Littlegrey

High Premiums on Silver? Better to Buy Gold

I don't know if "waldipup" is right for sure, but just from lurking hundreds of opinions, posts and articles over the last few months, it sure looks like the inevitable INflation due to trillions of $ in "liquidity" that has been "pumped" into the "financial/banking system" to save the world's economies (Ha!) have created a worldwide (except South Korea) hoarding of the U.S. dollar as it is the currency for now that all others are "pegged" to. This has made the dollar stronger vs. most other world currencies, that plus the national fear now of job loss has created soft demand and the two appear to be DEflationary. BUT it will be short lived as it becomes clear that the U.S. will have promised SO MUCH of it's GDP (our guts, labor and resources) that it will itself become an insolvent lender. All HELL breaks as a settling, smooth talking president tries to calm our nation's citizens. Who knows, the Amero becomes the new No. American currency? Something will blow and the players are just about ready to perform the show. Terrorists smelling weakness as our remote control, drug and fast food addicted diabetic gluttonous citizens find out their charge cards are maxxed at $100 and they can't afford a fantasy week in Vegas or Orlando. Our nation's elite hide in Montana, Texas, Connecticut and overseas in sentry guarded estates as the socialists ballyhoo "I told you so"...and Atlas will shrug as another farse is played out on well meaning people.


On Dec 03 09:25 PM User 312287 wrote:

> To "waldipup",
>
> This one is easy...
>
> 1) Comex silver is (purposely) VERY HARD to acquire, and the Comex
> does all it can to make sure you have to jump through hoops to actually
> take delivery.
>
> 2) Comex 1000 oz silver bars must be re-assayed to be resold. Not
> too many people are interested in doing that and/or melting it down
> and pouring it into smaller bars or rounds.
>
> 3) I agree with the author that from an INVESTING point of view,
> the high premiums make for a bad deal, and an assuredly losing investment.
> The likelihood is that (at best) the "investor" will break even.
> HOWEVER, most people who are buying (AT PRESENT) are doing so as
> a "store of value" to protect from the distinct possibility -- perhaps
> INEVITABILITY -- of the US Dollar hyperinflating and collapsing to
> worthlessness.
>
> 4) Those who would laugh at #3 are the same people who too easily
> forget that only six months ago we were staring down the barrel of
> $147 oil, $4.50 gal gas, and worldwide inflation. (Note: Worldwide,
> inflation is STILL a problem). These people have much too short of
> an attention span. Deflation will end when the deleveraging ends.
> That will, NO DOUBT, happen soon enough.
>
> 5) When inflation returns, people will realize that the "obvious"
> trade (which RIGHT NOW is the US Dollar and US Treasuries) is, AS
> ALWAYS, the *wrong* trade.
>
> 6) The "final" bubble is US Treasuries. Once that blows, the party
> is over, and then people will WISH they had "overpaid" for precious
> metals.
>
> 7) I do however agree that right now gold is the better hedge against
> loss via hyperinflation.
>
> 8) Please don't even use the *word* "deflation" as an argument. We
> are NOT experiencing TRUE MONETARY deflation. This is merely an "unwind",
> and a LOT of people are being set up for a big fall when it ends
> - (soon enough).
>
> ----------------------...
>
> On Dec 02 10:17 AM waldipup wrote:

MAG Silver Spikes After Takeover Bid

I'm a novice to the PM miner companies and thought a company with interests purely within the borders of the U.S. would be the the way to go (like Hecla). Then I read a well authored article about how the NAFTA agreement (which I find deplorable for our country) allows gracious rights to foreign investors of mining operations within Central America, notably, Mexico. Perhaps this is one angle to get a small investor's edge on the huge powers that will not listen to it's own population after they get voted into office. Use NAFTA to your own advantage financially, but also act on the behalf of our American sovereignty when possible. New concept to Americans, but a very "Old School" cultural strategy in Europe.

High Premiums on Silver? Better to Buy Gold

This article and the comments are the discussions that are necessary to help resolve what the hell is going on with physical vs. paper silver at this time. "Pungent"s post on Dec. 2 is how I see it too, having paid a high premium for Silver Eagles, I feel they would be far more widely acceptable in a true or even perceived monetary crisis domestically and I'm willing to pay the price. I'm not going to exchange a 1000 oz. ingot for a week's groceries and expect change in 100 oz. bars and there won't no assayer on site to validate the purity anyway. If the govt. confiscates PMs, the Silver & Gold Eagles could be called in too, but they are "legal tender" in the U.S. and the fact that there are millions & millions of them dispersed in the population will make it difficult to enforce. Eagles would become a very valuable bartering unit and that scenario has INDEED played out at various times around the world in it's human history.