*** Do NOT get caught up in Silver Mania or you WILL get burned. *** | |
Anonymous Coward (OP) User ID: 1155212 Canada 12/02/2010 12:15 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 1065356 United States 12/02/2010 12:27 PM Report Abusive Post Report Copyright Violation | Hi Folks, Quoting: Anonymous Coward 1155212Just a quick thread to warn people about acquiring silver and/or gold. I'm seeing various threads that advise dumping your financial account for massive purchases of physical silver and/or gold. Please, please, whatever you do, DO NOT PUT ALL YOUR EGGS INTO ONE BASKET. I am not advising you to keep all your money in the bank, or am I advising to keep it in the stock market, however you need to realize gold/silver have always been a STORE of wealth. These metals have proved VOLATILE over decades of analysis. Those who advocate "barter, and trading for silver/gold" are simply out of touch with reality, while there may be small transactions here and there, I can guarantee we will never revert back to such an outdated trading method. In the very worst case scenario (dirtnap), we would be looking at a new global currency to replace the dollar, which would be initiated by BRIC nations after it has been widely accepted the US is utterly bankrupt. IMHO, I would never personally go about 20-25% physical holdings, anything more, and you are playing with fire. Ignore this at your own peril, do some research before you making such a commitment which could have a very negative impact on you and your loved ones. |
Anonymous Coward (OP) User ID: 1155212 Canada 12/02/2010 12:29 PM Report Abusive Post Report Copyright Violation | Is that picture of you? It must be, because that is the kind of intelligence it requires to invest in one single commodity. LOL @ Traitor. Ya, watching out for people would be considered a traitor. Go ahead Ireland, liquidate all of your assets into silver. You were already raped in the banking CDO fiasco, why not get raped a 2nd go around when silver bottoms? |
Anonymous Coward (OP) User ID: 1155212 Canada 12/02/2010 12:29 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 1173509 Ireland 12/02/2010 12:32 PM Report Abusive Post Report Copyright Violation | Is that picture of you? It must be, because that is the kind of intelligence it requires to invest in one single commodity. Quoting: Anonymous Coward 1155212LOL @ Traitor. Ya, watching out for people would be considered a traitor. Go ahead Ireland, liquidate all of your assets into silver. You were already raped in the banking CDO fiasco, why not get raped a 2nd go around when silver bottoms? |
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Al User ID: 883256 United States 12/02/2010 12:38 PM Report Abusive Post Report Copyright Violation | Yes it will get volitile and go down $4 one day when it is up at $46, $61, $76.... Sure have 25% in stocks (foreign, mining, agriculture, liqour). Have 25% in food/supplies. Have 10% on cash in hand. And have 40% on silver mercury dimes and bullion in hand. People want ipads and not to get raped by paper money and silver is scarce... Silver will not flatline... |
Anonymous Coward User ID: 1036448 United States 12/02/2010 12:39 PM Report Abusive Post Report Copyright Violation | You can keep all your money in fiat currency! It's a great deal. You sweat for what little you have, and the banks bust out trillions with the push of a button. When the gig is up, and noone accepts the scripp anymore, they will bust out a new fiat currency with the whole western world using the same McDollars. The exchange rate from dollars to McDollars? Who knows. I'm sure you will be happy with your new fiat's purchasing power. Silver and gold are money. All else is currency that floats on the whims of the PTB. Don't put all your eggs in one basket, so buy silver and gold. Keep some dollars for emergencies. I'd put at least 40% into metals, if I were you. |
Anonymous Coward (OP) User ID: 1155212 Canada 12/02/2010 12:44 PM Report Abusive Post Report Copyright Violation | Yes it will get volitile and go down $4 one day when it is up at $46, $61, $76.... Quoting: Al 883256Sure have 25% in stocks (foreign, mining, agriculture, liqour). Have 25% in food/supplies. Have 10% on cash in hand. And have 40% on silver mercury dimes and bullion in hand. People want ipads and not to get raped by paper money and silver is scarce... Silver will not flatline... First of all, learn to spell VOLATILE. Second of all, NEWSFLASH, it is NOT 1930 dumb fuck. You people are really fucking insane, if you think our GLOBAL ECONOMY will revert to transactions in SILVER. LOL Typical american thinking, the world revolves around your hemisphere. Another NEWSFLASH, not all currencies are worthless toilet paper like the US Dollar. The GLOBAL economy will carry on with or without your ass. |
Anonymous Coward (OP) User ID: 1155212 Canada 12/02/2010 12:46 PM Report Abusive Post Report Copyright Violation | You can keep all your money in fiat currency! It's a great deal. You sweat for what little you have, and the banks bust out trillions with the push of a button. Quoting: Anonymous Coward 1036448When the gig is up, and noone accepts the scripp anymore, they will bust out a new fiat currency with the whole western world using the same McDollars. The exchange rate from dollars to McDollars? Who knows. I'm sure you will be happy with your new fiat's purchasing power. Silver and gold are money. All else is currency that floats on the whims of the PTB. Don't put all your eggs in one basket, so buy silver and gold. Keep some dollars for emergencies. I'd put at least 40% into metals, if I were you. Sorry I do not own american dollars chief. It's called BEING DIVERSIFIED, which was the whole intention of this thread, not a silver bash-fest. Seeing as how the majority choose not to read, and just make a typical arrogant statement i'm not surprised at the responses. |
Anonymous Coward User ID: 1181872 Germany 12/02/2010 12:46 PM Report Abusive Post Report Copyright Violation | |
Jessica6
User ID: 1072042 Canada 12/02/2010 12:53 PM Report Abusive Post Report Copyright Violation | People need to remember the Hunt brothers of the early 80s. They tried to corner the silver market and when margin rates got hiked the price collapsed along with their wealth. Silver's just another bubble and will burst whenever (or as it feels at this point IF ever) everything else starts to burst. The urge to save humanity is always a false front for the urge to rule it. - HL Mencken |
Anonymous Coward User ID: 1158188 United States 12/02/2010 12:55 PM Report Abusive Post Report Copyright Violation | Fool! You ignore the fundamentals at this economic juncture. People were saying the same thing a year ago about silver. What happened since then? Oh, a 60% increase. Truth is, the seams of the COMEX fraud are coming apart. More and more investors are taking delivery. Default is imminent. At that point silver will not be available at any price. Silver bottoming out? Are you mad? Have you any idea how much potential energy is waiting on the sidelines for a dip, any dip? Silver may be volatile but what does that matter if your strategy is to buy and hold? Look at it this way, if the dollar tanks, silver wins due to depreciation. If the economy gets going again, silver wins due to increased industrial demand. OP if you have 20% of your investment portfolio in silver, that is not enough. |
fillantpre User ID: 1181880 United States 12/02/2010 12:56 PM Report Abusive Post Report Copyright Violation | Hi Folks, Quoting: Anonymous Coward 1155212Just a quick thread to warn people about acquiring silver and/or gold. I'm seeing various threads that advise dumping your financial account for massive purchases of physical silver and/or gold. Please, please, whatever you do, DO NOT PUT ALL YOUR EGGS INTO ONE BASKET. I am not advising you to keep all your money in the bank, or am I advising to keep it in the stock market, however you need to realize gold/silver have always been a STORE of wealth. These metals have proved VOLATILE over decades of analysis. Those who advocate "barter, and trading for silver/gold" are simply out of touch with reality, while there may be small transactions here and there, I can guarantee we will never revert back to such an outdated trading method. In the very worst case scenario (dirtnap), we would be looking at a new global currency to replace the dollar, which would be initiated by BRIC nations after it has been widely accepted the US is utterly bankrupt. IMHO, I would never personally go about 20-25% physical holdings, anything more, and you are playing with fire. Ignore this at your own peril, do some research before you making such a commitment which could have a very negative impact on you and your loved ones. I don't get caught up in any "mania".......... It is NOT going to help buying silver and gold....it's a false hope.............. What will silver and gold buy, when there is nothing? People will be looted by soldiers.......have their stuff stolen by fellow human beings ...........and it will do no good whatsoever......even if you could buy a few things to last a month......the gov't will ration what quantities you can keep on your property and confiscate the rest..... |
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Tetra
User ID: 1181402 Germany 12/02/2010 12:59 PM Report Abusive Post Report Copyright Violation | You can keep all your money in fiat currency! It's a great deal. You sweat for what little you have, and the banks bust out trillions with the push of a button. Quoting: Anonymous Coward 1155212When the gig is up, and noone accepts the scripp anymore, they will bust out a new fiat currency with the whole western world using the same McDollars. The exchange rate from dollars to McDollars? Who knows. I'm sure you will be happy with your new fiat's purchasing power. Silver and gold are money. All else is currency that floats on the whims of the PTB. Don't put all your eggs in one basket, so buy silver and gold. Keep some dollars for emergencies. I'd put at least 40% into metals, if I were you. Sorry I do not own american dollars chief. It's called BEING DIVERSIFIED, which was the whole intention of this thread, not a silver bash-fest. Seeing as how the majority choose not to read, and just make a typical arrogant statement i'm not surprised at the responses. Don't get upset. I appreciate your warning and think the same. You have to remember though: Sheeple love to follow. |
Monster User ID: 1131292 United States 12/02/2010 01:03 PM Report Abusive Post Report Copyright Violation | Why let the Bank lend your money out on 6% or more interest and give to 1% interest, silver will make you more of a profit monthly. Banks can close down, go bankrupted, do you think they are going to call all their customers and tell them to come by and get their cask before they close? |
Anonymous Coward (OP) User ID: 1155212 Canada 12/02/2010 01:11 PM Report Abusive Post Report Copyright Violation | Fool! Quoting: Anonymous Coward 1158188You ignore the fundamentals at this economic juncture. People were saying the same thing a year ago about silver. What happened since then? Oh, a 60% increase. Truth is, the seams of the COMEX fraud are coming apart. More and more investors are taking delivery. Default is imminent. At that point silver will not be available at any price. Silver bottoming out? Are you mad? Have you any idea how much potential energy is waiting on the sidelines for a dip, any dip? Silver may be volatile but what does that matter if your strategy is to buy and hold? Look at it this way, if the dollar tanks, silver wins due to depreciation. If the economy gets going again, silver wins due to increased industrial demand. OP if you have 20% of your investment portfolio in silver, that is not enough. Ignoring the fundamentals? How so? You my friend need to get educated. 60% increase, ok? And? See, this is the main issue I have. People are yelling and screaming BUY SILVER OMG IT WILL NEVER DECLINE BUY IT NOW! But yet, they have no basic understanding of economics, and how collapses and how more importantly BUBBLES form. People like you, think that silver has some type of "immunity" bubble along with gold. I'm sorry, but this is hyperbole. Every single tradeable stock, bond, commodity is ALL susceptible to bubbles, EVERYTHING. |
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Anonymous Coward (OP) User ID: 1155212 Canada 12/02/2010 01:20 PM Report Abusive Post Report Copyright Violation | Don't get upset. I appreciate your warning and think the same. Quoting: TetraYou have to remember though: Sheeple love to follow. I'm not upset, i'm more angry at the lack of understanding on this board, and those that are advocating an "all in" into silver. It's akin to going to the casino and betting 50% of your wages on a blackjack table. It's a gamble, but it's a gamble against the entire global economy, and every country that participates in it. Americans tend to think "inside the box" (Canadians as well). I've been to Europe a few times, and the thought process is very different (Germany/Italy). At the end of the day, it is their decision to dump their life savings into silver, but they will suffer the consequences. |
Anonymous Coward User ID: 751094 United States 12/02/2010 01:20 PM Report Abusive Post Report Copyright Violation | Hi Folks, Quoting: Anonymous Coward 1155212Just a quick thread to warn people about acquiring silver and/or gold. I'm seeing various threads that advise dumping your financial account for massive purchases of physical silver and/or gold. Please, please, whatever you do, DO NOT PUT ALL YOUR EGGS INTO ONE BASKET. I am not advising you to keep all your money in the bank, or am I advising to keep it in the stock market, however you need to realize gold/silver have always been a STORE of wealth. These metals have proved VOLATILE over decades of analysis. IMHO, I would never personally go about 20-25% physical holdings, anything more, and you are playing with fire. Ignore this at your own peril, do some research before you making such a commitment which could have a very negative impact on you and your loved ones. Oh, like paper assets are safe... |