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Thread: People are going crazy for silver...

  1. #21

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    Quote Originally Posted by Miteysquirrel View Post

    Your general premise is wrong. Gold and silver will have GREATER buying power as the dollar declines....its not just breaking even.
    That's because you are comparing apples to hand grenades. The dollar is a fiat currency, designed for the sole purpose of facilitating commerce and meant to devaluate. This is why you are not getting paid today the same amount you were paid 20 years ago. Fortunately you can use those dollars to buy things that are meant to hold value and even grow in value, gold and silver included.

  2. #22

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    I was going to say, greater buying power in what? Whatever you can get after you convert back into dollars. Sure, if silver price shoots way up in dollar price, and you sell some and then buy something.

  3. #23

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    Quote Originally Posted by DBCooper View Post
    That's because you are comparing apples to hand grenades. The dollar is a fiat currency, designed for the sole purpose of facilitating commerce and meant to devaluate. This is why you are not getting paid today the same amount you were paid 20 years ago. Fortunately you can use those dollars to buy things that are meant to hold value and even grow in value, gold and silver included.
    Gold was $600/oz in 2007....a brand new Cadillac was $75,000.

    Gold is now $2,000/oz. ....and you can still buy a brand new Cadillac for $75,000.
    Politicians and diapers must be changed often, and for the same reason. -Mark Twain

    The purpose of life is to matter, to be productive, to have it make some difference that you lived at all. -Leo Rosten

  4. #24

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    Quote Originally Posted by SilverPalm View Post
    The 60 day & 6 month charts both make me think that now might be a good time to let some go, with the intention of buying back in a month or two from now. ...assuming that availability is still good at that time. It may be a good time to sell paper & hold shiny.
    Was today the buyer's dip? Or will we continue to see the correction deepen?
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  5. #25

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    Quote Originally Posted by SilverPalm View Post
    Was today the buyer's dip? Or will we continue to see the correction deepen?
    your guess is good as mine or anyone's?

    monthly stacking for cost averaging.

  6. #26
    Join Date
    Mar 2009
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    Quote Originally Posted by SilverPalm View Post
    Was today the buyer's dip? Or will we continue to see the correction deepen?
    The naked shorts are winning the last 2 days. There was a record number of shorts on the CME for gold and silver.
    ...be your own Health Care System... grow your own and eat well

  7. #27

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    Quote Originally Posted by digbird View Post
    The naked shorts are winning the last 2 days. There was a record number of shorts on the CME for gold and silver.
    That would seem noteworthy.

    Is the time to buy when shorts explode? Does that mark the limit of the fat finger?
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  8. #28
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    Mar 2009
    Posts
    11,757

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    Quote Originally Posted by SilverPalm View Post
    That would seem noteworthy.

    Is the time to buy when shorts explode? Does that mark the limit of the fat finger?
    It didn't drop far enough for me to start buying. The US Debt Ceiling worry is fighting the shorts on the CME right now. A tug of war. Once the debt ceiling passes, or is settled in congress, we may see a little further downside if the short positions don't cover.
    ...be your own Health Care System... grow your own and eat well

  9. #29

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    I keep hearing that gold has had a triple top without a breakout and so the chart people thing it is due for a correction. Miners have just a double top and that might suggest that they will go up. Of course, the old saying is to sell in May and go away. We'll all have to wait and see if the 535 pol's in DC can figure out to default or go deeper in debt. Maybe they'll figure out a way to do both?
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  10. #30

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    Quote Originally Posted by digbird View Post
    The naked shorts are winning the last 2 days. There was a record number of shorts on the CME for gold and silver.
    When the " system" shorts gold upfront of the debt ceiling, ( as they always do upfront a crucial monetary or political negative decision ) it means they stronly want to ward off the possibility of people fleeing to safe heavens, It means we can await the dollar ( fiat ) purchasing value to get a hit.in the near future.

    Stick to yr PM guns, because WHATEVER the outcome of the tug of war will be, it can't be positive for the purchasing power of the dollar ( and other fiats ). .

    Golditiki2+++

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