[nobs]

You guys think you are gamblers, well I have a gamble for you. This is a gamble that you will win on too. This is so close to a sure thing that it shouldnt even be called gambling.

Here it is everyone, SILVER.

Right now as I type this, Silver is $16.34 an ounce on the London Overnights. The price of silver can only go one way and that is up. It may take a few years ( or not ) but we are going to see $40-$50 silver before the end of this decade.

There are a million reasons why silver will triple before the end of this decade.

#1. Our gov't currently is 12.5 Trillion Dollars in debt. If that isn't bad enough, they seem to have no concern at all to try and lower that or to even maintain that. We are adding a projected 1.8 Trillion to it this year, and those projections always end up being too low. Look for another 2.2 Trillion or so to actually be added. But there is good news. Next year, the deficit projection is only 1.6 trillion, then 1.5 trillion in 2012 and so on. By 2015 if everything goes perfectly, our govt will only spend 1.1 trillion dollars that it doesnt have. So, even if all goes as planned we are looking at 30 trillion debt by decades end. That is when the baby boomers start retiring and we are hit with anout financial tsunami that we can't handle.

#2. Silver use is exploding. Do you know that every person in this country uses silver every day and most everyone in the world does too. It is in your car, your cellphone, your computer, your keyboard, your mirrors, your video games, your camera, your ipod, your medicine, and in a million other things as well. Currently, 1/3 of all the silver used in the world is used in the U.S., but the rest of the world is now being introduced to things like computers and cellphones that use silver. Experts expect the use of silver to explode throughout the decade. Silver as an investment vehicle is also beginning to explode as more and more people realize that there are some real serious problems coming for the dollar.

A lot of people will say, " there is just too much silver ". Yes, there is more silver than gold, but gold costs around 70 times what silver does. The ratio of gold to silver is maybe 5 to 1. It is estimated that there are 10 Billion ounces of silver above ground in the world. At todays prices, that would be $160 billion dollars or a little over 1% of our national debt.

Yes all the silver in the world would barely pay 1% of our national debt.

#3. You may say, well they will mine more when the price of silver increases. The fact is, silver mining companies cannot make any money mining silver at todays prices. It costs them more than $16 an ounce to mine it. Silver mines are not being mined. The silver that is being mined is mined as a byproduct of other more expensive metals like gold, platinum, Palladium, rhodium. An increase in the price of silver will do very little to increase the amount being mined. In fact, as silver has increased in price over the past 10 years, the amount mined has held steady at 600,000,000 to 650,000,000 ounces per year.

#4. You might say that 650,000,000 ounces per year is a lot. That comes out to 1/10 of an ounce per person per year on earth. Do you have a cellphone ? There is your 1/10 ounce. How about a computer, or a car, etc. In fact, the use of silver has far excedded the production of silver for many years now. In 1950, the govt's of the world held billions of ounces of silver. Today they hold a small fraction of that. In fact, in the late 90's China of all countries sold billions of ounces of its silver not because it was desperate for money but because industry was desperate for the silver.

#5. In 1999, during the end of the Clinton Presidency silver was around $5.50/ an ounce. At that time, we had a national debt of around 2 trillion, had a balanced budget, a strong economy, and a belief by most Americans that we would pay the debt off. At that time, it was stated that $5.50 an ounce was an unsustainably low price for silver. Today, we have a deficit nearly 7 times what it was, a crap economy, 2 wars that arent going to end soon, an Iran getting close to Nuclear Weapons, so thus a third war, a gov't that plans to grow the deficit at over 1 trillion dollars a year.

Silver is going to explode, and I truly think that when we have a 30 trillion national debt ( a lot sooner than you think ), silver will be $50-$75 an ounce easily.

If this is the wrong place to put this, then move it. Wasn't sure.

[nobs]

The national debt has grown by 8 million dollars since I posted this ---- 2 minutes ago

[dwaechte]

Originally Posted by nobs

The national debt has grown by 8 million dollars since I posted this ---- 2 minutes ago

I love those national debt counters... really puts things in perspective.

[nobs]

Yeah kind of scary though. Our gov't is falling further in debt at the rate of 5 billion dollars per day. So every 3 days, it is overspending an amount that it would take all the silver on Earth to pay.

I hate to be an alarmist, but I think the dollar is in trouble of epic porportions.

[nobs]

I dont know what that means. Translator says


" Southern Life Bullshit "

[blittydeuce]

Nobs, how many people have you stiffed on this forum?

[maersksealand]

Yeah...I heard of people buying silver...they died before making any profit. You have to invest at least tens of thousand of dollars to make a profit...and you can lose 30% over night. I don't follow the price of silver but I know the gold went down $100/oz in 48 hours few months ago...in one week it went form around $1220 to under $1100. Not bad idea to own some metals...but investing in to make a profit is not a good idea at this point in time. If you are worried abut the future buy nonperishable food...they will worth more then gold in times of crisis.

I don't think it's smart to buy metals now, when they are so high.

[teaserpleaser]

silver or gold?

[GELATINOUS CUBE]

were in Debt to WHO? The ARABS?? Screw em. Tell em to write it off and stop taking flights from Suadi Air or whatever.

What are they gonna do? Tariff Camel imports?

[GELATINOUS CUBE]

I smoke Kools anyway. And I am not taking advice from somebody with 1 Sbr Point. Haha.

[Naz18]

Originally Posted by GELATINOUS CUBE

were in Debt to WHO? The ARABS?? Screw em. Tell em to write it off and stop taking flights from Suadi Air or whatever.

What are they gonna do? Tariff Camel imports?

China

[Glitch]

completely 100 percent agree, get your hands on as much silver as possible. the commodity and the actual precious metal itself.

it also has many practical usages and applications. as currency, photography, fillings, silverware, jewlery, a powerful germicide and more. the price has risen and its only going to go higher.

[pico]

http://finance.yahoo.com/q/bc?s=SLV&...=on&z=m&q=l&c=

topped off around 20 dollars during the financial crisis. did a 10 for 1 split in july 2008. looks promising

[JohnAnthony]

Interesting post nobs. Do you also trade stocks?

[pico]

here are couple of ETFs you should look into

GLD = gold
SLV = silver
USO = us oil

[jjgold]

Better off trading Silver futures than holding it long term, another good way is buy Silver and then sell puts on it

[PittsburghPlayer]

My angle is that the gov`t knows that the Mayan calender is right and that man`s time is near and end. If I am wrong I really don`t care as we are going to be speaking Chinese some day later this decade anyway. Either way, not good. So yes, I call myself a gambler.

[btraband]

crooked politicians rob u blind

[Outlawdino]

Interesting post Nobs, I have been investing in physical silver and some gold for a few years now. I remember my first 10 ounce silver bar that I bought...$6.34/ounce...and at the time my state did not charge tax on the purchase (it has since become taxable over the last year or 2) and if I remember correctly the premium at the time was 50 cents per ounce. My gold purchase was below $1000/ounce. If one is going to invest in these items they must make it worth their time...which is simple...get in a postion to do so which consists of getting out of debt and then purchase your gold and silver in volume and hold it for the "long term". I see nothing in the national or world economy that will convince otherwise. I now currently work in this industry. Most of the public thought gold was too expensive at $400, $600, $800, ect per ounce. Now, at $1100, what do you think the public thinks now? The dumb ones wish they could be in a debt free position to buy and the smart ones are in a postion to buy. I see it everyday at work. I certainly will not be surprised when gold sneaks to $1500...then to $2000, then on its way to $3000-6000 in a severe case. As for silver, it's just a matter of time. People in the industry talk of the "ratio" between gold and silver and how that ratio's gap has widened, so they are buying silver in hopes that the ratio closes so silver gains in value. I don't reside in that opinion because both gold and silver are rigged/manipulated thru markets (etf's and the comex). The true values will shine when the manipulation ends. These are just my opinions and experiences. I am in for the long haul myself.

[Irish Lumberjack]

I buy a few ounces of silver every week. Hey it'll never be worthless.

[ngates815]

I bought a 100ounce bar back when I was 17 for 700 bucks....sold it last year for 1300 or so.


Silver at 16 bucks is pretty high price....But go ahead and buy a shit load.

[saintjames]

will sbr sportsbook have preseason baseball betting?

[Emily_Haines]

It's all bullshit and out of the average guys control. Everybody and I mean everyone is saying to buy gold these days and that right there should be a warning bell that this bubble is about to burst. They said the same thing about oil a few years ago when it shot through the roof. They said world demand was too much and the commodity was scarce yet it fell from 140+ a barrel all the way down to the low 30's in a matter of five days. At some point I believe the same thing well happen to these precious metals. What if some country with a huge stock pile of gold decides to flood the market with it and create a selling frenzy. It could very well happen and you could find your gold worth $200 an oz. in a matter of a few days. This game is far more rigged than the NFL and only a fool would play.

[pico]

Originally Posted by Emily_Haines

It's all bullshit and out of the average guys control. Everybody and I mean everyone is saying to buy gold these days and that right there should be a warning bell that this bubble is about to burst. They said the same thing about oil a few years ago when it shot through the roof. They said world demand was too much and the commodity was scarce yet it fell from 140+ a barrel all the way down to the low 30's in a matter of five days. At some point I believe the same thing well happen to these precious metals. What if some country with a huge stock pile of gold decides to flood the market with it and create a selling frenzy. It could very well happen and you could find your gold worth $200 an oz. in a matter of a few days. This game is far more rigged than the NFL and only a fool would play.

yep. i can see gold drop fast. silver went down to 10 dollars at one pt.

when there is a rally, you better have a chair to sit in when the music stops.

[Glitch]

hes not talking about gold, hes talking about silver. did you read what he said about supply and did you read what i said about usage and practical applications.

'British Soldiers to Get Germ-Fighting Underwear'
http://www.usatoday.com/news/world/2...nderwear_x.htm

it is a beautiful germ-killing, superconductor

[JerseyLove]

Hmmm Interesting

[rkelly110]

Emily has it right. Gold and silver is driven by the speculators as was oil.

Once we start getting this economy back on track and the dollar climes, metals will drop
like a rock. Wait until the metals make a big dive, then buy. Better yet a double bottom.

[Glitch]

bet you wont short it.

[DOMINATER]

Hunt brothers tried to corner market in 70's and went broke

[nobs]

Originally Posted by maersksealand

Yeah...I heard of people buying silver...they died before making any profit. You have to invest at least tens of thousand of dollars to make a profit...and you can lose 30% over night. I don't follow the price of silver but I know the gold went down $100/oz in 48 hours few months ago...in one week it went form around $1220 to under $1100. Not bad idea to own some metals...but investing in to make a profit is not a good idea at this point in time. If you are worried abut the future buy nonperishable food...they will worth more then gold in times of crisis.

I don't think it's smart to buy metals now, when they are so high.

I guess it just depends on your definition of "high". I dont consider $16 an ounce to be a high price for a metal this useful in todays enviornment.

[nobs]

Originally Posted by JohnAnthony

Interesting post nobs. Do you also trade stocks?

Thanks, yeah I have got a few stocks. Just think Silver is a better buy right now. Also, you dont pay a penny's tax on your profit. You make money on stocks, its a pretty high tax rate. The tax rate on silver profit is 0%

[nobs]

Originally Posted by Glitch

completely 100 percent agree, get your hands on as much silver as possible. the commodity and the actual precious metal itself.

it also has many practical usages and applications. as currency, photography, fillings, silverware, jewlery, a powerful germicide and more. the price has risen and its only going to go higher.

Thanks man. Totally Agree. Silver is a great investment.

[EmpireMaker]

Originally Posted by GELATINOUS CUBE

were in Debt to WHO? The ARABS?? Screw em. Tell em to write it off and stop taking flights from Suadi Air or whatever.

What are they gonna do? Tariff Camel imports?

China also owns a lot of our debt

[EmpireMaker]

I don't think silver is a good investment, probably a better idea to get into something more scarce !!!

[nobs]

Originally Posted by Outlawdino

Interesting post Nobs, I have been investing in physical silver and some gold for a few years now. I remember my first 10 ounce silver bar that I bought...$6.34/ounce...and at the time my state did not charge tax on the purchase (it has since become taxable over the last year or 2) and if I remember correctly the premium at the time was 50 cents per ounce. My gold purchase was below $1000/ounce. If one is going to invest in these items they must make it worth their time...which is simple...get in a postion to do so which consists of getting out of debt and then purchase your gold and silver in volume and hold it for the "long term". I see nothing in the national or world economy that will convince otherwise. I now currently work in this industry. Most of the public thought gold was too expensive at $400, $600, $800, ect per ounce. Now, at $1100, what do you think the public thinks now? The dumb ones wish they could be in a debt free position to buy and the smart ones are in a postion to buy. I see it everyday at work. I certainly will not be surprised when gold sneaks to $1500...then to $2000, then on its way to $3000-6000 in a severe case. As for silver, it's just a matter of time. People in the industry talk of the "ratio" between gold and silver and how that ratio's gap has widened, so they are buying silver in hopes that the ratio closes so silver gains in value. I don't reside in that opinion because both gold and silver are rigged/manipulated thru markets (etf's and the comex). The true values will shine when the manipulation ends. These are just my opinions and experiences. I am in for the long haul myself.

Agree. That is why I prefer silver to gold. The current 70 to 1 ratio is way higher than it has historically been. But I agree with you, I expect both of them to rise. But as this deficit gets worse and worse, there will be a lot of common joes entering these markets and I believe most of the investment growth will be on the silver side.