Under $16?

yeah man. I'm with Noxx. keep'er coming. I love me some silver and gold on the cheap. Maybe missing's price target will come true, $12.00. Yum, yum...i'm the packman. I might even have to borrow my business partners credit cards. Lol.
 
barsenault said:
yeah man. I'm with Noxx. keep'er coming. I love me some silver and gold on the cheap. Maybe missing's price target will come true, $12.00. Yum, yum...i'm the packman. I might even have to borrow my business partners credit cards. Lol.
Click to expand...



Honestly, before the November 8th US Presidential election crowning of the new Village Idiot, I assumed that 2016 would close seeing silver at it's highest price of 2016. I am now far from confident that silver will even be above USD $18 by Dec 31st.


I'm now not even sure the next 4 years we won't see sub $12 silver. With reckless and hopefully unpredictable Trump at the helm, coupled with the fact that over the next 18 months, as many as 5 Federal Reserve Board of Governors' seats could be vacated, and those seats potentially being filled with people who want to loosen monetary spending policies, this may be a 4 years of plummeting pm prices not unlike the scale we have seen in the last several.






.
 
Nothing on the stock market makes sense right now, least of all PMs.

Between Venezuela, India, China and Zimbabwe - not to mention QE and awful earnings... We should be seeing price rises...
 
mmissinglink said:
barsenault said:
yeah man. I'm with Noxx. keep'er coming. I love me some silver and gold on the cheap. Maybe missing's price target will come true, $12.00. Yum, yum...i'm the packman. I might even have to borrow my business partners credit cards. Lol.
Click to expand...



Honestly, before the November 8th US Presidential election crowning of the new Village Idiot, I assumed that 2016 would close seeing silver at it's highest price of 2016. I am now far from confident that silver will even be above USD $18 by Dec 31st.


I'm now not even sure the next 4 years we won't see sub $12 silver. With reckless and hopefully unpredictable Trump at the helm, coupled with the fact that over the next 18 months, as many as 5 Federal Reserve Board of Governors' seats could be vacated, and those seats potentially being filled with people who want to loosen monetary spending policies, this may be a 4 years of plummeting pm prices not unlike the scale we have seen in the last several.

.
Click to expand...

Loosening monetary policies drive down metal prices ?... obviously I did not study at the Yellen-Bernanke monetary school of economics. There is no foundation to what we see today. I call BS this is manipulation of PM prices together with propaganda and money printing the three supporting pillars of the world banking feudal system. Please be accurate these prices are the silver and gold futures contract price not the metal price. It is not coincidence that banning cash, collapsing bonds and spiking stock parameters are the hallmarks of a collapse. If you don't see this and think it is all good enjoy the ride! Is that music I hear...................

1302_titanic.jpg
 
Ronnie 666 said:
these prices are the silver and gold futures contract price not the metal price.
Click to expand...


The price reflected in the silver spot chart that indicates a current fall below USD $16 is for physical silver....that you may think otherwise is baffling. It is this constantly fluctuating spot price movement of the chart (unless the market is closed, then of course the spot remains where it was last) where virtually every dealer and seller establishes their current retail sell price for physical silver....based on that current spot price.



Are you a permabull, Ronnie? Come clean now.




.
 
thefinn said:
Nothing on the stock market makes sense right now, least of all PMs.

Between Venezuela, India, China and Zimbabwe - not to mention QE and awful earnings... We should be seeing price rises...
Click to expand...
It all makes sense.
Don't forget the bond market, which is contracting, is 6 to 10 times bigger than all stockmarkets combined. A 20 - 30% move down in the bondmarket will push extraordinary amounts of cash into the stockmarket. That is why the Dow is hitting all time highs. It has nothing to do with the economy...It is all about the flow of capital. From highest to lowest risk. Just like water.
 
mmissinglink said:
Ronnie 666 said:
these prices are the silver and gold futures contract price not the metal price.
Click to expand...

The price reflected in the silver spot chart that indicates a current fall below USD $16 is for physical silver....that you may think otherwise is baffling. It is this constantly fluctuating spot price movement of the chart (unless the market is closed, then of course the spot remains where it was last) where virtually every dealer and seller establishes their current retail sell price for physical silver....based on that current spot price.


Are you a permabull, Ronnie? Come clean now.

.
Click to expand...

Ok I will come clean although I did shower this morning :D . I am a permabear on this current financial mess we can the money and banking. I am 100% certain the banks will be stealing you money to bail them out of the massive debts they have uncured. The governments bailed them out in 07/08 and now they are more insolvent so they they will gather "you" - the population of the planet, all together within the banking system without the means of escape (cash) and then they will fleece you through taxes, negative interest rates, fees, bail-ins until you are as bankrupt as they are. That is the plan and it is obvious by every move they make. The idea to ban the $100 note came from ? City bank / HSBC. So I am not a permabull on PM as I dont know what they will be worth in $ and I don't really care. What they "may" do is protect your wealth from this theft which is happening right now. How it ends is unknown but if you hold cash, paper assets like stocks and bonds or bank accounts you will be cleaned out; that is without question. So is it important if silver is $16 or $20 or gold is $1000 or $1200 - absolutely not, Ask the Europeans of 1914, the Europeans of 1946, any Indian today with wads of 500 and 1000 Rupee notes or Australians with $100 notes in 2018. Does that answer your question ?
 
Gullintanni said:
Skyrocket said:
Skyrocket said:
Spot will go over $17 before it goes under $16 :D
Click to expand...


$17.21 :D
Click to expand...
Skyrocket nailed it HE said that it would goto $17 before $15 and HE was right on the money:)
Click to expand...


True, was he smart though and sell at $17 to buy back after the likely smack down tonight (but could be a smack up)
 
Too many folk are looking at the short term profits and losses.

The reason to buy Gold, Silver and Platinum is because you should be looking at the big picture. (The world is a political, financial, religious and social mess).

Sure, sell a few coins, flip a few and collect some for your own enjoyment but in my book, you should have a core position in precious metal allocation, just like you would own good soil, water and food.

You be the judge of what's happening in the world, and... you be the judge of why you buy precious metal.

I agree 100% with Ronnie 666, I think he's on the money, "real money". ;)
 
Ronnie 666 said:
...The governments bailed them out in 07/08 and now they are more insolvent so they they will gather "you" - the population of the planet, all together within the banking system without the means of escape (cash) and then they will fleece you through taxes, negative interest rates, fees, bail-ins until you are as bankrupt as they are.

...
Click to expand...

There is a risk that, as governments become increasingly desperate, PMs will also be identified as a means for citizens to escape from the government wealth grab. They'll take everything that isn't nailed down.

"No man is as dangerous or ignorant as he who has the hubris to presume he can manage your wealth better than you, and eventually he will feel entitled to your wealth."
 
PM will be small potatoes - they will take your super and bank account long before they look at PM.
 
Ronnie 666 said:
PM will be small potatoes - they will take your super and bank account long before they look at PM.
Click to expand...
I have more tied up in super than in PMs :(
 
Ronnie 666 said:
mmissinglink said:
Ronnie 666 said:
these prices are the silver and gold futures contract price not the metal price.
Click to expand...

The price reflected in the silver spot chart that indicates a current fall below USD $16 is for physical silver....that you may think otherwise is baffling. It is this constantly fluctuating spot price movement of the chart (unless the market is closed, then of course the spot remains where it was last) where virtually every dealer and seller establishes their current retail sell price for physical silver....based on that current spot price.


Are you a permabull, Ronnie? Come clean now.

.
Click to expand...

Ok I will come clean although I did shower this morning :D . I am a permabear on this current financial mess we can the money and banking. I am 100% certain the banks will be stealing you money to bail them out of the massive debts they have uncured. The governments bailed them out in 07/08 and now they are more insolvent so they they will gather "you" - the population of the planet, all together within the banking system without the means of escape (cash) and then they will fleece you through taxes, negative interest rates, fees, bail-ins until you are as bankrupt as they are. That is the plan and it is obvious by every move they make. The idea to ban the $100 note came from ? City bank / HSBC. So I am not a permabull on PM as I dont know what they will be worth in $ and I don't really care. What they "may" do is protect your wealth from this theft which is happening right now. How it ends is unknown but if you hold cash, paper assets like stocks and bonds or bank accounts you will be cleaned out; that is without question. So is it important if silver is $16 or $20 or gold is $1000 or $1200 - absolutely not, Ask the Europeans of 1914, the Europeans of 1946, any Indian today with wads of 500 and 1000 Rupee notes or Australians with $100 notes in 2018. Does that answer your question ?
Click to expand...


Metal may or may not protect anyone....I see no evidence (other than rare anecdotal) that metal has protected people who suffer currently from great hardship in regions around the world. What has protected people is a return to stability and this doesn't occur (as far as I know of) by those people stockpiling metal.

In my understanding, for like 99.9999999% of the world's population, they can't buy anything they need from like 99.9999999% of other people with metal but they can buy it with a stable currency (whether that currency is metal backed or not). If the currency is not stable, the people must put into power leaders of that country who will adopt a (more) stable currency. We are no longer living in a distant past age where precious metals were seen as money by most people. Therefore it is important today (and for the foreseeable future) for anyone who wants to use their metal as an asset, if that metal is spot priced at Z or 100 X Z / oz.

Precious metals have never been returned to the status of functioning as money in any country that I'm aware of since that country has taken it's currency off a metal standard. Even when a country suffers through severe hardships, does that country return to a precious metals standard.

That "banks will be stealing you money" and "they (the government) will fleece you through taxes, negative interest rates, fees, bail-ins" are strawman arguments. Banks and governments can steal your money and tax the hell out of people whether that money is fiat or backed by metal.


Silver and gold are not panaceas that will cure the corrupted minds of people who are looking to rip you off or exploit you.



.
 
mmissinglink you arguments are so bad and misdirected that it is not worth my while or time to go through them one by one and take them to pieces. Mate you do what you need to and I will do what I need to. This is where I bow out of this post and good luck to you.
 
mmissinglink said:
Precious metals have never been returned to the status of functioning as money in any country that I'm aware of since that country has taken it's currency off a metal standard. Even when a country suffers through severe hardships, does that country return to a precious metals standard.

That "banks will be stealing you money" and "they (the government) will fleece you through taxes, negative interest rates, fees, bail-ins" are strawman arguments. Banks and governments can steal your money and tax the hell out of people whether that money is fiat or backed by metal.

Silver and gold are not panaceas that will cure the corrupted minds of people who are looking to rip you off or exploit you.
Click to expand...
Who mentioned anything about using metals as functioning money? The earlier arguments are about holding a liquid asset, a portion of which could be converted at the prevailing rate to the currency of the day.
 
Holdfast said:
Too many folk are looking at the short term profits and losses.
*snip*
You be the judge of what's happening in the world, and... you be the judge of why you buy precious metal.
Click to expand...

Your second sentence contradicts your first.
 
Ipv6Ready said:
Gullintanni said:
Skyrocket said:
$17.21 :D
Click to expand...
Skyrocket nailed it HE said that it would goto $17 before $15 and HE was right on the money:)
Click to expand...


True, was he smart though and sell at $17 to buy back after the likely smack down tonight (but could be a smack up)
Click to expand...


I buy all my physical silver for the long term and don't intend on selling any until it's goes over $100. Maybe more. :D
 
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