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Who's buying silver these days?

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1 Who's buying silver these days? on Fri Feb 10, 2012 5:26 am

casualchris


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So just as the title says, whos bullish on silver currently? It may not be much compared to some people but I'm buying all I can right now. Comex, JP Morgan, shortages? 50:1 Gold?

Thoughts?

2 Re: Who's buying silver these days? on Fri Feb 10, 2012 8:48 am

Guest

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Parking your money?

3 Re: Who's buying silver these days? on Fri Feb 10, 2012 10:36 am

Deank

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meh... no money... but, not sure if we have maybe met the upper limit of silver and gold?


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4 Re: Who's buying silver these days? on Fri Feb 10, 2012 11:08 am

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Neither pays a dividend so all you do is park your money. Personally, I don't think that is a good strategy for growth.

5 Re: Who's buying silver these days? on Fri Feb 10, 2012 11:09 am

Deank

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well..... GOLD did pay a good dividend.. But Its too expensive now.. so more will be buying silver as a substitute....and probably driving silver price much higher, so it could take off.


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6 Re: Who's buying silver these days? on Fri Feb 10, 2012 11:12 am

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No. It turned a profit when you sold it. That's not a dividend. One can do the same at the casino.

7 Re: Who's buying silver these days? on Fri Feb 10, 2012 12:29 pm

casualchris


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Well I'll take a profit anyday and to compare it to the roulette wheel down at mcphilthys is ridiculous.

The silver I bought a five years ago has done way better the spins of roulette I've tried, and better than the RRSP's bank said I must buy to have any hope at retirement.

But really though, anybody read or buy into the arguements:

-Comex has oversold the paper eft's
-Silver being depleted due to industrial uses/silver shortages/extinct silver
-Natural/Historical 15:1 ratio
-JP Morgan price manipulation
-1000 dollar silver (dont swallow your tongue now)

I thought silver was undervalued back at 20, and still here at 35 I'm pretty sure its under valued. I'm buying as far up as I can and if it goes below 20 again (which it wont) I'll be selling my a$$ to buy silver.



Last edited by casualchris on Fri Feb 10, 2012 1:01 pm; edited 1 time in total

8 Re: Who's buying silver these days? on Fri Feb 10, 2012 12:36 pm

casualchris


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JTF wrote:That's not a dividend. One can do the same at the casino.

And things that pay dividends can also turn to dust. One can do the same by throwing money in the fireplace.

9 Re: Who's buying silver these days? on Fri Feb 10, 2012 1:03 pm

sputnik

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casualchris wrote:
JTF wrote:That's not a dividend. One can do the same at the casino.

And things that pay dividends can also turn to dust. One can do the same by throwing money in the fireplace.

To a certain extent.

Investing in gold or silver is like investing in comic books. The hope is that people will always demand and desire it at an increasing rate as time passes.

Investing in something that pays a dividend is like buying farm land. You buy the land and make money based on the yearly crop and you (for a large part) ignore the value of the land.

The land could one day be worthless, but it is unlikely. Most dividend paying organizations have a great deal of their wealth in cash, property or other income generating physical things.

Gold (and all other commodities) are just shiny objects that often have little use other than just being shiny and looking pretty.

10 Re: Who's buying silver these days? on Fri Feb 10, 2012 1:05 pm

sputnik

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casualchris wrote:I thought silver was undervalued back at 20, and still here at 35 I'm pretty sure its under valued. I'm buying as far up as I can and if it goes below 20 again (which it wont) I'll be selling my a$$ to buy silver.

So what fundamentals do you use to determine the future value of silver?

11 Re: Who's buying silver these days? on Fri Feb 10, 2012 1:08 pm

casualchris


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???

Over half the silver mined every year go to industrial uses.

"Investing in gold or silver is like investing in comic books. The hope
is that people will always demand and desire it at an increasing rate as
time passes."

That applies to google, nortel, whatever stocks as well.

I'm all for buying land, not so much for buying gold.

12 Re: Who's buying silver these days? on Fri Feb 10, 2012 1:19 pm

Deank

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JTF wrote:No. It turned a profit when you sold it. That's not a dividend. One can do the same at the casino.

meh.

dont need to play the semantics game on this one.


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13 Re: Who's buying silver these days? on Tue Feb 14, 2012 10:50 am

sputnik

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casualchris wrote:"Investing in gold or silver is like investing in comic books. The hope
is that people will always demand and desire it at an increasing rate as
time passes."

That applies to google, nortel, whatever stocks as well.

Hardly. Businesses can grow and buy out smaller companies and gain dominance in the industry.

Google is just a search engine whose stocks increase in value for no reason.

The more stores Wal-Mart opens the more money they make and the more money shareholders make.

Silver investors just sit waiting for new uses for the metal and for it to become more scarce. What happens if they find easier ways to find and extract the metal? The price could fall in the same way that natural gas fell when hydraulic fracturing started.

14 Re: Who's buying silver these days? on Tue Feb 14, 2012 10:58 am

casualchris


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I love how you skipped over Nortel.

15 Re: Who's buying silver these days? on Tue Feb 14, 2012 11:01 am

casualchris


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Lets revisit this in three years. Spot is 33.75 and to take physical is another 4-5.5 depending unless you're buying 1000oz bars or futures.

You think it will be the same in three years? I'm stupid to 'park' my money?

16 Re: Who's buying silver these days? on Tue Feb 14, 2012 11:01 am

AGEsAces

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Where do you get that Google is just a search engine?

It WAS a search engine, but then it created a marketing process which optimized profits based upon their own search engine algorithms.

Now they are a large conglomerate of various things, including browsers, operating systems, etc.

http://www.photage.ca

17 Re: Who's buying silver these days? on Tue Feb 14, 2012 11:03 am

grumpy old man

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This topic is far too complex to simplify/dumb it down.

Silver is not just a commodity purchase. One also can purchase silver mining companies.

Google is a strong, viable business that has a perceived value that grows. Additionally they have revenues and profits ($1 billion last year I believe).


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18 Re: Who's buying silver these days? on Tue Feb 14, 2012 11:13 am

casualchris


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Aside from its industrial uses and the shortages in physical as an investment, and JP morgans huge short position.

Aside from all that, yes silver is a way OUT of the paper markets. Either the world is going to default on this debt economy or we're going to print an insane amount of money to cover the debt, either way silver is poised for a skyrocket IMO.

If a person had absolutely no position in silver, I would suggest going to buy even a few (not limited to a literal few, but if thats all you can afford) silver rounds in physical possession, not paper silver or even allocated storage.

19 Re: Who's buying silver these days? on Tue Feb 14, 2012 12:26 pm

AGEsAces

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http://investor.google.com/financial/tables.html

http://www.photage.ca

20 Re: Who's buying silver these days? on Tue Feb 14, 2012 12:27 pm

Deank

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note... right now you can buy a $20 silver coin from the mint for $20.

http://www.mint.ca/store/coin/20-pure-silver-commemorative-coin-polar-bear-2012-prod1230021

it has 8 dollars worth of silver in it.


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21 Re: Who's buying silver these days? on Tue Feb 14, 2012 1:01 pm

casualchris


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Yeah that's a collectors coin, I'm more about buying silver at the spot price with as little premium as possiable. You can buy rounds at scotiabank for 5.50 over spot/oz or at gatewest last purchase was 4.03 over spot but noticed they're buying slightly over spot for Canadian maples too, some say this is the early separation of paper and physical occurring. I suppose if you have the kahuanas to be acquiring 1000 oz bars you can do so with no premium. Myself I want more fractional currency also can be obtained at no premium or less than spot sometimes



Last edited by casualchris on Tue Feb 14, 2012 1:13 pm; edited 1 time in total

22 Re: Who's buying silver these days? on Tue Feb 14, 2012 1:06 pm

casualchris


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http://www.gatewestcoin.com/markets-iphone.html

Local prices for physical

23 Re: Who's buying silver these days? on Tue Feb 14, 2012 1:11 pm

sputnik

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casualchris wrote:I love how you skipped over Nortel.

I love how you added Nortel.

Commodities and equities go up and down all of the time. Some fail completely. I am sure that asbestos futures are WAY down from the 1950s. Natural gas isn't doing so hot these days either. What about silvers run to nearly $50/oz only to fall shortly thereafter to under $30/oz?

The reason I like stocks over commodities is that equities are income generating holds. It is the difference in holding land (commodity) and actually running a farm on the land (equity).

Sure you can sit and wait for the demand for land to increase and then sell it. However I would rather own the land and take money yearly as I produce a crop on it.

Does my farm have a risk of failing? Sure it does.

Could the land become worthless one day? Perhaps.

However I would rather collect an income across a well diversified portfolio of "farms" in the meantime and lessen the potential losses should either happen to one or two in the future.

24 Re: Who's buying silver these days? on Tue Feb 14, 2012 1:15 pm

sputnik

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AGEsAces wrote:Where do you get that Google is just a search engine?

Apparently I suffer from temporary dyslexia.

I meant to word it with a more sarcastic tone. Like this...

"Is Google just a search engine whose stocks increase in value for no reason?"

25 Re: Who's buying silver these days? on Tue Feb 14, 2012 1:17 pm

casualchris


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I'm all for buying land and ironically I grew up on a farm until I was eight years old. Land and silver are both buys but houses and currency are both overvalued imo

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