The handle is probably not solid sterling... tear off the silver cover will reveal a hard wood or wax handle... only the forks and spoons are solid silver
there is not enough gold and silver in the world to have them be the currency. How big would your gold "coin" have to be if it was, say a dollar. I agree with this gent, when the contraction comes gold and silver crash (all commodities). That is the time to buy. Did you know in 1933 the govt made it illegal to own gold. They gave u $20/oz for it. In 1934 the repegged and gold was $35. THAT was the great devaluation. The dollar losing 40% overnite.
silver is politically driven, not market driven. look at history, the Hunt brothers tried to corner the market, and the elite drove it down to a few dollars. same with oil. The elite determine what prices are/will be. Silver has already corrected and gains have been taken with present inflation. If or when silver goes to $600, bread will cost $80, you will have done nothing more then hedge/maintain your assets. so don't panic or celebrate when the price goes up or down unless you day trade.
Because too many Eurotards think the U.S.D is worth more than the paper it's printed on. Having USD when Greece, Ireland, Portugal, Spain, Italy default is going to be just about as good as having Euros. Get Food, Land, Guns, and lastly Metal.
So silver is useless, you can make a nail buffer from it. When most of the Silver is bought up, there will be none left for the emerging population.... SO WHAT. If you want to sell your Silver and no one wants it, what will you do with it? If you buy Molybdenum you can grow food with it, build impressive infrastructure, etc. Think into the future and accumulate a metal when its cheap. Due diligence.
The difference between silver and the dollar is that silver is intrinsic and it has a price which fluctuates from day to day. The dollar on the other hand is based on nothing but debt. In our case the debt of the nation. When money is created, the Fed prints it in order to satisfy an order from the govt in return for bonds. We (the taxpayer) pay that loan that the fed makes to the govt back with interest. Which means that the dollar in your pocket has interest attached to it.
@silverfuturist Not worried about the big sell-off. An oz is an oz is an oz. Hey, I need a yoga pose for strengthening the lower back; specifically around the sacroiliac (SI) joint. Got one?
You make my day :) My name is Jackie, so when your video started it freaked me out -lol Actually you could refer to me as "Jackie A." Yep, always learn something watching you. I'll be happier when you are back to holding chickens and out of the tool shed--LOL
why are people on ebay still paying 40-41 dollars an oz for silver, when they can go to reputable dealer and get it much cheaper? makes no sense to me. any insights?
@quicksilverxgen There may be many reasons for this. In some cites/towns/boondocks one may not have access to reputable dealers. In a huge drop like this many of the local dealers will be sold out of junk silver as many will be snapping it up so the buyer runs to ebay. The funny thing is the ebayer who SELLS junk silver at the current prices often will realize LESS than what they can sell it to a local dealer for (adjusting for ebay fees). Also maybe paypal is safer than CC #s over the net.
@quicksilverxgen not every body has a coin shop or a pawn shop close to them, also a lot of people find ebay easy for there paypal transactions. but you are right i do buy from monex, apmex, and local coin shops which give me the market price of the time i order.
@quicksilverxgen Perhaps they only want a little and live far away from any decent bullion dealer. I only like one in my metropolitan area of about a million people. (of three more one has high overhead and the other two seem sleazy to me) In that way Ebay could be being used a bit like Sears or other mail-order companies used to be. Also, people place bids well before auctions end, and then if the price drops before closing, they're committed to paying a high price.
Hey Mr. Silver. You nailed it good, you warned that something was brewing and gave people a chance to sell off their silver and now buy it back cheaper. Good work!
@mrbeanbag Thanks! I didn't make any recommendations, I don't know the timing or range on what is happening, I would prob get the details wrong and lose people money. So I am more general.
hi joe i have never been so exited in my life silver is going down it is a great buying oportunity a friend of mine bought $20000 worth of silver 9-10 back in 2008 after the crash .he recently sold at $38 and made a decent return he will buy back when it hits $22-25 so will i because soon we will see silver and gold become the alternate safe haven for wealth the fed is in panic mode mr benanke has finaly broken a sweat
One big problem with that argument: IT'S A WORLD MARKET! This sell off is for real, and it's dollar related. What the Fed is doing is going to force deleveraging. Zero rates combined with a highly regulatory environment is not about trying to get them to loan more to people, it's about the exact opposite. This is a very dangerous volatile environment financially and anything can and probably will happen.
Two stores refused to sell, and the third was almost out of stock. OUT OF STOCK. I had to buy 10oz bars instead of 1oz rounds because they were almost out! Nuts! And btw, this store usually has TONS of silver. It was packed with people BUYING! Crazy stuff
@Mikemaladar Same here, there was no slow in demand. It was hedge funds dumping on the market in order to get snap up cash to ride the uptick in the US Dollar. The only question is, where is the bottom? I was originally calling $25. But if the slide towards it frightens people who can't sit for a year for it to return, it might blow through resistance at $20. Worst/Best (depending if you're a bull or a bear) case scenario is $12. But I'm calling $25.
You ever ponder this? What if all futures markets have been rigged since the 70s to suppress the price of stuff relative to paper? To hide inflation. Huge corruption to kick the fiat scam down the road? I think Bix Weir has a website with some unique theories on this.I have no idea; but have considered it.
@DeadEndFed they demonitized, and essentially made gold/silver not money anymore and instead made paper money because the paper was no longer backed by the physical asset. this means all the richest and wisest people out there bought all that cheap physical and silver. they knew the system would crash and when it did,, they would be the only ones with stock piles of real gold/silver while everyone discovered they were tricked to think paper was money and forgot about owning physical .
I hope silver and gold keep dropping, I want to buy some more.
But it won't go much lower, here is why.
This is classic manipulation to SCARE you away from the dollars rival. They do these dramatic drops to freak people out, commodities seldom move this way in 2-3 days...
If silver and gold go down too far people will be buying it up dirt cheap, they want to drop enough to scare you, but not enough for a bargain buying opportunity.
Hold your silver and gold. Buy more. We just got a gift courtesy of the Federal Reserve. A discount on gold and silver. Gold at $1,655 and silver at $30.92. Who cares if the U.S. Dollar is up. We all know markets such as currency markets are manipulated. The U.S. Dollar is the least ugly out of a whole pack of ugly ducks at the prom. I wouldn't be in any currency right now. I want to be in money. Money is Gold.
Guess what? the U.S dollar is up 4.7% since June 2011... thus the metals must fall... it will not last. Hold your metals and buy when you can. Hey Joe, just before the 1929 crash there was a huge credit expansion. Hint, hint.
(3 days ago) Silver is up 92% since this day last year. Gold is up 41% since this day last year (1 day ago) Silver is up 73.5% since this day last year. Gold is up 35.1% since this day last year. (3 hours ago) Silver is up 47.1% since this day last year. Gold is up 28.2% since this day last year. Buy! Buy! Buy! This is what a dip looks like.
man Joe, I sure hope you're right about the credit contraction.... cause that $250dollar dip in gold cost me thousands of fiat bucks. I wouldnt wanna regret not selling at $1900 4weeks ago when I had the opportunity.......And that gold to silver ratio is so warpped. 53:1
It is just so much fraud happenning in the paper derivative market, that I don't understand why people don't see that there is so illogical to follow the price of real physical from the paper price. If they would know that the quantity of real physical is so small as a grain of rice in comparison to the paper holdings. Buy physical....can't go wrong with that.
I want to but I hold back. Boy do I ever but their logic makes no sense as they trade for living and boast a 40% return yet that's their income on what they do not what they pay out to themselves after the return.
If I count my income into my profits on investing then I have destroyed their rate of return.
Thanks for your video updates. A question for you, why is the ratio between silver and gold suddenly increasing so dramatically? 44:1 to 54:1 in two days or so. Your perspective would be interesting.
I sold out a week and a half ago.. Went on a nice three day trip to the beach. Still have the funds to buy all my silver back. This ain't no two day liquidity trap though. It's much bigger than that.
Oh-- let me recommend, to the rest of you, Bill Still's ("The Money Master") new documentary ( I just watched it), "The Secret of OZ"..and yes you will learn something.
--Van
P.S. I know the "longhaired" silverfuturist has already seen it.
I have been collecting high content silver braze ~56% - 60% about 1Lb per day today I retrieved almost 2Lbs! of it, I know the process to purify it but how can I get it certified?
First week of May all over again. Did you catch that article ( read a couple of days ago) where Eric Sprott sold his silver and some guy was trying to call Sprott Management to see what was up, and kept getting the run around. I did buy some silver today and then it still went down another $2.50 OMG-- I know it will come back but it's painful to watch. I keep telling myself "Keep Stacking"--I'm sure we all will laugh about this, someday.
It will bounce back but will tank again once Euro-zone defaults. The default will spike the dollar again, causing another institutional sell off. That will be the bottom. I'm calling $15.50 bottom after default. I'm calling this bottom at $25.00 with gains back up to $38 before Euro default. Those are my guesses... good luck.
its amazing how many just cant picture $50000 gold and 1000 silver when your buying bread for $500. If you haven't learned anything yet from the turmoil around the world. look to history and yes its going to get worse. So keep that gun oil stocked up as well. May I see you all in a few years. Peace!
I think I just liquidated in my pants from listening to your excuses. You should be paying close attention to the Commodities and the U.S. Dollar Index …in much simpler term, if one goes up the other goes down. Also doing a bit of Macro analysis doesn’t hurt.
NOT manipulation. CREDIT and MONETARY crisis. SLV just little fish. I bought in $15 in '07, suffered thru '08, cashed 1/3 at $45. Held to rest and if I could do again, I'd be all out NOW. I got greedy. This could be worse than '08. Euro banks locking down, China drying up, FED out of bullets and 15 more months of Obummer. Next QE is a joke...if it happens and NO ONE BUYING INFLATION anymore. DEFLATION is the word now and it may always have been. Schilling and Dent may be right on the money.
Absolutely *NOTHING* has changed in the factors driving investors to Gold and Silver. The Federal Reserve said we are heading for recession and made a move that helped Europe by bolstering the dollar. Hedge funds *flocked* to the dollar because they saw upside from the "Twist" and need to sell the highest return positions to buy it - Gold. Some folks may be reaching for liquidity too but this is mostly a Hedge Fund move. Gold and Silver will OVER SHOOT and then surge back.
CHANGE TITLE OF VIDEO TO: "SILVER DOWN OVER $10 IN TWO DAYS". I am long-term bullish on the metals but seriously if you are going to put out videos with titles like "Silver WAY up today" and it's up like $1.00 but when the metal takes a dive you're like "this is why it is going down" and not "SILVER IS DOWN $10!" then obviously you can't call a spade a spade.
I've just bought a book with all the hallmarks since 1300's, a fiver. Worth buying if your buying sterling or no bullion items, also I recommend a small file, if you cant file it you cant test it.
I just bought 5 more silver eagles and 2 more rounds from my Local coin shop. The dealer said this is the most blatant manipulation that he has seen in almost 30 years of business. Keep stacking........
I should have seen this coming. Joe was dropping hints of this possibility in the last several videos, but I didn't really research it. I also just saw this video of Cramer predicting silver to make a big move in september: watch?v=7OS1PEB6zN4&NR=1
Cramer being the ass-clown that he is, it can be assumed that if he says silver is going to make a big move up, then it will probably make a big move down. (Cramer, in a clownilike fashion, says to buy GLD and SLV, by the way.)
If you bought silver back when it was in the mid $40's, considering also price over spot that most people buy and the price they sell at, you'll probably break even in a couple decades.
@spamllpitdept Yea, and Europe and the U.S. have no problems..when things continue to get worse (and they will) all the fools (like you) will rush into the metals at any price..its coming...45 million people on food stamps and growing...45 million people that are broke and have 500 credit scores at best..take those out of the economy and things will get worse..they have to be supported along with ssi recipients and the unemployed. They will drag the us economy off a cliff very soon.
@FXNorm - lol, sure sure ... and there's a silver shortage, and China is buying up all the silver in the world, and the fundamentals show $50/ounce by the end of the year, etc etc etc ... you're gonna have to come to grips that we were all suckered by the hype of silver-profiteers like Mike Maloney. Does the Silver market have some merit? Sure, personally I'd rather go gold. But does it live up to the sheer hype of the silver profiteers? hell NO.
lol just chill man, you're obviously burnt and pissed, so am i. But the fundamentals are in play here, what Maloney is saying is perfectly logical and i understand economics, i did it for 2 years. He predicted this deflationary dip in his latest video too so he mentioned this fall as did many other people.
Read Gary Schilling and think logically about gold and silver's use case ... it is largely over valued at current prices. At least with a house in Florida, you can live there or rent it. Gold?
"Please note that silver is down 10% as I tweet - gold is down 2.62% Silver is more of an industrial play so I am not a fan of silver now" thought, you'd have fun dissecting that nonsense
I appreciate your videos, as a fellow nerd and yoga practitioner. Silver, gold and the other commodities are in a speculative bubble ... they will crash hard as they did in 2008 and they will continue to crash as credit and debt unwinds over the next decade. Don't be fooled.
The USD is backed by the massive US economy. Even if the US were to be cut in half, they would still be twice the size as China or Japan. Gold is valuable only until people think otherwise.
@killerphp ...But they have thought is was valuable, for over 6000 years now. How is that for a long position? And unlike the thousands of dollars I've lost in stocks that have gone to zero, gold and silver will never be worth zero. You can get hurt and lose big but at least you won't lose it all. Maybe it isn't an instrument of investment but it has always been a store of value for the whole of human history. You shouldn't pure your entire savings into to them but it's smart to own some.
"Maybe it isn't an instrument of investment but it has always been a store of value for the whole of human history. "
So has land but sometimes real estate values get out of whack with reality and need to correct ... as they are now in many parts of the world. Yes, gold has always had a value but I would argue that like real estate in 2007, it is now way over valued.
Remember true assets throw off income. If you buy something for capital appreciation only you are playing a ponzi.
@killerphp You are correct. There are many stores of value (diamonds, real-estate, baseball cards and even fiat currencies). The perceived value of any of them does get out of whack and markets *always* over corrects, especially with our current free-floating currency style monetary system.
But gold and silver are unique among all assets because they *are* money. So to your original point, "they have value only until people think they don't"... I say people will always think they have value.
Yes, I agree, gold and silver will always have value as will real estate. All I am saying is that that value will be far less than what it is going for today. Being a business owner and entrepreneur with 20 yrs experience, I can tell you that a true asset is one measure by earning power. I don't for ponzi investments are 100% arbitrary. Companies and real estate values can be measure by their earnings .. gold has none and as such are terribly subject to the emotions of the market.
1. I can tell you that a true asset is one measured by its' earning power.
2. I don't go for ponzi investments, since their values are 100% arbitrary.
3. Companies and real estate values can be measured by their earnings .. gold has none and as such, are terribly subject to the emotions of the market.
@killerphp Virtually none of the companies that were in the original Dow Jones Industrial Average exist today. Bankrupt companies yield nothing. Gold and silver have maintained their value for thousands of years.
@killerphp I'm not sure I agree or maybe "asset" is just the wrong term. Precious metals are money, portable, fungible and virtually indestructible. Depending on circumstances, those attributes can become intensely desirable. Things like war or disaster can render fiat currencies worthless and force people to flee, leaving behind all their other investments- like companies or real-estate. That's the age old motivation to own *some*, even if the price is high or they lose some of their value.
I believe gold and silver will always have value (probably), all I am saying is that nothing should be bought at or near all time highs. Houses will always have value, none the less, to have bought a house in 2007 was crazy. Buying Cabage Path dolls at one time seemed like a good investment ... until people woke up and said: 'these are just dolls.'
Buy low, sell high if you want to gamble. Or buy proven dividend paying stocks if you want to invest.
@killerphp Well, we should not compare dolls to silver - dolls are not money. Nor should we consider precious metals investments. They simply are not. If you've made a boat load on equities, converting *some* of that fiat to gold might be prudent. True, buying high is stupid. But there's the problem, what is high? As the world's debt-based monetary system continues to eat itself alive, $50 silver and $1900 gold might seem like bargains in a year. Buy incrementally to spread the average cost.
"Maybe it isn't an instrument of investment but it has always been a store of value for the whole of human history. "
So has land but sometimes real estate values get out of whack with reality and need to correct ... as they are now in many parts of the world. Yes, gold has always had a value but I would argue that like real estate in 2007, it is now way over valued. Remember true assets throw off income. If you buy something for capital appreciation only you are playing a ponzi.
DO NOT LOAD UP!!! Don't let your emotions get the best of you. Buy *some* today. Buy some more tomorrow and so forth. Nobody knows where the bottom or top is. If you buy in manageable increments, your average cost per ounce will be good.
Gold/Silver Ratio at 54. If anybody still firmly believes it will go back to 15, maybe even 10, then all the more reasons to load up. What we wouldn't knwo for sure is WHEN that ratio would reach those levels, if ever...
It's hard to find silver at these prices $30.35 is not a price dealers want to sell you silver at right now. Some dealers have suspended selling today and others won't sell very much right now. You have to have a long term one year or more investing window with silver. I'm pretty sure these traders will start buying at $29 and that will lift the price back up a little. But a stock market crash will bring it down a lot more if that happens soon... Greece is ready to go down soon.
@TheDonovan68 I have $50K of physical silver. I don't need the money so I will not sell any of it for 2-3years until the silver prices go up. I think by then EU would of worked out their issues and then the US dollar will fall badly. Once the US dollar drops big time and my sliver goes up, I plan to sell my silver and buy rental property. Then collect passive income from the rental. Silver dropping $10 per oz in 2 days does make me feel that I will keep my silver for at least 2 years.
@BabyIYours Plated silver is an extremely thin layer of pure silver. This means it tarnishes easily, usually a purplish or blackish color. Sterling tends to tone but not really blacken. Sterling jewelry and flatware is typically stamped with a monogram of the company made but you'd have to Google it. By far the easiest way to know is to look for the stamped numbers .925, which is the most common ratio of silver to other metals in a sterling alloy. I hope that helps a little.
this is not real. somebody is making a huge profit by manipulating. buying the dips & selling the highs. we too should do that. don't hold on to your stuff.
Silver has fallen 15% today! Whoa! It takes your breath away. But the physical price could as easily go up 15% in a day. If you BELIEVE in metals, this is the buying opportunity of the year.
@ggadguy No one in my area will sell to me today. They're all taking a bath and are holding out. If that starts to happen all over, we might see a huge spike again.
@PHILLYB644924 no, I have $50K of physical silver. I don't need the money so I will not sell any of it for 2-3years until the silver prices go up. I think by then EU would of worked out their issues and then the US dollar will fall badly. Once the US dollar drops big time and my sliver goes up, I plan to sell my silver and buy rental property. Then collect passive income from the rental. Silver dropping $10 per oz in 2 days does make me feel that I will keep my silver for at least 2 years.
@joechien0218 i will use to pay my bills so I dont have to work in my corp job any longer, . When the dollar is worth less and less, that means inflation would also increase which would increase the amount of dollars that I will be collecting in rent. Cause inflation makes rents and everything else go up. I hope you understand that PM will reach a limit and will not go up anymore, at that time you sell your PM and buy other real assets, like RE, in order to collect passive income -
@ownerowner100 When you sell your silver after the "the dollar drops big time," won't you be getting a near worthless currency (the dollar)? Or will you trade it for things? I am confused because everybody says the dollar will collpase, but then what do you do with silver and how do you redeem it's worth?
@4redfin4 i will sell it before the dollar crashes, when silver is at it's highest and then I will buy rental homes with it. It will come down to good timing on my part.
@ownerowner100 So you will sell your silver for the dollar when it is near collapse and then buy property? What if after you've gotten your dollars, it suddenly collapses before you are even able to buy anything ? Isn't it better to just wait for new currency and then sell your silver for it to buy whatever?
@ownerowner100 Do you have physical or paper? If you have physical. don't worry, you haven't lost anything. Paper.....like lindsey williams says: It is worth the paper value that it is written on.
@ggadguy indeed, buying opportunity of the year. trouble on my end is that I bought yesterday after silver fell $4.60 i thought that it was the end of the dip. I was suprised to see it dip another $5.50 more. oh my.
Silver is down today because as Joe said, the hedge funds are dumping their holdings (remember,they are the biggest losers) and JPM does NOT want their silver at this price..JPM is looking for the price that the massive buyers will come in at..they (JPM) will hold the price right above them, not letting them fill their orders. True wholesale has not been reached just yet..when the big players start to come into the market JPM will spike the price away from them..it can't work any other way.
The handle is probably not solid sterling... tear off the silver cover will reveal a hard wood or wax handle... only the forks and spoons are solid silver
Go2thebeach69 1 month ago
there is not enough gold and silver in the world to have them be the currency. How big would your gold "coin" have to be if it was, say a dollar. I agree with this gent, when the contraction comes gold and silver crash (all commodities). That is the time to buy. Did you know in 1933 the govt made it illegal to own gold. They gave u $20/oz for it. In 1934 the repegged and gold was $35. THAT was the great devaluation. The dollar losing 40% overnite.
harizal5 1 month ago
This guy scares me. I would never want to run into him on the street.
thatduderules54 2 months ago
Wow, he goes a LONG way around the barn without mentioning the one word that would have answered the question. MANIPULATION. Simple.
thebirdbath 3 months ago
Silver should take-off soon...at least $100 by next year:
watch?v = 3HE1B1tPWIg
FractalSigns 3 months ago
silver is politically driven, not market driven. look at history, the Hunt brothers tried to corner the market, and the elite drove it down to a few dollars. same with oil. The elite determine what prices are/will be. Silver has already corrected and gains have been taken with present inflation. If or when silver goes to $600, bread will cost $80, you will have done nothing more then hedge/maintain your assets. so don't panic or celebrate when the price goes up or down unless you day trade.
trubornagain 4 months ago
Someone's got a stuttering issue.......
modestoca25 4 months ago
silver 35.29$ is going up in like 30 to 40 days
82816a1 4 months ago
Looks like a heel file. Older ladies get crust on their heel and they use that to shave it off.
freemind321 4 months ago
Because too many Eurotards think the U.S.D is worth more than the paper it's printed on. Having USD when Greece, Ireland, Portugal, Spain, Italy default is going to be just about as good as having Euros. Get Food, Land, Guns, and lastly Metal.
TumisHumis 4 months ago
This has been flagged as spam show
Sit at home and make more money in 15 minutes than most make in a week. Come visit my website, just google Gold Trading Academy to learn more.
123ableTHERollyboy 4 months ago
See my Video “How to Eat Silver” very short but answers the statement “You can’t eat silver.” @ smithfix Channel (YouTube)
smithfix 4 months ago
THAT THING IS A 1800S SEX TOY.
1IIIIIIIIII1 4 months ago
So silver is useless, you can make a nail buffer from it. When most of the Silver is bought up, there will be none left for the emerging population.... SO WHAT. If you want to sell your Silver and no one wants it, what will you do with it? If you buy Molybdenum you can grow food with it, build impressive infrastructure, etc. Think into the future and accumulate a metal when its cheap. Due diligence.
carminecar 5 months ago
Margins cause silver to go down it is all worthless paper & the wall street people are saying silver is used as an industrial metal.
JohnnyBGood11 5 months ago
The difference between silver and the dollar is that silver is intrinsic and it has a price which fluctuates from day to day. The dollar on the other hand is based on nothing but debt. In our case the debt of the nation. When money is created, the Fed prints it in order to satisfy an order from the govt in return for bonds. We (the taxpayer) pay that loan that the fed makes to the govt back with interest. Which means that the dollar in your pocket has interest attached to it.
martyblueyes 5 months ago
For a good laugh type in "Gold Stupidity". Gold is backed by nothing! haha
Ohhhhhhhhhh K
silverstateofmind 5 months ago
Comment removed
silverstateofmind 5 months ago
Comment removed
silverstateofmind 5 months ago
so your not happy that the euro is fell 10 cent to the us dollar now
69fastbacklover 5 months ago
@silverfuturist Not worried about the big sell-off. An oz is an oz is an oz. Hey, I need a yoga pose for strengthening the lower back; specifically around the sacroiliac (SI) joint. Got one?
marboification 5 months ago
In days gone by, when someone was 'taken out to the tool shed or wood shed', that meant they were going to get a beating. How apropos.
tuubydude 5 months ago
You make my day :) My name is Jackie, so when your video started it freaked me out -lol Actually you could refer to me as "Jackie A." Yep, always learn something watching you. I'll be happier when you are back to holding chickens and out of the tool shed--LOL
TheAndervet 5 months ago
@TheAndervet Thanks Jackie! Hope to see more of you on youtube.
silverfuturist 5 months ago
It looks like a correction
Buy
stratcatavarious 5 months ago
why are people on ebay still paying 40-41 dollars an oz for silver, when they can go to reputable dealer and get it much cheaper? makes no sense to me. any insights?
quicksilverxgen 5 months ago
@quicksilverxgen There is an expression "the smart money." What you are seeing is not exactly
"the smart money."
silverfuturist 5 months ago
@quicksilverxgen There may be many reasons for this. In some cites/towns/boondocks one may not have access to reputable dealers. In a huge drop like this many of the local dealers will be sold out of junk silver as many will be snapping it up so the buyer runs to ebay. The funny thing is the ebayer who SELLS junk silver at the current prices often will realize LESS than what they can sell it to a local dealer for (adjusting for ebay fees). Also maybe paypal is safer than CC #s over the net.
silverstateofmind 5 months ago
@quicksilverxgen not every body has a coin shop or a pawn shop close to them, also a lot of people find ebay easy for there paypal transactions. but you are right i do buy from monex, apmex, and local coin shops which give me the market price of the time i order.
STFOURNARIS 5 months ago
@quicksilverxgen Perhaps they only want a little and live far away from any decent bullion dealer. I only like one in my metropolitan area of about a million people. (of three more one has high overhead and the other two seem sleazy to me) In that way Ebay could be being used a bit like Sears or other mail-order companies used to be. Also, people place bids well before auctions end, and then if the price drops before closing, they're committed to paying a high price.
momentinpassing 5 months ago
Hey Mr. Silver. You nailed it good, you warned that something was brewing and gave people a chance to sell off their silver and now buy it back cheaper. Good work!
mrbeanbag 5 months ago
@mrbeanbag Thanks! I didn't make any recommendations, I don't know the timing or range on what is happening, I would prob get the details wrong and lose people money. So I am more general.
silverfuturist 5 months ago
I just ordered a roll of Maple Leaves, $880.30 from Gainsville coins, what a deal!
Ibmxforfree 5 months ago
Argentum et aurum comparenda sunt!
randytate 5 months ago
hi joe i have never been so exited in my life silver is going down it is a great buying oportunity a friend of mine bought $20000 worth of silver 9-10 back in 2008 after the crash .he recently sold at $38 and made a decent return he will buy back when it hits $22-25 so will i because soon we will see silver and gold become the alternate safe haven for wealth the fed is in panic mode mr benanke has finaly broken a sweat
rolficus 5 months ago
Comment removed
jamesarongray 5 months ago
I celebrated the loss and bought 5 ounce America the Beautiful coins
rid29651 5 months ago
One big problem with that argument: IT'S A WORLD MARKET! This sell off is for real, and it's dollar related. What the Fed is doing is going to force deleveraging. Zero rates combined with a highly regulatory environment is not about trying to get them to loan more to people, it's about the exact opposite. This is a very dangerous volatile environment financially and anything can and probably will happen.
rayomans 5 months ago
joe, you're awesome! i love your videos man.
optical76 5 months ago
looks like a heal scraper
optical76 5 months ago
I just bought $2k more in silver.
Two stores refused to sell, and the third was almost out of stock. OUT OF STOCK. I had to buy 10oz bars instead of 1oz rounds because they were almost out! Nuts! And btw, this store usually has TONS of silver. It was packed with people BUYING! Crazy stuff
Mikemaladar 5 months ago
@Mikemaladar Same here, there was no slow in demand. It was hedge funds dumping on the market in order to get snap up cash to ride the uptick in the US Dollar. The only question is, where is the bottom? I was originally calling $25. But if the slide towards it frightens people who can't sit for a year for it to return, it might blow through resistance at $20. Worst/Best (depending if you're a bull or a bear) case scenario is $12. But I'm calling $25.
randytate 5 months ago
You ever ponder this? What if all futures markets have been rigged since the 70s to suppress the price of stuff relative to paper? To hide inflation. Huge corruption to kick the fiat scam down the road? I think Bix Weir has a website with some unique theories on this.I have no idea; but have considered it.
DeadEndFed 5 months ago
@DeadEndFed they demonitized, and essentially made gold/silver not money anymore and instead made paper money because the paper was no longer backed by the physical asset. this means all the richest and wisest people out there bought all that cheap physical and silver. they knew the system would crash and when it did,, they would be the only ones with stock piles of real gold/silver while everyone discovered they were tricked to think paper was money and forgot about owning physical .
alphacodexx 5 months ago
Buying time.
WurledPeas 5 months ago
Thanks, still waiting to meet you for coffee. :)
DJamesLaSalle 5 months ago
I hope silver and gold keep dropping, I want to buy some more.
But it won't go much lower, here is why.
This is classic manipulation to SCARE you away from the dollars rival. They do these dramatic drops to freak people out, commodities seldom move this way in 2-3 days...
If silver and gold go down too far people will be buying it up dirt cheap, they want to drop enough to scare you, but not enough for a bargain buying opportunity.
carter102 5 months ago
Hold your silver and gold. Buy more. We just got a gift courtesy of the Federal Reserve. A discount on gold and silver. Gold at $1,655 and silver at $30.92. Who cares if the U.S. Dollar is up. We all know markets such as currency markets are manipulated. The U.S. Dollar is the least ugly out of a whole pack of ugly ducks at the prom. I wouldn't be in any currency right now. I want to be in money. Money is Gold.
clearasvodka 5 months ago
Guess what? the U.S dollar is up 4.7% since June 2011... thus the metals must fall... it will not last. Hold your metals and buy when you can. Hey Joe, just before the 1929 crash there was a huge credit expansion. Hint, hint.
drac060 5 months ago
This has been flagged as spam show
(3 days ago) Silver is up 92% since this day last year. Gold is up 41% since this day last year (1 day ago) Silver is up 73.5% since this day last year. Gold is up 35.1% since this day last year. (3 hours ago) Silver is up 47.1% since this day last year. Gold is up 28.2% since this day last year. Buy! Buy! Buy! This is what a dip looks like.
drac060 5 months ago
man Joe, I sure hope you're right about the credit contraction.... cause that $250dollar dip in gold cost me thousands of fiat bucks. I wouldnt wanna regret not selling at $1900 4weeks ago when I had the opportunity.......And that gold to silver ratio is so warpped. 53:1
TheAppreciative1 5 months ago
Joe...the item you are holding is a Prussian posterior pleasure probe.
KonaChuck22 5 months ago
Silver Stud (avec les poulets!) We love you man.
JRCrowley 5 months ago
I bought 2 days ago... damn! haha...
patellaman 5 months ago
Just maxed out the credit card with all kinds of silver bullion. My wife is gonna be pissed when she gets the statement.
dougwaste 5 months ago
@dougwaste I hope it was a morgan chase card!!
bastardchildofmary 5 months ago
i got burnt with etfs. wish i bought physical, ouch.
simonty1811 5 months ago
silverfuturist my friend cme margin hikes gold 21% n silver 15% . check it out. monday is prob a buy once again. i mean 30usd is not bad.
L9PoloPa 5 months ago
i will buy more as much as i can thanks for the video
strongarabi 5 months ago
It is just so much fraud happenning in the paper derivative market, that I don't understand why people don't see that there is so illogical to follow the price of real physical from the paper price. If they would know that the quantity of real physical is so small as a grain of rice in comparison to the paper holdings. Buy physical....can't go wrong with that.
SilverRose09 5 months ago
go to ebay uk , their is no dip.
firefox666moll 5 months ago
I have the silver haters taunting me how about you?
davincij15 5 months ago
@davincij15 tell them to fuck off , LIVERPOOL UK.
firefox666moll 5 months ago
@firefox666moll
I want to but I hold back. Boy do I ever but their logic makes no sense as they trade for living and boast a 40% return yet that's their income on what they do not what they pay out to themselves after the return.
If I count my income into my profits on investing then I have destroyed their rate of return.
davincij15 5 months ago
*still holding*
trje246 5 months ago
Thanks for your video updates. A question for you, why is the ratio between silver and gold suddenly increasing so dramatically? 44:1 to 54:1 in two days or so. Your perspective would be interesting.
mygaboo 5 months ago
@mygaboo silver's industrial aspect getting hammered... gold has a much smaller industrial component.
silverfuturist 5 months ago
CME jacked margins...
carter102 5 months ago
Silver is falling because it is.
Don't worry about why.
Worry about how much you can lose and be OK
cosmosgato 5 months ago
"Oh it's buying time again" Sung to the tune of It's Crying Time Again, by Buck Owens.
TheWildbill242 5 months ago
To sum up the entire video in two words: Profit Taking
Junglecat1776 5 months ago
I sold out a week and a half ago.. Went on a nice three day trip to the beach. Still have the funds to buy all my silver back. This ain't no two day liquidity trap though. It's much bigger than that.
YouSayYouWantA 5 months ago
Silver is up 47.1% since this day last year.
Gold is up 28.2% since this day last year.
I wish I had those type of numbers on my other investments.
drac060 5 months ago
Oh-- let me recommend, to the rest of you, Bill Still's ("The Money Master") new documentary ( I just watched it), "The Secret of OZ"..and yes you will learn something.
--Van
P.S. I know the "longhaired" silverfuturist has already seen it.
van1976 5 months ago
I have been collecting high content silver braze ~56% - 60% about 1Lb per day today I retrieved almost 2Lbs! of it, I know the process to purify it but how can I get it certified?
perseverance8 5 months ago
@perseverance8 I think if you took it to a refiner, their end-product should suffice as a certification.
randytate 5 months ago
Reprint of my comment over at Endlessmountain...
First week of May all over again. Did you catch that article ( read a couple of days ago) where Eric Sprott sold his silver and some guy was trying to call Sprott Management to see what was up, and kept getting the run around. I did buy some silver today and then it still went down another $2.50 OMG-- I know it will come back but it's painful to watch. I keep telling myself "Keep Stacking"--I'm sure we all will laugh about this, someday.
--Van
van1976 5 months ago
I panicked! and I bought more silver!
TheSilverAgeHasCome 5 months ago 24
Bravo....very professional and to the point.
Your knowledge of silver and real economics will help gain mounds of respect for you. Sorry but chicken stories should not be mixed with education .
To point out Armstrong called a top in Gold 2-3 weeks ago. That would have been a good prediction to cover.
Keep up the good work
bassa1965 5 months ago
Spamllpdept is right nerd u got taken all that silver hype huh? Futurist I guess u saw this coming huh? You are a loon!
IconMusicGroupInc 5 months ago
Does JackieO make you go dancing? Oh My, what a cute girl can do to a man! LOL
vambo13257 5 months ago
She's really cleaning you up......I don't like it.
Pfsif 5 months ago
It will bounce back but will tank again once Euro-zone defaults. The default will spike the dollar again, causing another institutional sell off. That will be the bottom. I'm calling $15.50 bottom after default. I'm calling this bottom at $25.00 with gains back up to $38 before Euro default. Those are my guesses... good luck.
randytate 5 months ago
I think some lady used that tool on her foot callouses.
binkathy 5 months ago
its amazing how many just cant picture $50000 gold and 1000 silver when your buying bread for $500. If you haven't learned anything yet from the turmoil around the world. look to history and yes its going to get worse. So keep that gun oil stocked up as well. May I see you all in a few years. Peace!
jmtomes2001 5 months ago
This is why its down: youtube.com/watch?v=i63tk7NLZb4
nobodymuch 5 months ago
@nobodymuch Malformed video ID - please try again.
randytate 5 months ago
@nobodymuch i tried the link and it didn't work, can you PM me with a netter one?
johny777smith 5 months ago
@johny777smith Its not a link, you have to paste it in to the address bar.
nobodymuch 5 months ago
Joe would be a brilliant President :)
raspberrybaggio 5 months ago
Why is silver going down?? BEcause silvertard finally found out they can't eat it! lol!!
jk, time to buy the dip :)
Mikemaladar 5 months ago
I think I just liquidated in my pants from listening to your excuses. You should be paying close attention to the Commodities and the U.S. Dollar Index …in much simpler term, if one goes up the other goes down. Also doing a bit of Macro analysis doesn’t hurt.
ProfessorClarkson 5 months ago
NOT manipulation. CREDIT and MONETARY crisis. SLV just little fish. I bought in $15 in '07, suffered thru '08, cashed 1/3 at $45. Held to rest and if I could do again, I'd be all out NOW. I got greedy. This could be worse than '08. Euro banks locking down, China drying up, FED out of bullets and 15 more months of Obummer. Next QE is a joke...if it happens and NO ONE BUYING INFLATION anymore. DEFLATION is the word now and it may always have been. Schilling and Dent may be right on the money.
teller121 5 months ago
Absolutely *NOTHING* has changed in the factors driving investors to Gold and Silver. The Federal Reserve said we are heading for recession and made a move that helped Europe by bolstering the dollar. Hedge funds *flocked* to the dollar because they saw upside from the "Twist" and need to sell the highest return positions to buy it - Gold. Some folks may be reaching for liquidity too but this is mostly a Hedge Fund move. Gold and Silver will OVER SHOOT and then surge back.
randytate 5 months ago
so everyone is selling off and running to US treasuries.... so when the US goes in like Europe.. everyone will be running to metals ??!!!
angie7dino 5 months ago
great research site..... silvercollection.it
pfcwar5150 5 months ago
.silvercollection.it
pfcwar5150 5 months ago
Nice..silver goes down and now my dealer wont sell any!
jsmythib 5 months ago
Down %25 in 48 hours is hilarious... sell it all lol
charlesfuchs 5 months ago
Jackson's Hallmarks: English, Scottish, Irish Silver and Gold Marks from 1300 to the Present Day [Paperback ]£5.05
Oh and loupe to see the hallmarks. £2.
ReverendRodent 5 months ago
I was buying silver this morn and some dude tried to get in front of me. He now has a broken nose. I'm ALL IN on silver.
Meathead36 5 months ago
CHANGE TITLE OF VIDEO TO: "SILVER DOWN OVER $10 IN TWO DAYS". I am long-term bullish on the metals but seriously if you are going to put out videos with titles like "Silver WAY up today" and it's up like $1.00 but when the metal takes a dive you're like "this is why it is going down" and not "SILVER IS DOWN $10!" then obviously you can't call a spade a spade.
nlucctw2 5 months ago
I've just bought a book with all the hallmarks since 1300's, a fiver. Worth buying if your buying sterling or no bullion items, also I recommend a small file, if you cant file it you cant test it.
ReverendRodent 5 months ago
I just bought 5 more silver eagles and 2 more rounds from my Local coin shop. The dealer said this is the most blatant manipulation that he has seen in almost 30 years of business. Keep stacking........
buyred 5 months ago
i just got some buffalos and liberty silver
it's tough to sit tight while being right...let see what happens by year end
headfakez 5 months ago
I should have seen this coming. Joe was dropping hints of this possibility in the last several videos, but I didn't really research it. I also just saw this video of Cramer predicting silver to make a big move in september: watch?v=7OS1PEB6zN4&NR=1
Cramer being the ass-clown that he is, it can be assumed that if he says silver is going to make a big move up, then it will probably make a big move down. (Cramer, in a clownilike fashion, says to buy GLD and SLV, by the way.)
ChristopherMarlowe 5 months ago
Silver is falling 15% today to give poor people like myself chance to buy it cheap.
Alexiscom1 5 months ago
This is the FIRST 5$ day.......
mefluffys 5 months ago
Firesale on silver!
smasila 5 months ago
It's a Silver Pargling Lance
TheHolySpirit 5 months ago
The item you held up was a ladies' pubic hair brush.
hmuller1000 5 months ago
@hmuller1000 Family doctor to woman.."I'm not a gynecologist, but I'll take a look". lol
FXNorm 5 months ago
Selling you the lie is what this move is all about.
It is pure market manipulation caused directly by the Presidents Working Group on the Financial Markets (the hedge funds and major banks).
The purpose is to make people afraid to jump in while there's still time and commit. Psychology comes into play and people will have doubts.
seeking short-term profits will be risky due to the volatility and ministrations by this group. Buy and hold long - THE ONLY SURE PLAY
LP101A 5 months ago
If you bought silver back when it was in the mid $40's, considering also price over spot that most people buy and the price they sell at, you'll probably break even in a couple decades.
spamllpitdept 5 months ago
@spamllpitdept Yea, and Europe and the U.S. have no problems..when things continue to get worse (and they will) all the fools (like you) will rush into the metals at any price..its coming...45 million people on food stamps and growing...45 million people that are broke and have 500 credit scores at best..take those out of the economy and things will get worse..they have to be supported along with ssi recipients and the unemployed. They will drag the us economy off a cliff very soon.
FXNorm 5 months ago
@FXNorm - lol, sure sure ... and there's a silver shortage, and China is buying up all the silver in the world, and the fundamentals show $50/ounce by the end of the year, etc etc etc ... you're gonna have to come to grips that we were all suckered by the hype of silver-profiteers like Mike Maloney. Does the Silver market have some merit? Sure, personally I'd rather go gold. But does it live up to the sheer hype of the silver profiteers? hell NO.
spamllpitdept 5 months ago
@spamllpitdept
lol just chill man, you're obviously burnt and pissed, so am i. But the fundamentals are in play here, what Maloney is saying is perfectly logical and i understand economics, i did it for 2 years. He predicted this deflationary dip in his latest video too so he mentioned this fall as did many other people.
CrazyEurazion 5 months ago
@spamllpitdept EITHER YOUR AN IDIOT, OR YOU WORK FOR BofA !
PHILLYB644924 5 months ago
@silverfuturists,
Read Gary Schilling and think logically about gold and silver's use case ... it is largely over valued at current prices. At least with a house in Florida, you can live there or rent it. Gold?
K
killerphp 5 months ago
@silverfuturist Suze Orman twitter today:
"Please note that silver is down 10% as I tweet - gold is down 2.62% Silver is more of an industrial play so I am not a fan of silver now" thought, you'd have fun dissecting that nonsense
leo00o83 5 months ago
@silverfuturists,
I appreciate your videos, as a fellow nerd and yoga practitioner. Silver, gold and the other commodities are in a speculative bubble ... they will crash hard as they did in 2008 and they will continue to crash as credit and debt unwinds over the next decade. Don't be fooled.
The USD is backed by the massive US economy. Even if the US were to be cut in half, they would still be twice the size as China or Japan. Gold is valuable only until people think otherwise.
Piece
killerphp 5 months ago
@killerphp ...But they have thought is was valuable, for over 6000 years now. How is that for a long position? And unlike the thousands of dollars I've lost in stocks that have gone to zero, gold and silver will never be worth zero. You can get hurt and lose big but at least you won't lose it all. Maybe it isn't an instrument of investment but it has always been a store of value for the whole of human history. You shouldn't pure your entire savings into to them but it's smart to own some.
randytate 5 months ago
@randytate,
"Maybe it isn't an instrument of investment but it has always been a store of value for the whole of human history. "
So has land but sometimes real estate values get out of whack with reality and need to correct ... as they are now in many parts of the world. Yes, gold has always had a value but I would argue that like real estate in 2007, it is now way over valued.
Remember true assets throw off income. If you buy something for capital appreciation only you are playing a ponzi.
killerphp 5 months ago
@killerphp You are correct. There are many stores of value (diamonds, real-estate, baseball cards and even fiat currencies). The perceived value of any of them does get out of whack and markets *always* over corrects, especially with our current free-floating currency style monetary system.
But gold and silver are unique among all assets because they *are* money. So to your original point, "they have value only until people think they don't"... I say people will always think they have value.
randytate 5 months ago
@randytate,
Yes, I agree, gold and silver will always have value as will real estate. All I am saying is that that value will be far less than what it is going for today. Being a business owner and entrepreneur with 20 yrs experience, I can tell you that a true asset is one measure by earning power. I don't for ponzi investments are 100% arbitrary. Companies and real estate values can be measure by their earnings .. gold has none and as such are terribly subject to the emotions of the market.
killerphp 5 months ago
@killerphp,
I mispelled:
1. I can tell you that a true asset is one measured by its' earning power.
2. I don't go for ponzi investments, since their values are 100% arbitrary.
3. Companies and real estate values can be measured by their earnings .. gold has none and as such, are terribly subject to the emotions of the market.
killerphp 5 months ago
@killerphp Virtually none of the companies that were in the original Dow Jones Industrial Average exist today. Bankrupt companies yield nothing. Gold and silver have maintained their value for thousands of years.
AntiRacistRAntiWhite 5 months ago
@killerphp I'm not sure I agree or maybe "asset" is just the wrong term. Precious metals are money, portable, fungible and virtually indestructible. Depending on circumstances, those attributes can become intensely desirable. Things like war or disaster can render fiat currencies worthless and force people to flee, leaving behind all their other investments- like companies or real-estate. That's the age old motivation to own *some*, even if the price is high or they lose some of their value.
randytate 5 months ago
@randytate,
I believe gold and silver will always have value (probably), all I am saying is that nothing should be bought at or near all time highs. Houses will always have value, none the less, to have bought a house in 2007 was crazy. Buying Cabage Path dolls at one time seemed like a good investment ... until people woke up and said: 'these are just dolls.'
Buy low, sell high if you want to gamble. Or buy proven dividend paying stocks if you want to invest.
K
killerphp 5 months ago
@killerphp Well, we should not compare dolls to silver - dolls are not money. Nor should we consider precious metals investments. They simply are not. If you've made a boat load on equities, converting *some* of that fiat to gold might be prudent. True, buying high is stupid. But there's the problem, what is high? As the world's debt-based monetary system continues to eat itself alive, $50 silver and $1900 gold might seem like bargains in a year. Buy incrementally to spread the average cost.
randytate 5 months ago
@randytate,
"Maybe it isn't an instrument of investment but it has always been a store of value for the whole of human history. "
So has land but sometimes real estate values get out of whack with reality and need to correct ... as they are now in many parts of the world. Yes, gold has always had a value but I would argue that like real estate in 2007, it is now way over valued. Remember true assets throw off income. If you buy something for capital appreciation only you are playing a ponzi.
killerphp 5 months ago
You are a SMART MAN !.... If Jackie-O likes it....you better listen ! :)
TheSilverWatch 5 months ago
DO NOT LOAD UP!!! Don't let your emotions get the best of you. Buy *some* today. Buy some more tomorrow and so forth. Nobody knows where the bottom or top is. If you buy in manageable increments, your average cost per ounce will be good.
randytate 5 months ago
this is the third silver channel ive seen 301 views on today
notquite999 5 months ago
Gold/Silver Ratio at 54. If anybody still firmly believes it will go back to 15, maybe even 10, then all the more reasons to load up. What we wouldn't knwo for sure is WHEN that ratio would reach those levels, if ever...
Luiyi385 5 months ago
It's hard to find silver at these prices $30.35 is not a price dealers want to sell you silver at right now. Some dealers have suspended selling today and others won't sell very much right now. You have to have a long term one year or more investing window with silver. I'm pretty sure these traders will start buying at $29 and that will lift the price back up a little. But a stock market crash will bring it down a lot more if that happens soon... Greece is ready to go down soon.
goforitrandy 5 months ago
Silver on the verge of beating historical one day record drop...
Luiyi385 5 months ago
I think we are gonna see big moves up and down in the markets. Look for big swings in equities.
plasticglassonion222 5 months ago
Holy balls! Silver down to $30.25 God I hope it goes down to $25 or lower I'd sell one of my kidneys to load the boat. lol
D33Lux 5 months ago
@D33Lux I predicted $25 earlier this month. That is almost looking bullish at this point.
randytate 5 months ago
This has been flagged as spam show
That's a Victorian era self pleasuring device Joe. Put it down and go wash your hands.
raven8699 5 months ago
Comment removed
raven8699 5 months ago
DO NOT SELL YOUR SILVER!!!!!
TheDonovan68 5 months ago 13
@TheDonovan68 I have $50K of physical silver. I don't need the money so I will not sell any of it for 2-3years until the silver prices go up. I think by then EU would of worked out their issues and then the US dollar will fall badly. Once the US dollar drops big time and my sliver goes up, I plan to sell my silver and buy rental property. Then collect passive income from the rental. Silver dropping $10 per oz in 2 days does make me feel that I will keep my silver for at least 2 years.
ownerowner100 5 months ago
Fast Five predicted it LMAO !
FilteredInc 5 months ago
They are having a sale on gold & silver today. 15% off. One day only. Red tag sale. Don't miss it.
1kings1918 5 months ago
@BabyIYours Plated silver is an extremely thin layer of pure silver. This means it tarnishes easily, usually a purplish or blackish color. Sterling tends to tone but not really blacken. Sterling jewelry and flatware is typically stamped with a monogram of the company made but you'd have to Google it. By far the easiest way to know is to look for the stamped numbers .925, which is the most common ratio of silver to other metals in a sterling alloy. I hope that helps a little.
randytate 5 months ago
endlessmountain maybe planning to jump off one.
nayanmalig 5 months ago
silver is going down!!!! wtffffffffffffffffff
carluspocus 5 months ago
this is not real. somebody is making a huge profit by manipulating. buying the dips & selling the highs. we too should do that. don't hold on to your stuff.
nayanmalig 5 months ago
Silver has fallen 15% today! Whoa! It takes your breath away. But the physical price could as easily go up 15% in a day. If you BELIEVE in metals, this is the buying opportunity of the year.
ggadguy 5 months ago 27
@ggadguy No one in my area will sell to me today. They're all taking a bath and are holding out. If that starts to happen all over, we might see a huge spike again.
randytate 5 months ago
@ggadguy i lost $12,000 in silver in the last two days
ownerowner100 5 months ago
@ownerowner100 Did you sell?
PHILLYB644924 5 months ago
@PHILLYB644924 no, I have $50K of physical silver. I don't need the money so I will not sell any of it for 2-3years until the silver prices go up. I think by then EU would of worked out their issues and then the US dollar will fall badly. Once the US dollar drops big time and my sliver goes up, I plan to sell my silver and buy rental property. Then collect passive income from the rental. Silver dropping $10 per oz in 2 days does make me feel that I will keep my silver for at least 2 years.
ownerowner100 5 months ago 8
@ownerowner100 so what are you going to do with the rental income money presumably in "dollars" that's worth less and less.
joechien0218 5 months ago
@joechien0218 i will use to pay my bills so I dont have to work in my corp job any longer, . When the dollar is worth less and less, that means inflation would also increase which would increase the amount of dollars that I will be collecting in rent. Cause inflation makes rents and everything else go up. I hope you understand that PM will reach a limit and will not go up anymore, at that time you sell your PM and buy other real assets, like RE, in order to collect passive income -
ownerowner100 5 months ago
@ownerowner100 When you sell your silver after the "the dollar drops big time," won't you be getting a near worthless currency (the dollar)? Or will you trade it for things? I am confused because everybody says the dollar will collpase, but then what do you do with silver and how do you redeem it's worth?
4redfin4 4 months ago
@4redfin4 i will sell it before the dollar crashes, when silver is at it's highest and then I will buy rental homes with it. It will come down to good timing on my part.
ownerowner100 4 months ago
@ownerowner100 So you will sell your silver for the dollar when it is near collapse and then buy property? What if after you've gotten your dollars, it suddenly collapses before you are even able to buy anything ? Isn't it better to just wait for new currency and then sell your silver for it to buy whatever?
4redfin4 4 months ago
@ownerowner100 Do you have physical or paper? If you have physical. don't worry, you haven't lost anything. Paper.....like lindsey williams says: It is worth the paper value that it is written on.
SilverRose09 5 months ago
@SilverRose09 I have $50K of physical silver 1 oz coins (maples and eagles) and NO paper anything
ownerowner100 5 months ago
@ggadguy indeed, buying opportunity of the year. trouble on my end is that I bought yesterday after silver fell $4.60 i thought that it was the end of the dip. I was suprised to see it dip another $5.50 more. oh my.
Romulan112 5 months ago
@ggadguy you still cant pick up an oz of physical silver for less than 42 bucks on ebay...
Enemyatthegates1 5 months ago
@ggadguy Nope. Silver will not go up 15% in one day. May be 5%. Silver will only go up 15% or more when it is separated from Paper ETF's.
Crow4gold 5 months ago
I like how you ended, your going to see some Disaster-is things. Your right sit tight its going to be a bumpy ride.
Joe do you think its possible to see a gold backed currency that leaves silver out of the equation?
SelflessEmpire 5 months ago
This has been flagged as spam show
Silver is down today because as Joe said, the hedge funds are dumping their holdings (remember,they are the biggest losers) and JPM does NOT want their silver at this price..JPM is looking for the price that the massive buyers will come in at..they (JPM) will hold the price right above them, not letting them fill their orders. True wholesale has not been reached just yet..when the big players start to come into the market JPM will spike the price away from them..it can't work any other way.
FXNorm 5 months ago
loading the boat today!!!
oellerich007 5 months ago
Isnt just the "paper.silver" affecting the physical silver market so I jump in with the "silver on sale"
sanctiX 5 months ago