patrick.net

Silver is not a good asset as gold.

Silver, along with black, is a Raiders' color.
Gold, with red, is the 49ers.

Charts like that dont suddenly resume the uptrend id be planning for $20 silver or less

I'm hoping for some kind of bottom in July that will provide an excellent buying opportunity and then a continuation of the long term bull market. Currently the silver supply/demand picture is worsening. Europe's continuing to fall apart. Banks are deleveraging... Doesn't look good.

Higher rates in the future are driving home sales now as borrowers will be rewarded with inflation. Metal prices are supposed to be further depressed when rates begin moving up in a year or two. Don't know if that's really going to be the case, but the dollar is a bit stronger right now as well.

I'm somewhat surprised at the current moves lower; I've read claims it is because of the dollar strnegthening against the Euro. I guess the people who said it had a floor at $32. oz were wrong.
I was going to buy some more, but I'm holding off for now to see how much further it drops.

I would F#$% a duck to buy Silver at any price in between $10-$15
this year. Thanks

scumbag, I dunno about all that. But I know that gold has been subject to "capital controls" kind of laws in the USA before. I wouldn't rule it out again. In that case, hoarder bugs will covet the silver instead.

When silver hit 27.20 today I couldn't resist and bought a 100 more ounces. Morgan Stanley predicts an average price for gold of $1,825 this year and $2,175 in 2013. If silver maintains it's current ratio to gold, that would put silver at average of 43.50 in 2013. Or there could be a deflationary collapse and the price of everything could fall out of the sky. Somehow I doubt Helicopter Ben is going to let that happen... unless there's actually a plan to let all fiat currencies completely collapse and create something new from the ruins... Who knows?

Monkeyswing says

Morgan Stanley predicts

Now there's some words of wisdom to consider!

B.A.C.A.H. says

Monkeyswing says

Morgan Stanley predicts

Now there's some words of wisdom to consider!

Haha, ya, you got a point!

I think that there are those that think that silver will go down to $20.
Could be, but more likely at most level off in the $24 range for a while.
Last time I bought silver rounds it was $17. Don't really care what
price it goes to. I view gold and silver as portable land. You can't eat it,
but it can be used for barter. In the 80's some people were accepting
silver for cars. These things are more insurance than money making
items. Please don't get caught up in all the hype one way or another.
Kids like shiny stuff so buy a few rounds for your grandkids and stop
worrying so much.

silvertwilight says

Don't really care what
price it goes to. I view gold and silver as portable land. You can't eat it,
but it can be used for barter.

Not true. Historically, no society after financial collapse has used precious metal as barter. Weimar Republic citizens, during hyper-inflation, used food, clothing, and hygiene materials as barter. During Katrina (natural disaster form of social collapse), bottles of water were reported to be the barter of choice. You carrying around bags of gold/silver will get you into trouble real fast.

So, for doomsday insurance, I think it's better to keep a farm than precious metal. But then again, I'm not a believer in doomsday... you are only right once, ever.

Louise Yamada on Silver's decline: "With silver, we suggested $25. It’s approaching that level relatively quickly. If it breaks that, you are really coming under the trendline for silver, and the momentum studies have turned negative again on the weekly basis. If for some reason $25 doesn’t hold, you go all the way back to the 2010 breakout. Meaning silver could make its way back to $20.”

If this happens, does anyone know if silver will still be in a bull market?

The problem I have with silver is that the price has doubled in 3 years which seems to be more speculation than actual inflation.

Has your rent doubled in that time? Have gas prices doubled? If no then silver has gotten ahead of itself. Theres a risk that if the fed doesnt announce more qe the price of silver will fall.

toothfairy says

The problem I have with silver is that the price has doubled in 3 years which seems to be more speculation than actual inflation.

Has your rent doubled in that time? Have gas prices doubled? If no then silver has gotten ahead of itself. Theres a risk that if the fed doesnt announce more qe the price of silver will fall.

Then the problem I have with Gold is that the price has doubled in the last 3 years which seems to be more speculation than actual inflation.

Silver is below the historical ratio in price compared to gold.

It is a far better buy.

And I agree with people saying that walking around with bags of gold and silver trying to barter is a very good way to attract unwanted attention & very quickly have yourself get robbed.

I believe silver and gold should only be used as a life savings account and an investment account. Do not use it as a checking account. Consider it a retirement, wealth preservation and savings account.

toothfairy says

Theres a risk that if the fed doesnt announce more qe the price of silver will fall.

You are looking at a very short-term picture. Silver is at the very least a 10-year investment. More like 30 years for me personally the least.

Robber Baron Elite Scum says

You are looking at a very short-term picture. Silver is at the very least a 10-year investment. More like 30 years for me personally the least.

Funny, that's how I look out real estate... as a 30 year investment.

Silver may have a few bumps here and there on the price but the long-term outlook within 10 years is nothing but appreciation above inflation due to industrial demands more than it's available supply and it's production less than what demand wants.

BoomAndBustCycle says

Robber Baron Elite Scum says

You are looking at a very short-term picture. Silver is at the very least a 10-year investment. More like 30 years for me personally the least.

Funny, that's how I look out real estate... as a 30 year investment.

The greatest value in any real estate assets is mainly always in the land. How big it is and where it is located.

Both in commercial and residential.

Buildings eventually all need to be demolished and cost money to maintain along with utilities.

I would much rather have a 1,000 sq ft home in a wealthy neighborhood with 2 acres of land rather than a 3,000 sq ft home in a average area on a 8,000 sq ft lot.