Silver trader economy in trouble

[rionpiccaro]

Thanks for making this video. You are helping people. There are many theories, but they all lead to one direction...the falling dollar. I think of buying silver as a stop loss on the dollar.

[barneythehorse]

ETF's are EXTREMELY risky - What if Comex defaults ?

[tradergee1]

I have since stopped recommending the ETFs and stuck with the miners instead.

[bigdeneen]

I have the same idea... silver = a nice house .. a farm ... ect

[magichandpuppet]

Hey Greg - this is all very true. I am going to watch more of your videos and try to learn to trade. Right now I am all physical (gold coins, silver coins, and bullets). I wish I had not leveraged myself so much with real estate... I am trapped but now that I know hyperinflation is coming... I am hoping it gets here before I run out of work :)

[tradergee1]

Yeah put all the cash you can into things that rise with inflation then pay off those things that cannot rise - like Real Estate!

[disciplinemisanthrop]

informative.

thanks, man!

[dgmoocher]

Nice manifesto. Going through your vids and others sequentially as time allows. Very helpful.

[usergently]

Great exposé, friend!... domino effect!

[dan020350]

Let's hope Aaron Russo is not right few years ago when he say the dollar will crash, otherwise , there will be a conspiracy.

[RonRepublican]

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

[buzzz121]

How true!

[longbeachtrust]

great post.. keep up the good work.

[tradergee1]

Thank you.

[dojufitz]

We have the same plan.....that is a good point - everyone needs to work out what price homes will drop to and how much Silver it will take to get.

Don't forget a half mil home is gonna be huge as all real estate in the western world in dropping fast.

[tradergee1]

Good point.

[artdeco101010]

Love the vids - linked over from stella tongiht.

[tradergee1]

Thanks!

[dojufitz]

Hi Trader,

i'm a new sub via stella - i like your work.

[tradergee1]

Thanks!

[btbking]

hey that's a pretty good strategy, I always wondered when to get off the train and invest else where. But comparing it with real estate, it's a good way of see it.

I got linked here by stellaconcepts, also subbed

[tradergee1]

Yeah it takes a bit of repetition to change the way we think.

[mike6459]

silver is currently reaching overbought levels...the slv etf has a resistance level at 15.23 so you may want to wait...you can also go double short on silver using the ZSL etf but have more risk. Your videos are great BTW

[tradergee1]

Thanks alot I didn't even know about the zsl. Going long is always safer than shorting so I think I will mention ZSL in my next vid.

[SPYFICTION]

I've heard that the COMEX would default soon, maybe this or next month. The gold futures would tank, and making real gold go through the roof. Silver, along with other precious metals, will rise. Investors will want their gold but they're won't be enough out there. The dollar would soon start to decline rapidly.

[kimdaviscali]

Great stuff, just stumbled across your videos and am new to buying silver...thanks for posting.

[tradergee1]

Thanks! and let me know if you have any questions.

[tradergee1]

Your point is correct as far as cost yes. I always put the small investor in mind and realize that the larger investors will be fine without me. Thanks again.

[adam1mc]

Thanks for the reply. I've subscribed to your video's.

[tradergee1]

I only trade the ETF to generate more physical. Any profit I take from a short position is withdrawn and used to purchase new physical. ONLY owning the ETF would be a mistake but I like to trade the ETF to take advantage of the price swings which you cannot do with physical.  The larger you buy the more difficult it will be to trade since the number of potential customers will be smaller. Larger is fine if you plan to trade it for something expensive like Real Estate. Thanks for the reply.

[adam1mc]

In the event of a crash, then Trader may be correct. One would want many smaller denominational of silver coinage so that they could be exchanged for some bread or milk from a local farmer, but other than that, there is no reason not to stock up on larger silver quantities.

Silver is used by many, many industries and (at least in all of our lifetimes) silver is going to be necessary in order to manufacture the electronics that we use on a daily basis. 100oz bars are cheaper than 1oz bars.

[adam1mc]

I would advise AGAINST ETF's. If you are going to purchase PM's then ONLY purchase the real thing. Anything else is only a 'promise' and a 'promise' means jack shit in the event of a financial collapse. ONLY buy the real thing.

And I also disagree about not buying the 'big blocks' of silver - 10, 20 or 100oz bars. Silver is Silver is Silver.

[bluedobie4]

What about gold? Do you have any opinions about it? TIA

[bluedobie4]

What will happen to our savings? For example, my home is paid off, I have money in the bank. How can I protect it from devaluation?

[tradergee1]

I posted a comment on my video to your first question so search for the vid again. As far as your savings is concerned. I would buy some Gold and Silver and watch my vids to know when to buy more of either. Also leave some cash in savings like a month or two worth of bills but that's all. Gold will maintain buying power but Silver will add to your buying power.

[frgtmygld]

What a great video.

You nailed the problems perfectly. The media calls it a "credit crisis", but it's really a DEBT CRISIS.

Devaluation is their only option. Too bad every other country is in the same predicament. I think competetive devaluations will lead someone to jump to the front to default. Then the Bund, guilt, t-bill, etc markets will implode.

[Frequencitee]

One more thing - Infrastructure. No matter where in the world infrastructure improvements happen, Silver is going to be required.

[Frequencitee]

My goal is 1000 oz. and to grow myself out of debt.

I own a couple of properties and some land.

I am also looking at a rollover to real estate. Nothing too fancy. Rental properties near a medical district. Target demographic - Single family or single professionals.

[Frequencitee]

I shared some info with Stella C on patents that require Silver. Most are medical related (no downside to that that I see). Silver is rarely used in hard service applications because it is un-reclaimable. Gold for that use.

I see two peaks. A high and a higher. The first is when the Silver above ground is outpaced by the need. Second when mining begins but still cannot keep up with demand.

And...that is not taking into account a flight from the USD to PM's. It's sheer necessity.

[JurkoffJay]

You've been watching too much Mike Maloney

Stop repeating him, and just point people to his video in the side bar or something.

[rikestard]

i hope i got time to buy some silver, i been hearing scary shit about the dollar collapsing soon. and whats this about god finishing on friday at 911 and silver at 1313? i think this is it.

[darchorse]

Thank you - I like the way you explain things. I agree you need a plan - I'm also thinking in the same direction. Accumulate value in silver and then utilize that value in a nice home or 10. lol - thanks again

[zerosleep73]

Mike Mahoney thinks there will come a time where you can buy a home for 500 -1000 ounces of silver ie 1980. I am also very bullish on Silver. I heard the ETFs are not a good way to invest because of the counter party risks and questionable metal holdings

[tradergee1]

I don't recommend investing in the SLV to hold it but to use it to long and short to generate profit to buy more physical. See my vid on my strtegy and tell me what you think. Thanks.

[becauseicare2]

Nice job, thanks for the video

[becauseicare2]

Turn around in housing??? LOL!! It's going to take YEARS....

[tradergee1]

yes let's all be sure to load up on real estate when it collapses and Silver soars!

[tyronebiggums3]

There's another agressive strategy... SDS. S&P500 Ultra-Short ETF: 2x inverse of the S&P500 index. If you truly believe the market is going down, this is money. But then you gotta get out of them dollars at some point. :)

And yes, this country consumed future goods and services and now it's time to pay it back.

[tradergee1]

Yes the ultra shorts are good too especially the SKF ultra short financials.

[thirstybullet]

I keep half my wealth in physical metals. I wont buy a house until I can get one for 500 ounces of silver, which shouldnt be too much longer. The other half of my wealth is in the long/short of the stock market and I roll the profits into physical metals. It's working really good. Doing just fine so long as the markets dont go flat.  I keep barely enough paper FRN's on hand.

[SilverCollector]

Enjoyed your video. You are spot on. I haven't drank the Kool Aid either. The only money I owe is on a car payment. The only thing I would say is that physical silver in your hands is MUCH more preferable to ETF's. I have silver shares in my retirement fund, but I seriously doubt I'll ever see it. Do you? Now, I only buy silver that I have in my safe and can hold and touch. Paper silver is just that. Paper! Also, I don't believe that we have 4 or 5 more years, maybe days?

[thirstybullet]

I buy 10 ounce silver bars regularly. Sometimes I buy 1 ounce gold bars.......

[tradergee1]

I hope you're right about days but the increase should last for years to come. Thanks for the reply!