What the heck would a CPA do with the money?
Buy silver futures. 25-1 leverage. You will make $1 million this year guaranteed.
But if it doesn't work you'll need to kill yourself
What the heck would a CPA do with the money?
Buy silver futures. 25-1 leverage. You will make $1 million this year guaranteed.
I have no experience with futures, but I see that you're bullish on Silver.
I recently read that JPM took over Bear Stern's manipulaterd short position on sliver. And then the whistle blower came forward. Then some people say that once the manipulation ends, silver may hit $50/$60 in short order..
you have any opinion on that ?
Silver ain't hitting $50.
Right now? Stocks. Everything is still down. Buy now and you'll be hardcore rich by the time the economy is going.
EVER? If you cannot give a timeframe, that's a pointless statement. The US dollar always and always will be losing value driving commodities up including silver and eventually, 5 years or 50 years, it has to hit $50 in my opinion.
Where did you get your information on silver when analysts saying that gold is not going to go much higher because the US market is on a recovery road?I'm bullish on silver short term but I don't think it will hit $50 in your lifetime and possibly "ever."
I'm bullish on silver short term but I don't think it will hit $50 in your lifetime and possibly "ever."
Inflation cuts the dollar in half ever 20 years. I plan to live 80 more years. Don't underestimate the power of compounding and the US government's ability to devalue their own currency to pay for debt.
Where did you get your information on silver when analysts saying that gold is not going to go much higher because the US market is on a recovery road?
IMHO, if you are interested in metals then it would make more sense to invest in copper, nickel, tin, zinc, etc...
Don't underestimate the uselessness of shiny metals.
Never heard of one.
Fear. As long as we have trillion dollar deficits with a polarizing liberal in office, no matter a "recovery" V shaped or not, the fear will be there and the metal bugs will push the price up. In a recovery, new money is created - and the money will flow to stocks, bonds, and commodities.
I haven't seen the Chinese buying any gold/silver in the last 5 years any where on Earth, but in the last 5 years (especially in the last 2 years) they have been investing heavily in minerals in Canada, Australia, Africa, and South America (not gold/silver).Fear. As long as we have trillion dollar deficits with a polarizing liberal in office, no matter a "recovery" V shaped or not, the fear will be there and the metal bugs will push the price up. In a recovery, new money is created - and the money will flow to stocks, bonds, and commodities.
Oh and the China wildcard - I doubt a world currency will be created, and Chinese have been signaling they will start buying non-dollar assets. I believe precious metals will be on the top of their list.
You like many others fail to see the great value and necessity of having a true currency.
Let me educate you. Precious metals exist and as long as there are markets and economics, will be in huge demand.
The demand for precious metals, besides the many industrial uses, which I'm not even going to talk about, is huge because precious metals cannot be created, they have to be discovered and they exist in limited and reliable quantities.
Precious metals are true currencies and because of their universal acceptance of value around the world. Everywhere you go, in every culture and currency in modern society gold and silver are accepted as currency. In a philosophical and technical sense, they do not serve a purpose, but because the entire world has effectively agreed to accept these metals are currency and storage of wealth, and because they cannot be inflated by governments, counterfeited, produced artificially, they serve as a defacto currency that crosses all cultures, governments, people, and modern generations. If a country fails, gold still keeps it's value. If a currency is inflated, gold keeps it's value. If you buy gold in Russia, you can sell it in Brazil. For this reason the entire world has accepted that gold and silver are universal currencies and there is an absolute and necessary need for a non-artificially produced currency that is universally accepted in order for the economies of the world to exist and continue. We cannot trust or rely on governments or fiat currencies.
Yes technically, if you stand back and think in a philosophical sense, gold and silver have little value. But in reality, the entire world for the last 3000 years has accepted these metals as "value" and our modern economies cannot exist without these. It's archaic and a simple way of doing things, but it's required.
Conclusion: It's not realistic to think gold or silver would ever lose value because of the requirement of modern economies for a non-inflatable and universally accepted currency. The only way gold and silver would become worthless is if the world was put back thousands of years in standards of living and economies did not require much beyond food, water, and housing.
The world would come to a halt without those metals.
Just remember to sell it when you're up. Don't be that one guy who's like "I just know it will reach XX! Don't sell it yet!" and it crashes, margin call, fuck.