Silver! Who Is On This Train?

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NoDrama

Well-Known Member
silasraven said:
37 million in silver was found over the week end and hauled out of the ocean and i still have no clue how the price isnt tanking.
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1.8 million ounces is what they hauled out. 61 tons http://www.cnbc.com/id/100903743

That will supply industry for almost 18 hours. http://www.bullionstreet.com/news/electronics-industry-uses-320-tons-of-gold7500-tons-of-silver-annually/2255

its not that much.

When the US dismantled the calutrons at Oak Ridge, the silver used for the magnet windings & wiring weighed 13,540 TONS and was sold into the market. the price of silver went from $6 to $4.
 
M

MircalGrow

Member
I am a dealer and I am not on the train like all of you. Lol I am a firm believer in that this is not the first time, and as interests rates rise and housing recovers, the price of metals will fall. But if your long term buyer please buy away. If you buy at a all time high and sale 25/30 years later i will guarantee that you will have made on average 2% a year because of the Feds long time policy of 2% inflation. This comes from me dealing with old timers who bought at the previous highs in 1980 and sold at highs in 2011. Me poking around for info and me doing the math. Just saying, but what do I know?

This is my 7th year in the biz, I am in my store 6 days a week and have read read and re read many things, and I do feel like I have good deal of knowledge about economics and how the fed really works, instead of the conspiracy theorist out there that are so well tied to gold and silver now days. It is a sound place for money to be stored to preserve wealth and that is it's best use. If you were to pick a good stock and keep it the same 25 to 30 years you will make more money. IMHO
 
Balzac89

Balzac89

Undercover Mod
MircalGrow said:
I am a dealer and I am not on the train like all of you. Lol I am a firm believer in that this is not the first time, and as interests rates rise and housing recovers, the price of metals will fall. But if your long term buyer please buy away. If you buy at a all time high and sale 25/30 years later i will guarantee that you will have made on average 2% a year because of the Feds long time policy of 2% inflation. This comes from me dealing with old timers who bought at the previous highs in 1980 and sold at highs in 2011. Me poking around for info and me doing the math. Just saying, but what do I know?

This is my 7th year in the biz, I am in my store 6 days a week and have read read and re read many things, and I do feel like I have good deal of knowledge about economics and how the fed really works, instead of the conspiracy theorist out there that are so well tied to gold and silver now days. It is a sound place for money to be stored to preserve wealth and that is it's best use. If you were to pick a good stock and keep it the same 25 to 30 years you will make more money. IMHO
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The stagnant economy is going to kick into reverse when they start raising rates later this year wait and see.
 
gamebreaker81

gamebreaker81

Member
Do you buy name brand silver???? Or just buy silver with the lowest spot price?? I was wondering if its easier to sell engelhard, Johnson Matthey, Scottsdale etc... Or at the end of the day silver is silver and its gonna be sold at spot price so paying a premium for a name is dumb...
 
Harrekin

Harrekin

Well-Known Member
Balzac89 said:
Junk is the magic word
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Broken sterling cutlery, jewellery, etc is also an excellent way to buy cheap as chips silver.

Was thinking of picking up some nitric, refining it to .999 and then pouring my own ingots to keep for the long-term.

What's better, keep it as broken junk or refine and pour yourself?
 
N

NoDrama

Well-Known Member
MircalGrow said:
and as interests rates rise and housing recovers, the price of metals will fall.
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So, when interest rates are at 10% for a 30 year mortgage this will help people buy more homes how?

If you pick a good stock?

So in other words you are telling people to make an unknown bet with their money in the hopes that they just happened to "pick" a good stock?

So many people thought they "picked" a good stock with Enron, Woldcom and others.

Stocks are very risky, especially right now in bubble territory, most companies are not making much if any profit. If the Fed stops the presses, stocks will fall, mightily.

Buying stocks is not investing, buying stocks is speculation.
 
B

budsmoker87

New Member
anybody interested in other minerals?


I went out in the woods yesterday with a hammer and chisel. found a shit ton of quality crystal quartz. I want to find amethyst and peridot
 
B

budsmoker87

New Member
buying metals is just as speculative in the short term as stocks

my brother put 20k in an etrade account and made 2,500 over the course of a year, from last November till now. so he made 1/8th of his investment, or in terms of percentages, 12.5%


the only thing i can say with certainty is that you MUST think mid-term in this kinda market place, with most investments (a year or two) then reassess
 
Balzac89

Balzac89

Undercover Mod
budsmoker87 said:
buying metals is just as speculative in the short term as stocks

my brother put 20k in an etrade account and made 2,500 over the course of a year, from last November till now. so he made 1/8th of his investment, or in terms of percentages, 12.5%


the only thing i can say with certainty is that you MUST think mid-term in this kinda market place, with most investments (a year or two) then reassess
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I have an etrade account. I just don't trust stocks. People panic metal doesn't
 
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