Silver at 29 ,Bitcoin at 30. this is no-brainer..

[vssa]

Bitcoin has raised in USD terms from 2 to 30 and it will be here for long time, it isn't going anywhere you would be able to buy it 2 years from now but silver on the other hand might disappear from the market in 2 years .
Bitcoin in its early stage of innovation right now and not even near adoption point.
Silver on the other hand is near panic buying phase .
Put your manic price predictions aside and think clearly for a second you can buy something which was money for thousands of years
or something that will be a form of money 5 years from now which is currently in its early stage of innovation, and if even BTC/USD price go to 90-100 area don't you think it will be at the same time silver go to 500 .

The only reason why silver trading at 29 and bitcoin at 30 is because central banks worry more about manipulating silver price and not BTC price.
Use your leverage and buy silver if you didn't done it yet.

Buy silver at http://bitmit.net/en/?ref=2689 or http://coinabul.com/?a=488

[2weiX]

just throwing another link in there where y'all can buy your silver (and gold): https://bitcoincommodities.com/

[rpietila]

Hey Folks,

Where has all the junk silver gone   

I am the operator of Silverbank, warehousing $160 000 F/V of our customers metals (90% circulated only). I cannot currently find any bags for sale from our supplier network, they are rather offering to buy them at 1.5% OVER spot, which is extraordinary and has not happened since the great crisis of 2008...

So please post a link if you see this normally-the-most-abundant form of silver for sale in wholesale quantity!

Otherwise the OP might turn reality, that we all are stinking rich in bitcoins, but nothing to buy except dollars.....

[goldlyre]

but silver on the other hand might disappear from the market in 2 years
==========
Do you have any proof for this claim?

[rpietila]

I am the operator of Silverbank, warehousing $160 000 F/V of our customers metals (90% circulated only). I cannot currently find any bags for sale from our supplier network, they are rather offering to buy them at 1.5% OVER spot, which is extraordinary and has not happened since the great crisis of 2008...

So please post a link if you see this normally-the-most-abundant form of silver for sale in wholesale quantity!

http://www.providentmetals.com/bullion/silver/us-slv/90-slv-1.html

Found one myself. At least this one looks like they have the product in stock. The premium with cash discount, excluding shipping and handling fees, etc, is 11.5%.

That's quite a lot more than what we want to pay. Our pricing currently is based on 2% over spot. In the last 10 years there has been opportunities to buy at spot-1%. These have always marked the highs in PM prices. The lows, on the other hand, coincide with high premiums.

A well-kept secret is that during Fall 2008, official graphs tell you that silver price tanked real bad. In fact, physical silver was the only asset that appreciated during the liquidity squeeze.

[rpietila]

but silver on the other hand might disappear from the market in 2 years
==========
Do you have any proof for this claim?

I don't know if the OP has any proof, but I can tell of my experiences as a silver dealer.

Before we start, please explain how much you already understand about money, metals, markets etc. so that I will not waste your time talking about too basics.

[vssa]

but silver on the other hand might disappear from the market in 2 years
==========
Do you have any proof for this claim?

Lets just say that current public and corporate holdings are at 2% max in silver and the supply and demand at 29 with the help of the central banks.
My guess is 20 billion  oz above ground at most.

[rpietila]

Lets just say that current public and corporate holdings are at 2% max in silver and the supply and demand at 29 with the help of the central banks.
My guess is 20 billion  oz above ground at most.

Yes. There has been about 45 B oz silver produced since the dawn of mankind. About half of it is consumed or lost.

There remains less than 1 B oz "identifiable bullion inventories". This figure is down.
There is about 2 B oz in investment products and circulated coins.
There has to be about 5 B oz in jewelry and silverware since it is being produced at a constant rate.
An additional 10-15 B oz of silver exists but hard to say where and in what form.

The last silver spike in 1980 did not see a glut of unidentified silver coming to market. The identified stashes of circulated coins and silverware were quite depleted.

Silver has been in a positive demand since about 2006, meaning that investors are buying more than selling.

The total above ground silver grows only very slowly, about 0.5% a year, less than anything, even the population grows more.

[piramida]

Put your manic price predictions aside and think clearly for a second you can buy something which was money for thousands of years
or something that will be a form of money 5 years from now which is currently in its early stage of innovation

You are right, this is a no-brainer, of course I'd buy something that will be a form of money 5 years from now! The same way I would now invest in amazon instead of a brick-and-mortar store; in internet and not telephone; basically when you invest in something that has a bright future and is in early cycles of development you get much higher returns than investing in a dying 1000-year old idea or technology. So yes, a no-brainer.

[silverfuture]

Silver is great, I own some myself, but damn is it heavy! A million dollars in silver weighs over 1 ton!

it's heavy metal.    https://www.youtube.com/watch?v=ZpkXhJPooXs 

[vssa]

Put your manic price predictions aside and think clearly for a second you can buy something which was money for thousands of years
or something that will be a form of money 5 years from now which is currently in its early stage of innovation

You are right, this is a no-brainer, of course I'd buy something that will be a form of money 5 years from now! The same way I would now invest in amazon instead of a brick-and-mortar store; in internet and not telephone; basically when you invest in something that has a bright future and is in early cycles of development you get much higher returns than investing in a dying 1000-year old idea or technology. So yes, a no-brainer.

http://www.youtube.com/watch?feature=player_embedded&v=JJHv1leTJp8

[goldlyre]

May be a couple of years later you would say again: Now the palladium is only 700 while the bitcoin is 850. It sure is a no brainer.

[rpietila]

The liquidity in silver will dry up very easily, if the crisis hits. Already in 1999 the physical was almost out and 2008 it was in a serious shortage. The key to understanding this is to know that exchanges around the world deal only with about 200 Moz of actual silver, and the coinshops come second. 99% of the world's silver is not in any liquid form and will be unavailable to investors should something happen.

If it is a reasonable thing to secure your share of the world's bitcoins, so is it with silver. I am delighted to see that bitcoin folks generally favor silver second only to bitcoin, and silver (&gold) people are flocking to bitcoins. This is a great synergy

[cypherdoc]

i think you've got it all wrong.

[debianlinux]

It is too late to panic on Silver. If you didn't get yours already then you missed that boat. Best to panic early on BTC. We KNOW the supply is limited in BTC.

[creativex]

We know the supply of physical silver is also limited. What we cannot know is how much paper silver will be manufactured counterfeited. Advantage BTC.

[rpietila]

i think you've got it all wrong.

Please elaborate. Always willing to listen other professionals

[vssa]

Does silverdoctors.com read this forum!? :http://www.silverdoctors.com/silver-and-gold-a-hedge-against-inflation-bitcoins-a-hedge-against-silver-manipulation/

[creativex]

Does silverdoctors.com read this forum!? :http://www.silverdoctors.com/silver-and-gold-a-hedge-against-inflation-bitcoins-a-hedge-against-silver-manipulation/

The comments to that article are interesting, and echo many of my initial concerns about BTC. Thanks for posting.

[adamstgBit]

i think you've got it all wrong.

Please elaborate. Always willing to listen other professionals

yes please tell us your point of view.

I'm looking start stacking silver if it goes under 20$

actually i have no idea what to do with my the profits i made with the bitcoins.... buy silver? i dont really like the idea but sub 20$ silver might be a good opportunity.... maybe i should put down a lump sum on my house? buy apply stocks? go to the bank and ask THEM what i should do