Go Silver Go!

Looks like some predictions here on ATS were true. It's the highest I've seen it without looking back on its history.

I got in earlier this year so I'm happy and doing a dance.

Took this pic at 37.00 CDN and 37.30 US

Here's hoping the higher predictions ring true!


[atsimg]http://files.abovetopsecret.com/images/member/5a6ba00ad323.png[/atsimg]

drats, sold 5 oz yesturday at 35 per oz, shoulda waited a little longer

reply to post by jude11


I'd be careful though, I'm still of the opinion that the silver rush is a manipulation to get people out of gold.

Just my opinion of course.

Peace

I bought about 100 oz a few months back and am happy with my investment so far.

Originally posted by mayabong
I bought about 100 oz a few months back and am happy with my investment so far.

same here. im trying to get more but its hard to buy supplys,food, water, for currance crash, and buy silver at the same time. I wish I knew all this was going to happen a year ago, i would not have spent my money on buying stupid things!

There's really no way to explain why it's going up at such an accelerated rate. People say there's a silver shortage...I don't believe that. There's something just not right about it more than doubling in such a short period of time.

Peace

im in allso with physical silver ~150oz paid 28$/oz.
Looking good and strong still. Not selling yet, thats for sure!

ummm
hold silver and gold and oil
then
food water and shelter

I have about three kilos of asorted silver coins put by. i thought it would be more spendable if TSHTF.
Though i do have a ber or two stashed as well.....
Whats the cieling for silver by summer any bets?
46 ? 56? who can say?

reply to post by Dr Love


You know there is silver shortage when you go and buy silver rounds theres non available! just check for your self!

Silver has a long way to go, the only thing that will stop its (and golds) exponential growth is a global systemic collapse.

Interestingly, after such a systemic collapse then pricing precious metals in dollars or any other fiat currency will be meaningless.

After the collapse the precious metals graphs will again be flat for some time, just like they used to be before the Federal Reserve broke away from the gold standard.

So in my opinion, if you buy silver then you should keep it until after TSHTF.

This superbly produced animation explains the FED:

Where can you buy silver locally? Does the bank offer silver?

Originally posted by Kelmi
reply to post by Dr Love

 

You know there is silver shortage when you go and buy silver rounds theres non available! just check for your self!

There's no problem buying as far as I've noticed.

Peace

reply to post by Dr Love


I think there is somewhat of a shortage, most people i know have been buying and hoarding silver. Its also in 'backwardation" which is a new word I learned the other day. Which means its cheaper if you get it in the future than right away. (for those of you who dont know that term)

Originally posted by Kelmi
reply to post by Dr Love

 

You know there is silver shortage when you go and buy silver rounds theres non available! just check for your self!

Yeah, I spread mine out with rounds, liberties and bars. Rounds are getting scarce but can still get them.

Originally posted by mayabong
reply to post by Dr Love

 

I think there is somewhat of a shortage, most people i know have been buying and hoarding silver. Its also in 'backwardation" which is a new word I learned the other day. Which means its cheaper if you get it in the future than right away. (for those of you who dont know that term)

Learned that word awhile ago. Still can't wrap my head around it.

I'm not trying to talk anybody out of it that's for sure, I'm just worried about a big dump of silver onto the market. And where as that didn't work so well with gold, people just kept eating it up, I think people might be a little more iffy with silver.

When it dumps, it's gonna dump hard. Again...just my opinion.

Peace

Originally posted by RRstl1000
Where can you buy silver locally? Does the bank offer silver?

DO NOT buy at a bank!

Here's an example of what I went thru.

Scotia Bank:

Asked my loan officer about buying and he looked it up on the bank site. $30.

I was seeing (at that time) $25 on silver sites. hmmm?

Didn't trust online yet so I thought I'd get 100 oz from the bank. He then told me about a $500 insurance and deliver cost as it had to come from Toronto on the trucks.

Ok, 100oz @ $30 = $3,000

add the delivery and $3,500

So, I went back to my computer, found a company in Alberta at $25...the same day!

$30.00 delivery charge thru the post. It's insured anyway!

so 100oz cost me $2530 instead of $3,500!

Banks...Bah!

Anyway, got my silver @ $25 and I'm happy today.

reply to post by Dr Love


I understand where your coming from. What goes up must come down I'm gonna hold mine till the bitter end though.

Originally posted by Dr Love
I'm not trying to talk anybody out of it that's for sure, I'm just worried about a big dump of silver onto the market. And where as that didn't work so well with gold, people just kept eating it up, I think people might be a little more iffy with silver.

When it dumps, it's gonna dump hard. Again...just my opinion.

Peace

edit on 23-3-2011 by Dr Love because: (no reason given)

You could be right IMHO. It could all be a ruse to sell out the market.

While I wouldn't recommend anyone spending their life savings on it, it's always been a good solid investment to diversify between Gold and Silver. But at amounts that don't break your bank.

I have heard of people online spending upwards of $100,000 at one drop and then a week later, almost suicidal when the price dropped even a bit and they were down $10,000.

Gotta have nerves and restraint.