Where's a good place to buy silver contracts/futures etc...

Interactive Brokers?

Because it's money. Think of gold not as an investment but a currency. If you hold all your assets in dollar denominated stocks bonds etc. you are taking on quite a bit of currency risk. Seeing as how paper currencies HAVE ALWAYS been inflated to nothing it would be imprudent to not hedge yourself accordingly. Gold is the ultimate currency because it can not be inflated at the whim of a politician or central banker. It's the reason why gold has stood the test of time.

Will this gold bull end, eventually, yes. You will know its ending when you have a currency that is a viable alternative to gold.

There are probably 30 brokers you can choose from research them and pick the one that fits you best.

IB is low cost and has good fills. Their trading platform is awkward and bulky though.

I am having a hard time grasping that though. If I hold gold bullion, where can I go spend it? Don't I have to go exchange it for some form of fiat currency before I can go buy books, groceries, or most other consumer goods?

Depends on your state. There are several states that now allow you to pay debts with gold and silver. Georgia, I believe is one of them. I'm not sure however.

I understand your arguement, but you can't spend euros, yen, or francs in the U.S. either. Just because you can't spend them here doesn't mean you wouldnt hedge your dollar risk with them. If paper money worked we would all be still using continentals, or greenbacks.

Gold is also denominated in dollars.

and euros, francs, yen, signapore dollars, hong kong dollars, and remenbi. What's your point?

Stocks are also denominated in many currencies. So I wonder what your point is?

Let's take RDS: officially denominated in 3 currencies (unofficially probably in more). This is great, right? So what if we delist RDS from the London and Amsterdam exchanges does it become a bad investment because of currency risk?

Hint: no.

I would assume Verneer has a account inside the U.S. and is trading stocks on U.S. stock exchanges. I would also assume any property he owns is in the U.S. and his mortgage is paid in dollars. If he owns a rental property I would assume he is paid in U.S. dollars. If he runs a business he in the U.S. he probably books profits in dollars.

I am assuming gold is an alternative currency.

Per your example, you could say anything is denominated in dollars. The EUR/USD cross is 1.41 in DOLLARS. USD/EUR is 0.70 in EUROS. Your point is asnine and irrelevant.

Long silver via AGQ at 202.53. Stop at 198.

Intermediate term trade. First target would be 220. Then hopefully a retest of its highs.

No, it's not asinine or irrelevant. It's irrelevant in what currency stocks are denominated.

If you put your house up for sale in the US but you have the asking price in euro's or pounds, have you in any way diversified? No. I know you don't get it.

I suggest you talk more with mrmusicrecord. I disagree with him on a lot but at least he understands fundamental stuff like this.

Lol you just said what I said. It's irrelevant.

Youre arguing with the new biggest tard in BFI. He just posted this AM about expecting a pullback in silver then claims to have bought 3 hours later.

Just go back to late June when he left the 1/2 NL theory section, discovered BFI, posted some nonsense about CSCO, and we've been stuck ever since.

Yeah

Honestly, maybe you are right but I'm not even quite sure what you are trying to get at.

If you could elaborate I would appreciate it.

If you hold all your assets in dollar denominated stocks. You are not taking on quite a bit of currency risk. At least not because of the denomination.

Ok, you're right. I shouldn't have phrased it like that.

but u have less purchase power...

[/SPOIL] This is only half right. No, if you assume that the stock/ home price rises at the same rate of inflation as the currency in which it is priced.

Also, I do not think you were referring to bonds but obviously bonds are most definitely subject to currency risk. Negative "real" interest rates happen all the time.

Warning sign gold longs.
Plan to trade the long side with less size / more caution.

Would like to see 1563 gap fill.

No. Inflation doesn't change anything with regards to the denomination. Listing MSFT in euro's doesn't protect MSFT shareholders from dollar hyperinflation.

Covered the GLD short for a $0.40 loss.

Sold another 1/4 of the SLV spread for $1.40.

No, of course not. Microsoft, as a U.S. based company, would still be exposed to the risks of a dollar hyperinflation wether priced in euros or dollars.

Owning gold, silver, or any other hard assest would hedge you against this risk, however. This is what I was arguing. I wasn't arguing that some how MSFT would be worth more because its denominated in euros. Simply that owning only U.S. based companies, dollar denominated bonds, U.S. real estate, cash savings in dollars a person is exposed to "dollar risk".

And for the record, I would give hyperinflation 10-1 odds here. Also, If there was a hyperinflation it is possible that MSFT priced in dollars would trade at a discount relative to MSFT in euros because of Gresham's Law. That's pure speculation, however.

Big open for gold and silver....