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Silver Closes Well Above $30 As The Dip Is Now Fully Bought
It looks like the much maligned correction in silver is over. After surging nearly 3% on the day, silver is now back above the 20, 50 and 100 DMAs, and what was formerly resistance is now support. In fact, silver is less than $1 away from its recent nominal highs of $31.2375. It appears that speculators have Bought TFD with a vengeance. Hopefully, this also explains the massive silver purchases disclosed by the Mint (already at 838,000 ounces for February) and presented previously on Zero Hedge.
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blind squirrel with a broken clock
Fail. Again...
More like an oracle with f-ing laser beams for eyes. And not the lame red lasers but the super duper purple ones.
Alrighty then.
At what price do you become a believer Mr Billy Gold Douche?
I don't get it, why are you such an asshole to people just wanting some financial protection and insurance against QE and fiat Ponzi schemes?
You are one bitter person.
Yeah, he posts two articles per day, and they are both right.
You, on the other hand, post 1000 times a day, and have always been WRONG. Even a broken clock is better than you.
Please Don't Feed the Trolls
Although I thoroughly agree that troll battles can clog up and ruin a thread, I cannot help myself. I AM A WARRIOR, AND SLAYER OF TROLLS!!
Sorry, did I say that out loud?
fuck off
keep your hands of other peoples' nuts
Big time looser...
No, Turd, thank YOU. Been following your blog since the beginning of Nov. I don't post there as I really have nothing to add to conversation. You've helped me understand how all the markets interact and affect each other more clearly. Big ups to you!
As long as nobody minds, let me do the deed:
http://tfmetalsreport.blogspot.com
Ditto.
Keep up the good work Turd
in umbra, igitur, pugnabimus
I bought a kilo at the bottom of that dip. Did I mention, that at the botton of that dip, I bought a kilo? Me so happy!
Also, my girlfriend doesn't think my world view is quite so crazy now.
Physical all the way, baby!
I can see two meanings there...
Keep getting physical!
Everybody knows you can't eat that shit
I wonder how many people are waiting and hoping (sorry guys) that there is one more big dip left like me?
One? There are lots of dips out there just like you.
Sorry, I couldn't resist. You should be more careful with your wording.
I feel like a big dip for not going longer than I already am (badump chink)! Having said that, I anticipate there should be at least SOME profit taking into the close today which may provide me an opportunity to buy in further. I don't see much standing in the way of $31, so I'm going for more at this point. I'm not looking for a big dip at this point....I just don't want to buy so near the top for the day....
Oh, and if you are talking about physical, most people around here would probably say "dip schmip! accumulate!"
That's the way I'm playing it. My thoughts are worth exactly what you paid for them....good luck to you.
Starting to get really nervous... scared even.... we are still trying to shift around our assets to get into gold and especially silver before it is too late, but we don't have the money right this second.
The price needs to stay low just two weeks longer or we're screwed....
Do you think it will dip a little in the next two weeks?
Well, make sure youre stocked on ammo too, $100 goes a long way to save your life! I like PM's, but have to have a good plan to protect them and yourselves. Hell awaits next.
SheepDog is absolutely right.
Best to be diversified and agile. Au and Ag. Pb and lead delivery systems. Food & meds.
Be prepared...
Wife never wanted a gun in the house. Now she is insisting we get one. Suggestions for firearms and ammo?
We have the food covered - but what kind of meds and where do you buy them?
I would suggest getting firearms that are commonly used by the united states military. This should allow a few things: (1) they're good at killing; (2) lots of spare parts; and (3) plenty of surplus ammo. Obviously, no one can carte blanche recommend guns... we need to know more specifically about what your desired purpose might be as well as your level of technical expertise and desireability for maintenance and repair.
Further, do not buy a cheap piece of shit to defend your life... There are many makes and models, ranging from all parts of the world... there is not a "right" or "wrong" answer to the question of what gun to buy per se... however, some guns are vastly more suited towards home defense (which seems what you're trying to do)... and more suitable for dependability and require less/easier maintenance for novices...
Handgun, shotgun, rifle? Distance to nearest neighbor? Have any home invaders in your vicinity been caught with body armor? Do you want to utilize the gun for other purposes, e.g. hunting?
++++
That hat won't hide your pointy head. heheheh
Jumping into the middle of another topic you don't know anything about? What's your EDC, Troll?
Normalcy bias. You assume everyone looks like you.
lol...
Start with a .22 for marksmanship, then the Shotgun, then spawn a whole new thread as that's a giant ball of wax in one topic. :-)
Depends. If it's to ward off intruders (i.e., potential use only within the walls of your house), it's damn hard to beat a 12 gauge pump shotgun (short barrel) loaded with 00 (or #4)buck. If you're worried about SHTF scenarios and you may need to protect yourself at greater distances, then you want a good rifle...this will open up a big debate I'm sure between different platforms for different ammo, but I would say a good .223 carbine (AR 15 or mini-14) or a .308 (AK) would be your best bet. Handguns are also good (.40 S&W or .45 ACP), but I would really look to that as a backup vs. primary weapon. Lots (and I mean lots) of choices out there, but the most important thing is that you practice a lot (both in use and safety) with whatever you get...this is far more important than the firearm itself.
7.62x39mm is the standard AK round. A newer variant of the AK, the AK-74 is chambered for the 5.45x39mm.
The .308 (7.62x51mm) is a great cartridge, but it has one hell of a kick. I spent some time at the range last summer with an AR-10 and my shoulder had some nice bruising after 150+ rounds.
Fair enough. I was generalizing .308 referring to bullet diameter, which I believe is 7.62mm, but you are correct that the 7.62x39mm is the correct way to state rounds for AK-47s. Needless to say, I am a .223 guy (actually, 5.56 NATO). ;)
"I was generalizing .308 referring to bullet diameter, which I believe is 7.62mm"
Nope.
Check this link: http://www.chuckhawks.com/7-62russian.htm
As you can see, the bullet diameter is 0.311". You can reload using 0.308", but accuracy and velocity are greatly effected. In fact, you may even have failure to cycle due to the lost gas passing by the undersized projectile. Another problem would be trying to get your Lee Factory Crimp Die set in enough to actually do some good before the gaps close up between the collet pieces.
I stand corrected (again). Thanks for the information.
Just tell him you were talking about the Saiga AK in .308
http://www.raacfirearms.com/Saiga_308.htm
Try an HK 91. Just pee down the barrel when your done shooting to keep it clean or else it will get fussy and almost pretend to jam on you.
Even though I tried to avoid recommending a particular firearm above, for the .308 platform, this is my recommendation...
If you get a used one avoid the early model they tend to eject with such ferocity they'll rip the tang off the brass. But damn if they aren't good guns. They will literally yank the most corroded muddy gunked up round and spit it out without a single stove pipe jam.
You're fucked if your a reloader though. They just beat the crap out of the brass.
Pretty much what the AK wished it was... the G3 and its variants have an obscenely decorated battle record... The G3 is kind of like a lambo though, if you can buy it, you're not going to worry about not being able to use the brass again (or the cost of gas) ;)
Much preferred to the AR10 platform...
"spent some time at the range last summer with an AR-10 and my shoulder had some nice bruising after 150+ rounds."
Ahhh, the drawback of plastic rifles (AR platform). Get yourself something with some substance, chambered for 7.62 NATO and you'll never go back! Rent/borrow/steal an M-14 clone such as the Springfield Armory's M1A and run through a twenty-rounder or two and feel the difference!
My DPMS LR308 (which can be had for about a grand) weighs in at nearly 13 lbs. (scoped with full 20 rounds)
This is certainly not a rifle you want to hump all day long, but a 100 pound kid could shoot it all day long without earning a sore shoulder.
My son (14) is begging me to buy an M14. He's old school. I think it's pretty cool, actually.
"My son (14) is begging me to buy an M14. He's old school. I think it's pretty cool, actually."
There are other benefits you may not have thought of before too. When you have that "classic" looking firearm in your gun rack (blued metal on wood), you don't have the neighbors thinking that you are totin' around some "assault rifle" - as long as you keep the 20 round magazine in the seat with you!
Our state just legalized uncased transport with a shitload of conditions. (Bunch of bullshit) Not much gun rack toting around here.
The kid just likes wood stocks with blued wood. Period. Except for his deer rifle, (77 MKII, BTW) he won't shoot anything but iron sights either. Old school. (I'm proud)
This ammo talk done fired me up!
Glad to have you butt in, Puss. Since your nose is now firmly in the middle of the conversation, do you have any SERIOUS questions you would like answered, or are you just trolling like normal?
Isn't it about time for you to head back to the Log Cabin Republican convention? Pretty sure all the guys there are missing their bottom.
Good one. RnR has a "Sloppy Party Bottom".
Okay, that was autistic. Junk away.
Moron...
Spot on. I would recommend AK variants. The damned things are capable of being misused, unlike the US military variants, and ammo is plentiful.
Bruising is caused by the rifle, not the round. You should be able to comfortably fire several hundred rounds of 7.62 Nato with no bruising or fatigue...
True. The even the early 10's weren't exactly featherweight rifles; especially in an auto platform, 7.62 isn't much of an ass kicker.
Agent P is right. Lots of choices, and it depends on exactly your situation.
I have a 9mm Beretta and an AK-47 clone (semi-auto) which I bought as SHTF insurance and thinking that Obama might ban them. I am beginning to think I should have bought the Glock rather than the Beretta though. A bit over 500 rounds for each, which is not much.
My dream rifle (pant, pant) would be a .338 Lapua. You know, for shooting down helicopters...
Ben and his bucks? Or the black ones that circle my house all the time? ;-)
All you need to know about long guns DoChen:
IMO start with a 12 gauge shotgun, then branch out to 45 handgun (NO 9mm's), then semi-automatic regulated gas piston 6.8mm preferable.
Meds.. Grow your own. Buy a Healing Herbs book. If that isn't possible I will defer to someone else's suggestion on where to buy. Because I grow mine.
+1 on the shotgun, caveat that the .45 should not be a 1911 unless you have a big budget, and I would argue that 6.8 is not the way to go for somebody with a limited arsenal. The ammo is expensive compared to 5.56 or 7.62, the round is no better of a performer than 7.63x39, and accuracy is disappointing compared to it's NATO cousins.
I would stick to something you can buy cheap ammo for so that you can afford to PRACTICE, PRACTICE, PRACTICE.
"the .45 should not be a 1911 unless you have a big budget"
And, you want something that does not (generally, as a platform) like to digest hollow-points.
I like larger handgun rounds, but as someone pointed out above - since they are no longer issued by the USG, finding pallets of them at your local Texas Guard Armory is not a likely scenario. I think that since 9mm is nearly a world standard for sidearms, chances are they will be more abundant when scavenging.
My favorite handgun round is .40 S&W. Like the 45ACP and the 9X19, the straight walled casings make reloading a breeze, and it seems to be a favorite round of L.E in my neck of the woods (important to know when scavenging).
I started shooting .40 when I got the opportunity to shoot a lot of it for free. IMO, no reason to shoot any other auto. ++ on the scavenging angle, BTW.
Like others have said, I am making suggestions based on my good experiences. Ultimately you will have to find something which you are comfortable with.
Yes, no 1911's unless you have money to burn. I enjoy my Ruger, but there are better performers out there.
Good points both on the 6.8mm CC. I just love mine. No problems, lower ware, and dead accurate. I have found that the price in ammo has come down though. I was never impressed with the 5.56 performance, but yes if you are looking for a universal and dirt cheap gun/round combo, go for it! Looking for universal and power look at a .308 IMO. If the intention someday is for hunting larger game a 5.56 will never cut it, again, in my experience.
Like the .22 suggestion above for cheap practice. But just make sure you take your actual high power riffle out once and a while to remember the power and noise.
Addendum: Call around to a few of your local gun shops and talk with the people there. Ask lots of questions. If they make you feel stupid as a first time gun owner, don't buy from them! Find someone who does not have an attitude, and you feel comfortable talking with, see if they have a range and will let you try out a gun. You need this to be a confidence building experience. They will be able to help you better with your needs because ultimately you will end up in their shop to finalize your purchase or purchase directly from them.
Not so much bashing you on the 6.8, as commenting about usefulness as a SHTF gun for someone whose selection is limited to one rifle.
I am not an AK fan per se, but if you own one, you have a damn good chance of finding ammo, parts and mags. I like the piston AR platform, (own one) but parts factor in as they are somewhat rare compared to the DI platform. (own a couple of them too) I am a fan of Mini's (own two) for over all taking a beating and always firing, and lightweight, but while plenty accurate for their intended purpose, they tend to be less so than AR's.
On a tight budget, I would probably vote Mini. (buy only factory mags) If budget is not an issue and you can handle a heavy rifle, I would go DPMS LR308 or one of its cousins. (AR 10)
Which Ruger do you shoot? Your 6.8 wouldn't be an SR556 would it?
"Which Ruger do you shoot? Your 6.8 wouldn't be an SR556 would it?"
Ruger has chambered a mini for the 6.8 SPC. Not a lot of demand for it yet, and no high-capacity (Ruger) magazines are offered.
You are very correct about buying Ruger factory 5/20/30 round magazines for the 14, and only facory will do for the mini-30!
"but while plenty accurate for their intended purpose, they tend to be less so than AR's."
Funny, I hear this a lot from co-workers. They always offer to spend range time with me and prove the superior accuracy of the AR platform. The problem is, they always want to shoot from a bench rest. Static stuff. For some reason they shy away from time on the reactive targets range with them.. Offhand shooting would negate much of an AR's advantage. The mini is a carbine. 100 yards and within 1 "minute of man" fired with a quick snap shot from high-ready position meets my needs. Once you get the first hole in them, you can take time and look for opportunities to make more later. At least that is what I learned in boot camp.
Just guessing at the SR556, since he was encouraging the piston platform, and was talking about Ruger.
Agreed on the shooting from the rest vs. reactive shooting comments. Note that my first recommendation was a Mini. I have rifles worth 3 times as much I would leave behind if I could only grab one.
LOL, hey no worries. Didn't think you were bashing. Better to give the man some good advice then flashy toys!
I have to agree with both of your suggestions. The Mini for a 5.56 is the best hands down. They have a 6.8mm for this also, but I have never been able to get my hands on one. :) I have never personally fired a Panther, but I have read some great reviews on it.
To tell the truth I inherited my dads old Springfield .30-06 so I am pretty happy in .308.
Handgun is a P345, and yes I have a SR-556. I was sold on 6.8mm when I bought my Bushmaster. Performance was good, but nothing compared to the SR-556. Bushmaster kept jamming too. Started to get on my nerves hunting for feral pigs.
If you don't mind my asking, hows your SR doing in terms of carrier tilt? How many rounds through, and did the buffer wear settle out?
I will be honest CC, I just bought the gun at the beginning of the year so I do not have a good answer for you on this. I have only run about 200 rounds through it. You got me. I have been out in the garden the last few weekends building raised beds, mixing soil and getting things in the ground. The weather in my neck of the woods has been too good to be playing around! :)
I am still getting used to adjusting for the gas port settings, but the underside of my carrier doesn't have any unusual ware and neither does the buffer tube. I will need to put several hundred more rounds through it though before I could give you an honest telling.
It was one of my concerns, but I weighed my jamming issue with the Bushmaster vs. being able to master the gas regulator settings to minimize ware. We will see in time if my choice was a sound one.
Good question. Sorry I can't supply a concrete answer.
Cool. Let me know how it runs out after a few hundred more. FYI: Mine started to show some wear in the tube at about 200 rounds and grew slowly until 6-800, then settled out. (Maybe a 4-7 o clock and 1/8th deep). It is also an early serial number. I think that there was so much panic over it early, that a lot of guys sent their shit back without giving it time to settle in.
I mostly wanted to know if the 6.8 performed any differently than the 5.56.
Good luck to you and yours. Interesting times.
I can't promise I will remember to tell you, but I will try ;). I certainly thank you for the well wishes and I hope you and yours find peace, prosperity, and happiness in the years to come! Hope to run into you again on ZH!
That's the dinner bell!!
9mms a lot easier to shoot than 45s for amateurs, and mags hold plenty. As a defensive secondary weapon they are fine, which is. Ask the Bundeswehr.
hi-point 9mm cheap (disposable) lifetime warranty
Cheap is not a selling point when talking about something you stake your life on. If TSHTF, your warranty is a small consolation.
"Cheap is not a selling point when talking about something you stake your life on."
Actually, the Hi Point has turned out to be quite an anomaly! It is very accurate and quite dependable. I feel the same way about my tools, but I know people with them, and they are happy with them.
Now, are they technical marvels? Not hardly. Do they use exotic composites and lots of stainless? Nope. They are well-made and heavy as the day is long. They just make them the way they used to be made, before the advent of (Glock) composites and (S&W) lightweight metal alloys.
Don't just take my word for it though, check around with others that actually own one. Oh, and have you ever heard of Gun Tests magazine? They are the Consumer Reports of the gun world. They do not accept loaners or attend factory rep. sponsored shoots. They buy and test. Long term and short. In fact, unless they adjudge the gun to be dangerous, they will sell their excess inventory to you!
http://www.gun-tests.com/
Me? I am an avowed Ruger fan. Love the P-series and mini's. Oh, and Redhawks. Oh, and 10-22's. Oh, and.....
Every "cheap" gun I have ever owned has malfunctioned to the point of not having any faith in it. I have never had a Hi-Point. But even if you are on a budget, my theory is a guy can come up with another $100 and get a P95. Hell, you can find them used for the price of a Hi-Point. If it has issues, let Ruger take care of it.
I love Rugers too, BTW. At one point I had vowed not to quit until I had one of every model. I have since come down to Earth on that, but I do have kind of a shitload of them.
now yer talking!
sig sauer p232 .380
h&k 45 compact .45acp
mossberg 500 12gauge shotgun
h&k sl8-1 rifle in .223
pending additions....fnh ps90 & LMT308
now yer talking!
Fuck N A! That there is some serious fucking heat, baby.
Get yer done! That talk makes my mustache twitch.
YOU DONE GOT ME ALL FIRED UP!
NObama is from Kenya!
Gonna grab my Camaro keys and do donuts around my three-quarter ton Ram!
I carry an HK 45C... love it... smooth as all hell when firing. NOTE: WILL NOT EVEN CHAMBER CHEAP AMMO.
Thanks for the update, Machoman.
I carry two rocks and a sling shot.
Why two rocks? Because you got two eyes, bitch.
NOTE: THIS SLING SHOT FIRES HUGE ROCKS OVER 100 YARDS.
Are you some kind of inner city Sydney faggot?
LMAO!!!
He's just taking a break from the "group hug" at the Log Cabin Republicans Convention.
So basically, yeah.
meh
ESAD
Get a nice .45 acp. Pistols are ideal weapons because they work well as home defense and they are concealable. You won't be able to walk around with a rifle or a shotgun without drawing attention, just keep that in find.
The reason I prefer the .45 to the 9mm is the .45 is a larger low velocity round. 9mm imo are less accurate and harder to shoot for a begginer. Also the .45 cartridges can be recylced almost adfinium.
If you're in the city, may I suggest you look at a Taurus Judge. Interesting weapon.
Judge seems like a good nightstand or glove box weapon; I wonder about it being half-assed for much of anything else. Anybody shot much .45 out of them?
"Wife never wanted a gun in the house. Now she is insisting we get one. Suggestions for firearms and ammo?"
Now, where are all of the whiny-assed liberals that always point out the fact that you don't need a gun if you have a cell phone? Remember, when seconds count, the police are only minutes away! Hell, you can even bluff a mugger - grab your calculator and shout "I'm calling the police!". That would cause even the most hardened criminal to think twice about robbing you - oh, and since he doesn't have a nice, cushy job on Wall Street, he is probably too stupid to realize that you don't have a cell phone anyway.
Who carries a calculator but not a cell phone?
Seriously dude, you're killing me over here!
"Who carries a calculator but not a cell phone? "
Someone who was "jacked" (robbed) last week?
You want the most common calibers, so that ammo is easy to find, and stored ammo is easy to trade.
For rifle, its probably the venerable 30-06 Tikka T1 http://growthehunt.typepad.com/grow_the_hunt/2008/09/most-popular-ri.html
Shotgun, the 12ga pump - Remington 870
Handgun, the .38. I would get a .357, as it shoots .38 as well. Excellent stopping power, and lower recoil .38's for target practice. Ruger speed six http://en.wikipedia.org/wiki/Gun_violence_in_the_United_States
You also want reliability and ease of use - meaning bolt action, pump and revolver. All the previous calibers are in these actions.
Which of these to get first? Depends on the purpose. The shotgun is all-around. Shoots different loads, from #9 to slug, and everything in-between. #00 is well known as a good home defence load, but a sabot slug in a rifled barrel can hunt out to 100yds accurately.
.357 for portability and manuverability.
.30-06 for hunting, standoff distance and penetration.
Despite it not being mentioned earlier, one cannot argue against the merit of .30-06 for an all around rifle.
Wow, gun talk at ZH. I agree on the 870. I have one with a Blackhawk pistol grip and it is a great, cheap, dependable shotgun.
I prefer the .40 on the handgun, but also have a .45, .22, and a .380 for the pocket.
My .45 is my favorite gun, Wilson Combat CQG. Awesome gun.
As far as a cheap gun, my Kel Tech .380 is a great little gun. Fired about 1200 rounds and haven't cleaned it. Accurate, no jamming issues. Side by side same size as ruger LCP. Highly recommend.
Nothing beats the Ruger MKIII for firing cheap ammo. Another great, dependable gun.
Haven't added a good hunting rifle yet, and am not as familiar with rifles. But I do want a good hunting rifle, and think I have settled on 30.06. Any recommendations under $1000.00?
Any out of box name brand will do you right: Ruger M77 Hawkeye, Tikka T3, Savage Model 11, Remington 700's (beware the low end Remington 7xx series; they are cheaply parkerized pieces of shit with HORRIBLE machining), Browning A bolts or BLR's, Kimber 84's.... You name it, go hold 'em all and buy the one that gives you a chubby. With $1000 budget, you'll get yourself a nice rifle.
When shopping for a hunting rifle, don't be a gun snob. Be honest with yourself, and do not buy something you won't be willing to abuse the shit out of. And with all honesty, because I either own or have owned every rifle I listed, I can tell you that unless you are damn good, they all shoot better than the shooter. (barring the occasional unforseen problem)
The first deer rifle I ever bought myself was an old Gustad Swedish Mauser in 6.5x55. I paid $150 for it. (20 years ago) A couple hundred into parts and gunsmithing later, and this $350 rifle has killed dozens of deer.
Seriously. In a hunting rifle, buy what YOU like. Don't get Cabela fever, it isn't worth the money. Trust me, I've been there.
EDIT - I would be remiss if I didn't throw out the recommendation of the rifle designed by my namesake, the late Colonel Jeff Cooper:
http://ruger.com/products/gunsiteScoutRifle/models.html
These are .308 rather than .30-06, but gonna throw it out there anyway.
BTW, I forgot to chastise you for having a gun with 1200 rounds through it and never cleaning it. (Unless you had one helluva afternoon at the range)
My guns stay in de-humidified cabinets, and still get cleaned by the following rules:
-Everytime it gets fired
-Everytime it leaves the house and is subject to harsh humidity, fired or not. (yes, sometimes that means daily wipedowns on a carry piece)
-Every year, even if it hasn't left the house or been fired in a decade.
Upside? I've had rifles with 2500 rounds through the tube graded at 98% on resale. Not by much of an expert, but my pieces are either in good properly maintained condition or I don't have them. I also have REALISTIC confidence in my guns.
Downside? Really haven't found one yet.
If you're looking for a "her's" gun to go along with a gun for yourself, I'd like to recommend this for your wife: Ruger SP 101 KSP-321 XL, model number 5758. Spurless hammer works well in a handbag, and the laser grip will give her a better chance at a good, solid kill shot. (If she's not willing to kill when necessary, don't waste your money on a gun.) Have her get a CCP, too, if your state allows.
Hi Fernley,
This won't make me popular, but honestly, the Glock 19 was really easy for me to learn on. I just like it and it doesn't f-up. I also have a 38 Ladysmith. 5 rounds is not what you want if you are in the thick of things, but I am very comfortable the thing is not going to accidentally go off. It's presence has gotten me out of two scrapes. I'd really like to get training with a holster (I carry in a rip away front pack kind of dohick, not bad, but not quite as fast on the draw as I would be with a holster), BUT DAMN it is hard for a woman to find a holster that works. I've tried many now with no luck.
Curves, bitches.
I tried a Glock, but the grip was a bit too big for a comfortable fit in my hand, and a little more "kick" than I was comfortable with. Our plan is to shelter in place, so the Ruger is specifically for in-home defense. Haven't found a good holster, either. I've ordered 2 & ended up sending both of them back. Think I'll try looking for a holster at a gun show.
MsC: no offense meant to you or your husb, but have you tried a shoulder sling?
My instructor will not train with a shoulder sling and I really want the training.
No offense taken.
you could always wrap a few Oz in a sock and beat the mofos down with your money.
You better rush your ass off. You don't have much more time. But no worries as long as you get silver under 35 and gold under 1430ish you're pretty good.
Alternative viewpoint : don't panic. I would put half into physical now, and keep your powder dry for a correction. The stock market might, and I mean might, just sell of sharply at some point soon. If it does, it will take the weak (leveraged) paper gold/silver hands with it, and the price will also dip. Not as much, but perhaps a significant margin. Look at the charts for what happened in 2008 with the stock market and the PM prices. If you still have some $ left, you can go all in then. Nobody knows the future (except, perhaps, those that MAKE it in these markets), so a big fat YMMV.
Good points. But I think they'll maybe do an even bigger more desperate lie cover up this year but it will be so blatant it will fail and instead of having all these clueless people it will be a big pile on. But you're right. I have no way of being sure.
Metals are about wealth preservation and maintaining the purchasing power of your savings. Metals won't make you money per se, therefore there is no "bad" time to buy metals. Buy what you can, when you can, with what you have. An ounce of silver is just north of $30, easily affordable for anyone.
In normal times, yes. Gold/Silver are wealth preservation.
However, NOW, we are likely at the end of the silver manipulation. So silver has higher upside compared to gold, and therefore will MAKE money compared to gold. The Gold:Silver ratio is back down in the 45s as we speak. The lower the GSR, the more "value" you can flip silver into gold.
For comparison, the US Congress puts 1 toz of silver at $1, and 1 toz of gold at $50 (American Eagles). RIGHT NOW, you've got a $5 advantage over face value (buy 1 gold eagle for 45 silver eagles). [And yes, I know the "stamped" values are a complete farce].
Yes, thank you! I neglected the historical ratio in my (hasty) post.
Nevertheless, it's always a good time to buy.
outstanding on the GSR, archfool; you obviously deserve the rank. just a few days ago i read an essay, online, by a very recognizable guy, who, quoting a gold expert, also very recognizable, called the end of the correction, if, indeed, this IS the end of the dip, which it may not be, w/o further upskie and a coupla dayz to establish the required closes, assuming, of course we are not just getting painted, here.
so, i e-the guy, pointing out that the GSR, from ~70, was now @ 47.1, and since the trend is one's friend, until this trend flamed out, silver!!! he didn't answer me...
Robo Spalding and Harry cant post right now...too busy stuffing tampons in every orifice to stem the blood shooting out.
robo's spandex yoga pants are too tight. they're shrinking his/her gray matter so he can't post.
long PG for tampax action!
And, once again, COMPLETE AND TOTAL SILENCE from Smailes, Republicunt et al.
Yes, Republicunt, those little cartoon bears were truly harbingers of death. Boy, wtf was I thinking buying that dip.
It's almost as if you have no idea what the fuck you are talking about.
That sound you hear? That's the sound of everyone laughing at you.
@Pringsh Peensh '' Who is Wynter Benton...can you do any investigation into this?"
I guess he is Blythe's soulmate !!
he's a good one, buy physical
Hehehehohohoahahaha, got the eMail that my Silver Maples shipped today.
Boy am I glad I didn't wait any longer to buy!
I bought some from Monarch Precious Metals and have been happy so far. Good prices and I like the product:
http://www.monarchpreciousmetals.com/
BTFB--Buy The Fucking Bounce??? I am pissed because a guy owed me money and was going to pay me last week...he didn't...and I was going to pour that money straight into silver....now he paid me today so the silver is going to cost me a lot more now (not really a whole lot but more)....Silver Inflation....
well! that's good! we almost had an exception to: no good deed will ever go unpunished, there...
i sure would have enjoyed being a fly on wall listening to old catfish mouth robo uber bull bear wanna be schooling gentleman jim sinclair on gold and silver's prospects. if they'd been face to face gentleman jim would have flipped old catfish mouth an american eagle gold proof and told him to go call somebody who gives a poofter.
14:1 gsr in the future? Damn skippy! What be the chance of a inverted stiffy of 1:14 gsr? When cats kill dogs and shit; followed by pestilance and the resurgence of the wound balata.
I can understand everyone baggin on Harry, he's either an idiot or a plant...or a plant...anywho, Robo however usually seems to have some data to back up his positions...why the attacks? Just curious as I've only been hangin around here about a year.
I think it's because Robo is trying to prove he's such a cynic that he's promoting stock trades when he knows the system should collapse yet pretends it won't because he's frustrated that it hasn't. It's sardonicism that is not appreciated because it is disingenuous at best.
good question. read his back posts. he mocks successful men (jim sinclair, eric king and nic lenoir are 3 recent ones) on their positions/perspectives etc ... only to take the very position(s) he attacked within days.
don't take my word for it. it's easily searchable.
the sad thing is it's still undervalued.
Let honest money gold/silver end up in the hands of we the people and all the franken-finance chit paper burn with the fraudsters!! Burn as a fiery furnance; consuming every last bankster rat bastard!!
We are fortunate to have Zerohedge publishing timely stories about "what's happening". Some of the comments are also informative. Unfortunately, there are so many personal insults or comments unrelated to the stories that it makes the comments section a waste of time.
Comments on the Seeking Alpha site are an example of how comments almost always expand the story or shed additional light on what is being discussed.
One solution is to edit comments. I would hope that readers would appreciate not having that occur.
you are exactly right. however, keep in mind many of the rough comments are in response to outlandish comments that have taken place over the years at zh. some folks, like me, take exception to posters (robo in particular - harry is just young and full of verve) with limited resources and life success (using their words - how else would one know) smearing and sliming successful people who are doing their best to help others free of charge see the big picture.
@ Ray
What exactly does your comment have to do with the price of silver? Shouldn't it have been posted under a story with a relevant subject?
Inconsequential comments are the problem when one is looking for content (in this case silver). Your response would also fall into the Inconsequential category.
Only as it related to silver. As a response to your former comment, however, it was an excellent illustrator of the irony inherent in your petty whinging about something you get gratis. It is unfortunate that you missed that, though hardly surprising considering you are complaining about having to use your own limited faculties to glean.
"Heya, what's that you got on your face... see how that works?"
http://www.youtube.com/watch?v=ZO4cqJ5IGro
Might I suggest you follow your recommendation and resolve the problem entirely to your own satisfaction by fucking yourself and the horse you rode in on...er, pardon me, by "fuck you and the pixie humping the elephant you rode in on" I meant why not simply keep your nose to your Alpha Dog's backside and not bother at all with what you apparently see as all the bother on ZH?
Perhaps you've never heard the old axiom "you get what you pay for"
Regards
well, i guess we won't be seeing you here again, then, eh, Ray? in the "comments" cuz "some" are a little too "aggressive" 4U. b4U go tho, please allow me to personally thank you 4 the archetypal buzzkill, assuming you weren't just throwing an archetypal sarc punch feint, of course, friend.
"Regressive" as in personality disorder may be more accurate friend. Apparently it is contagious.
+_+<>+: contagious, indeed, friend. ty for the clarity!
freedom of speech 4 constipated thumb suckerz! funnier than a wagonload of crutches, too!
i'm a bit concerned, tho, too, Ray. apparently you were not /s/. assuming i am not misunderstanding you, somehow, thumbing thru my DSM IV, i can't find the Regressive Personality Disorder! i'm probably just lost, again. here's a toke from PsychiatryOnline, Ray:
Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision
Personality Disorders
Sections: Introduction, Dimensional Models for Personality Disorders, Cluster A Personality Disorders, 301.0 Paranoid Personality Disorder, 301.20 Schizoid Personality Disorder, 301.22 Schizotypal Personality Disorder, Cluster B Personality Disorders, 301.7 Antisocial Personality Disorder, 301.83 Borderline Personality Disorder, 301.50 Histrionic Personality Disorder, 301.81 Narcissistic Personality Disorder, Cluster C Personality Disorders, 301.82 Avoidant Personality Disorder, 301.6 Dependent Personality Disorder, 301.4 Obsessive-Compulsive Personality Disorder, 301.9 Personality Disorder Not Otherwise Specified.
Topics Discussed: personality disorder.
Excerpt: " This section begins with a general definition of Personality Disorder that applies to each of the 10 specific Personality Disorders. A Personality Disorder is an enduring pattern of inner experience and behavior that deviates markedly from the expectations of the individual's culture, is pervasive and inflexible, has an onset in adolescence or early adulthood, is stable over time, and leads to distress or impairment. The Personality Disorders included in this section are listed below. Paranoid Personality Disorder is a pattern of distrust and suspiciousness such that others' motives are interpreted as malevolent...."
slewie, here: perhaps you are referring to 301.9, above. i'm afraid you might not get paid trying that, Ray, b/c i can't see how even torture enablers & abettors could miss anything as obvious as the Regressive Personality Disorder. i know i'm probably being way too anal, but, as friends, i think it is important for both of us to try to work thru this, together. i mean, Ray, i'm a bit concerned that you may have either a) forgotten to take your meds, or b) recently escaped from someplace where you had been locked up, for some reason. can you help me out here, friend?
3.14-rat. I am impressed. If all that energy were focused on something positive, like silver, you would be 3.14-midas.
well, at least it wasn't wasted on you, my friend.
3.14 Rat
Your logo looks like rat poison. Have you tried it?
Talk about a DIP!!!
DOUBLE DIP: Home Prices Just Declined For The Fifth Straight Monthhttp://www.businessinsider.com/home-prices-decline-fifth-month-2011-2
It's 2011. Do you know where your money is?
Bullion is in the safe.
In the last few weeks I bought 525 of us eagles and some maples. Can't afford to buy more for now. I admit I am rather late at the party, and I have mixed feelings about it. I am not sure I will buy much more now; it will take much longer for another 475 to fill the box. As I said, mixed feelings.
There is a lot we can Bernanke be grateful about, soaring commodities is one of them.
You'll be back for more. Once you get that first taste after delivery you will experience an increasings itch for more. I find the only time that itch goes away is when I have bullion in the mail. I have a delivery coming within a day or two. I guess Ill just have to bite the bullet and buy more at these prices.
The Bearing is on approximately Day 10 since stopping purchases of PMs (as I reached 10% of my wealth in PMs, OH NO, I meant since JonNadler's trolls scared me off!).
So far, so good!
a mere 10%? pah. 100% all in since Jun 2009.
started out 70/30 gold silver but the figures are fast approaching 50 / 50 now.
70/30 the other way round would have been the one in hindsight.
10%! DCRB...come on now...you're joshing...uhhhh
Tell me this is The Bearing's Dis-informations campaign ; )
I will only forgive you if the other 90% contains farm land in peru, a chiaroscuro restaurant in Argentina, or a torture chamber fitted for Blythe.
10% it's true.
That includes everything. We have our business in Peru, our condo here, a tiny bit of CRE, stocks & bonds (most of which are locked away in trusts) and whatever our daughter has. No debt!
Now if you speak of liquid assets I can get my hands on RIGHT AWAY, well that % is much higher.
...
Those last three assets WOULD be nice to have...
I bought the dip as much as I could in ASE and my first AGE. I am moving out of paper because you can't eat it, into heavy metals Au Ag & Pb, although I can't eat those either.
welcome to the party, Kristian. perhaps you were a wee bit late b/c you have been misinformed that silver coins produced by the US mint are "commodities". perhaps. i do not REALly know. there is so much confusion abt what money is, what a dollar is, what legal tender is, and what a FRN is, that i am confident in saying that nothing, except human BEings, of course, has been junked so much in the history of The Republic, as the "dollar". the SE's you "bought with dollars" are: a) produced by the US Mint; and, b) labelled "one dollar". NOBODY knows wtf is going on. trust me. i just put the google on: "dollar defined in the US Constitution and law".
4,800,000 results in .20 seconds! here's a legal opinion from ed viera @ The Freeman: What Is a Dollar? | The Freeman | Ideas On Liberty
also: US Constitution Online: Answers From the FAQ, Page 2 - The U.S. Constitution Online - USConstitution.net
welcome to the funhouse, homey. we are ALL bozos on this bus!
perhaps we can get 2-300 different "definitions" from ZeroHeads who know i'm wrong, before they read the shitsky @ these links. /s/
let's not get into the freaking Maples quite yet, ok?
yabyum, not that i have any personal testiMONEY in this this regard, but there be sum strong scuttlebut that blythe really enjoyed gettin creamed by that train, last fri nite, especially during the double-time march. some pretty strange strange, there.
last week a woman on the bus started talking about silver. some other ladies said they had a few coins, so she started telling them what they were "worth" as junk silver. she was low, for some reason. then she sez, "I sold all my silver too early; I wish i still had it now." low-mid 20's i figured. price not age. asian too. another guy i know from the bus said he was doing quite well selling silver and gold for non-US asian courtesan-types. the 22k-24k "jewelry"; silver coins. he said they took pretty good care of him...
as far as a shotgun goes, it sounds like the wife may not be familiar with them. the local ranges, here, will let you use theirs, which is a bit more expensive, but, when my kids were younger, i would take them to the range, making all kinds of noise abt how expensive it was, so they would have to plan and cook an inexpensive dinner when we got home. good kids. and they got to throw some different sized lead outa diff. firearms. for a domestic situ, why not go w/ a 16 guage? less bruises. maybe an ithaca featherweight for the home?
ithaca featherlight 16 gauge - Google Search
peace.
lol junked. X2!! i haven't owned any firearms since 1971. that's why i took my kids to the range to learn about them and how to use them safely. i don't believe either of them own one, either. but my children learned about firearms from me, not some high school kid in colorado. you teach yours as seems best for you, ok? great memory of watching my degenerate spawn of a teenaged daughter looking at the handguns, trying to decide...
Whoops! JPM's Blyth won't like this much... I see smoke rising
Welcome back Chumbawamba!
I still use your (Santa's) guide as a route map in the darkest hours...
I rely on Jim Sinclair to inform me:
Jim’s Formula:
September 1, 2006
1. First interest rates rise affecting the drivers of the US economy, housing, but before that auto production goes from bull to a bear markets.
2. This impacts many other industries and the jobs report. An economy is either rising at a rising rate or business activity is falling at an increasing rate. That is economic law 101. There is no such thing in any market as a Plateau of Prosperity or Cinderella – Goldilocks situations.
3. We have witnessed the Dow rise on economic news indicating deceleration of activity. This continues until major corporations announced poor earnings, making the Dow fall faster than it rose, moving it deeply into the red.
4. The formula economically is inherent in #2 which is lower economic activity equals lower profits.
5. Lower profits leads to lower Federal Tax revenues.
6. Lower Federal tax revenues in the face of increased Federal spending causes geometric, not arithmetic, rises in the US Federal Budget deficit. This is also true for cities & States as it is for the Federal government.
7. The increased US Federal Budget deficit in the face of a US Trade Deficit increases the US Current Account Deficit.
8. The US Current Account Balance is the speedometer of the money exiting the US into world markets (deficit).
9. It is this deficit that must be met by incoming investment in the US in any form. It could be anything from businesses, equities to Treasury instruments. We are already seeing a fall off in the situation of developing nations carrying the spending habits of industrial nations; a contradiction in terms.
10. If the investment by non US entities fails to meet the exiting dollars by all means, then the US must turn within to finance the shortfall.
11. Assuming the US turns inside to finance all maturities, interest rates will rise with the long term rates moving fastest regardless of prevailing business conditions.
12. This will further contract business activity and start a downward spiral of unparalleled dimension because the size of US debt already issued is of unparalleled dimension.
Therefore as you get to #12 you are automatically right back at #1. This is an economic downward spiral.
I heard all this “slow business” as negative to gold talk in the 70s. It was totally wrong then. It will be exactly the same now.
No one gets the timing right on this stuff, so ignore anyone who says the cash is going to be on <insert date here>. Sinclair is one of the few that gets the details right.
http://jsmineset.com
I am Chumbawamba
when i'm feeling a bit sorry for myself i like to go to jim b/c he is always MOPE-ing about something, himself. plus, the angel with gold magnet always cheers me up, too.
his short version isn't bad, either:
QE to infinity. he keeps it pretty simple! gold? $1600 target 4 now, unless i missed an update. CIGA
Not bad for the unwanted stepchild of metal. Silver is pretty close to smooth sailing mode. Or surfing whichever you prefer.
http://www.contactingthecongress.org/
congress votes on the PATRIOT ACT TONIGHT 630 EST. I just watched the debate on cspan... call your reps.. come out of the shadows guys... I'm calling mine in Oregon