In your opinion, what is the best way to buy silver?
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I have a post for you Skol: this article in February highlights a big issue for the FED coming up: how to buy up enough gold to repatriate it to Germany as per their demand, without raising the price too much. Could this be another reason for the shorting that we've seen? http://www.globalresearch.ca/u-s-dol...s-gold/5321894
EZ,
Peter Schiff talking a load of Schiff as usual. A discredited goldbug conspiracy theorist who along with millions of hapless goldbugs blames everyone else for his misfortune instead of cutting their losses.
Here's the reason gold is selling off. The bull market's over, it's that simple, goldbugs worldwide are grasping at straws looking for salvation but there won't be any, gold is firmly in the grip of the bear.
OK Skol, if he's wrong, why did Germany need to act politely and request their gold back over 7 years? Why did the FED refuse an audit yet again, prompting the call? Why has the recent gold selloff left obvious traces of orchestrated large amounts of gold being offered? There were no immediate reasons for it, and Cyprus has denied selling any of their gold. These were transactions that needed to be made for another reason, and bankers made the most of an opportunity for profit.
If you're right, gold will continue to fall. If goldbugs are right, it will recover steadily.
Gold is only worth what someone's willing to pay for it, it doesn't have a dividend like a house or a share. You've been reading too much KWN EZ, it's all crap.
Goldbugs are still banging on about banksters, Japanese bonds, the Fed, the shorters, the ECB, ad infinitum, sometimes I wonder if they know how ridiculous they sound with their endless conspiracies.
Gold moves in long cycles, this bear market will more than likely go for years, having a STD will be preferable to owning gold shortly.
Here's a cut and paste that is common sense:
'Keith Poore, head of investment strategy and management at AMP Capital NZ, warned that gold has no intrinsic value.
Trade in the metal relies on the greater fool argument to gain in value, the "theory that someone will always be willing to pay a higher price than the current investor".
Poore said investors can get much better inflation protection by investing in a basket of basic necessities such as energy, agriculture and commodities other than "some precious metal that is an inflation hedge only because we think it is".'
I can't believe you posted that Skol. Impartial advice from someone peddling only standard investments? Keith Poore failed to mention that gold does have an intrinsic value, below which it cannot fall. The average price of extraction to meet the new volume that is required by the market, that's the bottom line. The last two trading days have seen huge volume traded. China is a rising superpower, and the Chinese trust gold. Join the dots.
Absolutely right--forgot to include IMHO--but it is easy to forget that there is a buying opportunity in a sell off.
If your buying to hopefully take advantage of a price increase,then there are pool accounts available at places like KItco[but you would have to deal with exchange rates etc.]
If you want physical silver you would have to look for the best deal locally as silver is to hard to ship.
You would have to google around--sometimes sella or trade me has boxes of 500
The physical option is more for those that have lost faith in the economy and want protection just in case.
Obviously everyone has to decide for themselves--I mostly put that post for those who may have been wanting silver but it was to expensive before.
The market is a crazy animal and I believe Gold and Silver can fall below the price of extraction--but i dont believe it can stay there.
Standard Investments?
Gold isn't a standard investment, it's a piece of metal you put in a safe and hope for the best, you've been brainwashed by the loonies at KWN.
Agriculture, industry, energy, real people, real companies doing real things.
John Paulson, darling of the goldbug set lost $1 billion in the last 2 days, adding to his already humungous losses.
China's buying gold, crap, that's what the peak oilers I debated with in 2008 said about oil just before the oil price collapsed 75%. It's all here, have a read. lol
Skol, you forgot the link. Was it this one?