Precious metals

one more

 

Can you elaborate more? I've never bought silver online

 

Gold off nearly 1.5% and silver off 3+% today.

 

Don't forget about SIPC: http://www.sipc.org/

Your investments are protected against everything EXCEPT market pricing IE losses on your securities value. Everything else and you're good to go.

It's fair to post all the info for everyone to see.

And every single bank is insured against fraud, hacking and theft. Show me an example of a single person being adversely affected please.

Think Visa, ever have that European charge for $800 of camping equipment shipped to Norway you never ordered? No problem, you're covered. Ever have your ATM card from Bank of America or Wells Fargo get lost or stolen and see multiple unauthorized cash withdrawals? No problem, you are made WHOLE. These are facts.

 

When you say the dollar bubble will burst what are you saying? The dollar will only be able to buy half as much Yen? Euros?

 

Very interesting thread.
I'm subscribed.
I've been lurking you guys while perusing all the financial news I can read for the last couple days.

At this point, all I know is not many people have even come close to accurately predicting what the markets are doing.

I'm just enjoying the show. I haven't sold a thing during this crazy market. The markets can do whatever the hell they want to do.

 

Silver hit hard today and my bear market ETF loss 11.16%, I’m still not sweating it. To be continued.

 

ETF shorts are trading vehicles only, not long term holds for bear markets. My free advice.

 

Thanks! Yup, I understand. I could’ve cashed in end of day yesterday and made a fistful of cash (I will keep those numbers secret). I’m still in the green and could’ve of cashed in plenty still today even on the Dow’s rally today. I still believe market is on a bear ride and I’m still no financial expert. I keep posting here good or bad. PM’s getting hit hard again after a short rally, as usual.

 

I don't claim to be an expert but I know more than enough to tell you we'll never see the Dow at 5,000 or that the government will recall gold or silver OR that any PM will beat the average annual return of diversified equity portfolio.

 

The problem is silver has 2 prices the price of digital etfs ect or the price you can buy real physical silver for......
If you are going to trade digital ETFs the price could go lower and you have a promise that the ETF has silver, if you are going to by real physical silver the price is more but you get the silver...

So you can trade digital SLV for 13.8 but to buy an american eagle is 21.23 a $7.43 difference so people will say the price is down buy the real price has been flat for 4 to 5 months for real silver..... as the digital price goes down the real premium goes up but here is no chart for the real price so the novice thinks the price is still going down but it has hit the bottom in the last few months and starting to go back up......

So if you are buying real silver buy now and buy some every month....

I buy either at local coin shops or APMEX and I have the coins in a few days very easy....

But paying cash at a local coin shop is the best method.....

 

The current bank fraud and theft are called bail ins.... They gamble and you pay.....

http://www.forbes.com/sites/nathanl...-bank-bail-in-is-another-crony-bankster-scam/

http://thejanssenreport.net/bail-in...isk-as-austrian-bad-bank-wind-down-goes-awry/

and now Greece will receive a bail in.....

 

The down side risk is low for shorting the dow right now, I can hold to 18300 so I have no worries, I'm holding my short till after September these guys love their numbers and it's year 7 in a few weeks and the dow is already in trouble.... and now China is sell T bill and there is no one left to buy....

 

yes for imports...

The dollar is over valued for a few reasons....
1. way over printing but most of the inflation has been exported to other countries and into the stock market....
2. way to much debt, we are not cutting any cost, we spend more on military than the next 20 countries combined, crazy....
3. No good alternative yet... But china is almost ready the have more gold than us, less debt and more manufacturing...
4. other countries are sick of the dollar inflation and our war machine and want an alternative...
5. no one left to buy our debt...

So when the dollar bubble burst I feel a small than a big correction is coming....

We will be left with revaluing the dollar lower like in 1973 or coming up with a new dollar....

Both of these will cause high inflation, so gas will go to 5-10 dollars ect..... this could happen over years or in big steps at a time.... In 73 we had gas lines around the block because our money was revalued in a few months....

Gas price chart


Can you tell when the gold standard ended??? Gold standard builds wealth for the middle class....

 

Nope not a good example. Name me one single American who has lost any amount of a secured deposit. The answer is ZERO.

 

I thought the market was crashing! Again it'll play out to the upside over the long term and your hopes of Dow 15,000 or 10,000 will never materialize. Are you a chartist? Do you trade on technicals? Have you seen the data? Have you back tested that against monetary policy and supply? We can debate future values and market doom if you like. I'm always interested in hearing from permabears.

 

Wrong, did you se that China just devalued the Yuan to place more money in the hands of Chinese citizens. You see the SocGen report on the multiple billion dollar sale that only proved to strengthen the dollar? You gold play into the currency market is absolutely incorrect and has no correlation to China's monetary policy. Period. We can set up a timeline again to see who's right and who's wrong. But we need to debate one or the other, not all tied together otherwise it's just chicken little and I'd need my tin foil hat and would be debating you from my bunker underground in North Dakota....

 

I'll see your gas at $5-10 and raise you crude oil being stockpiled at sea:

http://www.rt.com/business/221147-traders-tankers-oil-stockpiling/