I wanna remind me people of the volatility of silver's price. The up side is clearly there, but it may not hold the high price desirably long enough. That's one factor people tend to miss.
For example, imagine 2 stocks A & B. A gives you 5X return. B gives you 10X. You'd think B is NoBrainer, but what if A can stay at the high for a year while B only a day and then down? That way you may easily miss B's high, which makes it as if the 10X high never happened.
I still like silver but meanwhile I want people to see the full picture of it. I think the volatility is there until it's widely accepted as monetary medal again. Just my 2 cents.
Join a nationwide effort to overwhelm your Senators with calls demanding support for S 604 to Audit the Federal Reserve, as well as say NO to new powers for the Fed.
The Senate Switchboard number is:
(202) 224-3121 or toll free at 888-355-3588 or 888-818-6641.
Call-A-Thon Targets:
HOUSE OF REPS:
Barney Frank (D-MA) 202-225-5931
Call to urge him to bring HR 1207 to a vote!
SENATORS - URGE TO SUPPORT S. 604:
Richard Shelby - (R-AL) - 202-224-5744 (Ranking member on Banking Committee)
Just look at the charts of gold and silver when the Dow Jones got sold off last fall. FORCED LIQUIDATION!!! Everything will get sold. I wish I knew how to short gold and sliver.
Actually somebody predicted in 2008 that gold price in 2009 may go to $300/oz. When somebody predicted oil will be $30/barrel when it was at $140, I laughed. Thought the prediction was a dream.
I have noticed a huge drop in the amount of old silver coins for sale on ebay, and an increase in price by about 25-50% in the last couple of weeks. Is this the coin market,silver market ,or both? Interesting.
Something as precious as SILVER IS $13 and change per ounce, while useless Playstation 3 games cost over $60 per. Only in the good ol' USA can this happen
I'm saying that something as insignificant as Fallout 3 or Madden 2010 video game is priced or worth more than an ounce of silver that could and will save lives?
Yes, the bankers will keep the price down for as long as they can. That means until there are shortages, (we can never run out) and once that happens prices go up. If they do not go up officially they will go up on the street and that's what matters to us physical holders.
davince: I know that, but WHERE, besides the coin shop, can I sell it when people are willing to pay? Again: APMEX?, some other place beside APMEX? E-bay? I'm asking for WHERE to sell. I guess I can call around at the local coin shops, but I need all the help I can on this one.
The fastest way to liquidate gold out side of the US and UK is a bank.
If you are in those countries you have to sell to a coin shop or dealer such as APMEX or AllAmericanGold. Also you can sell it directly to individuals via E-Bay or Craigslist.
I agree don't finesse it. Buy what you can this weekend. I believe China will shake up the markets with some announcement on July 9th at the G8 summit.
The media and other countries have continued to say that China just needs to accept their dollar position and there's nothing they can do about it. Well, I'm sure China has become frustrated that no one in the G8 wants to debate the issue of a new reserve currency.
It's a good idea to celebrate Independence Day by taking advantage of this dip (see fal2grace's comment on PM sale). Real money IS independence/freedom and debt paper is slavery...
davincij15, I don't understand if your assests are in Canadian dollars, why do you need to buy PM?? It may make sense for Americans to do so because of money printing or other sort of craps, but PM in Canadian dollars, it's been stable if not dropping. You won't benefit much even if gold/silver rise a lot (because your currency will gain value in the weak of US dollars.)
In Oct 07 the Canadian dollar was a $1.10 USD when the USD cracked 80 on the dollar index.
Well after that the dollar tanked in first half of 2008, so what happened to the Canadian dollar all that time? It stayed at par meaning it collapsed with the US dollar.
There is other issues that are more complex I can't explain in this comment.
I've been watching the recent price history of silver and gold and it appears to be linked to the stocks (Dow and FTSE etc). e.g. In november it was cheap.
This last 3 month rally, silver went up, and now the stocks are dropping, silver is dropping too.
I think silver will go cheaper, but for me, I'm glad I bought a kilo bar last week.
I'll buy another bar next payday and hope it's a bit cheaper still, because I think silver will break from following the path of the stock market.
One cannot really predict prices in those kind of rigged markets. But one can profit from downturns, to get the real stuff.
It is impossible to time the right time. So spread the buying, especially buy the dips. But psychology of many seem to force people not to buy, but to sell when everything goes down. And to buy when everything goes up. That might be wise for something like ETF, daytrading, but not for the physical.
Yo Davinci, great vid, I think the price might fall through this week, in part because the IDIOTS in G8 are meeting, the last time they got together, gold and silver were taken to the woodshed to show that our beloved leaders have the situation under control.
On another note, where do you buy silver and what premium to you pay ?
You think it'll go down more, D? I don't. I think it's going to bounce back up to 16, come back down again, and then bust through 16. Of course, all this war, nuclear, rumor stuff could change that and make chart reading worthless... only solid bet: TRADE EVERY PIECE OF PAPER YOU EVER GET FOR REAL MONEY (SILVER) WHILE YOU STILL CAN
I'm watching a guy, whose watching another guy, watching the metals market and he says that if the metals dip to the $12.00 mark around the 16th of July, he'll dedicate 63-66% of monies allocated for metals investment.
I just don't want to wait too long where the price is right and the supply gone.
IF, the supply of Silver runs out halfway through the year and very little is being purchased off ebay due to price or availability ...we have a better chance at the moonshot scenario.
Done my friend! I have an order coming in around a week and a half from now and I am placing another order this weekend.
I feel compelled to buy now because I have missed the boat on buying from the dealer when the price was low and the "Add to Cart" button became an "Alert Me" button.
Given the recent actions by the Fed and all in collusion, I think it is safe to say that they will play games with the metals after the crash; but I tend to believe Gold will be the targeted metal.
On the daily charts, silver just hit its support. I'll be watching it to see if it bounces and comes back down more. If it closes below the support on the daily chart the next stop down will be $12.00. We were in a downtrend all of last month so I may wait to buy until I see some strength in the silver market.
According to a report by the Bank of International Settlements (BIS) JP Morgan received 190 billion for silver OTC derivatives contracts when silver fell to the floor in August 2008.
This means a lot of people bet big and got wiped out.
google
TRARR, Board of Governors
See how rich the banks are keep in mind that the lower part of chart looks like nothing now the big banks are richie Rich.
Just so you know physical silver market is a 1 billion dollar a year market.
That happens to be used in 10,000+ vital products.
It has been used up so that total above ground supply in "Deliverable" form is less than gold with a gold to silver ratio of 5:1 mean there are 5 ounce of gold for every 1 ounce of silver above ground in bar or coin form.
Yes, it's that tiny and it would take one billionaire to buy up the market at the producing end. Some how I think he would get a visit from the FBI or CIA or something soon as he uttered the words "buy physical silver".
So there must be an incredible amount of paper silver out there. I look at the 600 year silver chart and wonder if the idiots in power have been planing this bull crap for that long.
Its the ultimate scam eh, get the idiots to buy gold instead of silver.
I wanna remind me people of the volatility of silver's price. The up side is clearly there, but it may not hold the high price desirably long enough. That's one factor people tend to miss.
For example, imagine 2 stocks A & B. A gives you 5X return. B gives you 10X. You'd think B is NoBrainer, but what if A can stay at the high for a year while B only a day and then down? That way you may easily miss B's high, which makes it as if the 10X high never happened.
dlmaniac 2 years ago
I still like silver but meanwhile I want people to see the full picture of it. I think the volatility is there until it's widely accepted as monetary medal again. Just my 2 cents.
dlmaniac 2 years ago
lovin the ron paul sign
bnash2002 2 years ago
Join a nationwide effort to overwhelm your Senators with calls demanding support for S 604 to Audit the Federal Reserve, as well as say NO to new powers for the Fed.
The Senate Switchboard number is:
(202) 224-3121 or toll free at 888-355-3588 or 888-818-6641.
Call-A-Thon Targets:
HOUSE OF REPS:
Barney Frank (D-MA) 202-225-5931
Call to urge him to bring HR 1207 to a vote!
SENATORS - URGE TO SUPPORT S. 604:
Richard Shelby - (R-AL) - 202-224-5744 (Ranking member on Banking Committee)
coultrane 2 years ago
That is physical cash. Total electronic cash is 7 Trillion.
davincij15 2 years ago
Gold and silver is going to go WAY DOWN!!!
Just look at the charts of gold and silver when the Dow Jones got sold off last fall. FORCED LIQUIDATION!!! Everything will get sold. I wish I knew how to short gold and sliver.
zappos49 2 years ago
Actually somebody predicted in 2008 that gold price in 2009 may go to $300/oz. When somebody predicted oil will be $30/barrel when it was at $140, I laughed. Thought the prediction was a dream.
GoldSilver588 2 years ago
short gdx, pretty easy to do but I think you missed the boat. Bottom is in soon.
whaler3232 2 years ago
DGZ to double short gold
SSIL Short silver
Are ETNs that can get the job done pile on dude I will be buy it when you discount the price for me.
davincij15 2 years ago
good 2 c u i wish i coud buy anything!! best of luck
tinsnanna 2 years ago
I am sure you can buy just 1 ounce a month.
davincij15 2 years ago
D, Once again, thanks for the great vids.
Happy 4th from Vegas.
elviswasaspy 2 years ago
I have noticed a huge drop in the amount of old silver coins for sale on ebay, and an increase in price by about 25-50% in the last couple of weeks. Is this the coin market,silver market ,or both? Interesting.
oilsander1 2 years ago
We agree.
The next fifty days are bargain days in the land of silver.
Buy Buy Buy
Remortgage the house. I am.
Put it all in silver.
Fifty days, just fifty days.
Now
Listen to the Man, DaVinci . He's right on.
PQRLOVE 2 years ago
Silver's a buy!
JRCrowley 2 years ago
Something as precious as SILVER IS $13 and change per ounce, while useless Playstation 3 games cost over $60 per. Only in the good ol' USA can this happen
HiredGunz98 2 years ago 2
Games are entertainment and I would not think poorly of anyone buying them with in reason.
I spend that much taking the family out to the movies when you include the drinks and pop corn. So what's the difference eh?
davincij15 2 years ago
I'm saying that something as insignificant as Fallout 3 or Madden 2010 video game is priced or worth more than an ounce of silver that could and will save lives?
HiredGunz98 2 years ago
No it will not, the people who do not know about silver and gold should be buying it instead of PS3 games.
davincij15 2 years ago
AGREED, buy with both hands! Soon you will be glad you did.
DontTread0nMe1776 2 years ago
Yes, the bankers will keep the price down for as long as they can. That means until there are shortages, (we can never run out) and once that happens prices go up. If they do not go up officially they will go up on the street and that's what matters to us physical holders.
Street price.
davincij15 2 years ago
Street price? Ebay? Local coin shop?
APMEX? Who will you sell to first?
whiskerchild 2 years ago
In Zimbabwe everyone accepts gold or silver for exchange of goods and services.
Let's say you do want to sell your gold for currency. The only reason you will get I high dollar price is because a large number of people want it.
Thus selling it is not a problem, I can sell it 10 oz gold right now at my coin shop and walk out with 10 grand Canadian.
Prices are not a function of I got something and I am not selling it. It's a function of you want it and WILLING to pay a lot for it.
davincij15 2 years ago
davince: I know that, but WHERE, besides the coin shop, can I sell it when people are willing to pay? Again: APMEX?, some other place beside APMEX? E-bay? I'm asking for WHERE to sell. I guess I can call around at the local coin shops, but I need all the help I can on this one.
whiskerchild 2 years ago 2
The fastest way to liquidate gold out side of the US and UK is a bank.
If you are in those countries you have to sell to a coin shop or dealer such as APMEX or AllAmericanGold. Also you can sell it directly to individuals via E-Bay or Craigslist.
hope that helped.
davincij15 2 years ago
independence day = NOW slavery day. silver is a commodity that is needed like oil. Recovery will increase the demand.
Mongodelight 2 years ago
Gold and Silver is money.
The fact that Silver is used in over 10,000 applications make it even more valuable.
davincij15 2 years ago
- ' blah, blah, blah.
I just unsubscribed.
tetekofa 2 years ago
And you took the time to comment your intention, thanks.
lol
davincij15 2 years ago
Ha Haaaaaaaaaaaaaaaaaaaaaaaa
CosmicDramaQueen 2 years ago
I agree don't finesse it. Buy what you can this weekend. I believe China will shake up the markets with some announcement on July 9th at the G8 summit.
The media and other countries have continued to say that China just needs to accept their dollar position and there's nothing they can do about it. Well, I'm sure China has become frustrated that no one in the G8 wants to debate the issue of a new reserve currency.
addbball 2 years ago
It's a good idea to celebrate Independence Day by taking advantage of this dip (see fal2grace's comment on PM sale). Real money IS independence/freedom and debt paper is slavery...
sizzlot 2 years ago
You hold debt paper you enslave someone else or give power to those that get it for free.
Dump your paper money free yourself this independence day!
davincij15 2 years ago
but if deflation continues...it will be much less...
bjmccullough 2 years ago 2
Thanks for those Independence Day wishes!
I certainly hope it will not be our last in peace and (relative) prosperity.
MzProgressive 2 years ago
davincij15, I don't understand if your assests are in Canadian dollars, why do you need to buy PM?? It may make sense for Americans to do so because of money printing or other sort of craps, but PM in Canadian dollars, it's been stable if not dropping. You won't benefit much even if gold/silver rise a lot (because your currency will gain value in the weak of US dollars.)
GoldSilver588 2 years ago
In Oct 07 the Canadian dollar was a $1.10 USD when the USD cracked 80 on the dollar index.
Well after that the dollar tanked in first half of 2008, so what happened to the Canadian dollar all that time? It stayed at par meaning it collapsed with the US dollar.
There is other issues that are more complex I can't explain in this comment.
davincij15 2 years ago
Great video. btw, Apmex is having a sale through July 9th. I bought a little.
fal2grace 2 years ago
Its the same prices they had before, they just stuck a red firecracker next to the item and called it a sale. Still good prices though.
kenandjasha 2 years ago
they've got some rounds .79 over spot and some bigger pieces .59... I just discovered them recently...so I'm sure you're right. thanks.
fal2grace 2 years ago
I've been watching the recent price history of silver and gold and it appears to be linked to the stocks (Dow and FTSE etc). e.g. In november it was cheap.
This last 3 month rally, silver went up, and now the stocks are dropping, silver is dropping too.
I think silver will go cheaper, but for me, I'm glad I bought a kilo bar last week.
I'll buy another bar next payday and hope it's a bit cheaper still, because I think silver will break from following the path of the stock market.
stuntpea 2 years ago
Thanx
jembocc1347 2 years ago
great video
KrinkleKuts 2 years ago
One cannot really predict prices in those kind of rigged markets. But one can profit from downturns, to get the real stuff.
It is impossible to time the right time. So spread the buying, especially buy the dips. But psychology of many seem to force people not to buy, but to sell when everything goes down. And to buy when everything goes up. That might be wise for something like ETF, daytrading, but not for the physical.
dontblamethemessenge 2 years ago
We are having deflation of 0,01 % here in Europe..
veriappelsiini 2 years ago
Prices are falling. As I said, money printing does NOT necessary mean inflation at all ! So be careful with this "hyper-inflation" trap.
GoldSilver588 2 years ago 2
Why money printing doesn't necessarily mean inflation?
veriappelsiini 2 years ago
davincij
is Canada printing tons of money too?
TheFlex21 2 years ago
No, there's no need to buy PM if you're in Canada or Australia.
GoldSilver588 2 years ago
davinciji is in canada
and stellaconcepts is in australia
go figure
TheFlex21 2 years ago
Yo Davinci, great vid, I think the price might fall through this week, in part because the IDIOTS in G8 are meeting, the last time they got together, gold and silver were taken to the woodshed to show that our beloved leaders have the situation under control.
On another note, where do you buy silver and what premium to you pay ?
wildpett 2 years ago
Bloomberg reports that india wants to dump the dollar as reserve currency also...
sizzlot 2 years ago
You think it'll go down more, D? I don't. I think it's going to bounce back up to 16, come back down again, and then bust through 16. Of course, all this war, nuclear, rumor stuff could change that and make chart reading worthless... only solid bet: TRADE EVERY PIECE OF PAPER YOU EVER GET FOR REAL MONEY (SILVER) WHILE YOU STILL CAN
REDEMPTIONthreadz 2 years ago
Amen.
davincij15 2 years ago
-redemption
I'm watching a guy, whose watching another guy, watching the metals market and he says that if the metals dip to the $12.00 mark around the 16th of July, he'll dedicate 63-66% of monies allocated for metals investment.
I just don't want to wait too long where the price is right and the supply gone.
IF, the supply of Silver runs out halfway through the year and very little is being purchased off ebay due to price or availability ...we have a better chance at the moonshot scenario.
Frequencitee 2 years ago
I picked up more today. If it drops a bit more i will add on.Its accumulating time!
bigtwo1952 2 years ago
i like it when yo hair is a bit little longer
orangefield1 2 years ago
What hair?
davincij15 2 years ago
wow that RS video was good
nextdimensions 2 years ago
what's an opertunity?
pairunoyd 2 years ago
My bad.
davincij15 2 years ago
canada was lucky. had not for britain, america would already conquered maple leave canada long time ago. britain protected u guys.
anyway JP Morgan is in the same class as goldman sachs
KhmerD0g 2 years ago
hey khmerdog
who do did 9/11?
TheFlex21 2 years ago
check the spelling of "opportunity"
I believe this is a bottom since dealers are not passing on the "discount" around the place.
stellaconcepts 2 years ago
Thanks.
davincij15 2 years ago
Done my friend! I have an order coming in around a week and a half from now and I am placing another order this weekend.
I feel compelled to buy now because I have missed the boat on buying from the dealer when the price was low and the "Add to Cart" button became an "Alert Me" button.
Given the recent actions by the Fed and all in collusion, I think it is safe to say that they will play games with the metals after the crash; but I tend to believe Gold will be the targeted metal.
Frequencitee 2 years ago
Additionally, I think ETF's will be the first to feel pressure from:
a) Bank Holiday(s)
b) A run to sell ETF's
c) Bye Bye COMEX
d) Hello... "It is our patriotic duty to give up our physical metal holdings to show support for our faith-based currency"
To which I say, "No thank you and kiss my *ss. I'll be happy to supply them with lead, but I'll be keeping the brass part, too"
Frequencitee 2 years ago
On the daily charts, silver just hit its support. I'll be watching it to see if it bounces and comes back down more. If it closes below the support on the daily chart the next stop down will be $12.00. We were in a downtrend all of last month so I may wait to buy until I see some strength in the silver market.
007380 2 years ago
Things are getting serious...yeah??? The storm is coming IMO!
campeona5 2 years ago
How much paper silver is out there ? This is how the price is manipulated down.
boots920 2 years ago
According to a report by the Bank of International Settlements (BIS) JP Morgan received 190 billion for silver OTC derivatives contracts when silver fell to the floor in August 2008.
This means a lot of people bet big and got wiped out.
google
TRARR, Board of Governors
See how rich the banks are keep in mind that the lower part of chart looks like nothing now the big banks are richie Rich.
Just so you know physical silver market is a 1 billion dollar a year market.
davincij15 2 years ago
So its all on paper then this is why silver is such a better bet than gold.
- industrial metal
-used in health industry
-investor quality
About as much physical gold as silver above ground.
Silver is the value play, gold is the hedge against inflation.
Incredible opportunity on pure speculation.
boots920 2 years ago
Silver is money.
That happens to be used in 10,000+ vital products.
It has been used up so that total above ground supply in "Deliverable" form is less than gold with a gold to silver ratio of 5:1 mean there are 5 ounce of gold for every 1 ounce of silver above ground in bar or coin form.
davincij15 2 years ago
I'm selling my gold and buying silver but its still a painful process.
You have to realize that silver is more "valuable" than gold.
I buy silver now, so I can afford gold down the road when it goes 1:1.
boots920 2 years ago
1:1 gold to silver price ratio is a long term thing and at that point it's in a bubble, if it even gets there before it pops.
davincij15 2 years ago
That's a valid point but its the only thing (speculation) that I can justify to get me to sell the gold and buy the silver.
I'm starting to like it to tell you the truth, but the gold is still very shinny.
boots920 2 years ago
and just to clarify, 1bn is a teeny weeny tiny market
stellaconcepts 2 years ago
Yes, it's that tiny and it would take one billionaire to buy up the market at the producing end. Some how I think he would get a visit from the FBI or CIA or something soon as he uttered the words "buy physical silver".
davincij15 2 years ago
So there must be an incredible amount of paper silver out there. I look at the 600 year silver chart and wonder if the idiots in power have been planing this bull crap for that long.
Its the ultimate scam eh, get the idiots to buy gold instead of silver.
boots920 2 years ago
And 20% of that teeny weeny tiny market is John Christian and dv15 doing a hostile takeover of the Silver market 100 ounces at a time.
Frequencitee 2 years ago 2