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 Replies: 42 / Views: 4,244 |
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Valued Member
United States
314 Posts |
Most people still cannot tell you the value of an oz of gold or silver, and they certainly do not know the value of a silver quarter, dime, etc.
We are not in the bubble phase.
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Pillar of the Community
Canada
3692 Posts |
I've tried to get people on board with metals but only one is serious enough to buy any. People are generally ignorant (of metals) still. I can't see metals going to even half their present value (my speculation). It's almost like people buy valuable stuff too late when it hits its peak price. Most people can't see the value in something by themselves - they have to be told it's valuable by someone else (look at what happened to Dutch tulips). I kept telling my friends "buy now before it's too expensive" and I guess they just won't believe something is valuable until the world agrees with them and by then it's too late to invest in it. At least metals don't wilt away.
So until I see TV shows about specifically bullion then I'm riding the train.
Edited by Libertad
04/08/2011 09:51 am
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Valued Member
Canada
442 Posts |
yup, we still have quite a whiles before we go to the moon!
The only thing I can think of is if the US government is actually able to do something about their budget and debt, although to be honest, The burden is so big I'm not sure if there IS any possible solution.
The current griping of trimming a billion here and there is peanuts compared to the big picture.
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Pillar of the Community
United States
1450 Posts |
With our CPI so biased toward housing,the Fed will not back off dumping money into the system until housing prices start gaining strongly. That is the only thing the banks care about because that's where they make their big money. I do not believe housing is getting better soon. That said,I don't see a top to PM's anytime soon because until the monetary policy changes the dollar will be in a death spiral.
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Pillar of the Community
United States
1126 Posts |
Since March of last year when I got on the computer one
morning and ran across a story that had broken that day
about proof being delivered to the CFTC at one of their
meetings that was video taped and put on you tube
Of Silver market manipulation by JP Morgan Chase.
where a metals trader here in the states had moved to
the London Exchange named Andrew Maquire had in real time
communicated to a CFTC Official that Jp Morgan Chase had signaled that a manipulation was about to take place. And in real time
informed the CFTC Official what would happen with the silver market
next and sure enough it happened. After walking the CFTC Official
through the entire process in e-mails. Mr. Maquire was scheduled
to testify at the CFTC meeting and all of a sudden he was not allowed
to testify. A member of the GATA orginazation was allowed to testify
and he ran through exactly how Jp Morgan Chase was manipulating
the Silver market keeping the price artificially low for years.
Beginning that morning I began stacking like a mad man on a mission.
With all my friends and family questioning my sanity especially
the Mrs.
I as others on this forum tried explaining until I was blue in
the face and getting tired of hearing the same words come out of my
mouth why silver was going to go up.
With documented proof of a long term artificial price suppression
scheme running and it coming to light amongst those that understand
precious metals have been money for thousands of years.
and the dropping of the value of the dollar.
then slowly getting to the general public. Which it is still
not in the mainstream yet. It is getting there very slowly.
Ears were closed and I would get that weird glazed eye look
like I was nuts
even among some of my fellow coin collecting brethren
here in the town where I live.
This is why I do not believe Silver is not in the bubble faze yet
but a LONG over due correction.
The Mrs. now wears a happy face when this subject comes up
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Pillar of the Community
United States
721 Posts |
Stewart - I agree with your statement. People have been talking about this current silver price trend as a bubble which will burst and send the price back down to a 200 MDA or something like that ($25 USD or lower), but I've had the same feeling that it is an overdue correction and that the baseline is now shifting up.
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New Member
United States
23 Posts |
Sel - you are right about the housing market. I read an article that 20% of Florida homes are vacant. Three bedroom houses are selling for $70,000 down over 50% from four years ago. You could say the same thing for Nevada and Arizona.
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Pillar of the Community
United States
3670 Posts |
I agree Stewart and drdave, this is a new world we are moving into, and what was a bubble in 1980, is now a price correction to where it should be, as history states 1 to 16 ratio most of history, and a hand full of crooks manipulating the market for half a century over at JP Morgan an other established brokers perhaps or so can only go on so long until wiser heads prevail perhaps....
Perhaps the economy in the dumps, fear of gov shutdowns, re-raising, of a re-raised ceiling for the (who knows how many times), and other events has exposed Morgan's shenanigans.....
Edited by Silverhawk74
04/08/2011 5:23 pm
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Pillar of the Community
United States
4008 Posts |
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You have to remember, alot of people are still brainwashed into the federal reserve notes as a sign of wealth. That mentality will persist for a while, even when the dollar index continues its drop. - Vinny Obviously these are the very same people who cannot count the HUGE depreciation of the dollar over the past 20 or so years. They see a large pile of money and they assume that it is equal to a lot of wealth. It isn't.  |
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Pillar of the Community
United States
4008 Posts |
Quote:
The only bubble we're currently in is the dollar bubble. - Westsea The dollar is not in a bubble. That is when a lot of people think that something has great value and it doesn't... Hmmm... well, maybe. I see the dollar as more like a balloon that someone has blown up and then released. It is dashing madly about the room while rapidly getting smaller and making a really gross "PFFTTT!" sound.  |
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Pillar of the Community
United States
4008 Posts |
Quote:
The bickering over the tiny cuts in the budget is equivalent to couple of months of interest. It is definitley a vicious cycle that will be very very hard to overcome. Unfortunately, the measures that are needed will spell absolute disaster for the political party that puts them in place.
- Vinny
And therein lies the rub. Will the politicians elect to save the nation or their political patooties? Somehow, I have to think that the nation will come in 2nd in this race.  |
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Pillar of the Community
United States
4008 Posts |
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...gold is a dead end,it doesn't pay dividends... - Hockingzig Yes, we have all heard that one but usually shrug it off as the noise it really is. A lot of things don't pay dividends that are still worth owning. Land, most collectables, most tech stocks, etc. |
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Pillar of the Community
United States
4008 Posts |
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I've tried to get people on board with metals but only one is serious enough to buy any. - Libertad Well, just stop, will ya? We don't need the competition from a lot of new bidders. |
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Pillar of the Community
United States
1064 Posts |
I fear we're in the oil bubble!
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Rest in Peace
United States
9104 Posts |
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U.S. house prices are dirt cheap from an Australian viewpoint. An amazing comment, especially about California house prices. If they'd check out Ohio, they could buy an entire block for the price of a typical CA home. |
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Replies: 42 / Views: 4,244 |
First Page
Posted 04/08/2011 09:47 am
