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Old 05-13-2010, 05:58 PM #1
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gathering thoughts on silver? anyone?

after learning a little bit about the economy, the gov, the history of america, gold and silver prices, and what could happen in the very near future. i have decided to transfer some of my paper money into silver. not large bars but smaller 1oz, 5oz, and 10oz, bars. aswell as coins. i no its basically a win win situation. if the future doesn't happen like i think it will. then my kids will have a bit of silver that will be left to them, if the future does, then i can potentially become a fairly wealthy man. i just started but between me, my buddy, and his father were about 600oz. and growing by the day.

what are peoples thoughts on the future of silver and gold ? more over the potential to invest little amounts of paper money and gain large amounts in the future.


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Old 05-13-2010, 08:15 PM #2
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Personally I'm a fan of any paper-to-precious metal conversion. I think many more people than there are right now should take necessary steps to protect themselves from inflation and invest in a strong and stable commodity.

My grandfather worked at a press where silver was a byproduct (Old press, clearly) and he saved up quite a bit of silver dust and got it turned into bars. He's earned a huge profit on it.
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Old 05-24-2010, 02:01 PM #3
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This is a great idea. The way the economy is about to go, the time is now to collect precious metals and lock them up in a very safe place. You will not be regretting this decision when gold hits up to over 3000$/ounce (its going to happen).
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Old 05-24-2010, 07:00 PM #4
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yes they should be part of a diversified portfolio. But as for speculation; there are better ways to go about it.
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Old 05-28-2010, 09:24 AM #5
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since that post. i bought 75 oz of silver. and buddies have purchased alot more. it feels pretty good to actualy have real money in my hand instead of paper inflated crap that america has turned money into
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Old 05-30-2010, 10:46 PM #6
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To think you will get rich investing in silver is just silly.

If i were to go for precious metal I would go for gold.

Which i do plan on buying a few oz's here and there. But just as a storage of wealth and to preserve capital in the "safe haven" way.

All the best luck to you anyways.
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Old 06-01-2010, 07:51 PM #7
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I think it has a part in a well diversified portfolio; however it sounds as if it is your entire portfolio.

The other thing that I have failed to understand is how precious metals will be used to do business after the "impending" fiat collapse. Never in the history of our civilization has a fiat collapse caused a reversion to a precious metal to transact economically. It has always been a barter system or a new fiat currency has emerged. If anyone can find an instance that an economy has reverted to precious metals please let me know.
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Old 06-14-2010, 06:02 AM #8
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i would say invest in a company that mines silver... especially with the new deposits found in afghanistan.
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Old 06-14-2010, 05:43 PM #9
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i would say invest in a company that mines silver... especially with the new deposits found in afghanistan.
But the question is since this conflict has been going on for 10years now. I know for a fact I won't be out of Afghanistan in July 2011. They only say we will be to give the American people an idea. Bush said the same thing about Iraq he gave a date to the American people and then said we need to send this many more troops to finish the job and the Americans bought it.

With the find in Afghanistan yes it will be a great investment if they have the security to protect it. If not then the companies will leave due to to much conflict on in the area of interest. I don't believe this find will go anywhere for at least another5-10 years or until the conflict is done over here. Kandahar is the next big push. After that there will be another because the Taliban will just flee back to another city and regroup to control another part of the country again.

Now with that being said what Silver/Gold companies in stocks are good to go with right now that will show a vast improvement in the future.
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Old 06-15-2010, 06:12 PM #10
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Quote:
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i would say invest in a company that mines silver... especially with the new deposits found in afghanistan.
Investing in the product is better than investing in one of the companies that gets you the product. Companies come and go, and people make mistakes, but gold and silver will always be around and always be in demand.
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Old 06-23-2010, 09:34 AM #11
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Better investment than stocks imho.

Go for it brah.
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Old 09-25-2010, 01:23 AM #12
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Investing in the product is better than investing in one of the companies that gets you the product. Companies come and go, and people make mistakes, but gold and silver will always be around and always be in demand.


When gold/silver run up ; gold/silver companies tend to run up too
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Old 09-25-2010, 08:16 AM #13
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i think he ment more along the lines of the product will always be here, but their will be many many different companys giving the prodcut out.

plus gold/silver/platinum = real wealth. so, im guessing, he ment having "stock" in the company doesnt = that..
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Old 09-25-2010, 11:02 AM #14
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Oh no it does.

See you can diversify, put some of your cash holdings into hard metals (as you are doing) as well as invest some of your idle cash. Right now in my opinion you should be putting all your $$ to work for you, get it off the sidelines.


If you're confident with metals then you could look into metals/mining stocks (if you do that at all) to grow your actual fiat cash sum. Then simply transfer your profits from that into more metals, reinvest whatever you started with.

just my .02 as always do your own research and you are in the end responsible for your own decisions

Good luck and God bless
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Old 10-02-2010, 11:47 AM #15
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Where are you buying the silver?
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Old 10-05-2010, 10:03 PM #16
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Quote:
Originally Posted by Thrill.Ride07 View Post
To think you will get rich investing in silver is just silly.

If i were to go for precious metal I would go for gold.

Which i do plan on buying a few oz's here and there. But just as a storage of wealth and to preserve capital in the "safe haven" way.

All the best luck to you anyways.
Im blown away every time I see you chime in with good advice. Maybe u should start charging for it.

Look at the statistical analysis, and u will see that Silver although a lower price, is on track to create a higher return.

Thats not even factoring in the point that Silver is an industrial metal that is actually in much shorter supply.

Once again, I suggest looking into Michael Maloneys work.

https://wealthcycles.com/

I have been saying silver/gold on these threads for over a year. Understanding the history of money, fiat currencies, and fractional reserve banking in combination with whats actually going on right now makes Precious metals all the more profitable.


The sooner people stop listening to wanna be traders and start doing their own research and due diligence, the sooner you will start to see some nice returns.

Mr. Stock pick...
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Old 11-17-2010, 09:11 PM #17
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there is no doubt that commodities are a great investment at this piont. were are pretty much in an economical war with china (not a gruesome sticks and stones war, a capitalization war which may be healthy or not) and the frb will be making a series of speeches , after the most recent one stating that we are on the verge of printing another 600 million. im not a fan of the idea , but yah , silver is at about 27 usd an ounce. it will go up no doubt (whether the inflation will be a good thing or not). flux/reflux has been a consistant history. hopefully , they will not make it illegal to sit on it or bury it away like they did after the great depression. i dont feel like playing the game back and forth. just want to sit on it so my kids can smile and **** silver when they are old enough to play psp
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Old 11-19-2010, 12:58 PM #18
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