Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. masterswimmer

    masterswimmer Well-Known Member

    Unlikely to fail in my lifetime.
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. chascat

    chascat Well-Known Member

    It's been failing since we departed the Gold Standard.
     
  4. -jeffB

    -jeffB Greshams LEO Supporter

    It can fail for a long, long, long time before PMs become a better-returning investment than equities. Heck, it's failed a lot more slowly than, say, silver and gold since 2011...
     
    chascat likes this.
  5. Clawcoins

    Clawcoins Well-Known Member

    I was going to post an example of an $8k initial investment in 2011, then subsequent $100 monthly investments for about 5 years, and compare it to similar Gold investment of the same (or more minimum 1/10th) for each comparative month.

    That would be a total today of a money in of $14k, and current valuation at over $30k .. compared to the same money in of Gold since 2011. But I figured ppl would just cry Wolf and disparage the real analysis. So, why bother .. I never finished it as the results were pretty obvious. People know that too, they just don't want to accept it (and/or they've had really bad investment advice in the past).
     
  6. ToppCatt

    ToppCatt ToppCatt

    My father used to refer to all bills as
    "I.O.U. Nothings".
     
  7. ToppCatt

    ToppCatt ToppCatt

    My father used to refer to all bills as
    "I.O.U. Nothings".
     
  8. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Actually it is the People in charge of the currency that have failed us, not the concept nor the instrument itself. There are thousands of former mining claims that are not now active and if PM were so great, why aren't people investing and digging? If they dig themselves it's almost free!!!
    Sure.......
     
  9. RICHARD K

    RICHARD K MISTY & SASHA

    YES, very true because it has trust value, but I am wondering why a lot of countries are taking there GOLD back from US & London vaults & to there vaults? , why are countries buying oil with YUAN? US GOLD deposits haven't been audited in MANY MANY YEARS . Manucien went to WEST POINT N.Y. and took a look around (Is it really GOLD?). How come rumors are spreading that in certain vaults GOLD is really TUNGSTON coated with gold?. how come all millionaires are stocking up on GOLD? There are a lot of questions I would like to Know, if anyone out there can send me Gov't. Proof of our 8000 Tons. (PLEASE ONLY RELIABLE SOURSE NO NONSENCE)
     
  10. FryDaddyJr

    FryDaddyJr Junior Member

  11. Cheech9712

    Cheech9712 Every thing is a guess

    I like all cointalk moderators. Very informative
     
  12. Cheech9712

    Cheech9712 Every thing is a guess

    IN GOD WE TRUST WILL ALWAYS PREVAIL. Do lose your moral compus
     
  13. green18

    green18 Sweet on Commemorative Coins Supporter

    Shut up woman......... devil.gif
     
  14. green18

    green18 Sweet on Commemorative Coins Supporter

    And it's 'compass'.......
     
  15. green18

    green18 Sweet on Commemorative Coins Supporter

  16. chascat

    chascat Well-Known Member

    With appx. 34,000 tons of known gold reserves worldwide, there would only be appx. .0155 oz. of gold wealth per person. Not much wealth per individual in today's economy. Gold alone can no longer sustain wealth as it did in past decades with much lower populations. Even inclusive accumulations of jewelry, coins, bars, and unmined gold would still not make a dent in worldwide economies. Include all known reserves of all other precious metals, gemstones. and unmined gemstones and precious metals, and there would still not be enough bounty to sustain 7,000,000,000 people. The real value in worldwide wealth may only be considered in gross national product, and faith of the economy as our dollar and other world currencies represent. In the event of massive worldwide economic collapse, precious metal values may soar to inconceivable amounts, but at what cost to human sustainability?
     
  17. RICHARD K

    RICHARD K MISTY & SASHA

    WELL SAID, but I believe it's coming at one point
     
  18. -jeffB

    -jeffB Greshams LEO Supporter

    You can't fool us. While you're casting doubt about metal inventories to distract us, you're clearly getting VERY CLOSE to your REAL GOAL of CORNERING THE MARKET in CAPITAL LETTERS.
     
    Randy Abercrombie likes this.
  19. longnine009

    longnine009 Most Exalted Excellency

    It's called trading. "A" sees something as useless and trades it to "B" who does not see it as useless. Why, I bet your mutual fund manager does that all the time for you.
     
    Last edited: May 11, 2019
  20. longnine009

    longnine009 Most Exalted Excellency

    You forgot your winky. Or did you sell it to buy an eye roll?
     
  21. longnine009

    longnine009 Most Exalted Excellency

  22. RICHARD K

    RICHARD K MISTY & SASHA

    Don't have an advisor, to OLD to listen to YOUNGSTER who want to make lots of cash for themselves FAST.
     
Draft saved Draft deleted

Share This Page