Silver! Who Is On This Train?

PeachOibleBoiblePeach#1 said:
I thought when that when paper goes low silver will rise,,,It's crazy and a awsome hobby,,,I think both will make it at these crazy time's,,,The bubble is deflating and I like it:hump:
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By paper price i mean ETF and Futures markets which are 99% settled in more paper (Dollars) instead of actual metal deliveries. If you go to your local dealer you won't be able to get any physical without a higher premium than last year due to actual metal shortages. People with strong hands are holding their physical and not selling it, the only silver that is selling is the paper contracts at the exchanges. I know you collect so premiums can be wild depending on the scarcity so you may not notice it as much as I do.
 
I've got some gold, silver, and copper. I like other commodities too like Light Crude Oil but I am so nervous to get into day trading. I like too but there is so much confusing information out there, I don't know who or what to trust.
 
I wish I could find the article I read, but it stated that silver production would decrease with declining economy because 70 percent of silver mined is a by product of mining other metals. This is foretasted to increase the silver deficit.

But to counter the idea wouldn't manufacturing use less silver in a declining economy? hmmm just something to think about.
 
Ready for a major spike in price 2 dollars in one day on a Friday. I bet we see 40 dollar silver in less than two weeks.
 
With the current economy, silver and gold are bound to continue upwards. People who say that gold is being manipulated and inflated by big money in America are wrong. Gold is being bought by the major countries who have huge reserves of US dollars, and they understand that the US reserve will inevitably get flushed down the shit hole if this country doesn't change direction soon, and it won't change direction soon. Humans are procrastinators by nature, so for us to see a fix, this fix will probably occur after a breaking.

Let the train ride, because paper isn't worth shit.

Anything that can be exponentially created (paper money), will always face pitfalls if used as a currency through human manipulation. Look at our current levels of inflation... if you wan't to argue against this, you're simply ignorant. Anything that has logarithmic growth in regards to being "created" is the ideal substance for a currency, such as metals because it cannot be manipulated by humans.

Humans will always cause issues with anything that they can control, dictate, manipulate, or govern. Humans can't do this with mother nature (right now).
 
Well in all reality if the US dollar fail's the whole world will fail even worse. and in real times of desperation water,food,guns and bullets along with shelter is something gold,silver or dollar's will not buy IMO.
 
PeachOibleBoiblePeach#1 said:
Well in all reality if the US dollar fail's the whole world will fail even worse. and in real times of desperation water,food,guns and bullets along with shelter is something gold,silver or dollar's will not buy IMO.
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i agree for that type of desperation guns and ammo water food (and a nice pack of seeds). thats like the book of eli/waterworld desperation. dnt think that will happen in are life time unless we end up being nuclear war survivors. dnt thnk gold or silver will do any good in that type of desperation. its funny cuz all my pothead friens thinks that is exactly how the world will end up....
 
when buying silver from a local store what is a normal percentage to pay over the price of silver. as most places dont sell at the going rate.
 
Has anyone ever looked into the Comex reserves reported ready for delivery. I try to understand how the price works, but everything I read makes no sense.

I've read that they report reserves that is silver that is in the ground. But it has already been purchased at a set price by a group like JP Morgan and others. Then they can sell that "Future" to other people and the Silver really doesn't exist in physical. It is still in the mine.

That is why they say that all these futures sales makes it look like we have more silver reserves than we do. When the silver isn't really silver its just worthless paper, created by a mine and a purchaser.

How can you consider that piece of a paper value and why do they allow futures to effect current prices?

Anybody clear this up or have anything to dicuss about it?
 
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