Anyone know about silver?

Hello George,

I sold off many pounds of my silver in April of 2011 when it hit $45 an ounce. Here is a very small sample of the silver I parted ways with.



I am guessing the price will begin rising relatively soon, but I don't believe it will be near $100 by late 2015.

Cheers

-don

What are your thoughts on copper?

I KIND of agree with ForumGuru. I think the values of the precious metals have been manipulated, and it is hard to determine exactly when things will break, or which way it may go.

ALSO, since I am NOT the only one that knows the market, AS A WHOLE, is being manipulated, many are buying precious metals to try to hedge, and THAT naturally drives the price up. FURTHER, the US apparently %^&*()_. Maybe I shouldn't say it here though even Deutsche Welle reported it, but that will hurt the US and other countries are working to build up reserves again. And THAT artificially drives the price of gold up. THAT is one of the wildcards though! If suspicions of many are proven, the dollar will $%^&*(! That will not cause the price of gold to really go up. In fact, it will gradually fall. But if the dollar $%^&*(, the price of gold, in dollars, will skyrocket.

If the fears are unfounded, the US could easily take a few people on a little trip, and the front pages of every major paper would happily report that it was a stupid myth. It has been around for a few decades, but now it is being tested. The only ones allowed, BY LAW, to test it are the major world bank leaders, like Germany's. Even congress has fought to "audit" things. But the US seems to almost want to do the opposite. Happily such things for a country as large as the US aren't often front page news.

As for copper? IT will likely increase in value, unless things collapse, and countries and the like are forced to cut back. Copper would be FAR higher now if not for the coin clipping and use of lower quality metals. In the 70s, the US even tried switching the electrical infrastructure to ALUMINUM! It failed, and they had to stop. But copper is a utility metal. It is not often used for things like jewelry and the like because it easily corrodes. So its value is for things like electronics, some chemistry, a kind of SEMI precious metal because of THAT, etc... If you want to store it as a hedge, you will have to store a LOT of it. But it has almost noplace to go but up. As I said though, if things go bad, far fewer people will want it.

Steve

I once knew a stripper named Silver. She could be bought by the ounce, but that's an entirely different story.

It's a philosophical debate.

Most of the finance gurus touting a 500% increase are betting against the US Dollar.

If / when the $USD collapses, metals are going to skyrocket in value.



Will the $USD collapse? Are you willing to bet against the US dollar?

That's the real question you should be asking yourself.

Goldman Sachs has warehouses in Detroit where they hoard tons of aluminum to control market prices based on their own needs. Google it.

Okay - this is a subject I'm familiar with, being that Idaho is the world's 3rd largest silver producer.
Not sure how prices will go, but silver is a good investment if you ask my advice......only not just the silver. Buy stock in US silver processors.

Idaho was outsourcing all its silver off-shore. A couple of years back (I think 2008 when the dollar started getting real edgy) Idaho stopped outsourcing silver processing and put up a bid for someone to build one up around Shoshone county - or close to it, can't remember the exact location, but up by the northern silver mines. The deal was that whoever built the processing plant would pay no taxes, personal or business, for twenty years. Idaho is producing their own ingot now (coin) and it is legal tender in that state to pay any gov fee in silver at that day's rate of silver. In other words, when the rest of this economy crashes, Idaho is set up to start using their own currency. There's a state on the Eastern coast that is as well, but I can't remember which state - which metal.

Okay Copper. Recycling efforts are being elevated for copper. There is less than a decade of it left underground and it's necessary for our way of life - at least until someone figures out how to replace it with something else, if it can be done. This is a resource that may cause wars before too long. I save EVERY penny I find that is old enough to contain copper, any trash I find that is copper (such as old wires), I take home. Copper is an investment, but for investment, a little bit to copper recycling might be a good way to go, too.