Long Position on Silver and Gold?

[Firehaus]

According to this article & charts, silver may not hit $15, but I think we're real close to the bottom... I'd suggest you buy it quickly if at all possible!

http://kingworldnews.com/kingworldne...bove_$100.html

I read the article and dug into the historical data of the 1980 spike. Wasn't it mainly do to the attempted cornering of the silver market by the Hunt brothers?

Is it wise to use indicators of that time period for now?

Seriously thinking about buying some.


Sent from my iPhone

[sellersm]

Buy it now. Keep buying it as you can.

[Great-Kazoo]

I'm wanting to buy silver for cash. Is there any local places or folks on here that have some to tell or want to score CC points for the Britannias or something similar.

I have a bunch of morgans & liberty / peace dollars sitting here.

[roberth]

Buy it now. Keep buying it as you can.

Yup.

Just be sure you have 1 month food and water set aside for each person under the roof first, have the guns you want, have the ammo you'll need too.

[brutal]

Could not resist any longer.

Picked up 2x 10oz bars from Provident for 363.35 shipped.

[Great-Kazoo]

Yup.

Just be sure you have 1 month food and water set aside for each person under the roof first, have the guns you want, have the ammo you'll need too.

6 is better. Enough fuel to refill your vehicles tank 1-2x.

[sellersm]

Jim Willie predicts that China will be setting its own gold price soon (basically double the current price). This will, among other things, expose the fraud of the West. Interesting interview, discusses many relevant topics including how the GLD works and the reduction of inventory:

[9mmJ]

Seems to be hovering in the low $17 range. Buy more this week or wait for it to drop?

[roberth]

FOMC today. I'm watching interest rates, PMs, and the fiat paper markets.

I'm still learning all of this stuff, you might as well join in.

http://www.investopedia.com/terms/f/fomc.asp

FOMC - The branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMC is composed of the board of governors, which has seven members, and five reserve bank presidents. The president of the Federal Reserve Bank of New York serves continuously, while the presidents of the other reserve banks rotate their service of one-year terms.

[roberth]

http://www.zerohedge.com/news/2014-1...ds-bullion-bid

Gold, Treasuries, and Stocks are surging after the release of the FOMC minutes suggested The Fed will keep rates lower longer.

Please excuse the hypebole of ZH, the markets are up slightly and USD is down slightly.

I'd be looking for a new version of Quantitative Easing sometime in the near future. I think the USG will be near or at 20T debt by this time next year.

ETA more

http://www.businessinsider.com/fomc-...ober-8-2014-10