Precious metals

The states has gold in the grand canyon and tons of metals in the rockys, but the money is based on nothing and they are printing non stop....
So if you have more money and the same resources the price should go up unless you are fixing the price....

The US is the only place you can sell something that you don't have.... Like naked shorting silver... In the long run markets always win....

 

Yeah I cant help but sub to this thread

Sure is entertaining in here.

 

Welcome brother.

 

Price goes down when demand goes down. You said it yourself gold isn't lost to very many things. Electronics demand is way down and there isn't much demand industrially for gold right now. So the value of gold is falling.

Anyways, that's my opinion. If gold goes under 1K even I will buy in.

 

The Canadian dollar is heavily linked to the price of commodities because of how our economy is setup. Commodities down dollar goes down. Trust me, what you have in your land does matter at the end of the day. The USA doesn't even have close to the assets in the ground to cover it's debts. But, anywho, it's all speculative. Like you said, give this 5 years and we can talk about what happened.

 

It's because we've been off the gold standard for years. And the dollar can't crash, that's impossible. Why do you think oil is denominated in dollars and no other currency? You may not like the "fix" in the government and I assure stocking up on a precious metal you have no way of converting into currency is not the way to fight back.

 

The thing is total silver demand is up but he price is down and this year supply is also down, how is that possible????

Because prices are fixed, google the us mint closing down production because they ran out..... Did the price go up or down that day???? Google SLV price...
The price went down on a day they ran out of supply....... Price goes down almost every sunday...... Ck us mint sales, or any coin sales they are up...

Most of the oil is sold in dollars but not all, that's what the wars are about not 50 terrorist in the dessert... Iran sells oil for gold that's why we are trying to convert them to the dollar, they are the next source of oil but they are partnered with the BRICS... We are trying to win them over because we need their oil and the Syria war is taking too long....

Syria also sells oil on the open market, that's why we are messing with them and John Mccain is giving weapons to terrorist to take over Syria but those guys are crazy and it back fired....

We have an agreement not to over print our money but we are that why the world is switching away from the dollar...
They are forced to use our money and we take the money and invade their countries and they don't like it anymore.....

The world is just waiting for an alternative and China and Russia are putting that together right now....

 

If you are mad at big bankers, silver is the best way to fight back..... They are paying 5000 an oz to keep the price down I can buy it for 20oz and there is only so much and those shorts will put another bank out of business......

But some of them are shorting digital silver but going long in physical silver, because after the crash physical assets will rule the day and some of the digital will be wiped out because it doesn't exist and is based on nothing...

 

I'd love to see the proof of a big bank buying silver at $5000 USD an ounce when I can buy it from the mint for about a hundredth of that all day long.

Present your opinion without the exaggeration. It seems a lot more legit that way.

 

The 2008 financial crisis led to the failure of a large number of banks in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012.[1] In contrast, in the five years prior to 2008, only 10 banks failed.[1][2]

another reason to own silver is another round of bank failures is on the way....

• Theft: The FDIC does not insure against bank robbery, but that doesn’t mean that you are unprotected. Check to see if your financial institution has what is known as a banker’s blanket bond. This is insurance the bank gets separately to cover losses due to theft, as well as other items not covered by the FDIC, including fire, embezzlement, earthquake, and flood.
• Banks cover you in case of fraud
  It's a different story if your bank account is hacked or someone writes a bogus check and drains your account.
  
  "It's only for bank failure that FDIC insurance covers the account," Williams-Young says.
  
  Instead, it's the banks themselves that are covering your losses if someone steals your money, says Doug Johnson, senior vice president of payments and cybersecurity policy for the American Bankers Association, or ABA. "Banks as a matter of policy fully reimburse customers for fraud on their accounts."

• Basically, your checking account is protected if it does not bear interest, no matter how high the balance is, until the end of 2012. Note that Money Market Deposit Accounts and Negotiable Order of Withdrawal accounts are not protected by unlimited insurance (although they are protected up to $250,000), even if interest is not paid on the account.

Derivatives
http://www.globalresearch.ca/five-b...n-in-outstanding-us-derivative-exposure/27127
Bail Ins
http://internationalinvest.about.com/od/glossary/a/What-Is-A-Bail-in-and-How-Does-It-Work.htm

Greeces banks are still closed and they will loose 50% of there savings before they open plus they have a VAT tax 12-28%..... and can take out 60 a day......

 

Look up the Canadian banks. Canada has the strongest banking system in the world due to the charter system. The number of banks are limited and they are strictly regulated. No matter whether your account is interest bearing or not you are guaranteed $100K (against several world currencies including the Yen) should things go south. Even the credit unions are now protected.

Sounds like the US needs to redo it's banking system.

BTW are you expecting to use your silver for purchases if the banking system shuts down? What if the US government recalls Silver and Gold or makes it illegal to trade it. Then you are in the same situation. It's happened in history a few times, and if the Dow hits 1,000 like you think it'll happen again.

Edit: BTW this is why some of the other PM's I mentioned that have industrial values may be better buys for people right now. The government may recall gold and silver, but palladium and rhodium will be safe and still in demand. Just a thought. I'm thinking about buying a few palladium Canadian mint coins, which were made a couple of years ago, if the price gets low enough.

 

Now you get it...... You can buy if for a fraction of it's real value that is the whole point.......and it's real and you own it 100% with no title or fees.... Even your house has regulations, upkeep, fees and taxes... Silver has none.....

They are shorting it 250 times against silver they don't even have..... So why make the effort if silver has no value??????
They are naked shorting years of silver production in a single day, why??????
The whole silver market is only 1.5 billion so why spend 5 trillion??????

To keep the price down to hide the real value, to hide real inflation and make people sell, but we are buying and they don't know what to do....

Because silver is on sale thanks to them.......

http://investmentwatchblog.com/bloomberg-admits-5-trillion-annual-silver-market-fraud/

 

That could happen, unlikely but possible, I would have to learn more about the other metals... I have focused on gold and mostly silver because the up side is huge I'll have to look at those...

I hope I don't have to use it for bartering....

I plan to convert after the dollar reevaluation as I needed, or convert for the next investment....

If silver ever goes mainstream the price will go crazy so I may use some to top the market...

But most of my silver is for retirement saving not just investing so in 10-15 years I will be ok.....

That is one thing about buying silver don't uses money that you need right now if the GOV doesn't break this year we will have 7 more years to wait it out.... So silver should be a long term plan 5-20 years or to pass down to the kids.....

In 50 years the current dollar will be worth nothing but silver will still be silver just in much higher demand......

 

For holding equity PM are great. I agree with you there. Look into palladium maple leaf coins. They are minted currency made out of nearly pure palladium. They are just as liquid as any other metal and actually have a large amount of value, versus something like copper and is necessary for a bunch of modern industrial processes.

To be honest I would own the palladium to pass down to the kid. I agree PM's only work as a tool IN GENERAL after longer periods of time. A few palladium coins could pay my daughters college if needed and still hold a face value if things dont go south.

 

Hmmm
http://moneymorning.com/2015/08/24/gold-prices-today-higher-after-global-stock-markets-crash/

 

wow just realized, they spend almost 2 years of tax revenues(money printing) every year just to short silver.....

That is crazy, no wounder we are in trouble.....

 

Slightly off topic, but has anyone noticed all the pictures with the Chinese stock exchange showing red numbers on their board. Red is the colour of luck in China. So they actually have their board reversed with green meaning down and red being up...

So those pictures have either got to be old or someone didn't do their fact checking. That or Americans are just ignorant so they went with what looks like a bad board lol.