Silver Dips Below $30

Of course. That's when they have lost their shirts and are begging the public treasury to make good their losses or really bad things will happen. I say, let them happen. It will be cheaper in the long run to let a greedy out of control banking system collapse and die than it is to maintain it on life support indefinitely. Yes, it will be nasty but it would soon be over... unlike the never-ending mess we are in now.



Could not agree more, Angel. This is why my wife and I refuse to fly anymore. There is no place that we have to be quickly. We can drive to all of the other places we need or want to go. For the past few years, we have taken driving trip vacations of around 2000-4000 miles all over the western US. We do this 1 or 2 times each year and thoroughly enjoy ourselves. The airports and all their problems can just smooch patootie. We don't need them at all and refuse to use their "service".



Agreed, Bruce. My in-laws were the same way. They put their life savings into US Treasury bonds at 15% interest or better. They held the bonds for several years and then sold them at tremendous capital gains once interest rates had dropped. For many years thereafter, they considered the Carter years as "the good old days".

Bernanke has treated savers and investors very poorly in the hope of helping borrowers and spenders do their thing... and they have. Unfortunately, a strong and vibrant economy depends upon invested savings and, thanks to the Fed, there is no incentive these days to save anything. Anything saved is soon lost to inflation, so what's the point?

I really believe that we are better off to keep a minimal amount of cash available for our daily and monthly expenses and then keep the rest of our money in land, food, silver, and gold. Paper money WILL decline in value. This is guaranteed via the inflation game. Land, gold, and silver rise and fall in value over time too but over a long period of time I would trust them to beat inflation far better than any paper money.

That said, the trick is to actually implement this program. I can do this with my money but not with my wife's money. We have discussed this a few times but she remains unconvinced that fiat is going away within our lifetimes, so why worry about it? She could well be right about that but I do not think so. I cannot prove it, however. No one can. My investing experience and all my ability as a professional observer are telling me that the US economy is a house of cards and that is it teetering towards collapse as we speak. If it collapses, it is unlikely that any paper or paper-based assets will survive. Only hard assets will survive such a catastrophe. But... will this happen relatively soon? No one knows.

ED_B Funny I can do that with my money but not the wife's same deal here. Quite awhile back I took all my IRA CD out of the bank my wife said I was crazy. I said no why should I let the banks use my money for nothing the government is doing good enough job at that.

So I took it all out and will not say where it is :) some I invested in PM.

Not my wife, she has allot of cash in IRA CD so what does she do lock it in for five year at I forget 1% CRAZY let the banks make 4 and 5% per MONTH off her money for five years now that is CRAZY.

I had one heck of land deal a coupe years ago wanted to buy I today could have made at the least $30,000 selling it today but back then the wife said no. Yes I remind her daily about the $30,000 she cost us :) anyway if I see another sure thing can't loose land deal I will buy it myself this time but naturally I have not seen such a sure thing since them.

Anyway I wish everyone would pull there money from the banks maybe then our government would let the interest go up. When I took all my CD's out the bank manager said why are you doing this as I requested CASH. I told him why should I let you pay me 1% a year for my money while you make 5% per month using it. He had no answer except we do not have that much cash we need two weeks notice I said well you have two weeks I will be back then have the cash they did.

Silver still down. I wonder if it may have at least something to do with an article I read on possible dollar parity with the euro. Indirectly would be a gain for the dollar when in reality it is just the euro tanking but I guess with currencies not tied to any real tangible item all it has is the values against one another.

Yes do not understand it as usually when investors are worried about stocks and the banks the PM go up?

It is funny what makes a thread go, or what kills it fast. Just never no what might be of overall interest to many. I think T's timing was dead on with this thread, as it has been running strong for weeks now parallel with the slow an steady decline of the PM lines, which all look like a stairway to this guys pad....

Sub 28 now appears to be unstoppable like that train Denzo was riddin, how low can you go....

I really think 26 bucks is the bottom, maybe 25....

If by some chance we see the 24 figure appear, I figure that number may cause a MASS panic sell off....

But this guy here will be scrambling for the scraps as they fall faster then one of the Hard core pawn shop customers down on their knees inside one of those fan propelled cash grab boxes....

I always fancy a 100oz RCM bar in my pocket, when silver hit low 20, I will pull the trigger

My shop charges 3percent over current spot using .715 as the factor allowing for wear. They also charge the same for halves as quarters and dimes.