Silver 2011 and beyond

The fundamentals of silver are simple. There is only a finite amount and more and more people need it. The price has been suppressed for over 10 years now. It is about to to explode. Grab your piece of the pie before it is taken away.

Category:

Education

Tags:

• Silver
• silver manipulation
• China
• $100/oz
• silver prices economic

[cloudskipper40]

So then why is silver so low!?!?!? It dipped to $26 last week! Everyone was calling for $60 silver by the end of 2011,...and it is no where near that. What is going on with silver and gold?? If the euro and greenback is collapsing then why to gold and silver continue to drop?

[nanabijou62]

@cloudskipper40 It's $27.66 at Friday's close, and it will climb again. At the moment the market is issuing silver and gold certificates like Christmas candy. There is no way anyone can buy physical silver at $26 or $27 /oz. If you can, let me know and I will buy a bunch of it. Most places have increased their premiums to about $4-$6 above spot price. So the real price of silver is about $31-$33/oz. Bank of America stocks were around $54.50 in 2006 and is now about $5.56/share.

[cloudskipper40]

@nanabijou62 Ok I hope you are right. It just seems like everyone was hyping silver so much in 2011 and now it is the same price as last year. As far as your comment about buying physical silver,..I think the key is to buy sterling silver coins. In my city there is a coin store that sells them for the EXACT spot price, plus a mere 7% commission. No premium, no sales tax,..and no capital gains tax when you sell them.

[nanabijou62]

@cloudskipper40 That is a great deal! If I were you, I would continue to stack silver and buy from that seller. He is doing you a fantastic service. Keep stacking!

[nanabijou62]

@cloudskipper40 From what I hear from my sources, silver will flatten for the first quarter of 2012 and then slowly start to rise again.

[Gyva02]

you bet your ass I got my silver... :) I'll sell it for $1000+ an ounce maybe more once the masses realize theres less of it than gold :) Thumbs up if your holding long for $500+ an ounce

[nanabijou62]

@Gyva02 I don't plan on selling EVER!. Unless I am in desperate need to liquidate.You just borrow against it, use it as collateral. If the interest rate is less than the yearly gains made by silver this is the best stradegy. Once you have accumulated wealth, you really don't want to sell it. This is how the wealthy dynastic families have been doing business for centuries. Only sell if you need to sell.

[JIMMY1985ENGLAND]

@cloudskipper40 They manipulate the price of precious metals, if we have stronger GLD & SLV then it shows weakness in the economy, they dont want this. Also the price you are refering to is based majorly on the paper value of GLD/SLV traded as ETF's etc. There is only so much they can manipulate the free markets, until one day bang ther system implodes and they slowly lose control, this is happening now!

[Mongodelight]

JP Morgan is manipulating the price of silver down, they do it like no tomorrow. The point when they will not able to do this anymore, because people demand physical delivery, silvers price will shoot up to 500-1000 in just a few month. But very few people will be able to get their hands on any silver. I feel sorry for all these people that dont understand supply and demand / the price discovery mechanism. I guess many of those nay-sayers will melt into tears for missing this opportunity.

[cloudskipper40]

cont from above -- The only place where I can buy .999 silver without having to pay all those things is Mexico. I am not going to tell you the name of the coin store until AFTER I finish buying all his stock lol. Obviously I would prefer .999 silver over .925 but when you add all the extra costs I honestly believe it makes more sense to buy it in sterling.

[Mongodelight]

fixed deposit over 5 years is a great option! You get great returns and you cant spent your money on stuff you dont need. After 5 years you have a lot of cash for free.

[Mongodelight]

The dollar is the only safe haven. You will loose your money investing in these stupid metals. The bubble has popped, its over. In a deflation, cash is king, Everything else crashes. Sell your metals now and buy some government bonds and put the rest in the bank. Be safe.