What are you waiting for – Buy Silver
Friday, July 9th, 2010 at
2:38 am
I told you to wait for a price drop. Ted Buttler was surprised by this price drop. I was not. Now look for a rocket ride past .50.
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Tagged with: are • buy • for • silver • waiting • What • you
Filed under: Gold
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I need to vent!
WTH am I to do with these mining stocks I bought 2 months ago that are down 40%?
URGH!!
Don’t buy something going up.
Buy it when it’s going down.
If you ever want to buy something when because it’s going up, just wait for it to collapse in price it will eventually.
I told you that silver could go to $14.50 and you did not believe me.
When did you say that and what info did you use to predict such a turn around?
silvr is crashing again, i wouldn’t be surprised to see 10 dollar silver by next month again…
There is not data in the charts or technical analysis to support such a hypothesis.
what was the data late in 08 when it got slammed to 8.90 an ounce? I remember a lot of pm analysts just scratching their heads, stumped…
So what are you saying you have access to inside information on the silver manipulation?
Hey where where you at $19.20?
I made a comment under this name on your video entitled “Hold until Gold $1100 or lower and Silver $17.40 or lower”. I used the information of the biggest banks tripling their short positions right before it started falling and from my local dealer’s advice. I posted the comment in early December.
People hold on to your silver. China didn’t boost credit expansion in 2009 for nothing, it was the civil unrest and riots from the rising unemployment that spooked China to boost credit. Granted prices went down to $9/oz before it started creeping back up, but what China did in 2009 is proof that the credit contraction can’t remain long and thus silver prices can’t remain low, so when prices drop I advise you to BUY BUY BUY. Keep your savings in physical silver.
The first silver I bought I bought at $28/oz, they were silver eagles and I bought them in 2008 just after silver hit it’s $21/oz high. Since then I’ve been buying like mad to get out from being underwater. I got out from being underwater back in September 09 and I kept track of every cent I spent on every ounce of silver and today my average dollar per ounce silver is $16.39/oz. So take advantage of the price drop. Physical Silver is insurance for just in case the US turns in to Zimbabwe.
“This year is a waiting game. There are so many choices we must make, and the paths we will take from those choices vary wildly. But make no mistake, we are coming close to the end game. Some countries and economies are closer to that point than others, but the entire developed world is lurching, in almost drunken fashion, towards our economic denouement.” John Mauldin’s
Thoughts from the Frontline
Will it be deflation or hyperinflation ?
Make the wrong decision and loose everything.
@Numonic7 Good move. To average down.
Please! deflation is when comes to prices is so that the idiots can sell everything and buy dollars while the bankers with money they got from the printing pressing can buy up shit on the cheap.
So you buy dollars and pat yourself on the back when prices are cheaper and I will sell dollars for gold and silver on the cheap.
CUZ buddy there no way in hell that the 100 trillion in unfunded liabilities is not coming from a printing press.
a lot of people exchanging federal notes for silver & gold.
the same government assigns the value to both paper notes and precious metals.
gold and silver only works if the fed res bank goes away
most people are gambling on the precious metals market just as the people who gambled on the housing market
is this a precious metal bubble?
I want you go to the mall and ask people where is the best place to buy a home to make money.
Then ask them where to buy silver to make money.
When your cab driver is giving you tips on buying gold and silver, it’s time to get into another asset.
Me personally I will ride it for ever because it can never go to ZERO and it’s price is always relative to everything else EXCEPT when it’s in a bubble.
Buy on the dips from the dips that sell.
sure, you’re right gold & silver have value and will have long after federal reserve notes are burned or buried, but until that day comes, all the values are rated on those federal reserve notes-the U.S. dollar.
So, if you’re thinking collapse of the dollar thus the collapse of the American economy then I suggest you buy a gun and lots of bullets instead of gold, cause the poor get cranky when they don’t have food.
Well if you think a system based on expanding debt into infinity will work did not learn about the power of compounding interest.
Hey did you know that this year Social Security has gone negative? And the government says it will only last for 2 years then go back to 2017 based on rosy projections.
LOL
Man no offense but, people like you must have something wrong mentally, it does not make any sense what is going on and yet you insist that it will all turn out ok.
It’s strange based on your comment it suggest people should do nothing because if it did get that bad I will die anyways.
What kind of logic is that?
never suggested it was okay or that it would turn out okay. I suggested buying guns and food. But, I see your point in shoring up assets and buying a precious metal is a way to do that.
Also, the system, everybody loves to hate(including me), is the same one we rely upon in many ways. Self-sufficiency slipped out the back door a few decades ago. We will need to return to this.
Well then, I agree with everything you are saying.
Silver going down to $10/oz would be just as beneficial to me as if silver went up to $21/oz. I’ll buy allot at $10/oz and bring my average $/oz down and then when silver rises back to $19/oz I will complete my goal by selling enough silver to make all the money I ever spent on silver back AND still keep a sizable stash (1,000 oz) for insurance against a currency collapse, basically having 1,000 oz of free silver. The worst that can happen to me is for silver to hover between $12/oz and $16/oz
Hey davinch15, I just found your channel today and these are some of the best videos on silver I have seen on YouTube to date.
Check your local pawn shops! After the latest downturn people in my town have been dumping silver…more for me!