You only need 1% of the Big money funds to move assets into silver and you have a HUGE effect. Silver is a TINY market, about $23 billion a YEAR. The richest people in the world could easily buy years of production. With such a tiny market it is easily controlled by "Big Money" influence.
Silver! Who Is On This Train?
- Thread starter NoDrama
- Start date
Angry Pollock
Well-Known Member
Maybe you all should look at Nordson corp stock, may 1st split 2-1, got 525 shares free when i worked there and another 171 shares thru an esop. it was around 22.00 awhile back, almost cashed it in, glad i didn't now. was up over 100.00/share b4 split. no i am not spamming for them, just watching when the 'big shots' buy or sell. should i cash it all in and buy silver?
sure, but wait until it's back down to less than 20/oz , won't be long
beardo
Well-Known Member
It is just begining to pick up steam, it's a great time to get on board...
Thats what happens when you play in the paper market, they can change the rules and hike margin requirements every day if they have to, hell they can even make it so only liquidation orders are processed, in essence cutting demand to nothing. Physical ownership is the key to this all. I sure hope silver falls below $20 an ounce, I will buy as much as possible because the fundamentals of silver are better than any other commodity out there.
Dirty Harry
Well-Known Member
NEWBIE QUESTION. I noticed this thread and am not a silver investor. I did use to collect old paper money and one time some silver.
I have nine .999 troy ounce rounds stating 1981 Mined from U.S. Strategic Stockpile silver. U.S. Assay Office San Francisco.
It is not an official coin but a troy ounce round. Any collectors know if they are worth more that spot value?
P.S. I picked them up years ago for under $5.00 each after figuring shipping when I bought them.
I have nine .999 troy ounce rounds stating 1981 Mined from U.S. Strategic Stockpile silver. U.S. Assay Office San Francisco.
It is not an official coin but a troy ounce round. Any collectors know if they are worth more that spot value?
P.S. I picked them up years ago for under $5.00 each after figuring shipping when I bought them.
beardo
Well-Known Member
It would be sell for somewhere around 40$ worth of federal reserve notes today.
Mr Neutron
Well-Known Member
DelSlow
Well-Known Member
I wonder how long until it bursts...I gotta get more guns/ammo.
if you invested 1 year ago to the day you have seen a 100% return in that one year. And when the opec nations stop using american dollars in the trade of oil we will see a huge surge in the traded value of silver. American dollars are being propped up by being the oil currency and a national reserve currency for nations preparing to drop the dollar as there backing system. Once amount of currency actually being circulated doubles or triples as will easily happen in either of those two cases we will see a massive loss in buying power. This coupled with the retirement of the baby boomers over the next three years will lead to massive government debt to social security (requiring the printing of yet more bonds sold to the fed to print the new money required to pay for all of it) which will only compound the speed at which buying power is diminished. Millions will have there standard of living fall as others become millionaires in a few short years.
Gold and Silver are true wealth, they won't ever lose their intrinsic value, the more you have the wealthier you are, whereas with dollars you are only as wealthy as what your dollar can buy, and long term prospects for the dollar keeping its value are very very slim.
Buy as much as you possibly can.
Silver has historically always traded at a ratio of 15 to 1 Vs Gold, gold is now $1500 therefore silver SHOULD be at $100 an ounce at this very minute. It is highly manipulated, the price will overshoot, I see an easy $140 an ounce within 2 years, perhaps sooner if the Comex cannot keep up with demand for physical.