Silver. *Cough* 42.59

Our Economy *may* recover, but it will take *years* for the US Dollar to gain back it's strength lost in the last 2-3 yrs. The Fed is running the printing presses 7/24 to flood the market with cheap dollars, our "leaders" (sic) are borrowing money faster than anyone can imagine. Gold/Silver/Oil/Gas/{name your commodity} are going up in price because the dollars needed to buy them are worth less and less each month.

Very soon { when? who knows }, we will see some fairly nasty shit that the US hasn't seen since the mid-70s...only this time it's going to be far worse.

I wanted to add a question regarding shit hitting the fan. If shit has already left the hand and is headed to the fan doesn't that already count as hitting the fan? The space between is irrelevant. The fact that the room is about to be covered in shit is a sure thing. If you haven't already ducked and covered when you saw the hand start to throw means you are doomed to be covered in shit. I would think.

this board has been good to me so in my own way I'm trying to give back. I'm not trying make anyone rich. I'm just trying to say, everyone needs some insurance. good luck to one and all.

I have a pic for everything

I Just remembered why I was thinking something was happening this summer. ALL of the stimulus packages run out Jun 30. Wrap your brains around that one.

Get ready for Silver to punch through $50 on it's way to $75-80 before Jan. 1...
And yes, my money is where my keyboard mouth is.

Well, for all of you believers who are truly bullish on silver and have a brokerage account, here you go http://finance.yahoo.com/q?s=AGQ. It moves at double the rate of the normal market, up or down. It's very volatile so you have to keep an eye on it but if you are a short term investor and you truly believe that the price of silver is going to keep increasing, it's a good gamble. Having said that, if you're wrong, you'll lose twice as much as well.

It's not 1920, I'm not going to buy some silver coins and hide them under my mattress or bury them in the backyard because there is no need to do so. Do your research and find a nice ETF or stock online and purchase it if you have a brokerage account. There is no need to take physical evidence to prove ownership, (unless of course if you just like looking at the silver you own.)

And if you do buy an ETF, be sure to pay attention to the expense ratio before buying. I'm not comfortable with anything over 1% unless the historical returns are really great.

The idea of buying the silver is "owning an asset"...an ETF is just "paper". And yes, it's not 1920...yet. Physically owning the silver coins is a hedge against the future. Nobody is suggesting putting 100% of your spare funds into the coins, but 20-30% isn't a bad idea. Even if Silver drops back to less than $30, it's still an asset and it will never be worth $0.

The idea of buying the silver is "owning an asset"...an ETF is just "paper". And yes, it's not 1920...yet. Physically owning the silver coins is a hedge against the future. Nobody is suggesting putting 100% of your spare funds into the coins, but 20-30% isn't a bad idea. Even if Silver drops back to less than $30, it's still an asset and it will never be worth $0. Originally Posted by TallGuy6

I get the "idea" but just curious, do you have a bank account since your money is technically just "paper" if it's in a bank?? I am sure you may know, it's also an asset, actually the most important asset for any business or person. Hell, there is a reason why cash is the 1st thing you see for assets when you look at the balance sheet of a public company's 10-K, because it's the most important asset. Do you keep your cash in a bank or in your backyard? Get it? Your logic is highly flawed.

If you read my post, where did I say that I thought anyone was saying that you should put all of your money in coins? There is not a single investment that anyone should put all of their money in unless they have illegal insider information, (I'm kidding, but not really.)

Nevertheless, you can keep hiding coins at your house. I think I'll stick with investing the way technology has enabled me to do so - online and without physical possession of the assets.

I'm just curious to know how old you are. And I mean that respectfully; but you have a really old school way of thinking when it comes to investing if you need to see it to own it.

It as always been a good to have some of you asset base in a metals. The percentage as been a subject of debate always. I remember the Good Friday crash caused by the Hunt Brothers in 1980. It not only took the silver market down but all commodities were taken down. This even caused changes in the regs relating to commodity trading. I thought as many do that I understood the markets and was in the correct place with the proper allocation. I would say keep your eye on the ball, but remember that these markets are controlled by others and their reasons for moving the markets are not always ment to cause the moves to be logical.

I have all forms of assets, hedging a percentage of those with metals is part of an investment strategy. I"ve lived through all the cycles in the markets, I've seen what happens when inflation and interest rates skyrocket. Back then I wasn't smart enough, or rich enough to care. I am now. I'm not going to watch my "paper" assets disappear. Will gold/silver always increase in price? No. But it's "for sure" the dolllar won't be worth what it was 5 yrs ago, 10 yrs ago, 20 yrs ago....at least while I'm still on the proper side of the grass. If my hedge on metals is "wrong", my stocks will increase. Likewise if my hedge is right, my stocks could potentially drop. This is why you spread the funds around.

the question of the day should be...what is going down these days?

stock in the San Antonio Spurs?, yea I know they won tonight

I am in the meat business and the number of cows in feed lots are at a 50 year low

do you have a bank account since your money is technically just "paper" if it's in a bank?? Originally Posted by Lucas McCain

Only as long as the faith in the bank maintains. If something happens, then no, you have only a piece of paper that promises you have money.

Geez, why did I even reply to this fucking thread? I was trying to give investment advice to people who were bullish on Silver and I get a bunch of people stuck in 1920.....You clowns have fun hiding your coins at home!! That's the dumbest shit I have ever heard of in this day and age.

Guess what I do for a living???? You clowns are really funny with your beliefs about physically owning coins versus buying them through brokerage accounts. I don't care either way so go ahead and waste your money if you feel the need to see your Silver coins.

And just FYI, banks aren't dying anytime soon. If you use the right bank, you can be assured that America/Obama will fund their existence, regardless of how inept they may be....And more importantly, banks are not as bad as the media would like you to think. They're a bad investment, but still very solvent.

*Cough*-ing would be good if you were being checked for a hernia (be sure to turn your head to the side).

Mmmmm, let's see, I'll try to make this simple:

1. If one invests in precious metals and does not actually take delivery of them, what does that person have that shows ownership of those precious metals? Could it be it's a piece of paper (or a few bytes on a computer screen)?

2. Tangible property, such as actual precious metals in the form of ingots, coins, jewelry, etc., can be sold, it's true. But, like any other collectible, it's also true that it's only worth what one receives in return from the buyer. Be sure not to take paper.....

3. Any scenario involving a world-wide breakdown of the financial system still would involve some form of paper (or electronic transfer) because it will be in the best interest of the really wealthy and powerful (you know, the ones who ACTUALLY run the show) for that to be so.

4. Please remember that people with huge amounts of wealth (pick your form) are the only ones who are insulated from these doomsday scenarios, movies and novels not withstanding, because they have wealth and stroke. Actually, all of this is a tempest in a teapot if we're talking about hundreds of thousands of dollars, or a few million because we're into the age of billions and trillions, now. $1M is the new $100K.

5. So, plant the back yard with food and hook a bicycle up to a generator. Learn how to can, make beer and spin and sew...it's a bleak future ahead. Of course, one could also pitch in to get Glenn Beck a new pair of white tennies and some more chalk.

I'd say that when the meltdown comes, those folks who can actually DO stuff like work with their hands, build and fix things and those who can use their intelligence in PRACTICAL ways will be the ones who will make out. How awful, actual work having real value.....makes the head swim.