Gold And Silver Go From Bearish To More Bearish

Theyre are really a lot of these articles out last few days...because russia dumped tbills...and japan sales of gold are up 500%....But in my opinion its all a con...holding the manipulation in place through each emergency does nothing but tighten the spring....if the dollar was to be preserved they would have held the price down but allowed it rise slowly in a controlled sustainable way....to mimic natural buying.

I dont own any gold and only a little silver...because im poor....but Ive been watching...the price fall....when there is an emergency...for 10 yrs.

They are having an emergency right now.

Re your #19... Wow; I didn’t know there was another one of me out there!

I can curse a company just by investing in it. It’s a gift... I guess.

Had I bought gold back when it was $338 (my financial counselor said “NAAAAH; you don’t want GOLD!!!” - of course he was not selling gold at the time) they would have discovered a mountain full of it or it would be found to be environmentally hazardous (like mercury, which used to be a semi precious metal) and I’d have to pay a waste abatement crew to come and haul it away.

I invested in an Israeli oil company just so I could lose my money and get it over with; so far my $1000 has grown into about $362, and although they have yet to go completely belly up they have been asking for a lot of prayer lately.
Oh well; I consider Israel to be a worthy cause, in the interest of global charity if nothing else.

I get my silver (gold is too rich for my blood) from http://www.apmex.com/category/503/silver

I just pounced on some when they offered free shipping and spot dropped below $20, at which point I don’t figure I can go too far wrong a little bit at a time. Since then it’s dropped even more and now has gone back up to $19.85.

It used to be not so much an “investment” as it was a hedge against inflation even if it never appreciated much...
Now I consider it to be a hedge against total collapse.

I like the Canadian Maple Leafs; they are .9999 pure and can be cut in a spiral, straightened out into an electrode, and used to generate colloidal silver, an old but still fairly effective antimicrobial / disinfectant solution.

Whether you buy on line or at a coin shop, there is a premium. Minted currency is a good idea, but I mix some “rounds”, bullion and “Industrial” silver (which usually comes as out dated mixed rounds, some of which are kind of interesting) in as the premiums are generally less.

If you have an “underground” source or buy at flea markets and such, all the better; not too many counterfeiters bother with silver, although you have to watch out for Chinese gold plated tungsten slugs being passed off as gold. Informal transactions are less apt to be noticed by “IVAN” who could come around with my APMEX purchase records and demand on pain of enhanced interrogation that I hand it over.

As to storage, some people use a safe but that’s the fist place the barbarians will look for it, and there is no safe made they can’t cut into or torture you into opening for them. If you bury it it might turn black but won’t deteriorate appreciably.

I diversify; I hide some, stash some, and have simply lost some of it and don’t know what the blazes I did with it. I like to carry a real dollar around in my pocket and they fall out into recliner chairs or car seats, or into the pile of debris in my closet when I hang my trous up at night. Hopefully in time of need a few will turn up here and there.

Some commemorative coins and bars make good gifts, and I’ve given out several of them.

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