Silver
- Thread starter coolcat
- Start date
If I can predict when silver is going to hit its bottom to within 1 month
I will just keep the prediction to myself. Depending on your risk tolerance
you may put your money into silver tomorrow or give it another
month for a lower entry point. You may consider buying into one of the
silver ETF or bullion funds like SBT.un or PHS.un in increments so you
can average up or down. If you have one million in spare cash a $50k--$100k
investment into silver bullion is worth the risk IMO.
As for me having increased the holdings of gold and silver bullions
in the portfolios under my watch I've also initiated a position in
Franco-Nevada. After funds holding physical bullion FNV is about
the least risky investment in the precious metal sector I can find.
I think there is a good chance the stock will slide further by another
20% but I am willing to average down betting a surprise on the
upside. If you are willing to take on more risk you can easily pick up
various silver miner stocks at fire sale prices. If silver prices ever
shot back to above $30 silver stocks could turn out to be triple baggers.
I will just keep the prediction to myself. Depending on your risk tolerance
you may put your money into silver tomorrow or give it another
month for a lower entry point. You may consider buying into one of the
silver ETF or bullion funds like SBT.un or PHS.un in increments so you
can average up or down. If you have one million in spare cash a $50k--$100k
investment into silver bullion is worth the risk IMO.
As for me having increased the holdings of gold and silver bullions
in the portfolios under my watch I've also initiated a position in
Franco-Nevada. After funds holding physical bullion FNV is about
the least risky investment in the precious metal sector I can find.
I think there is a good chance the stock will slide further by another
20% but I am willing to average down betting a surprise on the
upside. If you are willing to take on more risk you can easily pick up
various silver miner stocks at fire sale prices. If silver prices ever
shot back to above $30 silver stocks could turn out to be triple baggers.
Do not use an ETF. There are vaulting services available for a reasonable fee. Or store it yourself. Most of the ETF's are paper certificates that are 100 X leveraged to the actual physical backing. If you don't want to store it yourself you can look at these two funds.
The Central Fund of Canada - 100% backed by physical.
Sprott Asset Management - 100% backed by physical
The mining stocks are at all time lows right now. The Banks are suppressing there stocks. Likely to put them out of business so they can buy them up for pennies on the dollar. Again, just like with precious metals the Banks and various hedge funds manipulate the markets thru the paper markets. Look up high frequency trading for instance.
Buy physical. Go long and forget about it.
PM me if you wish. I know. I got burnt in the past.
BS
The Central Fund of Canada - 100% backed by physical.
Sprott Asset Management - 100% backed by physical
The mining stocks are at all time lows right now. The Banks are suppressing there stocks. Likely to put them out of business so they can buy them up for pennies on the dollar. Again, just like with precious metals the Banks and various hedge funds manipulate the markets thru the paper markets. Look up high frequency trading for instance.
Buy physical. Go long and forget about it.
PM me if you wish. I know. I got burnt in the past.
BS
No, both gold and silver are far from the bottom. All commodity will remain weak for the next decade. expect to lose half your investment if you buy them now.
Lol, so what's hot to buy? I already bought some gold stocks and thinking of buying some physical gold and silver now.
Precious metals investing is such a crap shoot, so hard to value the different products, unlike equities. I don't think anyone can give you an answer as secure as you would like. Look at all the experts who have been killed over the last few months. Eric Sprott recently lost millions for himself and his investors on his silver call. When I thought the noise last October on the Internet screaming "Buy precious metals" was too loud to the point of being deafening, I took the contrarian position and ran from these things.I am considering buying silver and looking for advice. Is now a good time to buy? Does anyone see it going up enough in price to make it worthwhile buying? Looking for whatever info you can offer. Thanks.
There's a LOT of talk about market manipulation right now. Ted Butler, maybe the leading silver analyst, says JP Morgan and Scotiabank are shorting silver, forcing the price down then covering their shorts. If there really is manipulation going on, the small retail investor may be their best patsy.
Best bet (with emphasis on the word bet) might be one of the better precious metal technical analysts. Jeb Handwerger of Goldstocktrades (he covers silver too) seems particularly adept at getting it right; excellent call in 2010.
Hope this helps.
http://www.youtube.com/watch?v=4wgbpGF9kT0
This documentary that aired on the CBC last Thursday will help you to understand that the markets are all manipulated. Gold and Silver are highlighted here. But the truth of the matter is the world's financial system is imploding before our eyes. Just look at the desperation in the Eurozone and what they did to Cypruss. Now I'm getting word in that they are doing the same thing in Ireland. Japan just announced they are going to print 2 trillion dollars to keep the ponzi paper money scheme going. The Federal Reserve is printing 85 billion a month in order to buy the bonds that nobody is purchasing.
Get some physical Gold and Silver in your hands because when this blows you'll have something tangible in your hands. And remember, these pricks have the ability to set the price of any item from 0-1M $$$$$.
BS
BS
This documentary that aired on the CBC last Thursday will help you to understand that the markets are all manipulated. Gold and Silver are highlighted here. But the truth of the matter is the world's financial system is imploding before our eyes. Just look at the desperation in the Eurozone and what they did to Cypruss. Now I'm getting word in that they are doing the same thing in Ireland. Japan just announced they are going to print 2 trillion dollars to keep the ponzi paper money scheme going. The Federal Reserve is printing 85 billion a month in order to buy the bonds that nobody is purchasing.
Get some physical Gold and Silver in your hands because when this blows you'll have something tangible in your hands. And remember, these pricks have the ability to set the price of any item from 0-1M $$$$$.
BS
BS
GC, just curious (no pun intended
) to know, how do you personally value precious metal investment products? Your statement on another thread about gold being worth only 500 - 600/oz, how do you get that number? I wouldn't pretend to know the first thing about how to value these things myself, but stating it's value at about 1/2 of production costs seems extreme. That would put all the gold miners in the world out of business quick, a scenario many governments of the world are unlikely to allow (at least the big producers like China, Australia, USA, Russia, Canada). With cost-push inflation being what it is, the production costs would seem to be an absolute floor.I'm not trying to value gold from fundamental perspect, purely technical. Market never values anything rationally. Gold just like any other commodity has always been volatile. yeah sure, in long run, I agree it tends to go up with inflation - in long run i mean in units of 20 years. Within this time frame, anything can happen to push gold to extreme high (like war and terror), or extreme low (like in the 90's when gorden brown decided to sell of the UK reserve, and the rest of the world was more interested in tech boom than gold).GC, just curious (no pun intended
If you have patience for lifetime, then buy gold and hold till you die and pass on to your grand children. If you want to make money in 5 - 10 years from an investment, it might not be a sure thing.
I don't know why they trade Gold with Future Contracts. It's not a commodity in my book. It's money. A pork belly, wheat, corn oil, gas etc.... is a commodity. But Gold... it's money. And I suspect that what's going to happen is that the criminals running the COMEX and LBMA are going to run out of physical and have to settle with paper contracts. Not sure who the analyst was but he said Gold will go to $5,000.00/oz and nobody is going to have any physical.
If you can afford it. Buy the physical now and hold onto it because this is going to blow one day.
BS
If you can afford it. Buy the physical now and hold onto it because this is going to blow one day.
BS
CBC has a very good documentary about gold and how the price is being manipulated.
http://www.cbc.ca/doczone/episode/the-secret-world-of-gold.html
Possibility of fraud in futures exchange is indeed a scary one. If that happens it will definitely push gold even higher. not to mention lots of people will lose their money, or paper gold. Keeping physical gold is not easy though. storing at home is an invitation to robbery, and you may lose your life defending it.
More thoughts on the subject:
- Gold will only replace paper as money in post apocalyptic world. For as long as government stands, paper money will always keep more stable value than any precious metal.
- in this article http://www.wealthdaily.com/articles/five-gold-investment-alternatives/2811, Gold's real industrial application only accounts for 11% of demand, the rest are jewellery and investment. Making it highly volatile and easily manipulated.
- Holding physical gold means you expect end of financial / banking sector, as well as government, and perhaps even all out nuclear wars leading to apocalypse. In that case, may I suggest guns, bullets, antibiotics and canned food being more important than gold? - especially guns and bullets since you will need them to defend your gold.
- Gold will only replace paper as money in post apocalyptic world. For as long as government stands, paper money will always keep more stable value than any precious metal.
- in this article http://www.wealthdaily.com/articles/five-gold-investment-alternatives/2811, Gold's real industrial application only accounts for 11% of demand, the rest are jewellery and investment. Making it highly volatile and easily manipulated.
- Holding physical gold means you expect end of financial / banking sector, as well as government, and perhaps even all out nuclear wars leading to apocalypse. In that case, may I suggest guns, bullets, antibiotics and canned food being more important than gold? - especially guns and bullets since you will need them to defend your gold.
Depends on how you look at things, how stable is Greece and Spain government? Who is next? U.S?
- Holding physical gold means you expect end of financial / banking sector said:
US printing money because it can afford to. It's not like they are printing without control. Spain and Greece have weak economy. US still has a pretty strong economy, and most technologically advanced one too. Chinese and Indians will happily absorb the excess US dollars, which they will need to purchase US high tech. products they cannot yet make.
If you are worried US government somehow gone berserk printing so much money to dilute its value, then stocks are a much better way to hedge against inflation than gold, and offer possibility of spectacular growth at same time. For as long as a company is producing stuff they people need, such as airplanes, computer software, machines, medicine, they will valued accordingly regardless of currency fluctuation. In a sense, stocks of a good company is safer than currency in case super-inflation.
Gold has historically being used to hedge against currency inflation, but there is just too much artificial valuation built in. It can easily lose a lot of value if government decides to bring it down. Gold price is just too high right now, higher than platinum (historically platinum is at least 2 or 3x gold price), which is a lot more rare and useful than gold. This alone show gold being overvalued.
I don't agree with most of what your saying here.
The Fed is printing 85 billion dollars per month and are monetizing the debt. There are no buyers for the debt. They've left other than a few that are being arm twisted into buying this crap.
The US had a productive economy. It's been shipped to third world countries. We have exchanged our productive industrial economy for a consumer debt laced services economy. There are now almost 50 million people on food stamps in the US. Take away the food stamps and you'll have anarchy on the streets.The only reason that the economy appears to be recovering ( it's not ) is that the Fed is printing money and handing it to the Banks who are doing what they do best. Pumping a Bond, stock, and mortgage bubble...again.
As far as stocks are concerned things are starting to look a tad frothy. I might be parking some of my profits at this point. But if the Fed keeps on printing - which they will until they can't - stocks will continue to move higher. But in relation to what ? The inflation numbers are faked. Everybody should know that by now.
Gold is money. Period. It's not an investment. It's money.
Believe me. With the last orchestrated smackdown in the Gold price ( which has recovered over $100.00 in a little over a week ) by the Central Banks. The Chinese, Russians, Indians are buying hand over fist.
Here's a link you can check out.
http://truthingold.blogspot.ca/2013/04/the-global-fractional-paper-bullion_6103.html
BS
Us still has a productive economy so that's how they support the 50 mil bums, which I do not agree they should by the way.
how do you explain gold is higher than platinum? Wouldn't platinum a better investment than gold given the historical disparity?
how do you explain gold is higher than platinum? Wouldn't platinum a better investment than gold given the historical disparity?
This link helps to explain what The Presidents Working Group On Financial Markets is.
http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets
I personally feel that Platinum is a commodity that has been allowed to trade freely. Gold and Silver are money historically. Platinum is not. It's an industrial metal. The Presidents Working Group On Financial Markets was created to protect the US dollar as the World Reserve Currency. Gold and Silver are the kryptonite to the dollar. The Fed and Central Banks have to stop the rise of these metals because if they don't, it signifies a collapse of confidence in the dollar. This has been a slow drawn out process. Ever since Nixon took the World off the Gold standard.
As far as the 50 million bums getting paid food stamps. The Fed prints the money. The Banks, specifically JP Morgan issues the food stamps. JP Morgan makes commissions on each and every transaction. Without the Fed printing money and monetizing the debt. The system collapses and the food stamps go away. You can imagine what 50 million starving people would look like to the powers that be. Thus the desire to take away Americans guns.
We live in dangerous times my friend. Buy some Gold and Silver. Physical only. No ETF's, no safety deposit boxes ( that's Bank property ), and no futures contracts. Buy the physical and hide it. I believe TPTB will whack the metals again. We're getting close to the end game. The spreads on physical to posted COMEX paper metal are growing. A day will come where the disparity between paper and physical will be so huge that they won't be able to hide it. When that happens the prices will rise. And supply will tighten. People that believe the electronic blips at the ATM is money. And those that believe the paper certificates are assets. Are going to be wiped out. Not pretty but it's not a pretty world right now.
BS
Gold and canadian dollar continues its descend. USD rising. so much for Fed printing money... lol
