SILVER PRICE EXPLOSION COMING!: Adrian Douglas

[Ace1000ks1975]

What if the world economy falls into the greatest depression in the history of the world? Would the price of silver still rise? The Baltic dry index today is 700, and the Baltic dry index in 2007 was 11,000. The global economy is in a depression, so what makes you think silver will rise in such an environment?

[911madeinamerica]

@Ace1000ks1975 if we print so much money that the value of the dollar comes almost worthless, metals will obviously rise

[911madeinamerica]

@911madeinamerica becomes*

[Ace1000ks1975]

@911madeinamerica There is another scenario for all this debt, the governments around the world could try to inflate out of it. This will create a hyperinflationary scenario. Interest is always compounding, and it is exponential in nature. In the beginning, interest moves slowly, but near the end when the debt gets very big, it compounds at a amazing rate. This is why we had so many stimulus packages in the last 4 years. 500 billion, 1 trillion, 2 trillion, etc.

[Ace1000ks1975]

@911madeinamerica This money isn't being loaned out to people. Besides, the debts as a result of compounding interest rates will insure there will be many times more debt than there will be money in the economy. I'll show you... The derivatives bubble is more than $1000 trillion, and the sum of all debts in the US alone is more than $100 trillion. The amount of money and credit in circulation is about $13 trillion, so there isn't enough $ to pay all the debts. Result=austerity.

[Ace1000ks1975]

@911madeinamerica You will not become rich by investing in gold or silver, but all of your purchasing power will be saved. A lot of people are going to get wiped out, but your money will keep its value. :)

[911madeinamerica]

@Ace1000ks1975 I agree, but depends on how much silver you have :)

[cooldog60]

The US makes the best looking Silver and Gold coins. Beautiful!

[Racing4Home]

James 5

Go to now, ye rich men, weep and howl for your miseries that shall come upon you.

Your riches are corrupted, and your garments are motheaten. Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days...

Ye have lived in pleasure on the earth, and been wanton...

Be ye also patient; stablish your hearts: for the coming of the Lord draweth nigh.

[familysurvivalfoods]

silver is going to go up very soon, i also believe one should buy long term food also

[dPain261]

@prussianblue14 I dont understand german.

[expresscourier]

Buy high, sell low. If you want to be stuck with $40 silver and $1800 gold, go ahead buy more but watch your feet because precious metals market is about to crash and is ripe to send most of you to the poor house.

[prussianblue14]

@expresscourier You really miss unterstand the hole money sytem and how it works. the dollars lost 98% in worth since he start .like all paper Money. only gold and silver are money,all other is credit from the mammon.

[Meathead36]

@expresscourier Thank you for the comment mr Bernanke.

[B7acKLioN]

@expresscourier right becuase this happened before all them people who invested in gold and silver...the government took it from them...the same shit is going to happen again

[TheHeretic2011]

No industrial use for gold? I've got a hundred computer motherboards covered on both sides with PC traces made of.....GOLD! Computer processors have gold in them as well. Own a stereo made after 1970? Odds are all the audio connections are gold plated.

[revcobbcrash]

@cloudskipper40 I buy all my silver through APMEX, H & H Silver, or on auction sites. No hassles from any of them.

[Stillwater900]

@revcobbcrash Yeah, but you pay huge premiums for that .999 silver from APMEX and H&H. I buy all MY silver in the form of sterling flatware and plates from antique stores, and I pay usually a few dollars under spot. I've never understood why people insist of paying those premiums, can you explain it to me?

[cloudskipper40]

mint.ca/store/coin/2011-10-fin­e-silver-coin-maple-leaf-forev­er-prod1130003

Here is a link to highlight what I mean. The coins are great,..99.99 pure but by the time you add everything up the price is basically double spot. You are right that sometimes there is no tax,..but they want so much personal info,.and as is the case for Scotia bank,..you pay the taxes twice and pay capital gains tax. I think Mexico is the best place to buy pure silver.

[dPain261]

@cloudskipper40 You can't buy bullion from the RCM, you have go through dealers. That is not bullion, that is a collectable coin with a mintage of only 100000 and this is only a half ounce coin. Canadian maple bullion is an unlimited mintage (sold over 17 million in 2011). I would never buy bullion through the mint. As for capital gains tax, just sell it privately for cash.

I will sell you my collection. 200 2012 canadian maples for $7400CDN. 8 sealed tubes of 25

[cloudskipper40]

@dPain261 Ok thanks for that,..I will consider your offer. I assume that is 200 ounce of 99.99 pure. Buying from Scotia Bank is even worse than buying from the mint. My silver supplier in Canada sells me .925 for maybe $2 above spot at the most. He could sell me .999 if I wanted it but then by law he would need to take all my personal info which I don't agree with. As far as buying from dealers or buying from ebay or kijiji I am paranoid since some of those could be fake.

[dPain261]

@cloudskipper40 I mean I would never buy bullion through a bank*

[cloudskipper40]

@dPain261 Nor me. That is why I think Mexico is the best place,..huge selection,..low premiums,...no taxes no capital gains to pay later and no personal info taken. Also the canadian dollar now is very high to the mexican peso and is almost on par with the US dollar. Just food for thought. Would you come down any more on the $7400CDN?

[dPain261]

@cloudskipper40 I couldn't go down on $7400, cause I was offered $7200 on friday. I am just waiting to see what the price is on monday.

Fakes are really easy to spot if you buy new bullion, they fake old coins cause they can rough up the imperfections and it is really hard to tell. I would never buy off ebay, cause a canadian maple goes for $45 and $5 shipping. Avoid anything that says mills or clad, cause it means plated. The best is to from a local dealer.

[dPain261]

@cloudskipper40 You will only have to pay capital gains tax if you buy from a company, then get them to store it for you, then get them to sell it for you when you make money. If you buy actual physical silver, then sell it privately, There is no paper trail unless you claim it yourself.

[adrianwillis360]

people be carefull with your money, some scientist could come up with a way to produce gold and silver from dirt any day now! buy your self a house in america or germany, you can find one for 60000 no joke. Houses were i live are 300000 minimum.

[dPain261]

@adrianwillis360 I agree, property is the best investment in the world. scientists make synthetic diamonds and diamonds are still high.

[dPain261]

How much dividends do you guys get from silver and gold? Oh ya, NOT A PENNY!

[brklynmd3]

@dPain261 When the economy collapses I will have gold and silver to get by on. When the market crashes along with everything else... how much dividends do you get? Oh ya, NOT A PENNY! And no gold or silver to get by on!

[dPain261]

@brklynmd3 When the economy collapses are you better off with a hunk of metal or multiple properties and farmable land like I have and I get over 10K/month and when the collapse happens I will get my mini gun and kick everyone off of my land.

[Bravesfan4500]

@dPain261 hell buy one of those old mg-42's. the sound of that machine gun would scare the living shit out of people.

[cloudskipper40]

@dPain261 True,..but what will dividends mean if your shares collapse or the dollar becomes toilet paper? There is nothing better than having the real deal in your hand. My friends dad bought 60 ounces of gold when it was $400 per ounce. He is laughing today

[dPain261]

@cloudskipper40 My buddy bought an 8plex for $128 000 it is now on the market for $840 000. I don't hold on to paper money, I do hold my money in silver and gold until better options come along.

PLEASE READ THIS:

World commodities are bought with US dollars, so every country holds US dollars, which is why the US dollar is high, BUT... India is going to be buying oil with gold and china may follow. If countries use the gold standard this could be a huge tip for anyone reading this

[leodragant]

Gold could go through 8.000$ an ounce and Silver 500$ an ounce!

[cloudskipper40]

@leodragant I hope it will but it probably won't be anytime soon

[001MeTaBoLiC100]

This guy below me might be right about Pan Am Lithium. I got out of the stock game a long time ago, but am interested in this one.

[ash11271000]

@001MeTaBoLiC100 no pump and dump check out the company .......friend me i will still by my world you will c i have to more penny stocks that will blow over the summer but i cnt say ,,,

[cobbcrash1]

You have to remember, silver price is being manipulated. What firms like JP Morgan/Chase are doing is selling paper ETFs that are NOT backed by physical metal. So these paper receipts are worthless. They'll keep manipulating the price down as long as they can, but when it all comes down, the price will skyrocket. The day is coming.

[cloudskipper40]

@cobbcrash1 I think I agree with you and I hope you are right. I spoke to a bank manager from Scotia bank who is in charge of precious metals inventories. She told me that the silver manipulation is a myth. She says it is all accounted for and audited regularly. But I don't believe that. I told her about a guy in Ontario who tried to claim his physical silver and had to wait months because there was none available.

[cloudskipper40]

@cobbcrash1 Also, the last may crash in silver occurred over the weekend when the stock market was closed.Thus investors could not do anything about it. The other bad pull back a few months ago also occurred on the weekend. To me it seems obvious they are manipulating the price to keep it low. They clearly don't want it to go above $50 per ounce. That is a physcological level and record number(not inflation adjusted)

[revcobbcrash]

@cloudskipper40 Ok, it is being manipulated and the bank manager is wrong. The silver and gold are not accounted for, at least in the US. They recently found gold plated tungsten bars in Ft Knox. The drops in prices are almost always on the weekends, but I'm in this for the long haul, since 1970, in fact. If you truly believe silver won't go over $50 an oz, sell off what you need to get your money back and keep the rest when it hits the high $40s. Wait for it to bottom out, then buy again.

[Rothschildism]

Anyway, If you don't have 90% (junk) silver, buy some! Here's why: When the shit hits the fan you don't want to to be trying to buy stuff with a single coin worth $100-7000 and expecting change! So, buy a bunch of 90$ dimes!

[Rothschildism]

There may be more of a premium on the .999 and .9999 rounds but they also get their take on the 90%. A compromise would be to buy non-government minded coins. The premium on those is less - maybe $2 vs. $4 today. But then again, there is a coin shop in my town who sells silver maples for $2 over spot, yet eagles for $4 over spot, and the maples are more pure and much prettier in my opinion...

[cloudskipper40]

Here is a good ? about silver coins. Should you buy .999 coins and pay huge premiums, commissions and taxes. Or should you buy .925 coins, and only pay a commission. I did the math, and I find that although .999 is more valuable obviously, buying .925 seems a better investment and you would keep more money. Any comments or questions?

[ndrthrdr1]

I hold physical silver, and buy a little more each time I can afford it, regardless of the price. I like Northwest Territorial Mint one ounce Stagecoach rounds.

[stangGTKKK187]

maybe 100 yrs from now

[BSmenot]

buy marijuana the good stuff exceeds $200 an ounce

[MIKEX51]

Marijuana is a "renewable resource", you can always grow more. Gold and silver are limited. But with that being said, smoke it if you got it. ;)

[BSmenot]

@MIKEX51 A sensible response to a glib comment.. toke toke.. ssss.... mmmm..

[Joker13621]

@BSmenot Grow not buy*

[Mathaius833]

@BSmenot it gets burned up, and achieves nothing that is a colossal waste of money.

[serger2010]

@BSmenot  and take a chance of going to Jail, no thanks I like my freedom!!!!!

[Crazybenjiwoo]

@BSmenot why not do precioius metals, its legal and better profit per ounce.

[BSmenot]

@Crazybenjiwoo Cheeezz! I was only kidding.

[Gentilseulement]

I sold at $34. What a smart move it was!!! And I'm not even a so-called expert!!!! I listened to God.

[survivalrod]

@Gentilseulement Only smart if you got it all back at $27

[Gentilseulement]

It's now at $26.91. LMAO!!! When was it that low???

[MONOPOLY35]

Rhodium was $300 then it skyrocketed to $10,000 without anyone noticing?! How in the the world does that happen?

[precicia]

Yes of course now that the world is learning medicinal cures with silver the demand for it will drive up the price.



[elimar008]

brrrrrrrrrrrrppppppppppp up your ears

[ForestSongUnLTD]

gold doesnt oxidize so it is used in contacts and connectors to eleminate oxide capacitance. look it up.

[flya750]

it looks like silver is going down to mid 20's...

[JPMorganSuckBalls]

@flya750 for now.

[paulrprichard]

"Gold goes through 1,000" ?

This interview was from a few years ago.

[Bugs11000]

I'm verry happy I invested in silver, I've got a 25 cents and a silver dime. One day i'm gonna get the silver 5 cents.

[PecolaCatfishHunters]

looks like his prediction didn't happen gold is at over 1,600 silver is at 30 bucks

[MegaJimjom]

i take loads in my ass

[terrellbreaks]

@MegaJimjom we know

[MegaJimjom]

i take loads in my ass'

[rytis1]

3 year old pink silver unicorn fairytale. Annually silver comes in about 8 times greater quantity than gold, it's price will never approach equality with gold.

[vambo13257]

@rytis1 You won't be here when it does so what difference does it make!