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Thread: Is a Silver Supply Shortage on the Horizon?

  1. #31

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    Quote Originally Posted by aslan View Post
    I don't like holding paper.
    Ok, move some of the paper we know you still have into the silver paper.
    "The dogs bark but the caravan moves on."
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  2. #32
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    Quote Originally Posted by zengrifter View Post
    Ok, move some of the paper we know you still have into the silver paper.
    What is the sense in trading paper for paper? Gooooooooold! Goooooooooooooooooold! I want Goooooooooooooooooold!
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  3. #33
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    Quote Originally Posted by zengrifter View Post
    Ok, move some of the paper we know you still have into the silver paper.
    I am not looking for an investment. I only want a hedge against disaster. That's all. Farmland is a far wiser investment IMO, having both the advantages of real estate, and the ability to raise food or to rent to others for that purpose. No? But I'm not doing that either. I plan to fly out to CA with my wife and live in your Casita if the SHTF.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  4. #34
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    I bet his hacienda is huge Aslan. I mean come on, you don't make all the coin he did and not have a stash........

    Mac
    So look buddy it's nothing personal, but either your the unluckiest person in the world or your stealing from me. Either way............ I WANT NO PART OF YOU!!!!!! NEVER!!!!

  5. #35

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    Taking a shine to silver 4/4/2014
    Historically, the ratio between the gold and silver price has been about 12:1. This means it took 12 ounces of silver to buy one ounce of gold. The ratio is now closer to 60:1, which defies the relationship that the two metals have had over the last 100 years and suggests that silver could be massively undervalued. Demand for silver is surging owing to its combined appeal as a tangible safe haven asset and its various industrial uses. Many analysts and geologists agree – a silver shortage is upon us.
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  6. #36
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    Quote Originally Posted by zengrifter View Post
    Taking a shine to silver 4/4/2014
    Historically, the ratio between the gold and silver price has been about 12:1. This means it took 12 ounces of silver to buy one ounce of gold. The ratio is now closer to 60:1, which defies the relationship that the two metals have had over the last 100 years and suggests that silver could be massively undervalued. Demand for silver is surging owing to its combined appeal as a tangible safe haven asset and its various industrial uses. Many analysts and geologists agree – a silver shortage is upon us.
    That's because the speculative value of gold far exceeds the speculative value of silver. But now you see all the precious metal people hawking silver, so perhaps it will have more of a run, but it does not need to reflect the run of gold in any way, shape or form. If the world enters a protracted era of peace, I would expect gold and silver to resume that 12 to 1 ratio, which would mean that gold will take a huge plunge. So, what's your calculation that we might enter a protacted era of peace. Be careful.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  7. #37

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    Quote Originally Posted by aslan View Post
    I like X number of gold coins in my safety deposit box.
    I like the saying, "If you cannot touch it, you don't own it." So you really trust the "bank" to take care of your gold? You remember what FDR did back in the 1930's right? Gold confiscation via bank holiday! The bankers will take real good care of your gold, real good care of it. Just leave it in your safety deposit box and pray like hell that they do not lock their doors and say, "Sorry sir, that gold is not your property anymore." You trust the bankers a lot more than I do.

  8. #38

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    The current ratio for gold/silver is 1:65 www.kitco.com which is far off from the historical ratio.

  9. #39

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    Quote Originally Posted by DDutton View Post
    U.S. MINT UPDATE: Silver Eagles Nearly Sell Out In Two Days

    The U.S. Mint updated its sales figures today… and it was another whopper. Yesterday, the U.S. Mint sold 825,500 Silver Eagles which was about two-thirds of the weekly allocation. The U.S. Mint raised the total allocation to its authorized dealers this week to 1,250,000 compared to 750,000 last week. Today, the U.S. Mint sold another 346,000 Silver Eagles for a total of 1,171,500. This means the U.S. Mint only has 78,500 Silver Eagles available for the remainder of the week. The total Silver Eagle for February is now 3,671,500:
    - See more at: http://wealthydebates.com/u-s-mint-u....7Ev4jk13.dpuf
    "Record Silver Eagle Buying As Industry Analysts Mislead The Public" http://www.silverdoctors.com/record-...ad-the-public/ It seems like there isn't a slow down for gold's little brother.

  10. #40
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    Quote Originally Posted by Blitzkrieg View Post
    The current ratio for gold/silver is 1:65 www.kitco.com which is far off from the historical ratio.
    So then, imagine its value if it goes back to its non-speculative value. I know it's hard to imagine an era of peace in the world, but just when it seems unlikely that that can ever happen! well, that's when these things happen. So, I'm suggesting a hedge against your hedge, and basically that is not putting all your eggs in one basket.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  11. #41

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    Quote Originally Posted by aslan View Post
    So then, imagine its value if it goes back to its non-speculative value. I know it's hard to imagine an era of peace in the world, but just when it seems unlikely that that can ever happen! well, that's when these things happen. So, I'm suggesting a hedge against your hedge, and basically that is not putting all your eggs in one basket.
    If you have conviction in the purchase of an asset sometimes taking a large position really isn't such a bad thing. Many people like to diversify by putting all of their eggs into one basket, meaning stocks/paper equities. Having all of ones investment money in paper assets even though they may be in different sectors of the economy isn't diversification to me, it's just paper the way I see it. Peace, haha. Currently there is a lot of bloodshed and instability across the globe and it's only getting worse. Peace on earth would be nice but I don't see that happening anytime soon.
    If silver went down to $3 to $5 or $8 in today's world which I don't think will happen but if it did the smart money would back up the truck. The U.S. mint would probably have to halt sales lol because the supply would be exhausted. Miners would be probably be losing money with the costs associated with refining the metal, it wouldn't make sense to take it out of the ground at low prices and were to late in the game after the TARP/QE to infinity.

  12. #42
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    Quote Originally Posted by Blitzkrieg View Post
    If you have conviction in the purchase of an asset sometimes taking a large position really isn't such a bad thing. Many people like to diversify by putting all of their eggs into one basket, meaning stocks/paper equities. Having all of ones investment money in paper assets even though they may be in different sectors of the economy isn't diversification to me, it's just paper the way I see it. Peace, haha. Currently there is a lot of bloodshed and instability across the globe and it's only getting worse. Peace on earth would be nice but I don't see that happening anytime soon.
    If silver went down to $3 to $5 or $8 in today's world which I don't think will happen but if it did the smart money would back up the truck. The U.S. mint would probably have to halt sales lol because the supply would be exhausted. Miners would be probably be losing money with the costs associated with refining the metal, it wouldn't make sense to take it out of the ground at low prices and were to late in the game after the TARP/QE to infinity.
    I tend to be contrarian in my outlook.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  13. #43
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    I'l take brass, as in cases and boxes of 5.56 NATO.....

  14. #44
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    Quote Originally Posted by metronome View Post
    I'l take brass, as in cases and boxes of 5.56 NATO.....
    A wise selection.

    Just be careful that your AR15 is chambered for 5.56 and not .223, other wise you may be at risk. .223 will fire in an AR15 chambered for 5.56, but it's not safe vice versa, at least, not always, due to tighter tolerances for .223 chambered AR15s.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  15. #45
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    Indeed Aslan....nasty surprise and a good way to ruin a nice rifle

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