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Author Topic: When will my f*cking Silver be worth something?  (Read 4554 times)
johnniewalker
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March 19, 2013, 11:22:57 PM
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I don't recall a day this year (not saying there hasn't been one that I didn't notice) where silver was over $30/oz. There is supposedly a worldwide shortage of silver...who woulda thunk it looking at market prices. I love my cool designed rounds and bars, but when will silver really rise? At least consistently past the $30 threshold? It is pretty disturbing to think that we're just about at the point where 1BTC=2 oz Silver!
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SkRRJyTC
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March 19, 2013, 11:24:26 PM
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I don't recall a day this year (not saying there hasn't been one that I didn't notice) where silver was over $30/oz. There is supposedly a worldwide shortage of silver...who woulda thunk it looking at market prices. I love my cool designed rounds and bars, but when will silver really rise? At least consistently past the $30 threshold? It is pretty disturbing to think that we're just about at the point where 1BTC=2 oz Silver!

What shortage?

Yes it has been disturbing  Embarrassed
thebaron
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March 19, 2013, 11:25:18 PM
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I don't think there's a shortage, I just think the supply from newly mined ore has just equalized with the actual demand.
lucif
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March 19, 2013, 11:25:33 PM
 #4

You think you own silver?

Probably you mistake. You own a peice of paper where somebody wrote you own a silver.

Paper costs shit.
lucif
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March 19, 2013, 11:31:28 PM
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But wait... I bet you don't own even paper.
SkRRJyTC
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March 19, 2013, 11:33:21 PM
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You think you own silver?

Probably you mistake. You own a peice of paper where somebody wrote you own a silver.

Paper costs shit.

Why would you even want to have paper silver?

My coins are so shiny Cheesy
humanitee
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March 19, 2013, 11:33:49 PM
 #7

You think you own silver?

Probably you mistake. You own a peice of paper where somebody wrote you own a silver.

Paper costs shit.

Why would you even want to have paper silver?

My coins are so shiny Cheesy

Easier to bend into cool shapes, duh!
notme
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March 19, 2013, 11:36:55 PM
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Unlike bitcoin, it is easy to naked short sell metals.  Demanding delivery for every international trade is only feasible with cryptocurrency.  As for not demanding delivery, look what happened when France asked Nixon for their gold in 1971.  Oops, dollars are no longer convertible.

Until the banking system is flushed of the actors selling what they don't have, metals won't make significant new highs.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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mccorvic
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March 19, 2013, 11:39:37 PM
 #9

Your silver will be worth something...

when you sell it for BTC!

Ha-chachacha!

*tap dances out the room*

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johnniewalker
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March 19, 2013, 11:43:35 PM
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You think you own silver?

Probably you mistake. You own a peice of paper where somebody wrote you own a silver.

Paper costs shit.
Actually no, I own silver. I never understood the idea of "silver stock" or whatever they call it. Tangible assets are supposed to be just that; tangible. Plus I get a hard on whenever I'm playing with my silver (and especially gold).

And I haven't heard about a "shortage" per se. Just the fact that "soon" there will be a shortage and overwhelming demand for silver because it is used so heavily in industry. It was that fact that compelled me to invest more in silver than in gold. They're both solid investments, time has shown. But I really believed that silver would be performing better than it is because of all of its uses in industry.
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March 19, 2013, 11:44:32 PM
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johnniewalker
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March 19, 2013, 11:45:52 PM
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Nice! You find that yourself?
lucif
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March 19, 2013, 11:46:50 PM
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Kinda
notme
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March 19, 2013, 11:47:20 PM
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"In industry"

What industries?  Your post reads like a standard gold or silver ad.  No details, just buy now before it is too late.

https://www.bitcoin.org/bitcoin.pdf
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johnniewalker
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March 19, 2013, 11:51:59 PM
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Kinda
Find it at the store? Its still cool. I was at my coin/gold store the other day and they had a 2.7 ounce solid gold nugget. The things I would do to that...
humanitee
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March 19, 2013, 11:53:43 PM
 #16

Kinda
Find it at the store? Its still cool. I was at my coin/gold store the other day and they had a 2.7 ounce solid gold nugget. The things I would do to that...

The first gold fleshlight?
lucif
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March 19, 2013, 11:53:44 PM
 #17

Pretty woman in gem store was so charming... so I bought that peice she offered  Grin
johnniewalker
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March 19, 2013, 11:54:44 PM
 #18

"In industry"

What industries?  Your post reads like a standard gold or silver ad.  No details, just buy now before it is too late.
Read up.

http://en.wikipedia.org/wiki/Silver#Other_industrial_and_commercial_applications
beekeeper
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March 19, 2013, 11:55:56 PM
 #19

Pretty woman in gem store was so charming... so I bought that peice she offered  Grin
LMAO... Cheesy

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notme
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March 20, 2013, 12:00:23 AM
 #20

"In industry"

What industries?  Your post reads like a standard gold or silver ad.  No details, just buy now before it is too late.
Read up.

http://en.wikipedia.org/wiki/Silver#Other_industrial_and_commercial_applications

I'm aware.  I was just pointing out your use of marketing terms.  In my mind, such terms have no place in investment decision making.

https://www.bitcoin.org/bitcoin.pdf
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