Silver is on a tear

Discussion in 'General Chit Chat' started by tknopp, Mar 23, 2011.

  1. EdJonesJeeper

    EdJonesJeeper The Stig's NC cousin

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    Apr 24, 2010
    Location:
    Pisgah Forest, NC
    So does everyone agree Silver price is High?

    Then you would be a fool not to take some gains off the top.


    I can not give recommendations on the web but if you want to know where to go... please contact me.:beer:
     
  2. EdJonesJeeper

    EdJonesJeeper The Stig's NC cousin

    Joined:
    Apr 24, 2010
    Location:
    Pisgah Forest, NC
    Please tell me some of you guys took my advice. Slv down 8% again today at 35.42$

    Yahoo Finance has a good report on it today.
     
  3. Tacoma747

    Tacoma747 Well-Known Member

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    Winston-Salem
    Lol
     
  4. Ron

    Ron Dum Spiro Spero Moderator

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    Apr 16, 2005
    Location:
    Sharon, SC
    silver -27% this week
    gold -24% this week

    still there were gains to be made if you timed it right.
    Just like Vegas...if you can guess black red you can be rich
     
  5. EdJonesJeeper

    EdJonesJeeper The Stig's NC cousin

    Joined:
    Apr 24, 2010
    Location:
    Pisgah Forest, NC


    That is why gold and silver are NOT safe havens and cannot be considered safe like US treasuries.

    Put it this way, annuity/insurance companies will not let you put your "safe" money in precious metals. You get two options. US gov. bonds or CASH.


    It took untill 2011 for Silver to reach its high from 1980. Over 31 years if you bought during the last Silver spike. That in NO WAY is competing with inflation. Please listen to me guys I'm only trying to look out for my peeps.
     
  6. tknopp

    tknopp Well-Known Member

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  7. EdJonesJeeper

    EdJonesJeeper The Stig's NC cousin

    Joined:
    Apr 24, 2010
    Location:
    Pisgah Forest, NC
    That tells me nothing. Who's the source on that article? I can tell you the price of manure will match the dow and write up a quick graph and would you beleive that? International investments are the 21st century bull market.


    Why take the risk with a barely unconsummed asset?

    Did all of a sudden we build cars that ran off silver? Has the tech market starting making chips full of only gold and silver and being sold at a high rate in mass quantities? No

    The PRO"S are jumping ship. It's not just me saying it's a bad idea. The big money is leaving the party for all the suckers to take the fall.

    Your boy Soro's sold all his position in gold last week too. What does that tell you.


    There are much better options out there guys that don't take near the risk. Risk=reward. Is it worth losing 70% to get back 27%+


    Again, no more that 5% of your total liquid assets should be in precious metals.


    Oil had a good drop last week BUY THAT instead in stock form with a dividend!!!! It's consumed at a mass rate, therefore will always be a market for it.

    I would not touch gold/silver with my clients money now if I had bill gates money,
     
  8. EdJonesJeeper

    EdJonesJeeper The Stig's NC cousin

    Joined:
    Apr 24, 2010
    Location:
    Pisgah Forest, NC
  9. shawn

    shawn running dog lackey of the oppressor class Administrator

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    Mar 13, 2005
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    Raleigh, NC
    Who the fawk buys silver, anyway?

    DDD and TSLA... that's where it's at.
     
  10. EdJonesJeeper

    EdJonesJeeper The Stig's NC cousin

    Joined:
    Apr 24, 2010
    Location:
    Pisgah Forest, NC

    So if you would have taken my advise in April 10, 2011, you'd be up 40% not down -52%




    Those greenbacks are not as worthless as you think.


    Go to yahoo finance and run the chart.

    And another $2 trillion is coming into the economy from large corporations like Apple and GE. This run isn't over yet.
     
  11. ManglerYJ

    ManglerYJ Well-Known Member

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    Location:
    Lexington, NC

    Be greedy when others are fearful...
     
    EdJonesJeeper likes this.

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