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 Replies: 14 / Views: 1,638 |
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Valued Member
175 Posts |
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Pillar of the Community
1283 Posts |
Wow, I hope he is right I could buy a nice summer home if my silver goes to $140 an oz. fingers crossed.
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Pillar of the Community
United States
3670 Posts |
Great video RP junior, I like it! Gets my silver colored blooded flowing....
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Bedrock of the Community
Australia
21788 Posts |
Silverhawk74: Silver colored blood reminds me of mercury!
BTW, the father of an ex of mine had a Studebaker Golden Hawk, interesting car, V8 supercharged. Went on a rather rapid trip in it from Sydney to Adelaide.
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Pillar of the Community
United States
3670 Posts |
Ah Sel 691, the silver and gold hawk Studebaker, what machines. I like stackin gold and silver coins with a similar pace to that ol super charged Studebaker, lol....
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Valued Member
 175 Posts |
lol, the guy in the video said there isn't that many people investing in PMs. Do you think thats true?
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Pillar of the Community
United States
4333 Posts |
Doesn't matter to me what price it hits...never trading for paper.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
4008 Posts |
Quote:
lol, the guy in the video said there isn't that many people investing in PMs. Do you think thats true? Oddly enough, I do. One look at the amount of money invested in silver, for example, vs. the amount of money sitting on the stock market sidelines in cash tells the tale. Not sure what the physical bullion market is in dollars but the money market funds exceed US $4 trillion. If 1% of that ($40 billion) were to come into the PM market, there would be a HUGE price spike. Yes, there is considerable investment (speculation?) in paper silver and gold financial instruments, futures, options, ETFs, etc. but not so much in physical gold and silver assets. This is one of the several reasons why a lot of us here espouse the ownership of such physical assets. If even a small fraction of the rest of our countrymen come to the same conclusions that we have, there will be a huge gold and silver rush that will push prices higher... MUCH higher. As to converting physical bullion to cash... sure, if the price is right and I could use that paper to buy something of real value. If half a dozen gold 1-oz. coins could be used to pay off my house, it would be worth it.  |
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Valued Member
United States
384 Posts |
So I watched that video and it was absolutely useless. The guy only gives half the story. He only talks about the positive side of the silver story, what about the other side? Any balanced, well thought out opinion should give both sides then, suggest why they lean towards one side. And the worst part of the video is that this guy cherrypicked the years, so that he can give you the most appealing stats. And several things in there that are his opinions, he talks as if they are facts. And that's what I thought about that.
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Valued Member
175 Posts |
What do you think the negative or other side of the story is?
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Pillar of the Community
United States
3670 Posts |
Good call Ed, the numbers never lie.....
I expect more and more will become interested in time. Compare it to face-book or twitter, as both sites had many members before they both hit the main stream so to speak and it became global....
If bullion/coin collectors represent less than 1% of the population wisely investing in pm's, then they are all ahead of the curve....
I suspect the numbers will keep growing, as pm's are not tulips. When people one day have that instant realization of the investing potential of pm's, they then become interested in and purchasing and collecting pm's for the rest of their lives I bet in most cases....
Edited by Silverhawk74
06/25/2011 01:08 am
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Rest in Peace
United States
9104 Posts |
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As to converting physical bullion to cash... sure, if the price is right and I could use that paper to buy something of real value. If half a dozen gold 1-oz. coins could be used to pay off my house, it would be worth it.
Paper is only a catalyst, useful only for as long as it takes to make the transaction. You're actually trading gold for a house. |
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Pillar of the Community
Canada
3692 Posts |
@fistfulladirt: Even Pancho Villa had to trade his silver ingots for fiat currency to keep his militia going (if you're a soldier with other gear to carry you'd welcome paper money over any ounce of anything). With you I would assume it's purely collecting, because silver doesn't actually get used as money as it's still tied to a currency. Otherwise we wouldn't be counting in dollars but weights of pure commodities (like grains)- and that's what we've been trying to steer away from by using units like dollars.
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Pillar of the Community
United States
830 Posts |
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Pillar of the Community
United States
4008 Posts |
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...if you're a soldier with other gear to carry you'd welcome paper money over any ounce of anything... Been paid in "Continentals" lately? In that case, it was 'quick, spend it while it still has some value!'. Yes, paper is lighter but it has its problems too. It burns, it mildews, goats and termites love it, and its value can disappear along with the government that printed it. Got any USSR rubles? Reich-marks? Yugoslavian whatevers?  |
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Replies: 14 / Views: 1,638 |
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Posted 06/24/2011 01:57 am
