When are you Going to Buy Precious Metals

A lot of the variation is in how the silver company margins itself. Some of the largest holders of future contracts are the silver or gold producing companies themselves. If they had sold a lot of contracts to deliver silver @ $25/ oz. this year when it was at a close base price, they would be doing very well ( +$7 to $8)and might survive at less than $10 an ounce. If they were not cautious to do so, they are probably sellers of options for settlement next year or later to keep the cash flow. This way the silver miners are betting (hoping) the price might be lower so they could buy back their options, rather than deliver their silver at a lower than spot price.

The concept that silver or gold would be $#### oz., if 'somebodies' didn't keep it down is a very false premise to look at investing in PM, Sometimes funds ( who are playing with other peoples money) guess right and have the right options that causes spot prices to jump up, and usually they are faulted by the fundamentalists who can not buy cheaply ( relatively) , and often it is the other way when fundamentalists could buy cheaply (relatively) because the funds guessed wrong, are waiting for a bottom, and they don't want to take the chance. there are some ETF funds which play the negative side and prosper when the other funds guess wrong.

I believe most people who make large money from precious metals, do so by promoting them to those who often do not understand or consider the dynamics, not by investing itself.

 

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By the way, about First Majestic, I am surprised the price held that well when you look at their spreadsheet of the last 3-6 months. You have courage.

 

What you fail to comprehend is that silver is an industrial precious metal, it'll continue to be used in ipods and ipads and whack mad sprint pads as well as the denture cleaner used by your mom 'n dad, it's even her the rubber static pad of her swiffer jet and the circut boards of her hearing set, you know, the one that old people use to listen to the birds chirp cause they've gone deaf, it's also lined in her bifocals cause she's gone blind mr loco and yes, you're not only rapper in town, you're just the only one that's a clown.
lol

PS
This is all in jest, playing around with the whole "eminem persona" thing while getting my points accross in a humorous fashion, poking good, comedic fun at the whole rap battle scene, I would never say things like that in a serious/slanderous fashion, only in a fun, comedic fashion

 

Homie I like yo style but if you studied a while you'd know only about 0.05% of silver is used in electronics ;3 now let's get hooked on phonics

 

Here's one of my early rap battles.. I'm pretty funky.

 

It's not just electronics, it's all things medical and scientific, and don't forget about electricity, china needs 150 million ounces just to light a single solar city, as far as silver being a multitrillion dollar market, there ain't even a quarter billion ounces to bark at, at $20 an ounce, that's only a couple trillion max, so unless you can generate electricity from the sun using wax, you can kiss your sterling silver plate goodbye as he flies to the moon with his sterling silver spoon. Now let's forget about phonix and let's talk about the banks, they want to prop their paper currencies enough for people to keep using it, suppressed gold and silver prices is what helps to make the paper pay as with the metals, they play paper games, they want you to think there's more silver than there is, cause public manipulation is their biggest biz.

 

You can believe what the Silver Institute publishes, but the facts are that silver is NOT required to build solar panels, it is just old school and companies wish to continue to use it so manufacturing techniques can stay as they are. It just like the replacement of silver halide film with digital, and yes, modern X-ray and imaging films are digital now, no silver required, it has its advantages, but new materials and techniques see Ni-Cu compounds and bonding replacing silver if it maintains it's high price. This is a long article and the title should say swapping copper for silver, but it does explin some of th new techniques.

http://www.renewableenergyworld.com...2/07/pv-technology-swapping-silver-for-copper

In reference to China and solar energy needs, you might check this article.
http://www.forbes.com/sites/greatsp...er-demand-by-the-solar-photovoltaic-industry/

It says in part
"the demand for silver translates into roughly 106 million ounces and 151 million ounces in 2014 and 2018 respectively. To put this into perspective, global silver mine production is expected to be roughly 800 million ounces and 750 million ounces in 2014 and 2018 respectively. Mine production accounted for roughly 75% of silver supply in 2012. If we assume that this ratio holds till 2018, overall silver supply will stand at roughly 1.07 billion ounces and 1 billion ounces in 2014 and 2018 respectively. Assuming a balanced market in which supply matches demand, the demand for silver from the solar PV industry will rise from 10% of the total demand for silver in 2014 to around 15% in 2018."

So 5% increase in silver use for traditional solar panels in the next 4 years. And I would myself bet that China can't afford to continue their alternate energy policies as they stated due to slowing there, and that solar installations will decrease in China.( my eminem type prediction)

I am not saying eminem is correct, but his predictions for short term have played out.

Ok, which country banks do not use metal back currency?? ~ALL of them, including China. China recommended its citizen buy into a "gold " saving account, where paper currency was entered as gold amount, but when the citizen wanted to withdraw it ( few did), it was converted to Paper money and the gold stayed with the bank. Paper money may be in its last years, but metal won't replace it, digital accounts will, and we won't even have paper money any more

 

This will be a reality at some point in the future but it won't happen anytime soon. The Federal Reserve controls the paper money in the United States, they aren't going to lose that power without a fight.

 

I be buying now, dawrg.

 

I am not a Silver Bug but when I can purchase graded 69 Silver Eagles @ $25 to $26 each, I buy them. Heck if I buy 100 of them over the coming months, my investment is still below $3000.

 

I am just curious, what value do you find as being added by them being in MS69 slabs? Proof they are authentic? To me, a MS69 ASE is a reject from the submission hoping for 70's. TO me, they are worst than raw ones, since you are SURE none are 70's, where is you buy raw some of them might be.

IOW, I am suggesting buying raw ASE's for $20 rather than MS69's ones for $25. Think about it, you will get FIVE coins for the price of 4 slabbed ones! IMOH a 69 ASE will never be worth more than melt, so why not get as many ounces as possible for your money?

 

I will agree with you but it seems like most people will pay a small premium for a 69 graded coin. It will always be a 69, where as raw coins if not stored correctly will get bumped and banged up.
Any way I think that buying silver right now in small amounts is a good thing, I am mostly a proof gold buyer at heart though.
http://www.ebay.com/itm/251690714409?_trksid=p2059210.m2749.l2649&ssPageName=STRK:MEBIDX:IT

 

I'm buying, and will buy more and more, until the prices goes above $25-$30... see racked stacked photo. Don't care what anyone else thinks. I've learned in my 50 years to buy when everyone else says not too. Why would you buy that ? I bought a Ruby and Gold bracelet for my wife when gold was $200 an ounce and everyone thought I was stupid.
Besides, some of the silver is downright pretty, though some much less so.

This year's purchases and about another 400 ounces in the safe. Pic includes Fishing Grand Slam, Canada $5 birds, GSM Indian rounds, 1983 Engelhards, some cook islands, and Highland mint morgan style all with scratched faces.. but it's still silver.

 

Very nice Silver Stack I say invest your money in what you believe in. Here's my Ebay Store, this is what I invest in

http://stores.ebay.com/silvereaglescc?_trksid=p2047675.l2563

 

Actually, the Fed Reserve controls much more than paper money. They also influence monetary policy, which includes electronic monies. This is primarily done through issuing bonds and treasury bills. Do you really think they care if those bonds eventually find their way to paper dollars or if they remain electronic?

 

They don't care what it is, as long as it's denominated in Dollars. We want to hang on to the world's reserve currency status as long as possible. Cracks are stating to form, but people still want their money denominated in the dollar. It's simple, they want it to hold its value.

 

To the OP: I picked up another order of silver this morning. After shipping and markup, I still got it for under $18/oz.

 

Silver really tanked this morning.

 

Wow! I hadn't checked yet this morning.

We're almost at a five year low. Time to go shopping!

 

Should I wait for the close before jumping?