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iShares Silver Trust Message Board

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  • simpleawright simpleawright Jun 28, 2012 10:43 AM Flag

    Time to buy silver and SLV 6/28/2012

    then quite simply, you do not believe in technicals, because right now, they are caving in. Go look at a 2 year chart.

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    • Of course the entire world will end it's 2012. Right now I fundamentally believe that the firm question needs to be how shall you pay me? Or put another way what will you give me for what I hold as in Silver, Gold, stocks, and other commodities. If you answer is dollar bills then I shall choose to wait, because the value of the money you pay me in is decreasing sharply as the debt increases. Right now GDP growth is 1.9 to 2.0 percent a year and debt is growing at 8 to 10% as a function of GDP. Their is a gap of 6 to 8% every year. I can hold on for a decade and then ask yourself what will your dollars buy?

      I've noted that I find nickles and dimes on the side walk. No one bothers to pick them up, even quarters. A decade ago it was pennies that no one bothered with.

      What we should do as always is bookmark this conversation and return to it in a couple of years. Then we shall see if I am correct or wrong.

      Regards

 
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