Long Position on Silver and Gold?

[davsel]

2 Thessalonians 3:10 (NKJV)

For even when we were with you, we gave you this rule: “The one who is unwilling to work shall not eat.”

[Dave_L]

Then they get to wallow in their own failures for the rest of their existence instead of having having the government force other people to sustain them. Yes, I'm a heartless bastard. Don't like your situation, then do something about it. If anything, saving and investing should be one of the few components of a national education standard (like common core).

Personal responsibility? These days? LOL.

[Sawin]

Should workers be required to show proof of investing or be penalized? You know, kind of like Obamacare?

Otherwise, what happens to those non-savers that aren't Amish?

Well, some people will be glad to flaunt how much they've saved/gained, if they see it as socially acceptable or advantageous.

If social media has proven anything to me, it's that a targeted subset of society can be pressured to do something through peer pressure or ridicule, when there is enough "noise". Negative reinforcement works magnificently when someone/some group is publicly humiliated for something they should have had control over or done differently.

There is a downside to it though... "shaming" someone is frowned upon, so it has to be done generically...

A positive reinforcement method should work too, but as we can plainly see, it doesn't.

[HoneyBadger]

Personal responsibility? These days? LOL.

I know, WE'RE the crazy ones here for even talking about it... What a shame that personal responsibility has turned into such a joke. 99.9% of liberals/progressives/socialists wouldn't recognize personal responsibility if it hit them in the forehead.

[Big E3]

I say it every election. Republicans stand up at the podium and promise jobs for everyone, Demonrats stand up there and promise free stuff for everyone even if you don't work. Guess who wins? With this frame of mind, how do they fund there own retirement. Answer: They will just wait for a few election cycles to go by then elect somebody that will promise a retirement that they don't have to pay for.

[Irving]

My online savings account now has a precious metals section when I log in. Looks like right now they are only dealing in gold bullion. I found that interesting.

[sniper7]

I did they aren't in silver. Maybe not volatile enough? I know since I started investing it really hasn't changed dramatically like I thought.

[Great-Kazoo]

I did they aren't in silver. Maybe not volatile enough? I know since I started investing it really hasn't changed dramatically like I thought.

Silver is along term fallback savings, not one of those i can turn around and make $$$ within 6 months. You want that type of PM profit. Invest in Al , lead, brass.

[roberth]

Explanation of QE from The Economist - http://www.economist.com/blogs/econo...ist-explains-5

To carry out QE central banks create money by buying securities, such as government bonds, from banks, with electronic cash that did not exist before. The new money swells the size of bank reserves in the economy by the quantity of assets purchased—hence "quantitative" easing.

Electronic cash makes its way into the marketplace devaluing the USD, Euro, Yen, Yuan, etc.

Gold and sliver are hedges against this currency devaluation, so are guns, ammunition, long-term food (Mountain House #10 cans with 25 year life expectancy), your own skills.

Please notice that the DOW, NASDAQ, S&P 500 haven't moved up since the US discontinued the QE program at the 4th iteration; that is an indicator that the growth of these fiat paper markets since 2009 is artificial.

For those of you dependent on fiat paper don't worry, QE5 is on the way, then your accounts will start in increase in "value" once again. The EU are scheduled to complete their current round of QE after September 2016, I don't believe Japan can stop their QE programs, the Japanese economy would certainly take a HUGE hit that they cannot afford not that they can afford the long term effects of QE but I digress.

Japan QE - http://www.economist.com/news/financ...end-their-cash

The BoJ began its QE—printing money to buy bonds—in April 2013, and in October 2014 it expanded the programme to ¥80 trillion a year ($660 billion at the current exchange rate), up from between ¥60 trillion and ¥70 trillion a year. This time it left the pace of its annual asset purchases unchanged. But it did make four minor adjustments, largely to facilitate and fine-tune what it was doing already.

Once a country starts QE, it quickly becomes dependent on it and it just keeps digging. There is no drug quite like creating money from thin air.

[beast556]

Silver back under 15$ today. Would love to see it hit 10$.