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Post by Rockoonz on Jun 24, 2013 12:26:16 GMT -5
I hope it stays low for long enough to order more wrapping wire.
Lee
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Deleted
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Post by Deleted on Jun 24, 2013 12:27:50 GMT -5
Good luck on the gold and silver:). Thank you.
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bushmanbilly
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Post by bushmanbilly on Jun 24, 2013 12:36:38 GMT -5
Canadian Mint Re-monetizing Silver
The Canadian Mint recently responded to the continued surging demand for silver coins by announcing a new $100 silver coin containing only 1/4 ounce of actual silver.
This displays that the Mint thinks an especially hefty premium relative to the paper silver price is warranted for its new coins. It is perhaps even more interesting that this product managed to get through its marketing department!
Ultimately, this apparently high pricing may be more symbolic instead of directly related to the price of the silver metal contained in the coin, but it does present evidence that the message about the real value of silver is getting through to at least some monetary authorities.
As to how the next wave of silver coin buyers might view this unusual development? If they bother to do the math, it can only bring confusion given where the paper silver market is currently trading.
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Post by Rockoonz on Jun 24, 2013 12:43:56 GMT -5
Our president seems FDR-like in all the worst ways, can all you true believers be willing to take a chance that POTUS won't work with his chi-com and russian allies to drive the price down further, then force us to turn it all in at the low price by making gold possession illegal? Sounds way too much like his SOP to me. I no longer own non jewelry gold. For survival food digests so much better.
Lee
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bushmanbilly
Cave Dweller
Member since October 2008
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Post by bushmanbilly on Jun 24, 2013 12:44:35 GMT -5
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Deleted
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Post by Deleted on Jun 24, 2013 12:46:59 GMT -5
Excellent risk analysis. Our president seems FDR-like in all the worst ways, can all you true believers be willing to take a chance that POTUS won't work with his chi-com and russian allies to drive the price down further, then force us to turn it all in at the low price by making gold possession illegal? Sounds way too much like his SOP to me. I no longer own non jewelry gold. For survival food digests so much better. Lee In the case of TEOTWAWKI illegal bullion will still spend. Likely better than ever. You analysis scares me for scenarios less the TEOTWAWKI.
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Post by helens on Jun 24, 2013 12:48:19 GMT -5
Well, I probably shouldn't do this, but since I'm done for the day, I'll tell you guys so you can check for yourselves. I dumped all the stocks that weren't moving plus my dog stocks, and shifted into IVR today. Why? Because IVR is ex-div tomorrow, and pays out over 15% (well it did when I bought it at $16.80 earlier...atm, it's $17.22, so div is only 14.70% right now). They pay quarterly, so it's a nice little chunk to cover downside (which in my case, would have to drop IVR to $16.15 for any downside to begin... at which point the div would be over 20% and I'll be buying hand over fist).
If the market crashes, people will see it as a huger dividend potential, so the price of this won't drop much further. BUT... I can sell this later to buy more relative value of the crashed stocks if there's a crash, which when they turn around again, may double quickly. You can't do this with gold or silver:P.
If there's no crash, 15% interest is still nice while I wait for a crash.
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Deleted
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Post by Deleted on Jun 24, 2013 12:53:10 GMT -5
You can't do this with gold or silver:P. They are as liquid as any other asset. Why not?
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Post by helens on Jun 24, 2013 12:55:06 GMT -5
Our president seems FDR-like in all the worst ways, can all you true believers be willing to take a chance that POTUS won't work with his chi-com and russian allies to drive the price down further, then force us to turn it all in at the low price by making gold possession illegal? Sounds way too much like his SOP to me. I no longer own non jewelry gold. For survival food digests so much better. Lee Um hm. And what will you do if none of this comes to pass, as we continue recovering? What's your forecast for these end times timewise? 1 year? 2 years? Can we make a long term wager that won't happen:P? This viewpoint is interesting when you consider that BOTH Russia and China have realized how stupid their commie gov't actually was, and are now desperately trying to become as close to the US capitalist model as fast as they possibly can... and succeeding disgustingly well to our dismay. Well, China more than Russia. That's as good as acknowledging that the US system is better, and they were wrong for most of their communist histories. Yet now, WE are going to become like they WERE as failed communist states. Seriously?
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Post by helens on Jun 24, 2013 12:56:28 GMT -5
You can't do this with gold or silver:P. They are as liquid as any other asset. Why not? Because they aren't paying you 15% dividends, regardless of the stock price. There's absolutely nothing anchoring the stock price compelling ANYONE to buy, which is why they can be so furiously manipulated.
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Post by helens on Jun 24, 2013 12:58:39 GMT -5
Almost too late to buy, IVR at $17.25 and still moving back up.
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Post by helens on Jun 24, 2013 12:59:28 GMT -5
$17.28:(.
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Post by helens on Jun 24, 2013 13:00:00 GMT -5
$17.31:(.
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Deleted
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Post by Deleted on Jun 24, 2013 13:00:41 GMT -5
Ohh... yes. I see. The obverse of that point:
All stocks can be zero. Or worse, look for infinite loss if you sell short.
You also cannot do this with gold and silver.
They will always have a value, even if dollar and the stock markets cease to exist.
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Post by helens on Jun 24, 2013 13:03:36 GMT -5
If it hits $17.50 before ex-div tomorrow, I'm going to flip it, make .70 a share (which is more than the ex-div) and buy back after ex-div... AND pay no taxes on it:P.
I am not going to tell you about what I do again, point of this was to show that gold and silver is quite a loser when you know what you're doing in the market. And you can look at the IVR chart to see exactly what I'm talking about on any charting service.
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Post by helens on Jun 24, 2013 13:03:55 GMT -5
IVR down to $17.24 now.
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Post by helens on Jun 24, 2013 13:04:37 GMT -5
Ohh... yes. I see. The obverse of that point: All stocks can be zero. Or worse, look for infinite loss if you sell short. You also cannot do this with gold and silver. They will always have a value, even if dollar and the stock markets cease to exist. As I said, you play with your gold and silver, I'll make money:).
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Post by helens on Jun 24, 2013 13:09:46 GMT -5
Oooh... $17.35... going to show you the anatomy of a trade, in real time. Wish everyday was as good as today:). LOL!
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Post by helens on Jun 24, 2013 13:10:02 GMT -5
$17.40... almost to my mark...
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Post by helens on Jun 24, 2013 13:10:28 GMT -5
$17.42
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