Silver getting crushed today

market is still moving up. The bombing in Afghanistan probably is helping some too; or not.

 

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Well we know that the majority of people in the US do NOT know how sophisticated and reliable robotic workers, and less expensive in the long run to make profits. To bring back the same number of human factory workers, would of course be the 'nice' thing to do, but will billionaire owners and stock holders allow it? One of my friend surgeons said if hospital liability insurance allowed an operation unassisted by human ,strictly by robot, it would have as good a outcome% as average human surgeon. So building an automobile factory might not even need heating/cooling/light/ or potty breaks. Only jobs that still require imagination and true thinking will be valuable in the future. IMO.

 

I helped an auto company review costs of employee manufacturing costs per hour including benefits in one of our US plants, UK, Argentina, Australia, Mexico, etc and how it would compare to setting up a plant in China.

I can't recall the specific numbers, but generally including benefits back in 2004ish it was something like
US $34 an hour including benefits
Mexico $17 / hr
China $0.55 /hr

They made a plant in China and dealt with the 6mth projections required to get the product to the US shore.

Then we looked at CAD operations and compared pricing to India CAD operators.

These cost/benefit analysis included potential problems such as quality, etc. Which even when identified especially for the India CAD operators having low maturity in experience they decided to move some (and later many) of those operations to India too.

I recall friends in the textile industry losing their jobs a decade early due to these pricing variances, and tons of other industries. Getting labor jobs back is going to be difficult unless the American people want to pay more for products, which seems to not be the case.

The best bet, is to do what China did. Require manufacturing to be localized for access to the market including signing over patents and stuff.

 

I do not want to offend anyone but we used to have 3 big companies here Local, And the union wage Plus Pension drove them to shut their doors. We have one left owned by a german company that could probably shut their door any day if they wanted. But their union ave is about $22.00 or so.For that type of manufacturing. I am not saying union is bad just the ones that are padding their pockets! Are bad for us around here.

 

You ever been a member of a union ? WHERE DO U THINK VACATION, SICK LEAVE, PERSONAL LEAVE DAYS HEALTHCARE PACKAGES FROM... you think CEO just wanna give that to their employees...... no no... no..

 

My Mom's father was paleo-conservative by today's standards, but I found out after his death that he was a lifelong union supporter, and apparently quite active in the rail workers' union. Something to do with the 12-hour-a-day seven-day-a-week work hours, and countless other abuses, that he faced when he started.

 

Yes I have. But I have also worked a few tech jobs where I got everything you talk about. So all that is not just Union. I am not against unions my wife got better healthcare through the union than anywhere else. All I am saying is that Here in the small town next to me the union wage drove the employers to close, And there is one in another town that has been fighting to keep them out for years. They get pretty much everything now that a union will offer except for they hire too many temps and part timers. I have good friends and family that are in unions and some are reps also. Just around here they have not been friendly with the business. We also had a big union store that came in and forced the local grocery out. The ones that had been there for 25 years lost out big time with the new wage. and others say they are getting better and cheaper health ins but there dues make up the difference so they did not win either. Most that had been there were getting two weeks paid vacation but now they have to start at bottom. So I am in now way going against your lively hood just stating what has happened here.

 

CEO's are probably safe from robots. Unless they can build a model that can stand on a ladder long enough for the photographer to make it look 18' tall and towering over the world.

 

go silver!

 

I buy silver

 

There is pros and con to unions... There not perfect... but I am through with all of that now after 38 years of arguing and disputing ..contracts... someone else turn to fight the good fight.......not me..... I AM WITH B-MAN...GO

 

$18.52 for a few days. Does it not trade tomorrow because of Good Friday and Easter?

 

Doesn't trade in the west. How about the east? Often these holidays end with a huge change one way or the other because of low volumes trading in the east can shift the price a large amount.

 

Bman, here is an interesting piece

https://www.thestreet.com/story/11881533/1/why-is-good-friday-a-stock-market-holiday.html

 

Fun Article, I love number 7

 

Kitco says the silver trading market is closed for 67 hours. Yeah, Holidays can be weird. I think it was Memorial day or Fourth of July last year where silver went up $1.00 in 2 hours overseas.

 

A single foreign market that is open can really make one anticipating the Monday, but only a couple of trades will cause a big effect.

 

You know after sitting here for the last 7 weeks, I have really put second thoughts into the silver I had bought in past. It seems like unless you are a day trader or week or what ever there is no real money to be made on small amounts.maybe if you had stacked 1000 ounces or something but under 500 even if the price went to 35 or higher the proffits would hardly buy much. Good thing I do it for the love of silver and not really cause I think it will help me retire.
What do you guys think on this.
AND HAPPY EASTER TO ALL JON

 

There aren't a lot of things that will let you turn pennies into dollars, at least over the short term.

On the other hand, if you can make a 5% profit starting with $100, and do it consistently every week, you'll double your money in a few months. Of course, you won't accomplish that with silver or gold, unless you can buy below and/or sell above the going rate with very low expenses.

 

Given the spread such turnover is highly unlikely to be profitable. Anyone who buys silver as an investment is not likely to see much of a profit. Only if it, and gold, is bought as a hedge against inflation is one likely to succeed.

Bottom like is that you should not buy PMs with money that you need to increase in value. All you should expect is that over the long haul it can be expected to maintain its value. In other words, PMs are for those who already have enough and need to keep it.