea of your last sentence to your first paragraph. They basically confiscate your wealth thru inflation. It's just a little less obvious that way.

 

To be fair, without confidence, it is worth the paper it's written on. If enough confidence erodes, it'll be just about as worthless as it gets...but at present time, it's not worthless, but working it's way there....