Silver at 29 ,Bitcoin at 30. this is no-brainer.. - page 7.

creativex

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Quote from: adamstgBit on February 28, 2013, 06:38:12 PM

silver gets inflated too you know... The shit is everywhere, you just need to dig.

*provoking the silver bulls Tongue

*

...of course it does. It gets inflated by counterfeit paper silver, but the number of people aware of this repulsive scam is much much larger than it was in 2010, so when banksters crash the price now by selling a year's worth of mining in 10mins it generally results in buyers moving in. It's unlikely to tank much, but you can get an idea of how far it can be driven down just by monitoring JPM silver contracts.

sublime5447

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Quote from: adamstgBit on February 28, 2013, 06:30:12 PM

Quote from: rpietila on February 27, 2013, 01:43:13 PM

Quote from: cypherdoc on February 27, 2013, 11:56:42 AM

i think you've got it all wrong.

Please elaborate. Always willing to listen other professionals

yes please tell us your point of view.

I'm looking start stacking silver if it goes under 20$

actually i have no idea what to do with my the profits i made with the bitcoins.... buy silver? i dont really like the idea but sub 20$ silver might be a good opportunity.... maybe i should put down a lump sum on my house? buy apply stocks? go to the bank and ask THEM what i should do Huh

Adam dont be a fool buy LTC with half then wait for BTC fall from absurdity and put 40% back in then buy silver with the rest. Silver is the past digital currency is the future.

adamstgBit

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Trusted Bitcoiner

Quote from: creativex on February 28, 2013, 06:33:55 PM

Quote from: adamstgBit on February 28, 2013, 06:30:12 PM

Quote from: rpietila on February 27, 2013, 01:43:13 PM

Quote from: cypherdoc on February 27, 2013, 11:56:42 AM

i think you've got it all wrong.

Please elaborate. Always willing to listen other professionals

yes please tell us your point of view.

I'm looking start stacking silver if it goes under 20$

...then you're unlikely to ever stack any silver as it hasn't been below $20 an ounce since fall of 2010 and there's been massive dilution of the fiat supply since that time.

silver gets inflated too you know... The shit is everywhere, you just need to dig.
*provoking the silver bulls *
ok maybe trolling isn't very productive...

anyway I'm looking for a good investments to diversify into... silver looks good? but idk other options would be cool, all you hear everywhere is Gold & Silver,Gold & Silver ,Gold & Silver buy buy buy... like their is no other options...

creativex

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Activity: 434

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Quote from: adamstgBit on February 28, 2013, 06:30:12 PM

Quote from: rpietila on February 27, 2013, 01:43:13 PM

Quote from: cypherdoc on February 27, 2013, 11:56:42 AM

i think you've got it all wrong.

Please elaborate. Always willing to listen other professionals

yes please tell us your point of view.

I'm looking start stacking silver if it goes under 20$

...then you're unlikely to ever stack any silver as it hasn't been below $20 an ounce since fall of 2010 and there's been massive dilution of the fiat supply since that time. I passively stack at all times and actively stack below $28, I suggest you do likewise.

adamstgBit

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Trusted Bitcoiner

Quote from: rpietila on February 27, 2013, 01:43:13 PM

Quote from: cypherdoc on February 27, 2013, 11:56:42 AM

i think you've got it all wrong.

Please elaborate. Always willing to listen other professionals

yes please tell us your point of view.

I'm looking start stacking silver if it goes under 20$

actually i have no idea what to do with my the profits i made with the bitcoins.... buy silver? i dont really like the idea but sub 20$ silver might be a good opportunity.... maybe i should put down a lump sum on my house? buy apply stocks? go to the bank and ask THEM what i should do Huh

creativex

sr. member

Activity: 434

Merit: 250

Quote from: vssa on February 28, 2013, 02:52:49 AM

Does silverdoctors.com read this forum!? Grin

:http://www.silverdoctors.com/silver-and-gold-a-hedge-against-inflation-bitcoins-a-hedge-against-silver-manipulation/

The comments to that article are interesting, and echo many of my initial concerns about BTC. Thanks for posting.

vssa

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Does silverdoctors.com read this forum!? Grin

:http://www.silverdoctors.com/silver-and-gold-a-hedge-against-inflation-bitcoins-a-hedge-against-silver-manipulation/

rpietila

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Quote from: cypherdoc on February 27, 2013, 11:56:42 AM

i think you've got it all wrong.

Please elaborate. Always willing to listen other professionals

creativex

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Activity: 434

Merit: 250

We know the supply of physical silver is also limited. What we cannot know is how much paper silver will be ~~manufactured~~ counterfeited. Advantage BTC.

debianlinux

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It is too late to panic on Silver. If you didn't get yours already then you missed that boat. Best to panic early on BTC. We KNOW the supply is limited in BTC.

cypherdoc

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i think you've got it all wrong.

rpietila

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The liquidity in silver will dry up very easily, if the crisis hits. Already in 1999 the physical was almost out and 2008 it was in a serious shortage. The key to understanding this is to know that exchanges around the world deal only with about 200 Moz of actual silver, and the coinshops come second. 99% of the world's silver is not in any liquid form and will be unavailable to investors should something happen.

If it is a reasonable thing to secure your share of the world's bitcoins, so is it with silver. I am delighted to see that bitcoin folks generally favor silver second only to bitcoin, and silver (&gold) people are flocking to bitcoins. This is a great synergy

goldlyre

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May be a couple of years later you would say again: Now the palladium is only 700 while the bitcoin is 850. It sure is a no brainer.

vssa

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Quote from: piramida on February 25, 2013, 10:20:41 AM

Quote from: vssa on February 25, 2013, 04:44:21 AM

Put your manic price predictions aside and think clearly for a second you can buy something which was money for thousands of years
or something that will be a form of money 5 years from now which is currently in its early stage of innovation

You are right, this is a no-brainer, of course I'd buy something that will be a form of money 5 years from now! The same way I would now invest in amazon instead of a brick-and-mortar store; in internet and not telephone; basically when you invest in something that has a bright future and is in early cycles of development you get much higher returns than investing in a dying 1000-year old idea or technology. So yes, a no-brainer.

http://www.youtube.com/watch?feature=player_embedded&v=JJHv1leTJp8

silverfuture

legendary

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central banking = outdated protocol

Quote from: ?? on ??

Silver is great, I own some myself, but damn is it heavy! A million dollars in silver weighs over 1 ton!

it's heavy metal. https://www.youtube.com/watch?v=ZpkXhJPooXs

piramida

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Borsche

Quote from: vssa on February 25, 2013, 04:44:21 AM

Put your manic price predictions aside and think clearly for a second you can buy something which was money for thousands of years
or something that will be a form of money 5 years from now which is currently in its early stage of innovation

You are right, this is a no-brainer, of course I'd buy something that will be a form of money 5 years from now! The same way I would now invest in amazon instead of a brick-and-mortar store; in internet and not telephone; basically when you invest in something that has a bright future and is in early cycles of development you get much higher returns than investing in a dying 1000-year old idea or technology. So yes, a no-brainer.

rpietila

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Quote from: vssa on February 25, 2013, 05:50:55 AM

Lets just say that current public and corporate holdings are at 2% max in silver and the supply and demand at 29 with the help of the central banks.
My guess is 20 billion oz above ground at most.

Yes. There has been about 45 B oz silver produced since the dawn of mankind. About half of it is consumed or lost.

There remains less than 1 B oz "identifiable bullion inventories". This figure is down.
There is about 2 B oz in investment products and circulated coins.
There has to be about 5 B oz in jewelry and silverware since it is being produced at a constant rate.
An additional 10-15 B oz of silver exists but hard to say where and in what form.

The last silver spike in 1980 did not see a glut of unidentified silver coming to market. The identified stashes of circulated coins and silverware were quite depleted.

Silver has been in a positive demand since about 2006, meaning that investors are buying more than selling.

The total above ground silver grows only very slowly, about 0.5% a year, less than anything, even the population grows more.

vssa

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Quote from: goldlyre on February 25, 2013, 05:33:58 AM

but silver on the other hand might disappear from the market in 2 years
==========
Do you have any proof for this claim?

Lets just say that current public and corporate holdings are at 2% max in silver and the supply and demand at 29 with the help of the central banks.
My guess is 20 billion oz above ground at most.

rpietila

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Quote from: goldlyre on February 25, 2013, 05:33:58 AM

but silver on the other hand might disappear from the market in 2 years
==========
Do you have any proof for this claim?

I don't know if the OP has any proof, but I can tell of my experiences as a silver dealer.

Before we start, please explain how much you already understand about money, metals, markets etc. so that I will not waste your time talking about too basics.

rpietila

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Quote from: rpietila on February 25, 2013, 05:30:27 AM

I am the operator of Silverbank, warehousing $160 000 F/V of our customers metals (90% circulated only). I cannot currently find any bags for sale from our supplier network, they are rather offering to buy them at 1.5% OVER spot, which is extraordinary and has not happened since the great crisis of 2008...

So please post a link if you see this normally-the-most-abundant form of silver for sale in wholesale quantity!

http://www.providentmetals.com/bullion/silver/us-slv/90-slv-1.html

Found one myself. At least this one looks like they have the product in stock. The premium with cash discount, excluding shipping and handling fees, etc, is 11.5%.

That's quite a lot more than what we want to pay. Our pricing currently is based on 2% over spot. In the last 10 years there has been opportunities to buy at spot-1%. These have always marked the highs in PM prices. The lows, on the other hand, coincide with high premiums.

A well-kept secret is that during Fall 2008, official graphs tell you that silver price tanked real bad. In fact, physical silver was the only asset that appreciated during the liquidity squeeze.

Topic: Silver at 29 ,Bitcoin at 30. this is no-brainer.. - page 7. (Read 10715 times)