US pulls out of Iraq completely. US stops their part of whatever NATO is doing in North Africa. US passes a balanced budget. And monkeys fly out of my butt. The four conditions needed.
All of you that keep saying it has to come down...not a one of you has said just exactly why you say this. You just keep saying it has to come back down, that it has risen too high blah blah blah blah. Just the sounds of chickens clucking about something they dont understand. Give me some reasons for your doom and gloom. And I mean real reasons. Now, for my reasons that you folks are smoking crack. Silver prices have repeatedly been manipulated down by the government and other entities. Dont even bring up the Hunt brothers BS from the 80's. One time blip. Demonitizing silver trades back when. Removing silver from the currency. Keep the prices low because we cant have an easily public accessible commodity that could keep people from having to completely rely on the govt for hard trade currency. The govt did it with gold in 33 by going so far as banning the public from owning it. Short of that, the economy had driven this past their ability to manipulate short of an outright ban like that. Add to that this one simple fact. There is more gold above ground than there is silver. If you figure that alone, silver should be around 100 an ounce anyway. Technically speaking, silver is rarer than gold.
I dont buy into the bubble theory. Again, this is running under the presumption that silver is not a valuable commodity. And saying 15 an ounce makes it not valuable relatively speaking. As I said, 100 an ounce is not unreasonable when you understand the actual comparative rarity of silver.
Fit's hitting the shan or "Look at these ETF Charts SLV ZSL Before Calling a Top in Silver" I posted this in the "Call the Top" thread. People, aka lemmings, are going nuts in ETF land. When the lemmings get scared, they will pull their money out of ETFs. When that happens, a mass sell off o ETFs will drive the price of the ETF down. When the price of the ETF disconnects from the price of its holdings, I don't know what's going to happen. Either way, the Silver market is a dangerous, wild west kinda place to be right now.
Actually people tend to put their money INTO hard commodities like silver platinum and gold when there are market issues. Having metals in hand is a lot more secure than an IRA.
The silver market is no more dangerous than the stock market. If you want to invest your money, which do you feel is the safest bet? I lost a big chunk of my 401K and mutual funds during the crash of 2008. I can't just put my paper money under the mattress and hope it grows. I have to put it somewhere. And until our government turns this debt Titanic around, I'd like to have something REAL in my pocket. Not this toilet paper the Fed keeps printing.
Maybe I'm a bit clueless with the acronyms. I thought ETF meant exchange trade fund ie commodities fund. Am I wrong there?
you are correct. They way I understand them, they have to hold the commodity. Either way, it's paper, too.
Yeah, but its paper actually backed by real metal. Though I am one that wants the metal in my hand (or better said in my safe).
I thought I had, but I'll try again... 1. Industrial demand has steadily decreased over the past 10 years. 2. Production and reclaimation has steadily increased over the past 10 years. 3. Recent prices increases are solely due to inflation speculation. Inflation won't pick up until the economy improves (and it eventually will), but interest rates will also rise, making other investments more attactive. That's not fact; just my opinion...but it's what I believe and why I come to the conclusions I do. It doesn't hurt my feelings if you believe otherwise...and you may be right. :cheers: In 1933, we were still on a gold standard, but the governement needed to inflate the money supply to help pull us out of the depression. The only way they could do that was to revalue gold...which was the main reason for the recall. If you know of other reasons, please let us know. As far as the relative price of silver to gold, I would guess their prices are more a function of the cost of extracting new deposits from the ground than the "above ground" supply. Countries buy gold and silver for different reasons and the demand/desire for gold must be greater than silver.
