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Title: Hey - Precious Metals - What's Happening?
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Published: Jul 5, 2015
Author: Chuck_Wagon
Post Date: 2015-07-05 13:22:18 by Chuck_Wagon
Keywords: gold, silver, money
Views: 14265
Comments: 57
Hello there, folks. I am starting this thread for those who are interested in The silver price has apparently been suppressed - for a while. The purpose of this thread is to keep track of these things.
'hard money' - call it 'paleo-investing' it you will.
Many so-called pundits and prognosticators predict that it MAY
soon move upwards.
Participate if you will...
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#16. To: Chuck_Wagon (#0)
Is that dip in '08 due to McCain losing the election? More confidence in the dollar, after mcsatan lost, followed by panic silver buying after a year or so of Obongo. If it looks like a Bush or Clinton might get elected in '16 the value of precious metals could skyrocket, due to a sentiment of impending doom, and fear of, The End Of The World As We Know It (TEOTWAWKI). Silver looks like a good buy to me.
Why?
Because it's real, it's stable, and from the look of the chart is likely to go up even if no major economic collapse happens soon. Fiat paper currency has no intrinsic value, it's all based on CONfidence. Silver is a commodity which will always have value.
Yes, silver is real. However, silver is not stable by any means. Stable means not likely to change or fail; firmly established. Silver has been doing nothing but changing or failing to the down side and losing value. Furthermore, silver in no way can be considered firmly established. You looking at the 5-year Silver London Fix Chart and saying silver is likely to go up is to which something is as probable as misterwhite’s Magic 8 Ball and just look at his results. Of course if you are an expert in Technical Analysis then you may to some degree forecast the future price of silver based on an examination of past price movements. But that will be one huge “may” since the success rate is very small when using Technical Analysis as an investment guide thus proving that Technical Analysis Is stupid. As an interesting side note, take time to read this article that was projecting silver price to increase 400 percent in three years. Note the date on the article is November 2012. With four months remaining, what do you think is the probability of the forecast in the article being correct? That is correct, fiat money has no intrinsic value, but it is still used solely as a means of payment. Fiat money does risk becoming worthless due to hyperinflation. Silver has value relative to what….fiat money? All this is no reason not to buy silver. It only points to a question that cannot be answered. That is, when and at what price? Just looking at a chart will not furnish that answer.
For most of us in the west these days we use plastic and electronic bits and bytes as means of payment.
For most of us in the west these days we use plastic and electronic bits and bytes as means of payment. And those payment transactions by pieces of plastic and electronic bits and bytes are registered and transferred as fiat money....therefore, using fiat money as a means of payment.
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#32. To: hondo68, Chuck_Wagon (#16)
Silver looks like a good buy to me.
#36. To: Gatlin, funny money (#32)
Why?
#40. To: hondo68 (#36)
(Edited)
Silver looks like a good buy to me.
Why?
Because it's real, it's stable, and from the look of the chart is likely to go up even if no major economic collapse happens soon.Fiat paper currency has no intrinsic value, it's all based on CONfidence. Silver is a commodity which will always have value.
#45. To: Gatlin (#40)
hat is correct, fiat money has no intrinsic value, but it is still used solely as a means of payment.
#46. To: sneakypete (#45)
hat is correct, fiat money has no intrinsic value, but it is still used solely as a means of payment.
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