Posted on 11/16/2010 8:57:56 AM PST by RandysRight
SM crashing rapidly!!! Watch this simple video to understand why buying even a 10th oz of gold would be wise. Even though gold is going down as appearing the dollar is going up in value, dont buy into it. Its only a paper game.
http://www.youtube.com/watch?v=0TkFnL0HtL4&feature=player_embedded
https://www.learcapital.com/qry/storefront.taf?_function=detail&_storetype=Coins&_product_id=173&_nc=f9ab17ec57c98a5f93098827e32dc8e8
I think that Americans are exceptional and enough of us are awakening now, that we can survive these evil times and once again live the dream. I think that if the dollar collapses and those welfare checks and EBT cards stop paying off... cities will burn and anarchy will reign. I pray for the first and prepare for the second... and if something happens in between those things... I am prepared for that too. You know... once upon a time, a long time ago... I was a serious scout and it stuck.
LLS
“What is the spot on silver right now?”
Probably among the faster-refreshing sites (and a good source)
www.apmex.com
I had bought the rands at 400 and then gold dropped bad, it took quite a few years before it went back up to 400, then it seem to start upward kinda fast.
I wouldn't buy gold now, the time was a couple of years ago...like all things, it will drop again....but silver is a hobby not an investment..poor mans gold...
I will not sell my silver until the US is in financial balance. IOW, I don’t expect to sell it in my lifetime. Maybe my kids will, but not me. Well, maybe if it hits $100......maybe.
Try next year. Silver is so undervalued right now it's not even funny.
Wonderful, another one using FR as a way to advertise for free.
Gold is the money of kings
Silver is the money of gentlemen
Barter is the money of peasants
Debt is the money of slaves
One aspect: Shouldn’t say “never”.
One way to make the price go higher is to sell some.
Just like one way to make the price go lower is to buy some!
There is, IMHO, only one completely incorrect view wrt silver. And that is, that the silver you have is precious; that it is irreplaceable. It’s not. I have rolls of silver quarters, for example, that I gathered by convincing the gals who worked the cash registers at my junior high school to segregate out for me, in 1965-1966. I got those rolls 75 cents, $1.35, $2.25 at a time, day by day. Those quarters are completely indistinguishable from quarters I bought at a coin show a year ago.
There will come a point when silver and gold enters a frenzy or a short squeeze. It’s likely to be short-lived. Think of internet stocks circa Y2K. Only a VERY, VERY few will realize the prices achieved at that peak, because most will be too greedy to sell. You don’t have to sell ALL. You don’t even have to sell MOST. But my advice is: don’t be afraid to sacrifice a few virgins along the way.
If you read stories about the $50 price spike silver underwent in the 80’s, there are some interesting stories. If you know about silver dollars, for example, you know that out of about 55 years and 5 mints of mintage, there are only about 15-20 really rare dates. It was this way in the 80’s, too. Common date SDs were worth $2.50-$3-$4. With silver at $35, never mind $50, those SDs were worth $26, about 3/4 oz ea. People brought them to refiners literally in wheelbarrows. Along with kilotonsof sterling forks and spoons. The refiners got overwhelmed, and, at the same time, knew it was only a temporary mania. So they would not accept any more after a short while.
On a very micro scale; how many sellers do you think achieved the $29.20 sell price silver hit the other day?
[hint: a very small number] Now, silver is suddenly 12% lower. I am not saying you or I can catch those moments, I am saying that if you REFUSE to sell, you will NEVER catch such a moment.
The story:
http://www.silvertrading.net/custom2.html
In short, IMO, you’re doing the right thing. But don’t think there’s anything special about your silver versus all the other silver in the world. It has a price and can be bought. Don’t be afraid to sell or buy a few coins once in a while.
:O) Never heard that one before. But I think barter is a way to avoid the governments greedy hands....so I guess I am somewhere between a peasant and a gentleman...LOL
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