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 Replies: 9 / Views: 1,558 |
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Valued Member
United States
439 Posts |
The CME has raised the marging for buying silver futures. It went from about 5k to 6500. This could knock silver down so be careful.
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Bedrock of the Community
United States
14454 Posts |
it looks like all precious metals have fallen back a little today
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Pillar of the Community
United States
508 Posts |
Silver gained like 19 cents today, copper, zinc, and nickel fell slightly.
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Pillar of the Community
United States
958 Posts |
I think the silver run up is a bank scam ,
The big banks lost alot of money in the realestate market and stock market
with all negative assets they have? silver hedging and over inflation is away the banks can dump investors money into something that shows a positive gain and looks to be making money for investors. Meanwhile the fund managers ,exces,ceo's all appear to have a winning investment (silv ) skim the funds take millions in bonuses and move it into over seas off shore accounts and live off everyone else. Then decide to stop the silver run up game when the govt steps in a ask for a inventory of all this sold silver to investors and see it was all on paper and the millions of ounces a day traded aday dont even exist in the funds stock pile but only on paper transactions
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New Member
United States
16 Posts |
"I think the silver run up is a bank scam"
Hmmmm... Well, I KNOW the green, fiat, paper currency we carry in our wallets is a bank scam.
Physical silver and gold is the only real money there is.
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Pillar of the Community
United States
1027 Posts |
Even physical gold and silver are way over valued today. There is no way that gold is worth $1500 an ounce or silver $30. Go back to 1933, with gold at $22.50 and silver at $1.40 and adjust for inflation and see where you sit. We cannot return to a system where currency is backed by precious metals or use PMs as the only kind of money. There is simply not enough gold and silver in the world to support the current economy. If the savings of everyone were converted into PMs, there wouldn't be any left to trade with. If you want to use something that has intrinsic value as a medium of exchange, why not choose something like corn, potatoes, rice, or whisky. If we want to return to using money with intrinsic value, we will have to return to buying products from and selling products to places no more than a few hundred miles from home. No more bananas, no lettuce in New York, no beef in Seattle, no salmon in Bismarck. While it does make a lot of sense to stop using so much oil to ship goods all over the world, there is no way back to 1900 from here. There is almost certainly a better future than the one we are pointing toward today, but backwards is not the way to get there.
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Valued Member
United States
364 Posts |
As long as we print towards the future, that future will see sound portfolios including some of the metals and commodities segment. This is more than just fear driving the price of commodities. There are more people and less hard goods available, whether they are metal or otherwise. That's what you're not acknowledging, in my opinion.
There is a psychological component at work, sure, but these items will only prove to have been overvalued IFF governments around the world return to fiscal sanity, and suddenly China doesn't require all the world's copper to meet projected growth, and silver suddenly starts getting mined by leaps and bounds more than it is now, etc etc.
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Pillar of the Community
United States
3278 Posts |
The run up of siler looks a lot like a bubble to me,
certianly a lot of selling going on.
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Pillar of the Community
United States
3278 Posts |
How do you edit a post?
Silver not siler.
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Valued Member
United States
167 Posts |
if you checked the chart the day they announced it - tuesday night, it sold off right after the announcement - a combo of profit taking and this reduced the price back from like 29 something to 26 something.
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Replies: 9 / Views: 1,558 |
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Posted 11/10/2010 7:07 pm
