Precious metals

Because that is not the real price for about the 100th time..... this is the real price........

http://www.apmex.com/product/23331/1-oz-silver-american-eagle-bu-random-year



21.22

 

Okay so you say it's not the real price. I have custom jewelry casted regularly. I call my guy and get a price. It's cheaper then it was last year. I pay the man and walk away a happy camper adding another piece to my collection. Is that not a good example of the real price? Or when I melt down some old PMs and get them assay'd they offer me less than the prior years. That's a real life example. Is that not the real price of silver and gold?

 

That's why we buy coins......
So how much do you pay and how can I get some?????????????

 

Okay, I will agree that US minted collector coins and certain numismatic coins can appreciate in value, never said that wasn't the case.

If you look at what I've been saying it's that in the real world the average investor will use ETFs or bullion as investments. ETFs are highly liquid and easily accessible. Bullion is not so liquid and much harder to obtain. Both are the avenues for investors. These also aren't the folks looking for Dow 10,000 as they are investors who usually hold a mix of equities and want to remove some beta / volatility from their overall portfolio.

 

The silver trade is not here yet, we could be ahead of the curve 5 years and I know that....

I sold my ETFs and slv is down 20% so I'm saying don't trade ETFs. Don't buy miners, yet.........
the physical price is not down this year, not for coins and some coins are going up so I'm winning........
So my physical silver is out pacing my 401k this year....
Some of these coins are up 100% and the silver price is in the tank and we all know that the price will reverse at some time, then how much will those coins be worth........ a lot..........

If you are not buying physical coins don't trade silver....... Wait and buy miners..... Silver is not an "easy trade" it's wealth preservation.... So if you don't get it, don't get it.....

We all like different things, only invest in what you know, I know a lot about silver I've been looking for holes in silver for years and I can't find any......

Anyone that doesn't understand the things I post should not get silver..... go buy land, houses or a business..... Buy hard assets for now.....

So we are ahead of the trade and that is good and physical price has bottomed this year......

But if you can get coins cheaper let me know where to get them, I'm a silver buyer at these crazy prices.........

 

start at 6:10...

https://www.youtube.com/watch?v=GgPyWLr20jk

 

What do you think about this?

"a lot of people are running around talking doom and gloom, the end of the dollar and all that. I might even agree with that, but I don’t think it has a lot of content.

What I try to do is provide a more in-depth analysis describing what will come next, what the future international monetary system will look like.

I point out that the international monetary system has already collapsed three times within the last 100 years—1914, 1939, and 1971—and that another collapse would not be at all unusual. But it’s not the end of the world. It’s just that the major powers sit down and reform the system. I talk about what that reformation will look like."

 

Just as he says. The major powers (IMF, fed, govt, and big banks) will come up with a new intl monetary system.

Why will they need to do this? Because the current situation is over-leveraged and has great potential to devalue.

Already occurring, many entire countries are transacting without USD. At the same time, major countries (Russia and China particularly) are buying up as much gold and silver bullion as they can. These things are happening for a reason, confidence in the dollar is diminishing. The value of the dollar is directly related to that confidence.

So, my belief is that having PM in my portfolio will hedge against that possibility. Like most, never put all eggs in one basket, and PM is only a small percentage of my portfolio.

To me, that is the main reason to own PM. To hedge agInst a crashing dollar. We also talked about using PM as currency during economic turmoil. While I think that is a possibility, that is not the main advantage I see.

All in all, I will say I hope the ship doesn't sink. This is still the most powerful and greatest country on the planet, and hope it stays that way.

 

You think the IMF will revert back to a gold standard again?

 

Highlights from the Second Quarter 2015 Quarterly Banking Profile

Net Operating Revenue of $172.9 Billion is 2.1 Percent Higher Than a Year Ago: Loan growth helped lift revenue at most banks, as net interest income rose $2.4 billion (2.3 percent) compared to the second quarter of 2014. Noninterest income was $1.2 billion (1.9 percent) higher as servicing income increased $1.8 billion (63.9 percent) and trading income fell $904 million (14.1 percent).

Community Bank Earnings Rise 12 Percent: The 5,881 insured institutions identified as community banks reported $5.3 billion in net income in the second quarter, an increase of 12 percent from the second quarter of 2014. Net operating revenue of $22.3 billion at community banks was $1.6 billion (8.0 percent) higher than a year earlier.

Asset Quality Indicators Show Further Improvement: Net loan losses declined year-over-year for the 20th consecutive quarter, while noncurrent loan balances declined for a 21st consecutive quarter. Quarterly net charge-offs were $1.1 billion (11.2 percent) lower than a year earlier. The annualized net charge-off rate fell to 0.42 percent from 0.50 percent a year ago and was the lowest quarterly rate since the third quarter of 2006. The amount of loans and leases that were noncurrent (90 days or more past due or in nonaccrual status) declined $8.3 billion (5.4 percent) in the second quarter of 2015.

Net Interest Margins Remain Under Pressure: The average net interest margin (the difference between the average yield on banks' interest-earning investments and the average interest expense of funding those investments) rose to 3.06 percent in the second quarter from 3.02 percent in the first quarter, but remained below the 3.15 percent average in second quarter 2014. Average margins at community banks of 3.57 percent in the second quarter were up from 3.54 percent in the first quarter, but down from 3.61 percent in second quarter 2014.

Loan Growth Remains Steady: Total loan and lease balances increased $185 billion (2.2 percent) during the second quarter. For the 12 months ended June 30, loans and leases increased $437.8 billion (5.4 percent). At community banks, loan balances rose 2.7 percent during the second quarter of 2015 and increased 8.8 percent during the past 12 months.

"Problem List" Continues to Shrink: The number of banks on the FDIC's Problem List fell from 253 to 228 during the second quarter. This is the smallest number of problem banks in nearly seven years and is down dramatically from the peak of 888 in the first quarter of 2011. Total assets of problem banks fell from $60.3 billion to $56.5 billion during the second quarter.

Deposit Insurance Fund (DIF) Rises $2.3 Billion to $67.6 Billion: The DIF increased from $65.3 billion in the first quarter to $67.6 billion in the second quarter, largely driven by $2.3 billion in assessment income. The DIF reserve ratio rose from 1.03 percent to 1.06 percent during the quarter.

 

Possibly...

Those bank stats, to me, sound like nothing more than the result of low interest rates. Of course loan balances are high because people are borrowing because interest rates are low. Problem risk banks are lower because they learned not to give people stupid loans they couln't afford (which is part of the 2008 bailout).

 

Anyway...... back to PMs

http://www.zerohedge.com/news/2015-...yria-set-forward-operating-base-near-damascus

http://www.jpost.com/Middle-East/Russian-papers-S-300-delivery-to-Syria-not-before-2014-315006

http://www.bloomberg.com/news/artic...-start-s-300-deliveries-to-iran-by-early-2016

http://www.zerohedge.com/news/2015-...sive-chemical-explosion-peoples-daily-reports

Russia is putting the pressure on the US.........

 

Don't be fooled those banks are up to all their old tricks........

Citi is the highest risk right now...... I think chase sold most of their positions to citi so they may be off the hook......

 

Good vid, this is everything we have been saying and I'm sure Jim Rickards knows what he's talking about.....

 

HOW TO PROTECT YOURSELF FROM HIGH INFLATION

1. The dollar is the strongest it's been in 10 years, so take advantage of it's purchasing power...
2. Buy necessities now don't wait for the price to go up, take advantage of low aprs.
3. Reduce debt and monthly cash flow...... pay down your debt now and get rid of unnecessary expenses now...
4. Plan on all expenses going up 100%
5. Down size now... If you are living pay check to pay check get a cheaper car, rent, house ect....
6. Get some savings in cash, have 2-6 months of savings and not just in the bank but cash....
7. Get healthy, supplement, eat healthy, get off medications, exercise... medical expenses literally kill you...
8. If you are hooked on medications, have extra...
9. Stock some extra food and water, have at least 2 months of food supply at all times....
10. Have some form of protection and extra ammo, mags ect......
11. move to the country if possible or out of the city....
12. Cash flow investment like a business, rental, write a book.......
13. Shift from 401K to a trading account... 401K trap your money and it's hard to use if you need it....
14. Buy physical PMs, I recommend silver.... in good times have 5-10% PMs, but these are not good times...
15. Find other investments that will grow with inflation like PMs
16. If you are on a pension from the gov find an alternative source of income and start saving now....

The dollar collapses may just be some short term hassles and higher prices, that will be best case....
Or could lead to huge shortages, huge price increases, bank closings, bank bail ins and pension default like what is happening in most of the other countries....

These are the most likely out come, so doing the things above will help reduce the pain...

 

Looks like my big investment this month will be replacing the roof myself... Will save me tons....

 

I cannot fathom what goes on between your ears. Do you think that in an "End of days" scenario anyone would want to trade food or ammunition for useless metals? Steel would be worth far more than Silver which would be worth more than Gold in that scenario. One cannot eat Silver or Gold, therefore, in a doomsday scenario, both are utterly fucking useless.

Only way trading PMs in a doomsday scenario would make sense is if the people you were trading with had an assurance that in the next 5 years Gov't would suddenly spring back to life and Gold/Silver would have immense value. Far-fetched.

 

You are starting to get it.

Again, if the dollar sees hyper inflation, it will be worthless. PM's will, and I repeat, will hold their value through that. PM's won't necessarily become worth more, but the dollar will be worth less. Once the new monetary system is born, one would be able to take those PM and buy into the next system at a huge advantage.

Shr133's point about having cash (not in the bank) is to protect against bank runs like Greece recently experienced. Our bank run has the potential to be much worse. Interest rates are virtually 0, so you are not making any interest gains on savings accounts.

I do recommend keeping cash in the bank as well. Many institutions will not accept cash for a car loan or mortgage, so it is importand to have cash in the bank too, IMO.

 

Well you can take solace in the fact that interest being virtually 0 means that inflation is virtually 0. Globally the dollar is a lot stronger than in years past and at home the fear of collapse in the mainstream has subsided. If interest rates sky-rocket then concern makes sense, but for the time being your dollars are one of, if not, the safest currency(ies) in the world.

 

Right on the money.....

It's hard for people to get it because the US has been so strong all their life, but times change and some people will just learn the hard way......

The writing is on the wall......