Hi, ho... SILVER!

For the record, I am not negative about gold. Or silver.

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This is a precious metal investment I can be comfortable with. I'd put silver bullets in it.
 
Also that if you are paying attention you can see disaster coming and take certain measures.
Yep.

It is also said the world economy is controlled by a small circle of people. No kidding.
This was true.

FWIW, it's not difficult at all to move silver if you want to sell, or other precious metals for that matter, outside of something like the smart money wallet system.

A big chunk of my portfolio are paying quarterly dividends while I do nothing. I don’t have to buy or sell or convert anything.
Sounds familiar.
 
Silver hit just shy of $104 today.

Gold is a few cents off of $5000.
 
Dang! woulda, coulda, shoulda. I missed the boat on that one.
 
That’s a nice pop. Still, compounding and earnings wins every time.

A $100 investment in gold in 1971 would be worth approximately $7000

The same investment in the S&P 500 would be worth about $36,000
 
That’s a nice pop. Still, compounding and earnings wins every time.

A $100 investment in gold in 1971 would be worth approximately $7000

The same investment in the S&P 500 would be worth about $36,000

Five year comparison:​

Gold:

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Going back even farther back to 1996:

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Silver:

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Certainly, diversification is a good principle to follow.
 

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Gold crashed 27% in 2008. Silver 57%. Both recovered in about three years. Securities tanked as well. Point being, there really is no safe haven in metals. It’s an illusion. Like anything else, if you pay attention and buy on the dips you can do well. That’s hard to do. Insiders have all the cards.
 
Gold crashed 27% in 2008. Silver 57%. Both recovered in about three years. Securities tanked as well. Point being, there really is no safe haven in metals. It’s an illusion. Like anything else, if you pay attention and buy on the dips you can do well. That’s hard to do. Insiders have all the cards.

Oh, I thought it was "common knowledge" that precious metals are a HIGH risk / volatile investment.

Also true about insiders. In the case of silver it's the US banks trading PAPER silver. But now they're in a bind. Like serious trouble. Investors can now buy silver here and sell it in China (where the value is based on supply / demand of PHYSICAL silver) for a profit ("arbitrage").
 
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Oh, I thought it was "common knowledge" that precious metals are a HIGH risk / volatile investment.

It's funny how a lot of people believe the opposite. There's nothing wrong with owning metals as an investment as long as you are wisely diversified. I think part of that myth about gold (and more recently silver) comes from being able to hold it in your hand. Others are the same way about land. You can hold the dirt in your hand and walk your property line. It feels more real than owning shares in a company.
 
It all fluctuates. There's no safe haven in ANYTHING in world investments as it all can crash, to be quite frank. Pick your assets as wisely as you can, diversify. I see no gold vending-genie in stocks. And the brokers make their cut whether you win or lose.

We've have turned quite a profit in silver thus far, and no, it isn't going to go back down to 20-40 bucks an ounce. That's over. The artificial suppression and manipulation by the banks has run its course.

Too much demand by investors, too much paper silver in the market without real substance, and more importantly, too much demand in this post-modern era in the manufacturing sectors and not enough silver to go around (and much of that silver can't be harvested and re-used again)... to say the least.

They aren't creating any more real estate, and they still haven't figured-out how to create any more precious metals by alchemy.

Now of course the un-Federal Reserve created paper notes out of thin air.....and that crap is over...fiat is on its way out. We will see nations valuing their currency on the assets on their balance sheet- metals, minerals, other natural resources, reserves, and so forth.

Of course- many people think that inflation us caused by the cost of making things going up ('oh things are just getting more expensive'...) , when in all reality, they don't realize that it's the severely declining value of our fiat currency that creates inflation, it loses its buying power, and creates higher prices on goods & services, etc.
I think part of that myth about gold (and more recently silver) comes from being able to hold it in your hand. Others are the same way about land. You can hold the dirt in your hand and walk your property line. It feels more real than owning shares in a company.
Ah yes, a myth that you can actually hold in your hand. snort. Oxymoron alert.

Insiders have all the cards.
And Congress are some of those people (!!). Pukes. And that's coming to a screeching halt.
 
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The end of fiat and potential end of the central banks controlling the money supply?

I’m not going to hold my breath waiting for that to happen.

The more likely scenario is money as we know it disappears and the world operates on a system of ‘credits’. The Chinese are already dabbling in this. Good or bad? That’s not the point.

It’s true You can profit from buying and selling anything that has value. The question is what will you legally be allowed to trade in the future?

Money is power and no one gives it away.
 
And Congress are some of those people (!!). Pukes. And that's coming to a screeching halt.
I agree but don't share your confidence in that.

On a grander scale the New World Order is not collapsing. They are just being forced to change their game plan.
 
The US banks (in collusion) keep trying to smash the price down, but they've lost control. New highs for both silver and gold. Silver hit $120 overnight but is back down to $118. Wow.

ETA: Back to $120 now.
 
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When I see spikes like silver has taken that I wait for gravity or Newtons 3rd Law to kick in.

History shows us bubbles in commodities are temporary. I'll be shocked if silver isn't at 50-60 bucks/oz before end of year. If I had bought it a year or two ago, I'd be selling right now.
 
To assuage my butthurtedness on not getting on this I
processed 2 buckets of wheel weights yesterday, ending
up with 75 1lb ingots of bullet metal.

Gotta find solace for my shortsightedness somewhere...:(
 
To assuage my butthurtedness on not getting on this I
processed 2 buckets of wheel weights yesterday, ending
up with 75 1lb ingots of bullet metal.

Gotta find solace for my shortsightedness somewhere...:(
I recently went shopping for lead shot to fill a shooting bag and couldn't believe the price for a 5 lb package. I need 15 lbs. Not happening. Sand is free.
 
When I see spikes like silver has taken that I wait for gravity or Newtons 3rd Law to kick in.

"Spike???"

One year:

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5 years:

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I dare suggest those aren't "spikes." There is a very clear trend.
 
History shows us bubbles in commodities are temporary. I'll be shocked if silver isn't at 50-60 bucks/oz before end of year. If I had bought it a year or two ago, I'd be selling right now.
My wife just texted me...

Last week, Goldman Sachs set a price target for gold for $5,500 by the end of the year. New target is $8,500.

I don't know if they set a similar target for silver. I just asked her. She just replied...

No, but the general consensus is $150-$220. It's at $121 right now.
 
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