[nobs]

It's all bullshit and out of the average guys control. Everybody and I mean everyone is saying to buy gold these days and that right there should be a warning bell that this bubble is about to burst. They said the same thing about oil a few years ago when it shot through the roof. They said world demand was too much and the commodity was scarce yet it fell from 140+ a barrel all the way down to the low 30's in a matter of five days. At some point I believe the same thing well happen to these precious metals. What if some country with a huge stock pile of gold decides to flood the market with it and create a selling frenzy. It could very well happen and you could find your gold worth $200 an oz. in a matter of a few days. This game is far more rigged than the NFL and only a fool would play.

I WISH Gold would fall to $200 an ounce. And as I stated in the OP, that could not happen with silver. Why ? Because it already happened. CHINA ( and I can provide a link for proof ) , yes China did that very thing in 1999 to manipulate and hold the price of silver down. All the other major nations of the world have done the same thing over the last 60 years. That is why silver is only $16 an ounce.

Keep in mind, I am talking about silver here not gold. You say what if a major nation floods the market with it. That can only happen for gold, not silver. Nations dont hold mass amounts of silver today. They have been flooding the market for 60 years, that is why silver is so low.

Also, I seriously doubt any nation is going to sell off millions of ounces of gold to get dollars in this enviornment. China lowered its hold of US securities and bought gold. Countries are moving out of the dollar not into it. To do as you suggest while the US govt overspends trillions per year would be insanity.

Also, I guess we were reading different media, but when oil was $140 an ounce, all I heard was that it was speculation and the price would collapse. But anyways I would love Gold to fall to $200, I would buy like crazy and wait for it to go up almost 300% ( Just like OIL has done since it fell into the 30's as you said )

[nobs]

Emily has it right. Gold and silver is driven by the speculators as was oil.

Once we start getting this economy back on track and the dollar climes, metals will drop
like a rock. Wait until the metals make a big dive, then buy. Better yet a double bottom.

When silver fell to $10 an ounce last year, there was noone in the world selling a physical ounce for less than $14. Most buyers were paying $15-$17 an ounce. Real world prices are what matters.

How is the dollar going to climb when our gov't is 12.5 trillion in debt, borrowing another $400 billion a day, and intends to over spend 1 trillion to 2 trillion per year for the rest of this decade ?

This is like me quitting my joand putting 10 K per month on my ************ for 10 years and talking about just wait until I get it all paid off.

It isnt going to happen

[nobs]

Hunt brothers tried to corner market in 70's and went broke

They did not go broke, they went to prison.

[THEGREAT30]

sportsbettor, good day

[maersksealand]

hes not talking about gold, hes talking about silver. did you read what he said about supply and did you read what i said about usage and practical applications.

'British Soldiers to Get Germ-Fighting Underwear'
http://www.usatoday.com/news/world/2...nderwear_x.htm

it is a beautiful germ-killing, superconductor

Dude, don't be ridiculous...this legend about the world running out of silver is at least 50 years old.

I'm so tired of stupid stories like "my dealer is out of silver"...well, in this case why not going to Sears and buy a fukin truck load of silver forks and spoons ?

There is no logical reason for the prices of gold or silver going up...they are both manipulated...and soon the metals market will end exactly how the stock market, real estate market, oil market and other bubbles ended...at the bottom...in the end you will have just another few tens of millions of fools losing their money overnight.

[reno cool]

My angle is that the gov`t knows that the Mayan calender is right and that man`s time is near and end. If I am wrong I really don`t care as we are going to be speaking Chinese some day later this decade anyway. Either way, not good. So yes, I call myself a gambler.

oh please, it would take me more than a decade to learn Chinese.

[nobs]

Dude, don't be ridiculous...this legend about the world running out of silver is at least 50 years old.

I'm so tired of stupid stories like "my dealer is out of silver"...well, in this case why not going to Sears and buy a fukin truck load of silver forks and spoons ?

There is no logical reason for the prices of gold or silver going up...they are both manipulated...and soon the metals market will end exactly how the stock market, real estate market, oil market and other bubbles ended...at the bottom...in the end you will have just another few tens of millions of fools losing their money overnight.

Dude the price of everything goes up and has gone up. I dont know where you get this "bubble" talk, the price of silver today adjusted for inflation is about as low as it has ever been.

$16 an ounce today is certainly a lower price than $2 an ounce in 1968, or $5 an ounce in 1985, or $6 an ounce in 1993.

If you think that our Gov't can overspend $2 Trillion Dollars this year and next and last year and the another $1.5 Trillion a year for the rest of the decade and silver is going to fall to $3 or whatever, well then we just disagree on that 100%.

I dont know who said " silver is running out ", I reread this thread and in fact you are the only one who said that. I said the world had 10 billion ounces.

Yes, the silver market like all markets fluctuate. Someone pointed out that gold fell $100 in one day, what they convienently didnt mention was that during the week where it fell $100 in one day (9%, not 30% as quoted ), it went up overall that week. They failed to mention that gold has exploded from $950 to $1230 in maybe 8-10 trading days and naturally had a correction. No market goes up in a straight line.

I am talking about silver for the long haul, not suggesting that you buy in today and try to sell on friday. You do that and you might well lose. In any given day, silver could fall of course. Over the long haul I am saying it cant and wont. Someone talked about a 30% drop in one day. Never in the history of the world has silver ever fallen 30% in one day. Still, it wouldnt be that big of a deal. By the way, Silver is up 3% since I posted this thread last night. It went up almsot 50 cents or 3% today. I would have just as soon it fallen 3%. Im buying, not selling.

Can I say 100% on my life for sure that silver will go up ? No. Of course not, but we are gamblers right ? Here is something that has better than a 95% chance of going up in the long run, you arent going to find a better line at any sportsbook in the world.

And yes I know there seems to be a lot of silver. 10 billion ounces is a lot I guess. Thats 160 Billion dollars, roughly equivalent to the deficit that out gov't will run --- this month.

[blittydeuce]

Nobs has stiffed over 1000 points, watch out people.

[DOMINATER]

empire, its not how rare a metal is its how many uses does that metal has, silver is used big time with electronics etc

[DOMINATER]

nobs, I dont recomend the stock market whether its metal. paper . chemical cash nothing , I GOT SHELLACED 3 TIMES in my life and I was with the wise guys of wall street so far i am down over 1 million dollars cash, alot of hard earned money, and like I SAID I WAS BEING GUIDED. If you guys are wise forgetaboutit.........

[DOMINATER]

gold will never drop that low if it does this economy is cooked

[blueghost]

sounds like great tip thx..had some gold in the late seventies it came in handy when the economy went down and the interest rates skyrocketed in the early eighties

[konck]

I just got a roll of dimes

[nobs]

Just released that our gov't had a deficit of 2.2 Billion Dollars for the month of Feb 2010. That is the highest ever in history. That 2.2 Billion dollar deficit for 1 month is more than the value of all the silver above ground in the world today.

Keeping your assets in the dollar --- That is a game that "only a fool would play"

[nobs]

By the way, Silver up 1.00 ( about 6% ) since this thread was posted.

I am not glotaing, I actually want it to fall. Still waiting on that "30% drop overnight". That would be very sweet. Would love to buy some silver for $12 an ounce tommorow. Still waiting for silver to drop 30% overnight. Wont hold my breath though, since if it does that would be the first time in the history of the world that silver has dropped 30% in one day.

[Joe Dogs]

Has anyone had any investing experience with Platinum?

[robmpink]

you are crazy.

[nobs]

Yeah yeah Robpink, I know all about it. Silver will collapse, will fall 30% overnight, will become worthless. Yeah I have hear it all a million times.

It has "collapsed" 1 time. That was in the early 80's. Meanwhile, the stock market collapsed in 1929, 1962 ?, 1987, 2001, and 2009, just to name a few times.

The "30% drop overnight" myth --- never has that happened ever in history. The Currencies of nations have several times.

The will become "worthless" myth. Silver has been money for thousands of years. Long before the dollar ever existed, and it will be worth money long after the dollar is gone from the Earth.

But anyways you keep right on believing all those talking heads who always talk about how dangerous the commodities market is, all the while telling people not to worry about a temporary stock market crash. After all, Long term is what matters they say. Keep on believing what they say. I am sure their "opinions" have nothing to do with the fact that they make 6 figure salaries when people invest in the stock market and nothing when people buy silver.

[nobs]

And dont you worry about the fact that our Gov't overspent 2.2 Billion dollars last month and plans to overspend 2 trillion dollars this year. You just keep on making those dollar denominated investments. I am sure 30 trillion dollar debt wont hurt you dollar denominated investments. After all, $17 an ounce is an outrageously high price for an ounce of silver. damn it took me 6 minutes to type this message, our govt just went another $45,000 in debt.

[RageWizard]

Yeah, some of yous have the right idea. I've been playing gold -- GLD, AUY and Silver --PAAS, but I think the best is going to be copper. Copper is in just about everything, and if this economy ever picks up, they will be useing allot of copper. Try SCCO ( formerly PCU), and FCX.

I don't buy the actual commodity, because you really have to know what your doing, and the mining stocks associated with them, or the ETF associated with them usually move quicker.

[Dirty Sanchez]

Got to love the Pumpers n Dumpers....they work every board and every angle

[nobs]

No dumping here. This is a gambling board. many people posting investments, just usually its stocks. Funny all you haters just keep regurjutating the same old talking points, but never offer any reason why silver is a bad play.

Funny how you all ignore the 2.2 Billion dollar deficit last month, yeah last month not last year. Or the 2 + trillion deficit we will have this year, or the soon to come 30 trillion cumulative debt.

Yeah I am going to sell me silver for $17. LOL. In the 3-4 minutes it would take me to make that transaction, our gov't would fall $30,000 further in debt. Yeah give me dollars.

[RageWizard]

I'm not a hater, I just don't do the actual commodity. I go for the ETF, or the miner of that commodity. It is all a play on this crazy money printing machine the U.S. is doing. Hell you at least in the right neighborhood, I see shows on T.V. telling people to buy retail as a play on the consumer. What are you kidding me, with no jobs, and all the companies making money by cutting more jobs, and wiht no jobs in sight. Stay with the commodity plays.
BTW, now that we have pissed off China and they won't buy our debt in the form of 10 year treasuries, we buy them ourselves through shadow deal in little island countries. Why do you think the fed is having a heart attack about legislation introduced about opening the books of the FED.

[nobs]

Yeah Rage Wizard, I was talking about Dirty Sanchez. I agree with you.

Its funny how people on the other side are always using scare tactics talking about PM's collapsing or even falling 30% over night. That has never happened. Its ironic that these same people completley ignore our gov't reckless deficit spending, like that has no effect on anything.

Our gov't is intentionally collapsing the value of the dollar so that we can better compete in a global economy. There are no plans to rein in the debt until the deficit reaches 30 trillion minimum. Even the CBO and Obama administration has said we will run deficits all decade of 1 trillion + per year.

Silver cannot collapse in this enviornment. And by the way, if it falls 8-10% to $15 I will be happy.

[Outlawdino]

i don't think silver is a good investment, probably a better idea to get into something more scarce !!!

silver is scarce..more so than gold...do the research and you will see for yourself.

[Outlawdino]

Has anyone had any investing experience with Platinum?

Yes, I personally don't touch it.

[Outlawdino]

Nobs, just ignore the "haters" and keep doing what you are doing...you are on the right track. I meet people everyday who wish they started buying when I did at $6.34/oz...thru $11/oz and still to this day...I won't stop until "the economy gets better" and that day isn't anytime soon. As for those who say it's too high to buy, well, they will be the same haters or wishers when it's $20/oz....$30/oz, ect, ect, ect. Kitco.com has the historical charts which are fairly self explanatory....the trend is UPWARDS and nobody knows where nor when it will end.

[Dirty Sanchez]

On the other side? lol...yeah I'm on the other side. If I had a dollar for every "investment" post on every board from here to Yahoo and beyond I would be a zillionaire. People pump that dog everyday....2 banger, 3 banger, etc. etc. If it was such a great investment don't you think it would be all over the place getting advertised like the Goldline folks? Oh that's right, it's a hot tip before the train leaves the station right? I think I've seen that one before as well.

[Peep]

Hunt brothers tried to corner market in 70's and went broke

I wouldn't mind being as broke as the Hunt Brothers, or Donald Bankrupt Trump.

Things that make you go humm.....

It was an interesting story with the Hunts cornering the Silver market though. They ALMOST made it.

[nobs]

On the other side? lol...yeah I'm on the other side. If I had a dollar for every "investment" post on every board from here to Yahoo and beyond I would be a zillionaire. People pump that dog everyday....2 banger, 3 banger, etc. etc. If it was such a great investment don't you think it would be all over the place getting advertised like the Goldline folks? Oh that's right, it's a hot tip before the train leaves the station right? I think I've seen that one before as well.

It is "all over the place ". Hmm. So you say it must not be a good investment since its not all over the place.

Emily haines says its sure to collapse because it is "all over the place".

Well at least you haters are consistent -- Not.

[nobs]

silver is scarce..more so than gold...do the research and you will see for yourself.

Exactly Outlawdino. Agree with you 100%.

These haters say so many things that are just 100% wrong. There is MORE GOLD above ground than Silver. Gold is hoarded by nations and large corporations. Silver is traded daily. They see more silver being traded, therefore there must be more silver.

Last year ( as every year for the last 30 years) there was about 650,000,000 ounces of silver mined and almost 800,000,000 consumed. There was also 100,000,000 ounces of gold mined and virtually 0 consumed.

[Outlawdino]

I guess I just have to ask myself...if silver/gold, ect are not important or relevant over the long term or in the market in general, and all the haters are right...then why are there markets to SUPRESS their value? Why is there more silver than exists being shorted? How and why could this be done? Why are these very powerful bankers so afraid of gold and silver that they feel the need to manipulate their values on the downside/shorting?? And a stock market that is being kept up by the plunge protection team??? The average thinking is upsidedown and totally flawless. Please, can someone give me a relevant and logical explanation of why I should not even consider gold and silver as an investment? We, as a national economy are experiencing a hang over from the last 15 years or so of a huge credit exapansion orgy....now we have the hangover, and it is going to hurt for a while....draw your line in the sand....make your decisions in life now for the future and be smart about it. As General George S Patton was quoted "make a decison and do it like hell".

[RageWizard]

I guess as my final word on the subject, I will state this. Commodities as a investment are poor in terms of Gaining wealth, however they are excellent in retaining wealth. I invest in commodity mining stocks as a way to retain my wealth not gain more wealth. Now if the dollar tanks, and I need more of them to buy anything. Commodities will reflect that and in turn the same amount of said commodity will require more dollars to obtain. So in short, if you believe that the dollar is being devalued, gold is a way to retain the wealth the dollar once had.

[nobs]

Up another 2% today.

Up about 8% since start of thread

[benjy]

Interesting thread.

It costs them more than $16 an ounce to mine it

Nobs, just curious, where did you get this figure?