A Silver Shortage is rearing it's ugly head

Its time for us 2 stop being afraid???? and others 2 start!! vivia the silver/gold revolution!!!

 

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why send a 9mm,when a 45 dose it better??

 

WHAT are you talking about??

 

just being silly! never mind???

 

OK, whew

 

The Swiss are trying to remove some of this investment uncertainty by raising the tier 1 capital ratios for their major banks beyond the guidelines proposed by Basel III. In an uncertain world, they have chosen the conservative path, eschewing risk,leverage and increased short term profits for long term stability.

The biggest Swiss bank has just published a long term (10 year) research piece that agrees with your assessment that despite all of our faults, the U.S. and its currency will still be the best harbor to ride out the inevitable economic storms.

 

look at what happened to the world economy since the disaster in the world's 3 rd largest economy. they'll be reeling for a decade and barely a dip. the middle east is in turmoil and gas went up 30 cents or so. eventually people are going to get chicken little fatigue and get tired of buying PMs

 

At least from my imperfect analysis, I will hold on to my 10% position in PM's (5% gold derivatives, 5% physical in silver bullion & collectibles) due to the degree of economic and political uncertainty in the world. I consider PM's to be more of an insurance hedge for the rest of my portfolio rather than a driver of profits.

I don't see the global political and economic problems that cause me to hold PM's being solved quickly. So for now, I will hold, not fold. I am however optimistic that solutions will be found down the road and if I'm clever enough I may recognize when most of my PM holdings have exceeded their shelf life and need to go. Wish me Luck!

 

Oh I agree with that strategy and actually continue to buy a modest amount of PM's. also holding on to stock and other things.
I just don't see the rush to turn everything into PM's right now in a panic.

 

So are the people who are only now getting into PM's because of increasing global risk factors the "chicken littles" you are referring to?

 

I feel the disconnect is that many feel that gold and silver should cover all " global risk factors", whereas this is a good week to reevaluate. I think that gold and silver have a value in financial risk factors, but not in natural disasters, there is too much more to be concerned with. I suspect that the warlike unrest has already been figured in unless Saudi Arabia becomes even deeper involved.

I did what I hope ends up as a beneficial trade by taking advantage of the down market, by buying long options ( none earlier than July) on Goldcorp and COST. Costco has 8 of 9 stores open in Japan, which I suspect are selling almost everything they have in Basics. Also added to my Rare earth stock, although they won't pay off until later in the year, but had sold off due to various reasons. I think silver may have a tougher time than gold in the future, but it is only IMO.

Jim

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yeah probably and the fact that we're probably in a bubble right now in PM's.

you really think things are any more "risky" than at other times in the last few decades?? LOL

 

Totally agree and good point! PM's are by no means a cure all.

Bluesboy65

 

another point. people who aren't hoarding bullion aren't fools or sheeple.
I'm a coin guy and bullion guy, but that's just me, and i also continue to have money on the "system"

 

OK, a little random but...OK I agree with that point.

 

I have just recently started getting into the silver collecting (started with pennies then dimes blah blah lol) and have noticed in the past three days that silver just seems to be dropping in value like no other. On the 13th it was over 36 an oz and now its at 33.7 (1900 central time) - any thoughts/ideas?

Thank you,
David

 

time to buy.

 

Yeah, first of all you are neither a fool nor a sheep. Second, Padron 3000 is my goto favorite. Third, the $36 range was an all-time high and the pullback not a surprise. Welcome to cointalk! Tell me what first attracted you to silver?

Regards,

Bluesboy65