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Goodbye $42...
Silver is now trading at $42.10: the highest price since 1981, and ever closer to the all time Hunt Brother high, which is now just over $8 away. At this rate, and if Bolivia indeed nationalizes its silver mines, we give it a month for a new all time notional high in the metal.
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Arrivederci dollar...
Closed: $42.20 silver, ratio Au/Ag 34.99.
I am waiting for ratio of 10 to 1
I'll see your 10:1 and raise you 5:1.
Parity bitchez! :)
anyone who is buying silver because the "government prints money" is falling for the biggest con ever. This is not how our money system works. The central banking cartel wants nothing more than to get everyone to freak out about inflation and go even deeper into debt this time to speculate on rising asset prices versus the dollar. Since banks cant make new real estate loans, they will settle for whatever they can take in levered asset speculation for one last pump and dump before debt deflation overwhelms the system. When enough of a consensus wakes up to this fact, the rush to the exits will wipe speculators out. Then those left holding all these claims on real assets will come for their pound of flesh. So its no wonder they want you out of the dollar! When prices collapse only those with cash can grab real assets and even better, interest bearing claims on real assets which equals real power.
I really don't think they want our money out of the dollar and the banking system. If we're in the dollar they can steal it by printing more of it. If it is out of the system in physical metal they can't much touch it.
As long as the Chinese say gold and silver are money, it is. The Fed is now the tail, being wagged by China and the other countries that are not broke.
exactly.
The Chinese are not alone anymore... the BRICS gang has joined the Chinese, and the other kids on the block are doing the same: Iran, Saudi, and just about everyone is going to face the big bully and shout: SHOW ME THE SILVER!!! DONT WANT YOUR NAPKIN IOU'S, lol
You know I don't know why silver and gold ownership are not encouraged by .gov. You would think that they see this as an opportunity to devalue the dollar and then collect all the taxes on those holding physical? Kind of solves their problems right?
not saying you're wrong but if the fed wants everybody to freak out about inflation then why does the fed (bernanke) go out of his way to tell us there is no inflation?
Bernanke doesn't say there is no inflation. He says inflation as the Fed measures it is "not high enough" (this is what he said back in the summer of 2010 to justify QE2). This just emboldends speculators even more who think he is out of his mind because they see the price of oil, gold, EUR, etc. skyrocket and believe that the Fed will just keep going and going injecting reserves into the banking system. Then you have con men like John Paulson go around to the 'smart money' community with a presentation showing a graph of base money going up by 2T and how much inflation there will be when the commercial banks lend this out. Yet here we are a year and a half in and no one asks why this hasnt happened. Again its because thats not how the system works. If net credit in the system (53T) is not expanding meaning no new net lending then the quantity of dollars in the system is not expanding and therefor prices should be flat. If in that same presentation to all these 'smart money types' (who by the way are just as clueless as the average guy about how our monetary system actually works) Paulson would show at chart of M3 and not just M2 this point would be very clear. So I ask is John Paulson just stupid or incapable of compiling M3 data, or is there more than meets the eye to Mr. I'm in gold and banks???
Where do you get net credit being 53T?
Troll
You're ignoring one major component. That excess liquidity from QE is still hitting the market. It's in essence taking that shrinking credit from the Federal Government and turning it into solid M1 liquidity. Credit isn't something that you can use as freely as M1. It may give the impression that it's deflationary if you look only at the M3 values in relation, but in reality it's just moving the money from governmental assets end to private assets before the bond market completely dries up. In turn this movement increases base money, and creates a surplus effect on the markets.
If QE wasn't happening, you may have a point, but with QE, your point is invalid, or at least not as poignant. That's not even going into the expansion of the debt by the Federal Government either, which will force the requirement of further QE.
Your wild thesis only holds, however, for those who go deeper into debt and use leverage in obtaining commodities and physical assets. That is mostly NOT the case, however.
The rest of your muddled speculation seems to hinge on the Elvis-returning-on-a-unicorn pipedream of deflation, which is impossible and intellectually insulting.
why is deflation impossible?
http://www.chartingstocks.net/wp-content/uploads/2009/03/money-supply.gif
I am not going to put stock in some wild, academic, egghead thesis that is not borne out by even ONE historical example or precedent.
Inflation, currency collapse and hyperinflation, on the other hand, have innumerable historical examples to which to point.
So, if you REALLY want to bet the farm on chronic government overspending and indebtedness leading to a never-before-seen deflation, in the face of all the historical evidence to the contrary, I have just one question for you: Do you feel lucky? Well, do ya?
+LOL
it isn't and with 50+ trillion of debt out there it's a big scary monster.
So scary in fact that politcians the world over get kicked out of office the moment it rears it's ugly head and the next bunch of inflationistas put in place.
That's about it. Inflation is palatable and the greedy oil nations or corporations, or whoever, are the cause. With deflation, it's jobs and riots and protests and "the econoimy stupid".
In fact, deflation is the natiural state of the monetary system we've got. the fact that it doesn't tells a lot.
its all about control. don't you get it yet? think about it. good grief.....
You can continue buying paper gold and silver if you want......I'll stick to physical PM in the form of easily ID'd coins etc. I agree that cash is good.....CAD, CHF. Perhaps even the Amero when it comes out.....or maybe the SDR.
So I presume you are suggesting that the best way to preserve your good nights sleep is by holding Dollars? The Silver is going up for various reasons, and the dollar is going down becouse FED is creating billions of the Dollars DAILY to exchange for billions of US debt. We have lived in the time where owing more meant you were lot more successful than the ones who actually had saved, but we have come to an end to the Ponzi scheme.
Only financial advise that I can give without doubt is do not borrow something valuable to anyone without taking something worth more as a guarantee. The Banks did not follow this rule, FED is not following this rule, and Anyone trusting FED to protect the purchasing power of dollar is not following it either.
who prints it?
Stop it with your disingenuous implications already!
Do you REALLY think that the Fed's monetization of Treasuries is not functionally equivalent to the physical printing of fiat currency? Both are an attempt to spin gold out of straw, and both always, ALWAYS end the same way: currency debasement, not in some wild-eyed egghead prediction of an appreciating fiat currency via deflation.
OMG!!!! HELP !!!! I sold all of my silver bullion because spaudling and mathman said it was going to correct back to the 20's . OMG !! HELP !!! I am sooooooo shocked..........NOT !!!!!!!!!!1 HA HA HA HA HA
Yes but answer the real question, Tyler. How much does it cost to dig the stuff outta the ground?!? Rumor on the street is 5 doll hairs.
Coming up next on CNBS: Ben Bernanke on why people "don't want to buy silver."
+100
Math Man is such a tool.
Throw a link to your theory and I'll throw some copper on it to claim it's subsidizing the shovel.
Not to be lost in the scrum...Platinum edging toward 1800 again. Remember, silver & gold weren't named evils in GS' commodities raid Tues, but the might P was. Another bankster tripwire against rising yields down the tubes?
BTW, pre '64 quarters > $7 melt value. For that, Robo could get 2 Monsters & a Big Mac, and still get two '07 quarters change.
http://www.coinflation.com/silver_coin_values.html
Platinum is dead for over half a year. Always hitting concrete floor.
Wasn't a comment about the metal, Einstein, it was about the half-life of Goldman's artillery.
It wasn't a comment about the metal, Einstein, it was about the half-life of Goldman's mortar shell.
"Not to be lost in the scrum...Platinum edging toward 1800 again."
Side note..
My father gave me a 1995 Platinum Canadian Maple Leaf/QE II coin at $50.00 face value when I graduated from Grad school in 1995. That same coin -- when I got it appraised today on a lark - was worth $2800.00 face. Mind you, 0.9999 pure Plat is worth about $1900, but from what I understand in researching and talking with the appraiser (which I trust and have done business with in the past) the rareity adds the extra value. I guess there was a limited mint on this particular coin in this particular year.
He was willing to offer me $2,800 on the spot.
I've never loved my father more ;).
I however did not sell. It shall appreciate and that shall be my time.
Viva PMs!
Alright alright alright. So we're all geniuses for scoring big with silver - the smartest of us physically possessing it. So how ya'll plan on moving it around? Gas dries up for a Myriad of reasons. As one home base get gets overrun by nomadic hoardes of Glade huffing ex-wall-streeters, and the next place gets irrradiated with the purple rains of Fuksishima, how ya'll plan on utilizing this fortune in shiny silver?? Huh? Where ya gonna get your next meal?
its called the black market.........kapiche?
Jewelry. ok, probably convert it to gold first.
I know! Medallions and sovereign rings come back into fashion! Just think! This is basically the 70s all over again. Yeah, platforms and flares!
Damn I should have bought those platinum coins way back.
There ya go. That's good shit!
When the $ price becomes meaningless, and so does the fiat paper, then you need currency. Your liquid portfolio is as important as l.t. holdings - cigs, nips-o-booze, sugar, all become currencies. And silver will be one of the strongest. Think in terms purchasing power instead of $ price, and light will dawn.
BTW, "myriad" is an adjective.
I gotcha - I'm a part-time food grower myself. By day I design 22nm microprocessors, but the rest of the time I sling manure to make sure me and my kin 'll have something to eat after the big $$ levi breaks. So I'm loading up on tangibles now. Would rather have a bunch of land than a sack of silver.
Oh and Don't you EVER, EVER question my grammar!! (I'm a-kiddin'. Maybe I'll get to act like that in the after-times.)
If your grammar comes knockin' at my door with a shotgun, I'll question her, Jethro.
My Grammar is a saint.
Truth is - no foolin' - I wonder about defending my own little corner. Beleieve me, I'm all about captitalizing with the gettin' is good. But shit - am I really gonna have to stop at the gun shop on the way home from work someday? I haven't taken that step yet. I can grow mushrooms and potatoes and I even put in a chicken coop. But are we really talkin' about civil unrest to the point where I gotta defend my pile of silver?
No. But when "not yet" becomes "yet" it'll be too late. I've got 40K thirty-.06 rounds - would you like to buy some for say, a few sleeves of silver rounds?
The day you "have" to stop by a gunshop on the way home is the day you are too late. If you're lucky enough to walk out with a gun, I doubt you'll have enough bullets to use it where needed. You should already be very well aware of how to handle the ins and outs of your piece before ever loading it. Then you should have practice holding it safely and keeping your trigger finger safe. Then safe draw practicing. Finally, take it to a range and plink a few tin cans.... you need practice.
The day you need a gun is probably the day you'll wish you were prepared for months in advance with the above.
If/when people take notice of precious metals you will trade it for goods. Silver and gold are money and an exchange medium again. They'll be begging you for it.
If they don't, then we pulled one out of our ass and you still have a good investment on your hands.
WRONG!!!!!!!!!!!!!!!!
Currency is ONLY established when the basics of life have been satisified and can be reliably made available. Currency is the net form of acquiring wealth in addition to the purchase and/or trade of commods that exist within a STABLE supply/demand chain. In the event everything goes south currency in any form (PM's, FRN's, sea shells, etc.) will not be used because the basics of life have not been met (JiT shuts down, supply interruption, etc.). People will be trading and or bartering in USEABLE COMMODS, and NOTHING else!!!!!!!!! Your PM's in a REAL event won't be worth dick. Toilet paper will be worth more...
WRONG!!!!
Your premise that gold and silver "won't be worth dick" only holds in the most extreme post-Apocalyptic, Mad Max world in which civilization has completely collapsed. There has been NO time nor place, except perhaps in a lifeboat, in the last several thousand years when gold and silver did not represent real tradeable value.
Actually it was documented in the nederlands during the war that a guy wrote he couldnt trade his gold watch for anything, but people would ask if he had a skill to trade or useable commodities, food, tools, hygiene products, etc.
"a skill to trade"
This is worth "acquiring".
Once again you are wrong on your premise. Read up on the rise and fall of empires and civilizations. This time is no different. The basics have to be met FIRST and foremost BEFORE any "currency" is exchanged. I'm not talking Mad Max either. If the shit gets bad enough and a pull back occurs on the basic commods (which we are already starting to see, based on the Baltic dry index, and otyher indicators), no one will want "currency" they will want to trade/barter equal commods and or skills as the poster above indicates. You've been reading too many ra ra ra gold and PM articles. The ONLY reason why you may have seen gold or other "currencies" thrive in past countries/war, etc. of the 20th and 21st century is due to the continued importation of goods/commods - if what happens becomes a GLOBAL event, as it very well could, JiT shuts down, commods don't move and people will be more concerned about surviving over acquiring "wealth" via a "currency". Remember the BASICS have to be met, and established with a continued reliable source before "currency" is used for trade.
I already stocked up on two years worth of food -- don't let anybody at the Costo check-out line tell you that's not a lot of Pop Tarts.
I've made a mural out of Quaker oats canisters. It's nice.
Pop-tarts are the Miracle-Gro of human food. You can go a long way on those things.
After the Fall, you can trade those for a tuppenny upright.
100 lbs of chocolate
and a ton of other stuff
in the starvation rations...
bring on 2012
mayan bytches...
100 lbs chocoate?
+3
now THaTS prepared!
That will get him some lady friends of the apocalypse! :)
lol
Lead poisoning is known to affectively reduce the size of nomadic hordes.
I hear you there. No doubt. But I'm thinkin' the pathetic survival skills of the hordes we are talkin' about may be brought down by myriad(sic) funner methods.
So how ya'll plan on moving it around?
I find this a very dumb question. How much you talking? A TON of silver? If you have that much, it's your problem.
A 1000 or 10,000 Eagles/Leaf's no problem.
I will ask you, How you gonna move your house? How ya gonna move your garden? How you gonna move your 5-10 guns? How ya gonna move your 1000 or 5 rounds of ammo,
How ya gonna move.....
What the Fook you talking about?
You worry about Your home base and the 'Hordes', I'll worry about mine capiche?
Make a note to your self to get a clue.
3/4 ton Yukon XL with a 25' enclosed trailer in tow.
I think most of the people that know, have food and water, etc saved up. The bullion is just icing on the cake. It is fun to watch the PM bull market run and run. Hey I don't like corrections, but this is one thing we have all learned. what goes down will come back up. such is life in the gold bull..........a bull that in my opinion, may never end. I ask you. how can it? fact number 1 is most people do not want any PM nor do they care about it. It is a tiny market so to speak. It is what it is. I got in early. I have no regrets. I looked at washington and i figured this yoyo's would muck it up and my prognostications were correct.
The 3 B's? - Beans, Bullion and Bullets?
The Five Bs: Bike, Bitch, Beans, Bullion, Bullets ... well ... at least my personal preparedness
Maybe add Bourbon and a Bible to the list of Bs?
It's a corrupt paperworld we live in, but who cares ? Some, the Rothschilds and the ZH-readers. Do they ? Buy physical although you can't eat it.
I don't know, I think my crispy new $50 FRN's burn way more evenly and are far more absorbant than a stupid silver coin. That is what money is for, right...rolling blunts and wiping your ass?
HOLY MERDE!!!
$42.40!!!
We will soon see signs like this posted in portable potties here in America.
http://www.momoneyblog.com/wp-content/uploads/2010/05/zim-dollars-toilet...
Good one, but it should have said US dollars. I guess in America it will. What a sad sight.
Clearly you have never tried to smoke one. Disgusting. However they roll nice and tight for a little blow.
How long ago was gold at $42? Might be interesting to track...
Had to update my avatar to post.
where is math punk?
I think he only comes around on days that silver is down. Those days seem to be getting farther apart.
I'm just really curious who the hell bought $1mm in SLV May 25 calls and how his underoos are doing atm.
The $1mm in May 25 SLV puts could have been a hedge to protect a much larger long position in physical silver.
There is talk that QE will end in June, so hedging your bets this spring may make sense for some big players who don't want to sell all their physical.
Did you mean PUTs?
Yup, dunno how I missed that and still nailed the captcha. Whoops, glue od, these things are a part of my life.
No, he meant Putas
.
Those Puts will be in the money by expiry.
ignore
$50 will be here shortly.
Can't wait to see what silver does with gold over $1500
silver schmilver I am riding ZIP car to an early retirment.
These consolidation periods keep getting shorter and shorter. The cartel is flailing their arms while drowning
JPM will make more $ than everyone else combined on AG
Yes, especially when they make predictions to the public about the price going down and then run out and buy it after it dips. SOSDD.
JPM will make more $ than everyone else combined on AG
Yep. They'll go to the Fed window with billions of paper shorts that are epically underwater on, get billions in new $$$ to go long on silver contracts.
The more fiat in circulation, the less the said fiat is worth. The less the fiat is worth, the nore precious metal is worth, because fiat and precious metal have an inverse relationship.
JPMorgan doesn't make shit.
I'm 65 and have been buying small amounts for decades, never selling. I remember well going to the bank in my teens and trading in paper dollars, one for one, for silver dollars and checking the dates -- not to mention the old silver dollar slots in Vegas. You would put in a paper 20 dollar bill and could cash out in silver dollars. If I only knew that was the way to really make money.
On a side note I went to the local gun store the other day, first time in several years, and was amazed at the run up in prices. Years ago you could buy a Colt .45 auto for $125. Now they are pushing $1000. Talk about the price of silver in the future, what about the price of guns??
Good points all LJim.
Parabolic! And ammo, and probably every other useful item. Guns and ammo are a solid investment. Unless of course hillary and the un have anything to say about it.
http://www.worldofstock.com/closeups/TNY2154.php
And a side note; most of the major ammo makers are preparing for a 10-15% hike come May 1 according to the 3 vendors I buy from. And sadly I missed out on a 1000lb. lot of army brass recently with the price streaking about 30% over the last one I bought about 4 months ago. Dang it! Back to CL and Feebay for local lots.
I call top on ammo (before robo does) - better sell now! Can't be sustainable! :-)
If it goes up then about a week later expect robofaker to claim he bought in right before it launched. I cant believe i ever took him seriously. How embarrasing.
What moron would junk this post? C'mon now.
im glad joe babapaglia is dead. he was a scum bag liar. fuck him.
I have the honor of being the first to flag this as junk.
I like how these tea partiers expose themselves as the hateful tripe they are. It makes them easy to discredit and push aside.
Judging by the euphoria on this thread by all you silver bugs, I will be entering an order to buy more Puts asap!
Disclosure: Long $25 SLV Puts
Johnny B! Welcome back, dude, we missed you!
Let me make a quick note of that. I will be back here in July to remind you of your EPIC FAILURE
Silver For The People
http://www.youtube.com/user/BrotherJohnF?feature=mhum
Hey give this guy credit for disclosing his trade.
Robotroll always claims to be in the right trade at the right time but never discloses in real time.
This guy is probably a real speculator, unlike robotroll who probably doesnt even have a checking account.
I find it interesting that some see the bullish bias here on silver and gold and they obviously have to short it as ALL are bullish on the metals, and there is no one left to buy. What they do not realize is that we are probably 1/100 of 1% of investors here on Zero Hedge. How many sheeples, maybe 300 million, and maybe 10,000 of us. Gotta just luv it.
Long, physical gold, silver and miners, and cash.
Gold & Silver, Bitchez!
http://www.youtube.com/watch?v=ZNGe7iK1O-4
Bolivian mine nationalisation could be the carrot,
JP Morgue is probably the Schtik,
Nationalisation will be confirmed and Silver will run up fast,
2 or 3 days later, nationalisation of the mines will be cancelled as policy?
These folks are masters of theater, proceed with caution, then BTFD.
He has a history that says otherwise:
Morales nationalized Bolivia's hydrocarbon industries soon after he was elected in a landslide in 2006. In 2008 he took over the telecommunications company Entel, which was formerly owned by Telecom Italia.
http://www.upi.com/Science_News/Resource-Wars/2010/05/03/Bolivia-power-sector-nationalization-signals-distrust-of-elite/UPI-82271272921700/
Good point rodent.
Where do you live. I want you to teach me how to rebuild an engine. Something simple like a four cylinder 1970 volkswagon beetle.
Says you. Evo knows the people fucking over Bolivia are the same ones who have done so for more than five centuries.
Potosi, anyone?
Just your standard Dick and Balls chart formation. What happens next? Flacid.
Silver bitches!
An awful lot of bizarre comments on today's close??? Remarkable to me that so many folks have still yet to catch-on to what's happening-that is, impovervished Chinese and Indians, many of which are subsiding on $20M and less a year, are buying all the PM they can. Their cost of education less than $500/year, yet the average Harvard grad joins the "band plays on/CNBC crowd". These knuckleheads will be the first to cry from the roof-tops when all Hell breaks loose. The guy in Bangladesh will be counting his 1/10th gold coins and hugging his kids....
Excellent point. And this shows how much better "learning from observation and reality" is than "learning soundbites from paid propagandists".
A massive transfer of real wealth from ignorant moron gringos to realistic chinese and indians.
Wake up and wise up "poor folks". Buy gold. Buy silver. Ignore mainstream media.
The poor throughout the world haven't been "educated" that they should take all their stored wealth and buy AAPL up to $950.
Poor bastards are going to miss out.
/sarcasm off
The predators-that-be will keep shorting paper silver and gold, and covering their losses by printing up endless fiat at no cost to them.
Keep buying that physical silver and gold.
Eventually they will be overrun, simply by virture of the quantity of physical being purchased totally overwhelming available physical silver and gold.
Keep buying physical silver and gold.
Keep buying physical silver and gold.
Keep buying physical silver and gold.
Sink the Titantic... the federal reserve.
$2.4011448602 is the total melt value for the 1942-1945 silver nickel on April 14, 2011.
Someone gave me a 1944 P yesterday for change and it was in pretty fair condition. Obviously it doesn't make me rich, but it makes me smile. Pretty rare these days.
Befriended a local convenience store owner over the last couple years. He gave me a 1942 nickel in change the other day and I told him it was worth over $2. He thought this was funny and said I could then take all his change out once a week and if I found anything I could keep it. So I just bought a comparator and am making a sorting box for it. I also trade him plants and squash and other stuff I grow but don't eat, for beer, wine, propane, and ice...works for me.
Where's the 'updated'? Expected $44 or a photo of Blythe's body.
Geez, another 'B'.
Bama, Byteme, Boner - now Blythe.
Like in Major League. Make up a cut out of a nude Blythe and cover it up. Keep taking off pieces for every two dollars silver goes up in value. :)
+
+
A couple key date Morgans popped up at my coin store today. Pulled the trigger on '93 and '95 and a couple of Carson City Morgans. Charged it to my Chase card, natch. Laters!
A $20 gold piece in the early 1930s is now worth now contains $1480 worth of gold.
This means the dollar is now worth 1.35 cents, and the dollar has lost 98.65% of its value since the early 1930s.
Why?
predators DBA federal reserve.
predators DBA federal government.
Bitchez, BITCHEZ!
The 100 pesos silver coin 77-79 yields .6428ozt ag and .72 purity.
Nice. My $10,500 I bought a few years back worth of silver is not worth over $30,000.
what happens when we run out of cash and they keep printing more to short silver and gold? ill run out of cash before they do.
It's quite all right everyone, we've reached the pinicle of human capacity, that point of ephiony that the cheese is nothing without the rhine, and germany wouldn't be such a bad place to live. From here on out, we are over ripped fruit in a muggy day in may.
bare wittness to the ultimate human achievement.
http://www.breitbart.com/article.php?id=CNG.86c6ebd8b975f969296cd75714b7...
Fed creates inflation to penalize the rich from sitting on their inheritance and living off of interests.
Rich folks caught on and now getting even richer via investments in real estate, commodities, foreign assets, banks, etc, while the poor is forever priced out of owning anything and becomes indebted for life.
Greedspan and the zionist financial mafia have failed.
Suffering are the rest of the Americans and the workers of the world.
While actually true (except i dont think a zionist mafia is concerned about the poor) you are still a communist eurosnob.
You are too important and intelligent to be hanging out with us uneducated americans. Isnt there something else out there more frenchie and more sophisticated to attract your interest?
+whatever. Very funny. There hasn't been a deep thought out of Europe in something like 50 years...
You probably mean since Europe is an American protectorate...
Who said Europe is role model for America?
Americans are not stupid and they import plenty of brains from Asia to fill the pipeline, but boy do they hate intelligence just like they are told by the zionists who themselves value education above all else. This is embedded into the culture of middle to lower class America.Add to that ignorance, the attitude of arrogance that they actually know more than they actually do, you have unmanagable self-destructing masses bringing down the entire nation.
I couldn't care less about who's the best role model as long as Europe takes her freedom back and get ride of American multiculturalism and multi-ethnic society.
give up on stop having faith or belief in : they weren't about to give up on their heroes so easily.
But I repeat myself.
The Fed has said they want "moderate inflation" in the range of 3%. This is a stated target. They've already overshot it.. Once it is absolutely clear that QE2 is not going forward, we're in for a major stock market correction.
Look at the low volume. We are seeing major funds driving up the value of commodities (including silver/sold). When this collapse comes, we're looking at the closing of Act 1. This will be our time to gorge on PMs and load up.
Act 2 will begin once it is obvious that we have double dipped. Then prepare for Act 2... and it ain't going to be pretty. Forget all of the pundits talking about how China will carry the global economy. Their housing bubble will be in free fall resulting in a global contraction of GDP.
PMs are going to the moon, not just not how people are forcasting in one move.
China gdp comes in at 9/7% but inflation reaches highest level in 12 months at 5.4%.
http://dawnwires.com/investment-news/china-scorches-with-9-7-growth-in-first-quarter-2011/
Whenever this blowoff tops out, there is going to be a huge rotation out of SLV and GLD and probably back into bank stocks or something.
After everyone decides to cash out their 401(k)'s and pile into "physical".
Now I gotta figure out how to unload some of my silver bars without attracting unwanted attention, when things get really crazy.
And I assure you that I will be out before this thing crashes.
Tell us your sell prices on the day you sell your silver.
RT why wait?
I can help you unload some of that physical right now!
Don't get caught near the top.
"bank stocks or something."
If you are waiting for the blowoff top, think "buggy-whips"...
Poor robo - only can see PM's purely as an investment........as a trader probably would actually
trader(no) basement dweller (closer) whitehouse dweller probably would actually
corrected it.