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 Replies: 100 / Views: 8,041 |
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Pillar of the Community
United States
1026 Posts |
CRAP silver is going down 1st thing again this morning and my CD is not due for another 6 weeks CRAP will probably be back up t0 $75 by that time with my luck.
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Rest in Peace
United States
9104 Posts |
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Valued Member
United States
71 Posts |
Quote:
CRAP silver is going down 1st thing again this morning and my CD is not due for another 6 weeks CRAP will probably be back up t0 $75 by that time with my luck.
To each their own, but this is exactly the reason I do not put money into CD's. Banks (or at least the banks around my area), aren't giving that great of rates on CD's, so that and the fact that my money is tied up and cannot be retrieved without big time penalties are the reasons I don't like CD's. I feel your pain Bruce! Nothing worse than having the money, but not having it when it comes to things like this!  |
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Pillar of the Community
United States
4989 Posts |
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Pillar of the Community
United States
4008 Posts |
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That's one possibility. The other is that investors move on to the next big thing & the bottom falls out of the silver market. I can't foretell the future so I don't know which will happen. What I do know is a prudent person keeps both possibilities in mind. - trdhrdr007 That's always possible too but the supply of "next big things" seems to be virtually nil at the moment. Not that one couldn't pop out of the woodwork, of course. Still, when investing, going with what has the best odds of success at the moment is usually a workable approach. No guarantees, though. Diversification and holding some cash are also good. |
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Pillar of the Community
United States
4008 Posts |
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To each their own, but this is exactly the reason I do not put money into CD's. Banks (or at least the banks around my area), aren't giving that great of rates on CD's, so that and the fact that my money is tied up and cannot be retrieved without big time penalties are the reasons I don't like CD's.
I feel your pain Bruce! Nothing worse than having the money, but not having it when it comes to things like this! - GearDaddy I'm in the same boat regarding not liking CDs very much. Their pay-out is minuscule these days and they trap your money for a fixed time period where you can't do anything with it without losing a good chunk of the interest you've earned on it. For short-term cash reserves, a mutual fund money market or short term bond fund with check writing ability works for me. My step-Dad is 85 years old and only in June of 2010 did he decide that CDs just weren't cutting it. He thought that getting a 1% return on a $100k CD was pathetic and I agreed. Because of that, he let me invest his $100k in the stock market, which was quite a change for the old boy. Anyway, I invested that money in 5 dividend paying stocks and 2 dividend paying mutual funds. These are relatively conservative investments but have returned about 13% over the last 11 months. Not too shabby and WAY better than the 1-1.5% that CDs pay. Yes, there is additional risk in such an investment but we have stop-loss orders on the stocks and I check the funds regularly to make sure that they are maintaining their prices. |
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Valued Member
United States
152 Posts |
arrrrggg just went to 2 dealers tryin to buy 10 oz bar none of them would sell me any ahhhh they would only sell me there sterling damnnn..there goes my chance of gettin cheap silver
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Pillar of the Community
United States
1817 Posts |
Wow, kitco spot is under $41, -$3.00 in three hours. What will the margin buyers do next?
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Bedrock of the Community
United States
10982 Posts |
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U.S. Federal debt is a drop in the bucket.. Quoting wikipedia and The Fed does not inspire my confidence. Even if you believe the numbers, anyone who states that our National Debt is "a drop in the bucket" has their head planted firmly in the sand. Quote:
Makes sense; who has anything but a small fraction of their net worth in treasury bonds? Of course, we owe foreign governments our debt. Do you think that's a good thing? ========================================================= Meanwhile the much anticipated correction in silver is happening. We shall see if it holds $40 very soon. The weak hands are shaking but the fundamentals remain. For stronger hands, if you are properly positioned you can ride out the storm. A new mountain has been built and further evidence that "real" money is very good to own, regardless of what happens this spring. |
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Pillar of the Community
United States
4989 Posts |
Silver at these levels is not a proxy for money. Rather, it is a highly speculative investment on par with Internet stocks.
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Pillar of the Community
United States
4008 Posts |
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Silver at these levels is not a proxy for money. Rather, it is a highly speculative investment on par with Internet stocks. Well, we all have our own opinions on that but I don't happen to share this one. I believe that silver is speculative but nowhere near on a par with Internet stocks. There was a time when many people were saying that it was "a new paradigm" and that "valuation no longer matters". Say what? Valuation doesn't matter? Then come over here and buy my $400k house for $4M. I don't see anything even remotely close to that kind of froth in the silver market. What we are seeing right now is a shakeout of those who were speculating in paper silver products... futures, options, derivatives, etc. Their costs per contract just got increased, so some of them are liquidating their positions so that they do not have to pony up more cash to maintain them. This will pass... and probably sooner rather than later. And that is my opinion.  |
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Valued Member
United States
277 Posts |
I never thought silver would go under 40 again but I was wrong. I am going to see where it ends this week and than start buying again. I think it is just a matter of time before it goes back over 40 and up to 50.
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Bedrock of the Community
United States
10038 Posts |
It was getting very close to that magic number 50 (actually hit it for a short time one day if I am not mistaken). People might have been thinking they would dump before it actually stayed at 50 and thereby avoid the same type drop that it hit last time. Although economic factors are totally different this time, I think people relate last time to this time.
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Pillar of the Community
 United States
505 Posts |
Silver is dropping due to the CME raising Margins AGain...looks like they want to get people out of metals and back to FRNs....The way the price is dropping,I would say its working
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Valued Member
United States
97 Posts |
got to be $43.50 or so now no?
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Replies: 100 / Views: 8,041 |
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Posted 05/03/2011 10:00 am
