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High O' Silver!
joeykoins
Posts: 17,475 ✭✭✭✭✭
Wow, Silver has spiked to $19. When was the last time it hit the $19 mark? I wonder why? Any suggestions? 
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.1
Comments
2014
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
Ray Dalio call
I give away money. I collect money.
I don’t love money . I do love the Lord God.
cool beans. do ii hear 20 now?
Because gold is up.
What is a bit unusual for such big precious metal price increases is that the US dollar index also hit a 4-year record high today, too.
My US Mint Commemorative Medal Set
It is unusual
But have you seen the bond market ?
I think that buying in the bond market is driving precious metals prices higher now .
I give away money. I collect money.
I don’t love money . I do love the Lord God.
2016
Collector, occasional seller
Thanks guy's. Yeah, I knew it had to be at least a couple of years! Maybe, it'll be near the $21 dollar mark way back? That's when I dumped 99% of my Silver. Made a pretty good profit.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Looks to me like people are parking some money in PM's as a safe haven for a while...Just a theory, nothing to back it up. Cheers, RickO
there is an interesting preference for silver which has run up much more than gold.
Given the rally in the dollar, Treasuries, and PMs, it is a classic flight to safety.
Time to scrap some more silver.
I'm running out of things to scrap. LOL. I've been selling all the way up.
Below spot I imagine 😊
I give away money. I collect money.
I don’t love money . I do love the Lord God.
It’s been north of $40 twice in my lifetime.
When it was in the mid teens I started buying again, to supplement my long term holdings bought <$10/oz.
No need to sell just yet.
Pretty exciting to see a little life in silver.
We are starting the month of September with another record low in German yields.
It will cost you almost three-quarters of a percent to lend your money to the German government for 10 years.
Not only is the 10-year yield negative in Germany, the entire yield curve is negative.
In August, Germany sold almost a billion dollars worth of 30-year government bonds at a negative yield.
One buys those bonds if one thinks paying the government to park one's money is the best alternative one has(and the highest probability of seeing one's money again, minus the interest)!
Silver anybody? : )
When yields are negative, I cannot understand why people don't buy gold or silver instead.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
When yields are negative, they are using the proceeds to buy up US issued debt, which is still positive..... for now.
The "excitement" at Coinstar just picked up! LOL
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.LOL. Depends on what it is. 0.999 is at spot. ASEs are above spot. 0.900 will be back of spot. Foreign silver/sterling will be back of spot.
If you want to pay me spot + shipping, I'll send it all to you. Oh, wait, you don't.
Proxy for the fear index
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Because it is a currency play. The LAST thing you should buy is a commodity. Yields are negative because of deflation not inflation. That makes commodity price drops likely. It also makes currency appreciation likely. So your better bet is the currency, not the commodity.
You could, of course, stuff it in a mattress or safety deposit box. But that's hard, and risky, if you are trying to invest millions or billions.
You also have to keep in mind that certain people, like bond fund managers, HAVE TO BUY government debt.
$25 by Thanksgiving. It's a lot less messy to buy digital forms if you think it will spike like 2-3X etfs.
Fear is in the air.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
That’s part of the paradigm shift.
Makes sense to buy precious metals and they are indeed buying .
I give away money. I collect money.
I don’t love money . I do love the Lord God.
there was a 2.5 period when people could of bought in dirt cheap, now they will wait to buy at 32/ounce
way above it's 200 day average, probably due a temporary drop. then buy more.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I would be a seller at $35. I've seen $40 and $50. Even if it is was just for one day. Remember the Hunt Brothers? I use to ride my motorcycle on their undeveloped land they bought in Carlsbad CA. Now covered with multi Million dollar homes.
100% Positive BST transactions
last one to pull their hand out of the fire is a chicken shit
Oh well, that didn't last long (at the $19 mark)! We might have to wait another 4 years to get back to $19? LOL
yeh, for the ones that sold at $19, you made a buck on every ounce. Meaning, if you would sell today.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.I don't think so, the Fundamentals are still there. you waited 3 years for this, you can wait another 3 months. patience is a virtue
Today also explains, per a previous poster, why gold/silver are not a replacement for bonds - even low yielding bonds.
Metal prices do not move in a straight line. Similar to Elliott wave theory. The last few days were also just a lot of profit taking after a really major price increase. The upside channel so far is still intact, so I am buying the dips.
Interest rates will probably go down to 0-1% before the election in Nov 2020. Lots of spending being promised, rates need to be nearly 0% to help pay for it all.
Silver, and most all metals should get a big boost from that the next couple years.
My US Mint Commemorative Medal Set
When the stock market drops, precious metal rise