Skip to comments.Silver 1.20 higher than Friday close
Posted on 04/24/2011 6:01:53 PM PDT by JimWayne
Silver at 47.81. Click on link for chart.
(Excerpt) Read more at kitco.com ...
I just purchased 80 Silver Eagles this morning at over a dollar less per ounce, so I suppose I’ve already profited, but seeing how the dollar is losing value on a daily basis as well, I don’t even know if it was a good investment over the long term at this point.
Never bet against America.
You may not yet see how or when, but something will change things and America will step forward strongly. Shaking the world.
Don’t be on the wrong side, then that happens.
Don’t bet against America. Don’t do it.
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Bought AGQ double leveraged ETF in March. Up over 50 percent.
You might not want to be against America, but you should definitely bet against our leadership and the Fed. Hyperinflation is coming and it ain’t gonna be pretty.
Cool! I found some silver ore on my property last week.
Precious metals are the bellwether to watch. As these commodities keep getting higher and higher, faster and faster, the economic end to our fat, dumb, and happy way of life in the USA gets closer and closer. Better get those wheelbarrows ready to carry your billions of dollars for a loaf of bread. If you haven’t already done so get your hands on some junk silver (pre 1964 American coins). With silver at $47.00 an ounce a single pre 1964 dime is worth $3.60. These will make for an easy tradable currency WTSHTF.
What is a bet against America? Coins from the US Mint?
The dow/gold ratio is going down to a little less then 1, and nothing at this point can stop it, so its wise to try and take advantage of it.
Betting against? Not quite. Hedging my bets? Absolutely!
The federal government is not to be trusted. When the greenback is inflated to oblivion, what use will it be other than tinder or TP?
Once trillions of dollars in savings are more or less worthless, what will happen to the average American who doesn't actually care for politics or follow politics closely?
One interesting answer I've had to that question that I posed to an Obama lover is “that's when I start shooting”.
Push a man to the point where he has nothing to lose and all bets are off.
I have found this website to be a very useful source of information on the economy, gold, and silver.
To be fair, I know what he means. We have significant US dollar holdings in the form of Treasuries, bonds, TIPS, I-bonds, etc. I believe it is important to “give back” to such a great country and certainly don’t want to lose wealth.
However... given so much nonsense at the state, local, and federal level it only makes sense to maintain a diverse portfolio. We’ll keep our metals and our Ts. Have been “prepping” for long time, pre Y2K so it is very wierd to see all this stuff go mainstream. It all started as an instinctual feeling that not only was the US going down the wrong path in so many ways (by design, even) it was first hand observation that other countries would not play these games. I made it a habit, everytime I would boil over
at some egregious assault on my intelligence, to go buy a roll or two of silver, some gold, a bar, etc. Has proved to very profitable, and very good sleep insurance.
I no longer care. I just prepare.
They don't back it up with physical silver. How safe is it? Wouldn't it be better to go with PSLV or just buy physical silver?
I am really intrigued by this “never bet against America” sentiment. Part of me feels this way: that betting against America is one of the surest ways to lose money.
But on the other hand, this just feels different. We seem to have boxed ourselves into a corner that we cannot get out of. We cannot roll over our debt forever (without abusing our reserve currency status into oblivion), we cannot make meaningful cuts in our federal spending, and there just doesn’t seem to be enough potential growth to make up the difference. Right now, we are simply trading the world’s trust in the dollar, for a little bit of time.
Where do you see this “step forward” coming from? From growth? From budgetary discipline? Do you really see this as the same country that has always emerged victorious, or has something changed? I am not arguing, in that I think that this country is blessed. But I just cannot see how this trap is avoided.
“We seem to have boxed ourselves into a corner that we cannot get out of. “
America is confused right now. That is temporary.
Same here. Was just appreciating your timely humorous quip. BTW, I still have a substantial amount of my savings in CDs. Where would you recommend I move it to? I already have some gold and silver. I feel leaving my CDs in place might be a bad call.
Very true! ...... Many years ago (50’s, 40’s, and earlier).
Not so true now. We have never been in such debt. We have never been so diluted with people who could care a wit about this country. We have never been so morally bankrupt as we are now.
“historically, asset-based currencies hold up WAY better than fiat currencies.”
I agree with you. You’ll never get any Democrat or 99% of Republican politicians to believe that though.