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 Ya Gotta Love These Guys, They’re Hilarious
$17 Trillion in debt, $200 Trillion + in unfunded liabilites. No way out ‘cept through printing. Worldwide. And silver stays stuck in the low $30′s for 2 years? It’s truly hilarious. PHYSICAL Ag remains a hilariously undervalued, tangible asset and opportunity for those in the know.
35 comments to Ya Gotta Love These Guys, They’re HilariousLeave a Reply |
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When my average buy price is in the low 40s and knowing I am down 25 percent it is flat out depressing. I woke up in 2011 during the rise and got in fast with all the so called experts screaming it was going past 50 and beyond imminently. I went all in. Now I see these so called experts telling people to buy now and take advantage of these prices. Easy for them to say with their incomes. I am not saving any money these days because of reduced hours at work. I can’t buy. So I have been waiting for the price to climb to snap me out of worrying and losing sleep. Meanwhile, the stock market continues to climb. Wish I did not wake up until now. Sorry, just had to vent.
Many of us feel your pain Dan. This is a neat system. It turns truth tellers into “conspiracy theorists” and supporters of Ron Paul and the Constitution into “tea baggers”. It refers to endless unconstitutional wars of aggression as “spreading democracy” telling us that our “enemies hate us for our freedoms”, as it turns the “homeland” into a battlefield in which the people themselves are the new enemy. Meanwhile the Banksters who stole trillions get multi-miliion dollar bonuses. It’s the peak of mental illness before the collapse of every civilization. And it sucks for everyone with a soul.
Bravisimo!
Sean,
I hate to be the asshole in the room today and do appreciate all your work on this site but just need to vent. Some days when I scroll through the SGT site I swear I feel like I’m standing in the checkout line at the grocery store looking at racks of useless tabloid headlines…. crap! Many of your entries are interesting and useful but many are not worth the time it takes to read them. Many are just recycled, regurgitated conspiracy theory bullshit. Does SGT have a mission statement that specifies what topics you will post….and is it researched and confirmed or just someone else’s re-packaged crap?
Had you invested in bitcoins back then you would’ve made multiples of your money already, just this last 6 months or so you could’ve doubled your money.
So, the real deal is this: you shouldn’t listen to other people when investing your money, Jim Rogers always says that, invest in what you know. It seems you did not know how volatile the silver market is, especially to go all in at once.
I’ve been cost averaging, so I did buy some at 40′s but before that I bought in the teens too, so it will average itself out in the long run. However, another problem seems to be that you may have committed yourself to too much, as you should be able to buy small monthly purchases if you’re not totally over extended.
Lastly, your example is a good one for diversification. I too lack some much needed diversity, I was planning to buy some bitcoins for just that but decided against it and bought silver instead, now I could’ve had double the amount of silver if I had bought the bitcoins first and then moved that money into silver.
What really sucks is when you have money to buy it goes up, when you need to sell it goes down, life’s not fair, neither is silver.
Didn’t mean to sound preachy if I did, just lessons I’ve learned in the silver market myself. Mistakes happen to us all, some are just more costly then others.
keep playin that bitcoin game, no different than the stock market.
just keep gambling…
Honestly, I haven’t bought any, though I keep thinking I should, as the price continues to go up while other things flounder. I should point out though that silver is a traded commodity, so essentially you’re playing the commodities market in substitution for the stock market. Both are crooked and owned by big financial corporations while bitcoin isn’t, it’s owned and created by average people. I think you should open your mind to the fact that all investing is a gamble, some better gambles than others.
Dan, you sound like a good contra indicator. Let us know when you throw in the towel and sell your silver at a loss. That will be when the rest of us will buy. And when you decide to buy back in, that will be the top and time to convert the silver to hard assets. I’m just messin’ with ya.
Don’t loose sleep; sleep well knowing you have some real money tucked away in case you need it which is more than those with only a 401k will be able to say. Trust the signs that real money is what you want to own – price controls in Argentina, devaluation in Valenzuela, inflationary recession in Europe, currency wars, every central bank printing money and holding interest rates well under inflation rates. These scenarios take years to play out but they never end well.
Read When Money Dies by Adam Fergusson, and Currency Wars by Rickards to get an idea of how these things have played out in the past. It will suck for everyone when the SHTF, even the prepared. You can never feel prepared enough, but even just being awake without enough preparation will help you make better decisions that most people who won’t even know what hit them.
And if the central bankers can pull it off and save the world (yeah right), and all you have to worry about is a 25% loss on some silver, then I’d call that a win also.
Empathy is key. I empathize with how Dan feels. It’s been a tough road for 24 motnths.
Dan. Silver is used in tech. Why? Because nothing else will do. Currently, imo, tech is used to A. enslave people. B. Kill people.
They keep the price low because they need it to do one or the other… because we are not that valuable to them. We have just been smart enough to use it to communicate the things to one another like here at sgt.
If you are still feeling bad, go read Chris Duanes “The Silver Bullet and the Silver Shield” and anything written by SRSrocco. These guys give you the real low down on Ag.
Silver has been shit on. The cheap price of silver and the highest tech ever created by man that MUST have it is the biggest fucking oxy-moron on this planet today.
These guys have done the research on where silver comes from, the tech, the energy, the labor, the history to what it takes to put it in your pocket.
Frankly, if you put a silver eagle next to a gold eagle the only difference to me is the color…both come from the earths crust, they get from A to B the same way…So in this lie that we are living I will continue to believe that they are the same value in my tiny little mind.
You are one of damn few who have it…stay long brother, you will not be disappointed.
“don’t go down without one helluva fight.”
Don’t loose your faith,your original decision to buy Silver is still legitimate.I’ve been in Silver Bullion for 12 years and am up hundred’s of percent over that time and have endured multiple long pull-backs during that time.I’ve never lost sight of my convictions, which I know/Am absolutely positive that Silver will trade to at least $300-$500oz or higher,just like Palladium use to go for $25oz and now is going for $725oz.You didn’t make a bad decision,just your timing was not optimum.When this rocket blasts off and it goes to $70 then $100oz you will feel very vindicated.The main thing is,do not sell when it returns to $50oz.This 18 month consolidation will appear a a tiny blip several years from now.
Dear Dan,
Wait for $33, and sell enough to live a few weeks. Hang in there, rumor is, that the brics are going to stage a intervention for the printing junkie US, at the G20 meetings, this month. If the US walks out, it may all be over. Console yourself with the fact, that a troy oz of Ag is inherently worth much more than forty FRNs, with likenesses of the George that didn’t suck.
Well, I’m not laughing. But the manipulation is not bothering me as much as it used to. It may continue for a couple more years.
SGT, while I agree that paper manipulation is a factor albeit small and industrial consumption renders half of the annual production into scrap sometimes unrecoverable, the miners arent complaining with you. At 7-12$ troy out of the ground cost and an unlimited potential to ramp production, they have no reason to complain getting 200-300% on what they produce. Which is obviously keeping up with demand. Or they would produce more. At a crustal dispersal concentration of 63 to 1 on gold, and the gold to silver ratio at 55 +/- 2, Id say theres still room to go down. You are a smart man, you ask a lot of questions. But sometimes who you ask is just as important as what you ask. Ask a bullion dealer or phys asset fund who survives on premiums and theyll tell you that silvers undervalued and running out. Ask a mining company or a geologist (me) and youll likely hear a less devastated opinion. Why dont miners just refuse to produce at these ridiculously low levels, dry up supply, drive up price with demand, and start making more money? Because, there is no shortage, and at these low price levels, theyre still making enough to expand and produce and profit. I wish youd do an interview with a geologist or and actual mining firm as opposed to bullion pimps. Just a suggestion. Always a fan and I check your site over Drudge any day.
Guess I dont merit a response from the SGT because I dont toe the line on the buy or die mania. I buy silver to preserve the money I do have from the effects of an understated inflation rate. I never post on any sites and I dont do facebook or whatever. Stupid narcissism. But if I cant get a response from a guy with a 10,000 person audience because I want him to look at the production side of an argument (extremely Austrian concept economics) as opposed to demand side (Keynesian, those you lambast) then why bother at all? Go ahead and sink it all in silver at whatever price no matter what production versus demand shows, no matter your debt or your kids. Itll go up to 200$ I promise, look at these charts…by the way, I just minted a new silver medallion, buy them at the low premium of 2.99…same price you can get Eagles from Apmex or Scottsdale or any LCS…I promise JP Morgan will crash and well be able to buy a million acres of land…some day. If you wont be able to maybe you kids, or your kids kids, or your kids kids kids will be able to.
Demand can not be ramped up or it would.It takes a decade to bring a mine online at the same time other mines are depleting.A mining operation has to pay the bills,that’s why they just don’t with hold production,it’s a business not a hobby.World production of Gold (waning) and Silver(peaking).
Thats a blatant lie. Sure I agree inferred projects can take up to a decade to fully develop, but if there wasnt perpetual discovery and pre development of inferred sites, where would the miners go when one mine started to die off…thats when theyd start looking is what youre saying? There would be a lapse in production because these miners didnt have the foresight to know that their proven sites would run out…? Simpleton. Only a few companies are dedicated silver miners, most are by product of other industrial metal sourcing. If a hundred miners all of a sudden decided it was time to switch to sole silver production (say when it hit…45$ an ounce because it would be super duper profitable), they would flood the market and crash the price and wouldnt be able to get the massive mark up they enjoy currently. Theres a reason gold production is dying off…demand is dying off. Theres a reason silver production is “peaking” because if they produce any more they will flood the market and depress prices and lose profit. They are meeting demand perfectly. What dont you get about supply and demand?? I guess your economics education is a product of you tube bullion pimps. Dont worry. Your 47$ an ounce investment will only take 30 years to break even, just like 1980 to 2011!! Good luck. Keep stacking…when its really cheap, not when a bullion pimp says its cheap. Pan Am silver, the most expensive producer at 9$ troy…historical mine to market…250-300%…. Soooo 27$ looks good to me. Look at your 5 year chart. There has to be a reason there is a repeat touch bottom at 26$…couldnt be because thats fair equilibrium…..must be “Strong Hands” Sprott supporting that target all by his lonesome…
Here is probably they are attacking. Check out Open Interest!
The total silver comex OI rose another 1742 contracts and still remains well above the 150,000 mark.
The total silver comex OI rest tonight at 152,817 rising from 151,075 yesterday. We are almost at the same level of OI when silver was trading at $49.00 a few years back( just shy by 2000 contracts). The non active contract month of February saw it’s OI rise from 35 up to 72 for a gain of 37 contracts. We had 6 delivery notices filed yesterday so in essence we gained 42 contracts or 210,000 additional oz of silver will stand in February. We are now 2 weeks away from first day notice in the all important March silver contract. The March OI fell by 3030 contracts from 61,677 down to 58,647. This level remains highly elevated and the rollovers to May are not happening fast enough for our bankers. The estimated volume today at the gold comex was tame at 35,662. The confirmed volume yesterday was better at 52,941.
Come on guys, I’m fed up of just sitting here moaning every time they decide to crush the price down. There must be something we can do to help each other on here, we have a group of very clever switched of individuals on this website and with that collective brain power there must be some way of turning the tables in our favour apart from sitting on our stacks and waiting for TPTB to give up.
We need to get our thinking caps on and find a way to stack the odds in our favour for a change, it’s time we made use of what we have on this website instead of being passive observers waiting for our time to come, let’s go out there and grab it by the balls.
There must be a way we can play this crapshoot to our advantage, all ideas welcome.
*Should read ‘Switched on’ individuals. (Damn auto correct)
The only thing that will work is to establish our own price setting mech. for gold and silver. Then agree to only buy and sell each others business goods for it. Frankly GATA should be doing this and pushing the miners to only sell on thier exchange. Then watch what happens to the COMEX.
From one Dan to another. I too got in late in the game and bought in the 40s, only to see it go down 40%. I don’t sweat it because:
a) I also have bought more recently in the 20s/low 30s, so I have cost averaged down some.
b) I bought silver mostly to leave to my children and grand-children. That’s tax-free, under the table wealth for my progeny.
c) Should I still be alive when silver goes to the moon (which it some day will), and hyperinflation becomes a reality, I will have purchasing/bartering power should I need it. I have substantial “junk silver” for smaller denominations. I recommend everyone own somer of the 90% stuff.
I am by no means rich, but I own my home and cars, I have several pension/IRAs/403Bs/
Social Security (if it’s still there), so I have planned well and should have lesser needs Lord willing when I get older (I’m 57). I consider myself in good shape for the future no matter what (provided the PTB don’t exterminate us first).
If I could give you or anyone any advice, silver is not a one-hit wonder (maybe gold is, but not silver). You still need to diversify by owning other hard assets. I was fortunate to be at that stage when I started stacking silver. Hang in there Dan. If you have silver of any fair amount, you will still be better off than 99% of the others who have none.
You’ve got it right! + 1
The only way for this to stop,is for the miners to stop!!!
the only way for this is “one china biz man buy all silver around”
Silver will be the worst investment until it becomes the best investment ever. Then you won’t be able to buy any. I still feel better not investing in their paper ponzi scheme where they use my money to enslave me. Stay strong.
To hide the fact that they are counterfeit printing fiat they must hit the paper value of gold and silver which is the antithesis to their devaluation of the currency. Sir Isaac Newton who happened to be master of the Royal Mint knew that each action has an equal and opposite reaction. The bankers fear this as they are engaged in treason against humanity. These are desperate times for the chosen as their master plan unfolds to destroy all productive wealth to be bought back at deep discount. Rothschild in the battle of Waterloo used carrier pigeons to bring him news first of the outcome, he then went counter by selling stocks and he sheeple followed thinking the war was lost., Rothschild then bought back. The war outcome caused stocks to soar and Rothschild became the vilest wealthiest in the planet. Nothing changes apart from the mode of operation of these blood suckers.
Dan, quit sweating it big guy. While I´ve been buying PM´s since late 2006 (only Gold at first, but since mid-2009 mostly Silver), I realize how you must feel. Although my cost average on AG is just over $16, I actually bought 4 SML monster boxes at $45/oz (yeah I know over $90k – pretty depressing). I suppose you can tell by my cost average that I´m not a poor man, but you know what? Enough is never enough, I want more time to keep stacking and enjoy what life has to offer right now. To this day I always start to sweat it everytime PM´s move up sharply – thinking ¨This is finally it!¨. Then everytime the price goes back down I relax and finances permiting I buy what I can (I´m looking for $30 tommorow to buy another monster box of Philharmonics at JM Buillon). Dont let the MSM BS and the trolls get you down, the fundamentals are ALL there – The debt IS unsustainable, fiat WILL colapse, its just a matter of time. Instead of worrying about what you cannot change (like having bought silver in the forties), take the opportunity and use the oportunity to keep preparing for what will surely come to pass. Although it would obviously be nice to have bought at a lower price thereby allowing you to now have more ounces, what is done is done – deal with it! Buy more PM´s when you can and hope that governments manage to drag this out for many more years to come (although I personally cant see that happening) using whatever time we have to increase your stockpile. One day the profit difference between $16/oz and $40/oz will be negligible. Chin up and good luck!
Is a geologist a troll? Is someone who also holds a Box a troll? Is someone who buys dips a troll? Wake the fuck up. 95% of this population will use FRN till the government tells them to use another currency. Would it matter if our money was peanuts represented by digital figures in computers? No different than if our money was silver in digits on a computer. Almost all transactions are conducted by debit/credit cards. So youre going to put 5 Boxes in the bank to load your debit card? Same situation as if your FRN was there. Youre going to barter? What if I grow tomatoes and I dont want your fucking silver? FRN is an idea, a perfect medium that all can trade for any good/service worldwide. Why would the sheep give that up to have metal which only you “enlitened” gents had the foresight to hold?
Max keiser and John Williams say that it will begin to be over by April and May?
I agree these two individuals and others,due to the effects of the BRICS and the PPT, Dollars will begin returning to the US in the form of Inflation at about that time. Also, we’ll see what happens to the Petro-Dollar by that time.Big Inflation/Devaluation is coming!
I bought all-in in 2008 when physical was $14ish, but paper was $8 – that’s a hell of a premium. It hurt and when the physical price dropped to $12, I was a bit bummed out, but I knew it wouldn’t last. That push-down popped up after a year or so. Now, I’m awful glad I did.
Same game with different numbers. Buy and FORGET! Silver is for when the paper fails. It’s not an investment in the current paradigm. And it will fail. Study Minsky’s instability hypothesis. It’s spooky how accurate it is.
A few things, and I hate to target you Dan, but I gots too!.
How many oz of silver did you buy when you went all?
How many oz of silver do you still have?
I, like you bought at the near market top, spent all my college graduation money on 71oz. Literally the next day, I lost 1/3rd investment. Market started climbing again post may.
TAKE THAT YOU #$!%ing BANKERS!
September rolls around, and, shit. 50% of investment gone.
Pissed off, frustrated, this SGT guy, BrotherjohnF, and Max Keiser are real assholes, propping up silver’n'shit.
I didn’t buy any silver for over a year, price hits, $27 this year, pick up 71oz, goes to 34, back to 30, pick up 71 more silver…
Case in point – buy low, sell high. Stop kicking yourself in the pants. You should have every single oz of silver you have ever purchased.. Where is your loss? is it a physical loss? an emotional loss? financial? monetary? You tell me, i’ll keep stacking, even if the face value is worth less than the price of the physical..
Got silver?
We all have two perfect examples of what Gold & Silver will represent in the future,Think Venezuela and Argentina.When the Dollar is devalued 40-50% overnight down the road,the jig will be up for paper and it will be Game On for G & S.