Silver: OH This Is Going To Be Good...

I agree, Merlin. Towards the middle to end of January, I expect another decent buying opportunity in silver. It should at least test the $27 price and could dip a little below that.



Oh, I don't know about that. $30,000 worth of silver is a pretty respectable "stack".



On the other hand, it IS their decision to make. Some choose well and some do not. In any case, it is up to them. I would not be making that choice but if that is what he wants, then I have no problem with it. He's got 3 basic outcomes available: 1) silver prices rise and he does very well; 2) silver prices stay flat and he maintains his wealth but does not add to it; or 3) silver prices fall and he loses money. If he does well, that will be great. If not, then it is his problem as to what he decides to do next.



While that is certainly possible, it seems a long shot to me. I would consider inflation to be a more significant threat to one's wealth over time than a complete collapse. But, who knows? It could happen, even if it is unlikely.



Yes, actually, they can. It is called burglary / home invasion. As MK and I have discussed a few times, keeping quiet about your stash is a critical part of keeping it (more) secure.



This is the part that would make me think long and hard about withdrawing the money from an IRA or other tax sheltered account. I would not have to pay the 10% penalty but paying 35% in taxes would be tough to swallow. I understand their reasoning on this, though. They are saying that 50% of something is better than 100% of nothing... and it is! The trick is that we have to be convinced that a complete crash is coming. I am not convinced that it is but, as always, I could be wrong. :-/

I am convinced that a complete and total crash is coming. The only thing holding it back is that Europe is in worse condition than we are. The big question is why the only country in Europe that can solve the crisis (Germany) is dragging her feet. Is there an ulterior motive? Don't know, but it sure looks like it. The longer the EU crisis lasts, the more Germany gains, up to a point. Apparently we have not reached that point yet.

In the meantime, America LOOKS like it is in better shape than Europe, even though the total American debt to GDP ratio is one of the worst in the world, not far behind Greece. So everyone is rushing to park their money in American debt. What happens when, not if, Germany finally steps up to the plate, pares down the EU to ONLY viable economies, with the rest of Europe as virtual slaves to them?

You will hear the biggest vacuum cleaner in the world sucking the life out of the American dollar as EVERYONE SUDDENLY ALL AT THE SAME TIME RUSHES FOR THE DOOR. It will be the biggest, and probably fastest, monetary collapse in the history of the world. And remember, economic weaklings are also military weaklings, with NO control over their destiny. No credit & no economy = No money = No military = No defense.

Is this an extreme view? Absolutely. Do I like it? Absolutely not. Will it happen? Most likely. Will it be that bad? Probably worse. Should I bury my head in the sand and pretend that it cannot happen? Hiding will not help anything nor change anything.

As an aside, Merkel's tenure looks about over. There are two Bavarians, Edmund Stoiber and Herr Karl Theodor von- und zu-Guttenberg, both disciples of Franz Joseph Strauss, another Bavarian, that may soon be propelled into office. Both men have a history of accomplishing the impossible, and doing it in record time. If either or both attain power, they will solve the European crisis in record time. When that happens, the dollar will collapse against the Euro, or whatever its replacement is called, and the vacuum cleaner will start sucking - WHOOOOOOOOSH goes the dollar. It would not surprise me to see the German Mark resurrected to become the core currency of Europe with the Euro, or other resurrected national currencies, for the rest of the EU.

In the meantime, the head of the ECB, Mario Draghi, the most powerful man in the world now (he controls the destinies of most if not all countries through his ECB post), will continue to tighten the screws on anyone sucked into the vortex of the European mess, meaning primarily America. It is like he has a bear trap that he is holding open waiting for everyone to enter before he finally lets it snap shut on the victims.

I really do not see any other result. And we are willingly being led to the slaughter. So sad.

I read an article on the US dollar crashing and PMs soaring in association with the new law signed on New years Eve and how if that happens PMs will possibly be regulated or not allowed to be sold to US citizens. Part of the war on terror portion stating how US citizens can be held with no charge or crime by the military if they are under suspicion os being a t...ist! Any person that uses cash, owns a gun owns a PM along with many other quite everyday items may be considered a T!

If the gov decided to confiscate all the gold again which I personally doubt will happen (and that fact makes me think it probably will, lol.), then I figure that will just be another big plus over in the silver holders camp eh....

Good point Trout, I was kinda hoping it would get ignored like it does by most, hiding behind the ball lol....

The US has the largest sitting army in the world, if the PTB would just obey the constitution. 50 million gun owners, ready to go as fast as they can grab them.

That is the whole problem.