Silver! Who Is On This Train?

[NoDrama]

I would never sell my silver for anything less than spot. I hope the price of silver does crash and goes to 1 penny per ounce. I will still be buying it, only I will get a whole lot more bang for my buck!

 

[Balzac89]

Ahuge silver mine collapsed in Utah. Output of the mine equals ten percent u.s. production

 

[UncleBuck]

Anyone invest in silver? Thoughts, rants?

Personally I have done pretty well since buying a physical position in Sept of 2008, anyone else a silver bug?

and silver has gone from about $50 an ounce when this thread started down to about half of that today.

 

[Balzac89]

Today, as the second largest copper producer in the United States, Kennecott Utah Copper provides about 18-25% percent of the U.S.'s copper needs.[SUP][1][/SUP] Kennecott’s Bingham Canyon Mine is one of the largest man-made excavations in the world.[SUP][citation needed][/SUP] It is one of the top producing copper mines in the world with cumulative production at more than 19 million tons of copper.[SUP][2][/SUP] In 2011, Kennecott produced approximately 237,000 tons of copper, along with 379,000 troy ounces of gold, 3.2 million troy ounces of silver, about 30 million pounds of molybdenum, and about 1 million tons of sulfuric acid, a by-product of the smelting process.[SUP][3][/SUP] Since Rio Tinto purchased Kennecott Utah Copper in 1989 it has invested about $2 billion in the modernization of KUC’s operations. KUCC has also spent more than $350 million on the cleanup of historic mining waste and $100 million on groundwater cleanup.

 

[Balzac89]

and silver has gone from about $50 an ounce when this thread started down to about half of that today.

Has your investment in preparation H paid off yet?

 

[silasraven]

it keeps diving further and further. just watch it

 

[UncleBuck]

Has your investment in preparation H paid off yet?

whoever followed the rawn pawl nuts' advice when this thread was started may as well have just lit half their money on fire.

hell, burying cash in the backyard would have been a better investment.

that's what ya get for listening to morons who deny commodity bubbles.

 

[Balzac89]

http://mtstandard.com/mine-slide/image_b78985a0-a3bb-11e2-a293-001a4bcf887a.html

 

[silasraven]

http://mtstandard.com/mine-slide/image_b78985a0-a3bb-11e2-a293-001a4bcf887a.html

whats this mean for trade? up or down???

 

[Balzac89]

whoever followed the rawn pawl nuts' advice when this thread was started may as well have just lit half their money on fire.

hell, burying cash in the backyard would have been a better investment.

that's what ya get for listening to morons who deny commodity bubbles.

Bubbles are marked by a certain pattern not yet seen here. I would rather have metal than paper in the long term

 

[Balzac89]

Bitcoin was the perfect example of a super inflated bubble. Parabolic is the word

 

[silasraven]

Bubbles are marked by a certain pattern not yet seen here. I would rather have metal than paper in the long term

here is the trend.

one year. it tanks then raises.

 

[Balzac89]

whats this mean for trade? up or down???

Copper way up silver slight bump.

 

[Balzac89]

here is the trend.

one year. it tanks then raises.

That's a regular cycle

 

[silasraven]

That's a regular cycle

good cycle, sign of a trend.

 

[Balzac89]

However you won't see it until supply shortages of copper with a 20 percent decrease in supply

 

[UncleBuck]

this is a bubble.*

that bitch is gonna blow!

 

[Balzac89]

whoever followed the rawn pawl nuts' advice when this thread was started may as well have just lit half their money on fire.

hell, burying cash in the backyard would have been a better investment.

that's what ya get for listening to morons who deny commodity bubbles.

The Dow Jones is blowing a bubble

 

[silasraven]

this is a bubble.*

that bitch is gonna blow!

hasnt gone below 1400 for a while now so its safe to say its going to stay above 1300 for a while

 

[Balzac89]

this is a bubble.*

that bitch is gonna blow!

I personally don't own any gold. More of a silver coin collector. I'm not an economist for sure. I just think gold has the potential to go higher. It's really leveled off. There hasn't been any huge sell offs.