OtherGround Forums .999 Silver = Best long term investment

1/3/12 12:11 AM
2/1/10
Posts: 431
palerider101 - Silver is going to hit low 20$ range. Europe is going to make it happen (defaults and banks going belly up) My take next 6 months or so. I see silver at 100$ in 2013/2014


The fed want to do QE 3 4 or whatever you want to call it. Oil and PM's need to come way down

Gold 1,300 to 1,200
Silver 24 to 20
Oil 60 to 70 a barrel


*Watch and get in before the printing presses get turned on again
If the price drops that low it will allow me to drop my overall holding average. Phone Post
1/3/12 12:36 AM
3/7/03
Posts: 901
later
1/3/12 12:40 AM
4/28/09
Posts: 1959
What economic justifications can you provide to back up this theory? Phone Post
1/3/12 12:48 AM
10/4/02
Posts: 15361
The fed want to do QE 3 4 or whatever you want to call it. Oil and PM's need to come way down


Why do they need to come down, in order for The Private Reserve Bank to do QE3/4?
1/3/12 1:16 AM
3/13/08
Posts: 6186
Cheggers - What economic justifications can you provide to back up this theory? <img src="/images/phone/apple.png" alt="Phone Post" border="0" style="vertical-align:middle;"/>



Mencken - Ok, I'll bite. What legitimate support do you have for it being $100 in 2030? An ROR of 5%, which is very conservative, will return $72.27 by 2030. And to repeat, that is conservative. Given that silver is going to $100, in your opinion, can you give you reasoning?




1.Wars.

2.Lack of confidence in currency.

3.Higher production costs.

4.Lower supply = higher demand.

5. Gold was worth $49.50 earlier this year (2011) and why wouldn't it at least double with inflation?
1/3/12 9:30 AM
11/17/08
Posts: 2476
SirPrize - 
The fed want to do QE 3 4 or whatever you want to call it. Oil and PM's need to come way down


Why do they need to come down, in order for The Private Reserve Bank to do QE3/4?


The dollar goes down and everything else goes to the moon

* Quantitative Easing = Dollar Devaluation = Inflation for Gas, Food and PM's
1/3/12 3:47 PM
2/1/10
Posts: 433
Whoever bought last weeks low is already making money on their investment Phone Post
1/4/12 2:09 AM
11/4/04
Posts: 768
Subbed Phone Post
1/4/12 2:13 AM
2/1/10
Posts: 437
pidgey -
BetJits - Whoever bought last weeks low is already making money on their investment



looking at the charts it still doesnt look good, silver keeps doing lower lows and i'd wait until it goes over 30$ and than over 34/35 before saying it's back to a bullish trend, the rally of the last days looks more like a dead cat rebound.

On the other hand, if it breaks down the 27$ support it will most likely drop to 20$ pretty quickly, in fact im ready to short the shit out of it as soon as it drops under 27$.
I was mainly saying that it had gone up over two bucks. Yeah I'm interested to see how low it goes especially since it looks like we're going toward again. Phone Post
1/18/12 11:04 AM
2/1/10
Posts: 474
Back up to 30's. Phone Post
1/20/12 6:37 PM
12/2/05
Posts: 7414
Holy shit!! What happened today? Silvers up over 1.10. Phone Post
1/20/12 8:50 PM
2/1/10
Posts: 479
EasyTapper - Holy shit!! What happened today? Silvers up over 1.10. Phone Post
A lot of countries selling off their us treasury bonds. People are wanting out of the us dollar Phone Post
1/21/12 8:15 AM
10/4/02
Posts: 15536
palerider101 - 
SirPrize - 
The fed want to do QE 3 4 or whatever you want to call it. Oil and PM's need to come way down


Why do they need to come down, in order for The Private Reserve Bank to do QE3/4?


The dollar goes down and everything else goes to the moon

* Quantitative Easing = Dollar Devaluation = Inflation for Gas, Food and PM's


I get that about QE, but the guy I quoted said, "The fed want to do QE 3 4 or whatever you want to call it. Oil and PM's need to come way down"

This sounds like The Private Reserve Bank WANTS oil/PM to come down either before or after QE3/4. It seems to me, like you said, that PM prices would actually go UP after QEx.
1/21/12 9:13 AM
9/29/10
Posts: 27
I knew I was cool with my silver rope in the 80's Phone Post
1/21/12 10:42 AM
6/7/10
Posts: 1724
For later Phone Post
1/21/12 1:43 PM
12/2/05
Posts: 7417
SirPrize -
palerider101 - 
SirPrize - 
The fed want to do QE 3 4 or whatever you want to call it. Oil and PM's need to come way down


Why do they need to come down, in order for The Private Reserve Bank to do QE3/4?


The dollar goes down and everything else goes to the moon

* Quantitative Easing = Dollar Devaluation = Inflation for Gas, Food and PM's


I get that about QE, but the guy I quoted said, "The fed want to do QE 3 4 or whatever you want to call it. Oil and PM's need to come way down"

This sounds like The Private Reserve Bank WANTS oil/PM to come down either before or after QE3/4. It seems to me, like you said, that PM prices would actually go UP after QEx.
They will go up after QE. They want prices to drop a little, then enact QE. It's all a ruse to disguise what's going on. Phone Post
1/21/12 6:10 PM
1/1/01
Posts: 4821
could be a nice rally with sprott adding another billion dollars to his pslv.
1/22/12 9:57 PM
3/13/08
Posts: 6207
Heineken Man - John Williams says hyperinflation by 2014.


Thanks for the post. 2014 may be too soon. NLT 2020 for sure though!

1/26/12 12:55 PM
4/24/07
Posts: 16167
 Just made my first purchase... 11 Silver eagles. I'm going to try and buy 11 every month and store them until there value skyrockets. I thought about junk but im still not convinced and it sounds like the bags can take up some room.
1/26/12 1:19 PM
12/2/05
Posts: 7442
David@accu -  Just made my first purchase... 11 Silver eagles. I'm going to try and buy 11 every month and store them until there value skyrockets. I thought about junk but im still not convinced and it sounds like the bags can take up some room.
3 Kennedy halves = 1 eagle (approximately)

Don't really take up much more room. Phone Post
1/26/12 3:05 PM
3/14/06
Posts: 16010
Good thread, but these threads always scare me.

Like i'm reading about doom and gloom.
1/26/12 9:45 PM
11/23/02
Posts: 2610
 Even if trillions more is printed for QE3, who says that silver and gold will sky rocket?  I have been investing in silver since 2000 and gold since 2003 and I have seen the markets 'print' paper/fiat silver and gold to dilute the spot price.  They will do the same to keep the spot prices artifically low.

When will the street price seperate from the spot price?  

 
1/26/12 11:25 PM
3/13/08
Posts: 6208
David@accu -  Just made my first purchase... 11 Silver eagles. I'm going to try and buy 11 every month and store them until there value skyrockets. I thought about junk but im still not convinced and it sounds like the bags can take up some room.



High Five Dave! You are 100% smart for doing this. Again, I commend you for buying ONLY silver Eagles or silver Maples, as they're PURE SILVER, unlike other coins.

It's a great hobby and it's great to see you spending your hard earned money wisely.

Again, I am happy for you and you're doing a great thing!
1/26/12 11:26 PM
3/13/08
Posts: 6209
T-Ham - Good thread, but these threads always scare me.

Like i'm reading about doom and gloom.


It scares me too. The national deficit of 15.5 trillion scares me and the interest we will owe will keep on adding up and the health care and...

I wish we weren't headed for doom and gloom, but we are. Be prepared or be left in the cold. Sad but true. I hope I'm wrong though!
1/26/12 11:28 PM
3/13/08
Posts: 6210
Bean Bag -  Even if trillions more is printed for QE3, who says that silver and gold will sky rocket?  I have been investing in silver since 2000 and gold since 2003 and I have seen the markets 'print' paper/fiat silver and gold to dilute the spot price.  They will do the same to keep the spot prices artifically low.

When will the street price seperate from the spot price?  

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QE3 (which won't happen for a while) will devalue the dollar, thus making silver and gold higher. The more the US Dollar gains strength, the less silver is worth (and vice versa). However, a global meltdown will see silver and gold skyrocket.