Invest in silver?
02-08-2011, 05:29 PM
#24
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Join Date: Feb 2011
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FML. I know this is a necro, but I can't pass it up.
Thing with bouillion- there is striking cost, transport cost, and carry cost. Whoever it is selling it is making money off the bat, and you need a price move, often significant to adjust for that.
If you're a hardcore gold/silver/platinum/rhodium/unobtanium nut ETF's are pretty rockin. You can do away with a lot of the fixed costs (yes, instead you are paying a trade fee), and depending on just how sure you are you can leverage. Plus with the ETFs (some of course are better than others) you are sharing more of the carry cost.
Personally I think the hype is what is high, not the value (yes, I know it's free market, supply demand, hedging blah blah blah), but I think we are a step away from printing tulips on those coins and calling it a mania.
Now if you're one of these apocalyptic types, nothing I say is going to satiate your fears, and you should pass up the silver and gold and get bullets, food, gerry cans and ditch your roadster for a unimog.
My dad is a goldbug to a fault, and I'm the opposite to a fault, so we get in quality pissing matches. But we both agree that if you are convinced the metals will go up grab the stock of a producer. They have close to a fixed cost to get it out of the ground and their profit margin will go up if the metal does.
Then again, on the flip side if you wanna crap yourself find shadow stats and look up M3, which is the no longer published monetary index that includes a lot of stuff (like, umm, everything) and take a look how it's gone stratospheric between Bush I, Clinton, and Bush II (I hate both sides).
Thing with bouillion- there is striking cost, transport cost, and carry cost. Whoever it is selling it is making money off the bat, and you need a price move, often significant to adjust for that.
If you're a hardcore gold/silver/platinum/rhodium/unobtanium nut ETF's are pretty rockin. You can do away with a lot of the fixed costs (yes, instead you are paying a trade fee), and depending on just how sure you are you can leverage. Plus with the ETFs (some of course are better than others) you are sharing more of the carry cost.
Personally I think the hype is what is high, not the value (yes, I know it's free market, supply demand, hedging blah blah blah), but I think we are a step away from printing tulips on those coins and calling it a mania.
Now if you're one of these apocalyptic types, nothing I say is going to satiate your fears, and you should pass up the silver and gold and get bullets, food, gerry cans and ditch your roadster for a unimog.
My dad is a goldbug to a fault, and I'm the opposite to a fault, so we get in quality pissing matches. But we both agree that if you are convinced the metals will go up grab the stock of a producer. They have close to a fixed cost to get it out of the ground and their profit margin will go up if the metal does.
Then again, on the flip side if you wanna crap yourself find shadow stats and look up M3, which is the no longer published monetary index that includes a lot of stuff (like, umm, everything) and take a look how it's gone stratospheric between Bush I, Clinton, and Bush II (I hate both sides).
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02-09-2011, 08:03 PM
#26
I posted this in another thread on 12/31/10 to show that cotton futures are up THREE TIMES what gold futures are. I'll post again just to **** all your gold/silver guys off:
For some reason I haven't seen any commercials for Cotton futures on TV. Maybe it is not as easy to sell fear of not being able to get tube socks.
For some reason I haven't seen any commercials for Cotton futures on TV. Maybe it is not as easy to sell fear of not being able to get tube socks.
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02-10-2011, 12:58 AM
#29
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Dude this is totally a great idea!!!!!1
I Think that everyone hear should invest in silver!!!! The more silver that we all buy, the more the price will go up!?! How can we [possibly loss?
I Think that everyone hear should invest in silver!!!! The more silver that we all buy, the more the price will go up!?! How can we [possibly loss?
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03-23-2011, 09:59 PM
#34
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Join Date: Jul 2007
Location: Houston, TX
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http://www.kitco.com/charts/livesilver.html
lol
Its going to $45 by the end of summer...37.24 currently. Keep on printing Fed, lol
lol
Its going to $45 by the end of summer...37.24 currently. Keep on printing Fed, lol
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03-23-2011, 10:39 PM
#36
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Join Date: Mar 2010
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03-24-2011, 11:23 AM
#37
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Join Date: Jul 2005
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Only the gov't could jail someone by calling someone minting coins, a "terrorist".
The jury's ignorance is typical. His coins did not have the words "legal tender" stamped on them. He merely reshaped some metal into coin-looking shapes.
Folks don't understand that the Central Bank has a gov't granted monopoly to print counterfeit money. Thus they can print as much of it as they want. Gov't gets a blank check of newly printed money, whose perpetual interest payments are paid with your taxes. This enables runaway gov't spending and power.
The newly created money enters the economy at discrete points - these favored financial institutions, such as the Banksters bailed out by the Treasury in 2008, get to spend this money before it spreads through the economy and the effects of inflation are felt. The money dilutes the existing money supply, stealing from those of us with salaries and fixed incomes, and those with savings.
The jury's ignorance is typical. His coins did not have the words "legal tender" stamped on them. He merely reshaped some metal into coin-looking shapes.
Folks don't understand that the Central Bank has a gov't granted monopoly to print counterfeit money. Thus they can print as much of it as they want. Gov't gets a blank check of newly printed money, whose perpetual interest payments are paid with your taxes. This enables runaway gov't spending and power.
The newly created money enters the economy at discrete points - these favored financial institutions, such as the Banksters bailed out by the Treasury in 2008, get to spend this money before it spreads through the economy and the effects of inflation are felt. The money dilutes the existing money supply, stealing from those of us with salaries and fixed incomes, and those with savings.
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03-24-2011, 03:46 PM
#39
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Robert,
Chart with RYTNX in blue and Vanguard's Small-Cap Index fund in orange, 5 year, FWIW.
Also, RYTNX expense ratio is an astronomical 1.81% while the Vanguard fund (ticker symbol VB) has an expense ratio of 0.14%. On a $5000 investment that would be the difference between $90.50 and $7 commission to your fund manager every year. On $50k it would be $905 vs. $70 each year whether it goes up or down. I'm too cheap to give that much money away.
Chart with RYTNX in blue and Vanguard's Small-Cap Index fund in orange, 5 year, FWIW.
Also, RYTNX expense ratio is an astronomical 1.81% while the Vanguard fund (ticker symbol VB) has an expense ratio of 0.14%. On a $5000 investment that would be the difference between $90.50 and $7 commission to your fund manager every year. On $50k it would be $905 vs. $70 each year whether it goes up or down. I'm too cheap to give that much money away.
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