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Re: Silver at 5 year low
[Re: ridgestalker]
#1385239
07/07/15 09:15 AM
07/07/15 09:15 AM
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Joined: Jan 2014
Posts: 1,209 Lamar
Fishduck
8 point
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8 point
Joined: Jan 2014
Posts: 1,209
Lamar
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I believe it will go as low as 8 in the next year. What is your rationale behind that?
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Re: Silver at 5 year low
[Re: jmj120]
#1385246
07/07/15 09:26 AM
07/07/15 09:26 AM
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Joined: Jan 2012
Posts: 9,807 North Jackson
ridgestalker
14 point
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14 point
Joined: Jan 2012
Posts: 9,807
North Jackson
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Look at the 100 year chart. It's worth today what it was 100 yrs ago. It bottomed out at $ 5.65 in 2000.
"The Heavens declare the glory of God;and the firmament sheweth his handiwork" Pslam 19:1
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Re: Silver at 5 year low
[Re: bamachem]
#1385256
07/07/15 09:37 AM
07/07/15 09:37 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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I believe it will go as low as 8 in the next year. What is your rationale behind that? This 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.
http://www.forbes.com/sites/pascalemmanu...e-here-to-stay/However, low oil pricing is hurting the fracking boom, and slowing the dollar. On the contrary, Greece is devaluating the Euro, which is offsetting our loss of momentum. Here's some more good info: http://www.businessinsider.com/what-the-...g-green-2014-10
MOLON LABE
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Re: Silver at 5 year low
[Re: Blong]
#1385260
07/07/15 09:42 AM
07/07/15 09:42 AM
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Joined: Apr 2007
Posts: 13,714 Over yonder
extreme heights hunter
Booner
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Booner
Joined: Apr 2007
Posts: 13,714
Over yonder
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Why would the current owners of silver have it for sale? fearing it will continue to fall and take years to come back?
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Re: Silver at 5 year low
[Re: bamachem]
#1385305
07/07/15 10:43 AM
07/07/15 10:43 AM
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Joined: Jan 2014
Posts: 1,209 Lamar
Fishduck
8 point
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8 point
Joined: Jan 2014
Posts: 1,209
Lamar
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I believe it will go as low as 8 in the next year. What is your rationale behind that? This 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.
http://www.forbes.com/sites/pascalemmanu...e-here-to-stay/However, low oil pricing is hurting the fracking boom, and slowing the dollar. On the contrary, Greece is devaluating the Euro, which is offsetting our loss of momentum. Here's some more good info: http://www.businessinsider.com/what-the-...g-green-2014-10 Thanks for your explanation!!!
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Re: Silver at 5 year low
[Re: Blong]
#1386009
07/08/15 11:37 AM
07/08/15 11:37 AM
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Joined: May 2013
Posts: 1,172 cullman, al
JT9
6 point
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6 point
Joined: May 2013
Posts: 1,172
cullman, al
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Why would the current owners of silver have it for sale? are you trolling or are these real questions?
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Re: Silver at 5 year low
[Re: jmj120]
#1386065
07/08/15 01:37 PM
07/08/15 01:37 PM
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Joined: Nov 2005
Posts: 3,831 Jasper
buckhunter2
10 point
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10 point
Joined: Nov 2005
Posts: 3,831
Jasper
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If you have a good crystal ball then why not just buy USLV (a 3X ETN) if you think silver is going higher? or DSLV (3X inverse) if you really think it's going lower?
You get 3X the return on your investment w/out the hassle and risk of storing physical silver.
You're only as good as your worst shot-
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Re: Silver at 5 year low
[Re: buckhunter2]
#1386142
07/08/15 03:36 PM
07/08/15 03:36 PM
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Joined: Feb 2007
Posts: 18,938 colbert county
cartervj
Old Mossy Horns
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Old Mossy Horns
Joined: Feb 2007
Posts: 18,938
colbert county
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If you have a good crystal ball then why not just buy USLV (a 3X ETN) if you think silver is going higher? or DSLV (3X inverse) if you really think it's going lower?
You get 3X the return on your investment w/out the hassle and risk of storing physical silver. There in lies the problem I have with the market. It's how derivatives have been overvalued tenfold. How can an ETN/ETF be viable? All you have is a piece of paper saying it's worth this unless the market craps out. After all, those CDOs were of high value till the SHTF. Got to wonder if the correction that didn't happen in 2008 is about to happen now? China has lost almost half it market value, Billionaires are watching as they loose big money daily. I think it's time to sit on the sidelines for a while, call me gun shy after 2008.
“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan
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Re: Silver at 5 year low
[Re: jmj120]
#1386221
07/08/15 04:28 PM
07/08/15 04:28 PM
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Joined: Feb 2007
Posts: 18,938 colbert county
cartervj
Old Mossy Horns
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Old Mossy Horns
Joined: Feb 2007
Posts: 18,938
colbert county
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Here's a good read. http://harveyorganblog.com/2015/07/06/ju...-gold-is-being/http://harveyorganblog.com/2015/07/07/ju...-credible-plan/Every asset class in the world trades based on the pricing of bonds. So the fact that bonds are in a bubble (perhaps the biggest bubble in financial history), means that EVERY asset class is in a bubble. Everything from real estate to stocks to the buying of cars. Ever wonder why car loans in America exceed the value of the cars in question.
Depending on who you speak with globally there are $75-$100 trillion in bonds in existence today.
A little over a third of this is in the US. About half comes from developed nations outside of the US. And finally, emerging markets make up the remaining 14%.
So whatever the real trillion it is, the size of the bond bubble alone should be enough to give pause. Even to the most aggressive or optimistic folks.
However, when you consider that these bonds are pledged as collateral for other securities (usually over-the-counter derivatives) the full impact of the bond bubble explodes higher to something like $500TRILLION. This affects both banks and the shadow banking industry. No wonder the Bank of England is perplexed as to the shrinking liquidity, it is a problem to which they have no solution.
“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan
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Re: Silver at 5 year low
[Re: jmj120]
#1386319
07/08/15 06:52 PM
07/08/15 06:52 PM
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Joined: Nov 2008
Posts: 10,308 Alabama
whack-n-stack
Booner
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Booner
Joined: Nov 2008
Posts: 10,308
Alabama
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I'll sum up this topic: if you've got precious metals in hand, they will be worth something to someone who needs it. If you've got food in hand, everybody needs it. Even the rich guy wanting to trade silver and gold for it.
It don't matter who you are. You gotta eat to maintain.
Last edited by whack-n-stack; 07/08/15 06:53 PM.
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Re: Silver at 5 year low
[Re: whack-n-stack]
#1386361
07/09/15 02:42 AM
07/09/15 02:42 AM
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Joined: Sep 2006
Posts: 2,685 West Florida
westflgator
10 point
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10 point
Joined: Sep 2006
Posts: 2,685
West Florida
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People make the mistake of just comparing the current "dollar value" of gold, silver, stocks etc. To really know what something is worth, you have to compare it to what you can buy with it in comparision to the same purchase in the past. For example: How many ounce of gold or silver would it have taken to buy an average priced home in 1970, 1980, 1990, etc. verse how many ounces it would take to buy that same average priced home today. This is the ONLY way to know the true value with inflation factored in. Gold and silver has held it's own when put to that test over time, especially during times of market corrections. I'm not wealthy by no means, but if you look at the super wealthy most make money no matter what happens, because they understand the economy "world wide" and are constantly moving their money from one asset class to another. You have seen many of them moving into precious metals and back into real estate assets, because the stock markets are up and they other asset classes are down.
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