Silver Below $14

The topic of this thread is why I purchase numismatic silver and not bullion silver.

 

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Keeps the commute short and the pulse clicking. Being 6 foot 3 and 210 lbs. probably doesn't hurt when being like me.

 

DING, DING, DING! We have a winnah! Tell him what he's won, Johnny!

 

That was a lot of ad hominems and red herrings, but it still doesn't obscure your sophistry.

I had to look up half the names you dropped, but I can tell you that your stereotyping is dead wrong.

For your first point you can replace John Birch with Thomas Jefferson.

Edited for sinking to your level. I am surprised you took my Warren Buffet comment as pejorative.

Your third point is not debatable, simply because there is no use trying to convince you what the definition of a resource is. The last sentence of this pararaph is also ironic considering the "hype men" are the very bankers you seem so desperate to defend.

I don't know what school I am in, because as I said I am a layman so therefore don't ascribe to any belief structures. You are far more knowledgeable in this arena as far as theories and names.

1)This could be a dictionary definition of sophistry. You take a statement, distort the context, and villify it.

2)Another ironic diatribe. Once again using something like homeopathy as a false analogy to an argument. No one on Wall Street is curing cancer, they are causing it.
I bet when you play poker you think of yourself as a "professional gambler".

3)This was just childish and arrogant. I can't even counter this because it's so silly.

4)The elite have been fleecing the common people long before the internet. It's just that back in the day there was more control of the information. This is slowly being dealt with, as the Sherman Act is being eradicated loophole by loophole.

In conclusion, I am not a libertarian, I don't hate commies, I think socialism is a good thing. By making things black and white as you are doing, this ends up becoming a football game that can't be won. No "school" will work because of human nature. That's why it takes more than one "school" of thought to keep a society functioning.

So at the end of this any point I tried to make has been lost in a sea of misdirection. Nice job. Still doesn't negate the fact that silver has value just like crude oil, even more so now that we can harness power from alternative sources but we can't make anything a better conductor than silver. And crude oil is a great analogy, as OPEC sets the prices. Who sets the prices on silver?

 

Crap, my dictionary app is giving me an error message

 

Maybe I should edit the title.

 

I lost that one when you cleared your throat....

 

Why buy now? This time next year silver will be less than $12.

 

Don't say that Stewart Dandis ..... ur hurting me..

 

So much ignorance in a single post! If you're a layman, as you say, what you believe about anything involving economics is less than worthless And it shows.

I, by the way, am NOT an economics layman. It is my profession. Only those educated in economics at Ivy League schools, U. Of Chicago, or Stanford need apply as a peer. The faculty from which I learned, and a good number of my classmates make up a Who's Who in the field. I presently ply my trade for a legislative committee chairman in Harrisburg, PA, first on the Judiciary Committee, and now Urban Affairs. I am also a serious numismatist on the side, not a stacker.

Where or when have you EVER heard me or read me defending banks' activities or that of the banksters? You haven't, because I've never said or written a single word defending them, either here or anywhere else. YOU SUCKED THAT INFERENCE OUT OF YOUR OWN THUMB, SIR!

What the bankERS did that caused the '08 collapse (underwrite bad loans, have them certified as investment grade, sell them off, and then buy bets that the loan will go into default) (by the way, that's really the best thumbnail of it) should be sending bankERS to jail, from CEOs right down to the local bank branch loan committee members, but it won't. We fined banks, per se, but not prosecute bankERS, and now statutes of limitations are lapsing. So yes, we screwed that up and what happened was a crime.

HOWEVER, NO LESS A CRIME is conning the unwary with some neo-econo-apocalyptic nonsense about the U.S. Dollar failing and a metals backed system replacing it. People spouting that crap should be facing jail time too. I consider it a form of domestic terrorism or perhaps treason. There, I said it.

 

ditto

 

Digital stutter

 

Is there a stack of applications to be your peer?

With that last paragraph now I know you're a troll. What you lack in reading comprehension you certainly make up for with hyperbole.

Now let's get some more debt on the books, it's the ONLY way to stimulate an economy, because someone from an Ivy league pedigree said so. And don't dare try to invest in PM, unless you posess an Ivy league education because V. Kurt Bellman doesn't believe in PM investment but still for fun he bought up a bunch of gold and silver and sold them right at their peak! It's like he is omniscient!

Man are you pompous!

 

Omniscient? No. Just correct. And if being correct and saying so makes me pompous, SO BE IT! My calling the top of the metals boom in August 2011 just a week before it all went south is a matter of public numismatic record. I gave a publicly attended "Numismatic Theater" (now called "Money Talks") talk at the Chicago 2011 ANA World's Fair of Money wherein I warned all in attendance that the metals boom was about to end because it was all bubble and fluff and was unsustainable because of supply/demand fundamentals. You can order the DVD from either the ANA or David Lisot's site. And while you're talking to David, you'll have something in common. He calls me not omniscient, but clairvoyant.

If you're so inclined, after that DVD, you might pick up (free rental from the ANA for members) my 2013, 2014, & 2015 ANA World's Fair of Money Money Talks as well. They are on completely unrelated topics, however. My 2011 talk was in direct response to a 2010 Boston shill job talk a so-called "Numismatic Investment Counselor" from upstate New York gave then. I was so enraged by his misinformation I made it a quest to contradict his garbage.

 

That's very impressive actually. What will the price of silver be in 2017 based on supply/demand fundamentals?

 

Probably the 2017 range will be in the $8.50 - $12 category. Any further upside will have to be based or world catastrophes, not anything in our domestic economy. All factors domestically point to the low end of that range. Without the events of 9/11/01, and all its progeny, silver would now be about $3.75 an ounce.

 

Wasting your time. He knows all, and is most likely paid by the central banks as a shill, and not a good one.

 

Nope, paid by the Commonwealth of Pennsylvania, exclusively. But I do volunteer work for the ANA and recently the ICTA, helping to prevent PA from joining the 19 or 20 states mentioned up thread. (A clear and present danger - more than most folks know.) Just because I think the ICTA members are intellectually wrong, and I do, doesn't mean I can't help them when our interests align.

 

I moved out back in May when the DOW was at 18.2k. Slowly back in when it dropped to 15k and I'm moving back out now. I move in stages of 15-20% and move into stable value funds.

They say you can't time the market - but if you use the ups and downs to book your wins and protect against loss - leaving a bit set aside for the "tank" you will do well to buy back in.

 

Playing with "the house's money" usually works. Well done. What I can't figure is where all this "collapse fear" comes from. Didn't EVERYONE read that the study that said a debt load of 90% of GDP was an unrecoverable fulcrum point was pure hooey? I did - it's been completely discredited.