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Don't Be Foolish And Sell The Silver....

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Bedrock of the Community
Earle42's Avatar
United States
10047 Posts
 Posted 12/31/2011  10:30 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
If there really IS some good news out there, LET'S HEAR IT!


Well... how about its an election year
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Pillar of the Community
United States
2168 Posts
 Posted 12/31/2011  11:34 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
Yes and we all should pray it changes our country's fate for the good
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 01/01/2012  12:21 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Never bet the rent money. Silver's a lousy insulator when you're living under a bridge.
Valued Member
JSH's Avatar
United States
410 Posts
 Posted 01/01/2012  9:15 pm  Show Profile   Bookmark this reply Add JSH to your friends list Get a Link to this Reply
What is long term? To me it depends on the investment. For stocks I would say at least 10 years. For a commodity like silver I would agree with your 3-5 year timeframe.

Valued Member
United States
362 Posts
 Posted 01/01/2012  9:55 pm  Show Profile   Bookmark this reply Add ICanSeeYou7687 to your friends list Get a Link to this Reply
Well I'm thinking about buying a rool of silver eagles or some gold from my local shop tomorrow. Definately not selling anything!
Pillar of the Community
United States
619 Posts
 Posted 01/01/2012  11:00 pm  Show Profile   Bookmark this reply Add CPC24 to your friends list Get a Link to this Reply
I'm sniping "junk" silver on ebay as we speak...
Pillar of the Community
SilverBug's Avatar
Canada
862 Posts
 Posted 01/02/2012  12:14 am  Show Profile   Bookmark this reply Add SilverBug to your friends list Get a Link to this Reply

Quote:
If there really IS some good news out there, LET'S HEAR IT!


the good news is: there is bad news else where that's WORSE than ours
Pillar of the Community
Silverhawk74's Avatar
United States
3670 Posts
 Posted 01/02/2012  02:12 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
I predict more economic turmoil going into 2012. The USA's debt (the largest ever accumulated in the history of EARTH) will continue to grow, and is only TEMPORARILY out of the spot light for the time being, as the Euro is in shambles and has the spotlight for now. Its cool, were printing more dollars we don't have to bail them out. More jobs lost from our borders, and can you blame them? Why set up shop here and pay MILLIONS more in red tape bureaucratic tax BS, when you can set up else where for far less. I suggest keep a close eye on things. Watch and protect your family. Stock up for unforeseen events, food and med supplies. I am not saying build a bomb shelter in your back yard, but but keep your head on a swivel is all I am saying. And if you can spare some extra dying dollars, tie them up in some gold or silver....
Pillar of the Community
Ed_B's Avatar
United States
4008 Posts
 Posted 01/02/2012  7:02 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Well... how about its an election year

OK, not bad. At least this provides an opportunity for some positive changes. No guarantee that we will get them, though, even if our candidates of choice get elected.


Quote:
the good news is: there is bad news else where that's WORSE than ours

Yes, there IS that! Europe has a lot of problems right now and so does Japan. Of course, so do we in the US. Ours have been papered over to a large extent and are less obvious but they are still there... simmering.


Quote:
For stocks I would say at least 10 years. For a commodity like silver I would agree with your 3-5 year timeframe.

Wow... 10 years seems like a really long time. I don' think that I have ever owned a stock for that length of time. I do have some mutual funds with that kind of longevity, though.
Pillar of the Community
Freedom's Avatar
United States
526 Posts
 Posted 01/05/2012  07:01 am  Show Profile   Bookmark this reply Add Freedom to your friends list Get a Link to this Reply
I have 15 years left until I hit 65. I am buying 10 oz a month of silver and a 1/4 oz or more of gold.

I figure by the time I hit 65, Silver should be at least $100.00 and oz and gold approaching $3,000.

Inflation that everybody seems to think is not happening in the US right now should pay attention to the small things.

$3.12 for a Bacon, Egg and Cheese Biscuit from McDonalds this morning. Used to be $2.25 just two months ago, if that is not inflation (bordering on Hyper Inflation) than I do not know what is.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 01/05/2012  07:47 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
one buck for a sausage and cheese on muffin @ burger king. A year ago, it included egg, too.
Pillar of the Community
Ed_B's Avatar
United States
4008 Posts
 Posted 01/05/2012  10:42 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
I figure by the time I hit 65, Silver should be at least $100.00 and oz and gold approaching $3,000.

Well, that is certainly possible. On the other hand, given the volatility in the PM market, we could see some very sudden and perhaps even dramatic PM price changes well before then. I do like your plan for acquiring gold and silver positions over time. That looks real good to me. I am doing some of that too.

Valued Member
JSH's Avatar
United States
410 Posts
 Posted 01/05/2012  10:59 pm  Show Profile   Bookmark this reply Add JSH to your friends list Get a Link to this Reply

Quote:
If there really IS some good news out there, LET'S HEAR IT!

US manufacturing is up.
http://www.nytimes.com/2012/01/06/b...economy.html

My department shipped more product in the 4th quarter of 2011 than in all of 2010!
Pillar of the Community
Ed_B's Avatar
United States
4008 Posts
 Posted 01/06/2012  6:30 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
I would hope that to be the case but would, of course, verify anything printed by the NY Times or DC Post via multiple other sources. I am also quite suspicious of most of the numbers put out by the Fed and the government and will continue to be until they stop fudging them to make everything seem OK now when they are not.

The US has been and continues to be a manufacturing powerhouse. When manufacturing takes a hit in a recession as deep as the one in 2008, it greatly affects the whole country. If we can work our way completely out of recession, we should see some good gains in employment numbers. I very much hope that this happens and I could not care less about the political situation or how it would be affected.
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