Silver Dips Below $30

i stacked heavily when silver was above $40 per oz. however by going to auctions in the country I was able to average about $23 or so an oz for proofs etc of the 20th century. I thought about selling right away and taking the profits, but I decided to ride this thing out for the long haul. I hope it works out! the evidence would lead me to believe that in the next ten years it will. maybe sooner? :)

The problem with Canada is we depend too heavily on the US as a trading partner, industry is trying to balance that out but it will take a long time.

I don't know how many of you are children of the 60s like I am. But ask anyone who lived through the 60s and 70s and they will tell you that everyone KNEW, not thought but KNEW, that the world was going to run out of oil by the mid 1990s. It was a "fact" that all in the media and academia were touting.

We have no way of knowing how much of any element is present in the Earth. Maybe we will run out in a few years; unlikely in my view. Or maybe they will discover a vein so large it depresses the cost of silver down to a few cents on the dollar. Read your history, this is precisely what has happened at least twice in our nations past. The comstock load being a good example.

All I am saying is that whenever I hear someone say that a given commodity will run out in the near future....I no longer pay attention. That argument has been done to death by those of us that are old enough to remember all the other times it has been used.

Chances are I could be very wrong about my predictions and assumptions. Only time will tell I guess. In the meantime, I'll still be stacking silver like it's going out of fashion. I'll be bagging my gold nuggets too that I get from down the road.

Do your own research and come to your own conclusions. It's really the only way you can know what you're doing is the right thing to set yourself up for the future. There will be an enormous transfer of wealth in the next 10 years. How will you get your share?

The middle class will never strengthen. The gap between rich and poor is increasing daily, and there will be no middle class in the near future. Unfortunately there will be only rich or poor.

Whatever you're doing now to improve your current and future financial situation can only be right for you ... if you believe it!

Good Luck

all risks have investments as we mentioned, if we find a huge large supply of silver in the near future silver can be completely worthless. Imagine buy a pound of silver for 4 dollars, it could happen. If the world ends in a couple of months it won't even matter. Material assets seem to be a safer investment than just leaving your money in the bank however. What exactly to invest in I don't know at the moment.

I like the idea of just coin roll hunting and obtaining silver or copper at face price. I don't think you can really get that rich of that either as you can't just go through 4000 dollars of dimes in a week, you probably could as far as the time required, but no bank is going to allow you to get that much in a week, yet alone allow you to deposit it back without a fuss. So if you really want to get into investing several thousand dollars in metals buying for a premium seems the way to go.

It is really easy to underestimate the impact of new technology that now allows us to economically recover MUCH more oil from old wells than was possible even just a few years ago. Wells that had been considered "played out" are now producing significant volumes of oil.



No, we don't. There is a great deal about the Earth that remains unknown to us. What we do know is that significant new finds of silver and gold are getting more and more uncommon and that the miners are using advanced technology to mine areas of lower and lower quality ore. Many of these were discovered years ago but were not economical then. Now they can be mined economically. The higher price of silver and gold certainly help with this but that is not the only factor involved.

My opinion is that we are running out of easy to get at and therefore cheap oil and metals. It is likely that there is still a lot of both out there to be discovered and exploited but doing so will not be as quick, easy, or cheap as before. A good example is the sea floor. It is 3/4 of the Earth's surface yet, other than by oil companies, has barely been touched by mining companies. It is not only possible but likely that 3x as much silver and gold are there as are on the dry parts of the Earth just based on the size of the areas involved. Whether or not we can develop the technology to actually recover these metals is an open question. I imagine that we will be able to do so at some point in time but when that will be is anyone's guess.

As to the oil running out, I recall being very young in Catholic school having the nuns tell us there was about 50 years of oil left! I also recall learning base 2 and them telling us how someday computers will run everything!! Also recall F451, Animal Farm, Brave New world and 1984 in high school thinking them impossible but just look at our world today!