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Ed Zimmer
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Ed is a graduate of The School of the Ozarks (now known as College of the Ozarks) in Southwest Missouri. He spent 14 years in broadcast news in the Midwest covering, among other things, commodities. He is currently manager of a healthcare support facility doing over two million dollars a year in... More
  • Still time to buy Physical Silver 1 comment
    Dec 3, 2009 10:25 AM
      Buy the Dips.   We get told this on a regular basis, but trying to time our purchases to the ups and downs of the daily swing can be frustrating and harrowing at the same time.

      Everyone is talking about how they got in at under $10 an ounce or under $12 and while I'm comfortable at my entry point, I'm also looking for continued opportunities because of what I believe to be a bullish direction for silver.

      The Key here, like all good buys, is to be happy where YOU are, not where someone else says they are.    We all have the neighbor who, when you drive the new (or new to you) car home, they compliment you on the purchase and then want to know what kind of a deal you got.   Once you tell them, there is the inevitable "Wow, I could have gotten it for "XX"".   The point here is, if YOU think YOU got a good deal, who cares what the neighbor thinks?     If you are comfortable with the purchase and can sleep at night, then you don't worry about where others are.

      Yes, you can make money day trading silver, and you can lose it.   It's like any other investment.   But in the long run, Silver has benefits that dollar don't.   It's not backed by the Federal Reserve, it takes extreme heat to change its shape and it's still Silver, unlike FRN's.    It has medical uses and it's pretty to look at (again, unlike FRN's).

       There are what I believe to be a few more opportunities to purchase physical silver and one of them is occuring right now.    Don't bet the farm, but if you have a few spare FRN's, now's the time to invest in YOUR future.   It's YOUR deal, do your research and decide for yourself.   You can hold a FRN that is steadily losing value since March, or you can hold Silver which has doubled in value in relation to those FRN's in a years time.   

    Disclosure: Disclosure: Long SLV, GLD, Physical Silver, retirement accounts
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  • TWTFG
    , contributor
    Comments (249) | Send Message
     
    Hi Ed:
    I wonder why most of PM articles and "PM expert writers" never talk about Silver and Gold Derivative positions , the current amount is simply astounding and could explain the silver price variations and its potential price manipulation .
    According with the report Silver derivatives total $203 billion (Notional amounts outstanding) representing a Gross market values of $32 billion !!
    Those amounts of money in paper Silver can be explained with Fed or Big Market Masters funds.
    In the other hand , the amount for gold derivative is "only" $ 425 billion , only two times bigger than Silver , "very low ratio" considering the 62 current price ratio !!!

     

    INFO HERE !!
    Table 22A: Amounts outstanding of OTC equity-linked and commodity derivatives
    By instrument and counter-party
    In billions of US dollars

     

    www.bis.org/statistics...
    3 Dec 2009, 10:16 PM Reply Like
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