What do you think will happen to Silver in the next few years??

Have seen several new reports and articles declaring the end of concern about deflation as inflation is ticking higher in PPI and more importantly CPI. Here is some fodder for thought:

http://www.cnbc.com/id/41641435

Regards,

Bluesboy65

 

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Quote: The Federal Reserve, however, is still viewed as unlikely to raise interest rates for most of this year since inflation is expected to remain low and unemployment high.

Hmmm, quite a web we weave... My guess is... Increase interest rates, and you kill any grouth. And unemployment could get worse. Leave interest rates alone... And inflation goes through the roof...

What to do... What tooo doooo.....

 

Bluesboy - read my previous posts and you'll find other criticism besides the name. I would go into other issues but you are right "Just as well, not a metals discussion anyway."

 

Laying aside the politcal aspect of this discussion for just a moment, I am wondering: What does everyone think about the original question now that the price of silver has shot up nearly two dollars per ounce in the last two days?

Thank you.

 

No surprise here. This price increase was forcasted days ago in the thread "Was It A Mistake To Buy Silver Now?" on 2-14-2011 7:43pm, Post #26. I will be buying more tomorrow.

 

I correctly predicted silver to go over $25 last Dec and it did i will say now that $40 by the end of the yr is quite possible. It may retreat slightly before that and i think a new flore has been established at $20/$22 .

 

Well this has nothing specific to do with this thread, but.... @ $32.40/oz!

GO SILVER - GO SILVER - IT'S YUR BIRFDAY! w00T w00T!

 

Nice run over the past couple of days. I think silver will go up, then come down and repeat this process until the cows come home . But seriously, I do believe metals will zigzag it's way up and the the right for quite a while. Here's an interesting article regarding the potential sustainability of silver's run:

http://www.cnbc.com/id/41671047

Regards

Bluesboy65

 

Hold on to your hats boys. The storm is brewing faster than you thought.


http://finance.yahoo.com/tech-ticker/%22the-end-of-america”-porter-stansberry-sees-the-future-...-and-it's-grim-535932.html;_ylt=AsvyEUcN1VlLwBBv231UsONk7ot4;_ylu =X3oDMTE3NnY0cGY0BHBvcwM2MQRzZWMDYXJ0aWNsZUxpc3QEc 2xrA3RoZWVuZG9mYW1lcg--?tickers=^DJI,^GSPC,GDX,MOO,GLD,UUP,DBA

 

It goes alot with my thinking about where the dollar is heading. I certainly see the dollar losing it's status as the reserve. I can also see the dollar being reinvented if it completely collapes.
Some people say, with the eletronic world. PM's are not need as a base to our currency. I think we will need a base of PM to help stabilise, and revamp the dollar. Maybe even, get rid of the Federal reserve system.
Having public entities throwing hissey fits over taking some cuts (like the rest of us in the private system). Having huge protest and walkouts, with leaders of government egging them on. Is not going to help us in the long run.

 

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Zeplyn, Porter Stansberry has been convicted of SEC Fraud in federal court for pumping a company and making money on shorting it. He also sold special "insider" reports that were not true. He has used different names, one promoting a stock and he shorting it. Be cautious with any recommendations by this guy, IMO.

Jim

 

Thats funny, he seems to have a lot in common with our elected officials.
Perhaps that why he knows so much?
Appreciate the heads up. Regardless of his or any other elected official record it does not take away the debt situation we are faced with.
The impact this may have on PMs is very real, after all only 2 possibilities can be reached. Either we go into a hyperinflation due to the crash of the dollar, or the dollar recovers and we all live in eternal bliss.

 

I made this prediction a week ago ... before the big run-up ... and I stand by it.

 

Yep...that's why I stopped talking about it. The details are all there for anyone interested. Special interests are lined up against it, but it's getting more mainstream consideration.

Btw, it is a national sales tax and income tax replacement. It's called the "Fair Tax" because lobbyists can't manipulate it and even illegal aliens, tax cheats, criminals, and tourists have to pay it. It taxes foreign goods sold in this country and reduces the cost of our goods abroad...bringing jobs back to the US where they belong.

It's the only viable alternative to shutting down government.

 

I try to warn people about what they read and see on the internet. There are a lot of convincing people out there with little or no training who are making a good living trying to sell people on the idea of the collapse of the dollar and the nation. It's fun for people to believe they are smarter than the Fed and politicians but it's nuts to invest money based on what these people tell you.

 

This is a situation that I find facinating and discouraging at the same time. At one time, America was a place where people would see something that another person had and aspire to raise their standard of living to acquire it also. But through the power of the media to divide [and conquer] the nation, we now have a situation where people see someone else making more money or getting more benefits and actually taking to the streets to try to take it away from them. This is a remarkable change of attitude and probably marks the death of America. Our standard of living rose to where it is by working hard and demanding compensation. People died for the right to collective bargaining and for a living wage. I'm amazed to see my fellow countrymen marching in support of their own demise.

 

So what if you are wrong? What if this happens? Why is it that we are seeing inflation at food stores, clothing, fuel, huge debt, no way to pay back what we have borrowed, and printed. China owns billions ~$473 in Treasuries that if they called them in, it would bankrupt the USA. Heck they are complaining already that they are not making any interest on them as our dollar shrinks. In Europe 10 days or so ago, they called for the demise of the dollar. Wake up man, it's right in front of you.
The Gov can only subdue inflation for a short while, the people of this country will feel the pain as we are now long before the Gov says it's in trouble.
These are facts that we are seeing. It will be the people like you who think this can not happen to us in the "Almighty USA" that get hammered the most. The Romans thought it could not happen there either!
I hope you are prepared Cloudsweeper, I really do. May the powers to be look over us all.
I do not have a lot to invest but I have my tiny silver stash and protection. I hope everyone does!

 

I think that when interest rates begin to rise, money will move from PM's to other, more stable investments. When the big money moves out of PMs, I see the price falling along with the decrease in demand. No one NEEDS PMs. But they gotta have food, gasoline, etc. I think the cycle will do about what it has done historically. Thats why I am selling a bit at a time as prices rise. When it falls, I will wait until I think it's near bottom and buy.

Might be a mistake ? Hope not.

gary

 

I just hope the Federal government doesn't declare California or Illinois "too big to fail" and buys them, too.

 

Unfortunately, the standard of living has dropped for each generation since WWII. By standard, I mean the number of work hours a family must perform to sustain itself. Gone are the days of the one income household. Today's children have less and less quality time with a parent as both must work to provide necessities. Housing & food will be inflationary as fuel prices continue to rise. Our lack of investment in renewable energy sources will sstart showing it's head now and onward as we continue to decline. IMHO

gary