Silver! Who Is On This Train?

[NoDrama]

instead you'll hold it until it's too high and nobody wants to buy it. Then what've you got? worthless metal on your hands

Then if no one buys it say good bye to every single modern convenience you can think of. All electronics or anything that uses electronics will no longer be able to be built. Overnight the production of over 10,000 different items will stop. most Plastics will no longer be able to be created either since it relies on silver to work. You have to understand that industry uses 660 Million ounces of silver per year to keep the world going with iPhones, iPads and everything else. The actual amount of silver per unit is very small so manufacturers will not balk at expensive silver. I don't think it could ever become worthless unless they found a real philosophers stone.

Industry demands 660 million and they mine 760 million ounces. Total demand for silver in 2011 was for 876 Million ounces, meaning they removed 116 million ounces from storage to meet demand. This is called a production deficit.

Anytime they use MORE of something than can be sustainably produced means prices will continue to rise. Add on top of that the MASSIVE dollar devaluation being created by the Fed and you have the formula for huge gains in the prices of precious metals.

You hold onto the cash, I will hold onto the silver, by this time next year lets compare value shall we?

 

[Balzac89]

silver is shit...you all should've sold it when it hit $48/oz a while back, like I did


instead you'll hold it until it's too high and nobody wants to buy it. Then what've you got? worthless metal on your hands

Yeah cause those dummies down at the pawn shop will never buy a real assest with real value.

 

[phyer]

I probably would have sold it @ $48 if I was trading it at that point. Mind sharing with us why you think silver is shit? I have made a 34% gain on my money in the last month or two which beats most blue chip or other investment vehicles by a wide margin. Repeating its shit over and over without giving a reason just makes you look like a whining kid mad he didnt get on board quick enough, ya know?

 

[NoDrama]

I probably would have sold it @ $48 if I was trading it at that point. Mind sharing with us why you think silver is shit? I have made a 34% gain on my money in the last month or two which beats most blue chip or other investment vehicles by a wide margin. Repeating its shit over and over without giving a reason just makes you look like a whining kid mad he didnt get on board quick enough, ya know?

34% is awesome! Good going!

 

[NoDrama]

*face palm*

the derivatives market (the REAL debt problem) has nothing to do with bonds

Interest rates have more to do with derivatives than you think. Do you not understand the implications of the LIBOR scandal?

 

[NoDrama]

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.

There are MASSIVE tax advantages in buying legal tender eagles and maples. Gold and silver are taxed at the collectibles rate (40%) if held in bullion, since legal tender money cannot be taxed (it could not exist) the tax you have to pay on the capital gains (from 4$ to a current $35) over the last 10 years would amount to not one red cent. That is why people like eagles and maples, not because they are collectible (proof sets are).

 

[budsmoker87]

i'd rather go to work and make $1,000 every 2 days



and then buy properties and rent them out, collecting monthly equity


sounds a whole lot more profitable than buying coins and sitting on them

 

[budsmoker87]

yea and those dummies at the pawn shop never EVER even offered me CLOSE to spot price for silver


i offered some of em a roll, $10 face value, of junk silver quarters once...was offered like $25

 

[NoDrama]

yea and those dummies at the pawn shop never EVER even offered me CLOSE to spot price for silver


i offered some of em a roll, $10 face value, of junk silver quarters once...was offered like $25

I can sure see why you don't like silver, you don't know who to buy from and are even more clueless about who to sell it to.

Sell to APMEX if you don't have an exchange nearby, they will purchase at spot price.

If you want to get ripped off sell to a pawn shop.

Sell at a local coin shop or a gold exchange and get $6.30 for a single pre '64 quarter.

go to the banks and ask if they have any silver dollars, buy them for $1 each and take them to the exchange and sell them for $26 each.

Hows the tax on your real estate, you got insurance on all those right? Don't want them to burn down. Ever replace a roof on a silver coin? Me neither.

While you look for a good renter to replace the halfwit who drove through the garage I will stick my silver in the ground and wait.

 

[NoDrama]

i'd rather go to work and make $1,000 every 2 days



and then buy properties and rent them out, collecting monthly equity


sounds a whole lot more profitable than buying coins and sitting on them

Yeah, working the oilfield is EXPENSIVE as hell. All the fuel you spend getting to location, all the money you spend on overpriced food. Eating out all the time, replacing work clothes and buying boots all cut into the $1,000 you are making every 2 days.

FYI, if the price of oil drops below $70, you will be out of a job faster than you can say "oh shit".

I roughnecked when it was actually dangerous and physically exhausting during the 80's so I know exactly how it all works.

You live in a man camp? Trying to make a go of it in the Bakken or you somewhere else?


FYI if you purchase a home and get rent income, its not equity, its rent income. The Equity is the amount of cash you can sell your house for minus what you owe.

 

[budsmoker87]

lol those expenses hardly cut into the amount of money made...delusional much?


explain your $70 per barrel threat to job security theory

 

[NoDrama]

lol those expenses hardly cut into the amount of money made...delusional much?


explain your $70 per barrel threat to job security theory

ahhh the sound of someone who hasn't got a clue what the oilfield is like.

 

[budsmoker87]

ahhh the sound of someone who hasn't got a clue what the oilfield is like.

came out here with nothing, been here a year and banked tens of thousands



your comments mean nothing to me

 

[Learn2Grow]

Very many people are capable of growing a plant, when all you have to do is put a seed in the ground and water it accordingly. It's not difficult.

Weed is weed, and in such a situation as your depicting, no one will differentiate weed drastically in value, whether it's grown on a commercial farm or grown in optimal hydroponic conditions.

Bullets are just as much of an investment as silver, it's just silver will likely see a better return within the same time frame. I own about 20,000 rounds of various ammo for this reason... it's a good investment. I don't know why you're unable to comprehend silver as an investment that produces very good, and very real returns, because that is what it's proven to do so.

Something that grows on a tree, is not even in the same realm of "value" as a metal, because metal doesn't grow on a tree. This is why weed will plummet in value when it's legalized... because it grows on a tree.

You all are delusional.. You are thinking like people of today's market. If you really think that things which grow in the ground are only valuable if they are illegal you have fallen victim to the system already. Food will be the most valuable commodity there is and it has to be grown by someone. Think sustainably not like the hoarding money grubbers that got us into this mess.

 

[NoDrama]

came out here with nothing, been here a year and banked tens of thousands



your comments mean nothing to me

I thought you said you sold all your silver at $48 price?

 

[budsmoker87]

couple grand, sure



that was before i ever made my first dime (10k)

 

[phyer]

You all are delusional.. You are thinking like people of today's market. If you really think that things which grow in the ground are only valuable if they are illegal you have fallen victim to the system already. Food will be the most valuable commodity there is and it has to be grown by someone. Think sustainably not like the hoarding money grubbers that got us into this mess.

The fact that is illegal artificially pumps up the price. Do you really think that weed would sell for $20 a gram if anyone could grow it in their backyard or walk down to the corner store and buy some.

 

[futureprospects]

got silver for dayssss

 

[NoDrama]

couple grand, sure



that was before i ever made my first dime (10k)

If you made so much money on your silver, why do you hate it so much? Did some talking head on TV tell you it was a bad investment?

 

[InCognition]

silver is shit...you all should've sold it when it hit $48/oz a while back, like I did


instead you'll hold it until it's too high and nobody wants to buy it. Then what've you got? worthless metal on your hands

Silver has commercial uses. It won't just come to a point in time where "no one wants it".

Silver will go well beyond $50. Funny thing is Gold will do the same thing and go beyond $1900. Thing is silver has many more uses than gold, so while it's price is more volatile, it's actually a safer investment in regards to it's actual value.