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Thread: Warning Fools! Silver Will Fall by 66%

  1. #361
    Member Zippyjuan's Avatar
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    So it would seem. Might as well have it in silver stocks.
    I am Zippy and I approve of this message. But you don't have to.



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  3. #362
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    Thanks for the info Zip , I always thought I would get around to looking at that , but had not.

  4. #363

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    Not sure the benefit of putting silver into a IRA. I don't plan on reporting any gains to the IRS in the first place if we are talking about a ROTH and I would rather the IRS not know about the existence of my PM stash if we are talking about a traditional.

  5. #364
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    Quote Originally Posted by XTreat View Post
    Not sure the benefit of putting silver into a IRA. I don't plan on reporting any gains to the IRS in the first place if we are talking about a ROTH and I would rather the IRS not know about the existence of my PM stash if we are talking about a traditional.
    Makes sense to me.

  6. #365
    Master Skeptic Brian4Liberty's Avatar
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    Silver closed over $29 today. Last week was probably a (relative) bottom. We shall see...

    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
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  7. #366

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    Quote Originally Posted by XTreat View Post
    Not sure the benefit of putting silver into a IRA. I don't plan on reporting any gains to the IRS in the first place if we are talking about a ROTH and I would rather the IRS not know about the existence of my PM stash if we are talking about a traditional.
    This. ^^^

    I'm not really sure why anyone would want to put gold or silver in an IRA...

  8. #367
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    Quote Originally Posted by matt0611 View Post
    This. ^^^

    I'm not really sure why anyone would want to put gold or silver in an IRA...
    I would not , defeats the purpose of having it.

  9. #368
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    Quote Originally Posted by Brian4Liberty View Post
    Silver closed over $29 today. Last week was probably a (relative) bottom. We shall see...
    I figured last summer @ $26 was the bottom , forever ....

  10. #369
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    Quote Originally Posted by oyarde View Post
    I figured last summer @ $26 was the bottom , forever ....
    Seems to be a lot of talk about hitting that $26 again this summer. We'll see.

    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul


  11. #370
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    Quote Originally Posted by Brian4Liberty View Post
    Seems to be a lot of talk about hitting that $26 again this summer. We'll see.
    Then I would buy some more,most of mine , probably 1/2 below $10 , other half, below $27 , so , I am happy.Bought a little bit of gold a few days ago.Some copper today.

  12. #371
    Master Skeptic Brian4Liberty's Avatar
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    $29.40 now. There are some buyers today.

    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul


  13. #372

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    First day of the new bull market in metals.
    Tell others I told so.
    If you tell a lie long enough, loud enough and often enough, the people will believe it.-------Adolf Hitler

  14. #373

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    Quote Originally Posted by fatjohn View Post
    First day of the new bull market in metals.
    Tell others I told so.
    So far you're wrong. I hope the other holds true however.

  15. #374

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    I remember once when I was young noting that the price of silver was very low during the depression and wondered why everyone didn't buy it. Someone mentioned because no one had any money.

    But going back to the Great Depression in the 1930's, silver prices were 25 cents per ounce, and the U.S. mint paid that to the miners, yet turned that silver into coinage worth $1.40 per ounce, as there is 0.72 of an ounce of silver in $1 face value of 10 dimes or 4 quarters minted 1964 or earlier.

    http://silverstockreport.com/2009/rapture.html

    The miners didn't. ?????



    Anyway we saw the housing bubble burst. Most recently I thinking I saw inflation get to the point that the money we were working for no longer covered the cost of our business operations. I saw layoffs and hours cut. The morning commute to a sever cut in traffic.

    I think that cutback caused a lot of loan defaults. I think that in turn caused our currency to regain some of its value. Silver prices fell. I'm assuming other commodities and stocks did as well.

    It then became worth it for some to increase hours. Others to hire. Traffic has picked up in the morning. I thinking another round of inflation will yank the slates right out from under us.

    http://www.silverseek.com/quotes/5silver.php

    I think the big pullback in this one was the housing market.

    http://www.google.com/finance?q=INDEXDJX:.DJI


    Anyway it seems a dilemma for me. On the one hand I should be charting all commodities and stocks and following them as they twist and turn with each other like the way DNA twist and turns. Buying the lows selling the highs.

    On the other hand it looks like the little recent gains we've made are going to get stopped in their tracks.

    I think only restoring sound money can stop the inflation. Its gone past the point of regaining some control through government spending. Even if we did have their hearts and minds to do so their are still those outside of the country with access to the fake money presses.

    Are we the new miners?
    Last edited by Carson; 03-10-2013 at 07:21 PM.

  16. #375

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    Quote Originally Posted by GunnyFreedom View Post
    They would if I could have gotten to it. It went over a 10 foot embankment at 2AM. I went back at first light and couldn't find it. Not that I could have done much, I've never cleaned a deer in my life. I'd be all...

    I've had help in the past with such things. The advice that really set me free and allowed me to get in up to my elbows came from a friend as he was in there doing my work for me. He said what he does is cut out all the parts he doesn't want to eat.


    P.S. 100 countries?

    P.S.P.S. Let me know if any of the women are asking about me.
    Last edited by Carson; 03-10-2013 at 07:29 PM.

  17. #376

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    I think we're due for a rise in silver and gold. Maybe 1,800 and 35.
    My 2016 prediction: Hillary Clinton will NOT run for president.

    Rand Paul 2016

  18. #377

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    OP was almost correct two years after this post was created

    Silver has fallen about 60% since the $50 high....not quite 66%


    Quote Originally Posted by bobbyw24 View Post
    The silver bubble took on a new dimension this month, with the price of the metal rising nearly 30%. Last Monday, share volume in the iShares Silver Trust ETF (NYSE: SLV ) was five times its daily average in the first quarter. While many investors may cite capital preservation as a reason to buy silver, an analysis of the historical data suggests that those who pay nearly $50 an ounce will eventually suffer massive losses.

    Gold's real return: aero
    Like gold, silver has lived up to its billing as a store of value -- if you measure your holding period on a geological timescale. Using data from precious-metal dealer Kitco, I constructed a series of inflation-adjusted silver prices going back to 1800, according to which the metal generated a historical average return of 0.4% per annum. (Much of that small premium over inflation is due to price appreciation over the past 10 months. If we use the price of silver in mid-2010, the average annual return falls to 0.1%).

    There is no reason for investors to expect anything more from silver: Why would a metal -- a commodity with no yield -- accrete value? But silver's price volatility disqualifies it even as a stable store of value. For proof, just take a look at 10-year trailing real returns since 1810 (based on average annual prices):

    The silver bubble took on a new dimension this month, with the price of the metal rising nearly 30%. Last Monday, share volume in the iShares Silver Trust ETF (NYSE: SLV ) was five times its daily average in the first quarter. While many investors may cite capital preservation as a reason to buy silver, an analysis of the historical data suggests that those who pay nearly $50 an ounce will eventually suffer massive losses.

    Gold's real return: aero
    Like gold, silver has lived up to its billing as a store of value -- if you measure your holding period on a geological timescale. Using data from precious-metal dealer Kitco, I constructed a series of inflation-adjusted silver prices going back to 1800, according to which the metal generated a historical average return of 0.4% per annum. (Much of that small premium over inflation is due to price appreciation over the past 10 months. If we use the price of silver in mid-2010, the average annual return falls to 0.1%).

    There is no reason for investors to expect anything more from silver: Why would a metal -- a commodity with no yield -- accrete value? But silver's price volatility disqualifies it even as a stable store of value. For proof, just take a look at 10-year trailing real returns since 1810 (based on average annual prices):

    The silver bubble took on a new dimension this month, with the price of the metal rising nearly 30%. Last Monday, share volume in the iShares Silver Trust ETF (NYSE: SLV ) was five times its daily average in the first quarter. While many investors may cite capital preservation as a reason to buy silver, an analysis of the historical data suggests that those who pay nearly $50 an ounce will eventually suffer massive losses.

    Gold's real return: aero
    Like gold, silver has lived up to its billing as a store of value -- if you measure your holding period on a geological timescale. Using data from precious-metal dealer Kitco, I constructed a series of inflation-adjusted silver prices going back to 1800, according to which the metal generated a historical average return of 0.4% per annum. (Much of that small premium over inflation is due to price appreciation over the past 10 months. If we use the price of silver in mid-2010, the average annual return falls to 0.1%).

    There is no reason for investors to expect anything more from silver: Why would a metal -- a commodity with no yield -- accrete value? But silver's price volatility disqualifies it even as a stable store of value. For proof, just take a look at 10-year trailing real returns since 1810 (based on average annual prices):

    http://www.fool.com/investing/genera...all-by-66.aspx

  19. #378

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    So 2 or 3 more dollars to go....
    My 2016 prediction: Hillary Clinton will NOT run for president.

    Rand Paul 2016

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