GoldCore Comments On Silver Shortages And A Possible Price "Tipping Point"

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Tue, 01/18/2011 - 16:28 | 884938 EscapeKey
EscapeKey's picture

No everyone will be too busy buying up Netflix and Apple shares, you know, TRUE stores of value.

Tue, 01/18/2011 - 16:34 | 884961 goldmiddelfinger
goldmiddelfinger's picture

Are you saying cash 4 clunkers was a one time event?

Tue, 01/18/2011 - 16:38 | 884982 Arius
Arius's picture

that depends on Stve Jobs' health i would think...

Tue, 01/18/2011 - 16:35 | 884966 watchingdogma
watchingdogma's picture

So you're saying that back in 1800 - when the G/S ratio was about 15/1 - silver's primary commercial application was photography?  Brilliant - I hadn't thought about that...

Tue, 01/18/2011 - 16:38 | 884978 goldmiddelfinger
goldmiddelfinger's picture

In 1800 silver was used for financial transactions, unlike now. Did you think of that? Maybe you paid your mom's electric bill in pieces of eight?

Tue, 01/18/2011 - 16:47 | 885022 watchingdogma
watchingdogma's picture

Nope - I was just responding to your dumb ass comment:

"BTW, the 15/1 Gold/Silver ratio was prevelant during the days of non-digital photography- back then silver's primary commercial application"

Which is hardly true on many levels - but we don't expect dumb-asses to actually research anything these days - everyone passes - no child left behind!


Tue, 01/18/2011 - 16:52 | 885038 goldmiddelfinger
goldmiddelfinger's picture

You can't see how ridiculous you look trying to out wit my argument.

Tue, 01/18/2011 - 16:55 | 885046 watchingdogma
watchingdogma's picture

I can see how rediculous your arguement was, but there was very little wit involved.  Mostly just ignorance.  I don't think you were trying at all - but I may be mistaken and you may truely be just another dumb-ass.  But why are you still at it?  I thought you sold all of your PM's - or are you feeling a little insecure about your decision?

Tue, 01/18/2011 - 17:02 | 885071 goldmiddelfinger
goldmiddelfinger's picture

I want to save your soul from the perdition of hard currency

Tue, 01/18/2011 - 17:08 | 885091 Beam Me Up Scotty
Beam Me Up Scotty's picture

I'll trade you all of my post 1964 coins, for all of your pre 1965 coins face value for face value.  After all, a quarter is just a quarter right?


Tue, 01/18/2011 - 17:12 | 885109 flacon
flacon's picture

+++ LOL!

Tue, 01/18/2011 - 18:07 | 885343 Shell Game
Shell Game's picture

Bathroom wall. Somewhere, America:

Tue, 01/18/2011 - 20:17 | 885747 Chappaquiddick
Chappaquiddick's picture

I think you're part of Comp Sci undergraduate research program which is to build a computer entity called a cyber troll that incites people on ZH on issues of real substance with inflamatory remarks refuting self evident truths.

The result is the xtranormal staccato style type dialog displayed by butt fuck (GMF) and some jolly useful research results to aide in the next generation of troll funfesting.

Hey MIT - go fuck yourselves!

Tue, 01/18/2011 - 20:22 | 885767 merehuman
merehuman's picture

dont stop now....Fuck you NSA < FBI IRS And the rest of you yahoos.

I say we all create our own government!!! What we got now is just robbers.

Tue, 01/18/2011 - 17:20 | 885141 gaoptimize
gaoptimize's picture

May I suggest that the specifics of the applications (or not) are irrelevant to the annual supply, demand, and inventory above ground.  Everyone will make up there own minds at any given price.  We heard the growling bears when silver was less than $12, even louder at $20, and they have mostly gone quiet around $30, when they should be much louder.  A physical shortage is becoming worse, and something will step in to fill the role of discredited fiats when that time comes.  Silver is my hedge against bad policy, monetary and fiscal.  It could therefore never be high, thick, and prickly enough.

Tue, 01/18/2011 - 17:23 | 885158 Temporalist
Temporalist's picture

It is amazing how altruistic PM bears claim to be.  Thank you so much for continuing to participate in the stock and fiat ponzi bubble!  It is exactly people like you that provide continued bullishness for PMs.

Tue, 01/18/2011 - 17:52 | 885273's picture

You can't see how ridiculous you look trying to out wit my argument.

So you're continuing to insist on the widespread use of silver for photographic purposes before cameras were invented? Where's your documentation?

Tue, 01/18/2011 - 18:04 | 885341 goldmiddelfinger
goldmiddelfinger's picture

When did I say that? Meanwhile before cameras it was used as currency. A medium of exchange, Something it is not used for today.

Tue, 01/18/2011 - 18:11 | 885377 Polarny
Polarny's picture

What about medium of exchange over time? 

Tue, 01/18/2011 - 18:28 | 885447 tmosley
tmosley's picture

It is not used as a medium of exchange today, therefore it will never be used as a medium of exchange.

Normalcy bias.

Tue, 01/18/2011 - 19:57 | 885702 lawrence1
lawrence1's picture

My friend, we must ignore the stupid, ignorant.. by responding at all we encourage them to believe that they are taken seriously. Ignore them, dont even junk them... they dont deserve even that energy.

Tue, 01/18/2011 - 16:48 | 885027 faustian bargain
faustian bargain's picture

silver was used for financial transactions, unlike now

you may be one of the shrinking number of people not waiting for that particular shoe to drop.

Tue, 01/18/2011 - 16:55 | 885045 goldmiddelfinger
goldmiddelfinger's picture

That's usually a sign that the shoe that falls is a giant one and it falls on the crowd.

Tue, 01/18/2011 - 20:07 | 885726 cosmictrainwreck
cosmictrainwreck's picture

??? whatchu talkin' 'bout Willis?

Tue, 01/18/2011 - 16:36 | 884969 Turd Ferguson
Turd Ferguson's picture

The Turd is not quite ready to buy just yet...but he's getting close:

Tue, 01/18/2011 - 16:38 | 884979 oddjob
oddjob's picture

Call options on ZSL provide more than adequate protection.

Tue, 01/18/2011 - 16:42 | 885000 goldmiddelfinger
goldmiddelfinger's picture

Hedging what you're afraid of will never make you rich grasshopper. Meanwhile get behind the wheel minion. I need to go rob a fort.

Tue, 01/18/2011 - 16:46 | 885019 oddjob
oddjob's picture

I am tired of carrying your fucking golf clubs!

Tue, 01/18/2011 - 16:50 | 885034 goldmiddelfinger
goldmiddelfinger's picture

But I must have my clubs carried by a man in a suit and tie!

Tue, 01/18/2011 - 16:56 | 885053 oddjob
oddjob's picture

Dont junk Auric...he's working on GrandSlam.

Tue, 01/18/2011 - 16:40 | 884990 homersimpson
homersimpson's picture

Whatever. You look like a panicked short trying to make up for the past couple years.

Tue, 01/18/2011 - 16:44 | 885011 goldmiddelfinger
goldmiddelfinger's picture

Sold all PM Dec 7, 2010. Ring the bell at the top sometime. It's not just fun, it's profitable.

Tue, 01/18/2011 - 16:49 | 885031 watchingdogma
watchingdogma's picture

So when PM's climb - we'll expect a change of avatar and userid.  Billiant!

Tue, 01/18/2011 - 16:57 | 885055 goldmiddelfinger
goldmiddelfinger's picture

Should I be true to you and NEVER buy it back?  Hah.  Dogma is your name not mine. Lower my son, lower.

Tue, 01/18/2011 - 16:50 | 885033 quasimodo
quasimodo's picture

Well good on you, and a move you are sure to regret in the not too distant future

Tue, 01/18/2011 - 16:59 | 885060 goldmiddelfinger
goldmiddelfinger's picture

That's exactly what my real estate told me in 2005 when I sold 3 homes.

Tue, 01/18/2011 - 17:25 | 885159 watchingdogma
watchingdogma's picture

So sold your RE 2 years early - and now you've sold your PMs 10 years early - I don't think you should be bragging about your market timing.  I think a capital preservations arguement could be made - but not market timing.

Tue, 01/18/2011 - 17:47 | 885251 goldmiddelfinger
goldmiddelfinger's picture

Hit the absloute tip top in East Fla and LA, CA real estate. Within weeks.

Tue, 01/18/2011 - 20:14 | 885743 JonNadler
JonNadler's picture

me too, i sold 50 houses in  LA in 2006. They're just jealous of us G

Tue, 01/18/2011 - 23:27 | 886216 goldmiddelfinger
goldmiddelfinger's picture

I just have one ex wife. You must be a pig

Tue, 01/18/2011 - 20:42 | 885821 Blano
Blano's picture

For the record, that was the year Buffett sold his vacation home as well.

Wasn't Bernard Baruch quoted as saying, how he made his money in the market, that he "sold too early?" 

Just sayin'.

Tue, 01/18/2011 - 17:40 | 885222 JohnG
JohnG's picture

Sure you did.  Riiiiiiiiiight.  Sure.

Show me the closing documents liar.

Tue, 01/18/2011 - 17:52 | 885271 goldmiddelfinger
goldmiddelfinger's picture

easy for you to say.

Tue, 01/18/2011 - 18:28 | 885450 JohnG
JohnG's picture

Easy for you to DO.

Tue, 01/18/2011 - 20:45 | 885830 Bendromeda Strain
Bendromeda Strain's picture

when I sold 3 homes

Oh yeah, I saw those. Brown units - named Refrigerator, Washer and Dryer...

Tue, 01/18/2011 - 16:59 | 885061 Cognitive Dissonance
Cognitive Dissonance's picture

So you sold your paper PM on that day? Then you never owned PMs, just an IOU.

Tue, 01/18/2011 - 17:00 | 885066 goldmiddelfinger
goldmiddelfinger's picture

Sold Coins and bullion. I still tinker w micro cap miners.

Tue, 01/18/2011 - 19:24 | 885611 oddjob
oddjob's picture

Name micro?...smaller than Rochester Resources?...10 million cap.

Tue, 01/18/2011 - 17:07 | 885087 schoolsout
schoolsout's picture


lie much?

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