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...And $45

Submitted by Tyler Durden on 04/20/2011 10:56 -0400

From $44 to $45 in 13 hours. At this rate $46 in 6.5 hours. Thank you Chairsatan Benzebub.

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Thu, 04/21/2011 - 04:30 | 1191574 ZFiNX

I do know my history..sir- in the ultra-long-term, you're correct, however, if you take into account it took SEVERAL centuries for these historical defaults to occur from the first debasement to the collapse, you will understand this is just a signpost on the centuries-long road to default, not the end-of-the-fiat-as-we-know-it, and when it does happen, you will be long dead, so for now just enjoy the ride.

Thu, 04/21/2011 - 00:04 | 1191214 Hephasteus

So elite. So powerful. So slick. So ahead of the curve. So all knowing and all seeing.

http://www.albinoblacksheep.com/flash/whatswrong

Wed, 04/20/2011 - 19:34 | 1190452 SilverFish

Considering only 1% or even less, owns silver, once "everyone owns it" the price will be well into the triple digits. I'll prob sell out somewhere shortly after 100/oz and invest that cash in rental properties. I agree, the powerful people eventually will win and silver and gold will crash and we will just end up with some other sort of fiat running things. After all, they make the rules in the end.

My question to you is, why not enjoy the ride up? Something personal?

I dont get it. You silver/gold haters.

If I though cow crap was gonna be the next big fad, regardless of the reason, I would still get in on it for the profits.

Thu, 04/21/2011 - 04:19 | 1191566 ZFiNX

I dont hate silver or gold, I like the position you take, I think it is the wisest one. I am not saying "don't invest in silver" I too would ride silver up to triple digits. I only caution against those who would get too greedy to sell before then and who would seem to believe the power elite will allow the fiat to collapse.

Thu, 04/21/2011 - 00:16 | 1191240 honestann

Oh boy are you misguided !!!

We will NEVER sell our silver or gold.

However, someday when a really great deal appears on something we really, really want, we will exchange some of our silver or gold for those goods. Since that's an even exchange, there is no gain. Comprendo?

We will NEVER sell our silver or gold. No way.

Thu, 04/21/2011 - 04:24 | 1191569 ZFiNX

Then don't be surprised if a year from now silver is back at $45. By all means keep it as long as you want, I on the other hand, would sell it as SOON as it even hit $75 and take a 300% profit in 6 months and move on to the next mover and shaker.

Wed, 04/20/2011 - 16:22 | 1189800 uranian

some love for silver at 1€ per gram, please! spot reached around 31€20 today.

...And $45

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