Matthew 26:14
New Member
Stage 3 = panic buying. Don't see that happening......yet....
Silver is Approaching Stage Two of its Bull Market - James Turk
- Thread starter Ouch
- Start date
Nub Cannon
New Member
When I see cash for silver ads popping up all over the TV stations I will know we are in phase 3 and I will get ready to sell (if silver doesn't get monetized).
Do you mean ads like these, which are ALREADY popping up everywhere?
Nub Cannon
New Member
I mean ads like the ads on TV, with some crazy gu yelling and telling you to give him your gold 
I see ads like this on TV all the time for gold
I see ads like this on TV all the time for gold
pmfiend said:
is this why I always get emails trying to sell me size and enhancement drugs? damn. Kinda makes me want the Justin Bieber content.... or not.
Anyway.... FINALLY saw one of the gold vending machines in real life the other day!!!! I was just walking along and POW! I was not expecting it. Went and had a look.... along with a number of others(lots of interest) nil sales. Almost bought some gold but didnt know the current currency rates at the time.
and in realising that this is the silver thread.... I think that silver is just swell!
Silverthorn
Well-Known Member
Nub Cannon said:I mean ads like the ads on TV, with some crazy gu yelling and telling you to give him your gold
I see ads like this on TV all the time for gold
Look for the day some crazy guy is trying to sell you gold on the telly.
pmfiend said:
Indeed... I have been using adwords for close to a decade now.
Nub Cannon
New Member
Silverthorn said:Nub Cannon said:I mean ads like the ads on TV, with some crazy gu yelling and telling you to give him your gold
I see ads like this on TV all the time for gold
Look for the day some crazy guy is trying to sell you gold on the telly.
Those will be interesting times eh. I really hope silver doesn't go into phase 3 for a while since I just started stackin.
El Bullion said:
This is one of the things i have thought about alot ! And it makes sense, anyone else thought about this ? Mums and dads got propery cause everyone needs to live in one and you can always build property, specially in australia. But silver runs out, it might enter phase 3 before mums and dads even know about it ....
intelligencer
Active Member
We're nowhere near 3.
As long as people are uninformed enough to sell to goldbuyers in shopping malls then the public isnt in mania phase.
Yesterday I asked one of these shark kiosks what theyd buy 9K at $6.99 per gram; 18K at $14.99 per gram.
I asked whether they knew what one ounce was worth. They said no. When I said $1400 they said yes they knew but that was pure gold.
I asked her why she'd lied about not knowing what the real price of gold was. She said in India it was per gram, not ounce so she didnt think it was relevant.
I told her she was no better than a thief and left.
As long as people are uninformed enough to sell to goldbuyers in shopping malls then the public isnt in mania phase.
Yesterday I asked one of these shark kiosks what theyd buy 9K at $6.99 per gram; 18K at $14.99 per gram.
I asked whether they knew what one ounce was worth. They said no. When I said $1400 they said yes they knew but that was pure gold.
I asked her why she'd lied about not knowing what the real price of gold was. She said in India it was per gram, not ounce so she didnt think it was relevant.
I told her she was no better than a thief and left.
millededge
Active Member
I haven't read through the posts yet, but surely you guys know that Turk is a top gun
After 3 years of addiction, voracious reading, hours a day, this guy ticks quite a few boxes
Firstly, unlike quite a few people in the biz, he is not making his core money from a subscription newsletter. Those guys form a distinct category in the websites we all read. They are the majority.
However, there are several bigger fish.
Billionaires like Hugo Salinas Price and I think Eric Sprott
Casey who I think has a gold fund after reaping megabucks in the 70s bull
And Turk, who is quite unique, in his GoldMoney venture, which seems to have similarities to BullionVault
This guy has made correct calls without mincing any words or couching.
Think about it this way, if we are in phase one, and phase two begins with 50 smackers, we are in for one hell of a ride up.
If the gold price reaches 5k (3.5x current price) and GSR reverts to 15 we have a POS over 300.
Neither of these 2 assumptions is unreasonable. In phase III, on the other hand, reason is thrown out the window, and we could expect to make most of our money there, if we get out before the sheep are turned into yiros (sic).
Phase III is characterised by borrowing in anticipation of profit to pay the debt, by flock upon flock, with celebrities on "Hot Silver" spieling it every bit as hard as the property spruikers.
In fact, what would be really cool, is if someone trawled back through the 70s and 1980 mania period and tracked down all the advertising, talking head media commentary and/or TV shows (even movies) about silver and gold, just to illustrate textbook ovine excitement
After 3 years of addiction, voracious reading, hours a day, this guy ticks quite a few boxes
Firstly, unlike quite a few people in the biz, he is not making his core money from a subscription newsletter. Those guys form a distinct category in the websites we all read. They are the majority.
However, there are several bigger fish.
Billionaires like Hugo Salinas Price and I think Eric Sprott
Casey who I think has a gold fund after reaping megabucks in the 70s bull
And Turk, who is quite unique, in his GoldMoney venture, which seems to have similarities to BullionVault
This guy has made correct calls without mincing any words or couching.
Think about it this way, if we are in phase one, and phase two begins with 50 smackers, we are in for one hell of a ride up.
If the gold price reaches 5k (3.5x current price) and GSR reverts to 15 we have a POS over 300.
Neither of these 2 assumptions is unreasonable. In phase III, on the other hand, reason is thrown out the window, and we could expect to make most of our money there, if we get out before the sheep are turned into yiros (sic).
Phase III is characterised by borrowing in anticipation of profit to pay the debt, by flock upon flock, with celebrities on "Hot Silver" spieling it every bit as hard as the property spruikers.
In fact, what would be really cool, is if someone trawled back through the 70s and 1980 mania period and tracked down all the advertising, talking head media commentary and/or TV shows (even movies) about silver and gold, just to illustrate textbook ovine excitement
millededge
Active Member
intelligencer said:
a little better than a thief
a thief appropriates your chattels without any consent
in thecase of the cash for gold business, there is consent, but it is not informed consent
the enterprise relies on ignorance and due diligence is squarely the responsibility of the bogan or granny, unless it is an informed transaction based on dire need
generally, only dumb sheep fall prey
I would think thieves are actually part of the clientele
millededge
Active Member
when the term silverstacker gets an entry in Mirriam-Webster and Wiki, we are surely in phase II
Agauholic said:
Now that is the shit i like.... thats why im only making a couple more bullion purchases then im going to buy shares... make a hell of alot more money that way
I would be very hesitant to take advice from anyone on this forum who seriously feels that we are even moderately in to stage-2 of this bull market.
By stating that you feel we are approaching stage-3 totally undermines anything else you comment on regarding the market. It is better to ask questions than to state "fact" unless you are genuinely a respected expert in this field and can back up your opionon with data and evidence.
When people start buying silver "just because" you know its a good time to sell.
And to those who feel that the kiosk-style gold buyers are "theives", well thats exactly what you will be, based on your definition, when you start selling your sliver at prices WAY above what you know it is worth...HENCE YOU SELLING TO UN-EDUCATED BUYERS.
A free market operates similar to the gold-kiosk...People trade their gold/money for something they see as more valuable to them in that moment. Since someone sees better value in holding cash instead of a necklace then whetever they can sell it for is the free market giving its price.
This is exactly what will happen in phase-3 of the silver bull run. People will see better value in trading their 3-bedroom house for a couple of kilos of silver. Is anyone a thief? no, both parties AGREED to trade something of less value for something of greater value.
Value in this sense is based on that individuals perception.
By stating that you feel we are approaching stage-3 totally undermines anything else you comment on regarding the market. It is better to ask questions than to state "fact" unless you are genuinely a respected expert in this field and can back up your opionon with data and evidence.
When people start buying silver "just because" you know its a good time to sell.
And to those who feel that the kiosk-style gold buyers are "theives", well thats exactly what you will be, based on your definition, when you start selling your sliver at prices WAY above what you know it is worth...HENCE YOU SELLING TO UN-EDUCATED BUYERS.
A free market operates similar to the gold-kiosk...People trade their gold/money for something they see as more valuable to them in that moment. Since someone sees better value in holding cash instead of a necklace then whetever they can sell it for is the free market giving its price.
This is exactly what will happen in phase-3 of the silver bull run. People will see better value in trading their 3-bedroom house for a couple of kilos of silver. Is anyone a thief? no, both parties AGREED to trade something of less value for something of greater value.
Value in this sense is based on that individuals perception.
millededge
Active Member
we only have a minnow in Australia - Cobar (CCU), but management so far has treated shareholders very well, and so far, everything is going to plan. There is also plenty more to explore in the tenement and neighbours are finding high grades in their cores.
Check it out in the stocks section
Check it out in the stocks section
millededge
Active Member
millededge said:
actually, a thief appropriates your chattels without consent and in abrogation of the law
Frederic Bastiat gave a pithy definition of law. "Law is force".
Specifically, the law is state-sanctioned force, ie state sanctioned appropriation is essentially legislated theft.
Common thievery shares the genus, just a different species