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#11
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Opinions on cashing out some silver
On Feb 12, 10:09*am, "PC" wrote:
"oly" wrote in message ... I think silver could see $20/oz this year given the inflationary nature of the so-called stimulus plan. I must agree with RF that the crap coming out of Washington will be very inflationary. *With a Democratic President and Democratic Congress for the first time since James Earl Carter, Jr., it is now Christmas morning for the Democrats. *As for myself, I am clutching very tightly to my PMs and adding more whenever possible. Considering the wonderful job the Republicans have done if your doom and gloom is true then it is already hopeless. Yep, we should be eternally grateful for the complete control that Dumbya and his minions had for 6 years so that they could bless us with an endless, meaningless trillion dollar war and a bankrupt country. Now, thanks to the Republican insistance on even more "tax cuts" in order to pass the stimulus package, the goobermint is probably going to give out another round of free $600 checks so that all the losers out there can stock up on beer, weed, meth, cigarettes and video games again. Yippppeeeeee!! |
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#12
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Opinions on cashing out some silver
Okay... I have made arrangements to sell my small cache of silver for
10x face for the pre-1965 coins and 4x for the 40% Kennedys. I have worked out that the break-even point for the silver is $13.82, as as I write this, the price is $13.57. What is the opinion of "all y'all" about such a sale: would you make the deal, would you hold on for silver to hit $22 again. I am not in a position that I need to sell the coins: just looking to turn it into "working capital" for obtaining rolls to search or to buy other coins to work on my various collections. Thoughts? I would sell gold as gold is up on a currency panic but as bad as things are...faith in currencies can return. I would hold silver, palladium, and platinum as demand for commodites can return in 3 to 5 years. In fact copper and steel can regain some with planned government infrastructure projects. Of course with all metals low margin mines are on hold and so there is some pullback in supply along with the loss of demand. If you must sell your silver then buy something very low. So that would be stocks or real estate or out-of-favor currencies. Or put your funds into a forex futures account with 100 to 1 leverage. Because the major currencies are just taking turns going in and out-of-favor against each other. Or the currencies of countries with small trade deficits are very strong but then they do get too strong at times... |
#13
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Opinions on cashing out some silver
On Feb 12, 2:28*pm, wrote:
On Feb 12, 10:09*am, "PC" wrote: "oly" wrote in message .... I think silver could see $20/oz this year given the inflationary nature of the so-called stimulus plan. I must agree with RF that the crap coming out of Washington will be very inflationary. *With a Democratic President and Democratic Congress for the first time since James Earl Carter, Jr., it is now Christmas morning for the Democrats. *As for myself, I am clutching very tightly to my PMs and adding more whenever possible. Considering the wonderful job the Republicans have done if your doom and gloom is true then it is already hopeless. Yep, we should be eternally grateful for the complete control that Dumbya and his minions had for 6 years so that they could bless us with an endless, meaningless trillion dollar war and a bankrupt country. Now, thanks to the Republican insistance on even more "tax cuts" in order to pass the stimulus package, the goobermint is probably going to give out another round of free $600 checks so that all the losers out there can stock up on beer, weed, meth, cigarettes and video games again. *Yippppeeeeee!!- Hide quoted text - - Show quoted text - Yes, and we should be grateful for how strongly and adeptly Nancy Pelosi, Barney Frank et al opposed the Bushies for the last two years. especially on the TARP I deal. oly |
#14
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Opinions on cashing out some silver
"oly" wrote in message ... On Feb 12, 12:09 pm, "PC" wrote: "oly" wrote in message ... I think silver could see $20/oz this year given the inflationary nature of the so-called stimulus plan. I must agree with RF that the crap coming out of Washington will be very inflationary. With a Democratic President and Democratic Congress for the first time since James Earl Carter, Jr., it is now Christmas morning for the Democrats. As for myself, I am clutching very tightly to my PMs and adding more whenever possible. Considering the wonderful job the Republicans have done if your doom and gloom is true then it is already hopeless. Again, optimism is the mania for declaring all is well, when all is going very badly. And, it is the Democorps that is lined up at the trough now. Conversely, pessimism is a defense mechanism when one's own views and theories are not standing up well in the current situation. Neither is inherently right or wrong. Someone once observed that the difference between an optimist and a pessimist is that the optimist thinks we are living in the best of all possible worlds, and the pessimist fears that he's right. IMO, in the optimist/pessimist discussions here WRT PM prices, the opposing players are playing on different playing fields. oly et al. foresee a coming wave of debt-funded spending that will cause a lot of investment money to be shifted to stable or rising havens like PMs. They undoubtedly are right. Others (and I am in this camp) wouldn't deny this phenomenon, we're just focused more on the long run, which historically always continues to rise unless and until something really catastrophic comes along to really break the empire or the market or the system. The two views are not incompatible because they're actually philosophical differences between apples and oranges. If you want to say that I'm playing ostrich to a coming massive breakdown that will really wreck the system, well, I'll plead guilty. I can get up and function every morning knowing that the dollar will fall and gold will rise. I can't build my life around a certitude that some morning during my lifetime, the whole thing will come crashing down on our heads. Being a reasonably sane and alert person, I make a few basic preparations to defend myself against both the coming short-term and hypothetical major long-term downturns. Some pertain to investing, but if the really big balloon ever goes up, I'll be focused more on keeping my firearms oiled, ammo and food stocks on hand, and having a few contingency escape plans sketched out. |
#15
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Opinions on cashing out some silver
"oly" wrote in message ... On Feb 11, 4:46 pm, "RWF" wrote: Christmas morning for the Democrats. As for myself, I am clutching very tightly to my PMs and adding more whenever possible. PM s? What is that? |
#16
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Opinions on cashing out some silver
On Feb 13, 11:03*am, "mazorj" wrote:
"oly" wrote in message ... On Feb 12, 12:09 pm, "PC" wrote: "oly" wrote in message .... I think silver could see $20/oz this year given the inflationary nature of the so-called stimulus plan. I must agree with RF that the crap coming out of Washington will be very inflationary. With a Democratic President and Democratic Congress for the first time since James Earl Carter, Jr., it is now Christmas morning for the Democrats. As for myself, I am clutching very tightly to my PMs and adding more whenever possible. Considering the wonderful job the Republicans have done if your doom and gloom is true then it is already hopeless. Again, optimism is the mania for declaring all is well, when all is going very badly. *And, it is the Democorps that is lined up at the trough now. Conversely, pessimism is a defense mechanism when one's own views and theories are not standing up well in the current situation. *Neither is inherently right or wrong. Someone once observed that the difference between an optimist and a pessimist is that the optimist thinks we are living in the best of all possible worlds, and the pessimist fears that he's right. IMO, in the optimist/pessimist discussions here WRT PM prices, the opposing players are playing on different playing fields. *oly et al. foresee a coming wave of debt-funded spending that will cause a lot of investment money to be shifted to stable or rising havens like PMs. They undoubtedly are right. *Others (and I am in this camp) wouldn't deny this phenomenon, we're just focused more on the long run, which historically always continues to rise unless and until something really catastrophic comes along to really break the empire or the market or the system. *The two views are not incompatible because they're actually philosophical differences between apples and oranges. If you want to say that I'm playing ostrich to a coming massive breakdown that will really wreck the system, well, I'll plead guilty. I can get up and function every morning knowing that the dollar will fall and gold will rise. *I can't build my life around a certitude that some morning during my lifetime, the whole thing will come crashing down on our heads. Being a reasonably sane and alert person, I make a few basic preparations to defend myself against both the coming short-term and hypothetical major long-term downturns. *Some pertain to investing, but if the really big balloon ever goes up, I'll be focused more on keeping my firearms oiled, ammo and food stocks on hand, and having a few contingency escape plans sketched out.- Hide quoted text - - Show quoted text - One of the big attractions of coin collecting, for me, is how all the various coins, medals and paper money readily illustrate history. And there is nothing in the history of paper money and paper money regimes that is very reassuring. Nothing at all. The present pounds and pence of the United Kingdom/ Bank of England are the longest/ eldest lived paper currency still in existence (from the 1790s, MOL), and the present day pound is about 1/100th of its pre-1914 value. The present U.S. Dollar must be in second place for longevity (from the Civil War), and it is 1/20th of its pre-1913 value. Probably 90% of the paper money systems ever established/ the paper money ever issued, by all countries in the world, is worthless today. I agree that you and I are on different wavelengths and I understand the desire for the status quo to be maintained, but we are at a moment in time where I see great discontinuities on the immediate horizon. I feel that we will go through the wringer like the USSR did between 1989-1995. I don't expect complete collapse, but I would be (am I am) preparing for problems, and generally agree with the Dmitry Orlov proposition that America will be much more vulnerable than the Russkies were. I feel that many of my friends are vulnerable and wish that they had more PMs (precious metals) squirreled away than they do. oly |
#17
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Opinions on cashing out some silver
"oly" wrote in message ... that they had more PMs (precious metals) Thanks! -should have guessed |
#18
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Opinions on cashing out some silver
"oly" wrote in message ... On Feb 13, 11:03 am, "mazorj" wrote: "oly" wrote in message ... On Feb 12, 12:09 pm, "PC" wrote: "oly" wrote in message ... I think silver could see $20/oz this year given the inflationary nature of the so-called stimulus plan. I must agree with RF that the crap coming out of Washington will be very inflationary. With a Democratic President and Democratic Congress for the first time since James Earl Carter, Jr., it is now Christmas morning for the Democrats. As for myself, I am clutching very tightly to my PMs and adding more whenever possible. Considering the wonderful job the Republicans have done if your doom and gloom is true then it is already hopeless. Again, optimism is the mania for declaring all is well, when all is going very badly. And, it is the Democorps that is lined up at the trough now. Conversely, pessimism is a defense mechanism when one's own views and theories are not standing up well in the current situation. Neither is inherently right or wrong. Someone once observed that the difference between an optimist and a pessimist is that the optimist thinks we are living in the best of all possible worlds, and the pessimist fears that he's right. IMO, in the optimist/pessimist discussions here WRT PM prices, the opposing players are playing on different playing fields. oly et al. foresee a coming wave of debt-funded spending that will cause a lot of investment money to be shifted to stable or rising havens like PMs. They undoubtedly are right. Others (and I am in this camp) wouldn't deny this phenomenon, we're just focused more on the long run, which historically always continues to rise unless and until something really catastrophic comes along to really break the empire or the market or the system. The two views are not incompatible because they're actually philosophical differences between apples and oranges. If you want to say that I'm playing ostrich to a coming massive breakdown that will really wreck the system, well, I'll plead guilty. I can get up and function every morning knowing that the dollar will fall and gold will rise. I can't build my life around a certitude that some morning during my lifetime, the whole thing will come crashing down on our heads. Being a reasonably sane and alert person, I make a few basic preparations to defend myself against both the coming short-term and hypothetical major long-term downturns. Some pertain to investing, but if the really big balloon ever goes up, I'll be focused more on keeping my firearms oiled, ammo and food stocks on hand, and having a few contingency escape plans sketched out.- Hide quoted text - - Show quoted text - One of the big attractions of coin collecting, for me, is how all the various coins, medals and paper money readily illustrate history. And there is nothing in the history of paper money and paper money regimes that is very reassuring. Nothing at all. The present pounds and pence of the United Kingdom/ Bank of England are the longest/ eldest lived paper currency still in existence (from the 1790s, MOL), and the present day pound is about 1/100th of its pre-1914 value. The present U.S. Dollar must be in second place for longevity (from the Civil War), and it is 1/20th of its pre-1913 value. Probably 90% of the paper money systems ever established/ the paper money ever issued, by all countries in the world, is worthless today. Again, a valid but long-term observation. All good things must come to an end, the only questions are when, and how soon will you be able to see it coming? How long did it take for the citizens of Rome to realize that the party was over? Prior to the collapse of the empire they had many major ups and downs and betting the farm that the latest one was "The End" would have been a bad wager, both economically and politically. I agree that you and I are on different wavelengths and I understand the desire for the status quo to be maintained, but we are at a moment in time where I see great discontinuities on the immediate horizon. I feel that we will go through the wringer like the USSR did between 1989-1995. I don't expect complete collapse, but I would be (am I am) preparing for problems, and generally agree with the Dmitry Orlov proposition that America will be much more vulnerable than the Russkies were. I feel that many of my friends are vulnerable and wish that they had more PMs (precious metals) squirreled away than they do. So to paraphrase the old joke about self-prostitution, we've already establish what we are, we're just haggling over price, timing, and other details. ;-) I just came into some unexpected money, will probably invest in a dozen or two pieces "just in case" as soon as I find a source that won't scalp me too badly over melt. The odds of losing significantly in the short term are relatively small and I figure that I can turn a buck or two if I don't get greedy and hang on too long. |
#19
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Opinions on cashing out some silver
On Feb 13, 12:35*pm, "mazorj" wrote:
"oly" wrote in message ... On Feb 13, 11:03 am, "mazorj" wrote: "oly" wrote in message .... On Feb 12, 12:09 pm, "PC" wrote: "oly" wrote in message .... I think silver could see $20/oz this year given the inflationary nature of the so-called stimulus plan. I must agree with RF that the crap coming out of Washington will be very inflationary. With a Democratic President and Democratic Congress for the first time since James Earl Carter, Jr., it is now Christmas morning for the Democrats. As for myself, I am clutching very tightly to my PMs and adding more whenever possible. Considering the wonderful job the Republicans have done if your doom and gloom is true then it is already hopeless. Again, optimism is the mania for declaring all is well, when all is going very badly. And, it is the Democorps that is lined up at the trough now. Conversely, pessimism is a defense mechanism when one's own views and theories are not standing up well in the current situation. Neither is inherently right or wrong. Someone once observed that the difference between an optimist and a pessimist is that the optimist thinks we are living in the best of all possible worlds, and the pessimist fears that he's right. IMO, in the optimist/pessimist discussions here WRT PM prices, the opposing players are playing on different playing fields. oly et al. foresee a coming wave of debt-funded spending that will cause a lot of investment money to be shifted to stable or rising havens like PMs. They undoubtedly are right. Others (and I am in this camp) wouldn't deny this phenomenon, we're just focused more on the long run, which historically always continues to rise unless and until something really catastrophic comes along to really break the empire or the market or the system. The two views are not incompatible because they're actually philosophical differences between apples and oranges. If you want to say that I'm playing ostrich to a coming massive breakdown that will really wreck the system, well, I'll plead guilty. I can get up and function every morning knowing that the dollar will fall and gold will rise. I can't build my life around a certitude that some morning during my lifetime, the whole thing will come crashing down on our heads. Being a reasonably sane and alert person, I make a few basic preparations to defend myself against both the coming short-term and hypothetical major long-term downturns. Some pertain to investing, but if the really big balloon ever goes up, I'll be focused more on keeping my firearms oiled, ammo and food stocks on hand, and having a few contingency escape plans sketched out.- Hide quoted text - - Show quoted text - One of the big attractions of coin collecting, for me, is how all the various coins, medals and paper money readily illustrate history. *And there is nothing in the history of paper money and paper money regimes that is very reassuring. *Nothing at all. The present pounds and pence of the United Kingdom/ Bank of England are the longest/ eldest lived paper currency still in existence (from the 1790s, MOL), and the present day pound is about 1/100th of its pre-1914 value. *The present U.S. Dollar must be in second place for longevity (from the Civil War), and it is 1/20th of its pre-1913 value. *Probably 90% of the paper money systems ever established/ the paper money ever issued, by all countries in the world, is worthless today. Again, a valid but long-term observation. *All good things must come to an end, the only questions are when, and how soon will you be able to see it coming? *How long did it take for the citizens of Rome to realize that the party was over? *Prior to the collapse of the empire they had many major ups and downs and betting the farm that the latest one was "The End" would have been a bad wager, both economically and politically. I agree that you and I are on different wavelengths and I understand the desire for the status quo to be maintained, but we are at a moment in time where I see great discontinuities on the immediate horizon. *I feel that we will go through the wringer like the USSR did between 1989-1995. *I don't expect complete collapse, but I would be (am I am) preparing for problems, and generally agree with the Dmitry Orlov proposition that America will be much more vulnerable than the Russkies were. *I feel that many of my friends are vulnerable and wish that they had more PMs (precious metals) squirreled away than they do. So to paraphrase the old joke about self-prostitution, we've already establish what we are, we're just haggling over price, timing, and other details. *;-) I just came into some unexpected money, will probably invest in a dozen or two pieces "just in case" as soon as I find a source that won't scalp me too badly over melt. *The odds of losing significantly in the short term are relatively small and I figure that I can turn a buck or two if I don't get greedy and hang on too long.- Hide quoted text - - Show quoted text - I just bought 14 JM "flats" today from the big local dealer. Somebody sold 20 of them to him at 10 A.M. and all are gone by noon. The rest of what he has is American Silver Eagles (with a bigger premium). He does have a few American Gold Eagles 1 oz. dated 2009 - the first in stock since Oct or Nov.... oly |
#20
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Opinions on cashing out some silver
"PC" wrote in message ... "oly" wrote in message ... On Feb 11, 4:46 pm, "RWF" wrote: Christmas morning for the Democrats. As for myself, I am clutching very tightly to my PMs and adding more whenever possible. PM s? What is that? A typo for PMS? :-) |
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