As Dollar Poleaxing Continues, Silver Takes Off

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Mon, 02/28/2011 - 11:17 | 1003731 Harmonious_Diss...
Harmonious_Dissonance's picture

C'Mon $35!!!!!   I know you can do it...

Mon, 02/28/2011 - 11:21 | 1003740 Chuck Norris
Chuck Norris's picture

I'm cheering Silver on to Infinity (in terms of dollars)

Mon, 02/28/2011 - 11:22 | 1003745 snowball777
snowball777's picture

Is it true that Comex Ag takes delivery of you?

Mon, 02/28/2011 - 11:22 | 1003747 Harmonious_Diss...
Harmonious_Dissonance's picture

In communist UK, yes it is true

Mon, 02/28/2011 - 11:26 | 1003763 Cash_is_Trash
Cash_is_Trash's picture

In Mexico, money rob you.

Mon, 02/28/2011 - 12:01 | 1003832 66Sexy
66Sexy's picture

I would buy physical platinum now, as an alternative oil appreciation play, and a PM inflation play. Price has not run up like the other metals; much rarer occurance, and lower downside with much smaller market.

Imo anything like pt, pd, silver or oil that requires work to create and is then reused in industry is not a passive commodity; but the same as 'work' itself. They are a store of work, productivity, and value; so it's the same as buying a company that makes profits. That company must reinvest their capital back into work; and the corporate costs associated with replacing work means the actual costs to replace work get priced into and enhance the value of the physical commodity.


Mon, 02/28/2011 - 12:06 | 1003886 jpmorrisaggie
jpmorrisaggie's picture

Any thoughts on where to get non physical exposure to platinum 66Sexy?

Mon, 02/28/2011 - 12:08 | 1003893 66Sexy
66Sexy's picture

i've got an eye on PPLT.

Mon, 02/28/2011 - 13:22 | 1004169 Flakmeister
Flakmeister's picture

  SWC... the finest PGM deposit and mine in the Western Hemisphere. I am leery of ETFs that claim physical possesion. After all, it still a piece of paper, much like SWC, but at least with SWC, I know where the Pd and Pt is.

Mon, 02/28/2011 - 11:38 | 1003800 ms1408
ms1408's picture

The human trafficking trade also has counter-party risk. They need clearing houses too you know.

Mon, 02/28/2011 - 12:01 | 1003862 MolotovCockhead
MolotovCockhead's picture

I'm cheering Silver on to Infinity (in terms of dollars)


If you are cheering Silver to infinity, it means you are jeering Uncle Scam into inevitable collapse, you know? Not a patriotic thing to do if you are an American. Think I'll stand aside to watch history in the making.

Mon, 02/28/2011 - 12:47 | 1003912 bingaling
bingaling's picture

I am cheering silver to as high as possible until the federal reserve, politicians, and financial industry ceo's/boards stop their destruction of our currenncy and our nation . Is that better ?

Mon, 02/28/2011 - 12:17 | 1003929 jpmorrisaggie
jpmorrisaggie's picture

You know, my thoughts on that are that it is more like jeering the current leadership into inevitable collapse.  I, for one, am an advocate of this as my feelings towards our leaders have ranged from relatively unhappy to vein popping frustration for quite some time.  If that means things get worse over here for a while, so be it.  So long as I can wake up in the morning and see some hope for the future instead of staring into the abyss!

Mon, 02/28/2011 - 12:37 | 1004024 TeMpTeK
TeMpTeK's picture

While you are standing around watching history take place... bernanke is robbing you blind...We lost our great nation years ago....There is no reset button absent a dollar collapse and potential revolt...The US as we know it has some major self inflicted one is cheering for what we know Is inevitable... I would only hope that from her ashes we will once again regain what made our nation great.. Truly Free Markets, Repect for property rights and the rule of law, The death of political corectness, An end to corporate lobbying and special interests..There is still some hopium left in me... but things are going to get really ugly b4 they get better. Standing by and watching idly is a recipe for disaster. Prepare prepare prepare.....

Mon, 02/28/2011 - 13:26 | 1004053 akak
akak's picture

If you are cheering Silver to infinity, it means you are jeering Uncle Scam into inevitable collapse, you know? Not a patriotic thing to do if you are an American.

Fuck Uncle Sam, and the horse he rode in on.  I owe allegiance to NO government, least of all to one that is increasingly authoritarian, oppressive, and robbing its citizens blind for the benefit of a relative handful of well-connected sociopathic oligarchs.

As for your "patriotism", that word properly defined refers to the love of and devotion to one's nation, NOT one's government!  I love my country, but I hate my government --- and all government in general, which institution is merely institutionalized coercion and force, and far and away the biggest blight on humanity since the dawn of civilization.

Mon, 02/28/2011 - 19:16 | 1005318 StychoKiller
StychoKiller's picture

There are alternatives to Govt:


Mon, 02/28/2011 - 19:43 | 1005396 Clockwork Orange
Clockwork Orange's picture


Mon, 02/28/2011 - 13:34 | 1004202 SilverRhino
SilverRhino's picture

I give my allegiance to my country, not its government and certainly not its central bank. 

Mon, 02/28/2011 - 14:28 | 1004376 JW n FL
JW n FL's picture

The Problem we all will face at some point will be... that our Government is duely elected by "We the People"... thusly our fight with those idiots will become a fight against "We the People"... or so the Marines / Army / Navy could say (I dont mention the airforce becuase they miss 60% of what they aim at... I have a better chance of getting into a car accident than being hit after being targeted by them.


So, what kind of signature drive... with some type of credentials attached... do we start to oust these idiots?


Or, what other means do we have to prove popular support for the Monkey's driving the bus is no longer in place?


I am stuck. Honestly... Help anyone and all with Ideas??? Thanks in Advance!!!!!!!!!!

Mon, 02/28/2011 - 19:21 | 1005331 StychoKiller
StychoKiller's picture

I would suggest a tax strike but one person on their own would just wind up in a jail cell.  If there existed one place where one could place an ENCRYPTED registration, along with some sort of counter, reflecting the number of strikers, then once an amount of over 10 million registered, I think that there's not enough cells (even in the USA) to house all the strikers, especially when the guards start receiving IOUs in place of a paycheck!

Mon, 02/28/2011 - 13:48 | 1004238 SilverFiend
SilverFiend's picture

Uncle Sam is heading to its inevitable collapse

just fine on its own.  By preparing ones self for

this eventuality and being ready to pick up the

pieces is the most "patriotic" thing you can do.

Mon, 02/28/2011 - 13:49 | 1004250 Chuck Norris
Chuck Norris's picture

The collapse is inevitable... sooner or later it will happen. 

I'm not looking to Uncle Sam to save us.  Only Jesus can save us now. 


Mon, 02/28/2011 - 14:35 | 1004394 FeralSerf
FeralSerf's picture

He was deported by the INS.


Mon, 02/28/2011 - 12:04 | 1003871 Clayton Bigsby
Clayton Bigsby's picture

Daddy needs a new pair of cufflinks!  And some Maples!

Mon, 02/28/2011 - 14:30 | 1004381 JW n FL
JW n FL's picture

I think the Mint in Canada may be out of Maples... sorry, but good luck with those cufflinks.

Mon, 02/28/2011 - 14:24 | 1004363 jus_lite_reading
jus_lite_reading's picture

Relax. My prediction of $40 in ~3 weeks will come to fruition.

Mon, 02/28/2011 - 11:19 | 1003738 Azannoth
Azannoth's picture

Psychic delivery, bitchez!

Mon, 02/28/2011 - 11:21 | 1003739 Sircornflakes
Sircornflakes's picture

You can't wait until you pull trigger on Monday?


C'mon, can't you wait until Wednesday?

Mon, 02/28/2011 - 11:20 | 1003741 snowball777
snowball777's picture


Mon, 02/28/2011 - 11:21 | 1003743 klevera
klevera's picture

When zerohedge uploads this information i get nervous lol

Is it a top of silver?

Mon, 02/28/2011 - 12:03 | 1003872 rosiescenario
rosiescenario's picture

Me too....but then I envisionage Ben flying a B-52 over NYC with a contrail of paper following it....and then I relax....there is a finite amount of silver and a limit on its production, but Ben is only bounded by paper and ink supplies, neither of which appear to be tight.

Mon, 02/28/2011 - 12:15 | 1003918 Jreb
Jreb's picture

LMAO. Yep. I think the fundamentals will be in place for a while....

Mon, 02/28/2011 - 11:21 | 1003744 spartan117
spartan117's picture

Quick, somebody call Meth Man!

Mon, 02/28/2011 - 11:23 | 1003749 snowball777
snowball777's picture

doo-duh-deee....the phone number you have attempted to dial is no longer in service.

Mon, 02/28/2011 - 11:28 | 1003768 Harmonious_Diss...
Harmonious_Dissonance's picture

I think I saw a Ferrari crshing into a beach house this morning on my way to work...

Mon, 02/28/2011 - 11:57 | 1003847 UninterestedObserver
UninterestedObserver's picture

Was Ben driving it?

Mon, 02/28/2011 - 12:19 | 1003938 spartan117
spartan117's picture

Junk away, Meth Maggot, Johnny Butthole, Smelly Snails!  Silver at $34, bitchez!

Mon, 02/28/2011 - 11:23 | 1003751 whatsinaname
whatsinaname's picture

why the sudden drop in dollah last few days (not that I mind my silvah upppity uppity) ?

Mon, 02/28/2011 - 12:06 | 1003884 MolotovCockhead
MolotovCockhead's picture

why the sudden drop in dollah last few days


Yeah, why the drastic drop? Isn't dollar suppose to be a safe heaven when the world around is in chaos, like now? Looks like the light at the end of the tunnel is coming from a freight train!

Mon, 02/28/2011 - 19:22 | 1005342 StychoKiller
StychoKiller's picture

Someone spending FRNs for Oil barrels, perhaps?

Mon, 02/28/2011 - 11:23 | 1003752 Arthor Bearing
Arthor Bearing's picture

Either this week or at the end of next month silver is gonna blow everyone's mind away forever. Buy bitchez buy!

Mon, 02/28/2011 - 11:23 | 1003753 slow_roast
slow_roast's picture

Buy the hump bitchez!!!

Mon, 02/28/2011 - 11:27 | 1003764 yabyum
yabyum's picture

Not much of a hump, more like a friggen rocket. GPL is kicking major ass this am.

Mon, 02/28/2011 - 11:26 | 1003762 financeguru500
financeguru500's picture

I don't consider the dollar being devalued until it drops below $70. Anything between $70-85 is just adjustments according to level of the stockmarket. It is almost too easy to predict. Dow hits 13000 = dollar at around $74. Dow hits 10000 = dollar at $80. When the dow gets back up to 14000 or more, the dollar should be around $71 to 73.

How do I figure in my predictions? It is easy. Capital goes from investment to safety depending on current economic conditions. Though lately it seems to be opposite (i.e. bad news unemployment = dow goes up). But it is a seesaw effect, when the dow is up the dollar is down and vice versa.

Mon, 02/28/2011 - 11:30 | 1003775 Internet Tough Guy
Internet Tough Guy's picture

The dollar is being devalued against real things; I don't care what its value is against other fiat currency. I don't go to the store to buy euros, yen (which are also devaluing against real things); I go to buy food and gas and yes the dollar is being devalued.

Mon, 02/28/2011 - 11:36 | 1003794 financeguru500
financeguru500's picture


And that is the interesting part. If the dollar is being devalued in real terms, why isn't it showing up on the dollar index?

Any ideas?

Mon, 02/28/2011 - 11:41 | 1003804 mick_richfield
mick_richfield's picture

because the dollar index -- the usdx -- is a trade-weighted basket of equally-meaningless fiat currencies.

there is no honest measure of the dollar-against-things aside from shadowstats' cpi measures.


fed delenda est.



Mon, 02/28/2011 - 12:50 | 1004080 gmrpeabody
gmrpeabody's picture

Or the price of gold in dollars. That's usually a good indicator.

Mon, 02/28/2011 - 13:38 | 1004217 DoChenRollingBearing
DoChenRollingBearing's picture


@ mick_richfield,

I now know it was you who wrote Fed delenda est!  So now I can attribute properly in future posts.  In the meantime:


Show us our Gold!   FED delenda est!

Mon, 02/28/2011 - 11:55 | 1003845 Turtlelord
Turtlelord's picture

Well, depends which other fiat currencies you look at.

Have a look at CHF (Swiss Franc) for the last year or so.

In fact CHF is so overvalued (due to its status as a safe currency and SNB's large physical gold holdings), that in a doomed attempt to keep the CHF competitive it shorted it and lost CHF 21 (~24 USD) billion in a few short months.

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