hey you 2 knock it off. Go stroke each other else where

You are right, emet asked for a reason. Sorry but when some snarky comment about a very complex issue relating to silver contracts, you say..."urban legend."
I am a young fogie, I also write out sentences.

Insults??? This is me being nice.

Well when someone says there is more gold in the world than silver, I take it as "there is more gold in the world than silver" and not as "there is more gold inside of the earth than silver." Obv.

What about my "arguments" is incorrect?

Ugh. Do you live in the world or inside of the earth? Lol.

Yes, they use 44,000+ short contracts to hedge 1,700 longs... lol.

This sounds insane, knowing JPM's derivatives book is right around $80 trillion.


No, I am not saying that.

How were they net long over these ten years? Shanghai, London? Unreported contracts? Please let me know, you'd be the first in the world (not inside the earth) to do so.

Rugged, unshakable perspective pologuy, thx for your input regarding silver.

Very bullish (understatement) Sprott actually feels and is quite vocal about silver being the investment of the decade going forward.

I'm personally not a fan. I see the price ratio to gold correcting by gold plummeting more than by silver increasing in value.[/QUOTE]
Well you are wrong and time will show the error in logic.

I too know the person Freakin is talking about, and I too have heard him talking about silver for years now. He isn't a fanatical idiot, and neither are Peter Schiff, Jim Rogers, Mike Maloney, Max Keiser, silverfuturist and the many others on youtube, etc. who have all also been speaking the truth about the monetary system and the virtues of owning physical silver.

I don't advocate any form of paper silver for long term investment. You should be owning the real, physical metal. In in the 2008 crash, the metals were dragged down along with the equities as people flooded to cash. Well, if you owned paper SLV, there were days when your silver was worth less than $9, while if you owned a 1 oz American eagle coin, they were fetching $35 on ebay.

maybe you can splash around in the paper markets if you have a large roll to play with, but not until you have built a core position in physical, imo. The paper silver markets trade in the 100 to 1 ratio to the actual physical metal. something like 44 of the 45 billion ounces of silver that have ever been mined have been used up - buried in landfills, or irradiated for thousands of years in nuclear reactors, etc. There are only about 1 billion ounces left. I'd get some now

bunch more info on physical silver here -

Having been heavily bullish on gold and silver over the past 2 years as previous posts in business, finance and investing, i remain firmly in favour of higher prices for both.

The extent to which both have been "priced in" is distorted by the fact that people are not pricing in the cost push inflation that will result from the US debasement of their currency through the printing. This will be an ongoing saga at least in the short- medium term in my view. Gold and silver will increasingly be preferred as stores of value over paper currency.

As of today, silver is outperforming gold as a ratio. Obv this is due to the greater correlation silver has to the equity market strength as an industrial metal.

Silver went up a lot the past two days it closed at 32.66 crazy. Keep buying silver

Watch china. They are eventually going to get what they want and slow the economy and get inflation under control. When their economy does finally slow down, prices will deflate in many of the commodity bubbles. I think silver is up from here, but just saying there will be some volatility. Chinese mom and pops buying silver and gold is a huge part of the reason for the increases in silver and gold price. just one mans opinion

position: long silver

Buying near all-time highs, or 25 year highs, etc., is not the way to make a lot of money. You are likely to lose it. The "Nuts" is when you buy an asset when nobody else wants it. That means you got in at a great price.

You need to buy when everyone else thinks it is a dud......like ten years ago. ten years ago Internet stocks, and stocks in general were the best investments of all-time (so people said). Then it was real estate. Now it is gold and silver.

You will do tremendous damage to your finances and life if you buy any of these assets when they are all the rage.

Mrmusicrecorder - given the recent spike that silver has had, what would you recommend moving forward in terms of silver, gold, and/or specific companies associated with these metals?

I still think it is a good buy under 30$. Buying physical now is pricey, if you were to start investing right now you would pretty much have to wait till silver hits 40$ to make any profit due to the premiums. If you think of silver at a 30 year high right now, yes it is, but that's in today's dollars. If you adjust for inflation you will realize that its not at a high at all. There are ALOT of people who are still clueless about investing in precious metals. I think its a good buy right now. I would bet money on silver hitting $45+ an ounce this year. We will see what happens in the market this week.

Anyone who is interested in getting into silver I recommend buying the physical. you can literally flip your silver on ebay the day you buy it and someone will pay a huge premium. I bought a 20$ silver coin from the canadian mint and if you look on ebay they are selling 40$ plus that a 100% return. To the non believers just wait.

Please go outside and ask 10 people if they are buying silver.

+1

Meh, devil's advocate:

How many people knew wtf uranium was in the uranium bubble?
or in most other bubbles?
how many people know **** about investing?

from what I've seen in the internet, buying silver has become exponentially more "hip" in the past few months. I know people who advocate buying PM's at every forum that I post at

Read investing in gold and silver by micheal maloney then read financial IQ by robert kiyosauki

I know I'm going to be looked down upon, ripped upon, or flamed in this thread for posting my thoughts, but here they are.

Silver is a bubble.

(The mere fact that the BFI community on 2+2 has not come in and ripped these arguments to shreds is cause for concern. I remember in the real estate bubble when people posted things like, "you can buy now and sell for 100% profit the next day on ebay"...but it was, "you can sign the paper work on the condo today, then in 6 months when the condo is finished, you can sell it for a 30% profit"...you saw that all the time in vegas...greater fool investing is NOT sound investing imo)

That's it, my opinion is as simple as that. I don't know where it will top out at, I don't know when, but imo, silver is a bubble. It could be topping now, it could go to $80 an ounce, I don't know. But if there's one thing I've learned from watching the internet bubble, then the real estate bubble, is you can't put logic to where the price will/can be. (that's why I'm not shorting it, I have no idea how high it can go)

It's much like playing poker vs. fishes. Sometimes their actions are horribly illogical, and the only way we know how to play against their "play" is from experience. Example, FR NL400, a 52/3 shoves 80 bbs from UTG. When I first started playing, I thought it was a "misclick," after all, opening 80 bbs from UTG is idiotic. But as most regulars know, this is almost always AA or KK being funny/silly/stupid.

And before anyone tries to discredit me and think I don't know "their" side of the argument, I've read Peter Schiff's books, I've watched stellaconcepts on youtube. I've read "investing in gold and silver" by Micheal Maloney. I've listened to Peter Schiff Radio, and watched Gerald Celente on king world news.

This is a pretty dumb post.

So you say its a bubble but don't then say it could go to $80??

Being right but having the wrong timing is the same damn thing as being wrong. You are saying much in this post.

Let me ask you this. What price do you think it should be at?

Maybe you should re read Mike Maloneys book. Just a thought.

This is a terrible post imo.

Are you advocating investing in dollars instead? Silver and gold are going up simply because currencies are being devalued. It is as simple as that.

I agree with you 100% I have not sold a single ounce since i started buying. I was just trying to show that there is a demand for the metal and that the physical market sells higher than the etfs. If I were to flip some silver on ebay I would use the profit to buy more silver.

For those of you buying silver - are you buying the physical metal or ETFs?

buying silver bars is the worse. the spreads are enormous
plus, silver is pricey

if you want some metal exposure buy GDX + GLD, 5% of portfolio and you will be fine, paying less than 50 basis points per year in expenses.

and people who dont trust the GLD etf shouldnt trust anything. buy guns and ammo and go hide in a bunker...

when buying coins, what is the guarantee that the metal is real? i bet someone is getting rich selling gold covered copper coins

Yes. Silver bullion is still on sale in the $33/oz range. 12 months from now it will be obvious $30 was a great buying opportunity. Many gold and silver mining shares are attractive right now.

Silver allocation order:

1. Buy bullion
2. Buy major producers (SSRI, HL, PAAS)
3. Buy junior explorers, miners and producers (AUNFF, ESPZF, FVITF)
4: Futures and Options speculation

Proof attention paid to any element does not necessarily give proof of a bubble.

I invite anyone on 2+2 or in the world to challenge my ideas (or rip these arguments to shreds).

I'll be around.

How is the above in anyway similar to silver?