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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
Joined: Jan 2014
Posts: 1,189
Lamar
F
Fishduck Offline
6 point
Fishduck  Offline
6 point
F
Joined: Jan 2014
Posts: 1,189
Lamar
Originally Posted By: ridgestalker
I believe it will go as low as 8 in the next year.


What is your rationale behind that?

Re: Silver at 5 year low [Re: jmj120] #1385246
07/07/15 09:26 AM
07/07/15 09:26 AM
Joined: Jan 2012
Posts: 9,768
North Jackson
R
ridgestalker Offline
14 point
ridgestalker  Offline
14 point
R
Joined: Jan 2012
Posts: 9,768
North Jackson
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
Re: Silver at 5 year low [Re: jmj120] #1385254
07/07/15 09:36 AM
07/07/15 09:36 AM
Joined: Jan 2014
Posts: 1,189
Lamar
F
Fishduck Offline
6 point
Fishduck  Offline
6 point
F
Joined: Jan 2014
Posts: 1,189
Lamar
Just curious. I can make a case for low commodity prices in general due to the ongoing collapse of the Chinese stock market & the uncertainty of the Euro future because of Greece.

Re: Silver at 5 year low [Re: bamachem] #1385256
07/07/15 09:37 AM
07/07/15 09:37 AM
Joined: Dec 2001
Posts: 15,142
Fairhope
B
bamachem Offline
Old Mossy Horns
bamachem  Offline
Old Mossy Horns
B
Joined: Dec 2001
Posts: 15,142
Fairhope

Originally Posted By: Fishduck
Originally Posted By: ridgestalker
I believe it will go as low as 8 in the next year.


What is your rationale behind that?


This

Originally Posted By: bamachem
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
Re: Silver at 5 year low [Re: jmj120] #1385259
07/07/15 09:39 AM
07/07/15 09:39 AM
Joined: Jan 2014
Posts: 616
South ms
Blong Offline
4 point
Blong  Offline
4 point
Joined: Jan 2014
Posts: 616
South ms
Why would the current owners of silver have it for sale?

Re: Silver at 5 year low [Re: Blong] #1385260
07/07/15 09:42 AM
07/07/15 09:42 AM
Joined: Apr 2007
Posts: 13,690
Over yonder
E
extreme heights hunter Offline
Booner
extreme heights hunter  Offline
Booner
E
Joined: Apr 2007
Posts: 13,690
Over yonder
Originally Posted By: Blong
Why would the current owners of silver have it for sale?

fearing it will continue to fall and take years to come back?

Re: Silver at 5 year low [Re: jmj120] #1385264
07/07/15 09:46 AM
07/07/15 09:46 AM
Joined: Aug 2008
Posts: 5,342
mobile
C
charlie Offline
12 point
charlie  Offline
12 point
C
Joined: Aug 2008
Posts: 5,342
mobile
Because it is a commodity and some people make money off of the simple transaction of buying and selling no matter the price.

Re: Silver at 5 year low [Re: jmj120] #1385279
07/07/15 10:12 AM
07/07/15 10:12 AM
Joined: Dec 2001
Posts: 15,142
Fairhope
B
bamachem Offline
Old Mossy Horns
bamachem  Offline
Old Mossy Horns
B
Joined: Dec 2001
Posts: 15,142
Fairhope
Because people are taking a short position in the futures markets and people like jmj120 are buying all they can.

http://www.investmentrarities.com/future_price.shtml

If you don't know what a short position is on a futures market, then take a look here:

http://www.theoptionsguide.com/short-futures.aspx


Last edited by bamachem; 07/07/15 10:14 AM.

MOLON LABE
Re: Silver at 5 year low [Re: bamachem] #1385305
07/07/15 10:43 AM
07/07/15 10:43 AM
Joined: Jan 2014
Posts: 1,189
Lamar
F
Fishduck Offline
6 point
Fishduck  Offline
6 point
F
Joined: Jan 2014
Posts: 1,189
Lamar
Originally Posted By: bamachem

Originally Posted By: Fishduck
Originally Posted By: ridgestalker
I believe it will go as low as 8 in the next year.


What is your rationale behind that?


This

Originally Posted By: bamachem
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!!!

Re: Silver at 5 year low [Re: Fishduck] #1385313
07/07/15 10:54 AM
07/07/15 10:54 AM
Joined: Jun 2012
Posts: 9,877
in the corner
S
Stob Offline
14 point
Stob  Offline
14 point
S
Joined: Jun 2012
Posts: 9,877
in the corner
Its a Long Term deal. Buy it low, hang on to it. More of a security measure.

Re: Silver at 5 year low [Re: Blong] #1386008
07/08/15 11:34 AM
07/08/15 11:34 AM
Joined: May 2013
Posts: 1,172
cullman, al
JT9 Offline
6 point
JT9  Offline
6 point
Joined: May 2013
Posts: 1,172
cullman, al
Silver is in a ton of medicine

Re: Silver at 5 year low [Re: Blong] #1386009
07/08/15 11:37 AM
07/08/15 11:37 AM
Joined: May 2013
Posts: 1,172
cullman, al
JT9 Offline
6 point
JT9  Offline
6 point
Joined: May 2013
Posts: 1,172
cullman, al
Originally Posted By: Blong
Why would the current owners of silver have it for sale?
are you trolling or are these real questions?

Re: Silver at 5 year low [Re: jmj120] #1386065
07/08/15 01:37 PM
07/08/15 01:37 PM
Joined: Nov 2005
Posts: 3,809
Jasper
B
buckhunter2 Offline
10 point
buckhunter2  Offline
10 point
B
Joined: Nov 2005
Posts: 3,809
Jasper
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-
Re: Silver at 5 year low [Re: buckhunter2] #1386142
07/08/15 03:36 PM
07/08/15 03:36 PM
Joined: Feb 2007
Posts: 18,776
colbert county
cartervj Offline
Old Mossy Horns
cartervj  Offline
Old Mossy Horns
Joined: Feb 2007
Posts: 18,776
colbert county
Originally Posted By: buckhunter2
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
Re: Silver at 5 year low [Re: jmj120] #1386221
07/08/15 04:28 PM
07/08/15 04:28 PM
Joined: Feb 2007
Posts: 18,776
colbert county
cartervj Offline
Old Mossy Horns
cartervj  Offline
Old Mossy Horns
Joined: Feb 2007
Posts: 18,776
colbert county
Here's a good read.

http://harveyorganblog.com/2015/07/06/ju...-gold-is-being/


http://harveyorganblog.com/2015/07/07/ju...-credible-plan/

Quote:
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
Re: Silver at 5 year low [Re: jmj120] #1386319
07/08/15 06:52 PM
07/08/15 06:52 PM
Joined: Nov 2008
Posts: 10,274
Alabama
W
whack-n-stack Offline
Booner
whack-n-stack  Offline
Booner
W
Joined: Nov 2008
Posts: 10,274
Alabama
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.
Re: Silver at 5 year low [Re: whack-n-stack] #1386361
07/09/15 02:42 AM
07/09/15 02:42 AM
Joined: Sep 2006
Posts: 2,685
West Florida
westflgator Offline
10 point
westflgator  Offline
10 point
Joined: Sep 2006
Posts: 2,685
West Florida
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.

Re: Silver at 5 year low [Re: jmj120] #1407128
08/03/15 03:24 PM
08/03/15 03:24 PM
Joined: Jan 2012
Posts: 9,768
North Jackson
R
ridgestalker Offline
14 point
ridgestalker  Offline
14 point
R
Joined: Jan 2012
Posts: 9,768
North Jackson
Dropping like a rock.


"The Heavens declare the glory of God;and the firmament sheweth his handiwork" Pslam 19:1
Re: Silver at 5 year low [Re: jmj120] #1407538
08/04/15 04:30 AM
08/04/15 04:30 AM
Joined: Dec 2009
Posts: 9,515
Trussville
T
toothdoc Offline
14 point
toothdoc  Offline
14 point
T
Joined: Dec 2009
Posts: 9,515
Trussville
Commodities are not usually a long term investment. You hold it until it spikes and sell it off. Silver price has remained relatively stable over the last 100 years and has not even kept up with inflation. There have been a few spikes that could have made a substantial profit. It's not a bad way to diversify, but probably not the best way to invest the majority of your money.

Re: Silver at 5 year low [Re: jmj120] #1407575
08/04/15 05:07 AM
08/04/15 05:07 AM
Joined: Jul 2007
Posts: 1,391
AL
T
trkymn6f0 Offline
8 point
trkymn6f0  Offline
8 point
T
Joined: Jul 2007
Posts: 1,391
AL
index fund. piss on silver

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