Silver getting crushed today

Likely so, but hardly taking into account my childhood summers on the farm residual memory and its attendant inclination to look askance at anything but honest physical labor. Or, it's also possible I have more than just a little of the old but unforgettable Jesus in the Temple with the Money Changers thing going for me. Go figure.

 

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If you are a silver stacker purist then the numismatic valuation has no relevance. Thus it's all about silver spot price, totally different for pure Numistamic collectors. Valuation is totally different of MS/Proof of coins vs bars between dealers, sellers, knowledgable buyers, unknowledgeable buyers, et all. Just watch the TV Guy Mike M is you want to see the skewed side of numismatics.

About the article, the author apparently is not an economist. He assumes there is a direct tied correlation between the US Money Supply and the "surge" in silver as the substitute of wealth and thus stipulates "rising prices (of everything). Using the term "could" in many statements then going on to state that the US "is interested in reducing the appeal" of silver and gold ... blah blah blah.

He then makes these two interesting statements ... " I am investing heavily in junior silver and gold miners " and " I/we have no positions in any stocks mentioned" .... thus I can only conclude that his ETF stocks/shares are not considered a "stock". Or he simply was "exact enough" in defining his investing to exclude it in his statement.

of course, he does make the disclaiming statement of "I may have made an error somewhere, overlooked something, or made an erroneous realization at some point".

 

SO Has anyone bought anything or sold anything lately ?
WOW!! Look at that silver getting Crushed!

 

I was apprised, but unfortunately so more than a bit too late for me to remove and/or modify my post on this page, of the fact that I was on the incorrect forum page and consequently addressing the wrong group of collectors here, and for both of these mistakes on my part I deeply apologize.
Silver stacking and numismatics are clearly two very different worlds with totally divergent interests and entirely separate goals, and if I wasn't enough aware of that before I most definitely am now. Another lesson learned from this rather unfortunate experience by yours truly is that it pays to always check at the top to see exactly what the sub-forum title is for each and every thread, and believe me, I'm going to pay a heck of a lot more attention to that in the future. Thanks again, and keep stacking!

 

If you judge people by honest physical labor then you must not approve of many you meet anymore - unless you spend most of your time overseas.

 

I spent my entire employment history (until my enforced disability retirement for a recurring heart condition) doing the most continuously strenuous and uninterruptedly hectic physical labor while simultaneously also being compelled to engage in a plethora of relentlessly stressful supervisory planning and operations functions, so yes, you are indeed correct in stating that I have never cared much for those who choose to coast through life without working and completely neglecting to contribute a solid effort to their own support and for the benefit of others.

 

If he is heavily investing in PM junior mining stocks of PM ETFs then his timing his bad. The time for that was 10 years ago during the last run up. I still buy some physical PMs as insurance as I do believe they will go up eventually, and the long term gains will beat inflation. But I got out of PM juniors and ETFs long ago after a nice profit. The mining sector to be in currently is lithium. The juniors lithium stocks are doing really nicely and since I got into them the annualized return on my entire portfolio is higher (around 40%) than it was with the PM juniors 10 years so.

 

What he said.

 

I bought a 1/10th gold eagle

I look back years ago when gold was under $400 an ounce and just think that it will continue to increase over time. But in the past we've also had countries such as china and India (and many more) come into more modern PM Holding stances which have raised the valuations. Not sure what the future holds but it's something in the hand versus electronic. I also hold cash too, but PMs are much prettier.

 

Too bad a baby 1/10th gold eagle can't "grow up" into a full-size gold eagle.

 

It can, and it will. It will just take a little time (well probably more than a little) before it is worth $1400.

 

Cool...+TIME=
Now I get it.

 

yeah buck bought a lb of junk silver u.s. coins w/dates Saturday

 

But by then, won't the full-size eagle be worth $14000?

 

I really wish that expression "junk" had never been invented. Argh!

 

I was going to put it in a jar of water and hope it grows over time.

Here's one of my first forays into PMs back in 1998 and the valuations back then.


of course, around the same time when Steve Jobs became the CEO at Apple again, I started buying Apple stock. So .. by comparison of investments ... it just depends.

 

C'mon Jim, you know EXACTLY why it has the highest ban rate. It's no mystery:

1) Bullion buying/selling decisions are so wrapped up in political economics that the two subjects are quite literally inextricable, and

2) Well..., YOU tend to moderate here.

 

This dude actually BELIEVES this crap! WOWWWWWWWW!

 

Wow, times have changed.
By the way, the only collectibles that I have that grow in water are a couple of miniature (I mean, really tiny) Jersey Shore Snookies that I will allow to expand to full(?) size some day; that is, unless someone offers me big bucks for these PR70 Deeply Troubled Cameo Inflatable Snookies first.

 

I probably should break down and go to the jewelry exchange and sell my junk gold jewelry, And buy whatever gold coin I can afford .
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