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If silver ever hits $20/oz again I am selling

Like many on here I put some savings into silver and have lost 50% with the commodity tumble.

Life lesson I guess. I am not really angry, I knew the risk was there.

If silver ever hits $20/oz again I am selling.

Though silver is still selling for $20/oz on ebay, after paypal fees and ebay fees, you really are not getting that at all.

If I need money for something I will sell on ebay for a loss, if not, I am going to make jewelry out of all my silver.

What is everyone else doing???



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Metals are a "Hedge" against inflation..

That does NOT mean they will appreciate more than the rate of inflation in a serious depression / economic collapse. Just less than "Notes" and other "Faith" backed securities. I've said several times on this group that Metals will DECLINE as they always have historically.

When basic supplies are lacking, no one really needs Gold or Silver. It certainly is a BETTER store of value than Paper, but nonetheless, Since Gold / Silver are denominated on Paper then they DECLINE in Price of PAPER but less so in REAL purchasing power than Paper.

Comprende?

The best thing one can do is Pay off Debts, Own your own house, be able to provide for food and basic needs.

Dale Legan
www.CycleSurfer.com

"We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light." - Plato

One Voice, One Vision, One Love ~ Liberty.
Good Thoughts, Good Words , Good Deeds.
That is the Ron Paul rEVOLution Creed.

One Louv. ;-)..

Silver

Silver is a long term investment. Its day is yet to come. You'll regret selling at 20.00. Have you not noticed that just about every bulk seller of silver is backlogged and the price is going DOWN? Somethings gonna give, and big time. Hold on bud. Let the gov keep printing money and running deficits, its all gonna catch up.

This is why it's good to

This is why it's good to have some numismatic silver, not just bullion silver!

How much do you have? Leave a contact number.

If you understood the current financial/economic situation, as well as, the manipulation in the price of gold and silver, you wouldn't have submitted this post.

I am buying. My friends are buying. The arabs are buying: http://www.gata.org/node/6605

Like I said, please tell us how many ounces you have, what you want for them, and a way to contact you -- a name might be nice as well.

If you sell at $20, I think you will live to regret it.

___________

Lisa C.

**This space is available.**

Ron Paul "Sign Wave Across the USA" -- November 5th!

Nothing can be trusted as a

safe haven for my money but if I went to someone with my silver or gold I bet I could get their attention. It comes to a point when it is obvious that the market can not be trusted when that happens people will turn as they have for thousands of years back to basics. Peace

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

Here is my understanding of the situation.

There is no simple answer to your question. Yes silver is being manipulated down, since it is held in few hands as is gold. It is also possible that many people are selling their interests in silver to cover their debt in other areas of the market.
All this would change if gold or silver was legal tender and held by the people, in which case the risk of manipulation would be very little. What caused the great depression was that gold was no longer being held by the people but was held in banks for bankers to create credit. When they created too much credit they devalued the money, and when people began to go to the bank after their gold the government stepped in and saved the bankers and in the process made gold illegal to own.
Today is a whole new ballgame since the FRN dollar has no real value, but there is still a limit to how many FRN dollars actually exist, everything else is created credit. Many FRN dollars have been gathered up by central bankers around the world, therefore the shortage on the market. Many investor are faced with few choices; leave their money in the banks for banks to create more credit, since this is actually the only purpose for banks and how they make their living; or people can take their money out of the bank exchange it for real goods and services and the banks and financial markets will fail. If people decide to take their money out of the bank or financial market there are few options for storing their wealth, this is where gold and or silver comes in handy as a store of wealth, since it is not an investment. Of course my personal choice is to own land and produce my own produce, but of course one man can only own so much land and gold and silver come in handy for trading...
grant

I WOULD BE A BUYER OF GOLD and SILVER at these

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---

prices IF I HAD MONEY TO BUY. I am more interested in Gold than Silver, though.

BUT STILL, MY FIRST PRIORITY IS TO SAVE ENOUGH CASH.

government of the people, by the people, for the people
---

I think I see...

Why silver is the big kicker here. Here's an excerpt from wiki-

"Countries such as China, which had a silver standard, almost avoided the depression entirely. The connection between leaving the gold standard as a strong predictor of that country's severity of its depression and the length of time of its recovery has been shown to be consistent for dozens of countries, including developing countries. This partly explains why the experience and length of the depression differed between national economies".

I started studying this last night after asking on another thread about why I should buy Gold/Silver when my wages and bills are set. I googled "Great Depression" and learned some pretty cool stuff. I thought I'd share.

source- http://en.wikipedia.org/wiki/Great_Depression

Gardening is great but even better is planting fruit trees.

There is risk in gardening, but it is still your best investment. If you have a large enough yard try planting a variety of fruit trees too. You can harvest firewood from your trees (free energy). Just cut the limbs, not the whole tree of course. You produce plenty of apples for canning apple sauce with just one tree, but good to plant a variety, cherries are good, pears, apricots all depends on where you live. Of course if you move to South America you can plant cashew trees to eat the fruit and roast the pseudo fruit for the nuts, avocados plus over 250 other kinds of fruit trees exist in Brazil alone, many not found on the market. We don't need to depend on the government to feed us, they just want us to believe we do.
grant

Yes

Good idea. I have a couple almond trees already. And I just planted a fig, a walnut, a pomegranite, and an apricot.

Current bid: US $14.35 1 OZ. 2008 CANADIAN SILVER MAPLE

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---

17min to go as of this writing!

http://cgi.ebay.com/1-OZ-2008-CANADIAN-SILVER-MAPLE-5-DOLLAR...

government of the people, by the people, for the people
---

if silver gets that high

if silver gets that high again an ounce i dont think its going to be coming back down any time afterwards.

I see a silver bar on eBAY at $18.01 1h 48m to go! Also $16.48

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---

and $15.01 with more time.

http://shop.ebay.com/?_from=R40&_trksid=m38.l1313&_nkw=1+oz+...

government of the people, by the people, for the people
---

Problem with investing in a garden.

The problem is that if I eat everything I planted I will have lost my investment, unless I save enough seed for next year.
With silver if it falls in value you still have something to use as a paperweight or a like you say make jewelry out of it.
As for the Lehman stock, it is pretty much only good for toilet paper or wallpapering your bedroom.
Who knew!
Do you really believe you should sell your silver or gold, it is actually an oportunity to buy unless you believe there is some financial stock out there ready to explode.
grant

I invested in my garden and having a big Thanksgiving dinner.

Perhaps instead of silver you should have invested your $21 dollars you spent on silver in Lehman brothers!
Of course $21 dollars in seeds could have produced a lot of food, who knew.
grant

I have

A garden going. Tomatoes,carrots,chile's, beans,cucumbers, onions. It feels good to actually have tangible things. I can touch,feel, and taste my own food. Like I can touch silver and gold. Tangible.

i need to get ontop of the

i need to get ontop of the gardening .. all we have is a fig tree .. need to get grapes and tomatoes, and maybe try carrots and cucumbers .. my neighbor has a great garden full of stuff

eggplants etc tomatoes cucumbers .. everythig

i should take some planting knowledge from him .. his stuff comes out great

All paper money eventually returns to its real intrinsic value, zero. - Voltaire

yep next spring we will be

yep next spring we will be gardening fools.. right now on my ranch I have 50 head of black angus cattle.. next spring we will be planting lots of food plus I want peach , cherry , apple and plumb trees in this fall!

I am more concerned about the return of my money than the return on my money. --Mark Twain

My garden

I harvestied some blackeyed peas over the weekend. And I was holding a handful and thinking put one in the ground, love it, care for it, and it becomes many. It is a spritual act. The earth and sun and rain will feed you.

I am learning a ton about gardening. I love it.

Very nice post.

I wass right there w/you thinking "multiplication"... it is a spirit thing!

But my black eyes were just planted 2 weeks ago, the deer feassted on the last ones.

i have about 1,100 ounces of

i have about 1,100 ounces of silver i plan on getting rid of on the way past $18/oz

All paper money eventually returns to its real intrinsic value, zero. - Voltaire

arggggggg sierra kicking

arggggggg sierra kicking bunny in the butt!!!!!!!

I am more concerned about the return of my money than the return on my money. --Mark Twain

anyone interested?

anyone interested?

All paper money eventually returns to its real intrinsic value, zero. - Voltaire

Hell, if I could find it at current prices, I'd buy it!

Just checked Ebay... lowest I see a monster box (500 oz) going for is 16.99 per coin! Plus shipping!

Silver is under 11.00. Eagles are being listed for 13.37 on Monex. Quite a gap.

Where's reasonable silver?

I may not know the truth, but I know when I'm being lied to...

I may not know the truth, but I know when I'm being lied to...

Sell now

Sell now!!! Don't wait!! It could go lower. In fact it probably will. Panic now and avoid the rush. Sell, sell, sell!!!! You are losing money every second you delay. You are going to kick yourself for riding this all the way down to zero. Bail out while you can still salvage some of your investment.

I'll take that nasty, valueless silver off your hands. As a favor to you. Just this once.

SELL!!!!

What a saint...

LOL..

lol........... I am more

lol...........

I am more concerned about the return of my money than the return on my money. --Mark Twain

Ha

I only say this because this person has ignored thread after thread encouraging people to hang tight. He isn't listening anyway.

When I talk to people who are really interested in understanding the situation I direct them to Peter Schiff and explain that PMs are a long term strategy.

And to get out of the cursed stock market.

Petroleum falling against dollar, dollar falling against gold.

I suggest you go to you local farmer or local business and trade it for goods. If you have an ounce of silver I bet you they will accept it for a $20 haircut if they have half a brain. Local farmers will also barter in exchange for your silver and you will more than likely get a better deal.
It is real money, it has value.
Another way to save is by paying cash instead of credit card, if you talk to the manager they will likely give you a discount paying cash since they have to pay 1-8% for each charge they accept on credit. Most coin dealers will give you up to 10% discount paying with cash.
By the way gold and silver went up today as petroleum fell. With new discoveries around of petroleum it is more than likely to fall. The media is trying to keep the price of petroleum up, which is probably good cause it teaches people to consume less, which hopefully they will continue to do after the price begins to fall to keep the price down.
grant

You may....

want to rethink that scooter, the stock market down 504 points and gold and silver are set to blast off. Its you money sell if you want.