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 Replies: 11 / Views: 1,856 |
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
Canada
1502 Posts |
Shot on the street of Toronto?!
I don't agree with some of the points made, as pro silver as I am. Lesser available silver and the industrial demand for silver still feel like a double edged swords to me. Regardless of the growing population of buyers, the smaller market means its much much more prone to manipulation by the still very few big big buyers. The lines drawn between economy, industrial demand, and the price of silver is to me harder and harder to understand.
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Pillar of the Community
United States
3670 Posts |
"double edged sword"
I like this term a lot an use often, esp with Lionel train sets or pm's. I have an Alaska set it appeals to Alaska natives who run trains. Gold mine set, Coast guard set, James gang set, Santa Fe set, its all double edged, like a Lionel coca cola train, or Disney and so on....
Same with bullion with all the different art work, sports, famous people, whatever, I always look for items with double edge angle, just increases re-sale potential....
As far as what the experts say it is nothing more then the speculating we all do here on a daily basis. Eventually one of them will be right, and the one who opposes his view will be wrong. Then six months later that all flips the other way and the guy who was wrong before, is now right, lol....
As long as I don't wake up tom to find 5 dollar an oz silver all is good. And if I did I would suck it up and say.... "O.K., lets go max out the emergency CC on silver over at Provident metals" lol....
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Pillar of the Community
United States
1150 Posts |
I completely agree with these guys. Great video. Thanks for the link!
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Valued Member
United States
493 Posts |
I don't have enough experience of how a melting period we just went through and how that effects silver. The video makes me feel like spending 10k on silver ETF at the next dip.
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Pillar of the Community
United States
4008 Posts |
Nice video.  One aspect of the silver price that was not mentioned was the creation of the paper silver products. Originally, paper versions of silver were created so that investors could participate in the price movements of silver (and other PMs too) via a vehicle that was quickly and easily bought and sold and that had no storage requirements. To this end, all manner of paper PM investments were created. While that was basically good, it became a problem when the paper silver market became MANY times the size of the physical silver market. At that point, the paper tail began to wag the physical dog. These days, paper silver does not merely mimic the price of physical silver... it, in large part, sets the price of physical silver. Because of this, an interesting thing occurs when the paper price drops to a sufficiently low amount. People stop selling silver, so while the price might be $25 an oz., you simply can't find any physical metal to buy at that price. Those who have it will hold it until the price recovers to an acceptable level. All the while, paper silver products continue to be bought, sold, and traded as usual. |
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Pillar of the Community
Canada
3692 Posts |
That's not Toronto. Look at the street signs........
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Pillar of the Community
United States
4008 Posts |
OK, so where is it? Vancouver, BC?
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Pillar of the Community
United States
2168 Posts |
Yes I remember reading how many couldn't purchase silver at the lowered price for what they usually purchased over spot. I was lucky the local place I buy from still did and had silver still available. Lesser amounts but available
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New Member
United States
7 Posts |
The best part is definitely at 3:39- "..but once you lose your mind, hehhehheh, it doesn't work anymore." Speculators speculating. They admit, some of it is psychological. One hears enough commercials on the radio to "buy gold and silver!", one's going to go buy some gold and silver.
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Rest in Peace
 United States
9104 Posts |
 , Winkin! |
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New Member
United States
7 Posts |
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Replies: 11 / Views: 1,856 |
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Posted 12/10/2011 02:50 am
