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Author Topic: Silver is important  (Read 1652 times)
SilverBull
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March 24, 2013, 05:31:55 AM
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I have come here to promote the idea of individuals having a good supply of tradable commodities in reserve in case of a wide spread disaster.

In addition to bitcoins I think it is a good idea for people to collect silver as well. In that spirit I will be promoting silver through a series of giveaways and sales.
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SilverVigilante
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March 24, 2013, 05:36:19 AM
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Silver: bitcoin insurance.

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March 24, 2013, 05:43:13 AM
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 Grin Grin Grin Grin Grin Amen.
SilverBull
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March 24, 2013, 05:47:24 AM
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I realized I am locked in newbie land, but newbies need silver too! Here is my free silver post: https://bitcointalk.org/index.php?topic=157339.0
Sage
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March 24, 2013, 06:05:09 AM
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Let's not forget Gold and Platinum.

Silver historically has the wildest swings.  Which creates great arbitrage opportunities in differential to Gold.

But, unless you know what you're doing those swings can kill you.

Tip:  Check the charts before you buy, run the numbers and buy the most undervalued precious metal.

P.S.  It would sure be cool if someone creates a Bitcoin-based commodities exchange, allowing users to take up positions in undervalued commodities, not just the precious metals.
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March 24, 2013, 06:10:15 AM
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Only problem with silver is it's hard to store and transport monster boxes. A small tube of 10 gold coins = a 500 coin silver monster box.

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SilverBull
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March 24, 2013, 06:12:21 AM
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I agree gold is important for those that can afford it. I like that someone with a moderate income can afford a little silver every paycheck.
choeppner
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March 24, 2013, 06:45:43 AM
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ebay  is a source for melt value silver coins.
SilverBull
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March 24, 2013, 06:59:02 AM
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ebay  is a source for melt value silver coins.

The prices there seem to be higher than normal right now. I find flea markets are a great place to score.
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March 24, 2013, 07:10:47 AM
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Rhodium has the most upside right now, if ya wanna speculate.
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March 24, 2013, 07:19:59 AM
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I have come here to promote the idea of individuals having a good supply of tradable commodities in reserve in case of a wide spread disaster.

How do you define a "wide spread disaster"?

"The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended." -- Frédéric Bastiat
SilverBull
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March 24, 2013, 07:35:31 AM
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I have come here to promote the idea of individuals having a good supply of tradable commodities in reserve in case of a wide spread disaster.

How do you define a "wide spread disaster"?

Specifically the failure of the powers that be to provide us with a stable and usable currency. Fiat money is going the way of toilet paper.
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March 24, 2013, 07:43:18 AM
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a wide spread disaster is defined as when there is no supply of quality toilet paper!
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March 24, 2013, 07:45:39 AM
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Specifically the failure of the powers that be to provide us with a stable and usable currency. Fiat money is going the way of toilet paper.

How is silver going to be helpful in that scenario? I assume you are talking about a serious currency meltdown such that cross border payments become difficult/impossible.

"The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended." -- Frédéric Bastiat
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March 24, 2013, 07:47:58 AM
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Specifically the failure of the powers that be to provide us with a stable and usable currency. Fiat money is going the way of toilet paper.
[/quote]

I guess it has been doing that forever and yet you can still buy toilet paper with it.

What I love are all the sites touting silver as a great investment and then saying buy OUR silver.

If you don't know where you're going any road will get you there
surya
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March 24, 2013, 10:37:37 AM
 #16

Silver is manipulated. Palladium is the stuff you want.
SilverBull
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March 24, 2013, 05:20:41 PM
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Specifically the failure of the powers that be to provide us with a stable and usable currency. Fiat money is going the way of toilet paper.

How is silver going to be helpful in that scenario? I assume you are talking about a serious currency meltdown such that cross border payments become difficult/impossible.

The same way it helped people in Zimbabwe, Germany and Argentina when their currencies value shot to zero, it was something that people could use as trade.
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March 24, 2013, 05:28:56 PM
 #18

I work in silver for my jewellery, it's cheap ( at least when you buy the thin stuff ) and easy to work with Cheesy
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March 24, 2013, 05:35:18 PM
 #19

Collect silver after you have enough
  • Food
  • Water processing capability and supply
  • Weapons and Ammo
  • Medical Supplies

Because these things will not be available if we get to a state where Silver is required.  I can tell you I would not sell my items for all the silver in the world if I became dependent on the.  A Fifth of Jack Daniels will go a lot further than an ounce or two of silver and it costs about the same.

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AnonyMint
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March 24, 2013, 05:41:12 PM
 #20

See you at $32,000 silver?  Shocked

https://bitcointalk.org/index.php?topic=156993.msg1668244#msg1668244

Do you remember that guy?  Roll Eyes

Bitcoin is becoming the same. We await our 2008 crash after hitting maybe $1000 or whatever the ponzi gods have decided.

a wide spread disaster is defined as when there is no supply of quality toilet paper!

I gave up on that several years ago in a third-world Asian country, so I learned how to wipe with the hand and water and then wash the hand. I rather prefer it now. Doesn't leave that residue on the arse that starts itching when (as a programmer) you don't take showers for a month.

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