Precious metals

A new money that gets its value how? Because someone says so?

 

I don’t know if PM’s will take off(maybe gain but not skyrocket...yet). As this coming crash approaches and doesn’t recover as it always does in the past, I’m sure PM’s will move upward while currencies devalue and eventually collapse.

If you didn’t see post #105, you won’t understand where I’m getting my info from despite having no significant knowledge of economics. FYI, I’m a bit more than a normal Sunday Christian. Take my info as you wish.

THIS I KNOW FOR SURE, NO DOUBTS. I WILL SAY IT AGAIN!
1. Downward trend has started.
2. Crash will be worse than 2008. I believe Dow was at 5000’s last time.
3. Dow won’t recover, it will be down for years.

 

I don't give much credence to bloggers who can't find a real audience besides a blog. I'd like to see them address a crowd at a real venue like Stanford, Wharton, Harvard etc.

 

No. Everyone in the governing body has PMs. They will tell us.

 

Yes we live in a global economy.

Yes we are the global leader (for now).

Yes if we go broke, the entire world goes broke.

No country is strong enough to become the world reserve currency. That is where the IMF will create a new system.

PM's value is not being determined by the 2% of physical holders. If that were the case, we would already see extremely high prices as demand is high and supply is low. PM's value is also manipulated, and will continue to be until attention and funds are re-prioritized.

 

I respectfully disagree. There is absolutely no demand in physical silver. And yes I have industry knowledge of this. Who wants silver? I can get you as much as you want at rock bottom prices.

 

This is what we need to learn.......

The current dollar is at the end of it's run 1, 5 , 10 years but the party is almost over because it has no value and is based on nothing and they are printing it out of existence....

The rest of the world is about to convert to a new world currency...

The new currency will most likely be back by gold because money is based on gold.....

The current dollar will either be devalued much lower or replaced with a new dollar......

and if we want the dollar to compete it will have to be backed by gold.......

Unfortunately a gold standard will limit the up side of PMs maybe 1 or 2 huge jumps and then it will be fixed again.....

PMs are to get to the other side of the devaluation of the dollar not during, unless opportunity strikes....

 

Will somebody please tell me where are this demand is coming from and why the supply is so low and nobody can get any silver?

 

Silver troll alert.........

That's a lie........ go check any coins sales............ go ck the the post above............

 

That's great and all but at some point you are still going to have to have somebody or some entity tell you that one note of this new currency is worth some amount of gold. And then we have to just accept that. If the dollar has just entirely collapsed you honestly think people will go along and say "sure, that seems fair to me!" and start using this new currency?

 

I can sell you bouillon, how many ounces would you like? Troll? Check your facts.

 

No demand for physical silver? There certainly is. The US Mint has several times run out of physical silver and has suspended sales.

Also many large distributors of PM's have been backlogged.

 

And the US Mint is the sole provider of physical silver? Me thinks not.

 

Do you have American Silver Eagles? I will gladly buy it at $14.68/oz.

 

Yes they are the sole supplier of reputable institutions like JM Bullion, APMEX, etc.

 

Funny how all these sites are LOADED with silver:

http://www.jmbullion.com/silver/silver-bars/

http://www.bgasc.com/category/all-silver-bars

 

200 oz. bars? I did say bouillon.

 

Curious, why you have such a large bar if you don't believe PM's hold their place in a falling/failing economy.

 

So if demand was so high I'd assume all these websites would be sold out right? But they aren't. I mean I even get quantity discount. Doesn't seem prudent to offer a discount when demand exceeds supply to me.

 

I never said I own them, I said I can sell you some. Not exactly the same thing.