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Started By
Message
re: $1,500 Gold Just Passed It
Posted on 4/20/11 at 3:05 pm to LSURussian
Posted on 4/20/11 at 3:05 pm to LSURussian
quote:
You lose lots of wagers, don't you?
Not this one though.
1
Posted on 4/20/11 at 3:14 pm to joshnorris14
What's the bet? How much silver did you buy two years ago? I can prove how much in stocks I bought. Let's compare profits on our portfolio. Bet?
Posted on 4/20/11 at 3:19 pm to LSURussian
My profits in silver will pale in comparison to your profits, but that is due to me being 18 years old, in college. I won't even get into how much I bought (I don't want to come off as some douche who is impressed with what can be equated to chump change for someone such as yourself).
But, what I said is that you would've profited more if you had invested that money in silver last April than you did investing in whatever equities you did two years ago.
But, what I said is that you would've profited more if you had invested that money in silver last April than you did investing in whatever equities you did two years ago.
Posted on 4/20/11 at 3:21 pm to joshnorris14
quote:So you do most of your non-investing by using hindsight?
you would've profited more if you had invested that money in silver last April
Do you think silver is a good buy now?
This post was edited on 4/20/11 at 3:23 pm
Posted on 4/20/11 at 3:24 pm to LSURussian
quote:
So you do most of your non-investing my using hindsight?
Do you think silver is a good buy now
No, I invested back when it was around $17/ounce and I expected these kind of returns (although I expected them a little more long term).
I think it's a very safe investment and I could see it around $65-$70/ounce this time next year.
Posted on 4/20/11 at 3:27 pm to joshnorris14
quote:Bookmarked. See you in a year.
I think it's a very safe investment and I could see it around $65-$70/ounce this time next year.
Posted on 4/20/11 at 4:56 pm to GumboPot
quote:
Seriously, if the Fed terminates QE2 in June and does not start up QE3, PMs should level off for a good while?
If that happens, it'll be really bad for the U.S. economy. It should be a great time to buy some more precious metals on a correction of, say... 20-25%.
Posted on 4/20/11 at 4:59 pm to LSURussian
quote:
I think it's a very safe investment and I could see it around $65-$70/ounce this time next year.
quote:
Bookmarked. See you in a year.
This should get interesting.
I predict triple digit silver prices a year from now. I'll bet on $130-50/oz this time next year.
Posted on 4/20/11 at 5:01 pm to goodgrin
quote:Please explain why it would be bad for the U.S. economy. Thanks.
if the Fed terminates QE2 in June and does not start up QE3, PMs should level off for a good while?
If that happens, it'll be really bad for the U.S. economy.
Posted on 4/20/11 at 5:30 pm to LSURussian
quote:
if the Fed terminates QE2 in June and does not start up QE3, PMs should level off for a good while?
If that happens, it'll be really bad for the U.S. economy.
Please explain why it would be bad for the U.S. economy. Thanks.
When QE1 went into effect in Nov. 2008 and ended in 2009, did it really help the economy? No. Why? Did unemployment drop? No. It was still staggeringly high, even by the official government number of 9-10% when it was closer to 16-20%. What's the real unemployment rate?
Home sales are dropping like there's no bottom, businesses are borrowing less money, individuals are borrowing less money. Stores (especially restaurants) are closing left and right.
The Fed in a desperate attempt to pump up the freaking economy has failed miserably. They did not build the economic recovery on solid financial principles, but rather on new debt creation.
Whether the Fed ends QE2 or continues it via QE3, the end game will be bad for the USD.
Foreign dumping to continue to send the USD lower
But, it'll be sweet for those in precious metals and commodities!!!
JP Morgue shorting silver causing silver spike.
Posted on 4/20/11 at 6:48 pm to goodgrin
quote:Why? Nothing you've written is convincing yet.
Whether the Fed ends QE2 or continues it via QE3, the end game will be bad for the USD.
quote:
businesses are borrowing less money, individuals are borrowing less money.
quote:Do you view those two statements as being consistent with each other?
They did not build the economic recovery on solid financial principles, but rather on new debt creation.
Posted on 4/20/11 at 8:23 pm to goodgrin
quote:
When QE1 went into effect in Nov. 2008 and ended in 2009, did it really help the economy? No. Why? Did unemployment drop? No. It was still staggeringly high, even by the official government number of 9-10% when it was closer to 16-20%
Meh, there is really no way of knowing if it "worked." You could make the argument unemployment would have gone down at a faster rate, along with other macroeconomic indicators, had QE1 not occurred. Would that have been the case? I would guess no, but you can't really tell me one way or the other.
Posted on 4/20/11 at 9:06 pm to LSUtoOmaha
The contradictory nature of multiple statements within multiple posts makes it hard to take with more than a grain of salt.
Posted on 4/20/11 at 9:37 pm to kfizzle85
Agreed. It looks like we have another blog reader on our hands who wants to appear knowledgeable by repeating buzz words and phrases without understanding a bit of it......
Posted on 4/20/11 at 9:45 pm to LSURussian
We're getting overrun with poliboard crossover and PM bugs and alters man. Kids these days.
Posted on 6/4/11 at 1:42 pm to LSURussian
quote:
Bookmarked. See you in a year.
Bump to say:
After with drawing my head from my arse I realize how idiotic of a statement that is and how my bullish view of commodities seemed to get in the way of the fact that the massive credit expansion blew up bubbles in every asset class. There's no why we will see enough inflation to get to $65-70 silver after we see a liquidation of the toxic assets.
Posted on 6/4/11 at 4:53 pm to joshnorris14
quote:Correct opinion but for the wrong reasons.
After with drawing my head from my arse I realize how idiotic of a statement that is and how my bullish view of commodities seemed to get in the way of the fact that the massive credit expansion blew up bubbles in every asset class. There's no why we will see enough inflation to get to $65-70 silver after we see a liquidation of the toxic assets.
You'll learn.......
Posted on 6/4/11 at 6:05 pm to LSURussian
I saw the Florida fan icon, and for a split second there I thought that Rivers had admitted that he was wrong. That would have rocked my world.
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