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To: Ernie Kaputnik

Silver is not the place where governments go. You will see it move when retail investors cannot afford gold.

But silver moves like a whip saw. I would not jump in to trade unless you have the time to babysit and an exit strategy.


9 posted on 08/09/2011 4:16:12 AM PDT by Vermont Lt ("Will No One Rid US of This Meddlesome Priest?")
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To: Vermont Lt
I think gold is already unaffordable. You can not buy it economically in a small enough quantity that you can dispose of it without having a report of the transaction sent to the IRS.

I have been buying silver for a short while (not long enough or quickly enough, obviously in light of obama’s bankruptcy filing for the country.)

I own some gold, but I will not be able to sell it, and can not trade it for groceries.

To date, my silver is in small enough chunks that I should be able to dispose of some, if needed, to buy groceries (and ammunition) without the obama administration being notified of the transaction.

My exit strategy is to hold forever (which for me is probably not too long), convert some if I need to, and otherwise, let my sons worry about it.

11 posted on 08/09/2011 5:11:06 AM PDT by tdscpa
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