Silver Black Swan If Rampant Speculation Is Not Reigned In

TMO ^ | 4-23-2011 | Dian L Chu

[blam]

"Why would this be a black swan? A “black swan”, in Taleb’s nomenclature, is an exceedingly rare event that almost no one expects or plans for."

I wondered the same.

I think 'Black Swan' is being over used these days just as 'Paradigm Shift' was a few years ago.

[blam]

"Will you be going to the grocery store with a Krugerrand or Maple Leaf worth $12,000. to buy bread and ask for change each time?"

Nah, just take a roll of nickels like me.

Why You Need to Own Nickels, Right Now

[jpsb]

I got mine at $17-18, wish I could have bought 1,000 oz. I just bought enoung to be able to eat for 6 months if the stuff hits the fan.

[Johnny B.]

Gold and silver ‘is not’ ‘will not’ and ‘will never be’ in a “bubble” because they are the true money of the world...

I guess you don't remember the 1980s.

[Texas Eagle]

Where did you go to buy your silver?

[BipolarBob]

I used Monex. They seemed the cheapest but they're a little bit of a hassle. #1 it takes about 4 weeks to get your stuff. That's right 4 weeks. Apparently the "float" of your money is part of the price. You do get it though. They will push you to buy on margins. That's where there biggest profit is. Don't do it . By leveraging money you supposedly can control higher rates of profits. There are a multitude of people out there who have lost a lot of money doing this. Just buy your gold/silver and go on.

[BipolarBob]

Feel free to ping me with any questions. The Silver Eagles I bought are gorgeous. I should have bought more.

[little jeremiah]

www.coloradogold.com was recommended by many people to me. Family outfit, reliable as a clock, you talk to the owners, they say what they mean and mean what they say. 100 oz minimum, but now for SE the minimum is 500 oz. I think they sell half bags of junk silver, otherwise a bag is $1000 face value. I can’t afford any now at these prices, bought a little when it was much cheaper, wish I’d bought more.

[little jeremiah]

We chipped in with some friends to make it easier to buy.

[jpsb]

APMEX get your stuff fast.

[Atlas Sneezed]

I guess you don’t remember the 1980s.

---

Indeed. Silver and gold spiked FOR A REASON. And they declined FOR A REASON.

Can you tell us whether you think any of those reasons apply now?

[phockthis]

I remember the 80’s...

That was the birth of paper silver, which is what the bankster’s have been using to manipulate the price of silver ever since...

[seraphim]

Or “rained” :)

Silver will start @ $47.81/oz spot Monday morning 4/25/2011. Current speculation models suggest a sell @ $68 sometime this summer. Wouldn’t be surprised if it goes above $68. Don’t buy gold, silver still smokin’.

Teehee, wonder what the Hunt brother’s are up to these day’s.

Have fun!

[Red in Blue PA]

The author might be short silver and is hoping silver will go down so his clock does not get cleaned.

Indeed! If memory serves, silver lagged behind gold for some time and is only now playing catch up.