When are you Going to Buy Precious Metals

What in God's name is that?

 

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What you fail to comprehend is
For the US
.05% of 360 million people (2030 US population) is greater than .05% of 310 million people (current US population)
For the world
.05% of 8.2 billion people (2030 World population) is greater than .05% of 6.8 billion people (current world population).

 

What you fail to comprehend is there will probably be 30% more silver mined by 2030

 

The word "probably" takes this comment out of certainty, so it is only speculation like everything else in the future. What ever is mined, provided it is economically feasible, could end up being used up industrially with very little available to the general public. (Which is also speculation.) However, without a catastrophic disaster, population growth will happen. The men and women of the planet will see to that.

 

Your original statement was that they do not know it exists, which is a far cry from knowing all of its properties from the periodic table and how to tell the difference between brass and gold.

Face it, the majority of the world knows that both silver and gold exist. Your elitist secret is out!

Also, just FYI, the world literacy rate is currently about 85%. Which means your assumption that the majority of the world doesn't know gold and silver exist because they can't read is completely bogus.

 

Does the term law of diminishing return mean anything to you?

 

@ $5.00, you are talking 1990s level prices and projected population increases are well above 30% based on population at that time.

 

I liked silver when it dipped below $17. Unfortunately it didn't stay there for long. After today it looks like it may be heading that way again, hopefully longer this time.

 

It looks like it wants to be over $17, as it's bounced a bit and may even close over yesterday. We'll see, but barring a huge drop we may close over $17 again today. I think it gets up a bit, and then is hammered down again. One of these days it will break to the upside or downside. How's that for a prediction?

 

You got my head spinnin' in a whole new reality home-biscuit

 

"You got my head spinnin' in a whole new reality home-biscuit"
*************
Because?

Edit: What is the new reality?

 

I'm looking to buy more tomorrow when I'm near some shops I haven't been to yet.

I hope they have some inventory and/or reasonable premiums.

 

I'm curious as I haven't been ot our local shop, to shops generally price higher or lower or the same as the big guys like apmex and JM Bullion?

 

The ones I go to usually have higher premiums, because they deal in relatively small volumes as opposed to APMEX or JM. But I do have at least one that prices 90% junk at about 1%-2% over spot, but that is mainly do the fact that he is semi-retired as this point and appears to continue being a dealer mainly to have something to do.

 

thanks!

 

We are closing over yesterday, so I guess they didn't succeed in slamming silver down today. They may try overnight, but it seems to bounce back lately. I find local shops are variable, but you can sometimes get a better deal than on line. Ask to see their "junk silver" or cull silver dollars. They are usually cheaper than spot.
I like the different things that they have, and it's cool to see and feel the coins. I have also found two or three 1740's English half pennies in their world coin bins. I also found a German silver coin worth about $5. Not bad for 12 and a half cents!

 

I'm going to cave now and buy a couple 5oz ATB Everglades today, pre-sale from Provident...then it's back to waiting....

 

I really don't know how it could hurt you, in the longish run.
Silver is acting like it's found a bottom, but I've been wrong before...

Here's an article about the big silver conference that's taking place this weekend:
http://www.stockhouse.com/opinion/m...om-as-industry-heads-to-annual-summit-spokane

 

so I guess they didn't succeed in slamming silver down today. They may try overnight, but it seems to bounce back lately. (Cited from: https://www.cointalk.com/threads/wh...uy-precious-metals.254321/page-3#post-2009510)

I believe it is incorrect to imply that 'someones' are moving the price down purposely. The way to do this is by selling at lower and lower prices, but to do this with no purpose loses money for them and that is not their intention. If people , investors were really interested and had belief in the value of precious metals, they would be buying strongly ~ and they are not. So they are the ones allowing the price drops. Bulls may not think so, but in the minds of most investors, the 2004-10 fear that the USD is collapsing, China will bankrupt us demanding payments, U.S. become a 3rd rate country never occurred and look a long way away. Today's news have 18% of multinational industries saying they will be moving back to US due to the economic stability and basically those countries are moving into the era the US has been suffering and now greatly recovered. If the metal producers really thought they were going to have a reversal , you wouldn't see the below ( from the article quoted) which gives the feeling the silver companies know they are in for bad times and are also whistling through the graveyard.

“With all-in sustaining costs of US$10 an ounce, we can do just fine at these levels,’’ said Ira Gostin, vice-president, investor relations at Tahoe Resources Inc. (TSX: T.THO, Stock Forum), which operates the Escobal mine in Guatemala, the world’s third largest silver production"

 

I know. It's painful, but we closed slightly above yesterday, so the trend isn't for silver to keep tanking. We may see lower prices, but I think that the mine in Guatemala may be the only one that has operating costs that low. Most are breaking even now, and may soon cease production. First Majestic Silver quit selling at this price, which means they are waiting for it to go up. It may be a risky strategy, since their stock went down about 4 % since they announced that, but they are holding out. We'll see...