Silver! Who Is On This Train?
- Thread starter NoDrama
- Start date
kinetic
Well-Known Member
I invested in some aluminum today, going to break even monetarily and yield a nice time...Cheers!
phyer
Member
If you had invested $5000 in silver 8 years ago, you would now have $42,500.
Where are you getting a few hundred dollars from? Someone a little pissed they didn't get on the train in time?
budsmoker87
New Member
it was a good invesment 8 years ago, i'll give you that
these clowns are talking about hopping aboard that train NOW
these clowns are talking about hopping aboard that train NOW
dank smoker420
Well-Known Member
i saw a sign driving on the highway for a junk yard paying $50 dollars for aluminum cans. does this sound right? or am i reading the sign wrong? it could of been .55$
Johnny Retro
Well-Known Member
There's no use trying to talk sense to these people. I was telling them in the 40's that it wont sustain the run.
You've got it right. Real estate is the place to be right now..
budsmoker87
New Member
the fools in this thread have said that silver is a buyer's market at EVERY price in the past year+ lol....
from $25 an ounce... to $48/ounce
go figure
from $25 an ounce... to $48/ounce
go figure
Balzac89
Undercover Mod
The realestate market hasn't even met the bottom yet. Silver though is or well was at its lowest the last few months. Its up almost three dollars this week already which translates to me being up almost 1000 dollars in four days.
Balzac89
Undercover Mod
Wait till the paper markets unrevel and everyone floods into the bullion market then who will feel like a fool.
budsmoker87
New Member
the paper markets will never "unravel" ...for that to occur, inflation would have to SOAR...and for inflation to be an issue, the FED would have to print HUNDREDS OF TRILLIONS (the amount in toxic derivatives that banks have on their balance sheets). Even if this were to occur (again, impossible)...what makes you think people would flood into precious metals when there are so many better options? it seems to me people buying precious metals are the same paranoid skitzos stock-piling food & ammo, as if civilization is going to collapse
So you gained $1,000 in 3 days? Oilfield pays more than that, just sayin'...and it's not speculative and doesn't seesaw up/down up/down
It doesn't matter if real estate hasn't bottomed... there are ALWAYS lucrative options in real estate, depending where you are. Just because Las Vegas' housing market is down over 60% since '07 and is the shittiest housing market in the US doesn't make it a good investment
So you gained $1,000 in 3 days? Oilfield pays more than that, just sayin'...and it's not speculative and doesn't seesaw up/down up/down
It doesn't matter if real estate hasn't bottomed... there are ALWAYS lucrative options in real estate, depending where you are. Just because Las Vegas' housing market is down over 60% since '07 and is the shittiest housing market in the US doesn't make it a good investment
budsmoker87
New Member
*face palm*
the derivatives market (the REAL debt problem) has nothing to do with bonds
the derivatives market (the REAL debt problem) has nothing to do with bonds
budsmoker87
New Member
most of the debt is NOT in form of bonds, but rather "collateralized debt obligations"
watch the film "Inside Job" for a basic understanding
watch the film "Inside Job" for a basic understanding
fuck scotia bank. i dont buy from banks, its on record for the government to come seize one day.
i buy with cash only, and i buy from a local very reputable dealer. usually 20 packs of generic buffalos, or 25 packs of the canadian maples. i used to collect many types, but when it comes down to it, it seems stupid wasting money on something that looks fancy. silvers worth is in its melted value, not in a collectors value.
i buy with cash only, and i buy from a local very reputable dealer. usually 20 packs of generic buffalos, or 25 packs of the canadian maples. i used to collect many types, but when it comes down to it, it seems stupid wasting money on something that looks fancy. silvers worth is in its melted value, not in a collectors value.
phyer
Member
I am staying with silver because in times of economic turmoil silver is a good hedge against inflation. Whether it be the euro collapsing or the recession turning into a depression, you must admit that silver has its uses in a portfolio. I keep a few thousand in physical silver just in case and probably always will.
With the way the fed has been creating money I wouldn't be surprised if there was another Q.E. on the way in the next year or so which is always a good boost for silver.
With the way the fed has been creating money I wouldn't be surprised if there was another Q.E. on the way in the next year or so which is always a good boost for silver.
hotrodharley
Well-Known Member
You're not very old or not very wise. One of the two and possibly both.
