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Re: Silver at 5 year low
[Re: BradB]
#1384921
07/07/15 02:36 AM
07/07/15 02:36 AM
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Joined: Oct 2005
Posts: 1,459
AL
cullbuck
8 point
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8 point
Joined: Oct 2005
Posts: 1,459
AL
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Cullbuck, just interested in what investment with a decent return does not go up/down and have some risk. Dang sure is not the stock market or real estate.
The stock market has given an annual AVERAGE return of around 11% over the last 70-80 years. Short term, anything is risky. Long term, the market has not been. Real estate (rental units) can have a greater return from rental income & property value increase, but its much more hands on involvement type income. What is the annual average LONG TERM rate of return of silver?
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Re: Silver at 5 year low
[Re: Blong]
#1384969
07/07/15 03:44 AM
07/07/15 03:44 AM
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Joined: Dec 2001
Posts: 13,907
AL
hunterbuck
Booner
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Booner
Joined: Dec 2001
Posts: 13,907
AL
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I never have understood why gold, silver or diamonds are worth much. They are useless pieces of vanity. I think that a sack of vegetable seeds and a hoe should be worth more. But like I stated, I don't understand economics. Availability. One can get all the vegetable seeds one wants, and all the hoes one wants. You grow vegetables with your seeds, and the vegetables make more seeds. There is a limited supply of gold and silver on this earth.
"You think I care? Roll Damn Tide"
Have you tried Google?
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Re: Silver at 5 year low
[Re: Blong]
#1384985
07/07/15 03:59 AM
07/07/15 03:59 AM
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Joined: Dec 2001
Posts: 13,907
AL
hunterbuck
Booner
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Booner
Joined: Dec 2001
Posts: 13,907
AL
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But how can gold or silver help one live. Can't eat or drink it, not a source of heat or cooling, can't shelter us from the weather. It just seems silly to me that something totally useless as a means for survival is needed to survive. You were correct earlier...you don't understand economics at all.
"You think I care? Roll Damn Tide"
Have you tried Google?
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Re: Silver at 5 year low
[Re: deerchop]
#1385021
07/07/15 04:48 AM
07/07/15 04:48 AM
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Joined: Feb 2009
Posts: 5,577
Tuscaloosa, AL
Bowfool
12 point
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12 point
Joined: Feb 2009
Posts: 5,577
Tuscaloosa, AL
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Boy's, if it gets that bad alcohol will be in high demand. Invest now.  I try, but I keep drinking it!
‘Obama Is the Greatest Hoax Ever Perpetrated on the American People’ - Clint Eastwood
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Re: Silver at 5 year low
[Re: jmj120]
#1385038
07/07/15 05:04 AM
07/07/15 05:04 AM
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Joined: May 2002
Posts: 8,030
Central Alabama
muzziehead
14 point
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14 point
Joined: May 2002
Posts: 8,030
Central Alabama
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You just have to look at where silver is used. For example, without silver, there would be no airplanes flying around, ovens to cook your food, phones to talk on, etc etc. It is a precious metal that is used in several different conductor constructions that in turn are used to manufacture various wires and cables that most folks never see.
It has more value than you might think. I just wish it would go back up to at $40 range, it is killing my sales figures. Selling as much if not more footage but at a much lower revenue.
"Don't cling to Mistake, just because you spent a lot of time making it."
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Re: Silver at 5 year low
[Re: BradB]
#1385048
07/07/15 05:17 AM
07/07/15 05:17 AM
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Joined: Jun 2014
Posts: 3,442
Sumter County
sumpter_al
10 point
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10 point
Joined: Jun 2014
Posts: 3,442
Sumter County
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I have bought locally but can usually beat them on-line. I have used JM Bullion, Gov Mint and Ampex with no problem, whoever,is lowest with shipping.I do the rounds and Eagles about 50/50.I consider this more a part of my SHTF preparation than a typical investment.
Cullbuck, just interested in what investment with a decent return does not go up/down and have some risk. Dang sure is not the stock market or real estate. In my opinion some silver is a good idea for SHTF but I would not go crazy. If things truly go into the crapper, I would rather have more long term food storage and more ammo. Much more ammo. And with long term food storage, never buy anything you don't already eat. In dry goods I have a lot of red wheat, beans and pasta stored. All will last 20+ years when stored properly. If I were to lose my job I know I can feed my family for a long time. With that being said I think buying silver as an investment is probably a good idea. I doubt it will go much lower (it is already close to the cost to mine it now).
I love my country, but don't trust my government.
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Re: Silver at 5 year low
[Re: jmj120]
#1385071
07/07/15 05:48 AM
07/07/15 05:48 AM
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Joined: Sep 2009
Posts: 2,775
Florida
jacannon
10 point
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10 point
Joined: Sep 2009
Posts: 2,775
Florida
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Who controls the silver market and keeps the price low?
Grandma said...Always keep a gun close at hand, you just never know when you might run across some varmint that needs killing...
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Re: Silver at 5 year low
[Re: sumpter_al]
#1385098
07/07/15 06:24 AM
07/07/15 06:24 AM
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Joined: Oct 2009
Posts: 5,690
Henry county
coldtrail
12 point
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12 point
Joined: Oct 2009
Posts: 5,690
Henry county
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I have bought locally but can usually beat them on-line. I have used JM Bullion, Gov Mint and Ampex with no problem, whoever,is lowest with shipping.I do the rounds and Eagles about 50/50.I consider this more a part of my SHTF preparation than a typical investment.
Cullbuck, just interested in what investment with a decent return does not go up/down and have some risk. Dang sure is not the stock market or real estate. In my opinion some silver is a good idea for SHTF but I would not go crazy. If things truly go into the crapper, I would rather have more long term food storage and more ammo. Much more ammo. And with long term food storage, never buy anything you don't already eat. In dry goods I have a lot of red wheat, beans and pasta stored. All will last 20+ years when stored properly. If I were to lose my job I know I can feed my family for a long time. With that being said I think buying silver as an investment is probably a good idea. I doubt it will go much lower (it is already close to the cost to mine it now). I agree with the dry goods, my wife keeps ours stocked. I also want to add a large diesel tank, storage for fertilizer and chicken feed, and increase my seed storage. I've told my wife when I retire Im going to have everything ready and see how long I can stay on my land without leaving.
"And the days that I keep my gratitude
Higher than my expectations
Well, I have really good days" Ray Wylie Hubbard
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Re: Silver at 5 year low
[Re: jmj120]
#1385186
07/07/15 08:14 AM
07/07/15 08:14 AM
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Joined: Dec 2001
Posts: 15,142
Fairhope
bamachem
Old Mossy Horns
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Old Mossy Horns
Joined: Dec 2001
Posts: 15,142
Fairhope
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When the dollar is weakening, precious metals will spike. When the dollar is strengthening on the world market versus other curriencies, metal pricing will fall. That's the economics involved here. Traders are looking at a strengthening dollar (comparatively) so they are valuing silver at a lower rate when traded (sold) for US dollars.
MOLON LABE
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Re: Silver at 5 year low
[Re: Blong]
#1385194
07/07/15 08:24 AM
07/07/15 08:24 AM
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Joined: Aug 2005
Posts: 8,363
Montgomery
WmHunter
14 point
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14 point
Joined: Aug 2005
Posts: 8,363
Montgomery
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I never have understood why gold, silver or diamonds are worth much. They are useless pieces of vanity. I think that a sack of vegetable seeds and a hoe should be worth more. But like I stated, I don't understand economics. Scarcity = value = same thing as money. And not just money, but REAL money, not fiat paper currency which is what we and the rest of the world has. When the crapper hits the fan paper currency and all the digits in the computers of your bank/savings/cd/401-k accounts will plummet in value, but **hard** currency like precious metals and diamonds will sky rocket in value.
"The Tree of Liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson
" Chuck Sykes is a dictator control freak like Vladimir Putin " WmHunter
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Re: Silver at 5 year low
[Re: jmj120]
#1385232
07/07/15 09:06 AM
07/07/15 09:06 AM
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Joined: Jan 2012
Posts: 9,805
North Jackson
ridgestalker
14 point
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14 point
Joined: Jan 2012
Posts: 9,805
North Jackson
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I believe it will go as low as 8 in the next year.
"The Heavens declare the glory of God;and the firmament sheweth his handiwork" Pslam 19:1
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