Topic: Silver shot up. - page 4. (Read 5953 times)

Yes, that is the broad picutre. What you expose has been there for months and things were more or less stable. Im just saying that there is something in particular going on right now that is driving everybody nuts and in panic but I dont know what it is.

Also, the debt is a big problem but its not only the debt. The distortion of the capital structure is stopping the recovery as well. The most dramatic part is probably the people. You have a lot of people that specialized in the construction sector, in my country people stopped studying because they were getting payed a lot in the construction sector. What are these people going to do now that all that demand for construction labour is never going to come back (at least in some decades)? Are they going to go back to study again that they are over 30 and with family and obligations? Are they condemned to low-level paying jobs? Are there so many low-level paying jobs? The situation is dire.

And the sad thing is that there is no magic solutions and the objectives of the solutions being applied are to mantain the status quo at any price, no matter the consquences for the people.


If history is any reference, when the system is so gone, governments and society in general never take the difficult (but correct) decissions and just keep going until everything collapses.

I'm not panicky at all , just dissappointed that I don't have more physical gold and silver reserves. But, I can only blame myself, because I got Austins G&S brochures a year ago, and just never acted!

I've been shorting the broad index's (via put options) for the last three weeks, and have increased my optionsxpress portfolio almost 300%. And in the meantime, I've gone long on the buy-and-hold stock premise a few dyed-in-the-wool companies that I've been looking at for a few seasons, now that they're on sale.

You gotta love the exponential leveraging power of not just options... but put options in particular, as stocks by and large, seem to FALL much quicker than they RISE.  With the ultimate being the VIX and VXX strangles of late.

What I think is going on is what they never taught us in high-school economics, we had to learn the hardway via personal struggles, defaults, humility, and bankruptcies.  If you SPEND more than you MAKE, and then you eventually can only pay the INTEREST on the debts you've accumulated, outside of your 'need to exist' bills; well, eventually, you'll throw your hands up in resignation that doing 'the right thing', while morally satisfying, is practically pointless.  Hence QE2, and our governments continued attempt at 'rectifiying it's household budget' via a CCCS (Consumer Credit Counselling Service) type of arrangement, which again... is just anothe money-making body - a vicious cycle.

I think currently, the nation, is coming to the conclusion that, well, It's time to bit the bullet, and face the cold hard truth --- As a nation, we're overspent, GROSSLY, and holy cow, we can't sweep this under the rug any longer, because, the World has pulled the rug out from under us.

Rambling, rambling, rambling....

o_O

Really? It's been plastered all over the news, Sovereign debt, poor economic data, and the absolute fact that even countries with low sovereign debt are too invested in the dollar such that should the worst be achieved things would really go to shit, and fast! Add to that the proximity to the 2008 financial crisis, the wipeout of gains since, and house of cards that debt has put us on, and the potential energy of a future decline is frightening.

Even if we do achieve some form of recovery out of this corner, debt has been so over extended since the 80's that it would easily take 10 - 20 years just to get us on a steady footing again.

And I'm not even an Austrian gold bug!

There is also the likely scenario that we add some more duct tape and limp on for another few years on the back of tech advancements and emerging markets....who knows what would come of this outcome.

Something funny is going on. It seems nobody says what is happening, but there is something big going on.

ECB is buying gov bonds in record quantities, and it is suspected this time includes spanish and italian bonds.
The Fed is injecting money in the banking system again.
The major stock markets are collapsing.
Gold and silver are shutting up.

I dont know the exact reason for all this panic, but something is happening.

If you dont want the premiums of physical gold or silver (I live more comfortable knowing I own "the thing", and not some claim on it) and are wise enough to distrust SLV and GLD since they dont have what they promise, you could look into miner stocks. Its more risky though.

Be careful with the COMEX contracts as well. The COMEX change their regulations during this crisis and now it does not guarantee the physical, you can be payed back with SLV and GLD.

It's simple see physical gold & silver as an insurance for cases where you cannot use bitcoin.
The only alternative is a contract of at least 1000oz silver or 500oz gold which can be delivered in physical.

There are retail bars but it's not worth the trouble imo.

What's the most economical way to get into Silver?

I've looked @ SLV, but would prefer the tangible bullion; however, I'm not keen on the markup of coins...

So, do you guys have any ideas as to how to most wisely invest in silver?

Gold Bullion and Stocks (GLD) just seem to 'expensive' to get into.  I know, it's suppose to be based on 'percentage' not 'amount' but... if you only have $1000 to invest, you can by 25 pieces of silver, or .8 pieces of gold... through options I've learned about leverage, and miniscule growth times 25, just seems better than moderate growth times .8

Thanks,
CRYPT

This looks like the beginning of a new rally people... 

USD 43.56

http://silverprice.org/

Nice.