Considering he was buying silver around 12 dollars an ounce back in jan of 09.......
Now for the people saying this is a bunch of crap... i guess you are uneducated..... silver is at 24.97 an ounce right now..... so!!! looks like he know what hes talking about infowars dot com
I just googled top ten reasons to buy silver and this video was the top hit. I wasn't a subscriber when you originally produced this vid. Great video. You should do an updated video on this same subject.
Just found a very interesting educational article on silver, check it out (also has a promo code to save money on silver :) futuremoneytrends. com/Silver_Trend. html
Keep buying davinci I have been at this since 1998. Not on smart guy wages though you probably caught up to my level really quickly. Not to worry either because I just got a raise and am going to accelerate my acquisitions in silver. I plan to keep buying for the next 16 months approximately. You are right. This stuff is going to make us really wealthy and I'll see you on the vacation circuit.
The one & the only way that the average voter has ever been able to save anything for their retirement is through the stealthy increase in equity in their homes.
They buy them at age 30 and pay them off over 30 years
Then retire without house payments
A home is a building & a savings and storage of wealth. And far better than gold.
If gold is a good place to store wealth then it does not make any difference if the price is high or low. Buildings parallel inflation
6000 years of history says different and like gold has done many times home prices where bid up to insane valuations and if you did not sell when it made no sense that your home you purchased for 120k 20 years ago was selling for 1.5 million in Arizona.
Also a home has few issues as a wealth storage device.
1. It's not divisible you can't just spend $1000 of you home with out debt.
2. It needs to be maintained thus it cost money for up keep.
I don't know why you keep coming back here you are a free individual how as made up his mind what is a real wealth storage device and it differs from mine.
That's fine, one of us is right now lets let reality decide the victor.
@anyname666 yea housings is way better than gold....I mean by the time your 30 years worth of payments is up you could have bought 3 of the same houses because of interest at today's rates....not to mention all the upgrades throughout the keeps to keep it from being a bottomless moneypit. Wow your a financial wizard!! Not knocking homes I have one. but a home is a home, its to live in. It shouldn't be your 401k
When you buy a house you pay it off slowly over 30 years & if u r not so stupid as to pull cash out of the house then in 30 years you have a retirement. It is the only stealthy way the average jerk can save any money for his retirement. Obviously you will be burden when you are older and guys like me will have to support your ass.
@anyname666 Just because i basically said that i save my money and not use my house as a piggy bank or 401k that makes me the idiot? get real man. Your probably some jerk off living in his moms basement anyway
There is a difference between profit and a wealth storage device. I plan to use gold and silver as wealth storage device for the rest of my life. However if it gets over way over priced because the fools wake up I will sell it and buy it back again when it's lower.
Just today rent is due him in the amount of $8,000 & this goes on every month. Your gold may or may not be up $8,000 tomorrow when it trades again
10 years from now he will have collected another 120 months of rent which in todays dollars will be worth $960,000. You Gold will produce no income but may possibly be up to match the increase in equity & rent collected. I do not have crystal balls but I do know that the rent is a given. Real Estate is at a low & the price will go up in 10
First let me say that you really have a grip on economics in general and I am sure you are a student of Adam Smith.
I can see that you are not touting the storage of wealth but the creation of wealth through trading the metal which of course necessitates storage for a while.
Just a comment on gold being up 10% by next year..
HOLY MOLY ~~ain`t it down 10% just since last month. That means if it is up 10% by next year it will just be even with where it was last month.
Your focused on 1 month when I would have told no on to buy at 1200 at the same time if your wealth is stored in dollars over 10 years has been cut in half!
Now wait just a minute! Gold, silver, and paper (money), are not things that people can live on. Not one is better than the other. The real valuable in this world is food! It is the only material in the world that people can survive with. At the end of the day, you might be able to make some pretty stuff out of silver and gold, but none will preserve your life. Food is the one true valuable, period.
Since men started trading we produced goods that someone else wants or needed. Unfortunately the needs and wants change or is selective thus an individual that produces tires needs a TOOL that stores wealth and everyone can use. That tool can be anything the free market wants it to be salt, food, paper or gold. However like all tools we select freely some work better than others.
For 6000 years men have tried different tools as money and gold and silver was always the winner.
Now the reason gold and sliver always won out as money was for several reasons. You did not need it to eat, no one could accuse you of hording food and starving people.
It did not go bad.
It was easy to detect.
And finally the KEY issue was no one including government could counterfeit gold and silver.
No one, including me can force you to use any tool as a storage of wealth that can be counterfeited except government, and they use the ability to create free money until it becomes worthless.
This is not my opinion it's reality! And in reality if the government convinced people to take small amounts of arsenic to improve health. Reality is people will die.
The government has convinced you via free schools that paper money stores wealth. Reality is people will lose wealth.
Again we do not need to argue it's your choice, reality will be our final arbiter.
It took me 3 months of reading books and history to understand it, and when I did, I started to see the world differently.
Thanks but I am not advocating a gold or silver standard. As humans we make mistakes thus we could never be ruled by a dictatorship because men make mistakes only perfect men could be ruled by a dictatorship because it would not mater they are perfect.
There for no law should exist stating what is money only the free market where individuals chose there wealth storage device. In this day and age anything even food can be used as a wealth storage device called money.
You must have sensitive crystal balls that tell you when to buy and when to sell
Did you sell at the beginning of Dec. 4 weeks ago?? Cuz now it is down $120 in just 30 days. Wow! did inflation drop that much in 30 days??
Silver is down 14% in 30 years. YIKES how much longer do we have to wait to get a profitable price on silver. Every time you sell at a high somebody buys at that high. Every time you buy at a low somebody must sell. SO 50% win and 50 % loose. Kind`a like flipping coins eh!
So you don't really believe that Gold and Silver are a hedge against inflation
You are in it for the buy and sell and capital gain portion of metals.
The volatility of the metals. You admit then that gold is up and down all the time and has a top and a bottom/ You say you have sold at the top. So you own no gold today??
After all it is down $120 in the past 4 weeks. Are you buying today or gonna wait until Monday?? Risky risky risky
I don't trade in and out of gold and silver but when everyone and his dog is buying it, I think it's over valued I will get out.
I only buy on the dips from the dips that sell. :) lol
Like now I purchased 2 oz of gold 150 of silver, it may dip down to 1060 and 16 but you never know where the bottom is but I KNOW this time next year I will be up 10% to 30% conservatively if the dollar holds.
There is a graph in the Jan 2009 edition of National Geographic in an article about gold.
It shows Gold vs. inflation from the year 1717 to the present.
Gold has lost against inflation the entire time until 1980 when it just rose up over the 1717 level for a few days. You can find the article on line but not the graph
You have get the actual magazine to see the graph. Dont know why National Geographic would have anything to lie about. So it is probably true.
FYI gold was invented before 1717 and Isaac Newton put The British government back on a gold standard because of high inflation. Thus Gold prices dropped from their nutty highs thus never returned to insane evaluations.
gold has gained against inflation over the last 10, 20, 40, 100, 200, 2000 or 6000 years. So it all about starting points DUDE.
My actual starting point was 3 years ago at $700, it was in a bubble then as well. So when will you have a starting point 2000, 3000 4000 or maybe 5000? If so, FYI you paid to much.
We don't have to argue just short gold and silver reality will be our final arbiter. :)
Ok i get what you are saying but think of this, if I'm rich and I have investors saying gold is going to shoot through the roof in ten years well i would take all of my liquid assets and buy gold and just get a loan for bank notes to live off of for the next ten years according to your logic right. no disrespect im just trying to see where you a coming from
hey davincij15 im completely new to investing in stocks/etfs/commodities/whatever.. like really new, im just researching all this because im a believer of guys like ron paul and peter schiff etc and they're all saying gold and silver is going to EXPLODE.
so just to get my head around this... (just an example) if i went and bought $100 worth of silver and then the price of silver went up 100% i could sell it for $200? im talking Australian $ btw.. if that makes a difference...
Their is currently $60 trillion of paper money if all converted to USD.
$5 trillion of gold and less than $15 billion of "deliverable" silver.
Once people understand that paper money can be created and given to the wealthy while you work hard for it. They will pile into gold and silver.
This will occur over time but it will happen. I will never give up my gold and silver except to spend or invest in a company that pays a divided more than inflation and capital gains tax.
Think of it like Danici said man. Paper money is only created from debt. Without debt there is no paper money. For the money to be printed in the first place there had to be a loan and thus debt for that money to be made. With precious metals there has to be industry and work for that metal to reach your hand. It is a healthier form of currency from the moment the process is begun. The best bet to invest your moneyt atm is to avoid anything relating to US dollars and start buying hard assets.
While antiques and art will always carry a premium over common goods they are not considered assets. I am very conservative on what I consider a asset, and that is what I can physically use as a medium of trade. Land is nice but I would avoid anything commercial now and housing hasnt fallen like it should of to be investment worthy.
No I am not brilliant, I just repeated what other brilliant people have said over the past 6000 years.
No one should say the wheel is useless relic of the past and we need square wheels. Yet some how we were duped into thinking paper is money and gold is a relic. I look at paper dollars with my young children and wonder why would you want paper over something like gold or silver?
It's amazing we go to the store and get something real with a paper that has numbers on it.
I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.
95% of the world population believe wealth can be found in a piece of paper or a account statement. It's like the world has lost it's mind and we are under mass hypnosis.
There will be a day when we look back and think man those people where dumb for thinking the world was flat - i mean paper is money.
Any help you can provide me with waking up people to this fact sooner than later will be a great service to man kind.
Yes I will do another one like it because there were days when I was not sure I was doing the right thing then I remind myself of the problems with the fiat system.
get a safe you can bolt (from the inside of the safe as well as the out) into the floor of your foundation at home. $600 cut a whole in the bottom of an old frig and pit it over.
I need to get my hands on some more silver before it starts shooting up.
you should check out metalsleasingdotcom on why silver WILL shoot up on spot price. There's no way around it, I believe Silver will be much more profitable than Gold, although Gold will go up in price, the ratio between Gold and Silver price p/oz will close up that huge gap there is today, something around 77:1. Wait until it reaches the standard ratio, something like 20:1 to sell your Silver ;)
Thank you brother for the advice. By the way Rome used to try passing off gold coins that were mixed with copper, the weight of the coins were devalued regardless.
I called CMI a few days ago to see if I could get some silver coins. The broker told me that the minimum order for silver coins was 300 ounces, but it was soon going to be at least 500 ounces an order.
Do you have any 1 ounce gold bars? I just bought one and it's in the mail. I'm not really sure how big it actually looks since the pictures are always on a solid background. I'm going to put a large chunk of my FOREX profits into gold from now on.
I personally feel great! Ordered another 1500 oz of silver and ordering 5000 more in a couple of weeks when I feel they got some supply in stock. Also I'm heavily invested in oil stocks in Canada. Almost completely out of US dollar backed assets.
And of course no big money numbers show up on their banking accounts, this helps to keep taxes down. It is not in the system, so no government can rob you (because of arbitrarily taxing that can change from one period to the other).
i heard a story that many workers in Dubai get paied in gold jewelry in the past (maybe still so).
Because they come from poor countries, and when they go home they don't have to pay taxes: because it is personal jewelry, they can pass the customs. And other reason is that in their own country their currency is probably not great. They don't want everything in their own currency (thus also they dont want losses in changing one currency into the other).
AirelonTrading if your not going to invest in hard assets and your only trading in paper why are you even on this site. Your wasting your time and more importantly our time. Just don't come back here for advice when your dollar denominated assets tank.
Thanks, Dan I a hard person to understand. He is arrogant, self richeous and confident person. But despite all that he is a good guy. He means well even though his words rub most of us the wrong way.
He is a day trader and like most traders he will be in the right trade when the time comes, or like most scams it will end with him having absolutely nothing.
This is why you need physical assets. The risk the market closes and never opens is growing day by day.
1) An investor (much different than a trader. Much different). In my investing pursuits, I share in the profits of a company, when that company generates profits.
2) I'm also a trader, but I'm a swing trader, not a day trader. To non traders, that may seem like semantics, but it's really not. We're really quite different.
3) In addition to that, I have too many hobbies that relate to my financial pursuits ...
The only advice necessary is buy silver. Everything else is just conversation of the useless nature. Wealth preservation is the long term goal. Profit will be just a bonus. That is the point of silver which has been a recognized means of money for over 6000 years.
I do tend to get a little angry when someone else on this text (not you) took a comment, copy and pasted it from another site, and then claimed to be an economist working on their doctorate.
That sort of dishonesty is what I fight, and I do tend to get a little passionate about. I term it "righteous indignation". Especially when some present something as an economic fact, when it is a debated topic, not a fact.
such as economics (all schools, though I don't tie myself to any line of thought, therefore, I am not beholden to any one idea. Neutrality has a wonderful gift of bringing clarity and truth), linguistics (I'm a student of textual criticism and I study 13 languages, while I speak 3), and Traveling to different countries (nothing assists you to understand an area and business opportunity, like facts on the ground, and speaking the language and culture of the people there)
1) I have hard assets. I have silver. I have gold. And currencies (both USD and foreign)
2) I have paper assets that compound their returns when the companies I invest with generate profits - which can only be done when something real is produced. When natural resources and labor PRODUCES an item (Investing)
3) I sometimes trade price difference (swing trading)
Hopefully more and more people will buy gold and silver.
Just also for the sake to send a message to the politicians and banks. Maybe finally some banker or politician will talk about gold and silver! I hear them only talking about euros!
The withdrawal of savings acount money and buying the metals will make the message clear. We don't want to be fooled again by those bankers and politicians.
Jim Rogers left the US and moved to Asia with his daughters. He and most big smart money investors feels US will not recover this century and the much like the Sterling when it lost world reserve currency status the US dollar will lose 90% of its value. He most big time investors have liquidated all US dollar backed assets.
Stop listening to Keynesian economists. Their ponsi scheme economy is coming to an end. The world has caught on the scam.
Gold is an inactive metal, and was used for coins because it is rare and does not react with the environment. It has value because the Federal Reserve, and Very wealthy people think it has value. Silver as a fundamental element is the King of metals. Gold is precious because it is expensive.
Nasa uses more silver in its applications, It is the Most electrically conductive element, not just metal, period. Lowest resistance, and second only to diamonds in thermal conductivity.
The reason there was no massive shortage of investment silver in 1999 and there was in 2008 was because in 1999 the bullion dealers KNEW when the demand for silver was going to increase. In 2008 Sept 15, 2008 was a surprise, there was no indication that people would suddenly start buying silver bullion en mass. Buy silver as you can, on the dips in price, and hold.
I am not advocating buying gold, just pointing out that silver is more plentiful. I am buying Silver not gold. Silver can be used in many things from Nuclear Reactors, Jets, Medicine, and a host of other items. Silver is the most thermally and electrically conductive metal. More so than gold.
Don't expect the price to jump soon, buy what you can afford to sit on for at least 5 years.
There is not less silver above ground than gold, please clarify. There is more investment bullion of gold than silver TRUE. There is more physical silver in the form of Sterling than gold above ground PERIOD. How many gold tea sets or silverware have you seen?
Go to Ebay search for silver or gold ounces there is a LOT MORE silver for sale at least 5000 ounces per day of silver are sold.
Yeah! Post the link to the SEC letter about the naked silver sales to investors man that is proof positive that there are a lot of people who "think" they are invested in silver but actually they own nothing.
sometimes one sees a sudden steep drop in the goldprice, for example from 880 to 565.
What does that mean? I think that a big player sells a lot of gold. Could that be true?
And if so, could this mean a big player sells a big part of the gold at high price, and then somewhat later he could buy the same gold back at a lower price? So that could be some kind of manipulation?
Now i heard the M1 multiplier of the US is below 1. And the comment said that it means that whatever how much money extra is printed, the total value of that money is worth less than before printing. That means inflation.
dojufitz - it's because the Comex is only the marketplace. It's not the seller of the silver. Not only are stocks of silver leaving, many who are discussing the Comex Silver "default" fail to take into account the stocks of silver that are going INTO the Comex. They're only looking at one side of the column. Fact is however, stocks of silver are moved around, near delivery date, and stocks go in and come out. Final # 's are usually settled a bit after delivery, and all the cash has been paid
I believe that silver will begin its massive price increase NOT in February but in April. Check out the lease rates. I think the rates will gradually, at an inconsistent rate, increase in a few weeks-resulting in a spike in April. So...Along with other things, in April is when the default will happen!
davincij15 your analysis is correct. The time frame might be in question but your analysis is very accurate. These other comments from the others shows the ignorance of market system.
Of course prices will fall to the floor for paper assets of gold, silver etc. So your article means nothing because physical prices will go to the moon. Paper market prices are an illusion. Just like when we first got off the gold standard we will have to different market prices for paper and physical.
JP Morgan's forecast of the commodity index rebalancing ...we expect the rebalancing to have the greatest impact in gold, COMEX copper, crude oil, gold, and live cattle. We estimate that the rebalancing of the two indices is expected to result in $877 million of selling in gold, $699 million of buying in COMEX copper, $528 million of selling in live cattle, and $523 million of buying in crude oil.
Unfortunatly I belive that what we are doing here is discussing financial ideas that held true for our old economic system, The problem being the WHOLE way the old system worked is not going to be anything like we have now once they've finished with this economic implosion we are going to be pushed into a compleatly different system, I belive that ,just like they did in the deppresion ,ALL presious* metals will be called in by the Fed. I really appreciate your uploads,But what do you...CONTINUED
I personally think all this fancy activity with paper trading exchanges of silver and gold and derivatives are just another way of loosing money and getting brainwashed into thinking that holding some piece of paper is real money. If you don't have gold or silver actually in your hands it is an illusion of the market and it can disappear in an instant.
If I buy a 1,000 oz bar of silver, is it a good idea to keep it in the back ($4/month fee) & then once the premiums for American Silver Eagles drops to a lower level, buy them by converting the 1,000 oz bar. Monex provides this ability for someone to do this...is this safe?. Will the premiums come down? Has the 2009 minting of silver 1oz rounds been release across the board of minters around the world? What is the downside of doing this? Thx
I meant to say the word "Bank" in the first sentence of this post...what I'm asking is: is it safe & smart to buy 1,000 oz bars while their premiums are relatively low & wait for the 1oz rounds premiums to drop & then convert it to 1,000 silver rounds & then take possession? Will the drop occur or are we at such a scarcity level of these, that the primeums will be maintained into the foreseeable future?
Having someone hold your gold and silver is a bad idea.
Yes the premiums are the cost of making the product. Do you thing labor costs will go up for a product that's in demand? Also look at the history of premiums of gold coins it's has been more than the cost of silver is today for years now!
The premium for silver coins in the future will be more than what you paid for them in the first place.
I used to invest with monex. I believe they are as fraudulent as the comex. They do not have allocated silver, meaning that they are selling you silver that they do not have and charging you monthly fees for holding it. They won't admit this of course, but if you talk to an agent, he will tell you that they don't have a specific bar with a serial number for you, but there is an unallocated bar in there storage. As long as no one asks for delivery they will get away with it. Buy physical.
I cant believe your still explain this. I cant believe that people don't get it already. It's not hard people. It still amazes me that people are arguing against buying gold or silver.
Please understand wizkid2000, our whole life we have been bamboozled into thinking paper is money. It's hard to see anything else to be true especially when the banks have suppressed the price of silver and gold, to fool the average person to thinking riches can be found in dollars.
You're trying to compare what was ALWAYS a third world country to the largest GDP in the world?
Comments such as are found here? Are the result of "popularizing" economics. People watch "Money as Debt" or "Zeitgeist" and suddenly think they have an economic education, and have so LITTLE concepts as to the Lucas Critique, models using comparitive statistics, NCM rational utility-maximising systems, etc.
What's funny? Is that people who are buying physical silver and hard assets? Are proving NCM models to be correct, while at the same time? They rail against those very same models.
Why? Because they have NO UNDERSTANDING OF ECONOMICS. This is the very 'proof' of the Lucas Critique.
I can't speak for anyone else, but I'm buying physical silver for 3 reasons:
1)The law of supply and demand, I believe that falls into the economics category.
2)I believe silver is highly undervalued, at its current level 8 gallons of water = 1 ounce of silver. I will trade anyone anywhere eight gallons of water for an ounce of silver.
3)At some point, the US will default on its debt, because I live in the US, I want to own something besides dollars.
This is not an argument. If lets say there is 5 times more gold than silver 5 to 1 ratio. That is good news for silver that mean in the future the price could be 5 to 1 relative to gold.
If gold is $2000.00 oz imagine what silver will be !!!
Actually within the next 9-25 years silver will be more expensive than gold. Silver is a finite material, it is being consumed, when it is actually more rare than gold, the price will be higher.
$50 SILVER!!!!!!!
KeshaIsHot808 10 months ago
Prophetic
silver nearing $42 today !
Luiyi385 10 months ago
Considering he was buying silver around 12 dollars an ounce back in jan of 09.......
Now for the people saying this is a bunch of crap... i guess you are uneducated..... silver is at 24.97 an ounce right now..... so!!! looks like he know what hes talking about infowars dot com
finalturismo 1 year ago
I just googled top ten reasons to buy silver and this video was the top hit. I wasn't a subscriber when you originally produced this vid. Great video. You should do an updated video on this same subject.
ILovelisanova 1 year ago
@ILovelisanova
Thanks I may just do that.
davincij15 1 year ago
Just found a very interesting educational article on silver, check it out (also has a promo code to save money on silver :) futuremoneytrends. com/Silver_Trend. html
unreallogic 1 year ago
This is the biggest load of bullshit i have ever heard
jase619sukz 1 year ago
@jase619sukz
Then let's let reality be our judge jury and financial executioner.
davincij15 1 year ago 5
@davincij15 I will second that.
RockyMountainPrepper 2 months ago
Really? And where are your arguments? You just say it's bullshit without giving ANY sources to your claim. You are a moron.
kiasta 1 year ago
@jase619sukz invest in silver and gold and when the price goes up you can sell them and get more than what you paid for them
JohnDeere30201 11 months ago
@jase619sukz ROFL.....
RockyMountainPrepper 2 months ago
i thought you meant pokemon gold or silver :D
DaPuff108 1 year ago
@DaPuff108 lol
JohnDeere30201 11 months ago
Keep buying davinci I have been at this since 1998. Not on smart guy wages though you probably caught up to my level really quickly. Not to worry either because I just got a raise and am going to accelerate my acquisitions in silver. I plan to keep buying for the next 16 months approximately. You are right. This stuff is going to make us really wealthy and I'll see you on the vacation circuit.
drewzillasaurusrex 1 year ago
@drewzillasaurusrex
I like my job. :)
davincij15 1 year ago
interesting point man, its scary but true.......thanks
deshisabbir 1 year ago
This has been flagged as spam show
Very good video!
asianmetalhead07 2 years ago
`Yeah I sell when people like you disappear and all my friends and family start coming to me for advice.`
`However if it gets over way over priced because the fools wake up I will sell it and buy it back again when it's lower.`
Do you think the Dec 2nd price of $1,212 was over priced??
Do you think those guys who sold then are happy
how about the poor guys they sold to?? some one has to buy when someone sells.
50% are happy and 50% are sad.
good luck with your gambeling
anyname666 2 years ago
These things did not happen yet:
Gold gold or silver double in a year!
People saying gold only goes up (like they did with houses).
You are still here bugging me that gold sucks.
When you disappear it's one of the signs of a mania. When all of the signs show up, that's when I will trade out of it.
Right now I wait watch it get bid up 20% and keep my powder dry to buy on the dips from the dips that sell.
BTW I don't trade, I tried it once and I don't like it.
davincij15 2 years ago
Well just for the record
The one & the only way that the average voter has ever been able to save anything for their retirement is through the stealthy increase in equity in their homes.
They buy them at age 30 and pay them off over 30 years
Then retire without house payments
A home is a building & a savings and storage of wealth. And far better than gold.
If gold is a good place to store wealth then it does not make any difference if the price is high or low. Buildings parallel inflation
anyname666 2 years ago
6000 years of history says different and like gold has done many times home prices where bid up to insane valuations and if you did not sell when it made no sense that your home you purchased for 120k 20 years ago was selling for 1.5 million in Arizona.
Also a home has few issues as a wealth storage device.
1. It's not divisible you can't just spend $1000 of you home with out debt.
2. It needs to be maintained thus it cost money for up keep.
3. You are taxed yearly for owning property.
davincij15 2 years ago
I don't know why you keep coming back here you are a free individual how as made up his mind what is a real wealth storage device and it differs from mine.
That's fine, one of us is right now lets let reality decide the victor.
Cheers.
davincij15 2 years ago
@anyname666 yea housings is way better than gold....I mean by the time your 30 years worth of payments is up you could have bought 3 of the same houses because of interest at today's rates....not to mention all the upgrades throughout the keeps to keep it from being a bottomless moneypit. Wow your a financial wizard!! Not knocking homes I have one. but a home is a home, its to live in. It shouldn't be your 401k
Johnnybluejohn 1 year ago
@Johnnybluejohn
Johnny blue John where did you get your egeimication???
Because of todays interest rates you said as if they were high.
Todays interest rates are the lowest they have ever been in the history of America.! ! !
Man oh man are you stupid.
anyname666 1 year ago
@anyname666 yea i know im giving you the benefit of the doubt
Johnnybluejohn 1 year ago
U C Johnny blue John? !?
You never really will get it.
You have that Lotto Mentality
Gimme gimme gimme and gimme right now
When you buy a house you pay it off slowly over 30 years & if u r not so stupid as to pull cash out of the house then in 30 years you have a retirement. It is the only stealthy way the average jerk can save any money for his retirement. Obviously you will be burden when you are older and guys like me will have to support your ass.
anyname666 1 year ago
@anyname666 Just because i basically said that i save my money and not use my house as a piggy bank or 401k that makes me the idiot? get real man. Your probably some jerk off living in his moms basement anyway
Johnnybluejohn 1 year ago
SO here it is
TWA was a great company and a great stock
Pan Am was a great air lines and a great stock to own
Western Air Lines was also
They are all bankrupt today and the stock worthless
BUT the buildings they occupied before they went BK are still being rented by the landlords.
Stocks, bonds, metals, commodities are all a gamble. Even over the long run (see TWA)
Rentals are steady, parallel inflation, and represent the GOOSE THAT LAID THE GOLDEN EGG.
anyname666 2 years ago
There is a difference between profit and a wealth storage device. I plan to use gold and silver as wealth storage device for the rest of my life. However if it gets over way over priced because the fools wake up I will sell it and buy it back again when it's lower.
davincij15 2 years ago
Further
Just today rent is due him in the amount of $8,000 & this goes on every month. Your gold may or may not be up $8,000 tomorrow when it trades again
10 years from now he will have collected another 120 months of rent which in todays dollars will be worth $960,000. You Gold will produce no income but may possibly be up to match the increase in equity & rent collected. I do not have crystal balls but I do know that the rent is a given. Real Estate is at a low & the price will go up in 10
anyname666 2 years ago
Well then lets just go back 10 years
Gold closed at $290
You take $389,000 & buy as much gold as you can get your hands on
U end up with 1340 oz of gold
A Friend of mine (true story) bought a run down 10 unit apartment for $289,000 he spent $100,000 to rehab the building
The building went up to be worth $1,300,000 but is now down to about $800,000
120 months of Rent collected in todays dollars = $960,000
Rent + equity = $1,760,000
Your gold today worth $1,468,000
Difference is $300,000
anyname666 2 years ago
There is a difference between capital for production and capital for savings. A building is a capital for production not savings.
davincij15 2 years ago
Lets do this you and me.
Let`s pretend you and I each have $600,000
You buy Gold @ 1096 and I buy an 8 unit apartment building for $590,000
To start you pay 6% commission and end up with only $564,000 in gold.
I pay no commission on the buy with only a few dollars in fees pd out.
Next year gold is up 1/2 of your estimate $15%
Your 515 oz gold now worth $648,600 U sell & net $609,684
U net less than 2%
I get 1% each month in rents X 12 = $70,800 less expenses call it 50K
clockwork
anyname666 2 years ago
Hi Mr. Wall, try doing the math using prices 10 years ago or the same math with the price 1096 today 1 year from now.
Ether way an individual would be better off saving in gold then in dollars, bonds or stocks.
davincij15 2 years ago
First let me say that you really have a grip on economics in general and I am sure you are a student of Adam Smith.
I can see that you are not touting the storage of wealth but the creation of wealth through trading the metal which of course necessitates storage for a while.
Just a comment on gold being up 10% by next year..
HOLY MOLY ~~ain`t it down 10% just since last month. That means if it is up 10% by next year it will just be even with where it was last month.
Scary place 4 welath
anyname666 2 years ago
Your focused on 1 month when I would have told no on to buy at 1200 at the same time if your wealth is stored in dollars over 10 years has been cut in half!
Does that not startle you?
I can see I am talking to a wall.
davincij15 2 years ago
Now wait just a minute! Gold, silver, and paper (money), are not things that people can live on. Not one is better than the other. The real valuable in this world is food! It is the only material in the world that people can survive with. At the end of the day, you might be able to make some pretty stuff out of silver and gold, but none will preserve your life. Food is the one true valuable, period.
beforeyouwrite 2 years ago
Now you are taking sense for once since you started commenting.
You are 100% correct paper currency or gold is not needed for anything important to sustain life.
Now pay attention you are about to learn something very important and it may seem like I stating the obvious but bare with me to the end.
Look for my next comment...
davincij15 2 years ago
Since men started trading we produced goods that someone else wants or needed. Unfortunately the needs and wants change or is selective thus an individual that produces tires needs a TOOL that stores wealth and everyone can use. That tool can be anything the free market wants it to be salt, food, paper or gold. However like all tools we select freely some work better than others.
For 6000 years men have tried different tools as money and gold and silver was always the winner.
Continued...
davincij15 2 years ago
Now the reason gold and sliver always won out as money was for several reasons. You did not need it to eat, no one could accuse you of hording food and starving people.
It did not go bad.
It was easy to detect.
And finally the KEY issue was no one including government could counterfeit gold and silver.
No one, including me can force you to use any tool as a storage of wealth that can be counterfeited except government, and they use the ability to create free money until it becomes worthless.
davincij15 2 years ago
This is not my opinion it's reality! And in reality if the government convinced people to take small amounts of arsenic to improve health. Reality is people will die.
The government has convinced you via free schools that paper money stores wealth. Reality is people will lose wealth.
Again we do not need to argue it's your choice, reality will be our final arbiter.
It took me 3 months of reading books and history to understand it, and when I did, I started to see the world differently.
davincij15 2 years ago
Well done, you've put several dents in my "food-standard" theory.
beforeyouwrite 2 years ago
Thanks but I am not advocating a gold or silver standard. As humans we make mistakes thus we could never be ruled by a dictatorship because men make mistakes only perfect men could be ruled by a dictatorship because it would not mater they are perfect.
There for no law should exist stating what is money only the free market where individuals chose there wealth storage device. In this day and age anything even food can be used as a wealth storage device called money.
The only problem is Taxes.
davincij15 2 years ago
You must have sensitive crystal balls that tell you when to buy and when to sell
Did you sell at the beginning of Dec. 4 weeks ago?? Cuz now it is down $120 in just 30 days. Wow! did inflation drop that much in 30 days??
Silver is down 14% in 30 years. YIKES how much longer do we have to wait to get a profitable price on silver. Every time you sell at a high somebody buys at that high. Every time you buy at a low somebody must sell. SO 50% win and 50 % loose. Kind`a like flipping coins eh!
anyname666 2 years ago
Yeah I sell when people like you disappear and all my friends and family start coming to me for advice.
That's the top.
davincij15 2 years ago
So you don't really believe that Gold and Silver are a hedge against inflation
You are in it for the buy and sell and capital gain portion of metals.
The volatility of the metals. You admit then that gold is up and down all the time and has a top and a bottom/ You say you have sold at the top. So you own no gold today??
After all it is down $120 in the past 4 weeks. Are you buying today or gonna wait until Monday?? Risky risky risky
anyname666 2 years ago
I don't trade in and out of gold and silver but when everyone and his dog is buying it, I think it's over valued I will get out.
I only buy on the dips from the dips that sell. :) lol
Like now I purchased 2 oz of gold 150 of silver, it may dip down to 1060 and 16 but you never know where the bottom is but I KNOW this time next year I will be up 10% to 30% conservatively if the dollar holds.
davincij15 2 years ago
There is a graph in the Jan 2009 edition of National Geographic in an article about gold.
It shows Gold vs. inflation from the year 1717 to the present.
Gold has lost against inflation the entire time until 1980 when it just rose up over the 1717 level for a few days. You can find the article on line but not the graph
You have get the actual magazine to see the graph. Dont know why National Geographic would have anything to lie about. So it is probably true.
anyname666 2 years ago
The national Geographic article is accurate because it measured gold from a peak after hyperinflation in france and a few other countries.
If you measure from the top stocks are bad bonds are bad everything looks bad from the top.
davincij15 2 years ago
No dude not at the top
the National Geographic article went back to the yeaer 1717 283 years ago
When Isacc Newton set up the first Gold standard.
gold lost against inflation all that time
anyname666 2 years ago
FYI gold was invented before 1717 and Isaac Newton put The British government back on a gold standard because of high inflation. Thus Gold prices dropped from their nutty highs thus never returned to insane evaluations.
davincij15 2 years ago
It does not take a brain surgeon to figure out that when you buy metal some day you will have to sell it. Right?
When you sell 2 things happen
1. you will have enough money to buy back only 88% of the same gold assuming 6% fee each way.
2. when you sell they will give you paper money. Oooops right back where you started from~now what r u going to do?
almost NO ONE will take gold or silver for goods in the country today. U will have to wait until there is a collapse of the world economy.
anyname666 2 years ago
gold has gained against inflation over the last 10, 20, 40, 100, 200, 2000 or 6000 years. So it all about starting points DUDE.
My actual starting point was 3 years ago at $700, it was in a bubble then as well. So when will you have a starting point 2000, 3000 4000 or maybe 5000? If so, FYI you paid to much.
We don't have to argue just short gold and silver reality will be our final arbiter. :)
davincij15 2 years ago
BTW I'm buying more gold and silver at these levels come back in 3 months and 1 year and tell me how badly I'm doing.
davincij15 2 years ago
U have some good ideas but your mistake is to place your trust in metal
Gold/Silver day to day is a gamble
gold down 12% this month It has lost against inflation over the past 30 years
Silver 30 years ago was $21 it now $17 that is down 15% in 30 years
Gold up over 30 years but not when adjusted for inflation
If u r just the average Joe~pay off your credit cards~that way you make 22%
Pay down your mortgage then you make 7% tax free
Once your house is paid off think of buying rental prop
anyname666 2 years ago
My god I just had a thought no one be so stupid unless they are acting. You own a lot of gold and silver and want to get more.
Good one dude! ;)
davincij15 2 years ago
hey
leww35 2 years ago
Ok i get what you are saying but think of this, if I'm rich and I have investors saying gold is going to shoot through the roof in ten years well i would take all of my liquid assets and buy gold and just get a loan for bank notes to live off of for the next ten years according to your logic right. no disrespect im just trying to see where you a coming from
leww35 2 years ago
Yes you can do that and it would work.
davincij15 2 years ago
hey davincij15 im completely new to investing in stocks/etfs/commodities/whatever.. like really new, im just researching all this because im a believer of guys like ron paul and peter schiff etc and they're all saying gold and silver is going to EXPLODE.
so just to get my head around this... (just an example) if i went and bought $100 worth of silver and then the price of silver went up 100% i could sell it for $200? im talking Australian $ btw.. if that makes a difference...
DaveC86 2 years ago
Their is currently $60 trillion of paper money if all converted to USD.
$5 trillion of gold and less than $15 billion of "deliverable" silver.
Once people understand that paper money can be created and given to the wealthy while you work hard for it. They will pile into gold and silver.
This will occur over time but it will happen. I will never give up my gold and silver except to spend or invest in a company that pays a divided more than inflation and capital gains tax.
davincij15 2 years ago
Think of it like Danici said man. Paper money is only created from debt. Without debt there is no paper money. For the money to be printed in the first place there had to be a loan and thus debt for that money to be made. With precious metals there has to be industry and work for that metal to reach your hand. It is a healthier form of currency from the moment the process is begun. The best bet to invest your moneyt atm is to avoid anything relating to US dollars and start buying hard assets.
devience666 2 years ago
excuse my ignorance, so would you categorize property as a hard asset, along with silver and gold, and also antiques, collectible art, etc?
wiredtojupiter 2 years ago
While antiques and art will always carry a premium over common goods they are not considered assets. I am very conservative on what I consider a asset, and that is what I can physically use as a medium of trade. Land is nice but I would avoid anything commercial now and housing hasnt fallen like it should of to be investment worthy.
devience666 2 years ago
That is a very good explanation. Good job. Thank you for the links. Always interesting to visit new sites (new to me).
rofsjan 2 years ago
I've been looking at the OCC website and JP Morgan is scaring me. Yet when i see the stock price, it's like overvalued big time.
Something is up. JPMorgan has more derivatives than Citigroup and it's hard to understand what the hell they are. Meaning it's not transparent
informationauth 2 years ago
Sir, YOU are Brilliant! ALL of your statements are accurate. Everyone needs to see this video.
AInero 3 years ago 4
No I am not brilliant, I just repeated what other brilliant people have said over the past 6000 years.
No one should say the wheel is useless relic of the past and we need square wheels. Yet some how we were duped into thinking paper is money and gold is a relic. I look at paper dollars with my young children and wonder why would you want paper over something like gold or silver?
It's amazing we go to the store and get something real with a paper that has numbers on it.
davincij15 2 years ago
This has been flagged as spam show
I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.
This rox... Thank you very much.
Wilfredsdf 3 years ago
real talk, i'm thinking about huttin that platinum or rhodium up.
Cant go wrong with the silver and gold.
Palladium is a little strange. It can go back up to double like it used to be or lose value since its like the cheap version of platinum.
tylerzackmcnell 3 years ago
95% of the world population believe wealth can be found in a piece of paper or a account statement. It's like the world has lost it's mind and we are under mass hypnosis.
There will be a day when we look back and think man those people where dumb for thinking the world was flat - i mean paper is money.
Any help you can provide me with waking up people to this fact sooner than later will be a great service to man kind.
davincij15 3 years ago
Try this again, but limit yourself to one minute.
ryanskapa 3 years ago
Ok, Silver and gold IS money, dollars are just paper.
davincij15 3 years ago
a couple years from now, these vids will be in the vault under the title "DaVinci Classics". :-)
TadRapidly 3 years ago
Yes I will do another one like it because there were days when I was not sure I was doing the right thing then I remind myself of the problems with the fiat system.
davincij15 3 years ago
Lets hope that, 2 years from now, we don't have to rub two sticks together to start our computers.
TadRapidly 3 years ago
Thanks
davincij15 3 years ago
keep up the good works
4laso4 3 years ago
Anyone have any suggestions on how to prevent your precious metals from being robbed? Are there safes with tracking devices on them? Thanks.
Caitanyadasa 3 years ago
get a safe you can bolt (from the inside of the safe as well as the out) into the floor of your foundation at home. $600 cut a whole in the bottom of an old frig and pit it over.
panoatprimerica 3 years ago 2
> Anyone have any suggestions on how to prevent your precious
> metals from being robbed? Are there safes with tracking
> devices on them? Thanks.
Don't tell anybody you have them. That's the most important and obvious step.
fuzzywzhe 3 years ago
Good insight. A lot of truth in what you said.
ELHIEGER1 3 years ago
I need to get my hands on some more silver before it starts shooting up.
you should check out metalsleasingdotcom on why silver WILL shoot up on spot price. There's no way around it, I believe Silver will be much more profitable than Gold, although Gold will go up in price, the ratio between Gold and Silver price p/oz will close up that huge gap there is today, something around 77:1. Wait until it reaches the standard ratio, something like 20:1 to sell your Silver ;)
btbking 3 years ago
Yes I agree but there is another bump in the road before we get there.
davincij15 3 years ago
Thank you brother for the advice. By the way Rome used to try passing off gold coins that were mixed with copper, the weight of the coins were devalued regardless.
blacklions714 3 years ago
I called CMI a few days ago to see if I could get some silver coins. The broker told me that the minimum order for silver coins was 300 ounces, but it was soon going to be at least 500 ounces an order.
SPYFICTION 3 years ago
Yes, many dealers are running out and here the only bank that has coins is selling them at lots of 1000 coins.
Evil.
davincij15 3 years ago
Do you actually have gold in your possession? Can you show it?
dodododa 3 years ago
I did in another vid
davincij15 3 years ago
Do you have any 1 ounce gold bars? I just bought one and it's in the mail. I'm not really sure how big it actually looks since the pictures are always on a solid background. I'm going to put a large chunk of my FOREX profits into gold from now on.
dodododa 3 years ago
Anther ponzi scheme. How surprising. NOT!!!
/watch?v=ol14x7Po37U
formulaprimer 3 years ago
It seems like the world of finance and paper profits are braking down. How do you feel that you have silver at home?
davincij15 3 years ago
I personally feel great! Ordered another 1500 oz of silver and ordering 5000 more in a couple of weeks when I feel they got some supply in stock. Also I'm heavily invested in oil stocks in Canada. Almost completely out of US dollar backed assets.
formulaprimer 3 years ago
That's good, because all the news I am read looks like the system is imploding faster than I thought it would.
davincij15 3 years ago
And of course no big money numbers show up on their banking accounts, this helps to keep taxes down. It is not in the system, so no government can rob you (because of arbitrarily taxing that can change from one period to the other).
dontblamethemessenge 3 years ago
i heard a story that many workers in Dubai get paied in gold jewelry in the past (maybe still so).
Because they come from poor countries, and when they go home they don't have to pay taxes: because it is personal jewelry, they can pass the customs. And other reason is that in their own country their currency is probably not great. They don't want everything in their own currency (thus also they dont want losses in changing one currency into the other).
dontblamethemessenge 3 years ago
Reason 11:
It is pretty.
dontblamethemessenge 3 years ago
AirelonTrading if your not going to invest in hard assets and your only trading in paper why are you even on this site. Your wasting your time and more importantly our time. Just don't come back here for advice when your dollar denominated assets tank.
formulaprimer 3 years ago
formulaprimer:
Thanks, Dan I a hard person to understand. He is arrogant, self richeous and confident person. But despite all that he is a good guy. He means well even though his words rub most of us the wrong way.
He is a day trader and like most traders he will be in the right trade when the time comes, or like most scams it will end with him having absolutely nothing.
This is why you need physical assets. The risk the market closes and never opens is growing day by day.
davincij15 3 years ago
Actually, the reality of the situation is I am:
1) An investor (much different than a trader. Much different). In my investing pursuits, I share in the profits of a company, when that company generates profits.
2) I'm also a trader, but I'm a swing trader, not a day trader. To non traders, that may seem like semantics, but it's really not. We're really quite different.
3) In addition to that, I have too many hobbies that relate to my financial pursuits ...
AirelonTrading 3 years ago
In all this time I did not know how you allocated your wealth. This is a logical and exactly what Peter Schiff recommends.
Instead of exposing the wisdom of diversification and purchasing the right stocks, you provide condescending remarks that are less than helpful.
You are a good person with a lot wisdom and knowledge, however when sharing it you come across as holier than thou attitude, that turns people off.
davincij15 3 years ago
The only advice necessary is buy silver. Everything else is just conversation of the useless nature. Wealth preservation is the long term goal. Profit will be just a bonus. That is the point of silver which has been a recognized means of money for over 6000 years.
formulaprimer 3 years ago
I do tend to get a little angry when someone else on this text (not you) took a comment, copy and pasted it from another site, and then claimed to be an economist working on their doctorate.
That sort of dishonesty is what I fight, and I do tend to get a little passionate about. I term it "righteous indignation". Especially when some present something as an economic fact, when it is a debated topic, not a fact.
AirelonTrading 3 years ago
I agree, just try to stay calm and point it out kindly.
davincij15 3 years ago
such as economics (all schools, though I don't tie myself to any line of thought, therefore, I am not beholden to any one idea. Neutrality has a wonderful gift of bringing clarity and truth), linguistics (I'm a student of textual criticism and I study 13 languages, while I speak 3), and Traveling to different countries (nothing assists you to understand an area and business opportunity, like facts on the ground, and speaking the language and culture of the people there)
AirelonTrading 3 years ago
... just to be accurate. :^)
As far as financially?
1) I have hard assets. I have silver. I have gold. And currencies (both USD and foreign)
2) I have paper assets that compound their returns when the companies I invest with generate profits - which can only be done when something real is produced. When natural resources and labor PRODUCES an item (Investing)
3) I sometimes trade price difference (swing trading)
AirelonTrading 3 years ago
You're justifying our point that all the fundamentals in the US economy sucks!!!
formulaprimer 3 years ago
Hopefully more and more people will buy gold and silver.
Just also for the sake to send a message to the politicians and banks. Maybe finally some banker or politician will talk about gold and silver! I hear them only talking about euros!
The withdrawal of savings acount money and buying the metals will make the message clear. We don't want to be fooled again by those bankers and politicians.
dontblamethemessenge 3 years ago
Replace all your worthless Fed Notes with Liberty Dollars. Liberty Dollars are real money!
I only get paid with Ron Paul Liberty Dollars!
tito2b2 3 years ago
I wish I had the money to buy gold.
DEMCAD 3 years ago
Forget gold. Silver will have a higher rate of return.
formulaprimer 3 years ago 2
watch?v=w84EiCt0Lqk&NR=1
Jim Rogers left the US and moved to Asia with his daughters. He and most big smart money investors feels US will not recover this century and the much like the Sterling when it lost world reserve currency status the US dollar will lose 90% of its value. He most big time investors have liquidated all US dollar backed assets.
Stop listening to Keynesian economists. Their ponsi scheme economy is coming to an end. The world has caught on the scam.
formulaprimer 3 years ago
I think gold has also good further applications.
Because it is so expensive, it will be used if no other metals can be used for it.
That also means it can thus not be replaced, likely for that application.
The problem with platinum might be for example if cars will not use platinum for the exhaust catalyst of cars, or it is used less in industry.
dontblamethemessenge 3 years ago
Gold is an inactive metal, and was used for coins because it is rare and does not react with the environment. It has value because the Federal Reserve, and Very wealthy people think it has value. Silver as a fundamental element is the King of metals. Gold is precious because it is expensive.
Nasa uses more silver in its applications, It is the Most electrically conductive element, not just metal, period. Lowest resistance, and second only to diamonds in thermal conductivity.
Not so for Gold.
thecomicsitedotcom 3 years ago
The reason there was no massive shortage of investment silver in 1999 and there was in 2008 was because in 1999 the bullion dealers KNEW when the demand for silver was going to increase. In 2008 Sept 15, 2008 was a surprise, there was no indication that people would suddenly start buying silver bullion en mass. Buy silver as you can, on the dips in price, and hold.
thecomicsitedotcom 3 years ago
I am not advocating buying gold, just pointing out that silver is more plentiful. I am buying Silver not gold. Silver can be used in many things from Nuclear Reactors, Jets, Medicine, and a host of other items. Silver is the most thermally and electrically conductive metal. More so than gold.
Don't expect the price to jump soon, buy what you can afford to sit on for at least 5 years.
thecomicsitedotcom 3 years ago
There is not less silver above ground than gold, please clarify. There is more investment bullion of gold than silver TRUE. There is more physical silver in the form of Sterling than gold above ground PERIOD. How many gold tea sets or silverware have you seen?
Go to Ebay search for silver or gold ounces there is a LOT MORE silver for sale at least 5000 ounces per day of silver are sold.
Gold is around 1000 ounces per day.
MORE silver than gold above ground.
Read your own links, it states 19B
thecomicsitedotcom 3 years ago
Ok I looked at my own data again, and well you are correct.
davincij15 3 years ago
Yeah! Post the link to the SEC letter about the naked silver sales to investors man that is proof positive that there are a lot of people who "think" they are invested in silver but actually they own nothing.
thecomicsitedotcom 3 years ago 2
Yes so those people will eventually figure it out. And when they do, there is not enough physical investment grade silver around.
davincij15 3 years ago
sometimes one sees a sudden steep drop in the goldprice, for example from 880 to 565.
What does that mean? I think that a big player sells a lot of gold. Could that be true?
And if so, could this mean a big player sells a big part of the gold at high price, and then somewhat later he could buy the same gold back at a lower price? So that could be some kind of manipulation?
dontblamethemessenge 3 years ago
i mean a drop from 880 to 865!
dontblamethemessenge 3 years ago
Now i heard the M1 multiplier of the US is below 1. And the comment said that it means that whatever how much money extra is printed, the total value of that money is worth less than before printing. That means inflation.
Is this correct?
dontblamethemessenge 3 years ago
I stopped on bullionvault because so many times i cannot start the goldprice applet, it makes me sick.
So for example this morning i wanted to see the actual gold price chart in euros. Then it did not show up the screen: completely empty.
Many times it showd up in one browser and not the other and vica versa.
So now i thought:" it is my computer at home". No even at work the live price does not show up! A white screen. This way i cannot trade properly!
dontblamethemessenge 3 years ago
Davinc - it turns out the Comex is only 1% depleted - not 48%!
They are moving the metal around but none is leaving?
Sounds like fraud to me - Madoff style.
dojufitz 3 years ago
dojufitz - it's because the Comex is only the marketplace. It's not the seller of the silver. Not only are stocks of silver leaving, many who are discussing the Comex Silver "default" fail to take into account the stocks of silver that are going INTO the Comex. They're only looking at one side of the column. Fact is however, stocks of silver are moved around, near delivery date, and stocks go in and come out. Final # 's are usually settled a bit after delivery, and all the cash has been paid
AirelonTrading 3 years ago
I believe that silver will begin its massive price increase NOT in February but in April. Check out the lease rates. I think the rates will gradually, at an inconsistent rate, increase in a few weeks-resulting in a spike in April. So...Along with other things, in April is when the default will happen!
keyedlock 3 years ago
davincij15 your analysis is correct. The time frame might be in question but your analysis is very accurate. These other comments from the others shows the ignorance of market system.
formulaprimer 3 years ago
Of course prices will fall to the floor for paper assets of gold, silver etc. So your article means nothing because physical prices will go to the moon. Paper market prices are an illusion. Just like when we first got off the gold standard we will have to different market prices for paper and physical.
formulaprimer 3 years ago
Jesse´s Cafe Americain
Comex Doing Fractional Reserve Delivery of Gold?
Ibilaemash 3 years ago 2
JP Morgan's forecast of the commodity index rebalancing ...we expect the rebalancing to have the greatest impact in gold, COMEX copper, crude oil, gold, and live cattle. We estimate that the rebalancing of the two indices is expected to result in $877 million of selling in gold, $699 million of buying in COMEX copper, $528 million of selling in live cattle, and $523 million of buying in crude oil.
Ibilaemash 3 years ago
Hi Davincij15 plase check these article
Beware, commodity index rebalancing ahead from financial times alphaville
Ibilaemash 3 years ago
Hi Davinc,
what do you think about the talk about the Fed revaluing Gold to a much higher amount?
Any thoughts?
dojufitz 3 years ago
They may evaluate what the have on the books as they have it at $43 per oz or something like that.
Truth is I don't know.
davincij15 3 years ago
Continued...so do you see that as a distinct possibilty...(That all presious metals will be called in by the Fed)???? Thank you Davincij15.
BrodyLuv2 3 years ago
No, if they did that then why don't the call in everything you own.
All they can call in is coins.
davincij15 3 years ago
Unfortunatly I belive that what we are doing here is discussing financial ideas that held true for our old economic system, The problem being the WHOLE way the old system worked is not going to be anything like we have now once they've finished with this economic implosion we are going to be pushed into a compleatly different system, I belive that ,just like they did in the deppresion ,ALL presious* metals will be called in by the Fed. I really appreciate your uploads,But what do you...CONTINUED
BrodyLuv2 3 years ago
davincij15 is right about googling the company.
That is usually the best thing to do.
I also mostly check the company before i buy anything.
Because something one finds a cheap company that buys a tv for example. Then it turns out to be a company that sells but not delivers anything......
dontblamethemessenge 3 years ago
I personally think all this fancy activity with paper trading exchanges of silver and gold and derivatives are just another way of loosing money and getting brainwashed into thinking that holding some piece of paper is real money. If you don't have gold or silver actually in your hands it is an illusion of the market and it can disappear in an instant.
formulaprimer 3 years ago
Question for Davinci & Watching Internet Users...
If I buy a 1,000 oz bar of silver, is it a good idea to keep it in the back ($4/month fee) & then once the premiums for American Silver Eagles drops to a lower level, buy them by converting the 1,000 oz bar. Monex provides this ability for someone to do this...is this safe?. Will the premiums come down? Has the 2009 minting of silver 1oz rounds been release across the board of minters around the world? What is the downside of doing this? Thx
javagator001 3 years ago
I meant to say the word "Bank" in the first sentence of this post...what I'm asking is: is it safe & smart to buy 1,000 oz bars while their premiums are relatively low & wait for the 1oz rounds premiums to drop & then convert it to 1,000 silver rounds & then take possession? Will the drop occur or are we at such a scarcity level of these, that the primeums will be maintained into the foreseeable future?
javagator001 3 years ago
Do you mean you really got the physical bar or a paper that says you have the bar in the bank?
Because that might be another paper trick.
So when things go wrong you get the spot price or so.
Because to me just 4 dollars for storing a bar does not look like a lot of money, unless it is a paper promis.
dontblamethemessenge 3 years ago
Google Monex lawsuit
Start reading.
Having someone hold your gold and silver is a bad idea.
Yes the premiums are the cost of making the product. Do you thing labor costs will go up for a product that's in demand? Also look at the history of premiums of gold coins it's has been more than the cost of silver is today for years now!
The premium for silver coins in the future will be more than what you paid for them in the first place.
davincij15 3 years ago
Went to Google...saw a lot of bad "press" on Monex...will convert silver bar into 1oz rounds & have them send it to me...
javagator001 3 years ago
Good choice, now google
Naked silver Morgan Stanley
I like the part where Morgan Stanley say "It's industry standard practice" [to not by silver and charge a storage fee]
Get your silver NOW.
davincij15 3 years ago
I used to invest with monex. I believe they are as fraudulent as the comex. They do not have allocated silver, meaning that they are selling you silver that they do not have and charging you monthly fees for holding it. They won't admit this of course, but if you talk to an agent, he will tell you that they don't have a specific bar with a serial number for you, but there is an unallocated bar in there storage. As long as no one asks for delivery they will get away with it. Buy physical.
jonald77 3 years ago
I cant believe your still explain this. I cant believe that people don't get it already. It's not hard people. It still amazes me that people are arguing against buying gold or silver.
wizkid2000 3 years ago
Please understand wizkid2000, our whole life we have been bamboozled into thinking paper is money. It's hard to see anything else to be true especially when the banks have suppressed the price of silver and gold, to fool the average person to thinking riches can be found in dollars.
davincij15 3 years ago
The Banks have honoured my request :)
Cheaper Silver for everyone :)
linux23dragon2008 3 years ago
hehe.
May the banks lower the price of Silver again :)
Oh yea. I hope this works too.
I would be so happy
linux23dragon2008 3 years ago
Oh, unless this could be the moment we have been predicting all along?
linux23dragon2008 3 years ago
Have u studied Zimbabwe's economy?? They are a blown up picture of what the US can become,, but then again that is an extreme case.
Prash33n 3 years ago
Yeah, I think more like Iceland as the banks in the US are in the same pickle as the Icelandic banks but 100x worse.
Like Bush said it's a house of cards.
davincij15 3 years ago
You're kidding right?
You're trying to compare what was ALWAYS a third world country to the largest GDP in the world?
Comments such as are found here? Are the result of "popularizing" economics. People watch "Money as Debt" or "Zeitgeist" and suddenly think they have an economic education, and have so LITTLE concepts as to the Lucas Critique, models using comparitive statistics, NCM rational utility-maximising systems, etc.
AirelonTrading 3 years ago
What's funny? Is that people who are buying physical silver and hard assets? Are proving NCM models to be correct, while at the same time? They rail against those very same models.
Why? Because they have NO UNDERSTANDING OF ECONOMICS. This is the very 'proof' of the Lucas Critique.
AirelonTrading 3 years ago
I can't speak for anyone else, but I'm buying physical silver for 3 reasons:
1)The law of supply and demand, I believe that falls into the economics category.
2)I believe silver is highly undervalued, at its current level 8 gallons of water = 1 ounce of silver. I will trade anyone anywhere eight gallons of water for an ounce of silver.
3)At some point, the US will default on its debt, because I live in the US, I want to own something besides dollars.
Economic Theory is just that, Theory.
thecomicsitedotcom 3 years ago
so if those small number of silver above ground is true, it is amazing.
Because it is not so much used for photography these days, at least less than before. Nowadays much is digital.
So maybe that can also be part of the reason? That less silver is mined because of this?
And i heard recycling of silver is improbable because it is hard to get small amounts of silver out of a computer for example?
dontblamethemessenge 3 years ago
Photography was a zero sum game as all silver used was 100% recycled.
Silver has always been in a deficit mining as the price was suppressed.
Yes recycling of most silver usage is not possible at any price.
davincij15 3 years ago
This is not an argument. If lets say there is 5 times more gold than silver 5 to 1 ratio. That is good news for silver that mean in the future the price could be 5 to 1 relative to gold.
If gold is $2000.00 oz imagine what silver will be !!!
formulaprimer 3 years ago
Actually within the next 9-25 years silver will be more expensive than gold. Silver is a finite material, it is being consumed, when it is actually more rare than gold, the price will be higher.
thecomicsitedotcom 3 years ago
The problem is not enough people use REAL silver as a store of wealth. Most people are in paper silver that does not affect the price of silver.
davincij15 3 years ago
So Silver bullion is rarer than Gold bullion?
dojufitz 3 years ago
Yes, if you include bar and coin form.
thecomicsitedotcom 3 years ago
Yes, even if you include silverware and jewelry, all forms of silver. The total available supply, if mining stopped today, would be 1 billion oz.
Mining produces 520 million oz per year (as per CPM group 2007 stats) consumption is at 850 million per year.
We will not run out of silver it's just that supply will be tight unless prices rise.
davincij15 3 years ago
Hedonic regression introduced by Greenspan. Mr. Bubble boy. Need I say more. What are they going to do next Hedonistic Regression. lol
formulaprimer 3 years ago