http://dont-tread-on.me/?p=22551 part 1
http://dont-tread-on.me/?p=22508 part 2
http://dont-tread-on.me/?p=22537 part 3
and don't miss...
STACK! STACK! STACK!
something is brewing...
A tsunami is coming!
“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul
To the moon Alice!
The police state needs silver. Take it from them and they CAN'T function.
Don't feed the pandas. Ever.
Silver a Trillion "dollars" an ounce- who cares? Just print more.
I would take that as a signal not to sell.
I have weaker criteria.
Today one ounce of .999 silver buys you 7 to 8 gallons of gas.
I'll see the signal you're alluding to when that same ounce can buy me 70 or more gallons, or food for my family for 3 to 4 weeks, maybe.
And, as we're all "lucky" to know, here, because we can read and remember,
... THAT is sure to happen, eventually, at some point (though maybe not forever on, once people have had their lesson).
Now you know why my checking account balance is back to zero within just 3 days after each pay check.
I wonder how my dear banker feels about that, or the fact I don't use any credit facilities, and why our car is still a POS.
But, hey, maybe it's just I love simple algorithms. "lol" ;)
Just a matter of time.
"Cyril" pronounced "see real". I code stuff.
"To study and not think is a waste. To think and not study is dangerous." -- Confucius
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Don't be stupid!
Quite amazing refresher, and prediction at 0:35 of video at the 4th link in OP's post
("Why Gold & Silver ? Mike Maloney Tells All About Investing In Precious Metals")
... if that turns out to be verified in our future :
"[...]in 1980, it took 1,000 silver ounces to buy a single family median price home. That day will come again, but it's probably going to be less than 500 ounces."
Well, now that's a tip !
Let us use our best judgment...
I've been hearing that about the 500 ounces for maybe 4 years or so now. Silver will probably get there but who knows how long that may take. Could be as soon as after the election or several years from now. Either way, those holding silver will be big winners.
My father got tipped off to the coming "silver boom" in the late 50's or early 60's. He died before silver ever made its move - and that is a possible fate for all of us. But as someone pointed out above, they need physical silver for their drones, among other machines of war. That is the reason to buy and hold silver - to keep it out of the hands who would use it to murder. Worrying about what silver is worth in fiat dollars is sort of funny, really.
Love or fear? Chose again with every breath.
Thanks for your personal insight.
Granted, thus far, I had overlooked the 1980 data that the video recalled, anyway.
government will ensure that gold and silver peaked in 2011.
banks will dump silver whenever deemed necessary, if you listen to max keiser for your financial health, your going to be very sorry!
what will you do if you dont have your freedom
go down compared to what...the US dollar? Are you kidding me?
The average lifespan of a fiat currency is 40 years. Nixon broke from gold in 1971...that puts us at 41 year. You can do the math.
Gold and silver are forever.
Measure your wealth in ounces. Everything else is just short term noise.
Gerald Celente...silver going nowhere but UP...
One of silver's big upsides, its use in industry, is also a big downside for me. What level of industrial use could be expected if the world economy tanks? Since a big portion of silver's value stems from its industrial demand, a morbid economy could cause a silver devaluation.
New Hampshire and Ecuador.
but isn't silver used in bombs? It seems likely we will either have a good economy or war. both of which will consume silver.
US Geological Survey is already estimating Silver will be the first element on the periodic table to go extinct in the 2020 ballpark...
You really think someone would sell their silver for $35 in fiat dollars at that point?
for the same reason that the peak oil theories are ignorant. High prices will drive more exploration, and better extraction methods. Just like with oil the world reserve doesn't go down over time even as known reserves are extracted because new reserves are always being found. I expect much silver used in industry will get recycled intot he system as well. Silver is not gold, they acted much the same until silver became more useful as an industrial metal in the last 70-80 years, but do not necessarily anymore. I expect the historical 16:1 ratio between gold and silver will likely not hold true in the future. Currently it is around 50:1, but no one really understands it well enough to know where it should be trading. Likely it is undervalued versus gold right now, bu tthere is not enough evidence for me to get super bullish. Buy a rental house instead, it is a better performign real asset which you can pick up well below replacement cost these days.
Jack of all Trades
Precinct Commiteeman Precinct 5 Rock Island Co Illinois
c'mon man...the govermment sold off it's 40 year supply of silver to keep at these depressed levels. Now, the banks are pushing MASSIVE amounts of paper silver to depress it. Silver hasn't traded in a free market for many decades.
The government is out of physical and the banks paper game is coming to an end. Be my guest and keep your wealth in garbage paper.
I was trying to explain that to someone recently, but it didn't come out as simple or well as you explained it. To add to what you said: Higher prices will also bring alternative energies to the market and encourage alternative energy exploration as well.
One point about silver though. If it is true that silver is being manipulated lower than what the market would indicate, then the mechanism of higher prices isn't being sent to drive more exploration and better extracting methods, and industrial uses are consuming it at a rate that higher than they would if the true market rate was present. I think these factors make silver an attractive buy, especially for people who can't afford to pick up a rental house or a large asset.
But to your point, I don't see how an "extinction" will take place. I don't believe the manipulators are powerful enough to defeat the market forces.
we hit peak oil a long time ago. At one time in history, you could get 100 barrels of oil out of the ground for every 1 barrel you used. Now, it's like 3 to 1...
That's the main point everyone is missing....IT TAKES ENERGY TO MAKE ENERGY!
What happens when it takes 1 barrel of oil to get 1 out?
Still don't believe in peak oil? LOL.
Geez...wake up guys.
What are we supposed to do stop consuming energy? It takes energy to live. So if we stop consuming energy, people will stop living. A free market in energy would take care of it. As oil reserves run out the prices will go up prompting people to use less and look for alternatives. I am confident that there is ample available energy if human innovation is allowed to flourish, the problem is the whole energy economy is so heavily regulated and controlled that mother natures forces aren't able to move society forward.
"What are we supposed to do stop consuming energy?"
Prepare for any disruptions and changes that will occur once the peak is hit, if you are able.
Maybe include this knowledge in your investment decisions as well.
you're still missing the point.
Right now it takes about 1 unit of oil to get 3 out of the ground. It used to be 100:1.
What happens when it's 1:1? What does competition matter at that point? You think oil companies will be fighting each other to burn a barrel of oil to only get one out? All they'd be doing is running in place.
It's like if every time you bend over to pick up a quarter on the ground, one falls out of your pocket. At some point you're gonna stop bending over.
It'll be back to little house on the prairie when this happens...unless and until others technologies/sources of energy are put into place.
it's not that hard of a concept to get.
But don't think linearly. It's like the hockey stick graph the global warmist used to push till it got proven false. Things don't happen like that. I don't fear peak oil. I fear not having a free market in energy.
That report is from 2005, and it is a range. The "BULL" sites always are going to promote the "Low" range, 25 years in this case. That range was extended in 2011. But even using the 2005 data, both the high and the low ranges, USCG says 25 to 100 years silver production. That's a pretty big range, almost like a confession..."we don't really know.."
"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence
you hang on to your federal reserve notes, I'll stick with gold and silver. We'll see who comes out ahead :)
I'll hang onto my FRN's until the time is right to trade them for metals. We'll see who comes out ahead.