There is a difference between gold and bitcoins. Gold can't evaporate and it can't be created out of a thin air. It can't become worthless like U.S. dollars because it's not a paper with ink on it and it's pretty hard to destroy (in all senses). It's been worth "something" for ages for a reason. It stores value and it has always been. People always wanted it and it has survived ages because of it attributes. Last but no least it gives pretty hard times to government who wants to control everything but gold is a freedom. Freedom Americans lost with Executive Order 6102. It happened for a reason. If gold was just a metal which doesn't have any value gvnmt wouldn't steal it from people.

Are we at the point where we see these moves consistently? Whats this correction going to look like (if there is one)?
I think most of us long in PM want a small correction, are there any sellers when these gains are the norm....

$48.44 and rising fast now. I don't think we'll see any major pullback at $50, peasants in China buying silver at the encouragement of their government don't know anything about a couple of redneck brothers from 31 years ago

Bob Chapman has been throwing this out lately - the average investor age is 59, there isn't anybody still holding silver who bought it at $49 in 1980, they are all dead by now and their punk grandkids probably sold the inherited collection at $4

As a small new investor, i would like to ask for some advice. Should i purchase small silver bars (1 grams).999 fine covered in 24k gold? Are these a good investment or is this a lame option? Thanks for any feedback

no dont do that. buy silver dimes if you want small pieces.

Silver Bid: 49.15 Ask: 49.20 Change: 3.08


Whaaaaa

With gold being very high, this seems like a good investment but like i said, im a precious medals fish. Should i just stick to buying 1oz .999 fine bars instead? I

That was a wild swing

^^^^ cant go wrong with that, search the tread you can get some good info and tips where to buy

Nobody in their right mind would sell physical silver the way things are looking.

This is going MUCH, MUCH higher folks. You'll need it to fill your gas tanks at $8/gallon.

Hope & Change baby!

I wonder if the kid that was going short IN SIZE at 38/40 open shove busto'd his ftp and stars acct before black friday. He seemed to have some sick reads on the future.

Can we please have a bit of a healthy pullback now, this is getting stupid.

http://www.youtube.com/watch?v=k91sG2a9S1M

that is why silver is going to $100 an oz.


:-(

ZH nuts are losing their mind and swearing this 5% jump is the dawn of hyperinflation. News headline declares the jump is a result of a weakening dollar. While true, this can't be the entire explanation for these recent moves. If it is, silver is a highly levered dollar play (oil & gold both up less than 1% afaik). This could be caused by 1) forces I don't understand, 2) high leverage play, and/or 3) tulipmania. Any of those would be reason enough for me to take some off the table and replace with gold, which I'll be doing.

silver goes above 60oz by july 25.

If that hunk of metal will readily buy me all those things then I'll take the hunk of metal. That way I can have all the stuff you list if I want or something else entirely if I want. How does he feel about a giant cube of paper bills of similar value?

He acts like the concept of stores of value is something new and/or nonsensical when it's pretty much the complete opposite of both.

Seems like that was a rather strong blow off top. It will be interesting to see if those highs of $49.82 in May futures hold for awhile or not. Bounced off the lows, but a $4 drop from last night's highs is pretty scary.

The misinformation in this world is lol unreal.

Thank you for healthy pullback, or cme that hiked rates or whatever the reason. Thx nudge in the right direction.

This next leg up is gonna be fun.

wild morning.

Any thoughts on discrepancies between spot silver as an investment vehicle and physical silver?

I thought bitcode was just some opensource software that was programmed to have similar properties of gold, with the one key distinction seemingly that software is man-made and susceptible to many things that gold isn't. I guess I could be wrong on how bitcoin is designed but I assumed if changes need to be made to the code by the owner it can be, whereas gold is created through earths crusts and the mining aspect is done by humans, as opposed to bitcoin where the created portion is through programming and the mining is done by humans. Seems to be a small but key difference.

Would this be a good time to buy, if I've been putting it off since it was at $6/oz?

^^hahaha failure =)

lol you're telling me. I also nearly pulled the trigger when it was at 12, then 20, then 30.

Now I just feel like an idiot. Once I finally buy it will probably plummet, and I won't be able to look at myself in the mirror anymore

Any reg who reads this thread is not an idiot. Can i ask you why you didnt buy at 12, and then certainly at 20??? Seriously what prevented you from taking action? IMHO even at the low to mid 40's im buying simply for the fact that the dollar is slipping. Im nowhere near as knowledgable as most of these posters but im definately glad i ran into this thread. Have learned alot and have had several PMs from some really cool people willing to help share info. Thanks guys