Long Position on Silver and Gold?

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Originally Posted by davsel

Artificially being held down. If allowed to go up, [panic]

http://www.barnhardt.biz/2014/08/30/...g-all-markets/


BUY!

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But why would they allow it to go up? Would would they stop suppressing it? What do they have to gain? The dollar has everything to lose.

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Originally Posted by HoneyBadger

But why would they allow it to go up? Would would they stop suppressing it? What do they have to gain? The dollar has everything to lose.

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They will be unable to suppress it indefinitely.
Once the dominoes start to fall and bank customer/stock market trader panic sets in, PM value will go through the roof - not that I would ever trade it back for dollars.

Silver spot has dipped below $18 this AM. Keep an eye open!!

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Originally Posted by sellersm

Silver spot has dipped below $18 this AM. Keep an eye open!!

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Just saw this. It's currently 17.98 Wish I had a bunch of money to dump into it...

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Originally Posted by HoneyBadger

Just saw this. It's currently 17.98 Wish I had a bunch of money to dump into it...

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Same here...


Sent from my fat fingers using Tapatalk

I wish I could play too but I have other obligations.

We can't print money like FedRes/FedGov anytime we want something.

I've already blown my wad at nearly every dip since April.

[Bang]

Too many other obligations at the moment, not the least of which is the rest of my 2013 tax payment due in three weeks.

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Originally Posted by davsel

They will be unable to suppress it indefinitely.
Once the dominoes start to fall and bank customer/stock market trader panic sets in, PM value will go through the roof - not that I would ever trade it back for dollars.

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but it will at least retain it's value against other currency- you may not want to get back into $US, but whatever currency replaces it as the world standard.
"They" will no longer be controlling the price, since their control is based on $US- so PM values should rise in value to other currencies as well, right?

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Originally Posted by 68Charger

"They" will no longer be controlling the price, since their control is based on $US- so PM values should rise in value to other currencies as well, right?

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Don't think so, I believe it will always be controlled, no matter what the world currency/petro-dollar ends up being. At least that's what I've heard from some folks... Time will tell, though. For the short-term, owning PMs is a good idea. In the very long run, nothing will have value except for whatever the one world 'currency' ends up being. As it says in the Bible, "they'll throw their gold & silver on the ground cuz it's worthless" (I'm highly paraphrasing there).

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Originally Posted by sellersm

Don't think so, I believe it will always be controlled, no matter what the world currency/petro-dollar ends up being. At least that's what I've heard from some folks... Time will tell, though. For the short-term, owning PMs is a good idea. In the very long run, nothing will have value except for whatever the one world 'currency' ends up being. As it says in the Bible, "they'll throw their gold & silver on the ground cuz it's worthless" (I'm highly paraphrasing there).

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The only thing i'll throw on the ground is spent brass.