coaster-excellent ? i would like to know myself. everybody and her brother is saying buy but also that silver will be very volatile. but in the long run it will increase big time. i have some slv and gpr wich i have made money on and still have. i also have a bunch of penny silver stocks that i am hoping increase big time......
they just changed the margin requirements or something like that this week....the shortage has been mentioned since the dawn of time...maybe its legit now since the price is sky rocketing and theres obvious interest....i would assume the bankers and comex just change the rules as they go in order to prevent anything from happening....i hardly think that the feds would allow the comex to be brought down....
the last time silver spiked it was cuz the hunt brothers cornered the market...well the rules got changed and they were forced to sell and the bottom fell out....ive lightening my position since the 20's....little bit every week...
the last time silver spiked it was cuz the hunt brothers cornered the market...well the rules got changed and they were forced to sell and the bottom fell out....ive lightening my position since the 20's....little bit every week...
Story goes like this. For many years the government has manipulated gold/silver down thru its vehicles of fraud, Comex and more recently the ETF's gld and slv, to prop up the dollar and fiat money in general. They have done this primarily by naked shorting into the market with JPM, HSBC and a couple others. At this moment the commercial banks have a large short position which is not supported by any metal.
In recent times this tale has gotten out and now big hitters, especially from Asia, have been using the Comex scam to their advantage by taking long positions and asking for delivery. Because the futures market is, perhaps was now as margin requirements keep bumping up, so leveraged and is mainly a huge casino for speculators and schemers the idea of taking delivery of bought long contracts was a rarity. Thus the scam perpetrated by the government with the banks remained intact.
imo silver probably has another 50+ bucks to go before it finds its true value, maybe higher who knows. It will most likely overshoot and form a bubble eventually as well though.
Silver still a great investment at current prices, and the miners should do even better.
In recent times this tale has gotten out and now big hitters, especially from Asia, have been using the Comex scam to their advantage by taking long positions and asking for delivery. Because the futures market is, perhaps was now as margin requirements keep bumping up, so leveraged and is mainly a huge casino for speculators and schemers the idea of taking delivery of bought long contracts was a rarity. Thus the scam perpetrated by the government with the banks remained intact.
imo silver probably has another 50+ bucks to go before it finds its true value, maybe higher who knows. It will most likely overshoot and form a bubble eventually as well though.
Silver still a great investment at current prices, and the miners should do even better.
Silver should be trading 80-100 right now.
Still undervalued.
Just watch Joe Public though I was told.....right now the public is still selling their gold and silver. Once they realize what is going on (they will be late to the party too), then you will know it is time to sell b/c it will then be overpriced and like HP said in a bubble. When and where, who knows.
Still undervalued.
Just watch Joe Public though I was told.....right now the public is still selling their gold and silver. Once they realize what is going on (they will be late to the party too), then you will know it is time to sell b/c it will then be overpriced and like HP said in a bubble. When and where, who knows.
I've dumbed it down for myself.
The entire world(except China) owes a ton of money(fiat) but they don't pay back in gold or silver.
The debtors have to pay back in paper not metal.
China is buying metal but lessening US treasuries(paper).
What ya gonna do? Print your faces off.
One of the problems with democracies is getting elected is more important than making good decisions.
Like lowering debt and entitlements........that won't get you elected.
China is not beholding to voters and is doing what it sees as the right thing.
They plan on ruling the world.
I am adding 20% to PM's as of tomorrow.
If no inflation(doubt that) I will still be fine. Slightly poorer but fine.
A decent hedge considering this is one phucked up investment climate.
Input appreciated.
The entire world(except China) owes a ton of money(fiat) but they don't pay back in gold or silver.
The debtors have to pay back in paper not metal.
China is buying metal but lessening US treasuries(paper).
What ya gonna do? Print your faces off.
One of the problems with democracies is getting elected is more important than making good decisions.
Like lowering debt and entitlements........that won't get you elected.
China is not beholding to voters and is doing what it sees as the right thing.
They plan on ruling the world.
I am adding 20% to PM's as of tomorrow.
If no inflation(doubt that) I will still be fine. Slightly poorer but fine.
A decent hedge considering this is one phucked up investment climate.
Input appreciated.
