Silver Below $14

Kettle....black....

 

Log in or Sign up to hide this ad.

Yes, of course, now I see the genius of keynes.

 

Tell you what if I do not enlighten folks, few years ago 100's people would not even think the PM's were going to keep falling up to about 6 months ago.

Now people expect PM's to just drop from the Trade price now. I think simply because they have over the last 3 years well this years charts now say otherwise along with the Crooks of Wall Street.

Its now much more in line for PM's to be in the start of the flat line for 10%-15% up/down. Most likely for years about 8-10.

 

e

Can I have mine slabbed

 

Just enjoy today's nice gain in silver.

 

@Santinidollar I agree with all you wrote.

 

Yes, you can. Simply submit it with payment.

 

I do have to say I feel like I'm in a bizarro world where my posts defending people being called mentally ill were removed and then the moderator himself joins in on the "political" conversation. This can all be explained with Keynesian models, unless the Austrians screwed it up.

 

Are you the big toe Brett

 

I don't even have to worry what the price of silver is. I don't plan to sell it ever. Mine is a hedge against inflation. It will sit there and it's worth will never be collected. It's like an insurance policy. I will die before it has actual value for anyone. Until then it's just peace of mind.

 

Did someone say 1889-CC? Where? Where?

 

Nah, you crossed into bizarro world long before this - like when you decided this is a buying price level for metals instead of a time to short them intermediate term. Where we are right now, 14-ish silver and 1050-ish gold, is still awfully high compared to where they have been, should be, and will be again. But if you have 20+ years to sit on them, sure, buy away! By then another generation will have come along, and they'll repeat 1980 and 2011 again.

 

Okay, here's the inside skinny. Don't tell anyone else, okay? You need to go to the Nevada State Museum in Carson City, Nevada. Bring heavy digging equipment. I have carefully placed a 1889-CC dollar for each poster in this forum at approximately the 15-18 inch depth in the ground below the floors of this building, the former CC mint. Good luck.

 

But if they're keynsian gifts someone else should have to bare the burden for them. Can't the stamp collectors do the dirty work instead?

 

Obviously. When you're a government official somebody else is always doing the actual work or bearing the burden.

 

I don't know if that's a slam dunk. You can short them, but to get any meaningful return they have to fall substantially. If you invest now, 2011 will repeat as you said. Let's say it takes 20 years to get there. Let's say it peaks at 60 dollars an ounce. That's a 7.5% rate of return for a low risk investment.
Let's say you only want to wait five years. Let's say silver makes it's way up to 20 dollars an ounce. That's also a 7.5% rate of return.

Compared to equities, this is not a growth stock. But the risk is much lower. If you invested in Tesla at 29 dollars, you made a fortune. But in order to invest in Tesla at 29 dollars you would have to assume a lot of risk. It could have gone bankrupt the next year and you would incur a 100% loss. Silver will never go bankrupt. That's why bluechips yield much lower but people have value stocks in their portfolio because they are low risk. The chances of Coca cola going out of business are almost nonexistent. Is Coca cola a better investment? Maybe. Should you only have Coca cola in your portfolio? Probably not. Should you shun PMs based on your equivocation? I don't think so.

Let's say it goes all the way down to 8 dollars an ounce near term. If you sold as soon as it went down you would lose a bunch of money. But if you held it and bought more you would average down your initial investment. You only lose money if you sell.

It all comes down to timing though. Like you said, you made a bunch of money this way.

 

Yep, good stuff. My problem is with my age and medical history, the probability I have another 20 years left is near nil. Heck, if we get a full blown societal breakdown, with interrupted pharmacy access, my shelf life is about a week past my first empty bottle.

My big metals play has already run. Now it's about building a legacy numismatic set with and for my son.

BTW, while I agree silver probably doesn't have "substantial" downside risk left, in my opinion gold is still way too high for any rational explanation. I'd call gold's downside risk "quite substantial". Then again, using "gold" and "rational" in the same sentence? Oy!

 

ah Kurt your too contrary to go that fast who would they pic on........

 

True. It was sheer contrariness that caused me to survive my 2009 cerebral hemorrhage after they told my family to prepare for the worst. And Limbaugh says HE has half his brain tied behind HIS back? He should see my MRI films. Recovery still under way after 6 years. The human body is an amazing thing. Even brain functions rewire. The only parts I still haven't gotten back are my ability to keep quiet, and my handwriting. Funny how living in "bonus time" changes a person.