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Silver Wheaton Corp. Message Board

  • crazyhorse1786 crazyhorse1786 Nov 3, 2012 12:45 PM Flag

    Come on kids!

    The Fed is printing all this money. Silver should go up. Or is this a depression where all the new dollars go down a black hole and have no effect. Should I stay or should I go now?

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    • Well... the obvious reality is that 90%+ of the sheeple are still sheeple. Silver should have been over $50 several YEARS ago. The hysterical thing is: if you went back in time, say 20 or 30 years, and told leading economists what has been going on for the past several years, they would either respond it is impossible or that gold/silver would be significantly higher than now. It's a slow grind that still has years to go. The SLW rocket could easily go to $300 or beyond when reality hits home. Also... no matter how many extra dollars are floating around, there are a lot more companies and investments to absorb that cash. Just think about banking: as a percentage of the US economy, it was far smaller 20 years ago. Think about tech companies: compared to the 1970s, we have far more listed tech companies. Here's the worst: if most of the fools buying mining stocks and ETFs, would simply buy physical metal on a regular basis, SLW would be much higher. Yes, hold some miners, but by not buying physical, you are ultimately undermining your own investment. Buying physical and holding takes REAL metal off the market making it that much tighter for industrial buyers and more importantly, that much more difficult for artificial transactions (like a futures market that is allowing for 3x annual production to be traded... absolutely absurd...). Hold your SLW; it will take a while, but 3 to 5 years from now, you will be happy. Buy physical too!

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