I'm glad you see that, now it's hard to see. People don't see that money has the same supply and demand as anything else if there is lots of homes prices go down if there is lots of money the value goes down but you can only see it with prices going up.
You can do that test with so may things Cows is a good example the average cow has always sold for 1 oz of gold AND STILL IS! LOL
Sure it goes up a bit or goes down a bit but the average stays the same.
Your assumption prepossessing that those that have the knowledge will use it to prevent the inevitable, however those people are too few and they understand that comprehension takes time. Also remembering the what they taught is also a problem its easy to forget the truth. This is why people follow silver channels to remind them that silver and gold is money even when everyone else doesn't get it.
It's hard to believe the truth when everyone else agrees with a lie.
A few have pointed out that this time we have the internet and can spread information quickly... this is true information can be spread quickly but understanding can not.
Even I took 6 months to understand and believe how the monetary system works because I did not believe that a gigantic fraud is our monetary system. It just did not seem possible. Even now I bet you can not comprehend the magnitude of my words and that is the problem.
Yes but he will not be elected because of the human cycle:
"The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage."
This has never changed and will never change I have now realized it and I will no longer try to change it just survive it.
The key thing to my conviction is... well imagine living 2000 years and in that time you see currency go to zero over 3800 times and each time the public thinks this time it's different or don't even bother to think about the currency but the results end up being the same. Gold and silver come back as money.
Now no one lives 2000 years however reading books on the subject mater makes you feel like you have thus you know the end result and NO this time is not different.
Look at the silver chart. It had to take a breather. Metals trade just like stocks. Watch your chart for support levels for re renty if you were smart enough to sell in the mid to high 40's.
I'm suprised you did not mention Obama!, Woops i mean Osama, after osama killed obama, errr i mean right after obama killed osama the price of silver at 50$ started to drop down to 32$. once it hit 32 i bought i hole crapload more and now its waving its way back up to 50$ haha lol.
Every time they print more and more silver certificates it drive the price down which drives the physical demand up. Fail on their part.
It may seem like an epic fail but... All they want to do is buy time and it's working since most people do not know what you know... That is the banks and gov are gaming the system. So buy on the dips from the dips that sell.
@davincij15 I just ignore the dips, where i live there is way to much physical shortage, i second i get my paycheck i instantly order about 75% of it into physical silver, sometimes they can not order as much, and ebay is to costly, buying from out of Canada is to costly.
If you see physical buy it, who cares just buy it before someone else does.
The solar panel market in China alone would deplete world silver supplies in one decade if it continues at its current growth. The Treasury Department sold $24 billion in 10-year notes on Wednesday at a yield of 3.21%, the lowest level since November and a little lower than traders' expectations. Bidders offered to buy 3 times the amount of debt sold, versus an average of 3.01 times at the last four monthly quarterly sales of new securities
@AudiophileTubes If silver falls to $25 an ounce I would of still doubled my money..who is the fool? But then again if it went down to $25 I will be happy to take that buying opportunity......Now what exactly makes Ron Paul a fool???
Thank you busy collecting and worried for a small moment - back on track now!!! Gold Ok to carry on with or not? Can´t buy much but every spare bit of cash is going into metals!
Ron Paul announces formation of his exploratory committee for President of the United States and launches 2012 website(RonPaul2012DOTcom). The upcoming Republican debate is on MAY 5th along with a "Debate Day Money Bomb" . Please do what ever you can to support America's last statesman!
@davincij15 lol.I know your a huge R.P. supporter but i really feal like we need to up the notch in intensity on promoting this money bomb..so do what you can buddy..I already know you do.
CHURCHES and bibles BURNED and OUTLAWED, THREE years of PEACE then last THREE OF apocalipse, WW3, THE BIG EARTHQUAKE, METEOR hits OCEAN islands disappear, NO FOOD, NO WATER, CHAOS. RICH PEOPLE will CRY as money is seen in the streets LIKE garbage without value, GOLD AND SILVER useless AS NO ONE WILL buy without THE lithium cancer causing microchip. ALL BIBLICAL.
Hey Bud, I respect you for your videos. I have a question (3 actually). When do you speculate the selling point of silver should be? How to recognize it? and How to prepare for it? ... Thanks bud. This will help out a lot. Blessings!
Got to the mall ask people how much 1 oz of silver is the day you find 1 person that knows the right price with in a dollar is the day we are close to that point to sell silver.
@MrSizzlingsilver obviously once economic colapse starts n money is dropping like a on of bricks by then everybody will realise what cold n silver are worth alas many whould have missed the boat what little i have am keeping to buy food in an emergency
I am not going to argue an incorrect point you believe in. However will point out that you would rather support some asshole that would continue to let the Federal Reserve Print money and had it out to their white friends for free and you have to work for it.
Dude, Ron Paul is not enslaving black people YOU ARE! When you work for free you are a FUCKING SLAVE!
IF YOU GET MONEY FOR FREE AND OTHERS WORK FOR IT YOU ARE THE MASTER!
@ViolentWhiteMan Remember though, the true free market (the only one that matters to me anyway) is nothing more than individuals interacting with each other freely, without compulsion or coercion. Therefore, slavery is impossible in a free market.
i would suggest from your ussername it is you that is the racist . if you had listened to rons words he thinks its ok for a black man to open a cafe and put a sign up saying no whites (black only cafe ect.) how is that somehow against blacks. ron is for making sure the gov do not tell us everything we must do . its not a race thing at all , you are obviously so short sighted you belive the mainstream media circus
silver is blatently under valued and the manipulation is failing
Claiming ron Pauls supports slavery is ignorant. Have you ever listened to Ron Paul? Have you ever read the works of Philosophers and Economists he reads? If I may quote one of the original Libertarians and slave abolitionists. "A state of slavery is a state of war. and a Just war on the part of the slaves– a war for liberty, and the recompense of injuries." To the Non-Slaveholders of the South:A Plan for the Abolition of Slavery (1858) by Lysander Spooner.
Hmm, yes silver dropped today 0.76 cents, as a new convert to this metal, I think what you have stated makes sense. I get 'jittery' sometimes, to see silver taking so long to rally, but when one looks at long term 'stats' then gold today should be $5000+ not the $1000+ scenario. Yes I was lucky in the sense I invested in gold @ $230 an oz, Silver in my opinion after much research is not for the short term feint hearted, rather look upon silver as a 5 year minimum plan, one you'll never regret.
I owe Ron Paul my life I would die for that man. He awoke me from my slumber in the matrix before his campaign I thought government was good and was just incompetent.
Truth be told the saying "When the student is ready the teach will appear" is what happened and I was ready.
Researched and learned on my own and was upset that the public school system and the colleges did not teach this stuff. I understand why though, who is going to teach a slave that believes he is free that he is a slave.
How are you a slave?
Well in short, the banks create money out of nothing, they loan it to government who uses a gun to force you to pay the banks interest on money they created for free. Thus the bankers are the master and you are the slave.
When you truly comprehend what is going on you will feel like Neo when he was told what the Matrix was.
Henry Ford was right when he said...
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
The truth is some people would admire the scam the bankers managed to pull off and drive to accomplish similar goals as few industries have done over the last 100 years.
interesting. I notice there's more and more a difference between "paper" and "real" silver. Silver is now less than $16/oz now, but do you know anyone willing to giving it up for that? More than likely, you'll still pay around $20 for Eagles or Maples.
No, it's the understanding of money. Currently what you use as money is printed and given to the wealthy thus you work they do not. In other words you're slave.
Money needs to be something that does not allow one group of people to benefit by the counterfeiting (government and banks) and others to suffer as prices go up because the value of the money is going down.
New World Order is under the powers of the Jesuits, which is a military set up for the Vatican. Search Black Pope and NWO and you will really know whats going on!
Remember in the bible when Jesus was casting out demons and the people told Jesus he was using the power of the devil to do so. He said in reponse to them you say that I cast out demons by the power of the devil or satan. But I say a house divided among it self cannot stand. Meaning if Ron Paul was a bad guy why would he awake the people to the Fed and the money scam. The Devil would never cast out the Devil
Our population is inflating, the planets resources are deflating. Inflation, deflation, your choice. Commentary, we are playing a fools game. For me, silver will do.
The logic of the position gets worse. The implication of his argument is this: three banks, by taking short positions -- which have proved immensely profitable to them (which is why people speculate in the futures market) -- are behind the collapse of the entire world commodities market. It is not just the precious metals that have collapsed. It is the entire commodities complex.
That is true but how do your reconcile Record buying of silver and gold during the collapse causing shortages? How do you reconcile the fact that those positions exist in only gold and silver?
How do you reconcile the fact the both china and the gold ETF have 1200 tons total more gold in the last 3 months?
At the end of the day this truth stands:
"Gold and silver is money and nothing else." JP Morgan
I like silver and made a lot of money on it during the late 1970's But there was inflation then not DEFLATION. GOT IT.
Record buying and the price collapsed ? What does that tell you ? You're betting on the financial collapse of the USA. and hyperinflation. Such was the prediction in the 1970's by a guy named Howard Ruff.: "Famine and Survival in America (1974)", He's at it again. Doom and Gloom always sell and Ruff knows this. You should write a book instead of being on YouTube.
Nice answer. You see, when I was your age I had a lot of fun with silver going sky high and I hope you have the same and if it does I'll be along for the ride. De-leveraging , a false demand in real estate, I see your point.
Was it not the credit markets that were de-leveraged or wiped out. Is this not deflationary ?
For example, if I can't get credit or a loan isn't that deflationary ? I lose purchasing power. It seems to me that the gov't is trying all it can to restore credit markets.
Real purchasing power is not from amount of credit you can get it's from production. If I produce X I can consume Y.
Credit creates new money into the system where people produce x and take dollars but do not consume. Those people are causing what seems like deflation because they are not spending. But the money supply has not gone down.
So governments force those foolish prudent people to spend their money by creating more.
You know, another thing about holding true money like silver. Back in the 1970's it depended on when you bought silver. If one bought it at $50, they're still holding the bag. If one bought it at $4 they're all right. Timing is everything. Gold hit a double top and it must break above 1002.20 for a reversal. BTW if silver goes to $500 oz, what do you think gold will top out at ?
Paper money and credit act the same way except for one thing. Paper money in hand can't be destroyed. Credit can be instantly destroyed, just ask anyone who had their credit card canceled thereby decreasing the "money" .supply, their purchasing power and causing deflation. Is this correct ?
The problem is that credit on a line of credit does not enter the money supply numbers until it is spent.
You see easy credit is what drove the economy the fact that you can borrow (create money) and spend was the engine.
That's not real wealth as you did not work for it, thus you have increased the number of dollars with out the increasing the number of goods and services.
This applies even more so to government spending as they produce nothing. Compared to a private worker that borrowed.
"Can money produced by Quantitative Easing be viewed as financial capital?"
No it cannot.
QE seems to me to be a violation of "no free lunch". It seems to me that we are attempting to create "store of value" via the output of a printing press. My question is whether or not the output of a printing press has value. If it does, then we should just continue printing infinity. If it doesn't then it is merely the modern equivalent of "coin-clipping".
If ten people want item X and only 2 of them can pay with their own money and 8 of them do it on credit. Next week the same thing repeats, however in week 3 credit drys up and the maker of item X only has 2 buyers and 10 items of X.
Now if the X maker reduces his price because inventory glut is that deflation? No!
So if everyone has the same problem is that deflation?
This will end when the people who have money will wake up and then an event like Iceland will happen. Study it.
Your comments are more than welcome here because they strengthen the truth for those seeking it. Anyone willing to use Google to look up your facts and my facts will see truth staring back at them.
If I don't see you again, good luck to you sir in all your endeavors.
1. Gold has no industrial purpose because it is money, in your world the all of the central banks that who have 75% of the worlds deliverable gold are crazy. You believe they should own oil instead.
Silver has over 10,000 industrial applications and growing.
2. There is only 1 billion above ground ounces compared to gold 5 billion. The Hunt brothers failed because the COMEX rules changed preventing them from increasing there long positions.
Why is Apmex selling for 1$ over spot is the question? This Apmex sale is good for Friday, Saturday and Sunday, Mostly when the market is closed, that is no coincidence. My guess is that Apmex has inside information that Silver's spot price will fall lower soon and wishes to unload bulk inventory now! I would wait for lower prices. Do not underestimate the effects of market manipulations.
I think I agree. That was my thinking too and why I passed on the sale this weekend. I just bought some small gold off Ebay. I think silver will be done with its freefall within a month or so though, and after that we should go up up up and away...I hope :)
If I sell something I don't have for whatever reason will it not affect the price? This the "sell off" that occurred no one sold real silver. If you could afford a 1000 oz promise to pay silver and asked for delivery you would not get it you would only get an IOU silver. Now is that silver? Yet that set's the price you see every day.
One thing I've never been sure about is where best to buy silver. I'd like to get an assortment of certified small bars and "junk" silver. I have no interest in silver certificates, only the physical metal.
I know Ebay is overpriced. My local coin shop only sells numismatic gold/silver coins. Any suggestions?
I do not believe Ebay is over priced. I find very good deals on Ebay. Google coin dealers close to your area. Chances are there are several. Visit them all. pick the best of the lot. Develop a relationship with the owner and begin buying. Most all coin shops also have Silver bars in various weights as well as Silver rounds both of which trade lower than minted coins. What I find right now with my purchasing is that 1 oz. rounds sell for 3$ over spot and minted coins sell for 5$.
The another question I've been thinking of is what would be the consequences if PM skyrocketed. the interest rates would have to go high, bonds won't sell, dollars won't be a reserve currency, which would result in more serious problems.
So next question is if the government will let that happen? I don't see why they would. So the PM price can't go up, as simple as that. Forget about the supply and demand. Anytime if you're doing something that goverment doesn't like, well, good luck.
Why is someone who's name is GoldSilver so bearish on its future? Are you an Anti-Silver agent sent by J.P. Morgan? You have it backwards, the reason we own Precious Metals is because the U.S. is debasing the Dollar to the degree that it is inevitable that it will loss is standing as the reserve currency. We will suffer massive inflation. U.S. bonds will be toxic and the government be forced to raise taxes and interest rates in a desperate attempt to mop up all this excess liquidity.
Charts suggest Silver could go lower...2-3 bucks or so to the high 9's.......also, chars suggest it could go higher afterwards....500 bucks or more. See you guys this Autumn....go back down to mid 7k area in dow...could go to 9, 10, or even 11k in DOW...then see you in DOW 3k area. Bond market collapse? All of this seems to be a matter of time. Trust in the LORD Jesus Christ. Get food, protection, and eternal savation in Jesus who's shed blood clenses us from all sins if we accept HIM!
Keep buying people. Silver at $12, $10, $8 per ounce - I don't care. The end game is to be holding it when it pops $25, $50, $100 per ounce. It may take time but it WILL happen. Buy more and do not react to emotional b.s.
Check my peak oil and possible out come,its happening to a T. 150 oil, High gas and food, losing jobs, forclosures, home less.Share market collapse.All we need is the civil unrest. Sure demand dropped as recession hit.But another recession will hit as economy picks up and oil rockets up again.
More expensive to extract silver when oil is over 100 a barrel.
Hope silver batteries take off for the hybrids.Recycleable but 850 million cars would use a lot of silver
Yeah and I get if that happens silver and gold will go to zero. Why? Because no one will buy a promise of gold and silver that sets the price, when the real deal disappears. This has happened before and will happen again.
Just in case you can't see it that means gold and silver will become official priceless. Unofficially there will be no uniform pricing as ebay prices go all over the map as people desperately try to buy.
You are very very smart! Isn't it possible, though, for these masters of the universe at Goldman to just keep on manipulating using their paper silver derivatives? How will we know when their game is up? In the meantime, I am buying more physical as a store of value.
haha come on. I personally wouldnt care if silver would be trading at 4 dollars again. Why? Because the western currencies are totally doomed and the dollar is worth shit. Why should i value a great investment in a doomed currency. I value silver against supply/demand, gold, housing, stocks, industrial usage. Would u care if your silver price in pieces of shit plunged? HAHAHA The damn annocement of imf to sell 12 billion in gold was the reason people went short.
I would point out that agents from these very same banks conducting the short selling cruise these Silver forums collecting information and disseminating misleading information in an attempt to undermine our cause. Stay strong.
If prices go up for the things you need to by do you say, Ouch my dollars are taking a hit? Wait you silver money will get more value, you can't say that about paper money in the long term.
"It will happen in the first half of the next decade. "
Man, I hope we have that much time. I do. But somehow I cannot afford to time it wrong. If I miss this chance to load some PM, which will be critical for future survival, I'll be washed away by the mega economy tsunami AKA USD hyperinflation.
Well, again I wouldn't blame it all to manipulation. The factors that would otherwise drive the price of silver are not there or have gone. Inflation is no longer a concern until years later. Stock market is having a strong rally which has sucked money off PM. Economy is showing the signs of recovery which makes PM less attractive, etc... The 10 reasons Theodore has put in his latest article for longing silver, don't sound solid to me. I'd be cautious in buying more silver, at least for now.
Strength in U.S. Equities are due to a combination of factors; pure inflation, repeal of "Mark to Market", U.S. Treasury Dept. purchasing it's own Treasuries, Combined Gov. and Media propaganda as well as massive short selling of Gold and Silver to drive down prices and give false strength to the Dollar. These are magic tricks and manipulations. The fundamentals of Silver are strong as an Inflationary hedge, as a industrial commodity as well as currency should this house of card collapse.
I didn't really want to mention it, but look back of your videos when you suggested to buy silvers, prices mostly came down after. So in your case, it's been proved you've been wrong again and again.
Having said that I'm not saying you will be wrong in a long run. But timing is crutial, just because price will for sure go up in 20 years, doesn't necessary mean we need to rush in now.
I'm not selling as a matter of fact, I was thinking about making a swanky silver eagle halter top so I could wear my silver to the club, because that's how much I adore it:)
It's amazing that you can't recognize a bear market when you see it. If you knew how to read elliott wave charts you will see that silver is headed much lower and will be lucky to bottom at $9.
Its amazing you could buy mini contract of silver and gold and get delivery for 40 years and now you can't. BECAUSE you believe people don't want it.
Now people are buying promises of gold and silver they are unable to get and it sets the price. So you can sell it and never deliver, do you need a brain to see what that can do to the price if people can sell and not deliver?
Yes, I see. I guess it's the short interest you are referring to. However, the proof is in the pudding.
You maybe right about silver going much higher but timing is everything in such markets. In any event, silver has just broken its 200 day moving average, not good. In fact, this is so bearish that there is virtually no downside support. Right now, the action is in stocks.
Technical analysis and reality are two different things.
What does that mean?
Well reality is silver is manipulated bar none case closed. That means the readings you are getting does not jive with reality, people are buying the physical and having no affect on the price in a positive manor.
I can not convince you of this in a comment you have to start with articles assume they are lying and take the painful rout of validating their assertions.
You know the government can decree that items should be priced at what they say it should be and it works for a little while but what eventually happens?
Shortages. No that does not mean you run out of products just that the product becomes harder to get.
We seeing that as the CRIMEX prevents people from taking delivery of mini gold and silver contracts, no other commodity has this problem.
Pure paper speculation of silver contracts. Artificial underlining commodity of silver and endless shorts relative to longs positions which means you don't have to own silver to make a contract to sell it. It is almost exactly like fiat money. I call it fiat silver. I'm buying physical at these ridiculous prices because in the long run which my definition means more than 1 year is the best way to approach physical silver. P.S. $9.50 or below gap needs to get filled to secure long term low!!
the false dollar is not a good basis for Au or Ag values. Really, for example, do any of you think oil is only worth the $50/ barrel the flat-bottomed fiat says it is? even with "19 year highs for crude supply"--think how low Ag price would be in an actual market@ such high supply, yet we are at comparable LOWS in supply for this metal! A real piece of work....I guess the elites wanna secure their ponzi dollars in high ratios of Ag before the SHTF! Follow suit I say...
All right, every time I bring up the option of purchasing silver to my parents, my mother changes the subject or just walks away. My father seems receptive to the possibility, but won't commit to anything unless my mom is on board. I thought today with the low prices I'd be able to get a committal, but once again, just the brush off. Should I just give up or is there another way I can convince my mom? Any suggestions from anyone is welcome.
some people just don't want to hear that things my go bad. I would try to be positive about owning silver. try talking about how it will always be worth something and that as a long term investment its more stable then the stock market.
Also, I would not tell them to put all their money in (even though I think they should) but I would bring up buying a little at a time, and once they get those shiny coins in their own hands I think they would be more receptive.
It shows modern examples of hyperinflation: Weimar Germany, Argentina (a once-wealthy nation whose name is derived from Spanish for silver), and Zimbabwe (currently in hyperinflation). If you can get her to watch, even better, but you will see the historical fate of fiat money in fiscally irresponsible nations, like ours.
In each case, PMs were (or are) the only money worth having.
i was getting alil scared, but watch the stelaconcept video he made today and it made me at ease haha i just bought 10 more 1 onza mexican libertads ley .999 baby
i am like 79%, the only cash i have is to get gas and fast food. haha the rest is metals..it sucks cuzz i want to buy somthing and i be like o shit, all i got is silver ahha so i wait till my next check and buy it haha
Someone said that silver and gold are THE arch enemies of fiat (paper) money. I am convinced that our corrupt American government is holding down the price of precious metals. Through its agencies, the SEC and the CFTC, the government is manipulating the price discovery mechanism of the COMEX. It's occuring intentionally and with aforethought. Buy and hold while prices are being manipulated to low levels.
I know!!! I went to buy some but I had to leave and when I came back they were sold out!!! I was bummed... but I did get some 1oz rounds so all is good, though I did want the buffalos.
@bandcreator28
I'm glad you see that, now it's hard to see. People don't see that money has the same supply and demand as anything else if there is lots of homes prices go down if there is lots of money the value goes down but you can only see it with prices going up.
You can do that test with so may things Cows is a good example the average cow has always sold for 1 oz of gold AND STILL IS! LOL
Sure it goes up a bit or goes down a bit but the average stays the same.
davincij15 5 months ago
@bandcreator28
Ice cream still costs 5 cents.
If you have 1 US dime minted before 1965 it's worth $2 right now.
Prices have not changed the value of the money has changed. ;)
davincij15 5 months ago
@bandcreator28
It's a metaphor, we don't print money anymore we just enter it on a keyboard thus it's digital currency not worth the paper it's not even printed on.
davincij15 5 months ago
@bandcreator28
Everyone's getting a printing press bailout that's an absolute.
davincij15 5 months ago
@bandcreator28
Your assumption prepossessing that those that have the knowledge will use it to prevent the inevitable, however those people are too few and they understand that comprehension takes time. Also remembering the what they taught is also a problem its easy to forget the truth. This is why people follow silver channels to remind them that silver and gold is money even when everyone else doesn't get it.
It's hard to believe the truth when everyone else agrees with a lie.
davincij15 5 months ago
@bandcreator28
A few have pointed out that this time we have the internet and can spread information quickly... this is true information can be spread quickly but understanding can not.
Even I took 6 months to understand and believe how the monetary system works because I did not believe that a gigantic fraud is our monetary system. It just did not seem possible. Even now I bet you can not comprehend the magnitude of my words and that is the problem.
davincij15 5 months ago
@bandcreator28
Yes but he will not be elected because of the human cycle:
"The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage."
This has never changed and will never change I have now realized it and I will no longer try to change it just survive it.
davincij15 5 months ago
@bandcreator28
The key thing to my conviction is... well imagine living 2000 years and in that time you see currency go to zero over 3800 times and each time the public thinks this time it's different or don't even bother to think about the currency but the results end up being the same. Gold and silver come back as money.
Now no one lives 2000 years however reading books on the subject mater makes you feel like you have thus you know the end result and NO this time is not different.
davincij15 5 months ago
@bandcreator28
1. You have to understand the dollar and our monetary system then you would not sell ether.
2. Waiting for the mathematical inevitability of the systems end.
3. Silver has been money longer than you, I, or the dollar has existed so everyone.
4. Who buys gold at $2000 when there is more gold than silver above ground? The real answer is more complex than this format will allow.
davincij15 5 months ago
Look at the silver chart. It had to take a breather. Metals trade just like stocks. Watch your chart for support levels for re renty if you were smart enough to sell in the mid to high 40's.
NowLifeStarts 8 months ago
I'm suprised you did not mention Obama!, Woops i mean Osama, after osama killed obama, errr i mean right after obama killed osama the price of silver at 50$ started to drop down to 32$. once it hit 32 i bought i hole crapload more and now its waving its way back up to 50$ haha lol.
Every time they print more and more silver certificates it drive the price down which drives the physical demand up. Fail on their part.
TheTrueJBV3737 9 months ago
@TheTrueJBV3737
It may seem like an epic fail but... All they want to do is buy time and it's working since most people do not know what you know... That is the banks and gov are gaming the system. So buy on the dips from the dips that sell.
davincij15 9 months ago
@davincij15 I just ignore the dips, where i live there is way to much physical shortage, i second i get my paycheck i instantly order about 75% of it into physical silver, sometimes they can not order as much, and ebay is to costly, buying from out of Canada is to costly.
If you see physical buy it, who cares just buy it before someone else does.
TheTrueJBV3737 9 months ago
The solar panel market in China alone would deplete world silver supplies in one decade if it continues at its current growth. The Treasury Department sold $24 billion in 10-year notes on Wednesday at a yield of 3.21%, the lowest level since November and a little lower than traders' expectations. Bidders offered to buy 3 times the amount of debt sold, versus an average of 3.01 times at the last four monthly quarterly sales of new securities
in short. the USD is gaining fake strength
fawkUtube 10 months ago
Ron Paul is a JOKE! AND silver is headed for a HUGE fall! I'm talking $25 an ounce, at least.
SILVER = FOOLS GOLD
AudiophileTubes 10 months ago
@AudiophileTubes
More silver for me and anyone else with a brain.
davincij15 10 months ago 6
@AudiophileTubes If silver falls to $25 an ounce I would of still doubled my money..who is the fool? But then again if it went down to $25 I will be happy to take that buying opportunity......Now what exactly makes Ron Paul a fool???
AmericanValues321 6 months ago
Thank you busy collecting and worried for a small moment - back on track now!!! Gold Ok to carry on with or not? Can´t buy much but every spare bit of cash is going into metals!
heddi57 10 months ago
Ron Paul announces formation of his exploratory committee for President of the United States and launches 2012 website(RonPaul2012DOTcom). The upcoming Republican debate is on MAY 5th along with a "Debate Day Money Bomb" . Please do what ever you can to support America's last statesman!
AmericanValues321 10 months ago
@AmericanValues321
I'm the guy with a Ron Paul poster on the wall and you have to ask? Me?
davincij15 10 months ago
@davincij15 lol.I know your a huge R.P. supporter but i really feal like we need to up the notch in intensity on promoting this money bomb..so do what you can buddy..I already know you do.
AmericanValues321 10 months ago
Great youtube video, I talk about silver/gold on my youtube channel as well.
Fitrade 11 months ago
Thanks for the honest assessment.
jeremyneilkelley 1 year ago
This has been flagged as spam show
CHURCHES and bibles BURNED and OUTLAWED, THREE years of PEACE then last THREE OF apocalipse, WW3, THE BIG EARTHQUAKE, METEOR hits OCEAN islands disappear, NO FOOD, NO WATER, CHAOS. RICH PEOPLE will CRY as money is seen in the streets LIKE garbage without value, GOLD AND SILVER useless AS NO ONE WILL buy without THE lithium cancer causing microchip. ALL BIBLICAL.
btim49 1 year ago
Hey Bud, I respect you for your videos. I have a question (3 actually). When do you speculate the selling point of silver should be? How to recognize it? and How to prepare for it? ... Thanks bud. This will help out a lot. Blessings!
MrSizzlingsilver 1 year ago
@MrSizzlingsilver
Got to the mall ask people how much 1 oz of silver is the day you find 1 person that knows the right price with in a dollar is the day we are close to that point to sell silver.
davincij15 1 year ago 2
@davincij15 So I take it you're saying that EVERYBODY will know practically?
MrSizzlingsilver 1 year ago
@MrSizzlingsilver
Yes
davincij15 1 year ago
@MrSizzlingsilver obviously once economic colapse starts n money is dropping like a on of bricks by then everybody will realise what cold n silver are worth alas many whould have missed the boat what little i have am keeping to buy food in an emergency
polygamous1 11 months ago
@davincij15 within a $100 hehehehheheh hahahhaha....
OtagoMark 1 year ago
@davincij15 one of the best answers i ever heard on u tube WELL DONE MATE
polygamous1 11 months ago
I find it so laughable to see a Black man with a Ron Paul banner.
If it were up to this asshole, you'd still be a slave - UNLESS IT WAS PROBLEMATIC FOR THE FREE MARKET.
I don't think FREEDOM should be left up to the free market even if the poorly written constitution says so.
ViolentWhiteMan 1 year ago
@ViolentWhiteMan
I am not going to argue an incorrect point you believe in. However will point out that you would rather support some asshole that would continue to let the Federal Reserve Print money and had it out to their white friends for free and you have to work for it.
Dude, Ron Paul is not enslaving black people YOU ARE! When you work for free you are a FUCKING SLAVE!
IF YOU GET MONEY FOR FREE AND OTHERS WORK FOR IT YOU ARE THE MASTER!
get it?
davincij15 1 year ago 6
@davincij15 Well said my friend. That was almost poetic. I hope the best to you and thanks for the info.
SurvivalWithBushcraf 1 year ago
@ViolentWhiteMan
Yes, FREEDOM should be left to the NON-FREE(dom) MARKET.
Talk about Orwellian word twisting here. This is what 100 years of government ran school gets you...
StrafingMoose 1 year ago
Comment removed
illoominate 1 year ago
Comment removed
illoominate 1 year ago
@ViolentWhiteMan Remember though, the true free market (the only one that matters to me anyway) is nothing more than individuals interacting with each other freely, without compulsion or coercion. Therefore, slavery is impossible in a free market.
illoominate 1 year ago
@ViolentWhiteMan
i would suggest from your ussername it is you that is the racist . if you had listened to rons words he thinks its ok for a black man to open a cafe and put a sign up saying no whites (black only cafe ect.) how is that somehow against blacks. ron is for making sure the gov do not tell us everything we must do . its not a race thing at all , you are obviously so short sighted you belive the mainstream media circus
silver is blatently under valued and the manipulation is failing
colsbi 1 year ago
@colsbi
FUCK RON PAUL... If what you say is true, THEN HE'S A FUCKING RETARD.
Glad he'll never be president. Or his lunatic son.
ViolentWhiteMan 1 year ago
This has been flagged as spam show
@ViolentWhiteMan You fucking moron!
achalmers 1 year ago
@ViolentWhiteMan You are a fucking idiot....shut the fuck up you racist bitch!
Bizz41 1 year ago
@ViolentWhite
Claiming ron Pauls supports slavery is ignorant. Have you ever listened to Ron Paul? Have you ever read the works of Philosophers and Economists he reads? If I may quote one of the original Libertarians and slave abolitionists. "A state of slavery is a state of war. and a Just war on the part of the slaves– a war for liberty, and the recompense of injuries." To the Non-Slaveholders of the South:A Plan for the Abolition of Slavery (1858) by Lysander Spooner.
xTAxGUNZ 1 year ago
Hmm, yes silver dropped today 0.76 cents, as a new convert to this metal, I think what you have stated makes sense. I get 'jittery' sometimes, to see silver taking so long to rally, but when one looks at long term 'stats' then gold today should be $5000+ not the $1000+ scenario. Yes I was lucky in the sense I invested in gold @ $230 an oz, Silver in my opinion after much research is not for the short term feint hearted, rather look upon silver as a 5 year minimum plan, one you'll never regret.
ziparmux 1 year ago
@ziparmux
True DAT!
davincij15 1 year ago
@Prethenie
I owe Ron Paul my life I would die for that man. He awoke me from my slumber in the matrix before his campaign I thought government was good and was just incompetent.
Truth be told the saying "When the student is ready the teach will appear" is what happened and I was ready.
davincij15 1 year ago
How do you understand / learn all about economy / money ?? wow... who taught you these things?
urkingod 2 years ago
Researched and learned on my own and was upset that the public school system and the colleges did not teach this stuff. I understand why though, who is going to teach a slave that believes he is free that he is a slave.
How are you a slave?
Well in short, the banks create money out of nothing, they loan it to government who uses a gun to force you to pay the banks interest on money they created for free. Thus the bankers are the master and you are the slave.
davincij15 2 years ago
When you truly comprehend what is going on you will feel like Neo when he was told what the Matrix was.
Henry Ford was right when he said...
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
The truth is some people would admire the scam the bankers managed to pull off and drive to accomplish similar goals as few industries have done over the last 100 years.
davincij15 2 years ago
interesting. I notice there's more and more a difference between "paper" and "real" silver. Silver is now less than $16/oz now, but do you know anyone willing to giving it up for that? More than likely, you'll still pay around $20 for Eagles or Maples.
derfowvayer 2 years ago
what is this the silver religion
eddiekoski 2 years ago
No, it's the understanding of money. Currently what you use as money is printed and given to the wealthy thus you work they do not. In other words you're slave.
Money needs to be something that does not allow one group of people to benefit by the counterfeiting (government and banks) and others to suffer as prices go up because the value of the money is going down.
davincij15 2 years ago
maybe so, but as a poor chap, is it not best to wait to see if the metal prices slip more ...
For instance if i wait a bit and the price drops, I can buy more..
Thanks for your advice by the way
majortom321 2 years ago
but what about now.
Dont you think right now its because of a loss of confidence and rush to sell.
and maybe the "dollar confidence" rose even if temporary
majortom321 2 years ago
Great update! Thanks!
gwapolaub 2 years ago
i remember thinking when i saw this vid that it just seems to be a never ending story - how times change - and how quickly!
stellaconcepts 2 years ago
Yes how true.
davincij15 2 years ago
New World Order is under the powers of the Jesuits, which is a military set up for the Vatican. Search Black Pope and NWO and you will really know whats going on!
mattandpatti222 2 years ago
He is a disinformant lies with truth. it works good, because you believe it! The Jesuits would take you out if you really were against them!
mattandpatti222 2 years ago
What the heck are you talking about?
davincij15 2 years ago
There is nobody up there really working for you! give me a break! this is the matrix. Ron p is mason in Texas! watch and see!
mattandpatti222 2 years ago
Remember in the bible when Jesus was casting out demons and the people told Jesus he was using the power of the devil to do so. He said in reponse to them you say that I cast out demons by the power of the devil or satan. But I say a house divided among it self cannot stand. Meaning if Ron Paul was a bad guy why would he awake the people to the Fed and the money scam. The Devil would never cast out the Devil
chadgresham 2 years ago
Ron Paul is for the rich! don't give him any credit- he is Illluminati puppet- go research please!
mattandpatti222 2 years ago
I do not agree.
davincij15 2 years ago
Our population is inflating, the planets resources are deflating. Inflation, deflation, your choice. Commentary, we are playing a fools game. For me, silver will do.
ehswan 2 years ago
what do you think, or know of Monarch Precious Metals minted Silver Bars ?
urkingod 2 years ago
Nothing use them at your own risk.
davincij15 2 years ago
The logic of the position gets worse. The implication of his argument is this: three banks, by taking short positions -- which have proved immensely profitable to them (which is why people speculate in the futures market) -- are behind the collapse of the entire world commodities market. It is not just the precious metals that have collapsed. It is the entire commodities complex.
tfrenn 2 years ago
That is true but how do your reconcile Record buying of silver and gold during the collapse causing shortages? How do you reconcile the fact that those positions exist in only gold and silver?
How do you reconcile the fact the both china and the gold ETF have 1200 tons total more gold in the last 3 months?
At the end of the day this truth stands:
"Gold and silver is money and nothing else." JP Morgan
davincij15 2 years ago
I like silver and made a lot of money on it during the late 1970's But there was inflation then not DEFLATION. GOT IT.
Record buying and the price collapsed ? What does that tell you ? You're betting on the financial collapse of the USA. and hyperinflation. Such was the prediction in the 1970's by a guy named Howard Ruff.: "Famine and Survival in America (1974)", He's at it again. Doom and Gloom always sell and Ruff knows this. You should write a book instead of being on YouTube.
tfrenn 2 years ago
I'm not betting on hyperinflation, I am holding money.
If eggs are $1 or $100 it does not matter to me I have real money that can not be devalued. You have funny money that will be devalued.
Finally you do not understand the definition of that word "Deflation".
Inflation is an increase in the money supply deflation is the decrease in the money supply. Both eventually affect prices.
Many things affect prices. What we are seeing is de-leveraging and over supply for real demand.
davincij15 2 years ago
Nice answer. You see, when I was your age I had a lot of fun with silver going sky high and I hope you have the same and if it does I'll be along for the ride. De-leveraging , a false demand in real estate, I see your point.
Was it not the credit markets that were de-leveraged or wiped out. Is this not deflationary ?
For example, if I can't get credit or a loan isn't that deflationary ? I lose purchasing power. It seems to me that the gov't is trying all it can to restore credit markets.
tfrenn 2 years ago
Real purchasing power is not from amount of credit you can get it's from production. If I produce X I can consume Y.
Credit creates new money into the system where people produce x and take dollars but do not consume. Those people are causing what seems like deflation because they are not spending. But the money supply has not gone down.
So governments force those foolish prudent people to spend their money by creating more.
davincij15 2 years ago
You know, another thing about holding true money like silver. Back in the 1970's it depended on when you bought silver. If one bought it at $50, they're still holding the bag. If one bought it at $4 they're all right. Timing is everything. Gold hit a double top and it must break above 1002.20 for a reversal. BTW if silver goes to $500 oz, what do you think gold will top out at ?
tfrenn 2 years ago
Gold should top out at $5000 - $6000.
davincij15 2 years ago
Paper money and credit act the same way except for one thing. Paper money in hand can't be destroyed. Credit can be instantly destroyed, just ask anyone who had their credit card canceled thereby decreasing the "money" .supply, their purchasing power and causing deflation. Is this correct ?
tfrenn 2 years ago
The problem is that credit on a line of credit does not enter the money supply numbers until it is spent.
You see easy credit is what drove the economy the fact that you can borrow (create money) and spend was the engine.
That's not real wealth as you did not work for it, thus you have increased the number of dollars with out the increasing the number of goods and services.
This applies even more so to government spending as they produce nothing. Compared to a private worker that borrowed.
davincij15 2 years ago
"Can money produced by Quantitative Easing be viewed as financial capital?"
No it cannot.
QE seems to me to be a violation of "no free lunch". It seems to me that we are attempting to create "store of value" via the output of a printing press. My question is whether or not the output of a printing press has value. If it does, then we should just continue printing infinity. If it doesn't then it is merely the modern equivalent of "coin-clipping".
This is why we hold silver and gold.
davincij15 2 years ago
Good point. How do you think everything will play out ? Deflation first, then inflation ? Or will everything just collapse ?
tfrenn 2 years ago
If ten people want item X and only 2 of them can pay with their own money and 8 of them do it on credit. Next week the same thing repeats, however in week 3 credit drys up and the maker of item X only has 2 buyers and 10 items of X.
Now if the X maker reduces his price because inventory glut is that deflation? No!
So if everyone has the same problem is that deflation?
This will end when the people who have money will wake up and then an event like Iceland will happen. Study it.
davincij15 2 years ago
Your comments are more than welcome here because they strengthen the truth for those seeking it. Anyone willing to use Google to look up your facts and my facts will see truth staring back at them.
If I don't see you again, good luck to you sir in all your endeavors.
davincij15 2 years ago
The truth is that silver is in a bear market.
tfrenn 2 years ago
1. Gold has no industrial purpose because it is money, in your world the all of the central banks that who have 75% of the worlds deliverable gold are crazy. You believe they should own oil instead.
Silver has over 10,000 industrial applications and growing.
2. There is only 1 billion above ground ounces compared to gold 5 billion. The Hunt brothers failed because the COMEX rules changed preventing them from increasing there long positions.
davincij15 2 years ago
man you almost convinced me to stop buying silver with that commentary...
orangedac 2 years ago
Then you should stop buying, if you think silver is not manipulated.
davincij15 2 years ago
Watched it twice and couldn't understand it. I think what you're saying is that physical silver is a good thing to buy. Agreed. :)
drutter 2 years ago
If you're not confused by this explanation, it's because you're not thinking clearly.
marketwatch101 2 years ago
It's written down click the link in the side and read it, see if that helps any.
davincij15 2 years ago
Hmm...?
jdfox1 2 years ago
Why is Apmex selling for 1$ over spot is the question? This Apmex sale is good for Friday, Saturday and Sunday, Mostly when the market is closed, that is no coincidence. My guess is that Apmex has inside information that Silver's spot price will fall lower soon and wishes to unload bulk inventory now! I would wait for lower prices. Do not underestimate the effects of market manipulations.
naccibobacci 2 years ago
I think I agree. That was my thinking too and why I passed on the sale this weekend. I just bought some small gold off Ebay. I think silver will be done with its freefall within a month or so though, and after that we should go up up up and away...I hope :)
kenandjasha 2 years ago
I know it's hard I'm sure you have some doubts you grew up with paper money seeming to work.
Each person I reassure I know something about them that I use that knowledge to provide them with an answer that would work.
I don't know your girl friend so I don't know what would give her confidence.
Start with this video...
watch?v=LFRxiX0pQl4
watch?v=1LajuETlDmA&NR=1
The point out how the Government is spending 4 trillion ever 4 months and the Federal reserve is creating 1 trillion a month.
davincij15 2 years ago
Wasn't the sell off due to CPI data?
ILovelisanova 2 years ago
If I sell something I don't have for whatever reason will it not affect the price? This the "sell off" that occurred no one sold real silver. If you could afford a 1000 oz promise to pay silver and asked for delivery you would not get it you would only get an IOU silver. Now is that silver? Yet that set's the price you see every day.
davincij15 2 years ago
One thing I've never been sure about is where best to buy silver. I'd like to get an assortment of certified small bars and "junk" silver. I have no interest in silver certificates, only the physical metal.
I know Ebay is overpriced. My local coin shop only sells numismatic gold/silver coins. Any suggestions?
(I know, I'm a noob. :p)
Amy31415 2 years ago
I do not believe Ebay is over priced. I find very good deals on Ebay. Google coin dealers close to your area. Chances are there are several. Visit them all. pick the best of the lot. Develop a relationship with the owner and begin buying. Most all coin shops also have Silver bars in various weights as well as Silver rounds both of which trade lower than minted coins. What I find right now with my purchasing is that 1 oz. rounds sell for 3$ over spot and minted coins sell for 5$.
naccibobacci 2 years ago
that sounds about right , for me too at the local shops
bobbybubblehead 2 years ago
This has been flagged as spam show
Hey ya'll check this out.... eh....eh..
watch?v=iSV7jVOjIwQ
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tonapah141 2 years ago
YOU ROCK!
janien37 2 years ago
Doom sells, keep at it.
marketwatch101 2 years ago
The another question I've been thinking of is what would be the consequences if PM skyrocketed. the interest rates would have to go high, bonds won't sell, dollars won't be a reserve currency, which would result in more serious problems.
So next question is if the government will let that happen? I don't see why they would. So the PM price can't go up, as simple as that. Forget about the supply and demand. Anytime if you're doing something that goverment doesn't like, well, good luck.
GoldSilver588 2 years ago
Well based on your logic we should not grow own food because the government does not like it...
HR875 S425 Criminalize Organic Farming
If you want to live obeying your government, well, good luck.
davincij15 2 years ago
Why is someone who's name is GoldSilver so bearish on its future? Are you an Anti-Silver agent sent by J.P. Morgan? You have it backwards, the reason we own Precious Metals is because the U.S. is debasing the Dollar to the degree that it is inevitable that it will loss is standing as the reserve currency. We will suffer massive inflation. U.S. bonds will be toxic and the government be forced to raise taxes and interest rates in a desperate attempt to mop up all this excess liquidity.
naccibobacci 2 years ago
Charts suggest Silver could go lower...2-3 bucks or so to the high 9's.......also, chars suggest it could go higher afterwards....500 bucks or more. See you guys this Autumn....go back down to mid 7k area in dow...could go to 9, 10, or even 11k in DOW...then see you in DOW 3k area. Bond market collapse? All of this seems to be a matter of time. Trust in the LORD Jesus Christ. Get food, protection, and eternal savation in Jesus who's shed blood clenses us from all sins if we accept HIM!
genupe9 2 years ago 2
Keep buying people. Silver at $12, $10, $8 per ounce - I don't care. The end game is to be holding it when it pops $25, $50, $100 per ounce. It may take time but it WILL happen. Buy more and do not react to emotional b.s.
clearasvodka 2 years ago 4
Check my peak oil and possible out come,its happening to a T. 150 oil, High gas and food, losing jobs, forclosures, home less.Share market collapse.All we need is the civil unrest. Sure demand dropped as recession hit.But another recession will hit as economy picks up and oil rockets up again.
More expensive to extract silver when oil is over 100 a barrel.
Hope silver batteries take off for the hybrids.Recycleable but 850 million cars would use a lot of silver
keithholden 2 years ago
Stocks up, no need for hedge. Money moves out of silver and into stocks.
Elliot wave 5 up 3 down, from mem, $8.20, if it breaks the $11 barrier, David morgan subscriber says, $8.50 silver.
Gold next resistance 850 then 800 elliot wave suggests 620ish.
Moran subscriber says back up in August.
I think shares will crash in October same as 1929 same as 1987 one week out last year of oct.
Sell in may and go away, seasonal low.Low industrial demand.
Buying oportunitiy just wait
keithholden 2 years ago
Yeah and I get if that happens silver and gold will go to zero. Why? Because no one will buy a promise of gold and silver that sets the price, when the real deal disappears. This has happened before and will happen again.
Just in case you can't see it that means gold and silver will become official priceless. Unofficially there will be no uniform pricing as ebay prices go all over the map as people desperately try to buy.
davincij15 2 years ago
You are very very smart! Isn't it possible, though, for these masters of the universe at Goldman to just keep on manipulating using their paper silver derivatives? How will we know when their game is up? In the meantime, I am buying more physical as a store of value.
clayvessel 2 years ago
haha come on. I personally wouldnt care if silver would be trading at 4 dollars again. Why? Because the western currencies are totally doomed and the dollar is worth shit. Why should i value a great investment in a doomed currency. I value silver against supply/demand, gold, housing, stocks, industrial usage. Would u care if your silver price in pieces of shit plunged? HAHAHA The damn annocement of imf to sell 12 billion in gold was the reason people went short.
Mongodelight 2 years ago
I would point out that agents from these very same banks conducting the short selling cruise these Silver forums collecting information and disseminating misleading information in an attempt to undermine our cause. Stay strong.
naccibobacci 2 years ago
Ouch.. my silver is taking a hit.. :(
kenji4861 2 years ago
If prices go up for the things you need to by do you say, Ouch my dollars are taking a hit? Wait you silver money will get more value, you can't say that about paper money in the long term.
davincij15 2 years ago
"It will happen in the first half of the next decade. "
Man, I hope we have that much time. I do. But somehow I cannot afford to time it wrong. If I miss this chance to load some PM, which will be critical for future survival, I'll be washed away by the mega economy tsunami AKA USD hyperinflation.
dlmaniac 2 years ago
I read that report the other day and it has really helped me to understand what is going on. I am now going thru his archives.
my1956effie 2 years ago
Well, again I wouldn't blame it all to manipulation. The factors that would otherwise drive the price of silver are not there or have gone. Inflation is no longer a concern until years later. Stock market is having a strong rally which has sucked money off PM. Economy is showing the signs of recovery which makes PM less attractive, etc... The 10 reasons Theodore has put in his latest article for longing silver, don't sound solid to me. I'd be cautious in buying more silver, at least for now.
GoldSilver588 2 years ago
Disagree.
naccibobacci 2 years ago
based on what?
Illuminated7 2 years ago
Strength in U.S. Equities are due to a combination of factors; pure inflation, repeal of "Mark to Market", U.S. Treasury Dept. purchasing it's own Treasuries, Combined Gov. and Media propaganda as well as massive short selling of Gold and Silver to drive down prices and give false strength to the Dollar. These are magic tricks and manipulations. The fundamentals of Silver are strong as an Inflationary hedge, as a industrial commodity as well as currency should this house of card collapse.
naccibobacci 2 years ago 2
Examples and links to documents showing causality. You can wait 30 days so you can put on the 20/20 glasses of hindsight to prove you case.
davincij15 2 years ago
I didn't really want to mention it, but look back of your videos when you suggested to buy silvers, prices mostly came down after. So in your case, it's been proved you've been wrong again and again.
Having said that I'm not saying you will be wrong in a long run. But timing is crutial, just because price will for sure go up in 20 years, doesn't necessary mean we need to rush in now.
GoldSilver588 2 years ago
Short term market fluctuation are very hard to time especially in so volatile an economic environment on such a dishonest playing field.
naccibobacci 2 years ago
I'm not selling as a matter of fact, I was thinking about making a swanky silver eagle halter top so I could wear my silver to the club, because that's how much I adore it:)
CosmicDramaQueen 2 years ago
Power Vid, Dav, All right!
BLynchCAN 2 years ago
It's amazing that you can't recognize a bear market when you see it. If you knew how to read elliott wave charts you will see that silver is headed much lower and will be lucky to bottom at $9.
marketwatch101 2 years ago
Its amazing you could buy mini contract of silver and gold and get delivery for 40 years and now you can't. BECAUSE you believe people don't want it.
Now people are buying promises of gold and silver they are unable to get and it sets the price. So you can sell it and never deliver, do you need a brain to see what that can do to the price if people can sell and not deliver?
davincij15 2 years ago
Yes, I see. I guess it's the short interest you are referring to. However, the proof is in the pudding.
You maybe right about silver going much higher but timing is everything in such markets. In any event, silver has just broken its 200 day moving average, not good. In fact, this is so bearish that there is virtually no downside support. Right now, the action is in stocks.
marketwatch101 2 years ago
Technical analysis and reality are two different things.
What does that mean?
Well reality is silver is manipulated bar none case closed. That means the readings you are getting does not jive with reality, people are buying the physical and having no affect on the price in a positive manor.
I can not convince you of this in a comment you have to start with articles assume they are lying and take the painful rout of validating their assertions.
davincij15 2 years ago
What does the Perth Mint pay for silver bullion ? That's the real price.
marketwatch101 2 years ago
You know the government can decree that items should be priced at what they say it should be and it works for a little while but what eventually happens?
Shortages. No that does not mean you run out of products just that the product becomes harder to get.
We seeing that as the CRIMEX prevents people from taking delivery of mini gold and silver contracts, no other commodity has this problem.
davincij15 2 years ago
it's "jibe" not "jive". ;-)
kensho3 2 years ago
BTW if this continues gold and silver will trade to almost zero.
Physical price will be another matter.
davincij15 2 years ago
Pure paper speculation of silver contracts. Artificial underlining commodity of silver and endless shorts relative to longs positions which means you don't have to own silver to make a contract to sell it. It is almost exactly like fiat money. I call it fiat silver. I'm buying physical at these ridiculous prices because in the long run which my definition means more than 1 year is the best way to approach physical silver. P.S. $9.50 or below gap needs to get filled to secure long term low!!
formulaprimer 2 years ago 2
the false dollar is not a good basis for Au or Ag values. Really, for example, do any of you think oil is only worth the $50/ barrel the flat-bottomed fiat says it is? even with "19 year highs for crude supply"--think how low Ag price would be in an actual market@ such high supply, yet we are at comparable LOWS in supply for this metal! A real piece of work....I guess the elites wanna secure their ponzi dollars in high ratios of Ag before the SHTF! Follow suit I say...
axishans 2 years ago
All right, every time I bring up the option of purchasing silver to my parents, my mother changes the subject or just walks away. My father seems receptive to the possibility, but won't commit to anything unless my mom is on board. I thought today with the low prices I'd be able to get a committal, but once again, just the brush off. Should I just give up or is there another way I can convince my mom? Any suggestions from anyone is welcome.
lukeedwardsimmons 2 years ago
some people just don't want to hear that things my go bad. I would try to be positive about owning silver. try talking about how it will always be worth something and that as a long term investment its more stable then the stock market.
Also, I would not tell them to put all their money in (even though I think they should) but I would bring up buying a little at a time, and once they get those shiny coins in their own hands I think they would be more receptive.
hope this helps!
celtg 2 years ago
Pull out each denomination of a FRN the 1,5,10,20 etc and then look up what each of those people said about paper money.
You will find plenty of data there.
Point is you will have to come at them with different angles.
Try letting her hold a silver and gold coin.
Tell her you are not going to give up until she pays attention to you and buys 10% of their savings in physical PMs.
davincij15 2 years ago
Watch this vid:
watch?v=ccMJclKpBQI
It shows modern examples of hyperinflation: Weimar Germany, Argentina (a once-wealthy nation whose name is derived from Spanish for silver), and Zimbabwe (currently in hyperinflation). If you can get her to watch, even better, but you will see the historical fate of fiat money in fiscally irresponsible nations, like ours.
In each case, PMs were (or are) the only money worth having.
Hope that helps! =^[.]^=
Raycheetah 2 years ago
I'm loving this "downturn" it just means I can buy more silver!
celtg 2 years ago 4
i was getting alil scared, but watch the stelaconcept video he made today and it made me at ease haha i just bought 10 more 1 onza mexican libertads ley .999 baby
Daniyoyo 2 years ago
I just bought 40 10-oz Morgan bars @ $0.89 over spot.
Yippee! I am now about 50% invested in precious metals!!!
meccagirl0 2 years ago
i am like 79%, the only cash i have is to get gas and fast food. haha the rest is metals..it sucks cuzz i want to buy somthing and i be like o shit, all i got is silver ahha so i wait till my next check and buy it haha
Daniyoyo 2 years ago
mate, I could care less how low it goes.
btbking 2 years ago
Daniel at "vision victory" thinks we could see $9.00 in a while.
RETIREMESOON 2 years ago
dont u dare speak that devil worship ahhaha
Daniyoyo 2 years ago
Silver is rarer than gold above the ground, 6:1 ratio in the ground. Its got to be the most undervalued commodity out there.
boots920 2 years ago
I think silver is worth $120 per ounce now.
Caitanyadasa 2 years ago
yeah, the free market let it do it business, it should be around 125 dollars an ounce, that would fix the supply and demand problem with silver
Daniyoyo 2 years ago
Dont forget sales tax any amount under $1000.
Steven6229 2 years ago
Silver and gold is non taxable in the US. Until you sell it.
formulaprimer 2 years ago
yeah as long as the amount you buy is over a thousand dollars then you dont get taxed.
Steven6229 2 years ago
Is it anything like how youtube manipulates the view count of some channels?
Caitanyadasa 2 years ago
Thanks davinci
Tina
whiskerchild 2 years ago
No problem
davincij15 2 years ago
Someone said that silver and gold are THE arch enemies of fiat (paper) money. I am convinced that our corrupt American government is holding down the price of precious metals. Through its agencies, the SEC and the CFTC, the government is manipulating the price discovery mechanism of the COMEX. It's occuring intentionally and with aforethought. Buy and hold while prices are being manipulated to low levels.
budb11 2 years ago 5
I will be buying!!!!
videolover61 2 years ago
1 dollar over spot? Really?
DEMCAD 2 years ago
They had Buffalo rounds earlier when I checked, but they ran out of those. Check out what they do have.
amfanman 2 years ago
I know!!! I went to buy some but I had to leave and when I came back they were sold out!!! I was bummed... but I did get some 1oz rounds so all is good, though I did want the buffalos.
celtg 2 years ago