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 SteelTalon 
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Joined: Oct 2006  AZ, USA
 Posts: 4020 Feedback: 100% (7) |
Posted: 7/20/2012 12:49:31 PM
THE IMAGE ABOVE IS A PAID ADVERTISEMENT http://ca.news.yahoo.com/wwii-shipwreck-yields-38m-worth-silver-far-212210387.html |
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Posted: 7/20/2012 1:04:38 PM
I expect silver to rise this year anyway. Why? JP Morgan's poor position in silver (they've been shorting it for years) will still drive it up. Silver has been artificially driven down for years (through negative shorts and the sale of paper silver) and it's getting to a point that the critter can't be contained. When she goes, it will be over $50.
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echo_5
unconventional
Team Member
Joined: Feb 2008 CT, USA
Posts: 4827 Feedback: 100% (30) Link To This Post |
Posted: 7/20/2012 1:44:56 PM
Originally Posted By 4v50:
I expect silver to rise this year anyway. Why? JP Morgan's poor position in silver (they've been shorting it for years) will still drive it up. Silver has been artificially driven down for years (through negative shorts and the sale of paper silver) and it's getting to a point that the critter can't be contained. When she goes, it will be over $50. I agree. |
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Posted: 7/20/2012 9:10:44 PM
Originally Posted By 4v50:
I expect silver to rise this year anyway. Why? JP Morgan's poor position in silver (they've been shorting it for years) will still drive it up. Silver has been artificially driven down for years (through negative shorts and the sale of paper silver) and it's getting to a point that the critter can't be contained. When she goes, it will be over $50. Four times that, silver is consumed in manufacturing and many processes; whereas gold generally changes form - bullion to jewelry, for example. |
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Posted: 7/23/2012 9:07:52 AM
Originally Posted By Col-W:
Originally Posted By 4v50:
I expect silver to rise this year anyway. Why? JP Morgan's poor position in silver (they've been shorting it for years) will still drive it up. Silver has been artificially driven down for years (through negative shorts and the sale of paper silver) and it's getting to a point that the critter can't be contained. When she goes, it will be over $50. Four times that, silver is consumed in manufacturing and many processes; whereas gold generally changes form - bullion to jewelry, for example. To be honest, it comes down to what's happening with the money supply. If the Fed kicks off QE3 as they've hinted, and then QE4, 5, etc. it logically could be any number of zeros behind it. You're better off comparing how much "stuff" you can buy with silver(barrel of oil, etc.). Here's one of the best videos I've seen explaining this. It's long, but well worth the time. And yes, he does have incentive since he sells metals, but it doesn't change the validity of the info. [youtube]https://www.youtube.com/watch?v=tj2s6vzErqY[/youtube] |
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Posted: 8/7/2012 3:09:41 PM
Originally Posted By echo_5:
Originally Posted By 4v50:
I expect silver to rise this year anyway. Why? JP Morgan's poor position in silver (they've been shorting it for years) will still drive it up. Silver has been artificially driven down for years (through negative shorts and the sale of paper silver) and it's getting to a point that the critter can't be contained. When she goes, it will be over $50. I agree. Well what would you do if you had $10k, $50k and $100k to invest in silver and exactly who would you buy it from? Is there a special broker you need to use? Do you plan on investing on it? |
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echo_5
unconventional
Team Member
Joined: Feb 2008 CT, USA
Posts: 4916 Feedback: 100% (30) Link To This Post |
Posted: 8/7/2012 3:52:24 PM
^ I've never bought that much at a time.
I buy ounces/10 oz. at a time from coin and pawn shops usually. |
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Posted: 8/7/2012 7:15:52 PM
[Last Edit: 8/7/2012 7:17:34 PM by Rich_V]
Originally Posted By scolist:
Originally Posted By echo_5:
Originally Posted By 4v50:
I expect silver to rise this year anyway. Why? JP Morgan's poor position in silver (they've been shorting it for years) will still drive it up. Silver has been artificially driven down for years (through negative shorts and the sale of paper silver) and it's getting to a point that the critter can't be contained. When she goes, it will be over $50. I agree. Well what would you do if you had $10k, $50k and $100k to invest in silver and exactly who would you buy it from? Is there a special broker you need to use? Do you plan on investing on it? Look here Colorado Gold Tulving |
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Posted: 8/7/2012 8:20:13 PM
Originally Posted By scolist:
Originally Posted By echo_5:
Originally Posted By 4v50:
I expect silver to rise this year anyway. Why? JP Morgan's poor position in silver (they've been shorting it for years) will still drive it up. Silver has been artificially driven down for years (through negative shorts and the sale of paper silver) and it's getting to a point that the critter can't be contained. When she goes, it will be over $50. I agree. Well what would you do if you had $10k, $50k and $100k to invest in silver and exactly who would you buy it from? Is there a special broker you need to use? Do you plan on investing on it? Gold shark.com. They don't sell anything. They compare the prices of various dealers. BTW, JP Morgan recently moved 9 million ounces of physical silver from the Brinks Vault to Scotia. Comex also moved a lot of silver out of country. Do you think they know something we don't? |
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Posted: 8/7/2012 10:51:30 PM
Originally Posted By 4v50:
Originally Posted By scolist:
Originally Posted By echo_5:
Originally Posted By 4v50:
I expect silver to rise this year anyway. Why? JP Morgan's poor position in silver (they've been shorting it for years) will still drive it up. Silver has been artificially driven down for years (through negative shorts and the sale of paper silver) and it's getting to a point that the critter can't be contained. When she goes, it will be over $50. I agree. Well what would you do if you had $10k, $50k and $100k to invest in silver and exactly who would you buy it from? Is there a special broker you need to use? Do you plan on investing on it? Gold shark.com. They don't sell anything. They compare the prices of various dealers. BTW, JP Morgan recently moved 9 million ounces of physical silver from the Brinks Vault to Scotia. Comex also moved a lot of silver out of country. Do you think they know something we don't? Yes. JP Morgan, along w/ HSBC(I believe) have been sued in multiple cases regarding their short positions in silver. Check out information on GATA. Apparently, JP Morgan is holding silver short something like several months worth of production, which is apparently illegal, but the government agencies won't do anything about it. Silver/gold is kryptonite to the bankers. Interestingly, Alan Greenspan wrote the following before he was turned: "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." They all understand this. The unfortunate thing is that the banks/Fed have convinced people that paper is real money and REAL assets are a thing of the past. As more people recognize that their paper currency is being devalued to nothing, all that paper will start pouring into real assets. Just make sure you are physically in possession of your silver/gold. If you have a lot of spare time, go to www.sonsoflibertyacademy.com and watch the videos, or look up silver bullet/silver shield on youtube. There's quite a bit of information in there. Also, check out the gun shows in your area. There's usually a coin dealer or two there. As long as you know the current prices, you can deal with them too if you aren't buying large amounts. |
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Posted: 8/7/2012 11:00:54 PM
Originally Posted By scolist:
Originally Posted By echo_5:
Originally Posted By 4v50:
I expect silver to rise this year anyway. Why? JP Morgan's poor position in silver (they've been shorting it for years) will still drive it up. Silver has been artificially driven down for years (through negative shorts and the sale of paper silver) and it's getting to a point that the critter can't be contained. When she goes, it will be over $50. I agree. Well what would you do if you had $10k, $50k and $100k to invest in silver and exactly who would you buy it from? Is there a special broker you need to use? Do you plan on investing on it? You can buy American silver eagles that have a premium on them because they are minted by the Treasury, but they're some of the most sought after. There is also a law that states that silver eagles can only be minted with silver mined in the US, so as our silver mines decline, eagles could go up a bit more. The 100oz. bars are the most efficient, since they have the least spread between bid/ask prices. IIRC, you can buy a 100oz. bar for about 7$ over spot, but look for yourself. I may be off a little. Buy the ones from reputable mints, like Johnson Matthey. And, of course, as others mentioned, the 5 and 10oz bars. I personally would stay away from anything but reputable dealers. As the price goes up, there's going to be more temptation to plate lead or some other cheap metal. |
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Posted: 8/9/2012 8:10:17 PM
Thanks everyone, at least now I have an idea.
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tax_monster
I am a low speed, high drag operator
Team Member
Joined: Dec 2003 MO, USA
Posts: 4420 Feedback: 100% (38) Link To This Post |
Posted: 8/12/2012 3:47:25 AM
Originally Posted By Rich_V:
Originally Posted By scolist:
Originally Posted By echo_5:
Originally Posted By 4v50:
I expect silver to rise this year anyway. Why? JP Morgan's poor position in silver (they've been shorting it for years) will still drive it up. Silver has been artificially driven down for years (through negative shorts and the sale of paper silver) and it's getting to a point that the critter can't be contained. When she goes, it will be over $50. I agree. Well what would you do if you had $10k, $50k and $100k to invest in silver and exactly who would you buy it from? Is there a special broker you need to use? Do you plan on investing on it? Look here Colorado Gold Tulving I have no experience with Colorado Gold. For that kind of money, I'd go with Tulving. |
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Posted: 8/12/2012 10:41:20 PM
Originally Posted By tax_monster:
Originally Posted By Rich_V:
Originally Posted By scolist:
Originally Posted By echo_5:
Originally Posted By 4v50:
I expect silver to rise this year anyway. Why? JP Morgan's poor position in silver (they've been shorting it for years) will still drive it up. Silver has been artificially driven down for years (through negative shorts and the sale of paper silver) and it's getting to a point that the critter can't be contained. When she goes, it will be over $50. I agree. Well what would you do if you had $10k, $50k and $100k to invest in silver and exactly who would you buy it from? Is there a special broker you need to use? Do you plan on investing on it? Look here Colorado Gold Tulving I have no experience with Colorado Gold. For that kind of money, I'd go with Tulving. I've actually heard good things from several people I know about Colorado Gold. And I've never had a problem w/ Apmex either. |
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Posted: 8/13/2012 5:40:01 AM
Originally Posted By traxx12:
Originally Posted By tax_monster:
Originally Posted By Rich_V:
Originally Posted By scolist:
Originally Posted By echo_5:
Originally Posted By 4v50:
I expect silver to rise this year anyway. Why? JP Morgan's poor position in silver (they've been shorting it for years) will still drive it up. Silver has been artificially driven down for years (through negative shorts and the sale of paper silver) and it's getting to a point that the critter can't be contained. When she goes, it will be over $50. I agree. Well what would you do if you had $10k, $50k and $100k to invest in silver and exactly who would you buy it from? Is there a special broker you need to use? Do you plan on investing on it? Look here Colorado Gold Tulving I have no experience with Colorado Gold. For that kind of money, I'd go with Tulving. I've actually heard good things from several people I know about Colorado Gold. And I've never had a problem w/ Apmex either. What I like about Colorado Gold is you call and get a price, then lock in the price and mail them a personal check. No credit card deposit, no bank wire of funds. Simple and easy with good prices on volume purchases. |
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Posted: 8/16/2012 7:10:36 AM
BTW, I read that JP Morgan moved 9 million ounces of silver out of the Brinks' vault to Scotia. Other big banks did the same. You think they know something that we don't?
I suspect they're trying to avoid seizure. |
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rob78
Professional Hobbyist
Team Member
Joined: Mar 2005 TN, USA
Posts: 20948 Feedback: 100% (13) Link To This Post |
Posted: 8/16/2012 7:19:41 AM
Originally Posted By 4v50:
BTW, I read that JP Morgan moved 9 million ounces of silver out of the Brinks' vault to Scotia. Other big banks did the same. You think they know something that we don't? I suspect they're trying to avoid seizure. From whom? |
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Posted: 8/17/2012 3:59:20 PM
Originally Posted By rob78:
Originally Posted By 4v50:
BTW, I read that JP Morgan moved 9 million ounces of silver out of the Brinks' vault to Scotia. Other big banks did the same. You think they know something that we don't? I suspect they're trying to avoid seizure. From whom? Any American investor who bought silver from them. They get a certificate stating title, but no possession. When they learn the JP oversold, there will be panic and lawsuits with possible seizure ordered by the court. Can't seize what's not there, can you? |
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