| Author |
 Topic  |
|
|
Nickelless
1000+ Penny Miser Member
USA
1340 Posts |
 Posted - 09/10/2008 : 18:28:30
|
|
I just got to thinking, most of us on here are grabbing all the PM we can as prices keep dropping because we're looking much longer-term at the demise of the dollar, but do you think there will come a point if the downward manipulation of silver prices continues for a while that a lot of people will decide they'd rather cash out for FRNs instead of holding on to real money? If this happens, wouldn't that depress prices even more and make things even rosier for buyers, at least until the market manipulation is finally dealt with by the feds?
|
Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com |
|
|
longhorn
Penny Sorter Member
67 Posts |
Posted - 09/10/2008 : 19:04:06
|
| Nickelless, seems to me that the current freefall in silver and gold have much more to do with many of the big money managers moving thier clients money out of all commodities than the decisions of traditional pm investors. As such I expect a big fast turnaround ...someday... if I just knew when, ahh. Meanwhile they keep liquidating. |
Obey Gresham's Law |
 |
|
|
Ardent Listener
Administrator
USA
2625 Posts |
Posted - 09/10/2008 : 19:29:06
|
quote:
Originally posted by Nickelless
I just got to thinking, most of us on here are grabbing all the PM we can as prices keep dropping because we're looking much longer-term at the demise of the dollar, but do you think there will come a point if the downward manipulation of silver prices continues for a while that a lot of people will decide they'd rather cash out for FRNs instead of holding on to real money? If this happens, wouldn't that depress prices even more and make things even rosier for buyers, at least until the market manipulation is finally dealt with by the feds?
Not only are people going to cash-out but many are not going to want to even look back at silver again. Nothing like buying into silver high and watch the floor fall out from under you. Especially when they were told so often that silver was a "sure thing". Perhaps it is long term, but just tell that to the new investor and his wife who thought he had it all figured out that the dollar would be toast by now.
I don't think the Feds will deal with any silver market manipulation. Either there isn't a silver market manipulation or they, the Feds, were the ones who planned it. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for entertainment purpose only. It is not the intent of realcent.forumco.com to provide investment, medical, legal or tax advice and nothing posted here should be considered to be so. All rights reserved. |
|
|
|
Copper Catcher
Moderator
USA
594 Posts |
Posted - 09/10/2008 : 19:48:38
|
If you thought silver was a good deal at $15 or higher then you need to trust your gut. Keep your eyes open and read all you can. If you still want to buy some more, go for it. But forget market timing and trying to buy at the lowest, if you can find it that is without having to pay out the nose for it. Regardless, if you are treating silver as a real investment and not something that just makes you feel good then you need to have an exit plan i.e. a point when you willing to sell and walk away.
If you have silver just to make you sleep better at night that is fine too. Just keep it in a safe place!
|
DISCLAIMER: The opinions expressed in this message are those of the author and are considered for entertainment purposes only. It is not the intent of this author to provide legal, investment or medical advice and nothing posted here should be considered to be so. You are advised to seek independent counsel to act upon any laws discussed in this communication. |
|
|
|
wagsthadog
Penny Pincher Member
USA
191 Posts |
Posted - 09/10/2008 : 20:55:02
|
Hi all-
Dollar cost average is the name of the game!!
Nothing has changed in the fundamentals of the Us doller and deficit. The same people who are running from Precious metals are the same ones who will run back.
Then I'll put on my Snidely Whiplash hat and charge them up the ying yiang!!!!!
Nyawh Ha ha!
wags |
|
|
|
kieblera5
Penny Collector Member
USA
331 Posts |
Posted - 09/10/2008 : 21:00:46
|
| If you can find PMs at a decent price... BUY! you can always sell on eBay right away for an instant profit. These current prices dont seem to apply there. |
Democracy is being allowed to vote for the candidate you dislike least.
Never argue with an idiot. They will drag you down to their level and then beat you mercilessly with experience.
An Obama nation is an abomination.
There's more money in one cent than in a dollar bill. |
|
|
|
wagsthadog
Penny Pincher Member
USA
191 Posts |
Posted - 09/10/2008 : 21:02:15
|
| Sorry , DOLLAR. |
|
|
|
daviscfad
Penny Pincher Member
179 Posts |
Posted - 09/10/2008 : 22:05:40
|
quote:
If you can find PMs at a decent price... BUY! you can always sell on eBay right away for an instant profit. These current prices dont seem to apply there.
I agree they think silver is 20 an ounce there |
|
|
|
daviscfad
Penny Pincher Member
179 Posts |
Posted - 09/10/2008 : 23:15:15
|
| I wonder if when silver reaches 20 again it will be 30 on ebay |
|
|
|
TenBears
Penny Hoarding Member
873 Posts |
Posted - 09/11/2008 : 08:17:15
|
quote:
Originally posted by wagsthadog
Dollar cost average is the name of the game!!
This is the way to go in silver, and then hold it forever. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
|
|
|
|
horgad
1000+ Penny Miser Member
USA
1349 Posts |
Posted - 09/11/2008 : 09:42:46
|
The big question has always been and remains, not if the dollar is going to 0, but when the dollar is going to go to 0. All fiat currencies throughout history have gone to zero. The US dollar will be no exception and it is showing many signs of its "old age".
However unlikely it may seem, there is always the chance that we could pull out of the current dollar crisis and the final crisis is delayed for a year or two or even another decade or two.
So, you not only have to prepare for the crisis, but you have to have staying power. If you shoot your wad or go out on a limb preparing for the crisis and can't hold on indefinitely, there is a good chance you will be wiped out by a counter move like this and possibly be left unprepared when the final decline starts.
Right now the powers that be are doing everything that they can to rescue the dollar and frankly the results are spectacular. At this point two things could happen. One, the rescue works, confidence is restored, and the crisis is delayed for some number of years until the dollar is once more challenged. Two, the rescue fails and the failed rescue attempted becomes public knowledge. Panic sets in, further rescue attempts are made but have little effect, and end game begins...
All IMHO |
|
|
|
horgad
1000+ Penny Miser Member
USA
1349 Posts |
Posted - 09/11/2008 : 09:47:27
|
quote:
Originally posted by TenBears
quote:
Originally posted by wagsthadog
Dollar cost average is the name of the game!!
This is the way to go in silver, and then hold it forever.
Agreed... Hold it until you retire or until you absolutely need it and if you never need it pass it on to your kids along with the knowledge to appreciate the difference between real and fake money. |
|
|
|
JD4x4
Penny Sorter Member
USA
51 Posts |
|
|
Cody8404
Penny Collector Member
USA
340 Posts |
Posted - 09/12/2008 : 13:37:22
|
When you talk about the dollar going to zero so far in this country it has been a long drawn out effect. This downward started in 1913/1933 and has been going on ever since.
So far this march to zero the FED has let people build bigger houses, bigger cars and get fat and lazy. For the past sixty years you rarely hear of people in this country starving to death or many other poverty related items.
I really hope the FED can keep up the prosperity until after I and my children are long gone.
In reality I think a small depression and famine every generation, like most of history, leads to a small revolution about every generation and makes people respect having food and freedom.
I think we are in a different boat. The last depression and famine was the great one in 1930’s. This one was so big because the one before had been forty years before. We have not had a successful regime change in this country since George Washington left and the two parties took over and have traded back and forth for the past two hundred years.
I expect the next depression and famine to be bigger than anything ever seen before. I expect revolutions around the world. The problem is the people who control the world know these revolutions will happen and they are ready with dictators to take over from the democracies.
When will this happen. I hope long after I am gone. Selfish I know, but I hope to live a few more years and don’t think these things being put off that far.
|
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
|
|
|
DesertTumbleweed402
Penny Sorter Member
USA
86 Posts |
Posted - 10/01/2008 : 22:22:57
|
| My hopes, and hear me out, is that silver goes down to $4.00/ounce so that people sell off and I can gobble up as much as possible before it rises again. |
I enjoy taking long walks off short piers. |
|
|
|
moboman
1000+ Penny Miser Member
USA
1332 Posts |
Posted - 10/01/2008 : 22:30:28
|
quote:
Originally posted by DesertTumbleweed402
My hopes, and hear me out, is that silver goes down to $4.00/ounce so that people sell off and I can gobble up as much as possible before it rises again.
Or you pay a $15/oz premium.
Everytime silver spot goes down premium goes up....Hmmm.. |
I have a hard time resisting the temptation to take a wheat penny out of the take a penny cup when I see one! |
|
|
|
Delawhere Jack
Penny Hoarding Member
USA
515 Posts |
Posted - 10/01/2008 : 22:31:19
|
quote:
Originally posted by DesertTumbleweed402
My hopes, and hear me out, is that silver goes down to $4.00/ounce so that people sell off and I can gobble up as much as possible before it rises again.
Yeah, $4.00 spot would rock, but who'll be selling?  And how much over spot will they want?
It'll take a freakin' miracle for spot to get that low, and a return of the free-credit-for-all-orgy, for an extended period, in order to see anything close to $4 silver.
I like dreaming too, but don't hold your breath on that one... |
"Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion...when you see that in order to produce, you need to obtain permission from men who produce nothing...when you see your laws don't protect you against them, but protect them against you...when you see corruption being rewarded and honesty becoming a self-sacrifice...you may know that your society is doomed."
Ayn Rand, from Atlas Shrugged
|
|
|
|
DesertTumbleweed402
Penny Sorter Member
USA
86 Posts |
Posted - 10/02/2008 : 20:26:50
|
| Sometimes you can find great bargains in antique stores. |
I enjoy taking long walks off short piers. |
|
|
| |
Topic |
|
If silver remains artificially low for a while...
