If they can find miners willing to risk their lives for $10 an oz silver I would be quite surprised. That being said. Finding productive mines where silver would be worth only $10 an oz would be quite the mine. I don't know of any that currently produce that quantity in order to keep a price that low. Now gold on the other hand is primarily used for bangles it's value is highly inflated. If the wall street vaults actually contain the quantity stated in their banking reports then why is Germany having such a problem collecting their gold?.
The long-cycle in precious metals has peaked, writes Citi's Jon Bergtheil, arguing we'd need a level of systemic risk higher than the past few years to warrant a continued bull run. Especially vulnerable are the PM miners (GDX, SIL) which benefit from what may be mistaken belief $35 silver and $1,600 gold are the "new normal." [View news story]
Exactly since when has Citi told the truth? They were #1 in bogus home loans. They never mention that did they? Exactly what makes them trust worthy now?
Current Rate Of Silver Buying Cannot Continue At Current Price [View article]
Excellent comment. The idea of paying dividends in metal is a very good one. As is mining the hardest to get ore first. There by increasing the price and lowering out put until the bankers causing the manipulation feel the squeeze.
Let it stabilize like it always does. I have the book values from year to year on all my silver. I have yet to lose a cent on it's value. It has been a jumping game since day one. Yet it has not failed to come back around since the trading of beads for corn.
The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
One more time if it's not in your hand you don't own it. For those of you who are still skeptic see how many silver mines are in operation and the cost it takes to produce one ounce. This includes fuel machinery workers same as any other mining business. Fact is the ore supply is short. It is ore of lower quantity and lower quality as compared back in the day of the Nevada mines. There was a time you could buy a Morgan proof coin for $4 90% silver 10% copper. Try and do that now. Or try and buy the .999% Standing eagle coin. for a similar price.
The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
The last time Mr Sprott bought a large quantity of silver it took a few days for the price to reach $40. an oz. Mr Dimon at JP Morgan Chase is in EFT paper sales being the largest EFT sales bank. With a few key strokes it can look like anything he wants on the computer. What it does not reflect is the cost of the mining process as well as the quantity of metal yet mined plus the availability of the ore.
Stocks And The Presidency: What To Expect When You're Electing [View article]
I Agree with that to a point. Here is a piece from 2005. I know I know inter net. But it can be verified about 3/4 down the film tell me if its not exactly fact. GoldSilver.com - Mike Maloney Predictions 2005 - Right or Wrong? Just google this piece.
Stocks And The Presidency: What To Expect When You're Electing [View article]
You being a Republican speaks volumes, if most are like minded as you we may survive this persons attempt at president. I am independent. I have met the man. I have witnessed his action in person. He is not what he says he is. We here in Utah are still paying for the Olympics. Where most of the monies came from you and I the tax payer.
What Will Happen To Silver This Quarter? [View article]
I would almost agree with you except for one issue. I have been collecting silver Peace and Morgan dollars since the 60's yep when they were a dollar, even before the grading services. I blame it on my grandfather. he got me hooked by giving me a few a year. When Nixon took us off the Gold standard he started collecting his change. Now had my father who inherited most of the coins had kept them I would be very wealthy now. Instead I just kept buying perfect silver dollars. Over the years I have kept them all. Now the picture is very much different. even my worst piece is worth $95 wholesale. Whether it rises or falls. Needless to say I'm loving every minute of it.
I understand fully. Yet who do you think will survive this issue? It won't be the working class. Unless of course they were smart and bought Gold and Silver with which to barter for items of use. I was just pointing out a old fall back line of we need to cut entitlements.
We have a problem with most voters on the term "entitlement programs". They don't seem to realize that these are for the most part have worked all their lives and put into the system. Some have become disabled, wounded veterans. Others have not. Politicians retirement funds. Now does anyone think they will cut their own throats? It is not just people that have no desire to work it's for the most part people that can no longer work. I am included in this area. As a Veteran I came down with a disease that was from military service. But I still worked for 30 years before it became to ill to continue. Now is it fair to cut off. The only means of support that some of us have left?
Sell Silver Now? [View article]
The long-cycle in precious metals has peaked, writes Citi's Jon Bergtheil, arguing we'd need a level of systemic risk higher than the past few years to warrant a continued bull run. Especially vulnerable are the PM miners (GDX, SIL) which benefit from what may be mistaken belief $35 silver and $1,600 gold are the "new normal." [View news story]
them trust worthy now?
Current Rate Of Silver Buying Cannot Continue At Current Price [View article]
A sliding dollar is of no help to sensitive commodities, all tumbling in early trade. GLD -1.4%, SLV -2.2%, USO -1.2% premarket. [View news story]
Silver Trading Range Ready To Change [View article]
What Will Happen To Silver This Quarter? [View article]
The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
Exposure To Gold For A Fraction Of The Cost [View article]
Stocks And The Presidency: What To Expect When You're Electing [View article]
Stocks And The Presidency: What To Expect When You're Electing [View article]
What Will Happen To Silver This Quarter? [View article]
USA Inc.: Buy, Hold Or Sell? [View article]
USA Inc.: Buy, Hold Or Sell? [View article]
What Will Happen To Silver This Quarter? [View article]