I can get you 0.3% in the US if you have more than a couple sheckles. Your argument doesn't hold any weight here.

Yeah $33... braking the bank'


Someone who obviously didn't read the GLD prospectus.

If you put it in my hand I could tell the difference immediately.

All of your points were misguided or wrong, anything else?

so what website or place do i go to look for silver if i were to invest in physical silver? how do i know it is real? and is it normal to be paying 1.19 premium per ounce?

i'm a noob but my roommate has been preaching silver in my ear. i'm getting intrigued

I'm also looking for the best place to buy silver (online or w,e), I've looked through a few websites but want someone else's opinion

Agreed...he outed himself as being entirely new to metals...

$40+

Apmex.com (for big orders just call and get wholesale prices)
Tulving.com
Bulliondirect.com (last resort imo, but a good company)

and he is long gold (GLD) btw

What would qualify as a big order?

On the flip side, what scenarios would cause silver/gold to go down?

I'm curious what you found because I was under the impression that GLD was one of the few commodity ETFs that actually backed the shares with the physical (hence the close correlation/price to gold) where as something like USO and UNG are straight scams because you have to deal with rolling of the contracts and what not

This his honestly probably the better question then why it would go up.

I am looking to start accumulating silver for the long term. One option I am looking at is a service offered by silversaver.com. It was started by Dave Morgan who is well known and respected in the industry.

You can set it up to take as little as $100 a month directly from your bank acct and purchase silver with it. You will be paying 7.8% over spot for said metal. Does that seem like a fair premium?

Does anyone know of similar services or methods to set up a hassle free way of consistent buying?

7.8% over spot is an absolute scam

x2. guaranteed scame.

I was afraid that was too high. Too bad, the service is exactly what I am looking for.

I'm not 100% positive and it may take some research but depending on what bank you use they may be able to get silver pretty close to spot

I use:

http://www.bullionvault.com/

Maybe this is something similar?

Can see the spreads on sillver near the bottom of:

http://www.bullionvault.com/gold_market.do

Hope that helps

john

This looks perfect! TYVM!

Even the most hardened commodity guys wouldn't think that silvers going to make +7.8% per year over the long run.

imo forget silversaver -- buy physical metal directly, and dont let someone else store it for you. Forget all the pyramid schemes that are popping up that want you to overpay for a monthly shipment of silver and then 'sign up 10 friends to do the same' etc. Forget ETF's and bankster paper silver schemes. Best way is to find a local dealer, pay cash and give no personal info.

If you must buy online, buy from a reputable dealer. I like Apmex, although you might find a slightly cheaper price on some products at various other places, but you could also get ripped off or wait a long time for your product elsewhere.

if you are buying on ebay, make sure you know about all the rebates that are available, you would be stupid to buy silver on ebay without taking advantage of them, my guide in spoiler link shows how it works, but feel free to investigate it yourself and not use my links, I won't get butthurt.




to those saying silver is a bubble -- how is it that everyone can now instantly spot a bubble? nobody saw the tulip bubble, or the dot com bubble, or the housing bubble but now everyone is an expert on bubbles. I postulate that the real bubble is in the US dollar, the world's reserve currency. Ben Bernanke's policies are pissing the world off, and the dollar's status as reserve currency is coming to an end.

Protip: average lifespan of fiat currency is 40 years. Age of the USD fiat dollar as of 2011 - 40 years (Nixon closed the gold window in 1970). No fiat currency has lasted even 100 years.

http://kingworldnews.com/kingworldne..._73_Cents.html

very interesting... another one....

http://seekingalpha.com/article/2527...dation-matters

Well I was correct in getting flamed

I'll answer some questions, but then I'm out of this thread for a while, and will return after the bubble has popped.

1.) What would I rather own, silver or paper currency? How about a third option, and choose neither. If you knew anything about me, you'd know I'm a real estate guy (who does own some passively managed index funds, like VTI). I prefer to own income producing assets as opposed to cash or silver or any other commodity/currency.

2.) Why can't I predict the price of the metal? I already explained this, but I'll say it again. It's a bubble and people are acting irrationally, I can't predict the price movement of an irrational item. Some people who predicted the real estate bubble, admitted they couldn't predict the top (Peter Schiff) I'll go on record with silver and say the same thing. I'm not shorting it because I don't know how high/low it will go. And it could easily double and wipe me out. But it's still just a shiny metal, and holding it for the next 40-50 years is silly. Again, I'd rather invest in income producing assets; as opposed to gambling/speculating, which is what silver is right now.

3.) I was FLAMED when I said real estate was a bubble, and I refused to invest for capital gains, and I just continued basing the price I'd pay on the rent I could get. So I expect to get flamed in this thread again.



Enjoy holding your shiny metal, I'll continue to hold my income producing assets and in 40 years we'll see who did better.

Newbie question sorry (despite having about 1/3rd of my net wealth in gold+silver i probably should know more about this...)

I was reading a book not too long ago, saying how the Chinese had in part caused all these problems, by lending the US all this money for them to build up such huge debts.

If the US is to inflate their way out of the debt, why would the Chinese let this happen?

Wouldn't think come to some agreement to write off a lot of this debt (after all, they must realise they'll only be paid back in increasingly worthless dollars) and come to some agreement with the US to prevent the risk of hyperinflation?

Sorry if this is possibly the most basic question asked, but just curious.

How would the chinese force such an agreement, john? The agreement for the bonds was X amount over X years.

You're having trouble conceptualising the terms/length of said debt payments. Its not like Bill down the street owes you $10 and he has to pay back at some point. Obligations come in at different times, auctions are constantly being held, and inflation can be backended for a future time period. If you throw in the complication of someone being able to inflate debts you can't ignore term structure and the auction mechanisming process.

Rika...

so you convert all your paychecks into real estate?

what do you do with this "income" your assets produce?