Silver getting crushed today

Well I read it but its all greek to me! Give me a run down for dummies.

 

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Interesting day. Lets see that chart. Hope you didnt buy at $17.30 this weekend expecting the moon, because the "silver moon shot rocket" seems to have had technical difficulties at launch.

 

"High volume for long periods may damage your hearing."

So why am I in the Bullion forum again?

 

Essentially, the Fed tracks the Finance Rate difference between short term and long term debt. ie, 2yr and 10 yr bonds.

Such as if you bought a car. You can get a 2 year loan or a 7 year loan. The longer loan will have a higher interest rate as it's a longer risk on the company giving the loan.

Those differences between short and long term are shrinking. This stereotypically is part of an indicator of Inflation with Low Unemployment & economic growth. But it's not yet as the European and Japanese banks are still buying up debt still like crazy to support their gov't economies; while the US Fed is easing it's purchases of debt to support the economy. Essentially the Global economy is stretching their knowledge of how to react to the inflation indicators as inflation isn't anywhere in the economy as a whole.

 

Interesting evolving "concepts" about the apocalypse that I just don't understand ...

"Wendy McElroy is ready for most doomsday scenarios: a one-year supply of nonperishable food is stacked in a cellar at her farm in rural Ontario. Her blueprint for survival also depends upon working internet: part of her money, assuming she needs some after civilization collapses, is in bitcoin."

==> https://www.bloomberg.com/news/articles/2017-11-20/can-bitcoin-survive-an-apocalypse

 

So I just looked at prov and 2017 maples are more than ase's and it shows ase's having a better return. oops wait that was cash for a large buy.

 

Yea if there is one who will make sure the internet is up and working every day? Darn Snow flakes!!! As in people, LOL

 

Looks like a turkey for thanksgiving after all.

 

First, this made me jump -- I know Wendy (indirectly, friend-of-a-friend) from an entirely different direction, and had no idea she was A Prepper. I'm not entirely surprised, though.

It's got me thinking, though, about The Internet vs. "an internet". If a big collapse happened, it would take out the cellular networks and Big Internet for sure; those two creations are at the very bleeding edge of our technological capability, and any step backward would leave them high and dry.

Amateur radio operators with solar panels and maintainable generators could keep going for quite a while, and do some data transmission. I don't know enough about the blockchain to know if it could be maintained in that scenario; my guess is that it's theoretically possible, but extremely unlikely in practice.

This is really one of my nightmare scenarios, though: a world where bits of "golden age" technology still work, but as they die over the years, there's no hope of replacing them.

 

I'm an Amatuer Radio Operator. We've been called into action in a few instances such as the US Midwest Blackout a few years back.

I don't see our Short/Long wave radios being able to maintain an "internet" at all.
Though KNL Networks has such a solution. The problem is .. in the event of an apocalypse there are so many dominoes in the "network" that if one fails, then nothing would be available.

Even if plausible, I don't see many people adopting it and even then so, Emergency local/county/state communications would take precedent.

FYI, I'm in the midst of adding 300w solar panels and battery backup for general use. How would people get me "information" and, also being in BitCoin, how would I sell BitCoin and receive the cash ?? It's just isn't plausible at this point for an apocalypse, unless all banks, and electronic communications continued without hiccups, and the people supporting these systems continue without problems.

And thus, what then prevents the regular banking and investment companies from operating as normal during an event like this ??

Even then so, I'm not going to invest "my money" for "my communications infrastructure (hobby)" to support "you, the general public".

 

Looks like the moonshot express has instead become "Journey to the Center of the Earth" by Jules Verne



Incidentally, it is a fantastic book, and far more interesting than a bar of silver if you can believe that. I know I do.

 

Why? It has only gone down a few cents.

 

It's called sarcasm. Just poking a little fun at the silver pumpers. I might stack some silver, but that doesn't mean I can't poke fun at the price of silver and the ridiculous "Silver at $500 by 2018" pumpers on YouTube.

 

I did state that it would stay above $16 an oz just before I started slowly selling 5 billion trillion, metric tons of my gold and silver.

Oh wait, how heavy is a 1/10th gold and an ASE ?? I might have over estimated that a tad .. never mind.

 

OK, now start blaming the paper players, Ya' all know they and comex are controlling the supply and keeping the price from $500 oz.

 

That's all? You got to get yourself at least a 5-ounce bar. If nothing else they do make good paper weights, and will add some spice to your office decor.

I'm ready to make a prediction. I'm now ready to call Silver at $8,000 an ounce, today!


Julius Caesar denarius
Lifetime portrait
Rome Mint
Minted Mid-January through March 15 of 44 BCE

And the here it is! If you were to take the numismatic value of my Julius Caesar lifetime denarius, and scale it up to a full ounce of silver, it would be $8,000 an ounce.

Luckily for my wallet this was only 4 grams of silver.

Much prettier than a silver bar. While silver stacking is just a small side hobby for fun, ancient coin collecting is a real passion for me.

 

==> https://www.marketwatch.com/story/w...the-great-recession-looks-like-now-2017-11-20



..
..
Silver was about $13.20 per ounce.
a 27.65% increase to $16.85. If $1,000 (75.75 ounces) that would be $1,276.50 today if my math is right??? Too bad Silver doesn't have a DRIP.

 

Is there a point to that graphic? All those companies are investments. I am sure there are many which had losses. Silver is an insurance and it has outperforms the official inflation rate based on your figure of $13.20. So silver has performed as needed and so have the investments. A sensible person will have had success in both areas.

 

Yes,
What you *know* and what other people *know* may not be the same.
It's just information I thought ppl may be interested in.

It does show that Silver has appreciated in that particular time frame. Though maybe not as greatly as some corporate stock.

 

While it is true that some companies have gone bust, the reality is that if you had a diversified stock portfolio you made a lot of money over the last 10 years. And if you put that money in 20 or 30 years ago you've made even more boatloads of profit. While it is scary to see the stock market crash and to see the stocks performing badly in a recession, the overwhelming majority of companies weather the storm just fine and go on to make even more money for their shareholders than before the recession.

People who've also bought real estate and rental properties for investment have made boat loads of money during all this time too. Far more than if they had invested everything in precious metals.

There is nothing wrong with investing some money into precious metals. I repeat, it is perfectly fine to have a little insurance against an unforeseen Market catastrophe or as a side investment, but investing the bulk of your wealth into precious metals is just bad investing. Yet despite the obvious results many people don't seem to get that lesson.