BUY/INVEST IN SILVER INSTEAD OF BUYING THAT NEXT KNIFE...

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Comment by Trent Rock on June 10, 2010 at 18:29

@ Bob
There is fundamental analysis and technical analysis
I think technical analysis is quackery and useless :)
Just my opinion
Ever read the the fine print at the bottom of your mutual fund statement?==>
"Past Performance is No Guarantee of Future Results"
http://en.wikipedia.org/wiki/Technical_analysis
http://en.wikipedia.org/wiki/Fundamental_analysis
http://beginnersinvest.about.com/od/investstrategiesstyles/a/aa0819...

I think, recently, precious metals is driven by the fear of Economic Armageddon
People think the dollar will be useless in the near future
I guess they plan on trading their Krugerrands for bread,baby food and gas or something like that?
The proper term is currency debasement..............

Glen Beck is on Fox News
Turn him on sometime
I guarantee he is talking about the coming hyper inflation, socialism, or the collapse of the American dollar
He has a lot of believers (and Neilsen Ratings)

The large Wall Street investment banks and hedge funds, have at their disposal, the mainstream media to spread stories in an effort to drive prices. Right now, the story being told and sold, is of a collapsing Euro and dollar. And according to “financial experts“, paid shills for Wall Street, the safest way to protect yourself is to buy gold.

http://www.iplanretirement.com/retirementblog/gold-bubble-warning/

I personally think there is a "gold bubble" and it is going to burst
I could be wrong
I have been wrong in the past ;)

Comment by Bob Andrews on June 9, 2010 at 16:26

This goes to Trent Rock's comment.Six Month's?Silver is up $2.88 in the last year and about $17.50 over 10 years. Gold is up over $900.00 in the last 10 years. Thats per ounce,not grams. Like any true investment,you have to be in it for the long haul.
I don't even know who Glenn Beck is?
And to Don Reeves,State Quarters will always be worth 25 cents,rare coins will always be rare.

Comment by Trent Rock on May 31, 2010 at 19:13

Silver is $18.52 a gram right now. Check in 6 months and see where it is at......Trent says....$17.05 :)
What goes up must come down.
No mention of inflation or perceived threat of inflation in the vid? That is crucial to precious metal investing...IMHO
You guys have been watching to much Glen Beck!! ;)...................

Comment by Jay Todd on May 31, 2010 at 11:42

Interesting thoughts

Comment by Bob Andrews on May 29, 2010 at 16:25

AND the US Mint has to buy the Silver they use on the open market as the Government's stockpile of silver was depleted a couple years ago. In 1999 Silver was $3.50 an ounce,in 2008 it topped $20 an ounce for a short spell. Also the Gold to Silver Ratio is way out of whack,with Silver being grossly undervalued compared to Gold. Food for Thought.
Bob Andrews
http://oldhundredcollectibles.com

Comment by Scott King on May 29, 2010 at 8:01

Thanks for the idea, there J T. I'm saving my pennies to buy some real estate once values hit bottom- here in the next year or two.