Silver - The Retaking of Twenty

[crazychicken]

Hey stranger.

Hey.

When you coming through?

CC

[AMforPM]

I see price explosions in both gold and silver but when is a mystery to me. Strawboss makes sense.

So much money will be running for cover, and it has started, that there simply isn't anywhere near enough of gold or silver at anything near these prices. So as more money runs for cover, the upward pressure must intensify.

How long the show can be dragged out I have no clue. This feels like a big rally. But I am well aware that the mafia has lots of cards up their sleeves. They just, as the kaiser clip explains, stopped a trust busting legislative action via open financial terrorism. They are so into their pugnacious attitude that they are willing to rub the public's collective nose in it. Personally, I think history generally reveals that such extreme arrogance leads to prison cells. When is still a question.

Gold has gotten the recognition as currency much sooner than silver, but as pimples says, my experience has been that poor bad mouthed silver has done about as well as gold so far.

IMO long term silver will outperform gold due to scarcity, the exact condition that has made it easy to rig, but won't for much longer.

Sinclair speaks of the physical market overwhelming the paper market in gold. Consider how little silver there is to cover all that has been 'sold'. Consider how small a percentage of the trillioms of cash has to buy silver bullion to overwhelm that paper market. It has looked to me as if the uber rich have been told to keep their mitts off physical silver because of that problem, but that won't stop the large numbers of ordinary Asians. And they could buy all the physical for sale in a day if they get just a little more worried about paper. They have the savings, and though they prefer gold, if gold is sold out, or if they are not in gold's price league, I think many will buy silver.

Then consider Germany. Kaiser says the shelves are bare of gold. Won't some of those disappointed gold shoppers buy silver? Kaiser reminds us that lots of living Germans have experienced currency collapses and are frantic to convert paper to tangibles. In the Weimar times they bought anything real, even things as weird as bedpans. Silver will move off the shelves ahead of bedpans.

I look at threads here where guys went in to US coin shops to buy gold and picked up some silver. There is so little that it does not take that many of them doing that to clean out the silver too. Additionally J6P is barely beginning to edge up to PM. By the time he arrives in even, oh 5% of the guys out there, gold will be gone and that will finish off silver on the shelf.

Now it will go both ways. If some still have mom's silver table settings and have to pay the house note, we will get selling from that portion of the public. But I don't see that covering the ocean of fiat looking for metal to buy.

So I only wish I had more silver. Because the turbulence may get fierce, I switched my buying pattern to life support as in food, clean water, etc. But though the date is a guessing game for me, I feel confident that silver will zoom and the moon is its destination.

[lhslancers3270]

I don't know how anyone can say there is a Silver shortage when dealers pay under spot for it. Gold demands a premium when you sell it not Silver. I don't get it.

[Irons]

I see price explosions in both gold and silver but when is a mystery to me. Strawboss makes sense.

So much money will be running for cover, and it has started, that there simply isn't anywhere near enough of gold or silver at anything near these prices. So as more money runs for cover, the upward pressure must intensify.

How long the show can be dragged out I have no clue. This feels like a big rally. But I am well aware that the mafia has lots of cards up their sleeves. They just, as the kaiser clip explains, stopped a trust busting legislative action via open financial terrorism. They are so into their pugnacious attitude that they are willing to rub the public's collective nose in it. Personally, I think history generally reveals that such extreme arrogance leads to prison cells. When is still a question.

Gold has gotten the recognition as currency much sooner than silver, but as pimples says, my experience has been that poor bad mouthed silver has done about as well as gold so far.

IMO long term silver will outperform gold due to scarcity, the exact condition that has made it easy to rig, but won't for much longer.

Sinclair speaks of the physical market overwhelming the paper market in gold. Consider how little silver there is to cover all that has been 'sold'. Consider how small a percentage of the trillioms of cash has to buy silver bullion to overwhelm that paper market. It has looked to me as if the uber rich have been told to keep their mitts off physical silver because of that problem, but that won't stop the large numbers of ordinary Asians. And they could buy all the physical for sale in a day if they get just a little more worried about paper. They have the savings, and though they prefer gold, if gold is sold out, or if they are not in gold's price league, I think many will buy silver.

Then consider Germany. Kaiser says the shelves are bare of gold. Won't some of those disappointed gold shoppers buy silver? Kaiser reminds us that lots of living Germans have experienced currency collapses and are frantic to convert paper to tangibles. In the Weimar times they bought anything real, even things as weird as bedpans. Silver will move off the shelves ahead of bedpans.

I look at threads here where guys went in to US coin shops to buy gold and picked up some silver. There is so little that it does not take that many of them doing that to clean out the silver too. Additionally J6P is barely beginning to edge up to PM. By the time he arrives in even, oh 5% of the guys out there, gold will be gone and that will finish off silver on the shelf.

Now it will go both ways. If some still have mom's silver table settings and have to pay the house note, we will get selling from that portion of the public. But I don't see that covering the ocean of fiat looking for metal to buy.

So I only wish I had more silver. Because the turbulence may get fierce, I switched my buying pattern to life support as in food, clean water, etc. But though the date is a guessing game for me, I feel confident that silver will zoom and the moon is its destination.

Very well put! :23_28_100s:

I just pick on silver so all my pals here can give me daily I told you so!! beatings when I'm proven wrong!:beer1: I'm here to help!!:thumbs_up:

[Strawboss]

I knew it!
Very well put! :23_28_100s:

I just pick on silver so all my pals here can give me daily I told you so!! beatings when I'm proven wrong!:beer1: I'm here to help!!:thumbs_up:

[ccjoe]

Silver will be $340 an once.

When and why?

[SilverBullie]

At my dealers there's been more way more gold then silver available.

[dirt to oil]

Hard to say. People are moving mass amounts of money out of other currencies and into the dollar, also away from stocks as the dollar index increases. When people wake up to the fact that nothing is supporting the dollar many more will move to metals. What happens next is going to be interesting. We can't look at history on this one, all new territory ahead. Watch oil prices! I question weather most people will wake up at all and start buying PMs .there was a video of a guy trying to sell a gold 1oz maple for $50 it went on for about 10 min with about 20 different people and they all refused, it was actually kind of funny , tragic but funny

[RoyalBeluga]

I question weather most people will wake up at all and start buying PMs .there was a video of a guy trying to sell a gold 1oz maple for $50 it went on for about 10 min with about 20 different people and they all refused, it was actually kind of funny , tragic but funny

I watched that and to be honest with you .... it kinda looked staged :23_28_100s:

[yunowu]

bought another 400 ounces today...go silver

[lhslancers3270]

At my dealers there's been more way more gold then silver available.

I don't know where you shop but one of my local thieves I mean dealers could get as much Silver as you could drive away in a truck with. He said it might take a couple of days to get 50 American Gold Eagles. If Silver is so rare why do dealers pay under spot for it and pay over spot for Gold? Hmm.

[Gcubed]

I don't know where you shop but one of my local thieves I mean dealers could get as much Silver as you could drive away in a truck with. He said it might take a couple of days to get 50 American Gold Eagles. If Silver is so rare why do dealers pay under spot for it and pay over spot for Gold? Hmm.

Thieves is such a harsh word!

[lhslancers3270]

Thieves is such a harsh word!

Present company excluded of course. How's about 11500 versus 13000 for $1000 face and 80 over versus 50 over for AGE? He was doing a favor paying 11500 mind you. He didn't want/nor need it.

[Irons]

I don't know where you shop but one of my local thieves I mean dealers could get as much Silver as you could drive away in a truck with. He said it might take a couple of days to get 50 American Gold Eagles. If Silver is so rare why do dealers pay under spot for it and pay over spot for Gold? Hmm.

I stopped by my coin guy's again today and no gold, 50-60oz silver eagles and generic. He said gold makes a whooshing sound as it flies through.
Then he asked me again if I would sell him any. :hmpf:
Like I could afford anything like that!:damnmate:

[Gcubed]

Present company excluded of course. How's about 11500 versus 13000 for $1000 face and 80 over versus 50 over for AGE? He was doing a favor paying 11500 mind you. He didn't want/nor need it.

It's gonna get even crazier "on the street" ;)

[Argent Dragon]

Great timing for this thread, check this out guys !

http://www.kitco.com/images/live/silver.gif (javascript:NewWindow('/glossary/markets.html','AU','top=50,left=200,width=500,heig ht=350,scrollbars=yes'))

[CQC McDuck]

I always liked silver. :)


Now hurry up and break $20.79 you dog! :realmad:

[Irons]

I always liked silver. :)


Now hurry up and break $20.79 you dog! :realmad:

....................

[GoldWampum]

Anything short of a new high is failure. 20 don't mean squat. gold has made a new high. It's telling us where it wants to go, but just not telling us when. Silver tells us the opposite of shinola until it makes a new high. Failure would likely mean we are watching the ratio separate.

[Irons]

Anything short of a new high is failure. 20 don't mean squat. gold has made a new high. It's telling us where it wants to go, but just not telling us when. Silver tells us the opposite of shinola until it makes a new high. Failure would likely mean we are watching the ratio separate.

If the ratio gets into the 50's again goodbye to the rest of my silver. That is if anyone will trade it this time.

[Nickelless]

.I ain't to worried about that RB, You will see these outside your window before you ever see $50 silver

1562

Yep, I predict squadrons of flying pigs before $50 silver.

I find it hard to believe that any serious GIMer would talk about buying gold as a hedge against inflation while dismissing the possibility of $50 silver in 2010 dollars, when $50 silver in 1980 dollars, when it hit that mark, would be north of $250 today.

[ragin1]

Irons, I find your comments on Silver hurtful and mean spirited.
LOL!
The only way to make money on silver is to sell on the up. Same with gold. Remember
$4 silver and $4000 cars? What's silver worth now, and whats a car worth now? It's
just something mankind deems valubal enough to barter.

[Nickelless]

LOL!
The only way to make money on silver is to sell on the up. Same with gold. Remember
$4 silver and $4000 cars? What's silver worth now, and whats a car worth now? It's
just something mankind deems valubal enough to barter.

Sell only on the up? What about before 1965 when silver was still circulated as the money that it still is and will be?

[ragin1]

That was over 40 yrs ago. if we could go back and aquire, then move forward and turn over, that would be grand. We have to work in the time we are. We have 2 choices, buy, hold, then sell at some future price, or buy on the down, sell on the up. If your buying to hold, why care about the spot today?

[Irons]

I find it hard to believe that any serious GIMer would talk about buying gold as a hedge against inflation while dismissing the possibility of $50 silver in 2010 dollars, when $50 silver in 1980 dollars, when it hit that mark, would be north of $250 today.

That day silver hit $50 how much do you think you could have sold it for? A few places paid maybe $35 for a while and they quickly went under because silver dropped faster than they could get rid of it. The dealers that survived that fiasco will not be making that mistake again.

[andial]

1. andial
2. anywoundedduck
3. booty
4. Buffalo
5. covshark
6. FunnyMoney
7. itztoxic
8. Metalsmith
9. mooshcook
10. NEBULOUS
11. ppius13
12. RoyalBeluga
13. sircruz



We are almost there guys!

[lhslancers3270]

That day silver hit $50 how much do you think you could have sold it for? A few places paid maybe $35 for a while and they quickly went under because silver dropped faster than they could get rid of it. The dealers that survived that fiasco will not be making that mistake again.

For physical bagholders that is the fallacy of outperformance of Silver over Gold in a nutshell. The GSR too because unless you can sell for spot it don't mean squat.

[FunnyMoney]

...unless you can sell for spot it don't mean squat.

Selling won't be a problem where we're headed. Your problem will be the ability to not sell while you're tired, hungry and without a job.

Numbers have no limit, you can add zeros to the paper for, well, basically forever. The capability to mine silver in large quantities does not have that kind of lifespan. It's the middle of may, twenty is now only a few percentage points away. I do not believe 20 will present the same kind of problem for silver that 1000 did for gold. In any event, the more important question will be how long can you hold onto it.

[RoyalBeluga]

We are almost there guys!

Ok now I'm paranoid, what is The Twenty? and why am I on the list?

[Merlin]

I used the goal seek tool in Excel to calculate where the price of silver would have to fall for me to break even. It was $8.31 on purchases made between 2004 and today. Admittedly, my purchase of a lot of 90% and 40% early on skews the results. But don't tell me that silver isn't performing. Some of you folks don't have very long horizons. I'm looking at a 6 year history.