Precious metals

That sounds like one hell of a tour! Years back I got to tour the 3rd largest copper mine in the World and the scale of what they were doing there was staggering. Just the size of the trucks they used for hauling out rock and debris was terrifying, especially with the skinny little roads they were navigating which spiraled up the walls of the mine! The tires on those trucks were each the size of about 2 full size consumer trucks

 

Agreed. And for that those who still haven't looked up the word "correlation" the S&P is down .5% and Gold & Silver are down 1%. So at this time these PMs are not great hedges for market loss or volatility.

 

There is no correlation between stock market and PM's. It is a coincidence what you are describing today.

 

I think the argument the conspiracy guys are going with is that while stocks can hit near zero values PM's won't. Not that I agree, but if you think the stock apocalypse is coming I can see what they are saying.

 

Actually what I'm trying to say is PMs "should" be negatively correlated to the market in order to hedge an investment portfolio or reduce beta.

 

I'd like to describe things like book value, cash on hand etc. but since they also don't believe in things like "float" and "outstanding shares" alluding to the fact that Apple just "prints" shares to sell and raise capital at will I think I'd be wasting my time.

 

Went roll hunting today. Found nothing smh.

 

If the end of the (financial) world is today, the man with 1000 chickens will be king

 

QFT, or 1000 bu of grain in a bin, or 50 head of dairy cows, or etc etc.

Silver doesn't rank high up there.

 

9mm, .45ACP, 5.56, 7.62 are the PAs I collect...

 

If you eat a bullet, your dead. Plus if you plan on raiding... well good luck with that because you'll probably be shot on site by someone else.

Anyways, I'd rather this not turn into the same gong show as the bail out bag thread where gun nuts argue about which caliber and how many guns are necessary to survive any emergency lol.

 

All of them, and all of them. No debate needed

 

I see what you did there. Let's all be honest. A gun in a bailout bag, emergency situation, apocalypse, etc is one of those nice to haves but it's only, at best, a part of what you need to get through whatever situation you are in. Heck, if you have to use it to get some food or such, you are probably in a losing situation anyways where your odds of being on the wrong side of a bullet are pretty high.

 

Very true. Silver takes up way less space than a gun and is much much more desirable. That what I'm gonna keep on me

 

Plus, if you carry a silver bar, you can still use it as a weapon

 

No gong show here. I realize it's the precious metal not ammo thread.

 

and only buy for long term...

silver demand is up, just photography use is down, net demand is up......... Net supply is down........

Silver is money of gentlemen and also used for industrial use because of it's unique properties...........

to keep up with silver demand we now have huge stock piles of both copper and aluminum.........

BRICS news
http://www.silverdoctors.com/100-billion-brics-fund-yet-another-nail-in-u-s-dollar-hegemony/

 

Still waiting for an answer to why my casters here and in Japan have dropped their prices if the demand is so high? Wouldn't they be charging me more???

 

Silver prediction for 2015 from a December 2014 article:

Introduction The retreat in Silver prices has continued this year with prices falling to a low so far of $14.25/oz, down 26.8 percent from the start of the year. Prices have now retraced 86 percent of the gains seen during the mega-bull-run to the 2011 peak at $49.81/oz from the 2008 low at $8.49/oz. Prices are now back at levels where they were trading before the financial crisis and before quantitative easing (QE) was introduced. The fundamentals of Silver are not in bad shape, indeed they are expected to tighten as lower prices reduce the amount of scrap reaching the market. Given scrap accounts for 19 percent of supply a reduction in availability from this source could have a big impact. On the demand side, whereas industrial use is fairly stable, jewelry and investment demand are expected to benefit from the lower Silver price. Prices, however, are being pulled back more by bearish sentiment rather than actual bearish fundamentals. It seems something of an aberration that may not last too much longer. The funds’ positions on Comex have become polarized again, and although the longs could be liquidated there seems no appetite for that, while the large gross short position may well be more likely to cover now they are sitting on a large profit. With the December contract coming to an end next month it may be that shorts start to cover in the weeks ahead. For now we feel the downside is getting stretched, especially with the Gold / Silver ratio having been out to 1:75 and as such we expect a rebound and consolidation at higher numbers. The worry is that Gold might fall further, but it too is also looking oversold even if it is out of favor. On balance, we feel there is considerable more upside than downside potential and any weakness from here may well end up being seen in a downward spike. For 2015, we would look for prices to spend most of the time in the $16/oz to $22/oz range.

Current spot price on 9-8-18: $14.66

 

That is the question, how is demand up supply low and the price is still going low...........

Econ 101 says that is not possible and it's not, unless the prices are being fixed, 5 trillion in naked shorting in a 15 billion market.......

That is why you buy silver it has the most up and least down side risk..........