Next level: Silver 10.00 $

With the last two days dip, you would say, Ahh don`t sh.. youself, it`s just a dip. But what if it is`nt.

Obama wows he will get every penny back that was used for the bailout.
The chinese cut back on loans.
The danish goverment just stated: Now is the time to pay back, and
the french are stuck numb, not knowing where they are going.
The greeks are facing a blue letter from the EU, forcing them to cut back the hard way.
The ECB (European central bank) has once again stated that "fighting inflation is our main obligation".
Iceland is broke, and is having a public vote on the matter of paying back their loans in the U.K. and Holland.

It seems to me that paper money has to be something worth again, then I might be paranoid:rolling:

What`s your view?

KR Canarche

 

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Markets fluctuate. Never invest more than you can afford to lose.

 

You make it sound like demanding the money back from distressed banks is a bad thing. If you think giving out money for free is a good thing, I'll provide you with an address to mail me a blank check with your signature on it.

 

It can be. In the Iceland example, there is talk of closing schools and hospitals so that some European banks can be repaid. When things get to the point where repayment causes that much human suffering, it may be better to write off the loan rather than demand repayment.

 

Make sure your investment vehicle doesnt run out of gas!!

 

You say European banks can be repaid, but in this instance, it is the U.S. taxpayer that is being repaid.

Shoes on the other foot.

 

You can argue that, but it`s not my point.
My point is. If everybody is suckking up credit, papermoney will gain trust aka value hereby hammering inflation and sending silver down the slope, or?

To your other comment. No paying back has never been a bad thing.

Sorry I was`ent more clear, but english is not my native tounge and I can`t allways spell what I would like to say

 

I can`t loose. I`ve got money, they have paper.
The only question that arises, is how much paper I have to give away in order to obtain money.

Sorry that I was unclear on that point.

BTW. I like your social view regarding Iceland, but I doubt it would buy you friends by the british and dutch investors.

 

Every investment has something wrong with it, including gold and silver. It is the objective of the analyst to discover what that is, and to quantify that inspite of it, the probability of gain is greater than the probability of loss. As soon as you begin to think, "I can't lose," you have sealed your fate.

I don't count british and dutch bankers/investors among those I would consider "friends." They are not a force for good in the world.

 

I very much value your opinion seen in a lot of treads, but the basics are different in the EU, where taxing are an issue not to be under estimated.

It might be, that I have sealed my fate, but I stand to my pledge - I cannot loose.

Pension taxing 60%
Income taxes between 38% and 73%
Sales taxes between 7% and 25%
Silver: 7% sales tax plus mark ups.
Gold: tax free plus mark ups.

Tell me. What would you pick up more easy. 60% pension tax or 7% sales tax on silver plus mark ups?

 

It sounds like you have already lost. Having only one alternative doesn't make it a no lose proposition.

 

Wise advice. Same holds for gambling as well. I am watching this current dip in silver spot to see when next to buy. I do not think we will ever see silver below $10 again. TC

 

Never say never. But, if the price did drop to $9 an ounce, count me in for buying, buying, buying, buying. No problem with price drops in my opinion. Also, if you are willing to hang onto the silver or gold for 30-40 years, I think you will find a time when you win.

 

I think that if silver hits $9, it will signal that something may be seriously wrong with the metal's market. It wouldn't be an automatic buy. Nothing is ever an automatic buy without knowing precisely what factors caused the price to be what it is. Also, if I thought it would take decades to make money on silver, I'd sell all of the non-collector coins that I owned and look for another place for the money.

 

Any suggestions?

 

My suggestion is to study. You need to know how to do two things to be successful in investing. (1) Learn the proper way to think about market fluctuations. (2) Learn how to value investments. The bad news is that this isn't easy and many sources of information are wrong. Just because someone writes a book or newsletter doesn't mean they know what they are doing.

 

Well, after considering that silver is greatly undervalued, I think holding it for 30-40 years isn't such a bad idea. At least it seems less risky then owning a treasury, bond, or real estate. At least someone won't tell me, "you know that piece of paper that says you own, blah, blah, blah.....well, you really don't. It's become worthless.

One thing is for certain, if I own the physical silver, I will always have it to be sold sometime in the future. One thing I do have is patience.

 

Nothing is certain. Nothing. Not one thing in life or in investing. A couple of decades from now it may be illegal to own silver, and selling may cost you your freedom. Nobody can plan 30 years ahead, particularly now when the pace of technology and social change has accelerated. Patience is good. Total inaction is not. That would be my only caution.

 

If silver is illegal YOU have already lost your freedom.Maybe you need steel and lead

 

Just a thought, but "they" will probably out law steel and lead before the PMs.