This is why it's hard to take you seriously. You state that missile consumption is inconsequential to the silver market, but can't resist disparaging silver while it's not only in an uptrend, but most likely in the beginnings of a historical move up.
I realize that you don't market or metals-related investments, is your main concern simply the loss of business to the metals market?
Q: Are You Printing Money? Bernanke: Not Literally
This is why it's hard to take you seriously. You state that missile consumption is inconsequential to the silver market, but can't resist disparaging silver while it's not only in an uptrend, but most likely in the beginnings of a historical move up.
I realize that you don't market or metals-related investments, is your main concern simply the loss of business to the metals market?
How did I disparage silver? By stating that it had woefully underperformed other assets? That's just the dang truth bro. The dang truth.
Now is it finally playing catch-up? Maybe. Won't that be a wonderful thing? An end to a decade plus of misery and unkept promises and false insurance.
Yay...let's be happy. But we don't need to make up some stupid story about why. Don't we have enough of these made up stories already?
@blitzdude said:
Less than 15ozt of gutter in a cruise missle.
.
Your claim of "<15" is no more valid than a claim of "500".
Your made-up number is not based on any actual data, evidence, or inside knowledge (because, if it was, you would be guilty of treason for publishing classified military specifications).
Just since this Monday morning, the US 2-year bond yield has gone from 3.95 to 4.08% and the 10-year bond yield has gone from 4.08 to 4.24%. October 1st the 10-year was yielding only 3.7% and is now 4.24%, more than a half percent move.
This is part of the reason for both gold and silver to be down a bit today. These higher bond yields are starting to attract some renewed buying interest away from PMs.
This is why it's hard to take you seriously. You state that missile consumption is inconsequential to the silver market, but can't resist disparaging silver while it's not only in an uptrend, but most likely in the beginnings of a historical move up.
I realize that you don't market or metals-related investments, is your main concern simply the loss of business to the metals market?
How did I disparage silver? By stating that it had woefully underperformed other assets? That's just the dang truth bro. The dang truth.
Now is it finally playing catch-up? Maybe. Won't that be a wonderful thing? An end to a decade plus of misery and unkept promises and false insurance.
Yay...let's be happy. But we don't need to make up some stupid story about why. Don't we have enough of these made up stories already?
And BTW--- you don't realize, not at all.
.
"A decade of misery ?"
That sounds like 10 years of sitting on cash that is depreciating.
Silver has more than doubled in the last 8 years.
Why is your profile "private" and why do you refuse to disclose who you work for and/or what you do ?
10 years ago, silver was in the $18-$19 range. My average cost is around $17.50 despite adding another chunk of 90% coinage in the past 2 months. If that's misery, I'll sign up for another round. Granted, gold has carried more of the load recently, but it's now silver's turn.
The supply/demand picture for silver isn't some stupid story, but keep trying. Maybe you'll pick up a gullible client or two.
Do you own ANY precious metals? Asking for a friend.
Q: Are You Printing Money? Bernanke: Not Literally
10 years ago, silver was in the $18-$19 range. My average cost is around $17.50 despite adding another chunk of 90% coinage in the past 2 months. If that's misery, I'll sign up for another round. Granted, gold has carried more of the load recently, but it's now silver's turn.
The supply/demand picture for silver isn't some stupid story, but keep trying. Maybe you'll pick up a gullible client or two.
Do you own ANY precious metals? Asking for a friend.
Twelve years ago my sig line said "You were warned". Remember that? And how you tried to ridicule?
Silver is the same price today as it was then. And it dropped 50% within that time. That's a decade plus of misery. You were warned.
Maybe better returns are ahead. We all hope so.
Yes, I own PMs in physical, paper, and derivatives form.
Twelve years ago my sig line said "You were warned". Remember that? And how you tried to ridicule?
Silver is the same price today as it was then. And it dropped 50% within that time. That's a decade plus of misery. You were warned.
The last time I sold any silver was in 2012 when the price was around $36/oz. Your warning might have had some significance to someone who was inclined to buy silver at that time, but it had no significance to my own position.
My recent purchases reflect two things - that I think physical silver will have meaningful advantages over paper assets in the very near future and that it still represents one of the best investment ideas I can think of in terms of market supply & demand fundamentals.
I don't regret getting further and further into silver in 1998, 1999, 2003, 2006, 2008, 2017 and 2024. The ride has been rewarding and gratifying, no "decade of misery" here. If you were smart, you'd be paying closer attention to the realities of holding a true long term position, instead of cherry picking a date in order to make a disparaging comment.
Q: Are You Printing Money? Bernanke: Not Literally
Silver is the same price today as it was then. And it dropped 50% within that time. That's a decade plus of misery. You were warned.
What is it with you old school buy and hold guys? It was a decade of money making volatility.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Silver is the same price today as it was then. And it dropped 50% within that time. That's a decade plus of misery. You were warned.
What is it with you old school buy and hold guys? It was a decade of money making volatility.
Lol....you were one of those saying "stack on" or "it's insurance".
And there you go with your projection of buy and hold. Lol. I'm the one who said it would be a lost decade. And you PMers fought and ridiculed all that time.
@jmski52 said: Twelve years ago my sig line said "You were warned". Remember that? And how you tried to ridicule?
Silver is the same price today as it was then. And it dropped 50% within that time. That's a decade plus of misery. You were warned.
The last time I sold any silver was in 2012 when the price was around $36/oz. Your warning might have had some significance to someone who was inclined to buy silver at that time, but it had no significance to my own position.
So for 12 years you held an asset that didn't even keep up with the dollar. Yeah. No significance. Lol
I don't regret getting further and further into silver in 1998, 1999, 2003, 2006, 2008, 2017 and 2024. The ride has been rewarding and gratifying, no "decade of misery" here. If you were smart, you'd be paying closer attention to the realities of holding a true long term position, instead of cherry picking a date in order to make a disparaging comment.
Yes...if only I was smart. There you go disparaging my redneck hillbilly heritage. LmAO.
Point of all this is that PMers have to constantly create some supply/demand narrative, as you have for they past 20 years, because silver is a non-productive asset. It doesn't throw off a cash flow, pay dividends, employ folk or contribute to the economic engine. It is a benefactor, not a contributor.
So for 12 years you held an asset that didn't even keep up with the dollar. Yeah. No significance. Lol
Yes, it's called accumulation. In other words, I wasn't playing the market, trading in and out, churning my accounts, and paying fees and advisors. In the meantime, my investment in silver has more than doubled and I'm adding to it now because I can see the handwriting on the wall in the debt market that you like to pump.
There you go disparaging my redneck hillbilly heritage. LmAO.
You're as much a hillbilly as Jerome powell.
PMers have to constantly create some supply/demand narrative, as you have for they past 20 years, because silver is a non-productive asset.
It doesn't matter what you choose to invest in - if you ignore supply & demand fundamentals, you are flying blind. There is no "narrative". If you think silver is a non-productive asset, you must not be familiar with all of the industrial and commercial uses where silver is a critical component.
It doesn't throw off a cash flow, pay dividends, employ folk or contribute to the economic engine.
It's not intended to throw off cash flow, pay dividends, employ folk or do anything to the economic engine. It's just one counterweight to the irresponsible and crazy policy of overspending and out of control fiat money creation by Congress and the Fed.
It is a benefactor, not a contributor.
If you work for a living, you're making your contribution. How you spend or save the money that you earn is of no concern to the bankers, money changers, financial advisors and government regardless of their desire to get their grubby hands on someone else's assets.
Q: Are You Printing Money? Bernanke: Not Literally
I like this...
Most of my silver has gone up 2x-4x up to 10x since I got it.
Mostly vintage stuff bought years ago.
Now I occasionally dabble in plastic. Most days I can pay for lunch and make 30% ROI in the same hour.
Same thing as timing the market, I usually get a good to average return.
It looks like the FED chairman is trying to initiate the bond collapse!
She has announced that fraud is rampant in the banking system which is not to be trusted. This has been true for years and the FED and regulators have ignored, even encouraged it by calling them "too big to fail" and not enforcing existing law as the banks profit. But now she's all ready for the final stroke in the process of absolute control of the economy and its participants; digitalization of the money.
Our money is based solely on trust and she is saying our leaders are not trustworthy as the debt soars. How many outcomes can there be?
My guess is there is only one and that is bonds collapse and the FED steps in to save us by taking control of the money; all the money. Right now the government owns only your pennies and nickels but soon it will be everything.
Silver is the same price today as it was then. And it dropped 50% within that time. That's a decade plus of misery. You were warned.
What is it with you old school buy and hold guys? It was a decade of money making volatility.
Lol....you were one of those saying "stack on" or "it's insurance".
And there you go with your projection of buy and hold. Lol. I'm the one who said it would be a lost decade. And you PMers fought and ridiculed all that time.
Demonstrative weakness.
There's silver to hold long term for dollar protection and there's silver to trade very short term to profit the swings. Can't a guy have both? Why do you have a checking account and a savings account, they're both the dollars?
Demonstrative lack of vision
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@Luxor said:
Maybe he's referring to Janet Yellen who is currently the Treasury Secretary
I'm sorry guys. I found out this is almost certainly fake news a few hours ago and forgot to return to this thread. I didn't make it up though and I did do a little limited fact checking before my last post. I should have known on the face of it that Janet Yellen wouldn't really say such a thing even if she believed it and she is not FED. It was reported by Jon Little whom I've been reading more since Butler died and it seems he might have been taken in by fake news as well. I will try to get a transcript of her speech.
It looks like the FED chairman is trying to initiate the bond collapse!
Why else would he raise rates from 0 to 5% in less than one year after enabling Congress to dig taxpayers a $35 trillion hole of debt that can't be fixed without a default or hyperinflation?
fraud is rampant in the banking system which is not to be trusted. This has been true for years and the FED and regulators have ignored, even encouraged it by calling them "too big to fail" and not existing law
The fraud amounts to Illegal and selective bank bailouts for megabank friends of the Fed - while changing the rules for depositors in order to confiscate depositor assets - and while the smaller banks assets go under water because of their huge holdings of devalued Treasuries.
My guess is there is only one (outcome) and that is bonds collapse and the FED steps in to save us by taking control of the money; all the money.
That's the plan, whether coho admits it or not.
Right now the Fed owns only your pennies and nickels but soon it will be everything.
FIFY
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: It looks like the FED chairman is trying to initiate the bond collapse!
Why else would he raise rates from 0 to 5% in less than one year after enabling Congress to dig taxpayers a $35 trillion hole of debt that can't be fixed without a default or hyperinflation?
fraud is rampant in the banking system which is not to be trusted. This has been true for years and the FED and regulators have ignored, even encouraged it by calling them "too big to fail" and not existing law
The fraud amounts to Illegal and selective bank bailouts for megabank friends of the Fed - while changing the rules for depositors in order to confiscate depositor assets - and while the smaller banks assets go under water because of their huge holdings of devalued Treasuries.
My guess is there is only one (outcome) and that is bonds collapse and the FED steps in to save us by taking control of the money; all the money.
That's the plan, whether coho admits it or not.
Right now the Fed owns only your pennies and nickels but soon it will be everything.
FIFY
There certainly hasn't been any real news in this country for decades now. If it's true it's not news and if it's news it's not true.
"Fake news" is relatively new but it does have a way of mirroring what's real.
I might add as well that I apparently misunderstood Jon Little's point. The fault here is entirely my own.
Whodda thunk the world could get so crazy I could make such blunders? Now we're going into debt more each month than we spend. I guess we're going back to zero percent interest rates just to slow the parabolic increase in the national debt.
It's hard to believe any of these conditions could even be transitory 50 years ago. Markets weren't nuts 50 years ago when individuals owned everything and they wouldn't have bought and sold financial instruments that are beyond the understanding of any human being. Nice thing about computers and owning enough of them is that when belt tightening comes it won't affect anyone but individuals and someone else.
This might be one of the biggest changes in that now days committees, computers, and corporations control most buying and selling. I trust people to do the right thing individually but we rarely do in tandem. I never trust a computer to do anything right. Ai will prove even worse.
Comments
blitzdude.... did you just sell your silver, causing this dip??!!
I did.
This is why it's hard to take you seriously. You state that missile consumption is inconsequential to the silver market, but can't resist disparaging silver while it's not only in an uptrend, but most likely in the beginnings of a historical move up.
I realize that you don't market or metals-related investments, is your main concern simply the loss of business to the metals market?
I knew it would happen.
Less than 15ozt of gutter in a cruise missle. The conspiracy crew believes anything youtube and tweeter tells them. RGDS!
The whole worlds off its rocker, buy Gold™.
How did I disparage silver? By stating that it had woefully underperformed other assets? That's just the dang truth bro. The dang truth.
Now is it finally playing catch-up? Maybe. Won't that be a wonderful thing? An end to a decade plus of misery and unkept promises and false insurance.
Yay...let's be happy. But we don't need to make up some stupid story about why. Don't we have enough of these made up stories already?
And BTW--- you don't realize, not at all.
Knowledge is the enemy of fear
.
Your claim of "<15" is no more valid than a claim of "500".
Your made-up number is not based on any actual data, evidence, or inside knowledge (because, if it was, you would be guilty of treason for publishing classified military specifications).
Same for the person claiming "500".
.
Just since this Monday morning, the US 2-year bond yield has gone from 3.95 to 4.08% and the 10-year bond yield has gone from 4.08 to 4.24%. October 1st the 10-year was yielding only 3.7% and is now 4.24%, more than a half percent move.
This is part of the reason for both gold and silver to be down a bit today. These higher bond yields are starting to attract some renewed buying interest away from PMs.
My US Mint Commemorative Medal Set
.
So your point is that we should not believe what you tell us.
In this case, I can agree with that.
.
.
"A decade of misery ?"
That sounds like 10 years of sitting on cash that is depreciating.
Silver has more than doubled in the last 8 years.
Why is your profile "private" and why do you refuse to disclose who you work for and/or what you do ?
.
10 years ago, silver was in the $18-$19 range. My average cost is around $17.50 despite adding another chunk of 90% coinage in the past 2 months. If that's misery, I'll sign up for another round. Granted, gold has carried more of the load recently, but it's now silver's turn.
The supply/demand picture for silver isn't some stupid story, but keep trying. Maybe you'll pick up a gullible client or two.
Do you own ANY precious metals? Asking for a friend.
I knew it would happen.
.> @jmski52 said:
Twelve years ago my sig line said "You were warned". Remember that? And how you tried to ridicule?
Silver is the same price today as it was then. And it dropped 50% within that time. That's a decade plus of misery. You were warned.
Maybe better returns are ahead. We all hope so.
Yes, I own PMs in physical, paper, and derivatives form.
Why are you so disparaging?
Knowledge is the enemy of fear
Twelve years ago my sig line said "You were warned". Remember that? And how you tried to ridicule?
Silver is the same price today as it was then. And it dropped 50% within that time. That's a decade plus of misery. You were warned.
The last time I sold any silver was in 2012 when the price was around $36/oz. Your warning might have had some significance to someone who was inclined to buy silver at that time, but it had no significance to my own position.
My recent purchases reflect two things - that I think physical silver will have meaningful advantages over paper assets in the very near future and that it still represents one of the best investment ideas I can think of in terms of market supply & demand fundamentals.
I don't regret getting further and further into silver in 1998, 1999, 2003, 2006, 2008, 2017 and 2024. The ride has been rewarding and gratifying, no "decade of misery" here. If you were smart, you'd be paying closer attention to the realities of holding a true long term position, instead of cherry picking a date in order to make a disparaging comment.
I knew it would happen.
What is it with you old school buy and hold guys? It was a decade of money making volatility.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Lol....you were one of those saying "stack on" or "it's insurance".
And there you go with your projection of buy and hold. Lol. I'm the one who said it would be a lost decade. And you PMers fought and ridiculed all that time.
Demonstrative weakness.
Knowledge is the enemy of fear
So for 12 years you held an asset that didn't even keep up with the dollar. Yeah. No significance. Lol
Yes...if only I was smart. There you go disparaging my redneck hillbilly heritage. LmAO.
Point of all this is that PMers have to constantly create some supply/demand narrative, as you have for they past 20 years, because silver is a non-productive asset. It doesn't throw off a cash flow, pay dividends, employ folk or contribute to the economic engine. It is a benefactor, not a contributor.
Knowledge is the enemy of fear
So for 12 years you held an asset that didn't even keep up with the dollar. Yeah. No significance. Lol
Yes, it's called accumulation. In other words, I wasn't playing the market, trading in and out, churning my accounts, and paying fees and advisors. In the meantime, my investment in silver has more than doubled and I'm adding to it now because I can see the handwriting on the wall in the debt market that you like to pump.
There you go disparaging my redneck hillbilly heritage. LmAO.
You're as much a hillbilly as Jerome powell.
PMers have to constantly create some supply/demand narrative, as you have for they past 20 years, because silver is a non-productive asset.
It doesn't matter what you choose to invest in - if you ignore supply & demand fundamentals, you are flying blind. There is no "narrative". If you think silver is a non-productive asset, you must not be familiar with all of the industrial and commercial uses where silver is a critical component.
It doesn't throw off a cash flow, pay dividends, employ folk or contribute to the economic engine.
It's not intended to throw off cash flow, pay dividends, employ folk or do anything to the economic engine. It's just one counterweight to the irresponsible and crazy policy of overspending and out of control fiat money creation by Congress and the Fed.
It is a benefactor, not a contributor.
If you work for a living, you're making your contribution. How you spend or save the money that you earn is of no concern to the bankers, money changers, financial advisors and government regardless of their desire to get their grubby hands on someone else's assets.
I knew it would happen.
It is a benefactor, not a contributor.
I like this...
Most days I can pay for lunch and make 30% ROI in the same hour.
Most of my silver has gone up 2x-4x up to 10x since I got it.
Mostly vintage stuff bought years ago.
Now I occasionally dabble in plastic.
Same thing as timing the market, I usually get a good to average return.
It looks like the FED chairman is trying to initiate the bond collapse!
She has announced that fraud is rampant in the banking system which is not to be trusted. This has been true for years and the FED and regulators have ignored, even encouraged it by calling them "too big to fail" and not enforcing existing law as the banks profit. But now she's all ready for the final stroke in the process of absolute control of the economy and its participants; digitalization of the money.
Our money is based solely on trust and she is saying our leaders are not trustworthy as the debt soars. How many outcomes can there be?
My guess is there is only one and that is bonds collapse and the FED steps in to save us by taking control of the money; all the money. Right now the government owns only your pennies and nickels but soon it will be everything.
The chair of the Fed is a male. About whom are you ranting?
Knowledge is the enemy of fear
Maybe he's referring to Janet Yellen who is currently the Treasury Secretary
Your hobby is supposed to be your therapy, not the reason you need it.
There's silver to hold long term for dollar protection and there's silver to trade very short term to profit the swings. Can't a guy have both? Why do you have a checking account and a savings account, they're both the dollars?
Demonstrative lack of vision
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I'm sorry guys. I found out this is almost certainly fake news a few hours ago and forgot to return to this thread. I didn't make it up though and I did do a little limited fact checking before my last post. I should have known on the face of it that Janet Yellen wouldn't really say such a thing even if she believed it and she is not FED. It was reported by Jon Little whom I've been reading more since Butler died and it seems he might have been taken in by fake news as well. I will try to get a transcript of her speech.
Please disregard. Mia culpa.
It looks like the FED chairman is trying to initiate the bond collapse!
Why else would he raise rates from 0 to 5% in less than one year after enabling Congress to dig taxpayers a $35 trillion hole of debt that can't be fixed without a default or hyperinflation?
fraud is rampant in the banking system which is not to be trusted. This has been true for years and the FED and regulators have ignored, even encouraged it by calling them "too big to fail" and not existing law
The fraud amounts to Illegal and selective bank bailouts for megabank friends of the Fed - while changing the rules for depositors in order to confiscate depositor assets - and while the smaller banks assets go under water because of their huge holdings of devalued Treasuries.
My guess is there is only one (outcome) and that is bonds collapse and the FED steps in to save us by taking control of the money; all the money.
That's the plan, whether coho admits it or not.
Right now the Fed owns only your pennies and nickels but soon it will be everything.
FIFY
I knew it would happen.
There certainly hasn't been any real news in this country for decades now. If it's true it's not news and if it's news it's not true.
"Fake news" is relatively new but it does have a way of mirroring what's real.
I might add as well that I apparently misunderstood Jon Little's point. The fault here is entirely my own.
Whodda thunk the world could get so crazy I could make such blunders? Now we're going into debt more each month than we spend. I guess we're going back to zero percent interest rates just to slow the parabolic increase in the national debt.
It's hard to believe any of these conditions could even be transitory 50 years ago. Markets weren't nuts 50 years ago when individuals owned everything and they wouldn't have bought and sold financial instruments that are beyond the understanding of any human being. Nice thing about computers and owning enough of them is that when belt tightening comes it won't affect anyone but individuals and someone else.
This might be one of the biggest changes in that now days committees, computers, and corporations control most buying and selling. I trust people to do the right thing individually but we rarely do in tandem. I never trust a computer to do anything right. Ai will prove even worse.
Silver down 5% this morning.
My US Mint Commemorative Medal Set