"The Decade of EPIC Begins"
fuck nia who are they anyway, faceless. We know who you are and how you help.......FUCK NIA
O c'mon anyone who has been in this game knows that was a pump and dump...it was the first thought that came to me when I saw your post a few days ago. These guys have really done a lot for this community but Schiff has been with us goldbugs for much much longer and I have a lot more respect for him than I do for that 20 year old running NIA.
Given people's greed, nothing would stop what happeed to MGP's price action last week. All NIA needed was a disclaimer at the bottom of the email/website that said "from time to time we are compensated for our research/recommendations and/or may have a stake in the company." No one cares to DYODD anymore, they just want hot tips to make a quick buck!
Hmmm...is it not sooooo interesting that when those that are attacked concerning their guilt come back and blame the attacker...getting a little close to home...my understanding of NIA is that they have much to be forthcoming with...and yet attack...attack...dropped their emails over 6 weeks ago as something just did not feel "kosher".
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WTF - is the POSX going to $1.30? Every time I look that POS is rocketing up while they're printing a $2.4 Billion per day. Is the Iran war already factored in and 20 military camps at every Arab Oil depot? Does not make any sense unless all foreign oil is going to 5 bucks and Wall Street is opening franchises for the price of a Star Bucks latte.
With so much need for silver in industry, it seems to me that its going to be impossible for silver to reach highs over $60-$80/oz. Nobody using silver for their products are going to pay for $80 silver knowing its only going to increase the production price and have a higher MSRP tag on it at best buy. These products with silver in them are only going to get higher in price, and people are not going to buy it. If nobody buys it, industry will be forced to find an alternative metal that can perform almost as well as silver, but wont last as long, therefore people wont buy them knowing they are made of shit. This will cause all silver mines to explode at full force in order to increase the above earth quantities of silver, in turn lowering the price of silver to a more manageable price. Silver is in a "Catch 22" right now, and will be for awhile, at least until it is proposed that silver really is money by the masses, and does not get used for any industry. Gold is money. Its a fact. After seeing the manipulation of silver on May 1st/May 2nd, and NOBODY fixing this problem (and they wont), I have no choice but to sell all of my physical at current prices, and convert all profits to pure gold. I am going to wait until the end of summer before doing this, and will continue to keep stacking the devils metal, and if this market doesn't accept that Silver is Money, I will be forced to trade it, like fiat currency, for true time-tested Gold.
"Jesus" is right.Tit tat.NIA's got nothing on Schiff.
Waste? If he steered even one naive newbie away from e-Trade-babying away his hard earned dinero, the guy has done a public service. http://www.youtube.com/watch?v=W4hfdaC7eL4
Schiff handed them they ass and exposed their back door secret deal.Horsyguy Likes Schiff
NIA is a JOKE. That fat fuck George 4 Title is part of NIA and he is a total scumbag. NIA=SCUMBAGS.
I like that George4Title, he is funny in a pathetic sort of way - kind of like watching Jerry Springer.
Not sure if you've seen this one but here are 2 wise men in Silver. Bottom line is Relax we have many years to go in this bull and a long way to go with valuation: Great video - John Embry and James Turk: http://www.youtube.com/watch?v=QX-9U86XFJI
Im afraid highrise has a valid point....Should I be exchanging my silver for gold or keep all the silver and just buy gold from now on?
what are we in high school again??? jesus christ.... I have to deal with this shit at work all day. who cares
Just noticed that Utah has legalized gold and silver eagles as legal tender, and has exempted them from state and local taxes. http://dailybail.com/home/video-going-for-gold-utah-legalizes-new-currency.htmlhttp://www.activistpost.com/2011/05/utah-legalizes-gold-silver-coins-as.htmlThis may be the beginning of the end of the FRN.
"These products with silver in them are only going to get higher in price, and people are not going to buy it."May I ask what suitable substitute they will use instead?
> May I ask what suitable substitute they will use instead?Keynes says you can use an IOU. LOL!
SGS- They could just use copper or even a copper silver mix. It would still produce plenty power to the circuits, but wouldnt last as long as far as the prolonged use of the product. All im saying is, that with the main use of silver being industry, and the main use of gold as an alternative to paper money, there is no way technology can proceed cheaply enough by not using pure silver. So as soon as the price gets high enough, they will switch for a few years, the price will crash, and we'll do it all over again. Dont get me wrong, Im a silver stacker, and im in it for the long run, have been for 5 years now, but im just getting a little edgy with the recent unpresidented theft that occured last month with silver in general. Its bullshit. Keep stacking no doubt, just be weary in the next 4 months. If shit doesnt take off by then, I doubt we'll see any sort of double digit price numbers in sliver whatsoever, until some serious shit goes down and we hang these fuckfaced bukakke lovers on their front lawns.
There is no need to find an Ag substitute for consumer goods--especially technological goods. I challenge you to find a single consumer product that isn't completely price inelastic to an order of magnitude change in the price of Ag. In other words, there isn't enough Ag in your average consumer product to impact price significantly. Your average ipod has pennies worth of silver in it. Even if the price of silver went up 100X you would only have to pay a few bucks more for your next ipod. Any other electronic device would have a similar negligible relative price increase.......Silverware doesn't count.
Highrise, I think you are wrong considered that silver probably will be used both in electric car batteries, as well as expensive high-tech industry due to its superior conductance.Silver also has superior optical properties, when it e.g comes to building solar power plants w\stirling etc, something I believe will boom in the future.Solar dishes can produce hot water\electricity even in the winter here in Sweden, and also during cloudy weather in the summer. = The win, over wind power.The one that said that Comex swapped 1.2 Billion ounces, please provide I link, I was kinda disturbed about that 'rumour'(?). And at last, the superior neutron capture cross section for silver is yet to be surpassed. What if we enter another nuclear boom era 4.0, after these shitty old v 1.0 nuclear power plants are to be decomissioned? Guess what material that will be coveted the most except uranium..I have sold my paper silver puts, with a loss, however outnumbered compared to the fiat I made on my DAX\Nikkei puts yesterday, and Im considering to enter the upwards game again on a small level, if the ticker keeps upping the ante a little more.The only properties of gold is that it's heavy, durable and stops gamma rays and neutrons. But it don't see any large scale industrial use of it anytime soon due to its scarcity, i.e price\performance, cause there are other metal alternatives.Peewh, the pacific released a 5.9M in Japan, some 4 hours ago, after a massive 11h build up, and since they are hardened as hell, that probably didnt even wake up their babies.:)
@Yousif: The price of items containing silver will go up, but that will be offset by the fact that FRN goes down in value, offsetting the price difference is a matter of general inflation: some items will become more expensive (oil, food, electronics) and some stuff will be cheaper: expensive houses, unneeded luxery products, cars with high gas millage. Industry will try to replace expensive silver with for example other materials, for example in solar pannels, you can substitute it with more copper. I've aided the depletion of the market last week by putting 61 pannels on our roof ;-)In general, more expensive silver means more expensive products means higher inflation and will keep devaluing the FRN
@Yousif: it seems inflation is always running a bit behind on the true devaluation of fiat money, because it takes time to update prices (and some vendors like to take a hit, not immediately charge their customers extra in fear of loosing business), so if silver and oil double, prices of derived products will double, but it might take some extra time. I guess it makes more sense to stop thinking in terms of EUR or $USD but ounces for the future... in that case, prices should stay stable ;-)
I just dumped my oil puts, cause both in near and long run, the chance of oil prices moving upwards are so much greater than them moving down, something I also think is supported by the major recent fall in commodity prices only affecting oil a wee bit.Sure, being without "insurance", I will take a big hit if oil prices fall in the near term, but that will only make US to wage war on "terror", sending the oil through the roof in a matter of weeks. I will be somewhat Martingaleing the oil price from now on, and buy physical silver for the earnings.In other news: I sure hope that the Canadian Stock Exchange and them silver miners wont tank totally today, since the rest of the world is in fact up slightly.